subject: FOREX Market, Best Trading Tool Today [print this page] Author: Mike Honiya Author: Mike Honiya
The foreign currency exchange market, or "forex" as it is commonly called, is a global marketplace where individuals and corporations buy and sell the currencies of different sovereign nations. It's history can be traced back to the moneychangers of the ancient middle east and Greece.
Click to Get Best Forex Automatic Trading Robots Today it is transacted on a global scale, on what is known as an "Over The Counter" market, or OTC. There is no central exchange, but is transacted on an electronic network between the world banks. Retail brokers around the world allow individuals access to this network, giving them the ability to trade currencies, just as the large institutions do. Currencies are traded in pairs; one currency in relation to the value of another. For instance, the pair that is traded more than any other in the world is the EUR/USD (Eurodollar vs. US Dollar) The first currency is known as the "base" currency; the second one listed is the "counter" currency. The value of the base currency is always one. For instance, when the EUR/USD is trading at 1.4323, it simply means that one Eurodollar is currently worth 1.4323 US dollars. Why are these values always fluctuating? Can't people make up their mind what each currency is worth, and just trade at that price? Unfortunately (or fortunately for the trader), currency values fluctuate in relation to each other because the peoples' (total market participants) perception of their values is always changing. Some factors that ensure that currency prices will always be changing include: interest rate fluctuations, changing economic policies and news, political stability (or lack thereof), central bank intervention, and international trade and investment, and many others.
Click to Get Best Forex Automatic Trading Robots The forex market fluctuations are, simply stated, the "tug of war" between all the market participants at any particular time. The buyers will prevail for a while (rising prices), and then the sellers will win for a time (falling prices). Large banks and corporations will trade the forex market to "hedge". The simple definition of hedging is to protect their businesses and market positions from falling currency prices, since much of a multi-national bank or corporation's business is done outside their own country. Hedging protects them from the fluctuations in the currencies' value. Most online forex traders fall under the category of "speculators". This denotes people who enter the market to attempt to profit from the price fluctuations. That's us! The challenge for us is to develop a trading system, learn good money management, and educate ourselves enough in technical and fundamental analysis to be able to make a profit at our forex trading. Trading the forex market is definitely a risky business. You will need a plan, good information, and sound money management to make it a profitable one. Are you tired of losing your hard-earned money to the forex market? Would you like to start making serious profits?
Best Forex Automatic Robot Program and other Related Resources:
Forex Auto Money system is stated to be an intelligent and innovative software designed to make the most out of your forex trading and to make the process as easy as possible. This program claims to be able to make the right decisions on forex trading, making money even as you sleep. This software analyzes market currencies and determines the best time for buying and selling foreign currency. This suggests a benefit of having more time for yourself and eliminating the taxing job of keeping up with trading activities.
No Loss Robot is one of the hottest Forex Robots on the market today. It uses multiple time frames, advanced trend detection, and advanced money management techniques to automatically trade with almost no losses! It trades automatically on your computer without any input required from you. The program will enter and exit trades for you at all hours of the day and night.
Forex Rebellion is a manual Forex trading system comprised of unique indicators and money management system. It is endorsed and verified by the Surefire Trading Challenge and tested by numerous beta testers to get an average success rate of 80% they report profits from 35% to 130% in four weeks of trading with the system.
