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What Are the Basic Requirements to Start Trading in Forex?

The Basics of Forex Trading In order to start trading in forex, one needs to open an account with a forex broker. Today, there are practically a zillion brokers and trading platforms available with various options and procedures. Typical questions for the novice trader are Who is the best broker for me? How can I [...]

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What Are The Advantages of Trading Forex?

What trade Forex? Traditionally, equity markets or debt markets have been the sole center of attention for most investors and traders around the world. Currency markets have much to offer, over and above the other traditional and upcoming markets such as commodities, it’s not surprising that the volumes in Forex are far above and beyond [...]

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What Are The Different Types of Forex Traders?

Who can trade in the Forex market? In the forex market, investors or (traders) are of three main types- Hedgers, Speculators and Arbitrageurs. All of these investors contribute to the substantial liquidity of the forex market. This classification is on the basis of their trading orientation or objective- to hedge currency fluctuations, making a quick [...]

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Getting Your Hands Dirty with Forex

About Forex Forex refers to currencies such as the US dollar, Japanese Yen, Pound, and Euro. The forex market is a market or exchange where currencies are traded like other securities such as stocks and commodities. This just happens to be the world’s largest financial market, with a trading value of over $4 trillion a day. Forex, FX, or Foreign [...]

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Direct & Indirect Quotes – Understanding Forex Quotes

Direct and Indirect Quote Forex rates in the currency exchange market are displayed in pairs by market makers (or dealers). Exchanges rates on the other hand are forex rates or FX rates that represent the value of one currency in relation to another currency. For e.g., 1USD = 96.62 JPY. This is the exchange rate [...]

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Different Forex Markets & Their Timings

Forex Market Timings and Major Trading banks: Forex markets are open 24 hours a day from Sunday afternoon EST (Eastern Standard Times) to Friday afternoon EST. In the 5 days of week, there is always one financial market open all the time, when one market close other remains open. For e.g. when London market close [...]

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How Much Capital Do You Need To Start Trading Forex?

How much does an individual have to pay to start trading in Forex? Forex trading is far easier than trading equities, as traders need to cover only a few major currencies such as the USD, GBP, EUR, and JPY. Trading forex is still not child’s play and warrants good knowledge and awareness about the world’s [...]

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4 Tips for Selecting the Best Forex Broker

Did you know that the foreign exchange market is the world’s largest financial market with over 4 trillion (!!) dollars traded every day? It sounds like science fiction, right? But it is the truth. Traders all over the world have to choose either an online or offline a Forex broker to help them execute their [...]

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How Many Currencies Are Traded In The FX Market?

Common Currencies traded in the FX Market. Currency Name Country Name Symbol Short Name US Dollar US USD Greenback Pound UK GBP Cable Swiss Franc Switzerland CHF Swissy Japanese Yen Japan JPY Yen Canadian Dollar Canada CAD Loonie Euro Euro Members EUR Fiber Australian Dollar Australia AUD Aussie New Zealand Dollar New Zealand NZD Kiwi [...]

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A Quick Look At Forex Signals For New Traders

If you are just beginning to become interested in Forex Trading, you will hear the term “Forex Signals” tossed around a lot. There is even a Forex Signal System that is available to many traders. However, before you make an investment in a system or strategy, having a basic understanding of the role that these [...]

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