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A Guide to FOREX Trading
The foreign exchange (FOREX) market is the purchase or sale of a currency against sale or purchase of another. The object in Forex is to exchange one currency for another in the expectation that the price will change so that the currency you bought will increase in value compared to the one you sold. Through Forex education and training it is possible to speculate the direction of the market and receive a good return on your investment.
The major participants in the FOREX include commercial and investment banks and central banks. Other participants include corporations, hedge funds, and millions of speculation traders like you. Some of the top banks in the world such as Bank of American, Credit Suisse, and Morgan Stanley are major players when it comes to the FOREX. In order to make money within this realm, you will be competing against all of the major banks as well as individual traders.
When beginning in the FOREX, it’s important to select a reputable broker. After all, the broker is going to be the one paying you when it’s time to cash out. A broker acts as a middle man between you and the FOREX. When you place a trade in the FOREX, your position is filled by the broker and the broker sends the order off to the banks. When it’s time to be paid, your money is with the broker and they need to be able to cover your positions in the market. Most brokers offer a 3 to 5 pip spread on all the major currencies pairs, such as the ERU/USD, GBP/USD and the USD/JPY. A 3 to 5 pip spread
basically means that the FOREX must move 3 to 5 pips before your trade is in profit. One pip can be worth any amount, depending on how much money you’re willing to risk per trade.
There are two types of traders, fundamentalist and technical traders. Fundamentalist study the cause of market movement, whereas technicians study the effect. Most traders identify themselves as both a technician and fundamentalist. Most fundamentalist will have knowledge of charts, indicators and chart analysis. Similarly most technicians are aware of the fundamentals. However, the problem is that the charts and fundamentals are often in conflict one another. It’s usually a wise decision to have a bit of training in both fundamentals and technical analysis.
One of the most important factors in the FOREX is learning to manage your money. Traders will experience losses in the FOREX; therefore it is essential that a trader utilizes proper money management. In many cases money management is a simple concept, yet to practice money management consistently is very challenging. Generally speaking money management is knowing when to cut your losses. For each trade, a trader should be looking to make three times the amount they plan to lose. This way a trader only has to be right 33% of the time in order to be in profit.
Tim Rohrer is an established writer and FOREX trader. To learn more about FOREX trading, visit http://www.forex-investing.us
Written By: Timothy Rohrer
 Telegraph.co.uk | FOREX-US dollar slips, but strong trend remains intact Reuters NEW YORK, Feb 8 (Reuters) - The US dollar drifted lower on Monday as a modest recovery in overseas stock markets and commodities ... WORLD FOREX: Euro Manages Gains, But Sovereign Debt Issues Loom WORLD FOREX: Euro Down As G-7 Fails To Produce Greece Debt Plan Euro decline against dollar slows |
 DailyForex | Forex: US Dollar mixed as EUR/USD hovers around 1.3650 CountingPips By CountingPips.com The US Dollar has been mixed in forex trading as movements against most of the major currencies have been muted with little economic ... Forex: USD/JPY breaks past 89.55, and reaches 89.75 high Forex: Dollar and Yen showing strength on economic uncertainty Daily Forex Outlook - Market Quiet, Still Weak |
 RTT News | Forex: Pound drops against Dollar and Euro, weighed by trade deficit NASDAQ FXstreet.com (Barcelona) - The Pound has extended its pullback against the Dollar, while the EUR/GBP broke to a 3-weeks high as UK trade deficit widened ... Forex: UK Visible Trade Deficit Surges In December |
WORLD FOREX:Yen Down Vs High-Yielding Units As China Stocks Rise Wall Street Journal In tandem with the euro, the Australian dollar, the Swiss franc and the pound also advanced against the yen. But dealers say the Japanese unit could make a ... Some Japan exporters still pressured by euro weakness Forex news: dollar shows mixed trading sliding from multi-month high vs pound Forex trends: gaining vs yen, buck's sliding vs European majors |
WORLD FOREX: Euro Weakens As Negative Bets Hit Record Highs Wall Street Journal The dollar was at Y89.30 from Y89.38, while the euro was at Y121.97 from Y122.14. The UK pound was at $1.5598 from $1.5613. The dollar was at CHF1.0722 from ... |
Forex Strategy Outlook: US Dollar Likely to Move Sharply Against Euro Daily FX Forex options markets volatility forecasts continue to trend higher, pointing to major moves in the US Dollar and other major currencies through the coming ... |
 Financial Times | WORLD FOREX: Euro Sinks; Dollar, Yen Gain On Debt Concerns Wall Street Journal The dollar was at Y89.38, up from Y88.94, while the euro was at Y122.14, down from Y122.20. The UK pound was at $1.5631, down from $1.5750. ... Dollar will doom, Gold will boom: Jim Sinclair WORLD FOREX: Euro Losses Accelerate Amid Debt Worries WORLD FOREX:Euro Sinks Further;Markets Broadly Sell Off Risk |
 BBC News (blog) | WORLD FOREX: Dollar Loses Ground After Weaker US Job Data Wall Street Journal NEW YORK (Dow Jones)--The dollar gave up some overnight gains against the euro Friday morning after ... FOREX-US dollar, yen gain on Europe debt woes World Forex: Dollar gains as Euro and Pound sink on Sovereign Debt Concerns FOREX-Euro/dollar lowest since May on euro zone debt fears |
 Reuters South Africa | FOREX-Euro pressured, dollar rises on risk aversion Reuters LONDON, Feb 5 (Reuters) - The dollar hit a seven-month high against a currency basket on Friday as a widening in euro ... Forex trends: buck's gaining ground vs European majors, but is sliding vs yen Swiss Franc Forecast Dims on Persistent SNB Intervention FOREX-Dollar rallies on risk aversion before payrolls |
 FXstreet.com The Forex Market | US Dollar Forecast Remains Aggressively Bullish on Forex Options Daily FX Forex Futures and Options markets show that large speculators continue to bet on and hedge against further US Dollar strength—giving us a strong bullish ... Forex: Dollar consolidates gains ahead of NFP report FOREX: US Dollar, Japanese Yen surge today on risk aversion. Forex: Dollar and Yen rally further on concerns about economic recovery |
