"If they want peace, nations should avoid the pin-pricks that precede cannon shots."Napoleon Bonaparte
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A Guide to Swiss Banking - Part 2
In the first part of this guide, you learnt about some of the main benefits of Swiss banking. You also discovered how to open a Swiss bank account, and how to use it for savings and investment purposes. In this second part, we deal with making deposits ...
Currency in Germany
Here is some general information on Germany and the national currency (Euro) that I hope will be useful for anyone planning a trip here. One of the first things you will need to do when planning your trip to Germany is convert your national ...
Getting Started into Forex Trading
Forex, also known simply as the "FX," is the commonly accepted abbreviation for the over-the-counter foreign exchange market. The forex market is the largest financial market on earth. Forex exists on a 24-hour-a-day global network that spans ...
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The Foreign Exchange Market (better known as the FOREX or FX market) as we know it today was established in 1971, following the abolishment of fixed currency exchanges. Operating 24 hours a day, 5 days a week, the daily currency trades on the FOREX market are worth in the region of $1.9 trillion US dollars making it the world's largest market and putting the major stock markets firmly into second place.
So just what is FOREX trading and who are the players in this market?
Put simply, the FOREX market is a world-wide market for buying and selling currency and involves both major organizations, such as central government and international commercial banks and commercial companies, as well as smaller players in the form of brokerage houses and individual brokers. Unlike the better known world stock markets however the FOREX market does not have a 'home' as such, although there are major trading centers around the world in cities such as New York, London, Tokyo, Frankfurt and others. The FOREX market is in effect a 'digital' market, with trades being carried out by telephone and increasingly over the internet.
The buying and selling of currencies is necessary to support trade between countries in today's global marketplace and, as the major world currencies fluctuate against one another there is, and will continue to be, money to be made from currency transactions. The major players in the market are of course buying and selling in single deals often running into many millions of dollars. The smaller players however, the brokerage houses and individual brokers, are often trading in individual deals of as little as one hundred thousand dollars.
So what exactly does this mean to you sitting at home and surfing the internet?
It means quite simply that you too can join this market and, providing you take the time to learn the ins and outs of the currency markets and have a little bit of capital to invest, you can enjoy a very reasonable income from your online trading efforts.
You will not of course be able to trade on your own and will need to use a broker, but many brokers will allow you to open an account online and start trading with anywhere between $250 and $1,000.
FOREX trading is not everybody's cup of tea of course but its major advantage lies in the fact that it is a highly liquid market that does not involve the commission payments and paperwork which many people find a problem when it come to many other forms of trading.
It is, however, a 'technical' market and you should not venture into it unless you are prepared to take the time to learn the basic principles underlying this currency market and to become competent in the use of some of the 'tools of the trade', such as technical and fundamental analysis. But don't be put off by this. It is not necessary to become an expert in these markets to profit from them. With a little time and effort you can quite easily gain enough of an understanding of the currency markets to start making money through online trading and, in time, you will be surprised at just how quickly you can become quite an expert.
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 2 Ill. men accused of running $15M fraud scheme - News-Democrat
CHICAGO -- Two men passed themselves off as foreign currency traders to swindle customers out of $15 million, which they used to pay for a lifestyle that included strip clubs, jewelry and private jets, according to a criminal complaint unveiled ...
Bozeman, Lewistown men, Nev. firms face federal fraud charges - Missoulian
RENO, Nev. - Two Montana men and three Nevada companies they operated have been indicted by a federal grand jury on charges that they bilked more than 700 investors in a foreign currency exchange investment scam, prosecutors said Tuesday. Richard ...
James Chen - FXStreet.com
James Chen , CTA, CMT, is the Chief Technical Strategist for FX Solutions. He is also a registered Commodity Trading Advisor and a Chartered Market Technician. At FX Solutions, Mr. Chen writes daily currency analysis, conducts forex trading seminars ...
Canadian dollar shows strength against most majors - RTT News
(RTTNews) - The Canadian currency gained some ground against most major currencies in mid-morning trading on Thursday. The Canadian dollar rose to an 8-day high against the Australian dollar and reversed early morning downtrend against the greenback ...
Asian Shares Break Gaining Streak On Lower Metal, Oil Rates - All Headline News
Tokyo, Japan (AHN) - Shares in Asian markets closed lower, erasing gains from the previous day, on Thursday on reports that earnings in the oil, metal and chip industry will weaken amid deteriorating economy of the region. Car makers in the region ...
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