Foreign Exchange 4U - Currency & Forex

Almost all newcomers to the currency trading start their journey with the so called ?majors?. And not surprisingly so. These instruments are the most popular, most liquid, and most prominent. They are also all dollar based.

What are the ?majors?? While there is no formal definition for that term, ?majors? are the USD denominated currency pairs. […]

The price of a currency is determined by a variety of different factors perhaps the most important of which are political and economic conditions in the country issuing the currency. Currency prices will, for example, be influenced by such things as a country's political stability, its rate of inflation and its interest rates. Governments can […]

Any trader must develop a trading system of his own. I is the principal condition for the regular and stably-profitable work at Forex. Every successful trader whom I know does hold this opinion. That is, such system must clearly and impartially indicate points of the entrance into the market and the exit from it. The […]

During recent months, the Canadian dollar traded a tight range against Sterling between 2.2500 and 2.3000. This follows a sharp uptrend in GBP/CAD from a low around 1.9737 (02/03/06) to a recent high at 2.3567 (23/01/07) caused by expectations of higher interest rates in the UK, coupled with interest rate stagnation in Canada. At the […]

More than 80% of daily forex trading involves major currencies like Australian Dollar (AUD), British Pound (GBP) GBP/USD is known as cable because GBP/USD were the first two currencies to be traded against one another, Canadian Dollar (CAD), Japanese Yen (JPY), Swiss Franc (CHF), and the US Dollar (USD). USD is like the world reserve […]

Why Does The Non-Farm Payrolls Report Cause Volatility?

The NFP generally falls on the first Friday of every month and offers an insight into the health of the US labour market. A healthy labour market is an important driver of consumer spending which, in turn, stimulates economic growth and prosperity. The health of the US economy […]

The forex, or foreign currency exchange market, is the largest market in the world. The daily trading volume for the forex is over 1.9 trillion dollars dwarfing the stockmarket. This article will explain how to make money trading successfully and avoid the pitfalls of first-time forex traders.

The forex is referred to as an interbank […]

For the last couple of years or so, the buzz word in Forex circles has been the ?carry trade?. In fact, it has become popular enough, that even CNBC gave it a mention on number of occasions.

What is a ?carry trade?? In a nutshell, it?s a trade involving two currencies with a large interest rates […]

This is the first in a series of articles that are intending to introduce beginning traders to all the essential aspects of foreign exchange. I will start by identifying and defining the essential aspects of foreign exchange trading, and key components that you will be exposed to as a forex trader.

Forex is an acronym for […]

Forex exchange rate is the value of two different currencies and how they relate to each other. It is used by corporations, tax authorities, auditing firms, and financial institutions and is calculated on the basis of information supplied by leading market data contributors. Forex exchange rate says how much of one currency is needed to […]