FOREX TRADING
Definition of FOREX: The foreign exchange (currency or forex or FX) market exists wherever one currency is traded for another. It is the largest financial market in the world, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions. The average daily trade in the global forex and related markets currently is over US$ 3 trillion. Online forex trading company include Easy-Forex, CMSforex, fxcm, delta stock trading, wall street and more. Refinancing refers to the replacement of an existing debt obligation with a debt obligation bearing different terms. The most common consumer refinancing is for a home mortgage. Best Refinance Mortgage Rates can find esily online.
Tuesday, August 25, 2009
Average Daily Turnover by Country
•16 banks account for 75% of turnover in the U.K.
•11 banks account for 75% of turnover in the U.S.
•11 banks account for 75% of turnover in Japan
Note: The reference here is to individual banking offices rather than banking organisations.
Source: BIS Triennial Survey 2004
Trading
•An estimated 95% of transactions are speculative
•More than 40% of trades last less than two days
•About 80% of trades last less than one week
•Brokers research: 90% of traders lose money, 5% break even, 5% make money
Technical Analysis
Commonly used technical indicators:
•Moving averages
•RSI
•Fibonacci retracements
•Stochastics
•MACD
•Momentum
•Bollinger bands
•Pivot point
•Elliott Wave
Currencies
•The US dollar is involved in approximately 90% of all foreign exchange transactions, equivalent to over $1.5 trillion a day
Currency Codes
•USD = US Dollar
•EUR = Euro
•JPY = Japanese Yen
•GBP = British Pound
•CHF = Swiss Franc
•CAD = Canadian Dollar
•AUD = Australian Dollar
•NZD = New Zealand Dollar
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