Forex Trading » Forex Trading System http://wwwforex-trading.com How to trade foreign currencies Mon, 23 Nov 2009 19:29:26 +0000 http://wordpress.org/?v=2.8 en hourly 1 How do I choose a forex trading system? http://wwwforex-trading.com/2009/10/10/how-do-i-choose-a-forex-trading-system/ http://wwwforex-trading.com/2009/10/10/how-do-i-choose-a-forex-trading-system/#comments Sun, 11 Oct 2009 01:01:16 +0000 admin http://wwwforex-trading.com/2009/10/10/how-do-i-choose-a-forex-trading-system/
I am new to the forex market and am looking for a good trading system that actually works. Can someone point me in the right direction please?
]]> http://wwwforex-trading.com/2009/10/10/how-do-i-choose-a-forex-trading-system/feed/ 7 Would you tell me the best forex trading system and what is your experience with that system?.Does it work? http://wwwforex-trading.com/2009/10/03/would-you-tell-me-the-best-forex-trading-system-and-what-is-your-experience-with-that-system-does-it-work/ http://wwwforex-trading.com/2009/10/03/would-you-tell-me-the-best-forex-trading-system-and-what-is-your-experience-with-that-system-does-it-work/#comments Sat, 03 Oct 2009 15:17:28 +0000 admin http://wwwforex-trading.com/2009/10/03/would-you-tell-me-the-best-forex-trading-system-and-what-is-your-experience-with-that-system-does-it-work/
I made many errors in my forex trading,losing thousands dollar and almost frustated.But i will not give up,except you suggest otherwise
]]> http://wwwforex-trading.com/2009/10/03/would-you-tell-me-the-best-forex-trading-system-and-what-is-your-experience-with-that-system-does-it-work/feed/ 4 Forex Trading System: How to Read a Forex Quote http://wwwforex-trading.com/2009/07/06/forex-trading-system-how-to-read-a-forex-quote/ http://wwwforex-trading.com/2009/07/06/forex-trading-system-how-to-read-a-forex-quote/#comments Mon, 06 Jul 2009 15:45:45 +0000 admin http://wwwforex-trading.com/2009/07/06/forex-trading-system-how-to-read-a-forex-quote/ Forex is an abbreviated name for “foreign exchange.” The Forex market is a non-stop cash market where the currencies of nations are bought and sold, typically via brokers. For example, you buy Euros, paying with U.S. Dollars, or you sell Euros for Japanese Yen.

The value of your Forex investment increases or decreases because of changes in the currency exchange rate or Forex rate. These changes often result from economic and political factors, such as the price of oil or political unrest. To better understand how the exchange rate can affect the value of your Forex investment, this article shows you how to read a Forex quote.

Forex quotes are always expressed in pairs. In the following example, your “pair” of currencies are the U.S. Dollar (USD) and the Euro (EUR). The Forex quote, USD/EUR = 265.50, means that one U.S. dollar is equal to 265.50 Euros. The currency to the left of the / (USD in this case) is referred to as base currency and its value is always 1. The currency to the right of the / (EUR in this case) is referred to as the counter currency. In this example, one USD can buy 265.50 EUR, since it is the stronger of the two currencies.

Because the U.S. dollar is regarded as the central currency of the Forex market, it is always treated as the base currency in any Forex quote where it is one of the pairs. Incidentally, the U.S. Dollar is involved in nearly 90% of all Forex transactions.

In this example, your “pair” of currencies are the Japanese Yen (JPY) and the Euro (EUR). The Forex quote, JPY/EUR= 175.10, means that one Japanese Yen is equal to 175.10 Euros. The currency to the left of the / (JPY in this case) is referred to as base currency and its value is 1. The currency to the right of the / (EUR in this case) is referred to as the counter currency. In this example, one JPY can buy 175.10 EUR, since it is the stronger of the two currencies.

The goal of any Forex trading system is to profit from foreign currency movements. This requires adequate training in basic Forex principles, such as performing a Technical Analysis, using Forex charts and Stop/Loss tools, and keeping up-to-date with economic and political events. In a sense, Forex training never ends.





By: Gregory DeVictor ]]> http://wwwforex-trading.com/2009/07/06/forex-trading-system-how-to-read-a-forex-quote/feed/ 0 What is the Best Automated Forex Trading System Out There? http://wwwforex-trading.com/2009/05/04/what-is-the-best-automated-forex-trading-system-out-there/ http://wwwforex-trading.com/2009/05/04/what-is-the-best-automated-forex-trading-system-out-there/#comments Mon, 04 May 2009 04:02:40 +0000 admin http://wwwforex-trading.com/2009/05/04/what-is-the-best-automated-forex-trading-system-out-there/
Hi everyone!

I am relatively new to forex and have only just found out about all these automated forex robots and such that are supposed to really take a lot of the risk out of forex trading. There are so many though! Can anyone suggest like a good one, based on personal experience?

Thank you!
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