The professionalism of the eurobankint.Com trading team is quite possibly our most significant advantage over other online brokers. The reason we are able to consistently offer tight, aggressive prices on deals of all sizes is because eurobankint.Com employs only experienced FX traders from top tier firms who are accustomed to quoting and dealing in fast moving markets. If you choose an online broker that staffs their desk with junior-level traders, you are at a greater risk that trades will not be executed in a timely manner or at the best possible price. It is well known that the FX market is not subject to the same regulatory issues as the futures and equity markets in the United States. As a result, a number of disreputable FX trading firms have materialized solely to take advantage of unsuspecting investors. Some firms, while not necessarily intent on defrauding investors, may be managed by inexperienced people who are unable to effectively manage the risks involved with trading millions of dollars each day. Many do not have the financial backing necessary to build an adequate technology infrastructure. Foreign exchange trading is the simultaneous buying of one currency and selling of another. The foreign exchange market (FOREX or FX) is the largest financial market in the world with a daily turnover of over $1.9 trillion. Examples of currency trading pairs are Euro/US Dollar (EUR/USD) and US Dollar/Japanese Yen (USD/JPY). Most currency transactions involve the US Dollar, Euro, Japanese Yen, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar. Unlike other financial markets, the foreign exchange market has no physical location and no central exchange. The FOREX market operates 24 hours a day through an electronic network of banks, corporations and individual traders. FOREX trading begins every day in Sydney, then moves to Tokyo, followed by London and then New York. We invite you to become a member of an elite community. Our work team knows the importance of taking the necessary information and opportunely, for that reason they develop work the more accurate possible, with the highest ethics flags and responsibility.
About Forex Market And ExChange:
2007 Exchange-rate Forecasts
Forecasting the value of currencies has always been more art than science. Nevertheless, JP Morgan, an American investment bank, has undertaken the most ambitious project of developing a set of 3-month and 12-month forecasts for many of the world’s currencies. Overall, JP Morgan is predicting a modest decline in the Dollar over the next 3 months against most of the world’s majors, perhaps due to declining economic prospects. Over the following 9 months, however, the USD is forecasted to gain ground, finishing the year above where it started. The forecasts are relatively conservative, with the exception of the Chinese Yuan, which is predicted to rise almost 20% against the USD in the next 12 months. Considering the Yuan rose by less than 4% in 2006, this is a lofty prediction indeed!
Mistakes to avoid when trading forex
The majority of this blog’s content is focused around events which potentially impact forex markets, paying scant attention to the trading, itself. I would like to offer a quick primer to those of you who are new to forex trading and simultaneously a refresher to those who consider themselves veteran traders. First, when trading currencies, it is important to develop a consistent, cohesive strategy, and stick to it. Success and profits are most likely to be earned by honing a single strategy, such as interest-rate arbitrage, changes in geopolitics, or technical analysis, to name a few. It is most worthwhile to approach trading from one particular framework, and practice discipline in adhering to a corresponding strategy by working towards understanding if/how the markets move within that framework.
Next, think twice about short-term trading. Those most likely to profit from day-trading currencies probably have more capital, more leverage, and access to better information. It is difficult to compete with these investors, and it makes more sense to stake out a position over the course of weeks or months, than minutes or hours. Finally, establish a risk/reward profile that you wish to target, and work to understand how volatility, which is a readily obtainable statistic, bears on this schema. If, for example, the markets suddenly become volatile (as is currently the case), it probably doesn’t make sense to set up stops (which automatically execute trades to minimize losses) since prices may move rapidly back and forth through the price points that you set, locking in losses.
Carry trade partially unravels
Yesterday, the collapse which roiled global financial markets spread to forex markets, causing the Yen to loosen from its moorings and sending the currency upward against most of the world’s major currencies, including a 2% rise against the USD. While the Yen has already given back some of these gains, many analysts are already speculating that this jolt some life into the Yen and put an end to the carry trade which has sent the Yen to record lows. Ultimately, it is volatility that will lift the Yen, and Yen bulls are surely hoping for another week like this one. CBS Marketwatch reports:
"One of the things that carry trade relies on is relative low levels of volatility. Clearly the most recent catalyst has been the Chinese market meltdown triggering a meltdown in other emerging markets and basically a shift out of riskier assets into less risky assets."
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