Online Forex means BIZness...
Forex Events, Education, and Reviews
(+) FOREX EXPOS 2023 (press)
- Traders Fair & Award 2023 Vietnam (December 9, 2023)
- MoneyShow Orlando (October 29-31, 2023)
- The London Trader Show (October 21, 2023)
- FX Markets New York (October 17, 2023)
- Forex Expo Dubai (September 26-27, 2023)
- FINEXPO | Traders Fair South Africa (September 16, 2023)
- TradeTech FX Paris (September 12-14, 2023)
- MoneyShow Toronto (September 8-9, 2023)
- FINEXPO | Traders Fair Vietnam (June 24, 2023)
- Infopro FX Markets London (June 7, 2023)
A currency pair or else an exchange rate is a quotation of two different currencies (i.e. EURUSD). The first listed currency of a currency pair (i.e. EUR) is called the base currency, and the second currency is called the quote currency (i.e. USD).
■ There are 8 major currencies: United States Dollar (USD), Euro (EUR), Japanese Yen (JPY), United Kingdom Pound (GBP), Switzerland Franc (CHF), Canadian Dollar (CAD), Australian Dollar (AUD), and New Zealand Dollar (NZD)
■ The are also 7 major currency pairs that are called the 'Majors' and include the US Dollar against EUR, JPY, GBP, CHF, CAD, AUD, and NZD.
These are some of the most tradable Forex currency pairs.Read more ...
The Full Set of Forex Trading Orders
- What is a Trading Order?
A trading order is an instruction to your broker to buy or sell a financial asset on your behalf. The order-driven system in all modern exchanges automatically matches buyers and sellers.
The proper use of a trading order adds control to your positions and significantly reduces risk and trading costs. Different brokers may offer different sets of trading orders, and therefore, when choosing a broker, you must ensure that the full range of trading orders is available.Read more ...
This article presents three basic investment concepts and a series of significant portfolio management ratios.
Three Basic Investment Concepts
- risk-free rate
- standard deviation
- max drawdown
(i) Risk-Free Rate
The 'Risk-Free Rate' refers to the annual return that an investor can secure without taking any market risk. Usually the 'Risk-Free Rate' is calculated based on the annualized interest paid by holding a three (3) month treasury bill. Any investment offering lower returns than this guaranteed rate is considered an unacceptable investment.
- In the EU, the 3-month Euribor is used
- In the USA, the 3-month US Treasury bill
Main Forex Expos 2023
These are the upcoming Forex Expos in 2023.
TRADERS FAIR & AWARDS VIETNAM HCMC
- When: December 9, 2023
- Where: HO CHI MINH, Vietnam
Traders Fair - innovative yet interactive series of educational and networking events throughout Asia and the rest of the world.Read more ...
Starting a Forex Fund
While Forex brokers, money managers, and liquidity providers are under heavy regulatory pressure in recent years, the number of Forex funds around the world is constantly growing as a result of an expanding demand for passive-Forex investing services.
Setting Up the Forex Fund -location
A Forex fund can be established in many countries around the globe, without even having to visit them. You can easily start a Forex fund in the US, in Europe, or even in offshore countries.Read more ...
ONLINE FOREX FAQ
What is Online Forex?
Forex means FOReign EXchange and it is a 24/5 global market where world currencies are traded one against the other. Forex is the largest financial market in the world, as the daily volume of transactions is estimated to exceed $4 trillion...
■ The most significant Forex centers include London, New York, Tokyo, and Sydney
What is a Currency Pair?
A currency pair or else an exchange rate is a quotation of two different currencies (i.e. EURUSD). The first listed currency of a currency pair (i.e. EUR) is called the base currency, and the second currency is called the quote currency (i.e. USD)...
The most liquid pairs in the Foreign Exchange Market are:
■ EURUSD, GBPUSD, USDJPY, CADUSD, AUDUSD, EURGBP, EURJPY, and NZD/USD
What is ECN/STP Forex Trading?
ECN means Electronic Communication Network and it is an electronic bridge connecting large liquidity providers (i.e. banks) with smaller market participants (i.e. retail traders). This connection works through an ECN Forex Broker who charges trading commissions for offering access to the ECN market.
STP means Straight-Through Processing and refers to the method of transferring retail trading orders straight to liquidity providers, without any dealing desk intervention. STP Forex brokers usually offer a transaction speed between 70 and 150 milliseconds.
■ NDD Brokers: They include ECN/STP brokers and provide direct access to interbank rates. That means traders get a better quotation and faster order-execution
■ DD Brokers: They are known as Market Makers and they build an internal market following the ECN market. Not a good choice for intraday Forex traders
What is Money Management (MM)?
Money management aims to protect portfolios by helping investors to decide how much to risk on any trade based on their total available capital.
In practice, that means implementing various techniques and having a set of rules in order to limit risk, and simultaneously increase the reward.
How to trade in the Forex Market?
Online Forex works as a decentralized network for exchanging the world's currencies. Trading the online Foreign Exchange market requires a trading platform linked to a trading account. Forex brokers can provide a trading account while most trading platforms are free to download and use...
■ Web-trading platforms: are better for beginners
■ MetaTrader and cTrader: are better for advanced and professional Forex traders
Where to Start?
First of all, you need to find a safe and competitive Online Forex Broker. Then you can open a Demo Account with this broker in order to train without risking your real funds. After you begin to gain some experience, you can move to a Mini-lot account where a 0.01 lot equals just $10. After some time, you can move to a standard-lot account where 0.01 lot equals $1,000...