OnlineForex.biz covers major news and events in this Foreign Exchange industry. In addition, you can find educational material, reviews, and comparisons regarding the online Forex market. There is a wide variety of articles and trading analysis for beginners and advanced currency traders.
Introducing the Foreign Exchange Market
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
More: » The Forex Industry | » Regulation | » Forex Partners
- Forex Currency Pairs
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
- 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
Find News & Events -Covering the Vast Foreign Exchange Market
Forex trading is quite popular around the globe, and this means there are thousands of providers and millions of traders. OnlineForex.biz aimd to cover the main news and events in the Foreign Exchange market.
- Forex Expos
There is a great number of high-class Forex expos happening every year. These expos are held all over the world, from New York to Cyprus, Dubai, and Hong Kong. During these events, retail traders and Forex companies have the chance to meet in person and discuss Forex trading. Moreover, Forex expos usually offer a strong educational incentive by offering seminars and workshops, and by hosting important spokesmen.
» Forex Events | » Market News
Find Online Forex Reviews & Ratings
OnlineForex.Biz is specialized in trading reviews, and that includes Forex brokers and trading systems. You may read these reviews like reading a business card. More specifically, you may find:
■ Company info | Trading info | Account Info
In addition, you can find Forex Brokers comparisons based on certain important trading aspects: