Latest Blog Posts

  • How ADP build respect amongst market participants
    1 February 2018 , Introduction The purpose of this article is to show how a new employment data release (ADP Non-Farm Employment Change) is building respect amongst market participants as a factor worth considering, if not a predictive indicator for the widely anticipated Non-Farm Payrolls report. In the first week of January 2007 we saw how the ADP release had an effect on trader sentiment and expectations prior the Non-Farm Payrolls (NFP) and the potential influence this had on price action. What is ADP Non-Farm Employment Change? Automatic Data Processing (ADP) provides employment solutions for businesses within but not the entire labour market. The figures they release are directly comparable to the […] Read the rest of the article
  • Forex Trading For Beginners Avoiding The Common Mistakes Made By New Traders
    22 January 2018 , In the world of Forex trading, for beginners the biggest fear is failure and losing your money. But why do so many newcomers fail? Everyone knows that the Forex market is good way of earning some money, even enough to give replace your monthly wage. However, most people also understand that if they don‘t get things right, there is a good chance of losing a lot of cash too. Now although these 2 facts are true, I am often shocked at how many people learn the second one the hard way. These are the type of people that make things really difficult for themselves, just because they were foolish enough to think Forex trading is easy money. Forex trading for beginners is something that takes time […] Read the rest of the article
  • Can Newbies Make Money With Forex Online Currency Trading Forex Online Trading
    10 January 2018 , Empleo Do you want to learn to trade in the nearly two trillion dollar a day Forex market by doing Forex online currency trading? Are you concerned because you are a beginner and you don’t want to lose all your money?  Are you worried that it could just be too tough to make a profit? Juegos The idea of spending a hundred dollars or so on cheap software and earning a big income with no effort is obviously not true, if it were 95% of traders wouldn’t lose money. These systems never have a track record verified by a third party and simply produce, back tested simulations or you get figures from the vendor with no third party check. Trabajo For example, when you buy (go long) a currency you […] Read the rest of the article
  • The Availableness of Free Forex Charts
    15 December 2017 , The concept of Forex charts seems to be incredibly important for the operation of foreign exchange transactions. With such a tool, the identification of the technical patterns and the analysis of the currency evolution becomes a lot easier. Free Forex charts work for training and create the skills necessary to forecast market trends. All the valuable courses that train people for brokerage focus on Forex charts analysis. Free Forex charts are available for download and you can access them on lots of websites. The evolution of hundreds of currency pairs can be tracked on professional free Forex charts. Nevertheless too complex tools can only be understood by a trained eye, while they remain […] Read the rest of the article
  • Becoming successful at day trading
    1 December 2017 , You have the option to trade during the day and at night when it comes to trading on the Forex market, and before you get started with either of course you are going to want to make sure that you have at least a basic idea of what you are doing here and this way you are going to be able to come out of this all with the best possible results. For Forex day trading in particular there are a few things that you are going to want to keep in mind, especially if you are just a newbie who is getting started and needs to learn Forex trading. If you want to learn more about Forex day trading there are a couple different ways that you could choose to go about this, and it really all depends on which […] Read the rest of the article

Latest Forex News

  • Sellers begin to nibble at buyers' resolve in EUR/USD
    on 20 August 2018 at 9 h 32 min

    EUR/USD falls below the near-term upwards trendline ForexLive The inability to break above the 200-hour MA (blue line) and offers around the 1.1450 level has resulted in a move lower in EUR/USD and the pair is now trading near session lows close to the 1.1400 handle. The move lower in the last hour also sees price break […]

  • Eurozone June construction output +0.2% vs +0.3% m/m prior
    on 20 August 2018 at 9 h 00 min

    Latest data released by Eurostat - 20 August 2018 - +0.3% - Construction output +2.6% y/y - Prior +1.8%; revised to +2.0% ForexLive A slightly slower month in terms of factory activity in June but the yearly estimate jumped higher with a positive revision to boot. Nonetheless, a lagging and minor data point as these are already fed into […]

  • SocGen says USD/TRY is heading towards 8.00
    on 20 August 2018 at 8 h 42 min

    Societe Generale analyst, Phoenix Kalen, forecasts lira to weaken to 8.00 against the dollar in a note to clients ForexLive Kalen argues that by reaching the 8.00 threshold it will "compel Turkey to compromise on some of its strategic objectives" and forecasts that the Turkish central bank will no longer hike rates before its 13 September MPC […]

  • Turkey's Erdogan: Attack on economy is no different from attack on our flag
    on 20 August 2018 at 8 h 03 min

    Turkish president Erdogan comments via Anadolu Agency - Attack on economy is also no different from attack on our call to prayer - The aim of the attack is to bring Turkey and its people to their knees ForexLiv […]

  • SNB total sight deposits w.e. 17 August CHF 576.7 bn vs CHF 576.1 bn prior
    on 20 August 2018 at 8 h 00 min

    Latest data released by the SNB - 20 August 2018 - Domestic sight deposits CHF 472.6 bn vs CHF 473.4 bn Prior week's report can be found . Not much change to overall sight deposits on the week. Nothing to really glean from the report here. […]

  • AUD/USD: Buyers continue to defend the near-term bias
    on 20 August 2018 at 7 h 54 min

    AUD/USD holds just above the 200-hour moving average ForexLive A late surge in Chinese stocks is giving a boost to European equities and in turn is helping give the aussie a bit of a feel-good factor as the currency pares losses against the dollar. The range on the day remains narrow (21 pips) but we're now closer […]

  • UK economy forecast to expand 0.4% in Q3 - survey
    on 20 August 2018 at 7 h 39 min

    According to the latest Bloomberg survey of economists - Q4 GDP forecast +0.4% q/q (prior +0.3%) - Q3 CPI forecast +2.4% y/y (prior +2.5%) - Q4 CPI forecast +2.2% y/y (prior +2.2%) […]

  • European equities open the day on a firmer note
    on 20 August 2018 at 7 h 12 min

    A decent start to the day for European stocks ForexLive No exacerbated worries coming after Turkey's credit downgrade - which to be fair, was expected so probably cushioned the blow - on Friday after the close. Looks like we're in for a sluggish and tepid trading day by the look of things. […]

  • EU's Moscovici: Not necessarily that there has to be a Brexit deal
    on 20 August 2018 at 6 h 50 min

    European Commissioner for Economic and Financial Affairs, Pierre Moscovici, comments - Says in theory, the Brexit vote could still be reversed ForexLive The EU continues to poke and prod at the matter awaiting for a "comprehensive" solution to come from the UK. Either way, it's still not looking likely that we're close to seeing both sides negotiate a […]

  • All Eyes on Trade Talks - 20 August 2018
    by info@dailyforex.com on 20 August 2018 at 6 h 49 min

    Asian markets opened mostly higher on Monday morning with optimism about the upcoming U.S.-Sino trade talks buoying markets. […]

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What is Forex ?

The Spot, Cash or Money market is the biggest market. You probably heard about futures, options and forwards which are derivatives of the main Cash Market.

The word FOREX is derived from Foreign Exchange and is the most largest financial market in the world. Unlike many markets the FX market is open 24 hours per day and has an estimated $2.0 Trillion in turnover every day. This tremendous turnover is more than the combined turnover of all the wordls' stock markets on any given day. This tends to lead to the most liquid market and thus makes it a very interesting market to trade. The Forex Market is an OTC Market (Over The Counter), meaning it doesn't have to be traded on an exchange.

The FX market does not have a fixed exchange. Nobody can claim having the right price but the high liquidity of this market makes it autoregulated. It is primarily traded through banks, brokers, dealers, financial institutions and private individuals. Trades are still executed through phone and increasingly through the Internet as the Internet penetration is growing drastically. It is only in the last few years that the smaller investor has been able to gain access to this market, around year 2000. Previously the large amounts of deposits required precluded the smaller investors and the monopoly of the big institution enabled a lot of cheating. With the advent of the Internet and growing competition it is now easily in the reach of most investors and the margin of the institution reduced automatically.

Special thanks to my dear french friends of https://bnains.org for helping me out setting up this website.