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

  • German foreign minister confirms lifting of travel ban for EU member states from 15 June
    on 3 June 2020 at 8 h 47 min

    German foreign minister, Heiko Maas, confirms the decision here For bank trade ideas, check out eFX Plus &nbs […]

  • UK May services final PMI 29.0 vs 27.8 prelim
    on 3 June 2020 at 8 h 30 min

    Latest data released by Markit/CIPS - 3 June 2020 - Prior 13.4 - Composite PMI 30.0 vs 28.9 prelim - Prior 13.8 The preliminary release can be found . A slight revision higher to the initial estimates but much like the Eurozone reading, the headline just reaffirms that business activity is seen improving from April to May. […]

  • Germany plans to lift travel ban for EU member states, UK, Switzerland from 15 June - report
    on 3 June 2020 at 8 h 13 min

    Reuters reports, citing government sources on the matter here For bank trade ideas, check out eFX Plus There's no mention of any other country outside the general European region for now, with the sources saying that the lifting of the travel ban will be for EU member states, UK, Switzerland, Iceland, Norway, and Liechtenstein. […]

  • Eurozone May final services PMI 30.5 vs 28.7 prelim
    on 3 June 2020 at 8 h 00 min

    Latest data released by Markit - 3 June 2020 - Prior 12.0 - Composite PMI 31.9 vs 30.5 prelim - Prior 13.6 The preliminary release can be found . A slight revision higher to the initial estimates, similar to the French and German readings but overall conditions still to point to a significant contraction in the euro area economy […]

  • British Pound (GBP) Latest: Few Signs Yet of End to GBP/USD Strength
    by Martin Essex, MSTA on 3 June 2020 at 8 h 00 min

    GBP/USD continues to climb with other “risk on” assets on hopes of a global economic recovery. At some point there will be a retracement but for now the trend remains upwards. […]

  • Germany May unemployment change 238.0k vs 190.0k expected
    on 3 June 2020 at 7 h 55 min

    Latest data released by the Federal Employment Agency - 3 June 2020 - 373.0k; revised to 372.0k - Unemployment rate 6.3% vs 6.2% expected - Prior 5.8% For bank trade ideas, check out eFX Plus […]

  • Germany May final services PMI 32.6 vs 31.4 prelim
    on 3 June 2020 at 7 h 55 min

    Latest data released by Markit/BME - 3 June 2020 - Prior 16.2 - Composite PMI 32.3 vs 31.4 prelim - Prior 17.4 The preliminary release can be found . A slight revision higher to initial estimates but all this does is reaffirm that business activity has improved from April to May, but the overall outlook remains bleak as demand […]

  • France May final services PMI 31.1 vs 29.4 prelim
    on 3 June 2020 at 7 h 50 min

    Latest data released by Markit - 3 June 2020 - Prior 10.2 - Composite PMI 32.1 vs 30.5 prelim - Prior 11.4 For bank trade ideas, check out eFX Plus The preliminary report can be found . A slight adjustment higher to the initial estimates, as that indicates that business activity is seen improving from April to May. But economic […]

  • Italy May services PMI 28.9 vs 26.1 expected
    on 3 June 2020 at 7 h 45 min

    Latest data released by Markit - 3 June 2020 - 10.8 - Composite PMI 33.9 vs 28.5 expected - Prior 10.9 For bank trade ideas, check out eFX Plus Much like the Spanish reading earlier, the headline figure shows a stronger bounce than expected but again this only relates to the shift in businesses feeling that activity is better […]

  • China warns the UK that they have no jurisdiction or supervision over Hong Kong
    on 3 June 2020 at 7 h 36 min

    Comments by the Chinese foreign ministry - Says that it lodges stern representations with the UK on recent remarks on HK - Says that UK remarks interferes with China's internal affairs With Trump going soft on China, the UK is the one in the firing line now amid their recent commentary over the Hong Kong issue. For now, […]

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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.