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Foreign Currency Trading Article
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Forex Trading
from:To better understand Forex trading, there are certain terms and phrases for which you will need the definitions. Here are some terms that will come in handy as you begin making trades in the Forex market.
Appreciation – Appreciation describes when currency rises in value on the Forex market.
Bear – A bear market describes the Forex trading market when prices for currency are steadily falling.
Bull – A bull market describes the Forex trading market when prices for currency are steadily rising.
Cross – A cross is the word for a trade of one currency for another on the Forex trading market. It is called a cross because the one currency crosses the other as they change hands.
Depreciation – Depreciation describes when currency falls in value on the Forex trading market.
Long – This is the term used to describe the action of buying currency on the Forex trading market. A long position will turn a profit if the market prices rise.
Majors – Majors are the most popularly traded cross exchanges. They include USDJPY, GBPUSD, EURUSD, and USDCHF.
Margin – A margin is the amount of the trade that must actually be paid when it is placed. It is sometimes as low as 2 percent.
Pip – A pip is the smallest amount of difference that is noted in the price change of currency.
Short – This is the term used to describe the action of selling currency on the Forex trading market. A short position will turn a profit if the market prices fall.
Spread – The spread describes the difference between the selling price for currency and the buying price.
Foreign Currency Trading News
Foreign Currency Trader Sentenced on Tax Charges
An investor in a foreign currency trading fund has been sentenced to five years in prison for evading more than $150,000 in taxes.
Read more...Fitch Assigns Initial Long-Term Foreign Currency IDR of 'BBB+' to Banco Barclays S.A.
Fitch Ratings has assigned the following initial ratings to Banco Barclays S.A. :
Read more...U.K. Currency Trading Fell 3% in October From April to $1.97 Trillion/Day
Foreign-exchange trading in the U.K. fell 3 percent to $1.97 trillion a day in October compared with April, according to a semi-annual survey of trading published by the Foreign Exchange Joint Standing Committee.
Read more...CFTC Charges Texas Resident Christopher B. Cornett in Foreign Currency Fraud Action
Washington, DC - The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing of an enforcement action against Christopher B. Cornett of Buda, Texas, charging him with solicitation fraud, issuing false account statements, misappropriating pool participants’ funds, and failing to register in connection with an off-exchange foreign currency (forex) fraud.
Read more...Forex Trading Volume Rises in North America: What it Means for You
The Federal Reserve’s Foreign Exchange Committee released its semi-annual survey on the average daily trading volume in the forex market, showing interesting shifts in overall trading.
Read more...Currency Trade at a Record $977 Billion a Day in North America, Fed Says
Foreign-exchange trading in North America rose to a record $977 billion a day in October, while slowing in the U.K., Australia and Singapore, according to central bank surveys.
Read more...Foreign exchange rules to be liberalised further
Measures would continue to be introduced for the development of cross-border settlement infrastructures to enable more efficient and cost-effective foreign currency trading and settlements, said Dr Zeti during her speech at the 13th annual conference of the Fixed Income, Money Market and Derivatives Association of India (FIMMDA) and Primary Dealers Association of India (PDAI).
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