Trading in the foreign currency exchange market has quite a lot of similarities with playing poker. But before you start developing the wrong impression that I am putting foreign currency exchange on the same league as the game of poker, let me tell you outright that this is far from it. This is about the
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Foreign currency exchange or forex for short has continuously attracted investors into its fold. The promise of making big money fast has always been its greatest come on. Unfortunately, for many who dipped their fingers into this highly volatile market, they are finding out too late that they are ill prepared for the foreign exchange
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It is quite ironic that the foreign currency exchange market which is the biggest and most liquid financial market is largely self regulated without an officially recognized international authority to regulate the industry. In the U.S., prior to the Dodd-Frank Regulations, it was only the National Futures Authority, a private, members only association of securities
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The goal of every forex trader is optimum profitability at the fastest possible time. There is no get-rich-quick scheme in forex trading. There are no forex brokers that can absolutely guarantee the best yields in every trade. Instead of jumping at those with empty promises, forex traders should choose their broker carefully to find one
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In order to trade in the foreign exchange market, you need a forex broker to put your trades to action. You can either have an automated or an expert forex broker. Nowadays, automated forex brokers are more popular due to the skimpy spreads they offer as well as the minimized human intervention that often causes
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It has been eleven years since that day when terrorists took down the twin towers of New York’s World Trade Center, taking thousands of innocent lives of both tenants and rescue personnel. The day of what is considered to be one of the worst terrorist attacks in the history of the country was marked with
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The UK pound traded to a four month high during September 11 trading following a forex news announcement on Moody’s threatened downgrade of the US credit rating. At morning trading, the GBP/USD hit 1.6049, its highest level since May 15, before consolidating at 1.6047. Analysts said the pair would likely reach support levels at 1.5958
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After being found unconscious and near death in his car last July 9 in an apparent suicide attempt, the 64 year old Russell Wasendorf, chief executive of the Peregrine Financial Group has since been indicted of 31 counts of lying to regulators. He has initially entered a not guilty plea to the charges of taking
According to a news account by Farah Khalique and Giles Turner as reported on the Financial News dated September 12, 2012, Standard Chartered, a UK bank agreed to settle the charges levied against it by the New York State Department of Financial Services. The charges stem from the bank’s participation in U.S. Dollar transactions in
The euro traded to a four month high against the US dollar following forex news of a threatened credit downgrade against the US. The EUR/USD traded at 1.2840 at morning US trade, its highest level since May 15, before consolidating 1.2830. Analysts said the currency pair would likely reach its support level at 1.2753 and
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