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Foreign Exchange (Forex)
The foreign exchange market (forex) is a worldwide financial market for the trading of currencies. It is open 24 hours a day except on weekends and is the largest and most liquid market in the world. A typical transaction would be the purchase of one currency with payment by another currency.
1,131 Questions
Is FX currencey trading also know as FOREX currency trading?
FX currency is also known as FOREX currency trading. It is regarded as the value of a country's currency in comparison to another country. Exchange rates are determine by foreign markets.
Are trading companies improving their services?
"Yes, many trading companies are improving their service. They understand that the better customer service they provide for their customers, the more people will use them and therefore they will make more money."
What are the negative effects of using automated forex?
Some of the negative effects of using an automated forex is its not always a negotiable investment. So if you decide you would like to change the investment you will not always have the option. Programs that does allow you to do so is very pricy. If you are using this program for the first time it is a good idea to read the miscalculations.
What kind of trading is Forex involved in?
"Forex, also known as foreign exchange market, is used to exchange money from one currency to another. This allows companies in any part of the world to do business with another company and smoothly transfer funds."
What is the job of a forex trader?
A Forex trader is responsible for speculating on the price movement of currency pairs in the foreign exchange markets. The goal of a successful Forex trader is to make a profit by buying and selling currencies in the market. A Forex trader will use a variety of analysis tools such as technical and fundamental analysis, to identify potential trading opportunities in the market. They will then use their knowledge and experience to decide when to open and close their trades. This can involve placing stop losses and take profit orders to ensure they are able to maximize their profits and minimize their losses. They will also need to monitor the markets closely and stay up to date with any news and events that could influence the currency pairs they are trading.
Is managed forex trading available in California?
"Yes managed forex trading is available in California. It depends on your location, you would have to find out yourself if it is available in your city or not."
What are the different kinds of cfd trading platforms?
"CFDs can be traded on any platform that allows for stock trading, but specialized platforms do exist. The best allow for limit, stop, and/or market orders after hours, stop entry order support, CFD-specific charts and reports, and CFD-specific accounting."
Is a Forex trading account free to set up?
"A ""Forex"" trading account stands for foriegn exhange market trading. It is generally not free to set up and only brokers with additional credentials (tests) can trade on Forex market accounts."
Are there tutorials for Forex Trading?
"Yes there are several online sites that offer tutorials for forex training. I would start at the Forex website where you will find answers to most of your questions including tutorials, webinars, and live work-shops."
What is managed forex trading and where is it located?
every business is very risk due to if u know its how know .
forex trading is best business if you keeps in minds some points.
1.be patients
2.lot size controls
3.take lot acc 10%
4.controls emotion
5.risk to reward work
6.take orders full confidence
What is an Fx trader and what is it used for?
"The FX trader is the Foreign Exchange Market and it's used for trading currencies. Banks, corporations, governments, and investors are the traders who use it."
"Fx trader, or Foreign exchange market, is a global financial market to show the current foreign exchange on currencies. It determines the currency exchange rates."
Is FOREX an online foreign exchange broker?
FOREX is an online foreign currency broker. They offer foreign currency trading online. It is like eTrade but instead of investing in stocks, you invest in currency.
Is Forex secret trading a scam?
It doesn't seem like a scam, there are genuine companies and products listed on their page. I would do further research and make sure you always check things before investing or anything involving money.
What is the Metatrader 4 Platform?
MetaTrader is a popular trading platform used by many traders around the world to trade in the foreign exchange (forex) market. It was developed by MetaQuotes Software and was first released in 2005.
MetaTrader offers a range of tools and features that enable traders to analyze market data, create and implement trading strategies, and manage their trades. It includes charting tools, technical indicators, customizable trading algorithms, and a wide range of order types. The platform also supports the use of automated trading software, known as expert advisors, which can be programmed to execute trades based on predefined criteria.
Overall, MetaTrader is a comprehensive and user-friendly trading platform that is used by both novice and experienced traders.
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What are the reason for decline value of Indian rupee in foreign exchange market?
There are so many reasons of depreciating rupee, but I would like to explain the first one, which is most important.
Why dollar is moving up and rupee is going down? There has been a recent fall in rupee since some days ago and a dramatic increase in dollar. It was 49.50, then 50.12, 51.10, 52.60, 53.54, 54.40, and yesterday it was 55.32 and today according to google search 1 U.S. dollar = 55.5987991 Indian rupees. Why is this happening?
First Reason - Dollar is in Demand
BRIC countries like India have emerging economy, so a huge percentage of investment in India is from outside the country, especially from US but due to recession in US, big institutions are collapsing and many of them are on the verge of breakdown. They are suffering huge losses in their country. They have to maintain their balance sheets and look strong on all statements, so to recover losses in their country, they are pulling out their investments from India. Due to this pulling out of investment by these big companies from India or in other terms disinvestment, demand of dollar is raising up and rupee is depreciating.
There was a huge interest rate differential between India and US. Now RBI is reducing all kind of rates to increase money supply in market, so deposit rates will also move downwards. It will reduce the rate differential between two countries and affect the fixed investment in India in a negative manner.
Second reason - Collapse of International Trade
If you observe in terms of international trade, commodity prices are crashing at international level.
Importers are trying to accumulate dollars, as they have to pay in terms of dollars and at the end demand is increasing against the rupee. This has not happened yet due to lack of confidence in all kind of markets.
Exporters have a very few orders from outside countries, so there is no matter of converting dollar into rupee thereby decreasing demand for rupee.
Besides the above-mentioned two reasons, there are many other reasons, which I would like share in the comments section below with you and others.
Now 1 USD is at 55.59 Indian rupees and expected to appreciate further due to huge inflows. The major gainers are Indian IT companies including BPOs, call center outsourcing, medical transcription outsourcing, and Indian content writers, especially Indian Adsense publishers who also earn in dollars.
regards
- IV chennai
What is a 1981 cinco mil soles de oro worth?
what is the value of 5000 1981 cinco mil soles de oro to south africa rands
Is the foreign exchange market shrinking or growing?
The Forex market is growing. Daily turn over already close to 5 trillion US dollar.
What do bid and ask mean in currency conversion?
The bid and ask are the best prices offered by the buyers and sellers.
Forex is a contraction of 'foreign exchange,' which refers to the global currency exchange market.
Where to market your forex platform?
Marketing a forex platform should involve a mix of digital marketing tactics, including search engine optimization (SEO), content marketing, and paid advertising, along with attending industry events and conferences to network with potential clients.
Where can one get a Forex Managed account?
You get accounts at Forex Managed on their website. The Forex website should be the only place where you get a Forex Managed account, as other websites not owned by Forex promising to give Forex accounts may be phishing scams.
Such brokers are also called Market Makers. These brokers do take opposite of your trade and benefit from you losing on your trade. This practice is popular in Forex Market because it is not centralized as other markets. For example DOW, CME, Nikki etc centralizes the whole process, every trade that is executed is goes via their server. So the price you see on your broken screen is the real price that everyone else sees. This however is not the case with Forex. A Forex broker can increase the spreads and prices thus varies from broker to broker.
I'm not familiar with the term "forex cover" in the context of foreign exchange trading. If you can provide more information or context about what you mean by "forex cover," I'll do my best to assist you with a more relevant answer.
