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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
What is bid and ask in foreign exchange?
The bid is the price that the buyers are willing to pay.
The ask is the price that the sellers are willing to pay.
Forex trading start at 20:15 GMT on Sunday until the market close at 22:00 GMT Friday.
What are the duties of a forex manager?
Fund managers manage multi accounts of the clients that are mirrored to their master account. They trade on behalf of the clients with their master account. Through the proportional allocation of funds, they share the benefits of their trading expertise with the clients.
What are the most important trading centers for the foreign exchange market?
The most important trading centers for the foreign exchange market are London, New York, Tokyo, and Sydney. London is the largest and most influential, accounting for a significant portion of global trading volume due to its overlapping business hours with other major financial centers. New York follows closely, serving as the primary center for trading the U.S. dollar. Tokyo is crucial for Asian market activities, while Sydney plays a vital role in the early hours of trading, particularly for the Asia-Pacific region.
Should unrealized foreign exchange gains and losses be reversed in the following year?
Yes, unrealised gain/ (loss) should be reversed in the following year to bring the balances to original/ historical amounts. Subsequently, at the time of settlement of a liability/ collection of a receivable, the actual/ realised gain/ (loss) is booked in the year in which it incurred. When you track unrealized gains and losses, you make an entry for the current month, then reverse the entry you made in the previous month. It's important that you remember to reverse the previous month's entry; if you don't, gain and loss amounts for future months will be inaccurate.
What is the best forex system in the world?
There are a lot of Forex brokers in the world, there are hundreds of them. However, they all differ as for the services they provide and their reliability.
Where do you go to hire a Forex Trader?
There are different ways to find and hire a Forex trader, depending on your needs and preferences. Here are some options:
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Job boards: You can post a job listing on popular job boards such as Indeed, Monster, or Glassdoor. Make sure to include the job requirements, responsibilities, and qualifications.
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Freelance platforms: Platforms like Upwork or Freelancer offer a pool of freelance Forex traders who can be hired on a project basis or for ongoing work.
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Social media: LinkedIn is a popular platform for professionals in the financial industry. You can search for Forex traders or post a job listing on LinkedIn to attract potential candidates.
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Referrals: You can ask for referrals from colleagues, friends, or other traders in your network. This can be a good way to find a trustworthy and experienced Forex trader.
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Forex trading communities: There are many online communities and forums where Forex traders gather to share knowledge and expertise. You can post a job listing or reach out to individual traders in these communities.
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When hiring a Forex trader, it's important to conduct a thorough interview process to ensure that the candidate has the necessary skills, experience, and qualifications for the job. You may also want to ask for references and check the candidate's trading history and performance.
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Where can one find forex training in Beijing?
I think theres none why not try online trading?
For you to get started try checking this video hiddenidol.com/video/4386/How-to-Save-$5000-on-Forex-Trading-Training-and-Get-it-Free
Well, most brokers have a dual charging process, you can choose to pay a commission to execute through an ECN but spreads will be in some cases reduced to 0, they can't be eliminated all together because the prime liquidity provider requires a cut too. The presence of too many middle adds to the cost. If you decided to pay a spread then of course that is all you will pay for the trade. It is perfectly legal in the UK but in the US it may be a little different. City monopolist trading has a lot of information on the subject.
What is best strateji for forex?
There is a tons of Forex strategies but it is only a few great forex strategies. For beginners is always recommended to use forex signals to reduce the risk.
If you have a lack of knowledge, try semi-automated Forex trading strategy that will show a trader when to open and close trades.
Which foreign exchange program is best for hosting?
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What is difference between direct qoute and indirect quote in Forex?
1$=Rs. 55
consider above example
when the left hand currency in the quote is forrien currency than it is said to be direct quote and if the left hand currency is home currency than quote is said to be indirect.
in above example we can say it is a direct quote in the point of view of India and can say indirect quote for US.
Does intraday trading can make money?
Yes,
Intraday trading can make money for sure. I would recommend you to try out binary options if your a new trader.
How do you set up your own forex trading company?
There are several things we want to achieve when creating Forex trading system:
1. Find entry points as early as possible.
2. Find exit points securing maximum gains.
3. Avoid fake entry and exit signals.
If accomplished, these three goals will yield a profitable trading system.
Step One
This is the first step, where you will need to answer yourself: how many hours you want to dedicate to trading? Would you prefer sitting in front of the monitor constantly for several hours trading short (5, 15, 30 minutes) time frames that would require constant market monitoring and quick reaction to price moves OR you would be more comfortable with setting up your charts once or twice a day and never turn your monitor on during the rest of the time?
This is pretty much about the comfort and free time you have on your hands that could be spend in the Forex currency world, however, while testing your new strategies you may want to find out about their performance in different time frames and then choose the most accurate and profitable option.
Step Two
There are plenty of trading tools and indicators available to Forex traders, but not all of them could give the fastest signal about upcoming trading opportunities. And traders goal, of course, is to get into the trade as early as possible and take maximum advantage of price moves.
Among indicators that could provide traders with a fast signal about upcoming changes and possible trading opportunities are such indicators as EMA (Exponential Moving Average), SMA (Simple Moving Average), Parabolic SAR; Fast, Slow or Full Stochastic, MACD and others. The key moment here is to fully understand the principles of their work to be able to take maximum advantage of signals those indicators produce.
One of the common ways to spot a trend reversal as fast as possible is to use Moving Averages. Such simple strategy as using 5 EMA and 10 EMA crossover will show trend reversal and new trading opportunity at its earliest stage.
Another example would be Stochastic lines crossover or MACD lines crossover. The idea behind it is simple: when two line cross each other the trend is changing to the opposite and new opportunity for entry arises. Stochastic and MACD indicators also use moving averages.
Combining indicators on the one chart and experimenting with indicators values, traders can create an optimal and the fastest way to spot the early trading opportunities.
Step Three
Currencies have their own characters or behavior. Some are extremely active like GBP/USD or GBP/CHF, some are quite consistent and steady trending like EUR/JPY or EUR/GBP.
Different indicator set-ups, different values may be used to achieve best results for each currency pair.
Also a good idea is to find the most active hours for a chosen currency pair. Those hours of currency highest activity are easy to spot on the chart and should be used to get maximum profits during the trading session.
Step Four
Once we found time frame, indicators and currency pair(s) that respond the best it is time for the most crucial step - finding additional tools/indicators that will confirm received earlier signals and give either a green light for action or save Trader from fake-outs.
As a confirmation indicator Trader can use again any indicator or trading tool he/she is well familiar with. It is recommended to be more sophisticated in choosing additional tool to confirm the prior signal. It could be also the same indicator but with different settings.
For example, with our initial 5 EMA and 10 EMA crossover method we could use additional 20 EMA line and wait until 5 EMA crosses 10 EMA (which is the first signal) and continues through 20 EMA (which would be our confirmation for action).
Or instead, we could opt for MACD indicator it is a very good Forex indicator that can reveal a lot of useful information. Finding the best working value set-up for MACD (it has initial settings are (12, 26, 9) ) that will perfectly match our time frame and particular currency behavior we can use it as a great confirmation indicator to separate most promising trades from fake, loosing ones.
Other good indicators/tools to confirm the signals are RSI, Stochastic, Fibonacci etc. Improvising and learning Trader can find the one that produce best results.
continue......part 2 read full story at www.forex-outluk.blogspot.com
Foreign exchange market services in banks?
Banks offer a range of foreign exchange market services, including currency exchange, hedging solutions, and international payments. They facilitate the buying and selling of currencies for individuals and businesses, helping clients manage exposure to currency fluctuations. Additionally, banks provide advisory services to optimize foreign exchange strategies and access to trading platforms for larger institutional clients. These services enhance liquidity and support global trade and investment activities.
What are some disadvantages of the student exchange programs?
that youre stuck wid random people for ages
No, there is no $900 bill. The largest denomination of U.S. currency ever printed was the $100,000 bill, but it was only used for transactions between Federal Reserve Banks. So unless you have a time machine and a very specific need for a $900 bill, you're out of luck.
What are the sources of supply of foreign exchange?
The supply of foreign exchange of a given country stems from the sale of foreign merchandise, services, and capital to that country. When foreigners want to buy a country's exports, they must purchase it currency with their own. Thus the supply of one country's currency available to a second country is closely related to the demand for the second country's currency. When the demand schedule of a given country for a foreign currency is known, the supply schedule of the foreign country's exchange can be frequently derived from it.
BY TAVINDER SINGH
CAREER BUILDER
C-1503 INDIRA NAGAR,LUCKNOW
