Sunday, 3 August 2014

BEST CURRENCIES PAIRS FOR TRADING


It is common question that which currency pairs are best to trade?

This article will first address the question “which currency pairs are best to trade?

THREE CATEGORIES OF CURRENCY PAIRS:
There are three categories of currency pairs
  • majors,
  • crosses, and
  • exotics.

The following points will explain which currency pair’s fall into these three categories and the advantages or disadvantages of each.



MAJOR CURRENCY PAIRS:
“Major” forex currency pairs those which are paired with the U.S. dollar. We are also including silver and gold in this list and we trade them regularly.




   SIGNS       PAIRS   DESCRIPTION


EUR/USDEuro vs. the U.S. dollar (Fiber)


GBP/USDBritish pound vs. the U.S. dollar (Sterling, Cable)


AUD/USD Australia dollar vs. the U.S. dollar (Aussie)


NZD/USDNew Zealand dollar vs. the U.S. dollar (kiwi)

USD/JPY U.S. dollar vs. the Japanese yen (the Yen)

USD/CHF U.S. dollar vs. the Swiss franc (Swissie)

USD/CAD U.S. dollar vs. the Canadian dollar (Loonie)

XAU/USD Gold

XAG/USD Silver


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Saturday, 2 August 2014

WHAT IS FOREX TRADING?

Forex is a commonly used abbreviation for "Foreign Exchange," and it is typically used to describe trading in the foreign exchange market by investors and speculators.


Forex is the knowledge and art of trading different currencies and making profit through it. You know that each country has its own currency, and the currency of different countries can be bought and sold against each other. Forex traders are those people who make money through buying and selling different currencies against each other. Forex is not a new business and its history is as old as the history of money.



Currencies are important to most people around the world, whether they realize it or not, because currencies need to be exchanged in order to conduct foreign trade and business.


What is Forex?, is a question which people ask a lot now a days. There are many people, who are making money through Forex from several years. Fortunately, Forex Trading has become so easy due to computer and internet. You can sit at your personal computer and trade from home without having to make any phone call or referring to any bank.


How Can Enter the Forex World?

There are many brokers companies who allow you to buy and sell different currencies through the Internet and via trading platforms. For any trade that you make, you pay a small commission to the brokerage company that you are trading through.

You need to find a good, reliable and well-known broker and sign up for Trading Account with it. After that you have to fund your account. You have to use your money which you have funded in Trading Account for Trade. Any profit that you make, will be added to your account and visa versa. Then you can withdraw the money you have made via different methods.
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