Investors in JL Trading, owned by Joe Lewis, 59, received emails this month stating that the company based in Istanbul “is ceasing to carry on business” and had stopped trading foreign exchange in 2009 after incurring substantial losses.
Forex markets usually classify currencies in three groups: major, minor and exotic currencies. Exotic Currency is the term given to thinly traded currencies which are illiquid, lack popularity in terms of consistent market activity, and trade with high markup fees at select markets or dealers.
I have a guest post for you today from Luke Peters that discusses some of the key differences between seasoned professionals and gamblers in the world of forex trading. I hope you find it useful. Forex trading has often been associated with roulette wheels due to the high risks involved...
How many times have you entered a good trade and then as soon as it doesn’t do exactly what you would like it to, you close it early, only to see it play out in your favor a few days later? This is a mistake many traders make and it’s born out of feeling pressure again.
The beauty of forex is you can get started right away without any money and without having any idea what you are doing. To do this you open what is called a demo forex account. In your demo account you trade with fake money and you have fun learning how to trade for real.
The forex market, unlike other exchange-driven markets, has a unique feature that many market makers use to entice traders. They promise no exchange fees or regulatory fees, no data fees and, best of all, no commissions.
A new service for financial options has launched a beta website for nine different binary options, including gold, silver and crude oil, plus six foreign exchange pairs. The offered currencies – euros, Australian dollars, New Zealand dollars, British pounds, yen, and Swiss francs...
Investing in foreign currencies is a relatively new avenue of investing. There are considerably fewer people are aware of this market than there are people aware of several other avenues of investing.
So what is is Forex trading you may ask? Forex is the exchange you can buy and sell currencies. For example, you might buy British pounds (by exchanging them to the dollars you had), then, after pounds / dollar ratio goes up, you sell pounds and buy dollars again.
At the present day on of the main special features of Forex in Russia appears its status. On its own terms Forex supposes free currency conversation without any government intervention. With favourable outcome by the end of 2014 we’ll get a whole new level of Forex market.