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Forex Explained

The foreign exchange market - or Forex - is also known as FX or it is also found to be referred to as the FOREX. All three of these have the same meaning, which is the trade of trading between different companies, banks, businesses, and governments that are located in different countries. The financial market is one that is always changing leaving transactions required to be completed through brokers, and banks. Many scams have been emerging in the FOREX business, as foreign companies and people are setting up online to take advantage of people who don't realize that foreign trade must take place through a broker or a company with direct participation involved in foreign exchanges.

Cash, stocks, and currency is traded through the foreign exchange markets. The FOREX market will be present and exist when one currency is traded for another. Think about a trip you may take to a foreign country. Where are you going to be able to 'trade your money' for the value of the money that is in that other country? This is FOREX trading basis, and it is not available in all banks, and it is not available in all financial centers. FOREX is a specialized trading circumstance.

Small business and individuals often times looking to make big money, are the victims of scams when it comes to learning about FOREX and the foreign trade markets. As FOREX is seen as how to make a quick buck or two, people don't question their participation in such an event, but if you are not ... continue







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  • Action Forex

    Yen Surges on Another Day of Stock Market Crash
    20 Nov 2008 at 10:04am
    The Japanese yen surges across the board in US session following another day of crash in the US stock markets. S&P 500 tumbles 6.7% to 752.44, breaking though 2002 bear market low of 776.76 and made a new 11 year low. After more than a month of consolidation, DOW finally...

    USD/CAD Mid-Day Outlook
    20 Nov 2008 at 2:48am
    USD/CAD's rally continues as expected and reaches as high as 1.2786 so far. At this point, intraday bias remains on the upside as long as 1.2545 minor support holds. Further rally is expected to test 1.3015 high. Break will confirm that medium term up trend has resumed. On the downside,...

    EUR/JPY Mid-Day Outlook
    20 Nov 2008 at 2:44am
    EUR/JPY's break of 120.20 minor support flipped intraday bias back to the downside and argues that fall from 131.02 is resuming. Break of 117.67 will confirm this case and bring retest of 113.63 low first. On the upside, above 124.45 is needed to turn bias back the the upside and...

    EUR/USD Mid-Day Outlook
    20 Nov 2008 at 2:25am
    Not change in EUR/USD's outlook as its still bounded in converging range today . Intraday outlook remains neutral as long as 1.2389 minor support holds. Another rise cannot be ruled out towards 1.3290 high but , upside is expected be limited below 1.3768 cluster resistance and bring down trend re...

    GBP/USD Mid-Day Outlook
    20 Nov 2008 at 2:21am
    GBP/USD's break of 1.4900 minor support indicates that recovery from 1.4557 has completed at 1.5249 after being limited by 4 hours 55 EMA. Intraday bias is now back to the downside for retesting 1.4557 low first. Also, recent decline should be resuming for 100% projection of 1.7630 to 1.5269 from...

    USD/JPY Mid-Day Outlook
    20 Nov 2008 at 2:17am
    USD/JPY dips further to 94.63 in early US session and as this point, intraday bias remains ont he downside as long as 97.13 resistance holds. As discussed before, with 4 hours MACD staying below signal line, fall from 100.54 is likely resuming. Break of 94.47 will confirm this scenario and...

    USD/CHF Mid-Day Outlook
    20 Nov 2008 at 1:59am
    USD/CHF's rise extends further to as high as 1.2226 today and at this point, intraday bias remains on the upside as long as 1.2097 minor support holds. Further rise is still expected to next target of 100% projection of 1.0693 to 1.1746 from 1.1208 at 1.2261. Firm break there will...


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