Friday, August 7, 2009

Forex Online Trading

What does it mean?? The main system of Forex online trading is not different with offline foreign exchange. You will act as authorized money changer. Trading is going on globally between world finance centers and involved world major bank as the main implementer of each transaction. Circulation Volume of money is biggest around the world. Everyday reach I,5 billion. The huge of volume has made perfect market competiton due to nobody could decide the price. There are currency pair which often to be used such as :
EUR/USD :Euro/US Dollar is often called Euro
USD/JPY : US Dolar/ Japanese Yen is often called Dollar Yen
GBP/USD : British Pound/US Dollar is often called Cable
USD/CHF : US Dollar/Swiss Franc is often called Dollar Swiss atau Swissy.
USD/CAD : US Dollar/Canadian Dollar is often called Dollar Canada or C-Dollar.
AUD/USD : Australian Dollar/US Dollar is often called Aussie Dollar.
EUR/GBP : Euro/British Pound is often called Euro Sterling.
EUR/JPY : Euro/Japanesse Yen is often called Euro Yen.
EUR/CHF : Euro/Swiss Franc is often called Euro Swiss.
GBP/CHF : British Pound/Swiss Franc is often called Sterling Swiss.
GBP/JPY : British Pound/Japanesse Yen is often called Sterling Yen.
Swiss Franc/Japanesse Yen is often called Swiss Yen.
NZD/USD : New Zealand Dollar/US Dollar is often called New Zealand Dollar or Kiwi.
The value of Currency Pair above are real-time and keep changing follow market condition every time. You can get profit from positive difference of this trading. There is term called Quantity, so you can easily deal transaction appropriate with your abilty. Here is the example :
100 Quanties = USD 1
500 Quanties = USD 5
1000 Quanties = USD 10, and so on
100 quantities represent 1 USD, Means margin that used for 100 quantities you need 1 USD, and it can be interpreted to deal transaction 100 dollar you only need USD 1. For 500 dollar you only need USD 5 and so on. I'll give you example work system, If you take buy position and it turn out that movement of money price showing rise trend, so you can take profit from the difference of buying price by closing buy position and take sell position. The same way can be used if you firstly take sell position. If you wanna seriously in forex online trading, you can register at www.Marketiva.com, this site is owned by Marketiva, one of the major company from switzerland which serve forex online trading. At the beginning you'll get virtual money amout US$10.000 as practice of simulation trading on virtual trading. Then if you feel confident enough you can start trading with initial capital for only US$ 1. To start making money from Forex, read this first
http://e-fxonlinetrading.blogspot.com

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