Posts Tagged ‘exchange’

mini forex account

By koby On September 28, 2009 NO COMMENTS

Forex Hitter Mini account?


I was told that if you deposit $50 into a mini forex account that you can make money? before i do this I wanted to ask you guys your opinion…

Playing forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words “Forex” and “lose” to see this is the consensus.

Forex is what we call a “zero sum” game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the “bets” in Forex are highly trained professionals at banks and other institutions. You are unlikely to

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philippines forex rates

By koby On September 26, 2009 NO COMMENTS

Foreign exchange or Forex is the conversion of one currency to another. As a business venture, one can have the opportunity to earn easily depending on the amount of information available to him such as the current forex rate among other things, and on how you can use such information into a clever business move.

Take for example; you exchanged a 500USD amount to Philippine Peso while the current forex rate is 45.32. The total amount you got was 22,660 pesos. After a few months, due to some financial crisis that affected the US economy, the dollar value dropped to 44.88 in peso. Naturally, you realized that if you only waited longer you may have gotten more pesos. But then you thought of looking at the bright side of this by taking advantage of buying again another 1000 dollars but this time at lower price thinking that you can trade it later

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gbp usd forex

By koby On September 24, 2009 NO COMMENTS

gbp usd forex
forex Question.?


In FOREX, is the GBP-USD market the same as the USD-GBP or are they considered two seperate markets?

Also, why the hell is it called “Cable”? (just outta curiosity)

its the same market, its just a matter of how its quoted, ie USDs per GBP(market convention) or GBPs per USD( what the die hard standardizers whould have us trade).

The first “electronic” prices and trades in the currency went over the transatlantic cable, hence the name


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forex sales jobs

By koby On September 19, 2009 NO COMMENTS

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Any stock/forex jobs out there for Sociology majors?


I’m looking to get into the stock/forex markets field but I have a degree in Sociology, which equates to basically nothing in the private sector. Most, if not all, jobs in the stock/forex field for non-business type majors are in some boiler room high pressure 55+ hour a week sales position. I’m not interested in that at all. Does anyone know of any positions that might be possible for a Sociology major to get into in the forex/stock market fields? Or do I have to go back to school?

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eur usd forex

By koby On September 17, 2009 NO COMMENTS

eur usd forex
Forex EUR/USD – What are the Fundamentals that influence this pair?


What are the fundamentals news that make a influence in the EUR/USD pair and how it does it?

Could you give me a list of fundamentals and the way (positive/negative) each influence this pair?

I have problem, because I am a newbie, to recognize them.

Thanks a lot.

Here are some of the fundamental economic reports that will influence the EUR/USD:

For the USD:
- Non-Farm Payrolls
- FOMC interest rate decision
- Retail Sales
- CPI (Consumer Price Index)
- GDP
- US Trade Balance

For the EUR
- Purchasing Managers Index Manufacturing
- Purchasing Managers Index Services
- Retail Trade
- German Retail Sales
- Eurozone Gross Domestic Product
- Unemployment data (Germany and Eurozone)
- Consumer Price Index
- German ZEW Survey
- German IFO Survey

You can keep track of the weekly economic releases on the DailyFX calendar here http://www.dailyfx.com/calendar .

Traders are concerned with the overall health of the economy that they are trading. The better the

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