As recently as ten years ago, Forex Currency Trading was confined to the large institutions and banks as they only had access to the tools and systems required to meet the then high barriers of entry set in the Forex Trading game. Transactions in foreign currencies are not centralized on an exchange, unlike say the NYSE, and thus take place all over the world via telecommunications. Trade is open 24 hours a day from Sunday afternoon until Friday afternoon (00:00 GMT on Monday to 10:00 pm GMT on Friday). In almost every time zone around the world, there are dealers who will quote all major currencies. After deciding what currency the investor would like to purchase, he or she does so via one of these dealers (some of which can be found online). It is quite common practice for investors to speculate on currency prices by getting a credit line (which are available to those with capital as small as $500), and vastly increase their potential gains and losses. This is called marginal trading.
In deciding which pair or pairs to trade, it would behoove the new trader to first decide which type of trader they wish to become: a long-term Trend trader or a short-term Range trader. Making this decision first helps simply because once this decision is made, traders can then better evaluate an individual pair to determine if the pair fits their trading style.
Law enforcement will have to focus on the bank accounts, wire transfers and financial transactions that - with international cooperation and some luck - might be used to get behind the anonymous shell companies hiding the perpetrators and stolen funds,� says Senator Levin, a Democrat from Michigan.
Forex trading is the simultaneous buying of one currency and selling of another. Forex is one of the most widely traded markets in the world, with a total daily average turnover reported to exceed $5 trillion a day. It's one of the largest and most liquid financial markets in the world, with different currencies constantly being exchanged as individuals, companies and organisations conduct global business. The forex market is not based in a central location or exchange, so it's open 24 hours a day from Sunday night through to Friday night.
Rate Alerts allow you to be notified via Email or SMS/ Call when your desired rate is available. Enter in the currency, product and rate at which you want the alert to be triggered. Then key in your email and mobile number at which you would like to be notified when the rate of your choice is available.
