EURUSD 1.0791 -0.03%
#BK 45.40 0.33%
#KHC 27.38 0.26%
#UTX 150.51 -0.47%
GBPUSD 1.2917 -0.63%
#C 78.24 0.88%
#KO 59.81 0.52%
#VZ 58.33 0.79%
USDJPY 111.28 1.20%
#CAT 136.97 0.31%
#MCD 216.24 0.07%
#WMT 118.12 -1.24%
USDCHF 0.9840 0.08%
#CL 53.40 2.30%
#MDLZ 59.40 -0.40%
#XOM 60.39 0.86%
USDCAD 1.3235 -0.14%
#CSCO 45.97 -1.28%
#MMM 159.59 0.53%
AUDCAD 0.8824 -0.50%
EURJPY 120.04 1.18%
#DIS 141.13 1.44%
#MO 45.20 0.02%
AUDCHF 0.6563 -0.27%
EURCHF 1.0618 0.05%
#DWDP 51.79 0.00%
#MRK 81.65 -0.97%
AUDJPY 74.16 0.86%
GBPJPY 143.72 0.59%
#EBAY 37.70 -0.32%
#MSFT 187.31 0.07%
AUDUSD 0.6671 -0.36%
GBPCHF 1.2710 -0.54%
#F 8.00 -0.38%
#NG 1.961 -0.31%
CADCHF 0.7431 0.23%
GOLD 1606.98 0.41%
#GE 12.80 0.47%
#NOK 4.21 -0.48%
CADJPY 84.05 1.34%
#AA 16.53 3.45%
#GOOG 1530.09 0.71%
#ORAN 14.49 0.28%
CHFJPY 112.98 1.13%
#AAPL 324.30 1.67%
#HD 243.78 -0.07%
#PFE 36.35 0.17%
CRSIDX 10576.5 0.30%
#ADBE 384.11 1.42%
#HON 181.03 0.94%
#PG 125.86 0.78%
EURAUD 1.6182 0.33%
#AIG 49.44 0.93%
#HPQ 22.50 1.24%
#QQQ 237.17 1.05%
EURGBP 0.8352 0.59%
#AMD 58.82 3.37%
#IBM 150.92 -0.10%
#S 9.47 3.27%
NZDCAD 0.8429 -0.50%
#AMZN 2179.33 1.16%
#INTC 66.62 0.77%
#SNE 67.10 0.72%
NZDCHF 0.6265 -0.29%
#AXP 137.17 1.17%
#IP 42.69 -1.19%
#SPY 338.71 0.62%
NZDJPY 70.84 0.83%
#BA 340.92 0.62%
#JNJ 148.66 -0.28%
#T 38.61 0.98%
SILVER 18.26 0.77%
#BAC 34.78 1.50%
#JPM 138.10 1.82%
#UL 60.02 -0.87%
About FOREX

FOREX is an international foreign exchange market. Its abbreviation derives from the word combination denoting currency transactions – Foreign Exchange. As one of the youngest market financial markets – Forex in its present identity has been around only since the 1970s – this foreign exchange market is nonetheless the largest in volume and the most dynamic. The daily trade on FOREX consists of 4 trillion USD, 30 times greater than the combined volume of all the other capital markets in the US.

As with any other market FOREX conducts business with a base asset. In case of the foreign exchange market this asset is the national currency of different countries. The fundamental cause of exchange rates fluctuations is the demand of government institutions and commercial companies around the world for converting profits earned from the sale of goods and services abroad into their national currency. This sector constitutes approximately 5% of the general trading of the foreign currency market. The other 95% comes from the speculation capital of foreign exchange traders trying to derive a profit from currency fluctuations.

There are various types of brokers on forex market, such as CFD brokers (Contract for Difference), ECN brokers (which provide forex traders with the direct access to other forex market participants), MT brokers (that support MetaTrader 4 software), institutional forex brokers (with the reputation backed up by well-established and reputable off-line companies: banks and financial organizations) and others.

One of the main advantages of the foreign exchange is stability. The principal threat to any financial market is unexpected market failure and market index collapse. However, unlike capital markets, FOREX does not fail. If prices for shares suddenly drop, it’s a catastrophe. If the dollar collapses, it just means that another currency has grown stronger. For instance, the yen once within the period of a few months rose 25% against the dollar in 1998. On certain days the dollar fell ten percent and more. However, the downturn for the dollar could not become a reason for a foreign exchange market crash, and trade continued in its usual fashion. This is precisely why there is market and business stability for foreign exchange transactions. Foreign currency remains the most liquid and reliable trading instrument.

Of greatest interest for speculators are the so-called standard (the most liquid) currencies. Today more than 85% of all transactions are use standard currencies like the United States dollar – USD, Japanese yen – JPG, Euro – EUR, British pound – GBP, Swiss franc – CHF, Canadian – CAD and Australian dollars – AUD.

As important stage in becoming acquainted with foreign exchange trading is understanding the system of currency exchange markings. This is a relatively simple task taking into account that all standard currency pairs are indicated the same way – on opposite sides of the slash mark “/” there are two symbols, the relationship of values of which is the exchange rate of the currencies: EUR/USD (the exchange rate of Euro against US dollar), GBP/USD (exchange rate of the British pound against the US dollar), USD/JPY (exchange rate of the US dollar against the Japanese yen) etc. The slash mark “/” is often omitted and currency pairs are spelled in the following manner: EURUSD, GBPUSD, USDJPY.

The gist of FOREX operations is completely transparent– earning a profit from currency transactions based on market fluctuations in the relationship between one currency against the other: the entire foreign exchange market consists of the total of currency pairs each of which reflects the value of one national currency in relation to the other. For example, if we say that one euro is worth 1 dollar and 34 cents, that means the exchange rate of EUR/USD equals 1 : 1.3400.

We invite you to learn more about how to make a profit on the FOREX market using actual examples.

FOREX quotes
EURUSD 1.0791 -0.03%
GBPUSD 1.2917 -0.63%
USDJPY 111.28 1.20%
USDCHF 0.9840 0.08%
USDCAD 1.3235 -0.14%
EURJPY 120.04 1.18%
EURCHF 1.0618 0.05%
GBPJPY 143.72 0.59%
GBPCHF 1.2710 -0.54%
GOLD 1606.98 0.41%
#AA 16.53 3.45%
#AAPL 324.30 1.67%
#ADBE 384.11 1.42%
#AIG 49.44 0.93%
#AMD 58.82 3.37%
#AMZN 2179.33 1.16%
#AXP 137.17 1.17%
#BA 340.92 0.62%
#BAC 34.78 1.50%
#BK 45.40 0.33%
#C 78.24 0.88%
#CAT 136.97 0.31%
#CL 53.40 2.30%
#CSCO 45.97 -1.28%
#DIS 141.13 1.44%
#DWDP 51.79 0.00%
#EBAY 37.70 -0.32%
#F 8.00 -0.38%
#GE 12.80 0.47%
#GOOG 1530.09 0.71%
#HD 243.78 -0.07%
#HON 181.03 0.94%
#HPQ 22.50 1.24%
#IBM 150.92 -0.10%
#INTC 66.62 0.77%
#IP 42.69 -1.19%
#JNJ 148.66 -0.28%
#JPM 138.10 1.82%
#KHC 27.38 0.26%
#KO 59.81 0.52%
#MCD 216.24 0.07%
#MDLZ 59.40 -0.40%
#MMM 159.59 0.53%
#MO 45.20 0.02%
#MRK 81.65 -0.97%
#MSFT 187.31 0.07%
#NG 1.961 -0.31%
#NOK 4.21 -0.48%
#ORAN 14.49 0.28%
#PFE 36.35 0.17%
#PG 125.86 0.78%
#QQQ 237.17 1.05%
#S 9.47 3.27%
#SNE 67.10 0.72%
#SPY 338.71 0.62%
#T 38.61 0.98%
#UL 60.02 -0.87%
#UTX 150.51 -0.47%
#VZ 58.33 0.79%
#WMT 118.12 -1.24%
#XOM 60.39 0.86%
AUDCAD 0.8824 -0.50%
AUDCHF 0.6563 -0.27%
AUDJPY 74.16 0.86%
AUDUSD 0.6671 -0.36%
CADCHF 0.7431 0.23%
CADJPY 84.05 1.34%
CHFJPY 112.98 1.13%
CRSIDX 10576.5 0.30%
EURAUD 1.6182 0.33%
EURGBP 0.8352 0.59%
NZDCAD 0.8429 -0.50%
NZDCHF 0.6265 -0.29%
NZDJPY 70.84 0.83%
SILVER 18.26 0.77%
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