Friday, January 8, 2010

GLOBAL FOREX TRADING

Online Global


The purpose of establishing a world-wide forex market is to facilitate the buying and selling of currency by not only large organizations, such as central governments, commercial companies and international commercial banks etc but small investors around the globe (even in Pakistan) can also invest in this huge market and make sufficient money online .
The interesting part about this market is that there is no set location, although there are major trading centers worldwide in a number of cities such as London, Frankfurt, New York and Tokyo but it is essentially an ‘over-the-counter’ market with the vast majority of trading being conducted by telephone and through the internet from every part of world. The proportion of online forex trading is increasing dramatically and it is empowering every small and medium-size investors to take part in online trading activities at their convenient timings. The currency exchange playing a pivotal role in supporting global trade as the world has already become a global village. The major business revolves around the main currencies such as the US dollar (USD), the British pound (GBP), the Euro (EUR), the Japanes yen (JPY) and others. There is always some upward and downward movement of currencies which provide second by second opportunities to make money from currency exchanges. Foreign currency trading provides an excellent opportunity for the small investor to make money but learning to trade Forex is essential before heading out into the market
For more detail click here http://www.forex.com/

FOREX TRADING

Online Forex Trading
A currency trade is the simultaneous buying of one currency and selling of another one. The currency combination used in the trade is called a cross (for example, the euro/US dollar, or the GB pound/Japanese yen.). The most commonly traded currencies are the so-called “majors” – EURUSD, USDJPY, USDCHF and GBPUSD.
The most important Forex market is the spot market as it has the largest volume. The market is called the spot market because trades are settled immediately, or “on the spot”. In practice this means two banking days.

How Forex Works
The essence of Forex trading is very simple. You exchange one currency for another when its price is low and then exchange it back when the price is higher and by doing so, you make profits. This simple tool shows you the mechanics of it. Note, in this example, the default leverage is 100:1 which means that each dollar in your account goes as 100 dollars. Higher leverage increases your profit potential, but also the risks of trading. In the actual trading account, you will be able to determine the leverage size of your trades.

For mre detail vlick here visit
www.Forex.com/Pakistan
A good begining to your Online Forex Trading business is extremely important for your career in this field which will certainly ensure a better future. It is just like building a solid foundation before you construct your main building. A good starting point in Forex trading business is to learn who are the key players in this market and what are the basic rules of trading.
There should be a solid reason why you should be learning online Forex trading and thinking about starting you own online Forex trading business.
A good begining to your Online Forex Trading business is extremely important for your career in this field which will certainly ensure a better future. It is just like building a solid foundation before you construct your main building. A good starting point in Forex trading business is to learn who are the key players in this market and what are the basic rules of trading.

forex Rates pakistan
Remittance Buying Selling
USD 84.85 85.00
GBP 135.50 136.50
SR 22.45 22.57
UAE 22.90 23.08
AUS 7 6.15 77.01
EUR 121.50 122.50
CAD 80.48 81.41
IND 1.58 1.68
JPY 0.9000 0.9100