Forex Trading

A slump in the dollar this morning seems largely confined to a gain for the single European unit. The British pound has nevertheless made gains against the greenback despite a further sign of impending slowdown. Few dealers appear to want to be the first to prod the Bank of Japan into a second wave of intervention. According to further analysis in the aftermath of Wednesday’s initial round of yen sales, the central ...

TOKYO (MNI) – In his parliamentary testimony this week, Bank ofJapan Governor Masaaki Shirakawa repeated his recent remarks that theyen’s strength will benefit firms and households in the long term byboosting Japan’s terms of trade but the BOJ will watch the short-termdrag from the rapid rise in the yen on exporter profits. He also told the lower house financial affairs committee onWednesday that global investor risk aversion had pushed up the value ofthe swiss franc, the yen and the U.S. dollar in that order in forextrade in the past month while the loss in the euro had been the largestamong major currencies. “The flight to safety basically comes from the recent weak U.S. andother ...

Being a forex day trader can be very lucrative. The currency market is by far the most liquid and volatile market in the world and with this come various opportunities. No matter what type of market you chose to day trade you must know the “personality” of the market you are trading. Every market has it’s own characteristics and it is important to know what they are before attempting to profit from it. The forex market is no different. In this article we will go over very important general day trading principles/rules and then we will see what a day trader has to recognize when specifically day trading the forex market. ...