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Thursday, November 12, 2009
New and Improved
It has been a really really long time since I posted anything related to FAP Turbo, but alas the time has come. This time around what I have for you is double the good news. Not only is there a new version of Fapturbo, but it now features a new currency pair you can […]
Final Correlation
Good morning everyone. I thought I’d post a friendly reminder to let you all know that the final Correlation Code webinar is happening today! So if you missed the other webinars, here is your chance to get in on the final one. I’m gonna be attending this one as I’m curious to find out […]
Tuesday, November 10, 2009
Correlation Code
hello. Got some news about the Correlation Code system. It is now SOLD OUT. Congrats to those of you who got a copy - hopefully the system lives up to its promises and brings you in a lot of pips. If you missed out for whatever reason, I’m afraid you’ll have to wait until […]
Final Correlation Is Today
hello everyone. I thought I’d post a friendly reminder to let you all know that the final Correlation Code webinar is happening today! So if you missed the other webinars, here is your chance to get in on the final one. I’m gonna be attending this one as I’m curious to find out […]
Currency Trader
I’m not sure how many of you read or have heard about Currency Trader Magazine, but I’d like nonetheless like to let you all know that their November issue is now out and available for download. By the way, I’m in no way associated with the company that publishes this magazine.
Go here to […]
Go here to […]
U.S. Forex Market
EURO The euro depreciated vis-à-vis the U.S. dollar today as the single currency tested bids around the US$1.4675 level and was capped around the $1.4785 level. Stops were hit below the $1.4690 level, representing the 61.8% retracement of the move from $1.4520 to $1.4965. Federal Reserve Chairman Bernanke spoke yesterday and made it very clear that the Federal Open Market Committee may reduce interest rates further on 11 December by being “exceptionally alert and flexible.” [..]
Monday, November 9, 2009
Forex Trading Tips
Hey everyone. I’ve complied a list of good tips that novice FOREX traders should all read. I hope it helps to make you a better trader. Take care.
Tip 1.
Gamblers go to casino. All unproved, spontaneous actions in Forex trading are a part of pure gambling. Any attempt to trade without analysis and studying […]
Tip 1.
Gamblers go to casino. All unproved, spontaneous actions in Forex trading are a part of pure gambling. Any attempt to trade without analysis and studying […]
New private investment program
Greeting fellow internet investors. Some of you might be interested in this. I am going to give 9 people the opportunity to join one of the HYIP world’s most exclusive Elite Investment Club. I was told by the administration crew not to discuss too much or to advertise the program too much as they don’t […]
InterbankFX No Dealing Desk Claim Is a Lie
If you go to InterbankFX’s homepage you just might notice how proudly proclaim their “no dealing desk” status. Yet how humorous and perhaps sadly tragic in that it speaks of something foul with this forex business that at the bottom of every e-mail they send out you see this statement - and better yet […]
Register to an MQL4 Course
Whew, now that is a long title! Basically as it says those of you who wish to actually learn to code EAs (Expert Advisors) can not only learn from the folks that made the famous PipBoxer EAs but you will also get these EAs for FREE. This seems like a pretty sweet deal. I’d […]
The Forex Autopilot System
Greetings fellow forex traders! How has the forex market been treating you lately? Making the big bucks? Good!
For the past 3 months I’ve been putting The Forex Autopilot System through its paces, and alas I think it is time to wrap up my performance testing. I would’ve continued the demo testing were it not for […]
For the past 3 months I’ve been putting The Forex Autopilot System through its paces, and alas I think it is time to wrap up my performance testing. I would’ve continued the demo testing were it not for […]
Sunday, November 8, 2009
Forex News
The Dollar was little changed against most of its major counterparts during yesterday's trading session, a day ahead of a key government jobs report that will shed light on the health of the U.S. economy. By yesterday's close, the USD fell slightly against the EUR, pushing the oft-traded currency pair to 1.4873. The Dollar experienced similar behavior against the GBP and closed at 1.6604. The USD did see some bullishness as well as it gained over 50 points against the JPY and closed at 90.67
Automated Trading
FOREXYARD's newly launched automated trading system, the Forex Strategy Automator or FSA for short, makes MT4 a dinosaur. Simply open an account with FSA and let the strategy work for you!
Forex Trading Exponential
To calculate a regular weighted moving average, a 10 day MA for example, you would take the closing price for the 10th day and multiply it by 10, the 9th day price multiplied by 9, and so on till the 1st day price. This total would be divided by the sum of multipliers - meaning for 10 days - 55. The EMA has helped make Forex trading technical analysis more accurate and flexible.
The exponential moving average is similar, only it is not linear, and it is adjustable by the trader, so he can give more or less weight to the recent prices.
One possibility for learning about the EMA more profoundly is using a forex trading system course, even though most traders usually get the basic idea of the indicators in pages like these, and then learn everything else while trading in demo accounts.
The exponential moving average is similar, only it is not linear, and it is adjustable by the trader, so he can give more or less weight to the recent prices.
One possibility for learning about the EMA more profoundly is using a forex trading system course, even though most traders usually get the basic idea of the indicators in pages like these, and then learn everything else while trading in demo accounts.
2010 Infiniti FX
The FX is also offered with available Intelligent All-Wheel Drive (standard on FX50), double-wishbone front/multi-link rear suspension and large 4-wheel disc brakes, along with available Continuous Damping Control (CDC)®, Rear Active Steer, Intelligent Brake Assist and 21-inch super lightweight aluminum-alloy wheels designed by Enkei.
Inside, the FX interior provides a warm, modern, inviting environment highlighted by a driver-oriented cockpit with intuitive controls, available sport seating and advanced audio, navigation and technology ranging from an 11-speaker Bose®-developed audio system to Infiniti Intelligent Key, available Intelligent Cruise Control (Full Speed Range) and available Around View Monitor system
Inside, the FX interior provides a warm, modern, inviting environment highlighted by a driver-oriented cockpit with intuitive controls, available sport seating and advanced audio, navigation and technology ranging from an 11-speaker Bose®-developed audio system to Infiniti Intelligent Key, available Intelligent Cruise Control (Full Speed Range) and available Around View Monitor system
Sunday, November 1, 2009
Expert Advisors
In order to make your own expert advisor you have to learn the MQL-4 programming language. If you already know C programming then MQL-4 will be very easy as they are quite similar. If you do not know either language, it would be prudent to take a course in C programming. Then, once you understand the structure of C language, MQL-4 will be a snap. If you are not a programmer, do not let this stop you from learning to make your own Expert Advisors.
The following web site has all the official documentation on the MQL-4 programming language.
The following web site has all the official documentation on the MQL-4 programming language.
Risk of Forex
The Forex is essentially risk-bearing. By the evaluation of the grade of a possible risk accounted should be the following kinds of it: exchange rate risk, interest rate risk, and credit risk, country risk.
Exchange rate risk. Exchange rate risk is the effect of the continuous shift in the worldwide market supply and demand balance on an outstanding foreign exchange position. For the period it is outstanding, the position will be subject to all the price changes. The most popular measures to cut losses short and ride profitable positions that losses should be kept within manageable limits are the position limit and the loss limit. By the position limitation a maximum amount of a certain currency a trader is allowed to carry at any single time during the regular trading hours is to be established. The loss limit is a measure designed to avoid unsustainable losses made by traders by means of stop-loss levels setting.
Interest rate risk. Interest rate risk refers to the profit and loss generated by fluctuations in the forward spreads, along with forward amount mismatches and maturity gaps among transactions in the foreign exchange book. This risk is pertinent to currency swaps, forward outright, futures, and options (See below). To minimize interest rate risk, one sets limits on the total size of mismatches. A common approach is to separate the mismatches, based on their maturity dates, into up to six months and past six months. All the transactions are entered in computerized systems in order to calculate the positions for all the dates of the delivery, gains and losses. Continuous analysis of the interest rate environment is necessary to forecast any changes that may impact on the outstanding gaps.
Credit risk. Credit risk refers to the possibility that an outstanding currency position may not be repaid as agreed, due to a voluntary or involuntary action by a counter party. In these cases, trading occurs on regulated exchanges, such as the clearinghouse of Chicago.
Exchange rate risk. Exchange rate risk is the effect of the continuous shift in the worldwide market supply and demand balance on an outstanding foreign exchange position. For the period it is outstanding, the position will be subject to all the price changes. The most popular measures to cut losses short and ride profitable positions that losses should be kept within manageable limits are the position limit and the loss limit. By the position limitation a maximum amount of a certain currency a trader is allowed to carry at any single time during the regular trading hours is to be established. The loss limit is a measure designed to avoid unsustainable losses made by traders by means of stop-loss levels setting.
Interest rate risk. Interest rate risk refers to the profit and loss generated by fluctuations in the forward spreads, along with forward amount mismatches and maturity gaps among transactions in the foreign exchange book. This risk is pertinent to currency swaps, forward outright, futures, and options (See below). To minimize interest rate risk, one sets limits on the total size of mismatches. A common approach is to separate the mismatches, based on their maturity dates, into up to six months and past six months. All the transactions are entered in computerized systems in order to calculate the positions for all the dates of the delivery, gains and losses. Continuous analysis of the interest rate environment is necessary to forecast any changes that may impact on the outstanding gaps.
Credit risk. Credit risk refers to the possibility that an outstanding currency position may not be repaid as agreed, due to a voluntary or involuntary action by a counter party. In these cases, trading occurs on regulated exchanges, such as the clearinghouse of Chicago.
NetTradeX 1.7.0 is released
New version of Trade Terminal NetTradeX 1.7.0 is released.
What's new:
- News Feed
- New style of User's Interface
- Persian (Farsi) and French interfaces
- 9 new graphical objects
- Improved program's performance
- Errors fixed
Forex trading ?
Discovered by John Bollinger, the Bollinger Bands is a simple moving average based tool that allows people in Forex trading to estimate the instabilities and trend in the Forex market. Let us have a brief look at the concept of Bollinger bands and how you can use it to improve your Forex trading strategy.
ICTS Software
Trade currencies on 2 pip spreads from the Dealing Rates Table or directly from real-time charts. You can set alerts, place conditional orders, and take advantage of our AFX news feed, live quotes, comprehensive real-time position and account tracking, and mobile trading access.
Currency Market
Contracts on Forex market within the IFC Markets are performed due to SPOT conditions. A spot transaction is a straightforward (or outright) exchange of one currency for another. The spot rate is the current market price or 'cash' rate. Spot transactions do not require immediate settlement, or payment 'on the spot'. By convention, the settlement date, or value date, is the second business day after the deal date on which the transaction is made by the two party.
Account Demo
You can evaluate all the advantages of our trade platform in full measure by opening a demo-account. Trading through a demo account is absolutely the same as on a real account. It allows you to perform all kinds of transactions, to use all types of orders and allows you to try trading without any risk of losing money. While trading on a demo-account you can gain experience, realize in action your trade systems and acquire necessary skills for working with the terminal.
To open demo-account you need to download, install and launch the trade terminal.
1. In the main menu of the program select point “File – Open new Account”
In the following window select “Demo account” – and press the “Next” button.
World Forex
TORONTO (Dow Jones)--The euro dropped to the $1.40 level against the U.S. dollar late Tuesday morning before rebounding modestly as the greenback continued to strengthen on risk aversion and month- and quarter-end flows. The dollar also advanced against the pound and the Swiss franc.
After reaching a high at $1.4153 in earlier trading, the euro slipped to a session low at $1.4000, according to EBS, before recovering slightly.
While the euro and other more risk-sensitive currencies had advanced against the dollar in early North American trading, the overall direction in currency markets changed as some discouraging U.S. data helped reawaken worries about risk and the outlook for the global economy, and equity markets shifted well into negative territory.
"It's been a little bit of a surprise, just in terms of the euro and some of the other currencies reversing some of their overnight gains, but I think at the end of the day it still comes down to that overall risk aversion theme," said George Davis, chief technical analyst for foreign exchange at RBC Capital Markets.
A favorable attitude toward risks and gains in some overseas stock markets helped the euro and other risk-sensitive currencies in overnight and early trading, but that shifted later in the morning as stock indexes slumped decisively into negative territory, he said.
"I think the direction of equity markets is still the key factor in terms of determining which way the currency markets move," he said.
Accompanying and influencing the move lower in stocks and the resurgence in risk aversion were some discouraging U.S. data releases.
The Conference Board, a private research group, said its index of consumer confidence for June fell to 49.3 from a revised 54.8 in May, which was originally reported as 54.9.
The current month's reading was well below economists' expectations of 56.0, according to a Dow Jones Newswires survey.
The S&P/Case-Shiller Home Price Index for its 20-city composite fell 18.1% in the year ended in April. Economists had expected an 18.6% decline. The 10-city composite dropped 18.0% in April.
Month- and quarter-end flows accentuated the U.S. dollar gains on Tuesday, market watchers said.
"There definitely are some month and quarter-end flows going through the markets," said RBC's Davis.
Ahead of high-risk events Thursday, including U.S. monthly payrolls and the European Central Bank policy meeting, traders may now be squaring their long-euro positions, which were built on risk appetite, said Greg Salvaggio, vice president of capital markets at Tempus Consulting in Washington.
Investors may be "getting out of outperforming markets and going into underperforming just to rebalance portfolios at the end of the month," said Chris Turner, head of foreign exchange strategy at ING Financial Markets in London.
Turner added that euro-zone M3 data released earlier showed very soft lending and reminded the market that the ECB liquidity measure last week was necessary and puts traders on edge ahead of the ECB policy meeting Thursday.
In late morning trading Tuesday, the euro is at $1.4019 from $1.4077 late Monday and at Y135.15 from Y135.22.
The dollar is at Y96.34 from Y96.04 late Monday in New York, according to EBS. The dollar is at CHF1.0862 from CHF1.0830 and from a session high Tuesday of CHF1.0891.
The pound, which hit an eight-month high at $1.6742 in earlier trading, is at $1.6448 after hitting a daily low at $1.6424 and from $1.6559 late Monday.
The pound gained after favorable housing market data, but retreated after a disappointing revision to the first-quarter contraction in gross domestic product that estimated it at -2.4% instead of the initial -1.9%.
It then sank even further as the general market tide turned against more risk-sensitive currencies and in favor of the U.S. dollar.
After reaching a high at $1.4153 in earlier trading, the euro slipped to a session low at $1.4000, according to EBS, before recovering slightly.
While the euro and other more risk-sensitive currencies had advanced against the dollar in early North American trading, the overall direction in currency markets changed as some discouraging U.S. data helped reawaken worries about risk and the outlook for the global economy, and equity markets shifted well into negative territory.
"It's been a little bit of a surprise, just in terms of the euro and some of the other currencies reversing some of their overnight gains, but I think at the end of the day it still comes down to that overall risk aversion theme," said George Davis, chief technical analyst for foreign exchange at RBC Capital Markets.
A favorable attitude toward risks and gains in some overseas stock markets helped the euro and other risk-sensitive currencies in overnight and early trading, but that shifted later in the morning as stock indexes slumped decisively into negative territory, he said.
"I think the direction of equity markets is still the key factor in terms of determining which way the currency markets move," he said.
Accompanying and influencing the move lower in stocks and the resurgence in risk aversion were some discouraging U.S. data releases.
The Conference Board, a private research group, said its index of consumer confidence for June fell to 49.3 from a revised 54.8 in May, which was originally reported as 54.9.
The current month's reading was well below economists' expectations of 56.0, according to a Dow Jones Newswires survey.
The S&P/Case-Shiller Home Price Index for its 20-city composite fell 18.1% in the year ended in April. Economists had expected an 18.6% decline. The 10-city composite dropped 18.0% in April.
Month- and quarter-end flows accentuated the U.S. dollar gains on Tuesday, market watchers said.
"There definitely are some month and quarter-end flows going through the markets," said RBC's Davis.
Ahead of high-risk events Thursday, including U.S. monthly payrolls and the European Central Bank policy meeting, traders may now be squaring their long-euro positions, which were built on risk appetite, said Greg Salvaggio, vice president of capital markets at Tempus Consulting in Washington.
Investors may be "getting out of outperforming markets and going into underperforming just to rebalance portfolios at the end of the month," said Chris Turner, head of foreign exchange strategy at ING Financial Markets in London.
Turner added that euro-zone M3 data released earlier showed very soft lending and reminded the market that the ECB liquidity measure last week was necessary and puts traders on edge ahead of the ECB policy meeting Thursday.
In late morning trading Tuesday, the euro is at $1.4019 from $1.4077 late Monday and at Y135.15 from Y135.22.
The dollar is at Y96.34 from Y96.04 late Monday in New York, according to EBS. The dollar is at CHF1.0862 from CHF1.0830 and from a session high Tuesday of CHF1.0891.
The pound, which hit an eight-month high at $1.6742 in earlier trading, is at $1.6448 after hitting a daily low at $1.6424 and from $1.6559 late Monday.
The pound gained after favorable housing market data, but retreated after a disappointing revision to the first-quarter contraction in gross domestic product that estimated it at -2.4% instead of the initial -1.9%.
It then sank even further as the general market tide turned against more risk-sensitive currencies and in favor of the U.S. dollar.
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