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what is a "good faith money"?
"good faith money " is The deposit of money into an account by a buyer to show that he or she has the intention of completing the deal. In most cases, the deposit amount will be a percent of the amount owed. The money in an account can also be known as "margin" or a "performance bond", depending on the type of transaction. An example would be a homebuyer depositing money into an escrow account. When this is done, the seller of the home knows that the buyer will fulfill the terms of the contract and make the purchase. Visit CMC Markets

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structure of forex market

First what is Forex: The FOREX or Foreign Exchange market is the largest financial market in the world, with an volume of more than $1.5 trillion daily, dealing in currencies. Unlike other financial markets, the Forex market has no physical location, no central exchange. It operates through an electronic network of banks, corporations and individuals trading one currency for another.
The Forex, or foreign currency exchange, is all about money. Money from all over the world is bought, sold and traded. On the Forex, anyone can buy and sell currency and with possibly come out ahead in the end. When dealing with the foreign currency exchange, it is possible to buy the currency of one country, sell it and make a profit. For example, a broker might buy a Japanese yen when the yen to dollar ratio increases, then sell the yens and buy back American dollars for a profit.
In the beginning countries would trade with each other using the barter system. If one nation needed lumber but had cattle, they would trade one product for another. This was pure trading. This type of economy has many limitations, but served mankind well for many centuries. However, nations quickly saw the benefit of having a system of exchange, and while some cultures used pretty rocks, or animal teeth, precious metals quickly became established methods of exchange. God and silver were the most popular. Initially gold and silver coins were used, and in fact the name of the British standard currency, the pound sterling, came from the Hasterling region where gold coins were made, and originally meant coins of the Hasterling’s. Up until World War I most nations had central banks that supported the value of their currencies and most used gold as the standard. Paper money was printed and it legally could be exchanged for gold but this did not often happen. Since it was rarely converted, some banks and some nations believed they no longer needed to keep reserves of gold in their vaults, as the US once did with Fort Knox. Inflation then occurred.
Near the end of World War II a conference known as Bretton woods had many nations reach an agreement on a reserve currency system based on the US dollar. The World Bank and other organizations agreed, and a fixed exchange rate system was reached. The value of the dollar was fixed on a certain amount of gold, and other currencies were fixed on value to the dollar. Currency trading after this however has evolved and currencies have grown in value, and gone down in value, leading to fluctuation.
Today traders take advantage of the fluctuation in value among currencies through the forex or foreign currency markets. It is quite common to see a trader who suspects that the value of the Euro will go up against the yen or the dollar and follow the old axiom of “buy low and sell high.” On of the ways this is done is through margin trading. With margin trading a trader doesn’t have to have all the money in an account that is being traded. If a trader has 10,000 and works with a one percent margin, he is able to trade $100,000 in currency. This adds great leverage to the trade and makes forex trading very attractive to many who are looking for a large and quick return on their investments. Forex traders are also attracted to the low costs associated with trading since most trades are without commission. The fact that there is a 24 hour trading cycle is also attractive to many. Traders have opportunities for large profit, but they also have risk inherent. An aggressive trader may experience profit and loss swings of up to 30% in a day. This can be 30% to the good, or to the bad, so forex trading requires education and courage as well as capital. However there are no daily limits and no restrictions on trading hours other than the weekend when markets are closed. For this reason there are always opportunities. Money will always be made.
Some nations in the past have complained about hedge funds and other large institutions involved in forex trading, saying that they have intentionally devalued their currencies to make quick profits. George Soros, the famous billionaire who is involved in politics, has been accused of this practice by the government of Indonesia. Whether it is true or not, and if true whether it should or should not be done is not for this article. However, when institutions control such large amounts of money, the chance of manipulation does exist. As long as foreign currency is traded, there will be such accusations. However, the forex market remains a way to achieve substantial financial gain.
There is a wealth of opportunity in the Forex Market. Millions will be made by millions but of course the contrary is also true unfortunetaly. Always be cautious and do not mortgage the farm.

forex rading softwere -how it can help us

As a newcomer to forex trading, it is quite natural for you to look for guidance in forex trading. If that’s the case, look no further than Forex Trading Software. It will provide you with signals and indicators that will help you to identify the buying and selling points of a currency in the forex market. You may think that with the Forex trading software, you may have to do almost nothing. The truth is - Your role of trading actively in the forex market is marginalized but not minimized to 0.
What are the special features of the Forex Trading Software?


Stop Loss and Take Profit Rates - When you invest $1000 in the forex market on a currency pair, you would want to limit your loss or book your profits when you have achieved the targets. A good forex trading software will allow you to set your loss margin and profit margin. That is, you could set a trading bandwidth of $900 to $1500. Essentially, your deal will not move further if the price of your trade moves below $900 or above $1500.
Freezing Rate - Let us assume you have invested $500 on the EURUSD pair on an Ask Rate of 1.4432 EUR. As you monitor the price movements, you see the price of EUR has risen up to 1.556 EUR. This is where you would want to wait and see if the price goes up further or comes down. You could place a Freeze on this rate (Also known as the Freezing Rate). You can come back and irrespective of what the Forex Rate for EUR is at that time, you could finalize the deal.
Forex Signals - Most good forex trading software provide forex signals to the traders. One of the toughest things for traders to estimate is when to enter or when to exit the market. The forex trading software is one such tool that gives you forex signals and indicators for traders to enter and exit the market. This helps the traders to minimize the possibility of their loss.
Some words of caution before you Choose Forex Trading Software

Beware of fraudulent Forex trading software - considering the demand for Forex Trading, a lot of old forex traders have come up with their own Forex Trading software. Though, some of them are credible in their functionality, some of them cheat traders by giving outdated quotes and wrong signals. Please understand that you would need to have live and almost latest quotes for you to make informed decisions in the forex markets. Any software that gives you this is a good software.

Use Forex Trading Software only when you start trading - Forex Trading Software is a very good but when you start trading. This is the time when you need a good footing on Forex terms and the forex market itself. Once you spend time in the Forex Market, I would encourage you to look at the Forex Signals and Forex Charts all by yourselves. Remember, at the end of the day, it is your analysis of the situation that will help you being profitable.
Forex Trading Software is not such a bad deal after all. You would take a software with both hands if they are able to give you stop-loss or freezing rates on your trade. Apart from that, this software also gives you forex signals for you to make informed decisions to buy or sell a currency. Do your research and invest on a good forex trading software, it will surely be profitable.

just what is quantiative easing

Quantitative Easing?
Just what is Quantitative easing? It is a term heard frequently when referring to actions by the US Federal Reserve. The frequently used term is composed of two words, Quantitative, which refers to the money supply and easing, which means to increase the money supply. It is a tool of monetary policy and means that a central bank or government prints new money to increase the supply. The move by the Fed is bound to have an effect on the Interbank Forex market but to what extent is unknown at this time.

Fed Slashes Rates
On Tuesday the Federal Reserve cut overnight rates to zero to 0.25 %, an unconventional action meant to lift the economy out of a year-long recession. Doug Roberts, chief investment strategist at Channel Capital Research.com stated, “The message is they’re instituting quantitative easing on a fairly large scale.”

How it Works
Under quantitative easing, the Federal Reserve will flood the banking system with new money to promote lending. The action is usually taken when lowering interest rates is no longer effective because they already are at or near zero.


Central banks add cash by buying up large quantities of securities, mortgages, government debt, commercial loans, and even stocks from banks and financial institutions giving them plenty of money to lend. The Fed hopes the move will ‘prime the pump’ of the Interbank Forex market and get banks lending again.

Easing of Frozen Credit Markets
Recently the tool has been used by Japan to stimulate the economy and to fight inflation. Much of the global economic crisis is caused by frozen credit markets. Many corporations find themselves unable to secure loans necessary for day to day operations. The credit crunch has adversely affected the Interbank Forex market and banks have been unwilling to lend to each other.


Quantitative easing helped Japan to stimulate their economy and to make sure there was no shortage of liquidity. The Fed hopes it will do the same for the beleaguered US economy and stimulate lending on Interbank Forex markets.

Information About Choosing Forex Software

If you are going to jump into the online Forex trading game then make sure that you have software that will not let you down. It is important to have a platform that gives you correct information about prices and makes Foreign exchange trades fast and with ease. The 2 types of Forex software that are available are those that are web-based and those that are client-based.

Also be sure that you have a fast Internet connection because this market moves pretty quickly. If you are using a dial-up connection and want to do online forex trading, then think again.

Client-based software is just as good as any other but it can only be accessed on the computer that you install it to. The advantage of using web-based software is that you can use it on any computer with the simplicity of logging onto a server. This type of software is also more secure and is less likely to acquire viruses.

Always be certain that the software you choose provides quotes in real time and that it has the capability of buying and selling with speed. Also be sure that your software is always up-to-date, because even the smallest change in the program can make a difference in how well you trade.

It is recommended that beginners first learn the market and take small risks to become familiar with it. Once you are certain that you want to play the game, then find the software that is right for you and start to get serious. Always remember that it takes money to make money, so do not enter the market with hesitant feelings.

somo important tips about the fors trading

Better strategy to win the forex trading game is picking a forex trading system and sticking to it. Try to follow the guide lines and look for long term trends in the currency market. A perfect trader in forex is one who can understand these factors and feel the pulse of the market before striking gold.

Forex stand for Foreign Exchange Market (FX) which is always marked for its geographical dispersion. Currencies from all over the world are bought and sold for profit in the forex market. Investors are the real players in forex trading. Forex market welcomes the investors of all income size and any background. If you are thinking to make profit in the forex market you should have a sound knowledge of the currency market.

To start your global Forex trading you need to open a Forex account first. Just fill in the application form and sign the margin agreement which let’s the broker intervene at any time. Here are some tips one must know before dealing with the forex trading or forex exchange

Know your forex trading market

Know about the currencies that you want to trade with. Try to get the details about the country whose currency you’re trading in the forex market. The more you know about the country more profit you can make, currency you are trading with. With the knowledge of the country you can better understands the strategies of the market and will be able to predict the movement of the money.

Pick a forex trading system - and stick with it

The better strategy to win the forex trading game is picking a forex trading system and sticking to it. Being a forex trader one should analyze the market and certain calculated risks associated with the market. Market analysis is based on technical analysis which is the interpretation of facts and data based on the data generated by the market. Fundamental analysis seeks to trace out the factors and conditions which influence the market economy and play a pivotal role in altering opinions. Several economic, political, social events affect the forex and its workings. A perfect trader in forex is one who can understand these factors and feel the pulse of the market before striking gold.

Practice makes one perfect

Practice makes one perfect whether it is forex trading or some other field. Take some time to be a smart player of the currency trading game. If you are not making profit initially, never make a rush.

Keep your eye on the margin

If you are not properly aware of the margin trading try to keep away. It is often said to be a great way to lose a lot of money quickly. Stay away from forex margin trading until you are not properly aware of it. In forex trading, the bottom line is how much money you made at the end of the day.

One should try to start with Micro Forex

Micro forex is a boon for the beginners in the forex trading. With the help of micro forex trading, a novice with limited knowledge can make profit in the forex trading market.

Try to Keep the Trading System Simple and look for Long Term Trends

Your trading must be as simple as possible. Try to follow the guide lines and look for long term trends in the currency market. Analyze the market efficiently and then invest.

Forex is the largest market place of Currency trading. While currency trading in Forex Market or dwelling over currency market, one should mull over the present scenario and future prospects of the country, currency of which he is trading.

Forex: What should you look for in a trading training course?

The more knowledgeable you are the more chances you have to start a winning career. There is no alternative to practice and there are no short cuts to success. You have no other way but to perfect your learning and put it to application. It is rather stupid to start trading with real money before you know the basic pitfalls of the business. Do not hurry and remember the old saying–slow and steady wins the race. Demo account is there for you to do as much practice as you like.

The ideal way to test a trading method and a trading training course is when you stick to it no matter what happens. Therefore write down your chosen plan and method and do not leave it too soon. Confidence in trading can only come from repeated practice and ensure that you do not lose your trading account. If you prepare yourself like this, investment is free from devastating losses.
What should you look for in a trading training course?
The source of the education program ought to be reliable and trustworthy. The best coach is one who has burnt his fingers in this trade and has subsequently come out successful. Robert Minuchin is one such veteran with solid hands-down experience in this field since 1974, and his trading courses have helped millions to make millions. He makes the entire business of trading easy to learn and apply. Thus the take-home message is that never to jump the gun and start dealing with real money unless you have mastered the art through demo accounts.

Basic thing to know about forex options

Occasionally I will post some things that are intended for those who are getting started in Forex trading, because there are plenty of beginners out there who still need to know the basics.

Over at investopedia.com there is a very informative article that will help clarify the difference between traditional forex options and alternative options. The main advantage of trading options is that they limit the amount of risk that one takes and increase the potential for profit.

The first type, which is call/put, is an option that gives the buyer the opportunity to purchase with no obligation whatsoever. The only risk involved with this type of option is the loss of the premium (in the case that the forex value drops below the original price).

The other type, which is SPOT (single payment options trading), works a little differently. In this case, a trader will create a scenario where a certain currency value will change in a certain amount of time. If the scenario successfully takes place, then the forex option is automatically changed into a cash payout.

Check out the article by visiting www.investopedia.com/articles/trading/04/101304.asp. Options are a great way to play the game without risking your entire savings, so be sure to do your research and start enjoying forex options with your fellow traders.

Markets

Friday, 1 May 2009
LONDON, May 1 (Reuters) -
Britain's top share index was flat by the close of holiday-thinned trade on Friday as gains in miners offset profit-taking in energy and defensives following sharp gains the previous two sessions

FXConverter,,,,,,,,..............

FXConverter is a multilingual currency converter for over 164 currencies and 3 metals. It uses daily OANDA Rates®, the touchstone foreign exchange rates used by corporations, tax authorities, auditing firms, and financial institutions. These filtered rates are based on information supplied by leading market data contributors



Instructions:

Choose your language from the list in the upper right corner. (English is the default.)


In the left scrolling list, choose the exchange unit you want to convert from. Drag the scrolling arrows to scroll through all selections. (All exchange units are listed with the name of their country first. For example, the "Peso" for Mexico is listed as "Mexican Peso.")





In the right scrolling list, choose the exchange unit you want to convert to. Drag the scrolling arrows to scroll through all selections.




(Optional) To convert a specific amount, click over the text box next to the"Convert Amount" text and type the amount. The default is 1 unit.




(Optional) To convert using the historic rate for a particular date, click the calendar icon beside the date field (or type in the date using the displayed format).




(Optional) By default, the conversions use an interbank rate generally not available to the public. To avoid disappointment, choose a percentage add-on from the Interbank rate pull-down list to approximate the spread charged by your financial institution.




Click the "Convert Now" button to see the conversion.
To customize the FXConverter (for example, to use a particular language or to show only particular exchange units), click the "Personalize" button

The Traders Club

Want to earn $2000 to $10,000 monthly?

The Traders Club Review
If you are fade up with your job or want to create extra income to enjoy the holiday then you have to look at The Traders Club.

What is Traders Club?
The Traders Club is not a robot or some fancy software. It does not give you ready made picks. It is the educational system with a difference.

You may find lots of educational system that teaches you many things (mostly theoretical) about forex whereas Traders Club teaches you the practical aspect of forex. Their teaching style is different. They allow every members to see how forex pro trade, what method they use, what precautions they employ if trend goes against them etc. as a member, you will see actual transactions carried out by the professional forex and how they earn more than $1000 daily.

Apart from this actual peek in to the trading room of professional forex traders, Traders Club also has many videos and other materials which will help their member to better understand the particular strategy or concept.

G-7 System
This is the unique system developed by The Traders Club for trading different pairs of currencies. The system is so flexible that it can be used for large trading account like Banks and Mutual funds as well as trading small account of individual and small businesses.

Three principals system
If your aim is to double or triple your investment in forex market then they have developed Three princip0al system. This system if implemented correctly will double or triple your investment in vary short time period.

Day Trading

With interest rates falling, credit being crunched and the housing market threatening to put people into negative equity, it's understandable that many of us are starting to wonder if there's anyway to make money other than the 9-5 daily grind. Yes there is, and it's called day trading.

The chances are that at sometime in the past you'll have looked at all of the money that's been made on stocks, futures and currencies and wondered how you could get in on the action too. Some of you may even have dabbled with buying a few shares and leaving them over the long term to secure your future when you retire, and then just forgotten about them for the simple reason that they are a long term investment, but, did you know it's possible to make vastly more money if you take the same principal and compress it down into a day, or even several sessions in a day?

Free Forex Range Trading System

With some trading systems there are many types of trades that you can take. In learning a system it is important to separate the types of trades and practice them individually.This is like eating an elephant. The thing is so big, you will never eat it all in one bite or even at one sitting. You need to divide it up in pieces.And that is how you conquer learning a trading system, divide it up into trade types and practice them one trade at a time.