4740-4670 seems strong support for GBP for it to go back to 5140 area.GBP and USD are eyeing the timing for interest rate hikes.Greece issue might keep Euro under pressure but ultimately can take correction upto 1040 and 1296.Note: Ticker updated April 01,2015.Consultancy for Interest-Free FOREX TRADING
What is FOREX?
- • It is the simultaneous buying of one currency with the selling of another or vice versa.
- • The system by which one currency is converted into another, enabling international transactions to take place without the physical transportation of currency
- • The FX market is the largest financial market in the world. It is estimated that around 5 trillion in dollar value is traded per day worldwide
Business concept of the 21st Century
- • FOREX Trading- Foreign Exchange
- • FOREX as a pure example of E-Commerce
- Advantages
- 1. 24 hour market
- 2. Low transaction costs
- 3. Numerous trading opportunities
- 4. Superior liquidity
- 5. Higher leverage
Industry Analysis
- • The Forex market is essential to the global economy
- • It was exclusive preserve of central banks, and the largest commercial and investment firms.
- • In 1997 it was deregulated, which opened the doors for money brokers, registered dealers and speculators.
Players of FOREX Trading
- • Banks, both central and private participate in the FX market worldwide
- • Other participants include Hedgers (people who play both sides of the market to protect their product travelling from one country to another)
- • Speculators who trade to earn a profit
Comparing FOREX Trading with other Investments
- • FX trading is performed electronically 24 hours 5 days a week between networks of banks
- • FX trading is much larger and more liquid, which means faster and better order execution
- • Fewer tradable to learn
- • Equal profit potential in up and down markets
- • Manipulation against the small trader is not possible
- • Less amount of money needed to start and maintain a trading account
- • Higher leverage
- • The FX Spot market has no expiring contracts, forward exposure, clearing fees or commissions.
* Without proper risk management, currency trading has a high degree of leverage
which can lead to large losses as well as gains.
