Welcome to Forex Trading Guide
Forex Trading Mentoring Article
This is a selection made from among articles on Forex Trading Mentoring. For a permanent link to this article, or to bookmark it for future reading, click here.
Forex Currency Trading: The 1.5 Trillion Dollar Market
from:
Trading activities during early times commenced the conduct of different commercial activities, which lead to the development of early civilizations. Trade, as defined during our economics class way back in the secondary and collegiate years, is basically the exchange of goods or services at an approved exchange rate (for instance, you will trade 1 dozen of orange in exchange for a piece of silver coin).
Long before the money, which is now called the “trading medium” for most of the transactions today were introduced, trade is widely conducted and considered to be an integral part of the lives of people in early times. One of the recorded trading activities in history is the expedition that was dispatched by Queen Hapshetsut of Egypt from 1501-1479 B.C. in quest of valuable goods such as myrrh, gold, incense, ebony, and other valuable woods. The expedition arrived on Ethiopia, where the Puntites (the people living in the Ethiopian region), gladly traded their incense, ebony, and other valuable items in exchange for the animal skins, eggs, and several wild animals brought by the Egyptians.
The use of currency as a trading medium started after the rise of the renowned Aksumite Kingdom in northern Ethiopia. The kingdom realized the importance of trade for the growth of their commercial activities, thus it lead to the issuance of their own currency (the gold, silver, and bronze). From then on, currency is used for various trading activities in their commercial market.
Currency is the eminent trading medium of present commercial activities nowadays, although it does not lose its essence. In the same manner that you can trade silver coins and fruits, currencies can also be exchanged for one another as well. And that is what Forex currency trading is all about.
Forex currency trading is the largest financial market in the world, with over 1.5 trillion dollars in turnover daily. It involves purchasing and selling of a foreign currency for one another at an agreed exchange rate. The huge estimated turnover amount of the Forex market is due to the participation of various Forex traders from different countries around the world in the process and the conduct of the trading process (24 hours a day, 7 days a week) to accommodate all potential trades between different countries.
In addition, the tremendous turnover amount circulating in the Forex currency market is more than the combined turnover amount of the all the stock markets around the world (be it futures, forwards, or options), which leads to a very liquid market. When a market is said to be “liquid”, it does not have a fixed exchange, thus making it desirable for different individuals or entities to participate in Forex currency trading.
According to the Bank for International Settlements, 90 percent of different foreign currencies are traded against the United States’ Dollar. Other most-traded currencies are the Euro (37.6 percent), Japanese Yen (22.7 percent), Pound Sterling (13.2 percent), and the Swiss Franc (6.1 percent). Typically, the foreign currencies are traded in pairs and exchanged for another pair of currencies when traded within an agreed rate which is called the exchange rate. The rate varies according to the trading season, the volume of foreign currencies to be traded, and other eminent factors as well.
Given the huge tremendous turnover amount circulating in the market as well as the trading process, Forex currency exchange is said to be another golden opportunity to earn and take part to the market’s 1.5 trillion dollars worth of circulating turnovers.
Forex Trading Mentoring News
EURGBP trade setup 2012.02.10 - FX Empire
EURGBP trade setup 2012.02.10 FX Empire Enter your e-mail address and read FX Empire content directly from your inbox. We value your privacy. Your e-mail address will not be shared. Vladimir Ribakov is a well known professional trader and highly respected trading mentor. |
Trade Setup for USDJPY February 09,2012 - FX Empire
Trade Setup for USDJPY February 09,2012 FX Empire Enter your e-mail address and read FX Empire content directly from your inbox. We value your privacy. Your e-mail address will not be shared. Vladimir Ribakov is a well known professional trader and highly respected trading mentor. |
GBPJPY Trade setup 2012.02.08 - FX Empire
GBPJPY Trade setup 2012.02.08 FX Empire Enter your e-mail address and read FX Empire content directly from your inbox. We value your privacy. Your e-mail address will not be shared. Vladimir Ribakov is a well known professional trader and highly respected trading mentor. |
EURUSD trade setup for February 08, 2012 - FX Empire
EURUSD trade setup for February 08, 2012 FX Empire Enter your e-mail address and read FX Empire content directly from your inbox. We value your privacy. Your e-mail address will not be shared. Vladimir Ribakov is a well known professional trader and highly respected trading mentor. |
Now Anyone Can Learn to Make Money in the Stock Markets - San Francisco Chronicle (press release)
Now Anyone Can Learn to Make Money in the Stock Markets San Francisco Chronicle (press release) Revolutionary Trading is a premier education firm in teaching individuals how to make a consistent income through trading and investing in the stock, futures, forex, and other markets. Backed by over 30 years of trading experience and 15 years of ... |
AUDUSD Trade Setup February 07,2012 - FX Empire
AUDUSD Trade Setup February 07,2012 FX Empire Enter your e-mail address and read FX Empire content directly from your inbox. We value your privacy. Your e-mail address will not be shared. Vladimir Ribakov is a well known professional trader and highly respected trading mentor. |
New Forex Education Company Forms Teaching Price Action Trading - Wire Service Canada (press release)
New Forex Education Company Forms Teaching Price Action Trading Wire Service Canada (press release) A new company has been formed to meet the growing needs of the Forex Market, (Forex meaning Foreign Exchange) this where currencies are exchanged between countries, once the domain of only big players like Banks, Fund Managers and Government ... |
Of security and women assaults - The Times Group (blog)
Of security and women assaults The Times Group (blog) The horrible part of the infamous gender violence are allegations that some civilian and uniformed police officers witnessed the incidents and never intervened timely as expected of patriotic law enforcers who are mentored and inspired by the best IG ... |