Economic Calender

Date (GMT) Country Event Actual Cons. Previous

Jul 31

05:00 Japan Housing Starts (YoY) (Jun) -16.7% -17.8% -6.5%

05:45 Switzerland Consumer Price Index (MoM) (Jun) 0.4% -0.4% 0.2%

05:45 Switzerland Consumer Price Index (YoY) (Jul) 3.1% 3.0% 2.9%

06:00 Germany ILO Unemployment Rate (Jun) 7.3% 7.4% 7.4%

06:00 United Kingdom Nationwide Housing Prices s.a (MoM) -1.7% -0.9%

06:00 United Kingdom Nationwide Housing Prices n.s.a (YoY) (Jul) -8.1% -6.3%

07:55 Germany Unemployment Change (Jul) -20K -20K -36K

07:55 Germany Unemployment Rate s.a. (Jul) 7.8% 7.8%

09:00 European Monetary Union Consumer Price Index (YoY) (Jul) 4.1% 4.1% 4.0%

09:00 European Monetary Union Unemployment Rate (Jun) 7.3% 7.2% 7.3%

12:30 United States Continuing Jobless Claims (Jul 19) 3155K 3107K

12:30 United States Employment Cost Index (2Q) 0.7% 0.7%

12:30 Canada Gross Domestic Product (MoM) (Jun) 0.2% 0.4%

12:30 United States Gross Domestic Product Annualized (2Q) 2% 1%

12:30 United States Gross Domestic Purchases Price Index (2Q) 3.6%

12:30 United States Initial Jobless Claims (Jul 26) 390 406K

12:30 United States Personal Consumption Expenditure (QoQ) (2Q) 1.4% 1.1%

13:45 United States Chicago Purchasing Managers' Index (Jul) 49.0 49.6

Aug 1

05:00 Japan Vehicle Sales (YoY) (Jul) -3.6%

n/a Germany Retail Sales (MoM) (Jun) -0.5% 1.3%

n/a Germany Retail Sales (YoY) (Jun) -0.7% 0.7%

06:30 Australia RBA Commodity Index SDR (YoY) (Jul) 37.8%

08:00 European Monetary Union PMI Manufacturing (Jul) 47.9 49.2

08:30 United Kingdom PMI Manufacturing (Jul) 45.5 45.8

12:30 United States Average Hourly Earnings (MoM) (Jul) 0.3% 0.6%

12:30 United States Average Hourly Earnings (YoY) (Jul) 3.4%

12:30 United States Average Weekly Hours (Jul) 33.7 33.7

12:30 United States ISM Manufacturing (Jul) 49.2 50.2

12:30 United States Nonfarm Payrolls (Jul) -75K -62K

12:30 United States Unemployment Rate (Jul) 5.6% 5.5%

14:00 United States Construction Spending (MoM) (Jun) -0.3% -0.4%

Aug 3

22:45 New Zealand Labor Cost Index (QoQ) (2Q) 0.8% 0.7%

23:50 Japan Official Reserve Assets (Jul) 1001.4B

Aug 4

01:30 Australia House Price Index (QoQ) (2Q) 1.1%

01:30 Australia House Price Index (YoY) (2Q) 13.8%

07:30 Switzerland SVME - Purchasing Managers' Index (Jul) 54.9

08:30 United Kingdom PMI Construction (Jul) 38.8

08:30 European Monetary Union Sentix Investor Confidence (Aug) -9.3

09:00 European Monetary Union Producer Price Index (MoM) (Jun) 1.2%

09:00 European Monetary Union Producer Price Index (YoY) (Jun) 7.1%

12:30 United States Core Personal Consumption Expenditure - Prices Index (MoM) (Jun) 0.1%

12:30 United States Core Personal Consumption Expenditure - Prices Index (YoY) (Jun) 2.1%

12:30 United States Personal Income (MoM) (Jun) 1.9%

12:30 United States Personal Spending (Jun) 0.8

14:00 United States Factory Orders (Jun) 0.6%

Aug 5

n/a United Kingdom Halifax House Prices (MoM) (Jul) -2%

n/a United Kingdom Halifax House Prices (YoY) (Jul) -6.1%

03:00 New Zealand ANZ Commodity Price (Jul) 0%

04:30 Australia RBA Interest Rate Decision 7.25%

07:55 Germany Purchasing Manager Index Services (Jul) 52.1

08:00 European Monetary Union Purchasing Manager Index Services (Jul) 49.1

08:30 United Kingdom Industrial Production (MoM) (Jun) -0.8%

08:30 United Kingdom Industrial Production (YoY) (Jun) -1.6%

08:30 United Kingdom Manufacturing Production (MoM) (Jun) -0.5%

08:30 United Kingdom Manufacturing Production (YoY) (Jun) -0.8%

08:30 United Kingdom Purchasing Manager Index Services (Jul) 47.1

09:00 European Monetary Union Retail Sales (MoM) (Jun) 1.2%

09:00 European Monetary Union Retail Sales (YoY) (Jun) 0.2%

14:00 United States ISM Non-Manufacturing (Jul) 48.2

18:15 United States Fed Interest Rate Decision 2%

23:01 United Kingdom Nationwide Consumer Confidence (Jul) 63

23:01 United Kingdom NIESR GDP Estimate (Jul) 0.2%

Aug 6

01:30 Australia Home Loans (Jun) -7.9%

01:30 Australia Investment Lending (Jun) -6.8%

05:00 Japan Coincident Index (Jun) 103.3%

05:00 Japan Leading Economic Index (Jun) 92.9

09:30 United Kingdom BRC Shop Price Index (YoY) (Jul) 2.5%

10:00 Germany Factory Orders n.s.a. (YoY) (Jun) -2%

10:00 Germany Factory Orders s.a. (MoM) (Jun) -0.9%

11:00 United States MBA Mortgage Applications (Aug 1) 1.3%

14:00 Canada Ivey Purchasing Managers Index (Jul) 69.6

14:35 United States EIA Crude Oil Stocks change (Aug 2) -0.1M

22:45 New Zealand Unemployment Rate (2Q) 3.6%

23:50 Japan Core Machinery Orders (MoM) (Jun) 10.4%

Aug 7

01:30 Australia Employment Change (Jul) 29.8K

01:30 Australia Unemployment Rate (Jul) 4.2%

06:00 Germany Trade Balance (Jun) 14.4B

10:00 Germany Industrial Production s.a. (MoM) (Jun) -2.4%

10:00 Germany Industrial Production s.a. w.d.a. (YoY) (Jun) 0.8%

11:00 United Kingdom BoE Interest Rate Decision 5%

11:45 European Monetary Union ECB Interest Rate Decision 4.25%

12:30 Canada Building Permits (MoM) (Jun) 1.1%

14:00 United States Pending Home Sales (MoM) (Jun) -4.7%

19:00 United States Consumer Credit (Jun) $7.78B

23:50 Japan Money Supply M2+CD (YoY) (Jul) 2.3%

Aug 8

05:45 Switzerland Unemployment Rate (Jun) 2.3%

05:45 Switzerland Unemployment Rate s.a. (Jun) 2.5%

11:00 Canada Net Change in Employment (Jul) -5K

11:00 Canada Unemployment Rate (Jul) 6.2%

12:30 United States Nonfarm Productivity (2Q) 2.6%

12:30 United States Unit Labor Costs (2Q) 2.2%

14:00 United States Wholesale Inventories (Jun) 0.8%

About The Forex Trading System and Market

Definition of FOREX (Foreign Exchange) Market

The foreign exchange (currency or forex) market exists wherever one currency is traded for another. Forex market is the largest market in the world, in terms of cash value traded, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions. Retail traders (small speculators) are a small part of this market may only participate indirectly through forex brokers or market maker or banks.

The Foreign Exchange

MarketAccording to the BIS study Triennial Central Bank Survey 2004, average daily turnover in traditional foreign exchange markets was estimated at $1,880 billion. Daily averages in April for different years, in billions of US dollars, are presented on the chart below:

With international trade, the currency of one country must be exchanged for that of another for settlement of a transaction. Institutions and corporations in the international market place oftentimes need a certain currency to complete a deal, or to guard themselves from the effects of currency swings and rate changes. This system involving the exchange of different currencies has created the Foreign Exchange market, or FOREX, or FX. and more correctly known as the Global Interbank Currency Exchange Market.Like stocks, gold and real estate investments, Foreign Exchange has become a very important tool for the investment community. Forex trading provides certain additional advantages:

Margin System You can enjoy the benefits of leverage on contracts up to fifty times your margin deposit. That is, with 1% of the absolute value of contracts, you can enter the largest marketplace in the world. As long as you are able to maintain your margin requirements on the full contract value, you can remain indefinitely in the market.

Maximum LiquidityBeing the largest market in the world with over $1.6 Trillion bought and sold daily, huge volume of transactions are readily executed and cleared. Unlike futures or the stock market, there is never a lack of buyers or sellers on the forex market. Therefore, it gives the investor the prerogative to open or close a position at will.Attractive PricingForex quotes are based on spot prices regardless of the transaction size. Prices are quoted on a net basis.

Effective ExecutionForex trade orders are executed and confirmed online or manually via a recorded phone call. Customers know immediately the rate at which the order is executed. Confirmed orders will always receive a single price execution.Flexible SettlementForex system contracts opened can be rolled over daily for an indefinite period subject to roll-over fees.Hedging ToolInvestors involved in international trade can minimize their currency exposure risks by using a Forex trading system

Operation Of The Forex Market

The International Forex Market is a non-physical market and has no central exchange. The major participants in this foreign exchange trading market are Central Banks, prime multinational banks, large corporations, brokerage houses and individual investors. Forex agents offer various services to investors, including financial analysis, information gathering and market situation updates. Most transactions are conducted via the telephone or through online forex trading system.

The high liquidity in the forex market is due to the enormous volume of transactions generated by the primary market called the "interbank market" where banks, large financial institutions, insurance companies and other large corporations deal with each other in huge quantities to manage their own currency risks. The secondary over-the-counter market, where retail clients participate in forex transactions, has benefited from this liquidity provided by the big institutions.

The growth of the average daily volume of Forex trading has been phenomenal and is now currently trading currency to the tune of $1.6 trillion a day, having grown 50% in the last decade from an already large $1.0 trillion a day in 1992. It reached a high level in 2001 with approximately $2.2 trillion but adjusted back to the current $1.6 trillion by 2003. This was likely due to the birth of the single Euro currency in place of the then existing 12 European currencies.

The largest part of the largest financial market in the world consists overwhelmingly of speculation, in the form of spot forex trades (95%). The remaining 5% consists of companies swapping currencies back to their home currency to repatriate profits, forwards moves, and all other transactions.

The Traded Currencies

The six major currencies of Forex dominate the overall market share. 76% of all trades have both currencies in the currency pair as a major, and more than 98% of all trades involve at least one major.

Both of these figures are well beyond what would be expected if foreign currency trading were based solely on the majors' share of world GDP (74.5%), demonstrating the value the majors command abroad relative to other currencies. Another way thinking about the majors' predominance in the currency markets is to compare the rest of the world's economic output (25.5%), to the less than 2% share of Forex speculation that does not have a major on either side of the currency pair.

The most common currency pairs are EUR/USD (30%), USD/JPY (20%), GBP/USD (11%), and USD/CHF (5%), which together totals 66% (two-thirds) of all Forex spot trades.

The Dollar, Euro, Yen, and Pound are the most traded currencies. The six majors combine for a huge bulk of the trading transactions in a single day. Corporations and banks have known this for years, and have often used Forex for hedging purposes. With the increase in global trade, multinational corporations have likewise used the forex market to manage their risk in changes in currency rates.(Source: SGFS; Bank of International Settlements, Triennial Central Bank Survey.)

Why Trade Forex?

The transformation of the world economy into a global dimension and the dawn of technological advancement create unprecedented opportunities particularly with the emergence of new markets with considerable growth potential. This scenario likewise underscores the fact that up-to-date information in this modern age is a valuable commodity made possible by breakthroughs in information technology. Now world events are digested in a matter of seconds providing the backbone for vital investment decision making. Among the most dynamic of the markets which is highly sensitive to political and economic changes is the Foreign Exchange Market (FOREX).

Whether we like it or not, radical changes in foreign exchange rates affect an individual's or institution's overall investment portfolio. If your holdings are all in US Dollars, you have chosen to hold the dollar and give up other major currencies. Indirectly, this makes you a currency investor. By investing in, and with, the US currency, then your portfolio becomes dependent on the integrity and value of the US Dollar. Without realizing it, this may have worked against you due to the decline of the value of the US Dollar against other major currencies.

The FOREX market provides the investor a valuable tool in managing the effects of the foreign exchange risk by taking advantage of fluctuations in exchange rates. It is a means by which one can readily access this global market 24 hours a day and be able to hedge his/her outstanding US Dollar-based holdings. In a time when the speed of business increases on a daily basis, you need the ability to react swiftly. This change has created a condition that may leave investors out of the game without being aware of lost opportunities or erosion in their capital assets.

Technical Analysis

Technical analysis is the examination of past price movements to forecast future price direction. Technical analysts are sometimes referred to as "chartists" because they rely almost exclusively on charts for their analysis.

Technical analysis is applicable to stocks, indices, commodities, futures or any tradable instrument where the price is influenced by the forces of supply and demand. Price refers to any combination of the open, high, low or close for a given commodity/security over a specific timeframe. The time frame can be based on intraday (tick, 5-minute, 15-minute or hourly), daily, weekly or monthly price data and last a few hours or many years. In addition, some technical analysts include volume and/or open interest figures with their study of price action.

Money managers, traders and investors who find ways to outperform the market must also remain flexible and innovative. A method that works today does not mean it will work tomorrow.

The Beginning of Technical Analysis

At the turn of the century, the Dow Theory laid the foundations for what was later to become modern technical analysis. Dow Theory was not presented as one complete amalgamation, but rather pieced together from the writings of Charles Dow over several years.

Technical analysts believe that the current price fully reflects all information. Because all information is already reflected in the price, it represents the fair value and should form the basis for analysis. After all, the market price reflects the sum knowledge of all participants, including traders, investors, portfolio managers, market strategist, technical analysts, fundamental analysts and many others. It would be folly to disagree with the price set by such an impressive array of people with impeccable credentials. Technical analysis utilizes the information captured by the price to interpret what the market is saying with the purpose of forming a view on the future.

A technician believes that it is possible to identify a trend, and market turning points, invest or trade based on the trend and make money as the trend, or turning points unfolds. Because technical analysis can be applied to many different timeframes, it is possible to spot both short-term and long-term trends.

The IBM chart below illustrates a view on the nature of the trend. The broad trend is up, but it is also interspersed with trading ranges. In between the trading ranges are smaller uptrends within the larger uptrend. The uptrend is renewed when the stock or commodity breaks above the trading range. A downtrend begins when the stock or commodity breaks below the low of the previous trading range.

What is more important than Why?

It's been said, "A technical analyst knows the price of everything, but the value of nothing". Technicians, as technical analysts as they are called, are only concerned with two things:

1. What is the current price?

2. What is the history of the price movement?

The price is the end result of the battle between the forces of supply and demand for any particular item. The objective of analysis is to forecast the direction of the future price. By focusing on price and only price, technical analysis represents a direct approach. Fundamentalists are concerned with 'why' the price is what it is. For technicians, the 'why' portion of the equation is too broad and many times the fundamental reasons given are highly suspect. Technicians believe it is best to concentrate on 'what' and never mind why. Why did the price go up? It is simple, more buyers (demand) than sellers (supply). After all, the value of any item is only what someone is willing to pay for it. Who needs to know why? You may never know why.

Many technicians employ a broad-based, longer term, macro, long-term analysis first. The larger parts are then broken down to base the final step on a more focused/micro short-term, perspective. Such an analysis might involve three steps:Broad market analysis through the major indices such as the S&P 500, Dow Industrials, NASDAQ and NYSE Composite, or Commodity Futures Index, or other broad indexes of various types.

Group analysis to identify the strongest and weakest groups within the broader market groupings, i.e. Indexes, Meats, Grains, Currencies, Metals, Energies,Individual analysis to identify the strongest and weakest within each group.The beauty of technical analysis lies in its versatility. Because the principles of technical analysis are universally applicable, each of the analysis steps above can be performed using the same theoretical background. You don't need an economics degree to analyze a market index chart or commodity group. Charts are charts. It does not matter if the timeframe is 2 days or 2 years. It does not matter if it is a, market index, currency or commodity. The technical principles of support, resistance, trend, trading range and other aspects can be applied to any chart. While this may sound easy, technical analysis is by no means easy. Success requires serious study, dedication and an open mind. Technical analysis can be as complex or as simple as you want it.Overall Trend:

The first step is to identify the overall trend. "The trend is your friend". This can be accomplished with trend lines, or moving averages, or both. A Moving Average (MA) is an average of data for a certain number of time periods. It "moves" because for each calculation, we use the latest "x" number of time periods' data. As long as the price remains above its uptrend line, or selected moving average or previous lows, the trend should be considered bullish. The trend theory holds that an uptrend remains intact as long as each successive intermediate high is higher than those preceding it and each reaction low stops and holds at a higher point than did earlier reaction lows. Conversely, a downtrend prevails when each intermediate decline allows prices to fall below previous lows and rallies fall short of earlier rally highs.

Support and Resistance Areas:

Support and resistance levels are unquestionably among the most important of all technical considerations. They are areas, which prices are expected to have difficulty moving above and beyond (resistance and support), and they therefore deserve especially careful considerations in buying and selling decisions. Support areas are areas of price congestion or previous lows, below the current price, which mark support levels. A break below support would be considered bearish. Resistance areas are areas of congestion or previous highs above the current price which mark resistance levels. A break above resistance would be considered bullish. The basic idea behind resistance and support theory is simply that price levels that were significant in the past will have significant impact on price action in the future.

Random Walk Theory:

The basic "random walk premise" is that price movements are totally random. Prices move at random and adjust to new information as it comes available. The adjustment to this new information is so fast that it is virtually impossible to profit from it. Furthermore, news and events are also random and trying to predict these (fundamental analysis) is also a lesson in futility. While there are some good points to be gleaned from the random walk theory, it appears to be a bit dated and does not accurately reflect the current investment climate. Random walk theory was introduced over 25 years ago when institutions dominated the market. These institutions had superior access to resources and the individual was at the mercy of the large brokerage houses for quality research. With the advent of online trading, power and influence are shifting from the institutions to the individual. Resources are now widely available to all at minimal cost, if not free. Not only can individuals access information, but the internet ensures that everyone will receive it almost instantaneously. They also have access to real time data and can trade like the pros. With the availability of real time data and almost instant executions, individuals can act on information like never before.

General Chart Analysis:

What Are Charts?

A price chart is a sequence of prices plotted over a specific timeframe. In statistical terms, charts are referred to as time series plots, usually containing the open, high, low, and closing prices.

Chart Patterns:

Much of our understanding of chart patterns can be attributed to the work of Richard Schabacker. His 1932 classic, Technical Analysis and Stock Market Profits, laid the foundations for modern pattern analysis. In Technical Analysis of Stock Trends (1948), Edwards and Magee credit Schabacker for most of the concepts put forth in the first part of their book. We would also like to acknowledge Messrs. Schabacker, Edwards and Magee, and John Murphy as the driving forces behind our understanding of chart patterns.

Pattern analysis may seem straightforward, but it is by no means an easy task. Schabacker states: *The science of chart reading, however, is not as easy as the mere memorizing of certain patterns and pictures and recalling what they generally forecast. Any general chart is a combination of countless different patterns, some being continuation patterns and some reversal patterns, and its accurate analysis depends upon constant study, long experience and knowledge of all the fine points, both technical and fundamental, and, above all, the ability to weigh opposing indications against each other, to appraise the entire picture in the light of its most minute and composite details as well as in the recognition of any certain and memorized formula.

To name just a few there are; Double tops and bottoms, Head and Shoulder tops and bottoms, Wedges, Flags, Triangles, Channels, Gaps (four types), Key Reversals, Island reversals, and more. There are also Candlestick charts which provide a different way of looking at, and analyzing, the same basic price data, open, high, low, and close. A few other tools used on charts are Trend Lines, Support and Resistance areas, percentage retracements, Fibonacci retracements, Time cycles, Elliot Wave Theory Analysis, Gann Analysis, and more. Technical Indicator Analysis:

There are many ways to crunch the numbers and endless combinations. Here is a list of some of the more popular Technical Indicators:
1. Accumulation Distribution

2. Advance-Decline lines and ratios

3. Arms Index (TRIN)

4. Bollinger Bands

5. Commodity Channel Index

6. Moving Averages (of various types)

7. Moving Average Convergence Divergence

8. McClellan Osc

9. Momentum

10. On Balance Volume

11. Parabolic SAR

12. Relative Strength Index (RSI)

13. Stochastic (fast and slow)

14. Volatility

Markets move on anticipation, and often reverse on realization! A twist on the old stock market adage buys the rumor, sell the news.Trade the expectation, reverse on the realization!

Fundamental Analysis

Aside from technical analysis, another primary approach to analyzing currency market fluctuations is called fundamental analysis. Fundamental analysis is the examination of economic indicators, asset markets and political considerations when evaluating a nation's currency in terms of another. The key to fundamental analysis is to gather and interpret this information and act before the information is incorporated into the currency price. The lag time between an event and its resulting market response presents a trading opportunity for the fundamentalist.

Here some major fundamental factors that can affect currency prices :
1. Decisions on interest rates made by central banks such as the US Federal Reserve or the European Central bank (ECB) monthly.
2. Quarterly GDP figures. Only preliminary national GDP figures generally have the effect of changing market sentiment.
3. Market sentiment data. Market expectations are formed from one week to two days before the event. Participants become well positioned based on expectations. If the figures are not a surprise, profit taking is often the only result.
4. Political Events. National elections, the September 11th attacks, and the war in Iraq are examples of events that have affected currency values.
5. Major indices. Inflation indices, Institute of Supply Management (ISM) in the US and the Purchasing Management Index (PMI) in Europe are also carefully followed by traders.
6. National industrial production figures.
7. US nonfarm payrolls (indicating new jobs created), Michigan sentiment figures in the US, the western German business climate or IFO index, and the Tankan quarterly survey in Japan.

There are times that governments through their Central Banks stand in the way of market forces impacting their currencies, and hence, intervene to keep currencies from deviating markedly from undesired levels. Currency interventions have a notable and oftentimes temporary impact on FX markets. A central bank could undertake unilateral purchases/sales of its currency against another currency; or engage in concerted intervention in which it collaborates with other central banks for a much more pronounced effect. Alternatively, some countries can manage to move their currencies, merely by hinting, or threatening to intervene.

Online Forex Currency Exchange Trading FAQs

What Is Foreign Exchange?

The Foreign Exchange trading market, also referred to as the "Forex" market, is the largest financial market in the world, with a daily average turnover of approximately US$1.9 trillion. Forex is the simultaneous buying of one currency and selling of another. The world's currencies are on a floating exchange rate and are always traded in pairs, for example EURO/USD or USD/CHF.

Who Are The Participants In The FX Market?
The Forex market is called an 'Interbank' market due to the fact that historically it has been dominated by banks, including central banks, commercial banks, and investment banks. However, the percentage of other market participants is rapidly growing, and now includes large multinational corporations, global money managers, registered dealers, international money brokers, futures and options traders, and private speculators.

What Is Margin?
Margin is required collateral for taking a forex trading position. It allows traders to take on leveraged positions with a fraction of the equity necessary to fund the trade. In the forex market leverage ranges from 1% to 2%, giving investors the high leverage needed to trade actively whereas equity market only provides leverage of 50% (double the buying power).

What Does It Mean Have A 'Long' Or 'Short' Position?
A long position is one in which a forex trader buys a currency at one price and aims to sell it later at a higher price; the investor is benefiting from a rising market. A short position is one in which the trader sells a currency in anticipation that it will depreciate; the investor is benefiting from a declining market. The risk of having either long or short position will be the same.

How Do I Manage Risk?
The most common risk management tools in forex online trading are the limit order and the stop loss order. A limit order places restriction on the maximum price to be paid or the minimum price to be received. A stop loss order ensures a particular position is automatically liquidated at a predetermined price in order to limit potential losses should the market move against an investor's position. The liquidity of the Forex market ensures that limit order and stop loss orders can be easily executed. Please see Risk Statement.

Trading FAQ

What Is Limit Order?
A limit order is an order with restrictions on the maximum price to be paid or the minimum price to be received. As an example, if the current price of USD/YEN is 112.00/05, then a limit order to buy USD would be at a price below 112.05. (ie 111.50).

What Is A Stop Loss Order?
A stop loss order is an order type whereby an open online forex trading position is automatically liquidated at a specific price. As an example, if an investor is long USD/YEN at 112.35, they might wish to put in a stop loss order for 111.75, which would limit losses should the dollar depreciate, possibly below 111.75.

What Is A Position Order?
Position orders are directly related to individual positions. These forex currency trading orders are only active for as long as the position remains open and can be a stop loss or limit order.

FX VIRTUAL TOUR

Thanks for your interest in the Foreign Exchange (FX or FOREX) Market. I would like to give you a closer look of the forex market and how it can work for your investments. Contact me for a personal meeting. I am quite sure that i am capable enough to discuss this exciting investment opportunity with you anytime. Meanwhile, take a look at this presentation to give you a basic idea of the FOREX market.