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currency trading Thursday, 9 June 2011 Ownership Page Friday, 7 January 2011 E currencies and money part 3 – money, investment, payment system, or all of the above? Parameter name: request Translate Request has too much data Parameter name: request Wikipedia defines money by its use as "a medium of exchange, a unit of account, and a store of value." Currency is but one form of money, and fits in the first category of this definition. Currency is also the smallest component of what economists define as the "money supply." The money supply includes different components such as credit, deposit accounts, and the like. Since virtually all e-currencies are used as units of value in exchange for goods and services, virtually all of them qualify as money and as currency. I further am of the opinion that Visa(tm) and MasterCard(tm) dollar units are also currencies, though the companies don't like you to think of it this way (this view may be controversial to some). In fact, credit card accounts are the most widely used e-currencies in circulation today. I will go further and state that the distinction between currency and e-currency is, in fact, virtually zero in today's electronic world. The more interesting distinction is between government-issued (call them "public") currencies and those that are issued by private companies (call them "private"). With the introduction and widespread adoption of PayPal, private (e-)currencies suddenly became a hot topic. PayPal was one of the first private currencies tied neither to a government nor to a credit card issuer. But, private currencies are certainly nothing new. The original currencies in existence in the United States were in fact privately issued "Bank Notes" issued by banks in the US. They served a very important purpose in the early days of this country, since they had value independent of whether the US continued to exist as an independent country. (Go visit a coin shop and you can see some of these interesting documents.) The original US bank notes were generally backed by a precious metal - in fact, they were often gold or silver certificates that could be exchanged for the precious metal at the bank if you wished. A bank account was a stash of gold for which you were given certificates. The US government later issued their own currency, and these were also gold or silver certificates. Those days didn't end until 1972, when the US "went off the gold standard" which pegged the value of a US dollar to a certain amount of gold. Up until that time, the US government was required to back up the value of its money with gold held in depository facilities around the country. Fort Knox is the most well-known of these facilities, but by no means is it the largest. It is in this context that we must look at the private e-currencies in circulation today. All currencies are backed by something which establishes its value. The easiest to understand are gold-backed currencies. The units of value of such a currency is tied to some amount of gold held in reserve someplace "safe." You can in fact still purchase gold certificates, just not from very many governments. Usually they are issued by gold-mining related companies who will issue a certificate to represent ownership of gold held in their vaults ("paper gold"). Make it a bearer certificate, and it's pretty much gold-backed paper money. The next easiest to understand is a currency-backed currency (such as PayPal is). For example, some smaller countries issue their own currencies at a fixed rate in relation to the US Dollars it holds in its own reserve. These are dollar-backed public currencies. There is no shortage of dollar-backed private currencies - one of the first was the traveler's check. Merchants accept these pieces of paper because there is a well-financed, trust-worthy company who will accept that paper in exchange for US Dollars. Visa, MasterCard, and others also back their currency with US Dollars (and other currencies). Their units have value because merchants believe that they will (usually) receive a public currency in exchange for the units stored electronically in their accounts. Yet in reality, merchants value credit card units significantly less than the currencies that are held in their accounts. The reasons behind this are chargebacks and fees (as well as hassle factor). However, merchants are not permitted to charge consumers more due to their agreements with these credit card companies. As a result, even cash customers pay more for goods and services from these merchants (and why you should always demand a 2-3% discount when paying cash). One mystery is why public currencies that are not backed by anything of value have value. These currencies are often called "fiat" currencies because people take them at face value based on confidence in the issuing government. But this is only part of the story. In reality, these currencies have value based on several factors. First, they are the only way to settle debts to the government (in most countries). Therefore if you owe taxes, you had better have some of these around. The second often overlooked component of value is the earning power of its population of people and corporations (more or less the current and future gross domestic product, or GDP, of that country). In fact, I would claim this is the most important factor when considered in combination with the monetary and other policies of the government in question. To understand why, look at the global bond and bill market. The us government borrows billions and billions of dollars from investors and foreign governments every year. It must do this in order to finance its budgetary deficits, which of course include debt interest and principal payments. The US government enjoys a very low interest rate on its debt. The reason for this is a high level of confidence in the world that the US will repay that debt very reliably and predictably. Why does the world have such confidence in the US government? Because of its ability to collect taxes from its citizenry! If the US government suddenly repealed all of its taxes, the value of the dollar would plummet as investors lost confidence in dollar debts owed by the US government. If the US government suddenly raised taxes by say, 10,000%, the dollar would plummet as well, as the world of investors would realize that there was no longer any motivation for people to work to make money, and therefore the ability of the government to raise money through taxation would go down the toilet. If unemployment were to skyrocket, or corporate profits collapse, or both, the US dollar would similarly lose value. On the other hand, if the US government drastically cut back on waste and unproductive spending, the value of the dollar would rise, because investors worldwide would see that the US government was even more able to pay its debts. (Rising dollar value means lower interest rates paid on bonds issued by the government, which leads to a lesser need to raise taxes, which leads to a rising dollar.) In short it is your earning potential and that of your children that sets the value of the dollar. The value of the US dollar is for all intents and purposes, tax-based. You won't hear this analysis directly, only indirectly in the media. It's a scary reality that the US government has complete control over the value of your savings, and the right to effectively steal from you (take value away without your permission). It's also a pretty negative way of describing things, true as it is. Instead you will hear about factors that underlie or correlate with the ability of the government to raise taxes to pay its debts. As an example, "consumer confidence" is a predictor of how much junk we will buy this year, incurring sales taxes and leading to corporate profits, leading to more tax revenue. It may seem strange that this is more important than a rise in wages for the common worker. Why? Several reasons. Higher salaries may reduce corporate profits, and lower the government's tax base. And, higher wages may not result in higher spending, it depends on how secure consumers feel, or whether they feel the need to save for retirement or a rainy day. It's all about the taxes in reality. Contrast this complex situation with the simplicity of an asset-backed currency, and you might wonder why anyone bothers with tax-based (a.k.a. fiat) currencies for commerce. The simple answer is that public fiat currencies allow the government a monstrous degree of control over its economy and ultimately its citizenry. If the government were to suddenly announce that everyone's salary was to be cut by 50%, or that everyone had to give up half their savings to pay down the national debt, there would be a revolt (one would hope). Its far easier to simply "print more money" by raising taxes (but not too much), borrow more from the public markets against the earning power of future generations, etc. These are all things that ultimately reduce the value per unit of the money we all receive, but so far, no riots. But I digress.... Before putting you to sleep any further, let's jump to the concept of private, asset-backed currencies. It should be clear at this point that a private currency backed by the US dollar is not much different than a US dollar. It might be more or less valuable than a US dollar in its purchasing power however. Consumers (should) love to use credit cards and value their credit lines more than money, because of the protection they get from fraud, and the flexibility to choose to be stupid and delay payment at exorbitant rates. Merchants should value a credit card less because of the chance of not getting paid by a fraudulent consumer, but more because of the increase in sales by accepting a consumer-preferred means of purchase. Because many traveler check companies will still honor counterfeit or fraudulently passed checks (in certain circumstances), it was common for many years to find that you could buy more foreign currency using these than by using cash! E-currencies based on the US dollar have similar considerations in determining their value - what are the costs, benefits, and risks involved in using these versus the alternatives? For the consumer and for the merchant? For legitimate merchants, the primary differentiating concern is this: "When I get paid, what are the chances of a chargeback? What are the assurances that this currency is not counterfeit?" For typically unsophisticated consumers, primary differentiating concerns are these: "How broadly is this currency accepted in case I need to use it for a different purpose? What are the extra features of this currency? Do I have some degree of protection from merchant fraud? Does it have reward points?" Concerns common to both include: "What fees do I have to pay to complete a transfer? How much does it cost to exchange this currency for another that I need? What is the exchange rate for this currency going to be over time in the future?" And, since the currency is privately issued, "What is the chance that my currency will suddenly lose some or all of its value because of fraud on the part of the issuer?" However, there is one much more significant and overriding concern that has emerged, thanks to whom else, the US government. It is: "what is the likelihood that this currency will suddenly become worthless because the US Government goes after the issuer?" This is not a new concern, of course. Even a gold-backed public currency could quickly become worthless if that country suddenly came under attack, or the government of that country was exposed as corrupt. This is the nightmare scenario for any currency, especially if the attacker is the US government. So we know that e-currencies, even those backed by dollars are a currency with different characteristics than the dollar. Is the act of exchanging public currency for e-currency an investment? The answer is....not inherently, no. It depends on the intention of the one purchasing the e-currency. In many cases, purchase of an e-currency is performed for the sole purpose of enabling an exchange with a counter-party. In this case, the e-currency, regardless of its backing value, is an investment (ignoring whatever rewards result from the exchange). An e-currency by itself is generally NOT an investment if it is backed by the same currency that the holder would hold anyway. Moving your US dollars from a bank to an e-currency for no particular reason does not constitute an investment. However, if a holder of an e-currency doesn't normally hold the dollar for other purposes, it can be a wise investment whose return is tied to the change in exchange rates. The same is true for currencies backed by gold (unless you already held the gold). E-currencies do not yield interest or dividends in and of themselves for many good reasons. It is possible however, to invest using e-currencies. I will cover that topic in a later installment. I will draw this installment in the series to a close with the following summary. E-currencies are money, and as a medium of exchange of value, are always tied to a payment system of some kind. As privately issued currencies, they have different risks than public currencies, as well as different value-adds. Exchanging public currency for private currency is not inherently an investment, though the purpose of making the exchange may enable an investment. While many features of a private currency may add to or reduce the value of a currency, no other factor has more impact on the value of a private currency than the risk of it becoming suddenly valueless. The two primary potential causes for an e-currency losing its value are fraud by its issuer, or the issuer coming under attack, threatening the ability of holders of the currency to conduct commerce, perform exchanges, or access their funds. For this author, it is a sad statement that the two most likely attackers of a currency are the US government and cyber-terrorists who have an interest in reducing the value of an e-currency (e.g. competitor currencies, disgruntled individuals). In the next article, I will cover why the current hostile US government posture with respect to e-currencies is both a) a very real concern, and b) perhaps the second biggest strategic blunder ever made by the US government. (Ok, well at least its in the top 10. ) I will then go on to conclude that this won't change the future importance of e-currencies. Stay Tuned! Stephen Madigan is an emerging expert in e-currencies and their role in the global economy. His new scam-busting blog ( [http://www.scambuster.info] ) attempts to make clear what is scam and what is real in the current hype cycle, online and offline. Factors that influence the currency conversion rates The Forex market is highly liquefied hottest and biggest financial market in the world. The participants of this market are large banks, Governments and multinationals and financial institutions. The currency exchange market is presented recently the public. Anyone can enter trade using the Forex broker in the currency field. Basically, Forex market trade handles conversion between different currencies. In this trade, you buy a currency with a foreign currency of another type. The industry runs purely on speculation. Currency participants treat to trade and buy a foreign currency expected the currency more value in the future. The results of the conversion into the currency trade happening in a country will affect the others in the market. The countries are open and close the Forex market with different time zones. Overall, the foreign currency market is Exchange open all the time on all 5 days weak. The market depends heavily on the currency conversion rates. The buying and selling of currencies highly dependent on the future value of the currency. Currency conversion rates change every day. The value of the US dollar or virtually every currency will remain the same next day. Prices are constantly changing, and you have to carefully follow the changes to make profit. There are several economic and political factors to affect the currency conversion rates. Depending on those conditions in the countries involved, the corresponding value of foreign currency will increase or decrease. Budget of the Government The value of a country's currency varies with the Government budget. Exceed the revenue of the country of their expenditure then it has surplus and the currency rate increases. The opposite occurs when the country has more debt. Trade levels of a country The currency conversion rate increases if the country trade surplus, that is, it exports more than it imported. The trade deficit will have negative impact on the currency value. Inflation trends If it purchasing power reduced Government will economy, inflation, making the currency value to reduce. Sometimes, the monetary value will increase expected the banks to increase interest rates to compensate for the country's economy. Robust economic growth The country's economic growth is determined by different numbers such as GDP, FDP, etc. If these figures are high it is what increased economically strong demand for its currency. Political factors The political stability of the country has impact on relations with other countries. If the political condition becomes unstable then rejected the credibility of the country, this affect the currency value. Trader psychology When more and more traders try to buy the strong foreign currency, then the demand. As a consequence, also increased the monetary value. In General if rumors in the industry to spread when a particular foreign currency is expected to rise in the value distributors buy. If the value is actually found to increase these currencies are sold. If the delivery of a particular currency, the conversion rate begins to decline. Mansi Aggarwal highly recommends that you visit www.TorFx. Com for more information on foreign exchange and foreign currency. Thursday, 6 January 2011 Currency trading and market functions Error in deserializing body of reply message for operation 'Translate'. The maximum string content length quota (8192) has been exceeded while reading XML data. This quota may be increased by changing the MaxStringContentLength property on the XmlDictionaryReaderQuotas object used when creating the XML reader. Line 2, position 8767. The currency markets or other names it is known by, such as; Forex, FX or the Foreign Exchange Markets have existed since one country or region stated trading goods or services with each other. After the goods where exchanged for the currency of the local economy, the merchant needed a way to convert it back into there local currency. Thus the beginning of the Forex markets. The present markets operate world wide in every country on the globe where currency of each and every country are bought and sold daily. The value of a particular currency can and will go up and down throughout a day based on many factors. The currency markets operate approximately 5 ½ days a week and are open somewhere in the world at all times on those days. Reasons to Invest in the Foreign Exchange Markets: The ability to leverage relatively low amounts of investments and control large sums of currencies. Most Forex brokerage firms don't charge commissions to execute a trade The ability to buy and sell at will due to extremely large market. Unstable markets provide conditions where knowledgeable investors can make vast sums of profits. The ability to limit risk though the use of available tools. It does not matter if a currency is raising or falling, you still are able to make money. Trading In the Forex Markets: The name of the game in any investment is to make money. In other words, you want to buy low and sell high. Investing in the FX is no different. The vast majority of the investments are made by people or institutions which have no intention of every actually taking possession of the currency. They are simply attempting to use educated guess to determine which direction a currency is going to move and make a profit from it. Currencies are always traded in pairs. One might sell US dollars and buy Euro's or vice versa. Remember, to truly make a profit in the currency markets you must have a plan to get the profits you have made back into your own countries currency. Let's say you live in the United States and make an investment in Euro's and own them at a later date. Your next trade could be in Japanese Yen, where you also made a big profit trading the Euro's for the Yen. What do you do now; you live in the US and can't spend Yen. So, a very important long term consideration for any currency investor is how are they repatriate there profits into there home countries currency. A very common measure of an investment is called, the Return on Investment (ROI,) Regardless of whether you're investing in currencies, real estate or a business venture this is a very important consideration that must be considered in all investment transactions. There are very safe forms of investments that are considered risk free, such as US Treasury Bonds. For an investment in a currency to be considered a good investment you should be able to receive a profit that more than marginally exceeds an investment in US bonds. The Major Currencies and how Exchange Rates are Determined: There are five major currencies that are traded most often. They are the US Dollar (USD,) the Euro (EUR,) the Japanese Yen (JPY,) the British Pound (GBP,) and the Swiss Frank (CHF.) There are certain foundations that also consider the Australian Dollar (AUD) a major currency. At some point in the near future, at least we hope the Chinese government will remove the restrictions presently placed on the trading of there national currency and allow it also to be freely traded. As we mentioned earlier currencies are always traded in pairs. The initial currency in the pair is called the base currency and the next currency is named quote or counter currency. The base currency is the denominator and the counter or quote currency is thus the numerator in the ratio. The value of the base currency is always one. Thus the exchange rate is how many of the counter currency must be paid to buy the base currency. The bid price for a counter currency is always lower than the ask price. The reason for this is that the bid price, which represents how much will be received in the counter or quote currency when selling one unit of the base currency, is always lower than the ask price, which represents how much must be paid in the counter or quote currency when buying one unit of the base currency. An example of a trade might be the following. A trade of EUR/USD bid/ask currency rates at your bank may be 1.1015/1.2015, representing a spread of 1000 pips (also called points, one pip = 0.0001.) The smaller the spread the better for the investor. The reason for this is that in order to profit the currency needs to make a smaller movement. The Advantages and Disadvantages of Margins: The term "Margin" is essentially a loan by a brokerage firm to an investor that is a client of that firm. As with any loans, interest is paid on that loan. The longer the loan is outstanding the higher the interest expense associated with that loan. There are many ways the use of margins can work against a currency investor. In fact, the number one reason novice investors fail to succeed in the currency markets is there lack of knowledge of margins. The good new is that margins can also work for the investor and produce extremely large profits with a very small investment. Learning how to make margins work for you as opposed to against you is one of the most important concepts a Forex trader must understand. Fortunately today there are many exceptional Forex courses that instruct this vital concept in detail. An example of how this could work against is when an investor takes a long term position in a currency utilizing a large margin. If they were to hold that currency for a few months and make a small profit when they sold they could still lose money on the investment due to the interest expense associated with the borrowed funds, called margins. It is of the utmost importance if you intend on trading the currency markets that your understanding the benefits and pitfalls of the use of margins is at the highest level. There are other techniques that can be utilized instead of margins that can also produce the same large profits with a very small investment. If for no other reason than understanding margins a new trader would be wise to enrol in a course that teaches the ins and outs of there use. How to use Leverage to Finance your Forex Trading: Of course the use of margins is one way to leverage a relatively small investment into large potential profits as we discussed earlier. But, the are significant risk with this method and it should be understood at its highest level to be utilized successfully. There are other Methods you can Utilize Leverage to Increase your Earnings: Forwards Futures Options The Spot Market Spread Betting Contracts For Difference The Spot Deal: With this type of transaction an swap of currencies is made. The current market price is the spot rate, which is also some times called the benchmark price. This types of swaps are not required to resolved right away. There is a value or settlement date and is usually the second day after the deal has been made. This period permits the time required to exchange funds from one bank account to another which could be located anywhere in the world. We have researched, tested and reviewed 100's of Forex Training Courses, Software Systems and Brokerage Firms. We kept the best and eliminated the rest for you to examine at TOP RATED FOREX PRODUCT REVIEWS. For the internets MOST comprehensive FREE Forex learning tools, which included 100's of FREE training articles and FREE tutorials check out FREE FOREX TRAINING. Good luck on the trading floor today! William R. Alheim, Jr., CPA, MA Wednesday, 5 January 2011 Diversification out of the dollar - like a foreign Multicurrency Bank account which you can help Those who seek currency diversification strategies should consider a multi currency bank account. Unfortunately, this product banking in North America and the United Kingdom is virtually unknown although commonplace in some European countries. I say "Unfortunately" because this is one of the most simple and convenient tools for someone looking to diversify out of the dollar. In this article I will explain more about currency accounts and how one can open. A currency account is simply a bank account with a single account number where you can keep balances in different currencies. For example, to log on and see immediately via Internet banking, a summary screen point have so many US dollar, so many euros, so many Canadian dollars, so many pounds, and so on. Many banks to a variety of currencies to keep including more exotic currencies. Some banks allow to hold now even ounces or grams gold over your account next to national currencies. Benefits are numerous: o for a start is clearly a very convenient tool for anyone seriously to diversify the currency risk. Instead of many different account numbers and applications, keep everything on a comfortable screen. At any time, you can easily exchange your balance in a currency (or part thereof) for another currency. o you can make money in and out in different currencies, wire, to and from anywhere in the world without the need for currency conversions. This type of account is therefore ideal if frequently send and received dividends paid by international money perhaps or transfers relating to an overseas property or family who live abroad. o allow banks usually go in an exaggerated given currency, if your total global balance in the black. o you can have credit cards and your most important multi currency account linked verified. Controls can be dragged in any currency. For credit cards you have usually a certain currency to choose balance which will be charged. Multi currency accounts are a good, conservative way to hedge against currency risks or making profits with fluctuations. In contrast to Forex trading, your account is not used, so it is not so much potential profit, but there is less potential for loss. This is a simple version of Forex trading - for people who don't want prices have their currency in mind every minute or even daily. A multi currency bank account suggests including currency ETFs hands down. Buy and sell back to your base currency, numbers with currency ETFs a Commission of every time. Multi currency accounts keep the actual currency of bank deposit, rather than Creative Commons in ETFs. Who is seriously diversify their activities outside of the dollar, requires a foreign bank account - and for many people a multi currency bank account is the logical choice. But whats with foreign bank account reporting requirements? Simply by opening a personal account like this, you will affect your tax situation in any way neither positive nor negative. U.S. persons are liable to declare foreign bank accounts to the IRS. However, as indicated above, there are many additional benefits in addition to tax benefits. Privacy is one of the greatest benefits in addition to the currency diversification out of the dollar. Privacy is a fundamental human right which unfortunately disappear quickly, when it comes financial services, where domestic investment in fact are an open book these days. Although you may be required to your offshore multi currency account to the IRS, not private parties such as credit rating agencies or lawyers know you want to sue could certainly nothing about a private foreign bank account of this way. Multi currency account is designed for demanding as a financial instrument. Rather it is an accident of history something developed in smaller countries such as the Switzerland, Luxembourg and Andorra where individuals frequently used accounts in different currencies. This was especially in the old days before introduction of the euro as a European business in many different national currencies fact. Not coincidentally, these countries now offer the best international financial services and good banking secrecy. However, in modern private banking conditions, such an account can a basic transactional banking relationship with a foreign bank, where you can offer many much more sophisticated services day: such as foreign currency loans for investment in bond holdings or stock portfolio. Most banks offer such services. Needless to say, companies, trusts, foundations and the like can open multi currency accounts and in such cases it is use an even greater privacy and in some cases, depending on the case, tax reporting requirements can also be legally bypassed. How then, can open a multi currency account? Currency services offer a variety of banks in some European countries by default when you open account. Unfortunately, it has become for US citizen very difficult a foreign bank that will open an account. It is undoubtedly the best, if you can travel, to meet the Bank and open the account. Personal meetings and recommendations from well known and trusted parties open a lot of doors, initial research might suggest that are closed! It is possible today to one to open multi currency bank account by post. Whatever you choose, I wish you much success in your investment and wealth preservation activities. The above article appeared originally in the "offshore banking Guide," available free Q wealth members. The guide includes more than 40 pages offer advice to foreign bank accounts, including on certain banks, international private banking services. Author Peter MacFarlane co-editor of Q is wealth report, a publication, the publication of prosperity, freedom and privacy information for a selected audience dedicated. Visit the Q wealth report q wealth - offshore banking guide. Tuesday, 4 January 2011 Currency exchange - to understand the basics of currency, currency trading and Forex trading If you ever traveled or business have done overseas, you almost certainly did an Exchange Office in the past. Did you know that you can have your own foreign currency Bank a/c and change your money at prices that better than your bank will give much? Here we show how professional Forex trader, aim to ensure the best possible price, and we you take an exchange rate for your foreign exchange just like one through all the basics you need to know about currencies and dealer of quotes. Handle foreign currencies when you first start some of the terms can be confusing, not to mention, how it all works, so let us try to make it much clearer. A currency is just the kind of money which is legal tender in a given country. For example, in the United States it is US dollars, the United Kingdom is the great British pound, and in the 16 countries of the euro zone (e.g. France Germany Italy, Spain, etc.) it is the euro. Will all these currencies are "floating" against each other in the international money markets and rise and fall in value relative to each other, usually due to the events in international business. In business terms, Forex or FX is called Forex short. The currency exchange markets known currency by a unique 3-letter abbreviation. Those of you likely to see, most often are the following; USD $ EUR euro GBP pounds sterling great JPY Japan Yen CAD of Canadian dollar AUD-Australian dollars Swiss francs CHF SGD Singapore$ NZD New Zealand$ ZAR South Africa RAND Foreign exchange rates (changing money from one currency to another) To begin to understand how Exchange rates are listed and what you mean, we start with a view to a currency exchange transaction you will have done probably at some point in your life. If you are a foreign exchange transaction (such as sending money to your people home) the dealer by perform the transaction which will show expressed as a BUY rate the value of one currency against another in a currency pair. This rate means that $1.6543 buy 1 GBP (pounds sterling) Not confused decimal point appear by how many digits after. This allows very large transactions. So, for example, if you are a UK tourist considering your needs money for a trip to the United States of the above rate just for you means that 1 GBP $1.65 buy you (we look purely at the exchange rate here, and ignore all charges that the merchant can collect). If you are planning to do some serious issues for your trip to the United States the above exchange rate means that GBP 1000 you buy $1,654.30 Hopefully is pretty easy to understand. So, here you have the few able to see that the first currency in a currency pair is displayed, always the base currency in one, i.e. the pair shows how much one of the base currency (GBP in this example) in the other currency (USD in this case). Upon your return from your trip to the United States, you find that do not manage to spend all your dollars and even $1,000 back to convert you links to GBP, the transaction you want to do now is buy GBP sale USD. So, now you ask your dealer for an exchange rate of USD/GBP buy. i.e. for each $ 1 as many British pound me give? If you change money in multiple currencies, it is easiest to think how above all transactions of buy prices. Base currency tables When you visit a foreign exchange counter at a bank you usually see a representation of the different exchange rates against the currency of the country where your bank branch is located. For example, in New York a base currency table will show buy and sell prices for all other currencies against the dollar. When a base currency table showed the tariffs for the JPY 94.86 BUY and SELL 95.01 this means; For every 1 USD you hand you buy 94.86 JPYs, and if you want to convert your JPYs again USDs you simply use the sell rate so that for each 95.01 JPYs sell to the dealer you will hand you back 1 USD. Hopefully you can now see why this is table said USD have as their base currency because the prices in the table all the relationship of foreign currency (in this example the Japanese Yen JPY) point to 1 USD. See also hopefully, as this table would really only for people who are only buying and selling of USD against other currencies only useful. For example, it would use the limited, say an Australian business woman who wants perhaps, Australian dollar (AUDs) to were in the United States with USDs, buy sell but who receives payment for their services for your Japanese customers JPYs, and your local clients in AUDs and who needs to pay your local staff in AUDs and who wants to have some euro in your pocket for your business trips to Europe! In their particular lives you have a single base currency, and money in AUDs really how you get your income in Japanese yens and Australian dollars, USDs and had spent. So it will buy far relevant more for their exchange rates as prices for AUD/USD, AUD/JPY, AUD/EUR terms be seen The [http://www.profitable-fx-trading.com]-Website offers much more info about currency exchange and up to the minute exchange rates and tutorials on the target Exchange rates and lock forward exchange rates.] Catch currency trading guide - today! What is Forex trading? Forex trading is the buying and selling of currencies from around the world. The largest and most active trade happened so that trillions of dollars daily. Forex trading has no specific time of trafficking in contrast to other trade like stock market. It happens 24 hours a day, 7 days a week. Currencies There are currency pairs in the Forex market. A currency pair consists of two currencies which is purchased, and the other is the currency used to buy the other currency. Take a look at this example: GBP/USD GBP where is the British pound. GBP is what we the "base currency ' call, which has the initial value of 1." This is the currency is bought. Next is the US dollar or U.S. dollar. We call this the "quote currency ' has the value of how much it is worth of the base currency." For example, EUR/USD 1.2436, a euro is 1.2436 US dollar. You need 1000 euros, you should replace it for $ 1243.6. Other major currencies traded are Canadian dollars (CAD), Japanese yen (JPY), Australian dollar (AUD and the Swiss franc (CHF).) The dissemination In Forex trading a currency pair has a corresponding 'offer' and 'Ask' price. The ' price is, how much the base currency is sold by the currency broker during the 'questions' price, how much the currency is bought by the trader. The offer price is usually lower than the ask price and that's where sales are made by the brokers. The difference between the 'Offer' and 'Ask' price is called 'Spread'. Changes in currency values Know how currency values changes is important in Forex trading. In short, you buy a currency to, when its value is low and sell it to, if the value is too high. Changes in currency values depend on political and economic events. Foreigners go in a country trigger currency exchange as well as great buys goods from one country to another. Also, we should not forget the influence of the speculators in Forex trading. You speculate on the increase or decrease is decisions the value of a currency in advance. It is important to keep these influences to dealing with the fast-paced volatility of trade currency can be updated. Why venture about currency trading? As already mentioned, that delivers Forex trading 24 hours on a daily basis. Dealers can decide when you trade their currencies. As changes could happen at any time, the dealer should keep watch on the best time for trading. Currency trading to start no large capital. Beginners start with small amounts and finally their trading resources increase. There is no need to play all currencies on the market. A beginner can concentrate on two currencies first while always shooting and then later extend for bigger profits. Risks in the trading Of course, like all trade, there are risks. A trader should keep in mind that the risk of currency trading is high and wrong decisions could cause losses. Plays is okay, but the higher the risk the higher the profit. Decisions are essential, so it's questions to the best Council expertise of the broker if necessary. For more information, visit about currency trading guide http://www.yourtradingzone.com/currency-trading
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Zanimanje običnog građanina i iskusnog trgovca valutama šta je to valuta i koje su njene osnovne karakteristike je jednako. Za masu ljudi koji kronično pate od neznanja suštinske razlike između devize i valute, nije mnogo bitno ono što ustvari predstavlja najvažniji segment u razumijevanju ova dva pojma. Naime, valuta u preksi se prepoznaje po dva segmenta, kao krentna valuta i egzotična valuta. Kurentne valute nalaze u svakodnevnom opticaju u određenoj zemlji (valute te zemlje), banke ih otkupljuju od komintenata i istovremeno isplaćuju njihovu protuvrijednost u domaćem novcu. Egzotične valute su praktično tzv. “Nepoznate valute jer se ne zna točno njihov tečaj ili nije poznato jesu li u optjecaju, tako da se one obračunavaju tek nakon njihove naplate, a ne prilikom primanja od komintenata. Prema tome, valuta nije isto što i deviza, jer devize predstavljaju sva kratkoročna potraživanja prema inozemstvu u stranoj valuti. U stručnoj terminologiji se jednostavno može reći da devize predstavljaju širi pojam jer obuhvaćaju i efektivne valute, odnosno gotov novac, pa čak i zlato. Pojam valuta datira još iz doba starog Bliskog Istoka i srednjeg vijeka kada se njima trgovalo nakon razvoja međunarodnih trgovačkih odnosa toga doba. Naime, pojava novčanica prenosivih na treća lica je omogućilo potrebnu fleksibilnost i rast u poslovima razmjene valuta, što je kroz svoj daljnji razvitak kulminiralo u razdoblju dvadesetog stoljeća uspostavljanjem modernog valutnog tržišta koje je prepoznatljivo po razdobljima povećane volatilnosti i relativne stabilnosti. Dalje, slijedom događaja na planu razvoja moderne tehnologije i informatike, suvremena komunikacija je doprinijela neslućenim razmjerima napretka i usavršavanja valutnog tržišta. Današnje globalno financijsko tržište valuta ili Forex Market predstavlja najveće necentralizovano tržište. Na Forex Market-u se trguje valutama i valutnim parovima što je postalo jedno od vodećeh poslova u svijetu zahvaljujući visokom stupnju profitabilnosti. Ono što je jedan od preduvjeta za funkcioniranje ovakvog tržišta je neophodna likvidnost valuta i free-floating sustav, odnosno, da svaka valuta ima slobodno plutajuće kretanje na tržištu, a prema zakonima tog tržišta. Da bi jedna valuta bila interesantna za tgovanje ona mora posjedovati određena svojstva, a prema tim svojstvima i svojim osobinama svaka valuta se kategorizirati u određenu skupinu valuta. Tako se prepoznaju najviše zastupljene valute u trgovanju na Forex Market-u poput američkog dolara, japanskog jena, eura, britanske funte, švicarskog franka i kanadskog dolara. Navedene valute su poznate kao glavne valute, a prema obrazovanju valutnih parova koji su instrumenti trgovanja sve valute se svrstavaju u tri skupine – osnovne, brojene i tzv. cross currencies. Osnovna valuta je prva valuta u valutnom paru i ona pokazuje koliko zapravo osnovna valuta vrijedi u odnosu prema drugoj valuti. Na Forex market-u američki dolar je “glavna” valuta, ali sa izuzecima kada su u pitanju britanska funta, euro, australski i novozelandski dolar, odnosno, u tim valutnim parovima američki dolar je druga, brojna valuta. Inače, brojna ili druga valuta u bilo kojem valutnom paru se često naziva i pips valuta jer se njome izražava sav nerealizirani dobitak ili gubitak do okončanja trgovinske transakcije. Pri tom je pips najmanja jedinica cijene za bilo koju valutu. Valutni parovi se uglavnom izražavanju sa pet znamenki tj.. četiri značajne decimale gdje je jedan pis jednak najmanjoj promjeni u pravo u četvrtoj decimali (0.0001). Značajni izuzetak ima valuta japanski jen u valutnom paru USD / JPY gdje je ovaj odnos izražen u dvije decimale. Cross-currencies predstavlja valutne parove u kojima nije prisutan američki dolar. Ova grupa valutnih parova je izložena većoj promjeni cijena obzirom na složenost njihove kombinacije, a postoje i podgupe poput JPY-currencies gdje spadaju EUR / JPY, GBP / JPY, USD / JPY i sl.. Inače, formiranje valutnih parova vrši se na temelju karakteristika i osnovnih osobina koje ima jedna, određena valuta.