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Important Things to know about your Currencies
Tue, Nov 11 2008, 16:36 GMT
by Forex Journal's Collaborators
This article is taken from the Forex Journal (October 2008 issue).
The author, Sunil Mangwani, is a Physics graduate with a Diploma in Financial Management. He has been trading the Forex market for the last 6 years and devises simple trading strategies based on his vast knowledge and in-depth study in the field of technical analysis.
- Sunil Mangwani provides valuable insights into the relationships that exist between various major currency pairs and other major commodity markets. Intermarket analysis is a fairly new field of market study that is coming of age.
The Forex market is the largest financial market in the world, trading nearly $4 trillion each day.
This figure is ascertained by the Bank of International Settlements (BIS), which surveys major Forex market participants every three years. It creates a volume estimate based on the information it gathers. The most recent Bank of International Settlement survey was completed in April 2007 and yielded the estimated volume figure of Forex and related markets at over $4 trillion. On an interesting note, this figure represents an increase in volume of about 70% from the 2004 survey.
Since the Foreign Exchange currency market is a highly dynamic market with price oscillations within a single minute, it allows traders to enter and exit the market many times a day.
_____________
Other article in this issue:
Choose wisely Dr. jones, chose wisely
Published on Tue, Nov 11 2008, 16:36 GMT
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Legal disclaimer and risk disclosure
This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is sold with the understanding that the authors and the publisher are not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional person should be sought. In commodity trading, as in stock, and mutual fund trading, there can be no assurance of profit. Losses can and do occur. As with any investment, you should carefully consider your suitability to trade and your ability to bear the financial risk of losing your entire investment. It should not be assured that the methods, techniques, or indicators presented in this magazine will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples in this magazine are for educational purposes only. This is not a solicitation for any order to buy and sell. The information contained herein has been obtained from sources believed to be reliable, but cannot be guaranteed as to accuracy of completeness, and is subject to change without notice. The risk of using any trading method rests with the user.Related reports
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