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Forex Loss

Sri Lanka Nations Trust Bank loses Rs800mn on forex bet

July 14, 2009 (LBO) - Sri Lanka's Nations Trust Bank, a unit of John Keells Holdings has lost 800 million rupees on a forex bet, but the bank had ended the June 2009 quarter with a 150 million rupees in the black with bond trading profits, its interim results showed.

n the June quarter the bank showed an 800.3 million forex loss and 1,214 million rupees of other income, which covered the gap.

The bank said the forex bet came "from a breach in operating procedure" in its foreign currency banking unit and risk management has since been tightened.

"The aggressive provisioning in the first half, coupled with further tightening of risk management measures, means that we have cleared the decks and placed the bank in a strong position to propel ourselves for greater growth in the next half," chief executive Zulfiqar Zavahir said in a statement.

Sri Lanka's government securities rates plummeted in the first quarter from around 20.0 percent to 13.0 percent, giving holders of government bonds chance for large capital gains.

NTB showed government securities of 12.0 billion in its trading portfolio by end-June (up from 8.0 billion in December). The accounts showed funding of 12.7 billion through repurchase deals.

The bank also had 10.6 billion in government securities in the held-to-maturity stock, up from 7.3 billion in December.

Its performing loan book grew at a slow 3.0 percent to end at 42.7 billion rupees. Most banks had chosen to finance the government, rather than the private sector as the economy weakened.Loan loss provisions rose 77.0 percent to 467 million rupees. Group net non-performing ratio rose to 3.7 percent in June from 1.8 percent in December.

Group interest income grew 15.0 percent to 3.2 billion; interest expense grew 9.0 percent to 3.2 billion rupees allowing net interest income to grow at a faster 31.0 percent.

Deposits grew by 29.0 percent to 44.2 billion rupees.

Zavahir said the bank was expanding into the north and east with fresh branches to be opened in the next six months.

Group gross assets grew 11.0 percent to 75.2 billion rupees while net assets grew 2.0 percent to 4.4 billion. At bank level net assets were 3.8 billion rupees and it had total capital adequacy of 13.04 percent, (down from 15.2 percent in December) above regulatory requirements

SRI LANKA FOREX

With Sri Lanka moving away from a fixed exchange rate to a managed floating rate in November 1977 and a unified exchange rate with the cost of FEEC (Foreign Exchange Entitlement Certificate) added to the new exchange rate and the abolition of FEEC the foreign exchange and money market activities among the banks picked up with a considerable volume of operations in the late seventies and eighties. There was increasing forex sophistication than before. With the increase in volumes banks too increased their dealing cadre. There was enthusiasm and responsiveness from the dealers readily willing to learn the tricks of the trade.

It is at this stage that one sunny evening in January 1982, a few dealers from the banks met at the right place and time over a ‘spread of good cheer’ and by the time good byes were exchanged, an informal meeting was arranged for the 29th January 1982 at the HSBC officer’s mess with the kind courtesy of Mr. Sarath Piyaratne of his bank. If I remember right 16 of the 22 banks attended the meeting. It was unanimously decided to form a forex club and a 7 member pro-tem committee was appointed to draft the constitution and set up the club. Mr. Freddie Jayarajah served as pro-tem chairman.

The committee met regularly at the HSBC mess and after much deliberation and correspondence with banks locally and overseas, and keeping in constant touch with the Secretary General ACI (Association Cambiste Internationale) Mr. Geoffrey Munn drew up the draft constitution for approval at the Inaugural meeting of the dealers. This draft constitution was unanimously adopted at this meeting held at the then Hotel Taprobane on 6th August 1982 with the kind courtesy of the Bank of Ceylon. All dealers nominated by banks attended this meeting.

Mr. A Kathiravelupillai (Bank of Ceylon) was elected the Pro-tem Chairman and steered the adoption of the constitution and the election of the 1st President of the club who was elected unanimously and so were the other members of the committee of management. Whose names are as follows

President First VP Second VP Hon. Secy. Hon. Treasurer Comm. Members Hon. Auditor Mr. Freddie Jayarajah Mr. Sanjiva Senanayake Mr. T.Nishakaran Mr. Basil B Loduwick Mr. H. Walter Fernando Mr. Sarath Piyaratne Mr. A.L.Alagappan Mr. M.Neelakandan Bank of Ceylon Citibank Hatton National Bank Banque Indosuez Peoples Bank HSBC Indian Overseas Bank Dubai Bank Ltd.

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The committee decided to hold the official inauguration of the club on 22nd January 1983 followed by a cocktail party at the ‘C G Room of the Galle Face Hotel’ with the Hon. Acting Minister of Finance Mr. M.H.M.Naina Marikar as the Chief Guest, Dr.Warnasena Rasaputra as the Guest of Honour, Chief Executives from all the commercial Banks, Senior officials from the Central and commercial banks and chairman and executives from the business community. All the money Brokers too were invited, as they were key players in the forex and money market. The ready response from the banks was noteworthy and wide publicity was given to the event in the mass media, press, radio and television.

The Secretary General ACI Mr. Geoffrey Munn intimated to us that our Application for international affiliation to the parent body, Association Cambiste Internationale was receiving their favorable consideration.

The President and Secretary of ACI sent the club the following message “Heartiest congratulations on the occasion of the inaugural meeting of the Sri Lanka Forex Club. Very pleased to receive your application for affiliation to ACI, which I am happy, to put to the central committee as it stands for recommendation to the council. Very best wishes from us for a successful meeting and a bright future for your club.”

As a matter of urgency the committee adopted improvement in technical standards as a priority and several seminars and talks were organized namely financial futures, gold swaps, charting futures and options. Another important subject Foreign Exchange Risk and Controls with case study and discussions they were all resource personnel from overseas. A talk by Jose Hanna VP from Citibank, Singapore in his own inimitable style introduced himself ‘I was born in Brazil live in Singapore, work for an American bank, drive a Japanese car write with a French pen ‘Mont blanc’ and presently talking to dealers in Sri Lanka’

The club organized a day outing for its members for fellowship and friendship so essential in the dealing trade. A dealers word is ones bond and the need for togetherness.
On 29th March, 1983 the President of the SLFC received a telex message from the Secretary General ACI Mr. Geoffrey Munn advising him that the approval of the council of ACI to the affiliation of the Sri Lanka Forex Club as the 45th member of ACI. And the President was invited for the next council meeting in Luxembourg on 3rd June the same year followed by the International Congress. The President accepted the invitation and attended the council meeting and took part in its deliberations. He was successful in making a case for the participation by Sri Lanka at the ACI Junior Forex Seminar in Singapore. The President Forex Club Singapore Mr. Mukundan readily agreed to allot two places for the Sri Lanka Forex Club. Dealers from Hatton National Bank and Banque Indosuez attended the seminar.

The Forex Club received help from many quarters and we were reasonably proud of our fledgling club. Since 1982 the Club has undergone several changes, first with its logo, then a change of name, the introduction of brokers, and personnel dealing in the FX and money market. Membership in the club too has grown immensely from the 67 members at the inception. It is the earnest wish of all members that the Sri Lanka Forex Club now known as the Sri Lanka Forex Association will grow from strength to strength and members remain in future Action “ALWAYS A DEALER”

Forex Broker - How to Pick the Best Forex Broker

n order to trade Forex, you need to first find a Forex broker. Forex is still a relatively unregulated market and as a result there are many Forex brokers available each with different levels of service and reliability. Perhaps the best thing a Forex trader can do is to make sure they pick the right Forex broker for them.

Honest & Reliable
Before picking any broker, make sure you examine their company and background as thoroughly as you possibly can. Some good signs of a reliable Forex broker are the length of the time they have been in operation and if they are a member of any financial regulating bodies found in various countries that currently try to regulate the Forex market. You need to find a broker that you are comfortable with and not need to worry about them closing up shop without warning.

Leverage
One of the attractions of trading Forex is that traders can use leverage. Leverage allows a trader to trade with more money than they may physically have in their trading account. This allows traders to gain enormous profits with just a small amount of capital. Just how much leverage brokers offer varies.

Leverage can range from 1:1, where there is no leverage, to 1:400, where you can trade with up to 400 times the amount of capital you may physically have. To make the most of your trading, be sure to pick a broker that offers the amount of leverage you require.

Spend some time researching brokers before you make the final decision to open a live account and begin trading Forex. Doing so may pay off in the long run.

How to Get Started Trading Forex Online

Forex trading offers traders an incredible opportunity to make money and have fun while doing it. With the forex market open 24 hours a day, 6 days a week, this is perhaps one of the most tradable markets in the world. If you are considering trading forex, then there are a few things you need to do before you start trading.

Find a reliable broker. As with any kind of trading you will need to find a broker that matches your needs and you are happy with. Before opening a live account with a broker, check out their history and take a look at how long they have been in operation and how quickly they answer your emails or phone calls with any questions you may have.

Understand that there is risk involved with trading. While forex trading offers the chance to make money online, there is always risk involved. Manage your trades and control your emotions while trading. By doing this you control the amount of risk you expose yourself to and increase your chances of entering into profitable trades.

Get some forex education. Even if you have traded other markets before, consider getting some education on the forex market. There are a wide variety of currency pairs available and each one has its own personality which may affect the style or methods of trading that work best with it.

Trading forex can be a very exciting and rewarding venture. Always do your homework when it comes to picking a reliable broker and only open accounts with brokers once you have thoroughly checked them out. To gain an edge, get some forex trading education and remember to never risk too much on each trade and always control your risk.

Want to know even more killer trading tips? Visit the swing trading and forex swing trading? site today.

How to Get Started on Your Online Forex Trading

Forex trading is a very flexible business and you're the one calling the shots. Still, if you're not careful, you can find yourself losing your modal as well. Therefore, here are a few things that you should know before you get started.

1. Having a broker

You will first need a broker to execute your orders and sometimes, to advise you in your trading decisions. There are many brokers out there and you'll need to be extra careful in finding one who can execute your orders anytime. Consider looking at each brokers' trade records and see how they've done in forex trading over the years. Most important thing is you need a broker that you feel comfortable with and who is also comfortable with you.

2. Diagrams

Next thing that you need to do is to understand how to read the diagram. You will need to understand the diagrams as only then you know the movement of the market. By choosing shorter time frames, you can clearly see the progress of the market by the minute. Usually, diagram software will use bars and lines to represent progress. Take your own sweet time figuring out each style and which one you are most comfortable with.

3. Using a demo account

Previously, you have to take risk without the experience or expertise to invest in forex trading. Nowadays, there are mock accounts which enable you to earn valuable experiences before going into live trades. As you would have a broker by now, he/she will usually let you have a trial in trading by using mock money. So, know your way around the software before you jump into the money making channel.

4. Going into live trades

So you've figured out everything you need to go into live trade. First rule is: don't be greedy. You might earn some the first few times but it doesn't mean you'll always score in the forex market. If you do lose, keep calm and do not give up completely but to see it as a learning experience or a mistake that you wouldn't do next time. Learning never stops so keep trying and it wouldn't be long before you earn your real satisfying profit.

How to Make Serious Money Forex Trading

Forex trading, like any other form of trading, is about planning your strategy in advance. In other words, you must know exactly how are you going to profit from the stock market before you even think about putting money at stake.

There are many ways to achieve the goal of having a trading strategy:

1. You can device one yourself.
2. You can take a Forex course and learn from an expert.
3. You can use a signal service and simply execute a strategy provided by a third party; or
4. You can use an EA or Forex software with the ability to manage your trading account automatically.

Any of these options will be a good one, although I you will be better off if you have a little bit of everything.

What I mean by this is that even if you have the best Forex software in your trading platform, or you use the best Forex signals service, having an understanding of the Forex market will always be a plus.

Therefore, if you want to actually make money Forex trading, you must always keep your arsenal of trading tools and resources growing, along with your knowledge of the Forex market.

Also, once you have a strategy in place (whether it is via Forex courses, services or software) always put that strategy to the test on paper money for at least two months, because as they say: only practice makes perfect, and even if you are using signals or a software, you have to make sure your are doing everything by the book.

Making the Most of Currency Trading on Forex

of foreign currency trading. Before embarking on your own profitable journey into the foreign exchange market, there are certain rules that you would do well to follow.

The first thing to remember is to get the pulse of what moves the market. In currency trading, there are a number of factors that affect the way each currency performs. This includes its country's economic conditions and political climate, interest rates, as well as other world events. If you keep these factors in mind when you choose a currency pair to trade, you will be safeguarding your profit potential.

Second, never trade on impulse. Get a handle on the proper techniques and strategies that seasoned speculators use to maximize their profits. There are tried and tested methods that you can learn from.

Incorporated some of your own strategies into the mix, these will help you land big bucks. One such strategy is known as the carry. This involves buying top rate currencies and selling those with minimum rates.

Third, make sure you know which strategy to use at the most opportune time. Don't invest in random currency pairs, then panic when the market moves unfavorably. Look at the factors which affect the pair you intend to place your money on, as well as the long term gains that can be culled from each pairing.

Fourth, establish your personal risk limits and decide how much you can afford to lose. This is a failing of most newbie traders who ride the foreign exchange market wave without a clear idea when to stop placing their money at stake until it is too late.

All About Forex Trading Systems and Using Them to Profit!

Forex trading is probably the easiest way that I know to make money and I am going to spend a little bit of time today explaining what exactly Forex trading is and how YOU can profit from it.

So if you have ever traveled to a different country you probably know what exchange rates are. Exchange rates are how much more or less money that you will receive when you exchange your money to a different currency which is what Forex stands for that is Foreign Exchange trading.

Imagine that your money starts as U.s. Dollars and then you notice the Exchange rate from USD to Euros is high so you get some Euros and then a week later the rate from Euros to Rupees is high so you exchange there and eventually you can move the money back to your main currency and if done right the amount of cash you hold should be greater than what you started with!

Now there's a few secrets that I have learned along the way and I can not share them all but what I will tell you is to go get FAP Turbo. It is probably the best Forex Robot that I have ever used and once you understand how it works with Forex Trading you won't ever have money problems again. Best thing is that its all automated so it's a set-and-go system, once you have configured it. It will analyze and make profits whenever the right time is right! Don't worry if you don't know anything because when you get FAP Turbo they have video tutorials which will guide you step-by-step on how to configure it! Best thing is that its all automated and it can run 24/7!

Automated Forex - 3 Reasons to Use a Forex Robot

Have you heard of Automated Forex? Would you trust a robot to make forex buying and selling for you? This is a Forex Software that works only in the Forex market. Is an automated software that can be used by any operator Forex, both novice and professional Forex Robot may find this very useful as it has generated very good income for many operators. Automated Forex has been tested for several months, is very simple to use and 95% of transactions result in profit.

Below is 3 reason why use a automatic forex system :

1. This system gives you the chance to generarte income even without having to spend hours in front of the screen to explore the market, because you can generate income even if these large asleep. It is a system which lets you make and install all the hard work. The truth is that this system is very powerful and very easy to use, plus the best part is you do not need to know math to use this, or in fact need any technical experience required, nor need a great investment to start. You can start using it on a demo account to see your operation and then you can open a real account to start generating revenue.
2. Automated Forex fraud is not the classic that you can commonly find on the Internet, which is specially designed for high earnings generarte with a small investment of your money. By using this Forex Robot you can boost your profits and minimize the risk of losing money.
3. This software is not related to graphics complicated indicators or signals. You do not have to do your transactions in a notebook handy. You must see for yourself how this amazing Forex Robot, so that you can generate income from your home using this system.

Next article will show you about 6 criteria to chooseautomated forex, more deep about Forex. And all its free, start your lesson now

Become a Forex Trader - Don't Be a Loser!

You want to become a forex trader, but did you know that 70% of forex day traders constantly lose more money than they gain? If that stunned you, then that's more or less the effect I was hoping for. If you want to be part of the 30% that constantly make gains from forex trading, then there are certain things which you should understand.

For example, if you think that you can get rich by buying an automated forex trading robot for a hundred dollars or so, turn it on and sit back while it makes you rich, then think again! Some forex trading robots are quite good, but if you don't know what you're doing, and you don't know exactly how to set it up and when to trade with it, or even what its doing, then you'll learn very quickly what a margin call is (that's when your account hits rock bottom!) The Forex market is far more involved than initially meets the eye, and a large number of scammers abuse this reality. Its easy to get robbed by empty promises that claim to make Forex trading push-button simple. Don't be fooled, there's no "holy grail!" Of course there are above-board trading systems available out there, but do your homework - more than just the sales page I mean! Be patient! Learn as much as you can first.

You don't have to be a genius of sweat blood to be successful at trading forex. You can learn to trade forex and become a forex trader in under a month, and with very little time invested in trading each day, you could gather some decent forex gains. It's extremely difficult to make a living trading forex to begin with, so allow yourself a bit of a learning curve prior to considering becoming a full-time trader.

The Forex market is a fast-paced market, which is open to trade twenty-four hours a day, five days a week. Compared to stock traders, the number of private people who trade forex full-time is quite low. The bulk of the forex market is made up of international banks and other very large corporations, and private traders make up about two percent of the entire forex market.

With the stock market, a bad day could mean ruin. This is where the forex market is unalike, because a bad day for one nation's currency means very little when there are plenty more strong currencies to be traded. This reality leads many people to deem forex trading to be somewhat more stable than being a stock broker.

Naturally, any way you cut it, there is always risk when money and speculation is involved. Take solace in the fact that you're guaranteed to make some losses along the way. This is normal, so don't freak out! Ultimately its about playing the odds, and if you stick to a trading strategy that works well for you, then the odds should ultimately be in your favour.

Riches can be made or vanish very quickly, but with the right knowledge, perseverance and skill, forex trading can be very rewarding, both personally and financially. One simple, robust forex trading strategy that you are disciplined in following is enough. The question is, can you unwaveringly stick to your strategy? This is where many forex traders fail. To become a forex trader from home and be successful, practice, dedication and will power will help ensure that you too can make a very good living as a forex trader.

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Forex Trading Tutorial

The Forex is a very good way in earning money. It's no doubt that we can indeed find a good means in getting income through Forex as it involves financial trading which already involves money in the first place. There is a big possibility that the return of your investment would be big considering how Forex trading works well in the market. Starting a Forex investment in capitalizing using the Forex Market is an opportunity to lead you to success once you will be able to know the insides and the outs of the financial market.

That is why it's very important for one to familiarize first with how the Forex market works because this will be your ultimate guide in gaining financial independence. Through different resources you will be able to familiarize yourself on the different ways that can make you learn the strategies and the techniques needed for this particular aspect. Different resources are available for one to check with and on how to start off first with Forex trading. This include something like a forex trading tutorial that comes with some data and videos that you can look into and learn from them. Aside from this there is also different software that is being used in the implementation of the forex trading so you need to have the knowledge and the exposure on this to get started.

With the use of the trading materials such as forex trading tutorials you will be able to gain knowledge and insights on how the forex market works and what are the things and the things that you will need to do in order to become successful in this one. Investing in the financial market allows you also to have a good understanding on how this becomes a good turn out for you if business and trading will go a long way. So if you are just starting yet and would need all the information that you can get you can go ahead and find some resources like a forex trading tutorial that will be very important for your forex trading activities.

Investing in the financial market especially in foreign exchange involves some risks and you need to make sure though that you are making the right decisions when it comes to trading giving you the opportunity to earn more. So in order to be equipped with all the knowledge and activities as pertaining to financial investing, it is necessary to have a good understanding with all these things. Now with the use of the different resources and forex trading tutorials that we can get online the strategies and techniques won't be too hard to attain at all.

How the Right Forex Trading Tool Can Maximize Your Profits

The most important thing that one can take advantage of is the forex trading tool necessary to provide one with all the amenities and all the necessary information that you can use for trading. In the internet we can find a lot of trading tools that cater to the needs of the traders. A forex trading tool should serve as a good way in determining a good function to trader's skills as this will be the guide towards his success as a broker or trader. This can also be well integrated with a tool that functions to provide different information that can be used by the trader.

A force trading tool is a good way to establish a good functionality among the trading system and this becomes an important part in the whole forex trading itself. In this way the brokers and the traders will be able to get the necessary information that they need in order to get by with all the updates and in making sound decisions from the forex market itself. There are also platforms being introduced in order to facilitate in the functions that the forex trading tool would play. Of course once you avail of a forex trading tool you should have the necessary requirements that are needed in order to facilitate the different functions.

The first is to be able to have a reliable computer that will be your means of being kept up to date as well as in the software that you are going to use on this. Internet access is also very necessary preferable that is fast because you never know the changes that are going to come by as soon as there's an update available already. You have to ensure also that you already have an online brokerage account that is being sponsored and delivered by a reliable company that will provide you with all the necessary services that you need.

With the use of different training equipment you will be able to get the ample knowledge on the different things needed so that you will have the necessary tips to follow along the way. You need also to be sure that you have the necessary tools in order to know the different things needed and necessary to make your trading convenient and faster. You need to know that you will have the available forex trading tool that will be able to help you analyze and take advantage of the different things that can give you profits and such. Maximizing your efforts in the forex market by making use of the forex trading tool will become one of your most important partners in the forex trading system.

Are you tired of not being able to make money through Forex trading? Have you started with the right Forex Trading Tool for your business yet?

How to Make Guaranteed Forex Auto Money

If you're sick of the 9-5 grind and dream of something better and are wondering where your life is going, there is no better place to make the kind of money to necessitate a change than through investing in the currency exchange or the forex market. Over 3 trillion dollars are exchanged here annually. Here's how to make guaranteed forex auto money so that you can stake your claim without having to give up your day job (until you're ready, of course).

These days, many trades are turning to outsourcing their trading not to an expensive broker like in the past, but to a forex trade program. This is a program which works much like a broker: it constantly analyzes market data tirelessly 24 hours a day, it enacts trades when it finds what it deems as being a profitable trade/trend in the market, and finally follows and tracks that investment along in the market, ensuring that it is constantly earning money for you. When the market eventually fluctuates out of your favor, it automatically recognizes this at the earliest indication and trades the now bad investment away, thus shielding you from losses.

Originally these trade programs were reserved for and only used for the trading elite to cover small gaps in their schedules. Eventually, however, someone got the idea to expand on the program so that it could effectively react to changes in the market and find profitable trading ops 24 hours a day so that anyone could use it, regardless of their schedules or previous experience in the market.

Experts laud the emphasis on market data and changes in the market as being the sole motivation behind trading actions and also the fact that no emotions or outside factors have a chance of hurting your trades.

Forex Trading Systems

Most people are aware that a substantial majority of people in the forex trade lose a lot of their money. A big part of the reason for this is because they neglect to use a set trading plan. The fact of the matter is that this market can either work to your advantage or against it.

It is fairly common for new traders to approach the market with the mind-set of a gambler (ex. taking risks and playing with money that you think you can afford to lose). It is necessary to respect your capital and shoot to allow it to grow steadily and slowly because if you are successful you will achieve impressive wealth.

Before you begin, you should have a plan and it should encompass a beneficial trading system. However, it is not necessary to search for a system that is reviewed as having a 90% or more success rate because that is a difficult task. It is possible to generate a winning strategy using a system that trades successfully 50 or 60% of the time.

Another considerable aspect of your system should be discipline. This characteristic will help to filter the profitable from the unprofitable traders. Stick with you system if it's thriving. Just make certain that you don't attempt trades that are bound to be losses.

Lastly, your trading system must be open to modification and adaptation. The market changes on a regular basis so even if you are doing well and making a steady profit at one point, don't be startled if your currency is altered. For example, if the Forex markets increase in volatility, don't be fully convinced that you will make out in the end... be conscious of everything. Be prepared to adjust your trading to the market conditions.

The fact of the matter is that if you are hooked on making a lot of money using the Forex trading system, you must have a firm plan before getting started. If you don't then you are more than likely to join the large percentage of men and women who end up losing money instead of making a profit.

New automated Forex techniques are crushing bank accounts. People are walking away with serious cash in their pockets. You need to check this out...You won't believe what people are doing in Forex markets now

Forex Education

Well I guess that if you are reading this right now you are interested in starting your own journey to become a successful trader, but the question is “Where to begin?” and “How to start?”. The first thing you really have to do is set up your FREE consultation with us. We will take some time to ask you a few question evaluating your level in Forex and we have to always determine your information understanding skills and then only based on that we can prepare a special V.I.P one-on-one Seminar that will teach you everything you have to know to complete your first LIVE profitable trade!

Whether you have to learn everything from scratch or you already have some knowledge in Forex we will design a special Course that will teach you exactly what you have to learn and skipping things you already know!

Go Ahead talk to us it will not cost you a dime to understand the way we teach, and what do we have to offer!

• Technical Analyses
• Fundamental Analyses
• Meta Trader 4
• Support Resistance
• Trend
• 6 Eye Visible Patterns
• News Trading
• Scalping
• Long Term
• Short Term

BONUS

30-Day Trial with our Chat Room
30- Day Trial on our Signal System
Life Support (Online/ Phone)

You will also find out about a single Forex Pair that does the same exact move every month!

You will Learn how to manage your account in order to grow $ 1.000.000 from just $1000 in 11 MONTH!

Money Transfer/Remittance Companies

Money transfer/remittance companies perform high-volume low-value transfers generally by economic migrants back to their home country. In 2007, the Aite Group estimated that there were $369 billion of remittances (an increase of 8% on the previous year). The four largest markets (India, China, Mexico and the Philippines) receive $95 billion. The largest and best known.

Non-bank Foreign Exchange Companies

Non-bank foreign exchange companies offer currency exchange and international payments to private individuals and companies. These are also known as foreign exchange brokers but are distinct in that they do not offer speculative trading but currency exchange with payments. I.e., there is usually a physical delivery of currency to a bank account.

It is estimated that in the UK, 14% of currency transfers/payments are made via Foreign Exchange Companies. These companies' selling point is usually that they will offer better exchange rates or cheaper payments than the customer's bank. These companies differ from Money Transfer/Remittance Companies in that they generally offer higher-value services.

foreign exchange brokers

There are two types of retail brokers offering the opportunity for speculative trading: retail foreign exchange brokers and market makers. Retail traders (individuals) are a small fraction of this market and may only participate indirectly through brokers or banks. Retail brokers, while largely controlled and regulated by the CFTC and NFA might be subject to foreign exchange scams. At present, the NFA and CFTC are imposing stricter requirements, particularly in relation to the amount of Net Capitalization required of its members. As a result many of the smaller, and perhaps questionable brokers are now gone. It is not widely understood that retail brokers and market makers typically trade against their clients and frequently take the other side of their trades. This can often create a potential conflict of interest and give rise to some of the unpleasant experiences some traders have had. A move toward NDD (No Dealing Desk) and STP (Straight Through Processing) has helped to resolve some of these concerns and restore trader confidence, but caution is still advised in ensuring that all is as it is presented.

Investment management firms

Investment management firms (who typically manage large accounts on behalf of customers such as pension funds and endowments) use the foreign exchange market to facilitate transactions in foreign securities. For example, an investment manager bearing an international equity portfolio needs to purchase and sell several pairs of foreign currencies to pay for foreign securities purchases.

Some investment management firms also have more speculative specialist currency overlay operations, which manage clients' currency exposures with the aim of generating profits as well as limiting risk. Whilst the number of this type of specialist firms is quite small, many have a large value of assets under management (AUM), and hence can generate large trades.

Hedge funds as speculators

About 70% to 90% of the foreign exchange transactions are speculative. In other words, the person or institution that bought or sold the currency has no plan to actually take delivery of the currency in the end; rather, they were solely speculating on the movement of that particular currency. Hedge funds have gained a reputation for aggressive currency speculation since 1996. They control billions of dollars of equity and may borrow billions more, and thus may overwhelm intervention by central banks to support almost any currency, if the economic fundamentals are in the hedge funds' favor.

Central banks

National central banks play an important role in the foreign exchange markets. They try to control the money supply, inflation, and/or interest rates and often have official or unofficial target rates for their currencies. They can use their often substantial foreign exchange reserves to stabilize the market. Milton Friedman argued that the best stabilization strategy would be for central banks to buy when the exchange rate is too low, and to sell when the rate is too high—that is, to trade for a profit based on their more precise information. Nevertheless, the effectiveness of central bank "stabilizing speculation" is doubtful because central banks do not go bankrupt if they make large losses, like other traders would, and there is no convincing evidence that they do make a profit trading.

The mere expectation or rumor of central bank intervention might be enough to stabilize a currency, but aggressive intervention might be used several times each year in countries with a dirty float currency regime. Central banks do not always achieve their objectives. The combined resources of the market can easily overwhelm any central bank. Several scenarios of this nature were seen in the 1992–93 ERM collapse, and in more recent times in Southeast Asia.

Commercial companies

An important part of this market comes from the financial activities of companies seeking foreign exchange to pay for goods or services. Commercial companies often trade fairly small amounts compared to those of banks or speculators, and their trades often have little short term impact on market rates. Nevertheless, trade flows are an important factor in the long-term direction of a currency's exchange rate. Some multinational companies can have an unpredictable impact when very large positions are covered due to exposures that are not widely known by other market participants.

Banks

The interbank market caters for both the majority of commercial turnover and large amounts of speculative trading every day. A large bank may trade billions of dollars daily. Some of this trading is undertaken on behalf of customers, but much is conducted by proprietary desks, trading for the bank's own account. Until recently, foreign exchange brokers did large amounts of business, facilitating interbank trading and matching anonymous counterparts for small fees. Today, however, much of this business has moved on to more efficient electronic systems. The broker squawk box lets traders listen in on ongoing interbank trading and is heard in most trading rooms, but turnover is noticeably smaller than just a few years ago.

Market participants

Unlike a stock market, where all participants have access to the same prices, the foreign exchange market is divided into levels of access. At the top is the inter-bank market, which is made up of the largest investment banking firms. Within the inter-bank market, spreads, which are the difference between the bid and ask prices, are razor sharp and usually unavailable, and not known to players outside the inner circle. The difference between the bid and ask prices widens (from 0-1 pip to 1-2 pips for some currencies such as the EUR). This is due to volume. If a trader can guarantee large numbers of transactions for large amounts, they can demand a smaller difference between the bid and ask price, which is referred to as a better spread. The levels of access that make up the foreign exchange market are determined by the size of the “line” (the amount of money with which they are trading). The top-tier inter-bank market accounts for 53% of all transactions. After that there are usually smaller investment banks, followed by large multi-national corporations (which need to hedge risk and pay employees in different countries), large hedge funds, and even some of the retail FX-metal market makers. According to Galati and Melvin, “Pension funds, insurance companies, mutual funds, and other institutional investors have played an increasingly important role in financial markets in general, and in FX markets in particular, since the early 2000s.” (2004) In addition, he notes, “Hedge funds have grown markedly over the 2001–2004 period in terms of both number and overall size” Central banks also participate in the foreign exchange market to align currencies to their economic needs.

Market size and liquidity

The foreign exchange market is unique because of:

• its trading volumes,
• the extreme liquidity of the market,
• its geographical dispersion,
• its long trading hours: 24 hours a day except on weekends (from 22:00 UTC on Sunday until 22:00 UTC Friday),
• the variety of factors that affect exchange rates.
• the low margins of profit compared with other markets of fixed income (but profits can be high due to very large trading volumes)
• the use of leverage

Main foreign exchange market turnover, 1988 - 2007, measured in billions of USD. As such, it has been referred to as the market closest to the ideal perfect competition, notwithstanding market manipulation by central banks. According to the Bank for International Settlements, average daily turnover in global foreign exchange markets is estimated at $3.98 trillion. Trading in the world's main financial markets accounted for $3.21 trillion of this. This approximately $3.21 trillion in main foreign exchange market turnover was broken down as follows:

• $1.005 trillion in spot transactions
• $362 billion in outright forwards
• $1.714 trillion in foreign exchange swaps
• $129 billion estimated gaps in reporting
• Of the $3.98 trillion daily global turnover, trading in London accounted for around $1.36 trillion, or 34.1% of the total, making London by far the global center for foreign exchange. In second and third places respectively, trading in New York accounted for 16.6%, and Tokyo accounted for 6.0%. In addition to "traditional" turnover, $2.1 trillion was traded in derivatives.

Exchange-traded FX futures contracts were introduced in 1972 at the Chicago Mercantile Exchange and are actively traded relative to most other futures contracts. Several other developed countries also permit the trading of FX derivative products (like currency futures and options on currency futures) on their exchanges. All these developed countries already have fully convertible capital accounts. Most emerging countries do not permit FX derivative products on their exchanges in view of prevalent controls on the capital accounts. However, a few select emerging countries (e.g., Korea, South Africa, India) have already successfully experimented with the currency futures exchanges, despite having some controls on the capital account.

FX futures volume has grown rapidly in recent years, and accounts for about 7% of the total foreign exchange market volume, according to The Wall Street Journal Europe (5/5/06, p. 20). Top 10 currency traders

Foreign exchange trading increased by 38% between April 2005 and April 2006 and has more than doubled since 2001. This is largely due to the growing importance of foreign exchange as an asset class and an increase in fund management assets, particularly of hedge funds and pension funds. The diverse selection of execution venues have made it easier for retail traders to trade in the foreign exchange market. In 2006, retail traders constituted over 2% of the whole FX market volumes with an average daily trade volume of over US$50-60 billion (see retail trading platforms). Because foreign exchange is an OTC market where brokers/dealers negotiate directly with one another, there is no central exchange or clearing house. The biggest geographic trading centre is the UK, primarily London, which according to IFSL estimates has increased its share of global turnover in traditional transactions from 31.3% in April 2004 to 34.1% in April 2007. The ten most active traders account for almost 80% of trading volume, according to the 2008 Euromoney FX survey. These large international banks continually provide the market with both bid (buy) and ask (sell) prices. The bid/ask spread is the difference between the price at which a bank or market maker will sell ("ask", or "offer") and the price at which a market-maker will buy ("bid") from a wholesale customer. This spread is minimal for actively traded pairs of currencies, usually 0–3 pips. For example, the bid/ask quote of EUR/USD might be 1.2200/1.2203 on a retail broker. Minimum trading size for most deals is usually 100,000 units of base currency, which is a standard "lot".

These spreads might not apply to retail customers at banks, which will routinely mark up the difference to say 1.2100/1.2300 for transfers, or say 1.2000/1.2400 for banknotes or travelers' checks. Spot prices at market makers vary, but on EUR/USD are usually no more than 3 pips wide (i.e., 0.0003). Competition is greatly increased with larger transactions, and pip spreads shrink on the major pairs to as little as 1 to 2 pips.

What's Forex?

The foreign exchange market (currency, forex, or FX) is where currency trading takes place. It is where banks and other official institutions facilitate the buying and selling of foreign currencies. FX transactions typically involve one party purchasing a quantity of one currency in exchange for paying a quantity of another. The foreign exchange market that we see today started evolving during the 1970s when worldover countries gradually switched to floating exchange rate from their erstwhile exchange rate regime, which remained fixed as per the Bretton Woods system till 1971.

Presently, the FX market is one of the largest and most liquid financial markets in the world, and includes trading between large banks, central banks, currency speculators, corporations, governments, and other institutions. The average daily volume in the global foreign exchange and related markets is continuously growing. Traditional daily turnover was reported to be over US$3.2 trillion in April 2007 by the Bank for International Settlements. Since then, the market has continued to grow. According to Euromoney's annual FX Poll, volumes grew a further 41% between 2007 and 2008.

The purpose of FX market is to facilitate trade and investment. The need for a foreign exchange market arises because of the presence of multifarious international currencies such as US Dollars, Euros, Japanese yen, Pounds Sterling, etc., and the need for trading in such currencies.

What's Forex Got To Do With Leaning To Drive A Car?

Forex trading is a lot like learning to drive, you have to get some good training before your able to drive your car safely. Currency trading is a business and it is vitally important that you become properly educated before committing your hard-earned money to the markets. This type of trading is still less riskier than the stock market or trading futures, where you can loose much more than you have in your account. Forex trading is interesting to some because of it's liquidity and high leverage. This market is the biggest financial market in the world so it opens up wide opportunities for small traders to make huge profits by investing a small amount of money.

The Forex market is a technical market and it does takes some time to come to understand the basic principles of this market and to develop the necessary skills in the use of it's tools (like technical and fundamental analysis tools) to be able to trade currency profitably. Depending on your trading profile, you will build your strategy either according to technical or fundamental analysis or both. With the right understanding of how currency markets behave, and having the tools available to you the trader, you will gain a view on how to approach trading that will allow you to know what to do and when to do it. As forex trading online becomes more and more popular you will want to keep up to date with the very latest financial market trends and Forex forecasts.

Other financial markets trade from an office, or they have some specific physical location. This market does not have any physical location or central exchange. The forex market is made of about 6000 financial institutions around the globe. The foreign exchange is an international, 24 hours a day, 7 days a week, over-the-counter financial market bought and sold through in house or online brokers.

If you are serious about your trading and want to build a strategy then try a demo account first and learn about forex online trading. Once you've gained a bigger picture of what it takes to succeed in trading, it's time to move to real money accounts. While there are many trading systems as there are approaches, it's usually best that you have a knowledge of the forex trading strategy that is suited to your personality, financial situation and desired objectives. The key to being a winning trader in Forex is having patience and a good trading strategy. A good strategy is all about keeping it simple but yet making it work.

Forex trading is an exciting, rewarding world that can set you free from that 9-5 job.

Forex currency trading?

By reaching to our website, I think you are already aware that Forex trading is a good way to make money at home. More over, I bet you knew someone, or would have heard of someone, who's already making tons of good money in FX trading.

But what you wouldn't know is that 7 out of 10 traders keep losing money in Forex market! That's right, 70% of individual FX traders keep losing their hard-earned money in the market; while the rest of the 30% work freely at home and earn millions annually)

Wonder what differs between the losing 70% and the winning 30%?

Forex trading skills and the trading system! If you want to work less than 20 hours a day at home, if you want to make millions by trading freely at home, if you want to have financial freedom by trading Forex; you better LEARN Forex trading before you start trading Forex. Forex market is definitely not a game for newbie and you need to brush up your skills before getting your hands wet.