Forex Charts
Sigma Forex is here to provide you with trading tools you may need to get the most out of the world's largest financial market and tries to give you as much currency trading related information as possible. Here you will find live streaming prices, demo accounts, Forex analysis, forecasts, statistics, commentaries and real time Forex charts to get clear understanding of factors affecting the foreign exchange market and make the most deliberate investment decisions.
Web Forex charts and news give traders a comprehensive view of Forex trading market and various aspects of currency rate movements. Sigma Forex trading platform is for active Forex traders and includes online Forex trading recommendations and information, live Forex charts, Forex quotes for most currencies, daily currency news and Forex forecasts – in other words everything needed to analyze and learn about the market price movements.
If you are thinking seriously about trading on Forex market, but want to get full control over your investments, web Forex charts, news, analysis and forecasts are available online on our website to let you become increasingly familiar with technology and gain greater control over your finances. Sigma Forex allows you to practice your Forex trading skills before risking any money by using demo account that will help you to get real-market experience with live Forex charts, rates and news affecting the price fluctuations. Don't miss a chance to practice Forex with tradable prices, real time data and world breaking news, real time Forex charts and technical indicators available online.
In order to make your Forex trading as productive as possible, you need to get the most of the information at your finger tips as well as plenty of useful tools, such as real time Forex charts, daily market comments and news, Forex forecast and Forex tutorials. Sigma Forex is an innovative foreign currency exchange broker that is here to help you start exploring the world of currency trading in the most effective manner.
How Forex Currency Trading Works
Currency trading has its benefits over the stock market. The Forex market is a continuously traded market five days a week. You don’t have to worry about gap openings except if you hold a position over the weekend. A day trading rule does not exist in the Forex market. In the Forex market you can make more than one trade in a day without having 25K equity in your account. Leverage is much better at 200 to 1 or higher buy you don’t want to use more than 10 to 1 when first starting out. There aren’t any restrictions on short selling, since currency trading has an interconnection between buying one currency and selling another, a currency trader has equal ability to trade in a rising market as in a falling one. There aren’t any commissions or stock exchange fees to pay. There is very little cross-border regulation and very little insider trading, however, the large banks do have an important advantage; they can see their customers’ order flow and act on it before you.
Currencies are traded against one another in an inverse relationship. Yet each currency pair is an individual product. For example, EUR/USD is the price of the Euro expressed in U.S. Dollars. One Euro = 1.5885 U.S. Dollars. Out of convention, the first currency in the pair, the base currency was the stronger currency at the creation of the pair. The second currency is called the counter currency and was the weaker currency at the creation of the pair.
Below are the nicknames for most of the currency pairs:
- AUD / USD — Aussie
- EUR / USD — Euro – most heavily traded currency pair
- GBP / JPY — Geppy
- GBP/USD — Pound Dollar or Cable – most heavily traded
- NZD / USD — Kiwi
- USD / CAD — Loonie
- USD / CHF –– Dollar Swiss or Swissy
Finding a trade opportunity in the stock market is difficult because you have to search through accounting information on thousands of stocks. The Forex trader has only six major currencies pairs to research: the EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD AND USD/CAD. They consist of 80% of total Forex trading volume.
Forex: Loads and Loads of Dollars, or Not!
Welcome to an easy to understand review of Forex Market and its most elementary principles. This is the first part of a very basic introduction which I will complete over time. If you are interested in Forex Trading and wish to learn all about it, this place and my broker will be an ideal place to start!
Forex market: it’s all about how much you you think that currency is! Do you remember the last time you took your family on vacation to a foreign land and dreamed of sunny beaches and Pina Colada in the sunrise breeze? You got to the airport with a smile on your face and foreign currency in your pockets? You were happy, you were proud… and you had just dabbled in the forex market!
After all the Foreign exchange relates to the respective value between currencies and so if you were planning to travel to Europe you would have to purchase Euros.
The fact is that it would take quite more than a single Dollar right now to purchase a single Euro is a different story though and far from me to suggest an alternative destination! So, the Forex Market in indeed the value of a single currency against the other! For example if you were to purchase one Euro today, you would have to pay 1.58290 USD.
Since transactions are between two currencies at the time, they are also called “pairing”. The fact that it took 1.58290 USD to purchase that Euro can be translated in forex terms as: EUR/USD at 1.58290. What happens when Euros are used to purchase Dollars is just another “Pairing” only this time it is reversed. For example: USD/EUR at 0.631671.
If you were a Japanese citizen wanting to travel to Europe for example, the transaction would cost you 161.178 JPY for a single Euro. Because the dollar currency is not involved in this transaction, it is no longer referred to as a pairing, but rather a “Cross” rate or EUR/JPY at 161.178
Even the most successful Forex Traders today were beginners once. In the old days, in introduction to the Currency Exchange market required a lot of studying in order to understand the complexity of this field, but luckily, technology has made this requirement a thing of the past. Forex Market literally takes you by the hand and walks you through the various steps needed to become successful yourself.
And so, in the near future you will find yourself in a situation where you will begin to make money like the pros. In the meantime, let me whish you good fortune on your new business and don’t forget to check my broker for a lot more information about this exciting field!
Currency Converters And The Foreign Exchange Market Explained
1 comments Posted by sara carter at 6:14 PM
Currency Converters And The Foreign Exchange Market Explained
A proper investor will always take the easy route when trying to expand his or her wealth. In the case of the foreign exchange market, where investors need every bit of help they can muster, the need for supporting programs and calculators becomes apparent. Thankfully, such calculators can be obtained for free over the Internet- and offer much more than the readily obvious.
The foreign exchange market revolves around the simple fact that converting a currency from one type to another. For instance, we might want to exchange a United States dollar for the equivalent in Mexican pesos. By doing so, we essentially just made an investment in the new currency. In this case, we use the forex calculator to determine which currency would be good for a return on investment.
When investing in another currency, the investor hopes that the currency being converted from raises in value so that converting back will create a large return on the initial investment. Of course there are other ways of making money in the foreign exchange market, but this provides some of the quickest and biggest gains, depending on the investment amount.
