Candlesticks have become popular in the Western trading community especially the United States in the past decade. However, candlestick charting methods had been developed by Japanese rice traders hundreds of years back. Internet made possible the availability of online trading to retail trading. The advent of internet has leveled the playing field for traders whether they trade stocks, futures, options, commodities, precious metals or currencies. In the last two decades there have been seismi
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A Forex trading system is a method used in Forex as an instrument of generating income or more money for an investor/trader. This is the process of putting it into one currency or another for a long term or short term period. There are existing Forex trading systems today that are patterned on the way the stock exchange operates. With such a system, you can do business with almost any company in the world and from any country and their respective currencies. While investing your money in the F
Available online currencies: The list of online currencies available for trade on the foreign currency market is almost endless depending on the program, software or interface you use. The most commonly traded currencies in the world are US Dollar/Yen, Euro/UD Dollar, GBP/US Dollar, US Dollar/ Can Dollar, US Dollar/ Franc and Australian Dollar/ US Dollar. Rate Formula: Most programmes, software and interfaces come with trade rate calculators. Remember to check that the calculators take real-ti
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The foreign exchange market, also known as Forex, is the largest market in the world as it moves trillions of dollars per day. The average amount of money exchanged or traded daily is $3.2 trillion as speculators around the globe make buy and sell decisions in an attempt to make a good investment on the value of currencies. Some people compare the Forex market to gambling, and while there are some comparisons that can be made, the odds of successfully profiting from Forex trading, can be signi
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Dear CIGAs, There is nothing and no one to be fought. The end was in the beginning, and there is no force on the planet that can stop the price of gold now. The supreme excellence is to subdue the armies of your enemies without even having to fight them. –Sun Tzu Jim Sinclair’s Commentary I have received many emails concerning the implications of Kitco’s new chart of the gold price in a basket of currencies. What you are looking at is gold in terms of Kitco’s hom
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