Forex refers to the global, over-the-counter market (OTC) where traders, investors, institutions and banks, exchange, speculate on, buy and sell world currencies. Trading is conducted over the ‘interbank market’, an online channel through which currencies are traded 24 hours a day, five days a week. Forex is one of the largest trading markets, with a global daily turnover estimated to exceed US$5 trillion.
All transactions made on the forex market involves the simultaneous purchasing and selling of two currencies. Trades in currencies are often worth millions, so small bid-ask price differences (i.e. several pips) can soon add up to a significant profit. Of course, such large trading volumes mean a small spread can also equate to significant losses.
FXGM ZA is committed to ensuring that their clients are kept up-to-date on the latest products, state-of-the-art trading tools, platforms and accounts. The company is young and was founded on the belief that the forex market would replace the world’s closed, proprietary financial systems allowing everyone, everywhere to participate in an economy that’s fairer, more inclusive and more accessible.
For those just getting started, they have a user-friendly trading platform to get you started. One thing you should always keep in mind is to trade carefully and consider the risks involved.
By Kazi Rasel Abedin
এককথায় ফান্ডামেন্টাল এনালাইসিস হল অর্থনৈতিক, রাজনৈতিক এবং সামাজিক অবস্থা বিশ্লেষণে ভবিষ্যৎ কারেন্সি প্রাইস ভেলু নির্ধারণ বা অনুধাবন করার একটি পক্রিয়া। আরো সহজ করে বলা যেতে পারে, কোন একটি দেশের অর্থনৈতিক, রাজনৈতিক এবং সামাজিক অবস্থার প্রেক্ষিতে ঐ দেশের কারেন্সি ভেলুর যে পরিবর্তন ঘটে এবং তা বিশ্লেষণ বা বের করার যে একটি উপায় তা-ই হল ফান্ডামেন্টাল এনালাইসিস । ফান্ডমেন্টাল এনালাইসিস করার জন্য বিশ্বের কেন্দীয় ব্যংক গুলোর ওয়েব সাইট ভিজিট করতে পারেন। ওখানে ওই দেশের অর্থনেীতির ওপর রিপোট প্রকাশ হয় ।
I need a forex broker which have the following criteria:
1. Provide swap free account.
2. There is no limit of open trades or higher limits like 3000/4000 trades ( some brokers limits 200 trades)
3. Provide micro lot. And minimum lot will be 0.01
4. No fee or Commission on carry trade. I can carry a trade for years.
5. Allow hedgeing
What’s next? – USDJPY 23.03.18
The dollar was trading 0.28 percent lower vs the Japanese yen at 105.75 as of 04:50 GMT on Thursday, with traders preparing for a fresh batch of economic data while digesting Fed’s move. The US central bank raised its benchmark rate by 25 basis points and reinforced the idea of further monetary policy adjustments for the near future.
The Federal Reserve rose interest rates to a range between 1.50 and 1.75 percent. The move was widely anticipated and therefore little reaction was seen following the announcement.
The US dollar index, which measures the greenback against six major currencies, was trading 0.24 percent lower at 89.16 by the time of this writing.
Analysts had previously warned that this monetary meeting was likely turn into a buy-the-rumor-sell-the-fact event. Investors opted to take profits after the rate hike, pushing the American currency to the downside by the end of the session.
This monetary policy meeting has been the first one with Jerome Powell as Chair of the Federal Reserve. Overall, he remained on a hawkish side, insisting that the economy won’t overheat.
Among different topics mentioned during his remarks, the Fed chief recognized that "a number of participants in the [FOMC] did bring up the issue of [Donald Trump’s import] tariffs"
Investment bank Wells Fargo said it forecasts for four interest rate hikes in 2018 remains in place, as they see inflation picking up in the next few months and strong labor conditions.
“Financial market and geopolitical uncertainties could keep gold at relatively high levels despite the strong economic growth that should favor interest rate hikes,” Desjardins Group said.
On the data front, existing home sales for February came in at a 5.54 million rate, displaying a better-than-expected increase of 3.0 percent against a forecasted 0.5 percent.
Ahead in the day, traders will keep an eye on initial jobless claims at 12:30 GMT and preliminary readings on the manufacturing and services PMIs for March at 13:45 GMT.