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Forex. The mainstream business, the biggest market on earth today. It has a daily turnover of more than 2.5 trillion US$ (more than 100 times greater than NASDAQ), and it's still growing.

The forex trading, also referred to as the forex trading market, is the largest financial market in the world, with a daily average turnover of approximately US$1.3 trillion. Forex is the simultaneous buying of one currency and selling of another. The world's currencies are on a floating exchange rate and are always traded in pairs, for example EURO/USD or USD/CHF.

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Dollar Clings To Recent Gains Versus Euro

February 8th, 2010

The dollar held onto its strong gains from the previous week in quiet dealing Monday morning in New York, supported by lingering concerns about the global economy and slumping stocks.

With no significant economic reports to be released on Monday, there is…


Yen Slightly Down Against Majors

February 5th, 2010

Friday morning in Asia, the yen weakened slightly against its major counterparts after surging up yesterday on growing concerns over the global economy.

The unexpected rise in U.S. jobless benefit claims and growing fears about the sovereign debt crisis in Greece and…


US Dollar Rises To Fresh Multi-month Highs Against European Majors

February 5th, 2010

The US dollar spiked higher against its major rivals in early Asian trading on Friday and touched new multi-month highs against the European majors. With the dollar on the rise, stocks tumbled around the world, intensifying risk aversion and interest in the world’s…


Pound Plummets Against Major Rivals Amid BoE Rate Decision

February 5th, 2010

The British currency plummeted against major currencies after the report of Bank of England’s interest rate decision in New York morning deals on Thursday. Today, the Monetary Policy Committee of the Bank of England, led by Governor Mervyn King, decided to retain…


Euro Plunges Further Against Majors After ECB Interest Rate Decision

February 5th, 2010

The European common currency plunged further against major opponents following the announcement of European Central Bank’s interest rate decision in early New York morning trading on Thursday. The European Central Bank today kept its key interest rate unchanged at a record low for the…


Aussie Tumbles On Retail Sales Report

February 4th, 2010

The Australian dollar edged down against its major counterparts in early Asian trading on Thursday following the release of a worse-than-expected Australian retail sales figures for the month of December. The aussie reached a new 6-week low against the US dollar and 2-day…



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Risk Disclosure: Forex Trading on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with forex trading market, and seek advice from an independent financial advisor if you have any doubts with forex trading.