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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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Swiss Franc Trades Near 5-week High Against Euro Following SNB Comments

Thursday, June 18th, 2009

Thursday, the Swiss franc surged up to near a 5-week high against the European currency after the Swiss National Bank said it had been successful in stemming the domestic currency’s appreciation against the euro.

The franc also edged higher against…


Most Southeast Asian Currencies Decline Against Dollar

Tuesday, June 2nd, 2009

Tuesday morning in Asia, most Southeast Asian currencies slipped against the U.S. dollar. Thus the Indian rupee, Malaysian ringgit and the Taiwan dollar dropped from new multi-month highs against their U.S. counterpart.

The currencies edged down despite a gain in…


Pound goes further, pulling away from parity

Wednesday, February 11th, 2009

Two months ago, all the talk in the foreign exchange market was of the pound falling to parity against the euro. What is more, at the end of last month, some seasoned market observers were even suggesting that it was…


Citic Pacific faces $2bn in forex losses

Tuesday, October 21st, 2008

A Chinese government conglomerate is facing billions of dollars in losses after traders made what the company said were unauthorised one-way bets against the US currency.

Citic Pacific, the Hong Kong-listed arm of China International Trust and Investment Corp, said…


Japanese Yen Slumps To New Multi-day Lows Against Most Majors

Thursday, April 3rd, 2008

Thursday, April 03, 2008 4:14:55 AM – Thursday in Asia, the Japanese yen dropped to new multi-day lows against most of its major counterparts as rally in stocks gave traders confidence to buy higher-yielding assets funded with loans from Japan.…


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Friday, December 28th, 2007

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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.