forex scam

RSS Feed Homepage

Articles: 1, 2

Balance of trade
2007-10-11 05:51:00
Balance of tradeThe balance of trade encompasses the activity of exports and imports, like the work of this cargo ship going through theThe balance of trade (or net exports, sometimes symbolized as NX) is the difference between the monetary value of in an economy over a certain period of time. A positive balance of trade is known as a trade surplus and consists of exporting more than is imported; a negative balance of trade is known as a trade deficit or, informally, a trade gap. The balance of trade is sometimes divided into a goods and a services balance; especially in theDefinitionThe balance of trade forms part of the , which also includes other transactions such as income from the as well as international aid. If the is in surplus, the country's net international asset position increases correspondingly. Equally, a deficit decreases the net international asset position.The trade balance is identical to the difference between a country's output and its domestic demand (the ...
More About: Trade , Balance

Forex Trader's Bill of Rights
2007-10-11 05:50:00
The Forex Trader’s Bill of Rights (2005) is a non-fiction book about the foreign currency trading market, published by OANDA_Corporation. It is primarily a call to arms for currency traders to call for greater transparency and accountability within the market. The overleaf provided with the printed version of the book states: “Big banks and confederated brokerages have overcomplicated forex: trading costs are inflated, unnecessary risk abounds, and the system is grossly unfair.” Essentially, the book elaborates on this premise, detailing ways in which traders are being unfairly treated and encouraging them to take action.OANDA is a company that provides currency trading tools for investors, travelers, and businesses. As such, there is an unavoidable marketing aspect to this publication. However, OANDA is not mentioned throughout the book. There has been a clear effort to maintain a relatively neutral point of view. The back cover does state “OANDA is a leading provider of on...
More About: Bill of Rights

retail forex
2007-10-11 05:48:00
Retail trading is more structured than the forex market as a whole. While forex has been traded since the beginning of , modern retail trading has only been around since about 1996 . Prior to this time, retail investors were limited in their options for entering the forex market. They could create multiple bank accounts, each one denominated in a different currency, and transfer funds from one account to another in order to profit from fluctuating exchange rate. This was troublesome, however, because the transaction costs incurred were large due to the small quantity of funds being converted relative to the size of the market. This transaction type was at the very bottom of the forex pyramid.By 1996, new market makers took advantage of developments in web-based technology that made retail forex trading practical. These internet-based market makers would take the other side of retail trader’s trades. The new companies felt that there was enough liquidity in the forex market, and ev...
More About: Forex , Retail

forex scam
2007-10-06 22:57:00
A forex scam is any trading scheme used to defraud individual traders by convincing them that they can expect to gain an unreasonably high profit by trading in the foreign exchange market, which would be a zero-sum game were it not for the fact that there are brokerage commissions, which technically make forex a "negative-sum" game.These scams might include churning of customer accounts for the purpose of generating commissions, selling software that is supposed to guide the customer to large profits,[1] improperly managed "managed accounts",[2] false advertising,[3] Ponzi schemes and outright fraud.[4] It also refers to any retail forex broker who indicates that trading foreign exchange is a low risk, high profit investment.[5]The U.S. Commodity Futures Trading Commission (CFTC), which loosely regulates the foreign exchange market in the United States, has noted an increase in the amount of unscrupulous activity in the non-bank foreign exchange industry.[6]An official of the Nation...
More About: Forex , Scam

Forex
2007-09-23 19:14:00
The foreign exchange (currency or forex or FX) market exists wherever one is traded for another. It is by far the largest financial market in the world, and includes trading between large banks, and institutions. The average daily trade in the global forex markets currently around 1.9 trillion . Retail traders (individuals) are a small fraction of this market and may only participate indirectly through banks.Market size and liquidityThe foreign exchange market is unique because ofits trading volume,the extreme of the market,the large number of, and variety of, traders in the market,its geographical dispersion,its long trading hours: 24 hours a day (except on weekends),the variety of factors that affectAccording to the average daily turnover in traditional foreign exchange markets is estimated at $1,880 billion. Daily averages in April for different years, in billions of US dollars, are presented on the chart below:This $1.88 trillion in global foreign exchange market "traditi...
More About: Forex