Forex Trading Strategy Session: How To Trade FX Like A Hedge Fund



Daily Trading Strategy For Traders of the Foreign Currency Exchange (FOREX) Watch our videos or attend our live events here: http://Forex.Today May the pips be with you! - Wayne McDonell Chief FX Market Strategist TradersWay.com TradersWay Is A Global Trading ECN Offering: Currencies | Energies | Metals | Indices | Binaries Live Forex Strategy Sessions Monday - Friday 7:30am ET (London Lunch) RISK WARNING Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. 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. Seek education and gain experience before risking real money, but please always remember, your past performance does not guarantee future results. What Is Forex? The foreign exchange market (or "forex" for short) is the biggest financial market in the world, with over $4 trillion worth of transactions occurring every day. Simply, forex is the market in which currencies, or money, are traded in the interbanking system. Forex Tutorial: What is Forex Trading? By Investopedia Staff What Is Forex? The foreign exchange market is the "place" where currencies are traded. Currencies are important to most people around the world, whether they realize it or not, because currencies need to be exchanged in order to conduct foreign trade and business. If you are living in the U.S. and want to buy cheese from France, either you or the company that you buy the cheese from has to pay the French for the cheese in euros (EUR). This means that the U.S. importer would have to exchange the equivalent value of U.S. dollars (USD) into euros. The same goes for traveling. A French tourist in Egypt can't pay in euros to see the pyramids because it's not the locally accepted currency. As such, the tourist has to exchange the euros for the local currency, in this case the Egyptian pound, at the current exchange rate. What is the spot market? More specifically, the spot market is where currencies are bought and sold according to the current price. That price, determined by supply and demand, is a reflection of many things, including current interest rates, economic performance, sentiment towards ongoing political situations (both locally and internationally), as well as the perception of the future performance of one currency against another. When a deal is finalized, this is known as a "spot deal". It is a bilateral transaction by which one party delivers an agreed-upon currency amount to the counter party and receives a specified amount of another currency at the agreed-upon exchange rate value. After a position is closed, the settlement is in cash. Although the spot market is commonly known as one that deals with transactions in the present (rather than the future), these trades actually take two days for settlement. Note that you'll see the terms: FX, forex, foreign-exchange market and currency market. These terms are synonymous and all refer to the forex market.

Comments

  1. Two of my friends use this softwre with me. we love this software.? Still my favorite is ANDY LANK TOOLS
  2. great video telling the truth, I did not need to buy the program to know it is a scam?, i use ANDY LANK METHOD for daily income.
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  4. WAKE UP CALL! ok thanks for slap in face Wayne.
    Weekly least important for spot trader. Economy is different now.
    News channels place importance on CPI as if end of world as they want you to watch channels. Fed doesn't make it's decisions based on CPI figures being reported right now. omg it's the end of the world!!!
    How hot does the water have to get before you realise it's getting warm - are you that frog that's going to get cooked?
    Plan ahead , where do you think euro will be at the end of the year?
    2015-2018 ECB is expanding it's Ms and the Fed is tightening it. 5yrs perhaps.
    Bond market is about to crash...why?
    Chines devaluation ...what would hedge funds do? Other Asian currencies will also devalue to stay competitive. Japan has to keep QE.
    Cornering the Kiwi means ....? NO! not buy like an idiot! buy on dips and jam stops.
    Have two accounts; one for long term and one for day trades or shorter term. In your long term account try to get in and jam stops and build multiple positions!
    £25mio on £5k  in 6months!!! Think. builds a strategy and lower your risk. You should have a 100% margin in your Lt account.
    Next 100 days are critical (I'm still going to see my friends though,can't make promises I can't keep) THE DRAGON IS WAKING...
    hmmmm.......how important was today's message - watch this video!
    Thanks Wayne


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