Monday November 16, 2009 | ${log.root}/lowem.log Inflation, Investing and Everything |
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A set of pages on the new m.post1.org mobile sub-domain has been created to display the mobile live forex rates for reference by market observers or individuals who are looking into trading currencies. As currency trading is typically highly leveraged, it is critical to choose among the many forex trading platforms available, and it is anticipated that companion tools such as the desktop live forex charts page and this new set of mobile live forex rates pages would come in useful. When the forex market is open during trading hours which are 24/5, or 24 hours a day for the 5 working days of the working week, the real time forex quotes for both the desktop and mobile editions would be automatically updated. For the mobile edition, depending on your mobile browser, if it does not automatically reload, you could click on the refresh link to update the page manually. The following free real-time forex charts are available : US-Europe Currencies Asia-Pacific Currencies Is forex easy? While the basic concepts may be readily understandable, the first being that the market is a means of forex currency exchange, and the next is that the forex exchange rate transactions are done in pairs of one currency traded against another, in terms of increments called pips which are 1/100th fractions of a cent. If that were all that you needed to trade forex, plus an understanding of how the leverage mechanisms work, then that would be it. But the real trick is in deciding which forex pairs to trade and when to trade. A description of the forex spot and futures market follows : Forex spot and futures market The foreign exchange market is the largest and most liquid financial market in the world, with daily turnover over US$3 trillion. The forex market (or currency/FX) lets banks and other institutions easily trade currencies, featuring large trading volumes, liquidity, geographic dispersion, long trading hours (24 hours except weekends), and use of leverage. Forex futures contracts are also actively traded. The US dollar is involved in 86.3% of transactions, the euro 37.0%, yen 17%, and sterling pound 15%. Volume percentages add up to 200% as each transaction involves two currencies. See also : 1. Live spot gold price quotes chart on COMEX (2009-11-16 23:18:06 SGT)
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