Cashflow For Life!

FOREX - the foreign exchange market or currency market or Forex is the market where one currency is traded for another. It is one of the largest markets in the world.

Some of the participants in this market are simply seeking to exchange a foreign currency for their own, like multinational corporations which must pay wages and other expenses in different nations than they sell products in. However, a large part of the market is made up of currency traders, who speculate on movements in exchange rates, much like others would speculate on movements of stock prices. Currency traders try to take advantage of even small fluctuations in exchange rates.

In the foreign exchange market there is little or no ‘inside information’. Exchange rate fluctuations are usually caused by actual monetary flows as well as anticipations on global macroeconomic conditions. Significant news is released publicly so, at least in theory, everyone in the world receives the same news at the same time.

Currencies are traded against one another. Each pair of currencies thus constitutes an individual product and is traditionally noted XXX/YYY, where YYY is the ISO 4217 international three-letter code of the currency into which the price of one unit of XXX currency is expressed. For instance, EUR/USD is the price of the euro expressed in US dollars, as in 1 euro = 1.2045 dollar.

Unlike stocks and futures exchange, foreign exchange is indeed an interbank, over-the-counter (OTC) market which means there is no single universal exchange for specific currency pair. The foreign exchange market operates 24 hours per day throughout the week between individuals with forex brokers, brokers with banks, and banks with banks. If the European session is ended the Asian session or US session will start, so all world currencies can be continually in trade. Traders can react to news when it breaks, rather than waiting for the market to open, as is the case with most other markets.
FOREX - the foreign exchange market or currency market or Forex is the market where one currency is traded for another. It is one of the largest markets in the world.

Some of the participants in this market are simply seeking to exchange a foreign currency for their own, like multinational corporations which must pay wages and other expenses in different nations than they sell products in. However, a large part of the market is made up of currency traders, who speculate on movements in exchange rates, much like others would speculate on movements of stock prices. Currency traders try to take advantage of even small fluctuations in exchange rates.

In the foreign exchange market there is little or no ‘inside information’. Exchange rate fluctuations are usually caused by actual monetary flows as well as anticipations on global macroeconomic conditions. Significant news is released publicly so, at least in theory, everyone in the world receives the same news at the same time.

Currencies are traded against one another. Each pair of currencies thus constitutes an individual product and is traditionally noted XXX/YYY, where YYY is the ISO 4217 international three-letter code of the currency into which the price of one unit of XXX currency is expressed. For instance, EUR/USD is the price of the euro expressed in US dollars, as in 1 euro = 1.2045 dollar.

Unlike stocks and futures exchange, foreign exchange is indeed an interbank, over-the-counter (OTC) market which means there is no single universal exchange for specific currency pair. The foreign exchange market operates 24 hours per day throughout the week between individuals with forex brokers, brokers with banks, and banks with banks. If the European session is ended the Asian session or US session will start, so all world currencies can be continually in trade. Traders can react to news when it breaks, rather than waiting for the market to open, as is the case with most other markets.

Average daily international foreign exchange trading volume was $1.9 trillion in April 2004 according to the BIS study

For more info, see Secrets of Forex Trading Squidoo!

Link to Explore: Think Like a Billionaire Proven Strategies from the Titans of Wealth CD or Instant MP3 Download

Here is a great new audio from Martin S. Fridson. Martin S. Fridson is Managing Director at Merrill Lynch & Co. Inc. and a member of Institutional Investor’s All-America Fixed Income Research Team. He is the author of It Was a Very Good Year, Investment Illusions, and Financial Statement Analysis, all published by Wiley. He serves on the board of the Association for Investment Management and Research.

Here is the descriptdon from Success.Com which publishes this new audio program:

Think Like a Billionaire (Audio CD) Proven Strategies from the Titans of Wealth - Martin S. Fridson: You will get the first comprehensive picture of the real strategies and tactics that built the great business fortunes of our times. Packed with engaging accounts of titans like Lee Iacocca, Warren Buffett, Sam Walton, and Donald Trump.

Think Like a Billionaire will show you principles that can increase your wealth and business acumen to the mogul level. You will learn the story of how these moguls attained billionaire status, not just what you’ve heard from the financial media. This program does not just tell stories about these ingenious individuals. Instead, Martin has isolated and highlighted the methods underlying their extraordinary success. Each information-packed session is organized around a specific strategy or tactic he has discovered that turns up repeatedly in the careers of self-made billionaires. Each session ends with an exercise or set of questions that will help you develop the billionaire mindset. You will learn ideas that will make you money. “Think Like a Billionaire” is the blueprint for success, and every aspiring tycoon will profit from hearing it.

In “Think Like a Billionaire,” you’ll learn:

* The correlation between risk and reward.

* How to reinvent existing ideas that can turn into a fortune.

* Billionaire investment strategies.

* Deal-making the billionaire way.

* How to maximize your market share and how to analyze the right industry to be in.

* How to think big and become a visionary — like a billionaire.

* The truth behind the success of McDonald’s — and it has nothing to do with hamburgers.

* How to conduct yourself and manage your time like a billionaire. * How to interact with others as a billionaire would.

* How to buck conventional wisdom and consistently see past the status quo.

In this new CD you’ll hear some great stories about the best-known billionaires, such as Steve Ballmer and Bill Gates, but you’ll also hear about some you may not have heard of, including Dennis Washington and Kirk Kerkorian, and how they quietly reached a level of wealth that’s obtained by only a select few.