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Forex Trading

When an investor is forex trading, they are looking to profit from foreign exchange (ForEx) currency movements. Forex trading is also referred to as currency trading and is done with forex pairs (also called currency pairs). An example of a currency pair is EUR/USD, which represents the differences in values between the US dollar and the Canadian dollar. Therefore, if USD/CAD currently has the Forex Rate of 1.110 then the euro is worth 1.11 times the US dollar (1.11 euro = $1US). If a Forex Trader where to buy 1000 of EUR/USD for 1110 US dollars at this time (therefore buying 1000 euros). Then a week later the euro is 1.35/1 in relation to the US dollar (the pair: EUR/USD would be shown as 1.350) the Forex trader could sell back their 1000 euros to receive 1350 US dollars. Therefore, the investor would be making a profit of $250US ($1350US - $1100US).

Whether a Forex Trader is forex trading USD/CAD or EUR/USD or any other Forex Pair they are always betting that the first currency is going to increase in value versus the second currency. Once this occurs the Forex Trader would sell back the the Forex Pair to make profit off the increase difference between the two currencies.

Forex Trading Twits

- 11/15/2010 1:13 AM
History: AUDJPY, AUDCAD, GBPCHF
$EURUSD: Comments from Fed Lacker overnight that the risks of QE2 outweighed the benefits have weighed on the market a bit.
- 11/15/2010 12:54 AM
History: AUDNZD, CADJPY, USDCAD
USDCHF Daily Forecast: November 15: USDCHF Forecast The USDCHF continued its bullish bias on Friday, topped at 0... http://bit.ly/at22Du
- 11/15/2010 12:53 AM
History: NZDCAD, EURNZD, AUDGBP
My latest on Gold/AUD & $EURGBP http://stk.ly/aYFuPP #gold #forex #aussie $GLD
- 11/14/2010 11:24 PM
History: GBPCAD, CADJPY, AUDCAD
Booking another 1/3 of my GBPUSD long. +122 pips. 1/3 remains open. Expecting a drop to 1.6060 area and plan to add 2/3 there.
- 11/14/2010 5:16 PM
History: AUDNZD, NZDJPY, CADJPY
RT @BlitzFX: $USDCHF http://chart.ly/23cwei6 Emerging Daily Bearish Butterfly -two scenarios.Short entry coincides wt 1-4 Wolfe wave target.
- 11/12/2010 3:15 PM
History: CADJPY, EURNZD, EURCAD
$USDJPY: Second attempt at the 50-Day SMA (82.70) fails to bear fruit. Falls back from a high of 82.65 to trade at 82.42.
- 11/12/2010 2:14 PM
History: GBPAUD, EURCAD, USDCAD
Taking partial profits on $EURUSD mentioned on http://www.dailyfx.com/analyst_picks ahead of the weekend.
- 11/11/2010 7:39 AM
History: USDCAD, USDJPY, EURJPY
AUDUSD - Possible Bullish Hammer on Daily Chart.
- 11/8/2010 9:53 AM
History: EURJPY, GBPJPY, AUDUSD
$GBPUSD http://wp.me/siiLm-3018
- 11/8/2010 9:48 AM
History: GBPEUR, CHFJPY, GBPCAD
#Forex: $USDCAD jumps to 1.0055 high on weak Canadian Housing Starts http://bit.ly/aOw9GH
- 11/8/2010 9:42 AM
History: USDGBP, CADUSD, JPYUSD
EURGBP$: Euro falls to 5WK low against the pound as concern over Ireland`s debt struggles increases demand for Britain`s currency as a haven
- 11/8/2010 9:10 AM
History: AUDJPY, AUDCAD, GBPCHF
$EURUSD: A quiet day has been most welcome after last weeks busy crescendo of QE2 and NFPs, a few Fed speakers up later to note.
- 11/8/2010 8:37 AM
History: CHFJPY, AUDCHF, USDEUR
Trade Idea Update: USDJPY – Stand aside: Dollar`s slipped in line with our expectation in our previous update, ... http://bit.ly/duYpw6
- 11/8/2010 8:25 AM
History: AUDJPY, AUDCAD, GBPCHF
$EURUSD: Going into the N. American open the euro remains on the back foot as sovereign woes in Europe are resurgent.
- 11/8/2010 8:17 AM
History: GBPEUR, CHFJPY, GBPCAD
#Forex: $GBPUSD trapped between 1.6100 support and 1.6170 resistance http://bit.ly/ccKdcp

Forex Trading Blogs

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