Google Search
Saturday, November 14, 2009
Thursday, October 29, 2009
Sunday, August 30, 2009
Forex Exchange Rates Table
This exchange rates table compares the leading currencies in today's market, and can be fully customized to match the appearance of your site.
How to Read a Currency Quote
Currency Pairs and Their Characteristics
-Reserve Currencies
-Commodity Currencies
-Exporter Currencies
-High-risk currencies
Forex Order Types
After examining the basic concepts, let’s briefly discuss how a trade is opened, and look at a few basic ways of controlling risk and managing our funds.
A market order instructs the broker to buy or sell a currency at the current market price. As such, neither the trader, nor the broker has any control over where the trade is executed.
By contrast, a limit order instructs the broker to execute a trade only when a particular price value is reached. No action will be taken until the price quote is reached, regardless of the length of time.
The stop-loss order is a kind of safety mechanism that puts a ceiling over the losses that a misplaced trade can cause.
The trailing-stop order is a relatively uncommon order type. In this case, the stop-loss order is renewed automatically by the trading software at intervals specified by the trader.