Forex Dealing Rates Table

A trader is allowed to view different instruments using the dealing rates table window, including current day high and low in single view. A trader can complete the same transactions in the same format as the dealing rates window.

Forex Trading Chart

Charts can be analyzed and altered by tabbing onto charts. You can see charts example and find a chart that suits you.

Important Forex Trading Terms

.Spread
The spread is the difference between the price that you can sell currency at (Bid) and the price you can buy currency at (Ask). The spread on majors is usually 3 pips under normal market conditions. For more information on the trading conditions at Saxo Bank, go to the Account Summary on your Client Station and open the section entitled “Trading Conditions” found in the top right-hand corner of the Account Summary.

.Pips
A pip is the smallest unit by which a cross price quote changes. When trading Forex you will often hear that there is a 3-pip spread when you trade the majors. This spread is revealed when you compare the bid and the ask price, for example EURUSD is quoted at a bid price of 0.9875 and an ask price of 0.9878. The difference is USD 0.0003, which is equal to 3 “pips”.

On a contract or position, the value of a pip can easily be calculated. You know that the EURUSD is quoted with four decimals, so all you have to do is cancel out the four zeros on the amount you trade and you will have the value of one pip. Thus, on a EURUSD 100,000 contract, one pip is USD 10. On a USDJPY 100,000 contract, one pip is equal to 1000 yen, because USDJPY is quoted with only two decimals.

Why Trade Forex?

.24 hour trading
One of the major advantages of trading Forex is the opportunity to trade 24 hours a day from Sunday evening (20:00 GMT) to Friday evening (22:00 GMT). This gives you a unique opportunity to react instantly to breaking news that is affecting the markets.

.Superior liquidity
The Forex market is so liquid that there are always buyers and sellers to trade with. The liquidity of this market, especially that of the major currencies, helps ensure price stability and narrow spreads. The liquidity comes mainly from banks that provide liquidity to investors, companies, institutions and other currency market players.

.No commissions
The fact that Forex is often traded without commissions makes it very attractive as an investment opportunity for investors who want to deal on a frequent basis.
Trading the “majors” is also cheaper than trading other cross because of the high level of liquidity. For more information on the trading conditions of Saxo Bank, go to the Account Summary on your SaxoTrader and open the section entitled “Trading Conditions” found in the top right-hand corner of the Account Summary.

.100:1 Leverage
Leverage (gearing) enables you to hold a position worth up to 100 times more than your margin deposit. For example, a USD 10,000 deposit can command positions of up to USD 1,000,000 through leverage. You can leverage the first USD 25,000 of your investment up to 100 times and additional collateral up to 50 times.

.Profit potential in falling markets
Since the market is constantly moving, there are always trading opportunities, whether a currency is strengthening or weakening in relation to another currency. When you trade currencies, they literally work against each other. If the EURUSD declines, for example, it is because the US dollar gets stronger against the euro and vice versa. So, if you think the EURUSD will decline (that is, that the euro will weaken versus the dollar), you would sell EUR now and then later you buy euro back at a lower price. In case that the EURUSD indeed declines, then you can take your profit. The opposite trading scenario would occur if the EURUSD appreciates.

Trading on Margin

Trading on margin means that you can buy and sell assets that represent more value than the capital in your account. Forex trading is usually conducted with relatively small margin deposits. This is useful since it permits investors to exploit currency exchange rate fluctuations which tend to be very small. A margin of 1.0% means you can trade up to USD 1,000,000 even though you only have USD 10,000 in your account. A margin of 1% corresponds to a 100:1 leverage (or “gearing”). (Because USD 10,000 is 1% of USD 1,000,000.) Using this much leverage enables you to make profits very quickly, but there is also a greater risk of incurring large losses and even being completely wiped out. Therefore, it is inadvisable to maximise your leveraging as the risks can be very high. For more information on the trading conditions of Saxo Bank, go to the Account Summary on your SaxoTrader and open the section entitled “Trading Conditions” found in the top right-hand corner of the Account Summary.

Trading Forex

A currency trade is the simultaneous buying of one currency and selling of another one. The currency combination used in the trade is called a cross (for example, the euro/US dollar, or the GB pound/Japanese yen.). The most commonly traded currencies are the so-called “majors” – EURUSD, USDJPY, USDCHF and GBPUSD.

The most important Forex market is the spot market as it has the largest volume. The market is called the spot market because trades are settled immediately, or “on the spot”. In practice this means two banking days.

Foreign Exchange

This short introduction explains the basics of trading Forex online, a brief explanation of the markets and the major benefits of trading Forex online. There are also two scenarios describing the implications of trading in a bear as well as a bull market to better acquaint you with some of the risks and opportunities of the largest and most liquid market in the world.


As an additional aid for those who are new to Forex, there is also a glossary at the bottom of this text which explains some of the terms used in connection with currency trading.

THEMES TO WATCH – UPCOMING SESSION

.US Feb. Leading Indicators (1400)
.US Mar. Philadelphia Fed (1400)
.US Fed's Tarullo to Testify on Bank Regulation (1430)
.Switzerland SNB's Jordan to Speak (1600)
.US Fed's Braunstein to Testify on Consumer Credit (1830)
New Zealand Feb. Credit Card Spending (0200)

The Fed went straight for Operation Helicopter Drop yesterday with its moves toward outright money printing via debt monetization and a massive expansion of mortgage buying. Specifically, the Fed said that it would buy $300 Billion worth of long-term treasuries (many say from China, which is looking to unload its holdings) and would increase its purchases of mortgage debt to the tune of $750 billion. We were obviously in the strong consensus that the Fed was unlikely to move straight to debt monetization at this time as the magnitude of yesterday's move was directly in proportion with the magnitude of the surprise at the Fed's renewed aggressiveness.

The announcement from the Fed is easily one of the most momentous Fed moves in recent years in terms of importance, similar to the first time the Fed cut rates back in September of 2007 and when it first discussed the idea of debt monetization in December of last year. The move across markets shows that this is a dramatic renewal of the competitive devaluation theme - a race to the bottom by many of the world's central banks in devaluing their currencies. Gold had perhaps its most dramatic day ever on this theme, as longs were apparently squeezed mercilessly before the Fed statement, only to see the Fed's moves sparking a whiplash-inducing new rally. Gold outperformance is likely to continue across the board.

One central bank most definitely at odds with the latest trend in competitive devaluation is the ECB, which is now more at odds than ever with the kinds of moves we have seen recently from the BoE, SNB and now the Fed. The brutal EUR strength will be no help to the EuroZone's economy and it will be interesting to see how the ECB reacts to the challenges posed by the pressure of competitive devaluation. The EU weaklings are all undoubtedly hopping mad at developments here.

For now, looking at EURUSD, the next obvious target for the pair is the 200-day moving average up in the 1.3900 area as our lower target guesses on this move higher were blown away by the Fed's move. While the Fed's moves are very obviously USD bearish for now, we remain very curious how the USD will perform if equities turn tail, as correlations still suggest that the USD moves with risk appetite. A look over at the S&P500 shows the average trading up against the key 800 level and the 55-day moving average slightly above there. This area and the upcoming G20 meeting are the next key pivot points. AUD is outperforming at the moment, due to widespread risk willingness and the sharp rise in metals and other commodity prices.

USDJPY has fallen sharply as one would expect with the dramatic response at the long end of the yield curve (the US 10-year note yields are now more than 50 bps lower from recent highs and are now below 2.50%, a massive drop). We suspect the JPY weakness will pivot back toward strength with renewed risk aversion some time in the near future, but in that event, the interesting JPY trades may be in the non-USD crosses, especially EURJPY and possibly even CHFJPY. Stay tuned.

Chart: GBPUSD
While, the BoE was the first to launch its debt monetization, the Fed's move has seen the USD quickly losing ground versus the pound as the race to the bottom in devaluing currencies continues. GBPUSD is now breaking up through a key descending trendline after having crossed above the 55-day moving average this morning and may be en route to a test of 1.5000 soon.

Dealing Spread, but No Commissions

When trading foreign exchange, you are quoted a dealing spread offering you a buying and a selling level for your trade. Once you accept the offered price and receive confirmation from our dealers, the trade is done. There is no need to call an exchange floor. There are no other time-consuming delays. This is possible due to live streaming prices, which are also a great advantage in times of fast-moving markets: You can see where the market is trading and you know whether your orders are filled or not.

The dealing spread is typically 3-5 points in normal market conditions. This means that you can sell US dollars against the euro at 1.7780 and buy at 1.7785. There are no further costs, commissions or exchange fees.

This ensures that you can get in and out of your trades at very low slippage and many traders are therefore active intra-day traders, given that a typical day in USDEUR presents price swings of 150-200 points.

Base Currency and Variable Currency

When you trade, you will always trade a combination of two currencies. For example, you will buy US dollars and sell euro. Or buy euro and sell Japanese yen, or any other combination of dozens of widely traded currencies. But there is always a long (bought) and a short (sold) side to a trade, which means that you are speculating on the prospect of one of the currencies strengthening in relation to the other.

The trade currency is normally, but not always, the currency with the highest value. When trading US dollars against Singapore dollars, the normal way to trade is buying or selling a fixed amount of US dollars, i.e. USD 1,000,000. When closing the position, the opposite trade is done, again USD 1,000,000. The profit or loss will be apparent in the change of the amount of SGD credited and debited for the two transactions. In other words, your profit or loss will be denominated in SGD, which is known as the price currency. As part of our service, Saxo Bank will automatically exchange your profits and losses into your base currency if you require this.

Trading History

nitially, the value of goods was expressed in terms of other goods, i.e. an economy based on barter between individual market participants. The obvious limitations of such a system encouraged establishing more generally accepted means of exchange at a fairly early stage in history, to set a common benchmark of value. In different economies, everything from teeth to feathers to pretty stones has served this purpose, but soon metals, in particular gold and silver, established themselves as an accepted means of payment as well as a reliable storage of value.

Originally, coins were simply minted from the preferred metal, but in stable political regimes the introduction of a paper form of governmental IOUs (I owe you) gained acceptance during the Middle Ages. Such IOUs, often introduced more successfully through force than persuasion were the basis of modern currencies.

Product Launch Plan Marketing Budget 1

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leveragefx

It's critical for traders to know the zones the professionals may be exiting their trades and reversing at.

One amazing way to know when the day's trend could be over is using statistics. Below you will see 30 minute charts with our Daily Statistical High (Orange Line) and Low (Blue Line) along with our Trend Reversal indicator.

As you can see the market often stalls and/or reverses at the Statistical Daily High and Low. Our Trend Reversal signals (White dots) are also very accurate at letting you know the market may soon reverse.

Forex Signals & Forex Trade Alterts

OUR TRADING TEAM
How much precious time do you spend watching the Forex market trying to identify the right price to BUY or SELL?

Our professional Forex signal trading team monitor the 8 major currency pairs , 24 hours a day. When it’s time to trade, we send the identified BUY or SELL forex signal opportunity directly to your cell phone and and flash more information about the trade directly to our forex software on your computer.

BUILT-IN CHARTING
The 4XFindMe Enhanced version has built-in easy to use streaming real-time forex charts with over 30 available technical indicators. This deluxe charting package allows you to view the forex market in over 5 dozen time frames.
WHY USE A FOREX SIGNAL SERVICE
Remember, you can not always be at the computer when a trade is identified. The Forex Signal service will also send trade alerts with BUY or SELL trade instructions directly to your mobile phone via SMS/TEXT message alerts.

24 Hours Every Day! Go Enjoy Your Life And Let Forex Signal Alert You Only When It’s Time To Trade.

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