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Best Exchange Rate

Best Exchange Rate

One problem common to people to exchange currency is money-related problems. They often worry about how to save money, how they could get the best deals with the amount of money they have, how to keep their money safe, and other things concerning money. Of course, it also follows that individuals and businesses also want to get the best exchange rate so they could get the best from their money’s worth. To help with this, a tip on how to get the best exchange rate will be presented below.

You can research about the best exchange rates offered by banks, airports, and credit card or debit card services. It is also best to consider exchanging your money with Currencychange.eu since they are most recommended by a number of individuals and businesses worldwide for their competitive exchange rates. Currency Change already established their name in terms of providing their clients with the best exchange rates and expert service.

Exchanging money with Currency Change is as easy as 1, 2, 3. All you have to do is follow these procedures:

1. REGISTER: Visit www.currencychange.eu and click the “open an account” icon on the sidebar. Doing so will officially register you with their service. Take note that opening an account or registering is free of charge. If sending an email is a better option for you, you could simply send them an email via registration@currencychange.eu You could also register by calling them on +44 (0)20 7373 2686.

2. GET A QUOTE: To get the best exchange rates, you could opt to get a quote of the best rates first before exchanging your money. Just click the “get a free quote” icon on the sidebar of their site and wait for the reply of their dealer. After receiving the quote, you have the option to continue the transaction or not. It is likely that you will confirm the transaction because Currency Change gives the best exchange rates all the time.

3. MONEY TRANSFER: It must be noted that Currency Change does not accept cash or cheques, so what you have to do upon confirming the transaction is send your money through your bank. Upon receiving your money, they will immediately exchange your money with the currency you ordered and send the exchanged money back to your bank. They accept transactions with banks worldwide, so there won’t really be hassles wherever you are in the world.

Currency Change is definitely the perfect choice if you want to get the best value for your money and if you want an assurance that the transaction would be safe and efficient. For more information, visit www.currencychange.eu

Archived under Exchange Rates Comments

What is Technical Analysis?

What is Technical Analysis?

In investing, fundamental analysis is the analysis of the fundamentals of a company, i.e. whether its business is thriving or going down the pan. Technical analysis doesn’t concern itself with company fundamentals, it attempts to predict the future price of a stock based on previous prices and charts. Stock charts are a reflection of price movements over time and the volumes of stocks traded.

According to technical analysis any news about a company can be seen in the charts first and if you are adept at reading the signs then you will see which way a stock price is headed before any news is announced by the company.
Technical analysis is based on the following assumptions – prices are determined by supply and demand, supply and demand is a result of both rational and irrational behaviors, prices move in trends and these trends are generally long-lasting, changes in supply and demand can be spotted by analyzing the way the stock price behaves.

Why bother with technical analysis?

It is easier than fundamental analysis and faster.

It does not make us of company accounts and therefore cannot be manipulated by companies, it tells you what to buy and sell and when. Technical analysis based on the behavior of crowds, if people expect a certain thing to happen upon a certain signal, then they will react in a particular way when they see that signal. If enough people react in the same way then the expected outcome is achieved and the analysis becomes self-fulfilling i.e. a stock price goes up because enough people buy the stock because they expected it to go up. Many hundreds of expert analysts use technical analysis and thus influence stock prices by reacting to the same signals.

There are many indicators that are used in technical analysis, but one of the principal indicators is the 200 day moving average. If a stock falls below its 200 day moving average this is considered a bad signal and people tend to sell the stock. If a stock goes above its 200 day moving average this is generally considered a good sign and people tend to buy.

If 80% of stocks in the stock market are above their 200-day moving averages, this is considered to be overbought and so people tend to sell the market. If less than 20% of stocks are above their 200-day moving averages, this is considered to be oversold and a signal to buy.

There are many other indicators used in technical analysis such as the relative strength index, Bollinger bands etc… and any online stock trading site will allow you to include them automatically on any charts you may wish to look at, you don’t need to work them out yourself. A study of all the different indicators is probably not necessary but if you are serious about investing or trading the stock market you will certainly need to learn about the main indicators.

Archived under Technical Analysis Comments

FX Trading for Beginners

FX Trading for Beginners

The foreign currency exchange market, also known as forex or FX, is the largest financial market in the world in terms of volumes traded. Forex is a global market that does not have a single geographical, financial or regulatory centre. It operates on a 24-hour-a-day basis and is closed only at the weekend. FX traders attempt to correctly anticipate increases or decreases in the value of one currency as measured against another.

FX prices are always quoted in a pair and forex trading is essentially the purchase of one currency and the simultaneous sale of another. Some of the most commonly traded FX pairs are the Euro against the US Dollar (EUR/USD), the Euro against the British Pound (EUR/GBP), the British Pound against the US Dollar (GBP/USD) and the US Dollar against the Japanese Yen (USD/JPY).

The currency quoted first in the pair is the so-called base currency.

The second quoted currency is the variable; a GBP/USD price of 1.605 means that £1 is equal to $ 1.605.

FX spread betting involves speculating on price movements of a particular currency pair. It is a type of derivative trading, which means you do not actually own the underlying currencies.

Instead, FX spread betting involves price movements that translate into points; a particular currency movement translates into a point movement, up or down.

The total profit or loss from spread betting is calculated by the number of points, up or down, and if this increase/decrease was correctly anticipated. That difference is then multiplied by your trade size. FX spread betting uses leverage, meaning the total points movement is magnified in terms of financial value. This can result in amplified profits and losses.

FX Resources

Typically, economic data includes: national unemployment figures, updates on government budgets, surpluses or deficits and official speeches. Any of these can affect currency prices and it is essential to factor such information into your trading strategy.

FX trading resources can help keep you on top of the market, supply you with background information, trading news, third party analysis and economic data. In order to start trading FX, you can apply for an account with an FX broker or spread betting company like Financial Spreads.

FX brokers offer different types of accounts, prices and terms and conditions. They also occasionally offer promotions such as special deals, free offers and packages. A common feature of many FX trading accounts is a charting package, these can help you understand FX by depicting price movements over a period of time. Information and news resources are sometimes part of an account package

You can also get third party research, analysis, trading tips, market overviews and insights. Seminars and training sessions can also be helpful. Note that some third party research and analysis is free but you’ll normally have to pay for the better quality reports.

Spread betting does involve a high degree of risk to your funds and you can lose more than your initial stake. Please ensure that it matches your investment requirements as it might not be suitable for all classes of investor. Before making any trades, make sure that you fully appreciate the risk. Only spread bet with funds that you can afford to lose. Obtain independent financial advice if necessary.

Archived under FX News Comments

Reservoir Pips Review

Reservoir Pips Review

Reservoir Pips launched today! Reservoir Pips is a new Expert Advisor from Next Generation FX Trading company which claims to have created a robot that trades with an accuracy as high as 100%. It was tested by the developers, who are professional traders themselves, for 12 months to achieve such a winning rate on the EUR/USD currency pair on a 30 minutes chart and they emphasize that it was not achieved by simply removing a stop loss. They have focused on save trading and have tested it well before going live. The robot is still being tweaked on the ongoing basis to adapt to changing market conditions.

Reservoir Pips’ features:

100% automated
Easy 5 minute installation
Works on Meta Trader 4 platform
Trades EURUSD on 30 minute time frame
Doesn’t require any special Forex trading skills
Comes with 60-day 100% money back guarantee

Some more details:

Cost: $ 97
Guarantee: 60 days 100% Money Back
Currency pairs supported: EUR/USD

Otherwise, As most of the other forex trading robots, Reservoir Pips is fully automated, works on MetaTrader 4 platform and should be easy to use.

ONLY LIMITED COPIES of Reservoir Pips will be released to the public. So if you are even slightly interested i recommend you find out more about Reservoir Pips today!

A simple forex trading strategy that is fully automated with an expert advisor computer program to autotrade. Average 176 pips per month with little drawdown.

What do you understand by the term pip? Definition for the term may confuse you if you are new to the forex market. Here is everything you need to know about pips, what they are and how they are important to the forex market.

#1- Definition-a pip is essentially the smallest price unit that is traded with respect to a currency. It is actually a shortened form of ‘percentage in points’. As most currencies are usually traded up to four decimal points, a pip would indicate a value of.0001 i.e. one hundredths of a cent! Sounds incredibly tiny? Well, not really! You see, a standard trade in the forex market would translate into a value of $ 100000. So, a pip here would be equal to $ 10! Doesn’t sound that tiny now, does it?

#2-The Spread- currency trading always comes in pairs. So, if you are buying a currency, you are naturally selling another. In actively traded pairs, the spread may be as little as 2 pips.

#3-The Pips spread- this is very important to you as a trader. In a forex market, there are no broker fees to be paid. However, the difference in spread is the total cost for the transaction. You should always take this into consideration when you are estimating profits.

#4- The Factors Affecting the Pip Spread- the currencies that are active on the market have a lower pip spread. However, you should remember that these pip spreads are not fixed. They may fluctuate with changes in the market. It is a better idea to verify the spread offered by your broker before you go for a trade.

#5-The Pip Value- as a forex trader, you understand that the currencies are fluctuating all the time. So how do you decide the pip value? If a USD is your base currency, divide a pip with the exchange rate and that’s your pip value! If the USD is the quote currency, your task is easy! Your value is 1 pip itself!

Your profits in the forex market are calculated through a pip- definitions are only the first step in understanding them!

 

Read More Here…

Archived under Pips Comments

Exchange Rates And Trading

Exchange Rates And Trading

In a time of recession, it is common knowledge that money does not come easy. For the past few years, we have seen businesses close down, executives quitting their jobs, and more and more people filing for unemployment. One has not probably realized that there are jobs that continue to remain lucrative despite the fluctuating economy — this would be the trading market. Did you know that these trade exchanges amount to as much as trillions in about 24 hours? Exchange rates are of the essence, and before you can get into the world of trading, you need to make sure that you have extensive knowledge, skills and understanding of how the financial market works.
Money never sleeps, and such is the case in this market. Online foreign exchange trading has gained more popularity than it ever has in the last few years, and this is mainly because of the limitless profit that can it bring you once you are successful. Why should you try trading and gaining a better understanding of exchange rates? The following tips can help you make an informed decision.
If you are new to the world of exchange trading, make sure that you tread lightly. A beginner trader should put their investments into the more stable markets first before getting into the more competitive markets. It may not provide you huge returns of investment immediately, but at least you are able to know the ropes and understand the process before getting into the bigger arenas. It is always advisable to stick to less volatile markets before making any huge trades. Long term investments will also be ideal, especially if you plan to be a serious trader. While there is profit in short term urgencies, the more strategic, long term investments will really be able to give you the most bang for your buck.
As with any type of investment, there are risks involved, and exchange rate risks are common to companies that buy or sell goods in the international market. There may be less security in a trading career than there is when you are employed in a 9 to 5 job, but you will be amazed at the kind of growth advancement this can bring.
What does one need to get started? As with all other jobs, intimate knowledge and understanding of how the market works is not just nice to have, it will define how much you are able to gain or lose. Do your research and ensure that you acquire all the skills first before you jump into bigger opportunities. This is going to be a job that will entail analysis, decision making and a can do attitude!
You can certainly take advantage of this profitable and rewarding career. Just make sure that you keep your eye peeled on market trends and evaluate your decisions regularly to ensure that you are keeping up with the system. With exchange trading, you will notice that your work hours become less and you get to have more time with your family and loved ones.

Archived under Exchange Rates Comments

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