FOREX

Complete Guide

2008-10-02T01:29:00.000-07:00

following are the links to online books on complete guide on forex.follow the links to download the online pdf forex books.

241 Forex
4 Hour MACD Trading System [rar]
80 Trading Strategies For Forex
A Quick Guide To Trading Forex
Amazing Forex System
FX Power Trading Course
FX Wizard
Forex For Everyone
Forex Online Manual For Successful Trading
Forex Trader E-book
Forex Trading with Candlestick and Pattern #1
Forex Trading With Candlestick And Pattern #2
Forex Trading Course
Forex Trade Book
Forex Trading For Maximum Profit [djvu]
ICWR Forex Trading Strategy
NFP Trading System [rar]
Not So Squeezy
One More Zero How To Trade Forex Like A Pro In One Hour
Peter Bain TradingSmarts [rar]
Practical Fibonacci Methods For Forex Trading
Rapid Forex Trading E-books [rar]
Realtime Forex
RTFX Online Forex Tutorial
Study Book For Successful Forex Dealing
The Day Trade Forex System : The Ultimate Guide To Forex
Trading For A Living In The Forex Market
Trading System eZine [rar]
Trading The NFP Report
VanessaFX Advanced Systems

Everforex-Forex Tips and tricks online books

Chart Analysis & Technical Indicators

2008-10-02T01:28:00.000-07:00

following are the links to online books on 'Chart Analysis & Technical Indicators' on forex.
follow the links to download the online pdf forex books.
5/13/62

1-2-3 Trading Signal
Advanced Channeling Patterns: Wolfe Waves & Gartleys
Andrews' Pitchfork
An Introduction to Charting
Basic Guide To Understanding Elliot Wave
Beyond Candlesticks
Bollinger Bands: Using Volatility
Camarilla Levels
Candlestick Patterns for Day Trading
Candlestick Charting Explained
Cashing In On Short-Term Currency Trends
Chart Formations
Chart Pattterns & Technical Indicators
Chart Patterns Tutorial
Congestion Markets: Estimating A Breakout Target
Crossing Over To The Forex Market
Day Trading Wizard
Detecting Breakouts From Flags & Pennants
Divergence
Elite Trader's Secrets
Elliott Waves: A Comprehensive Course on The Wave Principle
Elliot Wave Principle: Applied To The Forex Markets [djvu]
Encyclopedia Of Chart Patterns
Fibonacci Studies
Forex As The Trader's Alternative
General Observations & Thoughts On Trading GBP
Hidden Divergence
Ichimoku & Heiken Ashi [rar]
Japanese Candlesticks
Joe Ross Trading Manual [rar]
Make The Trend Your Friend In Forex
Market Timing With Cyclical Analysis
Mastering The Candlestick Patterns
Metastock Chart Patterns Tutorial
Multiple Patterns, Multiple Timeframes
Murray Math Trading System [rar]
New Twist On An Old Indicator
Peaks & Troughs
Pivot Points
Practical Elliott Wave Trading Strategies
Reverse Divergences and Momentum
Spread Trade To Win
TD Sequential
Technical Analysis by MPFX
Technical Analysis In Forex: A Layman's Guide
Technical Analysis from A to Z
Technical Indicators Tutorial
The Eleven Elliott Wave Patterns
The Fractal's Edge
The Fractal's Edge : Basic User's Guide
The Law of Charts
The Triangle Trading Method
The Truth About Fibonacci Trading
Trade 7 Chart Patterns That Consistently Make Money
Trade Breakout For Bigger Profit Potential
Trend Determination
Trend vs. No Trend
TTE
Wolfe Waves

Everforex-Forex Tips and tricks online books

Simple Guide -everforex

2008-10-02T01:27:00.001-07:00

following are the links to online books on 'Simple Guide' on forex.
follow the links to download the online pdf forex books.

18 Trading Champions
Automated Trading
Avoiding Mistakes In Forex Trading
Cooking In The Forex
Currency Trading Vehicles
Day Trading The Forex Market
Forex Market Conditions
Glossary of Forex Terminology
Guide To Effective Day Trading
Historical Testing
Introduction To Forex
Lifestyles of the Rich and Pipped
Make The Currency Cross Your Boss
Online Trading Academy [rar]
Predicting Price Action
Professional Traders Still Day Trade
Putting It All Together
Sharpening Your Trading Skills
Short Term Traders
Signal Selection
The 10 Keys To Successful Forex Trading
The Colour of Money
The Colour of Money #2
The Forex Market Phenomena
The Six Forces Of Forex
The Trader Business Plan
The Trading Game
The Way To Trade Forex
Using COT Report To Forecast FX Movements
When To Trade
Welcome To Forex
Your Trading Plan

Everforex-Forex Tips and tricks online books

Fundamentals

2008-10-02T01:26:00.000-07:00

following are the links to online books on 'Fundamentals' on forex.
follow the links to download the online pdf forex books.

Economic Indicators
IFTA Fundamentals
Fact Sheet of The Forex Market
Forex and Money Market Transactions
Market Movement
Macroeconomic Implications of The Beliefs & Behavior of FX Traders
The Foreign Exchange Market in the United States [rar]
The New York Session
The Permanent Importance of Durable Goods
U.S. Key Economic Indicators
What moves the currency market
Most Market Moving Economic Indicators

Everforex-Forex Tips and tricks online books

Psychology -everforex

2008-10-02T01:25:00.000-07:00

following are the links to online books on 'Psychology' on forex.
follow the links to download the online pdf forex books.

25 Discipline For Day Trading
25 Rules of Millionaire Traders
7 Habits of a Highly Successful Trader
10% of Traders Go Bankrupt
Expose Yourself !
Got Your Trading Style Figured Out ?
How To Become A Stressfree Trader
How To Trade Better
Investment Psychology Explained
Learning To Trade
Maintain Your Mindset
Mental Fitness for Traders
Mindset of Millionaire Traders
My Fairy God Trader
Oh, Crap
Phantom's Gift
Strategy : 10
Stop Losses Are For Sissies
Trading In mind
The Disciplined Trader
The Market as Mass Mind
The Miracle of Discipline
The Secrets To Emotion Free Trading
The Woodchuck & The Possum
Trading In The Zone
Who Are You ?
Your Personality & Successful Trading

Everforex-Forex Tips and tricks online books

Money Management

2008-10-02T01:24:00.000-07:00

following are the links to online books on 'Money Management' on forex.
follow the links to download the online pdf forex books.

Fine-Tuning Your Money Management System
Forex Money Management
Managing Your Money
Money Management: Controlling Risk And Capturing Profits
Money Management & Risk Control For Traders
Money Management In Gambling
Money Management In Trading
Position-sizing Effects on Trader Performance
Special Report On Money Management
The Mathematics of Money Management
The Truth About Money Management

Everforex-Forex Tips and tricks online books

Forex Articles - Everforex

2008-10-02T01:22:00.000-07:00

following are the links to online books on 'Forex Articles' on forex.
follow the links to download the online pdf forex books.

Currency Trading For The Rest of Us
Dollar Plays Follow The Leader
Forex : Behind The Scenes
Forex : Cash vs Exchange Traded
Guide To Currency Trading
Introduction To Forex
Mechanical System Trading : Step By Step
Simplicity Is Best
Taking The Commodity Out of Currencies
The Discerning Trader
The History And Advantages of Forex Trading
The Interaction Between The Frequency of Market Quotations, Spread and Volatility In Forex
The Trader's Journal #Dec 2006
The Trader's Journal #Jan 2007
Tradersworld #30
Tradersworld #31

Everforex-Forex Tips and tricks online books

Everforex-Other Popular Trading E-Books

2008-10-02T01:21:00.001-07:00

following are the links to online books on 'Other Popular Trading E-Books' on forex.
follow the links to download the online pdf forex books.
forex tips and tricks books

A Complete Guide to Technical Trading Tactics
A Mathematician Plays The Stock Market
A Practical Guide To Swing Trading
Come Into My Trading Room
Dave Landry On Swing Trading
Fooled By Randomness
Intermarket Technical Analysis
Long-Term Secrets To Short-Term Trading
Mastering Elliott Wave
Reminiscences of A Stock Operator
Steve Nison Japanese Candlesticks Charting Techniques
Stock Market Wizards
Technical Analysis of The Financial Markets
The Compleat Day Trader
The Compleat Day Trader II
The Day Trader's Manual
The Logical Trader : Applying A Method To The Madness
The New Market Wizards
The New Technical Trader
The Original Turtle Trading Rules
The Strategic Electronic Day Trader
Trading As A Business [rar]
Trading Chaos : Applying Expert Techniques to Maximize your Profits
Trading For A Living
Trade Your Way To Financial Freedom
Trading With DiNapoli Levels

Everforex- Forex Trading Information

2008-10-02T01:16:00.000-07:00

FOREX — the foreign exchange (currency or forex, or FX) market is the and the most liquid financial market with the daily volume of more than $3.2 trillion. Trading on this market involves buying and selling world currencies taking the profit from the exchange rates difference. Forex trading can yield high profits, but it is also very risky. Everyone can participate in Forex trading via the Forex brokers and Everforex lets you understand forex in a better way.

few of the Forex Brokers

MetaTrader 4 Forex Brokers — a list of Forex brokerage firms which support MetaTrader 4 Forex trading software as their trading platform.

PayPal Forex Brokers — a list of Forex brokers accepting PayPal on-line payment system as a way to deposit/withdraw money to/from customers' accounts.

WebMoney Forex Brokers — a list of Forex brokers that accept WebMoney e-currency system as the fast deposit/witdhrawal method, offering high security combined with the fast transfers.

Muslim Friendly Forex Brokers — a list of Forex brokers which try to be friendly to Muslim Forex traders offering "no-interest" margin accounts.

Forex Brokers with Web Based Platform — a list of Forex brokers which fully support Forex trading without installing any trading software.

Forex Brokers with Advanced Trading Platform — a list of Forex brokers with unique and powerful Forex trading software.

Institutional Forex Brokers — a list of on-line Forex brokers which are backed by strong and respected off-line financial companies.

Forex Brokers with CFD Trading — a list of Forex broker companies that allow their traders to trade not only Forex, but also CFDs (Contracts for Difference).

ECN Forex Brokers — a list of on-line Forex brokers which act as ECNs (Electronic Communication Network) offering Forex traders highly competitive spreads.

e-gold Forex Brokers — a list of Forex brokers which accept e-gold payment system as the method of depositing/withdrawing funds to/from the trading accounts.

All Forex Brokers — a detailed list of all on-line Forex brokers with descriptions without breaking down into specific categories. A rather large list.

A full list of retail Forex broker companies that offer on-line Forex trading services:

Sort by: Order | Minimum Account | Traders' Rating | Name

Forex Broker Name	Min. Account Size	MT4	WebMoney	CFD	Browser-based Platform	Registered with any Regulator	Easy On-line Account Opening	Rating
Easy-Forex	$50	-	-	-	+	+	+	5.2
FXOpen	$1	+	+	-	-	+	+	8.9
MasterForex	$1	+	+	+	-	+	+	5.5
InstaForex	$10	+	+	+	-	-	+	5.5
FXcast	$10	+	+	-	-	-	+	6.0
Marketiva	$1	-	+	-	-	+	+	5.8
LiteForex	$0.01	+	+	+	-	+	+	4.8
Finexo	$100	-	-	+	+	+	+	7.9
Ava FX	$100	-	+	-	-	-	+	7.1
eToro	$50	-	-	-	-	-	+	4.7
ForexYard	$100	-	-	-	+	-	+	5.3
HY Markets	$50	-	-	-	+	+	+	7.3
Forex WebTrader	$25	-	-	-	+	-	+	6.2
Alpari	$200	+	-	-	-	+	+	7.8
FXCM	$300	-	-	-	-	+	+	6.8
GFT Forex	$250	-	-	-	-	+	+	4.8
OANDA	$1	-	-	-	+	+	+	6.2
Saxo Bank	$2,000	-	-	+	-	+	-	7.3
Interbank FX	$250	+	-	-	-	+	-	7.2
Forex.com	$250	+	-	-	+	+	-	5.0
Forex Broker Name	Min. Account Size	MT4	WebMoney	CFD	Browser-based Platform	Registered with any Regulator	Easy On-line Account Opening	Rating
Realtime Forex	$3,000	-	-	-	-	+	+	5.3
ACM	$2,000	-	-	-	+	+	-	5.3
Deutsche Bank FOREX	$5,000	-	-	-	-	+	-	6.8
FX Solutions	$250	-	-	-	-	+	-	5.1
CMS Forex	$200	-	-	-	-	+	+	4.3
Interactive Brokers	$5,000	-	-	+	+	+	+	6.3
X-Trade Brokers	$2,000	+	-	+	-	+	-	5.8
MB Trading	$400	-	-	-	-	+	-	7.3
Tadawul FX	$1,000	+	-	-	-	+	-	4.2
Forex.CH	$2,000	-	-	-	-	+	-	5.1
Finotec	$200	-	-	+	-	-	+	5.2
Hotspot FX	$7,500	+	-	-	-	+	-	6.0
EFX Group	$400	-	-	-	-	+	+	5.0
ECN broker	$200	-	-	-	-	+	+	5.5
PFG Forex	$1,000	-	-	-	-	+	+	5.7
Dukascopy	$50,000	-	-	-	-	+	-	6.8
High Street Networking	$100	-	+	-	+	-	-	2.3
Real Trade	$20	+	+	+	-	-	+	2.9
Forex Club	$10	-	-	-	-	+	+	3.4
Crown Forex	$300	+	-	-	-	+	-	5.3
Forex Broker Name	Min. Account Size	MT4	WebMoney	CFD	Browser-based Platform	Registered with any Regulator	Easy On-line Account Opening	Rating
MIG Investments	$5,000	+	-	-	-	+	-	4.9
RCG fxtrader	$5,000	-	-	-	-	+	-	2.0
Questrade FX	$250	-	-	-	+	+	-	4.3
IKON GM – Royal Division	$2,500	+	-	-	-	+	-	5.8
ODL Securities	$2,000	+	-	+	-	+	+	7.2
MGFOREX	$200	-	-	-	-	+	-	4.7
MF Global	$10,000	-	-	+	-	+	-	5.5
IG Markets	$200	-	-	+	+	+	+	5.0
IFX Markets	$500	+	-	-	-	+	+	8.2
MoneyForex	$250	-	-	-	-	+	+	5.2
Pip Forex	$200	-	-	-	-	+	+	5.8
CMC Markets	$2,000	-	-	-	-	+	-	10.0
IFC Markets	$1	-	+	-	-	+	+	8.0
Neuimex	$400	+	+	+	-	+	+	5.6
MFN	$500	-	-	+	-	-	+	5.3
Invest2Forex	$1000	+	-	-	-	+	-	7.4
iFOREX	$100	-	-	-	+	-	+	3.5
FIBOGroup	$300	+	-	+	-	-	+	4.2
FXDD	$500	+	-	-	-	-	+	6.7
Synthesis Bank	$10,000	-	-	+	-	+	+	7.0
Forex Broker Name	Min. Account Size	MT4	WebMoney	CFD	Browser-based Platform	Registered with any Regulator	Easy On-line Account Opening	Rating
iTradeFX	$300	-	-	-	-	+	+	5.1
ActiveTrades	€250	+	-	+	+	+	+	7.3
ABN AMRO marketindex	£1	-	-	+	+	+	+	6.0
GCI Financial	$500	-	-	+	-	-	+	6.9
Forex Trading Edge	$1,000	+	-	-	+	+	+	3.4
Xforex	$50	-	-	-	+	-	+	4.0
CitiFX	$10,000	-	-	-	-	+	-	4.3
VarengoldBankFX	$1,000	+	-	+	-	+	-	5.4
FxPro	$100	+	-	+	-	+	+	7.4
GFS Forex & Futures	$500	-	-	-	-	+	+	4.0
DeltaStock	$100	-	-	+	+	+	-	7.5
Forex-Metal	$50	+	+	+	-	+	+	5.8
TradeView Forex	$2,500	+	-	-	-	+	-	5.1
One Financial	$1,000	-	-	+	+	+	-	3.4
Exto Capital	$5,000	-	-	-	+	+	-	3.5
NobleTrading	$250	-	-	-	+	+	+	2.0
NordMarkets	$1,000	-	-	-	-	+	-	3.0
GDI Markets	$10,000	-	-	+	-	+	-	3.0
FastBrokers	$500	+	-	-	-	+	+	7.2
FXCM Micro	$25	-	-	-	-	+	+	7.2
Forex Broker Name	Min. Account Size	MT4	WebMoney	CFD	Browser-based Platform	Registered with any Regulator	Easy On-line Account Opening	Rating
FXD24	$250	+	+	-	-	-	+	5.8
Fit Markets	$500	-	-	-	+	+	-	4.0
Ingot Brokers	$100	+	-	+	-	+	-	10.0

Forex Terms

2007-10-14T02:04:00.000-07:00

Appreciation - A currency is said to 慳ppreciate ?when it strengthens in price in response to market demand.

Arbitrage - The purchase or sale of an instrument and simultaneous taking of an equal and opposite position in a related market, in order to take advantage of small price differentials between markets.

Around - Dealer jargon used in quoting when the forward premium/discount is near parity. For example, 搕wo-two around?would translate into 2 points to either side of the present spot.

Ask Rate - The rate at which a financial instrument if offered for sale (as in bid/ask spread).

Asset Allocation - Investment practice that divides funds among different markets to achieve diversification for risk management purposes and/or expected returns consistent with an investor抯 objectives.

Back Office - The departments and processes related to the settlement of financial transactions.

Balance of Trade - The value of a country抯 exports minus its imports.

Base Currency - In general terms, the base currency is the currency in which an investor or issuer maintains its book of accounts. In the FX markets, the US Dollar is normally considered the 慴ase?currency for quotes, meaning that quotes are expressed as a unit of $1 USD per the other currency quoted in the pair. The primary exceptions to this rule are the British Pound, the Euro and the Australian Dollar.

Bear Market - A market distinguished by declining prices.

Bid Rate - The rate at which a trader is willing to buy a currency.

Bid/Ask Spread - The difference between the bid and offer price, and the most widely used measure of market liquidity.

Big Figure - Dealer expression referring to the first few digits of an exchange rate. These digits rarely change in normal market fluctuations, and therefore are omitted in dealer quotes, especially in times of high market activity. For example, a USD/Yen rate might be 107.30/107.35, but would be quoted verbally without the first three digits i.e. ?0/35?

Book - In a professional trading environment, a 慴ook?is the summary of a trader抯 or desk抯 total positions.

Broker - An individual or firm that acts as an intermediary, putting together buyers and sellers for a fee or commission. In contrast, a 慸ealer?commits capital and takes one side of a position, hoping to earn a spread (profit) by closing out the position in a subsequent trade with another party.

Bretton Woods Agreement of 1944 - An agreement that established fixed foreign exchange rates for major currencies, provided for central bank intervention in the currency markets, and pegged the price of gold at US $35 per ounce. The agreement lasted until 1971, when President Nixon overturned the Bretton Woods agreement and established a floating exchange rate for the major currencies.

Bull Market - A market distinguished by rising prices.

Bundesbank - Germany抯 Central Bank.

Forex Player

2007-10-14T02:02:00.000-07:00

The players

Although currency trading is inherently governmental (central banks) and institutional (commercial and investment banks), the foreign exchange market is also the province of non-banking international corporations, hedge funds and individual private investors and speculators. However, technological innovations like the internet have made it feasible for private investors to monitor currency markets and to trade via intermediaries.

The attraction for private investors

The main attractions of currency dealing to private investors are:-

?24-hour trading, 5 days a week with continuous access to global dealers
?An enormous liquid market making it easy to exchange most currencies
?Volatile markets offering profit opportunities
?Recognised instruments for controlling risk exposure
?The ability to profit in rising or falling markets
?Leveraged trading with low margin requirements
?Zero dealing commission

Five ways to trade forex

Private investors can trade directly or indirectly in foreign exchange through: -

?the spot market
?forwards and futures
?options
?contracts for difference
?spread betting

We shall examine each of these instruments in turn, but first a risk warning.

What is the INTERBANK?

2007-10-14T02:01:00.000-07:00

INTERBANK You will often hear the term INTERBANK discussed in FX terminology. This originally, as the name implies was simply banks and large institutions exchanging information about the current rate at which their clients or themselves were prepared to buy or sell a currency. INTER meaning between and Bank meaning deposit taking institutions. The market has moved on to such a degree now that the term interbank now means anybody who is prepared to buy or sell a currency. It could be two individuals or your local travel agent offering to exchange Euros for US Dollars. You will however find that most of the brokers and banks use centralized feeds to insure reliability of quote. The quotes for Bid (buy) and Offer (sell) will all be from reliable sources. These quotes are normally made up of the top 300 or so large institutions. This insures that if they place an order on your behalf that the institutions they have placed the order with is capable of fulfilling the order. Now although we have spoken about orders being fulfilled, it is estimated that anywhere from 70%-90% of the FX market is speculative. In other words the person or institution that bought or sold the currency has no intention of actually taking delivery of the currency. Instead they were solely speculating on the movement of that particular currency.

forex

2007-10-01T11:39:00.000-07:00

The foreign exchange (currency or forex or FX) market exists wherever one currency is traded for another. It is by far the largest financial market in the world, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions. The average daily trade in the global forex markets currently around US$ 1.9 trillion.[1] Retail traders (individuals) are a small fraction of this market and may only participate indirectly through brokers or banks.

The foreign exchange market is unique because of
its trading volume,
the extreme liquidity of the market,
the large number of, and variety of, traders in the market,
its geographical dispersion,
its long trading hours: 24 hours a day (except on weekends),
the variety of factors that affect exchange rates.

According to the BIS,[1] average daily turnover in traditional foreign exchange markets is estimated at $1,880 billion. Daily averages in April for different years, in billions of US dollars, are presented on the chart below:
This $1.88 trillion in global foreign exchange market "traditional" turnover was broken down as follows:
$621 billion in spot transactions
$208 billion in outright forwards
$944 billion in forex swaps
$107 billion estimated gaps in reporting
In addition to "traditional" turnover, $1.26 trillion was traded in derivatives.
Exchange-traded forex futures contracts were introduced in 1972 at the Chicago Mercantile Exchange and are actively traded relative to most other futures contracts. Forex futures volume has grown rapidly in recent years, and accounts for about 7% of the total foreign exchange market volume, according to The Wall Street Journal Europe (5/5/06, p. 20).
Average daily global turnover in traditional foreign exchange market transactions totaled $2.7 trillion in April 2006 according to IFSL estimates based on semi-annual London, New York, Tokyo and Singapore Foreign Exchange Committee data. Overall turnover, including non-traditional foreign exchange derivatives and products traded on exchanges, averaged around $2.9 trillion a day. This was more than ten times the size of the combined daily turnover on all the world’s equity markets. Foreign exchange trading increased by 38% between April 2005 and April 2006 and has more than doubled since 2001. This is largely due to the growing importance of foreign exchange as an asset class and an increase in fund management assets, particularly of hedge funds and pension funds. The diverse selection of execution venues such as internet trading platforms has also made it easier for retail traders to trade in the foreign exchange market. [2]
Because foreign exchange is an OTC market where brokers/dealers negotiate directly with one another, there is no central exchange or clearing house. The biggest geographic trading centre is the UK, primarily London, which according to IFSL estimates has increased its share of global turnover in traditional transactions from 31.3% in April 2004 to 32.4% in April 2006. RPP
The ten most active traders account for almost 73% of trading volume, according to The Wall Street Journal Europe, (2/9/06 p. 20). These large international banks continually provide the market with both bid (buy) and ask (sell) prices. The bid/ask spread is the difference between the price at which a bank or market maker will sell ("ask", or "offer") and the price at which a market-maker will buy ("bid") from a wholesale customer. This spread is minimal for actively traded pairs of currencies, usually 0–3 pips. For example, the bid/ask quote of EUR/USD might be 1.2200/1.2203. Minimum trading size for most deals is usually $100,000.
These spreads might not apply to retail customers at banks, which will routinely mark up the difference to say 1.2100 / 1.2300 for transfers, or say 1.2000 / 1.2400 for banknotes or travelers' checks. Spot prices at market makers vary, but on EUR/USD are usually no more than 3 pips wide (i.e. 0.0003). Competition has greatly increased with pip spreads shrinking on the major pairs to as little as 1 to 2 pips.

source:wikipedia