Question by Adam P: Where can i find a currency trading expert?
If i have a good amount of capital and want to trade the currency market but have a bit of knowledge but not as much as an expert , Where could i find someone who can teach me and get paid for their time teaching me? I’m in Ireland
Best answer:
Answer by bob shark
Want to make a small fortune in the Forex Market???
Start with a big Fortune
Give your answer to this question below!
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Question by yrrej_ie: what is a suitable benchmark for currency trading in the Eur, the USD and the BRL?
my home currency is euro and i have made currency trades in dollar and in brazilian currency. i need to compare or benchmark these trades. what is a suitable benchmark for these and also for leaving my euro money on deposit????
Best answer:
Answer by Andrew
The foreign exchange market is the largest and most liquid financial market in the world. Traders include large banks, central banks, currency speculators, corporations, governments, and other financial institutions. The average daily volume in the global foreign exchange and related markets is continuously growing.
Unlike a stock market, the foreign exchange market is divided into levels of access. At the top is the inter-bank market, which is made up of the largest commercial banks and securities dealers. Within the inter-bank market, spreads, which are the difference between the bid and ask prices, are razor sharp and usually unavailable, and not known to players outside the inner circle. The difference between the bid and ask prices widens (from 0-1 pip to 1-2 pips for some currencies such as the EUR). This is due to volume. If a trader can guarantee large numbers of transactions for large amounts, they can demand a smaller difference between the bid and ask price, which is referred to as a better spread.
A list of benchmarks could include:
Euro Currency Trust (FXE)
DB Currency Index Value Fund (DBV)
Australian Dollar Trust (FXA)
British Pound Sterling Trust (FXB)
Canadian Dollar Trust (FXC)
Mexican Peso Trust (FXM)
Swedish Krona Trust (FXS)
Swiss Franc Trust (FXF)
WisdomTree Dreyfus Brazilian Real (BZF)
Just be careful and try to educate yourself. Don’t invest any money that you would actually need. Good luck!
Add your own answer in the comments!
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Question by Adil M: Is forex currency trading similar to trading Derivatives?
Can a Good Foreign Exchange Currency trader also trade derivatives? I am pretty good at trading currencies but I am getting very good offer in a Bank for trading Derivatives … I dont know can I do that.. How is it>?!
Best answer:
Answer by 60187guy
1) Yes.
2) The “psychology” is the same but the instruments are different. Take the offer if you get it.
What do you think? Answer below!
Technorati Tags: Currency, Derivatives, Forex, similar, Trading
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