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Introduction to Forex Market

PostDateIcon July 17th, 2009

The Bretton Woods agreements of 1971 and the questioning of the system of fixed exchange rates allow the foreign exchange market to develop in the way we know it today.

Forex refers to foreign exchange market, and brokers and banks are connected every day through an electronic network that allows them to convert the currency of all countries.The forex market is the largest and most liquid financial market in the world. The volume of currency treaty $ per day is greater than 1900 billion USD.

Forex Treaty could be that central banks and commercial or investment banks, but that was before the internet makes this market accessible to private investors.The currency is treated the U.S. dollar, Japanese Yen, the Euro, the Pound, Swiss franc, Canadian dollar and Australian dollar. The Forex market 24/24, 5 days a week. It is not centralized in one physical location as is the case for other markets.

The foreign exchange market is to simultaneously buy one currency and selling another. The currencies are treated in pairs, for example Euro / US Dollar (EUR / USD) or U.S. Dollar / Japanese Yen (USD / JPY).

For example, you perform an operation when you expect the currency you purchase will rise from what you sell. If the currency you purchase increases in value, you must sell the other currency to close your position and take your profit. The first currency in the index pair is called the base currency and the second is called the currency traded. Most often it is the U.S. dollar that is taken as the base currency, and quotations are given for one dollar for the currencies listed. The exceptions are the British pound, Euro and Australian dollar.

Comprehension of forex quotes : 1 unit of base money = the exchange rate quoted in the currency. If eg EUR / USD at 1.2762 is treated, 1 Euro will give 1.2762 dollars.

Comprehension the size of contracts on the foreign exchange market: the size of the contract is usually a batch of 100,000. This means that for a standard contract you control 100,000 units of each pair, eg if you buy the EUR / USD you actually buy and sell 100.000 EURO 100.000 dollars simultaneously. For this type of contract, each pip (the smallest unit of price) is $ 10. But more and more companies to deal with lots of 10,000 with a value of $ 1 pip. Forex can offer much lower margins than other markets.

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Article Source:http://www.articlesbase.com/currency-trading-articles/introduction-to-forex-market-1044969.html

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Why I like Robominer
In the Forex marketplace, almost every week we see the release of some new trading system or Expert Advisor (an EA is an automated forex trading robot). Some of them work while most of them don't. However there is one EA that has been constantly making profits over the last year, generating over 86,908.00 pips in profit, and generated a 314% return in just 12 months, according to company figures.

This system that only a few seem to know about is RoboMiner. The RoboMiner EA is a long term investment system that pumps daily small profits into your account, it always closes trades with a profit. That's right, you will never have any trades close with a loss.

The RoboMiner EA uses a proven grid trading system that is so safe, it's as if your money is in you IRA account. This system generates a minimum 6-10 % return monthly, with compounding that's 100% return a year.

Let's do the maths here. If you invest $2,000 today, in 9 years from now that will turn into $1,000,000 minimum. Where else can you find such a safe investment that will give you this kind of return?

Best of all you can download a free demo of this EA, test it for as long as you want and see for yourself how it performs.

So go ahead and try the RoboMiner EA today. Click here to download a FREE copy of RoboMiner. You will never have any trades close with a loss.
What Are The Best Forex Robots?
Watch out. The only thing that some "autopilot" forex software products will do for you is... analyze the market. Sure, that's great because when a computer does all the analytical work for you, you don't have to sit in front of a screen looking at charts and candlesticks for hours on end.

But a ROBOT program goes much further.

Forex robots will actually DO THE TRADING for you, as well as the analysis work. A well-written Expert Advisor (EA) will buy at the right time and sell at the right time. It's the ultimate in hands-free currency trading... as long as it's a well-programmed forex robot.

So what are the best forex trading robots available today? I've tried several but only identified one I am happy with at this point... RoboMiner. It primarily works with the AUD/NZD currency pair and is programmed to only trade when you will make a profit. It takes profit when a trade has reached a 1.5% profit.

Why I don't like these EA's

PipsMiner. I first used the wrong settings and as a result lost money. Then I corrected my mistake and entered their recommended settings but still lost money with PipsMiner SE version. Here endeth my very brief PipsMiner user review.

Forex Megadroid. I was running the default settings in demo mode and it didnt turn a profit for me, so I got a refund from ClickBank. That's the nice thing about buying through ClickBank. Although the site promises world class support, it fell far short of that in my experience.

ForexBling. Support was inadequate. I had several questions about setup, but they were answered in just a few words when my questions really needed more info. Even the brief answers did not address my actual questions in some cases.
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