Browsing all posts in August, 2009.

Sunspots in Forex

Sunspots in Forex
Sunspots, an increasingly reported solar phenomenon are solar storms that can affect the weather, the ozone layer, and some people even think global warming. These sunspots come and go in approximately eleven year cycles, and some analysts have attempted to draw parallels between sunspot cycles and business cycles.

Forex Trading: Open all Hours

Unlike other equities markets, the foreign exchange markets are a 24 hour trading platform, following the trading hours of each of the world’s major financial centres as the world turns.
Whilst each of the major Forex trading floors, in Sydney, Toyko, London and, New York are individually only open for nine hours a day, their opening [...]

How to read Forex Quotes

When reading a quote of Forex, you need to look for two specific numbers, the base and the quote.
Typically, a Forex quote will appear in the following format:
USD JPY 1/97.42
The number on the left of the slash is the base number. The base is always “1″ and represents, in this case, the US Dollar. The [...]