How Trading Works - Interbank and the FX

The forex market has many players, large and small As discussed before, like most markets, the forex essentially works because many participants are buying and selling a fairly uniform product.

Currency contracts at the retail level are most often denominated in 100,000 or 10,000 of the base currency in the pair.

There are many dealers who will break a lot into units smaller than that, but a full-size 100K or mini-size 10K lot is the most common.

Best Way To Automate Foreign Exchange Trading

I have never traded a forex strategy live using any advanced automated methods. At the most, I've placed a limit order. Most, if not all of my experience has been with expert advisors in Metatrader. I realize more than ever that if I could automate my strategies, this may take me to the next level of trading and keep me more involved in the market.

At this point, I need the motivation. The subject of automated trading has always interested me but my issue has always been with trusting a broker and the platform with a live account using an expert advisor.

If you've used Metatrader, have you found success with any particular brokers? I know there are other automated trading software available that mostly allow trading via an FXCM API but are they any good? I know Oanda also has an API but it costs about $600/mo. If you could, please send any experiences you have to my email address at rich@forexproject.com

FX Brotherhood or FX Funnel

Those of you have stumbled across this blog will be well aware that it never properly got updated with information about Forex Brotherhood. For that I apologise.

In the meantime though, I would like to recommend a slightly cheaper alternative for those people who are considering getting into FX Trading. It's good software for those starting out but who don't want to make too big an investment in the beginning.Today's article comes thanks to a story over at Forex Funnel Reviewed. The article claims that one instance of Forex Funnel trading software would have managed to generate $50,000 US in profits for someone that started out with it in June.


FX Funnel Reviewed's story is based on a feed from FX Systems 4 You, which states that the generally customers are more satisfied with this product than any of the other Forex Trading robots.

Currency Trading with a Strategy

Trading successfully is by no means a simple matter. It requires time, market knowledge and market understanding and a large amount of self restraint. We does not manage accounts, nor does it give market advice, that is the job of money managers and introducing brokers. As market professionals, we can however point the novice in the right direction and indicate what are correct trading tactics and considerations and what is total nonsense.

the Forex Market

One of the main differences between a stock market and the Forex market is that the FX market is a true 24 hour a day market. Trading is continuous around the clock and really only is closed on weekends due to the lack of volume rather than an actual close.

Forex Trading Strategies And Types

The foreign exchange market, or forex, being the largest financial market in the World has been the domain of government central banks as well as for commercial and investment banks in a scandalous manner and it exists wherever one currency is traded for another. But recently more numbers of individuals are handling the forex market as it offers trading 24-hours a day, five days a week, and the daily dollar volume of currencies traded in the currency market that exceeds $1.9 trillion daily, making it the largest liquid market in the world.

The Wall Street Journal reports

Two-year yields in all three markets have been on a wild ride in June, driven up by tough inflation rhetoric from central banks, then down again by renewed worries about the credit crisis and the state of financial markets