What is Forex ?

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 and related markets currently is over US$ 3 trillion.[1] Retail traders (individuals) are a small fraction of this market and may only participate indirectly through brokers or banks, and are subject to forex


The foreign exchange market is unique because of

* Its trading volumes,
* The extreme liquidity of the market,
* The large number of, and variety 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.
* The low margins of profit compared with other markets of fixed income (but profits can be high due to very large trading volumes)

According to the BIS ( Bank of International settlement), average daily turnover in traditional foreign exchange markets is estimated at $3,210 billion. Daily averages in April for different years, in billions of US dollars, are presented on the chart below:

This $3.21 trillion in global foreign exchange market "traditional" turnover was broken down as follows:

* $1,005 billion in spot transactions
* $362 billion in outright forwards
* $1,714 billion in forex swaps
* $129 billion estimated gaps in reporting

In addition to "traditional" turnover, $2.1 trillion was traded in derivatives.

How to Trade Forex?

Trading foreign exchange is exciting and potentially very profitable, but there are also significant risk factors. It is crucially important that you fully understand the implications of margin trading and the particular pitfalls and opportunities that foreign exchange trading offers. On these pages, we offer you a brief introduction to the FX markets as well as their participants and some strategies that you can apply. However, if you are ever in doubt about any aspect of a trade, you can always discuss the matter in-depth with one of our dealers. They are available 24 hours a day on the Saxo Bank internet trading system, SaxoTrader.

The benchmark of its service is efficient execution, concise analysis and expertise - all achieved whilst maintaining an attractive and competitive cost structure. Today, Saxo Bank offers one of Europe's premier all-round services for trading in derivative products and foreign exchange. We count amongst our employees numerous dealers and analysts, each of whom has many years experience and a wide and varied knowledge of the markets - gained both in our home countries and in international financial centres. When trading foreign exchange, futures and other derivative products, we offer 24-hour service, extensive daily analysis, individual access to our Research & Analysis department for specific queries, and immediate execution of trades through our international network of banks and brokers. All at a price considerably lower than that which most companies and private investors normally have access to.

The combination of our strong emphasis on customer service, our strategy and trading recommendations, our strategic and individual hedging programmes, along with the availability to our clients of the latest news and information builds a strong case for trading an individual account through Saxo Bank.

Terms of trading are agreed individually depending on the volume of your transactions, but are generally much lower in cost when compared to banks and brokers. Your margin deposit can be cash or government securities, bank guarantees etc. Large corporate or institutional clients may be offered trading facilities on the strength of their balance sheet. The minimum deposit accepted for an individual trading account depends on the account type. Trade confirmations and realtime acount overview are built into SaxoTrader, while further account information can be produced in accordance with your specific requirements

Forex Trading Strategies

" How To Confidently Make Consistent Profits With These Forex Strategies"
Trade intra day forex for quick cash using forex day trading strategies for 30 minute or 1 hour charts.There hasn't been a single losing week. See opportunities before most traders see them.Our strategy also works on the gold and silver markets.
Swing trade for monthly spendable cash if you live a busy lifestyle.Our 4 hour forex trading strategy for swing trading allows you to walk away from your computer after you have placed a trade and do what you have to do.This strategy was designed for traders who can't spend much time watching forex charts.Click on our "Trade of the Week" page to see examples of last week's trades.

Become a confident trader. If you are sick and tired of watching your investments plummet while others make money,this could be the most important message your ever read.We are full time forex traders and we identify high profitability trading setups.Have your forex trading systems failed you lately? Join the group that make money consistently. If you’re a beginner and don’t know where to start, try these strategies first.

Maybe you’ve bought forex trading systems or methods before and your trading results still weren’t up to scratch. We have the solution you need. Why suffer with unproductive results? Our entry setups are easy to pick. We’re using well known indicators which are available in most free or fee based forex charts. "Try, try, try, and keep on trying is the rule that must be followed to become an expert in anything." W. Clement Stone

Our method is not 100% mechanical.There is some decision making involved. You can count on these tested strategies to select the right entries and exits.With repetition comes mastery.You will be able to see patterns and formations quickly. One of the most frustrating modes to be in is searching for years for a trading method that grows your trading account balance. You’ll lack confidence.

A forex trading method with a high winning percentage is rewarding psychologically, keeps your morale high and is enjoyable to trade. A string of profits will build your confidence. See our trade of the week page which is updated at the end of each trading week .If you are looking for a system with no losing trades, forget trading and find another business or hobby. Losses have to kept small and wins should be larger than losses.We have forward tested each strategy in real time.We started offering our CI System in 2003 but in 2007 we replaced it with improved strategies.
Your forex profits will increase ;

-because you will have an edge.

-because the strategies reduce fear and indecision.

-because you will be able to spot entry setups and end of moves before the crowd does. Avoid chasing the market so you don’t enter a trade too late and get “burnt”.

-because you will be able to “read’ the market better.

-because the strategies can be implemented without buying any costly software or subscribing to expensive data services.

-because you will exit successful trades before your profit evaporates.

-because you will know when to let your profits run.

-because you will learn how to use higher time frames to gauge how price will react on lower time frame charts.