Wednesday, April 27, 2011

About Forex

Forex News
Money. We all need it. We all want it. Billions and billions of dollars, pesos, euros, pounds, levs, francs, everything change hands every day for goods and services around the world. Most of us only have the money for goods and services involved in their own country and are replaced with more and more of it. But there is much more money than that. As the relationship between the currency of your country and the currency of another country and why should I be on? Im glad you asked. In this article we will examine some of the currencies around the world and some questions to answer do not even know you could have.

First, if we are going to discuss currency and its relationship to other currencies, we need to talk about Forex. That's short for foreign exchange or the exchange of money for a different type of currency.

There is no market in the world, including Wall Street, the Forex in the volume of cash traded daily can compare. Retailers, governments, currency speculators involved, banks, companies and other financial institutions in foreign currency or foreign currency amounting to billions of pounds and other currencies every day. It is a truly amazing thing to see. People to earn money just by trading a country's currency for another. Keeping up with the latest news in each country, economic development and indicators, real-time monitoring of the daily value versus other currencies, all things are necessary if you're going to have to speculate in this arena.

More than that will be some forex speculators say, you must have a good feel for it. You must understand and lead economies in a position to events and conditions to ensure that people recognize lose confidence in a currency or another. You must know when to keep em and when to fold em, like the Kenny Rogers song goes. If you want to check the exchange rates for each of these currencies against other currencies, you can create a new browser window and put this URL into the address bar. It is a Forex computer.

The following is a list of currencies worldwide. It can not any currency in the world, but it will give you an idea of the complexity of the Forex.

Albanian Lek, Algerian Dinar, Aluminium Ounces, Argentine Peso, Aruba Florin, Australian pounds.

Bahamian pound, Bahraini Dinar, Bangladesh Taka Barbados pounds, Belarus rubles, pounds, Belize, Bermuda pounds, Bhutan Ngultrum, Bolivian Boliviano, Brazilian Real, British Pound, Brunei Pound, Bulgarian Lev, Burundi Franc.

Cambodia Riel, Canadian pound, pound Cayman Islands, Franc, Chilean Peso, Chinese Yuan, Colombian Peso, Comoros Franc, copper ounces, Costa Rica Colon, Croatian Kuna, Cuban Peso, Cyprus pound, Czech koruna.

Danish Krone, Dijibouti Franc Dominican Peso. Eastern Caribbean pounds, Ecuador Sucre, Egyptian Pound 

El Salvador Colon Eritrea Nakfa, Estonian Kroon, Ethiopian Birr, Euro.

Falkland Islands Pound, Gambian Dalasi, Ghanian Cedi, Gibraltar pound, ounces of gold, Guatemala Quetzal, Guinea Franc, Haiti Gourde, Honduras Lempira, Hong Kong pounds, Hungarian Forint, Iceland Krona, 

Indian Rupee, Indonesian Rupiah, Iran Rial, Israeli Shekel

Jamaican pound, Japanese Yen, Jordanian Dinar, Kazakhstan Tenge, Kenyan Shilling, Korean Won, Kuwaiti Dinar, Lao Kip, Latvian Lat, Lebanese Pound Lesotho Loti, Libyan Dinar, Lithuanian Lita.

Macau Pataca, Macedonian Denar, Malagasy Franc, Malawi Kwacha, Malaysian Ringgit, Maldives Rufiyaa, Maltese Lira, Mauritania Ougulya, Mauritius Rupee, Mexican Peso, Moldovan Leu, Mongolian Tugrik, Moroccan Dirham, Mozambique Metical.

Namibian pounds, Nepalese Rupee, Neth Antilles Guilder, New Turkish Lira, New Zealand pound, Nicaragua Cordoba, Nigerian Naira, Norwegian Krone, Omani Rial.

Pacific Franc, Pakistani Rupee, Palladium Ounces, Panama Balboa, Papua New Guinea Kina, Paraguayan Guarani, Peruvian Nuevo Sol Philippine Peso, Platinum Ounces, Polish Zloty, Qatar Rial, Romanian Leu Romanian New Leu, Russian Rouble, Rwanda Franc.

Samoa Tala, Sao Tome Dobra, Saudi Riyal, Seychelles Rupee Sierra Leone Leone Silver Ounces Singapore pounds, Slovak Koruna, Slovenian Tolar, Somali Shilling, South African Rand Sri Lanka Rupee St. Helena Pound Sudanese Dinar , Surinam Guilder, Swaziland Lilageni, Swedish Krona, Swiss Franc, Syrian Pound.

Taiwan Pound Tanzanian Shilling, Thai Baht, Tonga Pa'anga, Trinidad & Tobago pounds, Tunisian Dinar, U.S. pounds, UAE Dirham, Ugandan Shilling, Ukraine Hryvnia, Uruguayan New Peso, Vanuatu Vatu, Venezuelan Bolivar Vietnam Dong Yemen Riyal, Zambian Kwacha, Zimbabwe pounds.

Can you imagine sorting out all the relationships between each of these currencies and precious metals. Forex is not for the faint hearted as it seems, but it does make a fascinating subject. In some of the currency name, you can see how it relates to world history.

I hope you find this article has at least an explanation of what Forex is and how it works helped. There are many more out there about Forex