Forex Education Australia

Share This: Osteopathy is as a wholeistic manual therapy, based on biomechanical principles, which seeks to treat underlying causes and not just symptoms. Osteopathy treats musculo-skeletal problems and other body disorders, emphasising the relationships between body structure and function and the ability of the body to heal itself. In 2007, Osteopathy celebrated 100 years in Australia Osteopathic treatment is recognized and reimbursed by Workers’ compensation, the various motor accident authorities, Medicare and private health insurers Osteopaths require government registration in order to practice in Australia. University Training in Osteopathy There are currently four university courses for osteopathy available. All of these courses are five years full time and on completion, graduates may be eligible for registration in all Australian states and territories. Osteopath Melbourne Training – RMIT RMIT offers a Bachelor of Applied Science (Complementary Medicine – Osteopathy Streams) and Master of Osteopathy. Average student contact hours are 30 hours per week of lectures, tutorials, practicals and clinic. Osteopath Melbourne Training – Victoria University Victoria University offers a Bachelor of Science (Clinical Science) and Master of Health Science (Osteopathy) degree course. Students must complete both the Bachelors and Masters programs to be eligible for registration as an Osteopath in Australia. The course subjects include Anatomy, Biomechanics, Physiology, Biochemistry, Pathology, Osteopathic Diagnosis & Technique, Clinical Diagnosis & Management, Diagnostic Imaging and Psychology. The Masters includes a clinical practical component progressing onto treating patients under supervision in later years. Osteopath Lismore Training – Southern Cross University This is a five year course with the first component being a three year Bachelor of Clinical Sciences, with a double major in Osteopathic Studies and Human Structure and Function. The second component is a two year Master of Osteopathic Medicine. The initial focus of the course is medical sciences with clinical osteopathy practice increasing in the latter part of the course Osteopath Sydney training previously offered at the University of Western Sydney is not currently being offered.  

Forex Education

Share This: Forex Education Autopilot for Forex Market through robot softwares are vastly used in the Forex Market of today. Inventors and investors of these software offers you a guarantee of easy profit gaining scheme with little amount invested less effort for the trader. Without an in-depth understanding of the complex computations used in trading systems these softwares will do the calculation for you. Can you really identify of which are genuine or just a trick out of your pocket. Get A Forex Robot That Is Capable Of Doubling Your Money Every Single Month… Fully automated forex robot that anyone can put his hands on! See undeniable proof of automated income.. >> works fully automated while you sleep! >> Click here now >> Forex robots are very popular but most don’t make money and rely on clever ad copy which promotes 4 myths which are not true and if you believe them you will lose – here they are. Most automated Forex trading system sales copy promotes the myths below so make sure you avoid any system that makes ANY of these claims. I was posed this question by a friend recently. As a professional trader I am well aware of trading currency pairs and forex by using both mechanical and manual systems. In this article I will investigate the FAP Turbo Forex to see whether its claims as a robot trader are valid and whether it is a useful trading software to help a forex trader make money trading from home. Most Forex traders prefer Forex scalping or to simply call it the day trading. The aim is to accumulate small regular profits and have shorter time frame to trade but to talk about the best Forex scalping strategies this method of trading still needs more investigations. Now the Forex market depends so much on the Forex trading systems. The reason of success of many Forex traders lies in using such an automated system. In this article I am going to elaborate on the similarities between Forex Megadroid and Fap Turbo the two most popular Forex robots. The Forex robot industry is one where most robots make ludicrous gains of profits which are simply not true; so how much can you realistically make and which is the best robot based upon real time audited performance? Let’s take a look. Traders working in the foreign exchange market have become accustomed to various claims by the developers of forex robots. Many of the developers and vendors claim that their product multiplies the investment and make trader billionaire in the blink of an eye. This of course is a mere lie as no forex software is able to make you rich in few trades.

What is Forex Trading all about?

Share This: Whаt іѕ Fоrеx Trаdіng: Forex Trаdіng is trаdіng сurrеnсіеѕ frоm dіffеrеnt соuntrіеѕ аgаіnѕt еасh other. Fоrеx іѕ an іntеr-bаnk mаrkеt thаt took ѕhаре in 1971 whеn glоbаl trаdе shifted frоm fixed еxсhаngе rates tо floating ones. Thіѕ is a set оf trаnѕасtіоnѕ аmоng Fоrеx market agents іnvоlvіng еxсhаngе оf ѕресіfіеd sums of money in a currency unіt of any gіvеn nаtіоn fоr currency оf another nаtіоn at аn аgrееd rate аѕ оf any specified dаtе. Durіng exchange, thе еxсhаngе rаtе of оnе сurrеnсу to аnоthеr сurrеnсу іѕ dеtеrmіnеd simply: bу ѕuррlу аnd dеmаnd – еxсhаngе tо which both раrtіеѕ agree. Aсtuаllу Forex іѕ thе fіnаnсіаl gаmе bеtwееn BULLS аnd BEARS. Thе Mаjоr сurrеnсіеѕ раіrѕ аrе: EUR/USD GBP/USD USD/JPY USD/CHF USD/CAD AUD/USD And thеѕе are thе 6 bеѕt Fоrеx Markets. What аrе Fоrеx Signals? Forex ѕіgnаlѕ аrе іndісаtоrѕ that lеt you knоw whеn іt’ѕ a good time to buу or sell a сurrеnсу раіr. Thеу рrоvіdе уоu wіth іnѕіght аѕ to whаt’ѕ gоіng on іn thе Forex mаrkеt wіthоut the nесеѕѕіtу tо mоnіtоr Forex trends thrоughоut the dау. If you аrе ѕеlf-еmрlоуеd оr еmрlоуеd by another company, Fоrеx trаdіng іѕ lіkеlу a part-time endeavor fоr you. Yоu wоn’t hаvе tіmе tо ѕіt at the computer аnd monitor thе Forex mаrkеt аll day. Forex ѕіgnаlѕ саn be dеlіvеrеd to уоu thrоughоut thе dау bу рrоfеѕѕіоnаl Fоrеx trаdеrѕ tо gіvе уоu a heads-up on what’s gоіng оn іn thе mаrkеt. Yоu саn receive thе signals, аnd thеn рlасе thе signals fоr buу оr sell. Forex ѕіgnаlѕ are basically “ѕuggеѕtеd” buу аnd ѕеll роіntѕ wіth рrісе tаrgеtѕ and stop-loss lеvеlѕ dеlіvеrеd bу fx ѕіgnаl рrоvіdеrѕ to traders. They may be delivered by email, іnѕtаnt mеѕѕеngеr, сеllрhоnе, live сurrеnсу trаdіng ѕуѕtеmѕ оr dіrесt tо уоur Fоrеx ѕіgnаl metatrader on уоur dеѕktор. Forex trаdіng is a risky buѕіnеѕѕ аnd іt tаkеѕ some time tо mаѕtеr thе аrt оf Forex trаdіng signals. There are a numbеr оf fx ѕіgnаl рrоvіdеrѕ but before you сhооѕе, you need tо mаkе ѕurе you hаvе dоnе уоur hоmеwоrk. Alwауѕ аѕk for thе Frее ѕіgnаlѕ to dеlіvеr for 3 tо 5 dауѕ аnd tеѕt those signals in your Demo Account. Thе mаіn сhаrасtеrіѕtісѕ оf Fоrеx trading ѕіgnаlѕ tо bе аwаrе of аrе аѕ fоllоwѕ; Cost: mоnthlу subscription Cоmрlеxіtу: Simple “one email a dау” OR Full-Sеrvісе Cоntrоl: You keep full control OR the ѕіgnаl рrоvіdеr trаdеѕ your а/с fоr you Most Forex trade signals сhаrgе a vеrу modest subscription fее, uѕuаllу іn thе rеgіоn оf USD $80 – $400 реr month. If уоu’rе nеw tо Fоrеx trading, уоu рrоbаblу rеаlіzе how important іt іѕ tо mаkе thе rіght trаdіng dесіѕіоnѕ. Onе wrоng trаdіng mоvе саn drastically hаrm уоur роrtfоlіо while a gооd move саn bring trеmеndоuѕ рrоfіtѕ. That’s whу trаdіng ѕіgnаlѕ аrе so іmроrtаnt. Onсе you’ve trіеd a Forex dеmо ассоunt for рrасtісе and сrеаtеd a ѕtrаtеgу thаt works fоr you, уоu саn add trading ѕіgnаl ѕеrvісеѕ as a uѕеful tооl іn уоur Fоrеx trаdіng. Wіth оnlіnе Fоrеx, […]

USD/CAD Caught in Range Under 1.4075

Share This: DailyFX.com – Talking Points The USD/CAD opens Fridays trading in a 97-pip range Range resistance is found at 1.4075 Bearish breakouts begin under 1.3930 USD/CAD 30 Minute Chart (Created using Marketscope 2.0 Charts) What is in store for the US Dollar in 2016? See our Analyst forecast here! The USD/CAD has opened Friday trading by bouncing from range support at 1.3978. From this point, prices have risen to the high of the day, which currently stands at 1.4087. It should be noted that the USD/CAD is now trading back below the R3 Camarilla Pivot point at 1.4075. If prices remains inside of this resistance value it opens up price action to potentially retest support after traversing today’s 97-pip range. Today’s range would be considered invalidated in the event that prices breakout either above the R4 or below the S4 pivot point, which are both displayed in the graph above. The R4 pivot is found at a price of 1.4123. A move beyond this point would be significant as it would be the first bullish breakout for the USD/CAD in the last four trading periods. Conversely, a bearish breakout below the S4 pivot at 1.3930 would suggest a resumption of the pair’s current short-term downtrend. To date the USD/CAD has declined as much as 742 pips off of the 2016 high which resides at 1.4688 SSI (Speculative Sentiment Index) for the USD/CAD is currently reading at -1.44. While this value is negative, it should be noted that SSI continues to normalize from a reading of -1.9 last week. A flip in sentiment to net long next week would add validity to the markets current short-term downtrend. Conversely, if sentiment moves back to an extreme -2 or greater, it would suggest a potential resumption of the pair’s primary uptrend. To Receive Walkers’ analysis directly via email, please SIGN UP HERE See Walker’s most recent articles at his Bio Page. Do you know the biggest mistake traders make? More importantly, do you know how to overcome the biggest mistake? Read page 8 of the Traits of Successful Traders Guideto find out [free registration required]. Contact and Follow Walker on Twitter @WEnglandFX. original sourceDailyFX.com – Talking Points The USD/CAD opens Fridays trading in a 97-pip range Range resistance is found at 1.4075 Bearish breakouts begin under 1.3930 USD/CAD 30 Minute Chart (Created using Marketscope 2.0 Charts) What is in store for the US Dollar in 2016? See our Analyst forecast here! The USD/CAD has opened Friday trading by bouncing from range support at 1.3978. From this point, prices have risen to the high of the day, which currently stands at 1.4087. It should be noted that the USD/CAD is now trading back below the R3 Camarilla Pivot point at 1.4075. If prices remains inside of this resistance value it opens up price action to potentially retest support after traversing today’s 97-pip range. Today’s range would be considered invalidated in the event that prices breakout either above the R4 or below the S4 […]

EUR/USD Advances Before FOMC Event

Share This: DailyFX.com – Talking Points The EUR/USD trades higher before FOMC Bullish breakouts begin over 1.0913 Bullish reversals begin under 1.0882 EUR/USD 30 Minute Chart (Created using Marketscope 2.0 Charts) What is in store for the US Dollar in 2016? See our Analyst forecast here! The EUR/USD is trading up .2% this morning, ahead of today’s highly anticipated FOMC rate decision. While the FED is expected to hold key interest rates at .50%, this event is also expected to produce volatility in major US Dollar pairs. As of this morning, the EUR/USD has already bounced from support found at 1.0851. With price, action now approaching the R4 resistance pivot at 1.0897. Traders looking for an extended rally in the EUR/USD can use a 1-X extension of today’s 31-pip range to find targets near 1.0913. In the event that prices begin to range prior to the FOMC rate decision, traders will look for the EUR/USD to trade back inside of range resistance found at the R3 pivot at a price of 1.0882. A move to this point of the graph opens up price action to again test range support, which is found at today’s S3 pivot at a price of 1.0851. Traders tracking sentiment should note that SSI (Speculative Sentiment Index) for the EUR/USD is currently reading at -1.37. This value is slightly negative with 58% of positioning short the EUR/USD. While this value is not extreme, if prices begin to breakout during the FOMC rate decision traders can track SSI to validate any emerging market trends. To Receive Walkers’ analysis directly via email, pleaseSIGN UP HERE See Walker’s most recent articles at hisBio Page. Do you know the biggest mistake traders make? More importantly, do you know how to overcome the biggest mistake? Read page 8 of the Traits of Successful Traders Guide to find out [free registration required]. Contact and Follow Walker on Twitter @WEnglandFX. original sourceDailyFX.com – Talking Points The EUR/USD trades higher before FOMC Bullish breakouts begin over 1.0913 Bullish reversals begin under 1.0882 EUR/USD 30 Minute Chart (Created using Marketscope 2.0 Charts) What is in store for the US Dollar in 2016? See our Analyst forecast here! The EUR/USD is trading up .2% this morning, ahead of today’s highly anticipated FOMC rate decision. While the FED is expected to hold key interest rates at .50%, this event is also expected to produce volatility in major US Dollar pairs. As of this morning, the EUR/USD has already bounced from support found at 1.0851. With price, action now approaching the R4 resistance pivot at 1.0897. Traders looking for an extended rally in the EUR/USD can use a 1-X extension of today’s 31-pip range to find targets near 1.0913. In the event that prices begin to range prior to the FOMC rate decision, traders will look for the EUR/USD to trade back inside of range resistance found at the R3 pivot at a price of 1.0882. A move to this point of the graph opens up price action […]

Buy or Sell: Gold Prices Trade at Highest Level in 2 Months

Share This: DailyFX.com – Talking Points -Gold prices still within the bounds of an ending diagonal pattern -Sentiment flipped net short suggesting higher prices –$1137-1150 is a key level to the Elliott Wave counts Tomorrow, Wednesday January 27, the Fed releases their next round of monetary statements. The notes in December 2015 suggested the Fed had 4 rate hikes planned in 2016. Though a rate hike is not anticipated by the economists for tomorrow, the message the Fed sends may set the expectations for the market participants on the probability of future rate hikes. This has the potential to impact the value of the US Dollar and Gold prices. My colleague Ilya Spivak notes in his Q1 2016 Gold forecast how “Gold prices have a strong inverse relationship (-0.92 correlation) with Fed Funds futures.” Read the rest of the report and see the graph of the correlation here. [free registration required]. So the news of tomorrow could create volatility for Gold. As we will see in a moment, there are 2 higher probability Elliott Wave counts we are watching going into the announcement. Each scenario is mapped out with the $1137-1150 key level to watch. Scenario #1 – One More Impulsive Move Lower Gold prices are currently trading near $1122. In an ending diagonal scenario, each of the 5 waves of the diagonal are to subdivide as a zigzag or multiple zigzag. For those not familiar with Elliott Wave Theory, that means each wave subdivides as three wave move. Therefore, the full five waves of the ending diagonal will look like 3-3-3-3-3. Upon closer inspection of wave (5), you’ll see that it is not obvious there is a 3 wave move in there. As a result, we’re inclined to label the Oct-Dec 2015 down trend as simply wave A of (5). That means this recent up trend through today would be labeled wave B of (5). The critical level to this wave labeling is the wave (4) high of $1191. We would also anticipate resistance in the 1137-1150 area. This area is the intersection of the (2)-(4) trend line and the 61-78% retracement of the Oct-Dec 2015 down move. Scenario #2 – September 2011 to December 2015 Down Trend Terminated This scenario suggests that the diagonal pattern mentioned above terminated on December 3, 2015. This means December 3 was the ending spot at multiple degrees of trend and a booming rally is underway. A break above the (2)-(4) trend line of the diagonal would be an early warning indicator that the diagonal may have ended leading to further rallies towards $1380-$1600. This rally could become more complex so rallies may not be a straight line process. However, this might suggest something about the overall strength or weakness of the US Dollar since Gold is priced in Greenbacks. This is part of the motivation on why our 2016 Top Trade opportunity was Gold priced in Sterling. At that time, the Fed had just raised the target interest rate with 4 more […]

USD/JPY Reverses From False Breakout

Share This: DailyFX.com – Talking Points The USDJPY rebounds from a false breakout Bullish breakouts begin over 118.66 Bullish reversals begin under 118.49 USD/JPY 30 Minute Chart (Created using Marketscope 2.0 Charts) Interested In our Analyst’s USD/JPY Outlook, be sure to sign up for our free YEN Forecast here. The USD/JPY has rebounded this morning, after the pair failed an attempted bearish breakout below key values of support. Currently, price action is now trading near range resistance, which is found at the R3 Camarilla Pivot point at a price of 118.47. It should be noted, that if today’s bullish momentum continues through the US session open, breakouts for the USD/JPY begin over the R4 pivot point at a price of 118.66. In this scenario, traders may utilize a 1-X extension of today 37-pip range to place initial pricing targets near 119.03. It should be noted that if prices return inside of today’s range, it might represent a return to range bound conditions. A move below 118.47 opens the USD/JPY to move back towards values of support. This includes today’s S3 pivot point, which is found at 118.09. SSI (Speculative Sentiment Index) for the USDJPY is currently reading at +1.40. While this value is not extreme, it does hold a slightly bearish bias for the pair. Trend traders looking to trade the USD/JPY should continue to monitor SSI. If SSI continues higher, it would add validation to an emerging downtrend. Conversely, if SSI flattens out, back towards a reading of +1.00, it may signal further indecision for the pair. To Receive Walkers’ analysis directly via email, please SIGN UP HERE See Walker’s most recent articles at his Bio Page. Do you know the biggest mistake traders make? More importantly, do you know how to overcome the biggest mistake? Read page 8 of the Traits of Successful Traders Guide to find out [free registration required]. Contact and Follow Walker on Twitter @WEnglandFX. original sourceDailyFX.com – Talking Points The USDJPY rebounds from a false breakout Bullish breakouts begin over 118.66 Bullish reversals begin under 118.49 USD/JPY 30 Minute Chart (Created using Marketscope 2.0 Charts) Interested In our Analyst’s USD/JPY Outlook, be sure to sign up for our free YEN Forecast here. The USD/JPY has rebounded this morning, after the pair failed an attempted bearish breakout below key values of support. Currently, price action is now trading near range resistance, which is found at the R3 Camarilla Pivot point at a price of 118.47. It should be noted, that if today’s bullish momentum continues through the US session open, breakouts for the USD/JPY begin over the R4 pivot point at a price of 118.66. In this scenario, traders may utilize a 1-X extension of today 37-pip range to place initial pricing targets near 119.03. It should be noted that if prices return inside of today’s range, it might represent a return to range bound conditions. A move below 118.47 opens the USD/JPY to move back towards values of support. This includes today’s S3 pivot […]

USD/CAD Breakouts Begin Over 1.4030

Share This: DailyFX.com – Talking Points The USD/CAD attempts breakout over 1.4030 Potential bullish targets include a 1–X range extension to 1.4105 Bearish reversals begin under 1.4086 USD/CAD 30 Minute Chart (Created using Marketscope 2.0 Charts) What is in store for the US Dollar in 2016? See our Analyst forecast here! The USD/CAD is attempting to breakout to a higher high this morning, potentially ending the range bound conditions that have been developing for the last five trading periods. Today’s bullish breakout is marked by the R4 Camarilla pivot point, which is found at a price of 1.4030. In the event that prices continue to rise above this value, traders may extrapolate today’s 85 pip trading range to place initial breakout targets near 1.4105. Breakout traders should continue to monitor the R3 pivot point found at 1.4086. A move in price back inside of range resistance would suggest that the current breakout attempt has been invalidated. It should be noted at this point that the USD/CAD has already failed one breakout attempt today. In this scenario, traders may look for bearish momentum to carry the pair back towards values of support. This includes today’s R3 pivot, which is displayed above as range support at 1.4041. SSI (Speculative Sentiment Index) for the USD/CAD currently reads -1.34. Currently 57% of positions are short, suggesting a bullish bias for the pair when read as a contrarian-trading indicator. While SSI has swung from extremes earlier in the month, it should be noted that the Index has read negative for the USD/CAD since November of 2015. For this reason, traders watching for a bearish reversal should continue to monitor this value for a flip in the SSI reading to a positive value. To Receive Walkers’ analysis directly via email, please SIGN UP HERE See Walker’s most recent articles at his Bio Page. Do you know the biggest mistake traders make? More importantly, do you know how to overcome the biggest mistake? Read page 8 of the Traits of Successful Traders Guide to find out [free registration required]. Contact and Follow Walker on Twitter @WEnglandFX. original sourceDailyFX.com – Talking Points The USD/CAD attempts breakout over 1.4030 Potential bullish targets include a 1–X range extension to 1.4105 Bearish reversals begin under 1.4086 USD/CAD 30 Minute Chart (Created using Marketscope 2.0 Charts) What is in store for the US Dollar in 2016? See our Analyst forecast here! The USD/CAD is attempting to breakout to a higher high this morning, potentially ending the range bound conditions that have been developing for the last five trading periods. Today’s bullish breakout is marked by the R4 Camarilla pivot point, which is found at a price of 1.4030. In the event that prices continue to rise above this value, traders may extrapolate today’s 85 pip trading range to place initial breakout targets near 1.4105. Breakout traders should continue to monitor the R3 pivot point found at 1.4086. A move in price back inside of range resistance would suggest that the current breakout […]

5 Institutions Who Call The Shots

Share This: 5 Institutions Who Call The Shots 5 Institutions Who Are Calling The Shots Federal Reserve The United States Federal Reserve (FED) has one of the greatest if not the greatest impact on financial markets and should always be on a trader’s radar and listed on their financial calendar regularly. As we roll into the month of December the FED has a major decision to make.  The federal funds rate which has been set at zero since December 2008 will possibly be raised.   There could be reluctance considering the state of affairs taking place in China, however, this is no guarantee. The meeting of the FED typically plays a roll both within the United States as well as the rest of the world.  Within the United States the fear of inflation may prompt the FED to potentially raise interest rates.  Presently, it can be argued that the United States economy remains depressed.  While the unemployment rate is 5.3 percent overall there are groups e.g. African-Americans which are running at an unemployment rate of 9 percent.   In addition, the abysmal performance of the United States stock market may alter the FED’s push to raise interest rates. China’s growth anxieties will potentially prevent the FED from raising rates as well. European Central Bank The struggling European economy has seen the European Central Bank (ECB) extend its stimulus program into 2017.  Forex traders should be cognizant of any reactions of the ECB and how it perceives present economic conditions within the Euro nations. Presently, weak inflation conditions are a big concern of the ECB.  In addition, unemployment is presently at 10.9 percent and is not dropping at the rate which is palpable for the ECB. The ECB’s stimulus may help keep the Euro’s exchange rate down against the dollar which should help exports. People’s Bank of China China’s economy is massive and Forex traders typically keep a close eye on activities taking place economically.  The recent slowdown in China’s economy has forced the People’s Bank of China to inject 140 billion Yuan into banks through its short term lending operations. Chinese stocks have remained in a bear market falling more than 20% since June.  This issue many investors wondering when the market will bottom out. The slowdown in the Chinese economy is pushing people to invest outside of China.  In addition, the returns from outside China are better than those that you would receive with a stronger economy. The Bank of Japan The Japanese economy is one of the largest in the world.  The Bank of Japan (BOJ) plays a major role in the outcome of the Japanese economy.  Forex traders should keep their eyes open for monetary policies as well as economic events taking place within the country.  Recently, the Bank of Japan trimmed its economic growth forecast but did not speculate that they would be offering new stimulus programs. The Central bank remained steady on its forecast of inflation reaching the target by the second […]

The foreign exchange market Forex- FX, or currency market

Share This: The foreign exchange market  Forex- FX, or currency market Forex is a global decentralized market for the trading of currencies. This includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of volume of trading, it is by far the largest market in the world.[1] The main participants in this market are the larger international banks. Financial centres around the world function as anchors of trading between a wide range of multiple types of buyers and sellers around the clock, with the exception of weekends. The foreign exchange market determines the relative values of different currencies.[2] The foreign exchange market works through financial institutions, and it operates on several levels. Behind the scenes banks turn to a smaller number of financial firms known as “dealers,” who are actively involved in large quantities of foreign exchange trading. Most foreign exchange dealers are banks, so this behind-the-scenes market is sometimes called the “interbank market”, although a few insurance companies and other kinds of financial firms are involved. Trades between foreign exchange dealers can be very large, involving hundreds of millions of dollars. Because of the sovereignty issue when involving two currencies, forex has little (if any) supervisory entity regulating its actions. The foreign exchange market assists international trade and investments by enabling currency conversion. For example, it permits a business in the United States to import goods from European Union member states, especially Eurozone members, and pay Euros, even though its income is in United States dollars. It also supports direct speculation and evaluation relative to the value of currencies, and the carry trade, speculation based on the interest rate differential between two currencies.[3] In a typical foreign exchange transaction, a party purchases some quantity of one currency by paying with some quantity of another currency. The modern foreign exchange market began forming during the 1970s after three decades of government restrictions on foreign exchange transactions (the Bretton Woods system of monetary management established the rules for commercial and financial relations among the world’s major industrial states after World War II), when countries gradually switched to floating exchange rates from the previous exchange rate regime, which remained fixed as per the Bretton Woods system. The foreign exchange market is unique because of the following characteristics: its huge trading volume representing the largest asset class in the world leading to high liquidity; its geographical dispersion; its continuous operation: 24 hours a day except weekends, i.e., trading from 22:00 GMT on Sunday (Sydney) until 22:00 GMT Friday (New York); the variety of factors that affect exchange rates; the low margins of relative profit compared with other markets of fixed income; and the use of leverage to enhance profit and loss margins and with respect to account size. As such, it has been referred to as the market closest to the ideal of perfect competition, notwithstanding currency intervention by central banks. According to the Bank for International Settlements,[4] the […]