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Wednesday, February 8, 2012
Canadian Currency Exchange Rate Article
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New Forex Trading System Gives Average Traders The Edge
from: Simon McKenzieMove over George Soros. Now the average investor can stake their claim in the global forex markets thanks to a new book from David C. Arena. 'My new forex trading system shows how to produce consistent monthly gains with low risk starting with just a modest sized account' says David.
Trading in foreign currency has become one of the most lucrative businesses in the world. The Forex market has become the world's largest financial market with over 1.5 trillion USD traded daily. Forex is part of the bank-to-bank currency market known as the 24 hour Interbank market. The Interbank market moves from
major banking centers of the United States, Australia, New Zealand, the Far East and Europe.
Until recently, the average investor could not participate in the Forex market due to large minimum transaction sizes and stringent financial requirements. Banks, Hedge Funds and the occasional high net worth individual were the major participants. These large traders were able to take advantage of the many benefits offered by the Forex market vs other markets including incredible liquidity and the strong trending nature of the world's primary currency exchange rates.
'I have professionally traded stocks, options, futures and foreign currency for over 10 years.' says David 'Forex allows the most leverage (1% margin compared to 12-50% for stocks and futures) and has the most liquidity and volatility. Smaller transaction sizes and a lower minimum account balance levels the playing field between the individual speculator and the major players that once dominated the market. My book
reveals a simple forex trading system that is used by professional traders.' Learn more http://tinyurl.com/4wsgn
About the Author
Simon McKenzie is a freelance web designer and marketing consultant. http://tinyurl.com/4wsgn
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Foreign exchange rates at midday
TORONTO - These are indicative wholesale rates for foreign currency provided by the Bank of Montreal at midday on Tuesday. Please inquire at any branch for cash rates. Quotations in Canadian funds. We want you to tell us what you think of our articles.
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