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Wednesday, January 7, 2009

Currency Exchange Money Rate Article

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An Informative Forex Broker Review

from: Eddie Tobey




According to our forex broker review, Gain Capital and Oanda come out on top.

Gain Capial has set a high standard with trailing stops. The trailing stop can only be entered as a separate order. Once the investor is in an order he can enter his trailing stop limit in pips to trail the market the distance the investor has set with the closest distance the investor can go being 10 pips. Gain Capital also has a facility whereby a trader can download 5 years of tick data on the 6 major currencies. In addition, an investor can also download a free DDE application whereby he can obtain live quotes.

While most brokers allow only the standard ($100,000) or mini ($10,000) lot size, Oanda gives traders the ability to trade any lot amount. Another attractive quality is that has its own user forum. In addition, Oanda has the capacity to have multi-denominated sub accounts other than in USD with no minimum deposit. The different currency accounts available include AUD, EUR, JPY, GBP, CAD & CHF. This allows the user to transfer between their primary account and their sub account easily, with the only restriction being that the investor cannot externally withdraw funds from a sub account, and withdrawals must come out of the primary account only.

About the Author

Forex Brokers Info provides detailed information on forex brokers, forex trading and market makers, and other forex-related topics. Forex Brokers Info is the sister site of Incorporating in Florida Web.






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Currency Exchange Money Rate News

Dollar Near 5-Week High After GM Says May Not Need More Funds - Bloomberg


Business Intelligence Middle East (press release)

Dollar Near 5-Week High After GM Says May Not Need More Funds
Bloomberg - 2 hours ago
The 16-nation euro fell against the yen as derivatives showed investors are betting the European Central Bank will lower its key interest rate by at least a ...
Gold "Under Pressure" on New Year Re-Weighting, Dollar Strength ... BullionVault (press release)
all 227 news articles

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2 men indicted in currency scam that bilked 700 - The Associated Press


2 men indicted in currency scam that bilked 700
The Associated Press - 11 hours ago
Richard Young, 49, of Lewistown, and William Willard, 65, of Bozeman, were indicted on charges of mail fraud, wire fraud, conspiracy, money laundering and ...
Two accused of bilking investors charged with fraud Las Vegas Sun
2 men, 3 Nevada firms face federal fraud charges San Jose Mercury News
all 104 news articles

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Dollar Rally Fizzling as Fed Triggers Risk Appetite - Bloomberg


BBC News

Dollar Rally Fizzling as Fed Triggers Risk Appetite
Bloomberg - Jan 5, 2009
The search for higher yields may trigger demand for the Australian and New Zealand dollars as money managers take advantage of central bank rates more than ...
SPECULATORS INCREASE BETS THAT ECB WILL SLASH RATES ForexTV.com
The pound gains ground Belfast Telegraph
"Still falling but undervalued" - HiFX outlook for Sterling in 2009 Easier (press release)
Bloomberg - Bloomberg
all 794 news articles

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Why the Yen is Killing Japan Inc. - TIME


Voice of America

Why the Yen is Killing Japan Inc.
TIME - 1 hour ago
To have the same effect as the peak in 1995 — when the exchange rate reached 79.75 yen to the dollar — Japan's currency would have to soar to 48 to the ...
Bank of Japan chief eyes action on strong yen AFP
all 60 news articles

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Asia Currencies Gain, Led by Won, on Rate Cuts, US Spending - Bloomberg


Asia Currencies Gain, Led by Won, on Rate Cuts, US Spending
Bloomberg - 6 hours ago
“Sentiment for the won is heartened by foreign net buying of stocks,” said Ko Yun Jin, a currency dealer with Kookmin Bank in Seoul. ...

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