Articles by Robert Farrel on ArticleSnatch.com

Currency Pairs Traded in Forex

Tue, 16 Dec 2008 00:00:00 -0500

A currency is a form of exchange, facilitating the transfer of goods and/or services. It is one form of money, where money is anything that serves as a medium of exchange, a store of value, and a standard of value. Currencies are the dominant medium of exchange. Coins and paper money are both forms of currency. A currency pair depicts a quotation of two different currencies on the Foreign Exchange market. The first currency in the pair is the base currency or transaction currency. The second currency in the pair is labelled quote currency, payment currency or counter currency. Such a quotation shows how many units of the counter currency are needed to buy one unit of the base currency. For example the quotation EUR/USD 1.2700 means that one euro is exchanged for 1.27 US dollar. If the quote moves from EUR/USD 1.2700 to EUR/USD 1.2710, the euro is getting stronger and the dollar weaker. On the other hand if the EUR/USD quote moves from 1.2700 to 1.2690 the euro is getting weaker while the US dollar is getting stronger. **End Summary** Topics: Forex]]> Forex trading]]> currency trading]]> forex rarket]]> currency pair]]> currency quotation]]> managed forex]]> managed forex account]]> currency sign]]>]]> About the Author: ]]> PanaMoney Technologies, Inc. is a legal and licensed managed Forex trading company offering managed Forex accounts with up to 2.8% daily profit. Fully transparent: watch Forex trading sessions real time! 'No loss' guaranteed by the company's Safety Fund. Bank transfers accepted. Unlike other companies, the managed Forex accounts with PanaMoney Technologies, Inc. have no monthly charges. The minimum amount for investing is as low as 30 USD. Managed Forex account with PanaMoney Technologies, Inc. Website: http://www.PanaMoney.net

Forex Managed Accounts

Tue, 16 Dec 2008 00:00:00 -0500

Managed forex accounts means management of the forex traders accounts by a professional. It is done in the same way as the normal accounts are maintained and managed by the financial institutions specially banks. It is best for the traders who are not having sufficient time to maintain their own forex trading accounts and also for the traders who are not expert to such an extent actually needed to maintain the fx accounts. Managing forex accounts is a very competitive business, which has to be conducted with seriousness. It is not necessary that trader should invest huge amount to start but he has a choice of allocating a small portion of funds to the fx accounts, which are being managed by the professionals, and the traders are even allowed to open a low balanced account as a Managed Forex Account to start forex trading. Even if the forex traders use minimal amounts to start with managed forex trading. It is the responsibility of professional who is managing the account of trader to give him equal guidance and assistance needed to manage the forex accounts, as would a pro get. **End Summary** Topics: managed forex accounts]]> managed forex]]> managed forex account]]> forex trading]]> managed forex trading]]> forex managed accounts]]> forex managed account]]>]]> About the Author: ]]> Managed Forex Accounts with PanaMoney: up to 2.8% daily. Forex managed accounts with the leader in managed Forex trading. Watch Forex trading in real time. Managed Forex accounts with PanaMoney: http://www.PanaMoney.net

How to understand Forex charts

Mon, 01 Dec 2008 00:00:00 -0500

There are three most commonly used types of Forex charts: line chart, bar chart and candlestick chart. Candlestick chart is the most popular and widely used chart type. A candlestick chart shows things that are not visible on other charts. It gives comprehensive information about price on the Forex market and thus helps better understand and predict future price moves. Each bar of the chart is a candlestick known also as Japanese candlestick. Because of its appearance candlestick delivers more information than any other line or bar method. Candlestick carries High, Low, Open and Close for the price at specific time and possesses a Body. A color and the size of the body supply traders with additional price details. The major part of the candlestick, the body, represents a range between Open and Close prices. When Open for the price is above Close, a candlestick body is filled (gold). When Open for the price is below Close, a candlestick body is hollow. One of the common set up which we are going to use for our charts is gold and white. **End Summary** Topics: forex chart]]> read forex chart]]> forex]]> forex trading]]> managed forex account]]> forex account]]> manager forex]]> automated forex trading]]>]]> About the Author: ]]> PanaMoney Technologies, Inc. is a legally registered managed Forex trading company offering managed Forex accounts with up to 2.8% daily profit. Fully transparent: watch Forex trading sessions real time! 'No loss' guaranteed by the company's Safety Fund. Bank transfers accepted. Unlike other companies, the managed Forex accounts with PanaMoney Technologies, Inc. have no monthly charges. The minimum amount for investing is as low as 30 USD. Managed Forex accounts with PanaMoney Technologies, Inc. Website: http://www.PanaMoney.net

Steady Income With Managed Forex Account

Fri, 14 Nov 2008 00:00:00 -0500

Many people are drawn to the Foreign Exchange market due to high liquidity, 24 hour trading, low startup costs, and a number of other attractive reasons. However, some traders are unable to sufficiently learn or trade currency due to lack of time or other reasons. Also, many investors like to supplement their existing portfolio without having to learn a completely new market. This is where the 'managed Forex account' comes in. A managed Forex account is an established live Forex account funded by the investor, and traded by a managed Forex company or professional trader. This allows the investor a reasonable rate of return on an account he/she does not necessarily have to trade himself/herself, and the opportunity to be a part of the largest financial market in the world. There are obviously many up sides to a managed Forex account. The investor is able to achieve a steady rate of growth without having to spend all the necessary time and effort to trade the money himself. The Forex market is a very liquid market as well, giving the investor a much more flexible means of withdrawing funds from the managed Forex account. **End Summary** Topics: managed forex account]]> forex]]> forex account]]> managed forex accounts]]> managed forex]]> forex trading]]> managed forex trading]]> hyip investment]]> automated f]]>]]> About the Author: ]]> PanaMoney Technologies, Inc. is a legally registered managed Forex trading company offering managed Forex accounts with up to 2.8% daily profit. Fully transparent: watch Forex trading sessions real time! 'No loss' guaranteed by the company's Safety Fund. Bank transfers accepted. The minimum amount for investing is as low as 30 USD. Managed Forex accounts with PanaMoney Technologies, Inc.: http://www.PanaMoney.net