The trusted source for everything in the world of foreign exchange, central banking and economic news. The fastest forex news and analysis. Since FX trading is performed on currency pairs (i.e. the quotation of the relative value of one currency unit against another currency unit), in which the first currency is the so-called base currency, while the second currency is called the quote currency.
Foreign exchange is traded in an over-the-counter market where brokers/dealers negotiate directly with one another, so there is no central exchange or clearing house The biggest geographic trading center is the United Kingdom, primarily London. According to TheCityUK , it is estimated that London increased its share of global turnover in traditional transactions from 34.6% in April 2007 to 36.7% in April 2010. Due to London's dominance in the market, a particular currency's quoted price is usually the London market price. For instance, when the International Monetary Fund calculates the value of its special drawing rights every day, they use the London market prices at noon that day.
In this view, countries may develop unsustainable economic bubbles or otherwise mishandle their national economies, and foreign exchange speculators made the inevitable collapse happen sooner. A relatively quick collapse might even be preferable to continued economic mishandling, followed by an eventual, larger, collapse. Mahathir Mohamad and other critics of speculation are viewed as trying to deflect the blame from themselves for having caused the unsustainable economic conditions.
FXCM, short for Forex Capital Markets, is a no dealing desk Forex broker that offers two distinct services. DailyFX, a news service, provides regular financial news to Forex traders worldwide, while FXCM itself offers trade executions on multiple platforms with competitive spreads. For US traders, leverage is restricted to 1:50 because of NFA regulations. Specifically useful for new traders may be the company's free online learning seminars that are offered on a regular basis. Experienced traders will appreciatethe company's fractional pip pricing and non-dealing desk nature, which ensures that the brokerage will not take the other side of your trade. Partnerships with top banks enable FXCM to have fast execution and respected trading conditions.
Internal, regional, and international political conditions and events can have a profound effect on currency markets. Alpari Research & Analysis Limited, 17 Ensign House, Admirals Way, Canary Wharf, London, United Kingdom, E14 9XQ (financial research and analysis for the Alpari ?ompanies).