FOREXYARD: Forex News Blog | |
| How to Benefit from Forex Trading? Posted: 08 Sep 2008 03:14 AM PDT
Everyday, currencies are traded in an international foreign exchange market, otherwise known as the forex market, with the main marketplaces (also known as bourses) existing in the world’s financial centers: New York, London, Tokyo, Frankfurt and Zurich. Historically, the only way to participate was from the trading floor of one of these bourses. Today, however, people can now trade forex from anywhere through their PC and a secure internet connection. Today’s traders operate in a global network, taking positions in the market and making investment decisions based on either relative value between two currencies, or a particular currency’s actual price. Currency value fluctuations are constantly renegotiated through trading activity, and this activity, and the corresponding currency values are also indicators of the levels of currency supply. Here is an example of market behavior: greater demand for the EUR might indicate a weakening supply; low supply and increased demand will then drive the price of the EUR up against other currencies, like the US Dollar, until the price better reflects what traders are prepared to pay when short supply exists. Another way of looking at this is to consider that higher demand also means it will cost more dollars to buy the EUR, which equates to a weakening of the Dollar in comparison. Analysis of situations such as in this forms the basis for a trader’s investment decisions, and they will purchase or sell currency accordingly. This should be remembered, while many see the foreign exchange market as the vehicle for converting their home currency while traveling abroad, many others choose to use the market to advance their financial position and secure their future. If you’d like to join the community of forex traders, sign up now and start your own trading account with ForexYard! |
| How do I Deposit via Credit Card? Posted: 24 Jul 2008 03:34 AM PDT
Using a Credit Card is the fastest and easiest way to deposit money into a new or existing Forex account. The deposit by Credit Card is also one of the safest ways to move money when dealing with online trading. Our Forexyard support staff prides itself on ensuring the highest level of security when dealing with the Credit Card transactions of our clients. First time depositors via credit card, should log on to the Forexyard homepage at www.forexyard.com and select to open a new account. After filling out the necessary account details you will be taken to the deposit funds page. Select deposit via credit card and fill out the information accordingly. Forexyard accepts both Visa and Mastercard including debit cards if applicable by the beneficiary bank. After depositing funds, it is important to send a copy of the front and backside of the card along with photo ID to the Forexyard support team. Existing clients can deposit funds by card by accessing the homepage and clicking the deposit funds tab on the right hand side of the page. All deposits are converted to USD for trading in your account. When choosing an account base currency other than USD, your credit card may be debited sums which due to exchange rates and credit card companies’ fees, may slightly vary from the initial sum that has been deposited by you in the account base currency. For general issues with Credit Card depositing it is recommended to contact the ForexYard Customer Support team by email, telephone or LiveChat. |
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