Difference Between Forex and Futures

• A Forex trader could trade more transaction compared to the futures market (the trading volume could be a times larger), and the risk will be strictly under control. The trading volume of the Forex market is 46 times larger compared to the futures market.
• The risk of the Forex trader is under control, such margin call will not happen compared to futures, through the Forex trading system, your risk will receive the strict limit, even if your margin if lower then the deposit required.
• A Forex trader will receive a large limitation of liquidation and a relatively fair market because the trading volume of the Forex market is large and it is also the largest liquidation market in the world. 
• A Forex trader may do 24 hours transactions and other markets are different, the Forex market is a 24 hour linkages market, it starts from every Sunday before dawn Australian Sydney market, substandard collect the transaction center Singapore, Tokyo, London, Frankfurt to New York continuously to open.

Characteristics of Forex Market

The main characteristics of the foreign exchange market are: 

1st, It consists market but no trading field

The finance industry in the western countries consist two sets of systems, namely the centralism business central operation and there is no fixed place for such business network.

2nd, Circulation work 
Due to the different geographical position of the various financial centre, the Asian market, the European market, the Americas market because of the time difference relations.

3rd, Zero and Game 
In the stock market, the rise or the drop of stock market could influence the value of the stock whether to rise or drop, for example the Japanese new date iron stock price falls from 800 Japanese Yen to 400 Japanese Yen, the value of this stock has been reduced to half.

Foreign Exchange (Forex) Market

The foreign exchange market is a place to trade foreign exchange currency, or it is also a place for the transaction of all foreign currency. The foreign exchange market therefore is existence, because of:

Trade and investment
Import and export business, people pays one kind of currency when doing business, but when earns another kind of currency when receive the commodity.

Speculation 
Currencies exchange rates could fluctuate according to the demand and supply between two currencies.

Hedging 
Due to the fluctuation between two currencies, those companies who owns foreign asset (for example factory), when these companies convert these properties into cost country currencies, there consist of certain risks.

Forex Market Development

Today, the foreign exchange market daily trading volume has amounted to 150 billion US dollars, it’s scale has gone far beyond the stock, the stock and other finance commodity markets, it has became the world's most biggest sole finance market and the also the speculation market.

The Foreign Exchange Rate

In the international market, the Foreign Exchange rate is demonstrated by five numerals, for example: 

EUR/USD 1.2653
USD/JPY 107.65 
GBP/JPY 195.03 

The Exchange Rate Change

The exchange rate smallest change for the final figure (is 1 pip), for example: 

The EUR/USD smallest change is 0.0001 
USD/JPY smallest change is 0.01

Quoted Price

All quoted prices can be divided into direct quoted price and the indirect quoted price, for example:

The direct quoted price currency includes: EUR/USD, GBP/USD, AUD/USD, NZD/USD ...... 
The indirect quoted price currency includes: USD/JPY, USD/CHF, USD/CAD ....

For example, the EUR/USD quoted price is 1.2653, which means each euro could convert to 1.2653 US dollars, while the USD/JPY quoted price is 107.65, which means that each US dollar could convert to 107.65 Japanese Yen, the EUR/USD quoted price general demonstration is 1.2652/57, which means the broker house is willing to buy Euro dollar at the price of 1.2652, and sell at the price of 1.2657.

Foreign Exchange Markets

Being the main force driving the global economic market, currency is no doubt an essential element for a country. However, in order for all the countries with different currencies to trade with one another, a system of exchange rate between their currencies is needed; this system, is formally known as foreign exchange or currency exchange.

Another form of exchange rate is known as pegged exchange rate. This is a system where the value of the exchange rate is fixed by the government of a country and not the supply and demand of the market.

The Foreign exchange market, or commonly known as FOREX, is the largest and most prolific financial market because each day, more than 1 trillion worth of currency exchange takes place between investors, speculators and countries.

Investment Plans

BASIC PLAN - investment from 100 to 3.999 USD with average monthly rate of 9%, maximum of 10%

MEDIUM PLAN - investment from 4.000 to 19.999 USD with average monthly rate of 12% , maximum of 14%

TOP PLAN - investment from 20.000 to 49.999 USD with average monthly rate of 14%, maximum of 16%

20PLUS PLAN - investment from 50.000 USD and more with average monthly rate of 17%, maximum of 20%

Fixed Term of investment of principal is 6 months

VARIABLE HIGH RISK PLAN - from 300 USD, variable monthly interests, average 16% but with a risk of partial loss of capital. Available to investors with more than 20.000 USD investments.

COMMODITIES - disponible to investors from 400.000 USD, 40-50% monthly profit, fixed term of investment of principal is 12 months, capital insured.

Investment lans

Invest and Promote

Take advanatage of the business opportunity with our Forex partner!

You can earn profits in two ways:

1. Gain monthly revenues up to 50% dependning on the size and plan of your personal investment.

2. Reffer the program to ther investors, create your own investors organization, and obtain extra earnings. You will gain commisions from all investments of your downlines once you meet the needed requirements.

Invest and romote

Forex Investment

Everyone can benefit from the great interests made in the Forex market, investment plans with interests starting from 10% MONTHLY are todays reality!

Everyone around the globe can invest, the new financial market offers great opportunities, and nowadays it is accessible to everyone who wants to be part of it.

The end of the monopoly of the banking entities in the Forex Market allowed that it is possible to invest directly in this impressive market. The Foreign Exchange or Forex Market is now more accessible to the public.You can earn interest rates previously enjoyed only by major financial institutions. 

How is it possible to have high rates of returns on a monthly basis?

That is the strength of the Forex market. With nearly 2 trillion USD being traded each day, a 10% return each month is conservative, as long as you work with experienced market research analysts, invest through a solid Forex foreign exchange broker, and invest enough capital to allow for diversification.

CFD/Share Trading

CFDs are an efficient means of trading shares, indices, commodities, and currencies. Find out why GCI is a global leader:

1. All trading is commission-free with up to 400:1 leverage

2. Free trading software with live charts and streaming quotes

3. Trade shares, indices, commodities and currencies

4. Mobile Phone / PDA trading capability

5. Test trade with all products and live prices on a Free practice account

CFDs Explained

The "CFD", or "Contract for Difference", was developed to allow clients to receive all the benefits of owning a stock without having to physically own the stock itself.The other major benefit of trading a CFD is the fact that the client can trade on margin.Using the example above, a client purchasing $50,000 worth of CFD Shares will only be asked for $2,500 margin.

CFD Performance
 
As with Shares, CFD investors benefit from normal market movements.

Margin

Unlike physically purchasing stocks, clients only have to deposit approximately 5% of the value of the Shares.

Trading Psychology

There are some simple principles that are essential keys to unlocking the door toward becoming a millionaire, or at least gaining a little more than losing.

Have a Plan. Many traders do not realize that trading is more complex than it seems. It should not be driven by merely a hunch. A good trader is always ready with a realistic plan.

Cut your losses at an early stage and bó loyal to your profit earners. Some traders want to believe that their losses might still do well after a good waiting time. Do not be caught in the belief that every trade should be profitable.

Play Smart. Don’t let your emotions rule in trading. Always be objective with your decisions. While in the market, do not hope that it will move in a favorable direction just for you.

Do not overtrade. This is one of the most common mistakes traders make. Leveraging your account too high by trading far larger than before puts you in a very vulnerable position.One good tip is to limit your leverage at 10%; in this way, you won’t be forced to exit a position at a wrong time, before you even get a win.

Forex Demo Account

Forex demo accounts allow you to practice Forex trading without financial losses. Many online Forex brokers offer the possibility to trade in a demo account to familiarize with their platform. A demo account is a simulation of a trading account, sometimes with a sum of virtual money. Traders can try it out to test the trading platform and see if they feel comfortable trading under the broker's conditions before investing any amount of real money in it.

Most demo accounts can be downloaded for free. Forex demo accounts can reflect the real-time market movements and allow traders to test the conditions they would be trading with. Forex demo accounts use historical rates during week-ends, when the currency trading markets are closed.

Generally Forex demo account has the same capabilities of the real account, the only difference between them is that the real account is with real money and the practice account is with virtual money.

How to create a perfect Forex trading system?

You need to make sure your trading system fits your trading personality; otherwise you will find it hard to follow it. Every trader has different needs and goals, thus there is no system that perfectly fits all traders. You need to make your own research on various trading styles and technical indicators until you find a concept that perfectly works for you.

Incorporate price action into your system. So you only take long signals if the price behavior tells you the market wants to go up, and short signals if the market gives you indication that it will go down.

You need to have the discipline to follow your Forex trading system rigorously. Try it first on a demo account, then move on to a small account and finally when feeling comfortably and being consistent profitable apply your system in a regular account.

FOREX Trading System

Ask yourself, how many traders achieve consistent profitable results trading in the Forex market? Unfortunately, according to statistics, only 5% of traders achieve this goal. One of the main reasons of this is because Forex traders focus in the wrong information to make their trading decisions and totally forget about ‘Price behavior’ factor.

Most Forex trading systems are made off technical indicators. But what are technical indicators? They are just a series of data points plotted in a chart. These points are derived from a mathematical formula applied to the price of any given currency pair. In other words, it is a chart of price plotted in a different way that helps us see other aspects of price. 

Trading decisions based on technical indicators without taking price action into consideration will give us less accurate results.

How to Be Successful In Forex?

A lot of people want to start trading in FOREX and be a success. If you want to be successful in FOREX, you should follow these simple rules.

Have a System. Every successful trader has his own system. That is basic philosophy in FOREX capital market trading to find unique, profitable system and to repeat it constantly. That is a big secret of many millionaires. Without system you could be impacted by unsettled conditions of ever-changing markets.

Trade Small. When you are not certain that it is a good time to trade, try to play with smaller amounts. This will give you a protection from big losses and an opportunity to test the market and discover trends. Constant successful small can bring nice gains. Risking too much money in single trade can easy jeopardize your brokerage business.

Don't Trade Too Often. Maintaining control over emotions is very important for every trader.

FOREX Strategy

Here are a few things you should learn about Forex trading if you want to make some real money.

Follow Trends. No matter how many factors you take into account, it still comes down to a degree of guesswork. There is a great deal of money to be made from simply following already existing, reliable trends than jumping in and out as it reverses.

Have a Trading Plan. Your plan doesn't have to be very precise. You have to set some limits for yourself. It takes a great deal of discipline to be a successful FOREX trader. Frequently you'll feel your emotions start to play into and affect your decisions, but you've got to do what's ultimately best, think rationally and sell when you need to sell.

Employ a Trading Program. FOREX trading programs are slowly becoming the new standard of trading, with over 30% of all traders currently using them now in 2009. These are programs which automatically trade for you by analyzing real time market data and reacting accordingly. They are equally as effective for beginners as well as experienced traderss.

FOREX Rules

Here are some simple rules for beginners in FOREX trading.

FOREX traders should use the free demo account to study FOREX trading

Beginners must patiently study. Beginner FOREX traders may first test the demo account where they can study process, develop individual FOREX trading strategy. If their capability of making profit enhances day by day, this indicate that a beginner FOREX trader might draw up the real FOREX trading account. 

Use stop loss to reduce risk

FOREX trader must be able to afford taking loss. Using the stop loss will prevent any further loss, the affordable loss depends on the account available margin situation. If there is a stop loss, FOREX traders should not feel upset because he or she has prevented the loss from getting worse.

The account margin must be sufficient

The lesser the trading margin, the bigger the risk, therefore beginners must avoid letting the account margin be too little. Such account amount does not allow any mistake to happen. Even a well-experienced FOREX trader can make mistakes.

Record the trading details

The beginner should record all the trading details, whether there is certain news or other reasons that influence profit and loss. FOREX traders can not remember the history of every trade, therefore recording is helpful in enhancing FOREX trading skills.

Do not enter the FOREX market after making loss

Do not eagerly open a new reverse market position in order to recoup from loss. This will only make the situation worse. Do not play with the FOREX market by guessing.

What is FOREX?

FOREX is the foreign exchange market or currency market. FOREX is the market where one currency is traded for another. It is the largest market in the world. 

Some of the participants in this market are seeking to exchange a foreign currency for their own, like multinational corporations which must pay wages and other expenses in different countries. However, a large part of the market consists of currency traders. They speculate on movements in exchange rates, much like others would speculate on movements of stock prices. Currency traders try to take an advantage of even small fluctuations in exchange rates. 

The most traded currencies in FOREX are Euro, US dollar, Swiss Frank, British Pound and Japanese Yen. Trading is not limited to those currencies; FOREX offers variety of currencies one can trade. 

FOREX trading is done online. A person finds a FOREX broker, opens a trading account with the broker and deposits money. FOREX broker provides to a trader so called FOREX trading platform. It is an application, a working environment, where a trader buys and sells currencies, dealing online – he speculates to make money on the difference of currency rates.

In FOREX currencies are traded in pairs: EUR/USD, GBP/USD, AUD/JPY, USD/CHF.

Welcome to FOREX.pk

Forex.pk, Pakistan's best forex portal provides you upto the minute forex rates in Pakistan Open Market, Pakistan Inter Bank & International forex market. Here you will find forex rates archives, graphs, charts, forex news, forex dealers directory, currency directory, gold prices, pakistan prize bond results and a wide range of information to help you explore the world of forex. 

Pakistan Open Market Rates in Pak Rupee (PKR)

Currency                              Symbol               Buying           Selling            
Australian Dollar                  AUD                     68.4               69.4 
Canadian Dollar                    CAD                      75.3               76.3 
Japanese Yen                        JPY                       0.85             0.86 
Saudi Riyal                            SAR                      21.95             22.2 
Singapore Dollar                  SGD                      56.65             57.65 
U.A.E Dirham                       AED                      22.45             22.7

An overview of the Forex market

The Forex market is a non-stop cash market where currencies of nations are traded, typically via brokers. Foreign currencies are constantly and simultaneously bought and sold across local and global markets and traders' investments increase or decrease in value based upon currency movements. Foreign exchange market conditions can change at any time in response to real-time events. 

The main enticements of currency dealing to private investors and attractions for short-term Forex trading are: 

1. 
   24-hour trading, 5 days a week with non-stop access to global Forex dealers. 
2. 
   An enormous liquid market making it easy to trade most currencies. 
3. 
   Volatile markets offering profit opportunities. 
4. 
   Standard instruments for controlling risk exposure. 
5. 
   The ability to profit in rising or falling markets.
6.  Leveraged trading with low margin requirements. 
7. 
   Many options for zero commission trading.