Fundamental Analysis

Fundamental indicators are the announcements which traders follow to show the strength of a particular currency with respect to others.

Difference Between Stock And Forex Trading

No matter whether there is a bull or bear market, in forex there are always opportunities

Forex Dealing

A trader attempts to profit from buying or selling currencies by implementing Fundamental and Technical analysis to help decide which way a currency is likely to move.

What is Forex?

The foreign exchange market is the world’s biggest financial market regularly experiencing daily transaction volumes in the trillions of dollars.

The platform for the next generation of serious trading

To meet the serious needs of experienced market traders, as well as those just starting out, Saxo Bank offers the SaxoTrader, the most intuitive and complete multi-product online trading platform in the market. The multi-award winning SaxoTrader combines a secure trading environment with a massive and comprehensive choice of trading products.

SaxoTrader benefits:

• Complete product range – 160+ FX crosses (incl. Spot Gold/Silver), 6,000+ CFDs, 16 Index-tracking CFDs, Stocks from 22 exchanges, as well as FX Options, Futures contracts and other derivatives
• Double leverage available on a range of single-stock CFDs and all Index-tracking CFDs
• Fully personalised trading environment, complete with prices, market analyses, data and news modules, technical analysis and charting functions
• Extensive market analysis and streaming news service
• Excellent liquidity, one-click trading for fast execution and full range of trade orders
• Two-way dealer chat - direct access to our dealers
• Reliability of trading with a fully licensed and regulated European bank

HISTORY OF FOREX TRADING

Initially, the value of goods was expressed in terms of other goods, i.e. an economy based on barter between individual market participants. The obvious limitations of such a system encouraged establishing more generally accepted means of exchange at a fairly early stage in history, to set a common benchmark of value. In different economies, everything from teeth to feathers to pretty stones has served this purpose, but soon metals, in particular gold and silver, established themselves as an accepted means of payment as well as a reliable storage of value.

Originally, coins were simply minted from the preferred metal, but in stable political regimes the introduction of a paper form of governmental IOUs (I owe you) gained acceptance during the Middle Ages. Such IOUs, often introduced more successfully through force than persuasion were the basis of modern currencies.

Before World War I, most central banks supported their currencies with convertibility to gold. Although paper money could always be exchanged for gold, in reality this did not occur often, fostering the sometimes disastrous notion that there was not necessarily a need for full cover in the central reserves of the government.

At times, the ballooning supply of paper money without gold cover led to devastating inflation and resulting political instability. To protect local national interests, foreign exchange controls were increasingly introduced to prevent market forces from punishing monetary irresponsibility.

How to Trade Forex

Trading foreign exchange is exciting and potentially very profitable, but there are also significant risk factors. It is crucially important that you fully understand the implications of margin trading and the particular pitfalls and opportunities that foreign exchange trading offers. On these pages, we offer you a brief introduction to the Forex markets as well as their participants and some strategies that you can apply. However, if you are ever in doubt about any aspect of a trade, you can always discuss the matter in-depth with one of our dealers. They are available 24 hours a day on the Saxo Bank online trading system, SaxoTrader.

The benchmark of its service is efficient execution, concise analysis and expertise – all achieved whilst maintaining an attractive and competitive cost structure. Today, Saxo Bank offers one of Europe's premier all-round services for trading in derivative products and foreign exchange. We count amongst our employees numerous dealers and analysts, each of whom has many years experience and a wide and varied knowledge of the markets – gained both in our home countries and in international financial centres. When trading foreign exchange, futures and other derivative products, we offer 24-hour service, extensive daily analysis, individual access to our Research & Analysis department for specific queries, and immediate execution of trades through our international network of banks and brokers. All at a price considerably lower than that which most companies and private investors normally have access to