Just because you may be stuck in dollars and feel like being in a canoe full of holes and without a paddle, does not make you an unwise investor. To have bought a house that does not appreciate in value, or in fact is doing the opposite at the moment, does not make you an unwise investor either. To be a victim of temporary derailment due to a veritable cocktail of various negative circumstances, none of which can be of permanent nature,...

We come face to face with our local money every day. The time will come when some of us will need to make or receive a payment in a foreign currency.   To jump this hurdle, we go to the bank to handle the currency exchange, or to a number of foreign currency exchange companies we can find on the internet, who will invariably quote far better rates of exchange. Believe me they will, they could not exist if they did not offer a better deal....

The American investment banker was at the pier of a small coastal Mexican village when a small boat with just one fisherman docked. Inside the small boat were several large yellow fin tuna. The American complimented the Mexican on the quality of his fish and asked how long it took to catch them.

People generally believe that currency exchange rates are something totally irrelevant to their daily affairs. A dollar is always a dollar they say. Funny enough, the very same people are very sensitive to words like inflation rate, interest rates, etc. and almost all of them keep a portion of their money in bonds and stocks in order to preserve the value of their portfolio--a different mix of cash, treasuries and securities...

Technical analysis has been very widely used in the last 20 years to forecast future price changes in all kinds of markets. There have been long debates as to which one is more useful, fundamental or technical analysis (more on this in our article Fundamentals or Techs? A third view in Forex). Technical analysts are not interested in the cause of a fact but on the fact itself.

Forex is a 24 hour market and there will be good setups for profitable trades in the Asian, European and US sessions. It pays to look at historical price data on forex charts to see what time of the day you could be watching the market

The purpose of these articles is to introduce the forex market to you. As with many markets there are many derivative of the central market such as futures, options and forwards. In this book we will only be discussing the main market ...