What Does It Cost to Trade Currencies?
An online currency trading account (a “micro-account”) may be opened for as little as $100. Mini-accounts start at $300. Do not laugh—micro- and mini-accounts are a good way to get your feet wet without taking a bath. Unlike futures, where the size of a contract is set by the [...]
Entries from July 2008
What Does It Cost to Trade Currencies?
July 31st, 2008 · No Comments
Tags: FOREX Terminology and Notation
FX Overnight News Update - July 31 2008
July 31st, 2008 · No Comments
The USD is a little weaker today, after oil prices reversed course and climbed higher on the back of yesterday’s EIA inventory reports. Crude oil closed at $126.77, which was more than $4 higher than the prior day’s close, and was its highest close in more than a week. Yesterday the Fed announced that it [...]
Tags: Forex Market
New Zealand: Business confidence lower in July
July 31st, 2008 · No Comments
The latest reading on business confidence in New Zealand showed that business confidence fell further in the red in July, moving to -43 points. Own activity expectations have now been negative for five consecutive months, the first time this has occurred in twenty years. Critical sub-components such as employment intentions, profits and investment were lower [...]