FOREX BONUSES $$$$$

Find out More About IG FOREX REVIEW:

We know that most of you usually ask which the best Forex broker is, but have you ever wondered which are the oldest ones? And don’t you think that rich experience can sometime be quite more important than great bonuses or super modern platforms? Speaking of these, have decided to present you once of the oldest financial services providers on the market – IG. This broker has not just an amazing experience in the field, but also a great potential to remain in the chart for the best Forex platform, too. So see our IG review and find out more about this fantastic trading environment!

Preliminary IG Information – History and Regulation

Let`s begin with some basic information about IG. Since the broker is so old and experienced we cannot pass this part of our IG review. The company that owns the broker – IG Group – has been on the market for 40 years. During this time it has been providing different trading options and services like binary options, CFDs, Spreads, and, of course, Forex trading instruments. Today, IG broker operates among the entire global market by covering not only traditional territories – Europe and USA (yes, USA-customers are accepted and welcomed on the website) – but also Asia and Africa. Regulated by FSA – a very popular regulation body with a strong reputation, when it comes to financial transactions and personal data security – IG has proved to its audience that the environment for trading it offers is one of the best and preferable. Last, but not least, currently, IG headquarters are situated in London, UK, but the broker has offices among the entire world.

IG Provides a Big Abundance of Platforms For Any Customer and Any Taste

The rich experience of the company in the field made it understand that the platform is the key element to the successe forex  broker. For this purpose, currently, IG provides not one single, but several software types. Moreover – the options you have, when it comes to platform selection, are divided into several categories depending on the client`s choice for a device, method of application and etc:

v  Mobile apps for mobile traders that like to trade from any place and any time viatablet or a smartphone.

v  The most popular trading platforms for the audience, which searches for the classical trading methods – MetaTrader 4.

v  Contemporary and specially tailored software types that are entirely oriented to a particular trading field – L2 Dealer Platform, ProReal Time Charts and Direct Market Access Platform (DMA).

IG Feature and Account Type too Consider

The account types at IG Forex websites are two a standard account with minimum deposit of $10 only – superb chance for beginners to start their trading activity without risking too much, as well as a premium account for advanced traders and with a great pack of additional privileges and bonus types.. IG shows perfect level of transparency, as well as high leverage: 700:1 The broker provides more than 70 FX pairs from 0.8 pips and 99.01% of trades are executed in 0.1 seconds. The subscription is 100 free and there are no hidden fees or extra charging – including for the education centre and the pack of learning tips and tricks. Besides with the common foreign currency pairs, you can trade with commodities, indices and stocks at IG broker, too.

IG – the Broker With Great Customer Support Services for Any CaseRead a reviewRead as review

Whether it is a need of some additional information, or a special inquiry, you can always turn to the polite and kind customer support representatives at IG Forex platform. The customer support services are available 24/7,so no matter what time zone you are in, you will be responded in case of a requirement or a contact message for other issue. The communication methods are phone calls, live integrated chat in the website, as well as emails and Twitter posts. The customer support services at IG are available at multiple languages – including English, German, French, Italian, Japanese and etc.

What Are The Currently Available Bonus Types at IG Forex Platform

A good & experienced Forex broker is impossible to remain among the best platforms for trading without an attractive bonus system. IG does not make an exception with this rule and currently it offers you a variety of interesting promotions and special offers. See the bonus types at IG platform now:-

v Refer a friend

The popular program refer a friend is still available at IG trading website. It works stimulatingly for the current traders, who can get some additional reward in case they refer a new customer on IG Forex broker. The best thing is that both the referred and the referral are awarded by the brokerage.

v Demo account

As a bonus, this account allows you to trade without risking your money, but with the possibility to try and test the system. Thus, you can figure it out for your own good whether it is a good platform.

v Loyal customer program

Once you become a regular customer on this broker, you can always apply for its special loyal program and bonuses, too.

Why Choosing IG Broker?

There are many reasons why you should give it a try, but these are the top pros behind IG broker:

ü Rich experiences

ü Winner of best trading platform for several time

ü Reliable and reputable

the currency market............. EDGE

The Currency Market Information Edge By Investopedia Staff

The global foreign exchange (forex) market is the largest financial market in the world, and its size and liquidity ensure that new information or news is disseminated within minutes. The forex market has some unique characteristics, however, that distinguish it from other markets. These unique features may give some participants an "information edge" in some situations, resulting in new information being absorbed over a longer period of time.

New Characteristic of the Forex Marketing

Unlike stocks, which trade on a centralized exchange such as the New York Stock Exchange, currency trades are generally settled over the counter (OTC). The OTC nature of the global foreign exchange market means that, rather than a single, centralized exchange (as is the case for stocks and commodities), currencies trade in a number of different geographical locations, most of which are linked to each other by state-of-the-art communications technology. OTC trading also means that at any point in time, there are likely to be a number of marginally different price quotations for a particular currency; a stock, on the other hand, only has one price quoted on an exchange at a particular instant.

The global forex market is also the only financial market to be open virtually around the clock, except for weekends. Another key distinguishing feature of the currency markets is the differing levels of price access enjoyed by market participants. This is unlike the stock and commodity markets, where all participants have access to a uniform price.

Market Participants

Currency markets have numerous participants in multiple time zones, ranging from very large banks and financial institutions on one end of the spectrum, to small retail brokers and individuals on the other. Central banks are among the largest and most influential participants in the forex market. On a daily basis, however, large commercial banks are the dominant players in the forex market, on account of their corporate customers and currency trading desks. Large corporations also account for a significant proportion of foreign exchange volume, especially companies that have substantial trade or capital flows. Investment managers and hedge funds are also major participants.

Differing Prices

Banks' currency trading desks trade in the interbank market, which is characterized by large deal size, huge volumes and tight bid/ask spreads. These currency trading desks take foreign exchange positions either to cover commercial demand (for example, if a large customer needs a currency such as the euro to pay for a sizable import), or for speculative purposes. Large commercial customers get prices, with a markup embedded in them. from these banks, the markup or margin depends on the size of the customer and the size of the forex transaction. Retail customers who need foreign currency have to contend with bid/ask spreads that are much wider than those in the interbank market.

Speculative Positions Vs. Commercial Transaction

In the global foreign exchange market, speculative positions outnumber commercial foreign exchange transactions, which arise due to trade or capital flows, by a huge margin, although the exact extent is difficult to quantify. This makes the forex market very sensitive to new information, since an unexpected development will cause speculators to reassess their original trades and adjust these trades to reflect the new information. For example, if a company has to remit a payment to a foreign supplier, it has a finite window in which to do so. The company may try to time the purchase of the currency so as to obtain a favorable rate, or it may use a hedging strategy to cover its exchange risk; however, the transaction has to occur by a definite date, regardless of conditions in the foreign exchange market.

On the other hand, a trader with a speculative currency position seeks to maximize his or her trading profit or minimize loss at all times; as such, the trader can choose to retain the position or close it at any point. In the event of new information, the adjustment process for such speculative positions is likely to be almost instantaneous. The proliferation of instant communications technology has caused reaction times to shorten dramatically in all financial markets, not just in the forex market. This knee jerk reaction, however, is generally followed by a more gradual adjustment process, as market participants digest the new information and analyze it in greater depth.

Information Edge

While there are numerous factors that affect exchange rates, from economic and political variables to supply/demand fundamentals and capital market conditions, the hierarchical structure of the forex market gives the biggest players a slight information edge over the smallest ones. In some situations, therefore, exchange rates take a little longer to adjust to new information.

As well as, consider a case where the central bank of a major nation with a widely-traded currency decides to support it in the foreign exchange markets, a process known as "intervention." If this intervention is unexpected and covert, the major banks from which the central bank buy the currency have a information edge over other participants, because they know the identity and the intention of the buyer. Other participants, especially those with short positions in the currency, may be surprised to see the currency suddenly strengthen.While ,they may or may not cover their short positions right away, the fact that the central bank is now intervening to support the currency may cause these participants to reassess the viability and implications of their short strategy.

The end page

lovely forex history

Forex History

Development of the international currency market:

The evolution of the foreign exchange market in the recent decades goes through many stages in order to become the main engine of the contemporary global economy.

Every day currencies are traded in billions of dollars’ worth on the world financial markets, thus enabling global trade and investment. This material is intended to provide the background to current developments in the international currency markets, with particular emphasis on international agreements and the impact of technology on the business, which takes place 24 hours a day.

Between the First and Second World War currencies were subject to the system of fixed exchange rates based on gold and silver standards. This period is known as the era of convertibility. Governments backed currency issued by them with a specific amount of gold or silver. The dominant world currency at the time was sterling and the dollar took on the role of the next most important currency. The end of convertibility came around 1929, at the beginning of the Great Depression. During World War II the foreign exchange 

market virtually ceased to exist.

The Bretton Woods Agreement of 1944:

– Introduced the nominal system based on the exchange standard of gold.

– Established the International Monetary Fund (IMF) and International Bank for Reconstruction and Development (World Bank).

– USD replaced the British pound as the dominant currency on the market.

Clearing arrangements;

– Multilateral agreement on compensation in 1947

– European Payments Union (EPU) 1950-1958

– European Monetary Agreement (EMA) 1958-1973

The Abandonment of t a Bretton Woods Agreement leads:

– Formation of the Gold Pool in 1961 (to 1968)

– Introduction of Special Drawing Rights (SDR) in 1969

– Strong currencies float more freely.

(The Smithsonian Agreement of 1971)

The Agreement includes a 10 percent devaluation of the dollar and a further increase of the other currencies, through an increase in the official price of gold to $28 an ounce.

Greater flexibility was possible after expanding by 2.25% in the permitted fluctuation margins of the new central rates of the currencies against the dollar.

Due to Germany's skepticism regarding the Smithsonian Agreement, European currencies change in a narrow range against each other and have a floating exchange rate against the dollar, thus creating mini system.

The UK decision to join the Snake in May 1972 encouraged other countries to free-float their currencies against the dollar, rather than adhere to certain tolerance limits imposed by the Smithsonian Agreement.

Thus the Snake successfully replaces the Smithsonian Agreement. In fact England was forced to withdraw from the Snake after only seven weeks as a result of a speculative attack against the British pound.

In response to the high inflation caused by the oil crisis, countries begin to set targets related to the increase in the money supply, resulting in increased interest rates. These changes in interest rates lead to greater movement of short-term capital between countries in search of higher interest rates and thus reinforcing a floating rate.

Goals of the European Monetary System of 1979:

– To contribute to better economic integration and stability among member states of the EU.

– To introduce a system of managed exchange rate with intervention of + / - 2.25% from central rates for most currencies, i.e. Mechanism to control exchange rates.

– To establish the ECU as the main currency in the EU.

– Parity network is the cornerstone of the control mechanism of exchange rates. Bilateral central rates for each currency are at the core of the network.

European Economic and Monetary Union (EMU) 1990-2002:

The creation of the European Economic and Monetary Union (EMU) is a process involving three stages from 1990 to 2002. It was created to introduce:

– Circulation of a single currency among member states of the European Union.

– Creating a single European Central Bank (ECB).

– Common monetary policy between EU member states.

– Exchange rates between EU member states are fixed on 1 January 1999 and in January 2002 euro was put into circulation.

The Goals of the European Economic and Monetary Union are:

– More efficient single market.

– More stable economic environment.

– Increased international monetary stability.

– Further political integration within the EU.

Technological revolution:

Greater speed and efficiency of communication is a result of the technological revolution. Dealers are able to expand their operations, thanks to computerized cash payments and information systems. Technological advances led to more speculation and volatility.

OTHER INNOVATIONS INCLUDE:

v  Authorities of the countries in the G7 try to maintain exchange rates within certain limits or reference ranges.

v  The Plaza Accord (1985) - In September 1985, the finance ministers and central bank governors of the member countries of the G5 (U.S., UK, Germany, France and Japan) held a meeting in New York, at the Hotel Plaza, on which they agreed to cooperate to encourage systematic improvement the major currencies against the U.S. dollar.

v  The Louvre Agreement (1987) - In February 1987 the member states of the G6 (G5 with Italy) agreed to maintain their currencies at appropriate levels and promised to cooperate to foster stability of exchange rates around current levels. There is an unofficial exchange rate going to be maintained within 5%.

v  The international payments system is based on the exchange standard - International payment system is actually based on the dollar standard that actually exists, but is not officially recognized. Foreign central authorities hold reserves primarily in the form of dollars and use them to settle international debts. However, the dollar was no longer convertible into gold or something else. Thus, the purchasing value of the global dollar reserves depends on the state of the U.S. economy. It seems that this situation will continue until they are widely accepted alternative reserve assets.

Note:I know forex but I don’t thinking  old genaretion forex so Iam so happy with forex.

forex history data based of quastions

Forex Historical Data of mater Trader

We offer reliable full forex history intraday data for the most traded currencies (see the full list below).

The data are in ASCII format, ready for import to MetaTrader 4.

Our data start in November 1999 and end in June 2015, we offer full intraday data for timeframes from 1 minute, including: 1, 5, 15, 30, 60 min, 1 hour, 4 hours and daily for all currencies.

Data are composed of Open, High, Low and Close and Volume, they are cross compared and cross validated for maximum reliability.

·      Why should you purchase quality historical data?

MetaTrader history data (downloaded using Metatrader) are known to be unreliable. They contain errorneous candles and gaps (missing data) of several minutes, days or even months (yes, that's correct) that result in incorrect computation of indicators. You shouldn't rely on the free data when testing your EA robot or manual trading strategy.

We provide high quality history data that are cross validated for maximum reliability. Our data are specially targetted to be used for backtesting EA robots with maximum reliability.

We offer full 14+ years history of intraday data. Unlike many other services we provide true intraday data for timeframes from 1 minute up.

Lifetime future updates - we update the data on a quarterly basis, adding the recent months. You will be able to download the most current data with your username/password anytime in the future.

Bonus guides (see below) - we provide also bonus guides that will help you get most of your EAs.

No more unreliable backtesting

The accuracy of historical data is one of the most important factors that can predetermine your success as a trader. Whenever you are developing or evaluating new trading strategy (mechanical or with EA) or making a backtest, you need reliable history data that will help you with the decision process.

This sample report shows that the tester found more than four hundred thousand errors in the chart data. This is very common if you rely on the data downloaded only from History Center.

v Would you trust the results of such test? Of course not.

We provide reliable real history data with no gaps and no chart errors. The data can be used for reliable backtests of EAs or manual trading systems more than 14 years into the past.

ü  What you'll get

Historical Data For Chosen Currency Pairs

Historical data for every currency pair in ASCII format, ready for import into MetaTrader. Every pair contains data file for all the timeframes. Our data has Open, High, Low and Close prices and Volume. Time of data is in GMT+2, data for every pair cover period of more than 14 years..

 So the forex history  data base are interested.

forex information essay

Foreign exchange means claims on another country held in the form of the currency or interest bearing bonds of that country i.e. converting one national currency into another country's national currency. As per Foreign Exchange Regulation Act, 1973, foreign exchange means foreign currency and includes:

¢ All deposits, credits and balances payable in any foreign currency, and drafts, traveler's cheque, letters of credit and bills of exchange, expressed or drawn in Indian currency but payable in any currency.

¢ Any instrument payable, at the option of the drawee or any other party thereto, either in Indian currency or in foreign currency or partly in one and partly in other.

Foreign exchange market means a market in which transactions are conducted to effect the transfer of the currency of one country into that of another. The bulk of the foreign exchange (forex) market is "over the counter  (OTC), as there is no physical place where the participants meet to execute the deals. It is more an informal arrangement among the participants for purchasing or selling currencies, connected to each other by telecommunications like telex, telephone and a satellite communication network. In India banks are also connected to the SWIFT (Society for Worldwide Interbank Financial Telecommunication) network.

The largest forex market of the world is London, followed by New York, Tokyo, Zurich and Frankfurt. (India's position search). In most markets US dollar is the vehicle currency i.e. the currency used to denominate international transactions. This is despite the fact that with currencies like EURO, Yen and Deutsche Mark gaining larger share, the share of US dollar in the total turnover is shrinking.

LEGAL INFORMATION OF FOREX

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understand the risk involved,
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