KINGDOM LIVING WEALTH NETWORK™: Understanding Forex Currency Pair Quotes

Understanding Forex Currency Pair Quotes

Reading a FOREX quote may seem a bit confusing at first but it's actually quite simple. Forex quotes are presented as two numbers. The first number is called the bid and the second is the offer/ask.

If we use the USD/JPY (U.S. Dollar/Japanese Yen) as an example 115.37/115.40, the first number 115.37 is the bid price and is the price traders are prepared to buy USD against the JPY.

The second number 115.40 is the offer price and is the price traders are prepared to sell the USD against the JPY.

Kingdom Living Wealth Network
The Foreign Currency Exchange (ForEx) Kingdom Living Wealth Network Group carries the vision of empowering the people of God to live lives of stability and security. It provides an impetus to attaining a means by which God's people can dedicate themselves to their calling and commitment within God's Kingdom in a spirit of excellence and unhindered devotion and gratitude.

Tools and training are now readily available to help you become a foreign currency exchange trader. It is Simple, Easy to Learn, Fast to Apply and can hold Minimal Risk encouraging Financial Safety and Security from the Convenience of your own Home at your own Leisure. Welcome to Bilateral Earning!

A Local Resource in Franklin, TN
Stay tuned for informative initial meetings, training seminars and fellowship gatherings scheduled for Spring and Summer of 2009.

"Both riches and honor come from You, and You rule over all, and in Your hand is power and might; and it lies in Your hand to make great and to strengthen everyone.”
xxxxxxxxxxXXxxxI Chronicles 29:12

Forex Currency Codes
Each currency is identified by a universal code of three letters in the Forex global market. We are listing here those that are most volatile, actively traded, for your information and reference.

AUD - Australian Dollars
CAN - Canadian Dollars
CHF - Swiss Francs
EUR - Euros
GBP - Great Britain Pounds
JPY - Japanese Yen
USD - United States Dollars

The most widely traded currency pairs are known as the "majors" due to their volume and liquidity in the market. They are (EUR/USD) (USD/JPY) (GBP/USD) (USD/CHF).

Please see posting on currency pair quotes and currency pair trading values to understand how they are read. Also, for your convenience and reference, we have posted a live, actual value reading refreshed automatically every 30 seconds, on the Forex currency market at the foot of this blog site. Enjoy!

FX-Grid Expert Advisor Program
FX-Grid is an automated computer FX trading system, also called a Mechanical Trading System (MTS).
It identifies and engages in high-probability profitable trades by employing a “grid system” of trade analysis. The approach seeks to maximize results from working in tandem with and anticipating the natural movement of the market.
As such, grid style trading considers every trade so that, regardless of the market’s movement direction, whether up or down, FX-Grid can bring positive returns.

FX-Grid is truly mechanical and comes in the form of an Expert Advisor for the MetaTrader4 platform. The fully licensed version of FX-Grid comes with a variety of user-input settings for full control over its many functions. You can manage the level at which to take a profit or to stop a loss. Other custom settings include: Trailing Stop Loss, Lot Size, Dynamic Grid, Take Profit Equity, and more.

FX-Break Expert Advisor Program
FX-Break is a "Break Through" trading system. It enters the market on breaking a certain price level. If the break does not occur, no trades are opened. The price level is calculated using several technical studies (indicators), some of them widely popular like the RSI (Relative Strength Index) and MA (moving averages), and others developed particularly for this system.
FX-Break is inhumanly patient and waits for the opportune time when all the variables give the same signal along with the desired price action. With FX-Break all indicators must confirm each other before a trade is engaged to yield higher probability for a winning transaction.

This EA also uses trailing stoploss techniques and multiple profit targets (4) to assure higher gains and protection of your account. Once a trend is established and a trade is opened in its direction, it attempts to capture as large a portion possible in the inevitability that it develops well or to grab a piece and get out quickly if it suddenly turns in the other direction.

FX-Break is a slow but stable gainer. It was custom designed with the highly conservative investor in mind. It may go for several days without a single trade. FX-Break aims for secure trades and will do most of the work by itself. It will run day after day, one trading sessions after another, loosing, winning, sustaining and most importantly increasing the account equity with time - week after week and month after month.

"After practice on the demo, I purchased FX-GRID and opened a $10,000 account. Trading regularly during the month of August, I pulled out my profits three times for a sum of $3,700. That's 37% earnings in one month!" Tod, TN

"After 30 days of proving my ability to earn profits, I left my job at a retail mart and began trading for a large investor friend on one of his $100,000 accounts. In one month, I made $43,000 profit for my employer." Josh, CA

"We lost quite a bit when we started for not taking the time to read the directions and get enough practice. Now we are pulling out profits regularly. Last week we adjusted the settings and in a one hour trading session pulled out $540.00 on a $5,000 account." Susan, TN

"I've read numerous books on Forex, purchased several EA's and have spent the last eight months researching and practicing trades. I am so excited about your product. From what I have learned so far, it is destined to become an industry leader." Greg, NY

"I lost $101.00 in a matter of minutes. It disappeared so fast I turned off the program. I reset the indicators and carefully applied the monitoring settings. Over the next two days I earned $1.056.18 on $5,000. That's right, two days. I pulled the profits and cranked it up again. This baby works!" Alex, TN

ENDING FINANCIAL MISERY
You have heard it said that one has to have money to make money and that is almost always true. If we find ourselves in a state of lack however, crushed under the pressure of bills and debt, we must first find a fix to this condition before casting our net to build financial stability and net worth. Steady work and a plan are sure ingredients to success!

Ending Financial Misery is an affordable booklet on building greater financial independence. Debt reduction and cancellation of consumer interest-bearing debt (credit cards) while eliminating current outstanding bills will be the focus. You will learn easy-to-succeed money management systems that prepare a foundation for excellent investment strategies which will multiply future earnings.

COMING SOON:

Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts or concerns.

Understanding Forex Currency Pair Quotes

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Understanding Forex Currency Pair Quotes

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