March 2012
Intermediate to advanced
223 pages
6h 45m
English
book
The RDS Forex System: A Breakthrough Method To Profiting from Market Turning Points
by Michael Radkay, Stephanie Radkay
Content preview from The RDS Forex System: A Breakthrough Method To Profiting from Market Turning Points
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
CHAPTER 2
Comparing Forex to Other Markets
So what is the difference between Forex and currency futures? Since both the Chicago Mercantile Exchange (CME) Group and the banks refer to currency trading as Forex, there is plenty of room for confusion out there as both sides of the fence jockey for market share. The CME Group offers the Futures version (sometimes referred to as the Forward) and the Banks offer the cash version (sometimes referred to as the Spot). The products are similar in nature, but we want to briefly mention some of the main differences. Both sides offer an amazing venue for their clients, but to avoid any confusion throughout this book, when referring to Forex we are talking about today's current cash or spot value of the currency. When we are referring to Futures we will refer to them as currency futures.
Let's do our best to compare apples to apples. The foreign exchange market known informally as Forex, is an over-the-counter (OTC) trading instrument where today's current cash value of one currency is traded for another. It is the most traded market in the world, with an average turnover nearing $4 trillion per day. Unlike other financial markets, the Forex market has no central exchange. It operates through an electronic network of banks where corporations and individuals can access and trade one currency for another. The Forex market operates on a 24-hour basis across each of the world's major financial centers every day.
CURRENCY FUTURES
A futures contract ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Read now
Unlock full access
More than 5,000 organizations count on O’Reilly
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.