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Forex News
Feb 05 2009, 08:29 - 0 Comments
he previously-unstable British pound is leap to face further instability this week as both Credit Suisse overnight index changes and a Bloomberg News poll indicate anticipations that the Bank of England is going to cut rates by an additional 50 basis points at 7:00 ET on Thursday to a latest record low of 1 %.
Feb 02 2009, 09:26 - 0 Comments
The Euro-Zone January manufacturing PMI was changed slightly below 34.4, from 34.5 reported at first.
Feb 02 2009, 09:25 - 0 Comments
Next week, there are first-rate economic indicators planned for release but amongst them only the European Central Bank’s (ECB) rate conclusion has the possibility to essentially redefine its currency’s tendency.
Jan 29 2009, 06:54 - 0 Comments
The Federal Open Market Committee (FOMC) provided no concrete alterations to policy with its rate decision today.
Jan 29 2009, 06:52 - 0 Comments
During Wednesday, the risk appetite was tough, causing the S&P 500 to bounce 3.36 % higher and cause sell-offs in Treasuries.
Jan 26 2009, 08:46 - 0 Comments
Characteristically, the Japanese yen traded corresponding to shifts in risk appetite throughout the past week, with extensive losses in the stock markets assisting to enhance the currency.
Jan 26 2009, 08:45 - 0 Comments
The position for the U.S.
Jan 22 2009, 08:31 - 0 Comments
The US dollar, characteristically, traded more corresponding to risk tendencies than anything else.
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Broker
of the Month

UFXBank provide up-to-date charts and news feeds, coupled with an easily navigated trading platform. UFXBank traders can access the biggest market in the world 24 hours a day with ease. By keeping their platform, site and deposit process simple, safe and secure, UFXBank have become the web’s premier online forex trader.
    

Promotion
of the Month

UFXBank provide up-to-date charts and news feeds, coupled with an easily navigated trading platform. UFXBank traders can access the biggest market in the world 24 hours a day with ease. By keeping their platform, site and deposit process simple, safe and secure, UFXBank have become the web’s premier online forex trader.


    
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Interview
with Matthew Sheppard
Senior Forex
Advisor at XForex


1. What is your name and position?
Hello, my name is Matthew Sheppard and I am a senior forex advisor at XForex.

2. What is your experience and professional background?
In the last 6 years I had filled several positions in financial institutions such as a stock broker, a foreign exchange desk manager, a financial consultant and in my recent role I serve as a senior Forex advisor for XForex which is an online forex company.

3. What type of clients you deal with?
We deal with clients on all levels from the beginning stages to the more advanced trading levels.

4. Does most of your business activity come from the online or offline world?
Because of our high presence on the web, most of our business comes from the online world.

5. Why should a trader pick XForex from all forex brokers?
Aside from all the benefits that XForex offer like commission-free trading, 24/7 online support, high leverage (200:1), XForex offers educational and learning trading experience that you won’t find anywhere else..
Our team of experts and financial trainers provide personal assistance and guide clients to financial success. We provide daily analysis and market reviews to our clients giving them a better understanding of the market and helping them trade profitably.

6. From your experience, what advice would you give a person who wants to enter the forex world?
My advice to the beginning trader entering the Forex world is as follows:
• Learn the market and understand what you’re getting into.
• Research and find the broker that suits your needs and wants. Look for a good offering but more importantly customer service, don’t go for the low rates offer without being certain they have a good customer service department. From my extensive experience in the Forex world your key to success will be your client-broker relationship. I can honestly say that at XForex they put an emphasis on servicing clients, which is so important.
• Invest smartly and calculate your risks
• Always know when to get out of a trade

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