The foreign exchange market (FOREX) is a growing investment field. Triennial Central Bank's 2007 survey values the daily turnover at £2.0 trillion. An increasing amount of webmasters desire to provide information and practical tools to currency exchange traders. FOREX webmasters have access to several types of tools and widgets.
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Some FOREX traders use fundamental analysis to forecast buy and sell signals. Such investors base predictions on events and scheduled announcements pertaining to currency. An economic calendar is a webmaster tool that informs the user of important upcoming FOREX dates.
Currency Pair Quotes
A FOREX transaction involves trading a pair of currencies, such as the euro and the U.S. dollar. Displaying the bid and the ask for a currency cross rate in real time will enhance the website viewing experience.
FOREX traders often need to research the exchange rate for two currencies that are not commonly swapped. A webmaster with a currency conversion tool that allows for customised exchange rates on virtually any currency will add value to the website.
Interest rate fluctuations profoundly influence local dollar value. High interest rates can cool inflation, while low interest rates can stimulate the economy at the expense of promoting currency devaluation. Online widgets that display interest rates for commonly traded currencies will assist users in their trading decisions.
Technical analysis of currency pairs occurs with the aid of price charts. One example of an important FOREX webmaster resource is the ability to chart currency with technical indicators. Charts that can display multiple time frames are desirable due to their flexibility. If the currency pair chart also has momentum and trend indicators, the chart becomes even more useful.
RSS feeds can quickly transmit vital news, opinions and analysis to FOREX traders. Adding a webmaster tool that provides users with access to up-to-date information can promote repeat visiting to your website.
The relative value of the local currency and the current trend of stock market trading reflect a country's economic health. Cross-sections called indexes track the stock market exchange. Real-time stock index quotes for exchanges around the world make for an excellent website tool.
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