Tuesday, June 30, 2009
Historical Rates and Charts:
We also maintain historical rates and charts in the form of an Archive which contains the rates of last 14 years of all those currencies that are traded in the market. It is the only website across Pakistan which gives the users the past currency rates and charts of all the currencies being traded in the market. Thus you can obtain the rates of any currency that you want provided it is traded in the market by just selecting from given slots the required fields and you can get the desired results within a flash!
market commentaries:
One of the most unique features of Forexpk is the availability of the current currency rates to the users, which is not available anywhere on the web from Pakistan. These rates are provided through the courtesy of Khanani and Kalia International (Pvt) Ltd.
Tuesday, June 23, 2009
Who trades currencies, and why?
Daily turnover in the world's currencies comes from two sources:
- Foreign trade (5%). Companies buy and sell products in foreign countries, plus convert profits from foreign sales into domestic currency.
- Speculation for profit (95%).
Sunday, June 21, 2009
Continue:
Another common pitfall is closing a winning position because you are bored with it; its not moving. In Football, after a star running back breaks free for a 50-yard gain, he comes out of the game temporarily for a breather. When he reenters the game he is a serious threat to gain more yards – this is indisputable. So when your position takes a breather after a winning move, the next likely event is further gains – so why close it?
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