Forex resources
Government Websites for Foreign Trade
U.S. International Trade
in Goods and Services Highlights - Shows the latest information for the
trade balance of the United States, including a graph of imports and exports over
the past year.
http://www.federalreserve.gov/releases/
- Look under Exchange Rates and International Data for historical foreign
exchange rates by the day, week, month, and year. Also includes other statistics
for United States economic activity.
Bureau of Economic Analysis - Provides the latest
statistics on the balance of payments for the United States and other economic activity,
including regional statistics.
National Futures Association (NFA), Commodity Futures Trading Commission (CFTA)
Retail Off-Exchange Foreign
Currency (Forex)
This is the main page for forex compliance by the National Futures Association (NFA).
Forex
Transactions- A Regulatory Guide in PDF format (73 pages)
Foreign currency (Forex) fraud
Beware of Foreign Currency Exchange
Frauds - CFTC.gov
Useful Websites for Foreign Exchange
In most cases, it is difficult to determine purchasing power parity (PPP) around
the world. Nonetheless, the Economist.com has compiled a Big Mac Index, which shows
the prices of Big Macs at McDonalds located throughout the world, and shows, according
to this index, how much a currency is overvalued or undervalued compared to the
USD. This is just a rough measure, of course, since some costs, like rent and labor,
cannot traded and equalized easily. It also ignores capital flows across borders,
which is a much bigger determinant of currency exchange rates, especially within
a short time period.
Current foreign exchange rates for the world's major currencies. Includes key cross
rates, a currency converter, and news about the currency markets. Provides cross
rates for the U.S. dollar (USD), the United Kingdom pound (GBP), the Euro (EUR),
and the Japanese Yen (JPY). Also has basic, advanced, and interactive charts that
displays the exchange rates over time.
Goodbusinessday®.com is a continuously updated source of information on holidays
and observances affecting global financial markets—bank holidays, public holidays,
currency non-clearing days and trading and settlement holidays affecting exchanges.
Data is organized by country, city, currency and exchange. Interactive calendars
and one-click search facilities provide the information you need in an instant.
Forex Blog
The
World Clock - Time Zone Difference by Country - Currency rates are often
up during the work hours of the country issuing the currency. This site lists the
time zone differences of every country from New York, USA.
Forex Education
The Research and Statistics Group produces three publications—
Current Issues in
Economics and Finance, the
Economic Policy Review, and
Staff Reports—that
are useful tools for teaching. Articles in these series, assigned as course readings,
can help students understand complex economic and financial market issues. Also
of value to educators are the Group's conference volumes, which offer multiple perspectives
on a topic of current interest.
Forex Forums
Founded in 1996, Global-View's forex
(currency) trading forums are geared to providing 24 hour a day support
to foreign exchange traders of all levels of experience. Its goal is to encourage
fx trading ideas while acting as a clearinghouse of information on the forex market.
In addition to the world renowned forex forum, Global-View has added futures, political,
and help forums for the currency trader over the years. Global-View also offers
a wide range of foreign exchange trading tools, including live forex rates, live
forex news, forex analysis and forex trading signals services. Access to all forums
is free, registration is required.
MoneyTec Traders community is an online trader’s forum discussion group that promotes
a mature, intelligent & respectful discussion in a positive & safe environment
for everyone. A resource to help traders become better traders were you’re “invited”
to meet fellow traders from around the world, discuss trading ideas, share, learn
and build new trading techniques and strategies.
Preventing Fraud
Some investors are losing money by sending money to fraudulent companies promising
them riches by trading currencies, or by offering employment to solicit others in
the scam. These investors are most often contacted by phone in boiler room operations,
or by targeting specific ethnic groups. The best way to prevent fraud is don't respond
to telephone solicitations, or to friends, who may have been defrauded themselves.
Seek out and research any companies yourself with the help of these resources:
- The CFTC warns consumers of sales solicitations appearing in newspapers, radio or
television promotions, or attractive Internet websites, touting high-return, low-risk
investment opportunities in foreign currency trading, and of highly paid currency-trading
employment opportunities. Check out their
enforcement site for more information.
- National Futures Association: use their
Background Affiliation Status Information Center (BASIC) to find out about Commodity
Futures Trading Commission (CFTC) registrations, NFA membership information, and
futures-related regulatory and non-regulatory actions contributed by NFA, the CFTC
and the U.S. futures exchanges.
- You can also check the Attorney General's consumer protection bureau at
www.naag.org, or find more help from your state at
http://www.consumeraction.gov/caw_state_resources.shtml.