Trading Forex 2



Brent Crude, WTI Crude & Opec Basket Crude what is this?  What is different between each other?

Crude oil, commonly known as petroleum, is a liquid found within the Earth comprised of hydrocarbons, organic compounds and small amounts of metal. While hydrocarbons are usually the primary component of crude oil, their composition can vary from 50%-97% depending on the type of crude oil and how it is extracted. Organic compounds like nitrogen, oxygen, and sulfur typically make-up between 6%-10% of crude oil while metals such as copper, nickel, vanadium and iron account for less than 1% of the total composition.

Brent Crude is a major trading classification of sweetlight crude oil that serves as a major benchmarkprice for purchases of oil worldwide. This grade is described as light because of its relatively low density, and sweet because of its low sulphur content. Brent Crude is extracted from the North Sea and comprises Brent Blend, Forties Blend, Oseberg and Ekofiskcrudes (also known as the BFOE Quotation). The Brent Crude oil marker is also known as Brent Blend, London Brent and Brent petroleum.
The other well-known classifications (also called references or benchmarks) are the OPEC Reference Basket, Dubai Crude, Oman Crude, Urals oil and West Texas Intermediate (WTI). Brent is the leading global price benchmark for Atlantic basin crude oils. It is used to price two thirds of the world's internationally traded crude oil supplies.


Types of Crude oil: Pricing Characteristics

This article provides basic information about the commonly used crude oil terms like WTI, Brent, NYMEX Futures and OPEC.
There are about 160 crude oils that are traded internationally. They vary in terms of their characteristics & quality.
Two crude oils which are either traded themselves or whose prices are reflected in other types of crude oil include West Texas Intermediate (WTI) and Brent. Usually, differences in the prices of these various crude oils are related to quality differences, but some other factors can also influence the price relationships.

West Texas Intermediate

West Texas Intermediate (WTI) crude oil is a high quality crude and is excellent for refining for maximizing of Petrol (Motor Spirit). WTI is a light crude with API gravity of 39.6 degrees. Also it contains about 0.24 percent of sulphur, marking it as “sweet” crude. This set of characteristics, combined with its production location (US), makes it an ideal crude oil to be refined in the United States.
The production of WTI crude oil is on the decline; nevertheless it still is the major benchmark of crude oil. WTI commands a premium of about a $5 - $6 per-barrel over the OPEC Basket price and about $1 - $2 per - barrel over Brent.

Brent

Brent is actually a combination of crude oil from 15 different oil fields in the Brent and North Sea areas. It is a reasonably “light” and sweet crude oil with API gravity of 38.3 degrees and about 0.37 percent of sulphur.
Brent blend is ideal for making Motor Spirit (Petrol) and middle distillates. Brent crude production is also on the decline, but it remains the major benchmark for other crude oils. Prices for other crude oils are generally priced as a differential to Brent, i.e., Brent +/ -.
Brent crude is generally priced at about $3 - $4 per-barrel premium to the OPEC Basket price and about a $1- $2 / barrel discount to WTI.

NYMEX Futures

The NYMEX futures price for crude oil, represents the market-determined value of a futures contract to either buy or sell 1,000 barrels(@ per barrel rate) of WTI at a specified time.. This futures, provides important price information to traders of crude oil, making WTI the benchmark for many different crude oils.

OPEC Basket Price

OPEC collects pricing data on a "basket" of seven crude oils:
  • Algeria's Saharan Blend
  • Indonesia's Minas
  • Nigeria's Bonny Light
  • Saudi Arabia's Arab Light
  • Dubai's Fateh
  • Venezuela's Tia Juana Light and
  • Mexico's Isthmus
OPEC uses the price of this basket to monitor world oil market conditions and its own prices.










 How does the Forex market work?

Forex=The foreign exchange market, commonly name=Forex market, is home to the global decentralized trading of international currencies–specifically where trillions of U.S. dollars are traded each day.
 If you need U.S. dollars, Japanese yen or AUD Australian Dollar you buy it through the Forex market. Participants trade not in one huge platform but rather through electronic communication networks (ECNs) or phone networks in different markets across the globe. 
The forex market works round the clock five days a week: from Sunday (5 p.m. EST) to Friday (4 p.m. EST). It is also the most fluid and most accessible market because of its scope and size. 



The Forex market works just like the other financial markets. Currencies are sold and bought at the current rate. The price of a currency with respect to another currency is called the exchange rate. Since the U.S. dollar is the currency that dominates in financial markets, exchange rates are expressed mostly in US dollars.
Except when the exchange rate is pegged or fixed, or when the rate is set by the government, it is determined by demand and supply.
The type of exchange rate where various market factors come into play is called floating exchange rate. The exchange rate is a reflection of many factors than include prevailing interest rates, economic conditions, people’s sentiments regarding the local or international political situations, and thoughts or perceptions about the future. When the transaction between two parties becomes final, the deal is called a spot deal and the settlement can then be made in cash. The currency trades usually take 2 days to settle.


How can I be successful in forex trading without analysing the market? Anyone know where I can get reliable signals?


A) With out analysis Forex trading impossible. 

If you want to Good trader or Investor in future. Then you can started learning in Forex trading. Then you can start in demo account trading. It's help for all new trader. It is mandatory because it is very helpful for Forex trading.To growth your future in Forex market only one way that is practice more than practices. No other option. It's help completely your self. Do it quick now started Demo account trading. Then you can invest real account. At first you start 100$ investment, trade only 0.01 lot size. This is  the way to be successful in forex trading.

Follow this step and learn more>>>

search Google

1) What is Forex Market

2) Search Forex Broker (Company), Regulation, Pips,Lot size, spread, leverage.

3) Demo account Open  Click Here

4)  Start Demo Trading When you have lot of Experience at least 6 months. 

5) Learn Technical & Fundamental analysis.

6) Start real trading.

 

Anyone know where I can get reliable signals?

B) I know. This is the best Forex site where you can get a free reliable signal. A forex signal is a suggestion for entering a trade on a currency pair, usually at a specific price and time. The signal is generated either by a human analyst or an automated Forex robot supplied to a subscriber of the forex signal service.

Forex trading signal systems are used by Forex traders all over the world to aid them in making critical decisions about their trades. They are one of the most important tools a forex trader has and almost all traders choose to use them in one way or another. There are many types of forex signals systems, some are offered for free while others for a fee but take in mind that a trustworthy service should include information about take profit and stop loss configurations.

open this site. 

 https://onlyonemustprofit.blogspot.in/p/blog-page.html

 

 What is the name of the Italian currency?

The lira (Italian: [ˈliːra]; plural lire [ˈliːre]) was the currency of Italy between 1861 and 2002 and of the Albanian Kingdom between 1941 and 1943. Between 1999 and 2002, the Italian lira was officially a national subunit of the euro. However, cash payments could be made in lira only, as euro coins or notes were not yet available. The lira was also the currency of the Napoleonic Kingdom of Italy between 1807 and 1814. 

The term originates from the value of a pound weight (Latin: libra) of high purity silver and as such is a direct cognate of the British pound sterling; in some countries, such as Cyprus and Malta, the words liraand pound were used as equivalents, before the euro was adopted in 2008 in the two countries. "L", sometimes in a double-crossed script form ("₤"), was the symbol most often used. Until the Second World War, it was subdivided into 100 centesimi (singular: centesimo), which translates to "hundredths" or "cents". 

The lira was established at 4.5 grams of silver or 290.322 milligrams of gold. This was a direct continuation of the Sardinian lira. Other currencies replaced by the Italian lira included the Lombardy-Venetia pound, the Two Sicilies piastra, the Tuscan fiorino, the Papal States scudo and the Parman lira. In 1865, Italy formed part of the Latin Monetary Union in which the lira was set as equal to, among others, the French, Belgian and Swiss francs: in fact, in various Gallo-Italic languages in north-western Italy, the lira was outright called "franc"

This practice has obviously ended with the introduction of the euro in 2002.
World War I broke the Latin Monetary Union and resulted in prices rising severalfold in Italy. Inflation was curbed somewhat by Mussolini, who, on August 18, 1926, declared that the exchange rate between lira and pound would be £1 = 90 lire—the so-called Quota 90, although the free exchange rate had been closer to 140–150 lire per pound, causing a temporary deflation and widespread problems in the real economy. In 1927, the lira was pegged to the U.S. dollar at a rate of 1 dollar = 19 lire. This rate lasted until 1934, with a separate "tourist" rate of US$1 = 24.89 lire being established in 1936. In 1939, the "official" rate was 19.8 lire. 

After the Allied invasion of Italy, an exchange rate was set at US$1 = 120 lire (1 British pound = 480 lire) in June 1943, reduced to 100 lire the following month. In German occupied areas, the exchange rate was set at 1 Reichsmark = 10 lire. After the war, the value of the lira fluctuated, before Italy set a peg of US$1 = 575 lire within the Bretton Woods System in November 1947. Following the devaluation of the pound, Italy devalued to US$1 = 625 lire on 21 September 1949. This rate was maintained until the end of the Bretton Woods System in the early 1970s. Several episodes of high inflation followed until the lira was replaced by the euro. 



The lira was the official unit of currency in Italy until January 1, 1999, when it was replaced by the euro (euro coins and notes were not introduced until 2002). Old lira denominated currency ceased to be legal tender on February 28, 2002. The conversion rate is 1,936.27 lire to the euro.
 
All lira banknotes in use immediately before the introduction of the euro, and all post-World War II coins, were exchanged by the Bank of Italy up to 6 December 2011. Originally, Italy's central bank pledged to redeem Italian coins and banknotes until 29 February 2012, but this was brought forward to 6 December 2011.


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