What is forex trading

Forex trading i new it.The foreign exchange market (Currency, Forex, or FX) market is where currency trading takes place. It is where banks and other official institutions facilitate the buying and selling of foreign currencies. [1]FX transactions typically involve one party purchasing a quantity of one currency in exchange for paying a quantity of another. The foreign exchange market that we see today started evolving during the 1970s when worldover countries gradually switched to floating exchange rate from their erstwhile exchange rate regime, which remained fixed as per the Bretton Woods system till 1971.
Today, the FX market is one of the largest and most liquid financial markets in the world, and includes trading between large banks, central banks, currency speculators, corporations, governments, and other institutions. The average daily volume in the global foreign exchange and related markets is continuously growing. Traditional daily turnover was reported to be over US$3.2 trillion in April 2007 by the Bank for International Settlements.[2] Since then, the market has continued to grow. According to Euromoney's annual FX Poll, volumes grew a further 41% between 2007 and 2008.[3]
The purpose of FX market is to facilitate trade and investment. The need for a foreign exchange market arises because of the presence of multifarious international currencies such as US Dollar, Pound Sterling,etc

Jaguar in white color

While the exterior receives subtle changes (new front and rear bumper designs, LED taillamps), the real news is under the hood. More than just an augmented supercharger, the blown XKs receive Jag's all-new Gen III AJ-V8 that's supercharged and features direct injection, which makes it good for 510 brake horsepower and 461 pound-feet of torque. That newfound power helps the 3800+ pound XKR reach 60 miles-per-hour in just 4.6 seconds. The new XKR also enjoys the same interior theater experience upon startup that debuted in the XF, including air vents that rotate around and the flush JaguarDrive gear selector.

Audi A7

The new concept is simply called the ‘Sportback’ and not only does it show the design of the A7, but it also previews Audi’s future design language. Furthermore, the concept also signals Audi’s determination not to limit the sportback bodystyle to the compact car segment. With its sleek profile and large rear hatch, the 4.95m long, 1.93m wide and only 1.40m high vehicle easily fits into the burgeoning premium coupe-sedan segment.

The new Toyota Prius in hot look

After teasing us for months with photos of switches and boot up screens, followed by a leak of the whole car, Toyota finally dropped the third generation 2010 Prius today in Detroit. We already heard many of the mechanical details over the past year or so, but today it was confirmed that the Prius will get a combined EPA rating of 50 mpg. That's 50 mpg under the new tighter EPA testing method, mind you. The engine has been up-sized to 1.8L with an output of 98 hp and the total net output of the hybrid drive system is 134 hp. The basic design is still instantly recognizable as a Prius, but the body does have a bit more character than before. Nonetheless the shape is smoother with a drag coefficient of just 0.25. The peak of the roof has now been moved back 4 inches giving the car a slightly less egg-shaped profile and increasing rear headroom. Aside from optional extras like LED headlights and lane departure prevention, the most interesting new option is the solar roof. A roof-mounted photo-voltaic panel will power the air recirculation system when the car sits in the sun, reducing the internal temps and the subsequent load on the air conditioning system. The Prius goes on sale later this spring but pricing hasn't been announced yet. Hit the jump to view video of the live press conference.

Ford Taurus 2010

The new 2010 Taurus has been completely redesigned, and Ford hopes all these changes to the exterior, interior, platform and powertrain will add up to a full-size car worthy of the Taurus name. Will it become the best-selling vehicle in the U.S. again? Not likely, but it will be a new halo car for the Ford brand that's crammed with all the best technology and state-of-the-art engines

Hyundai Genesis wins 2009 North American car award

Coinciding with this week’s 2009 Detroit Auto Show is the 2009 North American Car and Truck of the Year (NACTOY) awards, and for this year’s event the 2009 Hyundai Genesistook out the car award, while the 2009 Ford F-150 was picked as the top truck.

Lincoln MKT debuts with a big toothy smile

Ford has a major-league hit on its hands with the 2009 Flex crossover – with the media. Sadly, despite its varied and considerable charms, as it is with the rest of the Ford family for 2009, is the availability of the 3.5-liter EcoBoostV6 engine. Packing 355 horsepower (@ 5700 rpm) and 350 pound-feet of torque (@ 3500 rpm), look for the MKT to get out of its own way with genuine verve. The direct-injected, twin-turbo engine is paired exclusively with all-wheel drive and a six-speed paddleshift automatic that executes – wait for – rev-matched downshifts. In a Lincoln. Crossover. Yes, we're rather eager to see how this plays out, too.

Hot wheels of 2009

There are many cars which has been created in 2008 and now many cars are now made in 2009.In this blog you can see brand new cars of 2009 i am sure you like this blog thanks