orex trading is vastly superior to equity trading in many ways.

For one thing, Forex is played in a true 24 hour market. You can respond to breaking news as it happens and buy/sell based on earnings reports or other information that is typically released after the stock market closes. Also, the Forex market offers immensily greater liquidity. The amount of dollars that pass through foreign exchange market is roughly five times higher than the daily volume of the New York Stock Exchange. This means that prices are more stable and you can almost always start or get out of a position quickly and at a fair price. Additionally, most Forex brokers will let you leverage at a ratio of 100:1 which means you can play with massive amounts of house money - if you truely want to use other people's money to create your own wealth, the Forex trading market can be a perfect vehicle.

However, it's not hard to lose your shirt either. Rookie Forex investors who have no basis in forex education get overly excited and tend to lose lots of money very quickly. Even experienced equity investors can get creamed. They assume that they don't even need to take a forex trading course and assume the same rules, laws, and principles that apply to the stock market also apply to forex.

Wrong.

The good news is that Forex isn't hard to learn if you know where to look. We offer free Forex education in the form of a 7-part Forex trading course.

Here are just some of the things you'll learn in the Forex Gameplan Trading Course:

14 reasons why serious investors buy forex instead of futures and stocks. (Lesson #1) 5 essential things your forex broker must do: should you keep him or kick him to the curb (some are better than others). (Lesson #2) How to quickly spot a broker you should avoid at all costs (you'll make more money somewhere else). (Lesson #2) 5 critical fundamental indicators to predict long-term trends of a currency. (Lesson #3) The 4 technical indicators used by high powered analysts to predict price trends. (Lesson #3) The intelligent investor's method of perfecting a strategy before risking any of their own cash. (Lesson #4) The secret to making money by using stop-loss. (Lesson #4) The insider view on how forex spreads really work- and what good brokers need to do to take advantage. (Lesson #5) 46 successful trading tips you need to know before spending a DIME on forex. (Lesson #6) Why measurable goal setting is critical to your success - and 4 characteristics every trading goal needs to have to be successful. (Lesson #6) Why only an idiot will "quit while they're ahead" (Lesson #6) The secret the high-rollers use to lower their trading costs (your broker probably doesn't even know this one). (Lesson #6) How to use automation tools to make money while you're out walking the dog or watching Seinfeld reruns. (Lesson #7) 9 tools to make sure you don't miss important information that could wipe out your positions. (Lesson #7) 8 types of tools that will transform you from a run-of-the-mill forex trader into a professional forex investor. (Lesson #7)

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The Strategy Team of our Daily Expert View consists of:

David Karsbøl Manager / Market Strategist, Saxo Bank Holds a Master of Science degree (Economics) from the University of Copenhagen and has previously been employed as an insurance analyst. Mr. Karsboel works with fundamental analysis and research and contributes to Saxo Bank's strategy products. He also develops and maintains macro economic models and a number of trading models, which are designed to profit from co-variations between the forex and fixed income markets. Mr. Karsboel is regularly appearing on major financial news networks and is commenting several days a week on the financial markets via Saxo Bank's live Market Call webcast. He is a native Danish speaker and is fluent in English.	Torben Krogh Nielsen Market Strategist, Saxo Bank Works primarily with equity focus and prefers to trade the major indices in both Europe, Asia and the US. Applies a wide range of fundamental and technical techniques when assessing market direction in the short- to near-term. Favourite sectors include technology, energy, commodities and shipping. Mr Krogh Nielsen is a native Danish speaker and is fluent in English.
Kristian Siggaard-Jensen Manager / Market Strategist, Saxo Bank Info coming soon	Christian Svendsen Market Strategist, Saxo Bank Is primarily focused on equities traded on the major indices in Europe, US and Asia. Mr. Svendsen has a background with financial analysis and works with fundamental techniques when gauging possible equity positions. He is anchor person on Saxo Bank's technical mean reversion model, a model that gives buy signals on the major equity indices. Mr. Svendsen is a native Danish speaker and is fluent in English
Johan Ditz Lemche Market Strategist, Saxo Bank Focusing primarily on FX trading using both fundamental and technical analysis to back up the strategies. Also active in developing and maintaining models both for intra-day trading and for the longer term, the latter by decomposing the macro economic structure. Mr. Lemche is a native Danish speaker and is fluent in English

LiteForex offers revolutionary trading technology for beginner traders, and lets you start trading in the Forex market depositing just ONE DOLLAR! Your deposit appears in US cents on the Lite group accounts, so you feel like you are trading the same amount in US Dollars. This new technology allows Forex beginners to learn Forex in a REAL life situation with minimal investment!

LiteForex also offers competitive trading conditions for Forex professionals all around the world, and provides a dedicated Forex trading server and experienced customer support as well as analysis of Forex market and a professional affiliate program.

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Take your first step to financial freedom Enter the Forex world!

The Commodity Futures Trading Commission (CFTC) has witnessed increasing numbers, and a growing complexity, of financial investment opportunities in recent years, including a sharp rise in foreign currency (forex) trading scams. A federal law enacted in December 2000, called the Commodity Futures Modernization Act of 2000 (CFMA), makes clear that the Commission has the jurisdiction and authority to investigate and take legal action to close down a wide assortment of unregulated firms offering or selling foreign currency futures and options contracts to the general public. In addition, the CFTC has jurisdiction to investigate and prosecute foreign currency fraud occurring in its registered firms and their affiliates.

In light of the CFMA, the CFTC has issued an Advisory concerning the offering and trading of foreign currency futures and options contracts involving the retail public, and also revised and re-issued its 1998 Consumer Alert on foreign currency trading to help the retail public identify foreign currency trading scams. The CFTC’s Advisory reaffirms that off-exchange trading of foreign currency futures and options contracts with retail customers by a counterparty that is not a regulated financial entity as set forth in the CFMA is unlawful.

In its separate Consumer Alert, 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. The CFTC urges the public to be skeptical of such claims and suggests some "red flags" to look for, and cautionary steps to take, before trading foreign currency products.

Updated at 0930 IST or 0430 GMT on 03-July-07

Foreign Exchange Rate Sheet

For Exporters	FCY(Units)	For Importers
40.25	USD (1) TT	41.25
53.42	EUR (1)	56.16
80.01	GBP (1)	83.28
0.32	JPY (1)	0.33
32.42	CHF (1)	33.74
26.08	SGD (1)	27.14
33.88	AUD (1)	35.26
37.75	CAD (1)	39.30
5.11	HKD (1)	5.32

Unlike a stock market, where all participants have access to the same prices, the forex market is divided into levels of access. At the top is the inter-bank market, which is made up of the largest investment banking firms. Within the inter-bank market, spreads, which are the difference between the bid and ask prices, are razor sharp and usually unavailable, and not known to players outside the inner circle. As you descend the levels of access, the difference between the bid and ask prices widens. This is due to volume. If a trader can guarantee large numbers of transactions for large amounts, they can demand a smaller difference between the bid and ask price, which is referred to as a better spread. The levels of access that make up the forex market are determined by the size of the “line” (the amount of money with which they are trading). The top-tier inter-bank market accounts for 53% of all transactions. After that there are usually smaller investment banks, followed by large multi-national corporations (which need to hedge risk and pay employees in different countries), large hedge funds, and even some of the retail forex market makers. According to Galati and Melvin, “Pension funds, insurance companies, mutual funds, and other institutional investors have played an increasingly important role in financial markets in general, and in FX markets in particular, since the early 2000s.” (2004) In addition, he notes, “Hedge funds have grown markedly over the 2001-2004 period in terms of both number and overall size” Central banks also participate in the forex market to align currencies to their economic needs.