XE.com has great links
http://www.xe.com/faq/tools_linktosite.php
Saturday, October 8, 2011
Trade Forex
Transfer money or trade forex
Forex
Transfer money at competitive rates with XE Trade. If you want to trade Forex, read about what you should know before you start trading.
Money Transfers
XE Trade
XE Trade is a hassle-free way to transfer money at competitive exchange rates! Businesses and individuals can buy, sell, send, receive, and track foreign currency transactions online. No new banking relationships, no sign-up cost, no recurring costs — no risk! Transfer Money
Find ourt more click here.
Forex
Transfer money at competitive rates with XE Trade. If you want to trade Forex, read about what you should know before you start trading.
Money Transfers
XE Trade
XE Trade is a hassle-free way to transfer money at competitive exchange rates! Businesses and individuals can buy, sell, send, receive, and track foreign currency transactions online. No new banking relationships, no sign-up cost, no recurring costs — no risk! Transfer Money
Find ourt more click here.
Forex Hedging Tools
Hedging Tools
OANDA’s FXConsulting provides tools and support documents to help you understand and define your forex hedging needs.
Currency Risk Assessment Tool
Calculate the risk you’re taking on your foreign currency exposure amounts in the event that future forex rates change unfavorably. Compare this potential for loss to the cost of a carry spot forex hedge.
Cost Comparison (Spot vs. Forwards) Tool
Compare the cost difference or rate difference between a forex forward contract and a carry spot forex hedge. If you were quoted a forward contract rate, use this tool to get an estimated cost breakdown.
Hedging Calculator
Determine the online forex broker transaction(s) required to complete a carry-spot forex hedge for foreign currency balance sheet exposures accumulated over the current reporting period.
GAAP Accounting (PDF)
Learn some of the key aspects to be considered for GAAP forex hedge accounting treatment.
Sample Board Policies (PDF)
Access guidelines and samples for implementing a hedging policy for your company.
Forex hedging tools click here to access.
OANDA’s FXConsulting provides tools and support documents to help you understand and define your forex hedging needs.
Currency Risk Assessment Tool
Calculate the risk you’re taking on your foreign currency exposure amounts in the event that future forex rates change unfavorably. Compare this potential for loss to the cost of a carry spot forex hedge.
Cost Comparison (Spot vs. Forwards) Tool
Compare the cost difference or rate difference between a forex forward contract and a carry spot forex hedge. If you were quoted a forward contract rate, use this tool to get an estimated cost breakdown.
Hedging Calculator
Determine the online forex broker transaction(s) required to complete a carry-spot forex hedge for foreign currency balance sheet exposures accumulated over the current reporting period.
GAAP Accounting (PDF)
Learn some of the key aspects to be considered for GAAP forex hedge accounting treatment.
Sample Board Policies (PDF)
Access guidelines and samples for implementing a hedging policy for your company.
Forex hedging tools click here to access.
Oanda Currency Hedging Products Comparison
Spreads: Forward contracts, future contracts and currency options charge close to interbank spreads, but do have the following built-in or explicit commissions and other special charges:
Interest differential: All hedging methods charge an interest differential on the currencies, either built into the rate offered or as a separate amount charged.
Interest risk premium: Interest risk premium is a variable amount charged by the issuing party for potential changes in interest rates.
Commissions: Forward contract and option contract suppliers build
commissions into their products based upon how much they can charge the buyer. The commission is built into the forward rate or included in the amount paid upfront for an option (it is also called the premium).
Volatility charge: Options are one-sided contracts which cost an upfront premium to purchase. Options offer the right, but not the obligation, to engage in a future transaction. An estimate of the future volatility of the foreign currency over the life of the option is built into the option pricing. While an individual option may incur a large payout, other options will expire without being exercised.
Read more about it here.
Interest differential: All hedging methods charge an interest differential on the currencies, either built into the rate offered or as a separate amount charged.
Interest risk premium: Interest risk premium is a variable amount charged by the issuing party for potential changes in interest rates.
Commissions: Forward contract and option contract suppliers build
commissions into their products based upon how much they can charge the buyer. The commission is built into the forward rate or included in the amount paid upfront for an option (it is also called the premium).
Volatility charge: Options are one-sided contracts which cost an upfront premium to purchase. Options offer the right, but not the obligation, to engage in a future transaction. An estimate of the future volatility of the foreign currency over the life of the option is built into the option pricing. While an individual option may incur a large payout, other options will expire without being exercised.
Read more about it here.
Oanda FX
Forex Hedging Products Summary
Hedging enables you to manage risk and reduce potential risk. If you don't hedge, it's tantamount to speculating that the foreign currency rate will always stay the same, a costly assumption if the rate ends up moving unfavorably. A good hedging strategy can help eliminate currency exposure and the attendant risk associated with currency movement.
There are a number of products for hedging forex risk, which involve buying foreign currency now at known exchange rates (so you know what your costs are and have a sound basis on which to set the price of your product/service), or gaining the right to buy or sell foreign currency at a later date but at a fixed exchange rate.
Hedging products include:
1.Currency Forward Contracts
2.Futures Contract
3.Currency Options
4.Carry Spot Trade
5.Exotics and Other Alternatives
For more information click here.
Hedging enables you to manage risk and reduce potential risk. If you don't hedge, it's tantamount to speculating that the foreign currency rate will always stay the same, a costly assumption if the rate ends up moving unfavorably. A good hedging strategy can help eliminate currency exposure and the attendant risk associated with currency movement.
There are a number of products for hedging forex risk, which involve buying foreign currency now at known exchange rates (so you know what your costs are and have a sound basis on which to set the price of your product/service), or gaining the right to buy or sell foreign currency at a later date but at a fixed exchange rate.
Hedging products include:
1.Currency Forward Contracts
2.Futures Contract
3.Currency Options
4.Carry Spot Trade
5.Exotics and Other Alternatives
For more information click here.
Future Currency Trading
XE.com and Onada have great news and tools.
CME Group
FX Products list click here.
below are some links to use to find Currency Exchanges around the world.
http://en.wikipedia.org/wiki/List_of_futures_exchanges
Africa Futures and Derivatives Exchange (AFRIDEX) www.afridex.co.ke
List of stock exchanges
List of stock market indices
Stock exchange
List of Futures & Options Exchanges
Comprehensive List of Stock & Derivative Exchanges Worldwide
The Institute for Financial Markets' Futures & Options Factbook
CME Group
FX Products list click here.
below are some links to use to find Currency Exchanges around the world.
http://en.wikipedia.org/wiki/List_of_futures_exchanges
Africa Futures and Derivatives Exchange (AFRIDEX) www.afridex.co.ke
List of stock exchanges
List of stock market indices
Stock exchange
List of Futures & Options Exchanges
Comprehensive List of Stock & Derivative Exchanges Worldwide
The Institute for Financial Markets' Futures & Options Factbook
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