5 Websites with Real Time FOREX Rates Today

Posted by Grace under Investing on November 23, 2014

Find the best forex websites with real time forex rates and charts today. Know the best FX trading platform with real time forex charts.

Here are the list of websites with real time forex rates. FOREX investing and FOREX trading is also one of the most popular investment vehicle nowadays aside from stock trading and mutual fund investing.

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There are companies operates FOREX trading online, a simple FOREX software that will let the users trade, buy and sell foreign exchange currency.

Most people are searching for (USD) dollar exchange rates, why? It is because (USD) dollar are one of the most traded currency not just offline but also online.

What is FOREX rate?

It is the price of specific currency as expressed in units of another currency.  The price change depends on the market.

What is a Foreign Exchange?

“Foreign exchange is the currency of countries other than one’s own, or current and short-term credit instruments payable in such currency | payments made between residents of different countries.”

Reference: The New Lexicon Webster’s Encyclopedic Dictionary of the English Language, Deluxe Edition, Lexicon Publications, Inc., 1992 page 368 on forefront to foreign exchange

Is It Risky to Invest in FOREX?
All investments are risky, but FOREX risks are easy to manage, FOREX is a medium risk type of investment.

How to Start Investing in FOREX?

You can buy other countries currencies (example US Dollars, Canadian Dollars, Hong Kong Dollars, Saudi Riyal, Australian Dollars, UK Pound, Euro) in the banks or in other financial firms.

If you are receiving remittances from other countries, receive the money as it is. If US dollars, receive it as a US dollars. You can also buy FOREX currency in the bank, buy where your savings account was opened.

How to Make Money with FOREX Trading?

It is simple, buy low rates and sell when the forex rates increases. Example, if you bought 1USD for 45.30 pesos, you have to sell it higher than its price when you bought it. Maybe you can sell the USD in forex rates is above 45.50, that means you are gaining 0.20 pesos each USD. If you bought 1,000 USD and you gain 0.20 pesos, how much is your total profits? The answer is 200 pesos.

Most FOREX Currency Traded

There are different currencies in the world, but most currency traded online is the dollar currency. Aside to dollar currency (USD), there are many currencies that also traded such as the Australian Dollar, Canadian Dollar, United Kingdom Pound, Philippine Peso, Saudi Arabia Saudi Riyal, Hong Kong Dollar and many more.

FOREX Currency Rate Today Offline

You can find the exchange rate in the newspaper and in television. Sometimes in the news, the exchange rates was announced.

5 Websites with Real Time FOREX Rates Today

Here are the websites that has real time currency rates I find useful and worth sharing here at InvestmentTotal.com

Name: Yahoo Finance
Description: Yahoo Finance Currency Converter
FOREX URL link: http://finance.yahoo.com/currency-converter/

Name: Bloomberg
Description: Foreign Exchange Rates and World Currecies
FOREX URL link: http://www.bloomberg.com/markets/currencies/

Name: OANDA Currency Converter
Description: Currency Converter | Foreign Exchange Rates
FOREX URL link: http://www.oanda.com/currency/converter/

Name: CNN Money
Description: Foreign Exchange Rates and Currency Exchange Rates Calculator
FOREX URL link: http://money.cnn.com/data/currencies/

real-time-forex-rates

Courtesy: CNN

Name: Banko Sentral ng Pilipinas BSP
Description: Treasury Department | Reference Exchange Rate Bulletin
FOREX URL link: http://www.bsp.gov.ph/statistics/sdds/exchrate.htm

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