Forex resources

Government Websites for Foreign Trade

• U.S. International Trade in Goods and Services Highlights - Shows the latest information for the trade balance of the United States, including a graph of imports and exports over the past year.
• http://www.federalreserve.gov/releases/ - Look under Exchange Rates and International Data for historical foreign exchange rates by the day, week, month, and year. Also includes other statistics for United States economic activity.
• Bureau of Economic Analysis - Provides the latest statistics on the balance of payments for the United States and other economic activity, including regional statistics.

National Futures Association (NFA), Commodity Futures Trading Commission (CFTA)

• Retail Off-Exchange Foreign Currency (Forex) - This is the main page for forex compliance by the National Futures Association (NFA).
• Forex Transactions - A Regulatory Guide in PDF format
• Foreign currency (Forex) fraud
• Beware of Foreign Currency Exchange Frauds - CFTC.gov

Useful Websites for Foreign Exchange

• Market Overview: Foreign Exchange Rates/Currencies, Key Cross Rates and Currency Converter
• Forex Blog
• The World Clock - Time Zone Difference by Country - Currency rates are often up during the work hours of the country issuing the currency. This site lists the time zone differences of every country from New York, USA.

Forex Education

• All About...The Foreign Exchange Market in the United States - Federal Reserve Bank of New York
• Course Readings for Educators - Federal Reserve Bank of New York
• The Road to Economic Crisis Is Paved With Euros - A good article about pros and cons of having an independent currency and a shared currency, and the economics problems that can arise.

Forex Forums

• Forex Trading: Forex Currency Trading Tools & Forex Forum - Founded in 1996, Global-View's forex (currency) trading forums are geared to providing 24 hour a day support to foreign exchange traders of all levels of experience. Its goal is to encourage fx trading ideas while acting as a clearinghouse of information on the forex market. In addition to the world renowned forex forum, Global-View has added futures, political, and help forums for the currency trader over the years. Global-View also offers a wide range of foreign exchange trading tools, including live forex rates, live forex news, forex analysis and forex trading signals services. Access to all forums is free, registration is required.
• MoneyTec Traders Community Forum - MoneyTec Traders is an online trader’s forum to allow traders to discuss trading ideas, and to share, learn and build new trading techniques and strategies.

Preventing Fraud

• Some investors are losing money sent to fraudulent companies promising them riches by trading currencies, or by offering employment to solicit others in the scam. These investors are most often phoned by people working in boiler room operations. Frequently, specific ethnic groups are targeted. The best way to prevent fraud is don't respond to telephone solicitations, or to friends, who may have been defrauded themselves. Seek out and research any companies yourself with the help of these resources:
• 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. Check out their enforcement site for more information.
• Call the National Futures Association at (800) 676-4NFA or use their Background Affiliation Status Information Center (BASIC) to find out about Commodity Futures Trading Commission (CFTC) registrations, NFA membership information, and futures-related regulatory and non-regulatory actions contributed by NFA, the CFTC and the U.S. futures exchanges.
• You can also check the Attorney General's consumer protection bureau at www.naag.org, or find more help from your state at http://www.consumeraction.gov/caw_state_resources.shtml.