FOREX - the foreign exchange market or currency market or Forex is the market where one currency is traded for another. It is one of the largest markets in the world.

Some of the participants in this market are simply seeking to exchange a foreign currency for their own, like multinational corporations which must pay wages and other expenses in different nations than they sell products in. However, a large part of the market is made up of currency traders, who speculate on movements in exchange rates, much like others would speculate on movements of stock prices. Currency traders try to take advantage of even small fluctuations in exchange rates.

In the foreign exchange market there is little or no 'inside information'. Exchange rate fluctuations are usually caused by actual monetary flows as well as anticipations on global macroeconomic conditions. Significant news is released publicly so, at least in theory, everyone in the world receives the same news at the same time.

Currencies are traded against one another. Each pair of currencies thus constitutes an individual product and is traditionally noted XXX/YYY, where YYY is the ISO 4217 international three-letter code of the currency into which the price of one unit of XXX currency is expressed. For instance, EUR/USD is the price of the euro expressed in US dollars, as in 1 euro = 1.2045 dollar.

Unlike stocks and futures exchange, foreign exchange is indeed an interbank, over-the-counter (OTC) market which means there is no single universal exchange for specific currency pair. The foreign exchange market operates 24 hours per day throughout the week between individuals with forex brokers, brokers with banks, and banks with banks. If the European session is ended the Asian session or US session will start, so all world currencies can be continually in trade. Traders can react to news when it breaks, rather than waiting for the market to open, as is the case with most other markets.

Average daily international foreign exchange trading volume was $1.9 trillion in April 2004 according to the BIS study.

Like any market there is a bid/offer spread (difference between buying price and selling price). On major currency crosses, the difference between the price at which a market maker will sell ("ask", or "offer") to a wholesale customer and the price at which the same market-maker will buy ("bid") from the same wholesale customer is minimal, usually only 1 or 2 pips. In the EUR/USD price of 1.4238 a pip would be the '8' at the end. So the bid/ask quote of EUR/USD might be 1.4238/1.4239.

This, of course, does not apply to retail customers. Most individual currency speculators will trade using a broker which will typically have a spread marked up to say 3-20 pips (so in our example 1.4237/1.4239 or 1.423/1.425). The broker will give their clients often huge amounts of margin, thereby facilitating clients spending more money on the bid/ask spread. The brokers are not regulated by the U.S. Securities and Exchange Commission (since they do not sell securities), so they are not bound by the same margin limits as stock brokerages. They do not typically charge margin interest, however since currency trades must be settled in 2 days, they will "resettle" open positions (again collecting the bid/ask spread).

Individual currency speculators can work during the day and trade in the evenings, taking advantage of the market's 24 hours long trading day.

Latest update from Jakethefrog, admin of Frogress:

Tuesday, December 2, 2008

Latest Update from JaketheFrog

I sincerely ask for your patience and your understanding that I am quite slow at these times. I am awaiting some crucial information and decision and then I will update you will full details on what our next step would be. There is a very important thing that we will surely need to discuss and I can't wait to discuss it with you but I am only asking for some more time so I can completely be ready for everything. If you cannot wait it's fine with me because I can always say goodbye but that is not the path I choose to go to. So please give me some more time.
Jake

I dont know what to expect anymore from this site. I thought this site is different from any other autosurfs that I joined, but apparently, its not. It is just like MegaLido only worst. If MegaLido can stand until 3 months, Frogress is only for 3 cycles. Even though his admin is still around posting updates, but I just cant believe all the excuses that been made by all these a/surfs admins anymore. They can make all the excuses but no one is able to identify it they are true or not.

I am going to stick back to promoting Paid To Promote (PTP) again after this. Will keep what is left, like Surf4Profits and TrafficAlMighty, and forget about the others.

Too bad. When I tried to access the site yesterday, this is what I found:

Not Found

The requested URL /suspended.page/ was not found on this server.

Additionally, a 404 Not Found error was encountered while trying to use an ErrorDocument to handle the request.

---

Apache/2.0.63 (Unix) mod_ssl/2.0.63 OpenSSL/0.9.7a mod_auth_passthrough/2.1 mod_bwlimited/1.4 FrontPage/5.0.2.2635 Server at aceinternethosting.com Port 80

Too bad because I was beginning to like this site. I hope that it will back online in this next couple of days.

I got an email from Chas, admin of Surf4profits, regarding his limited PayPal account. I was a bit worried because I am one of the members who upgraded using PayPal. The first upgrade was only $6. That was supposed to be a test spend on the site. I had invested in his other A/surf site, which was Paradisedot.com and got back 100% profits from the initial $2 that I put back then. Paradisedot.com offers 5% daily forever and to get to 100% profits I had to surf for 40 days. And got back what I put in plus profits was a big relief for me, because lots of a/surf sites nowadays have no ability to extend the sites activity till that long.

And that is why I took the chance to invest in this another site of him which has much better offer, 12% for 12 days (144% after 12 days). I invested on November 19th and the unit expires on Nov. 30th. And when I got the email that stated his PayPal got limited, I was a bit nervous, thinking that I wont be seeing my money back. So I took the chances by contacting him, telling about my expired upgrade and guess what? He told me that he will pay me with AlertPay instead and that is what he did! He even answered my email in less that 12 hours and paid me in that timeframe also. This is what I got in my email:








I have 1 more active upgrade which was compounded from the first upgrade I made and will expires in some more days. Will keep updating regarding this.

I think his program is very much underrated by people who join autosurfs.

But dont panic. According to JakeTheFrog, owner of Frogress, the server is not going out yet

"server is not probably going to be up yet tomorrow, but yes everyone will be credited.

Jake"

And members claimed that they have been paid regardless of the situation.

This is the message for members whose upgrades expires during this server breakdown.

"am here now, will continue to pay the payouts. send in your emails expiring for tomorrow server time."

Hope that members dont do anything stupid, like filing a dispute to the PP to get their money back, like what they did with MegaLido sometimes ago.

This site amazes me actually. I got free $0.50 by joining, more than 90 0.1cents ($0.001) links (there are even days when I have to click 108 links!) which earns me $0.10 per day. No wonder I only have to click 6 days only to reach the payout.

The first one, or should I say, the biggest payment of today (yeah, right... I know it's a joke, but considering that I am a small investor who is still learning and still trying to make some money in this industry, this is consider as big) is of course my TrafficAlMighty payment.

I started by putting in $10 11 days ago, and by the end of the 11th day, I had $14.30 in my account. The script of this program is a bit different than other A/Surf programs that I've joined. You have to put money first, just like topping up your account, and then, you have to buy some adclusters using the amount of money that you have topped up into your account. The adclusters are actually the ones that bring you commission daily.

Some members are confuse with this concept, and so they just stop when they have fill their account, and not buying any adclusters. They wondering why they didnt get credits even though it had exceeded 24 hours after they put the money into their accounts.

So I must remind you all who interested into joining this program to buy the AdClusters to earn. And below is the payment that I got from Tysin, the owner of the program. I cashout $4.30 only, and used the other $10 to reupgrade my account (by buying 10 adclusters, of course)
















The second payment I received today is from Frogress.com. This one is extremely fast. I received it in 10 minutes after requested it. I must say that I am impress with the attitude that JakeTheFrog (Yeah, that is the admin's calling himself) is showing for his site.

So far, there are only 3K++ members of the site. There are still lots of free spaces for all the others to hop in.



ANd the last but not least, is the mass payout from a PTR , SoaringEaglePtr.com. I was a bit lazy in clicking nowadays, and those earnings were from 3 days of serious clicking actually. Just wondering what I can earn if I click at the site obediently.











And so this is my report for today.

Oh btw, Instant2U is still paying its members instantly, but until I get back my cash balance in my account, I am forgetting about this site.

And for me, MegaLido is dead as well. I got $12 stuck in there. Dont think I'll be able to see them. So, good bye $12!