The vast currency market is a foreign concept to the average individual. However, once it is broken down into simple terms, the average individual can begin to understand the foreign exchange market and use it as a financial instrument for future investing.

Forex was created not by design, but because traders, brokers, bankers, importers, exporters and investors recognized opportunities it brings. In 1971, the U.S. went off the "gold standard", in which its foreign-exchange rate was pegged to the price of gold. At that moment, new trading opportunities appeared on the horizon.

Forex is the one stabilizing factor in the world's system of monetary exchange, yet it is not answerable to any extrinsic stabilizing influence. There are "no restrictions" in this market. No single international authority acts as a governing body, and no government can intervene unilaterally to regulate foreign exchange practices or, should there be a threat of world monetary crisis, halt trading. While treasury officials in Washington, London, Bonn, Tokyo and other capitals pay close attention to relative currency values, none can intervene in a regulatory capacity. The market exists only to the extent those traders in Asia (Tokyo, Hong Kong and Singapore), Europe (Frankfurt, London, Paris and Geneva), Bahrain, and the U.S. (New York), New Zealand and Australia (Sydney) are willing to buy and sell.

Foreign Exchange is the simultaneous buying of one currency and selling of another. The foreign exchange market (FOREX) is the largest financial market in the world, with a volume of over $1.5 trillion daily. Unlike other financial markets, the Forex market has no physical location, no central exchange. It operates through an electronic network of banks, corporations and individuals trading one currency for another. The lack of a physical exchange enables the Forex market to operate on a 24-hour basis, spanning from one zone to another in all the major financial centers.

Today, importers and exporters, international portfolio managers, multinational corporations, speculators, day traders, long-term holders and hedge funds all use the Forex market to pay for goods and services, transact in financial assets or to reduce the risk of currency movements by hedging their exposure in other markets.

Many people are drawn to the Forex market due to high liquidity, 24 hour trading, low startup costs, and a number of other attractive reasons. However, some traders are unable to sufficiently learn or trade currency due to a conflicting full time job or other obligation. Also, many investors like to supplement their existing portfolio without having to learn a completely new market. This is where the "managed Forex account" comes in. A managed Forex account is an established live Forex account funded by the investor, and traded by a company or professional. This allows the investor a reasonable rate of return on an account he does not necessarily have to trade himself, and the opportunity to be a part of the largest market in the world.

There are obviously many up sides to a managed Forex account. The investor is able to achieve a steady rate of growth without having to spend all the necessary time and effort to trade the money himself. The Forex market is a very liquid market as well, giving the investor a much more flexible means of withdrawing funds from the managed Forex account. Also, trading currency allows profit potential in both rising and falling markets, giving the experienced money manager more opportunities to grow the investor's account.

Two of the major types of managed Forex accounts are those traded manually, and those traded by an automated trading software. Automated trading software automatically trades currency based on a hard coded set of rules. A coder will write the system and money management rules into a variety of programming languages to produce software that could provide a more regulated steady rate of return for the managed Forex account than the manual trader. This gives the ability of the company or professional to advertise a set rate of monthly (or yearly) growth.

As a managed Forex account seems like a very lucrative direction to take in the Forex market, some people may still be drawn away from it for a few select reasons. Usually, many commercial brokers and investment companies have a minimum for the account to be traded. These minimums are usually around $10,000, and prove a hefty starting cost to the average trader. Also, many of these companies can (and usually do) promise high returns. In spite of these statements, the majority charge a monthly management fee to your managed Forex account. If your monthly return is less than the standard monthly charge, your managed Forex account will be in the negative even though before the fee, you were positive.

Unlike other companies, the managed Forex accounts with PanaMoney Technologies, Inc. have no monthly charges for account management and no hidden fees. The minimum amount for investing on the managed Forex account with PanaMoney Technologies, Inc. is as low as 30 USD.

Managed Forex accounts can be an excellent way to grow a large account, or provide a steady rate of growth over a long period of time without the hassles and emotional swings of trading currency yourself. If the investor has both the capital and a reputable investment firm or professional, a managed Forex account could prove to be a great investment opportunity.

Our company provides you with an opportunity to engage in online Forex trading. It means you can monitor the real time market situation taking the advantage of the charts in our web-site, see section Live Trade. In our chart you can see the currency price when we entered the market shown as a red horizontal "entry" line and the current price highlighted with a grey "current" line.

There are three most commonly used types of charts: line chart, bar chart and candlestick chart.

We use the candlestick chart as it is the most popular and widely used chart type. A candlestick chart reveals things that are not visible on other charts. It gives comprehensive information about price on the market and thus helps better understand and predict future price moves.

Each bar of the chart is a candlestick known also as Japanese candlestick. Because of its appearance candlestick delivers more information than any other line or bar method.

Candlestick carries High, Low, Open and Close for the price at specific time and possesses a Body. A color and the size of the body supply traders with additional price details.

The major part of the candlestick, the body, represents a range between Open and Close prices.

When Open for the price is above Close, a candlestick body is filled (gold).

When Open for the price is below Close, a candlestick body is hollow.

One of the common set up which we are going to use for our charts is gold and white. So "gold" will stay for the filled candlestick giving a signal that the price has dropped and "white" will stay for hollow giving a signal that the price has gone up.

The "gold" and "white" candlesticks also describe two opposing forces on the market: buyers and sellers (also called bulls and bears). Bulls (buyers) are traders who push the price up and bears (sellers) pull price down. So the gold and white candlesticks show who is in control on the market at the time.

The size of the candlestick tells how strong buying or selling pressure is. A long big candlestick symbols of a strong market pressure (buying or selling), whereas a small size candlestick means that buyers and sellers are in consolidation and the pressure is weak.

Shadows (tails or wicks) of the candlestick reveal activity of buyers and sellers. The upper shadow shows activity of buyers towards pushing the price up. The lower shadow represents seller's activity pulling the price down. Long shadows occur during high activity coming from both sides - sellers and buyers - as they try to turn the price into their direction.

A small upper shadow plus a big lower shadow tells a trader that in the beginning sellers were dominant and forced the price down, but fell under the pressure of buyers at the end of the trading session.

A big upper shadow plus a small lower one indicates that at first buyers took over the trade and pushed the price up, but eventually forced to give up facing strong sellers' pressure.

A candlestick with no shadows indicated that buyers (in case of a white candle) or sellers (gold candle) were dominant during the whole trading session.

A candlestick that posses a small or no body and at the same time has small shadows indicates indecisiveness between buyers and sellers and a very little trading - a weak, slow trading market.

Doji candle has no or an extremely short body and long shadow(s). It is formed when buyers were unable to overcome sellers' pressure and push the price any further from an open point, and at the same time, sellers met strong buyers' pressure and also didn't succeed in their efforts to push the price down from the open point. The result is a draw: open price = close price.

The very first look at a newly opened chart usually gives traders a little or no clue what the market is currently doing. So the trader must reorganize a wavy indefinite graph into a very clear picture to be able to trade.

Analysis usually starts with defining the trend. The gold rule of trading says "Always trade with the trend" ... or at least try to.

For example, the current bid-ask price for EUR/USD is 1.5775/1.5781 meaning you can buy 1 Euro for 1.5781 dollars. Suppose you see the trend of Euro growing against dollar and feel Euro is undervalued. To execute this strategy you would buy Euros (simultaneously selling Dollars) and then wait for the exchange rate to rise.

So you purchase 100 000 Euro (1 lot is Forex = 100 000) selling 157810 dollars. As you expected the EUR/USD rises to 1.5882/1.5888. Since you bought Euros and sold Dollars in your previous trade you must now sell Euros for Dollars to realize the profit. You can now sell 1 Euro for 1.5882 Dollars. When you sell the 100 000 Euros at the current rate you will receive 158820 USD.

Since you originally sold (paid) 157810 USD (158820-157810), your profit is 1010 USD. Your total profit = 1010 USD.

However, if the price falls down to the same amount of 0.0101 (as was the increase from the example above: 1.5882-1.5781=0.0101) or 101 pips (a 'pip' in Forex trading is the smallest tick in the price of a currency). You can lose 1010 dollars from the transaction.

In today's financial market trading commodities looks very attractive. It is especially true for precious metals (gold and silver) which have been good financial instruments for centuries.

Similar to trading currency pairs in Forex, when you trade spot gold (silver), you take a long or short position in gold (silver) at the same time that you take the opposite position in the U.S. dollar.

Spot gold trades globally in an over-the-counter (OTC) market. The market is available 24 hours a day, from Sunday at 6:00 p.m. Eastern time until Friday at 5:00 p.m. Eastern time, making it ideal for traders around the world.

Prices fluctuate based on supply and demand. The price of gold/silver in the spot gold/silver market-called the "spot price"-is the price quoted for the spot gold/silver.

That is similar to Forex trading. Forex is simply the simultaneous buying of one currency and selling of another. Forex prices are quoted in pairs. One example of a Forex pair is the EUR/USD, which refers to the euro and the U.S. dollar. With each pair, a trader concurrently buys one currency and sells the other.

Again, when trading spot gold/silver, you simply trade gold/silver and the U.S. dollar instead of two currencies. Reading a spot gold/silver quote is similar to reading a Forex quote. It is even represented the same way (XAU/USD, XAG/USD). The first symbol listed represents one "troy" ounce of gold (1 troy ounce = 31.1034768 grams). So the price quote-which may look something like 900 XAU/USD-simply means that one ounce of gold is equal to 900 U.S. dollars.

So, let's say you receive a quote for spot gold that looks like 900 / 901. This means that you could sell spot gold at 900 USD, or buy at 901 USD (the spread - the difference between the bid and ask price - is 1 USD).

If you buy spot gold and sell it at a higher price, your profit is simply the difference between these two prices.

For example, you buy a single lot of gold-a lot equaling 10 ounces-at 900 USD per ounce, so 9,000 USD total. The spot gold market moves, and a few hours later you sell the spot gold at 905 USD per ounce, or 9,050 USD total. You made 50 USD.

Your profits can be also represented in pips. Like in the example above, you can say you made 500 "pips". Like in Forex prices, spot gold/silver prices are quoted in small increments called percentages in point, or pips. Each pip in spot gold and silver trading represents 0.10 USD