FOREX TRADING


Definition of FOREX: The foreign exchange (currency or forex or FX) market exists wherever one currency is traded for another. It is the largest financial market in the world, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions. The average daily trade in the global forex and related markets currently is over US$ 3 trillion. Online forex trading company include Easy-Forex, CMSforex, fxcm, delta stock trading, wall street and more. Refinancing refers to the replacement of an existing debt obligation with a debt obligation bearing different terms. The most common consumer refinancing is for a home mortgage. Best Refinance Mortgage Rates can find esily online.

Tuesday, August 25, 2009

Some Important Tips For Foreign Currency Exchange

1 comments Posted by ange88 at 4:49 AM

The Foreign Currency Exchange is a stable industry that experiences alterations because of the deviations in the foreign currency conversion rates. You should learn forex from the experience of others. While you aim to study everything out of your forex trading you will not actually recognize how others are creating profits.
To achieve something, you have to continually deal with trade in the forex market. You got to begin and end your trade with respect to the market information and the existing trends at the time of your decision making. Do not stay long expecting the value of the currency to increase to your expectation. It might not work out always. It is better to fix yourself with the market trends.
· Get an idea of the stop loss decision based on the existing situation while you trade. Do not initiate trading while there is a deficiency in liquidity.
· Get an idea of the separate trading systems for the high markets and the low markets. Don’t simply work with just a single trading strategy. Bring out your strategy with a focus and navigate per the market situation.
· Considering the market trend and other factors work in accordance with what your mind states. Decide accordingly on when things are likely bad and which they are right for the trade.
· Differentiate between rumors and real facts in the market. Make your buy and sell decisions accordingly.
· Begin trading after the market has gotten hot in for the day and end your trade before the end of the trading day.
· When it is an over buying of currencies you got to consider ending your trade. Do not do what others are doing all the time. When it is a bull market and the hike is too much it will for sure come down. With changeable foreign currency exchange rates, nothing is going to be steady.

 

Margin Trading

0 comments Posted by ange88 at 4:49 AM

Foreign exchange is normally traded on margin. A relatively small deposit can control much larger positions in the market. For trading the main currencies, Saxo Bank requires a 1% margin deposit. This means that in order to trade one million dollars, you need to place just USD 10,000 by way of security.

In other words, you will have obtained a gearing of up to 100 times. This means that a change of, say 2%, in the underlying value of your trade will result in a 200% profit or loss on your deposit.

 

Explosive Profits: 7 Reasons to Trade Forex

0 comments Posted by ange88 at 4:48 AM

There are many money-making opportunities out there and we've been involved with quite a few, namely property marketing, web development, residential construction security, multi-level marketing businesses etc.
We've come to a few conclusions with the help of some well-known properity coaches.
Often people with the income they desire don't have the time to enjoy it. Those that have time don't often have money. You don't have to sacrifice your life-style to earn an above-average income. If you focus on the for a few months you can make that dream a reality and create time and money to do what you REALLY want.
To earn a living money is given in exchange for a product or service rendered. It needs to be sold continuously otherwise your income stops abruptly unless it's a repeat type of product or service.
Money is a medium of exchange. There's no magical formula to possess it, you need to exchange something of value for it.
What if, you could have access to thousands of customers who are ready, willing and able to buy from you whenever you wanted? Wouldn't it be great to avoid any hassles like money collection problems (just had a delayed payment from my web business), keeping difficult customers happy (we all know what that's like), competition stealing your business without providing the same value etc.
All that is possible with . You can also trade from anywhere. Take your laptop with you, find an internet connection and away you go.
Another advantage is that you don't need experience to get started. Get a traditionally job involves accumulating specialized experience, having a well-polished resume and having the right contacts. With the right training course, you can get started straight away.
Here's 7 more reasons to trade :
1. It never closes. It's open around the clock, worldwide. Trading positions open at Monday 7am, New Zealand time and close 5pm New York time on Friday. During this time, you can enter or exit the market whenever you like. It's a continuous electronic currency exchange. This is great because you can trade whenever you have spare time.
2. Leverage. Standard $100 000 currency lots can be traded with as little as $1000. This is mainly because of the ease with which you can buy and sell, some brokers will leverage up to 200 times, so with $100 you can control a 200 000 unit currency position. It's the best use of trading capital around, even banks lending on property investments don't come close.
3. Accurately predict the outcomes. Currency prices generally repeat themselves in predictable cycles so you can see what the trends are. 'Technical Analysis' helps to see these trends and profit from them.
4. Low Transaction Cost. In other words, you mistakes won't cost you a fortune. Good brokers won' charge commissions to trade or maintain an account even if you have a mini account and trade small volumes.
5. Unlimited Earning Potential. has a daily trading volume of over 1.5 trillion, the largest financial market in the world. It dwarfs the equities market (50 billion daily) and the futures market (30 billion).
6. You can make money in any market conditions. Each market is one currency against another, so when you buy in one, you're selling in another so there's no biase towards either currency moving up or down. This means it's up to you to choose which currency to buy or sell with. Yu can make money going up or down.
7. Market transparency. This is an advantage in any business or trading environment. It means you can manage risk and execute orders within seconds. It's highly efficient and allows you to avoid unexpected 'surprises'.

 

The value of two currencies and the way they relate to each other

0 comments Posted by ange88 at 12:56 AM

The value of two currencies and the way they relate to each other is what we call Forex rate. Forex rate is the value of one currency that is needed to purchase a unit of another.

You need to use two currencies in order to use the Forex rate and this means both of these currencies are ‘two tier’ rates.

The instincts of a trader are important for keeping up with the market conditions and the strength of some currencies. They can change drastically from one day to the next, influencing the Forex rate. The first thing you should remember that when it comes to the Forex market is that Forex traders who are certified can access authorized quoted Forex Rate.

executive summary on Forex Rate by JB Mills

Understanding How a Forex Rate Works
Forex rate are referring to the relative value between two different currencies, or how does one currency compare to the other one.

The forex rate is the most critical thing to be considered for a forex trader because he needs to determine how that rate will change amongst the various world currencies. If you have the desire and motivation to be involved with forex trading, learning about forex rate is critical to your success.

To be successful with your forex trades, you will be looking at forex rate constantly during the day. One of your tasks is to thoroughly examine the various trends in the countries and predict how these factors will impact the value of the country’s currency.

The factors that influence the forex rate are just about any social, economic, or political event that is occurring in that country at a given time.

Your knowledge of forex rate and forex trading, combined with the experience you gain along the way will guide you to the incredibly profitable rewards that are associated with successful forex trading.

executive summary on Understanding How a Forex Rate Works by Jon Arnold

 

Foreign Exchange Intervention

0 comments Posted by ange88 at 12:53 AM

Back in March 1985, New Zealand allowed its dollar to float freely against other currencies, with its value being determined by trading activity in the world's financial markets. Since this time the dollar has fluctuated and it has had an historical average valuation of about 58 cents to the US dollar (i.e. $US1 = $NZ1.72)

Against a backdrop of the Asian financial crisis and the dotcom boom, the NZ dollar fell substantially against the greenback in the late 90's, reaching a low in late 2000 at under $US0.40. But from those low levels the Kiwi began a phenominal climb, reaching over $US0.70 by the end of 2004, putting strain on New Zealand's export economy as NZ goods and services became proportionally more expensive to foreign buyers.



Conventional wisdom would say that NZ's foreign exchange rate moves in cycles and that it should tend to move back towards its historical average. But with the currency currently about 26% overvalued (compared to historical norms) it only looks like moving higher still. The higher it moves, the larger the risk is that it will eventually come plumeting down, damaging the economy in the process.

The Kiwi dollar has been pushed higher by overseas investors seeking to take advantage of New Zealand's relatively high real interest rates, and with interest rates being increased in an attempt to curb inflation, seeing a higher NZ dollar is viewed as a fairly safe bet. That's where the Reserve Bank's intervention comes in to play.

By selling some of New Zealand's currency reserves on the money markets, the Reserve Bank is able to temporarily lower the value of the dollar - the real aim of this is not to directly push the currency down substantially, but to scare speculative currency traders into thinking that the NZ dollar is no longer a one-way ride to riches. But the Reserve Bank's decision does not come without risks. Foreign investors and hedge funds control huge amounts of money and if the Reserve Bank gets this wrong, traders may actually push the dollar up even higher in a cat-and-mouse sort of game.

What New Zealand really needs to control its overheated currency problem are higher interest rates abroad, to reduce the benefits of investing in the New Zealand dollar.

 

Excellent book on currency trading

0 comments Posted by ange88 at 12:53 AM

I have spent 20 years researching and trading stocks and bonds, and was interested in currency trading. I purchased a number of books on foreign exchange. I read this book first, Essentials of Foreign Exchange Trading, and I found it an excellent choice. It has also been a good companion to my experimentation and trading on one of the major FX trading websites.

It starts off with a good introduction to the principles of currency trading and includes a discussion of a wide range of trading approaches to help understand which best fit your personality and style. The chapters that dive in on technical analysis (using candlesticks, moving averages, fibonacci/pivot point, elliott wave) are especially good; it is obviously the author's specialty. That was good for me since my background is in fundamental analysis and the author's treatment of technical analysis was comprehensive and helpful. The sections on fundamental analyses were good too, although I went through them quickly given my familiarity. My primary focus was to "expand the toolbox" with technical analyses and this book served that goal. Also, importantly, the book is written in an entertaining and fluid style. It was easy to read and absorb.

Great read - definitely recommend it
I traded forex a couple of years ago and I've just gotten back into it recently. Got this book right when it came out because I've been following the author's daily currencies analysis and attended a few of the webinars he gives. From the title of the book I was thinking that it might be a bit basic for me since I've traded forex pretty extensively before. But it's turning out to be extremely helpful because it has a lot of really useful strategies and techniques. The book pretty much goes all the way from beginner to advanced and explains everything really thoroughly and clearly. I have two other books on forex trading that I bought in the past, but this one is by far the most complete and useful one. For me, chapter 5 on forex trading methods and strategies was one of the most comprehensive descriptions of trading strategies that I've seen. Also really liked the technical analysis chapter. Definitely recommend this book.

First-rate forex book, worth its weight in any currency!
I've either read or skimmed through pretty much all of the books available on forex and technical analysis. I rank this book among the best because it provides all of the most practical information on trading forex that someone needs without holding anything back. And it doesn't contain a bunch of hype like many other books on trading do. It's also very clearly written. I've already taken a bunch of ideas from this book that are helping me become a much better forex trader.

 

Forex Exchange Rate – How Does It Get Calculated?

0 comments Posted by ange88 at 12:52 AM

Executive Summary about foreign exchange rate By Mike Singh


In the Forex market the value of two separate currencies and how they relate to one another is what is known as the Forex exchange rate. Usually the Forex rate is how much of one currency is needed to buy a unit of another. Just to give you an example of how the Foreign exchange rate can work and to help you better understands it we can compare the United States dollar with the Japanese yen. This ratio in the exchange rate is also known as pairing. A few other terms used in the Forex exchange are pips or basis points, which are actually two terms used for the same thing. In using the Forex exchange rate you are required to use two currencies and this means they are quoted as ‘two tier’ rates. Also in the Forex market its price basis is called a bid/ask. One last thing concerning the Forex exchange rate is that it is independently determined. With the benefits and knowledge of how the Forex exchange works you can decide if entering the Forex market is the right move for you.

Forex Exchange Rate – Learning the Basics

Executive Summary about foreign exchange rate By Tony Newton

It is due to the frequent fluctuations that come abound in the forex exchange rates. Literally defined, an exchange rate is the cost of one currency in relation with another. More so, it is maneuvered by the market forces called the supply and demand. Meanwhile, when the supply of such currency tops the market demand, the value of such currency as well as the exchange rate plunges. One good example of a fluctuating exchange rate is the US dollar .

An in-depth tutorial of the basics of forex exchange rate is widely available online. Your every decision counts and influences your investment’s progress or downfall.

Check out other guide on Exchange Currency

 

Floating Exchanges Systems

0 comments Posted by ange88 at 12:52 AM

Currencies are valued in terms of other currencies, not in terms of gold - this is under the floating exchange system.
The two world wars brought about social upheavals, in the early 20th century also rapid inflation and the reason, which made the gold a standard operable - the destruction of the setting. During the two wars, a lot of countries selected to opt for floating exchange systems until their economies returned to the point at which in light of the fact that, if a currency drifted too far outside its band and could not be contained by central bank intervention, the country was allowed to adjust its peg by setting a new exchange price and also to temporarily abandon the gold standard.



Three aspects of the system were there, and they are: increasing international capital mobility, constant exchange rates and autonomous domestic economic policies. Thanks to the existence of Bretton Woods, this did not stop states from using domestic economic policy such as manipulating interest rates under the gold standard, for example. As well as or domestic reasons - their long-term effects on the exchange rate.
The central banks finally began to convert their dollars to gold and this is because the instability brought about by the Vietnam War. In 1974 the Bretton Woods System of adjustable pegs was officially abandoned and the Jamaica Agreement basically allowed the presence of any exchange system a country chooses (Aliber, 52). o halt the loss of gold, in 1971 Nixon “closed the gold window” by refusing to provide gold to foreign dollar holders (Eichengreen, 133).

 

Forex Charts : AUD vs Major Currencies : 10 Years

0 comments Posted by ange88 at 12:51 AM

Historical Foreign Exchange Rate Comparisons - Australian Dollar (AUD) vs GBP, USD, Euro and SGD

Although history is not an absolute guide to the future, historical foreign exchange rates should be one of the factors considered when deciding whether and when to make significant money transfers, or whether to take out a foreign currency loan to purchase an asset (eg. property in Australia or elsewhere).

Provided below are four charts comparing AUD exchange rates against the GBP, USD, Euro and SGD over the ten year period to July 2009. Should you wish to explore other historical periods and other forex currency pairings then these are available on the Ozforex website - see Long Term Charts on the home page.

 

USA Is Going BANKRUPT, Worse Than Ever

0 comments Posted by ange88 at 12:50 AM

Now we see the Federal Reserve drain its reserves which are Treasury DEBTS, of course. The US government has, as per usual, lied about budget matters and now it turns out we are running up to HALF A TRILLION in the red if not much worse. Congress is busy voting to spend more billions trying to run over Iran Kitty and control Iraq, our own Tar Baby from Hell. Half a trillion in US homeowner wealth has vanished into thin air. Or rather, the US government is busy turning it into government debts. This leads to bankruptcy. Of course, the Fed ignores raging inflation and drops interest rates another 25 points. Argentina is going bankrupt yet again and for the same reasons we are going bankrupt. Will we learn before it is too late? Nope.


Here is a graph I decorated. Click on the image to enlarge. The colors represent interest rate levels. The red line is the real inflation rate. It is obvious that we are in very great trouble and the 'cures' of the late 1970's to the early 1980's, courtesy of Volcker, may have killed inflation only for a while. Not permanently.


Note the red arrow pointing to the inflation rate red line in both 1976 and 2003: These two times are the only two times in the last 60 years that the real inflation rate has been over 500 points higher than the official interest rates. There are several significant periods when the Fed dropped interest rates below the rate of real inflation: In 1960, to boost the economy and thus show Commie Russia and Commie China that we were a worker's paradise, in 1972 when Nixon pretended to be ending the Vietnam War via kissing Commie Chinese ass, in the mid seventies we had 'stagflation' as the price of everything we needed to eat or use shot way up in price, then we had another session of fake interest rates after the Gulf War I victory. Then there was 'stability'. This was supposedly a time when inflation was 'under control'.


Government spending dropped, for example. But was our economy healthy? Or DYING? Unfortunately, it was dying. Our trade deficit which began during the fake interest rate regime under Nixon, took off! So did the stock market. When the stock market bubble popped, rates went far, far below the rate of real inflation. The infamous Housing bubble ballooned. Rates were shoved upwards rapidly to deal with the flood of red ink from the US government and our consumer economy. We ran up over $4 trillion in government debt AND another $4 trillion in trade deficits. Nearly $10 trillion in all! This has only one end: bankruptcy.


So the Fed, today, voted to drop interest rates to the cellar where it last was, in a realistic sense, during Eisenhower. When we were a creditor nation and had an industrial base. Looking at this chart, I must say, we will see DOUBLE the hyperinflation of the 1975-1985 decade if the Fed keeps dropping rates and keeps them low in a misguided and insane effort in preventing Wall Street from panicking.


$536 Billion Worth of Household Assets Evaporated in February?

Paul L. Kasriel
plk1@ntrs.com

It sure is a good thing that $150 billion of checks from the IRS are in the mail to U.S. households because these same households experienced an evaporation in paper wealth in February to the tune of about $544 billion according to my admittedly back-of-the-envelope arithmetic. It was reported today that the Case-Shiller house price index for 20 major metropolitan areas fell 2.66% month-to-month in February. Applying that percentage decline in house prices to the fourth- quarter value of $20,154.7 billion for household residential real estate from the Fed’s flow-of- funds data yields a decline of $536 billion. Now, this is a very rough approximation for at least two reasons. Firstly, the Case-Shiller price index is for only 20 metropolitan areas, not the whole country. So, the Case-Shiller index captures the decline in house prices in the Manhattan, New York area but not the Manhattan, Kansas area. Second, the value of residential real estate in the Fed’s flow-of-funds accounts is based on the OFHEO house price index. But even with these qualifications, I feel confident in saying that the value of households’ residential real estate assets fell in February by some multiple of the aggregate value of the checks households will receive as part of the Economic Stimulus Act of 2008.

This stupid, ridiculous hand out designed to keep people spending: it is insane. It is stupid. It is a hand out. It is America the Welfare Queen From Hell time. It is also bankrupting the nation. Right now, our stupid geniuses who came up with this obvious scam are running in circles, screaming, 'Who, who, WHO is going to buy all our bonds we must issue to cover the gaping Federal deficits?' Of course, if Ron Paul suggests we stop spending $109 billion bombing Sadr City, the media and our flag pin lapel wearing political operatives will go nuts. 'Traitor! Treason!' they will shout. 'Ron Paul is a nut. He isn't serious! We are serious!'


So it goes: Hillary Clinton and McCain who are two warmongering peas in a pod people plant, both are suggesting we no longer collect gasoline taxes! This will free up money, as ABC TV said tonight, 'So people can buy FOOD!' My god. The head spins! I saw on TV all these big, fat, SUVs sucking down huge amounts of gasoline. Since we decided to ignore reality for two decades, we are stuck with these behemoths. I always bought gas misers. I loved my little Geo Metro. Drove it for over 200,000 miles at 55 miles to the gallon. A very unpopular car over here.


Americans don't want to make any serious changes. Everyone with gas guzzling monsters should park them and start carpooling or riding bikes or walking, god forbid. And if they can't do this, they should ditch these ridiculous machines and buy cheap, used Geo Metros. Actually, I sold mine! The kid rebuilt it. Still runs. The point is, we can't have endless gas. This is bankrupting America. It is making our trade deficit stink to high heaven. It is treason. It weakens our nation and anyone driving these things should reflect on how they have destroyed our great nation, all so they could drive about arrogantly and hassle little Geo Metro drivers.

 

Fed Cuts Rates by a Quarter Point, and It Signals a Pause

0 comments Posted by ange88 at 12:49 AM

The Fed’s action, lowering short-term rates to 2 percent from 2.25 percent, followed new indications that the American economy remained fragile, expanding by 0.6 percent on an annualized basis in the first quarter, not an overall downturn that would have indicated a full recession had begun.
The poor record of economic growth, reported by the Commerce Department on Wednesday morning, reflected what most Americans have been experiencing since late last year — declines in consumer spending, housing prices and business investment, along with spreading unemployment.

Wall Street gave up sharp gains after the Federal Reserve announcement. The Dow Jones industrial average, which was up about 120 points and moved higher after the announcement, was up less than 30 points about an hour later.

Wednesday’s interest rate action was accompanied by a parallel decision to lower the Fed’s discount rate, the rate the Fed charges banks and thrift institutions, from 2.50 percent to 2.25 percent.


I sense fear on the streets. I certainly see fear all around me in stores, at gas stations, in the schools, everywhere, people notice inflation is eating away at our precious funds. They know deep down, that the present 2% rate of the Fed is utterly, totally insane and will only make inflation worse. The older people my age and older know perfectly well, what the cure is. But people hate this and want free Funny Money™. People who are savers are hoping Volcker will throw Bernanke from a helicopter, take over and repeat what he did in the past. Buying bonds that have an 18% return is GREAT if one is a saver! Right now, savings are collapsing since one makes more money by borrowing rather than saving.


NYT:

“My view is that the Fed is back doing the silly things it did in the 1970s, of trying to make judgments that have long-term consequences based on short-term data,” said Allan H. Meltzer, professor of political economy at Carnegie Mellon University. “It should get back to the period of 1985 to 2003 known as the Great Moderation.”
The Fed’s recent move, coupled with the uncertain performance of the economy, appeared likely to deepen the partisan impasse in Washington over how to respond to joblessness, the mortgage crisis, energy costs and other problems.


Meltzer is like Volcker: he remembers things. He knows better. He can read graphs. He can grasp reality. Bravo. I am glad the Times is quoting people like these two. By the way, the 1985-2003 period was NOT moderate at all. It saw our economic state collapse! GAH! Why can't they see the obvious? Why? Why???


The US trade deficit grew worse and worse. The budget deficit went from $1 trillion to $6 trillion during that time. Interest rates moderated because we stopped inflation via the method of OUTSOURCING AND OFFSHORING our economy! And even with all this, the US had to devalue the dollar via the Plaza Accords and the Louver Accords.


First: the numbers above are riddled with lies, evasions and fraud. The main thing is, we are in the red. And there is no end to the foolish choices being made from top to bottom.

 

US Treasury to resume 52-week bill as deficit widens

0 comments Posted by ange88 at 12:48 AM

The U.S. Treasury said on Wednesday it will resume issuing 52-week bills after a seven-year break, as budget deficits swell due to slowing revenues and higher spending in a sluggish economy.
The Treasury, announcing its quarterly refunding plans, said it would sell $21 billion of 10-year notes and 30-year bonds. It also said it would pay down about $53 billion of maturing debt in the auctions next week.
The Treasury retired the 52-week bills in February 2001, when the United States was running budget surpluses after a decade-long economic expansion.

It is now adding the bill to its debt offering lineup just one year after it retired the 3-year note amid better-than-expected tax revenues produced by booming corporate profits and capital gains.


The Japanese and Chinese just can't wait to buy these. Eh? They will buy ONLY if the US lets them flood us with exports and they gain a good profit return. How will we do this if our own consumers are being consumed by inflation? Warning: here comes the Horns of Dilemma. We are trapped. We can't just inflate our way to happiness and wealth. We can't lure the nations destroying our industrial base into buying our bonds if we have rates that are 500 points below the real rate of inflation! As well as weakening the dollar tremendously. Japan has kept their own rates 700 points below the real rate of inflation. I read about various things like noodles or gasoline shooting up 40% in price this last six months over there! Noodles that went for 100 yen are now suddenly selling for 140 yen, just for example. Wages are falling and this is a terrible mess for the people there.


The Treasury cited spending on tax rebates associated with the government's $152 billion fiscal stimulus plan as a key reason for raising borrowing expectations over the next year.
The Treasury Borrowing Advisory Committee -- made up of 22 primary government bond dealers -- said in a report to the Treasury that a recent survey showed the deficit for fiscal 2008 will average a record $414 billion, with some economists forecasting the gap would exceed $500 billion -- more than tripling last year's $163 billion deficit.

In addition to lower revenues from a slowing economy and increased spending, the Federal Reserve has redeemed Treasury holdings and made some outright sales in recent months to support its efforts to boost financial market liquidity and ease the worst credit crisis in decades.

This has resulted in an additional $200 billion in bills and coupon issuances so far this fiscal year, the Treasury said. Municipal bond issuers are also buying fewer State and Local Government Series securities, or SLGS, forcing the Treasury to increase issuance of higher-yielding bills, notes and bonds.

The Treasury said it may also consider other moves such as increasing coupon issuance and reintroducing the 3-year note or other maturities, if borrowing needs continue to grow.


The banking collapse is now becoming the infinitely more dangerous government funding collapse. The Chinese are in a very foul mood right now and demanding they bankroll our $1600 hand out to all Americans while screaming about how terrible Chinese goods are means China won't buy our debts! Japan is selling, China won't buy. So who will? Argentina?


US Fed Selling Treasuries as Federal Budget Deficit Doubles

By Paul L. Kasriel

The non-partisan Congressional Budget Office is projecting that the fiscal year 2008 federal budget deficit will increase to $396 billion from $162 billion in fiscal year 2007. So, federal borrowing in this fiscal year is projected to be 2.4 times as much as last year. And on top of this increased federal borrowing, we now have the Federal Reserve providing $601 billion less support to the Treasury securities market at an annual rate. Is it any wonder why the yields on Treasury securities are rising now? You might want to put your IRS tax-rebate manna into some sort of saving account for your children so that they can pay the higher taxes needed to service the public debt that is being incurred to bailout imprudent borrowers and lenders in the recent housing bubble.

How can our official interest rate be 2% under these circumstances? Isn't it painfully obvious? I saw a TV commercial today. It was all about how people could get unsecured loans. Because I am a speed reader as well as typist, I was able to read the fine print at the bottom of the commercial that flashed on screen literally for less than a second. The rate was 99.25%. WOW. And we have no inflation? I guessed it would be 33% and that rate had me totally astonished! Talk about blatant usury. But then, the real cheats here are the Federal Reserve officers who think interest rates are all about goosing the economy, not tracking inflation. They can't say, 'We will notice inflation next year or maybe ten years from now.' It is very much 'now' now!

 

Argentine Bonds Plunge on Mounting Default Concerns

0 comments Posted by ange88 at 12:47 AM

Argentine bonds show growing speculation that the country will default for the second time this decade as inflation and anti-government protests swell.
The nation's $10.8 billion of floating-rate dollar bonds due in 2012 yielded 7.20 percentage points more than Treasuries of similar maturity at 5:43 p.m. in New York. That implies an almost 20 percent chance of Argentina halting payments in the next two years, according to Credit Suisse Group. No other emerging-market government securities have as high a probability of default.

The 19 percent decline in bond prices since President Cristina Fernandez de Kirchner took office in December shows investors are losing faith even as record commodity exports spur the longest economic expansion in at least two decades. Confidence waned after statisticians accused the government of fabricating data to hide an inflation surge and farmers alienated by a tax increase staged a nationwide strike that caused food shortages last month.


So, Argentina will collapse and go bankrupt because the government is lying about inflation? Oh my. The US gets away with this only due to foreign powers propping up our corrupt politicians who pull this exact same stunt here. But we can't do this forever. It is obvious after a decade of inflation lying, the lion of inflation has risen and is now stalking us. By the way, if Argentina goes belly up, this is going to drag us downwards, too. We are way too fragile with a dead banking system, to fake it much longer if other nations let go and fall off the cliff. THIS IS HOW THE GREAT DEPRESSION DEVELOPED.


Investment Outlook

Bill Gross

Minsky, McCulley, El-Erian, Gross, Feldstein, Summers, and a host of others would likely argue that additional policy measures are required to support home prices which have fallen by 10% over the past 12 months and are set for a repeat by this time in 2009. Lower Fed Funds? They would, in PIMCO’s opinion, likely do more damage than good from this point forward. Foreign and domestic investors are being fleeced with negative real interest rates, and the weak dollar, stratospheric commodity prices and steadily rising import inflation are the result. The better alternative is to initiate a limited mark-to-market write-down of private mortgage debt as envisioned in the Dodd-Frank Congressional proposal combined with government-subsidized loans at below market rates. Look at it this way: you can allow a home to fall in price from $400,000 to $300,000 and force an upside-down "short sale" foreclosure, or you can reduce the homeowners’ $400,000 mortgage to $350,000, refinance the loan through the FHA at 4% and stabilize the neighborhood and its home prices. Surely Republicans, Democrats, AND Wall Street mortgage holders (PIMCO included) can recognize that stability as opposed to freefall market clearing is the better alternative, especially if the pain is shared by all parties. It is our best chance to cushion Minsky’s asset-based deflation.

The problem is, the vanishing wealth. No one in their right mind is going to put their money into anything that is losing value and this emphatically includes the dollar itself. No one giving advice or peering into the future can see reality if they refuse to understand that we are in a negative wealth cycle now in the West. And there is no magic charm or easy out. There is one and only one way out: to save money and work for profits which get plowed back into value-added labor output. Not Funny Money™ making schemes. But rather, real industrial output. I see Germany and Japan cutting back on industrial output. The last local factories here in Berlin, NY, my dying town, are cutting shifts and no longer running day and night but are running at a half staff. We can't be a nation of bankers, property flippers, gamblers and therapists. We have to produce something tangible and real. And the profits must be generated here, not fly off to Japan or Germany! And we will never save any money if interest rates are 500 points below the rate of inflation!

 

Average Daily Turnover by Country

0 comments Posted by ange88 at 12:45 AM

Average Daily Turnover by Country



•16 banks account for 75% of turnover in the U.K.
•11 banks account for 75% of turnover in the U.S.
•11 banks account for 75% of turnover in Japan
Note: The reference here is to individual banking offices rather than banking organisations.

Source: BIS Triennial Survey 2004

Trading

•An estimated 95% of transactions are speculative
•More than 40% of trades last less than two days
•About 80% of trades last less than one week
•Brokers research: 90% of traders lose money, 5% break even, 5% make money
Technical Analysis

Commonly used technical indicators:

•Moving averages
•RSI
•Fibonacci retracements
•Stochastics
•MACD
•Momentum
•Bollinger bands
•Pivot point
•Elliott Wave
Currencies

•The US dollar is involved in approximately 90% of all foreign exchange transactions, equivalent to over $1.5 trillion a day
Currency Codes

•USD = US Dollar
•EUR = Euro
•JPY = Japanese Yen
•GBP = British Pound
•CHF = Swiss Franc
•CAD = Canadian Dollar
•AUD = Australian Dollar
•NZD = New Zealand Dollar

 

forex turnover

0 comments Posted by ange88 at 12:43 AM

Main foreign exchange market turnover, 1988 - 2007, measured in billions of USD.
The purpose of Forex market is to facilitate trade and investment. The need for a foreign exchange market arises because of the presence of multifarious international currencies such as US Dollar, Pound Sterling, Yen, etc., and the need for trading in such currencies. Since you aren’t buying anything physical this kind of trading can be confusing. When buying a currency think of it as buying a part in that particular country’s economy because the currency rate reflects the economical situation of the country when compared to others.
Currencies
Currencies
List of most popular currencies on the Forex market

Forex used to be a closed market because only the “big boys” because you needed between 10 and 50 million $ to open an account. But today, with the development of internet, online Forex brokers have the possibility to offer their services to “little” traders. All you need to start is a computer, fast internet connection and information which you can find on this page also.

 

Software related to Forex Rate Chart

0 comments Posted by ange88 at 12:42 AM

Software related to Forex Rate Chart

Chart forex B
Has a good beginners article.Educational courses, material and seminars on forex trading. Forex Signals, Managed Forex, Forex Forecasts, Forex Predictions, Forex Recommendations, Forex Alerts, Forex Training, Forex Forum, Forex Chat. Japanese Yen cur
Forex Trading Platform
Forex Trading Platform - Free to Join, $25 Min. Trade, Live Quotes in Real Time. This web-based forex trading system is used & trusted by thousands of fx traders, offering competitive spreads and no hidden/signup fees. Guaranteed stop/loss rate.
EFX Forex Trading System
EFX Forex Trading System - Forex Platform, Live Currency Rates, Currency Conversion Tool, Daily Outlooks and More. The EFX Trading System is an all-in-one program for serious foreign exchange traders. $25 Min. trade deposits, very competitive spread.
Forex Rates & Forex Converter
Forex Rates & Forex Converter Tool - Instantly convert any major currency. Currency database is updated on a second-by-second basis. Forex rates updated in realtime, and provided by the EasyForex Forex Trading Platform.
Forex Strategy Builder
Forex Strategy Builder is a complete system for creating and testing Forex trading strategies. It provides back tester, optimizer, charts, journals, statistics. The program's automatic system generator build a profitable strategy in minutes.
Forex Trading
If you are looking for an edge in forex day trading, then this is going to be the most exciting message information you have ever received
Forex Market Hours Monitor
Forex Market Hours is a handy freeware program that allows keeping track on active Forex market sessions worldwide. Converting current user's time this Program can be used by all forex traders trading in any time zone.
ABC FOREX
Pricemotion forex and stock educational trading games, free forex and stock exercises and forex forum. Learn technical analysis - triple screen trading Forex Market Educational Trading Game. Pricemotion gives you the chance to learn how the stock
FOREX online game V
Pricemotion forex and stock educational trading games, free forex and stock exercises and forex forum. Learn technical analysis - triple screen trading Forex Market Educational Trading Game. Pricemotion gives you the chance to learn how the stock
Forex Trading
forex trading intraday daily trade calculator on major forex trading pairs strategy test profitable plan
Interest Strategy Calculator
If you buy a currency and sell another in the forex market you will have to pay or receive the interest difference between the 2 currencies. ISC will show you whether to buy or sell a currency pair when you wish to RECEIVE interest.

 

TOP 6 Tips to Avoid Forex Swindles Frauds

0 comments Posted by ange88 at 12:39 AM

1. Be informed and stay aware
Since it's your money, it's your responsibility to know the ins and outs of Forex trading, including the most common scams now going the rounds. You wouldn't blindly hand over your money to someone who walks up to you in the street and says he's going to make you rich... would you? No, you'd instantly have all sorts of alarm bells going off in your brain. You'd at the very least ask for ID, references and qualifications. So keep your antenna out and your awareness up.

2. Remember what Grandma told you
Didn't she say: "If it seems too good to be true, then it probably is." This has always been a good first rule of thumb for gauging "offers" that come seeking you out. And it will be a good rule for many years to come, so use it. Don't let some sweet talker con you into handing over your hard-earned money. Sometimes a broker may try to convince you he's going to help you turn your money into an enormous bundle almost overnight by using their services. A good question to ask is "Really? Why? And why me?"

3. Listen to your gut feelings
If you get a sneaking hunch that someone may be trying to take advantage of you, then don't hand over your money. Period. Always run checks on anyone you're thinking of dealing with. Simply contact the consumer affairs authorities in your country or get in touch with the registry for brokers and dealers in your own currency exchange market. Be sure you know which company the person works for and contact them to double check what you've been told.

It's your money, and it's your responsibility to keep it safe, no matter what a nice guy that salesman seems.

4. Don't allow yourself to be pressured
There's no rush. Never, never forget that the "deal of a lifetime" comes along about once every two weeks, so never let yourself be hurried into leaping now. The faster a broker wants to part you from your money, the more risk there is that he's got an ulterior motive - your money. Don't listen to stories about 'the next big thing' in Forex trading. If he starts telling you that this is an opportunity to make huge profits but that you've absolutely got to act now or you'll lose it forever, just slow down. Another good deal will come along in a couple of weeks - count on it. Refuse to go along with any time frame that would throw you in over your head. You'll soon see if the broker is applying unnecessary pressure or if he is willing to wait for you to be comfortable.

5. Companies that guarantee no risk ARE a risk
It's a fact: You'll run into risk in any kind of investments, whether stocks or bonds or real estate, and this includes Forex trading. Keep a healthy distance from any company that claims:

* "We promise to restore any losses for you."
* "You can't lose; your investment is always secure."
* "Even with a $5,000 deposit, you won't ever lose more than $200 per day."

No company can guarantee such things. Never, ever deal with one that waves unrealistic promises around. Such claims mark them as either fools or con artists. Either way, it's a good idea to keep your distance.

6. Stay away from anybody that guarantees big profits
Don't be tempted by anyone who claims they'll guarantee you huge profits. You'll find them making statements such as:

* "Make $5,000 per week or more, every week."
* "Our company always offers the most successful Forex trading on the market."
* "You will receive a guaranteed minimum 30% return within your first two months."

Now just stop and think about it for a second. Are these statements likely to be true? More likely they're opportunities to sharpen your judgment and avoid Forex scams; otherwise, you could easily lose

 

FXCM and DailyFX Offer New and Innovative Forex Trading Signals in Multiple Languages

0 comments Posted by ange88 at 12:37 AM

New York―April 2009―FXCM (www.fxcm.com), in cooperation with DailyFX.com (www.dailyfx.com), announced the multi-lingual release of their forex Trading Signals in English, Spanish, Arabic, French, Russian, Chinese, and Japanese.
Exclusively available to FXCM’s live clients through the DailyFX+ Web site, forex Trading Signals offer highly interactive trading alerts that update automatically in real time, 24 hours a day, on a dynamic basis. The Trading Signals track six technical strategies across fourteen currency pairs, consisting of two focused on range-bound markets, two on breakout, and two on momentum strategies.
Customizable alerts update in real-time when the system triggers a change in any of the signals, allowing clients to update stops and limits, and to buy or sell. Each signal has a profit/loss indicator counted in pips to determine the profitability of a given signal. This is determined by comparing the current market price to the entry price, and assumes there is only one lot being traded.
The new signals are designed to be extremely user-friendly. Red and blue arrows indicate the market direction toward which the strategy expects price action to turn. Six boxes allow traders to display their favorite currency pairs (and they are saved on your browser, which is nice) to view the entire system in a single glance.
Watch our instructional video on the new DailyFX + Trading Signals: http://forex.acrobat.com/p76071208/
• FXCM LLC is one of the Largest Forex Dealer Members
• More than 125,000 live accounts are traded on FXCM trading platforms
• As of January 2009, an average of $500 billion in notional volume is traded each month on FXCM trading platforms
• As of January 2009, an excess of $600 million in customer funds trading on platforms offered by FXCM
Leveraged foreign exchange trading carries a high level of risk, and may not be suitable for all investors.

 

FXCM Holdings LLC Releases Financial Data:

0 comments Posted by ange88 at 12:35 AM

New York, June 4, 2009: FXCM Holdings LLC continues to make a public release of its balance sheet. The numbers reflect the firm’s financial strength and status as of April 30, 2009.
Highlights of the (unaudited) balance sheet include the following:
$114,985,838 In Capital (Assets Minus Liabilities)
$130,307,551 In Operating Cash (Excludes Client Funds)
Drew Niv, CEO of the global trading firm, commented: "FXCM is proud of our financial discipline and strong balance sheet. We believe clients should have the necessary information to make intelligent choices. By releasing this information, we hope to set an example for the entire forex industry."
Balance Sheet (Unaudited)
FOR THE MONTH ENDED APRIL 30, 2009
(Amounts in USD)

ASSETS
CUSTOMER CASH 287,614,938
OPERATING CASH 130,307,551
OTHER ASSETS 9,248,124
FIXED ASSETS 10,476,181

TOTAL ASSETS 437,682,794

LIABILITIES
CUSTOMER DEPOSITS 287,614,938
DEFFERED REVENUE 16,000,000
OTHER LIABILITIES 19,082,018

TOTAL LIABILITIES 322,696,956

CAPITAL
FXCM CAPITAL 114,985,838

TOTAL LIABILITIES AND FXCM CAPITAL 437,682,794

FXCM Holdings, LLC consists of FXCM Australia LTD., Forex Trading LLC, Forex Capital Markets LLC, Forex Capital Markets LTD, FXCM Asia LTD, FXCM Canada LTD and FXCM DMCC.
Please Note: In April, there was a significant drop in the firm's net capital. This decrease is related to FXCM fulfilling its tax obligations. Last year was a terrific year for FXCM with the firm hitting all-time volume highs, and as a result, the ownership of FXCM made payments of nearly $50 Million towards fulfilling taxes due. However, even after such payments, FXCM Holdings, LLC has over $100 Million in firm capital, of which $60,472,142 is held by the firm's US registered entity, Forex Capital Markets LLC.* The remaining capital is held by FXCM’s other entities, including regulated entities in Australia, Dubai, Canada, Hong Kong and the United Kingdom.
# # #
FXCM Holdings, LLC Facts
As of January 2009

• FXCM Holdings LLC has over $100 Million in capital
• More than 125,000 live accounts are traded on FXCM trading platforms
• An average of $500 billion in notional volume is traded each month on FXCM trading platforms
• In excess of $600 million in customer funds trading on platforms offered by FXCM

Trading FX, CFDs and Spread Betting on margin carries a high level of risk, and may not be suitable for all investors.

 

Forex autopilot system

0 comments Posted by ange88 at 12:33 AM

Hi Forex visitors,

You can see and take good software from Goldman Sachs's senior quantitative analyst, which reveals his secret software to make money from Forex market on autopilot.

Get it…!!!

 

Forex Wealth Building With Most Apposite Trading Signals

0 comments Posted by ange88 at 12:31 AM


Forex Wealth Building With Most Apposite Trading Signals Posted by LifeStyle
The importance of Forex signals could not be overlooked, as these signals escort the most apposite entry and exit points to the market. If you, as an investor in forex trading market, are able to find best trading signal provider, you automatically become eligible to earn huge profits. Forex trading is most enchanting investment options, only if you are able to access right set of tools like trading signals. These signals mark the probability of success as well as failure for every investment in forex trading.

What Is Importance Of Forex SignalsForex signals are the basic entities, which are capable of letting your investments to flourish in right direction. Here are few ways, by which forex signals provide help to the investors:

 

What Is Importance Of Forex Signals

0 comments Posted by ange88 at 12:30 AM

•Forex signals help the investors to draw a thin line of difference between profit and loss segments of the market.
•Forex signals help to evaluate the existing market prices of various world currencies and help the investors to decide, which currency to but.
•Forex signals provide minute-by-minute report for fluctuating nature of forex trading market.
•Most importantly, forex signals make use of most efficient tools like daily candlestick charts, hourly candlestick charts and minute-by-minute candlestick charts to provide latest information to the investors.

 

Dealing With Online Forex Brokers

0 comments Posted by ange88 at 12:30 AM

Online forex brokers can turn out to be your competitive advantage in the line of foreign currency trading. They are deemed as a valuable asset especially if you wanted to enter into a high stakes game of currency trading. Because of these, forex brokers are highly esteemed in the market and there are some misconceptions that have also been formed around them. With the industry booming, it's about time that some of those misconceptions be straightened out once and for all.



The Truth behind Trading with Brokers

Most of the time, we feel way too assured for our own good when we get the services of online forex brokers. We tend to feel that we are in the hands of experts so all we have to do is sit back and relax as they do all the needed work for us. So when things don't turn out quite the way we expect them to, we tend to put all the blame on the brokers. Sometimes we even feel cheated that we are paying for nothing. But the truth is that we are also to blame for the losses we incur.

All forex brokers know that in the trading arena, losses amounting to 95% are but a common thing. This is why most of them choose to abide by the rules of day trading. Exchanging currencies are very dynamic and at the end of the day, all your broker ever really does is to provide you with leads. The hand that still makes all the vital decisions is yours and not your broker.

Brokers and Offered Leverage

One of the selling points used by most forex brokers is the leverage they offer. Leverage is the profits that you can be promised by relying on just one forex broker alone. Some even go as far as giving 300:1 and unfortunately some people take the bait. In truth, 20:1 is the maximum that brokers can handle and assure you with. It's easy to believe that they can do it with a spectrum of trading methods but at the end of the day, keep in mind that these brokers are human too. They can only do so much to cover that much and also consider the fact that you may not be their only client.


Listening to Your Forex Broker

One of the great offers that a forex broker can perhaps give you as an extra benefit is their word of advice. You would especially appreciate this if you are new in the game. But the thing is, you should not swallow every piece of advice that your forex broker will give you. Online forex brokers are hired to help you find opportunities but they should never be the ones made to handle the course of your business. At the end of the day, you should still listen to your own gut feel and instincts.

Also, you should never buy most of the things that your forex broker tells you out of the context of work. As much as possible, keep your relationship at a professional level.

 

Learn the Simple Forex Market

0 comments Posted by ange88 at 12:29 AM

Forex trading is a market which is both complex and simple. How to make money is the simple part, but the implementation of the process to learn forex market can be a little difficult. Forex education can prove to be a boon for all those who are willing to try their luck in forex trading. Therefore it is very important for them to understand the ways and methods of forex trading before actually getting into it. Even if one is well experienced in trading, there is always a room for improvement even for the experts.



The forex market is surely not a game for a fresher in this field and they need to improve their skills before getting their hands wet. The fact is that many individuals who make money online keep losing money in the forex market and very few are earning millions annually. This major difference is caused by two main reasons, namely, forex trading skills and the trading system being used.

Forex trading gives a whole new option to the beginners to succeed financially. To learn Forex market and list Forex trading into one of your financial plans is a must. When an investor adapts the right trading skills, the limit to earn profits is left far behind. In other words there is no such limit defined to earn profits if the trading skills are absolutely apt. There are many trading systems that provide you with the facility of making money online. But what is required by us is to identify and understand that which one will suit the best to our requirement.

1. Note the values of the currencies
2. Know the trend ending time
3. Affect of current economy
4. Use of long term trading strategies

To succeed at currency trading, one needs to learn the right forex trading strategy which can be possible if and only if the traders follow these winning tips and to move ahead and reap huge benefits or profits.

 

5 Logical Steps to Profitable Forex Trading Career

1 comments Posted by ange88 at 12:28 AM

One thing that contributes so much to the failure of many in taking lasting profits from the forex market is ignorance about what steps to take when making trading decisions. Let us quickly go over to 5 secrets steps to a profitable forex trading career.



STEP1: learn to plot the charts.
If indeed you truly want to have an enduring forex trading career, there is need for you to learn how to plot charts on all time frames. The type of chart you plot are determined by your trading system and strategy. charts are easier to plot on the metatrader4 trading platform.

STEP2: Understand your set up conditions
These are conditions you need to spot before you enter a trade. This is one area many traders are led astray. A trader has to wait for his or her set up conditions to be met before initiating a trade. Most traders make money and give it all back due to failure or in ability to follow the set up conditions included in there trading system.

STEP3: Know your entry points.
These are price levels which offer high probability entry opportunities with low risk. certain trading tools can be of tremendous help in determining these levels. A good and decent trading system should provide you with these tools.

STEP4: Know and respect using stop loss.
Once you have entered a trade, your first aim should be to protect your account. To do these you need to place stop loss order. Please ignore any trading system that encourages you to trade without stop loss order. A decent system should guide you on the best level to place your stop loss with higher probability of winning the trade, you might also choose to use trailing stop to protect your profit. Trailing stop helps to adjust your stop loss order if the trade is moving in your favour.

STEP 5: know your take profit.
As soon as your trading system generates signal, it should be able to give you the profit potentials of the trade. Please note that guess work is not allowed in trading. Guessing can be very dangerous to any trader. You need to run thorough analysis before accepting take any trade with high probability.

Remember you do not need a perfect trading system to be a successful trader. Adhere to these rules and the trade will be in your favour most of the times. Visit www.forexandoil.blogspot.com for free forex trading signals and education. plus how $5100 was turned to $40,000 without lifting a finger

Send a blank e mail to wealthklub@yahoo.com to Get a free report on a powerful forex trading system that generates an average of 500 pips($5000 on a standard account) monthly plus how $5100 was turned to $40,000 without lifting a finger.

 

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