It is inevitable that everyone is looking for the best big and instant gain through forex. This is possible if you properly follow and use some Forex Trading technique through software.
The first and natural question you might have about this subject is whether a software can actually help you or not achieve the goal of a successful forex trading operation.
The answer to that question is, without a doubt, a big YES. However, to be careful while selecting software as few forex softwares are reliable enough to trust them with your investment.
Now, which is the best forex software?
Before we get to that, you must know that there are basically two types of forex softwares, and which one is the best will be determined not only by its reliability and performance but by you personal situation.
There are forex softwares designed to provide you with trading signals (usually entry and exit points), and there are some of them that really work like a charm, but I personally don't like the fact that you need to be very attentive of what is happening within the forex market in order to take advantage of the good entry points signaled by the software. So achieving consistency with one of these systems is possible, but you have to dedicate some good time during the day, which is fine if you have it to spare, I just don't.
On the other hand, there are forex softwares designed not only to determine the best entry and exit points during a trading session, but also to place the trade orders and close them automatically for you. This means that you can profit all day and all night long without having to do absolutely anything, because in this case the software will do everything.
After having the chance to see first hand how both systems works, my verdict has to go in favor of the fully automated option, because it delivers the same great performance as the best forex trading signal kind of sofware (over 90% winning trades on average), only it goes completely on its own (that my friend is really sweet).
Indeed, if both softwares can deliver the goods, I will go for the one that demands less from me, so the best forex software has to definitely be the fully automated one.
Therefore, if you are thinking about starting a new forex trading operation, or simply want to enhance your current performance within the market by getting the help of the best forex software, I advise you to go for the automated option as this will save you costly mistakes and will increase your chances of catching the best entry points during the day or night, no matter how busy you are.
HOW TO EARN BIG AND REGULAR PROFIT:
US Policy - Decline Economy:
Economy depends on Policy of a country, though whatever it is. Barak Obama recent policy on Afghanistan (while admitting spedning trillion of $ on this so called war on terror). Unemployment is already on rise, global economy is not stable as yet. The 'IMPACT' of this policy would be on US and Global Economy, "long-lasting" in two ways "Positive or Negative" stress would be later. US tax payers and investors were very keen to see somthing different from this indifferent announced policy. I don't want to go into pros and cons of policy. However, it is common presumption that it is based on confusion(divided between peace & war lovers) and would not be as good as American people.
Investors Interest is Gold Not Dollar Now::
Dollar is at decline specially in the Asian Market while gold making new trend. Investors always prefer for those currency or make their investment where they could get better return. Gold as surged to a record high due to which investors pounced on the metal in volatile trade after data showed US employers cut a bigger-than-expected 190,000 jobs in October.
The precious metal hit a record high at $1,100.90 per ounce earlier, having gained more than 30 per cent this year. Dealers also said the market continued to find residual support from the prospect of central bank buying of gold to diversify their reserves.
Country like China where a huge demand of Gold is witnessed are converting its reserve into Gold. Indian tend towards Gold come up this when Indian gets about 200 tones of gold from International Monetary Fund to its Reserve Bank of India for $6.7 billion.
Although the US economy is rebounding from its deepest slump since the 1930s, but gradually and slow. Employers aren’t expected to start adding jobs for several more months. Many are skeptical about the strength and sustainability of the recovery,
The central bank community for the first time in 20 years is possibly going to be a net buyer of gold having been a net seller since 1988. Today the market will also focus on the US jobs data and how the dollar reacts.
Upward trend of Gold is also seen in Pakistan, where gold prices are sky rocketing and gone beyond the reach of general people.
Three ways to make money:
Difficult times often call for desperate and difficult measures to earn that much needed income. With the advent of the internet, earning is no longer as difficult with the availability of various modes to earn tangible income from virtual transactions. Note these tips on how to make money online, and start generating income in no time.
1. Explore your online money-making options.
The internet is a lucrative hub of information that points not always to plain entertainment but also to useful income-related activities. Check the internet for a multitude of money-making options, from online marketing and advertising of your products of other people’s products, to offering writing, editing, graphic, or clerical services. If you are wondering about how to make money from the comfort of your own home, these full time or part time online ventures are perfect for you.
2. Invest on your interest and skills.
If you find yourself more passionate in the sales and marketing aspect of your online activity, pursue it in depth to master the details. Explore related activities. For online content writers, you can also earn from blogs and essays, as well as from other SEO activities.
3. Follow through and expand!
The question of how to make money online will be easily answered once you dedicate yourself in mastering your chosen venture. For affiliate marketers, you can earn more by expanding your site to cater merchants selling a variety of products. You can employ other marketing tools to maximize visitor count and site visibility such having keyword-rich contents and expanded links. Before you know it, you could be your own boss in your affiliate program. These tips on how to make money online are guaranteed to help you earn as much as you can over the internet.
Some techniques about Online Home based jobs:
There are a variety of reasons why it is a good idea to get a work at home data entry job. The corporate job market has many drawbacks so many are making the change to the laid back approach that a work at home job offers. Working at home allows you to work in many different business areas ranging from data entry to transcription and updating data files within a database. In fact working from home is a very exciting prospect since you can take on a variety of project. However, there are other benefits to a work at home job as well.
From the moment you change to a work at home data entry job you will notice a drastic change in your financial status. You may not see a dramatic increase in your income level but you will see a change as your normal living expenses become different. Think of the money you will save in gas for commuting alone. You also won’t have to pay for tire replacement or maintenance on your vehicle. You will also see a reduction in your auto insurance rates
There will always be the same number of hours in a day and week, this will never change. However, when you choose to work from home you are basically getting two to three extra hours each day. No matter how well you plan your day, you are always losing a few hours to commuting each day. When you spend your time working instead of sitting in traffic you will be able to get about a third of your normal day’s work done instead of commuting. Working from home also gives you the opportunity to prioritize all your tasks since you are able to see the whole picture rather than working as just a small segment of the organization.
When you choose to work from home you become your own boss. You can choose which jobs you want to do. You determine which projects to complete now and which can wait while you take a nap. Provided you have the confidence and motivation you can become your own work from home boss and still be able to complete everything you need without outside supervision to complete your work. In the corporate environment many individuals don’t have the good fortune to be on good terms with their supervisor. If this is the case for you, think about how good it would be to be your own boss
The best part of working from home with a data entry job is that you can pick and choose which jobs you want to do. If you have a family engagement you can take the time off for that and not have to worry about approving it with your boss. If you want a week off to just relax you can do that as well. Or if you don’t feel like you want to sleep one night you can get up and complete several projects
Forex Business – All time earning with less risk:
Everyone knows that the Internet is the best place to earn money - and more intelligent. However, many have not grasped the idea or really spent the time and strength to use his right. Forex Company is a unique course that allows you to take this exciting opportunity source of gold on the Internet. It is totally quiet to dispel any claim of making money on the internet as a fad or worse still a trick. But Forex Enterprise is a really true that the plant and machinery damn well too!
Among the many things that came with this wonderful gift, Forex Enterprise offers nothing but investment strategies. These propose the best strategies of the load so talk of putting the currency advantage, less risk! He keeps offering updates of new techniques and tested as a destination are not to stray even among one of the many streams of the benefits described in practice. All you have to do is to chart the progress of the step. It's so unadorned use and will amaze you how valuable it is.
The best part of Forex business approach is that there must be a high-tech nerd for the benefit of thoughts. You do not have to know something about wily web script or Java, but continues to allocating these costs directly about hours, only a few in one day! Included in the package of Forex Enterprise is a web site with accommodation released from where they could be sold over 1000 of the harvest! Since there are over a million of goods better promotion of top label names is quiet to make your website a virtual supermarket!
Everyone knows that the Internet is the best place to earn money - and more intelligent. However, many have not grasped the idea, or too useless time and effort to enforce their order. Forex Company is a unique program that allows you to take this exciting gold mine coal opportunities on the Internet. It is quite clear to dispel any claim of making money on the internet as a fad or shoddier be a trap. But Forex Enterprise is truly a real code that works, and operation of the well!
The inventor of the device of Enterprise Mr. Nick Marks has put her life in research and marketing brains behind this mission seriously. Your ideas can make an opportunity to pioneer multiple streams of income from the benefits of the source category. This online currency trading is traded exclusively in all respects. What weighed heavily on me is the incredible goodness I came to hear testimony of my links and colleagues have used this technique. These relationships are stubborn people and to go ga-ga over Nick's exciting thinking means there must be something it.Yes, Forex Enterprise is simple boldness and with the support of the existence of research and proven strategies that provides the sample is completed and the right of playback compatibility from day one. It is designed to provide results faster, quicker and steadily. Now that is important. Because it is no great divide, if you make money in 15 registration of the union of course, but 2 to 5 years after the line of what is the place? You can see that Nick's currency business operation in a stem long label and therefore really an attractive proposition.
Among the many things that came with this wonderful gift, Forex Enterprise offers play anything at all investment strategies. These strategies offer the best rate of currency substitution so that the park pay-less risk! He keeps offering updates of new techniques and tested so as not to avoid danger lie even among one of the many streams of expropriation in the use indicated. All you have to do just to admire the action step instructions. It's so simple to use and was surprised how it is operating.
FX: means to keep your Nerve Control:
Forex (FX) trading strategies could be a shining light in a bleak outlook right now. In the current financial climate a number of difficult questions need to be answered by novice and experienced traders alike. You need to figure out whether you can survive and prosper in the Great Depression of 2009 - 2012. Good news is out there.
Ask yourself these 4 questions.
Do I want to invest in during this period?
Is any market safe?
Where should I invest?
Could Forex Trading be the answer?
Forex trading and forex trading strategies are the buzz words right now and if you haven't been hearing it a lot you must have been hiding over recent months. Whilst it is a very enticing prospect you have to understand the dangers before you dive head first into this exciting world.
The Forex market is a non-stop cash market where currencies of nations are traded, typically via brokers. Foreign currencies are constantly and simultaneously bought and sold across local and global markets and traders' investments increase or decrease in value based upon currency movements. Foreign exchange market conditions can change at any time in response to real-time events.
The main appeal of employing currency trading strategies to private investors and attractions for short-term Forex trading are:
* 24-hour trading, 5 days a week with non-stop access to global Forex dealers.
* A massive liquid market making it simple to trade most currencies.
* Volatile markets offering profit opportunities.
* Standard instruments for controlling risk exposure.
* You can profit in rising or falling markets.
* Leveraged trading with low margin requirements.
* Many options for zero commission trading.
Forex - short for foreign exchange - is trading where the asset traded is currency. What makes it so unique is that, unlike other financial markets, the forex market trades 24 hours and its daily volume exceeds $1.4 trillion, making it the largest and most liquid market in the world.
This market is extremely attractive because of the high leverage potential. For example, if you put a dollar down, you can control of $100 (so, 1% down). It's obvious why this would be a very interesting proposition, but you must remember that leverage is great when you're making money, but it's tragic when you're losing (you'll lose your money a lot quicker!).
While this sounds exciting, it's not for the faint hearted. Forex trading can be fast and furious. You have to develop a stellar forex trading strategy to prosper. If you're just starting out, unless you have your heart set on trading the forex, I recommend that you prove your trading plan can trade profitability in other non-leveraged markets (such as stocks) before entering this market.
Important: With trading any leveraged product, you are faced with a double-edged sword. On one hand, the leverage will also increase your winning trades; however on the other hand, it will increase your losing trades. The secret to successful trading is to first learn to trade unleveraged markets profitably and then take this system and increase the leverage gradually. In this way you will clearly understand the risks involved and also position yourself for the best possible chance at success. Undergo this strategy and you'll be in a prime position to implement forex trading strategies in the future.
Gold is at record height $1065 at London Market:
The price of gold forged a record high beyond 1,065 dollars an ounce here on Tuesday as the dollar sank against the euro. In late morning trade on the London Bullion Market, gold struck 1,065.65 dollars an ounce, the highest level ever recorded. Gold's latest pinnacle was recorded after the European single currency briefly climbed above 1.48 dollars in earlier foreign exchange trade. A struggling greenback makes the precious metal cheaper for investors holding other currencies, thereby boosting demand, analysts said. Gold, used in jewellery, dentistry and electronics, has struck a series of all-time highs in recent weeks owing to the weak dollar.
FX Trading – Platforms:
FX Trader platforms combine ease of use, unprecedented flexibility and a full suite of professional charting and order management tools, all on a single screen. Best of all, you can use the same User ID and Password to switch between platforms at will, putting you in total control of your trading experience.
View real-time prices in 37 currency pairs and spot gold
Execute market orders with just one mouse click
Track P&L and open positions in real time
Perform technical analysis with our advanced charting tool
Choose from 8 available order types
Access a full suite of proprietary daily and weekly research reports
View up to the minute news headlines and market commentary
FX Borker Program::
Bring the excitement of FX trading to your clients - while you earn a steady stream of compensation for referrals.
As a leading provider of FX trading services, FOREX.com supports a worldwide network of Introducing Brokers, trading billions of dollars in FX trading volume each month. We welcome the opportunity to help you expand your business and maximize the full potential of the FX market.
Diversify your clients' trading with a FX industry leader.
Introduce your clients to a global marketplace. The ability to trade currencies, on a flexible schedule, with access to a deep liquidity pool, flexibility and buying power are benefits investors of all experience levels find very attractive.
Coupled with FOREX dot com's powerful, easy-to-use trading platform, exceptional trader education and personalized customer service, you can feel confident knowing you've partnered with an industry leader
Forex Market live 24 hours:
It is understood fact that FOREX Market never sleeps and live 24 hours. A currency trader may take advantage of all market conditions at any time. There is no waiting for an opening bell. It is a 24-hour, continuous currency exchange that never closes, you can trade whenever you want: morning, noon or night. This is a very big advantage compared to stock trading with limited trading hours. No single entity one can control the market. The Forex market has so many participants that no single entity, not even a central bank, can control the market price for an extended period of time. Even interventions by mighty central banks are becoming increasingly ineffectual and short lived, at the stock market, trade prices can be manipulated by stockbrokers and market makers liquid. This means you can instantaneously buy and sell currencies at any offered market price. You can even set the online trading platform to automatically close your position at your desired profit level (limit order), and/or close a trade if a trade is going against you (stop order). Using a trailing stop can be a powerful tool to maximize your profits. Low transaction costs There are no brokerage commission fees for each FX transaction, for all the major currency pairs, the spread is around 3-5 pips and is the only cost. High Leverage FOREX investors are permitted to trade foreign currencies on a highly leveraged basis which could be up to 100 times their investment. An investment of US $1,000 controls US $100,000 of any particular currency. A small margin deposit can control a much larger total contract value. Trading potential in both rising and falling markets Trading currency allows traders to trade during rising and falling markets. One can just as easily "short" a particular currency as go "long", because currencies trade in "pairs". Thus, when you buy a particular currency, you are actually simultaneously selling the other currency in that particular pair. As the market moves, one of the currencies will increase in value versus the other. Inter-bank market The backbone of the Forex market consists of a global network of dealers. They are mainly major commercial banks that communicate and trade with one another and with their clients through electronic networks and telephones. There are no organized exchanges to serve as a central location to facilitate transactions the way the New York Stock Exchange serves the equity markets
Forex and Internet Marketing:
Have you noticed that when someone's trying to sell you something — such as a system for making money — they always make it look far easier than it is? Let's look at two Internet businesses, almost as diametrically opposed as it's possible to be — Internet Marketing and Forex Currency Trading. You've probably heard the old Internet adage — build a better website and they will come. Well it ain't true! You could put up a site advertising dollars for a dime and they still wouldn't come — because they wouldn't know where to look! Let's look at what you need to have in place in order to build a successful Internet marketing business. First of all, you need a product. If you've been reading the recent Internet marketing blurb you'll know you need a niche product. Actually, the new thing is sub-niche but whatever they call it, you need a product for which there is high demand but low supply. Finding a suitable niche is the hardest part of the whole process but let's say you have a killer product, what else do you need? The List. Ask any Internet marketeer and they will say that the most important part of your business is your opt-in list. For people to join your list you usually have to give them something of value such as a free eBook or report on a subject related to your main product line. To keep them interested, you need to keep in touch with them offering them additional information, advice and tips. Website. To promote your opt-in list you need a website (although there are other ways of promoting your list, too) with features that will encourage people to sign up to your list. You also need a killer website with killer copy to describe — and sell — your killer product. This may or may not be the same as the one you use for your opt-in list. Killer copy. Maybe you're not a good copywriter. There are many eBooks on the subject that can help you or you can pay someone to write copy for you. You need a domain name, preferably one with some relation to the product but good domain names are becoming increasing difficult to find. Ads. To get people to visit your website in the first place you need to register it with the search engines. SEO (Search Engine Optimisation) is an art in itself. You can mug up on the subject or pay someone to do the job for you (but be aware that not all experts are!). You might also want to place ads for your list in newsletters and ezines. The better ones will charge you although you might get a free ad in return for an article. Autoresponder. To automate your business you need an autoresponder. These clever devices automatically send emails to everyone on your opt-in list at predetermined intervals, and contain predetermined copy. For example, you could create a series of emails containing, say, five parts of a free course to be sent one a day over the first five days. Then emails would be sent once a week advertising a different product each time. Whenever anyone signs up to your list they automatically start at the beginning so everyone gets the full cycle of marketing material. We haven't even looked at affiliate sales and marketing but I'm sure you get the picture. The basic idea of selling over the Internet sounds good but there's a lot more to it than most people realise. Forex Currency Trading Someone said that trading is the last frontier, the last place where men and women can stand up and pit themselves against the world. It sounds very Wild Westish but most of it is true! You win or lose entirely by your own efforts and if you win, it's like having your very own bank. However, even owning a bank is a business and you still have to work hard to put the money there — and to keep it! Unlike Internet marketing where all your efforts, in one form or another, are geared towards making people join your list and then selling them stuff, Currency Trading has no customers. That's worth repeating — with currency trading, you don't need customers. No customers means you don't need any of the associated accoutrements that go with Internet marketing such as: Products Web site Domain name Opt-in list Ads eBooks and reports Autoresponder Any other marketing aids So far so good, but what do you have to do and what do you need? Well, you need to know what currency prices are doing. You can get a list of prices at the close of each trading day free from many web sites. If you want to trade during the day — intraday trading, you can get real-time prices for a nominal fee from several data suppliers. In the foreign exchange currency market, commonly called forex, you can get this data and charting software free from many web sites. Okay, that's the easy bit. In order to trade currencies, you need to analyse the data and determine which way price is heading. In other words you need a system and this will require study and dedication. There's lots of other stuff you have to know, too — trading terminology, margin, leverage, money management, order types, trader psychology and more. But all of this is available in eBooks and courses and on the Net. You also need some money upfront to fund your trading account. With forex you can begin with as little as $300-500 although you would be advised to start with more. So while you don't have the ongoing quest for new customers, new products and inventive sales techniques, you do need some sort of education or training before you begin and you need discipline while you're trading. For more information on getting started with forex currency trading, go to: www.webkept.com Making money takes work whether it's online or off. Make sure you know what's involved before you start and remember that the more you put into a business, the easier it gets.
Making online money: Not far away now:
The 1st way to pick up some quick cash is to write articles and sell them. The Internet is run by content. Every site out there is hungry for content. If you can put together an English sentence, you can write articles. The number of topics you can write on are virtually unlimited. All you need to do is concentrate on something that you're interested and write about 400 to 600 words on it, depending on the requirements of the site, and you can earn anywhere from $3 to $200 per article, depending on the demand for that topic and the site you write for. Most places will make payment within two weeks.Another way to earn some quick cash online is to freelance at a place like Elance.com. Depending on what your skill is, you can make a quick killing by outsourcing yourself out to somebody looking for something to be done. Maybe you're a programmer. You can offer to do a simple programming job for somebody looking for a simple job. Maybe your skill is proofreading. If somebody is looking for a person to proofread their manuscript, you can make a quick few bucks doing that. Payment can be made to your PayPal account and again, just like with Ebay, you can have that money in your bank account within a few business days.
TIPS FOR FX DAY TRADING::
With the FX day trading market capturing the attention of people all around the world it is very important that you learn a few key tips to help you ensure that you are properly on your way towards getting the results that you are after. Simply jumping into the market is not likely to give you the results desired and instead will leave you frustrated. Following these five simple tips will help you to ensure you get the best results possible from all of your Foreign exchange trading transactions.Stick to pairs – This is a golden rule of thumb. While of course you can trade the currencies across each other without penalty, it is a wise idea to limit the currencies that you deal with. Even better to restrict them to pairs that you can easily compare to each other. Of course you can compare the USD to all of the other currencies if you are looking to engage in a new transaction, but if you are considering all of the currency choices available it might take you hours to pick one which could still turn wrong. It is much better instead to choose a pair that you always use together. For example, you could do pairs involving the USD and the GBP with another pair consisting of CAD and AUD. By always trading within these pairs, you are going to significantly decrease the amount of information you need to review for each trade.Never make a trade without research – The main reason why many traders were not successful in FX is that their attention is centered on the incorrect information of coming up with their trading decisions. They practically tend to forget the most relevant aspect, the price behavior. The technical indicators are found mainly in almost all FX day trading systems. Taking a couple of minutes for some quick research is not that difficult and if you are trading in pairs as mentioned in the previous tip you will find that it is quite easy and fast to do.Plan your strategy out – If you were going to build a house and expect it to stand you would do plenty of research to get ready then you would spend a bit of time trying to ensure that you have all of the materials, knowledge and people necessary to be successful. This is a strategy for building a house and in a similar manner; you need a strategy for Currency trade. Diving in is never a good idea for anything and FX is certainly not any different. Finding true success means having a specific goal in mind, what do you really want from the market? Are you looking to buy a car? Are you looking to fund your retirement? Are you even looking to become the richest person in the world? You need to know where you are trying to go so that you can set up a strategy that you stick to without fail.The correct mindset is one of the biggest things that is required in order to be secure while engaging in transactions in FX trading. Knowing what the major problems tend to be and working diligently to avoid them will help you to ensure you get on track properly. (Source:http://forextrainingblog.info/)
US jobs figures – Asian Market:
Asian markets jumped on Monday, lifted by better than expected jobs figures out of the United States and stronger Japanese data, boosting hopes the recession-hit economies were on the mend. Data on Friday in the US showed unemployment had fallen 0.1 percentage point to 9.4 percent in July as President Barack Obama's multi-billion-dollar stimulus plan kicks in. The figures sent the Dow Jones Industrial Average up 1.23 percent to its highest for more than nine months. On Monday the US news -- combined with reports showing Japan's current account surplus growing for the first time in 16 months in June and core machinery orders rebounding sharply -- lifted traders. Hong Kong led the rally, adding 2.72 percent, while Tokyo rose 1.08 percent, Sydney 0.11 percent and Taiwan 0.21 percent. However, China edged lower on continuing fears that banks will slash lending in the second half of the year. Singapore was closed for a public holiday. TOKYO: Up 1.08 percent. The Nikkei-225 gained 112.17 points to 10,524.26. Prices are at their highest since October 3 as investors cheered a weaker yen and signs of an improvement in the US and Japanese economies. Merger and acquisition speculation also stirred investors' interest, after the Nikkei business daily reported that Mitsubishi Chemical Holdings is planning to acquire plastics company Mitsubishi Rayon. Mitsubishi Rayon shares leapt 20 percent to 327 yen and Mitsubishi Chemical gained 4.7 percent to 443 yen. Auto and electronic makers were boosted by the weaker yen, which is good for exporters. Honda Motor jumped 3.5 percent to 3,210 yen and Sony added 3.2 percent to 2,780 yen. Daiichi Sankyo rose 2.7 percent to 1,818 yen after it said clinical studies of a new influenza drug that it co-owns had been successful. HONG KONG: Up 2.72 percent. The Hang Seng Index rose 554.15 points to 20,929.52. The market reached its highest since August 29, when it ended at 21,261. Traders said they expect ample liquidity to continue supporting the index in the near term. Heavyweight China Mobile led the domestic market rally on mainland listing hopes. It rose 3.4 percent to 91.55 dollars after the Oriental Daily reported the company will very likely list in Shanghai next year. Chinese Premier Wen Jiabao's affirmation over the weekend that the country will maintain its active fiscal policy and moderately loose monetary policy also boosted the local market. China Construction Bank rose 4.0 percent to 5.98 dollars and Industrial & Commercial Bank of China gained 3.1 percent to 5.27 dollars. SYDNEY: Up 0.11 percent. The S&P/ASX 200 closed up 4.7 points or 0.11 percent at 4,304.1. Austock Securities senior client adviser Michael Heffernan said it was a disappointing performance after a rally of more than five percent in the past two weeks. "We opened with gusto on the back of overseas markets and commodity prices but then we ran out of puff," he said. On Monday Fortescue announced a full-year profit of 508 million US dollars, turning around a 771.8 million US loss a year earlier. It closed down 25 cents or 5.67 percent at 4.16 dollars. Rio Tinto fell 2.02 dollars to 58.55 and BHP Billiton lost 24 cents to 37.76. Commonwealth fell 61 cents to 43.84 and Westpac was down 17 cents at 22.66. Telstra rose six cents to 3.58 dollars. BHP Billiton and Telstra will post their results later this week. SHANGHAI: Down 0.34 percent. The Shanghai Composite Index, which covers A and B shares, was down 10.93 points at 3,249.76. Banks and property developers led the fall amid concerns over future credit availability. Premier Wen Jiabao said China would maintain its current macroeconomic policy stance, including proactive fiscal policy and moderately loose monetary policy, according to a statement published Sunday. But, unlike in Hong Kong, his affirmation failed to quell worries. "Investors shrugged off Wen's remark because the growth in new yuan loans in the remaining months... will surely slow down," Central China Securities analyst Zhang Gang said (Source FP,Peshawar)
Forex staring Basics:
In order to become an adequate participant on FOREX market – professional trader, it is necessary to cover inevitable stages and get skills and knowledge, which are essential for working on FOREX, in process.To be a novice trader – does not mean to incur losses. Owing to the fact that the accounts of Insta Forex do not have limits to the volume of minimal lot, you can start working with any sum, having the opportunity to reduce risks. With increase of your confidence you enlarge the volume of trading operations, increasing risks and the opportunity to get higher profit.3Steps of Forex Market1 Step. Training on DEMO-account.Every person can open DEMO-account and learn how to operate the trading terminal and trading strategies for unlimited period of time and absolutely free. Even without having any idea about FOREX market you can try yourself as a trader, opening a DEMO-account. In spite of the fact that all deals on DEMO-accounts are virtual and are not put on FOREX, you have the full copy of all terms and conditions as the are on the live accounts. On the DEMO-account you can complete deals as well as you would do on the real account .Doesn’t matter how many questions you have – you can try to answer them using the DEMO-account, without any risks and having the opportunity to open unlimited quantity of such accounts totally free. Moreover, 24/5 support department is available by ICQ, chat, telephone or e-mail.2 Step. Trading on the live account.Having got the hand in working with terminal and learning the main trading strategies, you can try yourself on the real account, limiting your risks. Owing to the absence of limits on minimal deal’s volume you can trade according to the principle “risk=profit”, when you define the volume of your investments. The work on the live account lets you to understand and learn more in comparison with DEMO-account, doesn’t matter how serious you take the virtual trading. Working with real, even minimal funds, you start to feel the connection between your profit and currency movements. This experience is very important for raising to the next level of trader’s development.3 Step. Professional work.After having got all necessary knowledge, trader is able to work independently on the currency market, using his own or borrowed trading strategies for getting profit on currency movements. Professional trader indicates the style of his trading and chooses trading tools which are more suitable for his strategy. Not all the new coming traders are able to reach this level, but InstaForex company guaranties that our team bends every effort in order to help every client to go forward and get the full support when any problems exist.
CURRENCY FLUCTUATION::
There are certain things involved in it; these include:
(a)economic policy, disseminated by government agencies and central banks;
(b)economic conditions, generally revealed through economic reports, and other economic indicators.Economic policy comprises government fiscal policy (budget/spending practices) and monetary policy (the means by which a government's central bank influences the supply and "cost" of money, which is reflected by the level of interest rates).
Economic conditions include:Government budget deficits or surplusesThe market usually reacts negatively to widening government budget deficits, and positively to narrowing budget deficits. The impact is reflected in the value of a country's currency.Balance of trade levels and trendsThe trade flow between countries illustrates the demand for goods and services, which in turn indicates demand for a country's currency to conduct trade. Surpluses and deficits in trade of goods and services reflect the competitiveness of a nation's economy. For example, trade deficits may have a negative impact on a nation's currency.Inflation levels and trendsTypically a currency will lose value if there is a high level of inflation in the country or if inflation levels are perceived to be rising [. This is because inflation erodes purchasing power, thus demand, for that particular currency. However, a currency may sometimes strengthen when inflation rises because of expectations that the central bank will raise short-term interest rates to combat rising inflation.Economic growth and healthReports such as GDP, employment levels, retail sales, capacity utilization and others, detail the levels of a country's economic growth and health. Generally, the more healthy and robust a country's economy, the better its currency will perform, and the more demand for it there will be.Productivity of an economyIncreasing productivity in an economy should positively influence the value of its currency. It affects are more prominent if the increase is in the traded sector
FOREX INTEREST RATES:
The World’s Central Bank sets the interest rates which are widely used in the Forex trading. Their changes are monitored by the traders and investors because the interest rates determine the fundamental value of the currencies. It’s important for every Forex trader to understand the impact of the interest rates on the currencies he trades on. It’s easy to find the interest rate table to know their latest values, but how to interpret them?
In general, the higher the interest rate associated with the currency is, the better it’s for that currency. Higher interest rates attract investors, because they offer a higher yield. Forex traders prefer buying high-interest currencies versus the low-interest ones to gain the difference yield (such trading technique is called carry trade).
On the other hand, the lower interest rates are usually more popular among the traders when the global volatility rises and the world’s financial system experiences problems. The current financial crisis shows that the currencies with the lower yield are the favorites, because they are less risky than he high-yielding ones.
Therefore, what to do and how to react on the interest rates? The volatility index (VIX) is a good tool to measure the global interest rates preference. If it’s below the «normal» level of 30%, the high interest rates act as the attractors and the currencies that have high yield grow. If the index jumps up above that level, the traders prefer to move into the less risky assets and the low interest rate currencies gain.
ONLINE FOREX AND ONLINE EARNINGS:
Today we look at the Online earning. It is same and like Forex. The only difference is here that you have to work instead of investing money. But don’t forget it is also huge market and there are number of ways to earn online. First one is to pick up some quick cash is to write articles and sell them. The Internet is run by content. Every site out there is hungry for content. If you can put together an English sentence, you can write articles. The number of topics you can write on are virtually unlimited. All you need to do is concentrate on something that you're interested and write about 400 to 600 words on it, depending on the requirements of the site, and you can earn anywhere from $3 to $200 per article, depending on the demand for that topic and the site you write for. Most places will make payment within two weeks.Another way to earn some quick cash online is to freelance at a place like Elance.com. Depending on what your skill is, you can make a quick killing by outsourcing yourself out to somebody looking for something to be done. Maybe you're a programmer. You can offer to do a simple programming job for somebody looking for a simple job. Maybe your skill is proofreading. If somebody is looking for a person to proofread their manuscript, you can make a quick few bucks doing that. Payment can be made to your PayPal account and again, just like with Ebay, you can have that money in your bank account within a few business days. Another and very important role of Google itself which very popular engaging people online.
Stock Exchange Trading:
The stock markets are pretty unpredictable. One minute you could be excited and encouraged thanks to the fact that the stocks you invested in are booming, and the next you could be broken because the bull run reversed and the stock fell even lower than it started.Obviously, a profit or a loss is calculated by comparing the prices of purchase and sales of the stocks.Stock exchange trades usually are done in the day. This is because of the assumption that it is during the day, that most of the big companies around the world normally conduct business transactions.As the saying goes, a work day cant ever be too long for stock trades. It is a common feeling that a work day is too short to negotiate all trades you wished to.Stock trade transactionsPrior to the purchase and sale of stocks,one is expected to do some homework, meaning do some background checks on the companies you are planning to invest into.The choice is solely yours, where you put your money in, or if you take out investment from a particular stock. Make sure you have a well thought out decision because your profits of commercial transactions.
FOREIGN EXCHNGE RATE:
IN FINANCE, the exchange rates (also known as the foreign-exchange rate, FOREX rate or FX rate) between two currencies specifies how much one currency is worth in terms of the other. For example an exchange rate of 102 Japanese yen (JPY, ¥) to the United States dollar (USD, $) means that JPY 102 is worth the same as USD 1. The foreign exchange market is one of the largest markets in the world. By some estimates, about 3.2 trillion USD worth of currency changes hands every day.The spot exchange rate refers to the current exchange rate. The forward exchange rate refers to an exchange rate that is quoted and traded today but for delivery and payment on a specific future date.Quotation.An exchange system quotation is given by stating the number of units of "term currency" (or "price currency" or "quote currency") that can be bought in terms of 1 "unit currency" (also called "base currency"). For example, in a quotation that says the EURUSD exchange rate is 1.4320 (1.4320 USD per EUR), the term currency is USD and the base currency is EUR.There is a market convention that determines which is the base currency and which is the term currency. In most parts of the world, the order is: EUR – GBP – AUD – NZD – USD – others. Thus if you are doing a conversion from EUR into AUD, EUR is the base currency, AUD is the term currency and the exchange rate tells you how many Australian dollars you would pay or receive for 1 euro. Cyprus and Malta which were quoted as the base to the USD and others were recently removed from this list when they joined the euro. In some areas of Europe and in the non-professional market in the UK, EUR and GBP are reversed so that GBP is quoted as the base currency to the euro. In order to determine which is the base currency where both currencies are not listed (i.e. both are "other"), market convention is to use the base currency which gives an exchange rate greater than 1.000. This avoids rounding issues and exchange rates being quoted to more than 4 decimal places. There are some exceptions to this rule e.g. the Japanese often quote their currency as the base to other currencies.Quotes using a country's home currency as the price currency (e.g., EUR 1.00 = USD 1.58) are known as direct quotation or price quotation (from that country's perspective) [1] and are used by most countries.Quotes using a country's home currency as the unit currency (e.g., AUD 0.97 = USD 1.00) are known as indirect quotation or quantity quotation and are used in British newspapers and are also common in Australia, New Zealand and the euro zone.direct quotation: 1 foreign currency unit = x home currency unitsindirect quotation: 1 home currency unit = x foreign currency unitsNote that, using direct quotation, if the home currency is strengthening (i.e., appreciating, or becoming more valuable) then the exchange rate number decreases. Conversely if the foreign currency is strengthening, the exchange rate number increases and the home currency is depreciating.When looking at a currency pair such as EURUSD, the first component (EUR in this case) will be called the base currency. The second is called the term currency. For example : EURUSD = 1.5877, means EUR is the base and USD the term, so 1 EUR = USD 1.5877.Market convention from the early 1980s to 2006 was that most currency pairs were quoted to 4 decimal places for spot transactions and up to 6 decimal places for forward outrights or swaps. (The fourth decimal place is usually referred to as a "pip.") An exception to this was exchange rates with a value of less than 1.000 which were usually quoted to 5 or 6 decimal places. Although there is no fixed rule, exchange rates with a value greater than around 20 were usually quoted to 3 decimal places and currencies with a value greater than 80 were quoted to 2 decimal places. Currencies over 5000 were usually quoted with no decimal places (e.g. the former Turkish Lira). e.g. (GBPOMR : 0.765432 - EURUSD : 1.5877 - GBPBEF : 58.234 - EURJPY : 165.29). In other words, quotes are given with 5 digits. Where rates are below 1, quotes frequently include 5 decimal places.In 2006 Barclays Capital broke with convention by offering spot exchange rates with 5 or 6 decimal places. The contraction of spreads (the difference between the bid and offer rates) arguably necessitated finer pricing and gave the banks the ability to try and win transaction on multibank trading platforms where all banks may otherwise have been quoting the same price. A number of other banks have now followed this.
Forex Account Performance Versus Real Account Performance:
Over the past several years, the popularity of online currency trading has grown substantially. Each day, online FX brokerage firms attract new investors - each of them lining up with a glint in their eye, lured in by promises of easy money. Most of these companies allow you to sign up for a free demo account which lets you place mock trades using their trading platform to get a feel for the excitement of currency trading. In the casual world of free demo accounts - many young traders find they are able to garner impressive profits without a significant amount of effort. It almost seems too good to be true. But transferring this success from a demo account to a real account is far less common. Why is this? The actual trading platform behaves the exact same way, the market doesn't care whether you're a demo or real trader - so what is different? It's you who has changed. Not your personality, not even your trading style - but the factors that affect you are different. What is the key factor to trading success? The search for the "Holy Grail" of trading has been a common theme throughout the history of markets. There are a variety of different techniques. Those whom are inclined towards number crunching and pattern recognition may prefer technical analysis, whereas those more focused on the big picture, logical macro perspective prefer fundamental analysis. Then there are specific methodologies like swing trading, trend following or even more esoteric ideas like the Elliot Wave theory. Which one is best? There are examples of very successful traders using each methodology.
FOREX success with Step by Step::
Choose an online Forex FirmWhat to look for in an online Forex Firm:
Low Spreads:
In Forex Trading the ‘spread’ is the difference between the buy andsell price of any given currency pair. The lower the spread savesthe trader money. Most firms offer 4-5 pip spreads in the MajorCurrency pairs. The best firms offer clients 3-5 pips.
Low minimum account openings:
For those that are new to trading, and for those that don’t havethousands of dollars in risk capital to trade, being able to open amini trading account with only $200 is a great feature for newtraders.
Instant automatic execution of your orders:This is very important when choosing a Forex firm. You want instantexecution of your orders and the price you see and ‘click’ is the pricethat you should get. Don’t settle with a firm that re-quotes you whenyou click on a price or a firm that allows for price ‘slippage’. This isvery important when trading for small profits.
Free charting and technical analysis:
You need a firm that gives you access to the best charting and technicalanalysis available to active traders. The firm that I recommend givesclients FREE professional charting services and even allows traders totrade directly on the charts!
High Leverage:
You want high leverage—the ability to trade a large amount with a smallmargin deposit. Some of the best firms offer .25% or 400:1 leverage.
Hedging Capability:
You want the flexibility of opening positions on the same currency pair inopposite directions without them eliminating each other and withoutmargin increase!
Basics of Forex Trading::
What Currencies to by or Sell::
There are two general approaches to understanding the markets, including the Forex market. The first - technical analysis - focuses on price patterns and uses charting tools to discover them. The second - fundamental analysis - regards price behavior as a product of economic and political events.
Some news from the Market::
Forex : Trade Pairs not currencies::
Why do hundreds of thousands online traders and investors trade the forex market every day, and how do they make money doing it?This two-part report clearly and simply details essential tips on how to avoid typical pitfalls and start making more money in your forex trading. Trade pairs, not currencies - Like any relationship, you have to know both sides. Success or failure in forex trading depends upon being right about both currencies and how they impact one another, not just one.
Knowledge is Power - When starting out trading forex online, it is essential that you understand the basics of this market if you want to make the most of your investments. The main forex influencer is global news and events. For example, say an ECB statement is released on European interest rates which typically will cause a flurry of activity. Most newcomers react violently to news like this and close their positions and subsequently miss out on some of the best trading opportunities by waiting until the market calms down. The potential in the forex market is in the volatility, not in its tranquility.
World Stocks Market - Recovery Clue::
European stock markets fell modestly Tuesday ahead of an expected subdued open on Wall Street as investors awaited key data later this week for more clues about the speed of any potential recovery. The FTSE 100 index of leading British shares was down 12.49 points, or 0.3 percent, at 4,281.54 while France's CAC-40 fell 7.93 points, or 0.3 percent, at 3,185.75. Germany's DAX was 9.20 points, or 0.2 percent, higher at 4,875.89. The relatively lackluster tone was expected to continue at the U.S. open, with Dow futures up only 9 points, or 0.1 percent, at 8,467 while the broader Standard & Poor's 500 futures rose 1.5 point, or 0.2 percent, to 922.70. "There seems to be a distinct lack of conviction in either direction for traders at the moment and low volatility is the order of the day," said Anthony Grech, market analyst at IG Index. Investors were bracing themselves for volatility later as Tuesday marks the last day of the month, quarter and half-year. The coincidence of these fiscal period ends can create volatility as investors book profits, stake out new positions or alter their hedging strategies. "The month and quarter-end could also see many traders out there looking to book whatever profits they can, again reigning in the upside potential," said Matt Buckland, a dealer at CMC Markets. During June, stock markets in the developed world gave up around 5 percent of the gains that they had made since March and investors will be looking to see if this week's economic data can boost sentiment and renew the rally. Looking ahead, Thursday is at the forefront of investors' attention as it brings the European Central Bank's latest interest late decision and the closely watched U.S. non-farm payrolls. Analysts expect June's U.S. unemployment rate to rise around 0.3 of a percentage point to 9.7 percent — President Barack Obama has warned that it will top 10 percent in the coming months. Equities rose from the middle of March until the start of June on hopes that the U.S. economy in particular will recover from recession sooner than anticipated. Many investors saw fallen stocks as cheap and started buying into the market. However, a run of downbeat economic news brought an abrupt end to the rally and altered the general mood prevailing among investors. Tuesday's news that the recession in Britain is even deeper than previously thought did little to alter the prevailing view in the markets that any recovery around the world will be a long, hard slog. The U.K. office for National Statistics said gross domestic product fell 2.4 percent in the first quarter from the previous three month period, way more than the previous prediction of a 1.9 percent decline. Renewed strength in oil prices, which powered to eight-month highs above $73 a barrel for a brief while, is considered a potential brake on economic recovery. Though higher oil prices can boost the earnings of oil companies, they have the capacity to rein in any recovery in consumer spending and stoke inflationary pressures. By early afternoon London time, benchmark crude oil for August deliver was up 16 cents to $71.65 a barrel. So far, however, falling prices remain at the forefront of central bankers' concerns. Figures earlier showed that prices in the 16 countries that use the euro fell 0.1 percent in the year to June, the first negative inflation rate in at least a decade. In Asia, Japan's Nikkei 225 rose 174.97 points, or 1.8 percent, to 9,958.44, while Hong Kong's Hang Seng reversed early gains to close down 149.78, or 0.8 percent, at 18,378.73. Elsewhere in Asia,South Korea's Kospi inched up 0.1 percent to 1,390.07 while Australia's benchmark rose 1.8 percent, Singapore's market gained 0.4 percent but China's Shanghai index dropped 0.5 percent Meanwhile, the dollar fell 0.3 percent to 95.80 yen while the euro gained 0.5 percent to $1.4145.(Note: FP Peshawar)
Boost for Europeon Market::
DEATH OF A POP MUSIC LEGEND: (1958-2009):
Forex Trading via Brokers:
Main objective of FOREX trading is to exchange currency one for another with a view the price will change and currency you bought will increase in value compared to the one you sold. Before forex trading you need a Broker. A broker is an individual or may be a company that buys and sells orders as per traders directions. Most Brokers offer small mini accounts. These accounts are a great way to get started and test your trading skills and gain experience. They concentrated in the Forex market and are allowed to set their own fees and rate schedules. You’ll need to ask your dealer how much money it’s going to cost you initially.Many dealers will require a security deposit (a “margin”) to cover future transaction fees. When you choose a prospective Forex broker, should be aware of CFTC registration & NFA membership of a broker and must be make sure that you look over the fees and schedules carefully before you deposit any money. It is important to understand your broker’s capabilities, as well, before handling any transactions through their firm. For verification of a particular brokers visit www.nfa.futures.org/basicnet/.
These are just a few basic facts about the Forex market to get you started. Trading foreign currencies can be an exhilarating experience when you’ve begun making money, but it is important to get an education before you start out. This website has a wealth of information for the new Forex trader, including tips and strategies. It is highly encouraged that you read up to explore the possibilities of trading in a worldwide environment.
FOREX TRADING - FACTS::
FOREX — the foreign exchange (currency or forex, or FX) market is the most liquid financial market with the daily volume of more than $3.2 trillion. Trading on this market involves buying and selling world currencies taking the profit from the exchange rates difference. Forex trading can yield high profits, but it is also very risky. Everyone can participate in Forex trading via the Forex brokers.Forex trading is nothing more than direct access trading of different types of foreign currencies. In the past, foreign exchange trading was mostly limited to large banks and institutional traders. However recent technological advancements have made it so that small traders can also take advantage of the many benefits of forex trading just by using the various online trading platforms to trade. The currencies of the world are on a floating exchange rate, and they are always traded in pairs. About 85 percent of all daily transactions involve trading of the major currencies. Four major currency pairs are usually used for investment purposes. They are: Euro against US dollar (EUR/USD), US dollar against Japanese yen (USD/JPY), British pound against US dollar (GBP/USD) and US dollar against Swiss franc (USD/CHF). If you think one currency will appreciate against another, you may exchange that second currency for the first one and be able to "stay" in it. If everything goes as you plan it, eventually you may be able to make the opposite deal in that you may exchange this first currency back for that other and then collect profits from it. As a note bear in mind that no dividends are paid on currencies. Transactions on the FOREX market are performed by dealers at major banks or FOREX brokerage companies. FOREX is a necessary part of the worldwide market, so when you are sleeping in the comfort of your bed, the dealers in Europe are trading currencies with their Japanese counterparts. Therefore, the FOREX market is active 24 hours a day and dealers at major institutions are working 24/7 in three different shifts. Clients may place take-profit and stop-loss orders with brokers for overnight execution. Price movements on the FOREX market are very smooth and without the gaps that you face almost every morning on the stock market. The daily turnover on the FOREX market is somewhere around $1.2 trillion, so a new investor can enter and exit positions without any problems. The fact is that the FOREX market never stops; even on September 11, 2001 you could still get your hands on two-side quotes on currencies. The currency market is the largest and oldest financial market in the world. It is also called the foreign exchange market or FX market for short. It is the biggest and most liquid market in the world, and it is traded mostly through the 24 hour-a-day inter-bank currency market. When you compare them, you will see that the currency futures market is only one per cent as big. Unlike the futures and stock markets, trading currencies is not centered on an exchange. Trading moves from major banking centers of the U.S. to Australia and New Zealand, to the Far East, to Europe and finally back to the U.S. it is truly a full circle trading game. In the past, the forex inter-bank market was not available to small speculators because of the large minimum transaction sizes and strict financial requirements. Banks, major currency dealers and sometimes even very large speculator were the principal dealers. Only they were able to take advantage of the currency market's fantastic liquidity and strong trending nature of many of the world's primary currency exchange rates. Today, foreign exchange market brokers are able to break down the larger sized inter-bank units, and offer small traders like you and me the opportunity to buy or sell any number of these smaller units. These brokers give any size trader, including individual speculators or smaller companies, the option to trade at the same rates and price movements as the big players who once dominated the market.(David Morrison)
FOREX – FOREX AND FOREX::
Thanks God Pakistan won Twenty-Twenty Tournament played today at Lords, London. Before start of my post I must appreciate and acknowledge their efforts and congratulate to all Pakistani and cricket lovers on this victory. :: FOREX market consists of a global network of dealers. Forex trading system of this world performs trade of about $2 trillion each day. The enormity of the gigantic financial capacity of the forex trade can be truly grasped if you compare this mammoth amount to the $25 billion that New York Stock Exchange trader's trade per day.
.The quintessential qualities of a forex trader are discipline and endeavor. If you are diligent and logical in studying the forex market trends then it wouldn't take you much time to hit the jackpot in Forex trade. However, if you cannot manually manage to analyze all the currency trends yourself then you might take the help of a automatic signal service or a forex trading software which would send you alerts and signals about buying and selling currency after elaborate research and analysis. .If you use one of the automated Forex tools available in the market then you would be able to evaluate the trends of exchange rates and forex market conditions within a few minutes with the help of the data provided by your FX software. As a result you will be able to close your forex deal in less than an hour. Thus an automated forex tool would ensure that you are making optimum use of your trading time. .The global forex trading market is only merely remarkable because of the huge volume of monetary transactions that happens through it but it is also a commendable phenomenon due to its geographical dispersion. With the help of automated FX software you can trade in various local as well as international forex markets within different time zones without personally monitoring those various markets day in and day out..However, before you decide to buy particular FX software, you need to put in a little effort to search for a forex tool which is easy to use and is ideal for beginners. Glean information about that particular forex tool which you plan to buy and thoroughly read the testimonials for that particular forex trading software before you purchase it. If you really want to test the accuracy of your Forex trading robot then you must try to find forex trading software which has the ability to paper trade too, to see its return.
Tax on SMS Good or Bad:
Although cell phone operators and subscribers may not be happy over the announcement of introducing 20 paisa tax per on SMS in budget 2009-10.
In the past, this sector flourished due to some good measures like reduction of GST from 21% to 19%, the reduction of Rs.250 on the import of mobile handsets as well as the reduction of activation tax by Rs.250. The companies have appreciated the government’s announcement to reduce SIM activation tax to Rs.250 from Rs.500, but are not quite satisfied with the cut in GST which was not reduced according to their demand to 16 per cent. The industry sees no benefit from present reduction in activation tax since the industry has already reached its maturity and hence the addition of new subscribers has greatly reduced.
Telecom industry is one of the major source of revenues for the government with annual contribution by the industry in the form of taxes is around Rs.65 billion.
Generally, official believes that industries providing basic services to the people are taxed lower then the general public but things are totally opposite here.
The total subscriber stands at 92 million i.e around 60% penetration ratio. It is not expected to go much higher than this and hence the reduction in activation tax will not be a major benefit to the industry. The reduction in taxes on the import of handsets will also not make any big difference since 90% of the cell phones are imported in the country through illegal channels. The illegal import witnessed a major increase last year when the government introduced a straight tax of Rs750 on all the handsets imported in the country. Therefore, the reduction in the handset tax will only result in decreasing the illegal import of handsets and will not contribute much to the exchequer.
Now lets move to the new taxes imposed on cellular industry in the budget 2009-2010 where the government introduced a very innovative tax of Rs.0.2 per Short
Messaging Service (SMS). Generally around 40 billion SMS are sent in Pakistan every year by the subscriber of cellular phones. With a tax of Rs.0.2 per SMS, the government expects to earn Rs.8 billion per annum.
The imposition of this new tax will discourage the users from using such an important mode of communication.
Since bulk SMS deals will become very difficult to operate, the telecom industry is expected to curtail them from the current levels. This will further result in decrease in the SMS usage and hence reduce the revenue generation for the government. Subscribers are wondering why the companies in Pakistan have offered free SMS packages by paying few rupees whether the sector was being facilitated through imposition of tax on each SMS. Similarly, imposition of a further turnover tax of 0.5% is another move beyond the understanding of common sense. If that was not enough, even a new tax has been imposed on the advertising sector which will pass it on to the customers. Since telecom industry is one major customer of all big advertising companies of Pakistan, it will also have a serious negative impact on the advertisement spend of the cellular industry which directly and indirectly employs hundreds of thousand of people.
Now it is not sure that heavy usage of SMS by the subscribers and with this tax in place, there would be decrease in number of SMS sent in billions per year. Some serious users are happy over this tax, as in their view this is a relief those inboxes filled with unknown and bogus sms (NB: FP.PR.)
Dollar Down - Oil Up:
On Wednesday, the dollar remained under pressure in Asian trade market, shifting logical impact on oil which above 70 dollars in Asia after volatile trade overnight sparked by a weakening US dollar and political unrest in key crude producers Iran and Nigeria. By the lunch dollar fell to 96.37 yen in Tokyo Market from 96.42 in New York late Tuesday. The euro also dropped to 1.3825 dollars from 1.3838 and to 133.25 yen from 133.45. However, Forex dealers expect Japanese yen will likely remain strong in Asian hours. The dollar lost ground overnight in New York after leaders from the world's top emerging economies delivered a warning shot on the domination of the US dollar as their new forum flexed its muscle at a first summit. Analysts see this soared due to political unrest following the presidential elections in Iran and bombing attacks on oil plants in Nigeria represent an explosive mix for the oil market. The leaders of the so-called BRIC nations -- Brazil, Russia, India and China -- called for a "more diversified" currency system after a meeting that came as talk continues over the dollar's future as the global reserve unit. In Tokyo morning trade the dollar briefly dipped below 96 yen for the first time in about two weeks, also driven down by struggling US share prices. The European single currency also dropped against the yen on growing risk aversion which encourages buying of the safe-haven Japanese currency. The euro is however, unwinding against the yen, after the Japanese currency was earlier sold off. For the longer term, this trend of buying the yen over the greenback may not last. Investors are buying the currency with so much confidence. Dealers expected the dollar-yen rate to be volatile in Asian trade::FP:Pr:
Forex Trading – Big Potential + Gain:
All you know, Forex is the largest and most liquid market in the world. Traders have until recently focused on seeking profits mainly with stock and futures markets. This can be attributed to the restrictive nature of Forex trading services offered by Banks. Forex stands apart from others by offering both online and traditional phone Forex trading services to all its investors. With minimum account opening values starting at US$ 100, several advantages exist in trading spot Forex as opposed to trading stocks and futures. Here are some of its benefits:
· Market is on its own, It is widely believed by many that brokerage firms and analysts can change the flow of a currency. In reality, this view is a misconception as Forex is an independent international foreign exchange market that can be influenced by many factors but NOT by any manipulations of traders and brokerage firms.
· Trade when you want, make your own trading schedule. Owing to its diversity, trading can take place in the Forex market 5 days a week, 24 hours a day. With the world's major exchanges based in the United State, Europe and Asia, the time differences between these Continents allows you to engage in the major trading sessions with your own time schedule. These logistics also allows you to respond quickly to breaking market news from every corner of the globe irrespective of your location.
· Big potential of Forex trading is an interesting speculation from every point of view with benefits stemming from both high leverage and potential profits from the rise and fall of the market.
· More buying power with 1:500 leverage. For example; with US $10,000 cash in a standard account that allows 1:100 leverage (1%), you can control up to US$1,000,000 in notional value.
· Take ALL your profits with you Forex charges NO commissions or fee. All profits remain yours. Commission-free trading is one of the most attractive features of FX-P. With dealing spreads as low as 2 pips (for EUR/USD) versatility abounds, providing a more comfortable trading environment.
· Forex is the largest and most liquidated market in the world. The overall volume of the Forex market is US$ 2 Trillion. Most of that volume involves trading of the major currency pairs and Forex clients enjoy tight spreads on these pairs.
· Trade in both bullish and bearish markets compared to other equity markets, where more difficult to engage in certain trade transactions.
Forex Trading Mechanism:
Actually here talk should be current budget which was presented yesterday by a female Minister of State for Finance, first time in the history of Pakistan. Important event of this budget was imposition of a 16 per cent Federal Excise Duty (FED) on services provided by stock brokers in shape of Value Added Tax (VAT). This imposition might shrink the turnover at local bourses. But today is not my topic. Mix reaction is pouring therefore I leave this and return to my today topic. In my view point; the important thing was not Rs2.9 trillion budget but the most important was presenting budget by a female.
Forex Trading currency Mechanism: May be you all know that all trading markets are volatile. Its major influences on market fluctuations are often dictated by economic and socio-political factors. These are also reflected in the Forex market. Time is of the essence when assisting your clients and staying abreast of the ever transforming market changes and being able to inform your clients of any major fluctuations is paramount.
At Forex we guide our clients the most up-to-date currency trading mechanism that gives instant access to the Forex system and allows our clients to fully digest the market changes as and when they occur across the globe. With the added advantage of supplying vital market information and quotes in real-time within an average time-frame of 5 minutes or less, this mechanism enables the trader to obtain quotes at a rapid speed and consequently execute deals at an equally rapid pace. Becoming a successful business broker in the Forex system relies heavily on being able to buy and sell foreign currency at the right moment. Successful Forex trading hinges on the correct decisions made on the appreciating or depreciating values of various currencies across the globe. This exciting market is only just beginning to reveal the true dynamics of its potential for individual and private traders. Operating over a 24-hours period on a global scale, places traders alongside professional, experienced competitors in an expansive, unlimited marketplace. Accordingly, currency trading mechanism is vital to the speed and success of bids and quotes. Quotes on different currencies from a global network of brokers are constantly changing and in order to compete successfully in Forex trading, fast connection in real-time are recommended.
Online Forex Trading and Good Opportunity:
The government of UK was rocket last week, first from the scandal involving the insane spending done by their parliament members and then by the warning from Standard and Poor’s that their credit rating – or should we say debt rating – is in peril of being lowered due to huge budget deficits and a rising national debt not seen since World War 2. Did the Sterling fall though? No, it did not – at least not as much as one would think that a “AAA” rated country would fall after hearing that they will soon be subject to higher interest rates and unfavorable terms that comes with anything less than a “AAA” rating. What did happen was quite fascinating, and it was something that I have been saying here for months. The US Dollar collapsed on the news out of England.Why? You might ask would the currency of a country across an ocean fall on bad news out of the British Isle’s. The answer is quite simple, Forex traders and investors know that the US is next on the chopping block. Although it is firmly believe that they should be first based on their crazy debt to income ratio – they are running at a 12 Trillion Dollar deficit carrying a 1.5 Trillion dollar debt and GDP is expected to fall this year – the Dollar enjoys the privilege of being the Dollar, and thus it gets afforded a little more latitude when it comes to these matters.But the real reason why the US was not first on this list was political and economic in nature. Lower the sovereign debt of the US and countries holding the bonds suffer. As the US will be faced with higher borrowing rates, and will not be afforded the right to offer so much debt and will be regulated as to the terms (10 year, 20 year 30 year), the value of the currency will fall and thus make the value of the debt already out there worth less. This will have a huge impact on the world economy and is probably one of the reasons why China is pondering accepting the Brazilian Real in trade over the US Dollar. But one last thing on this, it is ironic though that while this might hurt the rest of the world, it will help the US get out of the mess quicker. By deflating the currency it means that the US has to pay less in order to repay a debt. For example, if China is holding $10 in bonds from 1999 those bonds are still worth $10 today – plus interest, however the value of the dollar is lower than it was in 1999 and so the payments that the US makes will be worth less than they were only a few months ago. Forex online blogsters are buzzing about this – and all those trading in the dollar should be aware that this is coming. Don’t say you were not warned. But dollar is always getting high and high in Pakistan and it mostly due to present situation. Investor here don’t see elsewhere.
Finding the Best Sources for Forex:: Option Formulas
The world's largest marketplace is witness to more than a trillion dollars that exchange hands on a daily basis. Volatile and never resting, the foreign exchange market is home to millions of traders around the world who trade foreign currency 24/7. It is a market that never sleeps, and if you are an investor in this global financial bazaar, it would be a good idea never to let your attention take a nap either.
When you are all set to make money on Forex, you will necessarily be exposed to the world of options trading. Options are a safer way to maximize profits on the foreign exchange market without the huge risks posed by trading their underlying assets.
If you are interested in trading options, it will be a good idea to have a constant supply of accurate information, and using pertinent data gleaned from this information to make your option trading decisions.
The Internet is also a good source of financial information, and you will find many an excellent Forex option formula if you look closely enough. While some formulas may prove useless, there are some that can help you on your way to make a bigger profit in options trading.
Getting the guidance a Forex mentor will help you find a good Forex option formula that works for you. These Forex experts can give you sound advice about the right books to read, the appropriate programs to use, and many other Forex options strategies, besides.
There are also many books you can find both online and in bookstores that will also give you valuable information on Forex options, and how you can maximize your trading strategies to increase your profit-making potential. (Timothy Stevens)
GOLD MARKET – RISE AND FALL:
Gold was on the rise as it almost touched the mark of Rs25,000 for 10 grams and no let up. In the other part of world it is not the same. Particularly, it has become most profitable than other trading. The precious yellow metal hit an almost two-month high at Rs24,985 per 10 grams as international bullion markets gained momentum in the light of weakening US dollar. Gold stood at Rs24,171 earlier last week on Monday. However, it gained pace coming days and rose by Rs600 per tola to Rs29,000 and moved up a further Rs150 to Rs29,150 very next day. All-Pakistan Supreme Council of Jewellers Association President Haroon Rashid Chand said the local market was cold and unresponsive and international market trends were reflected only in terms of gold value and not trading. “Though international gold rates are rising due to strong buying, local dealers are waiting for gold prices to stabilise again.” He predicted the price rise would continue next week and said that Rs30,000 per tola barrier may be crossed. However, local gold rates yet continue to remain under cost by Rs600-700 compared to the Dubai bullion market, he further stated. In the international bullion market, gold was estimated at $979 an ounce, up by $6 on Saturday. The precious metal was seen as safe haven investment as the American dollar plunged to a five-month low against Euro. On the other hand, silver also witnessed more than nine-month high values at $15.39 an ounce in the international market due to the same reasons. The international prices consequently caused an immediate impact on the local silver rates as they were estimated at Rs342.85 per ten grams and touched Rs400 per tola mark on Saturday in Pakistan.-source The News.
HOW TO START FOREX – TRAINING STRATEGY:
Are you constantly surfing the internet looking for a forex trading strategy? Are you confused as to what course to start with? When you want to get involved with Forex trading, you have to figure out approximately how much money you would like to commit to trading, and then find a low cost course which will educate you to get started. .If you want to get started in trading really soon, one way is to buy a course online that teaches effective methods of trading, courses that gives you a high probability of placing a successful trade. Then, you need to study and test the method on a demo trading account until you are profitable..If you can find a home trading course that has customer support, the better. They can guide you in starting your demo account and even in a live account. Such as the Forex Profit Accelerator of Bill Poulos, here, there is support up to 1 year.http://best-investment-options.com/Recommends/FPA2.html.Here are two things you might want to remember:.Learn. Learn Learn. There are many methods out there, and some are easy to understand, others take time to get hold of. Acquiring as much information as possible and finding your "sweet spot" will save you time in your starting demo account, and saving you money. ."Practice makes perfect" .Please don't start into the market with real money until you are confident and totally comfortable using the trading method. It is suicide kind of way of losing all of your money is to jump into the market too soon, before really testing a trading method. That is what the demo account is for. .As traders, the only way to test a trading method is to stick to it religiously. Therefore, it is a must to write down your plan or method for finding a trade, and stick to it. Just like anything we do in life, from cooking to weight loss programs, proper practice will make you able to enter the markets with confidence and will ensure you don't lose your trading account..These preparation makes investing work your favor..Things to look for in a Forex Training Course:
Make sure it is from a reliable trading education source. One of the best there is nowadays is getting an education from a veteran who has done great in trading. Bill Poulos is one of them. He has made millionaires in trading in his courses due to his experience since 1974. He is known for making trading easy to understand, easy to apply and for all experience levels..Take your time. Practice the concepts over and over again in a demo account before jumping into the real trading.
Foreigners Continue to Fund US Trade Deficit
Economists generally and Dollar bears specifically both love to harp on the perennial US trade imbalance. Despite the halving of the trade deficit (reported by the Forex Blog last week), the gap between exports and imports remains sizable; it is projected at about a $350 Billion for 2009.
The more important data point, however, concerns capital flows. This is applies mainly currency traders, which are less intrinsically worried about the US trade imbalance than how the rest of the world feels about supporting such a balance. For example, if the entire trade deficit is recycled (i.e. invested) back into the US, than theoretically a trade deficit presents nothing to worry about, at least not in the short run. [Of course, such a trend may not be sustainable for the long-term, but that is outside the purview of this post].
The Dollar’s de facto role as the world’s reserve currency has historically ensured that this has been the case. This phenomena has even been strengthened by the credit crisis, as the initial spike in risk aversion generated a steady demand for Dollar-denominated assets. However, there was concern that this demand was leveling off over the last few months as risk aversion ebbed, and foreigners collectively sold a net $95 Billion worth of American assets. Over this period, the Dollar by no coincidence has declined across the board, against both emerging market currencies as well as the majors.
In March - the most recent month for which data is available - this trend reversed itself. Net capital inflows totalled $23.2 Billion, close to the $27 Billion US trade deficit. Especially surprising is that foreign demand for US Treasury securities remained strong - to the tune of $55 Billion - despite low yields. Moreover, the two most important customers both chipped in: “China, the largest holder of U.S. Treasury securities, increased its holdings of government bonds further in March to $767.9 billion. In February, it held $744.2 billion. Japan’s Treasury holdings stood at $686.7 billion in March, compared with $661.9 billion in the prior month.”
Even demand for equity securities remained strong, as foreigners purchased $12 Billion in March alone. Foreign demand and the rising stock market are probably now reinforcing each other. Meanwhile, US investors collectively continue to pull money from abroad and return it to the US; over $100 Billion has already been returned to the US in this way.
Taken at face value, this is certainly good news. Given all the bad news, the fact that capital is still flowing into the US is worth celebrating. At the same time, the fact that the Dollar continues to fall suggests that this more to the story than meets the eye…
(Courtesy: Adam Kritzer)
What Forex System to Choose? Some Technical Analysis:
In the World of Forex Trading there are so many different trading systems you could use to trade the forex market, some better suited to certain people than others. For example some people may find it easier to comprehend and take into account fundamental factors as opposed to looking at a screen covered in technical indicators, and vice-versa.The first logical step in determining what type of trading system would best suit you is actually being aware and understand the widely known methods of analysis used in trading the currency market. Once you are aware of the tools that are available, you can generally tell what type of analysis suits you. For example some of the main technical analysis methods which are popular include:Pivot pointsChart patternsFibonacci retracementsCandlestick patternsAnd some fundamental factors which are widely used include analyzing:Interest ratesTrade balancesUnemployment ratesGross domestic product (GDP)
Forex Trading and Risk Management:
Recent years we witnessed increasing numbers of Forex investment opportunities in United States. However, it is common that one afraid of being involved in Forex market because of high risk in this trading field. Although every capital market involves certain level of risk, the risk of loss in foreign currency trading market can be extensive. It would be wise to learn about the potential risk (and managing it) if you wish to trade in Forex market.Choosing the right FX dealer is a way to avoid unnecessary risks. Forex dealers are not all regulated the same way. Although Forex dealers must be regulated by law, firms and individuals can solicit retail accounts for Forex dealers and manage those accounts without being regulated. As a trader you should take up the responsibility of finding out if your Forex dealers are regulated. If they are not, you may be exposed to additional risks.Forex market is a non-centralized market. There is no common market place for Forex traders and there is no so-call 'standard' in foreign currency exchange price. Different Forex dealers offer very different deals to their customers. As an individual FX trader, you depends solely on the dealer to make a transaction in your trades, thus picking up the right dealer is extremely crucial in your risk.
Raja Sohai Ahmed
Simple Techniques for Online Trading
Enclosed you will find two equations which most traders don't understand and that's why most traders lose however if you understand them and incorporate them in your Forex trading strategy you could be on the road to huge gains... .Let's first of all start with the equation which relates to how and why markets really move and it's this:.Supply and Demand Fundamentals + Human Perception of them = Price .Simple? .Yes it is but most traders fail to see its significance which is: .It's not the facts that are important, its how humans perceive them that is; always remember humans are creatures of emotion and don't conform to some scientific theory which means all the commonly perceived views below about trading Forex are wrong: .You can predict market movements in advance.- You can trade breaking news and the facts.- Markets move to some mathematical theory .- You can make money from short term moves i.e. scalping or day trading. .It’s clear that markets move to probabilities not certainties. So using complex theories or mathematical theories is doomed to failure; its also impossible to work out what millions upon millions of traders will do within a day, as all short term moves are random and breaking news stories and facts cannot be traded, as the facts by themselves not important, its how there perceived that determines what happens next. .So how do you trade online Forex markets and win? .In an odds based market, simple systems works best and you should simply trade the reality of price change on a Forex Chart. Most traders make Forex trading more complicated than it really is. Having a successful trading system though is not enough next, you now need to understand another simple equation to succeed. .A Simple Robust Forex Trading System + Disciplined Execution = Forex Profits
Forex basic: Get started with a little effort:
Forex trading system of the world performs trade more than $2 trillion a day. The enormity of the gigantic financial capacity of the forex trade can be truly utilized if you compare this huge amount to the tune of about $25 billion that New York Stock Exchange trader's trade per day. Here you can use one of the automated Forex tools available in the market then you would be able to evaluate the trends of exchange rates and forex market conditions within a few minutes with the help of the data provided by your FX software and if you cannot manually manage to analyze all the currency trends yourself then you might take the help of a automatic signal service or a forex trading software which would send you alerts and signals about buying and selling currency after elaborate research and analysis. .Resultantly you are able to close your forex deal in less than an hour. This is an automated forex tool would ensure that you are making optimum use of your trading time with your skill. .The world basically depends on global forex trading market which is only could be remarkable because of the huge volume of monetary transactions but it is also a commendable phenomenon due to its geographical dispersion. With the use of automated FX software you can trade in various local as well as international forex markets within different time zones without personally monitoring those various markets day in and day out..However, before you go fur with particular FX software, you have to need put in a little effort to search for a forex tool which is easy to use and is ideal for beginners. Glean information about that particular forex tool which you plan to buy and thoroughly read the testimonials for that particular forex trading software before you purchase it. If you really want to test the accuracy of your Forex trading robot then you must try to find forex trading software which has the ability to paper trade too.