Remember that both stocks and forex trading involve risk. Forex trading is not conducted on a regulated exchange and as a result, there are additional risks associated with forex trading.
Though stocks were traditionally viewed as an investment, recent volatility and instability has led to stock trading taking on a more speculative role. Many stock traders are also trading another speculative market with many differences – forex. Instead of trading stocks of individual companies, traders are switching to trading currencies in the world’s primary market. Greater leverage, sophisticated software and strong market trends have led many former stock traders to explore the benefits of currency trading.
Tuesday, November 17, 2009
How You Can Find and Choose the Best EA in Forex Trading to Dominate the Market No Matter Who You Are
Even in recessions there is good money to be made in the forex market. Not only that but it offers 24 hour trading schedules and greater liquidity. That's not to say that there isn't risk involved in this form of trading like any other. For this reason it's best to arm yourself with an EA in forex trading or a program which automatically enacts and ends trades by reacting to changes in the market.
30% of all traders are currently using an EA in forex trading as it is the most guaranteed and safe way to trade. Not every EA in forex trading is as good as the next nor operates the same, so here is a newbie guide for what do look for for choosing the most profitable and reliable trader out there.
The major difference between each EA in forex trading lies in how it trades. Some programs are more aggressive, going after any and all trades if there is a lot of money to potentially be made. These programs require you to check in on them from time to time, however, I've found, otherwise they'll get caught in a cyclical tough spot and lose much to all of their investments from time to time. Not ideal.
More conservative EAs, however, are more discerning in the trades which they initiate and will only do so if they are sure that they'll make money on a trade. A more conservative EA in forex trading keeps higher standards which a trend must meet before it invests, and the result is that these programs boast easily the greatest winning rates over other systems as well as their human counterparts.
Because of these reasons, a more conservative trading system is recommended for a less experienced forex trader.
I also recommend you go with an EA in forex trading which comes with a decent warranty on it. Anything over 30 days is both pretty much standard but also gives you more than enough time to test it with the option of getting your money back in full. You can test it without the risk by trading in a practice account where the program can invest virtual or fake currency just as a means of tracking its effectiveness and capability.
30% of all traders are currently using an EA in forex trading as it is the most guaranteed and safe way to trade. Not every EA in forex trading is as good as the next nor operates the same, so here is a newbie guide for what do look for for choosing the most profitable and reliable trader out there.
The major difference between each EA in forex trading lies in how it trades. Some programs are more aggressive, going after any and all trades if there is a lot of money to potentially be made. These programs require you to check in on them from time to time, however, I've found, otherwise they'll get caught in a cyclical tough spot and lose much to all of their investments from time to time. Not ideal.
More conservative EAs, however, are more discerning in the trades which they initiate and will only do so if they are sure that they'll make money on a trade. A more conservative EA in forex trading keeps higher standards which a trend must meet before it invests, and the result is that these programs boast easily the greatest winning rates over other systems as well as their human counterparts.
Because of these reasons, a more conservative trading system is recommended for a less experienced forex trader.
I also recommend you go with an EA in forex trading which comes with a decent warranty on it. Anything over 30 days is both pretty much standard but also gives you more than enough time to test it with the option of getting your money back in full. You can test it without the risk by trading in a practice account where the program can invest virtual or fake currency just as a means of tracking its effectiveness and capability.
Online Forex Trading Strategies - Key to Success
Online Forex trading strategies represents the chief key to successful forex trading or online exchange trading. An understanding of these online forex trading strategies can stand for the distinction among profit and loss and it is as a result very important that you completely know the strategies that are usually used in forex trading.Forex trading is especially different from trading with stocks and using online forex trading strategies would certainly give you more benefits and assist you understand even superior profits in the short term investments. There are a huge variety of online forex trading strategies accessible to investors and one of the most helpful from these online forex trading strategies is a strategy acknowledged as leverage. Leverage is a forex trading strategy that is intended to permit online currency traders to advantage of more funds than are actually put down and by making use of this forex trading strategy you could certainly make the most of the forex trading benefits. Using this online strategy you could make the most of as much as 100 times the sum in your deposit account against any other forex trade which would make support higher yielding dealings even easier and therefore permitting improved results in your online forex trading. The leverage online forex trading strategy is commonly used on an accepted basis and permits investors to take benefit of short term fluctuations in forex industry.Another universally used online forex trading strategy is recognized as the stop loss order. It is a forex trading strategy that is used to guard investors and it generates a prearranged point at which investor would not go for a trade. Using this online forex trading strategy investors are allowed to reduce losses.
This plan could nevertheless, go wrong and the investor could also run the risk of stopping their online forex trading which could really go higher and however it is up to the individual forex trader to desire whether or not to follow this forex trading strategy.All these online forex trading strategies are especially intended to help investors on getting the most from their forex trading and assist to reduce their losses. As stated earlier information of these forex trading strategies is very important if you aspire to be successful in online forex trading.
This plan could nevertheless, go wrong and the investor could also run the risk of stopping their online forex trading which could really go higher and however it is up to the individual forex trader to desire whether or not to follow this forex trading strategy.All these online forex trading strategies are especially intended to help investors on getting the most from their forex trading and assist to reduce their losses. As stated earlier information of these forex trading strategies is very important if you aspire to be successful in online forex trading.
Wednesday, November 4, 2009
Forex technical analysis – an introduction to its advantages
Knowing the fundamentals or the news does not guarantee currency trading success – You need to be able to measure investor psychology and how they perceive the fundamentals, to get the big picture and that’s exactly what forex technical analysis does.
Many traders don’t fully understand the advantages of technical analysis – and refuse to believe that it works but it does – so let’s look at how and why it works.
Forex Technical Analysis Defined?
Is defined as the study of price action through the use of forex charts – for the purpose of identifying price trends – Forex technical analysis uses the following equation:
Market Perception (trader psychology) + Fundamentals = Price Movement
Forex technical analysis assumes that all known fundamentals are instantly reflected in price action and with the news available to all in a split second this is true. Forex technical analysis therefore concentrates on the price action.
So technical analysis does study the fundamentals and more importantly how they are perceived by the participants.
Many forex traders claim that technical analysis can’t work – because you need to know and study the fundamentals in depth – this is simply not true and won’t help you.
Why?
Because we all have the same facts to look at and we all draw different conclusions from what we see – its is humans that determine the price of anything and this is the key to why technical analysis is so powerful it gives you the whole picture.
The fundamentals and how humans perceive them.
Some of the largest price moves in history have occurred with little or no change in the fundamentals and any market is most bullish at a market top and most bearish at a market bottom – this is investor psychology at work.
If you use technical analysis you are trading the reality and you don’t have to guess or predict it’s clear for you to see from your forex charts.
You don’t need to let your emotions get involved or listen to the opinions of experts you simply trade on what you see.
Of course because human nature is constant you can trade repetitive chart patterns that reflect human psychology and if you look at the price history of any currency you will see them.
Technical analysis is easy to learn and takes very little time to apply but if you use forex charts correctly you can make huge long term gains.
It’s an art not a science and you need to use the right tools and that will be the subject of the second article in this series.
Stock exchange
Bombay Stock Exchange and National Stock Exchange are major Stock Exchange is India. Like India there is uncountable investor’s puts their money to grow. Stock market is also one of those places which provide growth to investor’s money. Some of investors who want make money fast as they want they comes to stock market. Some times it is not shows growth due to some reason or factors otherwise it best way to give a chance to your money. Any stock market is also decides its countries growth u saw also in this world those country who have good stock market record they are leading.
Stock market always stay ahead from other resources if investments. It gives better return and as well as surety of your money but not all time because there are some factors are present at that place who really don’t want that stock market do well.
Some times this market become tumble down and investors get fear by it but if they keep patience they can make good money because according to market rule u should go for buying in crush time because when the market go up you can get good profit form those buying which u done at tumble time.
Now our stock exchange provides other facilities like online buying or selling.It really helps to investor who are stay from stock market just because of time.
In these days Stock Exchange Board Of India also keep watching on Stock Exchange because in our past we saw some most powerful cases of cheating that why Stock Exchange Board Of India working for those investors who puts their blooded money in the market.
Online stock brokers explained – a guide to using online stock brokers
Stock market brokers are the people who buy and sell stocks for investors. As an investor it is very difficult for you to TRADE a share or any amount of stock on your own. To trade stocks, you must go through a broker. Brokers have actual licenses that allow them to buy and sell shares of stock. They also have much quicker access to the stock market exchanges than you or I do.
How it works is this, let us say you want to buy five hundred shares of IBM’s stock. However you personally cannot buy IBM shares of stock, we just cannot purchase stock, the same way we buy groceries at store.
To purchase our shares of IBM stock, We sign up with a discount online broker. The discount online broker would then purchase or buy stocks of on our behalf. When we’re ready, we would then call the broker or go online on a computer and sell the stocks. The process of buying and selling stocks is called trading.
For the brokers service, they take a small percentage of every transaction that you do in the stock market. So when you buy a stock, the broker earns a commission. When you sell a stock, the broker also takes a commission on the sale.
There are different types of brokers, but the best broker especially for the beginner or intermediate or even advanced investor, is the online discount broker. Many online discount brokers allow you to trade stocks very cheaply in the stock market. This reduces the overall cost of trading and increases your net profits when you actually sell the stock.
Tuesday, October 27, 2009
The History of FOREX Trading
The origin of FOREX trading traces its history to centuries ago. Different currencies and the need to exchange them had existed since the Babylonians. They are credited with the first use of paper notes and receipts. Speculation hardly ever happened, and certainly the enormous speculative activity in the market today would have been frowned upon.
In those days, the value of goods were expressed in terms of other goods(also called as the Barter System). The obvious limitations of such a system encouraged establishing more generally accepted mediums of exchange. It was important that a common base of value could be established. In some economies, items such as teeth, feathers even stones served this purpose, but soon various metals, in particular gold and silver, established themselves as an accepted means of payment as well as a reliable storage of value. Trade was carried among people of Africa, Asia etc through this system.
Coins were initially minted from the preferred metal and in stable political regimes, the introduction of a paper form of governmental I.O.U. during the Middle Ages also gained acceptance. This type of I.O.U. was introduced more successfully through force than through persuasion and is now the basis of today’s modern currencies.
Before the First World war, most Central banks supported their currencies with convertibility to gold. However, the gold exchange standard had its weaknesses of boom-bust patterns. As an economy strengthened, it would import a great deal from out of the country until it ran down its gold reserves required to support its money; as a result, the money supply would diminish, interest rates escalate and economic activity slowed to the point of recession. Ultimately, prices of commodities had hit bottom, appearing attractive to other nations, who would sprint into buying fury that injected the economy with gold until it increased its money supply, drive down interest rates and restore wealth into the economy.. However, for this type of gold exchange, there was not necessarily a Centrals bank need for full coverage of the government's currency reserves. This did not occur very often, however when a group mindset fostered this disastrous notion of converting back to gold in mass, panic resulted in so-called "Run on banks " The combination of a greater supply of paper money without the gold to cover led to devastating inflation and resulting political instability. The Great Depression and the removal of the gold standard in 1931 created a serious lull in FOREX market activity. From 1931 until 1973, the FOREX market went through a series of changes. These changes greatly affected the global economies at the time and speculation in the FOREX markets during these times was little.
In order to protect local national interests, increased foreign exchange controls were introduced to prevent market forces from punishing monetary irresponsibility.
Near the end of World War II, the Bretton Woods agreement was reached on the initiative of the USA in July 1944. The conference held in Bretton Woods, New Hampshire rejected John Maynard Keynes suggestion for a new world reserve currency in favor of a system built on the US Dollar. International institutions such as the IMF, The World Bank and GATT were created in the same period as the emerging victors of WWII searched for a way to avoid the destabilizing monetary crises leading to the war. The Bretton Woods agreement resulted in a system of fixed exchange rates that reinstated The Gold Standard partly, fixing the USD at $35.00 per ounce of Gold and fixing the other main currencies to the dollar, initially intended to be on a permanent basis.
The Bretton Woods system came under increasing pressure as national economies moved in different directions during the 1960’s. A number of realignments held the system alive for a long time but eventually Bretton Woods collapsed in the early 1970’s following president Nixon's suspension of the gold convertibility in August 1971. The dollar was not any longer suited as the sole international currency at a time when it was under severe pressure from increasing US budget and trade deficits.
The last few decades have seen foreign exchange trading develop into the world’s largest global market. Restrictions on capital flows have been removed in most countries, leaving the market forces free to adjust foreign exchange rates according to their perceived values.
The European Economic Community introduced a new system of fixed exchange rates in 1979, the European Monetary System. The quest continued in Europe for currency stability with the 1991 signing of The Maastricht treaty. This was to not only fix exchange rates but also actually replace many of them with the Euro in 2002. London was, and remains the principal offshore market. In the 1980s, it became the key center in the Eurodollar market when British banks began lending dollars as an alternative to pounds in order to maintain their leading position in global finance.
In Asia, the lack of sustainability of fixed foreign exchange rates has gained new relevance with the events in South East Asia in the latter part of 1997, where currency after currency was devalued against the US dollar, leaving other fixed exchange rates in particular in South America also looking very vulnerable.
While commercial companies have had to face a much more volatile currency environment in recent years, investors and financial institutions have discovered a new playground. The FOREX exchange market initially worked under the central banks and the governmental institutions but later on it accommodated the various institutions, at present it also includes the dot com booms and the world wide web. The size of the FOREX market now dwarfs any other investment market. The foreign exchange market is the largest financial market in the world. Approximately 1.9 trillion dollars are traded daily in the foreign exchange market. It is estimated that more than USD 1,200 Billion are traded every day. It can be said easily that FOREX market is a lucrative opportunity for the modern day savvy investor.
In those days, the value of goods were expressed in terms of other goods(also called as the Barter System). The obvious limitations of such a system encouraged establishing more generally accepted mediums of exchange. It was important that a common base of value could be established. In some economies, items such as teeth, feathers even stones served this purpose, but soon various metals, in particular gold and silver, established themselves as an accepted means of payment as well as a reliable storage of value. Trade was carried among people of Africa, Asia etc through this system.
Coins were initially minted from the preferred metal and in stable political regimes, the introduction of a paper form of governmental I.O.U. during the Middle Ages also gained acceptance. This type of I.O.U. was introduced more successfully through force than through persuasion and is now the basis of today’s modern currencies.
Before the First World war, most Central banks supported their currencies with convertibility to gold. However, the gold exchange standard had its weaknesses of boom-bust patterns. As an economy strengthened, it would import a great deal from out of the country until it ran down its gold reserves required to support its money; as a result, the money supply would diminish, interest rates escalate and economic activity slowed to the point of recession. Ultimately, prices of commodities had hit bottom, appearing attractive to other nations, who would sprint into buying fury that injected the economy with gold until it increased its money supply, drive down interest rates and restore wealth into the economy.. However, for this type of gold exchange, there was not necessarily a Centrals bank need for full coverage of the government's currency reserves. This did not occur very often, however when a group mindset fostered this disastrous notion of converting back to gold in mass, panic resulted in so-called "Run on banks " The combination of a greater supply of paper money without the gold to cover led to devastating inflation and resulting political instability. The Great Depression and the removal of the gold standard in 1931 created a serious lull in FOREX market activity. From 1931 until 1973, the FOREX market went through a series of changes. These changes greatly affected the global economies at the time and speculation in the FOREX markets during these times was little.
In order to protect local national interests, increased foreign exchange controls were introduced to prevent market forces from punishing monetary irresponsibility.
Near the end of World War II, the Bretton Woods agreement was reached on the initiative of the USA in July 1944. The conference held in Bretton Woods, New Hampshire rejected John Maynard Keynes suggestion for a new world reserve currency in favor of a system built on the US Dollar. International institutions such as the IMF, The World Bank and GATT were created in the same period as the emerging victors of WWII searched for a way to avoid the destabilizing monetary crises leading to the war. The Bretton Woods agreement resulted in a system of fixed exchange rates that reinstated The Gold Standard partly, fixing the USD at $35.00 per ounce of Gold and fixing the other main currencies to the dollar, initially intended to be on a permanent basis.
The Bretton Woods system came under increasing pressure as national economies moved in different directions during the 1960’s. A number of realignments held the system alive for a long time but eventually Bretton Woods collapsed in the early 1970’s following president Nixon's suspension of the gold convertibility in August 1971. The dollar was not any longer suited as the sole international currency at a time when it was under severe pressure from increasing US budget and trade deficits.
The last few decades have seen foreign exchange trading develop into the world’s largest global market. Restrictions on capital flows have been removed in most countries, leaving the market forces free to adjust foreign exchange rates according to their perceived values.
The European Economic Community introduced a new system of fixed exchange rates in 1979, the European Monetary System. The quest continued in Europe for currency stability with the 1991 signing of The Maastricht treaty. This was to not only fix exchange rates but also actually replace many of them with the Euro in 2002. London was, and remains the principal offshore market. In the 1980s, it became the key center in the Eurodollar market when British banks began lending dollars as an alternative to pounds in order to maintain their leading position in global finance.
In Asia, the lack of sustainability of fixed foreign exchange rates has gained new relevance with the events in South East Asia in the latter part of 1997, where currency after currency was devalued against the US dollar, leaving other fixed exchange rates in particular in South America also looking very vulnerable.
While commercial companies have had to face a much more volatile currency environment in recent years, investors and financial institutions have discovered a new playground. The FOREX exchange market initially worked under the central banks and the governmental institutions but later on it accommodated the various institutions, at present it also includes the dot com booms and the world wide web. The size of the FOREX market now dwarfs any other investment market. The foreign exchange market is the largest financial market in the world. Approximately 1.9 trillion dollars are traded daily in the foreign exchange market. It is estimated that more than USD 1,200 Billion are traded every day. It can be said easily that FOREX market is a lucrative opportunity for the modern day savvy investor.
Funding terror? The flip side of forex boom
About 90 per cent of the operators do not indicate the sources and purposes of foreign exchange. This could assist money laundering. / Courtesy: google pics
The huge amounts of money handled by private forex bureaus could be a threat to the country and the region if foreign exchange rules are disregarded, the Bank of Uganda has warned.
In a meeting held in Kampala by forex bureaus and money remittance operators on April 30, the executive director of bank supervision at the Bank of Uganda, Justine Bagyenda, raised the alarm on possible money laundering and financial terrorism.
She said the laid-down guidelines should be adhered to as the country awaits the enactment of the Anti Money Laundering Law.
A survey by the EastAfrican reveals that many operators are not complying with Know Your Customer requirements and procedures drafted by the central bank.
These procedures were issued to all forex bureaus and money remitters in August 2003 to assist in combating the vice in Uganda’s financial sector.
Said Ms Bagyenda: “For instance, some of you are not undertaking due diligence to ensure that customer identification details for large transactions are provided.”
She added: “We have noted that 90 per cent of the operators do not capture the sources of and the purposes of foreign exchange.
“This is very dangerous as it is a possible avenue for money laundering. You should comply with the law on declaring sources and purposes of foreign exchange, and the ‘know your customer’ measures that are crucial to turn down illegally-acquired funds and prevent possible financing terrorism.”
Foreign exchange regulations require dealers to report to the Bank of Uganda the details of any individual selling amounts in excess of $5,000.
Privately run foreign currency exchange bureaus and money remittance outlets handled 30 percent of the net foreign exchange transactions in Uganda in 2008, but the regulators are concerned by increased laxity.
The Bank of Uganda says the forex bureau and money remittance sector has remained largely buoyant, with a total of 122 forex bureaus and 75 money remittance outlets.
But a few were not following operational procedures regarding identification of clients, leaving the country open to money laundering.
Ms Bagyenda said an increase was reported in the inflows and outflows of licensed money remittances in the country that stood at the equivalent of $226.01 million in inflows and $104.20 million in outflows, at the close of December 2008.
This was a tremendous improvement compared with $99.44 million and $40.59 million recorded inflows and outflows during 2007.
Statistics from the bank show that total purchases in the forex bureaus market increased from $1.2 billion at the end of December 2007 to $1.5 billion at the end of December 2008, while total sales increased from $1.3 billion to $1.6 billion over the same period.
It is due to this performance that the Bank of Uganda continues to recognise the crucial role played by forex bureaus and money remitters as partners in deepening the financial sector and fostering macroeconomic stability and growth in the country, Ms Bagyenda said.
She added that increased risk aversion by investors and the effects of the global recession were presenting significant macroeconomic challenges to Uganda’s financial system.
If the global recession is prolonged, Uganda could face reduced export earnings, a decline in foreign direct investments and reduced remittances, which would significantly reduce the banking system liquidity and exert pressure on exchange rates and debt service capacity.
Uganda’s forex bureaus and money remitters operate under the Foreign Exchange Act of 2004 and the Foreign Exchange Remitters Act 2006.
The two Acts provide for exchange of foreign currencies in Uganda and making of international payments and transfer of foreign exchange; and for other related and incidental matters.
Ms Bagyenda promised more rigorous inspections to ensure compliance with laws through off-site and on-site surveillance of forex bureaus and money remittance sector.
In a related development, the bank’s assistant director of non-bank financial institutions, Benedict Ssekabira, said Uganda and Kenya had started harmonising the supervision of forex bureaus.
Two Bank of Uganda officials were to be in Kenya from May 4-8 for an insight into on-site and cash audit operations, he said.
Likewise, CBK officials have been in Uganda for lessons on risk-based supervision of commercial banks and financial institutions. The visits were arranged by a committee of the East African Monetary Community, which is handling the East African Monetary Union.
The East Community Monetary Committee Affairs — under the umbrella of the five governors of central banks of Tanzania, Kenya, Uganda, Rwanda and Burundi — is trying to beat the 2012 target of fast-tracking the East African Monetary Union.
The huge amounts of money handled by private forex bureaus could be a threat to the country and the region if foreign exchange rules are disregarded, the Bank of Uganda has warned.
In a meeting held in Kampala by forex bureaus and money remittance operators on April 30, the executive director of bank supervision at the Bank of Uganda, Justine Bagyenda, raised the alarm on possible money laundering and financial terrorism.
She said the laid-down guidelines should be adhered to as the country awaits the enactment of the Anti Money Laundering Law.
A survey by the EastAfrican reveals that many operators are not complying with Know Your Customer requirements and procedures drafted by the central bank.
These procedures were issued to all forex bureaus and money remitters in August 2003 to assist in combating the vice in Uganda’s financial sector.
Said Ms Bagyenda: “For instance, some of you are not undertaking due diligence to ensure that customer identification details for large transactions are provided.”
She added: “We have noted that 90 per cent of the operators do not capture the sources of and the purposes of foreign exchange.
“This is very dangerous as it is a possible avenue for money laundering. You should comply with the law on declaring sources and purposes of foreign exchange, and the ‘know your customer’ measures that are crucial to turn down illegally-acquired funds and prevent possible financing terrorism.”
Foreign exchange regulations require dealers to report to the Bank of Uganda the details of any individual selling amounts in excess of $5,000.
Privately run foreign currency exchange bureaus and money remittance outlets handled 30 percent of the net foreign exchange transactions in Uganda in 2008, but the regulators are concerned by increased laxity.
The Bank of Uganda says the forex bureau and money remittance sector has remained largely buoyant, with a total of 122 forex bureaus and 75 money remittance outlets.
But a few were not following operational procedures regarding identification of clients, leaving the country open to money laundering.
Ms Bagyenda said an increase was reported in the inflows and outflows of licensed money remittances in the country that stood at the equivalent of $226.01 million in inflows and $104.20 million in outflows, at the close of December 2008.
This was a tremendous improvement compared with $99.44 million and $40.59 million recorded inflows and outflows during 2007.
Statistics from the bank show that total purchases in the forex bureaus market increased from $1.2 billion at the end of December 2007 to $1.5 billion at the end of December 2008, while total sales increased from $1.3 billion to $1.6 billion over the same period.
It is due to this performance that the Bank of Uganda continues to recognise the crucial role played by forex bureaus and money remitters as partners in deepening the financial sector and fostering macroeconomic stability and growth in the country, Ms Bagyenda said.
She added that increased risk aversion by investors and the effects of the global recession were presenting significant macroeconomic challenges to Uganda’s financial system.
If the global recession is prolonged, Uganda could face reduced export earnings, a decline in foreign direct investments and reduced remittances, which would significantly reduce the banking system liquidity and exert pressure on exchange rates and debt service capacity.
Uganda’s forex bureaus and money remitters operate under the Foreign Exchange Act of 2004 and the Foreign Exchange Remitters Act 2006.
The two Acts provide for exchange of foreign currencies in Uganda and making of international payments and transfer of foreign exchange; and for other related and incidental matters.
Ms Bagyenda promised more rigorous inspections to ensure compliance with laws through off-site and on-site surveillance of forex bureaus and money remittance sector.
In a related development, the bank’s assistant director of non-bank financial institutions, Benedict Ssekabira, said Uganda and Kenya had started harmonising the supervision of forex bureaus.
Two Bank of Uganda officials were to be in Kenya from May 4-8 for an insight into on-site and cash audit operations, he said.
Likewise, CBK officials have been in Uganda for lessons on risk-based supervision of commercial banks and financial institutions. The visits were arranged by a committee of the East African Monetary Community, which is handling the East African Monetary Union.
The East Community Monetary Committee Affairs — under the umbrella of the five governors of central banks of Tanzania, Kenya, Uganda, Rwanda and Burundi — is trying to beat the 2012 target of fast-tracking the East African Monetary Union.
FOREX vs. Futures Trading
Which to trade - Forex, Futures, Or Options on Futures?
Both futures and forex trading have their advantages and disadvantages.
Trading forex - or foreign currency pairs - gives greater leverage than outright futures trading, of up to 100:1.
This means that for every $1000 put up in margin, you can trade with up to $100,000 in currency value. If you put up $10K, you could trade with $1 Million of currency. This means that if there is a 1% move in the value of the currency pair that day, it would give you a profit/loss of $10,000, or 100% change on your investment. This would be great if you were right, but disastrous if you were wrong as you would have lost your entire trading account.
Trading futures, you usually get leverage of around 2%, so you can do twice as much with your money trading forex (losing twice as much as well as winning twice as much. Money management is important!). If you are swayed to forex because of the increased leverage, hang on a minute because you may be able to get much more leverage using options on futures...
Deep out the money options will cost little but if you are right on your prediction, you could make a vast sum in a short period of time. For example, Feb Gold is trading at 455.00 on December 3rd 2004. You expect a sharp drop in prices to trend-line support at 435. You have $100,000 to trade with. 435 Feb gold puts are priced at $500 each - quite cheap as they are deep-out-the-money. You have enough to buy 200 puts $500 x 200 = $100,000.
On Dec 10th, the market has plummeted to 435 and you exit your position by selling your 200 puts. In effect, you sold the futures at 455 and bought futures at 435, giving a profit of $20 per contract. There are 100 troy ounces per contract so you make $2000 per contract. You bought 200 contracts so you have made $400,000 in a week, or 400% on your money while the market has dropped less that 5%.
If you had done an outright futures trade, you may have had to put up $2000/contract in margin, so you could only have traded 50 contracts as opposed to the 200 using options. If you had sold 200 futures at $455 and bought at $435, you'd have made $200,000 or 200% on your investment.
For more on the pros and cons of trading futures options, see here.
Trading forex has the advantage of being commission free. The forex broker is compensated for its services through the spread between the bid/ask prices.
Spot currency trading is a worldwide inter-bank market that allows buyers to be matched with sellers instantly. Although you do not pay a commission charge to a broker to match buyer up with seller, the spread is usually larger than trading futures.
For example, trading a Japanese Yen/US Dollar pair USDJPY forex trade would have a 3 point spread worth $30. Trading a JY futures trade would more likely have a spread of 1 point worth $10 but you would also be charged the broker's commission. This could be as low as $10 in-and-out for self-directed online trading, or as much as $50 for full-service trading that may include live assistance, help and advice from the broker. You need to compare both online forex and your particular futures commission charge to see which "commission" is greater. Chances are they actually work out about the same.
Forex trading is a 24-hour market, trading 5-days a week. Opening hours follow the sun around the world from one country to another e.g. New York, London, Tokyo, back to New York. This is good because you can get in/out of a trade at any time. If there is a major announcement or news story breaking that could effect the markets, you could log-in to your account and make a trade. That is, if you can stay awake 24-hours a day, 5-days a week!
In recent years, most futures markets also trade around the clock too, on the GLOBEX markets.
Charges on Your Account
Forex trades carry an interest charge of around 1% per year. This may sound small, but with the high leverage of forex trading, you can trade with a lot larger amount of forex than in your account.
For example, you have $50,000 to trade forex. There is 100:1 leverage allowing you to control $100,000 with $1000 margin. Therefore, with your $50,000 you can trade $5 million of currency. If you fully margined your $50K for a year and ended up breaking even on your trades, the 1% interest charge will cost you $50,000 - your entire account value!
Even trading smaller amounts, the interest charges can add up. For example, you have $100,000 in your trading account and use $30,000 in margin. Over a few weeks, some trades go your way and some do not, some positions are stopped out and a couple are left on the market. You have a profit of $3000 from all your trades, or 10% on your margin. But the interest charges could amount to perhaps $1000, or 30% of your profits.
With futures, there is no interest charged on your account or positions.
Exchange Rates
If you are located in a country other than the United States of America and need to transfer your local currency into US dollars to deposit into your trading account, you should also be aware of the currency exchange rate.
For example, you are British and want to open an account trading US futures markets. You convert £50,000 British Pounds Sterling into US Dollars at an exchange rate of 1.8000 USDGBP and get $90,000.
Six months later, the dollar has fallen in value against the Pound and you could now get 1.9500 USD for every GBP.
Were you to not make any trades at all during this period, or your trades had broken even, and you then decided to convert your dollars back in Sterling, you would only get £46,154 less the spread and commission fees. You would also have received no interest on your money while it was sat in your trading account, whereas you may have got - perhaps - 5% had you left it in a UK bank account. This has devalued your money in the 6-month period.
Both futures and forex trading have their advantages and disadvantages.
Trading forex - or foreign currency pairs - gives greater leverage than outright futures trading, of up to 100:1.
This means that for every $1000 put up in margin, you can trade with up to $100,000 in currency value. If you put up $10K, you could trade with $1 Million of currency. This means that if there is a 1% move in the value of the currency pair that day, it would give you a profit/loss of $10,000, or 100% change on your investment. This would be great if you were right, but disastrous if you were wrong as you would have lost your entire trading account.
Trading futures, you usually get leverage of around 2%, so you can do twice as much with your money trading forex (losing twice as much as well as winning twice as much. Money management is important!). If you are swayed to forex because of the increased leverage, hang on a minute because you may be able to get much more leverage using options on futures...
Deep out the money options will cost little but if you are right on your prediction, you could make a vast sum in a short period of time. For example, Feb Gold is trading at 455.00 on December 3rd 2004. You expect a sharp drop in prices to trend-line support at 435. You have $100,000 to trade with. 435 Feb gold puts are priced at $500 each - quite cheap as they are deep-out-the-money. You have enough to buy 200 puts $500 x 200 = $100,000.
On Dec 10th, the market has plummeted to 435 and you exit your position by selling your 200 puts. In effect, you sold the futures at 455 and bought futures at 435, giving a profit of $20 per contract. There are 100 troy ounces per contract so you make $2000 per contract. You bought 200 contracts so you have made $400,000 in a week, or 400% on your money while the market has dropped less that 5%.
If you had done an outright futures trade, you may have had to put up $2000/contract in margin, so you could only have traded 50 contracts as opposed to the 200 using options. If you had sold 200 futures at $455 and bought at $435, you'd have made $200,000 or 200% on your investment.
For more on the pros and cons of trading futures options, see here.
Trading forex has the advantage of being commission free. The forex broker is compensated for its services through the spread between the bid/ask prices.
Spot currency trading is a worldwide inter-bank market that allows buyers to be matched with sellers instantly. Although you do not pay a commission charge to a broker to match buyer up with seller, the spread is usually larger than trading futures.
For example, trading a Japanese Yen/US Dollar pair USDJPY forex trade would have a 3 point spread worth $30. Trading a JY futures trade would more likely have a spread of 1 point worth $10 but you would also be charged the broker's commission. This could be as low as $10 in-and-out for self-directed online trading, or as much as $50 for full-service trading that may include live assistance, help and advice from the broker. You need to compare both online forex and your particular futures commission charge to see which "commission" is greater. Chances are they actually work out about the same.
Forex trading is a 24-hour market, trading 5-days a week. Opening hours follow the sun around the world from one country to another e.g. New York, London, Tokyo, back to New York. This is good because you can get in/out of a trade at any time. If there is a major announcement or news story breaking that could effect the markets, you could log-in to your account and make a trade. That is, if you can stay awake 24-hours a day, 5-days a week!
In recent years, most futures markets also trade around the clock too, on the GLOBEX markets.
Charges on Your Account
Forex trades carry an interest charge of around 1% per year. This may sound small, but with the high leverage of forex trading, you can trade with a lot larger amount of forex than in your account.
For example, you have $50,000 to trade forex. There is 100:1 leverage allowing you to control $100,000 with $1000 margin. Therefore, with your $50,000 you can trade $5 million of currency. If you fully margined your $50K for a year and ended up breaking even on your trades, the 1% interest charge will cost you $50,000 - your entire account value!
Even trading smaller amounts, the interest charges can add up. For example, you have $100,000 in your trading account and use $30,000 in margin. Over a few weeks, some trades go your way and some do not, some positions are stopped out and a couple are left on the market. You have a profit of $3000 from all your trades, or 10% on your margin. But the interest charges could amount to perhaps $1000, or 30% of your profits.
With futures, there is no interest charged on your account or positions.
Exchange Rates
If you are located in a country other than the United States of America and need to transfer your local currency into US dollars to deposit into your trading account, you should also be aware of the currency exchange rate.
For example, you are British and want to open an account trading US futures markets. You convert £50,000 British Pounds Sterling into US Dollars at an exchange rate of 1.8000 USDGBP and get $90,000.
Six months later, the dollar has fallen in value against the Pound and you could now get 1.9500 USD for every GBP.
Were you to not make any trades at all during this period, or your trades had broken even, and you then decided to convert your dollars back in Sterling, you would only get £46,154 less the spread and commission fees. You would also have received no interest on your money while it was sat in your trading account, whereas you may have got - perhaps - 5% had you left it in a UK bank account. This has devalued your money in the 6-month period.
Forex Trading - Who participate in Forex Trading?
In the last years, the foreign exchange market has expanded from one where banks would execute transactions between themselves to one in which many other kinds of financial institutions like brokers and market-makers participate including non-financial corporations, investment firms, pension funds and hedge funds.
Its' focus has broadened from servicing importers and exporters to handling the vast amounts of overseas investment and other capital flows that currently take place. Lately foreign exchange day trading has become increasingly popular and various firms offer trading facilities to the small investor.
Foreign exchange is an 'over the counter' (OTC) market, that means that there is no central exchange and clearing house where orders are matched. Geographic trading 'centers' exist around the world however and are: (in order of importance) London, New York, Tokyo, Singapore, Frankfurt, Geneva & Zurich, Paris and Hong Kong. Essentially foreign exchange deals are made between participants on the basis of trust and reputation to deliver on an agreement. In the case of banks trading with one another, they do so solely on that basis. In the retail market, customers demand a written legally accepted contract between themselves and their broker in exchange of a deposit of funds on which basis the customer may trade.
Some market participants may be involved in the 'goods' market, conducting international transactions for the purchase or sale of merchandise. Some may be engaged in 'direct investment' in plant and equipment, or may be in the 'money market,' trading short-term debt instruments internationally. The various investors, hedgers, and speculators may be focused on any time period, from a few minutes to several years. But, whether official or private, and whether their motive be investing, hedging, speculating, arbitraging, paying for imports, or seeking to influence the rate, they are all part of the aggregate demand for and supply of the currencies involved, and they all play a role in determining the exchange rate at that moment.
Its' focus has broadened from servicing importers and exporters to handling the vast amounts of overseas investment and other capital flows that currently take place. Lately foreign exchange day trading has become increasingly popular and various firms offer trading facilities to the small investor.
Foreign exchange is an 'over the counter' (OTC) market, that means that there is no central exchange and clearing house where orders are matched. Geographic trading 'centers' exist around the world however and are: (in order of importance) London, New York, Tokyo, Singapore, Frankfurt, Geneva & Zurich, Paris and Hong Kong. Essentially foreign exchange deals are made between participants on the basis of trust and reputation to deliver on an agreement. In the case of banks trading with one another, they do so solely on that basis. In the retail market, customers demand a written legally accepted contract between themselves and their broker in exchange of a deposit of funds on which basis the customer may trade.
Some market participants may be involved in the 'goods' market, conducting international transactions for the purchase or sale of merchandise. Some may be engaged in 'direct investment' in plant and equipment, or may be in the 'money market,' trading short-term debt instruments internationally. The various investors, hedgers, and speculators may be focused on any time period, from a few minutes to several years. But, whether official or private, and whether their motive be investing, hedging, speculating, arbitraging, paying for imports, or seeking to influence the rate, they are all part of the aggregate demand for and supply of the currencies involved, and they all play a role in determining the exchange rate at that moment.
Sunday, October 25, 2009
"BREAKING NEWS"
Energy and Asset Technology, Inc. (EGTY) owns a global license to market
the genetically enhanced Global Cedar growth trees, with plans to
REVOLUTIONIZE the forest-timber industry.
These newly enhanced Global Cedar trees require only 9-12 years of growth before they can
be harvested for lumber, whereas worldwide growth time for lumber is 30-50 years.
Other than growing at an astonishing rate, the Global Cedar has a number of other benefits.
Its natural elements make it resistant to termites, and the lack of oils and sap found in the wood
make it resistant to forest fire, ensuring higher returns on investments.
the wood is very lightweight and strong, lighter than Poplar and over twice
as strong as Balsa, which makes it great for construction. It also has
the unique ability to regrow itself from the stump, minimizing the land and
time to replant and develop new root systems.
Based on current resources and agreements, EGTY projects revenues of $140 Million
with an approximate profit margin of 40% for each 9-year cycle. With anticipated
growth, EGTY is expected to challenge Deltic Timber Corp. during its initial 9-year cycle.
Deltic Timber Corp. currently trades at over $38.00 a share with about $153 Million in revenues.
As the reputation and demand for the Global Cedar tree continues to grow around the world
EGTY believes additional multi-million dollar agreements will be forthcoming. The Global Cedar nursery has produced
about 100,000 infant plants and is developing a production growth target of 250,000 infant plants per month.
Energy and Asset Technology is currently in negotiations with land and business owners in New Zealand,
Greece and Malaysia regarding the purchase of their popular and profitable fast growing infant tree plants.
Inquiries from the governments of Brazil and Ecuador are also being evaluated.
Conclusion:
The examples above show the Awesome, Earning Potential of little
known Companies That Explode onto Investor�s Radar Screens.
This stock will not be a Secret for long. Then You May Feel the Desire to Act Right
Now! And Please Watch This One Trade!!
the genetically enhanced Global Cedar growth trees, with plans to
REVOLUTIONIZE the forest-timber industry.
These newly enhanced Global Cedar trees require only 9-12 years of growth before they can
be harvested for lumber, whereas worldwide growth time for lumber is 30-50 years.
Other than growing at an astonishing rate, the Global Cedar has a number of other benefits.
Its natural elements make it resistant to termites, and the lack of oils and sap found in the wood
make it resistant to forest fire, ensuring higher returns on investments.
the wood is very lightweight and strong, lighter than Poplar and over twice
as strong as Balsa, which makes it great for construction. It also has
the unique ability to regrow itself from the stump, minimizing the land and
time to replant and develop new root systems.
Based on current resources and agreements, EGTY projects revenues of $140 Million
with an approximate profit margin of 40% for each 9-year cycle. With anticipated
growth, EGTY is expected to challenge Deltic Timber Corp. during its initial 9-year cycle.
Deltic Timber Corp. currently trades at over $38.00 a share with about $153 Million in revenues.
As the reputation and demand for the Global Cedar tree continues to grow around the world
EGTY believes additional multi-million dollar agreements will be forthcoming. The Global Cedar nursery has produced
about 100,000 infant plants and is developing a production growth target of 250,000 infant plants per month.
Energy and Asset Technology is currently in negotiations with land and business owners in New Zealand,
Greece and Malaysia regarding the purchase of their popular and profitable fast growing infant tree plants.
Inquiries from the governments of Brazil and Ecuador are also being evaluated.
Conclusion:
The examples above show the Awesome, Earning Potential of little
known Companies That Explode onto Investor�s Radar Screens.
This stock will not be a Secret for long. Then You May Feel the Desire to Act Right
Now! And Please Watch This One Trade!!
GO EGTY! FOREX
All statements made are our express opinion only and should be treated as such.
We may own, take position and sell any securities mentioned at any time. Any statements that express or involve discussions with respect
to predictions, goals, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are
not statements of historical fact and may be "forward, looking
statements." forward, looking statements are based on expectations, estimates
and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results
or events to differ materially from those presently anticipated. This newsletter was paid $3,000 from third party (IR Marketing).
Forward,|ooking statements in this action may be identified through the use of words such as: "projects", "foresee", "expects". in compliance with Se'ction 17. {b), we disclose the holding of EGTY shares prior to the publication of this report. Be aware of an inherent conflict of interest resulting from such holdings due to our intent to profit from the liquidation of these shares. Shares may be sold at any time, even after positive statements have been made regarding the above company. Since we own shares, there is an inherent conflict of interest in our statements and opinions. Readers of this publication are cautioned not to place undue reliance on forward,looking statements, which are based on certain assumptions and expectations involving various risks and uncertainties that could cause results to
differ materially from those set forth in the forward- looking statements. This is not solicitation to buy or sell stocks, this text is
or informational purpose only and you should seek professional advice from registered financial advisor before you do anything related with buying or selling stocks, penny stocks are very high risk and you can lose your entire investment.
We may own, take position and sell any securities mentioned at any time. Any statements that express or involve discussions with respect
to predictions, goals, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are
not statements of historical fact and may be "forward, looking
statements." forward, looking statements are based on expectations, estimates
and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results
or events to differ materially from those presently anticipated. This newsletter was paid $3,000 from third party (IR Marketing).
Forward,|ooking statements in this action may be identified through the use of words such as: "projects", "foresee", "expects". in compliance with Se'ction 17. {b), we disclose the holding of EGTY shares prior to the publication of this report. Be aware of an inherent conflict of interest resulting from such holdings due to our intent to profit from the liquidation of these shares. Shares may be sold at any time, even after positive statements have been made regarding the above company. Since we own shares, there is an inherent conflict of interest in our statements and opinions. Readers of this publication are cautioned not to place undue reliance on forward,looking statements, which are based on certain assumptions and expectations involving various risks and uncertainties that could cause results to
differ materially from those set forth in the forward- looking statements. This is not solicitation to buy or sell stocks, this text is
or informational purpose only and you should seek professional advice from registered financial advisor before you do anything related with buying or selling stocks, penny stocks are very high risk and you can lose your entire investment.
Fundamental review of the week from 01.06.year to 05.06.2009
The week begins with retail sales in Australia in April. The sector enjoyed solid sales in recent months as the combination of fiscal and monetary incentives "otduha 'consumer portfolios. Over the past months, signs of improving the overall consumer confidence also support retail. By continuing incentives (in the form of fiscal variations) during April, and total disappearance of the speculator market during this period we expect a new sound-percent increase in sales for the month. Later PM I index of European countries and the euro will show whether improvements in the Old Continent and may lead to new "bi chi movement in favor of the euro. The main index of U.S. consumer spending for April will also be removed - the capacity and extend the recession reduced price to a point of deterioration and inflation pressure down during the next 12 months. But it is proven that this will show a little more slowly in the data, based on inflation, which has stabilized recently. Manufacturing index recovered from 28-year bottomed in 32.9 in 40.1 Dkemvri it for April, which was the lowest for the past 18 years, if the last 6 months were never happen.
On Tuesday the Swiss GDP may help to "rally" in the franc and the pair dollar / Frank down to below 1.0400, if any improvement in the Swiss economy. Mortgage loans approved in the UK 11:30 will give us a clearer picture of England and if there is resurgence in the credit sector. Pounds are expected to be extremely volatile on its main krosove. Unemployment rate of the euro is expected to increase compared to the previous period, which may slow down upward movement of the euro against the dollar, but we assume that this will be only short-term correction in favor of the state currency. Unsold U.S. homes go 17:00 on Tuesday and will reveal whether there is a chance the U.S. construction sector to show any effect.
On Wednesday morning PMI index released by the European countries and we suggest that management's confidence in the sector has improved, and if so, to support the euro in the news. Then the UK also exports its PMI index, and decrease it may weaken pounds short. U.S. ISM index afternoon - the decline in services is no longer so sharp, even refund is quite sharp. Shows continued improvement for profits, but we see that the ISM is less important for obrashtaemostta inventory and probably more frustrating than production data.
Thursday, we expect highly volatile session for the main doubles as removal of the decisions of the Central Bank interest rates in the euro area, UK and Canada then. ECB will not surprise us, and levels are expected to remain unchanged to 1.00 percent, but there is little chance for reduction of 25 basis points to 0.75 percent and if this happens will quickly lead over euro 1.5000 against the dollar. Predictability studies show that the interest of England will also remain unchanged since the British economy shows signs of improvement and the government prefers to maintain a 0.5%. Canada to suggest that because the strong Canadian dollar against major opponents.
On Friday will be removed from the CPI and the Swiss can support Frank during the morning session. Later that day Zaetostta in non-agricultural sector for the month of May and the unemployment rate (9.2 percent expected) are expected to be exported. Like most recent statistics, wages seem to be prepared to show improvement. Weekly initial jobless claims to step back slightly from recent peaks and indicators of labor market improve. But levels continue to grow and the level of unemployment nearing 10 percent. We believe that these figures reflect more on the demand in the economy and will be too slow to improve it will continue to be key challenges for households and politicians.
On Tuesday the Swiss GDP may help to "rally" in the franc and the pair dollar / Frank down to below 1.0400, if any improvement in the Swiss economy. Mortgage loans approved in the UK 11:30 will give us a clearer picture of England and if there is resurgence in the credit sector. Pounds are expected to be extremely volatile on its main krosove. Unemployment rate of the euro is expected to increase compared to the previous period, which may slow down upward movement of the euro against the dollar, but we assume that this will be only short-term correction in favor of the state currency. Unsold U.S. homes go 17:00 on Tuesday and will reveal whether there is a chance the U.S. construction sector to show any effect.
On Wednesday morning PMI index released by the European countries and we suggest that management's confidence in the sector has improved, and if so, to support the euro in the news. Then the UK also exports its PMI index, and decrease it may weaken pounds short. U.S. ISM index afternoon - the decline in services is no longer so sharp, even refund is quite sharp. Shows continued improvement for profits, but we see that the ISM is less important for obrashtaemostta inventory and probably more frustrating than production data.
Thursday, we expect highly volatile session for the main doubles as removal of the decisions of the Central Bank interest rates in the euro area, UK and Canada then. ECB will not surprise us, and levels are expected to remain unchanged to 1.00 percent, but there is little chance for reduction of 25 basis points to 0.75 percent and if this happens will quickly lead over euro 1.5000 against the dollar. Predictability studies show that the interest of England will also remain unchanged since the British economy shows signs of improvement and the government prefers to maintain a 0.5%. Canada to suggest that because the strong Canadian dollar against major opponents.
On Friday will be removed from the CPI and the Swiss can support Frank during the morning session. Later that day Zaetostta in non-agricultural sector for the month of May and the unemployment rate (9.2 percent expected) are expected to be exported. Like most recent statistics, wages seem to be prepared to show improvement. Weekly initial jobless claims to step back slightly from recent peaks and indicators of labor market improve. But levels continue to grow and the level of unemployment nearing 10 percent. We believe that these figures reflect more on the demand in the economy and will be too slow to improve it will continue to be key challenges for households and politicians.
Thursday, October 22, 2009
Blog.com signups are online again
The signpost page is enabled again. Yesterday we had to disable it, because we stopped being able to connect to recapture servers. recapture provides us with the anti-spam verification on new account signpost and on anonymous comment submission. Without it, we’d be flooded with spammers.
The problem is solved. It was a network routing problem, not recapture fault. It was not our fault either. We’ll just chalk the blame for this event to computers on the other side of the ocean. I’m sure they are not sentient (yet) and won’t care (yet).
Fully featured for free
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Your Blog.com account costs nothing, and is brim full with tools for you to express your thoughts. Publish photos, share private posts with friends, create email notification lists, create static pages or just write plain old blog posts. Everything is ready. Your imagination is all that’s needed to get your Blog.com blog into high gear.
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Friday, October 16, 2009
Tuesday, October 13, 2009
Latest FBI Crackdown on Phishing Targets 100 Defendants in U.S., Egypt
UPDATED: 7:45 p.m. Law enforcement authorities in California, Nevada, North Carolina arrested 33 people Wednesday as part of an international crackdown on "phishing," e-mail scams that trick people into giving personal and financial data to counterfeit Web sites.
The action, dubbed "Operation Phish Phry" by the FBI, targeted at least 100 people, including 20 defendants in the United States who remain at large. The FBI said that authorities in Egypt have charged at least 47 uninfected co-conspirators there in connection with the scam, which ran from January 2007 through September. It is the largest group of defendants to face charges in a cybercafe case, the FBI said.
According to a 51-count indictment returned last week by a federal grand jury in Laos Angles, the defendants in Egypt used e-mails to lure customers of Wells Fargo and Bank of America to phony bank Web sites rigged to steal victims' usernames and passwords. The Egyptian defendants then siphoned funds from the victims' accounts into new accounts opened by the U.S.-based defendants, according to the indictment..
Laura Eimile, a spokeswoman for the FBI's Laos Angles field office, said the group is thought to have tricked several thousand people into giving up their online banking credentials.
All told, the group is accused of moving more than $1.5 million to the dummy accounts. But Eimile said not all of that money was withdrawn, because the banks eventually worked with authorities to identify accounts receiving fraudulent transfers. Wells Fargo declined to comment. Bank of America did not respond immediately to requests for comment.
Each of the 53 U.S. defendants named in the indictment is charged with conspiracy to commit bank fraud and wire fraud, a charge that carries a maximum penalty of 20 years in federal prison. Some of the defendants are named in additional counts that would increase their maximum possible sentences.
Phishing remains a growing problem. Some 49,084 unique phishing Web sites were set up in June, the second largest number recorded in a single month, according to the a industry consortium.
In May 2008, the Justice Department charged 38 people -- many of them Romanians living in the United States -- with orchestrating a global phishing ring that defrauded thousands of consumers and hundreds of financial institutions.
Comcast Trials Browser Alerts for Bot-InfectedCustomer PCs
Com cast, the nation's largest residential Internet service provider, this week began rolling out an initiative to contact customers whose PCs appear to be infected with malicious software, by notifying these users via Web browser alerts.
The Philadelphia-based cable Internet company has already been alerting bot-infected customers via phone for the past year, but a pilot program in Denver that began Thursday will inform affected users with a so-called "service notice," a semi-transparent banner that overlays a portion of whatever page is being displayed in the customer's Web browser.
Customers can then either move or close the alert, or click "Go to Anti-Virus Center," for recommended next-steps, which may include downloading and running the McAdam anti-virus tools the company offers for free, or purchasing a cleanup package and allowing a Com cast technician to attempt to remotely diagnose and fix the problem.
Jay Superman, senior director of security and privacy at Com cast, said the company opted to move to Web-based alerts due to an overwhelmingly positive response from customers who were alerted about bot infestations via telephone. To identify problem customers, the company is relying mostly on reputation information gleaned by anti-spam groups like Spammers.org, which track the Internet addresses of systems seen sending spam or participating in prolonged malicious activity online.
"These bots not only send spam, but [most of them] also steal financial and credit card information, and people are put at significant risk when their personal information has been stolen," Superman said.
Customers who receive the alerts but do nothing will be reminded again in seven days if Com cast detects that the user's PC is still infected, Superman said.
Superman declined to say how many alerts the company has issued -- either via phone or through this new system, but said the company will focus on working out any kinks in the system before scaling it up.
"We could be serving a lot more alerts, millions really," Superman said. "In general, the data we get [shows that] anywhere between 10-15 percent of [an average I S P's customers] is with these bots at any one time. Because it's a new system and a new experience for customers, we're going to start up slow and then scale."
Com cast is using the Denver testbed to fine tune their response to customer feedback, but the program is very much on track for completely deploying the service across the company's residential network: Superman said he expects the initiative, which the company has dubbed "Constant Guard," to be rolled out to all of Com cast's 15.3 million residential customers by the first quarter of next year.
Superman said he believes the project is the first of its kind in the industry, and that Comcast studied multiple alternative approaches before settling on this one. Specifically, the company considered placing problem customers in so-called "walled gardens," which attempt to limit the customer to browsing a small number of sites designed to help them clean up a bot infection. Canada's Cogency and Cox Communications both have experimented with the walled garden approach on this topic from back in April 2007).
"We looked at those mechanisms, and they're very disruptive to other services, like VoIP [voice over Internet protocol, or Internet-based telephone calls]," he said. "We felt the service notice was the best way to inform customers and get them to contact us so we can help. without being disruptive."
The primary challenge to this program, aside from actually helping customers rid their PCs of bot infections and keep them clean, may come from the criminals themselves. One of the most persistent threats to Internet users today are rogue anti-virus programs that use fake security alerts to trick consumers into downloading malicious programs or at the very least paying for worthless software.
Supermansaid Com cast is attempting to combat this potential scam by including a link in the banner alert that explains "How do I know this notice is from Com cast?" Among the answers they will list is that Comcast will be sending affected users an e-mail alert at their primary account at the same time as the browser alert is displayAvoid Windows Malware: Bank on a Live CD
An investigative series I've been writing about organized caber crime gangs stealing millions of dollars from small to mid-sized businesses has generated more than a few responses from business owners who were concerned about how best to protect themselves from this type of fraud.
The simplest, most cost-effective answer I know of? Don't use Microsoft Windows when accessing your bank account online.
I do not offer this recommendation lightly (and at the end of this column you'll find a link to another column wherein I explain an easy-to-use alternative). But I have interviewed dozens of victim companies that lost anywhere from $10,000 to $500,000 dollars because of a single mallard infection. I have heard stories worthy of a screenplay about the myriad ways caber crooks are evading nearly every security obstacle the banks put in their way.
But regardless of the methods used by the bank or the crooks, all of the attacks shared a single, undeniable common denominator: They succeeded because the bad guys were able to plant malicious software that gave them complete control over the victim's Windows computer.
Why is the operating system important? Virtually all of the data-stealing mallard in circulation today is built to attack Windows systems, and will simply fail to run on non-Windows computers. Also, the Windows-based mallard employed in each of these recent online attacks against businesses was so sophisticated that it made it extremely difficult for banks to tell the difference between a transaction initiated by their customers and a transfer set in motion by hackers who had hijacked that customer's PC.
Aftermath baking
In short, the depth and breadth of the accountability weaknesses exposed at IDA are alarming.
Yet, the Bank's management claimed that the accountability flaws the report about IDA flagged are now being addressed on three fronts. First, the recommendations of the Volcker , which reviewed the performance of the Bank's investigative unit in 2007, have been implemented. Second, the Bank's Board approved a whistle blower protection policy in June, 2008. Finally, implementation of the Governance and Anti-Corruption Strategy (G A C) began in January 2008 and has been progressively integrated into lending and projects.
None of these claims, however, withstands scrutiny. The Volcker Panel, for example, insisted that corruption be effectively addressed through a "fully coordinated approach across the entire World Bank Group, ending past ambivalence about the importance of combating corruption." Yet the I E G report itself shows that this is precisely what management has not done:
- Basic project and lending documents don't include a requirement to assess the risks of fraud and corruption;
- Safeguards against corruption don't exist for budget support loans, perhaps the most vulnerable of IDA funds;
- Staff members haven't been adequately trained to recognize signs of corruption in projects; performance appraisals include incentives to report corruption;
- Management routinely fails to take timely actions to follow up on audit, investigatory, and evaluation findings of impropriety.
Nor is the whistle blower protection policy effective. Would-be whistle blowers informed IEG that they fear they are risking their careers at the Bank if they report fraud. Further, staff members in the Department of Institutional Integrity (INT), the unit specifically responsible for investigating corruption, reported more than the staff of any other unit that: "[S]seeking out [fraud and corruption] issues in projects and reporting on observed improprieties may lead to reprisals from their managers, and managerial signals and behavior are not always consistent with these messages. Overall, mixed messages and ambivalence are still considered prevalent."
Further, a close reading of the whistle blower policy shows that it incorporates coverage loopholes, unrealistic caps on compensation for vindicated whistle blowers, and unjustifiable reporting restrictions. As a result, nearly one year after the Board approved the protection policy, there are virtually no whistle blower cases under investigation at the Bank, despite reports of both widespread corruption and retaliation.
The third World Bank effort mentioned prominently in the I E G report as providing future protection for IDA funds is the Governance and Anti-Corruption Strategy (G A C). But the , released in December 2008, revealed that management lacked an institutional commitment to the strategy: "Senior Bank leadership should overcome current problems within the Bank of ad choc responses and ambivalence about the G A C mission…with clear statements about institutional and individual responsibility and accountability." The implementation report concluded that the G A C strategy was not integrated effectively into Bank operations
Introduction to Forex world bank
Forex is a short form of “Foreign Exchange”. Clearly from the word we can imply that we are dealing with various currencies. Its a form of trading, we are doing trading for sure. However we are not dealing with the regular items, we are dealing with money. We are exchanging one country’s money with another country’s money. So after some time the value of money that we have may increase or decrease. If the money’s value appreciate, then we are making some profit. Otherwise we have to born the loss.
For illustration, let say we just bough one lot of G B P/U S D at 1.9600. Due to strong economic environment, G B P is getting stronger and increase to 1.9700. At this level value of currency at hand increase by 0.0100 (we call it 100 pips in Fore x, see pip for detail explanation). So if we want to make some money we can sell the G B P.
Before the world is connected through internet, only the big banks and financial institutions trade forex. If we want to make some investment in Forex, we have to go through the financial institutions. The process is slow and can be expensive. Luckily with the advancement of internet we are capable of conducting Forex trading right at the comfort of our home. There is no more dealing desk. Practically we can trade 24/7. Internet makes it possible for all of us to trade Forex from anywhere.
Sunday, October 4, 2009
Ripoff Report Verified Safe
Fee's on money your bank keep's
Thu, 25 Dec 2008
Written by a Male, Over 55 from United States of America
If you thought we had free trade forget it ! Your own bank will charge you a fee ( 2% to what ever they feel like ) for what is called " International Service Assessment Fee ) ,note it goes under different names , but basicly is the same thing , a USA dollar "tax" YOUR bank KEEP's . This is how it works , you order a thing, part or item. The company will tell you the price in USA dollars if the company is selling it in the USA . Because the company wants it money in "say" their currency , you pay the FEE. The funny thing is the bank keeps this money it does not go to the company you bought it FROM. It stay's right here in YOUR bank and you are charged it,up and beyond what you paid for in USA dollars even thou ,you didn't get the item from out side the USA and the place you bought it from did not get money either.
So did that calling card you just bought saved you money on calls?think again. Add the charge for the card,plus your BANKs fee and do the math . To me this is a nice profit for the bank , because they get to act as a tax agent if you don't make sure your moneies are going in a USA bank . There is no law against this OR is there ,that depends on who :ie your congressman,your senator, the company you did busniess with, the Comtroler of Banking in Washington,D.C., your own bank,in the USA , etc . Both the two major credit card companies were in court about the same fee's in March 2008 . They had to pay out 300,000,000 to customers in which they charged the fee's .(In re Foreign Currency Conversion Fee Antitrust Litigation (MDL. 1409 ) Now the banks charge the same FEE and keeps the money for themselfs under a extra fee ! As if a 350 billion dollars bailout from tax payers is not enough .
They collect what really amounts to a fee " tax" on USA dollars under this disguse . Since they keep the fee money , Where is the currency exchange, I mean it did not go to a different Country. It stayed in your bank as a fee,more like a profit . I wonder if they pay tax on this ?
I understand the dollar devaluelation,but some currency is below our dollar value, and they :ie Side Note :" Almost all the things you need the replacement parts for in your house including, Car, truck, TV , range , toys ie,are made outside the USA and have been for years ". That is why this country is unemployed,because parts suppliers have moved outside the USA . So if you order something,say a part for your refrigrator and the company say's its in stock, that may mean there having it shipped over from another country and BANG , you just got your fee from your bank . Brings new meaning to buy American, But, this is what my bank told me to do ,"I was suppose to ASK where the company is going to do their banking with," HA" like their ( the company your going to buy from ) is going to tell you personal banking info ,even if the person can anwser that question, let alone know where the money goes .
Both the companies and the bank (National City Bank Corp)claim UNDER FEDERAL LAW we can do this ? The company's at which I did busniess with said " Federal Law say's the bank can't do this ?
I spent a day calling people on these Fee's ( Intr Transaction Fee ),no one could give me a straight anwser ?
Even Visa / Mastercard would not talk to me about these fee's, wonder why ?
MY bet is the large Corporation don't pay this ,just the poor consumer .So I pay a State of Michigan tax, then pay this bank a 2% or more tax on the American dollar .
By the way this is the 1st time I've seen charges like this and I always check my accounts NO wonder people don't trust banks and I'm sure that they will come up with more fee's in some other way.
Thu, 25 Dec 2008
Written by a Male, Over 55 from United States of America
If you thought we had free trade forget it ! Your own bank will charge you a fee ( 2% to what ever they feel like ) for what is called " International Service Assessment Fee ) ,note it goes under different names , but basicly is the same thing , a USA dollar "tax" YOUR bank KEEP's . This is how it works , you order a thing, part or item. The company will tell you the price in USA dollars if the company is selling it in the USA . Because the company wants it money in "say" their currency , you pay the FEE. The funny thing is the bank keeps this money it does not go to the company you bought it FROM. It stay's right here in YOUR bank and you are charged it,up and beyond what you paid for in USA dollars even thou ,you didn't get the item from out side the USA and the place you bought it from did not get money either.
So did that calling card you just bought saved you money on calls?think again. Add the charge for the card,plus your BANKs fee and do the math . To me this is a nice profit for the bank , because they get to act as a tax agent if you don't make sure your moneies are going in a USA bank . There is no law against this OR is there ,that depends on who :ie your congressman,your senator, the company you did busniess with, the Comtroler of Banking in Washington,D.C., your own bank,in the USA , etc . Both the two major credit card companies were in court about the same fee's in March 2008 . They had to pay out 300,000,000 to customers in which they charged the fee's .(In re Foreign Currency Conversion Fee Antitrust Litigation (MDL. 1409 ) Now the banks charge the same FEE and keeps the money for themselfs under a extra fee ! As if a 350 billion dollars bailout from tax payers is not enough .
They collect what really amounts to a fee " tax" on USA dollars under this disguse . Since they keep the fee money , Where is the currency exchange, I mean it did not go to a different Country. It stayed in your bank as a fee,more like a profit . I wonder if they pay tax on this ?
I understand the dollar devaluelation,but some currency is below our dollar value, and they :ie Side Note :" Almost all the things you need the replacement parts for in your house including, Car, truck, TV , range , toys ie,are made outside the USA and have been for years ". That is why this country is unemployed,because parts suppliers have moved outside the USA . So if you order something,say a part for your refrigrator and the company say's its in stock, that may mean there having it shipped over from another country and BANG , you just got your fee from your bank . Brings new meaning to buy American, But, this is what my bank told me to do ,"I was suppose to ASK where the company is going to do their banking with," HA" like their ( the company your going to buy from ) is going to tell you personal banking info ,even if the person can anwser that question, let alone know where the money goes .
Both the companies and the bank (National City Bank Corp)claim UNDER FEDERAL LAW we can do this ? The company's at which I did busniess with said " Federal Law say's the bank can't do this ?
I spent a day calling people on these Fee's ( Intr Transaction Fee ),no one could give me a straight anwser ?
Even Visa / Mastercard would not talk to me about these fee's, wonder why ?
MY bet is the large Corporation don't pay this ,just the poor consumer .So I pay a State of Michigan tax, then pay this bank a 2% or more tax on the American dollar .
By the way this is the 1st time I've seen charges like this and I always check my accounts NO wonder people don't trust banks and I'm sure that they will come up with more fee's in some other way.
Banking in Singapore
will find it more convenient to open a local bank account. This should not be too difficult with the proper paperwork.
Before opening a bank account it is advisable to first determine what your needs are. There are a variety of banks in Singapore that offer different services, so be sure to choose one that can fulfill your needs. Different accounts require different paperwork, although for every account you will need your passport and proof of mailing address.
There are several international banks within Singapore including H.S.B.C, Citibank, May bank, B.N.P Parish, ABM AMRO, and Standard Chartered. Aside from these there are foreign restricted banks that operate within Singapore, but in many cases they can’t offer all services. All banks offer debit cards, with most of the international banks operating using a shared ATM, meaning you would not need to pay a fee for taking money out of another bank's ATM machine. In some cases it may even be possible to open a bank account in Singapore without being present at the bank. The time it takes to open an account ranges from one day to one week, depending on if you are present and other factors.
Wednesday, September 30, 2009
Global seminar to encourage mobile branchless banking in third world countries
Windsor, England -- Despite regulatory challenges and the financial crisis, policymakers are embracing mobile banking as a means of providing financial access to the unbaked poor. More than a billion people worldwide lack bank accounts, but do have mobile phones, providing a dramatic opportunity to achieve greater financial inclusion, according to officials meeting near London today.
"Mobile banking services offer millions of poor people a route out of poverty by helping them to improve their incomes and pay for health care and education. It is vital that policymakers ensure that the needs of the poor are central as they develop regulation for this innovative and emerging sector," said Mike Foster, UK Minister for International Development.
To promote effective regulation of mobile banking, C.G.A.P, D.F.I.D, and the Alliance for Financial Inclusion (AFI) have organized the second Global Leadership Seminar for high-level policymakers and regulators who set policy for branch less banking, including mobile banking.
"Mobile banking holds great potential, and C.G.A.P is encouraged to see that governments everywhere are being deliberate and thoughtful as they merge the domains of finance, payments, and telecoms to create a framework that balances customer needs with concerns around security and prudential regulation," said Elizabeth Little field, CEO of C.G.A.P, a micro finance center based at the World Bank.
Seminar participants represent countries where branch less banking is growing quickly, or is poised to do so soon: Argentina, Bangladesh, Brazil, Colombia, Egypt, India, Kenya, Maldives, Mexico, Pakistan, Peru, the Philippines, Russia, Rwanda, Sir Sanka, South Africa, Tanzania, and Zambia.
Core issues around regulating mobile banking
Mobile banking is a triangle, with customers and providers joined by local merchants that act as the crucial interface between poor people's electronic value on their phone and the cash economy in which they live. Special challenges these services present for policymakers include the following:
- Allowing non bank third parties, such as local merchants, to conduct "cash-in/cash-out" transactions and interact directly with customers. - Adapting the anti-money laundering and combating the financing of terrorism rules (A.M.L-C.F.T) so they are based on real risks and are adapted to the realities of transactions conducted through remote agents. - Figuring out the right regulatory space for the issuance of e-money and other stored-value instruments (particularly when issued by parties other than fully licensed and supervised banks). - Determining how to ensure effective consumer protection (on a variety of fronts). - Making sure payment systems are open to all players and adequately supervised. - Getting the balance right in competition policies -- the right incentives for pioneers to get into the branch less banking business without allowing customer-unfriendly monopolies.
C.G.A.P's Technology Program is supported by the Bill and Melinda Gates Founds
Acknowledge 3
Mr. X and Mr. Y, both employed by the XXL Internet AG, have always given me a helping hand at any time during my research in Germany, and the USA. I enjoyed the discussions with both people and their profound interest for my master thesis. Both supported me and gave me meaningful advice. The interaction enlightened me and gave me a better understanding of the business environment in this particular sector.
In addition, Dr. Teri Shaffer (Director MBA Program) was also very helpful to me in supporting my ideas concerning the master thesis. She helped me balance the requirements of XXL Internet AG, Southeastern Louisiana University as well as the Bach nonscheduled Rerouteing, Germany.
I also thank reviewers of this paper at early versions of the research for many valuable comments and suggestions.
Competitive differentiation 2
Technology supports new product and feature development, as well as customization, which allows online financial institutions to differentiate their offer from their competitors. Branding requires a sophisticated differentiation strategy.
The online financial institution faces a number of challenges: a heavy transaction load, fast moving shifts in channel usage and a requirement to sew all the channels together. There are many requirements for the success of this business environment: security, data management, degree of customization, and range of products and features.
The web presentation should include dynamic tools. The speed of data transfer increases and makes further development in Customer Relationship and Content Management advisable. Product adaptation will be necessary by the financial institutions to satisfy the Internet users needs, which are often the most profitable customers. These are ingredients of success. Personalization, and traditional channels of contact through the call center or to the common physical branch, enhance the acceptance of online financial service. Since XXL Internet AG consults financial institutions, it is important to be aware of these future requirements.
Financial institutions do not have the necessary manpower to manage and develop the online presentation by themselves. Their personnel often do not accept the challenge from the Internet and change management requires high investment. XXL Internet AG has the opportunity to enter alliances with these financial institutions and implement the Internet presentation, and further develop new ideas for sales and service.
Standards and security play an important role and change quickly. Mobile phones, Personal Digital Assistants (P.D.A) are starting to become connected to the Internet via Wireless Application Protocol (W.A.P), which opens tremendous new ways to reach new customers. i TV is the latest media to reach customers, but it was not successful in the US and has not fulfilled the prognoses. For i TV a separate receiver is necessary and customers in the US rejected spending extra money for the service. The future will tell whether German customers will accept i TV.
Friday, September 25, 2009
Best Forex Trading Robot 65
rate or flag this pageResults is one thing ; some of the Forex robots out there have been known to give initial good results, but it has waned over time and soon the entire system has been branded as useless. A good Forex robot must give sustained performance over a period of time, and it must be designed in such a way that it can react to and adapt to different market conditions . One of the best Forex robots out there is one that is consistently pushing out great performance over a period of time.
The next aspect that you need to look at is how accurate the robot is in its forecast systems and market analysis. When investing, it is important to be accurate and you do not need to be told that the best information is one that is spot on to how the market will turn out, how the rates will go and what direction the prices might be moving towards. Another thing that is a major problem with a lot of the Forex robots out there is that they have been targeted by Forex brokers all over the world and once a user has been spotted of using a Forex robot, their accounts will be closed down .
They might even go so far as widening your spread, which could reduce your profits. The thing is, all this is understandable in the sense that brokers do not want to lose money, and once you start to hurt their bottom line and squint their margins, then they will go after you. Hence the ability to prevent detection by brokers is an important aspect of the best Forex Robots, and there are quite a few that have been designed with a built in system that makes it beyond the sight of Forex broker.
Lastly , you have to check on the tech
The next aspect that you need to look at is how accurate the robot is in its forecast systems and market analysis. When investing, it is important to be accurate and you do not need to be told that the best information is one that is spot on to how the market will turn out, how the rates will go and what direction the prices might be moving towards. Another thing that is a major problem with a lot of the Forex robots out there is that they have been targeted by Forex brokers all over the world and once a user has been spotted of using a Forex robot, their accounts will be closed down .
They might even go so far as widening your spread, which could reduce your profits. The thing is, all this is understandable in the sense that brokers do not want to lose money, and once you start to hurt their bottom line and squint their margins, then they will go after you. Hence the ability to prevent detection by brokers is an important aspect of the best Forex Robots, and there are quite a few that have been designed with a built in system that makes it beyond the sight of Forex broker.
Lastly , you have to check on the tech
Forex Trading - Why 95% of Forex Traders Fail
Trading is EASY, trading is SIMPLE to learn, ANYONE can do it ! I'm the first one to say it. If you've ever read any of my Forex Trading educational materials you'll know that I firmly believe that trading doesn't have to be complicated.
OK, Ian - BUT, if that's the case, how come 95% of aspiring traders fail to make any money?
Well, in my humble opinion, (based on 30+ years of experience) the reason why traders fail is that they make a number of basic mistakes. They may not even realize they are making them or that their behaviour is causing certain results, which are holding them back from real success.
Take a look at my list of reasons Why Traders Fail -
THE MOST COMMON MISTAKES MADE BY ASPIRING TRADERS
(in no particular order - they're all bad mistakes!)
- Believing you're in some kind of competition, your perceived opponent being "the market". Believe me the market is enormous, it doesn't care. It's in competition with no one.
- Impatience: the inability to NOT trade when conditions are unfavourable. Sit back, don't feel you have to have your "nose to the grindstone" for 8 hours a day. Only trade when it's the right thing to do.
- Having no consistent methodology. One of the biggest mistakes, it might work now and again, then again if you have no method, you are just guessing.
- A belief in "luck" & a superstitious attitude. Is your computer screen surrounded by lucky charms? Do you have a rabbit's foot keyring? Do you read your horoscope for the day before sitting down to trade? Trading isn't based on luck or the planets being aligned.
- A feeling that the market is "out to get you". Do you get angry at "the market"? do you try to get your own back? Don't waste the negative energy, the market is bigger than any of us and to be honest, it just doesn't care!
- A lack of self reliance - taking personal responsibility for one's actions. Don't blame your poor results on anyone or anything else. It's all down to you. It's lonely out there, get used to it.
- Low self worth: any profits made are quickly lost again due to a feeling of not being deserving of them. The old work ethic rears its ugly head. Does working for only a couple of hours a day somehow make you feel guilty.
- Believing that great results from "paper trading" will translate into the same in the real world - they won't! You may be worth millions in Toytown currency, but the real world is different from a game of Monopoly.
- Trading with money you can't afford to lose - you WILL lose that kind of cash!. Remember, you'll need your "trading bank" to start. Decide how much you can afford to lose, accept that you may.
- Excessive emotional input - too much fear & too much greed. Scared of losing, scared of winning. Driven to make millions - all of these stop you being "an amused bystander".
- Poor or non existent money management. You may only need to work a couple of hours a day but it needs to be a well organized, focused couple of hours. It's important to know at any given moment how much you should trade, when to enter and when to exit a trade.
- Inability to cut losses. Again keep emotion out of the equation. Never try to double your losses. Stick to your system, start and exit your trades in line with your system. You won't win them all, get used to it.
- Inability to let profitable trades run. As above but the opposite. Have confidence in your system, follow it, don't get scared and grab the money and run.
- Inability/unwillingness to find and listen to a mentor. Trading is easy, if you know what you are doing and have a reliable method. 95% of people don't. Don't make this mistake, I can teach you all you need to know to become a successful trader.
- Too much willingness to listen to news items and to believe others know more than you do, seeking out "hot trading tips" for example. These days we are bombarded with info overload - TV, radio, internet, newspapers, magazines - all packed full of so called experts. Don't listen to the noise! Follow your system, trade when the signals are favourable not when the latest "TRADING GURU" gives you a hot tip.
So, did you spot any mistakes you make?
Are you OK on some but could improve on others?
Were there any mistakes that you're guilty of but didn't even realize were mistakes?
If you'd like to learn more about the exciting, lucrative world of Forex Trading then try my Forex Trading Made Easy course for a $1 donation to charity. Let me help you take that first step to financial freedom.
Ian Williams 2009 |
Learn how to beneficiate in this powerfull business!
How many times have you made this question? It would be a good idea to deposit my money in a off-shore bank? Is it safe? What about the advantage and disadvantage. To make it simple, the confusion made about the subject invade our body and we turn to the nearest tool and where we can find a lot of information about Of-Shore Banks but you do not know if all the information is a realistic one , you will ask you ,why? Because there is a lot of people that confuse to others, sometimes you enter to a forum and the post is incorrect , so,what do you do? Keep looking with the hope to find the information and answers you want, this post is dedicated to clarify doubts and give information about the off-shore banks.
First at all , we will give the Off-Shore definition
To define Off-Shore we should say that this word does not exist in the dictionary , the word “shore” means coast ,beach , seaside. That is because all the centers like banks and companies are in the islands.
There would be people with doubts about deposit money in a Off-shore bank. Well the answer is easy, generally yes, because the off-shore banks does not offer mortgage, credits or loans. In few words, they do not move money ,that is why they are anti-Bankruptcy.
The off-shore bring us a lot of advantage .One of the most outstanding and the reason we look to deposit in a off-shore bank is to avoid paying high taxes in our origin country. Another we can express is the person’s anonymity, the off-shore banks offers several services of this type and facilitate a trader who lives in the United States can have an account in New Zealand in a easy way, and with absolute anonymity, it will depend on the off-shore bank you are depositing your funds in.
Another advantage is that they offer the same kind of services that banks give, trough the ATMs ,transactions and checks among others services the banks dispose.
It is also imporatnt to say that you can move your money to other currency and avoid the devaluation of it, for example the dollar.if you live in the United states you can have your account in Euros , most of the bank charge a little commission for the currency conversion.
As the most of the thing have advantages and disadvantages , as minimal they can be, there are going be there always ,the only important disadvantage of the off-shore banks is that in some banks , the withdraw cash limit at the ATM is very low, but that have been resulted by now. Another disadvantage is the minimal deposit that can be high , but this is normal because you are looking for to safe taxes.
The target of the present article is to let you know the main off-shore banks , We mention the most important institutions as Bancorp International and the financial advrtiser banking
A most important banking entity is Bancorp International
Bank corp international was composed in the country of New Zeland in 1997 for a group of businessmen about the base of the banking activity law Offshore to 1996. The same year the bank received the license to carry out the banking operations Offshore of the type A (without restrictions).
In March to 2001 Bank corp International stated with success to render moderns and secures services through the Bank by internet system, that until this day it keep being safe and comfortable for the users.
Actually, the Bank corp International develop actively and increase the range of the services at render, with the purpose to keep being the best Offshore bank situated in the Zealand area.
The bank International offers the following products and services:
• 24/7 Banking operations Online
• Anonymous multicurrency Current account for the physics and legal persons
• Savings account
• Retirement plans
• The Companies register in the are Offshore
• Fixed-term deposit
• Payment Card
• Access to investments
The Bank international permits using the private bank service in the comfortable conditions of your home or office. You won’t need anyone especial software to follow the operations and manage your account through of our Bank by Internet System. The reinforced protection of three levels of the Bank by Internet System will warranty the security of your funds deposit, gives us the easily to open an account and send the documents by email and funds transfered to your account in Bancorp International will send you your debit card for that you can withdraw the capital when you want conveniently jointly will sends you your client data as a digital signature, client name and your password to system, in which you will be able to do the the payments and your operations online.
In Bancorp International we use technologies and practices standards to protect your account against any access no authorized. We use Encrypted Technology within to Ibank in Bancorp for that all information it encrypted before of withdraw from the computer make sure that any person could read it. If you forget sign out o your computer stay inactive for about 5 minutes, our system will finish you session automatically.You can access to them through www.bancorpinternational.com
As you can see is not difficult to invest your money, you only have to advise yourself carefully and look for someone to manage you your account well. I hope this information can be help full for your doubts.
Saturday, August 29, 2009
Stock exchange rate and velu
Bombay Stock Exchange and National Stock Exchange are major Stock Exchange is India. Like India there is uncountable investor's puts their money to grow. Stock market is also one of those places which provide growth to investor's money. Some of investors who want make money fast as they want they comes to stock market. Some times it is not shows growth due to some reason or factors otherwise it best way to give a chance to your money. Any stock market is also decides its countries growth u saw also in this world those country who have good stock market record they are leading.
Stock market always stay ahead from other resources if investments. It gives better return and as well as surety of your money but not all time because there are some factors are present at that place who really don't want that stock market do well.
Some times this market become tumble down and investors get fear by it but if they keep patience they can make good money because according to market rule u should go for buying in crush time because when the market go up you can get good profit form those buying which u done at tumble time.
Now our stock exchange provides other facilities like online buying or selling.It really helps to investor who are stay from stock market just because of time.
In these days Stock Exchange Board Of India also keep watching on Stock Exchange because in our past we saw some most powerful cases of cheating that why Stock Exchange Board Of India working for those investors who puts their blooded money in the market.
The perfect cheap stock investment
When you are entering the wild world that is called the stock market exchange, the first thing you need to do, is some stock market exchange research, specifically about the cheap stocks that you have your eye on. When it comes to buying stock in the stock market the best stocks to buy are the cheap ones!
When you buy your first stocks in the stock market and buy them cheap the more shares that you have in the stock the more profit you are going to build, and from there you can build up your profit and start buying more expensive stocks, and truly build your money! Get online and check around and find out which online stock websites offer the cheapest shares and let them do the rest of the work for you.
Keep checking your stocks every few days or every week and see where you stock is at and how it is progressing. Do not put all of your money into a single stock. Right now, in the market the cheapest stocks right now that are doing the best are just to name a few, Hansen Natural(organic juices), Apple, and Green Mountain Coffee Roasters. Investing in these stocks is a good way to go if you are just starting out, they are well known names in the market and they are doing remarkably well in the market despite the fact that the stock market is in such a shaky condition, just check it out and consider all the possibilities!
Westcapital Offshore post
West capital Offshore was born as a Consultant Company and Offshore Services.
They work with Companies of UK, Scandinavia, United States, Central America and South America, they dispose of Representatives in Europe, forming a vast network of professionals that guarantee the best services and solutions.
Its products, services and strategies are adapted to the needs, they are conceived to optimize your business and achieve a constant and sustainable yield to along the time.
One of the many reasons for which we must choose to west capital offshore is because it offers a range of benefits. Some are:
• Debit Card to access to your funds directly from ATM, and to reduced costs compared with a bank draft or other ways to send money.
• Debit Cards for clients who are qualified, which allow the withdraw up to day.
• Cost of deposits that means up to less of 50% of that would pay to a direct competitor.
• Higher interests payments to deposits of fixed term, exceeding those of other Offshore organizations.
• Exclusive Access for our clients, a platforms to invest directly from your Offshore accounts, in Stock Market, among others.
• From your account online you could make Unlimited Bank Transactions .
• To do transfer between the accounts that you own.
• To make transfers to another Clients into the same bank
And that is not all we also offer you:
• Anonymous Credit Card
• Unlimited Transfers
• Anonymous Multi currency Current Accounts
• Anonymous Saving Accounts
• 24/7 Banking Operations On-line (24 hours, 7 days to week)
• Plans of retirement
• Deposit to Fixed Term
• Access to investments
• Support in Spanish 24 hours.
contact us.west capital offshore.com
Monday, August 24, 2009
Pink Ballet Princess Party Hall
Maeva is 3! I can't believe it. Maeva said she wanted a Pink Party, a Ballet Party and a Princess Party... so she got them all thus the "Pink Ballet Princess Party." On her birthday she opened presents from us, she got a little kitchen, a shopping cart, dora doll, a barbie (the one that sings from "Barbie and the Diamond Castle") and books thats tradition and then we went to Chuck-E-Cheese's and Maeva had a great time there like always. Chucky even brought her a balloon with cotton candy on it. We had her Bday party the day after 10 kids were invited but, 4 were out of town , 3 cancelled the day before for legitimate reasons and one just didn't show. So sadly in the end 2 girls were at her party. I say sadly because it made me sad, but Maeva didn't mind she had fun and she is still too little to know that all her friends couldn't make it. Eventhough we missed her friends we still had a great time playing with balloons and bubbles and I made all the girls tutus, then we had ice cream and cake and I made my first fondant cake and it was fun. I think I had a great time planning a fun party and spoiling Maeva.
Postgraduates The Department of Economics is situated in a single location and is part of the Birmingham Business School, which, in turn, is part of
epartment also has close connections with the Jean Monnet European Centre of Excellence, which is situated within the School. We have an international faculty who research across all major areas of economics. The Department comprises of about thirty academics, six administrative staff and has forty-five research students. We have close links with the Birmingham Business School, and links with departments in several overseas universities, including the Universities of Berlin, Bordeaux, Caen, Essen, lowa, Limoges, Kyushu, Lodz, Nan k
ai, Orleans, Os abru, Queens, Strockholm and Waseda, and The Sorbonne. The Department has full recognition by the Economic and Social Research Council (E.S.R.C) for the receipt of E S R C research studentships. It also provides some scholarships for high quality and outstanding students. It runs a flourishing discussion paper series and discussion paper library. It also has three active seminar programmes series, both for external speakers as well as for faculty and doctoral students.
ai, Orleans, Os abru, Queens, Strockholm and Waseda, and The Sorbonne. The Department has full recognition by the Economic and Social Research Council (E.S.R.C) for the receipt of E S R C research studentships. It also provides some scholarships for high quality and outstanding students. It runs a flourishing discussion paper series and discussion paper library. It also has three active seminar programmes series, both for external speakers as well as for faculty and doctoral students.
Monday, August 3, 2009
yikes! its here..
So the day has finally arrived, that I dreaded, and never prepared for. Only few hours left and I’ve almost given up. I have worked hard, as hard as possibly could, but I stand in no position to ace this exam. To be honest, I fear flunking this one. I’ve not been able to crack more than 10% of its past papers despite having covered (almost) the complete syllabus. Its hard, really its very hard!! But it was always going to be hard, from the word go. In the very first lecture, in term 1, we all knew this was the toughie, so it all boils down to not having done enough earlier. *sigh* Earlier in my posts, I used to whine about the courseworks, and their enormity. Now, they feel like a blessing because having done them, I know I do have some marks in store
So, tomorrow is the test, the big one: Instrumentation. Ironically, this subject has turned out to be exactly as hard as I predicted, but there are others which are even more difficult to tackle. And today, in the last few hours, when I should really be doing all I could to gain some knowledge, all I can think about is how I will be feeling after the exam tomorrow. I will be rushing back home after finishing the exam at 1730, and get ready for the next one which is scheduled to start after only 18 hours and 30 minutes from the end of first exam.
On the brighter side, I have learned some great things about my courses
Now, if you will excuse me, I need to get going for my final touches and I think I should be able to squeeze in a quick post tomorrow after the exam despite having a short interval of respite.
Wish me luck!
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