:: Famous Forex Quotes

1. “If you get in on Jones’ tip; get out on Jones’ tip”. If you are riding another person’s idea, ride it all the way.

2. Run early or not at all. Don't be an eleven o'clock bull or a five o'clock bear.

3. Woodrow Wilson said, "a governments first priority is to organize the common interest against special interests". Successful traders seek out market opportunities capitalizing on the reality that government's first priority is rarely achieved.

4. People who buy headlines eventually end up selling newspapers.

5. If you do not know who you are, the market is an expensive place to find out.

6. Never give advice-the smart don't need it and the stupid don't heed it.

7. Disregard all prognostications. In the world of money, which is a world shaped by human behavior, nobody has the foggiest notion of what will happen in the future. Mark that word-nobody! Thus the successful trader bases no moves on what supposedly will happen but reacts instead to what does happen.

8. Worry is not a sickness but a sign of health. If you are not worried, you are not risking enough.

9. Except in unusual circumstances, get in the habit of taking your profit too soon. Don't torment yourself if a trade continues winning without you. Chances are it won't continue long. If it does console yourself by thinking of all the times when liquidating early preserved gains you would otherwise have lost.

10. When the ship starts to sink, don't pray-jump!

11. Life never happens in a straight line. Any adult knows this. But we can too easily be hypnotized into forgetting it when contemplating a chart. Beware of the chartist's illusion.

12. Optimism means expecting the best, but confidence means knowing how you will handle the worst. Never make a move if you are merely optimistic.

13. Whatever you do, whether you bet with the herd or against, think it through independently first.

14. Repeatedly reevaluate your open positions. Keep asking yourself: would I put my money into this if it were presented to me for the first time today? Is this trade progressing toward the ending position I envisioned?

15. It is a safe bet that the money lost by (short term) speculation is small compared with the gigantic sums lost by those who let their investments "ride". Long term investors are the biggest gamblers as after they make a trade they often times stay with it and end up losing it all. The intelligent trader will . By acting promptly-hold losses to a minimum.

16. As a rule of thumb good trend lines should touch at least three previous highs or lows. The more points the line catches, the better the line.

17. Volume and open interest are as important to the technician as price.

18. The clearest and easiest way to determine a trend is from previous highs and lows. Higher highs and higher lows mark an uptrend, lower highs and lower lows mark a downtrend.

19. Don't sell a quiet market after a fall because a low volume sell-off is actually a very bullish situation.

20. Prices are made in the minds of men, not in the soybean field: fear and greed can temporarily drive prices far beyond their so called real value.

21. When the market breaks through a weekly or monthly high, it is a buy signal. When it breaks through the previous weekly or monthly low, it is a sell signal.

22. Every sunken ship has a chart.

23. Take a trading break. A break will give you a detached view of the market and a fresh look at yourself and the way you want to trade for the next several weeks.

24. Assimilate into your very bones a set of trading rules that works for you.

25. The final phase in a bull move is an accelerated runaway near the top. In this phase, the market always makes you believe that you have underestimated the potential bull market. The temptation to continue pyramiding your position is strong as profits have now swelled to the point that you believe your account can stand any setback. It is imperative at this juncture to take profits on your pyramids and reduce the position back to base levels. The base position is then liquidated when it becomes apparent that the move has ended.

Forex Software

We are proud to present some usefull FX Software for free download. Take a look on the list below:

* Forex Market Hours Monitor

Published: November 26, 2006 08:51

This software will help you to manage your account and to see main bourses working time.
Download Forex Market Hours Monitor, 256k

* Profinacci Calculator

Published: November 26, 2006 08:51

This programm will help you to count Fibonacchi levels for uptrends and downtrends.

Terminal MetaTrader 4

* Our Servers
* Client Terminal
* User's Guide
* PDA Mobile Forex Trading
* Smartphone Mobile Forex Trading

Our Servers

Server for demonstration access: 74.86.131.115:443
Alternative for demonstration access: 174.36.134.252:80
Server for real access: 74.86.131.114:443
Alternative for real access: 208.43.246.179:80

What Moves Forex

Foreign Exchange is affected by various economic and political factors. The largest fluctuations in currency prices usually occur during Central Bank intervention, when governments trade in huge amounts forex in an attempt to either raise or lower the value of their own currency. This, aswell as many other factors such as interest rate changes, economic figures, political instability and large lot transactions by hedge funds can move the market.

::Banks Directory

HE BANK OF KHYBER
Bahria Complex II,M.T.Khan Road
Saddar
Ph. 5611812-5611811-5611898-5611809 Fax: 5611874
THE BANK OF TOKYO-MITSUBISHI LIMITED
1st Floor,Shaheen Complex,M.R. Kayani Road
Saddar
Ph. 2630175-2630171-2630172-2630173 Fax: 2631368
THE CHASE MANHATTAN BANK,N.A.
Shaheen Commercial Complex,M.R.Kayani Road
Saddar
Ph. 2633079-2633073 Fax: 2631393
THE HONGKONG AND SHANGHAI BANKING CORPORATION
12th Floor,Shaheen Complex,M.R. Kayani Road
Saddar
Ph. 2630389-2630386-2630387-2630388 Fax: 2631526
THE INSTITUTE OF BANKERS IN PAKISTAN
Moulvi Tamizuddin Khan Road
Saddar
Ph. 5686955-5687515-5684575
THE INVESTMENT BANKS ASSOCIATION OF PAKIS
7th Flr,Shaheen Comm. Complex,Dr. Ziauddin Ahmed Road
I.I.Chundrigar Road
Ph. 2639046-2639042-2631896 Fax: 2630678
TRUST INVESTMENT BANK LTD.
B-1002,10th Floor,Lakson Square Building No.3,Sarwar Shaheed Road
Saddar
Ph. 5685494-5685123-5684994-5685299 Fax: 5685283
UNION BANK LTD.
1st Floor,Imperial Court,Dr.Ziauddin Ahmed Road
I.I.Chundrigar Road
Ph. 5686977-5215416-5215408
Fax: 5684971
UNION BANK OF SWITZERLAND
1st Flr,State Life Bldg.# 1-A,
I.I. Chundrigar Road
Ph. 2420090-2420081-2420089-2420083 Fax: 2418061
UNITED BANK LTD.
Al-Hayat Building Branch
Saddar
Ph. 7722149
UNITED BANK LTD.
P.E.C.H.S Branch
Tariq Road
Ph. 4521081-4543567
UNITED BANK LTD.
State Life Building No.1
I.I.Chundrigar Road
Ph. 2417120-2417100-2417101-2417102Fax: 2413483

What Is Forex

Forex is an inter-bank market that took shape in 1971 when global trade shifted from fixed exchange rates to floating ones. This is a set of transactions among forex market agents involving exchange of specified sums of money in a currency unit of any given nation for currency of another nation at an agreed rate as of any specified date. During exchange, the exchange rate of one currency to another currency is determined simply: by supply and demand – exchange to which both parties agree.

1. A Forex trader could trade more transaction compared to the futures market (the trading volume could be a times larger), and the risk will be stric

Presently, there are various kinds of financial market, it is divided into: Stock market, interest market (including bond, commercial bill and so on), gold market (including gold, platinum, silver), futures market (including grain, cotton and kapok, oil and so on), option market and foreign exchange market or forex market and so on.

The foreign exchange market is a place to trade foreign exchange currency, or it is also a place for the transaction of all foreign currency. The foreign exchange market therefore is existence, because of:

Trade and investment
Import and export business, people pays one kind of currency when doing business, but when earns another kind of currency when receive the commodity. This means that, when settling account, business people will pay and receive different currencies. Therefore, they must convert the currencies that they received into the currencies that they could buy commodities. With this similar, when buying a foreign property a company must use the concerned country's currency to make payment, therefore, it needs to convert the domestic currency is concerned country's currency.