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.
Wednesday, March 18, 2009
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.
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* Profinacci Calculator
Published: November 26, 2006 08:51
This programm will help you to count Fibonacchi levels for uptrends and downtrends.
* 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.
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* 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
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* 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
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.
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.
::What Is The Difference Between Forex and Futures?
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 strictly under control. The trading volume of the Forex market is 46 times larger compared to the futures market, moreover Forex traders could make more profit from the Forex market due to the larger trading volume (the transaction volume is a few times larger), the REFCO Switzerland rich transaction platform allowed transaction between 1-100 times to be carry on, moreover a Forex trader could decide his or her own transaction amount, for example: Your account has $30,000, the basic transaction unit is each $1,000 (which transaction amount in $1.00, million), namely, so the proportion of the margin of each transaction unit is 100:1.
2. The risk of the Forex trader is under control, such margin call will not happen compared to futures, through the Forex trading system, your risk will receive the strict limit, even if your margin if lower then the deposit required, the Forex trading system will automatically settle your position, this means even if a Forex trader suffered losses, moreover if the market is suffering from a disaster fluctuation, your loss could not surpass your account amount. In order to understand the advantages, please apply for the demo account to carry on the complete zero risk.
2. The risk of the Forex trader is under control, such margin call will not happen compared to futures, through the Forex trading system, your risk will receive the strict limit, even if your margin if lower then the deposit required, the Forex trading system will automatically settle your position, this means even if a Forex trader suffered losses, moreover if the market is suffering from a disaster fluctuation, your loss could not surpass your account amount. In order to understand the advantages, please apply for the demo account to carry on the complete zero risk.
:: Introduction to Foreign Exchange Markets
Being the main force driving the global economic market, currency is no doubt an essential element for a country. However, in order for all the countries with different currencies to trade with one another, a system of exchange rate between their currencies is needed; this system, is formally known as foreign exchange or currency exchange.
In the early days, the system of currency exchange is supported solely by the gold amount held in the vault of a country. However, this system is no longer appropriate now due to inflation and hence, the value of one’s currency nowadays is determined through the market forces alone. In order to determine the value of a currency’s exchange rate, two main types of system is used which is floating currency and pegged currency.
For floating exchange rate, its value is determined by the supply and demand of the global market where the supply and demand is bound by all these factors such as foreign investment, inflation and ratios of import and export. Normally, this system is adopted by most of the advance countries like for example UK, US and Canada. All of these countries have a similarity where their market is well developed and stable in economic terms. These countries choose to practice this system due to the reason where floating exchange rate is proven to be much more efficient compared to the pegged exchange rate. The reason behind this is because for floating exchange rate, the market itself will re-adjust the exchange rate real-time in order to portray the actual inflation and other economic forces. However, every system has its own flaw and so does the floating exchange rate system. For instance, if a country suffers from economic instability due to various reasons such as political issues, a floating exchange rate system will certainly discourage investment due to the high risk of suffering from inflationary disaster or sudden slump in exchange rate.
In the early days, the system of currency exchange is supported solely by the gold amount held in the vault of a country. However, this system is no longer appropriate now due to inflation and hence, the value of one’s currency nowadays is determined through the market forces alone. In order to determine the value of a currency’s exchange rate, two main types of system is used which is floating currency and pegged currency.
For floating exchange rate, its value is determined by the supply and demand of the global market where the supply and demand is bound by all these factors such as foreign investment, inflation and ratios of import and export. Normally, this system is adopted by most of the advance countries like for example UK, US and Canada. All of these countries have a similarity where their market is well developed and stable in economic terms. These countries choose to practice this system due to the reason where floating exchange rate is proven to be much more efficient compared to the pegged exchange rate. The reason behind this is because for floating exchange rate, the market itself will re-adjust the exchange rate real-time in order to portray the actual inflation and other economic forces. However, every system has its own flaw and so does the floating exchange rate system. For instance, if a country suffers from economic instability due to various reasons such as political issues, a floating exchange rate system will certainly discourage investment due to the high risk of suffering from inflationary disaster or sudden slump in exchange rate.
:: Forex Charts
Forex charts assist the investor by providing a visual representation of exchange rate fluctuations. Many variables affect currency exchange rates, such as interest rates, bank policies, geopolitics, and even the time of day may affect exchange rates.
In order to help the investor attempt to predict when or in what direction a rate may change, advisors provide forex charts. Quality forex websites provide subscribers with a daily newsletter that includes a forex chart, forex signals and a forex forecast.
There are a variety of forex charts available for the investor to use and study. Some are very simple using only a couple of forex signals or indicators and are ideal for beginners. Others include 30 or 40 forex signals or indicators and live on-line streaming data so that the investor may analyze trades quickly and accurately.
In order to make an accurate forex forecast, it would seem that the more indicators, the better, but some analysts prefer a simpler system.
The idea behind studying forex charts is that history repeats itself. Instead of trying to “see the future”, a forex forecast evaluates the past. That is to say that the analyst who is responsible for attempting to predict future currency moves analyzes what happened to an exchange rate yesterday, last week, last month or last year and uses this knowledge to the best degree he knows how.
Some people trade short term, some intermediate term, and some long term. All three types of traders may benefit from the use of forex charts, just adapted to their own trading time frame.
In order to help the investor attempt to predict when or in what direction a rate may change, advisors provide forex charts. Quality forex websites provide subscribers with a daily newsletter that includes a forex chart, forex signals and a forex forecast.
There are a variety of forex charts available for the investor to use and study. Some are very simple using only a couple of forex signals or indicators and are ideal for beginners. Others include 30 or 40 forex signals or indicators and live on-line streaming data so that the investor may analyze trades quickly and accurately.
In order to make an accurate forex forecast, it would seem that the more indicators, the better, but some analysts prefer a simpler system.
The idea behind studying forex charts is that history repeats itself. Instead of trying to “see the future”, a forex forecast evaluates the past. That is to say that the analyst who is responsible for attempting to predict future currency moves analyzes what happened to an exchange rate yesterday, last week, last month or last year and uses this knowledge to the best degree he knows how.
Some people trade short term, some intermediate term, and some long term. All three types of traders may benefit from the use of forex charts, just adapted to their own trading time frame.
:: Forex Development History
Foreign exchange development history - exchange market evolution foreign exchange development history - exchange market evolution gold remittance system and Bretton woods agreement
In 1967, a Chicago bank rejected to provide pound loan to a professor named Milton Friedman, because his purposed was to use this fund to sell short the British pound. Mr. Friedman realized excessively that the price ratio from the British pound to US dollar at that time was high, he wanted first to sell the British pound, after the British pound fell he buys back the British pound to repay the bank again. This family bank rejects the loan offer based on the "Bretton woods Agreement" which was established 20 years ago. This agreement has fixed the various countries' currency to US dollar exchange rate, and the price ratio between the U.S dollar and the gold is also fixed to 35 US dollars to each ounce of gold.
The Bretton Woods Agreement was signed in 1944, the purposed was to prevent the currency to escape between countries, and also to limit the international speculation, thus to stabilize the international currency. Before this agreement was signed, the gold remittance standard system which was widely used since 1876 - was leading the international economy system until the First World War. In the gold remittance system, the currency was at the stable level under the support of the gold price. The gold remittance system has abolished the old time king and the ruler which depreciates the currency value unlawfully, which will lead to inflation.
In 1967, a Chicago bank rejected to provide pound loan to a professor named Milton Friedman, because his purposed was to use this fund to sell short the British pound. Mr. Friedman realized excessively that the price ratio from the British pound to US dollar at that time was high, he wanted first to sell the British pound, after the British pound fell he buys back the British pound to repay the bank again. This family bank rejects the loan offer based on the "Bretton woods Agreement" which was established 20 years ago. This agreement has fixed the various countries' currency to US dollar exchange rate, and the price ratio between the U.S dollar and the gold is also fixed to 35 US dollars to each ounce of gold.
The Bretton Woods Agreement was signed in 1944, the purposed was to prevent the currency to escape between countries, and also to limit the international speculation, thus to stabilize the international currency. Before this agreement was signed, the gold remittance standard system which was widely used since 1876 - was leading the international economy system until the First World War. In the gold remittance system, the currency was at the stable level under the support of the gold price. The gold remittance system has abolished the old time king and the ruler which depreciates the currency value unlawfully, which will lead to inflation.
Deposit / Withdrawal
We accept WebMoney for deposit/withdrawal of your funds.
* No fees for Deposit.
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We accept libertyreserve for deposit/withdrawal of your funds.
* We don't deduct any fees for Liberty Reserve deposit but Liberty Reserve system have some fees check for details.
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* Minimum withdrawal amount – 1$
We accept wire transfers for deposit/withdrawal of your funds.
* No fees for Deposit.
* Fees for withdrawal: USD 50.00
* Minimum withdrawal amount – USD 100.00
We accept AlertPay for deposit/withdrawal of your funds.
* We don't deduct any fees for AlertPay deposit but AlertPay system have some fees check for details.
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* Minimum withdrawal amount – 1$
We accept PerfectMoney for deposit/withdrawal of your funds.
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We accept Altergold for deposit/withdrawal of your funds.
* We don't deduct any fees for Altergold deposit but Altergold system have some fees check for details.
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* Minimum withdrawal amount – 1$
cashU - Secure Online Payment Method We accept cashU transfers for deposit/withdrawal of your funds.
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* Fees for withdrawal: 2% of transferred amount (min USD 0.50 and max USD 10.00)
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We accept c-gold for deposit/withdrawal of your funds.
* We don't deduct any fees for c-gold deposit but c-gold system have some fees check for details.
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We accept e-bullion for deposit/withdrawal of your funds.
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We accept E-gold transers for deposit/wthdrawal of your funds.
* We don’t deduct any fees for E-gold deposit but E-gold system have some fees check for details.
* Fees for wihdrawal: 60%
* Minimum withdrawal amount – 1$
To start procedure of depositing / withdrawing of your funds please go to trader's cabinet
* No fees for Deposit.
* No fees for withdrawal.
* Minimum withdrawal amount – 1$
We accept libertyreserve for deposit/withdrawal of your funds.
* We don't deduct any fees for Liberty Reserve deposit but Liberty Reserve system have some fees check for details.
* No fees for withdrawal.
* Minimum withdrawal amount – 1$
We accept wire transfers for deposit/withdrawal of your funds.
* No fees for Deposit.
* Fees for withdrawal: USD 50.00
* Minimum withdrawal amount – USD 100.00
We accept AlertPay for deposit/withdrawal of your funds.
* We don't deduct any fees for AlertPay deposit but AlertPay system have some fees check for details.
* No fees for withdrawal.
* Minimum withdrawal amount – 1$
We accept PerfectMoney for deposit/withdrawal of your funds.
* No fees at all.
* Minimum withdrawal amount – 1$
We accept Altergold for deposit/withdrawal of your funds.
* We don't deduct any fees for Altergold deposit but Altergold system have some fees check for details.
* No fees for withdrawal.
* Minimum withdrawal amount – 1$
cashU - Secure Online Payment Method We accept cashU transfers for deposit/withdrawal of your funds.
* No fees for Deposit.
* Fees for withdrawal: 2% of transferred amount (min USD 0.50 and max USD 10.00)
* Minimum withdrawal amount – 1$
We accept c-gold for deposit/withdrawal of your funds.
* We don't deduct any fees for c-gold deposit but c-gold system have some fees check for details.
* No fees for withdrawal.
* Minimum withdrawal amount – 1$
We accept e-bullion for deposit/withdrawal of your funds.
* No fees for Deposit.
* No fees for withdrawal.
* Minimum withdrawal amount – 1$
We accept E-gold transers for deposit/wthdrawal of your funds.
* We don’t deduct any fees for E-gold deposit but E-gold system have some fees check for details.
* Fees for wihdrawal: 60%
* Minimum withdrawal amount – 1$
To start procedure of depositing / withdrawing of your funds please go to trader's cabinet
Forex Education
FX Instructor, LLC is a US-based forex education company specializing in world class forex education based on the MetaTrader 4 platform, in our real-time Live Trading Room.
* See our charts, hear our voice, and ask questions while the market moves
* Observe us analyzing the market, opening positions, and managing trades
* Learn "best practices" for trading through our own example
* Acquire powerful new strategies and skills
* Learn to approach the market with discipline and patience
* Trade together with a global community of fellow traders
* Access a vast library of lessons, videos, and tutorials
*FX Instructor is the recommended trading school for all traders of FXOpen.*
Attending the Live Trading Room is beneficial for traders of all levels, no matter how big your account or experience - and it costs just $24.95 a month, with a 100% Satisfaction Guarantee.
This is quite possibly the best investment ever made by traders who becomes a member of our Live Trading Room community. To take advantage of the Live Trading Room
* See our charts, hear our voice, and ask questions while the market moves
* Observe us analyzing the market, opening positions, and managing trades
* Learn "best practices" for trading through our own example
* Acquire powerful new strategies and skills
* Learn to approach the market with discipline and patience
* Trade together with a global community of fellow traders
* Access a vast library of lessons, videos, and tutorials
*FX Instructor is the recommended trading school for all traders of FXOpen.*
Attending the Live Trading Room is beneficial for traders of all levels, no matter how big your account or experience - and it costs just $24.95 a month, with a 100% Satisfaction Guarantee.
This is quite possibly the best investment ever made by traders who becomes a member of our Live Trading Room community. To take advantage of the Live Trading Room
:: Characteristics of Forex Market
In recent years, the foreign exchange market could favor more and more people, it becomes a favorite for the international investors, and this is strongly related to the characteristics of the Forex market. The main characteristics of the foreign exchange market are:
1st, It consists market but no trading field
The finance industry in the western countries consist two sets of systems, namely the centralism business central operation and there is no fixed place for such business network. Stock trading is being traded through stock exchange. Like the New York Stock Exchange, the London stock market, the Tokyo stock market, respectively is American, English, the Japanese stock main transaction place, it is a centralism business financial commodity, its quoted price, the transaction time and hand over to the procedure all consist of unification the stipulation, and has established the same business association, it has formulated the same business rules. The investor could buy and sells the commodity through the broker company, this is known as "consist of trading market and trading field".
But foreign exchange business is done without any unification operation market and business network, it has no centralism unified place like the stock transaction. But, the foreign currency trading network actually is globally, and it has formed a organization which has no formal organization, the market is relied through an approval way and the advanced information system, Forex traders do not consist any membership qualification for any organization, but must obtain colleague’s trust and approval. This kind of Forex market which has no trading field is known as "consist of market but no trading field". Each day, the trading volume in the global Forex market involves billions of U.S dollars, the so huge large amount fund, is being control under both the non-centralism place and non central governance system, plus it is settle based on non-government governance.
1st, It consists market but no trading field
The finance industry in the western countries consist two sets of systems, namely the centralism business central operation and there is no fixed place for such business network. Stock trading is being traded through stock exchange. Like the New York Stock Exchange, the London stock market, the Tokyo stock market, respectively is American, English, the Japanese stock main transaction place, it is a centralism business financial commodity, its quoted price, the transaction time and hand over to the procedure all consist of unification the stipulation, and has established the same business association, it has formulated the same business rules. The investor could buy and sells the commodity through the broker company, this is known as "consist of trading market and trading field".
But foreign exchange business is done without any unification operation market and business network, it has no centralism unified place like the stock transaction. But, the foreign currency trading network actually is globally, and it has formed a organization which has no formal organization, the market is relied through an approval way and the advanced information system, Forex traders do not consist any membership qualification for any organization, but must obtain colleague’s trust and approval. This kind of Forex market which has no trading field is known as "consist of market but no trading field". Each day, the trading volume in the global Forex market involves billions of U.S dollars, the so huge large amount fund, is being control under both the non-centralism place and non central governance system, plus it is settle based on non-government governance.
Overview of GCI Financial
GCI Financial Ltd ("GCI") is a regulated securities and commodities trading firm, specializing in online Foreign Exchange ("Forex") brokerage. In addition to Forex, GCI is a primary market maker in Contracts for Difference ("CFDs") on shares, indices and futures, and offers one of the fastest growing online CFD trading services. GCI has over 10,000 clients worldwide, including individual traders, institutions, and money managers. GCI provides an advanced, secure, and comprehensive online trading system. Client funds are insured and held in a separate customer account. In addition, GCI Financial Ltd maintains Net Capital in excess of minimum regulatory requirements.
Recommend by Top Industry Participants
GCI is recommended by top industry participants and has had its market analysis featured in leading publications, including the Financial Times. Click here for a partial list of company websites that recommend GCI Financial Ltd.
GCI's analysis also appears regularly on Multex.com and Reuters, and is subscribed to by major institutions including J.P. Morgan, HSBC Asset Management, and Goldman Sachs. Click here for a partial list of articles and publications featuring GCI.
Regulation
GCI Financial Ltd is regulated by the International Financial Services Commission (IFSC) for trading in financial and commodity-based derivatives and other securities, including foreign exchange. The IFSC's strict requirements include capital adequacy, reporting and record keeping, and proper disclosure and conduct with clients.
Recommend by Top Industry Participants
GCI is recommended by top industry participants and has had its market analysis featured in leading publications, including the Financial Times. Click here for a partial list of company websites that recommend GCI Financial Ltd.
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:: Introduction to Foreign Exchange Markets
Being the main force driving the global economic market, currency is no doubt an essential element for a country. However, in order for all the countries with different currencies to trade with one another, a system of exchange rate between their currencies is needed; this system, is formally known as foreign exchange or currency exchange.
In the early days, the system of currency exchange is supported solely by the gold amount held in the vault of a country. However, this system is no longer appropriate now due to inflation and hence, the value of one’s currency nowadays is determined through the market forces alone. In order to determine the value of a currency’s exchange rate, two main types of system is used which is floating currency and pegged currency.
For floating exchange rate, its value is determined by the supply and demand of the global market where the supply and demand is bound by all these factors such as foreign investment, inflation and ratios of import and export. Normally, this system is adopted by most of the advance countries like for example UK, US and Canada. All of these countries have a similarity where their market is well developed and stable in economic terms. These countries choose to practice this system due to the reason where floating exchange rate is proven to be much more efficient compared to the pegged exchange rate. The reason behind this is because for floating exchange rate, the market itself will re-adjust the exchange rate real-time in order to portray the actual inflation and other economic forces. However, every system has its own flaw and so does the floating exchange rate system. For instance, if a country suffers from economic instability due to various reasons such as political issues, a floating exchange rate system will certainly discourage investment due to the high risk of suffering from inflationary disaster or sudden slump in exchange rate.
In the early days, the system of currency exchange is supported solely by the gold amount held in the vault of a country. However, this system is no longer appropriate now due to inflation and hence, the value of one’s currency nowadays is determined through the market forces alone. In order to determine the value of a currency’s exchange rate, two main types of system is used which is floating currency and pegged currency.
For floating exchange rate, its value is determined by the supply and demand of the global market where the supply and demand is bound by all these factors such as foreign investment, inflation and ratios of import and export. Normally, this system is adopted by most of the advance countries like for example UK, US and Canada. All of these countries have a similarity where their market is well developed and stable in economic terms. These countries choose to practice this system due to the reason where floating exchange rate is proven to be much more efficient compared to the pegged exchange rate. The reason behind this is because for floating exchange rate, the market itself will re-adjust the exchange rate real-time in order to portray the actual inflation and other economic forces. However, every system has its own flaw and so does the floating exchange rate system. For instance, if a country suffers from economic instability due to various reasons such as political issues, a floating exchange rate system will certainly discourage investment due to the high risk of suffering from inflationary disaster or sudden slump in exchange rate.
:: The Foreign Exchange Rate
In the international market, the Foreign Exchange rate is demonstrated by five numerals, for example:
EUR/USD 1.2653
USD/JPY 107.65
GBP/JPY 195.03
The Exchange Rate Change
The exchange rate smallest change for the final figure (is 1 pip), for example:
The EUR/USD smallest change is 0.0001
USD/JPY smallest change is 0.01
Quoted Price
All quoted prices can be divided into direct quoted price and the indirect quoted price, for example:
The direct quoted price currency includes: EUR/USD, GBP/USD, AUD/USD, NZD/USD ......
The indirect quoted price currency includes: USD/JPY, USD/CHF, USD/CAD ....
For example, the EUR/USD quoted price is 1.2653, which means each euro could convert to 1.2653 US dollars, while the USD/JPY quoted price is 107.65, which means that each US dollar could convert to 107.65 Japanese Yen.
The buying price and the selling price of the foreign currency is decided by the bank or the broker house, customer decides only the buying trend. For example, the EUR/USD quoted price general demonstration is 1.2652/57, which means the broker house is willing to buy Euro dollar at the price of 1.2652, and sell at the price of 1.2657. At this time, the price difference between the buyer and the seller (pip difference) is 5 pips, for foreign exchange trading, the smaller the point means the trading cost is lower and the chance of profit making is much larger.
EUR/USD 1.2653
USD/JPY 107.65
GBP/JPY 195.03
The Exchange Rate Change
The exchange rate smallest change for the final figure (is 1 pip), for example:
The EUR/USD smallest change is 0.0001
USD/JPY smallest change is 0.01
Quoted Price
All quoted prices can be divided into direct quoted price and the indirect quoted price, for example:
The direct quoted price currency includes: EUR/USD, GBP/USD, AUD/USD, NZD/USD ......
The indirect quoted price currency includes: USD/JPY, USD/CHF, USD/CAD ....
For example, the EUR/USD quoted price is 1.2653, which means each euro could convert to 1.2653 US dollars, while the USD/JPY quoted price is 107.65, which means that each US dollar could convert to 107.65 Japanese Yen.
The buying price and the selling price of the foreign currency is decided by the bank or the broker house, customer decides only the buying trend. For example, the EUR/USD quoted price general demonstration is 1.2652/57, which means the broker house is willing to buy Euro dollar at the price of 1.2652, and sell at the price of 1.2657. At this time, the price difference between the buyer and the seller (pip difference) is 5 pips, for foreign exchange trading, the smaller the point means the trading cost is lower and the chance of profit making is much larger.
Forex Margin Trading
Comparing to other investment, the Foreign Exchange margin trading is one of the fairest and the most attractive investment method.
The Foreign Exchange margin trading meaning the traders borrow loan from bank, finance organization or broker house to carry on the foreign currency trading. Generally, the financing proportion is above 20 times, which means the Forex traders’ fund may enlarge to 20 times to carry on the trading. The bigger the financing proportion, means the Forex traders just need to pay very less fund, for example, the financing proportion provided by the financial organization is 400 times, namely the lowest margin request is 0.25%, the traders just need to pay 25 US dollars, then he or she could trade as high as 10,000 US dollars, fully using the contra method to make big profit by only paying a very less price.
Besides the fund enlargement, another attraction of the Forex margin trading method is that it can be traded in both ways, you can make profit by buying the currency when the currency rise (makes many), or to sell a currency when the currency is dropping to make profit (short-selling), thus does not need to be restricted by the restriction so-called bear market is unable to make money.
Making Profit in the Foreign Exchange Market
The currency fluctuate continuously due to reasons such as political, economical reasons, sometimes the changes could be extremely great, therefore, the Forex traders also can have the opportunity in among which makes a profit. For example, the Japanese Yen daily fluctuation is probably between 0.7% to 1.5%, Forex traders may make profit through buying and selling. All trading could be completed in a short time, the trading strategy could be carry up according to the market conditions, it is extremely flexible, even if the direction looks wrong, the lost could be stop immediately, the lost could reduce but profit potential is still great. Therefore, the Foreign Exchange margin trading is the most flexible and the most reliable investment method.
Foreign Exchange Margin Trading elementary knowledge
Currency name Commonly used currency code
The Foreign Exchange margin trading meaning the traders borrow loan from bank, finance organization or broker house to carry on the foreign currency trading. Generally, the financing proportion is above 20 times, which means the Forex traders’ fund may enlarge to 20 times to carry on the trading. The bigger the financing proportion, means the Forex traders just need to pay very less fund, for example, the financing proportion provided by the financial organization is 400 times, namely the lowest margin request is 0.25%, the traders just need to pay 25 US dollars, then he or she could trade as high as 10,000 US dollars, fully using the contra method to make big profit by only paying a very less price.
Besides the fund enlargement, another attraction of the Forex margin trading method is that it can be traded in both ways, you can make profit by buying the currency when the currency rise (makes many), or to sell a currency when the currency is dropping to make profit (short-selling), thus does not need to be restricted by the restriction so-called bear market is unable to make money.
Making Profit in the Foreign Exchange Market
The currency fluctuate continuously due to reasons such as political, economical reasons, sometimes the changes could be extremely great, therefore, the Forex traders also can have the opportunity in among which makes a profit. For example, the Japanese Yen daily fluctuation is probably between 0.7% to 1.5%, Forex traders may make profit through buying and selling. All trading could be completed in a short time, the trading strategy could be carry up according to the market conditions, it is extremely flexible, even if the direction looks wrong, the lost could be stop immediately, the lost could reduce but profit potential is still great. Therefore, the Foreign Exchange margin trading is the most flexible and the most reliable investment method.
Foreign Exchange Margin Trading elementary knowledge
Currency name Commonly used currency code
Rising stock markets push rupee up
The rupee today gained 12 paise against the US dollar to close at 51.40, the highest level this month, mainly due to the rise in the stock market indices over the last two trading sessions. The greenback weakened against most other currencies too across the globe.
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According to Bloomberg data, the Indian currency opened stronger against the dollar at 51.34, as against last week’s close of 51.52, on news that foreign institutional investors (FIIs) were net buyers on Friday.
The Wild Card
After the recent drop in value, the price of this pair appears to now be floating in the over-sold territory on the RSI of both the hourly and daily charts, signaling an upward correction may occur in the nearest future. The recent bullish cross on the 4-hour chart's Slow Stochastic heavily supports this notion. As the Bollinger Bands on the hourly chart begin to tighten, a volatile upward correction may be occurring in today's early trading hours. forex traders can take advantage of this imminent volatile movement by setting an early long position with tight stops.
US dollar down against euro ahead of FOMC decision
NEW YORK (AFP) — The US dollar fell against the euro Tuesday after a key poll showed continued investor confidence in Germany, as the foreign exchange market awaited the conclusion of a Federal Open Market Committee meeting in Washington.
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