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Easy Forex

Thursday, November 12, 2009, Ashok Niroula

Should I use a Easy Forex ?

The Forex market is not, most people would agree, the place to cut your teeth as a trader. Novices can very quickly get their fingers badly burnt. But inexperience is not the only easy reason to consider using a Forex broker to trade in the high risk international currencies market.

Equally as important is having the right temperament for a high pressure market where swings are commonly pendulum-like and fast moving. Not only are Forex traders required to readjust mentally to juggling twin-faceted currency transactions, they also need to keep a calm easy head. Fear and greed are, without a doubt, the enemies of the successful Forex trader.

Before entering the Forex market for the first time, whether or not you have experience in trading stocks and shares, you should carefully consider whether the Forex is for you. Not all investors are suited to Forex trading, and finding out too late can result in heavy losses. If you have doubts about your investment objectives, experience and risk exposure, then you should seek the advice of a Easy Forex broker or risk having your initial investment rapidly wiped out.

So what should you look for when selecting a Forex broker ?

Experience and reputation are two good starting places for the selection process. Do as much research as possible about the broker and ask in online forums for anyone with first hand knowledge of the company.

Because of the global nature of the Easy Forex there is a diverse range of financial regulatory environments depending on where the broker is based. One of the most unregulated countries is the US, so in the absence of independent verification of a company's continuing financial stability doing your homework thoroughly is imperative.

It should be emphasized, of course, that there are very many top quality Forex brokers around who provide excellent customer service and value for money. The message here is that selecting the right broker for you takes time and effort. In the end, it may well save you a lot of dollars and heartache.

Be skeptical. Examine any claims made about high returns and low margins, especially if the company is vague about the risk involved and are unwilling or unable to disclose financial information on the strength of their company. Low margins may sound competitive, but in reality this is because the broker is speculating against you and relying on the low margin to stop out your gains.

Small minimum investments should also sound alarm bells. To make serious investment strategies work small sub-$10,000 sums are unlikely to cut it in the Forex. Moreover, the brokers offering small minimum investments are also likely to be those offering low margins as well. And all for the same reason.

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Learn Forex

Wednesday, November 4, 2009, Ashok Niroula

How do I begin? Please give it to me SIMPLY.

1. The best advice on how to learn to trade profitably is to learn from experts with proven track records. Many learning styles are available to beginners at all levels: books, CDs, online courses, group seminars, even one-on-one mentors who will come right your home for a few days. We outline our Forex-Trader picks in Learning Forex Trading. Learning to trade from experts is worth every penny and has saved us untold thousands in mistakes.We would not recommend starting forex trading without any training. It is not hard to learn, nor difficult to trade successfully, but you must first provide yourself with a basic functioning knowledge of 'the game you're in'.

2. While you are learning you will need charting software to practice reading the Market. Charting is an indispensable tool that shows you in real-time data what the market is doing moment by moment and also what the market has done in the past. As you learn to analyze these charts you can determine what trades to enter and exit, where to set your stop losses, limits etc. There are several good charting software services that you can subscribe to online monthly. See our Forex-Trader tested Charting Software picks in Tools of The Trade.

3. Then, to perform your actual trades online you need a real-time 'trading platform' to execute your 'buys' and 'sells' directly in the Foreign Currency Market. You obtain a trading platform from a Forex Clearinghouse that is connected real-time to the interbank market. There are many good Clearinghouses (also confusingly called Brokerage Firms, Market Makers, etc.) that provide you with the trading platform to trade the funds in the account you have opened with them. Before you begin trading your 'real' money, while you are learning, you will practice on your own 'demo account' with play-money in it, which will be provided to you by the clearinghouse you plan to trade through. The contractual relationship you enter into with your Clearinghouse is a very important one because the Clearinghouse you choose determines many trading features and financial advantages to you both as a trader and as an investor. Forex-Trader tested Clearinghouses are reviewed in Tools of The Trade.

We have outlined a Getting Started path with uncomplicated steps. This is the path that we would take if we were beginning trading over again today with 'what we know now'. The products and services we mention in these steps are all ones that we have personally used for some time with consistent success. As always you are free to forge your own path, and if you do, happy hiking. There is a mountain of products and services try out, and if you find ones you like better we would love to compare notes with you.

Explain More About Charting Services

To trade successfully you also must have good charting software and instantaneous data feeds critical to helping you analysis and interpret the movement of currencies moment to moment so you know when/why to buy or sell — this you subscribe to monthly. You can get a 2 week or more demo to familiarize yourself with one that has the features you like. The costs also vary, and some companies require a year commitment. There are some free charting services offered through the clearinghouses, but they tend to lack the tools to be truly useful. There are also some costly proprietary Specialty Software charting 'hybrids' which are market forecasters tools that look more like video games than charts.

Explain More About How Clearinghouses Work

A good clearinghouse (i.e.. your computer access/link to the live Forex Exchange Market) is the partner with which you trade the money you have deposited with them in your trading account. After trying and demo-ing many we have found a small handful that are truly excellent for the beginner (and continue to be excellent as you grow) — meaning user friendly, legally accountable to regulatory bodies, and offering fair costs (spreads) for their services/trading software platforms. There still are many worrisome ones practicing in this closing era of unregulated forex trading (new Commodities laws are imminent).

The topic of matching the right clearinghouse for your needs is discussed more in Tools of the Trade, because it depends on a number of factors — how much you can open an account with, how much the clearinghouse profit spread, what your liquidity needs are, your minimum/maximum stop loss and margin requirements, even where you live and how much time you have to give to trading in a 24 hr. day.

How Much Does it Cost to Begin to Trade?

Learning to trade will entail the cost of books and whatever traiining method you choose. It will also include a reliable computer with a minimum 128 Mb of memory to run the charting software and trading platform. Ongoing 'costs of operation' include the monthly costs of high-speed internet, charting software, the email forecasting subscriptions — plan on spending $150./mo. up for ongoing costs.

What about Pooled Clearinghouse Accounts to Trade with More Leverage?

We strongly do not recommend pooled accounts in any circumstance. Perhaps you are considering self-trading a pooled- together family account because it would give you a perceived advantage of more leveraged funds to trade (50:1 up to 100:1 leverage) — any risks of loss represent a potential risk to family relationships, and for this reason alone we do not recommend aggregating with family or friends.

However much worse are the too-numerous negative experiences of people allowing their investment funds to leave their control to become part of a 'managed' pooled account. Not only is it a very risky investment idea, it is illegal for anyone to 'pool' accounts without compliance with SEC (a USA Securities Exchange Commission) or international equivalent license. Never relinquish direct control over your money/trading account to anyone (i.e.. the ability to make withdrawals, deposits etc. directly by your own authority into your own account).

A good fund manager, if you do choose to go the (legitimate) Managed Account route rather than the Self-Trader route, will make certain you have your own 'segregated account' in your own name in a bank or brokerage firm. These individual segregated accounts can still be traded together as though they were in a single account by a designated trader as long as the clearing house uses a trading platform that allows it. You, as the investor/account holder, have direct access online to your account activity at all times, and direct control over your own account in your own name (just like a bank account). The importance of this, for the safety of your funds, cannot be over emphasized.

source:.forex-articles.net/article-17.html

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Forex Market Trading Hours

Wednesday, October 7, 2009, Ashok Niroula

The Forex market has a huge advantage over the other investment markets - it's open 24 hours a day, six days a week. Whereas the commodities and stock market operates five days a week (Monday through Friday) during normal business hours, the Forex market continues its activity around the clock. If you want to trade at 2:00 am EST Monday morning, feel free to place your trade. If you would like to invest at 9:00 pm Thursday night when you have the time to concentrate on the market, simply place your trade on one of the many online Forex trading systems. However, even though the market is considered a 24-hour market, it's important to know when the market is actually active and when is the best time to place a trade on the market.

Actual operating hours

Even though the Forex market is open 24 hours a day, each financial center (i.e. New York, London, Frankfort, Tokyo, and Australia) has its own operating hours, which are usually from 8:00 am - 4:00 pm, local time. That means if it's 8:00 am (Tokyo time) on Monday morning, the Tokyo market will be open for trading even though it's 10:00 pm EST, on Sunday night. You could therefore take advantage of trading on the Forex market late Sunday night from your New York apartment.

Overlapping of hours

With so many financial centers around the globe, you will have times when two or more markets overlap. For instance, the New York and London markets overlap from 8:00 am to 12:00 pm EST, while the London and Tokyo markets overlap from 3:00 am to 4:00 am EST. The Sydney and Tokyo markets also overlap from 7:00 pm - 2:00 am EST. These overlapping periods are the best time to trade since volume (liquidity) is at it's greatest.

Other good times to trade

Besides the overlapping periods, it's best to trade at the following times:

  • During the middle of the week (shows most movement)
  • During trading hours of the three largest markets - London, New York, and Tokyo.

Times to avoid

It's best to avoid the following times/days:

  • Sundays (limited volume)
  • Fridays (unpredictable)
  • Holidays (limited volume)
  • Release of economic reports (volatility)
  • 4:00 pm - 6:00 pm EST (low market volume).

Articles by Harman Gilly

Collected by bank4money.blogspot.com


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Forex Trading - 3 Power Strategies

Sunday, October 4, 2009, Ashok Niroula

If you want to catch the serious profit in forex dealing you need to trend watch forex trends which are worse term. here we are going to give you a 3 step simple method which if you use it correctly, will help you catch every superior forex trend and lead you to long-term term currency dealing success.

Most beginner traders don't bother trying to trend following forex lengthier term - instead they try forex scalping or day trading. These methods focus the trader on small moves and they hope to catch small profit however as most short term moves are random, this leads to equity eliminate.

The other alternatives are swing trading and long term forex trend following and this article is all about the latter method. If you look at any forex chart, you will see long-term term trends that last for months or years. These moves can and do yield serious profit - present we will outline a simple method to get them.

Breakouts

By far the best way of catching the serious moves is to use a forex dealing strategy based around breakouts. A breakout is simply a move on a forex chart where a new high or low is made and resistance or support is broken.

It's a fact that most leading moves start from new highs or lows.

While it might appear that you are not buying or selling at the greatest level, you are in terms of the odds of the trend continuing. Most forex traders make the mistake of waiting for the breakout to come back and get in at a better price but these traders never get on board. The grounds for this is if a breakout occurs, then you have a new strong trend and a pullback is not very likely to occur.

Most traders don't buy or sell breakouts and that's exactly why it's such a powerful method.

The only point to keep in mind is a support or resistance which is ruined, should be valid and that means at least 3 points in at least 2 different times frames. The more tests and the greater the spacing between the tests the more valid the level is.

Confirmation

Of course not every breakout keeps and some reverse, these are false and can cause losses. You therefore need to confirm each move. All you need to do to achieve this is to put a few momentum indicators in your forex trading system to confirm your dealing signal.

These indicators give you an estimation of the strength and velocity of price and there are many to choose from. We don't have time to discuss them here (simply look up our other articles) but two of the greatest are - the stochastic and Relative Strength Index RSI

Stops and Targets

Stop points are easy with breakouts - Simply behind the breakout point.

If you have a serious trend then you need to be careful you can milk it, so don't move your stop to soon and keep it outside of normal volatility. If it is a huge move, trailing stops should be held a long-term way back and the 40 day moving average is a good level to use.

You have to keep in mind that when the trend does eventually turn you are going to give some profit back. You don't know when the trend is going to end, so don't predict.

It's ok to give a serious back, as that's the nature of trading forex. Keep in mind if you got 50% of all leading trend you would be very rich. When you are long-term term trend following you have accept giving a bit back and taking dips in open equity as the trend develops - this is noise and does not affect the long term trend.

The above is a simple way to trend watch forex and catch the high odds moves that yield the serious profit. If you are learning forex dealing and want a simple method that is robust and will help you get every major move, then you should base your dealing on the above method.

Now that you have all the winning strategies, you now need to have a winning broker, recently the.


Article source: .forexarticlecollection.com
Collected by: bank4money.blogspot.com

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How the Forex Market Differs from the Stock Market

Saturday, September 12, 2009, Ashok Niroula

The foreign exchange (Forex) market is a place where currencies of various nations are constantly bought and sold by people across the local and global markets. This is quite similar to a stock market, where investors buy and sell shares and their derivatives. Trading in both the markets is done with the single aim of making profits. Moreover, trading in both the markets is done with the help of brokers. This is where the similarities in both the trade markets end.

Forex Market versus Stock Market: Points of Difference
While the Forex market involves the trading of currencies, the stock market is a place where a company's stocks are traded. Besides this simple difference, there are multiple points of dissimilarities between the Forex market and the stock market:

Trading Time: The stock market is open for trade for limited hours in a day. In contrast, the Forex market remains open 24 hours a day, five days a week. With the Forex market remaining open through the day, investors have the flexibility to trade at any time that is convenient to them.

Liquidity: While the stock market is prone to high liquidity risks and price volatility, liquidity is never a concern in the Forex market. In fact, the Forex market is the world's most liquid market, with a daily turnover exceeding $3 trillion.

Leverage: Unlike the stock market, where there is limited leverage (this is akin to a loan offered by a broker to an investor), you can invest more money than you actually have in the Forex market. In the Forex market, leverages range from 50:1 to 200:1. This means if you have $1,000 in your margin account and your broker is offering 100:1 leverage, you have the option of trading up to $100,000 worth of currency. This offers you the opportunity to earn immense profits with limited capital.

Commissions: While in the stock market, brokers charge fees on every transaction conducted on behalf of their clients, there are no commissions or fees in the Forex markets. Brokers only charge the spread, which is the amount by which the ask price exceeds the bid price of a currency pair.

Short Selling: Unlike in the stock market, investors do not face any restriction in short selling in the Forex market.

Market Trends: Unlike the stock market, the Forex market does not see one-way traffic at any given time. If the exchange rate for one currency declines, it moves up for another currency. Thus, investors have an opportunity to profit throughout the year.

Trading Information: The Forex market is one of the fairest financial investment markets, as everyone has easy access to all information required to make vital trade decisions at any given time. This is quite unlike the stock market, where analysts and professional traders have access to inside corporate information, providing them a competitive edge. Moreover, finding a good trading opportunity in the stock market might mean scanning data related to thousands of companies. In the Forex market, traders need to focus only on six major currencies.

Volatility: The demand for currencies is unlikely to diminish even if the Forex market for that currency is weakening. So, there will always be buyers for your currency, making extreme volatility a very rare occurrence in the Forex market. This is not the case in the stock market, where the demand for a stock is dependent on market sentiments.

Lot Size: In the stock market, you can buy or sell only a limited quantity of shares at a specific price at any given time. In the Forex market, a lot of a practically unlimited size can be sold or bought at a specific market price.

These are some of the many reasons that are driving several retail investors to the Forex market from the stock market. Easy-Forex®, a leading brokerage firm in the Forex market, offers personal technical support and Live training services to make forex trading a pleasant experience.

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About Forex Advice

Monday, August 31, 2009, Ashok Niroula

About Forex Advice

Forex Advice was developed to give traders the edge they need to learn how to trade based on economic news events from around the world. The same edge the institutions use to make hundreds of millions and even billions of dollars in profit each year. Forex News Trading will provide you with the information you need to give you a true insider's understanding of the Forex markets.

You will feel confident in your trading, and never doubt your trades again. Does this mean you will win every trade? No, of course not, but armed with the knowledge Forex Advice will provide you, you will never be afraid to take that next trade - as the odds will now be tipped in your favor. Each and every month there are a tremendous number of news releases for the Off Exchange Retail Foreign Currency Market (FOREX). Many of these events and announcements move the markets considerably.

But how do you properly capitalize on these moves? Get it wrong and you could be wiped out. Get it right and you can be in a small group of trading elite, consistently pulling pips out of the market each and every week. Our Forex Trading goal is to provide our visitors with the best trading strategies available. We work exclusively with Forex brokers who specialize in news trading, and also include extensive reviews on the best in the business. Any relevant and helpful information related to Forex news trading can be found on this site. There are many trading methods that exist to help you succeed as a trader, but there also many factors you need to consider before you execute your trades. Each news event moves differently. What we do is provide you with techniques and systems on how to trade these major news events. How can you maximize your gains and limit your loses? Not easily done, unless you truly know what you are doing.

Forex Advice will teach you the moves you need to make. In volatile or fast moving markets, such as news trading events, it is imperative to be completely focused and on top of your game. You need to constantly learn new styles and techniques if you want to stay ahead. Whether you profit, or end up like the other 95% of traders, depends on your ability, knowledge, patience, and how the market moves that day. With such a large world market there are numerous opportunities to pull profits on a consistent basis.


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Automated Forex Trading Systems

Thursday, August 27, 2009, Ashok Niroula

Automated forex trading systems are also known as robots and are the fastest growing part of the retail forex market with new products appearing virtually every week. Essentially, automated forex trading systems automate your forex trades - they literally place trades for you once various trading criteria have been met. We have researched a large number of these products and only the better ones are included on our site.

The latest and most popular systems on this first page of the reviews. However, the forex trading systems on the other pages may be just as profitable or even more profitable than those on these pages! So choose a product based on what you read, rather than its position in this section.

Please be aware that there is a lot of hype associated with the promotion of a lot of automated forex trading systems. Do not assume that these trading systems are instant money making machines. There will be losses as well as gains, as with any forex trading system. We suggest that you buy and try. If they don't work as claimed, please claim your money back as all the automated trading systems listed on these pages come with a 100% refund guarantee

Please note that past performance cannot be relied upon as an indicator of future performance


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Home Refinance

Sunday, August 23, 2009, Ashok Niroula

Refinance Now and Save

There are a number of possible benefits to refinancing your existing mortgage.

  • Lower your monthly payment
  • Lock in a fixed rate
  • Get cash from home equity

However, refinancing is not recommended for everyone. It is important that you weigh all your options when considering whether or not to refinance.

Refinance Loan Options

If you do decide to refinance your existing mortgage, you will have many loan options to consider:

Fixed rate loans - Lock in a low fixed rate that is guaranteed to never change. Popular terms include 15, 20, 30, and 40-year loans.

Adjustable rate loans - Flexible loan terms for your short-term goals.

Interest-only loans - Lower your payments and maximize your cash.

Cash-out refinance loans - Get extra cash without a second mortgage.

FHA loans -Guaranteed by the government, FHA loans offer more flexible guidelines than traditional mortgages.


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About forex broker

Wednesday, August 12, 2009, Ashok Niroula

High Street Networking

High Street Networking was founded in 1998 with the only objective - to provide for all professional needs of Forex Traders all over the world via internet-based trading system Dealing Desk 2005TM.

From 1998 HSN is using internet trading software system (client terminal, brokerage system and so on) called Dealing Desk from our partner Forex Euroclub Ltd., the biggest Russian brokerage company. HSN is using this system because it was the first dealing software that has integrated internet dealing, charting, news and money transfer modules in the world in 1998.

High Street Networking was the first company in the world that offered mini forex servicies (10 000 base currency trading lot) via internet based trading system.

To make money transfers for clients easier HSN was established as off-shore company and was based in UK, Virginia Islands, Tortola, Road Town.

Our service Bank (POPULAR BANK) is based in Cyprus, Nicosia, Elephteria Square, 2. and is the member of Laiki Banking Group that provides forex and banking services in UK, Greece, Australia, South Africa and so on. From 1998 till 2005 we have provided mini forex service nearly to 6 000 clients from various countries from US to China and Iran.

The Activity of  High Street Networking is regulated by the Trading Rules integrated in the Dealing Desk 2005TM.

Each member of  System, is using the client interface, has its own level of the access to information and functionality of the Dealing Desk 2005TM system.

There are three levels of membership:

Administrative Level – Forex Dealers (brokerage accounts)

Trading Level – Forex Traders (real accounts)

Study Level – Students (demo accounts)

Forex Dealers – are Market Makers of Dealing Desk 2005TM system with their own aggregate accounts which allows them to open individual trading accounts for their clients and provide them with access to their dealing room. Executions of all clients orders are passed under the direct control of the High Street Networking.

Forex Traders – Clients of the Forex dealers. Traders, can open or reopen their individual trading account(s), deposit their marginal funds and trade currencies on forex market.

Students – Can be anyone interested in trying a demo account of the Dealing Desk 2005TM free of charge. Also, anyone who'd like to take a part in the competition and try his own high profitable strategy based on forex trading.

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Economic profit

Tuesday, August 11, 2009, Ashok Niroula

In economics, economic profit is the difference between a company's total revenue and its opportunity costs. It is the increase in wealth that an investor has from making an investment, taking into consideration all costs associated with that investment including the opportunity cost of capital.

Definition
Normal profit is a component of the firm's opportunity costs. The time that the owner spends running the firm could be spent on running another firm. This is normal profit: the return the entrepreneur can expect to earn or the profit that the 1 business owners considers necessary to make running the business worth his/her while. When a firm earns positive economic profits, we say returns to entrepreneurial ability are supernormal. In the short run, a firm earning subnormal profits (i.e. an economic loss) can continue to do business as long as revenues cover average variable costs. In a perfect market, positive economic profits cannot be sustained in the long run as more firms enter the market and increase competition.
An economic profit arises when revenue exceeds the opportunity cost of inputs, noting that these costs include the cost of equity capital that is met by "normal profits." A business is said to be making an accounting profit if its revenues exceed the accounting cost of the firm.
All enterprises can be stated in financial capital of the owners of the enterprise. The economic profit may include an element in recognition of the risks that an investor takes. It is often uncertain, because of incomplete information, whether an enterprise will succeed or not. This extra risk is included in the minimum rate of return that providers of financial capital require, and so is treated as still a cost within economics. The size of that return is commensurate with the riskiness associated with each type of investment, as per the risk-return spectrum.
"Normal profits" arise in circumstances of perfect competition when economic equilibrium is reached. At equilibrium, average cost equals marginal cost at the profit-maximizing position. Since normal profit is economically a cost, there is no economic profit at equilibrium. In a single-goods case, a positive economic profit happens when the firm's average cost is less than the price of the product or service at the profit-maximizing output. The economic profit is equal to the quantity of output multiplied by the difference between the average cost and the price.
Economic profit does not occur in perfect competition in long run equilibrium. Once risk is accounted for, long-lasting economic profit is thus viewed as the result of constant cost-cutting and performance improvement ahead of industry competitors, or an inefficiency caused by monopolies or some form of market failure.
Positive economic profit is sometimes referred to as supernormal profit or as economic rent.
The social profit from a firm's activities is the normal profit plus or minus any externalities that occur in its activity. A firm may report relatively large monetary profits, but by creating negative externalities their social profit could be relatively small.
Profitability is a term of economical efficiency. Mathematically it is a relative index – a fraction with profit as numerator and generating profit flows or assets as denominator.
 

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Accounting profit

Ashok Niroula

Accounting profit is the difference between price and the costs of bringing to market whatever it is that is accounted as an enterprise (whether by harvest, extraction, manufacture, or purchase) in terms of the component costs of delivered goods and/or services and any operating or other expenses.
A key difficulty in measuring profit is in defining costs. Pure economic monetary profits can be zero or negative even in competitive equilibrium when accounted monetized costs exceed monetized price.
 

Definition
In the accounting sense of the term, net profit (before tax) is the sales of the firm less costs such as wages, rent, fuel, raw materials, interest on loans and depreciation. Costs such as depreciation, amortization, and overhead are ambiguous. Revenue may also be ambiguous when different products are sold as a package, or "bundled." Within US business, the preferred term for profit tends to be the more ambiguous income.
Gross profit is profit before Selling, General and Administrative costs (SG&A), like depreciation and interest; it is the Sales less direct Cost of Goods (or services) Sold (COGS),
Net profit after tax is after the deduction of either corporate tax (for a company) or income tax (for an individual).
Operating profit, also known as EBIT, is a measure of a company's earning power from ongoing operations, equal to earnings before the deduction of interest payments and income taxes.
To accountants, economic profit, or EP, is a single-period metric to determine the value created by a company in one period - usually a year. It is the net profit after tax less the equity charge, a risk-weighted cost of capital. This is almost identical to the economist's definition of economic profit.
There are commentators who see benefit in making adjustments to economic profit such as eliminating the effect of amortized goodwill or capitalizing expenditure on brand advertising to show its value over multiple accounting periods. The underlying concept was first introduced by Schmalenbach, but the commercial application of the concept of adjusted economic profit was by Stern Stewart & Co. which has trade-marked their adjusted economic profit as EVA or Economic Value Added.
Some economists define further types of profit:
 
Abnormal profit (or supernormal profit)

Subnormal profit

monopoly profit (super profit)

Optimum Profit - This is the "right amount" of profit a business can achieve. In business, this figure takes account of marketing strategy, market position, and other methods of increasing returns above the competitive rate.
Accounting profits should include economic profits, which are also called economic rents. For instance, a monopoly can have very high economic profits, and those profits might include a rent on some natural resource that firm owns, where that resource cannot be easily duplicated by other firms.


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Mini Forex Trading

Saturday, July 4, 2009, Ashok Niroula

Mini Forex Trading
The MONEYFOREX Mini account was designed for those who are new to the forex market. The Mini forex account trades in smaller contract sizes of 10,000 units, which is 1/10th the size of the standard account. The smaller trade size gives traders the opportunity to trade live with less overall risk or exposure to the market. In addition, the Mini account allows traders to become familiar with MONEYFOREX, more specifically the quality and reliability of MONEYFOREX dealing practices and the stability of the MoneyForex Trader Trading Platform.

Important of Trading Strategy
Many traders will hold on to losses hoping it will reverse eventually, only to see the loss get progressively larger. The trading decisions are based on emotional reactions to fluctuating profits and losses, a common pitfall for new traders.

Because the pip value on the Mini Account is just $1 per pip, traders can focus on developing a disciplined trading strategy, basing decisions on pip movement and market conditions NOT P/L.

For Example: When trading a MONEYFOREX Mini account, a 50-pip floating loss is approximately $50. That same 50-pip move against you on the Standard Account now becomes a $500 floating loss. By starting with a Mini account- a trader loses only a small amount on every losing transaction making it easier to stick to a disciplined trading strategy. Generating larger losses on the Standard Account can be detrimental to new traders as the temptation to hold on to the loss is much greater based on the size of the loss.

Start Small with 10,000 units.
There is NO MAXIMUM trade volume on the MONEYFOREX Mini forex account. The standard default trade size in the platform is 100,000 units which equivalent to one standard lot. Therefore, for mini lot you need to adjust it to 0.1 lot in order to place 10,000 units. For instance, you can trade 10,000 units, 50,000 units or 150,000 units. This means as you become more experienced and build up confidence you can slowly increase the size of your positions to maximize profits. In fact the trade size of 10,000 units allows for more flexibility in terms of customizing the size of your trade. The ability to customize the size of the trade enables better risk and account management. To place trade for mini lot, please change the lot amount setting to 0.1.The current default setting is 1 standard lot. The default setting located in the Total Account(s) Equity Window under "DA".

Ideal for Beginners
MONEYFOREX recommends that all traders with account balances less than $10,000 trade a Mini account. This gives you more staying power in the market, and the ability to take advantage of multiple opportunities without over-leveraging your account. Even if you are correct on the direction of the market, minor fluctuations can generate a margin call and liquidate a good position.

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Online Forex Broker Profile

Ashok Niroula

MoneyForex is one of the world leading online currency trading broker offering low pips and commission-free online forex trading. Founded by Wall Street veterans, MoneyForex's vision is to service individual and corporate investors such as money managers, banks, and financial institutions in easing the complexity in dealing with forex trading. Our dealing software which specialized in forex dealing is rated second to none for it user friendly environment. Lightning speed and efficient execution is one of its many benefits.

MoneyForex is incorporated in British Virgin Island (Registration Number 629302) under the provisions of the International Business Companies Act, 1984. MoneyForex is authorized to offer futures, securities, and foreign exchange as a forex broker and primary market maker.

MoneyForex is founded by a group of Wall Street Veterans who has more than 30 years experience in the financial market. Other than the financial industry, the group operates various businesses including real estate development, media communication, advertising, internet technology and software application and development.

In this complex forex market, a user friendly platform is a must in order to make fast and efficient trading decision and execution. Our trading platform is rated the most user friendly by professional traders. MoneyForex's clients consist of financial institutions, money managers as well as individual investors.

We take pride in our professional staff that is thoroughly trained to look after the best interests of our clients. Our professional staff is available twenty-four hours a day (Monday to Friday) to answer your inquiry. Try out our service by open a free demo forex account.

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A central bank

Wednesday, June 17, 2009, Ashok Niroula

A central bank, reserve bank, or monetary authority is the entity responsible for the monetary policy of a country or of a group of member states. It is a bank that can lend money to other banks in times of need.Its primary responsibility is to maintain the stability of the national currency and money supply, but more active duties include controlling subsidized-loan interest rates, and acting as a lender of last resort to the banking sector during times of financial crisis (private banks often being integral to the national financial system). It may also have supervisory powers, to ensure that banks and other financial institutions do not behave recklessly or fraudulently.

Most richer countries today have an "independent" central bank, that is, one which operates under rules designed to prevent political interference. Examples include the European Central Bank (ECB) and the Federal Reserve System in the United States. Some central banks are publicly owned, and others are privately owned. For example, the Reserve Bank of India is publicly owned and directly governed by the Indian government. Another example is the United States Federal Reserve, which is a quasi-public corporation.

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A Theory of Money and Banking

Ashok Niroula

We construct a simple environment that combines a limited communication friction and a limited information friction in order to generate a role for money and intermediation. We ask whether there is any reason to expect the emergence of a banking sector (i.e., institutions that combine the business of money creation with the business of intermediation). In our model the unique equilibrium is characterized, in part, by the existence of an agent that: (1) creates money (a debt instrument that circulates as a means of payment); (2) lends it out (swapping it for less liquid forms of debt); (3) is responsible for monitoring those agents in control of the capital backing the illiquid debt; and (4) collects on money loans as they come due. Furthermore, the bank money in our model is a debt instrument that embeds within it important stipulations that are found in actual private money instruments. Thus, our model goes some way in addressing the questions of why private money takes the form that it does, as well as why private money is typically supplied by banks.

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domain name yahoo

Wednesday, June 10, 2009, Ashok Niroula

domains yahoo

Yahoo Web Hosting is the web hosting service by Yahoo. It has received Editor's Choice Award by PC Magazine in 2005 for Small Business Hosting. It currently offers unlimited hosting space and unlimited data transfer for small business hostings. It offers PHP (V4.3.11), MySQL and Perl support. Related services include Yahoo Domains- domain hosting and Yahoo Merchant Solutions - e-commerce hosting.
Yahoo! GeoCities is a web hosting service founded by David Bohnett and John Rezner in late 1994 as Beverly Hills Internet (BHI).

In its original form, site users selected a "city" in which to place their web pages. The "cities" were named after real cities or regions according to their content—for example, computer-related sites were placed in "SiliconValley" and those dealing with entertainment were assigned to "Hollywood"—hence the name of the site. This feature has since been abandoned; however, a number of older sites using the original "city" system still exist.

In April 2009, Yahoo announced that it will close GeoCities by the end of 2009. The site is no longer accepting new registrations.

domain name yahoo

Yahoo! Inc. (NASDAQ: YHOO) is an American public corporation headquartered in Sunnyvale, California, (in Silicon Valley), that provides Internet services worldwide. The company is perhaps best known for its web portal, search engine, Yahoo! Directory, Yahoo! Mail, news, and social media websites and services. Yahoo! was founded by Jerry Yang and David Filo in January 1994 and was incorporated on March 1, 1995.

On January 13, 2009, Yahoo! appointed Carol Bartz, former executive chairperson of Autodesk, as its new chief executive officer and a member of the board of directors.

According to Web traffic analysis companies (including Compete.com, comScore, Alexa Internet, Netcraft, and Nielsen Ratings, the domain yahoo.com attracted at least 1.575 billion visitors annually by 2008.The global network of Yahoo! websites receives 3.4 billion page views per day on average as of October 2007. It is the second most visited website in the U.S., and in the world.

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Wednesday, April 8, 2009, Ashok Niroula

Tanfield Group Plc, a maker of aerial work platforms and commercial electric vehicles, announcing its full year 2008 preliminary results on Wednesday, reported a loss for the year, primarily due to a huge one-off impairment charge taken pursuant to a review of its goodwill and other assets. Results were also impacted as the Group encountered a downturn in its end markets in the second half of 2008.

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Ashok Niroula

Wednesday, beverage alcohol products maker Constellation Brands, Inc. reported a narrower net loss for the fourth quarter, reflecting lower one-time charges compared to last year. On an adjusted basis, earnings plunged 38% and missed market projections. Further, the world's largest wine company provided fiscal 2010 comparable earnings forecast, which is in line with analysts' current estimates. Fourth-quarter net loss was $406.8 million compared to a net loss of $834.8 million last year.

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Forex

Sunday, March 22, 2009, Ashok Niroula

The foreign exchange market (currency, forex, or FX) market is where currency trading takes place. It is where banks and other official institutions facilitate the buying and selling of foreign currencies. FX transactions typically involve one party purchasing a quantity of one currency in exchange for paying a quantity of another. The foreign exchange market that we see today started evolving during the 1970s when worldover countries gradually switched to floating exchange rate from their erstwhile exchange rate regime, which remained fixed as per the Bretton Woods system till 1971.

Now, the FX market is one of the largest and most liquid financial markets in the world, and includes trading between large banks, central banks, currency speculators, corporations, governments, and other institutions. The average daily volume in the global foreign exchange and related markets is continuously growing. Traditional daily turnover was reported to be over US$3.2 trillion in April 2007 by the Bank for International Settlements. Since then, the market has continued to grow. According to Euromoney's annual FX Poll, volumes grew a further 41% between 2007 and 2008.

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