Forex Account: The forex rate of USD/PHP slumped because of weak USD
Posted on 02 September 2010
Forex Account – At the end of the Asia forex market on Thursday (September 2), the forex rate of USD/PHP slumped, because the forex rate of USD against many currencies all slumped and brought pressure to this forex price. The latest price of USD/PHP was at 44.95 pesos, and the close quotation on Wednesday was 45.08 pesos, the forex trading in this trading session was very good.
A forex dealer in a local bank said some of the banks had to sell out their USD assets in the forex market, and he also pointed out that the interest of the forex brokers towards the risky currencies was aroused in the forex market because the US manufacturing data performed very strong.
This forex price got a strong support at the point of 44.80, and the obstacle on top for this forex price was at 45.30.
For more forex news, please go to forex account.
Edited by laura.
Saturday, November 20, 2010
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Sunday, October 24, 2010
FOREX GLOSSARY
A
Accrual - The apportionment of premiums and discounts on forward exchange transactions that relate directly to deposit swap (Interest Arbitrage) deals , over the period of each deal.
Adjustment - Official action normally by either change in the internal economic policies to correct a payment imbalance or in the official currency rate or.
Appreciation - A currency is said to 'appreciate' when it strengthens in price in response to market demand.
Arbitrage - The purchase or sale of an instrument and simultaneous taking of an equal and opposite position in a related market, in order to take advantage of small price differentials between markets.
Ask (Offer) Price - The price at which the market is prepared to sell a specific Currency in a Foreign Exchange Contract or Cross Currency Contract. At this price, the trader can buy the base currency. In the quotation, it is shown on the right side of the quotation. For example, in the quote USD/CHF 1.4527/32, the ask price is 1.4532; meaning you can buy one US dollar for 1.4532 Swiss francs.
At Best - An instruction given to a dealer to buy or sell at the best rate that can be obtained.
At or Better - An order to deal at a specific rate or better.
B
Balance of Trade - The value of a country's exports minus its imports.
Bar Chart - A type of chart which consists of four significant points: the high and the low prices, which form the vertical bar, the opening price, which is marked with a little horizontal line to the left of the bar, and the closing price, which is marked with a little horizontal line of the right of the bar.
Base Currency - The first currency in a Currency Pair. It shows how much the base currency is worth as measured against the second currency. For example, if the USD/CHF rate equals 1.6215 then one USD is worth CHF 1.6215 In the FX markets, the US Dollar is normally considered the 'base' currency for quotes, meaning that quotes are expressed as a unit of $1 USD per the other currency quoted in the pair. The primary exceptions to this rule are the British Pound, the Euro and the Australian Dollar.
Bear Market - A market distinguished by declining prices.
Bid Price - The bid is the price at which the market is prepared to buy a specific Currency in a Foreign Exchange Contract or Cross Currency Contract. At this price, the trader can sell the base currency. It is shown on the left side of the quotation. For example, in the quote USD/CHF 1.4527/32, the bid price is 1.4527; meaning you can sell one US dollar for 1.4527 Swiss francs.
Bid/Ask Spread - The difference between the bid and offer price.
Big Figure - The first two or three digits of a foreign exchange price or rate. Examples: If the USD/JPY bid/ask is 115.27/32, the big figure is 115. On a EUR/USD price of 1.2855/58 the big figure is 1.28. The big figure is often omitted in dealer quotes. The EUR/USD price of 1.2855/58 would be verbally quoted as "55/58".
Book - In a professional trading environment, a 'book' is the summary of a trader's or desk's total positions.
Broker - An individual or firm that acts as an intermediary, putting together buyers and sellers for a fee or commission. In contrast, a 'dealer' commits capital and takes one side of a position, hoping to earn a spread (profit) by closing out the position in a subsequent trade with another party.
Bretton Woods Agreement of 1944 - An agreement that established fixed foreign exchange rates for major currencies, provided for central bank intervention in the currency markets, and pegged the price of gold at US $35 per ounce. The agreement lasted until 1971, when President Nixon overturned the Bretton Woods agreement and established a floating exchange rate for the major currencies.
British Retail Consortium (BRC) Shop Price Index – Measures the rate of inflation at various surveyed retailers. This index only looks at price changes in goods purchased in retail outlets.
Bull Market - A market distinguished by rising prices.
Bundesbank - Germany's Central Bank.
C
Cable - Trader jargon referring to the Sterling/US Dollar exchange rate. So called because the rate was originally transmitted via a transatlantic cable beginning in the mid 1800's.
Canadian Ivey Purchasing Managers (CIPM) Index – A monthly gauge of Canadian business sentiment issued by the Richard Ivey Business School.
Candlestick Chart - A chart that indicates the trading range for the day as well as the opening and closing price. If the open price is higher than the close price, the rectangle between the open and close price is shaded. If the close price is higher than the open price, that area of the chart is not shaded.
Carry Trade – Refers to the simultaneous selling of a currency with a low interest rate, while purchasing currencies with higher interest rates. Examples are the JPY crosses such as GBP/JPY and NZD/JPY.
Cash Market - The market in the actual financial instrument on which a futures or options contract is based.
Central Bank - A government or quasi-governmental organization that manages a country's monetary policy. For example, the US central bank is the Federal Reserve, and the German central bank is the Bundesbank.
Chartist - An individual who uses charts and graphs and interprets historical data to find trends and predict future movements. Also referred to as Technical Trader.
Cleared Funds - Funds that are freely available, sent in to settle a trade.
Closed Position - Exposures in Foreign Currencies that no longer exist. The process to close a position is to sell or buy a certain amount of currency to offset an equal amount of the open position. This will 'square' the postion.
Clearing - The process of settling a trade.
Contagion - The tendency of an economic crisis to spread from one market to another. In 1997, political instability in Indonesia caused high volatility in their domestic currency, the Rupiah. From there, the contagion spread to other Asian emerging currencies, and then to Latin America, and is now referred to as the 'Asian Contagion'.
Collateral - Something given to secure a loan or as a guarantee of performance.
Commission - A transaction fee charged by a broker.
Confirmation - A document exchanged by counterparts to a transaction that states the terms of said transaction.
Construction Spending – Measures the amount of spending towards new construction, released monthly by the U.S. Department of Commerce's Census Bureau.
Contract - The standard unit of trading.
Counter Currency - The second listed Currency in a Currency Pair.
Counterparty - One of the participants in a financial transaction.
Country Risk - Risk associated with a cross-border transaction, including but not limited to legal and political conditions.
Cross Currency Pairs - A pair of currencies that does not include the U.S. dollar. For example: EUR/JPY or GBP/CHF.
Currency symbols
AUD - Australian Dollar
CAD - Canadian Dollar
EUR - Euro
JPY - Japanese Yen
GBP - British Pound
CHF - Swiss Franc
Currency - Any form of money issued by a government or central bank and used as legal tender and a basis for trade.
Currency Pair - The two currencies that make up a foreign exchange rate. For Example, EUR/USD
Currency Risk - the probability of an adverse change in exchange rates.
Current Account – The sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). The balance of trade is typically is the key component to the current account.
D
Day Trader - Speculators who take positions in commodities which are then liquidated prior to the close of the same trading day.
Dealer - An individual or firm that acts as a principal or counterpart to a transaction. Principals take one side of a position, hoping to earn a spread (profit) by closing out the position in a subsequent trade with another party. In contrast, a broker is an individual or firm that acts as an intermediary, putting together buyers and sellers for a fee or commission.
Deficit - A negative balance of trade or payments.
Delivery - An FX trade where both sides make and take actual delivery of the currencies traded.
Department of Communities and Local Government (DCLG) UK House Prices – A monthly survey produced by the DCLG that uses a very large sample of all completed house sales to measure the price trends in the UK real estate market.
Depreciation - A fall in the value of a currency due to market forces.
Derivative - A contract that changes in value in relation to the price movements of a related or underlying security, future or other physical instrument. An Option is the most common derivative instrument.
Devaluation - The deliberate downward adjustment of a currency's price, normally by official announcement.
Discount Rate – Interest rate that an eligible depository institution is charged to borrow short-term funds directly from the Federal Reserve Bank.
E
Economic Indicator - A government issued statistic that indicates current economic growth and stability. Common indicators include employment rates, Gross Domestic Product (GDP), inflation, retail sales, etc.
Elliott waves
End Of Day Order (EOD) - An order to buy or sell at a specified price. This order remains open until the end of the trading day which is typically 5PM ET.
European Monetary Union (EMU) - The principal goal of the EMU is to establish a single European currency called the Euro, which will officially replace the national currencies of the member EU countries in 2002. On Janaury1, 1999 the transitional phase to introduce the Euro began. The Euro now exists as a banking currency and paper financial transactions and foreign exchange are made in Euros. This transition period will last for three years, at which time Euro notes an coins will enter circulation. On July 1,2002, only Euros will be legal tender for EMU participants, the national currencies of the member countries will cease to exist. The current members of the EMU are Germany, France, Belgium, Luxembourg, Austria, Finland, Ireland, the Netherlands, Italy, Spain and Portugal.
EURO - the currency of the European Monetary Union (EMU). A replacement for the European Currency Unit (ECU).
European Central Bank (ECB) - the Central Bank for the new European Monetary Union.
Eurozone Organization for Economic Co-operation and Development (OECD) Leading Indicator – A monthly index produced by the OECD. It measures overall economic health by combining ten leading indicators including: average weekly hours, new orders, consumer expectations, housing permits, stock prices, and interest rate spreads.
Eurozone Labor Cost Index – Measures the annualized rate of inflation in the compensation and benefits paid to civilian workers and is seen as a primary driver of overall inflation.
F
Factory Orders – The dollar level of new orders for both durable and nondurable goods. This report is more in depth than the durable goods report which is released earlier in the month.
Federal Reserve (Fed) - The Central Bank for the United States.
First In First Out (FIFO) - Open positions are closed according to the FIFO accounting rule. All positions opened within a particular currency pair are liquidated in the order in which they were originally opened.
Fibonacci
Flat/square - Dealer jargon used to describe a position that has been completely reversed, e.g. you bought $500,000 then sold $500,000, thereby creating a neutral (flat) position.
Foreign Exchange - (Forex, FX) - the simultaneous buying of one currency and selling of another.
Forward - The pre-specified exchange rate for a foreign exchange contract settling at some agreed future date, based upon the interest rate differential between the two currencies involved.
Forward Points - The pips added to or subtracted from the current exchange rate to calculate a forward price.
French Central Government Balance – The difference between the central government's monthly income and spending.
Fundamental Analysis - Analysis of economic and political information with the objective of determining future movements in a financial market.
Futures Contract - An obligation to exchange a good or instrument at a set price on a future date. The primary difference between a Future and a Forward is that Futures are typically traded over an exchange (Exchange- Traded Contacts - ETC), versus forwards, which are considered Over The Counter (OTC) contracts. An OTC is any contract NOT traded on an exchange.
FX - Foreign Exchange.
G
G7 - The seven leading industrial countries, being US , Germany, Japan, France, UK, Canada, Italy.
Going Long - The purchase of a stock, commodity, or currency for investment or speculation.
Going Short - The selling of a currency or instrument not owned by the seller.
Gross Domestic Product - Total value of a country's output, income or expenditure produced within the country's physical borders.
Gross National Product - Gross domestic product plus income earned from investment or work abroad.
Good 'Til Cancelled Order (GTC) - An order to buy or sell at a specified price. This order remains open until filled or until the client cancels.
H
Hedge - A position or combination of positions that reduces the risk of your primary position.
"Hit the bid" - Acceptance of purchasing at the offer or selling at the bid.
I
Industrial Production – Measures the total value of output produced by manufacturers, mines and utilities. This data tends to react quickly to the expansions and contractions of the business cycle and can act as a leading indicator of employment and personal income.
Inflation - An economic condition whereby prices for consumer goods rise, eroding purchasing power.
Initial Margin - The initial deposit of collateral required to enter into a position as a guarantee on future performance.
Interbank Rates - The Foreign Exchange rates at which large international banks quote other large international banks.
Intervention - Action by a central bank to effect the value of its currency by entering the market. Concerted intervention refers to action by a number of central banks to control exchange rates.
Introducing Broker - A person or corporate entity which introduces accounts to brocker for a fee.
ISM Manufacturing Index – An index that assesses the state of US manufacturing sector by surveying executives on expectations for future production, new orders, inventories, employment and deliveries. Values over 50 generally indicate an expansion, while values below 50 indicate contraction.
ISM Non-Manufacturing – An index that survey service sector firms for their outlook, representing the other 80% of the U.S. economy not covered by ISM MANUFACTURING REPORT. Values over 50 generally indicate an expansion, while values below 50 indicate contraction.
J
Japanese Economy Watchers Survey – Measures the mood of businesses that directly service consumers such waiters, drivers, and beauticians. Readings above 50 generally signal improvements in sentiment.
Japanese Machine Tool Orders – Measures the total value of new orders placed with machine tool manufactures. Machine tool orders are a measure of the demand for machines that make machines, a leading indicator of future industrial production. Strong data generally signals that manufacturing is improving and that the economy is in an expansion phase
K
Kiwi - Slang for the New Zealand dollar.
L
Leading Indicators - Statistics that are considered to predict future economic activity.
Leverage - Also called margin. The ratio of the amount used in a transaction to the required security deposit.
LIBOR - The London Inter-Bank Offered Rate. Banks use LIBOR when borrowing from another bank.
Limit order - An order with restrictions on the maximum price to be paid or the minimum price to be received. As an example, if the current price of USD/YEN is 117.00/05, then a limit order to buy USD would be at a price below 102. (ie 116.50)
Liquidation - The closing of an existing position through the execution of an offsetting transaction.
Liquidity - The ability of a market to accept large transaction with minimal to no impact on price stability.
Long position - A position that appreciates in value if market prices increase. When the base currency in the pair is bought, the position is said to be long.
Lot - A unit to measure the amount of the deal. The value of the deal always corresponds to an integer number of lots.
M
Manufacturing Production – Measures the total output of the manufacturing aspect of the Industrial Production figures. This data only measure the 13 sub sectors that relate directly to manufacturing. Manufacturing makes up approximately 80% of total Industrial Production.
Margin - The required equity that an investor must deposit to collateralize a position.
Margin Call - A request from a broker or dealer for additional funds or other collateral to guarantee performance on a position that has moved against the customer.
Market Maker - A dealer who regularly quotes both bid and ask prices and is ready to make a two-sided market for any financial instrument.
Market Risk - Exposure to changes in market prices.
Mark-to-Market - Process of re-evaluating all open positions with the current market prices. These new values then determine margin requirements.
Maturity - The date for settlement or expiry of a financial instrument.
N
Net Position - The amount of currency bought or sold which have not yet been offset by opposite transactions.
O
Offer (ask) - The rate at which a dealer is willing to sell a currency. See Ask (offer) price
Offsetting transaction - A trade with which serves to cancel or offset some or all of the market risk of an open position.
One Cancels the Other Order (OCO) - A designation for two orders whereby one part of the two orders is executed the other is automatically cancelled.
Open order - An order that will be executed when a market moves to its designated price. Normally associated with Good 'til Cancelled Orders.
Open position - An active trade with corresponding unrealized P&L, which has not been offset by an equal and opposite deal.
Over the Counter (OTC) - Used to describe any transaction that is not conducted over an exchange.
Overnight Position - A trade that remains open until the next business day.
Order - An instruction to execute a trade at a specified rate.
P
Personal Income – Measures an individuals' total annual gross earnings from wages, business enterprises and various investments. Personal income is the key to personal spending, which accounts for 2/3 of GDP in the major economies.
Pips - The smallest unit of price for any foreign currency. Digits added to or subtracted from the fourth decimal place, i.e. 0.0001. Also called Points.
Political Risk - Exposure to changes in governmental policy which will have an adverse effect on an investor's position.
Position - The netted total holdings of a given currency.
Premium - In the currency markets, describes the amount by which the forward or futures price exceed the spot price.
Price Transparency - Describes quotes to which every market participant has equal access.
Profit /Loss or "P/L" or Gain/Loss - The actual "realized" gain or loss resulting fromtrading activities on Closed Positions, plus the theoretical "unrealized" gain or loss on Open Positions that have been Mark-to-Market.
Purchasing Managers Index Services (France, Germany, Eurozone, UK) – Measures an outlook of purchasing managers in the service sector. Such managers are surveyed on a number of subjects including employment, production, new orders, supplier deliveries, and inventories. Readings above 50 generally indicate expansion, while reading below 50 suggest economic contraction.
Q
Quote - An indicative market price, normally used for information purposes only.
R
Rally - A recovery in price after a period of decline.
Range - The difference between the highest and lowest price of a future recorded during a given trading session.
Rate - The price of one currency in terms of another, typically used for dealing purposes.
Resistance - A term used in technical analysis indicating a specific price level at which analysis concludes people will sell.
Retail Sales – Measures the monthly retail sales of all goods and services sold by retailers based on a sampling of variety of different types and sizes. This data gives a look into consumer spending behavior, which is a key determinant of growth in all major economies.
Revaluation - An increase in the exchange rate for a currency as a result of central bank intervention. Opposite of Devaluation.
Risk - Exposure to uncertain change, most often used with a negative connotation of adverse change.
Risk Management - the employment of financial analysis and trading techniques to reduce and/or control exposure to various types of risk.
Roll-Over - A rollover is the simultaneous closing of an open position for today's value date and the opening of the same position for the next day's value date at a price reflecting the interest rate differential between the two currencies.
The spot forex market is traded on a two-day value date. For example, for trades executed on Monday, the value date is Wednesday. However, if a position is opened on Monday and held overnight (remains open after 1700 ET), the value date is now Thursday. The exception is a position opened and held overnight on Wednesday. The normal value date would be Saturday; because banks are closed on Saturday the value date is actually the following Monday. Due to the weekend, positions held overnight on Wednesday incur or earn an extra two days of interest. Trades with a value date that falls on a holiday will also incur or earn additional interest.
Round trip - Buying and selling of a specified amount of currency.
S
Settlement - The process by which a trade is entered into the books and records of the counterparts to a transaction. The settlement of currency trades may or may not involve the actual physical exchange of one currency for another.
Short Position - An investment position that benefits from a decline in market price. When the base currency in the pair is sold, the position is said to be short.
Simple Moving Average (SMA) – A simple average of a pre – defined amount of price bars. For example, a 50 period Daily chart SMA is the average closing price of the previous 50 daily closing bars. Any time interval can be applied here.
Spot Price - The current market price. Settlement of spot transactions usually occurs within two business days.
Spread - The difference between the bid and offer prices.
Square - Purchase and sales are in balance and thus the dealer has no open position.
Sterling - slang for British Pound.
Stop Loss Order - Order type whereby an open position is automatically liquidated at a specific price. Often used to minimize exposure to losses if the market moves against an investor's position. As an example, if an investor is long USD at 156.27, they might wish to put in a stop loss order for 155.49, which would limit losses should the dollar depreciate, possibly below 155.49. Refer to Trading Handbook for FOREX.com's Stop Loss Policy.
Support Levels - A technique used in technical analysis that indicates a specific price ceiling and floor at which a given exchange rate will automatically correct itself. Opposite of resistance.
Swap - A currency swap is the simultaneous sale and purchase of the same amount of a given currency at a forward exchange rate.
Swissy - Market slang for Swiss Franc.
T
Technical Analysis - An effort to forecast prices by analyzing market data, i.e. historical price trends and averages, volumes, open interest, etc.
Tick - A minimum change in price, up or down.
Tomorrow Next (Tom/Next) - Simultaneous buying and selling of a currency for delivery the following day.
Trade Balance – Measures the difference in value between imported and exported goods and services. Nations with trade surpluses (exports greater than imports), such as Japan, tend to see their currencies appreciate, while countries with trade deficits (imports greater than exports), such as the US, tend to see their currencies weaken.
Transaction Cost - the cost of buying or selling a financial instrument.
Transaction Date - The date on which a trade occurs.
Turnover - The total money value of all executed transactions in a given time period; volume.
Two-Way Price - When both a bid and offer rate is quoted for a FX transaction.
U
UK HBOS House Price Index – Measures the relative level of UK house prices for an indication of trends in UK real estate sector and their implication for overall economic outlook. This index is the longest monthly data series of any UK housing index, put out by the largest UK mortgage lender (Halifax Building Society/Bank of Scotland).
UK Producers Price Index Input – Measures the rate of inflation experienced by manufacturers when purchasing materials and services. This data is closely scrutinized since it can be a leading indicator of consumer inflation.
UK Producers Price Index Output – Measures the rate of inflation experienced by manufacturers when selling goods and services.
UK Claimant Count Rate – Measures the number of people claiming unemployment benefits. The claimant count figures tend to be lower than the unemployment data since not all unemployed are eligible for benefits.
UK Jobless Claims Change – Measures the change in the number of people claiming benefits over the previous month.
UK Average Earnings Including Bonus/ Excluding bonus – Measures the average wage including/excluding bonuses paid to employees. This is measured QoQ from the previous year.
UK Manual Unit Wage Costs – Measures the change in total labor cost expended in the production of one unit of output.
Unemployment Rate – Measures the total workforce that is unemployed and actively seeking employment, measured as the percentage of the labor force.
University of Michigan's Consumer Sentiment Index – Polls 500 US households each month. The report is issued in a preliminary version mid – month and a final version at the end of the month. Questions revolve around individuals attitudes about the US economy. Consumer sentiment is viewed as a proxy for the strength of consumer spending.
Unrealized Gain/Loss - The theoretical gain or loss on Open Positions valued at current market rates, as determined by the broker in its sole discretion. Unrealized Gains' Losses become Profits/Losses when position is closed.
Uptick - a new price quote at a price higher than the preceding quote.
Uptick Rule - In the U.S., a regulation whereby a security may not be sold short unless the last trade prior to the short sale was at a price lower than the price at which the short sale is executed.
US Prime Rate - The interest rate at which US banks will lend to their prime corporate customers.
V
Value Date - The date on which counterparts to a financial transaction agree to settle their respective obligations, i.e., exchanging payments. For spot currency transactions, the value date is normally two business days forward. Also known as maturity date.
Variation Margin - Funds a broker must request from the client to have the required margin deposited. The term usually refers to additional funds that must be deposited as a result of unfavorable price movements.
The VIX or Volatility Index – Shows the market's expectation of 30 – day volatility. It is constructed using the implied volatilities of a wide range of S&P 500 index options. The VIX is a widely used measure of market risk and is often referred to as the "investor fear gauge".
Volatility (Vol) - A statistical measure of a market's price movements over time.
W
Wedge Chart Pattern – Chart formation that shows a narrowing price range over time, where price highs in an ascending wedge are incrementally less, or in a descending wedge, price declines are incrementally smaller. Ascending wedges typically conclude with a downside breakout, and descending wedges typically terminate with upside breakouts.
Whipsaw - slang for a condition of a highly volatile market where a sharp price movement is quickly followed by a sharp reversal.
Wholesale Prices – Measures the changes in prices paid by retailers for finished goods. Inflationary pressures typically show up here earlier than the headline retail.
Accrual - The apportionment of premiums and discounts on forward exchange transactions that relate directly to deposit swap (Interest Arbitrage) deals , over the period of each deal.
Adjustment - Official action normally by either change in the internal economic policies to correct a payment imbalance or in the official currency rate or.
Appreciation - A currency is said to 'appreciate' when it strengthens in price in response to market demand.
Arbitrage - The purchase or sale of an instrument and simultaneous taking of an equal and opposite position in a related market, in order to take advantage of small price differentials between markets.
Ask (Offer) Price - The price at which the market is prepared to sell a specific Currency in a Foreign Exchange Contract or Cross Currency Contract. At this price, the trader can buy the base currency. In the quotation, it is shown on the right side of the quotation. For example, in the quote USD/CHF 1.4527/32, the ask price is 1.4532; meaning you can buy one US dollar for 1.4532 Swiss francs.
At Best - An instruction given to a dealer to buy or sell at the best rate that can be obtained.
At or Better - An order to deal at a specific rate or better.
B
Balance of Trade - The value of a country's exports minus its imports.
Bar Chart - A type of chart which consists of four significant points: the high and the low prices, which form the vertical bar, the opening price, which is marked with a little horizontal line to the left of the bar, and the closing price, which is marked with a little horizontal line of the right of the bar.
Base Currency - The first currency in a Currency Pair. It shows how much the base currency is worth as measured against the second currency. For example, if the USD/CHF rate equals 1.6215 then one USD is worth CHF 1.6215 In the FX markets, the US Dollar is normally considered the 'base' currency for quotes, meaning that quotes are expressed as a unit of $1 USD per the other currency quoted in the pair. The primary exceptions to this rule are the British Pound, the Euro and the Australian Dollar.
Bear Market - A market distinguished by declining prices.
Bid Price - The bid is the price at which the market is prepared to buy a specific Currency in a Foreign Exchange Contract or Cross Currency Contract. At this price, the trader can sell the base currency. It is shown on the left side of the quotation. For example, in the quote USD/CHF 1.4527/32, the bid price is 1.4527; meaning you can sell one US dollar for 1.4527 Swiss francs.
Bid/Ask Spread - The difference between the bid and offer price.
Big Figure - The first two or three digits of a foreign exchange price or rate. Examples: If the USD/JPY bid/ask is 115.27/32, the big figure is 115. On a EUR/USD price of 1.2855/58 the big figure is 1.28. The big figure is often omitted in dealer quotes. The EUR/USD price of 1.2855/58 would be verbally quoted as "55/58".
Book - In a professional trading environment, a 'book' is the summary of a trader's or desk's total positions.
Broker - An individual or firm that acts as an intermediary, putting together buyers and sellers for a fee or commission. In contrast, a 'dealer' commits capital and takes one side of a position, hoping to earn a spread (profit) by closing out the position in a subsequent trade with another party.
Bretton Woods Agreement of 1944 - An agreement that established fixed foreign exchange rates for major currencies, provided for central bank intervention in the currency markets, and pegged the price of gold at US $35 per ounce. The agreement lasted until 1971, when President Nixon overturned the Bretton Woods agreement and established a floating exchange rate for the major currencies.
British Retail Consortium (BRC) Shop Price Index – Measures the rate of inflation at various surveyed retailers. This index only looks at price changes in goods purchased in retail outlets.
Bull Market - A market distinguished by rising prices.
Bundesbank - Germany's Central Bank.
C
Cable - Trader jargon referring to the Sterling/US Dollar exchange rate. So called because the rate was originally transmitted via a transatlantic cable beginning in the mid 1800's.
Canadian Ivey Purchasing Managers (CIPM) Index – A monthly gauge of Canadian business sentiment issued by the Richard Ivey Business School.
Candlestick Chart - A chart that indicates the trading range for the day as well as the opening and closing price. If the open price is higher than the close price, the rectangle between the open and close price is shaded. If the close price is higher than the open price, that area of the chart is not shaded.
Carry Trade – Refers to the simultaneous selling of a currency with a low interest rate, while purchasing currencies with higher interest rates. Examples are the JPY crosses such as GBP/JPY and NZD/JPY.
Cash Market - The market in the actual financial instrument on which a futures or options contract is based.
Central Bank - A government or quasi-governmental organization that manages a country's monetary policy. For example, the US central bank is the Federal Reserve, and the German central bank is the Bundesbank.
Chartist - An individual who uses charts and graphs and interprets historical data to find trends and predict future movements. Also referred to as Technical Trader.
Cleared Funds - Funds that are freely available, sent in to settle a trade.
Closed Position - Exposures in Foreign Currencies that no longer exist. The process to close a position is to sell or buy a certain amount of currency to offset an equal amount of the open position. This will 'square' the postion.
Clearing - The process of settling a trade.
Contagion - The tendency of an economic crisis to spread from one market to another. In 1997, political instability in Indonesia caused high volatility in their domestic currency, the Rupiah. From there, the contagion spread to other Asian emerging currencies, and then to Latin America, and is now referred to as the 'Asian Contagion'.
Collateral - Something given to secure a loan or as a guarantee of performance.
Commission - A transaction fee charged by a broker.
Confirmation - A document exchanged by counterparts to a transaction that states the terms of said transaction.
Construction Spending – Measures the amount of spending towards new construction, released monthly by the U.S. Department of Commerce's Census Bureau.
Contract - The standard unit of trading.
Counter Currency - The second listed Currency in a Currency Pair.
Counterparty - One of the participants in a financial transaction.
Country Risk - Risk associated with a cross-border transaction, including but not limited to legal and political conditions.
Cross Currency Pairs - A pair of currencies that does not include the U.S. dollar. For example: EUR/JPY or GBP/CHF.
Currency symbols
AUD - Australian Dollar
CAD - Canadian Dollar
EUR - Euro
JPY - Japanese Yen
GBP - British Pound
CHF - Swiss Franc
Currency - Any form of money issued by a government or central bank and used as legal tender and a basis for trade.
Currency Pair - The two currencies that make up a foreign exchange rate. For Example, EUR/USD
Currency Risk - the probability of an adverse change in exchange rates.
Current Account – The sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). The balance of trade is typically is the key component to the current account.
D
Day Trader - Speculators who take positions in commodities which are then liquidated prior to the close of the same trading day.
Dealer - An individual or firm that acts as a principal or counterpart to a transaction. Principals take one side of a position, hoping to earn a spread (profit) by closing out the position in a subsequent trade with another party. In contrast, a broker is an individual or firm that acts as an intermediary, putting together buyers and sellers for a fee or commission.
Deficit - A negative balance of trade or payments.
Delivery - An FX trade where both sides make and take actual delivery of the currencies traded.
Department of Communities and Local Government (DCLG) UK House Prices – A monthly survey produced by the DCLG that uses a very large sample of all completed house sales to measure the price trends in the UK real estate market.
Depreciation - A fall in the value of a currency due to market forces.
Derivative - A contract that changes in value in relation to the price movements of a related or underlying security, future or other physical instrument. An Option is the most common derivative instrument.
Devaluation - The deliberate downward adjustment of a currency's price, normally by official announcement.
Discount Rate – Interest rate that an eligible depository institution is charged to borrow short-term funds directly from the Federal Reserve Bank.
E
Economic Indicator - A government issued statistic that indicates current economic growth and stability. Common indicators include employment rates, Gross Domestic Product (GDP), inflation, retail sales, etc.
Elliott waves
End Of Day Order (EOD) - An order to buy or sell at a specified price. This order remains open until the end of the trading day which is typically 5PM ET.
European Monetary Union (EMU) - The principal goal of the EMU is to establish a single European currency called the Euro, which will officially replace the national currencies of the member EU countries in 2002. On Janaury1, 1999 the transitional phase to introduce the Euro began. The Euro now exists as a banking currency and paper financial transactions and foreign exchange are made in Euros. This transition period will last for three years, at which time Euro notes an coins will enter circulation. On July 1,2002, only Euros will be legal tender for EMU participants, the national currencies of the member countries will cease to exist. The current members of the EMU are Germany, France, Belgium, Luxembourg, Austria, Finland, Ireland, the Netherlands, Italy, Spain and Portugal.
EURO - the currency of the European Monetary Union (EMU). A replacement for the European Currency Unit (ECU).
European Central Bank (ECB) - the Central Bank for the new European Monetary Union.
Eurozone Organization for Economic Co-operation and Development (OECD) Leading Indicator – A monthly index produced by the OECD. It measures overall economic health by combining ten leading indicators including: average weekly hours, new orders, consumer expectations, housing permits, stock prices, and interest rate spreads.
Eurozone Labor Cost Index – Measures the annualized rate of inflation in the compensation and benefits paid to civilian workers and is seen as a primary driver of overall inflation.
F
Factory Orders – The dollar level of new orders for both durable and nondurable goods. This report is more in depth than the durable goods report which is released earlier in the month.
Federal Reserve (Fed) - The Central Bank for the United States.
First In First Out (FIFO) - Open positions are closed according to the FIFO accounting rule. All positions opened within a particular currency pair are liquidated in the order in which they were originally opened.
Fibonacci
Flat/square - Dealer jargon used to describe a position that has been completely reversed, e.g. you bought $500,000 then sold $500,000, thereby creating a neutral (flat) position.
Foreign Exchange - (Forex, FX) - the simultaneous buying of one currency and selling of another.
Forward - The pre-specified exchange rate for a foreign exchange contract settling at some agreed future date, based upon the interest rate differential between the two currencies involved.
Forward Points - The pips added to or subtracted from the current exchange rate to calculate a forward price.
French Central Government Balance – The difference between the central government's monthly income and spending.
Fundamental Analysis - Analysis of economic and political information with the objective of determining future movements in a financial market.
Futures Contract - An obligation to exchange a good or instrument at a set price on a future date. The primary difference between a Future and a Forward is that Futures are typically traded over an exchange (Exchange- Traded Contacts - ETC), versus forwards, which are considered Over The Counter (OTC) contracts. An OTC is any contract NOT traded on an exchange.
FX - Foreign Exchange.
G
G7 - The seven leading industrial countries, being US , Germany, Japan, France, UK, Canada, Italy.
Going Long - The purchase of a stock, commodity, or currency for investment or speculation.
Going Short - The selling of a currency or instrument not owned by the seller.
Gross Domestic Product - Total value of a country's output, income or expenditure produced within the country's physical borders.
Gross National Product - Gross domestic product plus income earned from investment or work abroad.
Good 'Til Cancelled Order (GTC) - An order to buy or sell at a specified price. This order remains open until filled or until the client cancels.
H
Hedge - A position or combination of positions that reduces the risk of your primary position.
"Hit the bid" - Acceptance of purchasing at the offer or selling at the bid.
I
Industrial Production – Measures the total value of output produced by manufacturers, mines and utilities. This data tends to react quickly to the expansions and contractions of the business cycle and can act as a leading indicator of employment and personal income.
Inflation - An economic condition whereby prices for consumer goods rise, eroding purchasing power.
Initial Margin - The initial deposit of collateral required to enter into a position as a guarantee on future performance.
Interbank Rates - The Foreign Exchange rates at which large international banks quote other large international banks.
Intervention - Action by a central bank to effect the value of its currency by entering the market. Concerted intervention refers to action by a number of central banks to control exchange rates.
Introducing Broker - A person or corporate entity which introduces accounts to brocker for a fee.
ISM Manufacturing Index – An index that assesses the state of US manufacturing sector by surveying executives on expectations for future production, new orders, inventories, employment and deliveries. Values over 50 generally indicate an expansion, while values below 50 indicate contraction.
ISM Non-Manufacturing – An index that survey service sector firms for their outlook, representing the other 80% of the U.S. economy not covered by ISM MANUFACTURING REPORT. Values over 50 generally indicate an expansion, while values below 50 indicate contraction.
J
Japanese Economy Watchers Survey – Measures the mood of businesses that directly service consumers such waiters, drivers, and beauticians. Readings above 50 generally signal improvements in sentiment.
Japanese Machine Tool Orders – Measures the total value of new orders placed with machine tool manufactures. Machine tool orders are a measure of the demand for machines that make machines, a leading indicator of future industrial production. Strong data generally signals that manufacturing is improving and that the economy is in an expansion phase
K
Kiwi - Slang for the New Zealand dollar.
L
Leading Indicators - Statistics that are considered to predict future economic activity.
Leverage - Also called margin. The ratio of the amount used in a transaction to the required security deposit.
LIBOR - The London Inter-Bank Offered Rate. Banks use LIBOR when borrowing from another bank.
Limit order - An order with restrictions on the maximum price to be paid or the minimum price to be received. As an example, if the current price of USD/YEN is 117.00/05, then a limit order to buy USD would be at a price below 102. (ie 116.50)
Liquidation - The closing of an existing position through the execution of an offsetting transaction.
Liquidity - The ability of a market to accept large transaction with minimal to no impact on price stability.
Long position - A position that appreciates in value if market prices increase. When the base currency in the pair is bought, the position is said to be long.
Lot - A unit to measure the amount of the deal. The value of the deal always corresponds to an integer number of lots.
M
Manufacturing Production – Measures the total output of the manufacturing aspect of the Industrial Production figures. This data only measure the 13 sub sectors that relate directly to manufacturing. Manufacturing makes up approximately 80% of total Industrial Production.
Margin - The required equity that an investor must deposit to collateralize a position.
Margin Call - A request from a broker or dealer for additional funds or other collateral to guarantee performance on a position that has moved against the customer.
Market Maker - A dealer who regularly quotes both bid and ask prices and is ready to make a two-sided market for any financial instrument.
Market Risk - Exposure to changes in market prices.
Mark-to-Market - Process of re-evaluating all open positions with the current market prices. These new values then determine margin requirements.
Maturity - The date for settlement or expiry of a financial instrument.
N
Net Position - The amount of currency bought or sold which have not yet been offset by opposite transactions.
O
Offer (ask) - The rate at which a dealer is willing to sell a currency. See Ask (offer) price
Offsetting transaction - A trade with which serves to cancel or offset some or all of the market risk of an open position.
One Cancels the Other Order (OCO) - A designation for two orders whereby one part of the two orders is executed the other is automatically cancelled.
Open order - An order that will be executed when a market moves to its designated price. Normally associated with Good 'til Cancelled Orders.
Open position - An active trade with corresponding unrealized P&L, which has not been offset by an equal and opposite deal.
Over the Counter (OTC) - Used to describe any transaction that is not conducted over an exchange.
Overnight Position - A trade that remains open until the next business day.
Order - An instruction to execute a trade at a specified rate.
P
Personal Income – Measures an individuals' total annual gross earnings from wages, business enterprises and various investments. Personal income is the key to personal spending, which accounts for 2/3 of GDP in the major economies.
Pips - The smallest unit of price for any foreign currency. Digits added to or subtracted from the fourth decimal place, i.e. 0.0001. Also called Points.
Political Risk - Exposure to changes in governmental policy which will have an adverse effect on an investor's position.
Position - The netted total holdings of a given currency.
Premium - In the currency markets, describes the amount by which the forward or futures price exceed the spot price.
Price Transparency - Describes quotes to which every market participant has equal access.
Profit /Loss or "P/L" or Gain/Loss - The actual "realized" gain or loss resulting fromtrading activities on Closed Positions, plus the theoretical "unrealized" gain or loss on Open Positions that have been Mark-to-Market.
Purchasing Managers Index Services (France, Germany, Eurozone, UK) – Measures an outlook of purchasing managers in the service sector. Such managers are surveyed on a number of subjects including employment, production, new orders, supplier deliveries, and inventories. Readings above 50 generally indicate expansion, while reading below 50 suggest economic contraction.
Q
Quote - An indicative market price, normally used for information purposes only.
R
Rally - A recovery in price after a period of decline.
Range - The difference between the highest and lowest price of a future recorded during a given trading session.
Rate - The price of one currency in terms of another, typically used for dealing purposes.
Resistance - A term used in technical analysis indicating a specific price level at which analysis concludes people will sell.
Retail Sales – Measures the monthly retail sales of all goods and services sold by retailers based on a sampling of variety of different types and sizes. This data gives a look into consumer spending behavior, which is a key determinant of growth in all major economies.
Revaluation - An increase in the exchange rate for a currency as a result of central bank intervention. Opposite of Devaluation.
Risk - Exposure to uncertain change, most often used with a negative connotation of adverse change.
Risk Management - the employment of financial analysis and trading techniques to reduce and/or control exposure to various types of risk.
Roll-Over - A rollover is the simultaneous closing of an open position for today's value date and the opening of the same position for the next day's value date at a price reflecting the interest rate differential between the two currencies.
The spot forex market is traded on a two-day value date. For example, for trades executed on Monday, the value date is Wednesday. However, if a position is opened on Monday and held overnight (remains open after 1700 ET), the value date is now Thursday. The exception is a position opened and held overnight on Wednesday. The normal value date would be Saturday; because banks are closed on Saturday the value date is actually the following Monday. Due to the weekend, positions held overnight on Wednesday incur or earn an extra two days of interest. Trades with a value date that falls on a holiday will also incur or earn additional interest.
Round trip - Buying and selling of a specified amount of currency.
S
Settlement - The process by which a trade is entered into the books and records of the counterparts to a transaction. The settlement of currency trades may or may not involve the actual physical exchange of one currency for another.
Short Position - An investment position that benefits from a decline in market price. When the base currency in the pair is sold, the position is said to be short.
Simple Moving Average (SMA) – A simple average of a pre – defined amount of price bars. For example, a 50 period Daily chart SMA is the average closing price of the previous 50 daily closing bars. Any time interval can be applied here.
Spot Price - The current market price. Settlement of spot transactions usually occurs within two business days.
Spread - The difference between the bid and offer prices.
Square - Purchase and sales are in balance and thus the dealer has no open position.
Sterling - slang for British Pound.
Stop Loss Order - Order type whereby an open position is automatically liquidated at a specific price. Often used to minimize exposure to losses if the market moves against an investor's position. As an example, if an investor is long USD at 156.27, they might wish to put in a stop loss order for 155.49, which would limit losses should the dollar depreciate, possibly below 155.49. Refer to Trading Handbook for FOREX.com's Stop Loss Policy.
Support Levels - A technique used in technical analysis that indicates a specific price ceiling and floor at which a given exchange rate will automatically correct itself. Opposite of resistance.
Swap - A currency swap is the simultaneous sale and purchase of the same amount of a given currency at a forward exchange rate.
Swissy - Market slang for Swiss Franc.
T
Technical Analysis - An effort to forecast prices by analyzing market data, i.e. historical price trends and averages, volumes, open interest, etc.
Tick - A minimum change in price, up or down.
Tomorrow Next (Tom/Next) - Simultaneous buying and selling of a currency for delivery the following day.
Trade Balance – Measures the difference in value between imported and exported goods and services. Nations with trade surpluses (exports greater than imports), such as Japan, tend to see their currencies appreciate, while countries with trade deficits (imports greater than exports), such as the US, tend to see their currencies weaken.
Transaction Cost - the cost of buying or selling a financial instrument.
Transaction Date - The date on which a trade occurs.
Turnover - The total money value of all executed transactions in a given time period; volume.
Two-Way Price - When both a bid and offer rate is quoted for a FX transaction.
U
UK HBOS House Price Index – Measures the relative level of UK house prices for an indication of trends in UK real estate sector and their implication for overall economic outlook. This index is the longest monthly data series of any UK housing index, put out by the largest UK mortgage lender (Halifax Building Society/Bank of Scotland).
UK Producers Price Index Input – Measures the rate of inflation experienced by manufacturers when purchasing materials and services. This data is closely scrutinized since it can be a leading indicator of consumer inflation.
UK Producers Price Index Output – Measures the rate of inflation experienced by manufacturers when selling goods and services.
UK Claimant Count Rate – Measures the number of people claiming unemployment benefits. The claimant count figures tend to be lower than the unemployment data since not all unemployed are eligible for benefits.
UK Jobless Claims Change – Measures the change in the number of people claiming benefits over the previous month.
UK Average Earnings Including Bonus/ Excluding bonus – Measures the average wage including/excluding bonuses paid to employees. This is measured QoQ from the previous year.
UK Manual Unit Wage Costs – Measures the change in total labor cost expended in the production of one unit of output.
Unemployment Rate – Measures the total workforce that is unemployed and actively seeking employment, measured as the percentage of the labor force.
University of Michigan's Consumer Sentiment Index – Polls 500 US households each month. The report is issued in a preliminary version mid – month and a final version at the end of the month. Questions revolve around individuals attitudes about the US economy. Consumer sentiment is viewed as a proxy for the strength of consumer spending.
Unrealized Gain/Loss - The theoretical gain or loss on Open Positions valued at current market rates, as determined by the broker in its sole discretion. Unrealized Gains' Losses become Profits/Losses when position is closed.
Uptick - a new price quote at a price higher than the preceding quote.
Uptick Rule - In the U.S., a regulation whereby a security may not be sold short unless the last trade prior to the short sale was at a price lower than the price at which the short sale is executed.
US Prime Rate - The interest rate at which US banks will lend to their prime corporate customers.
V
Value Date - The date on which counterparts to a financial transaction agree to settle their respective obligations, i.e., exchanging payments. For spot currency transactions, the value date is normally two business days forward. Also known as maturity date.
Variation Margin - Funds a broker must request from the client to have the required margin deposited. The term usually refers to additional funds that must be deposited as a result of unfavorable price movements.
The VIX or Volatility Index – Shows the market's expectation of 30 – day volatility. It is constructed using the implied volatilities of a wide range of S&P 500 index options. The VIX is a widely used measure of market risk and is often referred to as the "investor fear gauge".
Volatility (Vol) - A statistical measure of a market's price movements over time.
W
Wedge Chart Pattern – Chart formation that shows a narrowing price range over time, where price highs in an ascending wedge are incrementally less, or in a descending wedge, price declines are incrementally smaller. Ascending wedges typically conclude with a downside breakout, and descending wedges typically terminate with upside breakouts.
Whipsaw - slang for a condition of a highly volatile market where a sharp price movement is quickly followed by a sharp reversal.
Wholesale Prices – Measures the changes in prices paid by retailers for finished goods. Inflationary pressures typically show up here earlier than the headline retail.
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Wednesday, August 18, 2010
Complexity of compliance is inhibiting almost half of UK businesses from implementing e-invoicing
Sterling Commerce, an AT&T Inc (NYSE:T) company, today unveiled research revealing that UK businesses are struggling to fully exploit the benefits of electronic invoicing and are held back by a fear of complexity in addressing regulatory compliance requirements and legislation.
At a time when achieving cost efficiencies and effective resource utilisation is crucial to maintaining competitive differentiation, the move from paper-based to electronic invoicing (e-invoicing) comes as a key opportunity for businesses today. In spite of this, the research found that 46 per cent of UK companies, in contrast to 40 percent of European companies, are yet to make a decision to implement an automated e-invoicing solution.
The survey, conducted by independent research company Vanson Bourne across 400 IT managers in the UK, France, Germany and Italy, found that the most pressing e-invoicing concern for businesses across Europe is compliance with national e-invoicing legislation. In addition, with 72 per cent of European compared to 77 per cent of UK companies currently conducting business in more than six countries around the world, more than half admitted they were concerned about supporting disparate e-invoicing solutions across multiple geographies. A quarter of responses also negatively highlighted the complexities associated with implementing multiple solutions to handle VAT compliance and audit requirements across the countries in which they operate.
“The results are staggering that more than half of businesses in the UK and across Europe are struggling to effectively conduct business across global barriers” said Chris Hayes, Senior Product Marketing Manager at Sterling Commerce. “The benefits of moving from paper-based to e-invoicing are widely known and accepted, yet the reality for many European businesses is that even for e-invoicing projects which do receive budget approval, a dependence on multiple solutions to handle compliance with multiple VAT and tax regulations across different territories, is ultimately undermining project success.”
The research also discovered that 69 per cent of respondents in the UK believed that their finance department could not quantify the amount of VAT at risk if the company was found to be non-compliant, which compared well to 80 per cent of respondents across Europe
“One of the problems with any paper-based process is that it is often hard to track the costs and inefficiencies involved – the inefficient nature of the manual process itself prevents easy quantification of the potential savings”, continued Hayes. “If just from a commercial and competitive perspective, companies must move away from these highly inefficient processes. The costs and issues associated with paper-based invoicing, coupled with the associated lack of visibility into a company’s cash management do impact the bottom line, a risk that should be avoided particularly at a time when cost saving and effective resource utilisation are so important.”
Sterling Commerce recently launched the first solution to market that enables multi-national organisations to automate electronic invoicing processes worldwide, while maintaining conformity with the tax regulations mandated by each of the particular regions. Sterling e-Invoice Gateway eliminates the need to support separate solutions for each geography; reduces risk and exposure by enabling compliance with ever-changing electronic invoicing tax regulations; and improves operational efficiencies and contains costs by automating both buyer and seller electronic invoice processes in accordance with country-specific tax regulations.
Sterling Commerce is exhibiting Sterling e-Invoice Gateway and its broad portfolio of Financial Services solutions at stand C617, hall C at Sibos 2008, from Sept. 15-19, in Vienna. To find out more about Sterling Commerce activities, visit
At a time when achieving cost efficiencies and effective resource utilisation is crucial to maintaining competitive differentiation, the move from paper-based to electronic invoicing (e-invoicing) comes as a key opportunity for businesses today. In spite of this, the research found that 46 per cent of UK companies, in contrast to 40 percent of European companies, are yet to make a decision to implement an automated e-invoicing solution.
The survey, conducted by independent research company Vanson Bourne across 400 IT managers in the UK, France, Germany and Italy, found that the most pressing e-invoicing concern for businesses across Europe is compliance with national e-invoicing legislation. In addition, with 72 per cent of European compared to 77 per cent of UK companies currently conducting business in more than six countries around the world, more than half admitted they were concerned about supporting disparate e-invoicing solutions across multiple geographies. A quarter of responses also negatively highlighted the complexities associated with implementing multiple solutions to handle VAT compliance and audit requirements across the countries in which they operate.
“The results are staggering that more than half of businesses in the UK and across Europe are struggling to effectively conduct business across global barriers” said Chris Hayes, Senior Product Marketing Manager at Sterling Commerce. “The benefits of moving from paper-based to e-invoicing are widely known and accepted, yet the reality for many European businesses is that even for e-invoicing projects which do receive budget approval, a dependence on multiple solutions to handle compliance with multiple VAT and tax regulations across different territories, is ultimately undermining project success.”
The research also discovered that 69 per cent of respondents in the UK believed that their finance department could not quantify the amount of VAT at risk if the company was found to be non-compliant, which compared well to 80 per cent of respondents across Europe
“One of the problems with any paper-based process is that it is often hard to track the costs and inefficiencies involved – the inefficient nature of the manual process itself prevents easy quantification of the potential savings”, continued Hayes. “If just from a commercial and competitive perspective, companies must move away from these highly inefficient processes. The costs and issues associated with paper-based invoicing, coupled with the associated lack of visibility into a company’s cash management do impact the bottom line, a risk that should be avoided particularly at a time when cost saving and effective resource utilisation are so important.”
Sterling Commerce recently launched the first solution to market that enables multi-national organisations to automate electronic invoicing processes worldwide, while maintaining conformity with the tax regulations mandated by each of the particular regions. Sterling e-Invoice Gateway eliminates the need to support separate solutions for each geography; reduces risk and exposure by enabling compliance with ever-changing electronic invoicing tax regulations; and improves operational efficiencies and contains costs by automating both buyer and seller electronic invoice processes in accordance with country-specific tax regulations.
Sterling Commerce is exhibiting Sterling e-Invoice Gateway and its broad portfolio of Financial Services solutions at stand C617, hall C at Sibos 2008, from Sept. 15-19, in Vienna. To find out more about Sterling Commerce activities, visit
Vhayu to launch feed handler for Alpha alternative trading system
Alpha feed handler enables Velocity customers to connect with Canada’s new equities trading platform
Vhayu, the leading provider of enterprise tick data solutions, today announced the availability of a data feed handler allowing Vhayu Velocity™ customers to receive direct exchange feeds from Alpha Trading Systems Limited Partnership (Alpha Systems). Alpha Systems is responsible for the distribution of market data on behalf of Alpha ATS L.P. (Alpha ATS), an alternative trading system (ATS) being established by a consortium of Canada’s leading investment dealers.
Vhayu’s Alpha feed handler interoperates with other feed handlers in Vhayu Velocity, normalizes data from the exchanges, and gives trading organizations a faster and broader look at the market to uncover new opportunities. The Vhayu Velocity Orderbook Analyzer can now consolidate the market data from many liquidity providers to give users a complete, consolidated view of the markets.
“The Alpha Group, including Alpha System and Alpha ATS, was established to provide organizations trading Canadian equities with efficient, low latency trading services and market data,” said Jos Schmitt, President of Alpha Systems.
The Vhayu Alpha feed handler will deliver access to the tick data required for deeper visibility into the Canadian stock market and liquidity discovery. It will also support the creation of a blended order book with a single view of multiple sources of liquidity / venues for the same instrument. Vhayu Velocity customers will have the ability to capture and analyze real-time data from Alpha, and use it in conjunction with stored historical data to make better informed trading decisions.
“Vhayu’s Alpha feed handler will let our Velocity customers in Canada take immediate advantage of the opportunities presented by a newly competitive stock-trading market,” stated Jeff Hudson, CEO at Vhayu. “The new Vhayu feed handler for the Alpha Systems demonstrates once again our commitment to adding data sources into Velocity to help our customers better manage all real-time and historical tick data within a single platform. It will provide them with enhanced liquidity discovery capabilities and access to trading opportunities in both new and existing markets.”
Migros Bank selects Stematch from Sterci for Reconciliation
Sterci, the leading international software provider of STP solutions, today announced that Migros Bank has selected Stematch to reduce operational risks. Payment and Securities businesses are exposed to operational risks because of the potential problems in the execution & delivery process management. Migros Bank will use Stematch for Cash, Securities, Forex and Money Market reconciliation. Stematch will be linked to the new IT platform of Migros Bank based on Finnova.
Easy to implement and user-friendly, Stematch offers real time reconciliation for all business lines and market instruments including, cash, general ledger, nostro accounts, securities transactions, custodians holdings, funds, foreign exchange, money market, precious metals. Its flexibility and generic capabilities provide a high automatic matching rate for any internal or
external data source. Benno Erne, Enterprise Architect for Finnova Solution migration adds: “We have selected Stematch because the product is already integrated with Finnova and we can further extend the scope of reconciliation with the Sterci
product.” Werner Klaus, sales account manager for Sterci, said: “We are proud to have Migros Bank as customer of our reconciliation product. Our partnership with Finnova and our continuous investment in the software are key advantages
for Migros Bank. With this new deal, Sterci affirms its leadership in reconciliation and exception management systems
GL TRADE promotes a new Global Head for its Trading Solutions Business Line
GL TRADE, global provider of multi-market and multi-asset solutions for international financial institutions, is pleased to announce that Charles-Henry Choël was promoted Global Head of the Trading Solutions Business Line, based in London.
Charles-Henry Choël, 38, joined GL TRADE in 2002. From 2002 to 2006, he managed the group’s acquisitions. In this capacity he embraced all the Group’s activities and acquired a solid expertise of our offering and clients’ needs. From 2006 until now, Charles-Henry Choël was the Deputy CEO of the Asian region and Managing Director of the Japan office. He managed with success the deployment of all the group solutions including the trading products to the local market.
His earlier career included a sales position, business development and management positions in the asset Management sector. He graduated with both American (New York University) and French (HEC business school, finance/economics) degrees.
The Trading Solutions Business Line is GL TRADE’s core business and accounts for over 50% of the group’s annual turnover. It covers trading and order management solutions including algorithmic trading and smart order routing technology. Charles-Henry Choël’s mission consists in consolidating GL TRADE’s successes on this business line as well as in bringing to full maturity the product strategy and the support quality of the business line. His experience of the market and development matters and his knowledge of the Group’s product strategy will help him to meet his new challenges.
Charles-Henry Choël, 38, joined GL TRADE in 2002. From 2002 to 2006, he managed the group’s acquisitions. In this capacity he embraced all the Group’s activities and acquired a solid expertise of our offering and clients’ needs. From 2006 until now, Charles-Henry Choël was the Deputy CEO of the Asian region and Managing Director of the Japan office. He managed with success the deployment of all the group solutions including the trading products to the local market.
His earlier career included a sales position, business development and management positions in the asset Management sector. He graduated with both American (New York University) and French (HEC business school, finance/economics) degrees.
The Trading Solutions Business Line is GL TRADE’s core business and accounts for over 50% of the group’s annual turnover. It covers trading and order management solutions including algorithmic trading and smart order routing technology. Charles-Henry Choël’s mission consists in consolidating GL TRADE’s successes on this business line as well as in bringing to full maturity the product strategy and the support quality of the business line. His experience of the market and development matters and his knowledge of the Group’s product strategy will help him to meet his new challenges.
DailyFX Forex Trading Signals - One Month Free
DailyFX.com (www.dailyfx.com) announced today that they have released a new version of their Forex Trading Signals. Exclusively available to FXCM live clients through the DailyFX+ Web site, currency trading signals on DailyFX+ have been expanded to its newest offering - interactive trading alerts that update automatically in real time, 24 hours a day, on a dynamic basis. FXCM Trading Signals track six strategies on fourteen currency pairs. A big improvement from FXCM’s old Trading Signals the strategies consist of two range, two breakout and two momentum strategies. Normally available exclusively to FXCM live clients, the Daily FX’s NEW Trading Signals will be FREE for everyone to try until the end of September 2008. An instructional video is available to watch online by visiting: http://forex.acrobat.com/p76071208/
Saturday, July 31, 2010
ava fx online trading center
Advanced Strategies for Forex
This 2 hour CD course takes you step-by step through various
concepts that offer high probability entries, exits and the necessary stops to give you maximum profitability and capital preservation.
This course explains:
The “Use of Volatility” studies to help you select the best performing currency pair.
Linear Regression set-ups with internal S&R and Trend lines to ensure clear entry, exit and stops. This section also introduces the use of Fibonacci percentages as goal selection criteria.
ADR set-ups detailing the set-up the entry, the initial stops, profit taking and the use of trailing stops. ADR offers a logical framework in which to open high probability trades.
Pattern recognition trading for both short term (intraday) and medium term currency positions.
And, a full section on “Working the Hard Right Edge” where you have to make decisions, based on what you have learned.
Technical Analysis for the Professional Trader
In this course you will learn to use charts and technical indicators in a clear, simple and concise manner to improve your trade entries and exits. Mike Mc Mahon will take you through the steps to creating high probability trades, using Charts, Trend lines, Support & Resistance and combining them so you have a clear picture of price, time, volume and the market expectations.
When you are done with this course, you will know how to:
Read charts the way professional traders do.
Determine support and resistance and how it will affect your trading.
Use trend lines to predict better trade exit points.
Increase the probability of creating profitable trades, each and every time you hit the order button.
Saturday, July 10, 2010
FOREX TRADERS ASSOCIATION
Where has he been?
After teaching thousands throughout the U.S. and Canada about Forex trading as a Senior National Trainer for 4X Made Easy, Dean Malone spent the next year trading and refining his trading techniques.
During that time, Dean met a group of professional traders and licensed brokers who wanted to make a difference in the Forex market… from a trader's point of view!
Over the past two years, they have diligently worked to build a reputable brokerage firm, a signal alert service, and a Forex managed account, second to none.
Where is he now?
Often, traders either think they have to use several indicators stacked on top of each other or highly complex trading techniques to make sense of the market. That is simply untrue!
Drawing on his 11 years of trading experience , Dean found that when he kept his trading uncomplicated, he traded better because there is less demand on him at the critical moments of entering and exiting the market. He let the price action of the market tell him how he should trade. With that in mind, he is able to evaluate the market and make his trading decisions free of stress and anxiety.
With a “take it easy” approach to trading, Dean has developed simple, yet effective methods and tools for trading that can be applied to most any trading platform.
What will he share?
There are few meetings that have us as excited as Dean's upcoming presentation!
Dean will show us:
** How he sets up his charts
** How to interpret market conditions based on price action
** How to identify entry and exit conditions
** An “all-in-one” custom hybrid indicator, which
--Monitors current market trend, strength, and volatility
--Trades with or without viewing price
--Can be used to forecast market turns
Forex Money Signal
Aggressive - Traders and/or price action are acting with conviction
Analyst - A financial professional who has expertise in evaluating investments and puts together buy, sell and hold recommendations
Asian Session - 5:00 PM EST - 2:00 AM EST
Asian Central Banks - Refers to the central banks or monetary authorities of Asian countries. These institutions have been increasingly active in major currencies as they manage growing pools of foreign currency reserves arising from trade surpluses. Their market interest can be substantial and influence currency direction in the short-term.
- Also, "Oz" or "Ozzie", refers to the AUD/USD pair
Forex Dealers
Forex Dealers Pictures Gallery
Below are some of the best pictures of Forex Dealers that we have collected over the years. If you have any interesting Forex Dealers pictures and you would like to have them displayed on forexdealer.net please contact us. We will give you full credit and even link to your website as a courtesy of course.
GFT
Forex Trading — 24-Hour Access to the World
Understanding forex trading hours is very important when you choose to trade currencies. Since you can trade 24 hours a day, 5.5 days a week, you not only receive greater freedom but also more time to trade the forex market.
As you can imagine, having more hours of forex trading also provides more trading volume, since essentially people can trade when the market is open. This around-the-clock participation, offers trading flexibility not afforded to traders in other markets, such as equities or futures.
As a true 24-hour, 5.5 day-a-week market, trading begins in Australia and flows through the open and close of the major financial trading centers in Asia, Europe, the United States, and then back again to Australia.
The daily foreign currency trading volume is determined by which forex market hours are open. For example, when global financial market open times overlap, such as when the U.S. and British market are open simultaneously, there is greater trading volume.
Open Market Time and Volume (*Eastern Standard Time North America UTC — 5 hours)
Forex Liquidity by Trading Hour
Saturday, June 26, 2010
Thursday, May 13, 2010
Learn Forex Trading and Avoid Beginner Mistakes
If you think about going into the currency trading business then you need to know this: 95% of all people who tries currency trading end up losing money. In this article we will point out the 7 most common mistakes beginners make and what you can do to avoid them.
Common Mistake #1 Trading Currency’s Instead of Trading Currency Pairs
A common mistake among people who try forex for the first time is currency versus currency pair.In forex you trade currency pairs. You need to find out how these two currency’s impact on each other. If you just look at one currency things will go very bad. You need to know the both sides of the coin when you trade.|
Solution: Research as much as you can about the two currencies and not just one.|
Common Mistake #2 Not Keeping Focus
Another mistake among beginners is not being focused. Don’t do the mistake of “thinking” that you going to make alot of money and then spend it before the profit has become reality.
Solution: Focus on what you are doing right now. Then set reasonable stop losses when you do the trade. Now there is nothing more you can do. The market will do what it wants. Just enjoy.
Common Mistake #3 Doesnt Have a Strategy
Many newcomers doesn’t have a strategy. They just think: Ok my strategy is to make some money on forex.
Chicago Online live forex trading session
Hi Fellow Forex Traders,
You will begin by joining our private live forex trading session. You will have an opportunity to trade along side our elite team of experienced traders who use the FX Money Map grid system from the convenience of your home or PC. Our lead trader Andy Shearman, with 25 years experience will run the room as you watch his screen and listen to his analysis of live market conditions on your PC. Exchange information with the rest of our team through a Chatroom during the session. You will listen, watch and learn strategies for entries, and exits, as well as up to the second news releases from our team of pro traders
You will begin by joining our private live forex trading session. You will have an opportunity to trade along side our elite team of experienced traders who use the FX Money Map grid system from the convenience of your home or PC. Our lead trader Andy Shearman, with 25 years experience will run the room as you watch his screen and listen to his analysis of live market conditions on your PC. Exchange information with the rest of our team through a Chatroom during the session. You will listen, watch and learn strategies for entries, and exits, as well as up to the second news releases from our team of pro traders
Thursday, April 1, 2010
Forex Dealers
Welcome to the Forex Dealers informational resource
Forex dealers help assist individuals in buying and/or selling currency. The Forex market is worldwide and available 24 hours a day. It is similar to a currency exchange except one can make a lot of money if they buy or sell the right currency at the right time. To get started trading, all you need is some cash (at least $200.00) and access to a computer with the internet. If you just want to experience what Forex trading is all about before investing your money, you are allowed to do that also. You can try out the market by setting up a practice account which does not include real money.
Forex dealers only dealt with banks and large financial institutions in the past. The Forex market is now open to financial mangers and Forex traders. Although the Forex market is open 24 hours a day, the top Forex dealers operate at the time zones that correspond with Sydney, Tokyo, London and New York. People who are considering trading should do so when the top dealers are available in the above time zones. Whether you choose to trade during peek times or not, Forex is available for trading day or night, unlike the stock market.
Forex dealers need to be aware of some key elements before deciding on what to trade or sell. They may use fundamental or technical analysis to help make wise choices. Fundamental analysis is the process of studying economic news about how a country is doing financially and shows their strengths and weaknesses. The different reports should have information about employment status, the countries Gross Domestic Product, world wide trading, sales, manufacturing and interest rates. According to how stable, how much growth or declination a country is experiencing will have a direct affect on their currency, which is pertinent for trades.
Unpredictable events such as natural disasters, war or terrorism has a great impact on the market because it causes instability. Central banks are important too because they are the one’s who set the base interest rates. The best Forex dealers are aware and keep track of countries financial health to help them make better investments.
Technical analysis such as charts is also helpful to dealers. Some of the most popular charts are the moving average, moving average envelope, MACD, Volume, on balance volume, accumulation/distribution, chaikin money flow, Bollinger bands, relative strength index and stochasties. These charts collectively show trends, price changes, how much money is coming and going, etc. Forex dealers find this helpful cause it puts the information on easy to read at a glance charts.
Once you have a Forex dealer you can begin trading. A transaction is completed when you buy and sell a currency simultaneously. Usually the logic behind trading currency is to buy at low prices and sell at higher prices, which is called long position. The best Forex dealers pay close attention to the market and global financial information to help predict when to sell currency because the value will drop and then buy it back at a lower cost later. This is called the short position.
There can be risk behind trading on the Forex market. Traders are given 2 options. One is the conservative approach and the other is the risk taking approach. Conservative trading consist of less trades spread out over a larger time span, strict risk taking strategies ( such as stop orders which will stop or open an account when its price reach the designated level) and average profits. The risk taking approach is the opposite. They trade more over a longer time span, take risk (allow money to remain open and invest till the end) and work toward top profits.
The best Forex dealers understand supply and demand effects the market and make investments based off predicting future changes in currency exchange rates. The laws of supply and demand are: when supply is plentiful the price of that item should be low and when a product is limited in amount it causes the price to go up high. The National currency rates are directly associated with supply and demand. Also, as central banks adjust their interest rates, the Forex market may experience an incline or decline. Forex dealers work hard at predicting the central banks actions to increase the chance of incline.
One of the best Forex dealers online is CMS Forex (www.cmsfx.com) they have abundance of information to get anyone who wants to trade or just learn about trading started. If you are new to Forex they offer an online tutorial giving an option of detailed and/or overview information about trading. If you want to practice trading, there is software available to help aid in your decision. Finally if you are ready to trade and have at least $200.00 you can set up an account with a Forex dealer and start immediately.
Provided you decide to start trading it would be a great idea to invest in some software to help you keep up with your investments. The CMS Forex website recommends the VT Trader 2.0 Some of it’s key features are chart based trading, customizable interface, 100+ technical indicators, custom indicators, risk management tools, pattern recognition technology, customer alerts, Forex autopilot, stability and Dow Jones News. They also suggest the VT Trader Mobile device which can be taken wherever you go so you can trade anywhere.
If you still need help deciding on buying the software or just want a better understanding of how to use it the CMS Forex website has many resources to help you. The Vt Trader 2.0 Quick Video Guide gives a general explanation of what VT Trader is all about. The VT Trader Webinars is a course offered online to help get you acquainted with the features VT Trader 2.0 has to offer. The Chart pattern recognition tutorial is a tutorial showing how to interpret and analyze chart patterns. The VT Trader 2.0 manual is similar to most other. It has basic info about features, functions, trouble shooting, etc. There is a VT forum available to post, read or respond to discussions about the VT Trader 2.0. Finally, 24 hour customer service help is available to you via telephone, e-mail or live chat.
If you choose not to use CMS Forex dealers, here are a few tips to help you find the best Forex dealers available. First, ask around to family and friends about recommendations for dealers. Go to state and national associations and get a list of Forex dealers. Next, check out online forums and message boards and then research your results to ensure accuracy. Finally, make sure you have information about their ethics and experience investing.
Pannellatura e sostegni
Pannellatura e sostegni
Foto Ranzini può contare su un reparto di pannellatura e plastificazione di circa 300 metri quadrati attrezzata con tutte le più moderne e performanti attrezzature.
Disponiamo di 3 calandre con luce fino a 205 cm. , una taglierina verticale da 3 metri per il taglio di supporti rigidi o semi-rigidi, una taglierina da 3 metri per il taglio delle lastre di alluminio, una taglierina automatica per il refilo preciso di stampe fotografiche Lambda realizzate in bobina, in grado di squadrare centinaia di copie fotografiche ogni ora e, soprattutto, disponiamo si una grandissima esperienza e professionalità a garanzia di un prodotto sempre perfetto.
I supporti da noi proposti rappresentano sempre il meglio all' interno di quella categoria, e la stessa cosa avviene con i film di plastificazione o con i biadesivi che vengono acquistati solo ed esclusivamente da fornitori di fama intenazionale e di provata affidabilità, per ridurre al minimo i rischi di possibili problemi per i nostri clienti.
Tutto questo viene offerto a prezzi che riteniamo essere estremamente competitivi.
•Forex
Lastra ignifuga in Pvc bianco (anche colorato su richiesta) disponibile con spessore da 1 a 10 mm, con misura massima pari a 200x400 cm (solo alcuni spessori e colori).
Particolarmente apprezzato dagli operatori per la realizzazione di pannelli da esporre in fiere o manifestazioni di ogni genere. Può essere esposto alle intemperie senaza alcun problema (purchè l'eventuale stampa applicata sia indicata per applicazione in esterno)
•Bilaminato Espanso
Lastra da 10 mm. di spessore (15 mm. su richiesta) in formato 200x300 cm., è composta da un' anima di polistirolo ad alta densità rivestito da due lamine di cartoncino resinanto. E' estremamente leggero e rigido, tanto da risultare autoportante e quindi può essere sostenuto con strutture di vario genere, con un piede sul retro, un supporto alla base o altro.
•Alluminio
Lastra da 1 mm. di spessore e con dimensione massima pari a 150x300 cm.. Garantisce una qualità di montaggio elevatissima e può essere esposto sia all'interno che all'esterno.
•Plexiglass
Disponibile sia trasparente che opale, è disponibile in vari spessori.
Utilizzato normalmente per la realizzazione di stampe da retroilluminare, può essere comunque impiegato in mille modi diversi.
•Policarbonato alveolare
Lastra cannettata trasparente, disponibile in vari spessori (solitamente da 10 / 16 / 20 mm.) in dimensione massima fino a 200x600 cm. e caratterizzata da una notevole rigidità e resistenza unite ad una discreta leggerezza.
Il montaggio risulta particolare in quando è visibile un effetto tapparella dovuto alla cannettatura del materiale.
•Di-Bond
Lastra da circa 3 mm di spessore composta da due lamine di alluminio da 3/10 con all'interno uno strato di materiale sintetico.
Eccellente qualità di montaggio e buona rigidità per un supporto dedicato ad applicazioni di livello superiore quali mostre, musei, eventi speciali, vetrine, ecc.
Massima dimensione: 150x300
•Teknilight
Lastra da 2 cm. di spessore disponibile fino a 200x300 cm.
E' composto da un' anima di polistirolo rivestito da due lamine di legno laminato che conferiscono all' insieme una notevolissima rigidità unita ad una discreta leggerezza.
•Plastificazione
Le nostre stampe possono essere protette con films lucidi o opachi di altissima qualità.
Sono disponibili film per utilizzo interno e film adatti all' utilizzo in esterno, quali i film anti U.V., i film antigraffiti, ecc.
E' inoltre possibile realizzare stampe calpestabili utilizzando film antiscivolo particolarmente resistenti all'abrasione.
•Adesivizzazione
Le nostre stampe vengono adesivizzate con film di alta qualità che garantiscono una elevata planarità e durata nel tempo.
E' disponibile un particolare tipo di biadesivo removibile / riposizionabile adatto alla posa manuale (senza acqua) e per la realizzazione di vetrofanie fotografiche.
Saturday, March 27, 2010
Forex Online Trading System Overview
Photo Credits: Ian Muttoo Distribution license for the photo
What with the financial meltdown and the vagaries of the financial market, it is no surprise that the generation of today is trying to make as much money as it can, to save for the not-so-good days. The global financial scenario is throwing even established firms to the ground, so we know what the state of the common man is. One of the ways that is gaining popularity of late as one easy way of making money from the comfort of our homes, is forex trading. Since this depends on the world wide financial market and the individual economy of the nations, where their currencies undergo inflation or deflation, this is beginning to gather mass now. Forex trading is nothing but taking advantage of the differences in the currencies of different foreign money and making maximum advantage in the bargain. If you own a computer with an internet connection you can open a live forex account and participate in forex trading. Forex trading is a business of selling and buying foreign currency and making profit out of it.
However, many people don’t realize the risk involved in the forex trading. It is an astonishing fact that more than seventy percent of them lose large money which is more than they can afford to. The only way to face such a consequence is to undergo some forex courses before jumping into the pond. These courses can guide you on what to and what not to invest. You can easily learn on how to make good money from forex trading. They can also teach you about how actually forex operates and those loops involved in the trading strategies. It is a known fact that the trading window is open almost all the time and online trading can be done which paves way for you to earn from home. Forex trading is the all time craze among the people and the intensity of the market can be felt all the time. It is necessary to shine among those who trade and that could be possible through forex courses. They make experts out of individuals in forex trading and thereby leading to a direct increase in the inflow of money!
Another interesting ploy to lose less of one’s money in the forex trade during the initial stages is to take up forex trading as a personal desire and not as financial dependability. Basically the requirement would be to look at forex trading initially as just a source of additional income and when you become more well versed on the plot, you can make a high jump start into the forex trading market full time. The markets nowadays are ever stable and it requires deep analysis and pure expertise to decide on the investing factors in the current trading. Recent meltdown has made the investors cautious enough to hold their hands on the dangers spots of the market. It is always advisable to learn advice from experienced person, particularly at these situations when you are a novice.
Foreign exchange or Forex as it is commonly called is the art of dealing with currencies of different countries. The Forex market is the most liquid market in the world and it is supposed to be three times bigger than the New York Stock Exchange.
Trading in Forex can be one of the most simple yet most intelligent activities that a trader can do. One has to be really cautious while trading in Forex. Though the returns are huge, the effort and risk to be taken are equally huge. Forex trading is nothing but taking advantage of currency rate differences. This is the most beneficial aspect of a Forex market. Millions and millions of dollars are traded every day in the Forex market, with currencies like Pound Sterling and Indian Rupees. Lots of traders have been earning profit by diligently trading in the Forex market.
Forex trading is mainly about purchasing a quantity of one currency by paying in another currency. In this way, the trader can get more value for his goods and also make a reasonable profit on his trade. Suppose a trader wants to trade his INR for USD, then before entering into the intricacies of the Forex trade the basic concept to be understood are the base currency and the quote currency. In this scenario, the base currency is INR and the quote currency is USD.
The example explained here is one that is happening over a week. For example, on a Monday I USD equals 45 INR. The trader would want to purchase a few USD. He pays 450 INR and buys 10 USD. He keeps following the Forex market daily to watch if INR has depreciated further. On a Wednesday 1 USD equals 48 INR. This is the case where the INR has depreciated in value and where, for the same one dollar, one has to shell out more INR. This case is profitable to the trader explained in the example, though it is bad for the Indian economy as a whole. Hence on a Wednesday, the trader walks up to the Forex market and sells the 10 USD that he had purchased on a Monday. Though he had spent only 450 INR for purchasing, he now gets 480 INR while selling his 10 USD. This is a very small example of the scenario happening in the Forex market. Hence within two days, a trader can convert his belonging to cash and get a good deal in his transaction. Similarly, there are millions of traders, trading in millions of dollars of currencies of various nations and making a huge profit out of this. Forex is the easiest way of converting one’s trade into cash and hence it is undoubtedly one of the most liquid markets in the world. Liquidity is a term used to refer the process of converting net worth into cash and it symbolizes the Forex Market so perfectly. The Forex Market has lots of businessmen, international banks, huge MNCs etc as its core members.
Forex trading is one such activity that is slowly catching up heat. Forex trade or currency trade is gaining popularity among many today. This is nothing but buying and selling of foreign currency. This trading is done online with just a computer with an internet connection and a current forex account. This trading involves risk as well as the statistics say that every seventy out of hundred people lose their investments badly and money does not come to us free of cost! The bad financial times that the world is currently seeing only adds to fuel to the fire of loss and hence extreme caution has to be exhibited while trading in forex.
It is imperative for the individuals planning to engage in forex trade to go all out to learn what it takes to make their venture a success. It has to be put down in black and white that among the best ways to avoid loss in forex, wise option is to opt for a forex course that could help you learn in and out of the practice. They teach you on how forex is carried on and what the better options are to choose from at critical times. The knowledge added by these courses will definitely help you gather several questions about forex in the quest to learn more. It is mandatory that you know about any business you are planning to take up and forex is one form of business that could be expertise through forex learning courses.
Forex trading community is one huge place one could of in terms of churning some good money. As a whole, the value of transactions per day could end up in jaw dropping astonishment. This could be a positive factor but it must also be understood that the competition is too high on the same grounds. The victor in this field demands a proper structure study of the market. That is offered by valuable online courses. The general paired methodology used in forex trading can be bought or sold in the market. These tactics of buying and selling can be learnt from the courses that are also offered online at your personal computer. There has been a revolution after the online trading system was established. Especially to the forex trading, people could trade from any corner of the world with just a personal computer and a good internet connection. When it has become too easy to earn money, intense care and responsibility is needed to overcome the various traps available hold us.
I’m NOT Going To Do It Any More!
I’ve been trading Stocks, Futures & Forex for over 15 years! Fibonacci Projections and Retracements, Elliott Wave and Dow Theory, MACD, Stochastics, Trend Lines, and Moving Averages; I’m just plain sick and tired of doing it!But Now, I Don’t Have To!I Discovered The Wheel of Fortune! Gecko Software just recently released their new (Set It & Forget It!) Autopilot Plug-in to Track ‘n Trade LIVE, Futures & Forex.I popped open my new software package, installed the CD, and in less than three weeks made almost $12,000.00 on “AUTOPILOT!” (See my actual statement below!) At that point, I asked myself, “Why in the hell am I sitting at my PC trying to trade Fibonacci and Elliott Wave, when Track ‘n Trade will make the trades for me, while I’m sleeping, or at the movies?”
Sunday, March 21, 2010
Why People Learn Forex Trading
Why People Learn Forex Trading?
"I realized several years back the FOREX is the best opportunity available to every day people like me to build a sound financial future. See you in the trade rooms."
"2006 is the year of financial freedom for me - "I can feel it in my bones." I know it's coming and I know that forex trading is the key. Once I learn to master this skill my life never be the same - none of our lives will."
"I'm 18 years old, and im interested in doing
currency trading. I have no previous experience in FX training, trading, or any other type related to this, but i hope to catch on quickly. I've wanted to invest in real estate since I was 14, and have studied it on and off since then, but I think this is a
greater financial and career establishing opportunity, and im trying to learn as much as I can."
"I have no experience in the financial world I don't even balance the check book! BUT I do know that I can do this and so can you!! So far I have been successful...I promise its not hard."
"I come into this enterprise with miniscule experience as a trader and just enough knowledge about fx to lose my shirt in 5 minutes or less. I’m here to learn a workable system for foreign exchange trading. I like the concept of being able
to make money from anywhere I can take my laptop."
"I am new to forex trading. My expectation in this course is to build a base of understanding and knowledge of the forex exchange. My goal is to learn how to trade effectively to retire from my 9-5 within the next three years if not sooner. My challenge is to leave emotions out and follow the fundamental rules to become a successful trader."
"I have been with FXT since February 2005 and have enjoyed the program very much. My wife and I have been busy learning how to be successful traders over the last few months. Our goals are to become financially successful so we can provide more for our church and spread the Lord's word acorss the world. May God bless us all abundantly through this wonderful program."
"I am new to Forex Trading. I've played the HYIP game and I look forward to learning a skill that will provide me the opportunity to be successful based on how I apply what I have learned. Success is a choice and I plan on being successful."
"I am a retired airline pilot who has done a little commodity trading in the past, however, have always been very intrigued by the FX market. Now that I have completed the beginner's and advanced training from FXT, I am doing a review with the new Interactive Training Modules. I'm pleased to report that I am already having success in live trading, and am VERY excited about the FX market and the FXT products and business!
What a fantastic opportunity!"
"I am looking forward to learning and trading the forex market. Some years ago, I traded options with some success, but discovered the forex market could be more rewarding. So looking forward to learning."
"I joined one month ago and have been in corporate chat rooms. I am up over 130 pips and really just learning! I spent over $7000 on other systems and training and couldn't make money.
FXT is FANTASTIC!"
"I found out about forex while looking for a new career. I have bookkeeping experience but thats about it! I love the concept of this type of trading and look forward to learning the skills and "enjoying the game".
"I'm very excited to learn about Forex. I want to build my skills so that I can generate enough from Forex to raise my kids and sustain a nice life style as well as have time to help others."
"I started with FXT about 3 weeks ago and I am excited to have an opportunity to learn how to be a FX Trader the right way. At 58 I feel like I am going to college for the first time, but my mentor has made me feel quite comfortable here. I feel I have finally found a home with FXT and working in the FX currency market."
"I am looking forward to opportunity and education that is offered by FxT. The interaction that the business provides through this learning center and the potential for positively changing your life is exciting."
7 Income Tax Tips - Increase Your Tax Refund
7 Income Tax Tips - Increase Your Tax Refund
It's that time of year again when the taxman wants to know how much you have earned and how much tax you owe him. Don't forget that your individual tax return has to be returned to the Internal Revenue Service (IRS) by April 15 this year, unless you have applied for, and received an extension.
We all want to pay less tax, but instead of looking for loopholes and gray areas, rather focus on managing your tax affairs as efficiently as possible. The following business and personal tips should make the current tax year a little easier on your pocket when completing your return:
1. Travel Expenses
It is good practice to keep a mileage logbook of distance travelled, in order to accurately determine you travel deduction. If you have two jobs, you can deduct the cost of traveling from the first to the second, but if you have a single job, you cannot deduct commuting costs because it is considered a personal expense, not a business expense. Travel for business, including costs to go to seminars and conferences are 100% deductible. Deductible travel costs include hotels, airfare, taxis, car rentals, parking fess, tolls and tips.
2. Medical Expenses
Keep records (including invoices and statements) of medical expenses which are not covered by your medical aid, in order to get a deduction for those expenses on assessment. Depending on your income, certain medical expenses including health insurance and dental insurance premiums may be deductible. This deduction is limited to costs over 7.5% of your income. Pursue turning your non-deductible personal medical expenses into a legitimate business expense.
3. Entertainment Expenses
Be careful of entertainment allowances. Since March 1, 2002, no deductions can be claimed against entertainment allowances for personal reasons. Make sure your employer is aware of this and that the allowances are taxed in full, otherwise you might end up with a tax liability on assessment. You may however deduct "ordinary and necessary" business meal and entertainment expenses up to 50%. Eco-foundations, Display Stands, Office Storage, Office Fit Out, Micro Tunneling, Pinnacleretec, Displays Frames, , Risk Consulting , First Debt Consolidation, Phaser Ink, Country Estates, Home Safes, Parcel Couriers Next Day, PPI Claims, Bulk and batch scanning services, debt online.
4. Tax Records
Why not make your life easier and ensure that you don't miss any deductions by organizing your record keeping system early and keeping it updated. Not only does having organized records make it easier and less frustrating for you to file your tax return, it also enables you to explain an item on your return that the IRS might question, and could prevent you from having to pay additional taxes and penalties for unsubstantiated items. Although legally you need only keep tax records for three years , you should keep a copy of the returns in case you need information from these returns at some point.
5. Electronic Filing
If you want your return processed in approximately half the time of a paper return, you should consider filing the forms electronically. IRS E-file makes you life a lot easier as it picks up problems with your returns instantly and provides immediate feedback and confirmation regarding your return.
6. Avoid Refund Anticipation Loans
While it would be nice to get your money back in your pocket as soon as possible, it is much better to wait for your refund. The downside of these loans is that the annual interest rates on them are very high, usually between 50% and 500%. So between the loan fee, tax preparation fees and other administrative fees imposed on the loan, you end up losing a big portion of your refund.
7. Deadlines
Be aware of deadlines in order to avoid penalties. Tax returns must be submitted before the due date given by the IRS. If your previous years' tax affairs are up-to-date, an extension for submission of the return can be requested. However, extensions are granted less frequently, depending on your particular circumstances.
Conclusion
Tax season makes everyone a little nervous. Rather start early to allow yourself time to prepare and to ensure that you are taking full advantage of every eligible tax break.
Why become Forex Online Affiliate
Why become Forex Online Affiliate?
With our FOREX affiliate program you will become partner with Forex Online Signals.
Forex Online Signals is the leading provider of FOREX signals with the one of a king credit system. This is why our system of providing the signals to our traders is becoming more and more popular. Together with our proven efficiency Forex Online Signals is one of the biggest FOREX signals brands.
Once again we have beaten the affiliate market with the simple and profitable solution for our affiliates. Our revolutionary affiliate system is based on the the signing of a customers into our partner program. It is so easy once a customer signs up and the money is cleared you will receive you share according to the payment schedule. No complicated calculations needed just one simple fee based on the package your customer has signed for.
Our FOREX affiliate program is free and anybody can sign up. Even if you do not have any FOREX experience or you do not know what FOREX is the opportunity is here for you now
Forex Online Trading Systems
Forex Online Trading Systems
The global forex markets involve large sum transactions every minute. Nowadays, with the Internet technology to communicate large amounts of information on foreign currency exchange simultaneously to the most distant parts of the globe, participating in foreign exchange doesn't seem so far-fetched. Forex online trading systems are available to provide an accurate analysis and there are good forecasting tools to minimize losses and optimize winning investments.
Forex online trading systems guarantee a charted assessment of market venues upon its opening and closing times. Since forex trade is basically a speculative business, rates fluctuate immensely, requiring a trusted method determine the next step. It's a tool to help you master the challenge of forex trading.
To know more about foreign exchange terms and rules, to check out where you can get free forex online trading systems or create a free mini account to put your investing skills to practice, simply click on the contents in the menu for an easy and accurate tutorial created by forex specialist brokers for satisfying the curiosity of amateurs and the requirements of more advanced users as well.
Update yourself with constant news, check the charts and quotas, read the forex online trading systems reviews and start investing. prepaid cards - virgin prepaid credit card your best friend when you are off to holidays.
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Forex Trading Benefits
Many traders are plunging into the forex market without having a sufficient background about the market they are getting themselves into. By the time that they have already realized this grave mistake, their money and time are already wasted. This makes the case for the importance of getting an education regarding forex trading.
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