tag:blogger.com,1999:blog-9321185377140559222024-02-20T20:24:37.558-08:00Iraqi Dinar Currency News BlogUnknownnoreply@blogger.comBlogger115125tag:blogger.com,1999:blog-932118537714055922.post-82101521891715263522012-12-19T13:36:00.003-08:002012-12-30T20:34:18.264-08:00Why Don't They Just "Float" The Iraqi Dinar? - A Comment From A Reader...Occasionally our readers send us intersting snippets about their opinions and thoughts on the Iraqi Dinar, various currencies, and other world issues. Occasionally we like to post them for you to read. Here's an interesting one we were sent today...<br />
<br />
<h2 class="maintitle">
<span class="main_topic_title">
Why don't they just float the <a href="http://www.buyiraqidinarhere.com/" target="_blank">Dinar</a>?
</span></h2>
<br />
When probably every Interntional Monetary Entity has stated that there
will be a Global Reset of <a href="http://www.blogger.com/%3Ca%20href=%22http://fe2fexc-lmjb-r5c6z0ewozin2.hop.clickbank.net/%22%20target=%22_top%22%3EClick%20Here!%3C/a%3E" target="_blank">Currencies</a>....now for what...appx. 2-to-3
years...so what would, or could that IMPLY?...Then at the last G-20
Meeting in Las Cabos, Mexico, an article came out, as well as at or
around that same time, whereby the IMF stated basically the same in
essence, that.."The Global Economy would be getting a boost or help from
the Emerging Market Countries"...or in so many words, there have been
many insinuations of this coming...what does any of this
IMPLY?...Allright, let's say it does'nt all mean anything...then why
wont some just start talking, and tell me what else will work...because,
to be able to bash something like the dinar, when you dont know...is
ludicrous...<br />
<br />
Also, I'm not saying what WILL or WONT work...but it sure is strange,
that from looking at this and seeing people bash possibly the only thing
that MAY work...to me, and IMO...depicts to me that there are ulterior
motives...because you dont spend the time to knock something like this
that you cant prove is a loser, while there are too many other things
out there that are losers, that your not talking about, that you could
be mentioning...UNLESS YOUR TRYING TO DRIVE DINAR ONE WAY OR THE
OTHER...EITHER SELL OR BUY BACK...I SEE IT AS NO OTHER REASON TO BE
DOING THIS...JUST REMEMBER FOLKS, THERE ARE SPREADS GOING BOTH WAYS ON
THE <a href="http://www.buyiraqidinarhere.com/" target="_blank">DINAR</a> IF YOU BUY OR SELL, AND THERE ARE MANY OUT THERE, WHO ARE JUST
AS CRAFTY IN GETTING YOU TO DUMP AND SELL, AS THERE WERE THOSE THAT
WERE DOING THIS TO SELL THEM...AND THEY MAKE APPX. THE SAME SPREAD GOING
EITHER WAY...WE CALL EM PUMPERS & DUMPERS...FOR WHAT IT'S WORTH...
<br />
<div style="background-color: white; border: medium none; color: black; overflow: hidden; text-align: left; text-decoration: none;">
<br /></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-932118537714055922.post-81993373340325239442012-12-19T13:15:00.001-08:002012-12-30T20:35:01.291-08:00Saw An Interesting Discussion Online - Interesting Response - Conspiracy Theory Anyone?<h2 class="maintitle">
<span class="main_topic_title">Whats the best place to move after an <a href="http://www.blogger.com/%3Ca%20href=%22http://fe2fexc-lmjb-r5c6z0ewozin2.hop.clickbank.net/%22%20target=%22_top%22%3EClick%20Here!%3C/a%3E" target="_blank">RV</a>?</span></h2>
<div style="background-color: white; border: medium none; color: black; overflow: hidden; text-align: left; text-decoration: none;">
As far as <a href="http://www.blogger.com/%3Ca%20href=%22http://fe2fexc-lmjb-r5c6z0ewozin2.hop.clickbank.net/%22%20target=%22_top%22%3EClick%20Here!%3C/a%3E" target="_blank">financially</a>...?<br />
No place on this earth.<br />
<br />
As long as the fed, central banks, <span class="searchlite">illuminati</span>, bilderburgs, <br />
rothschilds exist on this planet -- seriously - unless you're on of THEM,<br />
there is no place safe from these thieves.<br />
<br />
No place<br />
<div style="background-color: white; border: medium none; color: black; overflow: hidden; text-align: left; text-decoration: none;">
<br /></div>
<div style="background-color: white; border: medium none; color: black; overflow: hidden; text-align: left; text-decoration: none;">
<br /></div>
<div style="background-color: white; border: medium none; color: black; overflow: hidden; text-align: left; text-decoration: none;">
<br /></div>
<div style="background-color: white; border: medium none; color: black; overflow: hidden; text-align: left; text-decoration: none;">
<br /></div>
<div style="background-color: white; border: medium none; color: black; overflow: hidden; text-align: left; text-decoration: none;">
Ineresting . Think this guy is wearing a tinfoil hat?</div>
</div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-932118537714055922.post-18429448550349770822012-12-08T10:46:00.000-08:002012-12-30T20:36:49.388-08:00Is The Iraqi Dinar Gaining Value Against The US Dollar?<!--[if gte mso 9]><xml>
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<span style="font-size: 20.0pt; line-height: 115%;">So you have
probably heard about the <a href="http://wwwbuyiraqidinarhere.com/" target="_blank">Iraqi Dinar Currency</a> but what do you know about it? </span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 20.0pt; line-height: 115%;">I constantly
am reading news headlines about the <a href="http://www.buyiraqidinarhere.com/" target="_blank">Iraqi Dinar </a>soaring once again in value vs
the US Dollar, however how much has it really moved against the dollar? Plus is
doesn’t help the Dinar isn’t even a <a href="http://www.blogger.com/%3Ca%20href=%22http://fe2fexc-lmjb-r5c6z0ewozin2.hop.clickbank.net/%22%20target=%22_top%22%3EClick%20Here!%3C/a%3E" target="_blank">pegged currency</a> on the world market. </span></div>
<div class="MsoNormal">
</div>
<div class="MsoNormal">
<br />
<span style="font-size: 20.0pt; line-height: 115%;">That said
various message boards like Investors Iraq, Iraqi Dinar Rumors, and Investors
Iraq, just to name a few are constantly touting the Iraqi Dinar as a currency
investment that will make you rich. </span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 20.0pt; line-height: 115%;">That said
people have been calling for the “revalue” of the Iraqi Dinar at a 3:1 value
with the Dollar meaning for every million of the New Iraqi Dinar someone picks
up for $800 - $1200 it will be worth 3 million US Dollars. Sounds too good to
be true right?</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 20.0pt; line-height: 115%;">If you’ve
done any research on the topic you may know that the <a href="http://www.buyiraqidinarhere.com/" target="_blank">Iraqi Dinar</a> is a currency
issued by the country of Iraq, I struggling country I may add. The <a href="http://www.buyiraqidinarhere.com/" target="_blank">Iraqi Dinar</a>
is not traded on any legitimate Foreign Exchanges, although there are dealers
around the world selling it though they are largely unregulated. That doesn’t
mean they are not legit nor does it mean the currency you purchase from them is
not legit. </span></div>
<div class="MsoNormal">
<span style="font-size: 20.0pt; line-height: 115%;">It does
however mean you should exercise due diligence when purchasing the Iraqi Dinar
if you choose to do so.</span></div>
<div class="MsoNormal">
<span style="font-size: 20.0pt; line-height: 115%;">If there’s
no market for this currency that most investors would recognize as a regulated
exchange forum what does that mean actually? How is the value rising if there’s
no official legitimate market?</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 20.0pt; line-height: 115%;">These press
releases I’m talking about aren’t released from the AP or any well established
or well known news organization, they are issued by Dinar sellers like Sterling
Currency Group LLC or Tampa Dinar. They are issue by currency dealers launching
blogs on the topic. It’s generally noticed on the bottom of a press release who
is releasing it.</span></div>
<div class="MsoNormal">
<span style="font-size: 20.0pt; line-height: 115%;">These
releases are generally “somewhat” oriented in the area of “investor protection”
but more so pushing their product / service to customers. It’s more an advertisement
disguised as a press release.</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 20.0pt; line-height: 115%;">One thing
that investors should consider before making a purchase, in addition to Iraq’s
Political climate, economic climate, and security concerns as a country, as
well as the general volatility in world markets, especially world currency
markets. Investors should also be assessing their tolerance for risk as rates
fluctuate on a daily basis, because of the instability in the region the Iraqi
Dinar could fall apart and go to zero, or it’s possible it will never be a
widely exchangeable currency leaving you no option but to sell it back to that
very dealer who sold it to you at a substantially reduced rate.</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 20.0pt; line-height: 115%;">Unlike Forex
markets purchasing hard currency ie actually you buying the physical foreign
currency<span style="mso-spacerun: yes;"> </span>you can hold in your hand is
always going to have higher markups than buying on the electronic forex
markets. Anyone who plans on purchasing any physical currency, but especially
so with the Iraqi Dinar, should do their due diligence before dipping their
foot into this untraditional market.</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 20.0pt; line-height: 115%;">As with any
industry there are unreliable dealers and scammers out there. To avoid being a
victim of a scam anyone considering investing in the Iraqi Dinar should spend
some time researching the dealers. Before making a purchase. Here are some
things to consider…</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 20.0pt; line-height: 115%;">1. Do they
sell authentic notes with a Certificate Of Authenticity</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 20.0pt; line-height: 115%;">2. Do they
show you how to, and encourage you to check your notes yourself to verify them
as authentic and not just take their COA and their word for it?</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 20.0pt; line-height: 115%;">3. Do they
Buy as well as sell Currency?</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 20.0pt; line-height: 115%;">4. Are they
Treasury Registered?</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-size: 20.0pt; line-height: 115%;">5. Do they
have a history of satisfied customers or a high ebay rating score?</span></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-932118537714055922.post-81137520973573488842012-10-09T17:09:00.006-07:002012-12-30T20:37:27.569-08:00What's The Fuzz About E-Currency TradingYou keep hearing about this money making system that requires no selling, only an hour a day (max) and no special skill. <br />
<br />
Yeah right. <br />
<br />
At least that's the first impression for someone who has been in the internet for a while. <br />
<br />
Enter <a href="http://www.blogger.com/%3Ca%20href=%22http://fe2fexc-lmjb-r5c6z0ewozin2.hop.clickbank.net/%22%20target=%22_top%22%3EClick%20Here!%3C/a%3E" target="_blank">E-Currency Trading</a>. <br />
<br />
What if you were able to provide the liquid capital for "Internet Money" so that it could be used with as a backup or “real money”? <br />
<br />
You can make around 1.5% to 4% in daily interests on your capital for doing that. My eyes almost popped out. You can gain coumpounding interest for a starting investment as little as 50 bucks. <br />
<br />
Depending on your background, it may be a little hard to believe that you can take $100 and turn them into $800 in less than 45 days. I'm 21 years old and it was tought for me to believe it. You're actually putting your money to work. Yep, it happens. And it takes no special skill. After all, your money is the one doing all the hard work. <br />
<br />
There is a downside, of course. It’s a very complex system to grasp at first. In fact it can be overwhelming if you don’t know what the heck you’re doing. Open an account here, another one there, buy some stuff here buy some stuff there. You could go insane trying to figure it out by yourself. <br />
<br />
I was lucky enough to do it the simple way. If someone guides you step by step, with a visual image of how he uses the system Every-Step-Of-the-Way, <br />
<br />
“do this, open this account, then open this other account, put your money here, transfer it here, and see how it grows” <br />
<br />
When someone takes you by the hand like that and teaches you, it just become too easy. All I did was watch a video, do Exactly like on the video. Watch the next video, do exactly what you see on the video. Watch the next video and... well you get the point. <br />
<br />
The great thing about E-<a href="http://www.blogger.com/%3Ca%20href=%22http://fe2fexc-lmjb-r5c6z0ewozin2.hop.clickbank.net/%22%20target=%22_top%22%3EClick%20Here!%3C/a%3E" target="_blank">currency Trading</a> is that you and I and everyone else does the same thing to make money. We all take the same path. If you’re heading this way, if you’re interested in learning about e-currency trading, I can recommend you take the smart way and learn the system instead of trying to figuring out for yourself. <br />
<br />
When you decide to learn currency exchange the smart way, the rewards are higher in a shorter time frame, without really having a learning curve because you are learning it directly from a source that is already generating income for themselves. <br />
<br />
Remember the law that says that the shortest path between two distances is a straight line.<br />
<br />
<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-932118537714055922.post-41947851228824270942012-10-09T17:09:00.001-07:002012-12-30T20:38:34.350-08:00What Is Currency Trading?<a href="http://www.blogger.com/%3Ca%20href=%22http://fe2fexc-lmjb-r5c6z0ewozin2.hop.clickbank.net/%22%20target=%22_top%22%3EClick%20Here!%3C/a%3E" target="_blank">Currency trading</a> is the largest market on the planet. It is estimated that in excess of US$2 trillion is traded every day. Compare this to the New York Stock Exchange's daily transactions of approximately US$50 billion, and you can see that the magnitude of the currency trading market exceeds all other equity markets in the world combined. The practice of currency trading is also commonly referred to as foreign exchange, Forex, or FX, for short.<br />
<br />
All currency has a value relative to other currencies on the planet. Currency trading uses the purchase and sale of large quantities of currency to leverage the shifts in relative value into profit.<br />
<br />
What is the FX market?<br />
<br />
The <a href="http://www.blogger.com/%3Ca%20href=%22http://fe2fexc-lmjb-r5c6z0ewozin2.hop.clickbank.net/%22%20target=%22_top%22%3EClick%20Here!%3C/a%3E" target="_blank">FX market</a> is different from other markets in some other key ways that are sure to raise eyebrows. Think that the EUR/USD is going to spiral downward? Feel free to short the pair at will. There is no uptick rule in FX as there is in stocks. There are also no limits on the size of your position (as there are in futures); so, in theory, you could sell $100 billion worth of currency if you had the capital to do it. If your biggest Japanese client, who also happens to golf with Toshihiko Fukui, the Governor of the Bank of Japan, told you on the golf course that BOJ is planning to raise rates at its next meeting, you could go right ahead and buy as much yen as you like. No one will ever prosecute you for insider trading should your bet pay off. There is no such thing as insider trading in FX; in fact, European economic data, such as German employment figures, are often leaked days before they are officially released.<br />
<br />
Which currencies are Traded?<br />
<br />
Although some retail dealers trade exotic currencies such as the Thai baht or the Czech koruna, the majority trade the seven most liquid currency pairs in the world, which are the four majors:<br />
<br />
EUR/USD (euro/dollar)<br />
USD/JPY (dollar/Japanese yen)<br />
GBP/USD (British pound/dollar)<br />
USD/CHF (dollar/Swiss franc)<br />
<br />
and the three commodity pairs:<br />
<br />
AUD/USD (Australian dollar/dollar)<br />
USD/CAD (dollar/Canadian dollar)<br />
NZD/USD (New Zealand dollar/dollar)<br />
<br />
These currency pairs, along with their various combinations (such as EUR/JPY, GBP/JPY and EUR/GBP) account for more than 95% of all speculative trading in FX. Given the small number of trading instruments - only 18 pairs and crosses are actively traded - the FX market is far more concentrated than the stock market.<br />
<br />
<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-932118537714055922.post-76790921441552275572012-10-09T17:08:00.004-07:002012-12-30T20:38:02.338-08:00What Is Currency Option Trading?When people think about the <a href="http://www.blogger.com/%3Ca%20href=%22http://fe2fexc-lmjb-r5c6z0ewozin2.hop.clickbank.net/%22%20target=%22_top%22%3EClick%20Here!%3C/a%3E" target="_blank">currency market,</a> they think of the foreign exchange market but that’s not the only currency trading market. There is also the currency options market.<br />
<br />
<a href="http://www.blogger.com/%3Ca%20href=%22http://fe2fexc-lmjb-r5c6z0ewozin2.hop.clickbank.net/%22%20target=%22_top%22%3EClick%20Here!%3C/a%3E" target="_blank">Currency options market</a> deals with buying and selling the rights to buy and sell a set amount of currency in a specific time frame. That means that a person will have the right to sell a set amount of money in a given time frame at the present currency rate. So there is a great risk involved in making money.<br />
<br />
Because the foreign currency market is opened twenty four hours a day, the currency option trading market stays open the same hours as well. That makes it the sole option trading market to do so.<br />
<br />
Likewise, since the foreign currency market is unpredictable by nature, the currency option market will be the same to a certain extent. Dealing in the currency option market can be compared to betting. The question on you mind is; if you made this amount for the right to sell how much can you get back?<br />
<br />
Unlike foreign current trading where you must make your decisions fairly quickly, the currency option trading is based on a set date so you do have a little more time, which is helpful.<br />
<br />
Also, currency option trading is more flexible. You are able to shift your financial situation before the specific date of trading. Therefore, the currency market could be regarded as a safety net when in doubt about the foreign currency exchange market.<br />
<br />
Dealing in currency options trading, you must be able to look on a bigger scale and see how events affect the market. You are working with possibilities of the future. The foreign exchange market may change many times before the date you are able to sell. You will be constantly on watch in order to move when the time comes.<br />
<br />
Another thing that is necessary to deal in this market is access to the correct information. Contacts are important. One such example is, if a country has a coup, you might think that the currency will go down. However, if you have a contact, you may find out that the new government is progressive and is making changes that would help the currency.<br />
<br />
As you can see, the currency option market is a little bit different from the foreign currency market. This kind of trading relies on the foreign exchange currency market but deals with the big picture.<br />
<br />
<br />Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-932118537714055922.post-89935174413187545872012-10-09T17:07:00.007-07:002012-10-09T17:07:54.414-07:00What Currency To Use When Vacationing In MexicoWhile it may seem a simple question to some, what currency you should use while vacationing in Mexico is often asked and more often gotten wrong. Most people know that the national currency of Mexico is the Peso, but most assume that the American dollar works just as well, if not better. It is a common misconception that Mexican merchants and vendors see the dollar as more desirable and revered, but that is not necessarily true.<br /><br />Most retailers and merchants in Mexico will politely accept American dollars, but they prefer Pesos. The exception would be in Northern Mexico and Baja where merchants happily accept dollars and there isn't much chance to offend. You just need to make sure in these cases that you get a fair exchange rate. It is also a better deal for the tourist to use Pesos because prices are almost always less expensive when using Pesos. <br /><br />You can plan ahead and use a currency exchange service before you travel, although you may find that a currency exchange at the airport might give you the best exchange rate. A good bill amount to obtain might be 500 Pesos, which would come in handy for tipping the bellman or a waiter. You can use your debit or credit card for all your other transactions and you can take along traveler's checks for any emergency that comes along. All of your cards and travelers checks can be replaced if stolen so don't take an inordinate amount of cash with you. <br /><br />If you run low on cash you can always replenish your pocketbook at the many ATM bank machines that are prevalent in resort areas. You can cash your traveler's checks at an exchange house or a bank, which will result in the face value of the check multiplied by that day's rate of exchange. If the place you go tries to charge a fee for doing this, go somewhere else, as it is not common practice to levy fees or commissions for cashing traveler's checks. <br /><br />And don't forget that friends and family will appreciate and enjoy seeing coins and currency from distant lands when you get home. Be sure to keep some Pesos to give a show and tell when you return. If you have children you will especially appreciate how much they will enjoy showing off your "booty" to their friends. And putting some of the Pesos you get while on vacation into your scrapbook or photo album will be a great reminder of all the fun you had in Mexico.<br /><br />Using the currency of Mexico will not only make your cash go farther, but it will also stimulate your mind as you take in all the colorful images printed on the Pesos and immerse yourself into the culture of Mexico. Go to a currency exchange service and get a lot of different small denominations. Learning what certain everyday items cost and how little you have to spend to have a good time will only serve to better your vacation experience. Have fun!<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-932118537714055922.post-69182288187341929912012-10-09T17:07:00.002-07:002012-12-30T20:39:30.177-08:00Three Things You Need To Know In Online Currency TradingForex currency trading is the perfect investment opportunity for the beginner investor. It’s easy to get involved in, as very few restrictions, and offers a standard and mini version for those that aren’t quite comfortable with putting the $10,000 in account. With the mini $500 is all you need. Oh yes and there are three things you need to know in online currency trading.<br />
<br />
1. You will need a dealer<br />
<br />
Number one of the three things you need to know in online currency trading if you want to play on the Forex market you will need to find yourself a dealer. It’s really not too difficult to find one on the net by doing a search through Google or one of the search engines. These dealers are your key as they will make possible your entry into the Forex trade market. You want to start trading without a bunch of worries haunting you and the three things you need to know in online currency trading will help.<br />
<br />
2. Knowledge About Global <a href="http://www.blogger.com/%3Ca%20href=%22http://fe2fexc-lmjb-r5c6z0ewozin2.hop.clickbank.net/%22%20target=%22_top%22%3EClick%20Here!%3C/a%3E" target="_blank">Currency Markets</a><br />
<br />
Number two of the three things you need to know in online currency trading is about global currency markets and understanding them. There are all kinds of services on different online Forex sites so find the right site. With the three things you need to know in online currency trading under your belt and your dealer and services lined up with access to global currency markets you’ll be playing the game.<br />
<br />
3. Margin Trading<br />
<br />
The leverage amount given to the trader to trade in the currency market is called margin trading and it is an important tool in currency trading. In fact the three things you need to know in online currency trading include margin trading. Traders can trade foreign currencies with a very high margin. The stock exchange gives you a 1:1, the equity market gives you 2:1, the futures market gives you 15:1, where as the Forex will give you a whopping 100:1, 150:1, and 200:1. How impressive is that? Now you can control a lot of money with very little cash.<br />
<br />
Now that you are aware of the three things you need to know in online currency trading you’re ready to get busy and start to put what you’ve learned to practice.<br />
<br />
If there were only there three things you need to know in online currency trading it would be great but it’s only the beginning. A building block to wealth and riches.<br />
<br />
Copyright © 2007 Joel Teo. All rights reserved. (You may publish this article in its entirety with the following author's information with live links only.)<br />
<br />
<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-932118537714055922.post-18040210690491364402012-10-09T17:05:00.002-07:002012-10-09T17:05:13.720-07:00The secret currency technique that banks use to make billionsDear Friend,<br /><br />The currency markets are the backbone of global economy and the banks are riding it like a bucking bronco. The banks don’t make their money from speculating or trading the currency markets they make their money from being the currency market. What I mean by the banks is being the market is that they will make money whether you win or lose on a trade. This happens because the banks make money from the pip spreads on the front end and are always in a hedged position when a currency transaction occurs. So it does not matter what the market ultimately the banks wins regardless. Well if the banks hedge there position to protect them selves, why don’t we as traders do the same.<br /><br />Everyone has heard the term for every action there is a reaction, and every negative has a positive, and what goes up must come down; you get the picture. Well the same applies for the currency markets we refer to it as hedging using negative correlations, or simply one pair goes up when the other pair goes down and vice versa. It is very important for any one involved in the forex market to understand this basic concept of risk management. This technique is used all the time by banks, and especially major international corporations that do business in other currency besides the dollar. This is simply a logical choice when you are trading multiple currency pairs to ensure that your trading account does not get depleted very rapidly.<br /><br />Negative as well as positive correlations exist between all currency pairs and are susceptible to change based on the a variety of factors, and of course monetary policy in that country being one of if not the biggest influence. A trader should check the currency pair correlation often to ensure that there has not been any major changes in the way currency pairs are affecting each other. This can be done in any number of ways; most forex trading software packages include the ability to view historical and daily currency prices which will allow you to determine a correlation between currency pairs. In closing I highly recommend if you trade currency you become familiar with Correlation Coefficient between currencies pairs so hedge your positions and limit your market exposure for maximum profit.<br /><br /><br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-932118537714055922.post-30863679073284647362012-10-09T17:03:00.005-07:002012-10-09T17:03:41.908-07:00The Monster Traffic Way Of Currency ExchangeIn the advent of globalization, “the name of the game” is not money alone. Can we include currency exchange? In historical times, the mode of exchange is by bartering a valuable object with the desired other object. Currently, this may exist informally but vaguely, an item for sale would more or less be worth a sum of money.<br /><br />But as the world transactions come in complexity, where the value of an economy is determined by the amount of its reserved wealth, money is a very broad traffic in commerce and all walks of living. Currency exchange comprises the biggest transaction in the world market. Each country has adopted its own unit as home currency, but with their independence from each other, they differ in economic standing based on many factors. The worth of their currencies against the other is the EXCHANGE RATE. Foreign Exchange goes with the acronym FOREX.<br /><br />To understand the value of home currency, it is always comparable with another currency foreign to it. The most common way of expressing it is by Price Currency. A very simple example figure is this:<br /><br />1 US Dollar ($) = 0.69 British Pound Sterling<br /><br />The fluctuation of a currency is solely based on the demand of its supply. The more transactions are made with it, the more it becomes valuable. If there is less demand for the currency, it devalues fast, thus it will have an impact on its rate value. Primarily, this is observed generally in terms of country’s economic standing. If its people have the most employment, there are more needs for commodities and supplies that businesses are revolving as well as it use of money. Once currency is valuable, the interest rate is high which can also attract other investors to take chance on buying it.<br /><br />A powerful currency would mean consistent price rate that does not devalue in a long period of time. In playing the game with foreign exchange buying, sometimes it is difficult for banks themselves to control those who manipulate them into selling the reserves, which in a way have impact on the country’s financial status. Several scenarios make a great decline of currency value like political uncertainties, unemployment that leads to higher inflation, other relevant issues that can hamper commerce and business from functioning well, and other macro-economic situations.<br /><br />So far, the five most traded currencies in the world are the following:<br /><br />- US Dollar<br />- Euro<br />- Japanese Yen<br />- British Pound Sterling<br />- Swiss Franc<br /><br />EURO, a new currency that hit the market after its birth in 1999, is almost speculated a threat to US dollar. And yet the latter (US$) is still the highest with its 89% rate of world transaction, which dwarfed the rest to the fraction left. Still, no matter how insignificant a certain currency may be, the monetary flow is a big volatile traffic that literally flows like liquid around the world though it may seem unnoticed.<br /><br />It may appear that Foreign Exchange Retailing seem to have “the edge” in terms of acquiring currencies, but actually, it turns out that there should be ways of marginalizing these businesses to balance the flow of currency exchange, which in a big overview, these retailers may take hidden charges for their own gain.<br /><br />Without noticing, it is clear that no matter how small transactions are, negotiations play a big part on currency exchange jam, which any civilized world has embraced for centuries.<br /><br /><br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-932118537714055922.post-83066325842875888342012-10-09T17:03:00.000-07:002012-10-09T17:03:05.923-07:00The History of Previous Currency UnionsI. The History of Monetary Unions<br /><br />"Before long, all Europe, save England, will have one money". This was written by William Bagehot, the Editor of "The Economist", the renowned British magazine, 120 years ago when Britain, even then, was heatedly debating whether to adopt a single European Currency or not.<br /><br />A century later, the euro is finally here (though without British participation). Having braved numerous doomsayers and Cassandras, the currency - though much depreciated against the dollar and reviled in certain quarters (especially in Britain) - is now in use in both the eurozone and in eastern and southeastern Europe (the Balkan). In most countries in transition, it has already replaced its much sought-after predecessor, the Deutschmark. The euro still feels like a novelty - but it is not. It was preceded by quite a few monetary unions in both Europe and outside it.<br /><br />What lessons does history teach us? What pitfalls should we avoid and what features should we embrace?<br /><br />People felt the need to create a uniform medium of exchange as early as in Ancient Greece and Medieval Europe. Those proto-unions did not have a central monetary authority or monetary policy, yet they functioned surprisingly well in the uncomplicated economies of the time.<br /><br />The first truly modern example would be the monetary union of Colonial New England.<br /><br />The four kinds of paper money printed by the New England colonies (Connecticut, Massachusetts Bay, New Hampshire and Rhode Island) were legal tender in all four until 1750. The governments of the colonies even accepted them for tax payments. Massachusetts - by far the dominant economy of the quartet - sustained this arrangement for almost a century. The other colonies became so envious that they began to print additional notes outside the union. Massachusetts - facing a threat of devaluation and inflation - redeemed for silver its share of the paper money in 1751. It then retired from the union, instituted its own, silver-standard (mono-metallic), currency and never looked back.<br /><br />A far more important attempt was the Latin Monetary Union (LMU). It was dreamt up by the French, obsessed, as usual, by their declining geopolitical fortunes and monetary prowess. Belgium already adopted the French franc when it became independent in 1830. The LMU was a natural extension of this franc zone and, as the two teamed up with Switzerland in 1848, they encouraged others to join them. Italy followed suit in 1861. When Greece and Bulgaria acceded in 1867, the members established a currency union based on a bimetallic (silver and gold) standard.<br /><br />The LMU was considered sufficiently serious to be able to flirt with Austria and Spain when its Foundation Treaty was officially signed in 1865 in Paris. This despite the fact that its French-inspired rules seemed often to sacrifice the economic to the politically expedient, or to the grandiose.<br /><br />The LMU was an official subset of an unofficial "franc area" (monetary union based on the French franc). This is similar to the use of the US dollar or the euro in many countries today. At its peak, eighteen countries adopted the Gold franc as their legal tender (or peg). Four of them (the founding members of the LMU: France, Belgium, Italy and Switzerland) agreed on a gold to silver conversion rate and minted gold and silver coins which were legal tender in all of them. They voluntarily limited their money supply by adopting a rule which forbade them to print more than 6 franc coins per capita.<br /><br />Europe (especially Germany and the United Kingdom) was gradually switching at the time to the gold standard. But the members of the Latin Monetary Union paid no attention to its emergence. They printed ever increasing quantities of gold and silver coins, which constituted legal tender across the Union. Smaller denomination (token) silver coins, minted in limited quantity, were legal tender only in the issuing country (because they had a lower silver content than the Union coins).<br /><br />The LMU had no single currency (akin to the euro). The national currencies of its member countries were at parity with each other. The cost of conversion was limited to an exchange commission of 1.25%.<br /><br />Government offices and municipalities were obliged to accept up to 100 Francs of non-convertible and low intrinsic value tokens per transaction. People lined to convert low metal content silver coins (100 Francs per transaction each time) to buy higher metal content ones.<br /><br />With the exception of the above-mentioned per capita coinage restriction, the LMU had no uniform money supply policies or management. The amount of money in circulation was determined by the markets. The central banks of the member countries pledged to freely convert gold and silver to coins and, thus, were forced to maintain a fixed exchange rate between the two metals (15 to 1) ignoring fluctuating market prices.<br /><br />Even at its apex, the LMU was unable to move the world prices of these metals. When silver became overvalued, it was exported (at times smuggled) within the Union, in violation of its rules. The Union had to suspend silver convertibility and thus accept a humiliating de facto gold standard. Silver coins and tokens remained legal tender, though. The unprecedented financing needs of the Union members - a result of the First World War - delivered the coup de grace. The LMU was officially dismantled in 1926 - but expired long before that.<br /><br />The LMU had a common currency but this did not guarantee its survival. It lacked a common monetary policy monitored and enforced by a common Central Bank - and these deficiencies proved fatal.<br /><br />In 1867, twenty countries debated the introduction of a global currency in the International Monetary Conference. They decided to adopt the gold standard (already used by Britain and the USA) following a period of transition. They came up with an ingenious scheme. They selected three "hard" currencies, with equal gold content so as to render them interchangeable, as their legal tender. Regrettably for students of the dismal science, the plan came to naught.<br /><br />Another failed experiment was the Scandinavian Monetary Union (SMU), formed by Sweden (1873), Denmark (1873) and Norway (1875). It was a by-now familiar scheme. All three recognized each others' gold coinage as well as token coins as legal tender. The daring innovation was to accept the members' banknotes (1900) as well.<br /><br />As Scandinavian schemes go, this one worked too perfectly. No one wanted to convert one currency to another. Between 1905 and 1924, no exchange rates among the three currencies were available. When Norway became independent, the irate Swedes dismantled the moribund Union in an act of monetary tit-for-tat.<br /><br />The SMU had an unofficial central bank with pooled reserves. It extended credit lines to each of the three member countries. As long as gold supply was limited, the Scandinavian Kronor held its ground. Then governments started to finance their deficits by dumping gold during World War I (and thus erode their debts by fostering inflation through a string of inane devaluations). In an unparalleled act of arbitrage, central banks then turned around and used the depreciated currencies to scoop up gold at official (cheap) rates.<br /><br />When Sweden refused to continue to sell its gold at the officially fixed price - the other members declared effective economic war. They forced Sweden to purchase enormous quantities of their token coins. The proceeds were used to buy the much stronger Swedish currency at an ever cheaper price (as the price of gold collapsed). Sweden found itself subsidizing an arbitrage against its own economy. It inevitably reacted by ending the import of other members' tokens. The Union thus ended. The price of gold was no longer fixed and token coins were no more convertible.<br /><br />The East African Currency Area is a fairly recent debacle. An equivalent experiment, involving the CFA franc, is still going on in the Francophile part of Africa.<br /><br />The parts of East Africa ruled by the British (Kenya, Uganda and Tanganyika and, in 1936, Zanzibar) adopted in 1922 a single common currency, the East African shilling. The newly independent countries of East Africa remained part of the Sterling Area (i.e., the local currencies were fully and freely convertible into British Pounds). Misplaced imperial pride coupled with outmoded strategic thinking led the British to infuse these emerging economies with inordinate amounts of money. Despite all this, the resulting monetary union was surprisingly resilient. It easily absorbed the new currencies of Kenya, Uganda and Tanzania in 1966, making them legal tender in all three and convertible to Pounds.<br /><br />Ironically, it was the Pound which gave way. Its relentless depreciation in the late 60s and early 70s, led to the disintegration of the Sterling Area in 1972. The strict monetary discipline which characterized the union - evaporated. The currencies diverged - a result of a divergence of inflation targets and interest rates. The East African Currency Area was formally ended in 1977.<br /><br />Not all monetary unions ended so tragically. Arguably, the most famous of the successful ones is the Zollverein (German Customs Union).<br /><br />The nascent German Federation was composed, at the beginning of the 19th century, of 39 independent political units. They all busily minted coins (gold, silver) and had their own - distinct - standard weights and measures. The decisions of the much lauded Congress of Vienna (1815) did wonders for labour mobility in Europe but not so for trade. The baffling number of (mostly non-convertible) different currencies did not help.<br /><br />The German principalities formed a customs union as early as 1818. The three regional groupings (the Northern, Central and Southern) were united in 1833. In 1828, Prussia harmonized its customs tariffs with the other members of the Federation, making it possible to pay duties in gold or silver. Some members hesitantly experimented with new fixed exchange rate convertible currencies. But, in practice, the union already had a single currency: the Vereinsmunze.<br /><br />The Zollverein (Customs Union) was established in 1834 to facilitate trade by reducing its costs. This was done by compelling most of the members to choose between two monetary standards (the Thaler and the Gulden) in 1838. Much as the Bundesbank was to Europe in the second half of the twentieth century, the Prussian central bank became the effective Central Bank of the Federation from 1847 on. Prussia was by far the dominant member of the union, as it comprised 70% of the population and land mass of the future Germany.<br /><br />The North German Thaler was fixed at 1.75 to the South German Gulden and, in 1856 (when Austria became informally associated with the Union), at 1.5 Austrian Florins. This last collaboration was to be a short lived affair, Prussia and Austria having declared war on each other in 1866.<br /><br />Bismarck (Prussia) united Germany (Bavarian objections notwithstanding) in 1871. He founded the Reichsbank in 1875 and charged it with issuing the crisp new Reichsmark. Bismarck forced the Germans to accept the new currency as the only legal tender throughout the first German Reich. Germany's new single currency was in effect a monetary union. It survived two World Wars, a devastating bout of inflation in 1923, and a monetary meltdown after the Second World War. The stolid and trustworthy Bundesbank succeeded the Reichsmark and the Union was finally vanquished only by the bureaucracy in Brussels and its euro.<br /><br />This is the only case in history of a successful monetary union not preceded by a political one. But it is hardly representative. Prussia was the regional bully and never shied away from enforcing strict compliance on the other members of the Federation. It understood the paramount importance of a stable currency and sought to preserve it by introducing various consistent metallic standards. Politically motivated inflation and devaluation were ruled out, for the first time. Modern monetary management was born.<br /><br />Another, perhaps equally successful, and still on-going union - is the CFA franc Zone.<br /><br />The CFA (stands for French African Community in French) franc has been in use in the French colonies of West and Central Africa (and, curiously, in one formerly Spanish colony) since 1945. It is pegged to the French franc. The French Treasury explicitly guarantees its conversion to the French franc (65% of the reserves of the member states are kept in the safes of the French Central Bank). France often openly imposes monetary discipline (that it sometimes lacks at home!) directly and through its generous financial assistance. Foreign reserves must always equal 20% of short term deposits in commercial banks. All this made the CFA an attractive option in the colonies even after they attained independence.<br /><br />The CFA franc zone is remarkably diverse ethnically, lingually, culturally, politically, and economically. The currency survived devaluations (as large as 100% vis a vis the French Franc), changes of regimes (from colonial to independent), the existence of two groups of members, each with its own central bank (the West African Economic and Monetary Union and the Central African Economic and Monetary Community), controls of trade and capital flows - not to mention a host of natural and man made catastrophes.<br /><br />The euro has indirectly affected the CFA as well. "The Economist" reported recently a shortage of small denomination CFA franc notes. "Recently the printer (of CFA francs) has been too busy producing euros for the market back home" - complained the West African central bank in Dakar. But this is the minor problem. The CFA franc is at risk due to internal imbalances among the economies of the zone. Their growth rates differ markedly. There are mounting pressures by some members to devalue the common currency. Others sternly resist it.<br /><br />"The Economist" reports that the Economic Community of West African States (ECOWAS) - eight CFA countries plus Nigeria, Ghana, Guinea, the Gambia, Cape Verde, Sierra Leone, and Liberia - is considering its own monetary union. Many of the prospective members of this union fancy the CFA franc even less than the EU fancies their capricious and graft-ridden economies. But an ECOWAS monetary union could constitute a serious - and more economically coherent - alternative to the CFA franc zone.<br /><br />A neglected monetary union is the one between Belgium and Luxembourg. Both maintain their idiosyncratic currencies - but these are at parity and serve as legal tender in both countries since 1921. The monetary policy of both countries is dictated by the Belgian Central Bank and exchange regulations are overseen by a joint agency. The two were close to dismantling the union at least twice (in 1982 and 1993) - but relented.<br /><br />II. The Lessons<br /><br />Europe has had more than its share of botched and of successful currency unions. The Snake, the EMS, the ERM, on the one hand - and the British Pound, the Deutschmark, and the ECU, on the other.<br /><br />The currency unions which made it have all survived because they relied on a single monetary authority for managing the currency.<br /><br />Counter-intuitively, single currencies are often associated with complex political entities which occupy vast swathes of land and incorporate previously distinct -and often politically, socially, and economically disparate - units. The USA is a monetary union, as was the late USSR.<br /><br />All single currencies encountered opposition on both ideological and pragmatic grounds when they were first introduced.<br /><br />The American constitution, for instance, did not provide for a central bank. Many of the Founding Fathers (e.g., Madison and Jefferson) refused to countenance one. It took the nascent USA two decades to come up with a semblance of a central monetary institution in 1791. It was modeled after the successful Bank of England. When Madison became President, he purposefully let its concession expire in 1811. In the forthcoming half century, it revived (for instance, in 1816) and expired a few times.<br /><br />The United States became a monetary union only following its traumatic Civil War. Similarly, Europe's monetary union is a belated outcome of two European civil wars (the two World Wars). America instituted bank regulation and supervision only in 1863 and, for the first time, banks were classified as either national or state-level.<br /><br />This classification was necessary because by the end of the Civil War, notes - legal and illegal tender - were being issued by no less than 1562 private banks - up from only 25 in 1800. A similar process occurred in the principalities which were later to constitute Germany. In the decade between 1847 and 1857, twenty five private banks were established there for the express purpose of printing banknotes to circulate as legal tender. Seventy (!) different types of currency (mostly foreign) were being used in the Rhineland alone in 1816.<br /><br />The Federal Reserve System was founded only following a tidal wave of banking crises in 1908. Not until 1960 did it gain a full monopoly of nation-wide money printing. The monetary union in the USA - the US dollar as a single legal tender printed exclusively by a central monetary authority - is, therefore, a fairly recent thing, not much older than the euro.<br /><br />It is common to confuse the logistics of a monetary union with its underpinnings. European bigwigs gloated over the smooth introduction of the physical notes and coins of their new currency. But having a single currency with free and guaranteed convertibility is only the manifestation of a monetary union - not one of its economic pillars.<br /><br />History teaches us that for a monetary union to succeed, the exchange rate of the single currency must be realistic (for instance, reflect the purchasing power parity) and, thus, not susceptible to speculative attacks. Additionally, the members of the union must adhere to one monetary policy.<br /><br />Surprisingly, history demonstrates that a monetary union is not necessarily predicated on the existence of a single currency. A monetary union could incorporate "several currencies, fully and permanently convertible into one another at irrevocably fixed exchange rates". This would be like having a single currency with various denominations, each printed by another member of the Union.<br /><br />What really matters are the economic inter-relationships and power plays among union members and between the union and other currency zones and currencies (as expressed through the exchange rate).<br /><br />Usually the single currency of the Union is convertible at given (though floating) exchange rates subject to a uniform exchange rate policy. This applies to all the territory of the single currency. It is intended to prevent arbitrage (buying the single currency in one place and selling it in another). Rampant arbitrage - ask anyone in Asia - often leads to the need to impose exchange controls, thus eliminating convertibility and inducing panic.<br /><br />Monetary unions in the past failed because they allowed variable exchange rates, (often depending on where - in which part of the monetary union - the conversion took place).<br /><br />A uniform exchange rate policy is only one of the concessions members of a monetary union must make. Joining always means giving up independent monetary policy and, with it, a sizeable slice of national sovereignty. Members relegate the regulation of their money supply, inflation, interest rates, and foreign exchange rates to a central monetary authority (e.g., the European Central Bank in the eurozone).<br /><br />The need for central monetary management arises because, in economic theory, a currency is never just a currency. It is thought of as a transmission mechanism of economic signals (information) and expectations (often through monetary policy and its outcomes).<br /><br />It is often argued that a single fiscal policy is not only unnecessary, but potentially harmful. A monetary union means the surrender of sovereign monetary policy instruments. It may be advisable to let the members of the union apply fiscal policy instruments autonomously in order to counter the business cycle, or cope with asymmetric shocks, goes the argument. As long as there is no implicit or explicit guarantee of the whole union for the indebtedness of its members - profligate individual states are likely to be punished by the market, discriminately.<br /><br />But, in a monetary union with mutual guarantees among the members (even if it is only implicit as is the case in the eurozone), fiscal profligacy, even of one or two large players, may force the central monetary authority to raise interest rates in order to pre-empt inflationary pressures.<br /><br />Interest rates have to be raised because the effects of one member's fiscal decisions are communicated to other members through the common currency. The currency is the medium of exchange of information regarding the present and future health of the economies involved. Hence the notorious "EU Stability Pact", recently so flagrantly abandoned in the face of German budget deficits.<br /><br />Monetary unions which did not follow the path of fiscal rectitude are no longer with us.<br /><br />In an article I published in 1997 ("The History of Previous European Currency Unions"), I identified five paramount lessons from the short and brutish life of previous - now invariably defunct - monetary unions:<br /><br />To prevail, a monetary union must be founded by one or two economically dominant countries ("economic locomotives"). Such driving forces must be geopolitically important, maintain political solidarity with other members, be willing to exercise their clout, and be economically involved in (or even dependent on) the economies of the other members. <br />Central institutions must be set up to monitor and enforce monetary, fiscal, and other economic policies, to coordinate activities of the member states, to implement political and technical decisions, to control the money aggregates and seigniorage (i.e., rents accruing due to money printing), to determine the legal tender and the rules governing the issuance of money. <br />It is better if a monetary union is preceded by a political one (consider the examples of the USA, the USSR, the UK, and Germany). <br />Wage and price flexibility are sine qua non. Their absence is a threat to the continued existence of any union. Unilateral transfers from rich areas to poor are a partial and short-lived remedy. Transfers also call for a clear and consistent fiscal policy regarding taxation and expenditures. Problems like unemployment and collapses in demand often plague rigid monetary unions. The works of Mundell and McKinnon (optimal currency areas) prove it decisively (and separately). <br />Clear convergence criteria and monetary convergence targets. <br />The current European Monetary Union is far from heeding the lessons of its ill fated predecessors. Europe's labour and capital markets, though recently marginally liberalized, are still more rigid than 150 years ago. The euro was not preceded by an "ever closer (political or constitutional) union". It relies too heavily on fiscal redistribution without the benefit of either a coherent monetary or a consistent fiscal area-wide policy. The euro is not built to cope either with asymmetrical economic shocks (affecting only some members, but not others), or with the vicissitudes of the business cycle.<br /><br />This does not bode well. This union might well become yet another footnote in the annals of economic history.<br /><br /><br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-932118537714055922.post-34717313567648239472012-10-09T17:02:00.004-07:002012-10-09T17:02:34.372-07:00The Foreign Currency Exchange Market - What Is It All About?You’ve likely heard of the Foreign Currency Exchange Market, but do you know what it’s all about and how to participate in it? Some people do, but many don’t know that the world’s currencies are traded almost every day of the week around the clock. There is a lot of money changing hands across the globe by simply predicting whether one currency goes up or down versus another. The Foreign Currency Exchange Market is termed The Forex, which is an abbreviation that is easier to say.<br /><br />Can I Participate in the Forex?<br /><br />Just like the stock markets we are all more accustomed to, individuals can also participate in the Forex. Individual investors couldn’t always participate in the Forex, but now they can. Since the Forex is an extremely liquid market, everyone is afforded the opportunity to buy in and sell currency positions without having to worry if there are enough trades to buy or sell one’s position. There are some investment markets which naturally have very little liquidity or volume and thus an investor can get “stuck” in positions longer than they would like or they may find hindrances even getting a position they want. With Forex Trades, you can be assured of filling your orders without the worry of liquidity. Just remember that as an individual, you will be in the market trading with large banks, other financial markets, companies, currency speculators, other individuals and governments…all looking to make money on currency fluctuations.<br /><br />How is the Forex Different from other Markets?<br /><br />Little to No Insider Information: One of the major differences the Forex exhibits versus other financial markets is the fact that there is little to no insider information involved with the Forex. Major financial news such as trade deficits, GDP, growth, inflation and other figures are released publicly to everyone at the same time. The problem other financial markets often have is people illegally leaking information from companies with select people having an advantage when they go to trade the stock or commodity before others find out about the news. The Forex Market doesn’t have the level of risk in that regard that some markets have. However, with that being said, large banks can have an advantage because they can monitor their customers’ orders, but they work with difference spreads anyway since they do such a large volume. The spread between the bid and the ask is always more than it is when larger institutions are buying or selling currencies. It stands to reason that those who place larger orders are going to receive bigger discounts in the form of a tighter bid and ask.<br /><br />Severely Leveraged Trading: Another difference between the Forex or FX Market and other financial markets is the possibility of severely leveraged trading, thus lowering the initial investment required. Some Forex Brokers can offer 300:1 or even 400:1, which means if you only have $1,000 to invest, you could open up a $400,000 position. This lower level of investment allows more people to trade in the Forex and decreases initial costs to enter the market.<br /><br />Low to No Commissions: Forex Trading also offers little to no commissions, unlike equity trading. Not only do most Forex Brokers not charge a commission at all, but the spreads are tighter than they are in the equity markets. This means more of your money stays in your pocket instead of the Brokers’.<br /><br />Easier Trading: Since the majority of Forex Trades take place among the top 7 currencies, you don’t have to learn about as many investments as you would with the stock market. This makes it easier to be specialized.<br /><br />Forex trading has many advantages compared to other financial markets. However, as with any investment, you will want to do your homework to make sure that Forex is right for you. As far as the Forex being less complicated than other equity markets, less costly as far as commissions and entry costs, more liquid, more leverage available and little to no insider information to deal with, it appears it is hard to go wrong with Forex Trading. If you stick to your system and don’t get distracted, the sky is the only limit in the Forex Market.<br /><br /><br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-932118537714055922.post-91575093161481814372012-10-09T17:01:00.007-07:002012-10-09T17:01:58.287-07:00The Excitement Of Online Foreign Currency TradingExcitement on a computer, for some, until recently has been regulated to porn or computer games. Now there is a way to find excitement on the internet and generate money as well. That is by becoming an online foreign currency trader.<br /><br />This is not changing dollars of local currency when you are on vacation. This is a business that trades about 1.3 trillion dollars a day currently and continues to grow. In fact, foreign currency trading is one of the biggest financial markets today.<br /><br />It’s the internet and the speed which information can be at a trader’s fingertips that causes the currency values to fluctuate and that gives online trader the thrill of relying on instinct to make choices.<br /><br />Because the market is on the internet, information is disseminated equally at the same speed. No one trader gets information faster than another. This gives you time to make good decisions.<br /><br />Another bonus of online foreign currency trading is that it operates twenty four hours a day. This allows you to be more flexible. You can get updates no matter where you are. So people who are put off trading because of their jobs can participate online on the foreign currency market.<br /><br />There are many foreign currency trading sites all over the Web. For the most part all you need to do is to register and you will be able to start immediately after. For those who are worried about the difficulties of understanding how to go about trading on the market, there is training available on these sites. They will help you set up and learn how to start making decisions on when to trade.<br /><br />To be a successful foreign currency trader you must be confident, have good instincts, understand the risks you take with your money and enjoy the thrill of relying on your guts.<br /><br /><br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-932118537714055922.post-20486476557386107872012-10-09T17:01:00.003-07:002012-10-09T17:01:26.290-07:00The Approach To Realizing A Profit From Online Currency TradingSome people are unable to stay focused when they participate in online currency trading. They have not yet developed a disciplined way of figuring their projections and are not able to rein themselves in when they see that they are losing money. The have no way planned to approach making a profit so they are unable to realize a profit from online currency trading.<br /><br />These people are in an online currency trading limbo. Some people in the literary world might refer to it as writers block. The online currency trader has lost their perspective on how to approach trades that day in order to reap any kind of profit. They can only manage enough perspective to sit and watch the computer screen and see that their money is slipping away.<br /><br />The online currency trader might feel this way because they have failed to meet a monetary goal that they set when they first started trading. If that income is not delivered when they expect it to be everyday, then they consider their online currency trades to be failures. The approach to realizing a profit from online currency trading requires people to see profit as profit and nothing more.<br /><br />Emotion has no place in a business that places its success on the trends of the current online currency trading market. The values to various currencies will rise and fall throughout the day and night and once an order is placed, people only have the power to set a limit on their losses and have a stop order in place to ensure that all is not lost in the online currency trading process.<br /><br />Some people take a logical approach to realizing a profit from online currency trading. They feel that they have prepared themselves to make decisions on the online currency trades that they have chosen to place, and are very logical to realize that the money could be lost in a matter of minutes. They are also very logical about the money that they could make if all of their preparations prove to be successful ones.<br /><br />Knowledge is power and is most certainly one of the factors that is crucial in online currency trading practices. A baseball team owner would not offer a multi-million dollar contract to a player that they knew nothing about. An online currency trader would not trade in a foreign currency that they do not thoroughly understand. The economy of the country and their past trading practices are knowledge that can be used to turn a rapid profit.<br /><br /><br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-932118537714055922.post-55023178367147560992012-10-09T17:00:00.002-07:002012-10-09T17:00:44.661-07:00Iraqi Dinar Prices Are DROPPING!!!! Dealers Lowering PricesIt's no secret that ever since Dinar Trade came back on the scene prices of the Iraqi Dinar have been dropping.<br />
<br />Where as a few months ago most sellers were selling for well over $1100 today prices have dropped dramatically. It seems for a while $1040 became the new norm in terms of price for most of the larger more recognized dealers however prices have continued to drop even lower which could make it a great time to buy more Dinar.<br />
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Currently prices have been dropping even further with BuyIraqiDinarHere.Com running a special for $999 for one million dinar and TampaDinar.Com is also running a special at only a dollar more at $1000 per million Dinar.<br />
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Prices have dropped substantially in the past few months. We'll have to watch and see if they continue to drop even further. Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-932118537714055922.post-6946592380412823552012-09-13T13:08:00.003-07:002012-09-13T13:08:35.210-07:007 Quick & Easy Steps To Authenticate Your New Iraqi DinarHere are 7 quick and easy steps to help you authenticate your New Iraqi Dinar<br />
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1) One of the easiest ways to identify an authentic
Iraqi Dinar note is to take the bill between your fingers and
search for <strong class="bbc">“texture”</strong> … a copy will
have none. Raised ink on a bill is a unique ink and process that
requires heat to activate. This is an extra step in the printing process most counterfitters will not do.<br /><br />
2) Hold it up to the light and find the horse’s head <strong class="bbc">watermark</strong> on the right of the bill, on a 25,000 NID note.<br /><br />
3) Search for the <strong class="bbc">foil strip/thread </strong>usually about 40% from left edge. Similar to foil strips on other world currencies.<br /><br />
4) Tilt the bill toward you, until it is flat and follow the foil strip from the previous step. You should see <strong class="bbc">metallic ink </strong>in small rectangles and even intervals down the backside<br /><br />
5) Keep the bill still tipped, move your eyes to the right side of the
bill and find a silver dove (looks like a mustache) nearest to you which
is a <strong class="bbc">second metallic ink </strong>feature.<br /><br />
6) Straight below the bill from the dove, at the bottom of the bill is a
webbed button … tilt or pivot the bill back and forth slightly and verify the <strong class="bbc">color changing ink </strong>feature<br /><br />
7) Place the back of the bill under a black light/<strong class="bbc">UV </strong>light and a small postage stamp area will glow in what looks to be a bush at about the upper right 1/3 margin. You can buy speciality black light pens from Amazon or Ebay or a regular black light bulb you can pick up at a hardware store or Walgreens will work as well.<br />
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Follow these simple steps and you can authenticate your Iraqi Dinar quickly and easily and have the peace of mind of knowing your not holding counterfeit notes.<br />
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-932118537714055922.post-55879009695424969922012-09-13T13:03:00.001-07:002012-09-13T13:03:05.540-07:00The Approach To Realizing A Profit From Online Currency TradingSome people are unable to stay focused when they participate in online currency trading. They have not yet developed a disciplined way of figuring their projections and are not able to rein themselves in when they see that they are losing money. The have no way planned to approach making a profit so they are unable to realize a profit from online currency trading.<br /><br />These people are in an online currency trading limbo. Some people in the literary world might refer to it as writers block. The online currency trader has lost their perspective on how to approach trades that day in order to reap any kind of profit. They can only manage enough perspective to sit and watch the computer screen and see that their money is slipping away.<br /><br />The online currency trader might feel this way because they have failed to meet a monetary goal that they set when they first started trading. If that income is not delivered when they expect it to be everyday, then they consider their online currency trades to be failures. The approach to realizing a profit from online currency trading requires people to see profit as profit and nothing more.<br /><br />Emotion has no place in a business that places its success on the trends of the current online currency trading market. The values to various currencies will rise and fall throughout the day and night and once an order is placed, people only have the power to set a limit on their losses and have a stop order in place to ensure that all is not lost in the online currency trading process.<br /><br />Some people take a logical approach to realizing a profit from online currency trading. They feel that they have prepared themselves to make decisions on the online currency trades that they have chosen to place, and are very logical to realize that the money could be lost in a matter of minutes. They are also very logical about the money that they could make if all of their preparations prove to be successful ones.<br /><br />Knowledge is power and is most certainly one of the factors that is crucial in online currency trading practices. A baseball team owner would not offer a multi-million dollar contract to a player that they knew nothing about. An online currency trader would not trade in a foreign currency that they do not thoroughly understand. The economy of the country and their past trading practices are knowledge that can be used to turn a rapid profit.<br /><br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-932118537714055922.post-19017922423874999912012-09-13T13:00:00.002-07:002012-09-13T13:03:14.816-07:00Authenticating The New Iraqi Dinar Is Easy - Learn How To Spot CounterfeitsIf you buy Iraqi Dinar it's worthwhile to know how to authenticate them to make sure you're not getting any counterfeit notes from your dealer. You need to make sure that your seller authenticates all notes prior to shipping them to you, that's very important.<br />
Why stop there though, wouldn't you rather know for certain and know for yourelf your holding authentic Iraqi Dinar notes. Learning to authenticate the Iraqi Dinar notes you buy and/or are holding is quick, easy and something everyone should know how to do.<br />
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Normally authenticating Iraqi Dinar is done by a De La Rue machine. Many dealers own these machines. Smaller dealers sometimes may not have their own but their suppliers most likely do. If you have no gurantee that your dinars are authentic then you shouldn't buy from that seller or dealer. To make sure to steer clear of counterfiets you must find a reliable and trusted supplier and one who gurantees your notes are authentic. <br />
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Thus far, counterfeit Dinar hasn't been much of a concern or issue apart from a case reported back in 2004 in Eastern Europe. As the dinar is released in larger volumes however and begins to circulate the world there is a danger counterfitters could start flooding the currency markets with their counterfeit dinar.<br />
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Currently no one really knows exactly how many fake dinars are circulating the world if any at all however it is important to practice due diligance and make sure you are getting the real McCoy. <br />
<br />
So now you're probably wondering how do I pick out fake Dinar from the real Dinar?<br />
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Fake Dinar Could Possibly Be Missing These Features...<br />
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1. Security Thread<br />
2. Raised Letters<br />
3. Watermark<br />
4. Metallic Ink<br />
5. Not Glow Under UV light aka black light.<br />
<br clear="all" />
<br clear="all" />
<br clear="all" />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-932118537714055922.post-7945219718606694332012-09-13T12:52:00.001-07:002012-09-13T12:52:12.879-07:00Relocation And The Currency MarketAs we all know, there are many important areas to be considered in the process of relocating. From the physical removal of household goods, to settling children into new schools, there seem to be an endless number of items to check off on a relocation ‘to-do’ list. Yet as a currency specialist we continually find that the all important purchase of the employees local currency is often overlooked. <br /><br />Whether transferring a lump sum to purchase an over seas property, or simply forwarding a US Dollar salary abroad every month, we have experienced that general corporate practice is to stay somewhat removed from this aspect of an international assignment or permanent move. Simply allowing employees to blindly use their banks to make their own decision on how they are going to move their Dollars abroad, however, can be a costly mistake!<br /><br />Volatility in the currency markets is an undeniable and unavoidable daily occurrence. With a daily turnover in excess of $1.5 billion and an uncountable number of factors playing into which way the market will move, it is impossible to forecast currencies with 100% accuracy. While large corporations employ market professionals to manage billions of dollars worth of currency risk, private individuals are often left at the whim of this massive market feeling uneducated and at risk.<br /><br />So why should this be a concern? <br /><br />If you imagine yourself in the shoes of an international employee, it is quite simple to see how the currency market and exchange rates directly affect your life: While your employer is, for example, a US based company; you will more than likely receive your salary in US Dollars (USD). This income may be deposited into your US account every month or possibly into an international account that has been set up in your new country. Either way, you will usually need to exchange your USD income into the local currency in order to buy groceries, pay bills and maintain a standard of living. <br /><br />The process of using your bank can be frustrating and may also be expensive. Think of it this way; every month you will need to contact your bank in order to initiate the exchange from your USD account into your local account. You will more than likely speak with a different person every time you call and you will most definitely receive a different exchange rate every month. On top of all that your bank will charge you a wire transfer fee ranging from $15-$30 per transaction. While the cost of wiring these funds on a regular basis will certainly add up over time, the inherent risk you face not knowing what rate you will receive in the future is MUCH more concerning. <br /><br />To illustrate let us assume that you were transferring USD$5,000 in wages to Canada on a monthly basis. In May of 2005, your USD$5,000 would have converted into roughly CAD$6,350 at a rate of 1.27. By February of 2006, that same USD$5,000 would have purchased you just CAD$5,700, a difference of CAD$650 every month. Assuming that you were using your bank, you would have also been receiving a wire transfer fee for each transaction totaling somewhere around $300-$400 in bank charges alone. <br /><br />The solution is simple; if you want to protect against currency risk, receive better rates of exchange and avoid needless fees, don’t use your bank! Most private individuals in this situation do not realize there is alternative to their bank, but using a currency specialist like HIFX can in fact remove the stress and hassle of these such requirements all together. HIFX’s Private Client Services include the securing exchange rates for up to 24 months, the setting up of direct debits which will avoid all transfer and bank receipt charges, and a simple, friendly service that is designed to put clients at ease. <br /><br />Whether your employees need to make regular transfers abroad or are moving larger sums of money for their international purchases, it is worth knowing that you can point them in the direction of a world renowned currency specialist which completely understands the relocation process.<br /><br />For more, detailed information on international currency transfer please go to:<br />http://www.onestopimmigration-canada.com/money_transfer_overseas.html<br /><br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-932118537714055922.post-21863819717069488602012-09-09T21:04:00.003-07:002012-09-09T21:04:31.599-07:00Poor Man's Access To Foreign Currency TradingBy far, the largest trading market in the world is the foreign currency market. Speculators make up only a small part of the spot (cash market) and forward (futures market) currency exchange transactions. So if you are considering speculating in this area, be aware that you are trying to out-guess the brightest minds & supercomputers at large banks and hedge funds; along with the political whims & expediency of government treasury departments.<br /><br />The common portfolio use for holding foreign currencies is to hedge against the fall of your home currency. For most people, their salary and all their assets are based in their home currency – and if that falls in value, so does their entire net worth and future earnings. For Americans, as an example, there has been a growing trade deficit with China for many years. And if China were to allow their currency to fluctuate, the U.S. dollar would fall against the Chinese yuan in concert with this trade deficit.<br /><br />You can also include currency trading as an additional way to diversify your portfolio. I have read many, many books to learn about currency trading, and even day-traded the Swiss-Franc for six months. If you want to learn how to speculate with trading currencies, you can either try some technical analysis services at the link below, or getting a Phd. in economics and finance, but I can’t guarantee that will increase your odds of success.<br /><br />I made my only ‘very poor man’ currency trade prior to the establishment of the Euro currency in 2002. While driving in my car, I heard a speech over the radio by the German president that I felt was certain to cause a short-term fall in the German Mark. I drove to the nearest AAA Travel Office, and went to the ATM next door to withdraw $200 in cash to put in my pocket. Being a AAA member, I then exchanged the $200 for American Express Traveler’s Cheques that were denominated in German Marks. Four months later, the U.S. dollar had increased by 10% on the German Mark. So I took my German Mark cheques to exchange them back into dollars and cash out with a giant profit. To my disappointment, the fees for the buy & sell transactions added up to about 8%, leaving me with a giant $4 profit. So if you want to try the “Travelers Cheque” route, you’ll need a big trend to offset your transaction fees.<br /><br />The next step up in initial cost is an ETF that is based on the Euro with the ticker symbol FXE. It is technically a trust, but it is traded exactly like a stock, and it fluctuates very close to the USD/Euro rate. When you think the dollar is going to fall against the Euro, just buy some of these shares to offset your currency risk, and you can start with one share for less than $200.<br /><br />The next way to get access to foreign currencies is to get some FDIC insured certificates of deposit from Everbank.com. They offer CDs in over 10 different foreign currencies and a couple indices, and the minimum investment is only $10,000 for an interest earning account. So if you are tired of your bank’s low savings account rate, there are currencies that regularly offer a higher yield without undue currency exchange risk.<br /><br />Risk a few small steps into foreign currency investments, and anything dollar-based will feel disappointingly tame. Plus, you’ll have bragging rights with your friends and dinner parties on your sophisticated investment portfolio.<br /><br /><br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-932118537714055922.post-5650613688118531822012-09-09T21:02:00.005-07:002012-09-09T21:02:56.370-07:00OTC Currency Options ExplainedOTC (Over the Counter) Currency options are defined as bilateral contracts, the value of which is derived from the value of some underlying asset or security. A Derivative covers any transaction where there is no movement of principle, and where the price performance of the derivative itself is driven by the price of the underlying asset.<br /><br />It is especially this aspect (the no movement of principle) that makes Derivatives such useful instruments to hedge other exposures and to do specialized risk management.<br /><br />Foreign exchange derivatives are the following: • Currency Options • Forex Futures • Swaps and Forwards<br /><br />Foreign Exchange derivatives can be traded over the counter or on organized exchanges – On organized exchanges fixed and prescribed contracts are bought and sold. An OTC derivative instrument is tailored to customer’s specifications regarding the specific dates, currencies and total amounts involved.<br /><br />One of the main differences between exchange traded currency derivatives and OTC currency derivatives is the credit risk. In the OTC Market each party takes on the risk of the other party - On an exchange, the exchange’s clearinghouse covers the parties’ risk. In the OTC Market, because of the very specific contract details, liquidity may be very low, i.e. it may not be easy or possible to trade with such an instrument if the right party cannot be found.<br /><br />A Currency option gives the holder the chance to fix the rate of exchange that will apply to a future exchange transaction. The Option writer (the seller of the option) must guarantee the rate chosen by the holder. For this guarantee a fee is charged. The holder of the option has all the rights implicit to the option but only one obligation – he must pay the fee.<br /><br />The Option writer or seller has all the obligations, but no rights. In return for the fee he must have the underlying currency on hand (in stock) in case the holder chooses to exercise his option.<br /><br />Currency Options can also be exercised at expiry or they can be sold back or sold on at any time during the duration of the transaction for fair value, which depends on the underlying currency price movements. Alternatively they can be physically delivered.<br /><br />Currency Options is more flexible than a traditional forward outright foreign exchange transaction and gives the holder several alternatives:<br /><br />• Whether, to exercise the option? <br />• When to exercise the option? <br />• How much to exercise? <br />• At what price to exercise?<br /><br />This is a very simple and concise explanation of what is OTC Currency Options.<br /><br /><br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-932118537714055922.post-27749272808353844842012-09-09T21:02:00.001-07:002012-09-09T21:02:17.156-07:00Consistently profitable online currency trading requires both confidence and disciplineThe Challenge<br /><br />Consistently profitable online currency trading requires both confidence and discipline to first achieve and then maintain a reasonable level of success. For virtually all traders, these two aspects of trading are responsible for their success or lack of it: having confidence as a trader, plus the discipline to stick to their orrex currency trading system.<br /><br />Most traders that struggle with their discipline do so for a very simple reason and this is something that can be very easily addressed and rather quickly.<br /><br />Ask any frustrated or struggling trader what their biggest problem is and it will boil down to a lack of confidence and / or discipline in one form or another. Traders who have both are the ones the that are doing fine and enjoying their trading.<br /><br />Even the veteran traders will tell you that the primary reason for any rough spells they have occasionally experienced were from when they had a lapse or breakdown in their confidence or their discipline, but once they got it back all was well.<br /><br />So how do you go about building these two emotional pillars for successful currency online trading? Or regaining them if they've waned?<br /><br />The 80/20 Solution<br /><br />One of the fastest and most effective ways to give yourself that boost is to intentionally create a disruption in the UNsuccessful pattern that has been established. Now this applies whether you've known success and temporarily lost it or if you haven't found it yet.<br /><br />The most powerful way to disrupt the pattern is through stepping back and making an assessment of your current day online trading. Now, this doesn't have to be a lengthy or monumental task. There are two parts to this process and it generally follows the 80/20 rule with which you're already familiar.<br /><br />Good news for you is that the first part is the 20% of your effort that will yield 80% of the results. Even better is the fact that you can do this within the next hour or two and see results that fast. Here's what you do:<br /><br />Step 1. Effort = 20%, Yield = 80%<br /><br />Step 1, part 1 is to take your recent trading results and run your metrics on your current trading. So which metrics are going to give you confidence and discipline-building information?<br /><br />• Your real winning percentage<br />• Your actual profit-to-loss ratio<br />• The true size of your average winner<br />• The true size of your average losing trades<br />• Your actual number of winning trades<br />• Your actual number of losing trades<br />• Your REAL ROI from your trading efforts in both time and $<br />• Your projected annual income from your trading – based on real numbers from your current trading<br /><br />So how does this help with your confidence if the numbers don’t look so great? Especially if you haven’t yet experienced a level of success that you desire?<br /><br />Well, very specifically these numbers give you a very clear reference point to work with regarding the factors in your trading that make the bottom line what it is. Rather than going on hope and wishful thinking, you now know the particular aspects of your trading on which to focus your efforts – a realize results. It brings a great deal of clarity to the exact direction for you to take.<br /><br />Just this simple step alone with give you a substantial boost, and part 2 will really bring about a transformation.<br /><br />Step 1 Part 2.<br /><br />In this part, you simply backtest your system (whatever it is) very specifically according to the rules of the system using recent historical market data for the markets you trade.<br /><br />You then run the metrics and compare the two. This information is incredibly powerful in two ways for building both your confidence and your discipline to stick with your system. Here’s how this works for you.<br /><br />By backtesting your system with historical data, this can give you a very clear measure of what your forex currency trading system is capable of delivering for you. If your current trading is not delivering the profits that you want, you need to knowif the problem is with the system or if it in your execution of the system.<br /><br />If your current trading results are comparable to the backtesting results, then you know immediately that you need to take a closer look at the system you’re using.<br /><br />If your backtest results are good, but your current results with your system are not, then you know that you need to focus on your execution.<br /><br />Most importantly, if your system doesn’t backtest well, then you know straightaway that you need to consider changes to the system you’re using, either a new system altogether or changes to the one you’ve got.<br /><br />Directly for confidence and discipline, if your system tests well, then your confidence in it should go way up, along with your discipline to stick to it – because you are providing PROOF to yourself of its capabilities and limitations and with real numbers.<br /><br />Plus you can see its limitations and more easily get through short losing streaks and drawdowns while maintaining confidence in your system, thus making the discipline part of sticking with it much easier.<br /><br />Step 2. The More Intensive Process<br /><br />If you have gone through the process in Step 1 and find that your system is good but your execution is where you need to focus and you need assistance working through other possible emotional management issues, then you need to seek out resources specifically for finding the core issues to address. Go to Inside Out Trading for resources specifically created to help you with these.<br /><br />In conclusion, confidence comes from thorough understanding and successful experience. Once you have a system in which you can have confidence, then the discipline to stick to it gets much much easier.<br /><br />Analyzing your current trading then backtesting your system can provide a great deal of confidence and thus make sticking to your system considerably easier by knowing the particulars of how it makes your bottom line what it is and what your system is capable of delivering.<br /><br /><br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-932118537714055922.post-43320601046221938542012-09-09T21:01:00.002-07:002012-09-09T21:01:18.368-07:00Online Currency Trading requires PatienceWhen the going gets tough, the tough get going. This adage often brings back the memories of my past days when I was trading initially in the currency exchange market. Indeed, there’s nothing more hurtful than losing your invested money in the FX market. But, online currency trading is like life where you’ve got to learn from your wrong moves and keep moving on. Learning the basic skills of online forex trading could be easy but, practically, one needs to acquire the advanced skills to play safe through thick and thin of FX trading.<br /><br />I have traded in forex for many years and, if you count on me, I must tell you that the secret of successful trading lies largely on the hunch and intuition of an trader. Technically expressed, you should have the accurate forex alerts and forex signals to be able to make the right moves in the currency market. However, this is easier said than done as the skills of the <a href="http://www.forex-science.com" target="_blank"> Currency Trading Signal</a> takes a long time to master. This is why while a few people are able to boost their forex pips in a short span of time, the others take a long time to achieve the same or maybe, some of them get frustrated and just give it up! The reality is that not many people are ready to be entirely devoted to the perilous process of online forex trading. <br /><br />Having said this, I still wonder why some people choose to be a dare-devil and risk their money instead of simply following an established and renowned <a href="http://www.forex-science.com/" target="_blank"> Account Forex Online Trading</a>. I began trading in 1997 and there is one important thing I have learnt in my trading career so far, i.e., you have to got to be patient to learn the tricks of making right moves at the right times and profit from your trading.<br /><br />Since I have led quite a successful career in forex trading, I have been sharing the tips and tricks of online currency trading with many traders around the world through my G7 Forex Trading System which as you know has remained pretty successful for many traders so far. My G7 Forex Trading System is an easy-to-follow, step-by-step trading manual offering in-depth online forex trading review.<br /><br />If you visit my site (www.forex-science.com) you will find many of my existing customers are pretty satisfied with the performance of their investments and in fact, most of them have been able to increase their forex pips drastically. You would be surprised to know quite a few of them haven’t traded for a long time! Now, this is what we call success in the forex trading, eh?<br /><br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-932118537714055922.post-55544357646887478362012-09-09T20:56:00.001-07:002012-09-09T20:56:29.872-07:00Online Currency Trading: Three Ways To Profit With Forex TradingOnline currency trading is an excellent way to make good money online. Suddenly what was once barriers is now a chance to become wealthy. And here is a business opportunity like never before. These three ways to profit with Forex trading will have you thinking.<br /><br />1.Develop a better trading system – each system can help make more profits. This is even more so when it is not connected to another system. Do ongoing research so that you find a new system that can make better projects. Sometimes a trading system will just stop working for whatever reason. You need to keep on top of this and dump out what ever isn’t working.<br /><br />2.Add more traders – each of your traders can only do so much work well. The trader will reach a point where there effectiveness is no longer of value. Let’s say your best trader trades 75 million dollars effectively but when he goes above that total he is no longer effective. The best thing to do is to add more traders. That is if you want to grow your business bigger.<br /><br />You can also optimize the traders that you have making them more effective at what they are doing for your trading business. Coaching is a great way to help them improve and sometimes a bonus incentive program will be very beneficial.<br /><br />3.Optimize your position by meeting all of the objectives that you have set out. You must start by clearly drawing out what those objectives are for the business. Too often this step is missed and it is quickly reflected on the profit margin.<br /><br />You also need to determine your R value on the distribution of each system. You need to know this in order to make the right changes. You must also simulate different algorithms so that you can decide from the many thousands of possibilities that will best meet your obligations. Finally you have to apply that algorithm that you choose to your system.<br /><br />Don’t expect to be able to pull off all three ways to profit with Forex trading at the same time. Sure it would be great if you can but don’t be too disappointed if you are unable to do so. After all it is all about the bottom line and you will want to get more efficient while at the same time not jeopardizing your income flow.<br /><br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-932118537714055922.post-72959021918780665882012-09-09T20:55:00.006-07:002012-09-09T20:55:52.162-07:00Online Currency Trading - Forex Trading StrategiesForeign Exchange Currency Trading<br /><br />Current monetary policy allows for free and open exchange of currencies at market rates for most US and European trading partners. In essence, by looking at the exchange rates, and by prognosticating on foreign and international news, foreign exchange traders are making gambles that currency valuations will change in the direction they're anticipating in the future.<br /><br />Where the gamble comes in is predicting the time frame. Billions of dollars are run through currency exchanges every day, trying to make money on changes in the market that come with 2 seconds of notice for a fraction of a percentage point – and if you're the sort of person who can handle that kind of job, you can make a LOT of money at it with properly honed instincts. <br /><br />A smaller scale foreign exchange currency trading strategy is to do positional buys. For example, right now the Euro is slightly lower than its historical average against the dollar. If oil prices rise, it's likely that the dollar will drop against the Euro, slightly. If you invested a thousand dollars into Euros at $1.20 per Euro, you'd have 833.33 Euros. If the Euro rose to $1.25 per, your 833.33 Euros would sell for 1040 dollars and some change. Five and six cent shifts in the dollar to Euro exchange rate can happen weekly; the trick is knowing how to play them, and to watch long term trends in addition to the short term bustle. One of the significant advantages of buying foreign exchange investments is that you're always guaranteed to have something left; it minimizes your risks of a catastrophic loss. It can also get you a rate of return of 5 or 6% in a month, as opposed to a year. Of course, it can also depreciate in value by 5 or 6% in a month as well…<br /><br />Spotting trends is what separates the good forex traders from the mediocre ones, though there are some tricks of the trade.<br /><br />The first, if performing a buy-and-hold strategy is to make sure that whatever currency you're buying is held in a mutual fund in its native currency exchange – this smoothes out any downturns in the exchange rate, and can become an added bonus when you compound the interest with the difference in the exchange rate when you're done. This does require a substantial initial investment – usually $5,000 to $10,000 or more.<br /><br />The second is the stop-loss order; in essence, this says "Stop the trade if the price changes outside of the following band". Given the automatic arbitrage systems, this is useful to minimize risks.<br /><br />In terms of trading volatility, you need to decide if you're going to be a day trader, or a position trader. If you're looking at making this a career, day trading is the way to go; it's very easy to make (and, alas, lose) fortunes doing rapid trading on the currency exchanges. You'll need to be well versed in the rules for individual exchanges, when they open and close (currency exchanges are mostly based out of London, and Singapore's exchange is important for the Asian market). You'll also want to keep well versed not just on financial news, but world events. Changes in oil prices, trade policies, union rules, even fashion trends, can foretell trends on how currency exchange rates will move. <br /><br />Position trading (as described above) is better for single investors working the markets for themselves.<br /><br />An important consideration on all foreign currency exchanges is to remember to buy low and sell high. Don't cling to investments for patriotic or sentimental reasons; that's the surest way to lose your shirt. It's also important to diversify – take your profits out of commodity and currency exchanges and put them aside in something more stable, to minimize your risks. Also, focus on multiple currencies, and look for currency exchange index funds, which tend to minimize the overall risks of this investment strategy.<br /><br /><br />Unknownnoreply@blogger.com0