The forex industry has seen the entry of many traders with limited capital.Traders who are comparatively new to the online forex trading business are also able to sustain the risks involved.The traders were exposed to the world of currency trading with not that high a risk with the development of Mini forex trading accounts that requires a minimum account size of $300. Also, the mini forex trading account holders can trade 1/10 currency lots instead of the entire currency lots. With smaller lot sizes, the traders are exposed to real life trading with comparitively lesser market and risk exposure because,the value of one mini pip is the same as one dollar.
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Monday, December 31, 2007
Monday, December 24, 2007
Are you new to Forex market, want to experience Forex trading at low risk ? or want to make money by Forex, but have no enough capital to open a standard account. If so, the mini Forex account will be a good solution for you.
Most of the small Forex trading platform open your account with $250. But it is still mean high risk for the beginner. You may lost your money within hours. So what you need is to open account with money far less than $250. The top two Forex broker below can meet your requirement.
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Most of the small Forex trading platform open your account with $250. But it is still mean high risk for the beginner. You may lost your money within hours. So what you need is to open account with money far less than $250. The top two Forex broker below can meet your requirement.
Monday, December 17, 2007
Forex trading is the new way to make money through online currency trading. With a worldwide market and over 60 currencies for you to trade there has never been an easier way to make money online. Forex trading until recently was reserved for banks and other large financial industries but thanks to the power of the internet and online currency trading, forex has now become feasible for everyday people. The forex market has become the largest trading market in the world and each day there is an estimated turnover of over $1.5 trillion dollars. Another added bonus is that forex trading is available 24 hours a day, 5 days a week unlike most other markets that operate on an 8 hour day. This means that people wishing to trade forex can do so at any given time.
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Monday, December 10, 2007
Foreign Exchange Market
The foreign exchange (currency or forex or FX) market exists wherever one currency is traded for another. It is by far the largest financial market in the world, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions. The average daily trade in the global forex and related markets currently is over US$ 3 trillion.Retail traders (individuals) are a small fraction of this market and may only participate indirectly through brokers or banks, and are subject to forex scams. Average daily global turnover in traditional foreign exchange market transactions totaled $2.7 trillion in April 2006 according to IFSL estimates based on semi-annual London, New York, Tokyo and Singapore Foreign Exchange Committee data. Overall turnover, including non-traditional foreign exchange derivatives and products traded on exchanges, averaged around $2.9 trillion a day. This was more than ten times the size of the combined daily turnover on all the world’s equity markets. Foreign exchange trading increased by 38% between April 2005 and April 2006 and has more than doubled since 2001. This is largely due to the growing importance of foreign exchange as an asset class and an increase in fund management assets, particularly of hedge funds and pension funds. The diverse selection of execution venues such as internet trading platforms has also made it easier for retail traders to trade in the foreign exchange market.
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Friday, November 23, 2007
Germany Cuts Unemployment Insurance Contributions
FRANKFURT -(Dow Jones)- German Chancellor Angela Merkel announced Saturday a further cut in workers' unemployment insurance contributions, thanks to the robust economy, to help small and medium-sized companies. "We are going to cut costs weighing on workers more by lowering unemployment contributions to 3.5%" of their salaries from 4.2% currently, Merkel said in an Internet podcast on Saturday. A cut to 3.9% from Jan. 1 was approved by the government in September, but the Social Democrats, coalition partners to Merkel's Christian Democrats, had pressed for 3.5%. Employers as well as employees contribute a proportion of salaries towards unemployment insurance, and lowering this and other non-wage costs for firms will allow small and medium-sized enterprises, or SMEs, "to continue to be the backbone of our economy," Merkel said. The announcement came ahead of a special SME conference Tuesday at which the conservative chancellor was due to give a speech. SMEs account for 40% of German companies' total turnover but make up 99.7% of the country's firms and employ 70% of its workforce, Merkel said. The announcement comes amid other signs of a robust finances in Germany's economy, Europe's largest, with its public health insurance, pensions and unemployment agencies returning to the black last year and the jobless rate falling last month to its lowest level since 1993.
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Crude oil prices too low - Iran
TEHRAN (Thomson Financial) - Iran, OPEC's number-two exporter, hit out Saturday at the recent hike in oil prices, saying real prices were far lower than the 90-dollar-a-barrel level of last week.
"Oil is still cheap," acting Oil Minister Gholam Hossein Nozari said in an interview with the Iran newspaper.
"The sweet taste of oil is not tangible because it is very far from the range that is expected by us (Iran and OPEC)," Nozari said.
Nozari argued that calculations based on current inflation rates and depreciation of the dollar's value as well as high costs of oil and gas projects puts oil's true price at less than 50 dollars a barrel.
"Today's prices even at the level of 90 dollars a barrel (in the market) are not effective because the real price of oil is currently about 47 dollars per barrel (as profit)," he said.
Nozari also said political issues were casting a "shadow of threat" on the flow of investment into the oil-producing countries, especially Iraq, Nigeria and Venezuela.
"If the owners of financial sources do not make a meaningful investment in the oil-rich countries, oil prices will be uncontrollable in the near future," he warned.
Oil prices ended lower Friday after striking a record high above 90 dollars in New York amid global supply jitters and lingering tensions between Turkey and crude producer Iraq.
New York's key oil futures contract, light sweet crude for delivery in November, closed down 87 cents at 88.60 dollars a barrel. But the contract had earlier surged to a record 90.07 dollars. That beat the previous high of 90.02 dollars set late Thursday.
In London, Brent North Sea crude for December delivery settled 81 cents lower at 83.79 dollars after hitting a record 84.88 dollars on Thursday
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"Oil is still cheap," acting Oil Minister Gholam Hossein Nozari said in an interview with the Iran newspaper.
"The sweet taste of oil is not tangible because it is very far from the range that is expected by us (Iran and OPEC)," Nozari said.
Nozari argued that calculations based on current inflation rates and depreciation of the dollar's value as well as high costs of oil and gas projects puts oil's true price at less than 50 dollars a barrel.
"Today's prices even at the level of 90 dollars a barrel (in the market) are not effective because the real price of oil is currently about 47 dollars per barrel (as profit)," he said.
Nozari also said political issues were casting a "shadow of threat" on the flow of investment into the oil-producing countries, especially Iraq, Nigeria and Venezuela.
"If the owners of financial sources do not make a meaningful investment in the oil-rich countries, oil prices will be uncontrollable in the near future," he warned.
Oil prices ended lower Friday after striking a record high above 90 dollars in New York amid global supply jitters and lingering tensions between Turkey and crude producer Iraq.
New York's key oil futures contract, light sweet crude for delivery in November, closed down 87 cents at 88.60 dollars a barrel. But the contract had earlier surged to a record 90.07 dollars. That beat the previous high of 90.02 dollars set late Thursday.
In London, Brent North Sea crude for December delivery settled 81 cents lower at 83.79 dollars after hitting a record 84.88 dollars on Thursday
Mexico's Peso Ends Stronger At 10.7140/Dlr On US Rate Hopes
BEIJING (XFN-ASIA) - Shang Fulin, chairman of the China Securities Regulatory Commission (CSRC), said yesterday that the country has basically completed system and technical preparations for the launch of its first stock index futures, according to the official Xinhua news agency.
"The commission would continue the final preparations before officially introducing the stock index futures," Xinhua quoted Shang as telling the 2007 China Financial Derivatives Conference held in Beijing.
The country's new regulations on futures trading came into effect in April, extending its coverage from commodities futures trading to financial futures and option contract trading.
Shang said the commission will continue to provide training and risk-control education for institutional investors and managers that are interested in stock index futures.
The country's futures market, comprising of the Shanghai Futures Exchange, Dalian Commodity Exchange, Zhengzhou Commodity Exchange and China Financial Futures Exchange, turned over a record 21 trln yuan last year, according to Xinhua.
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"The commission would continue the final preparations before officially introducing the stock index futures," Xinhua quoted Shang as telling the 2007 China Financial Derivatives Conference held in Beijing.
The country's new regulations on futures trading came into effect in April, extending its coverage from commodities futures trading to financial futures and option contract trading.
Shang said the commission will continue to provide training and risk-control education for institutional investors and managers that are interested in stock index futures.
The country's futures market, comprising of the Shanghai Futures Exchange, Dalian Commodity Exchange, Zhengzhou Commodity Exchange and China Financial Futures Exchange, turned over a record 21 trln yuan last year, according to Xinhua.
Treasurys rally again on credit fears
NEW YORK (AP) - Treasury prices rallied Friday on worries that global banks will take more massive writedowns for their exposure to shaky credit markets.
The credit markets have been in a perilous state since August; souring home loans made to borrowers with weak credit are creating havoc for the banks and investors who carry securities backed by the bad mortgages. Although this has caused investors to shun many types of corporate bonds, it also has sparked numerous rallies for Treasurys and some other types of government-backed debt.
"Unless you are trading Treasurys, spreads have been widened on your fixed-income investments," said Kevin Giddis, managing director of fixed-income at Morgan Keegan & Co.
A spread represents the distance between the yield on a corporate bond and the yield of a government note of comparable maturity. Wider spreads speak to investor uneasiness, while tighter spreads are an indication of confidence.
The benchmark 10-year Treasury note rose 13/32 to 100 1/32 with a yield of 4.25 percent, down from 4.28 percent in late trade Thursday.
The 30-year note advanced 19/32 to 105 27/32 with a yield of 4.64 percent, down from 4.66 percent.
The 2-year note gained 7/32 to 100 12/32 with a yield of 3.42 percent, down from 3.48 percent.
Risk aversion plays were back in force on Friday, causing heavy losses for stocks and new gains for Treasurys, after Wachovia Corp. revealed it may take a $1.1 billion writedown for October alone. The writedown would account for the declining value of securities backed by risky collateral. Wachovia also sharply increased its loan loss provisions.
Barclays PLC has denied rumors it soon will take a $10 billion writedown for bad credit. But in the current environment even denied rumors are exerting influence.
And in Japan the Nikkei newspaper reported that Mizuho Financial Group Inc.'s Mizuho Securities Co. is being hit by large subprime losses.
All these reports follow news that Citigroup Inc. may write down an additional $11 billion for its subprime-related losses. Merrill Lynch & Co. Inc. has written down $8.4 billion and Morgan Stanley has taken a $3.7 billion writedown for similar losses.
The University of Michigan's consumer sentiment survey's preliminary reading for November Friday showed a decline to 75.0 from 80.9 in October. The result was below economists' estimates. Consumers have been one of the engines of the economy and if their spending slows significantly the overall economy will suffer too.
However, Action Economics said on its Web site that "the bond market shrugged off University of Michigan sentiment weakness, which merely added one more bleak fact to the market maelstrom."
Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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The credit markets have been in a perilous state since August; souring home loans made to borrowers with weak credit are creating havoc for the banks and investors who carry securities backed by the bad mortgages. Although this has caused investors to shun many types of corporate bonds, it also has sparked numerous rallies for Treasurys and some other types of government-backed debt.
"Unless you are trading Treasurys, spreads have been widened on your fixed-income investments," said Kevin Giddis, managing director of fixed-income at Morgan Keegan & Co.
A spread represents the distance between the yield on a corporate bond and the yield of a government note of comparable maturity. Wider spreads speak to investor uneasiness, while tighter spreads are an indication of confidence.
The benchmark 10-year Treasury note rose 13/32 to 100 1/32 with a yield of 4.25 percent, down from 4.28 percent in late trade Thursday.
The 30-year note advanced 19/32 to 105 27/32 with a yield of 4.64 percent, down from 4.66 percent.
The 2-year note gained 7/32 to 100 12/32 with a yield of 3.42 percent, down from 3.48 percent.
Risk aversion plays were back in force on Friday, causing heavy losses for stocks and new gains for Treasurys, after Wachovia Corp. revealed it may take a $1.1 billion writedown for October alone. The writedown would account for the declining value of securities backed by risky collateral. Wachovia also sharply increased its loan loss provisions.
Barclays PLC has denied rumors it soon will take a $10 billion writedown for bad credit. But in the current environment even denied rumors are exerting influence.
And in Japan the Nikkei newspaper reported that Mizuho Financial Group Inc.'s Mizuho Securities Co. is being hit by large subprime losses.
All these reports follow news that Citigroup Inc. may write down an additional $11 billion for its subprime-related losses. Merrill Lynch & Co. Inc. has written down $8.4 billion and Morgan Stanley has taken a $3.7 billion writedown for similar losses.
The University of Michigan's consumer sentiment survey's preliminary reading for November Friday showed a decline to 75.0 from 80.9 in October. The result was below economists' estimates. Consumers have been one of the engines of the economy and if their spending slows significantly the overall economy will suffer too.
However, Action Economics said on its Web site that "the bond market shrugged off University of Michigan sentiment weakness, which merely added one more bleak fact to the market maelstrom."
Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Cash Master Horse Racing System Review
Cash-Master is a piece of horse betting software that was developed by Graham Laurie in 2004 It is guaranteed to make you a tax free income garnered from online bookmakers. It works well with online sites such as Ladbrokes, Coral and William Hill.
One thing to realize about this program is that it is not designed to leverage bets or spread your winnings out by making money on placed bets. It is about advising exactly how much you should place on a single bet at a time in order to profit – even if the previous bet won or lost.
However you are not limited to using this brilliantly conceived and user-friendly program in the United Kingdom. You can type any perimeters from any bookmaker’s site in the world on it. As long as you are able to access the necessary information via the Internet that is pertinent to you the Cash-Master program will work for you.
You can choose when and where to bet and you don't have to restrict yourself to just local racing. You can bet on any race worldwide as long as you can access the specific information necessary for the software to work.
This Clickbank product is also very easy to download. It runs in Windows and is fuss free. You also don’t need to know much about the Internet or even horse betting for that matter. Using this program is a great way to introduce yourself to single horse online betting without the complication of dealing with things like betting exchanges. Every aspect of betting can be done online and even better you don’t have to deal with bookies or noisy and crowded race courses. Using this software to place your bets is also a good idea if you are the type of person who likes to gamble but prefers others don’t know. As all of the gambling is done online nobody need discern that you are betting on horses as the program is designed to be very discreet and quick and easy to use.
The other great thing about using Cash-Master is you do not need a big investment to make some money. Many people start off with a betting bank of just £50. However like most betting endeavors how much you make really does depend on how much you bet and how discerning you are with regards to how you enter your defining perimeters into the software program. Cash-Master is definitely one of those programs that can “hedge your bets” for you but its calculation are only as good as the information that is entered into to it by you.
If you are skeptical about this type of software or scared of losing money, the nice thing about it is that you can use it in ‘practice mode’ which allows you to paper trade rather than with real money. You don’t have to risk a penny to try it. In fact, the developer Graham Laurie says he will refund your money but let you keep the software and bonuses if the Cash-Master program does not work for you.
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One thing to realize about this program is that it is not designed to leverage bets or spread your winnings out by making money on placed bets. It is about advising exactly how much you should place on a single bet at a time in order to profit – even if the previous bet won or lost.
However you are not limited to using this brilliantly conceived and user-friendly program in the United Kingdom. You can type any perimeters from any bookmaker’s site in the world on it. As long as you are able to access the necessary information via the Internet that is pertinent to you the Cash-Master program will work for you.
You can choose when and where to bet and you don't have to restrict yourself to just local racing. You can bet on any race worldwide as long as you can access the specific information necessary for the software to work.
This Clickbank product is also very easy to download. It runs in Windows and is fuss free. You also don’t need to know much about the Internet or even horse betting for that matter. Using this program is a great way to introduce yourself to single horse online betting without the complication of dealing with things like betting exchanges. Every aspect of betting can be done online and even better you don’t have to deal with bookies or noisy and crowded race courses. Using this software to place your bets is also a good idea if you are the type of person who likes to gamble but prefers others don’t know. As all of the gambling is done online nobody need discern that you are betting on horses as the program is designed to be very discreet and quick and easy to use.
The other great thing about using Cash-Master is you do not need a big investment to make some money. Many people start off with a betting bank of just £50. However like most betting endeavors how much you make really does depend on how much you bet and how discerning you are with regards to how you enter your defining perimeters into the software program. Cash-Master is definitely one of those programs that can “hedge your bets” for you but its calculation are only as good as the information that is entered into to it by you.
If you are skeptical about this type of software or scared of losing money, the nice thing about it is that you can use it in ‘practice mode’ which allows you to paper trade rather than with real money. You don’t have to risk a penny to try it. In fact, the developer Graham Laurie says he will refund your money but let you keep the software and bonuses if the Cash-Master program does not work for you.