A trader attempts to profit from buying or selling currencies by implementing Fundamental and Technical analysis to help decide which way a currency is likelyA trader attempts to profit from buying or selling currencies by implementing Fundamental and Technical analysis to help decide which way a currency is likely to move. Countries having secure governments and world renowned banks with robust economies and low inflation are the ones whose currencies are most favoured and are most commonly referred to as the ‘major currencies’. A trader can trade Japanese Yen, European Euro and British Pound in any combination as they are the most common currencies traded along with U.S. Dollar. These currency pairs are known to be the most liquid as well. One can also trade the Canadian, Australian and New Zealand Dollars as well as the Swiss Franc making for 19 total trading instruments when accounting for all the cross pairs. Other smaller world currencies are not offered as they are too illiquid and difficult to trade. to move.
Friday, June 26, 2009
. What is Forex?
The foreign exchange market is the world’s biggest financial market regularly experiencing daily transaction volumes in the trillions of dollars.
The foreign exchange market is the world’s biggest financial market regularly experiencing daily transaction volumes in the trillions of dollars. The world economy is made up of a complex balance between the eight major currencies. Depending on which currency we may favour or possess, each of us already automatically plays a role as investors in this mammoth global market.
The Forex market; as it is most commonly known, is a financial market which operates globally. Unlike the stock market, Forex is not located in a central location. Instead, trading occurs via electronic networks of banks, traders, speculators and financial institutions throughout the world. Forex is the most liquid financial market in the world and operates 24 hours a day. Trading occurs at all times of the day and night, beginning and ending with the open and close of each of the world’s major financial hubs’ daily trading sessions.
The Eight Major World Currencies are as follows:
| 1. Japanese Yen | 5. Swiss Franc |
Originally, Forex was restricted to major banks and financial institutions. However, with the development of technology and growing ubiquity of the internet as well as the attraction of high levels of leverage (which increases chances of profit as well as loss), Forex is now available to regular individual investors.
If you have access to a PC with an internet connection, participation in this dynamic and exciting global trading market is easy. It is possible for you to start your new account at Ideal World Forex with a low initial deposit of US$200.
If you are not sure or are unfamiliar with the foreign exchange market, you can also open a practice account for a test run. This does not involve any money or risk. All you have to do is to fill out a form and you will be given a username through which you will be able to download the award winning software MetaTrader 4.
Leverage of up to 200:1 is available
| Currency Trading, the biggest and most exciting market on earth, offers you countless opportunities! The Euro-US Dollar rate, for example, is constantly changing, usually in small, quick movements. Daily fluctuations around 1% are quite common. In Forex trading, when you invest with a 1:100 “leverage”, changes of, say, 1.2% turn to 120%, during a single day, even hours or minutes! You may profit unlimited amounts, but if the exchange rate moves against your favor, you lose not more than your initial investment. |
Forex is a 24 hour global market
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Forex is super liquid
Forex is super liquid
Currency Trading IS the biggest and most exciting market on earth!!!FOREX is the acronym for Foreign Exchange and the trading of multiple world currencies. It is the largest and most liquid financial market in the world with an estimated $3 trillion in currencies traded daily.
In Forex, you make money by buying and selling one currency against another. When one currency is going down, the other one has to be going up.
G C I financial
Free Demo Account
Receive a free demonstration version of our online trading software by submitting the form below. This software allows investors to trade and manage a demo account in real time over the internet. Since no money is actually at risk, this is an excellent way to evaluate our trading software and online execution.
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Live prices in Forex, shares, indices, and commodities. Just click on the price to place a trade.
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Easy-to-understand account statements, free real time Charts and News accessible from both Demo and Live accounts.
- Instructions and your demo password will be sent to your e-mail address immediately. Demo accounts are valid for 30 days.
USA Forex
USA Forex
Froxe United States
The following data have been gathered by Capgemini and are part of the World Retail Banking Report published annually in March.
Macro economic indicators (2006)
| GDP at current prices | $13,225 billion |
| Inhabitants | 299.7 million |
| GDP per head | $44,071 |
| Economic growth rate | +3.3% |
| Consumer confidence indicator | 99.6 |
| Unemployment rate | 4.7% |
| Consumer Price Index | 4.0% |
| Banking Importance | 20.8% |
| Number of branches | 92,000 |
| Number of ATMs | 420,000 |
| Households savings ratio | 0.5% |
| Inflation rate | +3.2% |
| Interest rate, consumer credit | 13.21% |
| Interest rate, residential | 6.22% |
| Number of credit cards | 1,46 billion |
Type and size of players
Total Banking Income and Cost/Income Ratio
(Operating Expenses/Total Banking Income)
Products
Total Deposits in US$ (31.12.2006 )
Trends
Customer Experience
• Banks are beginning to design products that cross customer silos:
- Customers in the past have had varying experiences and disparities in service quality across channels (branch, phone, internet) and across products (mortgage, etc.)
- Banks are beginning to improve and align processes like product applications and cross-selling
• Interactive products are increasing as customers become more comfortable using the internet:
- Banks expected to offer new products geared towards online self-service interactions
• Branch locations are increasing in number and being renovated:
- Self-service channels (ATM, phone, internet) are not effective for customer acquisition and cross-selling
- Branch locations are to be used as sales platforms by leveraging retail practices such as product displays, merchandising and layouts (demographic targeting)
Marketing / Target Products
• Faced with strong competition, banks are becoming more proactive with their marketing initiatives:
- Customer acquisition strategies being replaced by efforts to cross-sell products and services with marketing campaigns around specific customer interactions
• Continued investment in non-core product offerings:
- In redefining their marketing strategies, banks remain attracted to products traditionally offered by Financial Services companies
• Competition with Financial Services firms for retirement assets:
- Banks are marketing 401K programs to corporations in order to gain access to their employees in expectation of cross-selling other products and services
M&A Overload
• Recent acquisitions have resulted in some large banks having huge asset totals that must be earning returns for investors:
- Heated competition and sophistication in targeting loan offers to consumers
Saturday, June 13, 2009
Rs2.482 trillion Federal Budget presented in NA
State Minister for Finance and Economic Affairs Hina Rabbani Khar presented the Federal Budget 2009-10 in which 15 percent raise has been announced in the salaries and pension of in-service and retired government employees.
The target of GDP for the next fiscal year has been fixed at 3.3 percent while measures will be adopted for bringing the inflation rate below 10 percent.
The State Minister said the total allocation for Public Sector Development Program (PSDP) has been made at Rs646 billion; Rs 343 billion for Defence Rs31.60 billion for education sector and; Rs6.5 billion for health.
The allocation for Benazir Income Support Program has been raised to Rs70 billion which will be distributed among 5 million deserving people. Rs50 billion have been earmarked for the relief and rehabilitation of affectees of Malakand Division.
In order to impart training to the youth under National Internship Program Rs3.60 billion have been allocated. Under the program 30,000 youth will be provided professional training in their respective fields.
The target for tax revenue collection has been raised by 15.7 percent to 1.3775 trillion while the rest of the expenditure will be met through foreign loans and grants.
Rs178 billion are expected to be received through Friends of Pakistan Consortium.
The fiscal deficit is expected at 4.9 percent for the next fiscal year.
Increase in the allowance has been announced for the armed forces deployed on the western front. This allowance will be equal to one month’s initial basic pay with effect from 1st July 2009, as announced by the President of Pakistan.
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| 1 | Crore (1,00,00,000) | 100 | Lakhs | |
| 1 | Lakh (1,00,000) | 0.01 | Crores | |
| 1 | Million (1,000,000) | 0.1 | Crores | |
| 1 | Crore (1,00,00,000) | 10 | Million | |
| 1 | Billion (1,000,000,000) | 100 | Crores | |
| 1 | Crore (1,00,00,000) | 0.01 | Billion |
