Despite what many might think, runescape easter event 2009 is well known across hundreds of nations all over the world. I've been doing a lot of following of RuneScape lately. I used to play it but have not done so in a while. And there is going to be an Easter event on RuneScape sometime this weekend. Here are what they are saying on RuneScape community.
Sabtu, 25 April 2009
Runescape easter event 2009
Despite what many might think, runescape easter event 2009 is well known across hundreds of nations all over the world. I've been doing a lot of following of RuneScape lately. I used to play it but have not done so in a while. And there is going to be an Easter event on RuneScape sometime this weekend. Here are what they are saying on RuneScape community.
LiteForex
Why Choose LiteForex
Straighthold Investment Group provides Forex traders with excellent working conditions on the Forex Market. The main aim of the LiteForex project is to meet the needs of entry level traders and to help them ease their way to professionalism and success in Forex trading. Our trading terms and conditions suit Forex professionals as well. All these details make us feel that the LiteForex project is really universal and unique.
Below, please find a list of the 12 major advantages of collaborating with our company:
START FOREX TRADING WITH JUST $1
The LiteForex project offers you the unique opportunity to enter the Forex market with just ONE DOLLAR. All transactions on LITE group accounts are effected in US cents, so you can trade by 0.1 lots with margin rates of 1 % at a leverage of 1:100 or with margin rates of 0.5 % at a leverage of 1:200.
COMMISSION-FREE FOREX TRADING
Straighthold Investment Group allows you to make currency transactions on the Forex market with minimal expense - you pay no commissions, just spreads.
INTEREST INCOME
We also pay competitive interest income on the balance amount not invited in trading on a monthly basis.
UNBEATABLE FIXED BID/ASK SPREADS
We offer unbeatable fixed spreads starting from 3 points. So, constant spread size doesn’t depend on market activity.
INSTANT EXECUTION
For placing trade orders we employ Instant Execution technology. In this case on-line traders don’t need to request quotes before entering the Forex market. They just open and close positions at the price they see on the monitor.
NO DEALING DESK
The technology of auto-hedging helps to almost completely eliminate the need for a dealer in transactions. All orders are automatically executed. Besides, the processes of account crediting and debiting are highly automated and use the most popular electronic payment systems.
WIDE VARIETY OF ACCOUNT TYPES
LiteForex offers traders a choice of trading accounts that correspond to their Forex trading strategy and financial skills.
-
MINILite™ is an account for Forex beginners with a minimal deposit of USD 1.00. This account lets the Forex trader make transactions by a lot size of from 0.1 (10,000 points of a basing currency) to 10.0 (1,000,000 points of a basing currency), with 0.1-point increments;
-
100KLite™ is an account for Forex beginners with a minimal deposit of USD 50.00. This account lets the Forex trader make transactions by lot sizes of from 1.0 (100,000 points of a basing currency) to 100 (10,000,000 points of a basing currency), with 1.0-point increments;
-
MINIForex is an account for Forex professionals with a minimal deposit of USD 300.00. This account lets the Forex trader make transactions by lot sizes of from 10 (1,000,000 points of a basing currency) to 1,000 (100,000,000 points of a basing currency), with 10-point increments;
-
100KForex is an account for Forex professionals with a minimal deposit of USD 2,000.00. This account lets the Forex trader make transactions by a lot sizes of from 100 (10,000,000 points of a basing currency) to 10,000 (1,000,000,000 points of a basing currency), with 100-point increments;
How to Trade FOREX Like a Professional?
Making money from trading “forex” trading requires skill, strategy, spare money and nerves of steel. Why? Because of the shear volatility in the market. Simply put, there are just too many unpredictable variables and any one of them could affect the position of a chosen trade. It is not all doom and gloom. Anyone can make money provided he/she uses his/her head and not their heart. In addition to that, they must follow and adhere to a some simple rules. An example of a simple rule which one particular trader followed was “ I come into the market to make $500 per day. And, as soon as I have made my $500 my work for the day is done ”. He goes home. Don’t be greedy. Always, have a clear head.
Here are the tools and techniques to help you trade:-
1)Learn to read the charts and understand the implications of currency movements. Charts give you an invaluable insight into any given trade, its history and some indication of its future movement. For example, if the charts show an upward trend of 2% per day for the past 5 days. That is a good signal. (Sharescope for a fee will give you access to a tool and data which you can analyse and play with)
2)At what point should you take a position? Normal rule of thumb is when the trade has moved higher than the previous high. Or lower than the previous low. Fifty two week high is also good indicator for a position. Conversely, 52 week low is good indicator. How can I learn about charts? That is very simply. Read a book by Martin Pringle. Martin explains charting to you using videos so nothing is left to chance.
3)Taking a position means betting on the trade movement either up or down. If you take the view that the trade is going to go up then buy a 50 pence per point movement. What if the trade goes against me? Yes that is likely and can happen to anyone in the market. To prevent incurring big losses put a stop loss point some 10 or 15 points below the price of your trade. Say $/Euro is your trade; price of your trade is 1234 for the sake of illustration. Then your stop loss point will be 1219 meaning at point 1219 you will be taken out of the market and you will have lost £7.50 in total as opposed to unlimited loss. If, on the other hand, market follows your prediction and moves up 300 points; you will have made £150. You can bank that money by moving the stop loss point 15 points below the new position.
I am still very confused? Trading requires an understanding of the market, the charts and tools. Some tools are internet based so being familiar with the internet is a must. In order to really understanding trading, ones needs to go on a training course for weekend.
The other option is to learn by trial and error. All the spread betting companies offer you a free trading trial run with an imaginary account. What happens in practice is a make believe account with say $100,000 for you to play with? You go and try your luck until you have either made a decision to open a real account or you have spent all the money but did not make any progress. The other advantage of opening a real account is that you have access to a big learning resource consisting of audio and video presentations by experts of courses etc.
Finally, trading like a professional is not being glued to the screen but enjoying the experience. Therefore, the tips and words of wisdom from professionals are trade medium term trades as opposed to day trades. Last but not least, Market Wizard is a great book to read because all the traders: rich and poor, are interviewed for you to refer to and learn from. Good luck.
FOREX Trading Philosophy
There are two common mistakes that many beginner traders make – trading without a strategy and letting emotions rule their decisions. After opening a FOREX account it may be tempting to dive right in and start trading. Watching the movements of EUR/USD for example, you may feel that you are letting an opportunity pass you by if you don't enter the market immediately. You buy and watch the market move against you. You panic and sell, only to see the market recover.
This kind of undisciplined approach to FOREX is guaranteed to lose you money, and have you waste your time. FOREX traders need to have a rational trading strategy and not allow emotions to rule their trading decisions.
The two emotions prevalent in the above example is greed (entering the market immediately) and fear (selling when the market temporarily moves against you). Investing and these two emotions do not gel at all. Keep them out of your trading and you will see results.
To make rational trading decisions the FOREX trader must be well-educated in market movements. He must be able to apply technical studies to charts and plot out entry and exit points. He must take advantage of the various types of orders to minimize his risk and maximize his profit.
The first step in becoming a successful FOREX trader is to understand the market and the forces behind it. Who trades FOREX and why? Who is successful and why are they successful? This knowledge will allow you to identify successful trading strategies and use them as models for your own.
There are 5 major groups of investors who participate in FOREX – Governments, Banks, Corporations, Investment Funds, and traders. Each group has varying objectives, but the one thing that all the groups (except traders) have in common is external control. Every organization has rules and guidelines for trading currencies and can be held accountable for their trading decisions. Individual traders, on the other hand, are accountable only to themselves.
If you do not keep yourself in check, nobody else will. Why should they worry if you aimlessly waste your money?
This means that the trader who lacks rules and guidelines is playing a losing game. Large organizations and educated traders approach the FOREX with strategies, and if you hope to succeed as a FOREX trader you must play by the same rules. That is studying these strategies and rules before starting to trade is so important.
FOREX Trading Philosophy - Money Management
Money management is part and parcel of any trading strategy. Besides knowing which currencies to trade and recognizing entry and exit signals, the successful trader has to manage his resources and integrate money management into his trading plan. Position size, margin, recent profits and losses, and contingency plans all need to be considered before entering the market.
This may sound like Greek now! If it does, you have more reason to get to know these terms. Knowledge will empower you on any investment market, including FOREX.
There are various strategies for approaching money management. Many of them rely on the calculation of core equity. Core equity is your starting balance minus the money used in open positions. If the starting balance is $10,000 and you have $1000 in open positions your core equity is $9000.
When entering a position try to limit risk to 1% to 3% of each trade. This means that if you are trading a standard FOREX lot of $100,000 you should limit your risk to $1000 to $3000 – preferably $1000. You do this by placing a stop loss order 100 pips (when 1 pip = $10) above or below your entry position.
As your core equity rises or falls you can adjust the dollar amount of your risk. With a starting balance of $10,000 and one open position your core equity is $9000. If you wish to add a second open position, your core equity would fall to $8000 and you should limit your risk to $900. Risk in a third position should be limited to $800.
By the same principal you can also raise your risk level as your core equity rises. If you have been trading successfully and made a $5000 profit, your core equity is now $15,000. You could raise your risk to $1500 per transaction. Alternatively, you could risk more from the profit than from the original starting balance. Some traders may risk up to 5% against their realized profits ($5,000 on a $100,000 lot) for greater profit potential.
As you can see, the novice needs to get through quite a bit of education, understanding and planning before those 'risk-free' trading, 'high returns' and 'low investment' promises will come into play. What are you waiting for? Get yourself a decent FOREX Trading Education. If you need more information, feel free to visit http://www.investing-smarter.com.
Dries Cronje has a BSc (Actuarial Science) degree and is currently studying to be an actuary. He has worked as an ACtuarial Consultant for almost five years.
Getting Started In Forex Trading
You may have been hearing about the foreign exchange market (FOREX) and the investment advantages it offers. You would like to try it out, but don't know where to start. This short guide will give you the basics in FOREX and tell you what you need to participate in this fast growing field.
Foreign exchange used to be limited to large players such as national banks and multi-national corporations. In the 1980's the rules were revised to allow smaller investors to participate using margin accounts. Margin accounts are the reason why FOREX trading has become so popular. With a 100:1 margin account, you can control $100,000 with a $1,000 investment.
FOREX is not simple, however, and education is needed to make wise investment decisions. Although it is relatively easy to start trading on the FOREX, there are risks involved, so finding out as much as possible about the market is a good move for any beginner.
FOREX traders usually require a broker to handle transactions. Most brokers are reputable and are associated with large financial institutions such as banks. A reputable broker will be registered as a Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC) as protection against fraud and abusive trade practices.
Opening a FOREX account is as simple as filling out a form and providing the necessary ID. The form will include a margin agreement that states that the broker can interfere with any trade it deems to be too risky. This is to protect the interests of the broker – most trades, after all, are done using the broker's money. Once your account has been established, you can fund it and begin trading.
Many brokers have different types of accounts to suit the needs of individual investors. Mini accounts allow you to get involved in FOREX trading for as little as $250, while standard accounts may have a minimum deposit of $1000 to $2500 depending on the broker. The amount of leverage – using borrowed money – varies with accounts. High leverage gives you more money to trade for a given investment.
HOWEVER – beginner traders are advised get accustomed to FOREX by doing paper trades for a period of time. Paper trades are practice transactions that don't involve real capital. They allow you to see how the system works while learning how to use the various software tools that are at provided by most FOREX brokers.
Most online brokers have demo accounts that allow you to make free paper trades for up to 30 days. Every new FOREX investor is strongly advised to use these demo accounts at least until they are showing consistently steady profits.
Each broker has their own set of software tools to aid in making transactions, but there are a few tools that are common to all FOREX brokers. Real time quotes, news feeds, technical analyses and charts, and profit and loss analyses are some of the features you should expect to see on most online brokers' web sites.
Almost every broker operates on the Internet. To access their online services you should have a reasonably modern computer, a fast Internet connection, and an up-to-date operating system such as Windows XP. Once your account is set up, you can access it from any computer – just enter your account name and password. If for some reason you are not able get access to a computer, most brokers will allow you to make trades over the phone.
Trades are commission free, meaning that you can make many trades in one day without worrying about incurring high brokerage fees. Brokers make their money on the 'spread' – the difference between bid and ask prices.
Online Forex
Q1: When you consider that the foreign exchange market has become the world's largest financial market, with over $1.5 trillion USD traded daily, where does it go from here?
A1:The FX market is unique, in the UK there is no central exchange, we trade via the inter bank market. With more and more private individuals taking up margin trading and new forex brokers setting up, I can only see the market grow in the near future.
Q2: Other than great liquidity, what are the principal benefits attached to the forex market?
A2: There is less to consider when trading the forex markets, there are only a number of variables that affect the pricing.
Main advantages include
Forex Market allows 24 hour trading
Greater leverage - with most brokers offering 100 – 1,
Less starting capital required,
More Liquidity - day trading has to have enough volume to make it worth our while. The currency market is more liquid than all the world stock markets put together. Currencies are always in action,
Free trading systems
Better for shorting - There are artificial controls built into the market to prevent it from going down too fast. The reason is that we live in a biased world that likes to see things go up instead of down. One of these artificial contraptions is the "uptick rule," which comes into play when shorting stocks, making it more difficult to sell a stock short than to buy it. This is unheard of in the currency market. Selling currencies short while day trading is just as easy as buying them.
Ideal for Short Term Traders -
Q3: Limited market access, liquidity issues-after market hours, commission fees, capital requirements and short selling/stop restrictions are just some of the issues investors face when considering other markets. Given that the forex market removes many of these traditional barriers and therefore does not restrict the forex traders' ability to make a trade at the right time, are we likely to see an increase in trading volumes this year?
A3: With all these advantages, traders are finding it hard not to trade currencies, online trading volumes across all products is increasing at a substantial rate, however FX trading, predominantly amongst retail investors is becoming very popular.
Q4: There is stiff competition amongst online forex service providers for retail forex traders with some claiming to offer the same degree of technical analysis enjoyed by the world's largest banks and institutional traders. Is this possible?
A4: Technical Analysis has come a long way, more and more forex provides now have partnerships with firms who provide analysis. However the banks still have an advantage, the markets are still not under perfectly competitive economic model. The banks will always have access to information that is not readily available, ISX FX currently sources its information from a number of banks to fill this gap.
Q5: Do you subscribe to the theory that forex is less volatile than stocks because the market is much deeper?
A5: As a bet on the direction of a national economy, no currency has ever dropped 25 percent in a day, or imploded as rapidly and completely as an Enron or a Parmalat. In the wake of those scandals, many companies are meting out information more cautiously, making it harder to get the real "scoop" on stocks one problem of trading with too-high leverage is that one piece of surprise news can wipe out one's capital. If you treat forex trading like a business, including proper money management, you have a better chance of success."
Q6: U.S. interest rates-decade lows; global trade wars and terrorism fears have dominated the headlines recently. What impact has this had on retail volumes?
A6: The above factors have all led to a decline in the dollar. This coupled with tighter regulation of brokers has given investors more confidence in brokers. Also the stock market crash has driven individuals to look at the profit opportunities offered by forex.
Q7: Stateside the Commodity Futures Trading Commission (CFTC) has brought 58 actions against firms, since its new powers were awarded in 2000. Given that certain brokers continue to abuse the system, with investor money sometimes not being traded in the markets promised. What can investors do protect themselves?
A7: The retail forex market is in essence betting, as with any bookmaker there is always a risk that you will not get your winnings, or the odds will be highly stacked against you. With tighter regulation and increased competition, this risk of default has largely disappeared. The risk of price manipulation still exists and this will never really go away. Investors need to ensure that they have an independent price source and trade with a broker who offers true one click dealing. Most brokers work on the basis of the law of large numbers, acting like the bucket shops of 50 years ago, they do not hedge any positions and are directly competing against there clients. This will always lead to price manipulation and further actions by authorities will inevitably be taken.
Q8: What is this best way for “currency rookies” to get involved in the market?
A Forex Trading System
The Importance of a Forex Trading System
In order to trade foreign currency effectively, it is an absolute necessity to have a forex trading system in place. This system will be some kind of framework, composed primarily of rules that include four key factors:
1. The point at which you enter a trade.
2. The point at which you exit a trade.
3. The size of your trade.
4. The markets that you will trade in.
These four points must be defined before you begin actively trading foreign currency. The system you devise should be able to consistently demonstrate the ability to make a profit before you jump in with a lot of capital. The fact is, many traders new to forex tend to open up an account and then jump in head first. They usually lose money and then give up on forex or take a step back, do some more research and jump right back in. The key, though, is to establish a trading system that can provide a degree of consistency that both your account and your emotions can stand. Until such a system is in place, you'll probably continue to lose more money than you take in.
It's a good idea to establish three different strategies and then incorporate them into your trading plan. That is, a short, medium and long term trading strategy.
Option Arbitrage in Forex
What is arbitrage? Arbitrage is the simultaneous buying and selling of identical financial instruments taking advantage of price discrepancies between different brokers, exchanges, clearing firms, etc. and thus looking in a profit. On paper, arbitrage is a risk-less trading strategy. In the real world however, risks abound. So why trade arbitrage? Well, if the risks can be managed, arbitrage can be extremely profitable if you can find the opportunities and take advantage of the opportunities before they disappear. After all, the arbitrage opportunity is present because one side is slow to react to market news, momentum, etc. When it corrects the opportunity is gone.
Why arbitrage forex options? Well, because the opportunity exists if you look far it. The forex market is a cash inter-bank / inter-dealer market. In simplest terms, this means the foreign currencies traded in the forex market are traded directly between banks, foreign currency dealers and forex investors wishing either to diversify, speculate or to hedge foreign currency risk. The forex market is not a "market" in the traditional sense due to the fact that there is no centralized location for forex trading activity and, therefore, trades placed in the forex market are considered over-the-counter (OTC). Forex trading between parties occurs through computer terminals, exchanges and over telephones at thousands of locations worldwide. Therefore the forex market is not as efficient as the NYSE for example. Price discrepancies exist between trading platforms, clearing firms, banks, etc if only for a small period of time. Options pricing is also affected for the same reasons but since there are other components involved in pricing an option than just the price of underlying currency, they tend to exist for longer periods of time.
One of the most common causes of option pricing differences is the calculation of volatility. Volatility is generally the standard deviation measured over a period of time. Sounds simple enough right? Well, if compare the volatility measure across different forex option providers, you’ll likely find differences as large as 2%. When you find this you have also probably found an arbitrage opportunity.
Now that you’ve found an arbitrage opportunity, how do you trade it? Well, that’s a bit trickier and this article cannot possibly cover all the risks associated with pulling off the trade but I will list some issues you should consider.
First of all, are the options really the same? Are the contract sizes, expiration dates and times the same? American or European style?
You also need to consider execution risk. Will there be slippage. Will there be a time delay in getting filled. Is the market moving too fast?
Exit strategy, how are you going to exit the trade and still capture the profit? What happens if the options expire in-the money? Out-of-the-money? What if you get assigned a position on one option but not the other?
These are just a few of the issues one must consider when trying to profit from option arbitrage. The key to option arbitrage is not unlike any other trade -- planning and risk management. Plan the trade, manage the risks, and execute the plan and you will be successful.
Singapore dragon in the Lion City
Immediately after the first reported cases of atypical pneumonia began a gradual slide in Singapore dollar in world currency markets. Thus, in early April, it fell against the dollar to a mark 1,7740 SGD / USD, that the local currency to its lowest rate since the beginning of the year.And the island, and the Center, and military base
Singapore - a city-state (in translation from the Sanskrit name means «City Lions»). Until 1820 it was a small trading port. After he went to the British Empire, the British turned the island into a major international trading center and military base in South-East Asia. A number of local populations, based on the Malays, has increased dramatically due to immigrants from China and India. The total area of Singapore, including the small island of 633 square meters. km. The main island from north to south - 22 km from west to east - 55 km. The island lies on the trade route from China Sea in the Indian Ocean, and an important geographical position makes it the most important seaport, financial and industrial center. Approximately 60% of the population employed in the service sector - bankovskofinansovom sector, retail trade and tourism. Currently, Singapore produces petroleum products, chemical components, pharmaceutical products, electronics, textiles, products made of plastics and rubber, steel pipes and groceries. In 1965, Singapore gained independence and became a republic with a presidential administration. In 1967, the Board was established currency broker Singapore (Board of Commissioners of Currency, Singapore), who assumed the role of Mint, and still only it has the exclusive right of issuing banknotes and coins. A role of the central bank plays a central monetary authority of Singapore (Monetary Authority of Singapore, MAS), founded in 1971 as a regulator of the financial and monetary climate in the country. MAS performs all the functions of a central bank except for the issuance of currency.
Orchids, birds, ships, and portraits
Since 1967, Singapore was issued four series of banknotes. The first (1967-1976) - «Orchid» - comprised of notes come in 1, 5, 10, 25, 50, 100, 500, 1000 and 10,000 Singapore dollars. In the center of the front side of each of the 9 bills was depicted branchlet orchids.
The second series (1976-1984) was named «The Birds». She, like the first, consisted of 9 bills, only 25-dollar bill was replaced with 20-dollar. In the left corner of the front of the banknotes were depicted birds. According to the developers of the series, birds personified strength, flexibility and independence of the young republic of Singapore.Third series (1984-1999) was devoted to the ship. It also consisted of 9 notes, however face values have changed. Thus, the 20-dollar bill was generally excluded, and a new, worth S $ 2. Through all the series are the ships of different epochs, starting from commercial sailing ship to a modern dry for banknotes of higher dignity. This series was given a tribute to Merchant Navy, which has transformed Singapore from a small trans-shipment point in the largest trade port of the world.
The fourth series has its origins in 1999 and called a portrait. A distinctive feature of this series is the introduction of additional security features against forgery and lack of dollar sign. In addition, in the manufacture of banknotes as its foundation is 100% cotton. All the bill shows a portrait of the first President of Singapore Enkika Yusof bin Ishak (Encik Yusof bin Ishak). The series consists of seven notes - 2, 5, 10, 50, 100, 1000 and 10000 dollars. In 1990, oznamenovanie 25 th anniversary of the independence of Singapore has been released into circulation bill worth 50 Singapore dollars. With its production of paper has been replaced by a polymer. But plastic money were not so easy to use, because they have difficulty with the machine identification.
It should be noted that all series have full circulation in the territory of Singapore. Interestingly, in 2001, MAS has refused to release the coins odnotsentovyh, considering that they are not used. Do not be surprised if you receive delivery of dollars with a portrait of the Sultan of Brunei. In Singapore, Brunei Dollar is in circulation in accordance with the intergovernmental agreement and traded at par. Enjoy wide popularity banknotes of large denominations (1000 and 10,000 Singapore dollars), which constitute about 40%, or 4 billion dollars of the total amount of money involved in trafficking.
The Singapore dollar has established itself as one of the most stable currency the region. The Asian financial crisis of 1997-1998, affecting the economy of almost all the countries of South-East Asia, has confirmed this fact. The crisis triggered a chain of bankruptcies and a default. After several decades of strong economic growth of Singapore rolled in an industrial recession, but in 1999 the economic growth of 9%. Economists call Singapore a «four tigers» Asia - along with Hong Kong, South Korea and Taiwan.Allowed all that is not forbidden
Recently, MAS has conducted a series of reforms of its monetary policy. It was repealed former principle: everything is forbidden, which is clearly not allowed. Only the restriction to prevent speculation against the Singapore Dollar.
The liberalization of the banking sector led to the consolidation of local banks. As a result, a giant three: DBS Bank, United Overseas Bank and OverseaChinese Banking Corporation. Foreign players were given more freedom to service the local market. And Citigroup, ABN Amro, BNP, Maybank and Standard Chartered acquired the status of banks with full privileges, which allows you to have up to 10 of its branches and up to 5 outdoor ATMs. Trade policy in Singapore is based on two fundamental principles: the free market system and focus on external markets. Approximately 96% of imports, imported into Singapore are not taxable. There are no controls on foreign exchange transactions and do not apply protectionist practices. Thanks to these policies are increasing foreign investment in the industrial sector in Singapore. Following last year's volume of exports from Singapore to China exceeded exports to the United States.
Large inflows of foreign currency gives the tourism sector. About 7 million people each year visit Singapore, with the majority - the tourists from Malaysia and Japan. So the sudden emergence and spread across the region and then worldwide, the virus of atypical pneumonia affects on tourism and the national currency.
Deadly virus breaks forecasts
The Singapore dollar rose steadily against the U.S. dollar almost throughout the last year - growth of 6.1%. However, the local currency to the Euro decreased by 10.1%, and by the yen - at 4.3%. There has been a steady growth on the Thai baht and the dollar linked to the local currency. At the same time, the Singapore dollar has passed the position in relation to the Indian Rupee and the South Korean vonu. On the domestic interbank market interest rates remained below those of 2001 and it is correlated with the global trend. Since March of this year, immediately after the first reports of atypical pneumonia, began a slow drift singapore dollar in world currency markets. Thus, in early April, it fell against the dollar up to 1.7740 SGD / USD, that the local currency to its lowest rate since the beginning of the year. MAS has preferred not to intervene in the situation and remain neutral. This means that the Singapore Dollar will be free to be quoted within a certain corridor against a basket of currencies of its trading partners. If economic conditions continue to deteriorate, there is a likelihood that government officials will go to the mitigation of monetary policy to assist the export sector. But even in this situation, the Singapore dollar may fall further.
The emergence of the lethal virus could cause the loss of the country's economy, comparable to the economic crisis of 1997-1998. Because tourism accounts for about 10% of GDP. Recently, Finance Minister of Singapore Lee Hsien Lung (Lee Hsien Loong) lowered the government forecast of GDP growth for 2003 to 2-5%. Private-sector economists suggest that growth will not exceed 2-3.5%, because the problem of health care will be central to the country have at least 6-7 months.
What exactly hang ... in DORah?
Patches in the flurry fracture
The beginning of the nineties. In the flurry of political and economic change, desperately kuvyrkayas in the waves is no longer the restructuring and turnaround general, the authorities in trying to catch up with the rapidly escaping inflation and at least appease the population before the next elections, the legislature tried to save deposits and patches so if you do not deserve love, although confidence of depositors. Start the Soviet Union created a Presidential Decree of 22 March 1991, in which «in connection with lump-sum increase in retail price» for spetsschet credited to each account for 40% of his balance. Then five more laws, the Constitutional Court's decision, economists are right (on the political orientation) compete with the left ...
In 1998, the head Duma Communist father and establish abbreviation Dor - Debt Ruble. Over the past 5 years, Dor became the mystical way is the U.S. dollar *. However, opportunities and unresolved problems still remain in place, but the anger and frustration of Russian investors have reached dangerous (especially before the elections) limit.
Himself as Zorkaltseve see ...
What's the problem? Not in principle, but in the figure. Nobody disputes, debt is debt. Moreover, the duty of the Savings Bank was legally defined as a state, which must be returned to their own populations. But ... The required amount of 8 trillion rubles current is clearly below the horizon today (dare say, and tomorrow's) capabilities. The author is not without a double pleasure to discuss this topic with one of the authors Doran, Chairman of the State Duma, member of the Communist Party, Mr (maybe more correct - Comrade?) Victor Zorkaltsevym live program «Business Moscow». Not without pleasure - as if it were not for the format of the program, everyone could agree with the arguments of the opponent: on the one hand, the debts should be given, but on the other - is not economic suicide by the state.
The argument that the current state is not responsible for the Bank of the Soviet Union was just as unconvincing as the counter that you can pay the debts of «free» lands, medicines, and apartments. Obviously - real smooth for the entire population (after all, not all people onye depositors) ways to be seen. Moreover, given the universal law of conservation, such a path could not be otherwise. After all, to give means one stripped of the society, it is necessary to rob the other, nothing wrong.
But many calls and letters from real, rather than statistical depositors of Sberbank, the elderly, sick and desperate, diarrhea who spoke on the subject, and those who were not in office is silent, who promises, and even those who do not promise, - encourage mentally twist this problem from different sides, trying to find a weak spot in a circular monolith restrictions.
Prosummirovannye dead souls
As we talked, the essence of the problem - not in principle, but in the figure. We do not have any formal query text Government Sberbank about balances in deposits in 1992, neither the text of the answer, so it will rely on the communication media and common sense. According to published data, balances the Savings Bank in 1992 amounted to 315 billion rubles then. It all started. We will not argue, but think that the most likely asked the Savings Bank - this is what the balance. And that it was necessary to ask? What is the balance of net balances of the accounts on which there was no movement in the past, say, ten years!
Sberbank - the successor and heir to the savings bank - is proud of its more than 160-year history. Unsecured bank accounts are stored, converted, indexed and recorded on the balance sheet «forever». It is easy to assume that, in accordance with a given issue in the said Savings Bank «evil» sum into account all of the early stories. And that history was? The revolution of 1917 (by a strange whim or the personal interest of the Bolsheviks had removed all but the savings bank accounts), stripping millions of «enemies» in 30 years, the war, the mop-45-50-ies, the emigration of the 80's, the disintegration of the USSR in the 90 -s ... Millions of accounts have lost the owners, is not inherited, but listed on the balance sheet, ie prosummirovannye. Prikinem, but that theoretically could be, what could be the right answer to the right question? The current Russia (140 million) could actually be around 30-40 million accounts - hardly noticeable anymore. The average account was 1500 rubles - the figure has been given and is similar to the truth. Then the real balances of the accounts will make a real 45-60 billion rubles. That is clearly not consistent with the stated figure of 315 billion. Do not think that the Bank and the Government did not know, but trump nepodemnoy the amount of debt, they find reasons not to give anything.
As a token we forgive our debtors
So, suppose we have reduced debt by 5-7 times, now, let's say, not today's 8 trillion rubles, and 1-1.5, it all? Let's try to go further. Today's Duma experts suggest that at least 20-30% of the accounts since 1992 have lost their owners and heirs, and therefore the debt can be further reduced. Therefore, the actual converted 0.7-1 trillion debt? I admit it, but what was because of this garden city - still nepodemno, even if all our assumptions are correct. Therefore turn to the most important. Change the (only for this situation), the vector relationship «Bank-Client» and re-form (only for this case) a database pre-reform Sberbank deposits are no longer in its archives, but claims of depositors, those and only those who give such a statement. Thus solve the standard banking procedures on the social, ethical and psychological components. Why social? Because only need (literally - have a need) in a real revival of their accounts shall be so informed. Why Ethical? Because each owner savings will decide for himself where his place - among the weak, who need help, or strong, who are ready to help. Why is psychological? Because there is a wonderful (and true) excuse explained citizenship of each, and society as a whole. Maybe better than most шикарно to forgive the debt than to live in horror at what you do not give? What is remarkable, but also the noble task for specialists in political strategists!
The noble renunciation of the debt can be (though - if you want) and push played, for example, among the bills objectors tempting lottery. For example, 100 prizes of $ 1 million each. What will it give? First, if you do everything right - no less than (in our opinion) than 10-fold decrease in the amount of debt. That is, from the $ 1 trillion. rubles descend to 100 billion, is about $ 3 billion - the amount is big, but the payment has absolutely real - because at $ 15-17 billion of foreign debt in the year of pay.
Second, suppose we were mistaken, was not $ 3 billion and $ 6 billion, $ 12 billion, even more (which is unlikely) - is not afraid, we have a complete real popular base of accounts. Divide them into groups - the primary account holder, the heirs of Russian citizens living abroad, wealthy citizens, insisted on his right pull out due to his piece. For each group, their time frame - one today, another tomorrow, the third - during the week. You say this is not the law?
And it's true, but the laws are created by real life, and if today this extraordinary reality, then, must be an emergency law for the payment of pre-reform deposits.
Only the first, let us all, find out how much exactly ...
Forex strategy
I have copied that system from any forum forex
1. System name : Daily swing
Time Frame : 15 and 30 minute
Indicator : EMA 5
EMA 10
RSI 14
Stochastic 10,3,3
Buy signal if : EMA 5 Cross over and above EMA 10
RSI must above 50
Stochastic Turned up
Sell signal if : EMA 10 Cross over and above EMA 5
RSI must <50> 50
MACD Crossed and must >0
2. System name : MACD strategy
Time frame : 5 minut dan 15 minut
Indicator : WMA 5
WMA 13
Slow stochastic 8,3,3
RSI 13
MACD 3,34,7
Buy signal if : WMA 5 cross over and above WMA 13
stochastic turned up
RSI > 50
MACD Crossed and must >0
Sell signal if : WMA 13 cross over and above WMA 5
Stochastic turned down
RSI <50>
MACD Crossed and histogram <0>
TRADING ONLY WITH MOVING AVERAGE
In the next few weeks I will show you how to trade using only MA. As usual what works for me may not work for you. This is because some of you may not be able to follow the rules of the game.
RULES OF THE GAME
1. Trade based on your capital and the time that you have. The bigger your capital the longer the TF. The more time you have the longer the TF. Vice versa.
2. Only trade at the direction pointed by the MA pairs. If the MA pairs is showing mixed direction, do not trade. The MA pairs must be pointing at the same direction.
3. If a trade suddenly change direction, do not hesitate to close it at a loss and turn the trade. This is the hardest part where most of you failed. Free your mind or become a loser all your life.
4. Keep in mind, there is no such thing as winning all the time. Just make sure you win a lot more than you lose. In the end your profit will grow along with your confident.
Simple system with simple rules. I like to keep it simple. No point of having the most complex system when simple system can have the same result. With this system you will be out of the market most of the time. This is because you will only be taking the big move and avoiding the small move and market noise.
Last advise. Do not anticipate. Forex is not a game of inteligence eventhough this system at full swing will show you possible turning point. I am having a possible turning point for audusd at 0.7200 but I will not take it coz there will be market swing before the actual turn. Why wast time waiting for the big move when you can actually see when its going to move.
In the mean time, good luck for all of you. I will be back once my pc is online again. At the moment I am posting this on a laptop. I dont like laptop, too small keypad, makes it hard to do speed typing.
ITS NOT THE SYSTEM
What if I tell you that I have a system that consist of Moving Average only. The system can make profit and will minimize you loses or even give you a chance to break even during hard times.
You would be thirll to test it out only to find out that in the end you are losing money and you say the system is crap. The truth is if one person is making money using the exact same system yet you are losing money. So where do you think the fault is? Is it with the system or is it with yourself?
You can never gain profit in Forex until you figure out what is wrong with you. Most of the time when you are losing money you would blame it on the market, news, system etc but never on yourself. Until you figure out what you did wrong, any system no matter how good will fail in your hands. After you realize what you did wrong, then you can make money, seriously.
When you know what not to do, you can trade without any indicator. I myself is trading using only MA now. Took me a while to understand but once you see it, you no longer depending on any indicator. It is your judgement that counts.
I never know what I would learn the further I go in this world or Forex. Right now I am starting to understand why some traders trade without any indicator. The best indicator is in your brain. You just need to develope it. It will take some time. No hurry.
A DIFFICULT MARKET CONDITION
I dont exactly know the entry point but I do know the direction. It is time to monitor the shorter time frame in order to find the best possible entry and to minimize stop loss.
It may take sometime but I dont care. I have been waiting for this moment almost 2 months. Look at the charts and see the formation of daily, 4 hour, 30 minute and 5 minute. You may see something that took me over 2 years to see.
Only time can tell if my calculation is correct. At the moment I am still waiting for the 5 minute chart to give and entry signal.
Good luck to us all.
Trust Yourself
Beware the source and follow your system.
In these volatile times it is easy to get caught up in the hype provide by all the news media and analyst. It is natural to want to look for guidance. Remember to trust your system and more important trust yourself. You, after all, are the single largest determinant of your success.
Your approach should remain consistent, almost impervious to the events occurring because you follow your plan with discipline and ruthless detail to executing at optimum performance.
Be disciplined and follow your plan. If market conditions don’t suite your style – sit this one out until conditions provide your with your personal edge!
Happy Trading!!
Do you have what it takes to become a successful Forex Trader?
1. You must be Passionate about what you do.
As Forex traders we all face one unique set of circumstances that does not exist in any other profession. We get rewarded for when we succeed and equally punished when we don’t! Could you image a corporate worker one quarter receiving a significant accomplishment bonus and the next quarter actually getting money taken from their paycheck for missing performance targets? Not on your life!
We do as Forex traders and that is why passion for what you do will carry you through the tough times that are part of your trading business. Asked yourself why you trade currencies and would you still do it if Forex were not potentially lucrative? Your answers will be quite revealing. You’ve got to feel your passion for trading!
2. You have to Apply Yourself and work hard at it.
I talk to so many people that enter into Forex trading with the aspiration of getting rich quick. Without putting the time and energy into really getting good at trading I see them jump from strategy to strategy looking for the goose that will lay the golden egg and eventually quitting while blaming everything else, except the true cause.
I got news for you – you are the goose and your Forex education is the golden egg. The magic has always resided with the magician and not some strategy. Work hard at trading and the rewards will eventually come your way. Remember what Tiger Woods said, “Funny, the harder I work the luckier I get.” Apply yourself as a trader and it will be no accident when your account begins to blossom.
3. You must Focus to really get good at what you do.
Now here is the hurdle most Forex traders struggle to get over. You have the passion and you are applying yourself to your trade, now focus and really get good at just at what you are doing. Be the expert to the experts at just that one thing. Become the master of a strategy or risk management methodologies. Really focus on getting good at it.
Stop jumping around or getting pulled from the last “latest and greatest” into the next “latest and greatest” and focus on one aspect of Forex trading and know it inside out. Know it strengths and weakness. Set your sights on becoming expert on just one aspect of trading and watch it spill over in all other aspects for your currency trading. This is the time to fail forward fast, use every setback as a learning opportunity that will propel you 3-steps ahead!
4. You must Push Yourself beyond the point everyone else might have quite.
In Forex Trading this is simple. Assume there is someone on the other side of your trade that is pushing themselves and sharpening their edge. To be successful you must you must do the same thing. Now is the time to examine your mental edge. Do you know the single most critical factor in any currency trade? It is you, the trader! Sharpening you mental edge is the most difficult aspect of trading, but also the most rewarding.
Start with your Forex education and gain the self-awareness necessary to maximize your strengths and suppress your weaknesses. Any expert will tell you that trading is 80% mental. It’s time to sharpen your trading to the razor’s edge and you do this through Forex education. A constant and never ending process that will become the cornerstone of your Forex experience.
5. You must, without wavering, be Determined and Persist to your objective.
You will fail. I can state that emphatically. However, you will not be defeated unless you allow your failures to control your trading. It is the old adage; failure is not falling of your horse, failure is refusing to get back on. Your success depends on your ability to dismiss the criticism, rejection, self-doubt and pressures associated with Forex trading.
Defining what is a winning trade, losing trade and bad trade will go a long way into developing you as a successful trader. Without the determination and persistence in all aspects of your trading life, obstacle will definitely appear closer and larger than they actually are.
Take a moment and assess yourself and your trading. Do you have the key elements to succeed? Which areas are presents development opportunities? When conducting a self-evaluation it is critical to be totally upfront and honest with yourself. After all, you will only be dishonest with yourself. One of the most interesting observations you can make is that all key success factors are interwoven. One factor supports the other. This is why your Forex education is a continuous journey of forex strategy, money management and self-mastery. Set these factors as your Forex education goals and take your currency trading to new heights.
Happy Trading!!
Bold 2009 Prediction for You
You will break your trading resolutions by the end of February.
- You will abandon your trading plan
- You will fall into the same destructive trading patterns you resolved to change
- Your account will earn the same or less than in 2008
True, statistics cover populations and not individual traders. The fact is, its traders who are outside of th enorm and trade with focused discipline that really achieve their financial goals. When is now the time to re-focus with discipline and dedication and really commit yourself to your trading plan?
Today is January 15, 2009 and February is just around the corner.
Let this be your wake-up call!
Be honest with yourself and focus with the discipline of a seasoned trader on staying true to your trading plan or risk becoming a statistic!
Happy "Disciplined" Trading!!
UPDATE
As for forex I am playing the short term game. 5 minute TF to be exact. It is much safer since my internet is not stable. Its a intraday system trading the 30 minute trend with a 5 minute signal for entry and exit. So far so good.
Actually the system is simple. It is based on MA and RSI only. Even trading is simple for me nowadays. It seems that experience changes me. I am no longer sitting in front of the PC hoping for miracle. There is no miracle in Forex. It is just knowledge and study so that the direction can be expected.
The longer I trade the more I understand. After all I am still learning with every trade. Now I understand how people can trade from candlestick alone. This is because the best indicator is not on the screen but in your head. Use your brain, the best indicator of all.
By the way just wanted to invite you to my flickr page. Just an old hobby given new life with a new DSLR A350. Now I have 3 camera, each one with its own unique features. Do check out my flicr page and tell me if you like my photography style. Just needed to find a model for my portrait shot.
Back to Forex its in ranging mode now but the daily chart is showing a weakness is trend. EU is a downtrend but is weakening at the moment. 30m chart is still showing a downtrend at the moment with 5m chart is supporting it. So for today the best bet is to short EU but watch out for the long term trade.
FREE FOREX SIGNAL - NOT REALLY
In certain cases the signal does work. In a different situation, it fails. This is because the person giving that signal is also a small trader. His study is based on either technical or fundamental with no real money to back it up.
If that person is good, he will have enough followers and the total money traded towards his signal will back him up and make the currency move. If that person have very few followers, then he is swimming alone in a sea full of sharks.
That is what most of us do. We do not coordinate and we work alone in forex. Thats why the sharks are taking their time and making easy picking of us, swallowing one at a time. It doesnt sounds good but its the truth. Now you dont have to wonder why most people fails and why banks keep on making huge profit.
If you want to take forex signal, take it from someone who you can trust from inside the banks. They have a lot more info and study on forex. The amount of info, knowlegde, manpower and money is impossible for any of us to compete.
For some people who manage to find a method to be profitable in forex, its a good thing. You have found a way to take advantage of the system. The system after all is developed by human and human by itself is full of weaknesses.
For those of you who is losing, its time to think about swimming alone is a sea of sharks. Time to find friends and help each other out in terms of knowledge and money power.
Dont get me wrong, I am in profit today. I have found a way to take advantage of the system though its like a mouse, stealing food one little bit at a time. Better to profit a little than losing all the time but for how long are you willing to be the small fish. Always jumping in and out of trade. Hoping for the trend to hold long enough for you to gain a little profit.
In order for me to grow in forex, I need to team up. It has long been in my mind, just looking for the right opportunity and people. Anyone here think the same?