Foreign Exchange Trading Made Easy.

By John Eather

What is foreign exchange trading exactly?- The foreign exchange market is employed for foreign exchange trading, where one currency is traded in for another. The forex market is the biggest, most liquid and lucrative market in the world with trades reaching US1.5 trillion dollar being conducted on the market every day. The market is open through the day, night and year. Not a single day or minute goes without trades being conducted. Large corporations, financial institutions, individuals and speculators are the major players in the market. Daily volumes consist of government and commercial currency conversion as well as speculations and trading.

Advantages- Foreign exchange trading has major advantages including high liquidity, all day and all night trading due to overlapping trading session, traders are given the chance to react to market, economical and political events as they occur, low transaction costs and trade on margin opportunities.

Risk- It is very important to understand the risk involved with foreign exchange trading. The rewards are high but the risk is just as significant. If you plan to trade with capital you are unwilling to loose you are going to encounter pretty big problems should the market turn on you with the possibility of losing both initial investment and profits. Make sure that you know all there is to know about the trade type as there are many tricks, tips and pitfalls you can encounter along the way, requiring immediate handling of the situation. If you feel even the slightly uncertain- avoid trading and the market as a whole. Take a course in foreign exchange trading to make sure that you understand the market thoroughly before attempting trade.

Different forex rates- Foreign exchange is usually traded on the spot rate. This means that trades are completed on the spot rate and settled within 2 working days. However in rare instances the positions can remain open, rolls over and expires on the closest settlement day. The rate at which trade occurs is known as next rate.

Quoting- Quoting refers to the bid and asking price for the currency pair. The bid price is usually on left hand side and asking price on the right hand when indicated. - 23218

About the Author:

Check out John Eather's Free eCourse on Foreign Exchange Trading. Stay in tune with the most leading edge info regarding Automated Trading. Click on http://www.moneymakingfxtrader.com to get more details.

Day Trade Forex

By Ahmad Hassam

Learn to day trade forex. But I want to make a few facts very clear before you embark on your journey of forex trading. These facts should be the foundation of any forex system that you develop.

The first most important fact that you need to understand is that forex is not a get rich quick scheme. Skilled traders can and in fact do make money in forex trading however like any other occupation or career, success just doesnt happen overnight. Use this great formula for success: Practice+Patience+Persistence=Profits.

There is no substitute for hard work and diligence. You should make it very clear. First practice trading on a demo account. Do not open a live trading account until you become profitable on your demo account. Pretend that virtual money is your own real money when you trade on the demo account. You can only be successful if you stick to a system and a plan. Double you demo account first three times in a row.

When you start trading forex, just choose two major currency pairs that you will trade in the start. It will become very difficult to keep tab on the all major currency pairs in the beginning. You should start with a major currency pair. The spread on the major pairs is the best and they are the most liquid. EURUSD pair is the most commonly traded pair in the currency markets and usually has the best spread because of its liquidity.

The USD/CHF is the most volatile and moves the most during the trading week. The USD/JPY moves a lot on the news out of Japan. GBP/USD is the most stable of the above three pair.

You should follow and understand the daily forex news and analysis of the professional currency analyst on a daily basis. It is important for you to get a birds eye view of the currency markets. You should also know and understand what the key technical support and resistance levels are in the currency pair that you want to trade. You should know the news that affects the prices of the major pair that you want to trade.

Support is the predicted level to buy. It is where the currency pair moves up on the charts. Resistance is the predicted level to sell. It is where the currency pair should move down on the charts.

Fortunately for you, all the best forex news and analysis is available freely online. Most of the brokers provide this information on daily basis. You can also go to forexnews.com and get 24 hrs news and analysis on the spot forex market. When you read the technical news and analysis, write down on a piece of paper the direction the analyst are saying about the currency pair you are trading and the key support and resistance level for that pair.

You should learn technical analysis and how to use technical indicators. Never ever trade without stop losses! Learn how to use technical indicators on the charts. Learn to be patient.

It is important for you when you are trading to be disciplined. Avoid emotions! Stick to a system and a plan. Dont just try to trade your gut feeling. Depending on your risk appetite and strategy, set your stop losses accordingly when you trade. - 23218

About the Author:

Mr. Ahmad Hassam is a Harvard University Graduate. He is interested in day trading and swing trading stocks and currencies. Discover A Revolutionary New Forex Robot. Develop your own Forex Trading System.

Gold Krugerrand History

By Ben Harmon

The Chamber of Mines of South Africa was formed in 1889 to represent mining employers and make decisions for the gold interests of South Africa. They were the planners behind the One oz Gold Krugerrand, however the history of the Gold Krugerrand goes further back- well beyond it's first mintage in July of 1967.

Witwatersrand, South Africa or the "ridge of white waters" in Afrikaans, is truly where Gold Krugerrand history starts. These mineral rich hills run east to west near Johannesburg for over sixty miles. They produce many minerals including uranium- and in 1884 the first gold discovery was made. The president of the Transvaal at that time was Paul Kruger, who knew that the gold discovery would forever change the face of South Africa. As he predicted, the rich gold find brought in many foreign miners looking to make their fortune. As more and more foreigners entered, they eventually began to outnumber the Boers, and their protests for their rights lead to increasing levels of conflict. Underlying this concern for their rights, was the British desire to control gold rights.

In 1899, the British government demanded Uitlander (foreigner) rights to match those of the Boers. Realizing that the British wanted more than equal rights (Transvaal independence was at stake), Paul Kruger responded that all of the British should leave within 48 hours. This was an impasse which could not be broken via diplomatic means, and the second Boer War ranged across the country. The Boers fought hard and were able to demand some concessions at the war's end in 1902, but the Transvaal independence was lost.

Politics settled, the march of the Krugerrand carried on. A Gold Krugerrand would be nothing without that heart of precious metal- refined gold bullion. In 1920 the Transvaal Chamber of Mines needed a consolidated refinery to handle all the gold in South Africa. The Rand Refinery was created to meet this need, and has been in continuous operation every since.

A shiny new One Ounce Krugerrand is a product of its history. The obverse side has a portrait of Paul Kruger, painstakingly designed by Otto Shultz. Kruger also lends his name to the coin, along with Witwatersrand, which was shortened to "rand"; which also happens to be the national currency of South Africa. The finishing touch is the delicate Springbok antelope on the reverse- to symbolize South Africa.

With Executive Order 6102 and the Trading with the Enemy Act of 1917, United States citizens were effectively barred from owning gold bullion. In 1967 the Chamber of Mines of South Africa had a clever plan for their fledgling One oz Krugerrand. By declaring the coin legal tender of South Africa, it was classified as "foreign coin", and US citizens could buy it. They also had another trick up their sleeve, instead of putting a value on it- they put the weight of the gold bullion on the coin. This allowed a quick and easy method to trade gold bullion without the need to melt and assay its gold content. This also tied the value of the Krugerrand directly to the underlying gold value. It's interesting to note that Krugerrands are not 24 carat gold- they are alloyed with copper which gives them their dark golden color and adds strength. Rest assured however, that they do contain one full ounce of gold bullion. Until apartheid was abolished in the middle of the 1990s, it was still illegal to import Krugers in western countries. In spite of this the Kruger was still a commercial success. Forty-six million ounces later, it is remains the world's most popular bullion investment coin. The One oz Gold Krugerrand history leads from the rolling hills to the highest political offices, and beyond. - 23218

About the Author:

Gold Krugerrand Ferret has more detailed information on Krugerrands. You can also look up today's Krugerrand value, and see live auctions if you are considering purchasing gold bullion.

The Best Kept Secrets of a Charitable Remainder Unitrust

By Hank Brock

A Charitable Remainder Unitrust (CRUT) is used to provide an income to a non-charitable beneficiary while at the same time transferring the remainder interest to a qualified charity.

The donor would permanently transfer securities or property to a trustee. The trustee, in return, would reimburse the donor (or other income beneficiary) income from the property for life.

A CRUT also guarantees that if the donor dies before their spouse they could receive income from the donated property of life. The donor would be compensated based on a fixed percentage of the fair market value of the assets placed in the trust. The assets would be revalued annually.

Further Contributions

Unlike the Charitable Remainder Annuity Trust (CRAT), however, the CRUT may continue to receive assets in later years. The CRUT also differs from a CRAT since the stream paid out by the CRUT trust must be at least 5% of the annual reappraised value of the corpus.

Consequently the CRUT, depending on the reappraised value of the corpus and accumulated income, can allocate greater or lesser amounts of income while the CRAT pays a set sum of income that never fluctuates in amount.

Appreciation

The quantity of the payment to the non-charitable beneficiary can increase each year if the value of the corpus and income continues to appreciate. For that reason, the CRUT is an efficient method of fighting inflation. On the other hand, if the value of the assets continues to decrease in value over so many years, the CRUT may actually pay less income to the non-charitable beneficiary than was initially proposed.

If a grantor requests to guarantee a yearly increase in the value of the income payment to the non-charitable beneficiary, the grantor should finance the corpus of such a trust with assets that pay a guaranteed rate of return. - 23218

About the Author:

Hank Brock is president of Brock and Associates, LLC, a firm specializing in financial planning, retirement, estate, and tax planning. Visit him online for further information on CRUTs, CRATs, and other financial planning topics.

The Difference Between Money Market Accounts And CD's

By Sheila Korter

During tough times, it is best to save and put your money in the bank. By saving your money, you are able to prevent yourself from spending too much. Aside from this, another advantage of putting your money in the bank is that you are able to earn a passive income. This means that you earn income without doing anything.

A passive income is possible through the interest you earn from the money you have deposited. If you are serious about saving money and earning a continuing income through bank deposits, you should consider some important factors. The first thing you should do is to study the money market and certificate of deposit rates to understand what they pay.

A money market account is an account that yields interest and also allows the depositer to withdraw funds with short notice or no notice at all. Every bank that offers an account of this type has its own rates and terms and conditions. It is advisable to choose the money market rate that does not only offer high interest rates but also has reasonable terms and conditions that are suitable to your needs and prevailing circumstances.

On the other hand, a CD is a kind of deposit that pays a higher interest rate but in return for this higher rate, imposes more restrictions. Typically you cannot withdraw funds for an established period of time without incurring a penalty. For this reason, CD's are often referred to as time deposits. The philosophy behind a certificate of deposit is that a depositor earns a higher interest rate as because the depositor is prevented from withdrawing the funds that he or she deposited within the agreed duration of time.

In summary, the two factors you must consider in choosing a money market or a certificate of deposit are the interest rates and the length of time you want to have the money tied up. A high interest rate does not necessarily mean that it is the best deal and sometimes the rates are not what you think they might be. Usually, the higher interest rates are accompanied by stricter conditions. Therefore, you should always study and analyze the terms and conditions imposed if they are suitable to your current situation. - 23218

About the Author:

Are you interested in finding out about the best CD rates? If so please visit my site Best Money Market Rates to find out more.