Post No. 35

For those that are looking for an exciting way to invest - Forex definitely delivers. Forex stands for foreign exchange and it is the world’s largest financial market.
Forex is quite different from investing in the NYSE or NASDAQ because Forex takes place at dozens of locations all over the world. In fact, most traders are day traders that trade from home. While this form of investing can be risky, it can be extremely profitable. Forex trading occurs 24 hours per day (except on weekends). One of the things that make Forex unique is that you aren’t buying a currency or selling a currency, you are actually trading one currency for another.
While Forex seems very easy at first, it can be extremely complicated and risky. There are tons of tools online that can help you climb the steep learning curve and for those that do, it is possible to make a very, very good living.
Forex is an interesting investment for some because of the amount of leverage one can have. Some Forex trading brokerages allow their member accounts to leverage the amount of currencies they purchase by 10, 25, 50 times or more. This means with an initial investment of $1K, you can theoretically control over 50K of currencies in some situations. While this can lead to large profits, it can also lead to financial ruin if you make the wrong decision on a trade. One of the ways that many investors learn to trade Forex without risk is to use the systems simulation platform. Many Forex brokerages have a simulation platform that is identical to the normal platform and uses current, real world data. This way, if you are just starting out and make a mistake on the simulation, it won’t cost you a dime.
Forex can be extremely fast paced. While many investors are those that are day traders looking to make a quick buck each day, others trade for the long term, looking for long term trends that are much less riskier and can return much more than a day trade. Whatever your strategy, Forex can be an excellent way to invest. It should be noted that almost anyone can trade from their computer and with a limited amount of investment, however before you trade, get to know the system you trade on and the dynamics of the foreign currency market.

Post No. 34

All good traders understand that every trading decision and action made, is his own responsibility. You’ll never meet a successful trader who blames someone or something else for the consequences of his trading results.You see, it’s only when you begin to accept full responsibility for your results, that you’ll rule out the convenient possibility of using excuses. After all, it’s much easier to TALK about why it’s not your fault when you make a losing trade. It’s easier to say "hey, I didn’t know there was an important economic announcement coming out tonight" rather than to go and check out the actual schedule of economic announcements for the week.You can just blame bad luck, or even blame it on the weather. But whatever your "reasons" are, they’re not going to help you trade better at all. Once you finally realize that the only way you’ll make money in Forex trading is to look out for yourself, you’ll never be a successful trader. I’m sorry for being so blunt, but it’s the truth.No one’s going to fight your battles for you. The moment you realize that you are solely responsible for your trading results, you’ll soon start looking into ways to improve it.Let me ask you: Do you actively monitor your trades using some sort of trading journal or trading log? Do you spend time looking over failed trades and whether they could have been avoided?
If you answered "yes" to both questions, great! If you’re not already a consistently profitable trader, you’re going to be one soon enough. But if you answered "no" to either question, you might want to think about how serious you are about Forex trading… there’s no middle ground here: You either work hard at it and succeed, or you continue to give "reasons" for losing your trades.
To learn more, download my free 26-page guide here: "Forex Trading Traps!" Harold Hsu is the owner of http://ForexSystemProfits.com where he provides premium Forex trading information and resources.

Post No. 33

Forex trading is a terrific way to make money at home if you do it right. The foreign currency exchange market can be a lucrative way to make money from home, and all that is needed to start is a computer and enough cash to open up a Forex account with a broker. For this business to be successful, you should have a certain amount of knowledge concerning the Forex market and trading on it.
Finding a good broker is very important when trading on the Forex market, and your broker can make or break your Forex account. Ask around, and visit several brokers before you decide on one. Remember that this person will control when to buy and sell your foreign currency and make binding legal purchases for you. Make sure you read all the contracts before you sign them with any broker. Ask the broker what market analysis tools they will make available to you to help you trade more profitably.
Read and learn all you can about trading on the Forex market before you start your home business and open an account. A good way to decide if a home business based on Forex trading is right for you is to open up a dummy account for a month and do paper trades. This will give you an idea of what it takes to be successful at Forex trading before you risk any of your capital. The more you learn about the Forex market, and how to successfully trade on it, the better you will be able to make informed decisions on important market factors.
The Forex market has trading hours twenty four hours a day, and there are four major trading centers. These are Sydney, New York, Tokyo, and London, with London being the busiest market with the most trades on almost all days. Each one of these centers has set trading hours, and the best time to trade is when the hours overlap, because two markets are open and there are more trades available to make a profit on.

Post No. 32

There are two factors that move FOREX markets and if you understand how these two factors combine you will be able to make big profits.
The relationship is not understood by most traders so let?s look at it and how you can profit.
Let?s look at a simple fact first:
FOREX markets move in trends:
They move in sustained upward or downward directions, for periods of months or years.
These trends are not of course a one way movement and we see constant retracements, which can last for various periods of time.
These retracements can form shorter trends of a few days or weeks and can be against the major trends.
What causes these trends?
Currencies reflect the underlying economic health of the country the currency represents.
Economic cycles tend to last for months or years and these are reflected in longer term currency trends.
Markets don?t of course just respond to economic fundamentals, but also how people view these fundamentals.
Prices therefore are a combination of:
Economic fundamentals + Investor perception = Currency price movement.
Prices do not move logically, in relation to the underlying economic fundamentals ? they are influenced by the emotions of greed and fear of the investors.
When you trade currencies you have to be aware of this combination:
Price is determined by the economic fundamentals and investor perception of what those fundamentals mean.

Post No. 31

1. Currency prices
Factors such as economic and political conditions deeply affect currency prices. Political stability, inflation, and interest rates are all factored into the price of any currency. The price of currency can be controlled by governments who flood the market or buy extensively.
2. Volume of FOREX
No force can have dominate the market due to the volume of Forex.Market forces will prevail in the long run, making FOREX one of the most open and fair investment opportunities available.
3. World Currency
Each world currency is given a three letter code which is used in FOREX quotes. The most common currencies are USD (US dollars), EUR (European euros), GBP (United Kingdom pounds), AUD (Australian dollars), JPY (Japanese yen), CHF (Swiss francs) and CAD (Canadian dollars).
4. Foreign exchange prices
Forex quotes can be used to determine prices of foreign exchange. The first currency is the 'base' and the second is the 'quote' currency. In this example: USD/EUR = 0.8419 the currency pair is US dollars and European euros. The base currency (USD) is always at '1' and the quote currency shows how much it costs to buy one unit of the base currency. In this example, 1 US dollar costs 0.8419 euros. Conversely...EUR/USD = 1.1882 ...tells us that it costs 1.1882 US dollars to buy 1 euro. When the price of the quote currency goes up it indicates that the base currency is becoming stronger – one unit of the base currency will buy more of the quote currency. The base currency is made weaker when the quote currency is weak.
5. Central banks
National central banks play an important role in the foreign exchange markets. They try to control the money supply, inflation, and/or interest rates and often have official or unofficial target rates for their currencies. They can use their often substantial foreign exchange reserves, to stabilize the market. Milton Friedman argued that the best stabilization strategy would be for central banks to buy when the exchange rate is too low, and to sell when the rate is too high - that is, to trade for a profit. Nevertheless, central banks do not go bankrupt if they make large losses, like other traders would, and there is no convincing evidence that they do make a profit trading.

Post No. 30

When it comes to marketing on the forex exchange, victory is a matter of the mind instead than mind atop matter. Any dealer wh's been in the game for any extent of time shall recount you that psychology has a lot to do with both your own execution on the trading floor and with the way that the exchange is progressing. Playing a superior hand depends on understanding your own shrewdness and comprehending the way that psychology moves the exchange.
Studying the psychology of the exchange is not anything new. It doesn't require a genius to be aware that any arena that rides and falls on decisions made by folks is bound to be thoroughly bested by the minds of folks. Few individuals take into account all the different levels of intellect games that galvanize the exchange, albeit. If you keep your eye on the way that psychology influences others including the mass psychology of the folks that use the currency on a regular period but overlook to comprehend what moves you, you're eventually to end up hurting your own stance. The superior forex coaches shall relate you that before you can genuinely become a well-heeled dealer, you have to grasp yourself and the triggers that control you. Understanding those will aid you suppress them or use them. Are you saying Huh? about now? Believe me, I recognize. I felt the selfsame way the first time that some person tried to elucidate how the mind games we frolic with ourselves control the trades and decisions that we contrive. Let me split it down into other teachable pieces for you.
Anything involving winning or losing big sums of currency becomes emotionally electrifying.

Post No. 29

Before, the forex market was limited only to long-term investors, banks and people who have greater capitals. The trading occurs via an agent or voice broker who will inform clients on what is going on. Later on, it was been replaced by a computerized automated systems. This was the early form of forex trading strategy.
The trader which is either home-based or office-based or retail investor can possibly trade on real time with different banks with an aid of a broker. The broker then uses the computerized platforms of trading. It contains traders on live desks which places the trades on the broker?s books or on real investors. However, when the trade was placed in the broker?s book, 95% of the money will be lost by the traders. So the brokers take this is an advantage on them.
Forex trading strategy comprises two major components. The first component is technical analysis. The technical area is based from the charts. It uses a mathematical formula to observe the market movements. The traders learn about announcements and news on economics which influences forex markets. Its fundamental side is helpful in proper identification of the do?s and don?ts.
Technical analysis uses chart indicators. It is helpful in determining the areas of resistance and support. The situation where the price reverses, stop or get stuck are revealed. The method that is very accurate and popular in calculations of the levels of resistance and support is the Fibonacci. Seven hundred fifty years ago, Fibonacci discovered a sequential number form. Its proportions are also found in nature such as sunflower seeds, and pineapple rinds. This method is commonly learned in mathematics during your high school days, called as Fibonacci sequence. It says about finding the next number given with a series of numbers.

Post No. 28

FOREX investing is one of the most potentially rewarding types of investments available. While certainly the risk is great, the ability to conduct marginal trading on FOREX means that potential profits are enormous relative to initial capital investments. Another benefit of FOREX is that its size prevents almost all attempts by others to influence the market for their own gain. So that when investing in foreign currency markets one can feel quite confident that the investment he or she is making has the same opportunity for profit as other investors throughout the world. While investing in FOREX short term requires a certain degree of diligence, investors who utilize a technical analysis can feel relatively confident that their own ability to read the daily fluctuations of the currency market are sufficiently adequate to give them the knowledge necessary to make informed investments.

Post No. 27

A Fundamental Analysis is one which analyzes the current situations in the country of the currency, including such things as its economy, its political situation, and other related rumors. By the numbers, a country's economy depends on a number of quantifiable measurements such as its Central Bank's interest rate, the national unemployment level, tax policy and the rate of inflation. An investor can also anticipate that less quantifiable occurrences, such as political unrest or transition will also have an effect on the market. Before basing all predictions on the factors alone, however, it is important to remember that investors must also keep in mind the expectations and anticipations of market participants. For just as in any stock market, the value of a currency is also based in large part on perceptions of and anticipations about that currency, not solely on its reality.

Post No. 26

Marginal trading is simply the term used for trading with borrowed capital. It is appealing because of the fact that in FOREX investments can be made without a real money supply. This allows investors to invest much more money with fewer money transfer costs, and open bigger positions with a much smaller amount of actual capital. Thus, one can conduct relatively large transactions, very quickly and cheaply, with a small amount of initial capital. Marginal trading in an exchange market is quantified in lots. The term "lot" refers to approximately $100,000, an amount which can be obtained by putting up as little as 0.5% or $500.

Post No. 25

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.

Post No. 24

What is forex & how is it traded?• Forex is the buying of one currency and selling of another concu concurrently. rrently.Currencies are quoted in pairs such as EUR/USD. The major curren currencies arees EUR (Euro), GBP (British Pound), JPY (Japanese Yen) and the CHF (SwissFranc) – and they are traded against the USD.• The first listed currency is known as the base currency, while t the secondhe currency is called the counter or quote currency. The base currecurrency currency is thency "basis" for the Bid price (the cost of selling the base currency currency) or the Ask) price (the cost of buying the currency). For example, if you Ask EUR/USDyou have bought Euros (and simultaneously sold dollars). You wou would do so inld expectation that the Euro will appreciate in value relative to t the US dollar. FXhe is traded in lots, which represent 100,000 units of the base cur currency. If therency. EUR/USD is quoted at 1.2253, that means that one Euro is current currently worthly just over $1.22. If the market moves from 1.2253 up to 1.2254 th that representsat a move of one pip. A pip is the smallest increment a currency pa pair can moveir and in the case of the EUR/USD currency pair a pip is worth $10 in a 100Kaccount and is $1 in a mini account.

Post No. 23

Advantages of trading the Forex Market• High Leverage (low margin): Generally forex brokerage service providers offer aleverage of 100:1. This means for every $1,000 you place in your account you haveaccess to trade with $100,000 worth of contracts.The traders can utilize a small amount of funds in order to take a large position. If youshould happen to incur a loss, your broker will close your position when the loss equals the balance in your account.• Liquidity: The forex market trades between $1.5 and $2 trillion daily. The marketorders are almost filled instantaneously and the market is too large for any one tocontrol.• 24 Hour trading: The forex market operates 24 hours a day from Monday morningSydney – Australia time to Friday evening New York (EST) time. Therefore tradershave immediate access to information, their accounts and transaction ability. • Trade both sides of the market: You can profit from price movements in eitherdirection, whether prices are going up or down. You can profit in a bear or a bullishmarket and the economy of any country is irrelevant to make profits.• Low trading costs: Forex brokers will only charge you for the difference of a bid and ask price.sell price quote. There are no commissions or other charges payable buy the trader.

Post No. 22

• A currency pair represents the exchange rate between the twocurrencies. For example, the rate at which the EUR/USD istrading that represents the number of US Dollars one Euro canpurchase. The first currency is called the base currency and thesecond currency is called the counter currency.• An example of how currency pairs trade is if a trader believes t the heBank of Japan will intervene to cause a decrease in the Yenagainst the US Dollar, then the trader would Ask USD/JPY (Askthe US Dollar/Bid the Yen). However, if the trader believes thatJapanese investors are losing faith in the United States' econom economy yand are pulling money out of the US into Japan, then the traderwould Bid USD/JPY (Bid the US Dollar/Ask the Yen).

Post No. 21

Margin is a performance bond, or good faith deposit, to ensure against atrading losses. The margin requirement allows traders to hold a position much larger than the account value. In the event that funds in the account fall below margin requirements, your requirebroker will close some or all open positions. This prevents clients' accounts from falling into a negative balance, even in a highly volatile, fast moving market. For example, let's say you have an account with $10,000. That means you have $10,000 of usable margin. If you use $7,000 to Ask 7 lots o f USD/JPY, you now have $3,000 of usable margin left, meaning that you are allowed to lose $3,000 before you are under the margin requirement. The account equity remains at $10,000 until you begin to make or lose money on the position. Now, if the USD/JPY decreases to the point that you end up losing the $3,000 which is left in your account, then the broker will close all of your positions to ensure that you do not lose more than you have in y our account.

Post No. 20

The Pakistani province of Sindh has an estimated 175 billion metric tons of coal reserves in the Thar region. It is estimated that these coal deposits can be utilized to generate more than 100,000 MW of electricity that will address the country's power requirements for up to several decades. Presently, coal accounts for only 0.1% of the total power generated in Pakistan, while the world average is 40%.

Post No. 19

Pakistan has become a leading country in Asia and the third largest user of CNG in the world after Argentina and Brazil. About 700,000 vehicles have been converted to Compressed Natural Gas (CNG) in the country by March 2005 as compared to 450,000 vehicles during the same period last year, showing an increase of 56 percent.

Post No. 18

The Karachi-based Edhi Foundation ambulance service, already the largest private ambulance service in the world, looks set to expand further in Pakistan with the purchase of another 150 vehicles this year.

Post No. 17

It was amazing to know that my great country Pakistan has the 6th biggest army of the world. We know that Pak army is capable of beating anyone in the world. One thing I want to share with you that it doesn’t mean that the biggest is also the strongest as well, because the strongest would be the one which would have the latest technology weapons. Its also depend on political stability in the country.

Post No. 16

WITH DELIVERY MECHANISMS (Pakistan is capable of launching nuclear missiles on a short notice of 90 seconds) The ballistic missile inventory of the Army is substantial. It comprises Ghauri III and Shaheen III IRBM; medium range Ghauri I and II and Shaheen II, and short range Hatf I- B, Abdali, Ghaznavi, Shaheen I and M -11 missiles.

Post No. 15

Pakistan with gas reserves of 28tcf (current reserves 32.8tcf) ranks 6th in the Asia Pacific region. Natural gas recoverable reserves were estimated at 662.0 billion cubic meters, with an extraction rate in the early 1990s of around 14.0 billion cubic meters. According to the 2008 BP Statistical Energy Survey, Pakistan had 2007 proved natural gas reserves of 0.85 trillion cubic metres, with the major gas-producing fields being Sui in Balochistan and Mari in Sindh.

Post No. 14

Pakistan’s average wheat production is 17,628 TMT, making them the ninth largest wheat-producing nation in the world. Pakistan is also a major consumer of wheat. Their average domestic consumption is 19,951 TMT. Pakistan also has an import average of 2,351 TMT of wheat, while they export, on average, 74 TMT.

Post No. 13

Pakistan has the highest growth rate of mobile connectivity with cheapest call rates across all around the world. Pakistan is the 9th largest mobile users country in the world. Infact, Pakistan has the highest mobile penetration rate in the region. The number of the users of mobile phone in Pakistan has reached from 0.3 million to about 90 million during the last eight years. According to the Pakistan Telecommunication Authority (PTA), the ratio of mobile phone users all over the country has been increased from 0.22 percent in 2000 to 54.70 per cent in June 2008. As per PTA, there are 91.44 million mobile subscribers as of March 2009 out of the country’s population of 165 million while they were 306,000 in 2000.

Post No. 12

Toyota Motor Corp will start local production and sales of its IMV global strategic vehicle in Pakistan. The business daily said Pakistan will be the 10th country in which the world's second-largest automaker has set up a manufacturing base for the IMV.

Post No. 11

The Forex trading market is a relatively new phenomenon. Never before in the history of the world have we seen such an amazing event. In only 30 years, this industry has developed from almost nothing to a daily US$1.5 trillion market. How did this happen? Was it by design? Or was it by accident?Well the answer falls somewhere in between. There are three distinct time frames that set the stage for today's style of currency trading. The first time frame is the pre-currency trading era of the 1950s. The second time frame is the worldwide, politically volatile atmosphere of the 1970s. The third time frame is what has occurred in this free market economy since the demise of the gold standard 30 years ago. In each time frame, there have been three catalysts: war, gold, and foreign banks- that have played a significant role in propelling currency development.

Post No. 10

Entering into the 1950s, the United States of America had a distinct advantage over war-torn Europe. While Germany was heavily sanctioned, England, France, Italy, and several other Old World nations were just coming to terms with the heavy investment needed to rebuild their countries.As a way to make it easier for the rest of the world to rebuild, the Bretton Woods Agreement was adopted. It was innocuously simple: in an effort to keep the United States of America (USA) from buying everything in sight, the Bretton Woods Agreement kept the USA in check by requiring all foreign currencies be pegged to the US Dollar. Some pegs were strong, some pegs were weak, but at the end of the day they never moved more than 1% in any direction. Like today's problem with the Chinese Yuan, forced to a peg against the dollar, it kept a constant, controlled flow of US dollars out of the country.The peg would not have been so bad if not for the fact that the US dollar also had a unique relationship with gold. Just like currencies, gold was pegged to the dollar at a fixed value of US$35/ounce. What made it even worse was that US currency, at the time, was directly exchangeable for gold. This strategy was fine as long as the Fort Knox gold reserves exceeded $23 billion.After World War II, the USA became the primary economic super power. Many foreign countries began to acquire US currency in lieu of gold. The dollar gained prominence in a way no other currency ever had before.At the same time, we began to see the rebuilding of the Old World and foreign trade began to gain momentum. In 1950, foreign countries held US $8 billion. We also saw the oil business begin its ascent as a prominent import/export industry.

Post No. 9

In 1971, the Smithsonian Agreement replaced the Bretton Woods Agreement and authorized “forward currency contracts”, adding validity to the Eurodollar phenomenon. It didn’t work. A year later the European Joint Float was established. It, and the Smithsonian Agreement, were scrapped in 1973. Even though they were dissolved the concept of “forward currency contracts” stayed as part of the banking system.Once currencies began to “free-float”, they immediately moved away from their gentlemanly 1% fluctuations on either side to huge price ranges, going anywhere from 20-25% daily.From 1970-1973, the total foreign exchange volume went from US$25 Billion to US$100 Billion. With oil prices up, gold prices up, and an economy still reeling from the rapid currency shift, “stagflation”, rising inflation while real incomes remained the same, soon hit the United States.

Post No. 8

In 1971, the Smithsonian Agreement replaced the Bretton Woods Agreement and authorized “forward currency contracts”, adding validity to the Eurodollar phenomenon. It didn’t work. A year later the European Joint Float was established. It, and the Smithsonian Agreement, were scrapped in 1973. Even though they were dissolved the concept of “forward currency contracts” stayed as part of the banking system.Once currencies began to “free-float”, they immediately moved away from their gentlemanly 1% fluctuations on either side to huge price ranges, going anywhere from 20-25% daily.From 1970-1973, the total foreign exchange volume went from US$25 Billion to US$100 Billion. With oil prices up, gold prices up, and an economy still reeling from the rapid currency shift, “stagflation”, rising inflation while real incomes remained the same, soon hit the United States.

Post No. 7

In the 30 years since the collapse of the last gentlemanly agreement on currency rates, many momentous events have occurred that have affected currencies worldwide. The Japanese yen gained prominence because of Japan's heavy export relationship with the United States. The USSR collapsed. We have had several undeclared wars, the south Asian economies have risen and collapsed, and several investor bubbles have come and gone.Each time, currencies have come away with a newly earned respect by the masses. There has also been a constant element of surprise that keeps you guessing what's next.Current conditions, such as the United States' perpetual war on “terror”, the permanent introduction and dominance of the euro currency, the steady O.P.E.C. increases in oil prices, and gold's renaissance as a store of value, will likely have a tremendous impact on the future of what it means to trade currencies.This could be a fundamental shift in the next phase of currency development.

Post No. 6

On Wednesday, the latest addition the Wisdom Tree family of currency ETFs officially debuted, and in its first two days of trading, the Emerging Currency Fund (CEW) returned an impressive 2.2%. It’s not worth annualizing this figure, but suffice it to say that its performance is already turning heads.According to the prospectus, CEW “is an actively managed exchange-traded fund that seeks to provide the investor with a liquid, broad-based exposure to money market rates and currency movements within emerging market countries.” Investors will gain exposure both to the currencies themselves and to their respective short-term interest rates, via “short-term U.S. money market securities and forward currency contracts and swaps of the constituent currencies…designed to create a position economically similar to a money market security denominated in each of the selected currencies.”

Post No. 5

I have been studying and practicing forex for a while and am thinking of buying this software as I have seen rave reviews about this product.As I am a newbie to forex this systems sounds simple and easy to use but i do not know if it actually works.Has anyone here uses it and does it work.Thanks your comments are much appreciated.

Post No. 4

Newcomers to the Forex or stock market need time to be able to learn and comprehend the details of trading.Having a Forex demo account is an excellent method for rookies that are new to the investment world. Having a Forex demo account is where the newbie learns not to fumble away his or her investments .Having a Forex demo account is where the newbie learns not to fumble away his or her investments. You always hear stories about traders losing money in the Forex market. Forex demo trading is a method whereby you can reduce the number of these stories. This technique allows the new investor the ability to practice without putting their investments in jeopardy. You do not have to pay anything for the Forex software as it is free and is readily available to any new traders that are looking to gain experience and knowledge in the Forex market.Forex demo trading is all about learning how to be successful. It does not take the place of you having to have a trading plan or of technical and fundamental analysis. What Forex demo trading does is to test the waters by putting your own research to the test as well as a plan so that you are sure that you understand just what it takes to invest in the Forex market. Forex trading is a refined skill and it forces investors to master a very high level of expertise.Large amounts of money can be made or lost in the Forex market. With this form of investing, you can lose a lot more money than what you had originally invested. Just like the NFL, the stakes are high so training is of the utmost importance.Many of the brokerage companies that are involved in Forex trading have demo accounts readily available. Some of them are free and some may require a small fee. However, the fee that is paid is usually well worth it because a Forex trader can use his knowledge and skills to make vast profits after spending some time practicing with a Forex demo account.You can easily and quickly set up a Forex demo account through a broker. You can always go online and find a great number of companies that are ready and willing to help the new student trader set up an account so as to enhance his or her trading skills. It is always a smart thing to know what you are doing no matter what game you are playing. Forex trading can be likened to an advanced financial game.If there is any hesitation, then a Forex demo account is definitely the way to go. When you set up your own Forex demo account you are allowed to make trades as though you were using real money. As the saying goes, "practice makes perfect"!In conclusion, having a Forex demo account is much like learning NFL. Forex trading can often seem like a contact sport, and if you are not careful you may be taking hits in your wallet if you do not learn the ins and outs of the game. A Forex demo account will help you learn the investment basics before you have a chance to dive into the real game.

Post No. 3

I have been studying and practicing forex for a while and am thinking of buying this software as I have seen rave reviews about this product.As I am a newbie to forex this systems sounds simple and easy to use but i do not know if it actually works.Has anyone here uses it and does it work.Thanks your comments are much appreciated.

Post No. 2

Japan has evolved as a major market for gold for fabrication and investment since trading was liberalised in 1974. But the gold business in Japan has much earlier origins. Gold mines in Japan in the 17th century exported through the Dutch East India Company to East Asian countries. Tokuriki Honten, still an important refiner and fabricator, traces its history back to 1727. Tanaka Kikinzoku Kogyo, the leading precious metal refiner and trader, was established in 1885.Actual mine production is limited. The only significant mine is Sumitomo Metal Mining's Hishikari on Kyushu island, opened in 1985, with output between seven and eight tonnes (0.25-0.26 million oz) annually. The Japanese market is supplied, therefore, both by imports of bullion and by-product gold from imported concentrates.Total gold demand in Japan ranges between 200 and 275 tonnes (6.4 – 8.8 million oz), embracing jewellery fabrication, electronic and industrial uses, dental applications and physical bar investment . Japan is the world's foremost user in electronics, using over 100 tonnes (3.21 million oz) in 2000 according to GFMS (although this fell sharply, to around 70 tonnes or 2.25 million oz, in 2001 on the back of the slowdown in global demand). Japan's use of dental gold in 2001 was around 21 tonnes (675,000 oz) according to GFMS. Physical bar hoarding is also much higher than in other industrial countries, and is an anonymous way of holding wealth outside of the banking sector. GFMS estimate that it averaged just under 60 tonnes (1.9 million oz) over the past decade and exceeding 100 tonnes (13.2 million oz) in 1999. The first few months of 2002 saw a surge in Japanese hoarding demand due to fears about the health of the banking system.It is also the custom in Japan for companies to give gifts of 24 carat ornaments such as teapots, saki cups, vases and chopsticks. The gold tea ceremony room at the Moa Art Museum in Shizuoka Province used 50 kilos (1,607 oz) for teapots and cups, plus gold leaf for its walls.

Post No. 1

Turkey has been an important regional gold market for many years; during the 1990s domestic jewellery fabrication averaged 125 tonnes (4.02 million oz). In addition, Turkey has been a key source of bullion for several neighbours countries. Turkish bullion imports, which normally exceed 100 tonnes (3.2 million oz) on an annual basis, came to 107 tonnes in 1999 but then rose significantly in 2000 to 205 tonnes (6.6 million oz). However, the following year bullion imports fell sharply. According to GFMS, this was partly due to the sharp devaluation of the Turkish currency and the associated economic and banking crises which affected the country. On a separate note, Turkey's position in the international market was enhanced by the full liberalisation of the local gold market in 1998 and the opening of the Istanbul Gold Exchange on 26 July 1995.