Euro Profitability chance against 1.4672
Forex Mega Droid
Some of these Forex Auto Trade robots have been developed by Forex experts who have been trading for many years.
One such Forex Trading Robot is Forex Mega Droid. A new trading robot developed by an expert trader with many years of experience.
Some other Forex Robots do not perform well in all market conditions. If there is a sudden change in the market most of them fail to trade successfully.
Mega Droid were developed to make successful trades in all market conditions.
Forex Mega Droid will not make you a millionaire over night. Although it automatically makes mostly winning trads, it does not make trades very often. It happened to me that it did not make one single trade for a whole week. If you are looking for a way to make quick millions, this is not it! But if you are looking for a way to make constant profits on a long term investment, then you can try it.
I predict that thousands of in-experienced traders will find this simple solution the ideal way to trade. It’s hands free, and you can get on with life. Mega Droid were developed by experienced Forex Traders with more than 32 years of trading experience. It is also the only trading robot with a built in function which makes it hard for Forex brokers to detect.
Learn Forex Curreny Trading
Forex Trading Offers Huge Earning Potential
With these stats to it's name it should come as no surprise that one of the major reasons for this exponential growth is the fact that Forex trading offers incredible earning potential.
This is also why large multi-national corporations have been investing in foreign exchange for years and more and more individuals are utilizing currency trading to supplement their incomes and some are even living purely off the profits they make.
Incredible Forex Leverage Ratios
So why does Forex trading offer such incredible earning potential? Well firstly the currency exchange market operates through brokers who offer some significant leverage ratios to their traders.
For example, you decide to purchase 10,000 US Dollars against Japanese Yen at 125.00. Next day you sell 10,000 US dollars and buy Yen at 126.00 making a profit of approximately $79. To fund this position you need a deposit of $100 not $10,000 since the rest of the amount is leveraged to you by your forex broker.
If you were to try and trade without any form of leverage you would make very minimal profits and it would not be worth your time trading.
This is the beauty of Forex trading, any individual trader, no matter what their starting capital, can experience the thrill ride of trading large amounts of currency and making big profits without depositing thousands of dollars.
Another factor that lends itself favorably to the earning potential of Forex trading is the fact that the market is open 24 hours a day. As one market is closing another is opening, Forex literally follows the sun around the earth - where the sun is shining the Forex is trading! This means you can be making profit 24 hours a day on Forex, particularly if you make use of an automated trading system.
The speed at which things change in Forex is also a major factor behind why currency exchange can be so profitable. Barely a second goes by without currency changing in value.
Unlike stocks are shares where you can be sitting on a trade for month, even years, waiting for the price to move favorably, currencies can make you a substantial profit within minutes or even seconds of you commencing a trade.
There are also no expensive commission fees to pay anyone in Forex. Brokers make their money from the difference between the buy and sell price of a currency. This means you never need to concern yourself with the thought that you will lose some of your profits to your broker - whatever you earn you can keep!
Stop-Loss Functions for Safer Currency Trading
The stop-loss functions of Forex trading platforms will also help you to make huge profits trading currencies. These work by you pre-setting an entry and exit point you are happy to complete a trade at.
For example, you know the figure you want to make from a trade and you also know the most you are willing to lose if things go wrong, so you set this up when you start your trade.
If the value of your trade reaches either of these upper and lower limits you trade will automatically execute. This puts a limit on your losses and ensures that you never lose more than you intend but you always profit as much as you envisage if things go in your favor.
All of these factors and more contribute to making online Forex trading one of the most profitable trading opportunities in the world. Those that get their strategy right are well known to be making millions every year from trading Forex.
If you are willing to put in the time to properly educate yourself and do not try to run before you can walk then you have a fantastic chance at making sums of money you never dreamed possible simply by trading currencies online.
Crude oil falls on weak global cues
Crude for the far-month August fell by 2.03 per cent to Rs 2,890 a barrel on the Multi Commodity exchange with trading volume of 40 lots. Similarly, the crude oil for July month contract lost 0.81 per cent to Rs 2,830 a barrel, clocking a business volume of 30 lots. Traders attributed the fall in crude oil mostly to weakening trend in global market. Meanwhile, oil prices continued to fall in Asian trade today as slumping US retail sales fuelled worries of a slowdown in global oil demand.
U.S. Business Inventories Down 1.3% in February
The drop followed a revised 1.3% fallback in January, which was initially reported as -1.1%.
From February 2008, inventories are down 3.5%.
The total business inventories-to-sales ratio was unchanged at 1.43. In February 2008, the ratio was 1.29.
Risk Warning
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Indian Prime Minister's statement: protest lodged with Indian HC
ISLAMABAD: According to a private TV channel, Foreign Office summoned Indian High Commissioner on Saturday and lodged a protest against the statement issued by the Indian Prime Minister about possible terrorist attacks during Indian elections.APP ADDS: Taking very serious view of the Indian Prime Minister's accusation about a possible terrorist attack in India from the Pakistan territory, Pakistan on Saturday asked India to provide specific information. The Indian Prime Minister during his public interaction has expressed apprehension about a possible terrorist attack from the Pakistan territory in India during the forthcoming Lok Sabha elections.The Acting High Commissioner of India was called on Saturday by Director General (South Asia), Ministry of Foreign affairs to convey that the Government of India share with the Government of Pakistan any specific information available with it which had prompted such an allegation by their Prime Minister. "It has been Pakistan's consistent position that countering terrorism requires pragmatic co-operation", a foreign office statement issued here said.
Toyota operating loss may hit $5 bn in 2009/10
- Toyota to revamp US operations:Report
- Toyota to launch Fortuner in India by September
- Toyota tweaks sourcing plan for small car plant
China forex reserves at US$1.95 trillion
China's reserves, already the world's largest, increased by US$7.7 billion in the first quarter - US$146.2 billion less than during the same period last year, the People's Bank of China said in a notice on its Web site.
The rise compared to a fourth quarter increase of almost US$45 billion, according to China's official Xinhua News Agency.
The slower rate of increase in China's reserves this past quarter could raise concern in Washington, where U.S. officials are depending on Beijing to continue buying treasury bills to finance a stimulus package. Other Western leaders, including British Prime Minister Gordon Brown, have called on China to contribute to a global bailout fund from its reserves.
The country's reserves have ballooned in recent years as the central bank has bought up dollars generated from its huge trade and influx of foreign investment.
But its economy has slowed recently due to a drop-off in trade brought on by the global financial crisis and a slump in the domestic real estate industry, although there are signs that trade picked up in March.
"The money is leaving the country anyway, so there is no need for the government to go out and buy dollars," Andy Xie, an independent economist based in Shanghai, said. "Inflow through buying properties and speculation was a big part of foreign exchange increase in the past few years, and we are seeing a bit of unwinding as new money is not coming in."
Foreign companies invested US$5.8 billion in China in February, down 15.8 percent from the same month last year, according to government figures.
Nearly half of China's foreign exchange reserves are invested in U.S. treasuries and notes issued by other government-affiliated agencies. China's Premier Wen Jiabao called on the U.S. last month to safeguard those assets as America's largest creditor.
In March, the reserves increased by US$41.7 billion - US$6.7 billion more than the same period last year.
Exports fell 17 percent in March from a year earlier, the fifth straight monthly decline but less severe than February's 25.7 plunge, the sharpest in a decade, the customs agency reported Friday. It said trade "showed clear signs of improvement."
Imports fell by 25.7 percent, widening the Chinese trade surplus to US$18.6 billion from February's US$4.8 billion gap.
Beijing has taken steps to hold down the price of exports by cutting taxes on exporters and stopping the rise of China's tightly controlled currency, the yuan, against the U.S. dollar. Economists say both steps could strain relations with trading partners if China is seen to be competing unfairly.
Forex Signal
What is the status of market confidence?
Can Dollar Hold Ground?
Dollar selling still continue, and this week we're seeing more and more of it, but the pair had a hard time clearing the 1.5850 resistance level on the way to challenging the 1.5900 all time highs against the euro.Perhaps the bears are starting to run out of steam. Certainly the economic data gave them little to chew on this week.Overall the results were a bit mixed as housing data and personal income showed some mild improvement but Durable goods once again missed to the downside. At best one could say that the US fundamentals have not become dramatically worse and that was enough to keep dollar bears at bay.The pair remains at standstill as traders look for new themes to develop. Last week we noticed that "With EURUSD having run out of stream at 1.5900 early last week, near term momentum has shifted to dollar bulls. They will however, need further negative surprises out of the Eurozone in order push the pair lower. Otherwise, assuming there are no additional exogenous shocks, the currency market may simply meander aimlessly for the rest of the week in very narrow trading range."The range for the time being appears to be contained within 1.5600-1.5850 zone but if it gets out of 1.6000 limits it can go even higher than that. However, next week the veneer of calm may be shattered by the event risk to come. The US calendar carries important releases nearly every day of the week with both ISM Manufacturing and Services possibly foreshadowing the state of the US labor market to be revealed in Friday’s NFPs. If data confirms the doomsayers worst predictions showing continuing contraction in US labor demand, the dollar may not be able to hold its ground and 1.6000 could give way. On the other hand if the numbers do not reveal a huge decline of –100k or more, the greenback may inch away from precipice and commence a much needed relief rally.
Oil crisis affect the USD. how exactly? find out.
CAD High Reward to Risk Trade
How long the risk appetite can maintain its rebound?
Euro Profitability chance against 1.4672
FXCM Holdings LLC Releases Financial Data: Over $100 Million in Capital
Highlights of the (unaudited) balance sheet include the following:
$145,072,098 In Capital (Assets Minus Liabilities)
$179,381,756 In Operating Cash (Excludes Client Funds)
Drew Niv, CEO of the global trading firm, commented: "FXCM is proud of our financial discipline and strong balance sheet. We believe clients should have the necessary information to make intelligent choices. By releasing this information, we hope to set an example for the entire forex industry."
FOR THE MONTH ENDED DECEMBER 31, 2008(Amounts in USD)
CUSTOMER CASH $252,844,782
OPERATING CASH $179,381,756
OTHER ASSETS $5,941,945
FIXED ASSETS $7,762,294
TOTAL ASSETS $445,930,777
CUSTOMER DEPOSITS $252,844,617
DEFERRED REVENUE $18,000,000
OTHER LIABILITIES $30,014,062
TOTAL LIABILITIES $300,858,679
FXCM CAPITAL $145,072,098
TOTAL LIABILITIES AND FXCM CAPITAL $445,930,777