Monday, January 21, 2008

The "UGLY" Beauty Contest

I remember reading one of the report in the local newspaper which the statement made about currency market that this year will be just like the "ugly" beauty contest.According to the report that it is very alarming that the US Federal Reserve chairman publicly say that more interest rate cuts may be necessary because the US economic outlook has worsened. This statement is actually worsened the global economy,evident from the projections made by most countries of a much slower growth pace compared with 2007.
Can a country withstand this impact depends much likely on the rate of dependencies to the US economy. Countries which have greater diversity of market dependencies other than the US has greater chance of surviving through the effect of the US economic recession or may perform at slower growth.
However the beauty of the ugly might turn out to be the winner for some smart traders. So look out for one.

Posted by SPECTRUM at 3:35 AM

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Daily Outlook

Forex? What is it, anyway?

The market
The currency trading (FOREX) market is the biggest and fastest growing market on earth. Its daily turnover is more than 2.5 trillion dollars. The participants in this market are banks, organizations, investors and private individuals, just like you. (click here to read full market background by Easy-Forex™).


The goods (merchandise)
Markets are places to trade goods, and the same goes with FOREX. The Forex goods are the currencies of various countries. You buy Euro, paying with US dollars, or you sell Japanese Yens for Canadian dollars. That's all.

How does one profit in Forex?
Obviously, buy cheap and sell for more! The profit potential comes from the fluctuations (changes) in the currency exchange market. The nice thing about the FOREX market, is that regular daily fluctuations, say - around 1%, are multiplied by 100! (in general, Easy-Forex™ offers trading ratios from 1:50 to 1:200).
How risky is Forex trading?
You cannot lose more than your "margin" (your initial investment)! You may profit unlimited amounts, but you never lose more than what you initially risked. However, risk only what you can afford and is not vital for your well-being.

How do I start trading?
Register (Easy-Forex™ offers the simplest and quickest registration process, no obligation); deposit your first trading "margin" amount (credit cards are welcome, only by Easy-Forex™); start trading.

How do I monitor my Forex trading?
Online, from anywhere, anytime. You have full control to monitor status, check scenarios, change some terms in the deal, or close it.

Want to know more?
Want to get on-line training? Register here (quick, no obligation), we'll be glad to guide you, every step of the way.

Good luck!
Forex trading involves substantial risk of loss, and may not be suitable for everyone.