Forex Range Bar Indicator

Forex Range Bar Indicator, Instructions:
1) set timeframe to M1
2) drag the indicator into your chart
3) check the "Allow dll import" box
4) set the tick range
5) go to "file" -> "open offline"
6) select "symbol,M2" (example - EURUSD,M2)
7) opened graph is a tick range bar chart

Comments:
Computes prices and volumes. Please, ignore times on the range bar graph, they are artifical. Remember to keep the M1 chart opened! Gaps that are shown on the range bar chart after opening it are caused by incomplete tick data in the minute chart - the MetaTrader does not store the each-tick data - only high/low/open/close. New bars printed live are based on every tick received until re-opening or refreshing the chart. Happy trading! wlas please visit www.woodiescciclub.com

taken from here
and direct download link here

Trading in an Automated Fashion

There are many ways to make money in today’s society however currency trading is gaining popularity. Although it may be gaining popularity, few people know how to effectively do it. This lack of experience is a major cause of failure in the business.

If the concept of Forex trading is new to you, then you must learn all the details of the system before jumping into it. It is known to be very unpredictable and will only be done correctly if you gain experience in currency trading.

For inexperienced traders and investors, the concept of automated trading system is certainly the best bet. An automated trading system, as the name suggests, does almost all the work for you. An automated trading system allows you to minimize losses in aForexa Trading.

In the Currency Trading Market, the automated trading system may not be the most efficient because of the natural competitiveness of the market. It even takes some time to be able to determine a good automated trading system. So the question remains as to whether or not a Forex trading system actually works.

It is important to find an automated trading system that includes Forex training videos. This is probably one of the most important features to look for in the automated currency trading system. If you use a trading platform that does not really coincide with the currency trading system, then you will most likely not do well.

Sign up for only those automated trading systems which send you regular updates for free. There are a number of aForex Indicatorsa which you must read about. How can one find an answer to the question- aDoes automated Forex trading systems work?a

The Forex market changes rapidly and it is important that you keep track of all the new news. A good and easy way to do this is to use the \”Forex News\” provided in updates with the automated trading system. Political news and financial news are important to the success of the Forex market.

The keywords \”trading spot forex\” can help you find a number of results on any of the asearch enginesa on the Internet. There is no denying the truth that Automated Currency Trading Systems work. Patience and in-depth knowledge of the Forex Trading are the two most important factors to be taken into consideration.

Daytrading Simulator - Beneficial Learning Before Trading Forex

You can use a daytrading simulator to learn a lot about Forex trading, or to sharpen the skills that you have already. Although it is not difficult to learn Forex, it will involve your time and dedication.

Once you understand the ‘big picture’, you’ll learn how the system works as a whole. Although from a mathematical view, everything is basically straight-forward. Learning and trading the Forex gets to be a bit daunting when you start getting into the market details.

If you desire to quickly learn some of the processes involved, a daytrading simulator will surely benefit you. Then if you’re serious that Fx trading is something you would like to learn in depth, begin reading all that you can on the subject. Books, seminars, online Forex courses, website articles, and ebooks are available. Don’t forget the free library too.

It really depends on your learning style. If you enjoy the hands-on approach, surely a daytrading simulator would be your best option to begin with. That would enable you to learn with realistic data, not just theories.

Since many places offer free daytrading simulators, obtaining good trading skills shouldn’t be a problem. In general, Forex companies give free Forex demo accounts to individuals, in hopes that when they are ready to trade with real money, in real time, they will become their customers.

Choose a Forex company, and sign up for their free demo account. You should then receive an email with your user name, password, instructions, and an access link to the simulator software.

Some allow access on a time basis, such as free two weeks, or a month or more. Other Forex companies will offer their simulator software with a dollar amount, such as $50,000 or a $100,000 or more, free account.

Many times, even if you’ve exhausted your funds or time, and are still not ready to use your own money to trade the Forex, the company will extend free use of the simulator. They do want your trading business, ‘ey?

Remember, you do not necessarily have to trade the Forex with the same company who offered you free use of their daytrading simulator. What is very necessary, is that you thoroughly research any Forex business whom you desire to trade with.

source : here

Fonterra May Sell Stake in Scandal-Hit China Venture

Fonterra Cooperative Group Ltd. may sell its stake in a Chinese dairy venture at the center of the milk scandal that killed four babies and sickened 53,000 children.

Fonterra, the world's biggest dairy exporter, said talks are under way on a third-party acquisition of Sanlu Group Co. The Auckland, New Zealand-based group owns 43 percent of Sanlu, which was the first of 22 companies in China identified as producers of contaminated baby-milk powder.

``Discussions are continuing around a number of facets of Sanlu's future,'' Fonterra Chief Executive Officer Andrew Ferrier said in a statement. ``These include the possibility of Sanlu being acquired by a third party.''

Last month, Fonterra wrote down the value of its Sanlu stake by 69 percent, or NZ$139 million ($85 million), because of the affect of the scandal on the company's brand. Selling the stake may enable Fonterra to re-invest in China, provided it can prove to the New Zealand farmers who are its shareholders that it can guarantee a secure supply of quality milk.

``There are some farmers saying `we've been burnt, lets get out of there,''' said Lachlan McKenzie, chairman of the dairy section of Federated Farmers Inc. ``It will be up to the company to show it can manage these risks.''

Chinese officials are investigating how melamine, a chemical used in making plastics and tanning leather, was added to raw milk before delivery to Sanlu's plant. Melamine artificially raises the protein content in diluted milk, allowing sellers to cut costs. In China, agents for processing plants collect milk from thousands of small farmers.

Supply Chain

``There has to be a change in the supply chain and the company has to demonstrate that'' before farmers will support new investment in China, McKenzie said in an interview.

The tainted-milk scandal has revived concerns about Chinese food-safety controls after previous scares over seafood, dumplings and pet food. More than 20 countries and markets in Asia, Africa and Europe have recalled or restricted Chinese dairy products after 20 companies including Sanlu and China Mengniu Dairy Co. sold contaminated products.

Concern that Chinese partners don't adhere to the quality standards of export markets might endanger the nation's ability to attract investment and technology.

Confidence Damaged

``Foreign investment will keep away from China's dairy industry in the short term,'' said Guo Changsheng, an analyst with Shanghai Securities Co. ``Consumer confidence over food safety hasn't recovered'' from the series of contamination scandals.

Last month, Ferrier reiterated that China is a ``core'' part of Fonterra's strategy. It owns a farm in China and also supplies the nation with products made in Australia and New Zealand.

Fonterra is involved in a number of discussions and the long-term future of Sanlu and Fonterra's stake ``remains uncertain at this stage,'' Ferrier said today.

``Any solution involving Fonterra's long-term involvement in Sanlu or other aspects of the Chinese dairy industry will hinge on us having sufficient influence over key aspects of the dairy supply chain,'' he said.

Feihe Dairy, a subsidiary of American Dairy Inc., was invited by the Chinese government yesterday to a meeting to discuss the future of Sanlu, Xinhua News Agency said, citing an unidentified company spokesman.

Newspaper reports yesterday said Beijing Sanyuan Foods Co. and Hangzhou Wahaha Group Co. are also interested in buying Sanlu. Pan Chang, chairman of Inner Mongolia Yili Industrial Group Co., said yesterday his company was also invited to the meeting, adding he ``hasn't thought about'' buying Sanlu.

Over the long term investment in China will rebound, Shanghai Securities' Guo said. ``No one can ignore the huge Chinese market.''

To contact the reporter on this story: Tracy Withers in Wellington at twithers@bloomberg.net.

source : Bloomberg

IMF Probes Strauss-Kahn in Alleged Affair

International Monetary Fund chief Dominique Strauss-Kahn is under investigation as to whether he abused his position by engaging in a sexual relationship with a subordinate, the Wall Street Journal reported.

There was an allegation concerning improper behavior of a personal nature on the part of the managing director, the newspaper said, citing Masood Ahmed, the IMF's director of external relations. Ahmed said all allegations, particularly relating to senior management, need to be investigated, according to the WSJ.

The investigation focuses on Strauss-Kahn's relationship with Piroska Nagy, wife of former Argentine central bank President Mario Blejer. Hungarian-raised Nagy was a senior official in the IMF's Africa department at that time, the newspaper reported.

Strauss-Kahn began approaching Nagy about an affair in December 2007, the WSJ said, citing several individuals familiar with the matter. The two exchanged e-mails about a possible intimate relationship, which commenced early this year during a conference in Europe, the individuals were cited as saying.

In a statement, Strauss-Kahn said the incident took place in January, as part of his private life, and denied any abuse of his position, the WSJ reported.

Continuing to Cooperate

Strauss-Kahn has cooperated and is continuing to cooperate with the IMF's outside counsel concerning the matter, the newspaper said, citing the statement.

The IMF has retained the firm of Morgan, Lewis & Bockius LLP to conduct the investigation, which is expected to be completed by the end of the month, the newspaper said.

The investigation comes 15 months after World Bank president Paul Wolfowitz quit less than halfway through his five-year term after the White House bowed to pressure for his ouster from European governments amid a furor over securing a pay raise for his companion.

The Wolfowitz controversy was sparked in April 2007 by staff complaints over his involvement in arranging a 36 percent raise for companion Shaha Riza in 2005, shortly after he took over at the Washington-based lender.

To contact the reporter for this story: Glenys Sim in Singapore at gsim4@bloomberg.net

Hong Kong Finance Chief Warns of More Challenges

Hong Kong Financial Secretary John Tsang warned of further economic challenges ahead for the city amid global financial turmoil, company closures and investment losses.

`The financial crisis will have a considerable economic impact on the economy, and people in Hong Kong should be ready for the challenges,'' he told reporters today after officiating at a ceremony. ``Still, Hong Kong's fundamentals and its system are healthy and our economy remains very strong.''

Tsang's comments came after three Hong Kong retailers and a toymaker collapsed within two weeks and as tightened credit conditions make it more difficult for smaller companies to refinance debt. Hundreds of Hong Kong investors protested in the streets last week over losses on so-called minibonds guaranteed by bankrupt Lehman Brothers Holdings Inc.

``We expect Hong Kong's economic activity will be very slow but still outperform other counties in Asia in the next six months,'' said Kenny Tang, director of Tung Tai Securities Co. in Hong Kong. ``China will contribute to Hong Kong's meager growth looking forward, and the city still has a solid financial basis, backed by its strong reserves and lack of foreign debt.''

Tai Lin Radio Service Ltd., a 60-year-old Hong Kong electrical appliance retail chain, was forced to close yesterday after accumulating HK$100 million ($13 million) debt.

Funds Frozen

U-Right International Holdings Ltd., operator of about 600 clothing outlets in the city and in China, had funds frozen after it was unable to meet a demand to pay HK$850 million of debt. Hong Kong's High Court on Oct. 6 appointed Deloitte Touche Tohmatsu as liquidator of the Hong Kong-listed company.

Smart Union Group Holdings Ltd., a Hong Kong-listed contract toymaker, said yesterday the city's High Court appointed two liquidators to take control of its assets. The company closed two factories in China's Guangdong province, Shanghai-based National Business Daily reported.

``The retail industry is definitely one that will be severely affected by the ongoing crisis,'' Tsang said. ``The health of small-to-medium-sized enterprises in Hong Kong is very important to us.''

Government Plan

The Hong Kong Association of Banks, which includes HSBC Holdings Inc. and BOC Hong Kong (Holdings) Ltd., agreed yesterday to a government plan to buy back Lehman's minibonds at market prices, after consumer allegations that sellers misrepresented the risks involved in the securities.

The Hong Kong Monetary Authority, the city's de facto central bank, said yesterday it referred to the Securities and Futures Commission 24 cases related to sales of the Lehman- guaranteed products.

``We're very happy about the banks accepting our buyback suggestion,'' Tsang said today. ``We will continue investigating some of the false-selling cases and establish a mechanism to facilitate dispute settlements between the banks and the investors.''

To contact the reporter on this story: Cathy Chan in Hong Kong at kchan14@bloomberg.net.

Sentiment Drops by Record; Starts Fall

Confidence among Americans fell by the most on record and single-family housing starts hit a 26-year low, posing an increasing threat to consumer spending that accounts for more than two-thirds of the economy.

The Reuters/University of Michigan preliminary index of consumer sentiment fell to 57.5 this month from 70.3 in September. The measure averaged 85.6 last year. Construction of single-family homes dropped 12 percent last month to a 544,000 annual rate, the Commerce Department said in Washington.

Today's figures show that the tightening credit crunch has spurred a further step down in the three-year real-estate recession. Falling property values, along with the crash in stocks, threaten to cause the first decline in consumer spending since 1991, and put pressure on the Federal Reserve to cut interest rates again this month.

``Even gasoline-price decreases were overpowered by the massive destruction of wealth,'' said Michael Feroli, an economist at JPMorgan Chase & Co. in New York who used to work at the Fed. ``Things are pretty awful in the economy and that should make itself felt through weaker consumer spending.''

Treasuries rose and stocks dropped. Benchmark 10-year note yields fell to 3.91 percent at 4:10 p.m. in New York. The Standard & Poor's 500 Stock Index fell 0.6 percent to close at 940.55.

Economists' Forecasts

The confidence index was forecast to fall to 65, according to the median of 61 economists surveyed by Bloomberg News.

Starts on all residential properties, including condominiums, slid to a 817,000 annual pace, below all 74 forecasts in a Bloomberg News survey.

Builders will find it difficult to lure buyers into the market after stock prices plunged this month and banks made it harder to qualify for a mortgage. Declines in construction are likely to continue to hurt economic growth well into 2009, extending the housing slump into a fourth year.

``Builders have stopped building in large measure, but they waited too long to stop building,'' Nicolas Retsinas, director of the Joint Center for Housing Studies at Harvard University, said in a Bloomberg Television interview. ``At this point they've got to clear the inventory.''

Recovery Delayed

The biggest housing slump in a generation was showing signs of nearing a bottom when financial markets began to implode in September, leading to the government takeover of mortgage finance companies Freddie Mac and Fannie Mae, the failure of banks and a $700 billion government rescue plan this month.

``These things are putting a new nail'' in the real-estate market's coffin, David Seiders, chief economist at the National Association of Homebuilders, said in an interview on Bloomberg Television yesterday. ``This sort of vicious feedback loop is still in play.''

Building permits, a sign of future construction, dropped 8.3 percent to a 786,000 pace, matching the lowest level since November 1981.

Starts of single-family homes dropped to record lows in three of four regions in September, led by a 24 percent slump in the Midwest.

The University of Michigan's index of consumer expectations for six months from now, which more closely projects the direction of consumer spending, dropped to 56.7 from 67.2.

Record Low

Its gauge of current conditions, which reflects Americans' perceptions of their financial situations and whether it is a good time to buy big-ticket items like cars, slumped to 58.9, the lowest level ever, from 75.

There was mixed news on price expectations. Consumers said they projected an inflation rate of 4.5 percent over the next 12 months, compared with 4.3 percent in the September survey. Over the next five years, the figures tracked by Fed policy makers, Americans expected a 2.8 percent rate of inflation, down from the prior month and the slowest estimate in a year.

Regular unleaded gasoline prices slid to an average $3.08 a gallon at the pump on Oct. 15, from $3.63 on Sept. 30, according to AAA.

Shoppers are paring expenses. Sales at U.S. stores open at least a year rose 1 percent last week from a year earlier, slowing for the eighth time in nine weeks, the International Council of Shopping Centers and Goldman Sachs Group Inc. said in a statement on Oct. 14.

Wal-Mart Stores Inc., the world's largest retailer, reaffirmed its profit forecast for the third quarter after shoppers seeking discounted groceries and household goods helped to boost the Bentonville, Arkansas-based company's September sales.

Consumers ``continue to look for basics for their families,'' Eduardo Castro-Wright, Wal-Mart's U.S. stores chief, said in an Oct. 8 statement.

To contact the reporter on this story: Shobhana Chandra in Washington at schandra1@bloomberg.net

source : Bloomberg

Dampak dari Krisis International

Berlomba Meyakinkan Investor

Pemerintah sadar betul ambruknya bursa, akan berdampak negatif bagi perekonomian nasional kedepan. Bahkan bisa terjadi krisis ekonomi kembali. Hal ini karena terjadi dua kata, yaitu “Krisis Kepercayaan”. Oleh karena itu pemerintah melakukan segala cara baik teknis maupun himbauan kepada pasar agar investor tetap yakin alias tidak kepercayaannya tidak hilang.

Mengapa kepercayaan itu penting?. Hal ini karena pasar finansial termasuk saham, digerakkan oleh ekspektasi. Ekspektasi itu berlandaskan dari kepercayaan investor. Misalkan dahulu investor “percaya” harga komoditas akan naik, maka investor memborong saham komoditas sehingga membuat harga saham komoditas membumbung tinggi. Itulah pentingnya kepercayaan dalam menggerakkan bursa.

Pada awal pekan lalu, pemerintah bersama Bank Indonesia (BI) mengumumkan bahwa kondisi fundamental ekonomi Indonesia masih kokoh oleh karena itu investor tidak perlu panik dan melarikan dananya keluar. Akan tetapi langkah ini masih belum berhasil, terbukti IHSG minggu lalu terus terpuruk.

Setelah itu pemerintah memutuskan agar BUMN melakukan buyback saham agar harga saham-saham BUMN tersebut kembali naik dan diharapkan akan membuat IHSG juga ikut naik. Tidak hanya itu pemerintah pun memutuskan akan menjamin dana di masyarakat di perbankan dari Rp 100 Juta hingga Rp 2 Milyar agar masyarakat tidak melakukan rush di perbankan.

Kesemua hal itu ditujukan untuk menjaga agar kepercayaan investor dan masyarakat tidak runtuh. Bila dilihat dari pergerakan IHSG kemarin, langkah-langkah tersebut cukup efektif terbukti dari IHSG yang naik , walaupun hanya tipis.

Kenapa Kepercayaan Begitu Penting ?

Pondasi ekonomi suatu negara yang kuat bisa hancur lebur bila sudah terjadi krisis kepercayaan. Bayangkan saja negara Amerika Serikat (AS) , Eropa, dan berbagai negara maju lainnya yang memiliki pondasi ekonomi sangat mapan bisa mengalami resesi seperti ini. Hal ini karena adanya krisis kepercayaan.

Indonesia juga pernah mengalami hal tersebut pada tahun 1997 silam. Pada saat itu hampir semua ekonom dan pengamat ekonomi mempunyai satu suara yaitu : Ekonomi Indonesia Masih Kokoh, apalagi Indonesia pada saat itu adalah negara dengan julukan “macan Asia”. Tapi tak disangka akhirnya ekonomi Indonesia mengalami krisis yang mungkin saat ini masih belum bisa dikatakan pulih.

Krisis Kepercayaan akan membuat investor melarikan dananya (capital flight). Adanya pelarian dana akan membuat kurs Rupiah melemah. Kurs yang melemah akan berdampak buruk bagi sektor riil. Mengapa? Karena sebagian besar bahan baku masih menggunakan bahan import.

Lalu sebagian besar barang modal dibeli dan dikredit dengan menggunakan dolar. Bila Rupiah melemah maka hutang dan biaya akan semakin meningkat secara Rupiah, padahal pendapatan sebagian besar dari sektor riil dengan Rupiah. Tentu saja bila hal ini terjadi akan membuat sektor riil tertekan.

Melemahnya sektor riil akan membuat sektor keuangan, salah satunya perbankan melemah. Pasalnya melemahnya sektor riil akan membuat daya penyaluran kredit semakin melambat lalu probabilitas kenaikan kredit macet meningkat. Akibatnya sektor perbankan berpotensi mengalami kemunduran kinerja. Hal ini akan menambah keruh suasana dan akan terus menambah krisis kepercayaan. Hasil akhirnya ekonomi akan sangat tertekan.

Oleh karena itu wajar bila pemerintah pontang-panting melakukan berbagai cara agar investor tetap yakin dan percaya kepada perekonomian nasional. Hal ini dilakukan juga karena belajar dari krisis 1997 silam yang dimulai dari adanya krisis kepercayaan.

sumber : VibizNews

S. Korea May Supply Extra $30 Billion

By Shinhye Kang

Oct. 18 (Bloomberg) -- South Korea may supply a further $30 billion to banks, companies and currency-swap markets to help bolster liquidity, Yonhap News reported, citing government officials it didn't identify.

The government is seeking to add the measure in a relief package that will be announced tomorrow, the Korean-language news agency reported.

The U.S. financial crisis is making it more difficult for companies worldwide to secure dollars as banks hoard cash to meet their future funding needs. South Korea's currency and swap markets are experiencing a dollar shortage as local businesses, which expect the U.S. currency to strengthen against the won, don't want to sell their dollars yet.

``Injecting more dollars will be good news for the whole South Korean financial market as its recent volatility came from a shortage of dollars,'' said Lee Sang Jae, senior economist at Hyundai Securities Co. ``But the measure will not fully solve problems until the U.S. financial market is stabilized.''

Under the proposal, the Bank of Korea may supply more than $10 billion in U.S. currency to the local won-dollar swap market and the state-run Export-Import Bank of Korea may provide $20 billion to banks and small businesses, Yonhap reported. The government had already promised to supply a total of $15 billion to small firms and the swap market.

1997 Bailout

The Bank of Korea said yesterday it will change rules in the foreign-exchange swap market to increase banks' access to funds. The measure helped the won, which fell 9.7 percent on Oct. 16, the most since the International Monetary Fund bailed out the country in December 1997, to rebound. South Korea's won has fallen 30 percent this year, the worst performance among Asia's 10 most-traded currencies.

South Korea may announce other measures, including guaranteeing bank debts and tax breaks for investors, to bolster confidence when the country releases a financial market stabilization package tomorrow. Finance Minister Kang Man Soo will announce it tomorrow at noon in Seoul, the ministry said today, changing the timing from an initial 2 p.m. release.

``We will take preemptive, decisive and sufficient measures,'' Kang told reporters in Gwacheon yesterday after an emergency summit among policy makers. Kang referred to the U.S. steps to inject capital into financial firms, guarantee interbank lending and expand deposit guarantees as measures Korea could consider ``if necessary.''

Bank Guarantees

The government should consider guaranteeing banks' debts, following similar moves in Australia, Europe and Hong Kong, to help lenders overcome difficulties obtaining offshore funding, Kwon Jae Min, a credit analyst at Standard & Poor's in Hong Kong said in an interview yesterday.

The government may also provide tax benefits to long-term share investors to help stem the Kospi index's decline, Vice Finance Minister Kim Dong Soo said on Oct. 16. The Kospi index dropped 2.7 percent yesterday to 1,180.67, the lowest level since October 2005.

Additionally, the country may provide won liquidity by purchasing corporate bonds, the Seoul Economic Daily reported today, citing government officials it didn't identify.

Other Asian countries may join South Korea in seeking measures to restore confidence in plunging financial markets.

Taiwan will announce tomorrow whether it will retain a narrowed limit on stock price movements, the financial regulator said in a press conference.

Price-Decline Limit

A decision to continue enforcing a limit of 3.5 percent on one-day share price declines, or restore the previous 7 percent cap, will be announced at 6 p.m. tomorrow in Taipei, Gordon Chen, chairman of the Financial Supervisory Commission, said at a press conference late last night, rebroadcast today on TV station CTi.

Taiwan doesn't let stock prices move more than 7 percent from the previous day's close. Regulators cut the downward limit in half between Oct. 13 and Oct. 17 to stabilize the market as share prices plunged because of the global financial crisis.

China's securities regulator said yesterday the government will unveil measures to stabilize the country's markets, while exhorting banks to avoid ``excessive'' financial innovation. China's benchmark stock index has plummeted 66 percent this year.

source : Bloommberg

Basic of Forex

Forex is a term that a lot of people have been stumbling across recently. It is being seen in advertisements, promotions, and commercial businesses more and more often. So a lot of people are asking and wondering what exactly is Forex and why should we care?

Forex is the business of making money through exchange of foreign currencies. The best answer for, what is forex is, it is an online home based business where a person involved does not have to refer, recruit or promote his business. It is an interbank market created in 1971 when international trade shifted from fixed to floating exchange rates. If you wish to deal in forex, you will need forex trading software and a broker company which will enables you to buy and sell different currencies through the internet.

In order to begin working you must first open an account with a trustworthy broker. Money that you deposit in the account is then increased and decreased based on strategic moves you make in the market. At anytime you can take out your accumulated funds.

Currencies are traded in pairs. The first currency in the pair refers to the base currency while the second currency in the pair refers to the quote currency. Buying and selling pairs are done against the other currency youave selected. Some of the most popular pairs include the Pound and US Dollar (GPD/USD), US dollar and Japanese Yen (USD/JPY), Euro and US Dollar (EUR/USD), and the US Dollar and Swiss Frank (USD/CHF). These are the most popular pairs that one bough t and sold over the internet.

If you have the question, what is forex, the simplest answer is booking profits through trade of currencies. Money is made in forex by buying cheap and selling expensive. If you buy the currency at a lower rate and after the rate goes up, if you sell, then you make a profit. Here the most important aspect is predicting and understanding changes in price of different currencies. You will lose money if are wrong in predicting price movements.

Currency prices can often be somewhat predicted using different kinds of analysis techniques. Two popular analysis are known as the technical and fundamental. These techniques are used to hopefully improve a persons long term goals and outlooks. However they will not help at all if you don’t know how to use them properly.

The foreign exchange operates 24 hours per day throughout the week and trading is done between individuals with forex brokers, brokers with banks, and banks with banks. All the world currencies are continuously in trade as the European session, Asian session or the US session is operating one after the other. Traders react to news and take the necessary steps to make profits immediately on getting news. They do not have to wait for the market to open.

Forex trading signals are provided by companies dealing in forex. Professional forex traders, currency analysts and individuals sign up with forex signal providers to help them with forex trading. A person can check trading signals via email or through PDA/mobile phone with the help of SMS and keep up to date with the latest changes. It is vital to react to news and changes in prices immediately to get the best earning opportunity. Forex gives people an avenue to earn income by operating from home. It provides a secondary source of income for people who have a steady job.

source : here

Dolar cenderung bergerak konsolidasi

Ulasan Fundamental

Perdagangan monetary sampa penutupan Pasar America secara keseluruhan Dolar menguat terhadap Monetary important. Yang global financial crisis Tengah dihadapi Hampi Seluruh Kawasan Telah menimbulkan kekhawatiran Akan reses Economy lebih dalam Yang. Bergugurannya berbagai Bursa Saham global investor Telah mendorong al beralih menginvestasikan dananya ke dalam Bentuk Surat berharga obligasi of Negara-Negara Yang memiliki Tingkat suku Bunga rendah Sebag safe heaven currency. Maka tak mengherankan Akhir ini-Akhir Mata uang seed pounds sterling, euro-dan aussy terdepresiasi cukup tajam, yen justru BISA menguat begitupun dengan dolar dan tertahannya pelemahan swiss Franch Karena Ketiga Negara ini secara berurutan Paling rendah Tingkat suku bunganya dibandingkan dengan Zona erop. U.K dan Aussy.

Untuk perdagangan monetary Hari Hari Senin, dengan data minimnya Economy Yang HOME NET Pasar Akan tertuju dengan certificate Gubernur central bank Ben Bernanke America. Akhir komentarnya Mengen kriseoos Economy Masih AS membutuhkan waktu pemulihan Yang cukup Lama Telah memicu sentimen negaitf ditandai dengan ambruknya Bursa Saham Dow Jones.

Untuk pergerakan Next. dipasar Asia dan erop Dolar kemungkinan Akan bergerak konsolidasi Other dengan uang Mata, memasuki Pasar pergerakan America's Green Back BISA bergerak lebih atraktif. Pernyataan Bernanke disambut Akan, paragraph pelaku Pasar Finance. Kita Akan Melihat How reaksi pergerakan Bursa Saham America selalu Yang korelasi ada dengan pergerakan dolar Sunday disaat Dow Jones ambruk, justru dolar menguat kecuali terhadap Mata uang Karena factor yen carry trade.

by : Hendi

FTSE jumps 5.2 pct, ends week on positive ground 17/10

British blue-chip stocks gained 5.2 percent on Friday as oil shares bounced on recovering crude prices, while UK pharmaceuticals forged higher as investors bet on upbeat earnings from their Swiss peers next week.
The FTSE 100 closed up 201.6 points at 4,063.0 points, ending 3.3 percent higher on the week. The index shed more than 20 percent the previous week, its worst week since the 1987 stock market crash. The week's gains follow weeks of brutal losses on world stock markets in the worst financial crisis since the Great Depression.

A rolling credit crisis has knocked about 37 percent off the FTSE 100 so far this year. Stocks bounced higher across Europe, shrugging off weak and skittish trade on Wall Street.

Energy shares led the advance, with BP and Royal Dutch Shell rising 8.6 and 8.4 percent, respectively. Oil rose back to more than $70. (RTR/MDY)

by : Denny Yahya

Forex Tester Software

Taken from here, we recomended you to use the software.

here is the detail :

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Asia Stocks Rise for First Week in Seven on Government Measures

By Chua Kong Ho

Oct. 18 (Bloomberg) -- Asian stocks rose for the first week in seven after money market rates fell as governments in the region stepped up efforts to unlock credit markets.

Mitsubishi UFJ Financial Group Inc. and Westpac Banking Corp. rose more than 6 percent as Singapore and Malaysia joined Hong Kong and Australia in guaranteeing bank deposits. Tokyo Electric Power Co. climbed 16 percent as oil prices traded at half their July record and investors sought companies whose earnings are sheltered from a slowdown in overseas markets. The decline in oil and metals prices dragged BHP Billiton Ltd., the world's largest mining company, down 11 percent.

``The focus is on what the next policy response will be and the movements of the short-term money markets,'' said Naoteru Teraoka, who helps oversee $21 billion at Chuo Mitsui Asset Management Co. in Tokyo. ``Long-term investors are sitting on the sidelines waiting out this period.''

The MSCI Asia Pacific Index climbed 1.6 percent to 87.29 this week, its first weekly gain since August. A measure of utility companies had the biggest gains among the index's 10 industry groups, with raw-materials producers posting the largest decline.

The MSCI Asian index had its biggest-ever advance and decline this week, as investors weighed the likelihood that governments will succeed in preventing a financial industry collapse and limit the severity of a global economic slowdown.

Japan's Nikkei 225 Stock Average surged the most in its 59- year history on Oct. 14 after U.S. and European governments said they will take stakes in banks. The measure had its biggest slump since 1987 on Oct. 16 after U.S. retail sales declined, finishing the week with a 5 percent gain.

Perceived Risk

Hong Kong's Hang Seng Index fell 1.6 percent in the week, the seventh weekly decline and the longest losing streak since October 2002, as the city's Chief Executive Donald Tsang said he doesn't rule out a recession.

Mitsubishi UFJ, Japan's largest listed bank, gained 7 percent to 760 yen. Commonwealth Bank of Australia Ltd. added 4.7 percent to A$41.41 in Sydney. Westpac Banking advanced 6.4 percent to A$21.48.

The Singaporean and Malaysian deposit guarantees on Oct. 16 followed central banks in the U.S. and Europe earlier in the week committing $2 trillion to rescue financial companies from the credit crisis. The pledges drove the MSCI Asia Pacific index up 12 percent on Oct. 13-14. Institutions worldwide have posted $660 billion of losses related to U.S. mortgage investments.

The rate Australian banks charge each other for three-month loans fell to 5.66 percent from 6.2 percent a week ago. Hong Kong's three-month interbank offered rate for local dollar loans dropped the most since Sept. 26, down 0.15 percentage point to 4.2 percent. Perceived default risk in the region also declined, with measures of credit-default swaps falling in Japan and Australia.

Crude Oil Declines

Tokyo Electric, Asia's largest power producer, climbed 16 percent to 2,585 yen. Kansai Electric Power Co. gained 17 percent to 2,250 yen. Both companies use heavy oil in some of their plants.

Crude oil futures dropped to $71.85 a barrel in New York this week, bringing its plunge from a July peak to more than 50 percent. A measure of six metals traded on the London Metal Exchange, including copper and zinc, fell for a fifth week on concern demand for base metals will drop as economic activity slows.

BHP slumped 11 percent to A$24.59. Rio Tinto Group tumbled 14 percent to A$62.62, while Jiangxi Copper Co. sank 10 percent to 10.43 yuan in Shanghai.

MSCI's Asian index tumbled 31 percent in the previous six weeks as credit markets seized up, economies slowed and companies failed, making the region's equities their cheapest ever. Shares on the index were valued at 9.8 times earnings yesterday, near a record low reached on Oct. 10.

``Valuations at the moment are pretty reasonable. What I am worried about is that earnings will have to be downgraded,'' said Hans Goetti, who oversees $10 billion in Asia as chief investment officer at LGT Bank in Liechtenstein (Singapore) Ltd. ``When you have an oversold situation, you can buy almost anything because it's a snap-back rally.''

source : Bloommberg