Archive for ‘2009’

Articol scris in limba romana, dar cu o traducere viitoare in limba engleza

Produsele asa zis naturale au luat un avant acum vreo 3 ani, cand piata a inceput usor usor sa preia stilul de viata sanatos intalnit la multe din tarile europene, chestie adusa ba de romanii care au fost pleci in strainatate fie pur si simplu moda a ajuns in tara iar oamenilor le-a placut sa traiasca natural si sa arate mai bine.

In 3 ani s-a dezvoltat o intreaga afacere de produse naturiste in Romania. Au aparut sute de firme care vindeau zeci de produse naturiste de toate feluri, ba mai ieftine, ba mai scumpe. Odata cu ele au aparut insa si produsele de proasta calitate, cum e in orice industrie, importate la preturi mici din tari anonime si vandute la preturi mici prin Romania. Am auzit vreo cateva cazuri in Romania in care nu au nimerit acele plante iar persoane au avut de suferit, pentru ca acele plante pe care le inlocuiau erau intr-un fel toxice.

Cert e ca piata e in ascensiune, iar produsele de genul continua sa se vanda, pentru ca lumea vrea sa fie sanatoasa. Nu a ajuns inca la nivelul celorlalte tari europene, iar aceasta piata sta momentan, mai ales datorita crizei financiare

Not to many changes on our real estate market. The prices in some citites went a little bit down, but not significant.

For example a studio now costs about 30,000 euros, with 2% less than a month ago. In Sibiu, Bucharest and Ploiesti situation is exactly the same. In Brasov prices remained the same, and in Cluj Napoca and Constanta prices have climbed by about 5% than last month.

The fact is that in every city you go should not get enough money from his pocket to sit in a fucking studio. But so is Romania, you can not compare our market with English or the American market.

Well, i didn't wrote for a long time, the need of money made me have less time to came around with interesting informations about stock, forex and finances market. But I hope i can add articles soon again, because the blog started to have some visitors and i don't want to dissapoint them.

So, 2 new articles today and tommorow. Just check them in a few hours :D

Germany, Italy, France and Sweden have announced that next year will decrease taxes to stimulate the economy. Other countries, like Spain, is preparing to increase taxes in an attempt to reduce its huge budget deficits of crisis.

Stimulating business will bring more money in the budget, and so we can reduce the deficit, said German Chancellor Angela Merkel. She thus justified the decision to reduce taxes for companies and individuals in 2010 to 24 billion euros.

The announcement comes after Germany and other European countries have taken similar decisions. In Italy, Prime Minister Berlusconi announced that consider reduction of taxes to support economic activity. The move was criticized by the Minister of Economy, Giulio Tremonti, a follower of budgetary rigor, which has threatened to resign. Italy followed the example of France, which reduced charges companies, a decision will be a tax exemption of 11.7 billion euros for companies in 2010.

In turn, the government of Sweden announced income tax cuts to stimulate employment. Unlike the measures of fiscal relaxation in these countries, there are states that are preparing to raise fees next year in an attempt to reduce deficits, Spain being one of them. Regardless of the method it will address the Member States, the European Commission urged European states that by 2011 to reduce the budget deficit closer to the level of 3 percent of GDP.

Bucharest Stock Exchange has deepened in the mid-session Monday falls on lower trading volumes, SIFs accounting for the highest decline in the market of 1.45%.

BET, which shows changes in the ten most liquid securities listed on BSE, decrease by 1.05% to 4626.98 points, while the composite index, BET-C, down by 1.33% to 2784, 62 points.

BET-FI, of the five financial investment companies (SIF), lost 1.45% to 23,032.06 points and the index ROTX, played at the Vienna Stock Exchange, down by 0.95% to 9770, 62 points.

BET-XT, the most liquid 25 securities, lost 1.24% to 455.06 points and the BET-NG, which reflects the evolution of ten titles in the energy sector of the stock exchange, down to 1.31 % to 614.56 points.

European stock exchanges recorded significant light at about 13.Thus, the most important representative index of 100 stocks listed on the London Stock Exchange, FTSE, grew by 0.37% to 5261.72 points and in Frankfurt market index, DAX advanced by 0.74% to 5782 , 71 puncte.Indicele the most solid 40 shares on Euronext Paris CAC-40 increased by 0.59% to 3830.67 points.

Actions SIF Oltenia (SIF5) were the most liquid market with a turnover of 471,400 lei, and the cost of 1.72% to 1.14 lei. On the same segment, securities SIF Moldova (SIF2) lost 1.89% to 1.04 lei.

On Banking segment, the share price BRD SocGen (BRD) down to 0.77% to 12.90 lei, while titles Banca Transilvania (TLV) is badly by 0.56% to 1.79 lei.

Regarding the energy sector, shares in Petrom (SNP) is cheap by 2.05% to 0.286 lei, while those of Transgaz Medias (TGN) lost 1.6% to 154 lei.

Supplier and distributor Electrica SA has set for 2010 of around 100 million euro investment in the power grid of the three branches, Electrica Muntenia Nord, Electrica Transilvania Sud and Electrica Transilvania Nord and the production of electricity from wind sources.

"Next year we want to maintain our investment of about EUR 25 million on each of the three distribution subsidiaries, the company's power grid, and lines of high, medium and low voltage. To these are added and investment 20 million euros, the central unit, that is our objective in terms of electricity production from renewable wind, "said meet director general interview NewsIn Electrica SA, John Folescu.

He stressed that as the value of investments that the company will do next year is 15 million euros higher than this year.

"The three branches, Electrica Muntenia Nord, Electrica Transilvania Sud and Electrica Transilvania Nord, investments will be similar to those of this year. However, the Central Unit in 2009, investments were approximately 5 million euros, compared to the 20 million that we want to allocate next year, "said John Folescu.

Director General Electric noted that the investment strategy seeks compliance with qualitative parameters in the supply of electricity, and lack of voltage fluctuations, aesthetics and safety supply facilities.

Electrica SA has proposed the development of renewable generation capacity of about 375mW to meet requirements of green certificates from their own, that of wind power 150mW, 200mW and 25mW biomass of hydropower. Currently, these projects are in feasibility study phase.

The branches of distribution and supply of Transylvania and Wallachia (Electrica Transilvania Nord, Electrica Transilvania Sud, Electrica Muntenia Nord) and the subsidiary Electrica Serv Electrical serves approximately 5 million customers. Electrica's majority shareholder is the Ministry of Economy.

At group level, the company had in 2008 a number of Business 5.9 billion and a gross profit of 1.5 billion lei.

Former Finance mnistru Varujan Vosganian argued, Sunday, in Cluj, the Government allocated money Boc political clientele, increasing the deficit to 8-9% of gross domestic product (GDP), reported NewsIn.

Vosganian said in a press conference that the government secătuieşte Treasury and finance areas of interest of PDL.

"This provisional situation of PDL is used to drain the Treasury accounts. In recent weeks there has been an astonishing centrifugal force from the Treasury to areas of interest of PDL, and perpetuate this situation would threaten irreversible achieve budgetary deficit is so enormous, the 7.3%. In our opinion, if the Government Boc stay in power until after the elections - and it's possible that intimate option Traian Băsescu and therefore it is causing us all sorts of proposals no odds - it is possible that budget deficit to rise above 8% and to increase public debt to 15 billion euros in 2009 ", said Liberal spokesman, adding that" degringolada "the economy will endanger the chance of economic realansare Romania.

Vosganian stressed that "sources of PDL client" of local government are targets of a "bleeding" of one hundred million euros "for local government current expenditure, which were not provided in the central budget.

"We will follow the Official Gazette and you'll see there are those destinations. I, in terms of macroeconomic indicators, it can tell you right now that the budget deficit may rise to 9% of GDP, leading the central government budget to a deficit of over 40 million lei, amazing for Romania in 2009, "Vosganian also said.

In turn, President PNL Cluj, Marius Nicoara senator claimed that belt to work around Cluj-Napoca, bid at 46 million lei, will end up costing the government budget of 150 million, the last payment was approved in recent weeks .

Murfatlar had a record production of wine, up 37% from last year, and said to be the best, not just more. 

Murfatlar announces a record production of wine after the end of harvest in 2009, up 37% from last year, announced today the manufacturer.

Wine production is a significant leap in 2009, to 30 million liters of wine, of which 9 million liters of red wine and 21 million liters of white wine. In 2008 it was only 22 million liters of wine.

Murfatlar representatives say that the quality of wine in 2009 will be just fine. "Temperatures were ideal for life this year, reflected both in quantity and in quality wines that will carry the label in 2009. Red wines will have a very special quality, estimating the peaks and white wines, "wrote the company in a statement.
Murfatlar is the market leader and believes that because this production will exceed the figure of Business Last year, 170 million lei. 

Online giant Google will continue to invest to bring new products on the local market, considered very important in the company's plans, according to Google specialists, who will participate in RoNewMedia 4.0, the fourth edition of the most important event dedicated online industry, organized of F5, a new media company trust CBS Company. 

"Google has already invested in bringing more products of local users in Romanian. We are very pleased with how users in Romania have accepted and use our products and we continue to invest to bring more products to this market, "he told Business Standard Hrabren Suknaic, regional manager Adriatics, Romania & Bulgaria.

He added that Google has always evaluază investments on the Romanian market, but in terms of opening an office in Romania, he explained that it is not in a position to provide information at this time. However, says Suknaic, the gap between Romania - and other countries of Central and Eastern - and Western countries is quite high in terms of Internet penetration, but the region begins to exploit the full potential of internet and online advertising .

Romania has attracted only 435 million euros in structural funds allocated in 2007-2009. The amount represents less than 8% of the value of 5.6 billion euros earmarked by the European Commission over the last three years. Of the seven operational programs that may be attracted European funds, the largest percentage of absorption is recorded at the Economic Competitiveness.

It was only this sum because some big frauds made in 2003-2006 period, when a lot of mayor's take UE funds and use it for something else that they should be.

Over 16% of funds allocated for this program came to beneficiaries, who are mainly small and medium enterprises. The lowest level of absorption, near zero, it has been for local programs. These findings should be, according to data centralized by the Structural Instruments Coordination Authority of the Ministry of Finance.

"In 2007 did not do anything. Only in 2008 have been approved by Brussels authorities management programs were launched and began to be made first projects, "explains Radu Clear, consultant on European funds. According to him, it is too early at this point to achieve a real appreciation of the amounts absorbed, as Romania has greatly delayed the procedures for accessing EU funds.

 

The company Lukoil Romania, member of Russian Lukoil group, the more expensive gasoline and diesel with 3 cash per liter, from Friday, according to data posted on the oil company portal.

Currency values after 5-9 October 2009 period in Romania:

I just watched a video from money.ro in which our economy minister Pogea barely touch this subject. They want to increase the VAT from 19 to 21 %. A measure that will ultimately bring to their knees a lot of companies, espacially because they can't get discount of it since april, when a lot of discount procedures were disabled.

Ultimately the economy minister want that only the big companies to stay on their feet and to destroy any minor companies that were on in the last years. In this way they'l have the control again, like 7-8 years ago.

And this ongoing crisis just give them the motive.

Voxline Communications, a provider of mobile marketing applications, call center and web applications, has invested 100,000 euros to launch the Clip in Touch, a service company in particular for mobile advertising campaigns, which may share personal videos.



With the new service, which is available from the beginning, companies can create and share videos directly to mobile phone user and the application is available for phones with camera, Internet connection and support mobile java2me technology.

CB reference rate rose by about half a penny Wednesday (0.13%), at 4.2673 lei / euro, on a quiet market with few transactions, the lion followed the evolution of other emerging currencies in the region.

Tuesday, the central bank show a course reference of 4.2619 RON / EUR.

"The market is relatively calm, and the lion has a tendency to start hearing impairment, in keeping with the region," said, for NewsIn, Ciprian Mihai, head of the treasury department Volksbank Romania.

European currency to buy the debut meeting with 4.2650 lei, after the exchange rate dropped to 4.2560 units per euro, then ieftinească lion to almost 4.27 units per euro. At 13:10, one euro bought 4.2624 banks and sells it with 4.2714 lei lei.

The unemployment rate calculated for persons aged 15 and 74 who did not work, but are available to work and sought a job last month, fell in the second quarter of 2009 by 0.6 percentage points from the previous quarter to 6.3%, announced Monday INS.

Data published by the National Statistics Institute (INS) shows that the unemployment rate, calculated according to the criteria the International Labor Office (ILO), was in the range from April to June by 0.7 percentage points higher compared to same quarter of 2008.

By gender, the difference between the two ILO unemployment rate was 1.9 percentage points (7.1% for men and 5.2% for women), while the average residential difference was 3.2 points percentage (7.7% for urban areas, versus 4.5% for rural).

ILO unemployment rate was the highest level - by 19.2% - among young people aged between 15 and 24 years.

The active population has exceeded 10 million people in the second quarter

Active population of Romania was in the second quarter of this year, to 10.008 million people, up from 9.7 million persons in the previous quarter, of which 627,000 were registered as unemployed by the Romanian, according to ILO criteria.

Activity rate of population aged 15 and 64 years rose to 63.4% from 61.8% in first quarter.

Economic dependency ratio (the number of inactive and unemployed incumbent in 1000 of persons employed) went down to 1292 ‰, 1379 ‰ in the period from January to March. It continues to be higher for women (1603 ‰) and for people in urban areas (1339 ‰).

Employment rate of working age population (15-64 years) in Romania was 59.2% in the second quarter of 2009, at a distance of 10.8 percentage points to 70% target set for 2010 by Lisbon Strategy.

The occupation had a lower level than in the corresponding quarter of 2008, by 59.7% but was 1.8 percentage points over the previous quarter.

As in previous quarters, this indicator had higher values for men, 65.6% against 52.9% for women and for people in rural areas, by 62.2% to 57.1% in urban areas. Employment rate of young people between 15 and 24 years was 24.5%.

In the second quarter, ILO unemployment rate, at 6.3% was almost 0.5 percentage points higher than registered unemployment rate of NAE for the second quarter of this year (5.7% in April, 5.8 % to 6% in May and June 2009), the two rates of unemployment (ILO, respectively recorded NAE) is not comparable because the reference periods and different coverage.

"Data source is a statistical survey on employment in households (AMIGO), which is a quarterly, in accordance with European Parliament and Council Regulation no. 577/1998 on the organization of selective surveys on employment in the European Community ", the communiqué also says INS.

Dinu Patriciu is the richest Romanian in 2009 in the top publication prepared by Forbes Romania. Dinu Patriciu's fortune stands at 2.2 billion euros. The second position, with 1.2 billion euros, is Ion Niculae, owner InterAgro group. With over 850 million, Ion Tiriac, third in the ranking of the richest Romanian.

Fortune's 500 people present in the top of Forbes totaling 29 billion euros, or 21 of Romania's gross domestic product in 2008. But it is 25 percent lower than last year. Of the 500 billionaires, 314 had losses and 87 have profited from the crisis.

According Forbes Datas, the man who lost a lot of money is George Becali, his fortune being reduced by 525 million dollars. Steaua Bucharest owner has now only 200 million dollars and is on 27th place on Forbes Top.

The global crisis has redesigned the map of the world economy to benefit emerging economies such as China, but experts doubt its capacity to generate a single, global growth, the way they did the United States in recent decades.

"The crisis has increased the movement from West to East" of the global economy, a summary Niall Ferguson, professor at Harvard Business School, in a debate organized by the BBC in Istanbul on margin general meeting of the International Monetary Fund and World Bank.

Over 800,000 employees of public administration, health and education will cease, months, so that children will not go to lessons, hospitals will not only urgent admissions and customs, pension funding counters or the local government will be closed.

Thus, the general directions will be closed Monday for public finance, tax administrations, the directions of tax collection, pension houses, unemployment, municipalities and customs. In some schools, kindergartens and nurseries will only provide supervision of children, but will not become lessons.

U.S. authorities have closed three banks in states Minnesota, Michigan and Colorado, going up the total number of banks closed early at 98, in the context of the largest economic crisis of the last 70 years, according to Bloomberg.

Thus, the Federal Deposit Insurance Corp. (FDIC) deposit guarantee scheme administrator in the U.S., announced Friday by the close supervision of two banks - Jennings State Bank of Spring Grove, Minnesota, and Warren Bank in Warren, Michigan. A third bank is closed Southern Colorado National Bank in Pueblo, Colorado.

FDIC Friday announced bankruptcy will cost 293.3 million U.S. dollars.

The FDIC said it will continue to guarantee bank deposits and do not require a change in the relationship with the bank for a customer to be insured.

Bankruptcies in the U.S. bank this year reached the highest number after the crisis of the early 90s, given that creditors continue to be under pressure, especially on the mortgage loans. Unemployment reached its highest level in September for the past 26 years in the United States so that banks still have customers that can not pay rates on loans.

Last year, 25 American banks were closed by the government, up from three in 2007, over 120 bankruptcies dibn past two years epuizând much of FDIC funds.

Guarantee scheme manager hopes to get 45 billion dollars in three years prepay by bank contributions to the FDIC.

The government expanded the program of de minimis aid for development and modenizării SMEs by including among the beneficiaries and companies in the field of cooperatives, announced Premier Emil Boc, stating that they have been allocated 100 million for the period 2009 to 2011.

According to Boc, the Romainian Prime-minister, firms in the field of cooperatives were omitted from among companies receiving de minimis aid.

The Premier said that, of the 100 million euros, 20 million will be paid in 2009 and 40 million each in 2010 and 2011. Are non-refundable aid.

Source: money.ro

The currency values on market on 2nd of October 2009

All stock market values are for romanian leu coin:

The currency values on market on 2nd of October 2009

All stock market values are for romanian leu coin:

O sa fie unul din rarele posturi in limba romana, asa ca voi fi scurt. Despre echitatie nu stiu atat de multe ca sport, o spun cu sinceritate. De urmarit mi se pare extraordinar de plictisitor, dar pentru cei care calaresc probabil ca e palpitant.

Cert e ca in strainatate ( si mai ales in statele unite) echitatia este destul de cunoscuta, doar se fac si curse de cai - curse pe care se pariaza o groaza de bani. La bursa nu prea stiu sa fie listate cluburi de echitatie, asa ca nu prea stiu ce sa spun in domeniul asta.

Cert este ca echitatia este cunoscuta in afara. La noi insa fenomenul nu este chiar unul....de marca, la fel cum este fotbalul. Sunt foarte putine locuri in tara unde poti gasi trasee pentru echitatie ( un loc in care am fost este Arsenal Park ) si se aloca bani putini pentru asta. De aceea sportul acesta nici nu ne-a adus vreo medalie olimpica sau mondiala.

Cu criza actuala, sunt putine sanse ca in urmatorii ani sa se dezvolte acest sport.

I don't find anything interesting into forex this days so I've start doing something else. Mostly listening music on the web, and i have 3 good songs for you:


DJ Tiesto – Power Mix
50 Cent – Flight 187
Madonna – The power of Goodbye

Tiesto is for clubbing, 50 Cent is new on the market with a new song and Madonna have some good songs that inspired me somethimes.

More to come if I don't have anymore forex news. 

Bursa de valori Bucuresti - Tranzactii 09.09.2009
Capitalizare Bursiera / Market Capitalization							Indici / Indices
	mil. LEI	mil. USD	mil. EUR					Valoare /Value	Var.	Var. (%)	Max/ High	Min. /Low
Total	77,887.15	26,583.55	18,342.36				BET LEI	4,343.49	-11.64	-0.27	4,379.40	4,322.52
Exclusiv SIF / Excluding SIF	74,589.33	25,457.98	17,565.72				BET-C LEI	2,546.39	-11.73	-0.46	2,564.20	2,539.14
Capitalizare SIF / Capitalization SIF	3,297.82	1,125.57	776.63				BET-FI LEI	24,130.36	687.80	2.93	24,700.18	23,178.33
							ROTX LEI	9,191.10	-40.71	-0.44	9,240.65	9,151.84
							BET-XT LEI	435.15	2.74	0.63	440.34	429.47
Total tranzactionare / Trading totals							BET-NG LEI	554.06	5.04	0.92	554.23	544.35
	Valoare / Turnover value			Volum / Volume	Tranzactii / Trades
	LEI	USD	EUR				BET USD	1,135.63	-3.32	-0.29
TITLURI DE CAPITAL / EQUITIES							BET-C USD	742.00	-3.60	-0.48
Actiuni / Shares	41,324,700.65	14,104,474.77	9,731,931.48	69,306,687	7,615		BET-FI USD	20,811.85	588.38	2.91
Drepturi/Rights	0.00	0.00	0.00	0	0		BET-XT USD	389.74	2.36	0.61
TOTAL	41,324,700.65	14,104,474.77	9,731,931.48	69,306,687	7,615		BET-NG USD	496.32	4.40	0.89
TITLURI DE CREDIT / DEBT SECURITIES							BET EUR	3,572.34	-16.42	-0.46
Obligatiuni / Bonds	12,732,149.29	4,345,591.76	2,998,410.21	15,734	5		BET-C EUR	1,638.79	-10.70	-0.65
TOTAL	12,732,149.29	4,345,591.76	2,998,410.21	15,734	5		BET-FI EUR	12,361.38	329.39	2.74
							BET-XT EUR	355.80	1.56	0.44
OPC / Collective Investment Undertakings (Funds)							BET-NG EUR	453.12	3.26	0.72
Actiuni / Shares	0.00	0.00	0.00	0	0
Unitati de fond / Units	30,826.90	10,521.49	7,259.71	859	19
TOTAL	30,826.90	10,521.49	7,259.71	859	19
PIATA LA TERMEN / DERIVATIVES MARKET
Futures	42,500.00	14,505.61	10,008.71	10	1
TOTAL
TOTAL GENERAL / GENERAL TOTAL	54,130,176.84	18,475,093.63	12,747,610.11	69,323,290	7,640

The Official Gazette of Romania, Part I, no. 482 dated July 13, 2009 was published Law. 276 of July 7, 2009 approving Government Emergency Ordinance no. 212/2008 amending and supplementing Law no. 146/1997 on judicial stamp duties.



The changes to actions and applications be monetised, introduced in court, is charged as follows:



a) up to value of 50 lei - 6 lei;

b) between 51 lei and 500 lei - lei + 6 that exceeds 10% to 50 lei;

c) between 501 lei and 5,000 lei - RON 51 + 8% for that exceeds 500 lei;

d) between 5001 lei and 25,000 lei - 411 lei + that exceeds 6% for 5000 lei;

e) between 25,001 lei and 50,000 lei - lei + 4% for 1611 that exceeds 25,000 lei;

f) between 50,001 lei and 250,000 lei - lei + 2% for 2611 that exceeds 50,000 lei;

g) over 250,000 RON - lei + 1% for 6611 that exceeds 250,000 RON.



Also, the aforementioned provisions shall apply accordingly and requests for declaration of nullity, cancellation, or termination rezolutiunea patrimony of a legal act, and calls on finding whether or not an economic right, the request for reinstatement of the parties in the previous situation is free of charge stamp if it is ancillary to the request for declaration of nullity, cancellation, or termination of the legal act rezolutiunea patrimony.



The court also mentioned that the stamp duty paid in cash, by transfer or on-line, in local budget account territorial-administrative unit in whose radius is domiciled or, where appropriate, established tax debtor, that the units banking in local budget account the administrative-territorial operations transfer costs being borne by the tax debtor.



Judicial taxes to be paid for issuing a request for order for payment is charged, as before, with 39 RON.



Actions, claims and contestaþiile brought under Law no. 85/2006 on the procedure insolvenþei, with subsequent modifications and additions are charged with 120 lei.

Whether are learning to drive a car or trade in the Forex market you benefit from the experience and knowledge of others. None of us ever really believe that we are an expert at something as soon as we try it for the first time. For this reason, unless you are already maintaining a healthy bank balance trading Forex then you can benefit from a tutorial in Forex trading.

A tutorial in currency trading will help to teach you the basics, and even if you have been trading currencies for a while then you may still learn something new. You see, the Forex market is pretty complex and therefore it can take years to master it. For this reason taking the time to learn as much as possible will save you money in the long run.

Not too long ago it was almost impossible to find anyone offering any kind of training or tutoring in Forex. This was mainly because trading was only open to large corporations and businesses. The situation is completely different nowadays as the Internet boom has opened the doors to individual traders and that has led to a massive increase in the number of courses and tutorials available.

Training can be done online or in a classroom depending on your location and preference. There are so many ¡®learn at home¡¯ courses available now that if you think that is the way to go then all you have to do is pick one. Classroom learning is a little different since you may find yourself having to travel fair distances to get to your nearest course.

We all want to make money from trading, and we all want to make millions from the stock market of the forex market. However it is a well know fact that over 90% of traders will in fact go broke and not become successful. So if we are to look at who does become successful there is a group of people that tend to become more successful than others.

There is a group of individuals who tend to make the better traders and their non mathematicians or College educated, they have a skill that anyone can actually learn and their very successful. The group of individuals I am referring to are...

Professional card players who are great at Blackjack and poker and the exact same skills you need in these games are the ones you need in Forex before we explain why lets dispel one of the greatest myths about Forex Trading:

One reason for this is if you watch all great card players, they will all have one common trait, which is patience. They also realize that they cannot win every hand, and as traders we cannot win every trade. If we understand this we are increasing our chances of success as a trader.

We also must realize there is more trading days to come, as there is more cards to be dealt. So if we miss a trade, don't trade for trades sake.

Today the Forex Market has become very saturated and confusing with all the choises and options, both online and offline to begin your research on trading and making money. Where do you start, and unless you have several free hours I couldn't list all of them here.

In the market place today we can find seminars, articles, workshops, video tutorials, and books on the topic of how to make money currency trading. Everything from honest forex trading ideas, forex reports to Forex Scams. So if we are new to the market how do we not get ripped off?

If you decide to go with a broker, it's wise to consider all the various brokers' systems available to you before making your choice. If you are looking for the best Forex Broker have a look at the CFD FX Report they have recently reviewed all the forex brokers in the market and come with who they believe to be the best you can view here The CFD FX REPORT

A well designed trading system will reduce your work dramatically. This in turn gives you time to focus on studying the market and plotting your strategy.

If you're like me however, there never seems to be enough time in the day between my family obligations and work to put in the serious study it takes to master the Forex market.

It is a pretty steep learning curve, and it can be pretty daunting at first for someone just learning how to trade.

It is more than likely the oldest technical analysis tool available to Forex traders, Japanese candlesticks. Japanese Candlestick charts were developed in the 18th century by a man named Munehisa Homma. Munehisa Homma developed candlestick charts to analyze the price changes of rice contracts. He traded these contracts and was considered the best trader of his time. He became a very wealthy man for the sole use of these candlestick charts.

So what is a candlestick chart?

In simple terms the Candlestick charts is the Japanese Candlestick Charts, are simply a way to show price movement.

The charts are both very simple and powerful and when used effectively are one of the most profitable trading tools available. They are similar to line charts but much easier to read and interpret. They consist of a body, with or without a wick at each end. The body shows the opening price at one end, and the closing price at the other. The wicks show how much the price moved above or below the close. The color of the body shows whether it was an up time period, or a down period. They are brilliant and use to use you can tell by a simple look, whether the price closed higher or lower than the open. While this alone is enough to warrant using candlestick charts over line charts, this is only the tip of the iceberg in terms of the power of Japanese candlesticks.

The Chart patterns of Japanese Candlesticks

As the price of the Forex Market moves up and down, it creates distinct patterns. These patterns can tell you exactly when to enter the market and exactly when to exit the market.

When the Japanese candlesticks are combined with technical indicators these patterns work together to become very accurate. There are hundreds of patterns, the more of these patterns that you know, the better your analysis will become. Now I have only touched on the very basics of the power of Japanese candlesticks. There are many excellent books that teach these patterns in detail, after using the patterns for a while it becomes second nature.

Forex Trading with Japanese candlestick charts

Japanese candlestick charts are especially well suited to using in Forex. In Forex trading it is just as easy to make a profit whether the price is going up or down. Candlestick charts predict upturns as well as downturns. Using Japanese Candlestick Charts will not make you successful all the time. You will have wins and losses. The candlestick charts will however give you the edge you need to succeed.

Japanese candlesticks are a fun and easy way to trade forex. The candlestick charts will also help you to become successful with any strategies you are currently using. They can be an excellent aid to you when developing your own trading system. No matter what your goals are or how experienced/inexperienced you are, candlestick charts will increase your profitable trades. They will also help you avoid losing trades. Japanese candlestick charts are the easiest and most successful way to begin trading Forex.

The Forex Markets do not create clear trend lines all the time. Quiet often we will experience very volatile markets and the prices can move dramatically up and down. Sometimes they can start to trend then also of sudden make a strange upward or downward movement which will trigger your stop loss and stop you out of the trade.

So How can we trade this sort of Forex Marketand make money?

1. Don't expect a long swing plan or any sustained price movements if you are already in an open position, get some profits out when you have made some from the forex market or shift it to the breakeven price as soon as possible. This will reduce the risk of losing that position.

2. When you need to trade in these conditions trade the currencies pairs that are highly correlated. So we are talking about the top 6 currencies pairs.

3. It can be also useful to use some level of Fundamental analysis such as referring to the calendar of economic announcements every now and then in forex trading. Sometimes a choppy market occurs when there is two or more economic data releasing at the same time or within a few hours. A particular news may trigger an up movement while the other one may trigger a down. Therefore it is a bad time to trade forex as you do not know exactly where the forex market is moving.

4. Sometimes when the forex trading market is choppy, it forms range-trading channels, which sets one up for a breakout. If there's is no indication on which direction the market is moving, forex trader may go long when it's at the bottom range, and short when it is at the top.... read more

Did you ever consider making money in Forex trading as a home based business? I did and I was let down embarking, however, after doing some home effort, I was absolutely certain with this brainstorm. I consider my initial losses in Fx trading nothing but a startup expense that's linked with any venture you can think of. Not here forever all my sorrows.

One affair that I like about the Fx trading business is that you can rehearsal at no cost for as long as you desire, and one more feature is that you can pull together as much information about as you can perhaps cope with before you leap into this venture. Understanding, practice and some slight startup funds is all you need. If you do not cover the last, or the necessary capital to set up an account then all you have to do is study to be gainful in demo account and convert a wealthy comrade of yours to go in mutual undertaking with you, many are doing this. You supervise the account for your rich associate who's wealth is gathering nothing but dust someplace even in the bank account your friend's savings would barely make him 4% a year. if you develop into a profitable Currency trading trader you can make your friend this type of yield every solo business day instead of an entire year after you capture yours. A Currency trading account administrator is at liberty to have more than 30 % of all returns on original invested capital. You can gain knowledge of Forex trading by visiting unbiased websites that endow with loads of information regarding Currency trading all for free, you can get the ready established approach or wait until you develop yours.

One such set trading methods that you can go ahead and take hold of it to diminish the time required to turn out to be a thriving currency trader is the Forexbody procedure. This approach is so unfussy that anyone without even the slightest clue about Forex can be taught, first by browsing the valuable neutral information and watching the free Metatrader screen recordings on the forexbody website. Particular lexis about the Forexbody metatrader screen recordings, these measures are not for babypips guys and girls, these videos demonstrate remarkably very hard-hitting forex trading that can only be done by those who have become very good at the game well. Picture an account made twice larger in 30 minutes, yes screen recordings on Forexbody site illustrate just precisely this breed of exertion, but on the other hand, as tyro you get careful guidance on the site and recommendations on trading the easy mode to achievement.

The website has Currency trading signal by sms that you can evaluate for free. the signal has a victory rate of over 93% and if you are to be fulfilled with just the eminent 10 pip yield limit per deal the success rate would exceed 98 %. Even trades that turn out to be losers revolve to winners when given enough time. There a abundance of information on how to be thriving using Forexbody two times a day signal and there are 10 rules you have to abide by and according to Forexbody source, you can twofold your account every 45 days with low risk trading habits. all you need is self discipline and a robust will to tug the trigger immediately upon getting trading signal.

To be able to meet with ceaseless earnings you need to instigate the low risk approach, with this strategy a small account can be on track and full-grown over the period of 4 to 6 months to a decent amount where it can engender as much as $3000 in unbroken take-home pay, another time without taking piercing risks, while parting room for further expansion for further and unlimited upsurge in income.

The Wrapping up, If you ever thought about having your own business and working from the soothe of your own residence, you got to give this a test, It will not cost you any money to test the whole lot on virtual accounts that you can get free from plenty of Fx trading brokers worldwide, but you have possibility to be your own boss in a short time and the attempt on achieving the American ambition, stop commuting and fling that dress rules away.

If you are new in forex market you should pay more attention to be paid to the Metatrader 4 summary line, It provides a trader an idea of what is going on on the account as: Balance means account balance including recent proceeds, but hovering profit/loss not integrated, Equity means same balance but after floating profit/loss integrated, Margin means the amount of your deposit laid out for your open orders, FREE MARGIN is the amount of protection against the market and the amount of your Equity that is not consumed yet, and also not been consumed by your losing positions, When you run out of FREE Margin, one or more of your better positions will be liquidated resulting on brutal loss ! To avoid margin calls do not use more 10% of your buying or selling strength and you should be able to endure normal market conditions, If market is very unpredictable use only 5% of your Free margin. Before you run out of Free Margin you have the choice to slam positions with least losses to Free Margin, After you run out of FREE margin most losing positions will be closed in order to free margin in the account.

A lot of novice traders start with this software by opening a Forex deal without any thought on how to secure the trade. I have seen this happening, There is a switch to open a trade but there is no button to close the trade, because once the trade is shown in the terminal window it can be double clicked to show the close trade switch.
If you choose Metatrader 4 as your trading platform of choice you should do some inquiries on Currencyy trading brokers, download to your computer their Metatrader platforms and try it on virtual accounts. After practicing for few months you should have an outline of the superior brokers so it would be time to evaluate one of these brokers on a small live account, followed by a comparison between the virtual and real accounts of this broker, pay attention to requote requests and times you get tiring trade context errors and no tie errors. Begin your ordinary Forex account with the broker who's practice account mimics the live account paramount. pass up brokers who have big differences between demo and live accounts. No matter how a good trader you turn into, practicing in virtual accounts should be perpetual to master International currency.

The Mt4 now happen to be at release 4 with newer updates coming irregularly from your broker, Version 5 should become offered shortly this annual and is likely to be more than just a revise, it is going to be an immense improvement.

Forex is a potential platform for earning substantial profit. In fact it is one of the largest trading markets of the world. Featuring an average daily trade of US$ 2 trillion and above, this market is best known for its high scale trading volume and intense liquidity. Adding to this, today with the advancement of technology it can be done from anywhere of the world. Backed up by world-wide web, you can easily trade in the forex market at the comfort of your own home. However, it is important to understand that fx trading is based hugely on speculation. You must be smart enough to guess exactly when the rate of a certain currency pair will rise and go down, and then buy or sell based on that. Indeed it is said that if you learn to study the speculation of this market, you will have a better chance of getting profit.

Today, it is more advanced and turned into an active investment arena, where only a factual understanding of the intricacies and complexities can make your capital grow every day. Moreover, like any other business, it also involves some amount of risks. There is no shot fx trading technique for success in the currency trading market, but there are some well-known techniques that can assist you formulate a good advanced foreign exchange trading strategy. Here are few essential techniques that can help you cut your losses and increases profits:

Forex Scalping: It is a latest technique of trading where profits are taken after relatively small moves in the forex market. It is a technique where trading is done over small time frames, and smaller profits are taken more frequently. As the position exposed to the market is shorter, it automatically reduces the risk of adverse market events causing the price to go against the trade. It is a different approach to most other forex strategies, but still requires you to analyze the market to ensure that the set up for a trade is present. This type of trading greatly appeals to day traders and those who look to reduce the risk involved in trading currencies.

Forex Hedging: It is a technique that helps in reducing some of the risk involved in holding an open forex position. It decreases the risk by taking both sides of a trade at once. If your broker allows it, a simple way to hedge is just to initiate a long and a short position on the same pair. Advanced traders sometimes use two different pairs to make one hedge, but that can get very complicated.

It is important to understand that much of the risk involved in holding any forex position is market risk; i.e. if the market falls sharply, your losses may escalate dramatically. So if you have an open Forex position with fine projection but you think the currency pair may reverse against you, it is advised to hedge your position.

Forex Position Trading: Forex position trading approach is yet another trouble-free technique to boost your position size without increasing your risk. This trading tactic is very effective with mini lots. The major highlight with this technique is that - with forex position trading your exposure to the market is less and so therefore is no need to monitor the market continuously. Moreover, you may even earn profit with negligible loss that can further boost your trading confidence. For Example- you might make a short trade on EUR/USD at 1.40. If the pair is ultimately trending lower, but happens to retrace up, and you take another short at say 1.42, your average position would be 1.41. Once the EUR/USD drops back below 1.41, you will be back in overall profit.

Today forex trading is all about watching your options when you make a trade. Aside from using effective risk management and extreme vigilance, advanced trading can be an alternate way to make profits and control losses. Nevertheless, these above mentioned advanced trading techniques are more about using the market behavior to your advantage. Utilizing these advanced techniques can give you the edge from other average trader.