PUREPAKI

Forex Options Market Overview

2011-06-29T14:41:00.000-07:00

The forex options market started as an over-the-counter (OTC) financial vehicle for large banks, financial institutions and large international corporations to hedge against foreign currency exposure. Like the forex spot market, the forex options market is considered an "interbank" market. However, with the plethora of real-time financial data and forex option trading software available to most investors through the internet, today's forex option market now includes an increasingly large number of individuals and corporations who are speculating and/or hedging foreign currency exposure via telephone or online forex trading platforms.

Forex option trading has emerged as an alternative investment vehicle for many traders and investors. As an investment tool, forex option trading provides both large and small investors with greater flexibility when determining the appropriate forex trading and hedging strategies to implement.

Most forex options trading is conducted via telephone as there are only a few forex brokers offering online forex option trading platforms.

Forex Option Defined - A forex option is a financial currency contract giving the forex option buyer the right, but not the obligation, to purchase or sell a specific forex spot contract (the underlying) at a specific price (the strike price) on or before a specific date (the expiration date). The amount the forex option buyer pays to the forex option seller for the forex option contract rights is called the forex option "premium."

The Forex Option Buyer - The buyer, or holder, of a foreign currency option has the choice to either sell the foreign currency option contract prior to expiration, or he or she can choose to hold the foreign currency options contract until expiration and exercise his or her right to take a position in the underlying spot foreign currency. The act of exercising the foreign currency option and taking the subsequent underlying position in the foreign currency spot market is known as "assignment" or being "assigned" a spot position.

The only initial financial obligation of the foreign currency option buyer is to pay the premium to the seller up front when the foreign currency option is initially purchased. Once the premium is paid, the foreign currency option holder has no other financial obligation (no margin is required) until the foreign currency option is either offset or expires.

On the expiration date, the call buyer can exercise his or her right to buy the underlying foreign currency spot position at the foreign currency option's strike price, and a put holder can exercise his or her right to sell the underlying foreign currency spot position at the foreign currency option's strike price. Most foreign currency options are not exercised by the buyer, but instead are offset in the market before expiration.

Foreign currency options expires worthless if, at the time the foreign currency option expires, the strike price is "out-of-the-money." In simplest terms, a foreign currency option is "out-of-the-money" if the underlying foreign currency spot price is lower than a foreign currency call option's strike price, or the underlying foreign currency spot price is higher than a put option's strike price. Once a foreign currency option has expired worthless, the foreign currency option contract itself expires and neither the buyer nor the seller have any further obligation to the other party.

The Forex Option Seller - The foreign currency option seller may also be called the "writer" or "grantor" of a foreign currency option contract. The seller of a foreign currency option is contractually obligated to take the opposite underlying foreign currency spot position if the buyer exercises his right. In return for the premium paid by the buyer, the seller assumes the risk of taking a possible adverse position at a later point in time in the foreign currency spot market.

Initially, the foreign currency option seller collects the premium paid by the foreign currency option buyer (the buyer's funds will immediately be transferred into the seller's foreign currency trading account). The foreign currency option seller must have the funds in his or her account to cover the initial margin requirement. If the markets move in a favorable direction for the seller, the seller will not have to post any more funds for his foreign currency options other than the initial margin requirement. However, if the markets move in an unfavorable direction for the foreign currency options seller, the seller may have to post additional funds to his or her foreign currency trading account to keep the balance in the foreign currency trading account above the maintenance margin requirement.

Just like the buyer, the foreign currency option seller has the choice to either offset (buy back) the foreign currency option contract in the options market prior to expiration, or the seller can choose to hold the foreign currency option contract until expiration. If the foreign currency options seller holds the contract until expiration, one of two scenarios will occur: (1) the seller will take the opposite underlying foreign currency spot position if the buyer exercises the option or (2) the seller will simply let the foreign currency option expire worthless (keeping the entire premium) if the strike price is out-of-the-money.

Please note that "puts" and "calls" are separate foreign currency options contracts and are NOT the opposite side of the same transaction. For every put buyer there is a put seller, and for every call buyer there is a call seller. The foreign currency options buyer pays a premium to the foreign currency options seller in every option transaction.

Forex Call Option - A foreign exchange call option gives the foreign exchange options buyer the right, but not the obligation, to purchase a specific foreign exchange spot contract (the underlying) at a specific price (the strike price) on or before a specific date (the expiration date). The amount the foreign exchange option buyer pays to the foreign exchange option seller for the foreign exchange option contract rights is called the option "premium."

Please note that "puts" and "calls" are separate foreign exchange options contracts and are NOT the opposite side of the same transaction. For every foreign exchange put buyer there is a foreign exchange put seller, and for every foreign exchange call buyer there is a foreign exchange call seller. The foreign exchange options buyer pays a premium to the foreign exchange options seller in every option transaction.

The Forex Put Option - A foreign exchange put option gives the foreign exchange options buyer the right, but not the obligation, to sell a specific foreign exchange spot contract (the underlying) at a specific price (the strike price) on or before a specific date (the expiration date). The amount the foreign exchange option buyer pays to the foreign exchange option seller for the foreign exchange option contract rights is called the option "premium."

Plain Vanilla Forex Options - Plain vanilla options generally refer to standard put and call option contracts traded through an exchange (however, in the case of forex option trading, plain vanilla options would refer to the standard, generic forex option contracts that are traded through an over-the-counter (OTC) forex options dealer or clearinghouse). In simplest terms, vanilla forex options would be defined as the buying or selling of a standard forex call option contract or a forex put option contract.

Exotic Forex Options - To understand what makes an exotic forex option "exotic," you must first understand what makes a forex option "non-vanilla." Plain vanilla forex options have a definitive expiration structure, payout structure and payout amount. Exotic forex option contracts may have a change in one or all of the above features of a vanilla forex option. It is important to note that exotic options, since they are often tailored to a specific's investor's needs by an exotic forex options broker, are generally not very liquid, if at all.

Intrinsic & Extrinsic Value - The price of an FX option is calculated into two separate parts, the intrinsic value and the extrinsic (time) value.

The intrinsic value of an FX option is defined as the difference between the strike price and the underlying FX spot contract rate (American Style Options) or the FX forward rate (European Style Options). The intrinsic value represents the actual value of the FX option if exercised. Please note that the intrinsic value must be zero (0) or above - if an FX option has no intrinsic value, then the FX option is simply referred to as having no (or zero) intrinsic value (the intrinsic value is never represented as a negative number). An FX option with no intrinsic value is considered "out-of-the-money," an FX option having intrinsic value is considered "in-the-money," and an FX option with a strike price at, or very close to, the underlying FX spot rate is considered "at-the-money."

The extrinsic value of an FX option is commonly referred to as the "time" value and is defined as the value of an FX option beyond the intrinsic value. A number of factors contribute to the calculation of the extrinsic value including, but not limited to, the volatility of the two spot currencies involved, the time left until expiration, the riskless interest rate of both currencies, the spot price of both currencies and the strike price of the FX option. It is important to note that the extrinsic value of FX options erodes as its expiration nears. An FX option with 60 days left to expiration will be worth more than the same FX option that has only 30 days left to expiration. Because there is more time for the underlying FX spot price to possibly move in a favorable direction, FX options sellers demand (and FX options buyers are willing to pay) a larger premium for the extra amount of time.

Volatility - Volatility is considered the most important factor when pricing forex options and it measures movements in the price of the underlying. High volatility increases the probability that the forex option could expire in-the-money and increases the risk to the forex option seller who, in turn, can demand a larger premium. An increase in volatility causes an increase in the price of both call and put options.

Delta - The delta of a forex option is defined as the change in price of a forex option relative to a change in the underlying forex spot rate. A change in a forex option's delta can be influenced by a change in the underlying forex spot rate, a change in volatility, a change in the riskless interest rate of the underlying spot currencies or simply by the passage of time (nearing of the expiration date).

The delta must always be calculated in a range of zero to one (0-1.0). Generally, the delta of a deep out-of-the-money forex option will be closer to zero, the delta of an at-the-money forex option will be near .5 (the probability of exercise is near 50%) and the delta of deep in-the-money forex options will be closer to 1.0. In simplest terms, the closer a forex option's strike price is relative to the underlying spot forex rate, the higher the delta because it is more sensitive to a change in the underlying rate.

Article Source: http://EzineArticles.com/32980

Water Is Life

2009-07-12T06:21:00.000-07:00

WORLD BIGGEST TOWER?

2009-06-13T00:04:00.002-07:00

Information
Burj Dubai




Burj Dubai on 20 March 2009
Status	Topped-Out
Groundbreaking	21 September 2004
Estimated completion	2009^[1]
Opening	September 2009 (est.)^[2]
Height
Antenna/Spire	818 m (2,684 ft)^[1]
Technical details
Floor count	160 habitable floors^[3]
Floor area	334,000 m² (3,595,100 sq ft)
Companies
Architect	Skidmore, Owings and Merrill
Structural Engineer	Bill Baker at SOM^[4]
Contractor	Turner Samsung Besix Arabtec Grocon ^[5] Bauer AG ^[5] Middle East Foundations ^[5] Otis ^[5] Lerch Bates ^[5] Schmidlin ^[5] Al Naboodah ^[5] Laing O'Rourke ^[5]
Developer	Emaar

WORLD BIGGEST MOBILE BILL?

2009-06-13T00:04:00.001-07:00

The Benefits of Premium SMS for Billing

mBlox's Premium SMS Billing service lets you take advantage of the growing trend in mobile billing, quickly generating revenue by selling a range of content and mobile services to consumers. PSMS offers many benefits as a mobile billing mechanism:

Convenience, anonymity, and perceived risk reduction, making it an attractive option to consumers
A perfect mechanism for consumers, simplifying one-off purchasing and ordering short-term or bulk subscription-based mobile services
Fast revenue generation, resulting in the availability of funds to reinvest in your business
Access to consumers who do not maintain credit cards

As the world's largest mobile transaction network, sometimes referred to as a mobile aggregator or SMS aggregator, mBlox manages more than USD $500 million in Premium SMS Billed transactions every year in 15 countries on behalf of businesses.

WORLD BEAUTIFUL WOMEN?

2009-06-12T23:42:00.000-07:00

Laetitia Casta

WHERE YOU KNOW HER FROM...
Why? Really, do we have to answer? Just look at the picture, it speaks a thousand words. Laetitia is like a gift from God, someone that we should praise for capturing the hearts of so many men.

IF STUCK ON A DESERT ISLAND, SHE WOULD BE IN CHARGE OF...
Looking pretty and keeping morale VERY HIGH.

ASKMEN HAS MORE...
Check out AskMen.com's complete feature on Laetitia Casta by clicking here.

HP Mini 2140 For Sale

2009-05-07T20:21:00.001-07:00

SPECIFICATION:

Processor Intel Atom N270 (1.6GHz, 512KB L2 cache, 533MHz FSB)
Operating System Genuine Windows XP Home Edition
System Memory 1024 MB 800-MHz DDR2 (1 DIMM) (runs at 533MHz)
Hard Drive 160-GB 5400 rpm
Display 10.1-inch diagonal HP Illumi-Lite LED SD (1024x576)
Integrated VGA camera
Graphics Mobile Intel GMA 950
Audio ADI High Definition CODEC
Stereo headphone/line out and microphone in
Integrated microphone
Communications Integrated Marvell Ethernet (10/100/1000 NIC)
Integrated Wireless Broadcom 802.11a/b/g – draft n; Bluetooth 2.0
Pointing Device Touchpad with scroll zone
Battery 3-cell (28 WHr) Lithium-Ion
Power External 65W adapter
Price PKR 40000/= Inclusive all Tax

Also Contact For Wholesale

Romance Life 17

2009-05-04T01:39:00.001-07:00

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Romance Life 08

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Romance Life 07

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Romance Life 06

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Romance Life 05

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Romance Life 04

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Romance Life 03

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Romance Life 02

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Romance Life 01

2009-05-04T01:23:00.001-07:00

Romance Life

2009-05-04T01:21:00.000-07:00

Namitha 02

2009-04-20T23:03:00.000-07:00

Namitha 01

2009-04-20T23:02:00.000-07:00

Namitha

2009-04-20T23:00:00.000-07:00

Nayanatara

2009-04-20T22:43:00.001-07:00

Monachopra 01

2009-04-20T22:42:00.003-07:00

Monachopra

2009-04-20T22:42:00.001-07:00

Kajal Agaewal 03

2009-04-20T22:41:00.001-07:00

Kajal Agaewal 02

2009-04-20T22:40:00.000-07:00

Kajal Agaewal 01

2009-04-20T22:38:00.002-07:00

Kajal Agaewal

2009-04-20T22:38:00.001-07:00

Asin Photo Shoot

2009-04-20T22:34:00.000-07:00

Asin Pictures

2009-04-20T22:33:00.000-07:00

Asin with Ameer Khan

2009-04-20T22:32:00.000-07:00

Ankitha & shivaji

2009-04-20T22:31:00.000-07:00

Ankitha hot with shivaji

2009-04-20T22:29:00.000-07:00

Ankitha At Beach

2009-04-20T22:28:00.000-07:00

Ankitha Bathroom Pictures

2009-04-20T22:27:00.000-07:00

Fedral Criminal Law

2009-01-31T00:49:00.001-08:00

For most people, familiarity with fedral criminal law comes in fragments -- from movies, television, and books. But when we become personally involved in the criminal law system, real-life issues come into focus and the need for information and assistance can arise quickly. This overview discusses the basics of criminal law: criminal statutes, Fedral criminal law players and procedure, and the potential outcome of a fedral criminal case. Links to additional introductory information on criminal law are also provided. Fedral Criminal Laws and Their Sources When a society and its government decide that certain conduct is dangerous to citizens, or damaging to the society as a whole, such conduct is labeled a "crime" and is made punishable by sanctions such as fines and imprisonment. Most crimes are identified in statutes that have been enacted by federal, state, and local government legislatures, in response to issues that affect the jurisdiction. For example, a city may determine that it is a crime to be drunk in public, while the federal government decides bank robbery is a federal crime, since most banks are federally insured. Criminal statutes describe the type of conduct that has been deemed a crime, the mindset or intent required, and in some instances, the proper punishment. For example, the following "Burglary" statutes are from the California Penal Code: Section 459. Every person who enters any house, room, apartment, tenement, shop, warehouse, store, mill, barn, stable, outhouse or other building, tent, vessel, [etc.]...with intent to commit grand or petit larceny or any felony is guilty of burglary.Section 461. Burglary is punishable as follows:1. Burglary in the first degree: by imprisonment in the state prison for two, four, or six years. 2. Burglary in the second degree: by imprisonment in the county jail not exceeding one year or in the state prison. People who are found to have violated a criminal law -- whether through their own admission by a "guilty" plea, or as a result of a jury trial -- can be punished through imposition of fines, imprisonment, probation, and community service, among other penalties.

What is medical transcription, how is it done, and what does it pay?

2009-01-31T00:48:00.000-08:00

Medical transcription is the process whereby one accurately and swiftly transcribes medical records dictated by doctors and others, including history and physical reports, clinic notes, office notes, operative reports, consultation notes, discharge summaries, letters, psychiatric evaluations, laboratory reports, x-ray reports and pathology reports.It involves receiving dictation by tape, digital system or voice file, and using ear phones, a foot pedal for start-stop control and a word processing program. A variety of word-processing systems are used. It requires good listening and language skills, computer skills and knowledge of medical terms.Several dictionaries are necessary: Medical definitions, medications, medical terms by specialty, laboratory terms, surgical terms and abbreviations. Specialized word lists are also helpful, and journals and computer networking are helpful for current information about new medications and terms. Transcription is done more efficiently with the use of a medical spellchecker and an extensive abbreviation system such as Instant Text or Smartype.As an employee in an office or hospital, transcriptionists may be paid by the hour. In the year 2000 in the United States, a starting transcriptionist in an office may make the equivalent of $8-12 per hour. After two years of experience, one can expect to make the equivalent of $12-20 per hour in an office. National transcription companies usually require 1-5 years of hospital experience.Statutory employee status is the same as independent contractor except that the company pays half of the FICA tax (about 7.5%) and withholds the other half. Independent contractors pay the 15% as self-employment tax. Self-employed transcriptionists provide their own benefits. They may start at the equivalent of $10-15 per hour (7-14c per line), and within several years can expect to earn $15-40 per hour, depending upon the type of work and equipment used. Quarterly payments on taxes and self-employment taxes are required. Equipment expenses are tax deductible, including a percentage of home expenses if working at home.

Attorney at law

2009-01-31T00:47:00.000-08:00

This article is about the profession as practiced in the United States. For a more general discussion, see Lawyer.For discussion of powers granted to an Attorney-in-Fact, see Power of attorney.For the Japanese profession, see Attorney at law (Japan).An attorney at law (or attorney-at-law) in the United States is a practitioner in a court of law who is legally qualified to prosecute and defend actions in such court on the retainer of clients. Alternative terms include counselor (or counsellor-at-law), and lawyer. The U.S. legal system has a united legal profession, which means that it does not draw a distinction between lawyers who plead in court and those who do not. Many other common law jurisdictions, as well as some civil law jurisdictions, do draw such a distinction: for example, the division of solicitor and barrister (advocate) found in the United Kingdom, and the division of advocate and civil law notary in Italy and France. An additional factor which differentiates the American legal system from other countries is that there is no delegation of routine work to notaries public or their civil law equivalent.

In Attorney Law How to Interpret Criminal Statutes.

2009-01-31T00:45:00.000-08:00

Knowing how to read the law will help you determine whether it's been broken.All criminal statutes define crimes in terms of required acts and a required state of mind, usually described as the actor's "intent". These requirements are known as the "elements" of the offense. A prosecutor must convince a judge or jury that the person charged with the crime (the defendant) did the acts and had the intent described in the law. For example, commercial burglary is commonly defined as entering a structure (such as a store) belonging to another person, with the intent to commit petty or grand theft (that is, to steal) or any felony. To convict a person of this offense, the prosecutor would have to prove three elements: 1.The defendant entered the structure. 2.The structure belonged to another person. 3.At the time the defendant entered the structure, he intended to commit petty or grand theft or any felony. Example: Steve was stopped by a security guard as he left a department store. His oversized backpack contained three pairs of expensive running shoes and nothing else. After interviewing the guard, who described seeing Steve take the shoes and leave without paying for them, the prosecuting attorney decided to charge Steve with burglary.At the trial, the prosecutor was able to prove the following three elements:1.Steve entered a structure listed in the burglary statute. (The state statute included the term "store.") 2.The structure belonged to another person. It was easy to show that Steve did not own the store. 3.Steve entered with the intent to commit theft. The prosecutor convinced the jury that Steve's use of an oversized, empty backpack was evidence that, at the time he entered the store, he was planning to stash stolen goods. The jury didn't buy Steve's claim that he only decided to steal the shoes (and therefore formed the intent to steal) after he had entered the store.

HOT IRAM KHAN AND MORE

2008-12-31T03:06:00.000-08:00

HINA'S PICTURES

2008-12-31T03:05:00.000-08:00

MIX PLATES

2008-12-31T03:02:00.000-08:00

Regret Will Kill Your Forex Account

2008-09-21T23:32:00.002-07:00

OK, so you just pulled the trigger on a trade and every bone in your body told you not to. You violated the rules dictated in your trade plan and you watched a small profit immediately turn into a major loss.Sound familiar? What do you do?You get over it, that’s what you do! Regret over a bad trade will eat your account from the inside out. Regret is a more powerful emotion than most traders recognize. It is like the unwanted guest that keeps living off of your bank account until there is no more left. It takes most traders into a tailspin that they will never recover. It can lead to dangerous psychological results such as failure to pull the trigger over even worse, paralysis by analysis.“Yeah, but…” (I will save the disempowerment of this statement for another day)It’s not easy putting those emotions aside when your money is on the line. That’s why they called it trading, folks. In Forex someone is on the other side of the trade controlling their emotions and eventually controlling your account balance. If you want to find consistency you must never let regret live in your trading experience. Here’s what I do to combat this debilitating emotion … I get over it! How do I do this? I simply perform a post mortem of my bad trades (I still have them every now and then) and keep a detailed journal. Over time I began to recognize my personal triggers and simply tweaked my trade plan to be a more proactive currency trader and avoid the situations that led to the bad trade in the first place, in my instance over-trading or being tired.What trader do I model my approach after? The answer may surprise you!The answer is Tiger Woods.I play golf, so you could imagine I am a huge fan of Tiger Woods. There are a lot of similarities between golf and trading. Both venues offer a look at who we are as a person, raw and uncensored. Both live in the world of risk and reward. I admire Tiger Woods skill as a golfer, but even more so his mental toughness. Next time you watch Tiger Wood hit a bad shot follow his reaction. His immediate reaction is to get upset, really upset. Then count 5 seconds. His expressions and demeanor will have returned to one of focus and concentration. And the funny thing is that is doesn’t matter what kind of prize money is online. He takes the same approach to every golf shot, in every tournament.Let’s translate that to trading. Do you give yourself 5 seconds to get over a bad trade? Do you take the same approach to every trade?Stop living in the world of regret and only think about the possibilities of wining trades and you will find your experiences trading the Forex market one filled with achievement and success.

Why the Fed is such a Lousy Wizard of Oz

2008-09-21T23:32:00.001-07:00

Another interesting articles from my friends over at Elliottwave.********************************Why the Fed is Such a Lousy Wizard of OzBy Susan C. Walker, Elliott Wave InternationalSeptember 7, 2007 Central bankers who "follow the yellow brick road" end up in Jackson Hole, Wyoming, every Labor Day weekend for their annual symposium sponsored by – who else? – the Kansas City Fed. (Who can forget Judy Garland saying to her little dog, "Toto, I've got a feeling we're not in Kansas anymore," in the 1939 movie, The Wizard of Oz?) The Jackson Hole Resort serves as the Federal Reserve's equivalent of the Emerald City, as Fed governors and presidents meet with central bankers and economists from around the world to discuss economic issues. This year, the symposium focused on housing and monetary policy. Usually, the Fed chairman kicks off the symposium and, this year, the new chairman, Ben S. Bernanke, did the honors. He closed his speech with these words: "The interaction of housing, housing finance, and economic activity has for years been of central importance for understanding the behavior of the economy, and it will continue to be central to our thinking as we try to anticipate economic and financial developments."Then came the other speeches. And it seems that some of the guests in Emerald City were waiting for their chance to pull back the curtain and prove that the Wonderful Wizard of Oz isn't such a wizard after all. Bloomberg reported that "Federal Reserve officials, wrestling with a housing recession that jeopardizes U.S. growth, got an earful from critics at a weekend retreat, arguing they should use regulation and interest rates to prevent asset-price bubbles." Apparently, one academic paper presented at Jackson Hole graded the Fed an 'F' for the way it has handled the repercussions from the rise and fall of the housing market.Truth be told, these folks are a little late to the table as critics of the Fed. We're glad they're joining us, but here's what they still haven't learned: It isn't because the Federal Reserve messes up by allowing credit, asset and stock bubbles to form that it's not a wizard. The Federal Reserve isn't a wizard for one particular reason that it doesn't want anybody to know – and that is that the Fed doesn't lead the financial markets, it follows them. People everywhere want to believe in the Fed's wizardry. But all this talk about how the Fed will be able to help the U.S. economy and hold up the markets by cutting rates now is as much hooey as the Wizard of Oz promising Dorothy, the Scarecrow, the Tin Man and the Cowardly Lion that he could give them what they wanted: a return to Kansas, a brain, a heart, and courage. Because when the Fed does do something, it always comes after the markets have already made their moves. If you don't believe it, you should look at one chart from the most recent Elliott Wave Financial Forecast. It compares the movements in the Fed Funds rate with the movements of the 3-month U.S. Treasury Bill Yield. What does it reveal? That the Fed has followed the T-Bill yield up and down every step of the way since 2000. And the interesting question becomes this: Since the T-bill yield has dropped nearly two points since February, how soon will the Fed cut its rate to follow the market's lead this time? [Editor's note: You can see this chart and read the Special Section it appears in by accessing the free report, The Unwonderful Wizardry of the Fed.]We've got our own brains, heart and courage here at Elliott Wave International, and we've used them to explain over and over again that putting faith in the Fed to turn around the markets and the economy is blind faith indeed. "This blind faith in the Fed's power to hold up the economy and stocks epitomizes the following definition of magic offered by Teller of the illusionist and comedy team of Penn and Teller: a 'theatrical linking of a cause with an effect that has no basis in physical reality, but that – in our hearts – ought to be.'" [September 2007, The Elliott Wave Financial Forecast]Because, you see, what makes the markets move has less to do with what the unwizardly Fed does and more with changes in the mass psychology of all the people investing in those markets. The Elliott Wave Principle describes how bullish and bearish trends in the financial markets reflect changes in social mood, from positive to negative and back again. To extend the metaphor: The Fed can't affect social mood anymore than the Wonderful Wizard of Oz could change the direction of the wind that brought his hot air balloon to the Land of Oz in the first place. As our EWI analysts write, "With respect to the timing of the Federal Reserve Board rate cuts, we need to reiterate one key point. The market, not the Fed, sets rates." Being able to understand this information puts you one step closer to clicking your ruby red shoes together and whispering those magic words: "There's no place like home." Once you land back in Kansas, your eyes will open, and you will see that an unwarranted faith in the Fed was just a bad dream.Susan C. Walker writes for Elliott Wave International, a market forecasting and technical analysis company. She has been an associate editor with Inc. magazine, a newspaper writer and editor, an investor relations executive and a speechwriter for the Federal Reserve Bank of Atlanta. Her columns also appear regularly on FoxNews.com. *********************************Happy Trading!!

How to Adopt the Traits of a Successful Trader

2008-09-21T23:31:00.001-07:00

Hey Traders,Here's a post by Heather Johnson that will serve you well in your trading – Enjoy!--------------------------------------------------------------------------------------------------Not all Forex traders were cut from the same cloth, but the most successful investors do have several things in common. Whether you are a newcomer to trading or you are a seasoned pro who is trying to improve your game plan, the following suggestions may help you out. Below are five ways to evolve into a successful trader:1. Become a lifelong student – Never stop learning about the business you are in. If you think you know everything about the Forex market, then think again. The successful trader is a lifelong student who constantly absorbs new information about the ever-evolving climate of Forex trading. 2. Be courageous – It's hard to overcome your fears when you are dealing with an unpredictable investment. Even if you are equipped with extensive knowledge about the market, you still have to put your money at risk every day. Reserve a small amount of apprehension (just enough to keep you sensible), but don't hesitate at every turn.3. Hone your math skills – You are wading through a sea of mathematical information every day when you look over your charts. The most successful traders know how to take that large amount of information and pull out necessary information.4. Be patient – Become a long-term investor and put all notions of overnight success to rest. You must adopt a stoic attitude, as you make the most informed decisions about your business and leave the rest to fate.5. Learn to love trading – Maybe you already do love trading and that's why you are involved with Forex. However, many people are either too wrought with anxiety to enjoy it or merely see it as a job. If you don't like trading, don't trade. A great trader will love the roller coaster ride he/she is on.Are the above suggestions obvious? Perhaps, but many of us take a wrong turn somewhere and need some simple advice to get us back on track. In order to stay on top of your game, you will need to constantly reinvent yourself, as there is no world that calls for flexibility more than the Forex market.About the Author:Heather Johnson is a freelance finance and economics writer, as well as a regular contributor for CurrencyTrading.net, a site for currency trading and forex tradinginformation. Heather welcomes comments and freelancing job inquiries at her email address heatherjohnson2323@gmail.com .

Trust Yourself

2008-09-21T23:30:00.002-07:00

When you turn on the TV (especially mainstream media) you are inundated with news of the demise of the dollar. Business news, national news and even your local news channels are leading into events with reports of the dollar and the economy. Analysts are featured and opinions are smattered across the airwaves in an attempt to provide an oracle response to current economic events.Beware the source and follow your system.In these volatile times it is easy to get caught up in the hype provide by all the news media and analyst. It is natural to want to look for guidance. Remember to trust your system and more important trust yourself. You, after all, are the single largest determinant of your success.Your approach should remain consistent, almost impervious to the events occurring because you follow your plan with discipline and ruthless detail to executing at optimum performance.Be disciplined and follow your plan. If market conditions don’t suite your style – sit this one out until conditions provide your with your personal edge!Happy Trading!!

Do you have what it takes to become a successful Forex Trader? Part II

2008-09-21T23:30:00.001-07:00

4. You must Push Yourself beyond the point everyone else might have quite. In Forex Trading this is simple. Assume there is someone on the other side of your trade that is pushing themselves and sharpening their edge. To be successful you must you must do the same thing. Now is the time to examine your mental edge. Do you know the single most critical factor in any currency trade? It is you, the trader! Sharpening you mental edge is the most difficult aspect of trading, but also the most rewarding.Start with your Forex education and gain the self-awareness necessary to maximize your strengths and suppress your weaknesses. Any expert will tell you that trading is 80% mental. It’s time to sharpen your trading to the razor’s edge and you do this through Forex education. A constant and never ending process that will become the cornerstone of your Forex experience.5. You must, without wavering, be Determined and Persist to your objective.You will fail. I can state that emphatically. However, you will not be defeated unless you allow your failures to control your trading. It is the old adage; failure is not falling of your horse, failure is refusing to get back on. Your success depends on your ability to dismiss the criticism, rejection, self-doubt and pressures associated with Forex trading.Defining what is a winning trade, losing trade and bad trade will go a long way into developing you as a successful trader. Without the determination and persistence in all aspects of your trading life, obstacle will definitely appear closer and larger than they actually are.Take a moment and assess yourself and your trading. Do you have the key elements to succeed? Which areas are presents development opportunities? When conducting a self-evaluation it is critical to be totally upfront and honest with yourself. After all, you will only be dishonest with yourself. One of the most interesting observations you can make is that all key success factors are interwoven. One factor supports the other. This is why your Forex education is a continuous journey of forex strategy, money management and self-mastery. Set these factors as your Forex education goals and take your currency trading to new heights.

Do you have what it takes to become a successful Forex Trader?

2008-09-21T23:28:00.000-07:00

Forex trading, or any trading for that matter, is an occupation that requires experience and the accumulation of proficiency not unlike any other highly skilled profession. Whether you are a leading executive at a major publically traded company, a professional golfer or trading from your kitchen table, there are 5 key ingredients that one must possess in order to become successful.1. You must be Passionate about what you do.As Forex traders we all face one unique set of circumstances that does not exist in any other profession. We get rewarded for when we succeed and equally punished when we don’t! Could you image a corporate worker one quarter receiving a significant accomplishment bonus and the next quarter actually getting money taken from their paycheck for missing performance targets? Not on your life! We do as Forex traders and that is why passion for what you do will carry you through the tough times that are part of your trading business. Asked yourself why you trade currencies and would you still do it if Forex were not potentially lucrative? Your answers will be quite revealing. You’ve got to feel your passion for trading!2. You have to Apply Yourself and work hard at it.I talk to so many people that enter into Forex trading with the aspiration of getting rich quick. Without putting the time and energy into really getting good at trading I see them jump from strategy to strategy looking for the goose that will lay the golden egg and eventually quitting while blaming everything else, except the true cause.I got news for you – you are the goose and your Forex education is the golden egg. The magic has always resided with the magician and not some strategy. Work hard at trading and the rewards will eventually come your way. Remember what Tiger Woods said, “Funny, the harder I work the luckier I get.” Apply yourself as a trader and it will be no accident when your account begins to blossom.3. You must Focus to really get good at what you do.Now here is the hurdle most Forex traders struggle to get over. You have the passion and you are applying yourself to your trade, now focus and really get good at just at what you are doing. Be the expert to the experts at just that one thing. Become the master of a strategy or risk management methodologies. Really focus on getting good at it.Stop jumping around or getting pulled from the last “latest and greatest” into the next “latest and greatest” and focus on one aspect of Forex trading and know it inside out. Know it strengths and weakness. Set your sights on becoming expert on just one aspect of trading and watch it spill over in all other aspects for your currency trading. This is the time to fail forward fast, use every setback as a learning opportunity that will propel you 3-steps ahead!

Avril Lavigne

HOT BABES

2008-09-14T23:01:00.000-07:00

HOT BABES

2008-09-14T23:00:00.000-07:00

HOT BABES

2008-09-14T22:59:00.000-07:00

HOT BABES

2008-09-14T22:58:00.000-07:00