24 hour trading
One of the major advantages of trading Forex is the opportunity to trade 24 hours a day from Sunday evening (20:00 GMT) to Friday evening (22:00 GMT). This gives you a unique opportunity to react instantly to breaking news that is affecting the markets.
Superior liquidity
The Forex market is so liquid that there are always buyers and sellers to trade with. The liquidity of this market, especially that of the major currencies, helps ensure price stability and narrow spreads. The liquidity comes mainly from banks that provide liquidity to investors, companies, institutions and other currency market players.
No commissions
The fact that Forex is often traded without commissions makes it very attractive as an investment opportunity for investors who want to deal on a frequent basis.
Trading the “majors” is also cheaper than trading other cross because of the high level of liquidity. For more information on the trading conditions of Saxo Bank, go to the Account Summary on your SaxoTrader and open the section entitled “Trading Conditions” found in the top right-hand corner of the Account Summary.
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100:1 Leverage
Leverage (gearing) enables you to hold a position worth up to 100 times more than your margin deposit. For example, a USD 10,000 deposit can command positions of up to USD 1,000,000 through leverage. You can leverage the first USD 25,000 of your investment up to 100 times and additional collateral up to 50 times.
Profit potential in falling markets
Since the market is constantly moving, there are always trading opportunities, whether a currency is strengthening or weakening in relation to another currency. When you trade currencies, they literally work against each other. If the EURUSD declines, for example, it is because the US dollar gets stronger against the euro and vice versa. So, if you think the EURUSD will decline (that is, that the euro will weaken versus the dollar), you would sell EUR now and then later you buy euro back at a lower price. In case that the EURUSD indeed declines, then you can take your profit. The opposite trading scenario would occur if the EURUSD appreciates.
Forex Trading
The investor's goal in Forex trading is to profit from foreign currency movements. Forex trading or currency trading is always done in currency pairs. For example, the exchange rate of EUR/USD on Aug 26th, 2003 was 1.0857. This number is also referred to as a "Forex rate" or just "rate" for short. If the investor had bought 1000 euros on that date, he would have paid 1085.70 U.S. dollars. One year later, the Forex rate was 1.2083, which means that the value of the euro (the numerator of the EUR/USD ratio) increased in relation to the U.S. dollar. The investor could now sell the 1000 euros in order to receive 1208.30 dollars. Therefore, the investor would have USD 122.60 more than what he had started one year earlier. However, to know if the investor made a good investment, one needs to compare this investment option to alternative investments. At the very minimum, the return on investment (ROI) should be compared to the return on a "risk-free" investment. One example of a risk-free investment is long-term U.S. government bonds since there is practically no chance for a default, i.e. the U.S. government going bankrupt or being unable or unwilling to pay its debt obligation.
When trading currencies, trade only when you expect the currency you are buying to increase in value relative to the currency you are selling. If the currency you are buying does increase in value, you must sell back the other currency in order to lock in a profit. An open trade (also called an open position) is a trade in which a trader has bought or sold a particular currency pair and has not yet sold or bought back the equivalent amount to close the position.
However, it is estimated that anywhere from 70%-90% of the FX market is speculative. In other words, the person or institution that bought or sold the currency has no plan to actually take delivery of the currency in the end; rather, they were solely speculating on the movement of that particular currency.
United India Anthem: Phir Mile Sur Revival Song
This is a united India theme that brings several corporate giants together adding a commercial angle to it. The Phir Mile Sur, the revival of the 1988 "Mile Sur Mera Tumhara". The iconic song that had the entire nation humming to its tunes has been revived and we have the mega project Phir Mile Sur that brings together celebrities from different fields and regions to convey beautifully the theme of united India.
The Phir Mile Sur was released on Monday the 25th of Jan by none other than the Big B. The song is picturised beautifully and brings together several celebrities from varied fields including Abhishek, Aishwarya Bachchan, Deepika Padukone, Ranbir Kapoor, Tablist Zakir Hussain, Malayalam actor Mamooty, sportspersons like Bindra and Saina Nehwal to name a few.
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| Multan blast claims 12 lives: Rescue 1122 |
Updated at: 1256 PST, Tuesday, December 08, 2009 MULTAN: At least 12 people were killed and several others injured in the twin blasts in Qasim Bela area of Multan Cantt near a building of a sensitive agency, Geo News quoted Dr Kaleem of Rescue 1122 Tuesday.Dr Kaleem said the deceased include eight civilians and four security men. Rescue teams including 1122, police and other relief teams arrived on the spot. Police put security cordon around the whole area of blast site. Also, a military helicopter is hovering over the area for surveillance. The injured are being shifted to the nearby hospitals including Nishtar Hospital, Civil Hospital and CMH, where state of emergency has been declared. According to Geo News correspondent, at least 11 injured including children and women were brought to the Nishtar Hospital. The blast was so powerful that the windowpanes of the nearby buildings were smashed to pieces. The media is being denied access to the blasts site thanks to the sensitivity of the area. It should be mentioned that the blast occurred in the constituency of Prime Minister Syed Yousuf Raza Gilani. According to an eyewitness, he was passing from the area when he heard a low-intensity blast followed by a massive explosion, adding the ISI building was more than half damaged as a result of bombings. Another eyewitness told Geo News that the gunshots were fired before the blasts. Some people are feared to be trapped under the rubble of the damaged building. DIG Arif Ikaram said the blast occurred at 12:10pm in front of a secret agency building, adding he confirmed the killings of at least four people. |
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