| Day Trading The Forex Market
The foreign exchange market (the forex) can be a treacherous market to trade especially if you are not properly equipped for the job. You will need to give attention to the following: the equipment and type of internet connection you have; the overall amount of capital you can put at risk on this enterprise, as well as the amount of capital you are prepared to risk on any one trade;your broker and the reliability of the trading platform; charts and technical analysis; good entry and exit signals; being aware of news releases affecting this market; the need to use a stop loss on each trade to protect your position; the cutting of losses if a trade goes against you; and the compounding of profits. .
FXCM, Main Sponsor of The Middle East Forex Trading Expo in Dubai
Arabcom Group, organizer of The Middle East Forex Trading Expo, announced today the participation of Forex Capital Markets LLC (FXCM), the largest Forex Dealer Member, as the Main Sponsor of the event.
The Middle East Forex Trading Expo will be held at the Dusit Dubai Hotel on 1-2 March 2007.
This 2-day Expo and Workshop is the first of its kind in the Middle East. Geared towards meeting the regions interest and demand on forex, The Middle East Forex Trading Expo will play host to all forex enthusiasts in and outside the region.
With the growing trend of the market and the superabundant liquidity in the region, the expo is expected to draw the participation and support of international forex corporations, banks and financial institutions, software tools, training providers and data suppliers, said Jean Louis Farwaji, Vice President of Arabcom Group.
Yen May Fall; G-7 Stops Short of Saying Weak Currency Is Threat
Feb. 12 (Bloomberg) -- The yen may fall after the Group of Seven industrial nations stopped short of saying that the currency's weakness is a threat to the global economy. The Japanese currency is trading near a record low against the euro and the weakest in four years versus the dollar as the Bank of Japan holds interest rates at 0.25 percent, the least among major economies. At a meeting in Essen, Germany, G-7 officials sought to reconcile Europeans who want the yen to strengthen with the U.S. and Japan, which say the market should set exchange rates. ``Europe has been vocal in saying yen weakness is a problem,'' said Neil Jones, head of European hedge-fund sales in London for Mizuho Financial Group Inc., Japan's second-biggest lender. ``European ministers have completely backtracked.
Rollbacks Not Enough, Oil Products Still Overpriced
Despite the recent oil price rollbacks, IBON computations show that oil products in the country are still overpriced by P2.12 ($0.043) per liter. While the Filipino people suffers from increases in the prices of basic goods and services, oil companies earned P3.32 billion ($68,729,945) from January to November, 2006, of which more than P2.86 billion ($59,207,121) went to the so-called Big Three (Petron, Shell, and Chevron). BY RHEA VEDA PADILLA
Ibon Foundation Posted by Bulatlat The series of oil price rollbacks implemented by oil companies this month are still not enough because of price manipulation and overpricing last year. Based on the monthly movement of the price of Dubai crude and the rate of foreign exchange (forex), IBON estimates show that oil products in the country are overpriced by P2.12 ($0.04 at an exchange rate of $1=P48.305) per liter from January to November 2006.
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