This brief Forex market history will give you some insight into how this market has evolved.
The Forex market, as we know it, was established in 1971 when floating exchange rates for currencies began to appear. Prior to that, international agreements, including the gold exchange standard of 1876 and the Bretton Woods Agreement of 1945 prevented speculation in the currency markets.With international trade expanding rapidly after the second world war and the massive movements of capital across international borders, the foreign exchange rates established by the Bretton Woods Agreement became unstable and the agreement was finally abandoned in 1971.By 1973, international currencies began to float in value, driven mainly by the forces of supply and demand. The ensuing deregulation resulted in much more open trade and led to an increase in currency speculators.
With the growth of the computer age in the 1980's, currency movement across borders became a 24 hour-per-day business, trading through the various time zones. Major banks created dealing rooms where massive amounts of the world's various currencies could be traded in a matter of minutes.
Today, electronic brokers trade the Forex market. Single trades of tens of millions of dollars are carried out within seconds. Most of these transactions are conducted to speculate on the market, with the aim of making money from money. These brokers, or Market Makers, are allowed to divide the large inter-bank units into smaller lots and allow private investors, smaller banks, hedge funds, etc. to buy and sell into the market. These brokers negotiate buy/sell prices between each other, thereby having the ability to set market prices for the rest of us.
Generally, the market is divided into the Asian, European and American sessions. The trading week begins in Asia on their Monday morning, and continues until the close of the American market on it's Friday afternoon. 24 hours a day, 5-1/2 days per week.
Because there is no central exchange for Forex, exact figures on any aspect of it are hard to come by, but it is estimated by the Bank for International Settlements (or BIS) that the average daily turnover of the Forex market in April 2006 was $2.7 trillion USD. This figure includes the spot market (the one we trade), swap market, futures and options. In other words, the Forex market is more than 10 times the size of the daily turnover of all the world’s stock markets combined.
Forex is a group of interconnected marketplaces where currency instruments are traded. Each marketplace is at liberty to set it's own exchange rate, which means that your dealer may be showing you different prices than the guy up the street would. The reality is, the prices are usually very close from broker to broker.
Inside information in the foreign exchange markets is virtually non existent. Changes in exchange rates are usually caused by actual money flows. Expectations of changes in this flow, caused by changes in GDP growth, inflation, interest rates, budget and trade deficits or surpluses, etc. are major price drivers. This information is released publicly, usually on specific dates at specific times. Since so many people have access to the same news at the same time, any "insider advantage" is unlikely. The large banks do have an important advantage though, they can see their customer's order flow.
Currencies are traded against one another. Therefore, a trade will consist of two currencies, or a pair, such as EUR/USD, USD/JPY, GBP/USD, etc. The first currency of the pair is the base, and the second is known as the counter currency. Prices are expressed in terms of how much of the second, or counter, currency is needed to make up one unit of the base currency. For example, if the price quoted for EUR/USD is 1.3145, this is the price of one Euro expressed in US dollars, ie. 1 Euro=1.3145 US dollar.
We buy or sell the pair, at the market price, with an expectation the price will move higher or lower, towards our target.
Wednesday, September 29, 2010
godady review
With the 2009 SuperBowl just around the corner I decided to review the web hosting services of GoDaddy.com. As you may or may not know in the last several years GoDaddy has participated in a number of Superbowl commercials. (Which by the way you can preview on their website)
GoDaddy was started in 1997 by Bob Parsons, who is still the founder and CEO of the company.
They remain the largest ICANN domain registrar in the world with over 32 million domains currently under their management. GoDaddy has been included in the top 500 list of the fastest- growing, privately held companies in the nation for the last 3 years. They also participate in a list of charities too long to mention, but found under "Go Daddy Cares" on their website.
Besides domain registry GoDaddy also supplies:
Domain - purchase, management, renewals, transferring, auctions, and enhancements.
Hosting - plans, management, enhancements, and server plans.
Email - plans, management, enhancements, and marketing for your business.
SiteBuilders - enhancements, do it yourself plans, and build it for you plans.
Business - tools, reseller programs, ecommerce products, marketing tools, and gift cards.
SSL Certificates - purchase and management.
Reseller - Opportunities and management.
Unlike many webhosting companies that offer one or a few web hosting package options GoDaddy provides enough products to fit the needs of just about anyone wanting to design or start a website. Go Daddy does not provide "toll free" phone support. However, they have a ton of options to provide support such as (not outsourced) phone, email, FAQ, Knowledgebase, help guides, tutorials, glossary, and forum.
In our GoDaddy review we found their website to be very comprehensive yet easy to find the information you need, and fun stuff too(like their commercials) . Another advantage to GoDaddy is they do not require any long term contracts, they offer 12, 24, and 26 month discounts but do not require you to do so.
GoDaddy was started in 1997 by Bob Parsons, who is still the founder and CEO of the company.
They remain the largest ICANN domain registrar in the world with over 32 million domains currently under their management. GoDaddy has been included in the top 500 list of the fastest- growing, privately held companies in the nation for the last 3 years. They also participate in a list of charities too long to mention, but found under "Go Daddy Cares" on their website.
Besides domain registry GoDaddy also supplies:
Domain - purchase, management, renewals, transferring, auctions, and enhancements.
Hosting - plans, management, enhancements, and server plans.
Email - plans, management, enhancements, and marketing for your business.
SiteBuilders - enhancements, do it yourself plans, and build it for you plans.
Business - tools, reseller programs, ecommerce products, marketing tools, and gift cards.
SSL Certificates - purchase and management.
Reseller - Opportunities and management.
Unlike many webhosting companies that offer one or a few web hosting package options GoDaddy provides enough products to fit the needs of just about anyone wanting to design or start a website. Go Daddy does not provide "toll free" phone support. However, they have a ton of options to provide support such as (not outsourced) phone, email, FAQ, Knowledgebase, help guides, tutorials, glossary, and forum.
In our GoDaddy review we found their website to be very comprehensive yet easy to find the information you need, and fun stuff too(like their commercials) . Another advantage to GoDaddy is they do not require any long term contracts, they offer 12, 24, and 26 month discounts but do not require you to do so.
World Of Web Hosting
In a normal hosting scenirio, your website is hosted on a single web server. When a client requests a web page, the server sends the same to the client. But when you have a huge traffic , the load on server increases and it effects the speed of delivering the web page to the client. The solution for this is load balance servers.
In order to achieve web server scalability, more servers need to be added to distribute the load among the group of servers, which is also known as a server cluster . The load distribution among these servers is known as load balancing. Load balancing applies to all types of servers (application server, database server).
Load Balanced technology allow a group of servers to intelligently service requests made to a host name. This high performance architecture allows for significantly greater performance than can be achieved by a single server. In addition, if any of the services on a single server fail, the requests will be automatically routed to the remaining server. As a result, downtime related to server failures or administrative maintenance can be significantly reduced or eliminated!
If you are looking for a zero downtime, you can go for a hosting plan with load balance technology. POWWEB HOSTING has the load balancing server technolgy advantage.
In order to achieve web server scalability, more servers need to be added to distribute the load among the group of servers, which is also known as a server cluster . The load distribution among these servers is known as load balancing. Load balancing applies to all types of servers (application server, database server).
Load Balanced technology allow a group of servers to intelligently service requests made to a host name. This high performance architecture allows for significantly greater performance than can be achieved by a single server. In addition, if any of the services on a single server fail, the requests will be automatically routed to the remaining server. As a result, downtime related to server failures or administrative maintenance can be significantly reduced or eliminated!
If you are looking for a zero downtime, you can go for a hosting plan with load balance technology. POWWEB HOSTING has the load balancing server technolgy advantage.
Forex Trading Online
Forex Trading Online has become one of the most popular ways to make money from the comfort of your own home in recent times. There are now literally hundreds of, forex trading courses online out there that can teach you how to trade the foreign currency exchange markets.
If you didn't know, forex trading is simply placing trades on the movements of currencies around the world. It has been around for year and stock brokers have been able to make a killing from it, however they've also made huge losses with it.
Don't make the mistake that other people do, find trusted forex online trading systems that will work for you and you can follow. The one thing with this, unlike affiliate marketing is that you do need starting captial to start. You don't need much but the more you have the more successful you can become (or the more you can lose).
Recently there has been an explosion of programs coming out, from people giving you advice on trades to automatic forex robots that place trade automatically for you. The latter is probably one of the more popular systems as it requires little intervention and robot make decisions based on historical data.
Warning: never risk more money than you can afford with forex trading online and always make sure it's a popular product before investing in any forex trading books online.
If you didn't know, forex trading is simply placing trades on the movements of currencies around the world. It has been around for year and stock brokers have been able to make a killing from it, however they've also made huge losses with it.Don't make the mistake that other people do, find trusted forex online trading systems that will work for you and you can follow. The one thing with this, unlike affiliate marketing is that you do need starting captial to start. You don't need much but the more you have the more successful you can become (or the more you can lose).
Recently there has been an explosion of programs coming out, from people giving you advice on trades to automatic forex robots that place trade automatically for you. The latter is probably one of the more popular systems as it requires little intervention and robot make decisions based on historical data.
Warning: never risk more money than you can afford with forex trading online and always make sure it's a popular product before investing in any forex trading books online.
Leveraging ForEx Signals
am revealing to you a ForEx trading strategy to place trades on profitable buy or sell signals. Use the currency pair GBP / USD. Employ the 5 minute chart for length of time. Indicators can be MACD 5, 8, 9, SAR on MACD with figures of 0.1, 0.11 and SAR on the chart with figures 0.1, 0.11.
I recommend trading from Tuesday to Friday between 7.00 am to 12.00 am EST only. When two SARs match, it means that it is the equal buy or sell chances. Place your trades with 1 order [option to terminate at 5 pips] or 2 orders for longish trading. Modify stop loss when you have gone to the finish. Ensure that there is only 1 SAR dot on charts before you begin. If you observe only a dot on chart at entry, simply terminate trade at this point. Follow rules and discipline to leverage this profitable ForEx signal.
Target profit at 5 pips for the first. For the second, scalp your profit target if you see an opposite signal.
Exits: In live trading, you may see one of the SARs’ signals reversing trend while the other doesn’t signal anything. Simply continue the trade. Remember, the stop loss is at second nearest dot of SAR found in the 5 minute chart. Revise your stops for orders for every recent SAR dot till you get to the second closest SAR dot. Usually, the first SAR is a hot cake though the second holds on. Don’t alter your stop at this stage. Continue observing until the SAR regresses.
There you go! You have learnt one profitable ForEx signal. For more profitable signals, use ForEx Ambush, a trading tool that generates buy and sell signals profitably with a winning rate of 96%.
I recommend trading from Tuesday to Friday between 7.00 am to 12.00 am EST only. When two SARs match, it means that it is the equal buy or sell chances. Place your trades with 1 order [option to terminate at 5 pips] or 2 orders for longish trading. Modify stop loss when you have gone to the finish. Ensure that there is only 1 SAR dot on charts before you begin. If you observe only a dot on chart at entry, simply terminate trade at this point. Follow rules and discipline to leverage this profitable ForEx signal.
Target profit at 5 pips for the first. For the second, scalp your profit target if you see an opposite signal.
Exits: In live trading, you may see one of the SARs’ signals reversing trend while the other doesn’t signal anything. Simply continue the trade. Remember, the stop loss is at second nearest dot of SAR found in the 5 minute chart. Revise your stops for orders for every recent SAR dot till you get to the second closest SAR dot. Usually, the first SAR is a hot cake though the second holds on. Don’t alter your stop at this stage. Continue observing until the SAR regresses.
There you go! You have learnt one profitable ForEx signal. For more profitable signals, use ForEx Ambush, a trading tool that generates buy and sell signals profitably with a winning rate of 96%.
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