Saturday

What are the Secrets in Forex Trading?

More than 100 million people in the world are looking for profitable investment. We love talking investment because this is the energyless but high profit gain business. Forex Trading is the world's largest financial market with an estimated daily average turnover between $1.5 trillion to $2.5 trillion that we cannot doubt. If we want to make profit from this investment, there are some related knowledges that we definitely need to know.
Use Future data to justify market trend.
Pivot Program shows entry & exit signals.
Familiar Chart Patterns and Trend lines.
how big dogs are doing?
euro vs USD Tricks.
Be Smart to Filter Various Currency pairs.
Confident to Control Up and Down Trendy.
Avoid Pitfalls of Dumb money.
Intelligent stop loss strategies implementation.
AIME methodology
History is your tips.
Hedge currency Trades .
Advantages of Forex Trading
Are you new to trade currency? Are you giving up due to your past trade? Get yourself to know the primitive advantages of Forex trading. And you are also essentially advised to refer to the risk-bearing.
Two Way Market where traders can trade in Bull and Bear market
Margin Trading 100 : 1 leverage
Low Account Balance for entry
Can work in odd work due to 24 hours a day from Sunday night to Friday noon
Flexible transaction sizes
Very dynamic and trendy
No worry about bad fills due to price gaps
Can practice at online simulation until you become expert read more..

Tuesday

Forex Online Trading Program

Like many other investments, forex trading carries a high level of risk and may not be suitable for all investors. Forex trading requires constant monitoring and an understanding of the relationship between currencies, as well as what factors influence the currencies' value. If you are a retail investor considering trading in this market, you need to understand fully the market and some of its unique features.
One final note before we begin. This program does not suggest that you should or should not trade in the retail off-exchange foreign currency market. You should make that decision after consulting with your financial advisor and considering your own financial situation and objectives.
This program should serve as just one element of your due diligence.
We have divided this program into six modules:
The fundamentals of foreign currency exchange rates; How foreign currencies are quoted and priced; How much it costs to trade foreign currencies; How to calculate profits and losses; How leverage works; and The risks of forex trading.
you can view module from http://www.nfa.futures.org
To help you understand the language of forex trading, we have developed a complete Forex Glossary of Terms. You can view this glossary at any time during the program by simply clicking on the “Glossary of Terms” button in the upper right portion of the screen.
What are foreign currency exchange rates
Let’s start with a definition of foreign currency exchange rates. Simply put, foreign currency exchange rates are what it costs to exchange one country’s currency for another country’s currency. For example, if you go to England on vacation, you will have to pay for your hotel, meals, admissions fees, souvenirs and other expenses in British pounds. Since your money is all in US dollars, you will have to sell some of your dollars to buy British pounds. Let’s assume that you have decided to take a trip to England. Before you leave, you go to your bank and buy $1,000 worth of British pounds. If you get 565.83 British pounds (£565.83) for your $1,000, each dollar is worth .56583 British pounds. This is the exchange rate for converting dollars to pounds. After spending a few days in England, you realize that £565.83 won’t be enough to cover all of your expenses. So you go to a bank in England and buy another $1,000 worth of British pounds. This time, however, you get only £557.02 for your $1,000. The exchange rate for converting dollars to pounds has dropped from .56583 to .55702. This means that US dollars are worth less compared to the British pound than they were before you left on vacation. When you arrive home, you still have some British pounds left. So you go to your bank and use your remaining £100 to buy US dollars. If the bank gives you $179.31, each British pound is worth 1.7931 dollars. This is the exchange rate for converting pounds to dollars. But what if you were traveling to France? The currency used in France is the Euro. If you go to your bank and buy $1,000 worth of Euros with an exchange rate of 0.8064, how many Euros will you get? When you think you know the answer, click Next. Exchanging $1,000 for Euros with an exchange rate of 0.8064 means you will receive 806.40 Euros. Conversely, if you were living in France and planned a vacation in the United States, you would go to your bank to buy US dollars with Euros.
If the exchange rate was 1.2403, how many U.S. dollars would you get for your 1,000 Euros? When you think you know the answer, click You would receive $1,240.30 for your 1,000 Euros.
Theoretically, you can convert the exchange rate for buying a currency to the exchange rate for selling a currency, and vice versa, by dividing 1 by the known rate. For example, if the exchange rate for buying British pounds with US dollars is .56011, the exchange rate for buying US dollars with British pounds is 1.78536. In other words, one divided by .56011 equals 1.78536. Similarly, if the exchange rate for buying US dollars with British pounds is 1.78536, the exchange rate for buying British pounds with US dollars is .56011 (or one divided by 1.78536 equals .56011). This is how newspapers often report currency exchange rates.
You should know, however, that you will not receive the price quoted in the newspaper if you trade forex. That’s because banks and other market participants make money by selling the currency to customers for more than they paid to buy it and by buying the currency from customers for less than they will receive when they sell it. This difference is called a spread and we’ll talk more about spreads later in this program.
As you can see, currency exchange rates fluctuate. Retail customers who trade in the forex market hope to profit from those fluctuations
you can view all modules from Http://nfa.futures.org

Forex Market Snapshot







Introduction
The following facts and figures relate to the foreign exchange market. Much of the information is drawn from the 2007 Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity conducted by the Bank for International Settlements (BIS) in April 2007. 54 central banks and monetary authorities participated in the survey, collecting information from approximately 1280 market participants.
Excerpt from the BIS:
"The 2007 survey shows an unprecedented rise in activity in traditional foreign exchange markets compared to 2004. Average daily turnover rose to $3.2 trillion in April 2007, an increase of 71% at current exchange rates and 65% at constant exchange rates...Against the background of low levels of financial market volatility and risk aversion, market participants point to a significant expansion in the activity of investor groups including
hedge funds, which was partly facilitated by substantial growth in the use of prime brokerage, and retail investors...A marked increase in the levels of technical trading – most notably algorithmic trading – is also likely to have boosted turnover in the spot market...Transactions between reporting dealers and non-reporting financial institutions, such as hedge funds, mutual funds, pension funds and insurance companies, more than doubled between April 2004 and April 2007 and contributed more than half of the increase in aggregate turnover." - BIS
Structure
Decentralised 'interbank' market
Main participants: Central Banks, commercial and investment banks, hedge funds, corporations & private speculators
The free-floating currency system began in the early 1970's and was officially ratified in 1978
Online trading began in the mid to late 1990's
Source: BIS Triennial Survey 2007
Trading Hours
24 hour market
Sunday 5pm EST through Friday 4pm EST.
Trading begins in New Zealand, followed by Australia, Asia, the Middle East, Europe, and America
Size
Largest financial market in the world
$3.2 trillion average daily turnover, equivalent to:
More than 10 times the average daily turnover of global equity markets1
More than 35 times the average daily turnover of the NYSE2
Nearly $500 a day for every man, woman, and child on earth3
An annual turnover more than 10 times world GDP4
The spot market accounts for just under one-third of daily turnover
1. About $280 billion - World Federation of Exchanges aggregate 2006 2. About $87 billion - World Federation of Exchanges 2006 3. Based on world population of 6.6 billion - US Census Bureau 4. About $48 trillion - World Bank 2006.
Source: BIS Triennial Survey 2007
Major Markets
The US & UK markets account for just over 50% of turnover
Major markets: London, New York, Tokyo
Trading activity is heaviest when major markets overlap5
Nearly two-thirds of NY activity occurs in the morning hours while European markets are open6
5. The Foreign Exchange Market in the United States - NY Federal Reserve6. The Foreign Exchange Market in the United States - NY Federal Reserve
Average Daily Turnover by Geographic Location









Concentration in the Banking Industry
12 banks account for 75% of turnover in the U.K.
10 banks account for 75% of turnover in the U.S.
3 banks account for 75% of turnover in Switzerland
9 banks account for 75% of turnover in Japan
Source: BIS Triennial Survey 2007
Technical AnalysisCommonly used technical indicators:
Moving averages
RSI
Fibonacci retracements
Stochastics
MACD
Momentum
Bollinger bands
Pivot point
Elliott Wave
Currencies
The US dollar is involved in over 80% of all foreign exchange transactions, equivalent to over US$2.7 trillion per day
Currency Codes
USD = US Dollar
EUR = Euro
JPY = Japanese Yen
GBP = British Pound
CHF = Swiss Franc
CAD = Canadian Dollar
AUD = Australian Dollar
NZD = New Zealand Dollar
Average Daily Turnover by Currency
N.B. Because two currencies are involved in each transaction, the sum of the percentage shares of individual currencies totals 200% instead of 100%.
Source: BIS Triennial Survey 2007
Currency Pairs
Majors: EUR/USD, USD/JPY, GBP/USD, USD/CHF
Dollar bloc: USD/CAD, AUD/USD, NZD/USD
Major crosses: EUR/JPY, EUR/GBP, EUR/CHF
Average Daily Turnover by Currency Pair

Gain Capital Group Launches 'Learn to Trade Forex;' Online Education Course for Investors New to Currency Trading

WARREN, N.J. -- GAIN Capital Group, a leading non-bank provider of foreign exchange (forex) trading and asset management services, today announced the launch of Learn to Trade Forex (www.learn-to-trade-forex.com), a new online training course designed to educate individual investors on the fundamentals of forex trading.
"Increasingly, self-directed individual investors are looking to the Forex market as an alternative asset class," stated Mark Galant, CEO and Founder of GAIN Capital. "They are attracted by the Forex market's superior liquidity, lower transaction costs, and 24-hour access. Consequently, there is a strong demand for education and tactical ways to trade currencies," continued Galant.We priced Learn to Trade Forex at $99 to make it accessible to anyone who has an interest in trading currencies," commented Mr. Galant. "The purpose of Learn to Trade Forex is to introduce investors to the Forex market, help them sharpen their trading skills, gain confidence and, ultimately, become better currency traders."
The self-paced course consists of seven lessons focusing on essential information needed to trade the Forex market. Students are taught how to:
--Understand currency quoting and the factors that drive individual currency movements
--Read and analyze currency charts using advanced technical tools
--Effectively utilize the leverage available in forex trading
--Manage risk and protect open positions using stop loss and other order types

--Anticipate and react to major economic events impacting global currency prices
--Employ sound money management techniques to maximize gains and limit losses.
In addition, all students receive a demo account funded with $25,000 of virtual money to practice lessons learned on a live trading platform.
Several lessons of the course are dedicated to identifying chart patterns and using technical analysis. "In many ways, trading currencies is similar to trading equities and futures, commented Mr. Galant. "Also, forex lends itself particularly well to technical analysis. More than 90% of the $1.9 trillion that is traded every day in the Forex markets involves the six major currency pairs. As a result, currencies trend very well and often trade with recognizable patterns," continued Mr. Galant.
In the past 12 months, GAIN's retail division, FOREX.com, has experienced a 150% surge in new accounts, indicating a growing interest in forex trading among self-directed individual investors.
About GAIN Capital Group


GAIN Capital Group is a leading non-bank provider of foreign exchange services, including direct-access trading and asset management. Founded in 1999 by Wall Street veterans, GAIN is one of the largest, most respected firms in the industry, servicing clients from more than 110 countries around the globe. Monthly trade volume currently exceeds $60 billion per month.
The company's flagship service, GAIN Capital (www.gaincapital.com) focuses on the needs of professional forex traders, money managers and experienced forex day traders. Recently, GAIN Capital was recognized by FX Week as the number one currency forecaster of 2004. GAIN earned the top ranking by consistently providing the most accurate 1-month and 3-month market forecasts.
FOREX.com (www.forex.com) services individual investors of all experience levels. The robust product offering includes a full-service trading platform, lower account minimums and extensive educational content.
For more information about the Learn to Trade Forex training course, please visit http://www.forex.com/training or www.learn-to-trade-forex.com.

Friday

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Monday

Pleural mesothelioma



Pleural Mesothelioma The incidence of pleural mesothelioma will probably increase into the next century. A complete occupational history should include an inquiry about asbestos exposure, especially in patients with chest pain or dyspnea. The latency period between exposure and mesothelioma is as long as 50 years. In some patients, early diagnosis leads to a chance of cure. In most cases, however, there is no cure. Accurate diagnosis and a frank discussion of prognosis will allow patients to prepare for death. Pleural mesothelioma is a mesenchymal tumor that occurs primarily in the pleura (80 percent of cases) or the peritoneum (20 percent of cases).(1) First described in 1870, the association between mesothelioma and asbestos was not convincingly documented until 1960, when high tumor rates were found in South African asbestos miners.(2)


Mesothelioma is a rare tumor, with an incidence rate of one to two cases per 1 million persons per year. In some asbestos-exposed groups, however, mesothelioma accounts for 10 percent of all deaths.(3)
Early diagnosis is crucial for any hope of cure. Even in typical cases where cure is impossible, the diagnosis is important so that patients can prepare for death, both psychologically and practically.
Epidemiology
The term "asbestos" refers to any of a group of naturally occurring fibrous silicates, mainly crocidolite (blue asbestos, mined in South Africa), chrysotile (white asbestos, mined in Canada, the United States and the Soviet Union), amosite (brown asbestos, mined in South Africa) and anthophyllite (mined in Finland).

Exposure to asbestos is the number one risk factor for malignant mesothelioma. Of the types of asbestos, crocidolite is by far the most dangerous, followed by amosite and chrysotile.(4,5)
There is a latency period of 20 to 50 years between asbestos exposure and the development of mesothelioma. It was estimated that the incidence of mesothelioma would peak in the late 1980s, because of the heavy asbestos use in the shipbuilding industry during World War II.(6) Two considerations make it appear likely that the incidence of mesothelioma will continue to rise into the early twenty-first century.(7)
First, the safe level of asbestos exposure is unknown. Most risk estimates are extrapolated from studies of heavily exposed individuals.(8) The relevance of these data to lightly exposed persons is unclear. Most urban dwellers have some asbestos fibers in their lungs.(9) Family members of asbestos workers have developed mesothelioma,(10) as have persons living in the vicinity of asbestos plants.(11) Some cases of mesothelioma have been reported in persons who were exposed to asbestos for a period as short as two days.(12)
The uncertainty over safe levels of asbestos exposure is illustrated by recent government actions. In June 1987, the Occupational Safety and Health Administration lowered permissible exposure levels from less than 2 fibers per cubic centimeter of air to less than .01 fibers per cubic centimeter of air. The Environmental Protection Agency is considering a total ban on asbestos.(13) There is, apparently, no proven safe threshold level.(14)
The second reason for the growing incidence of mesothelioma is the fact that asbestos is still widely used in manufacturing and industry in the United States. Its strength and superior qualities of heat, acid and sound resistance make it an attractive industrial material. Asbestos is a component of concrete, asphalt, tile, industrial water filters, brake linings, clutch linings, pipes, paints, steam pipe insulation and electric wire insulation. Crocidolite, the most dangerous asbestos, is the fiber of choice for large-diameter pressure pipes. Although asbestos is usually bound inertly in these products, fabrication or use of the products often entails drilling or cutting the material, liberating dangerous asbestos dust in the process. Many workers in the construction and manufacturing industries continue to be exposed to asbestos.
Clinical Features
Chest pain and dyspnea are the most common symptoms of pleural mesothelioma.(15,16) The chest pain is characteristically nonpleuritic and varies in intensity from mild to incapacitating. Constitutional symptoms such as fever, weight loss and weakness are not uncommon. Despite the proven link between asbestos and mesothelioma, fewer than 50 percent of studied patients relate a definite history of asbestos exposure. This low figure may simply be a matter of inaccurate histories in persons with a disease that has a 20- to 50-year latency period or may reflect exposure to various dusts or chemicals presently unrecognized as etiologic factors, unrecognized incidental exposure or other etiologic mechanisms.
Physical findings are usually those of an underlying pleural effusion, which is present in more than 50 percent of cases at diagnosis. Other specific physical findings are usually lacking. The tumor may spread through the thoracic wall, producing subcutaneous nodules, but distant metastasis is unusual at the time of initial diagnosis, and such a finding suggests another type of tumor. In about 25 percent of patients, hematogenous metastasis to other organs will develop during the course of the disease.(17)

Chest radiographs are rarely normal in patients with mesothelioma. Findings include pleural effusion, pleural thickening, pericardial effusion, a mediastinal or chest wall mass, and pulmonary nodules.
Diagnosis is confirmed by tissue examination. In the presence of pleural effusion, about 30 percent of aspirated specimens of pleural fluid are positive for malignant cells. Pleural biopsy of the involved area is positive in about one-half of the cases and shows atypical cells in another one-third. If aspiration and needle biopsy of the pleura are negative, open thoracotomy with biopsy should be considered.
Patients with pleural mesothelioma require a multidisciplinary treatment approach, which may include surgery, radiation therapy and chemotherapy. Median survival is 12 months; only 5 percent of patients survive five years, although early diagnosis and treatment may occasionally lead to cure. Aggressive combination therapy has been reported to prolong survival, but such studies did not address quality-of-life issues, and the findings have not been uniformly confirmed.(18) The family physician's main task is usually to coordinate palliative therapy, assure pain control and provide psychologic support for patients and their families.
Illustrative Case
A 75-year-old man complained of constant upper-left lateral thoracic pain. He said he had fallen from his bicycle shortly before the onset of symptoms and attributed the pain to the fall. Physical examination was unrevealing. Rib films showed no abnormality, and he was treated with aspirin. When he was seen again one month later, the pain had not abated. His medication was changed to ibuprofen, again without total relief. A chest film at this time was normal.

For the next six months, the pain waxed and waned but was generally tolerable. The patient did not lose weight and, aside from weakness and mild dyspnea, did not complain of other symptoms. When the pain suddenly worsened, another chest film was taken, which showed a pleural mass and effusion in the upper left thorax At this point, the patient revealed that in 1937, he had been employed for 30 days as a lathe operator working on high-pressure pipes that contained asbestos. Pleural biopsy confirmed the diagnosis of mesothelioma.
Because of a recent myocardial infarction and worsening coronary artery disease, he was not a surgical candidate. Faced with the diagnosis, the patient entered a prolonged period of denial. A family conference was held, and the diagnosis, prognosis and practical options open to the patient were frankly discussed. When the patient accepted the diagnosis and the inevitability of death, he executed a durable power of attorney for health care, completed a will and made other financial decisions important to his family. He chose not to undergo chemotherapy or radiation therapy.
The patient's care was managed at home with the assistance of visiting hospice nurses and family counseling. He died three and one-half months after the diagnosis of mesothelioma was made.

This case illustrates several of the characteristics of mesothelioma. The patient was exposed to asbestos for only a brief period, and there was a long interval between exposure and the development of mesothelioma. Since the patient was working with high-pressure pipes, he was probably exposed to crocidolite. Initial symptoms were chest pain and dyspnea. The diagnosis was suggested by an abnormal chest radiograph, and the clinical course was rapidly fatal.
Pleural mesothelioma is an aggressive cancer. Early diagnosis can sometimes lead to a cure, but in most patients, diagnosis is important for allowing the patient to prepare for death. In the illustrative case, the patient was able to use his remaining period of competency to complete various legal and financial tasks. Failure to make a definitive diagnosis, combined with the patient's denial, could have imposed substantial legal, psychologic and financial burdens on the family as the patient's condition deteriorated.
PHOTO : Chest film showing pleural-based masses in the left upper chest and a left pleural

PHOTO : effusion. REFERENCES (1)Elmes PC, Simpson JC. The clinical aspects of mesothelioma. QJ Med 1976;45(179):427-49. (2)Wagner JC, Sleggs CA, Marchand P. Diffuse pleural mesothelioma and asbestos exposure in the North Western Cape Province. Br J Ind Med 1960;17:260-71. (3)Churg A. Malignant mesothelioma. Chest 1986;89(4 Suppl):367S-8S. (4)DeLuca SA, Rhea JT. Pleural mesothelioma. Am Fam Physician 1986;33(5):103-4. (5)Berry G, Newhouse ML. Mortality of workers manufacturing friction materials using asbestos. Br J Ind Med 1983;40:1-7. (6)Huncharek M. The biomedical and epidemiological characteristics of asbestos-related disease: a review. Yale J Biol Med 1986;59:435-51. (7)Walker AM, Loughlin JE, Friedlander ER, Rothman KJ, Dreyer NA. Projections of asbestos-related disease 1980-2009. J Occup Med 1983;25:409-25. (8)Hughes JM, Weill H. Asbestos exposure--quantitative assessment of risk. Am Rev Respir Dis 1986;133:5-13. (9)Churg A. Current issues in the pathologic and mineralogic diagnosis of asbestos-induced disease. Chest 1983;84:275-80. (10)Li FP, Lokich J, Lapey J, Neptune WB, Wilkins EW Jr. Familial mesothelioma after intense asbestos exposure at home. JAMA 1978;240:467. (11)Fischbein A, Rohl AN. Pleural mesothelioma and neighborhood asbestos exposure. Findings from microchemical analysis of lung tissue. JAMA 1984;252:86-7. (12)Chahinian AP, Pajak TF, Holland JF, Norton L, Ambinder RM, Mandel EM. Diffuse malignant mesothelioma. Prospective evaluation of 69 patients. Ann Intern Med 1982;96(6 Pt 1):746-55. (13)Garrahan K. Mesothelioma: has patient had contact with even small amount of asbestos? [News] JAMA 1987;257:1569-70. (14)Churg A. Nonneoplastic asbestos-induced disease. Mt Sinai J Med [NY] 1986;53:409-15. (15)Vogelzang NJ, Schultz SM, Iannucci AM, Kennedy BJ. Malignant mesothelioma. The University of Minnesota experience. Cancer 1984;53:377-83. (16)Adams VI, Unni KK, Muhm JR, Jett JR, Ilstrup DM, Bernatz PE. Diffuse malignant mesothelioma of pleura. Diagnosis and survival in 92 cases. Cancer 1986;58:1540-51. (17)Brenner J, Sordillo PP, Magill GB, Golbey R. Malignant mesothelioma of the pleura. Review of 123 patients. Cancer 1982;49:2431-5. (18)Ginsberg RJ. Diffuse malignant mesothelioma: a therapeutic dilemma [Editorial]. Ann Thorac Surg 1986;42:608.

The downside of online trading


When the market does fall, online brokerages should theoretically be equipped to handle four times as many trades as they currently process without a hiccup. But so far the hiccups won't go away. The sites for Schwab and E*Trade each went down five times earlier this year. E*Trade already faces several class-action lawsuits, and after customers complained that inaccessible sites caused them to lose money, regulators in New York began investigating the industry.


Because online brokerages have substantially upgraded their Internet and phone capacity, regulators may be more inclined to see investor behavior and misleading advertising by some online brokerages as the key issues. Earlier this year the Securities and Exchange Commission rebuked investors for trading online too quickly and too often. E-commerce analyst Bill Burnham of Credit Suisse First Boston predicts the SEC will require brokerages to post warnings to investors online that they aren't necessarily guaranteed access to the market at all times.
Still, in the next massive market sell-off, the best place for an investor to make trades will be online, says Burnham. "The traditional broker is only one human being with all these people calling him, whereas tens of thousands of trades can be processed at once online."