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Wednesday, September 2, 2009

A Review of Easy Forex

By Kris Deaney

The Currency exchange marketplace is a huge worldwide marketplace with billions exchanged everyday. This is one of the things that makes it so exciting to trade in and why there are such huge opportunities for traders.

Brokers in Forex act as market makers because the market is unregulated. This means that there is no established exchange and currency is bought and sold freely. This is one of the most important reasons for having a good broker.

They need to be able to give a user or trader the proper levels of liquidity to ensure that currency can be bought and sold at the right prices, without spikes in prices or not being able to sell at all.

Since the time that I began to use Easy Forex as my broker, I have never had a problem with this and found that I can always easily sell or buy. I also have my own personal account manager who is able to help with any issues.

You do not need to download or have any software on your computer, it is all totally web based, meaning that you could be trading from any location anywhere in the world! As long as you have access to an internet connection of course.

Another great thing about using Easy Forex as your broker, is the courses in trading and education that they provide to people. If you are a beginner or currently have a limited knowledge of the forex marketplace then this education is absolutely essential, and can really make the difference between success and failure.

There is also a complimentary news service that comes as part of a membership. It means that people get up to the minute news and data of the economic events and announcements, as well as world news and politics.

You can get going with a mini account with Easy Forex for just $12.50. You can deposit funds with either a credit card, or paypal and withdrawals are organized with a phone call.

Although, anyone can open an account for free, to get an idea of what it's all about, or to use the training materials. - 23208

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Choosing Between a Forex Mini Account and a Demo Account

By Brad Morgan

The standard Forex account has a petite version referred to as a Mini account. The minimum amount compulsory for starting an account is $2000 for the standard account. Whereas, the minimum for a mini account is totally $400.

With regards to trading lots, "mini lots" is the label used for Mini accounts. For a Standard Foreign Exchange account, the pip value is $10 meaning if the market moves opportunely for you in say 100 pips then you would make $1000. The Mini account has a much shorter pip which is $1 so you merely get $100 from a opportune movement of 100 pips.

If you'd prefer to open up an account with even less dollars than any mini account there is even a "micro account". A micro account could be opened for as low as $25. If the market goes 100 pips in your way in this type of account your earnings would be $10.

For those merely testing the waters, the baby brother mini accounts would be suitable. While there are demo accounts at hand that do not need money to commence, these mini accounts have worthwhile characteristics.

This characteristic is that you will nevertheless be utilizing honest to goodness money. Using it grants you to trade in a manner that will resemble your trading behavior in the event that you choose to open the standard currency account.

For a Demo account, having no bona fide money means no factual risk. In truth, people regard the demo trading as a play trade with play money. Thus a phenomemon happen where newbie traders are pros at trading with demo accounts but lose weightily when they start using standard accounts with real money.

Your purpose when trading your Forex mini account is to approximately replicate what you will do when you move up to a standard account. You will have a chance to put your trading skills to the test yet at the same time having a minuscule amount of money on the table.

Ensure that you handle your mini account with the same level of consideration and risk control that you will use with your standard Forex account. This will ensure you cultivate the appropriate level of discipline to trade Forex profitably.

When you are profitably able to trade your Forex mini account you can then step into a standard account with poise. - 23208

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A Historical Look At Guaranteed Investment Certificates

By Amy Nutt

Guaranteed investment Certificates, (GIC) are Canadian investments that provide a guaranteed rate of return over a fixed period of time. GICs are normally provided by banks, credit unions, and trust companies.

The earliest forms of guaranteed fixed-income investments included such investments as bank notes and mutual funds. The first Canadian fund, Canadian Investment Fund Ltd. (CIF), was established in 1932. It changed its name to Spectrum United Canadian Investment Fund in 1996, and this fund changed name at the end of August 2002 to CI Canadian Investment Fund. Investing in guaranteed investment certificates, or GICs, has been the safe and sound choice from the time when registered retirement savings plans became available in 1957. GICs were created to give people a guaranteed return on an investment. Back in the 1970's, interest rates on investments were higher averaging about 7.7 per cent and as much as 15.8 per cent in 1982. Part of that high interest rate was due to higher price inflation than today.

Interest rates are lower now. Over the past five years, GICs with a five-year term have paid an average of less than 3 per cent a year. Because Guaranteed Investment Certificates are low risk, there is normally a lower rate of return. With a GIC, the financial institution will borrow the person's money for a specified amount of time which can be six months, one year, two years, or up to 10 years. When the GIC period has ended, your initial investment will be returned plus any accrued interest.

To own a GIC you must deposit at least $500.00. When the period has ended, one can then cash them as taxable income or renew it for another term. If you cash out before the term as ended, you will be required to pay a fee. GICs tend to pay a higher interest rate than bank savings accounts, but less most other investments. Interest rates tend to range from 1-9%.

There are other types of GICs such as Market Growth GICs. Their interest rates depend on the rate of growth in the stock market. This is a bit more risky as the market rates tend to fluctuate. Just like regular GICs, Market Growth GICs are low-risk because your original investment is guaranteed to be returned.

GICs are a popular investment choice due to their safety and security, guaranteed growth. (The interest rate is guaranteed with fixed-rate GICs,) flexible terms, and flexible payments. With some GICs, you can decide how you collect the interest you earn, such as monthly, annually or at maturity.

Guaranteed Investment Certificates make for a sound investment if you want a protected place to save your money. GICs could be used as a part of a fixed income portion of your portfolio, used for retirement supplemental income, or just to hold your money until you come up with a number of long-term financial strategies.

Guaranteed Investment Certificates have had a long history of providing Canadians with low risk financial planning investments for retirement or other investment endeavors. Investment portfolios will benefit from having an investment with a guaranteed rate of return. As well, these investments are often selected during periods of market volatility. - 23208

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Trading Decreased Volatility Breakout (Part I)

By Ahmad Hassam

Trading breakouts is one of the most popular ways of making pips from the forex market. Decreased volatility breakout is one of the subsets of breakout trading. While this strategy is similar to the strategy of trading breakouts, but it is specific to a certain conditions in the forex market.

Volatility tends to be high when prices change to a large extent within a short span of time. Volatility is a measure of the scale of price fluctuations over time. The reverse also holds when prices oscillate more or less close to a certain price level without deviating much from it over a long span of time, the volatility tends to be low during such periods.

It is the periods of high volatility that lets traders make pips and it is the volatile nature of the forex market that attracts the risk seekers in search of high returns. However, entering the market in periods of high volatility can be stressful for most of the traders as they dont know whether the trade will go their way or not. Why not concentrate on the low volatility period instead of focusing on the high volatility market.

Just like other financial markets, there is a tendency in the currency prices to alternate between periods of high volatility and low volatility in the forex market. This recurrent pattern is due to the crowd psychology which is the force behind changes in the forex market.

You must understand how trend is developed in the currency market and how the crowd psychology affects the different phases of the trend. There are four main stages of a trend and there is a different crowd psychology behind each stage of the trend. These four stages are: 1) Nascent Trend, 2) Fully Charged Trend, 3) Aging Trend and 4) End of Trend. These four stages are closely linked to the cycle of volatility in the market. Lets discuss these stages of a trend in detail.

First Stage-Nascent Trend: Most market players are still skeptical about the possible new trend direction during the nascent stage of the trend. In the beginning when the new trend just starts either upside or downside, volatility is low as both bears and bulls tread carefully and are cautious. Nothing is clear at this nascent stage of the trend when it is forming. Market players are trying to confirm or deny the start of a new trend. So everyone is cautious whether the new trend will continue or it will fizzle out.

Fully Charged Trend: When the trend progresses, it becomes fully charged as there is now evidence from fundamental data that supports the trend direction! It is time for more action now. Traders who are caught on the opposite side of the market become exposed when the new information proves them wrong.

During this period a lot of changing positions will take place. This causes the currency prices to move more dramatically within that trend period. Traders who were initially on the wrong side of the market become new converts to the trend.

New information convinces most of the traders of the direction of the trend. Traders become convinced of the direction of the trend. Everyone wants to jump in the trend. More and more positions are established bringing prices to higher highs in an uptrend or lower lows in a down trend. Hence volatility tends to be high during this period. - 23208

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Online Brokers Trading Fees Explored

By Charles Benedict

Stock broker commissions are becoming cheaper and cheaper. The choices are also expanding so look for competition to continually bring prices down. This is good for us, but there are so many choices to choose from. Here are a few you might want to look into.

OptionsHouse made a splash with their less than three dollars stock trade. If there is a cost that's as close to nothing as possible, this is the broker that you should choose.

Zecco came out with free stock trades, but then it changed its rules again and again. These days, you only get 10 free trades if you have more than $25,000 in assets or if you trade 25 times or more a month.

While OptionsXpress is pretty expensive with a high commission rate, they don't have any hidden fees. If you trade less than 35 times a quarter, the commission is $14.95. For high volume traders, it's $12.95.

Wells Trade is totally integrated with Wells Fargo so it's easy if you are a Wells Fargo customer. If you have $25,000, you get 100 free trades. Otherwise, it's $19.95 so only use this option if you have the funds.

One of the best discount broker is TradeKing, because of its amazing customer support. Their $4.95 a trade made headlines back in the days and continue to be one of the best options out there.

I love Etrade because of their user interface. Even though the stock commission is $9.99 and $12.99 in some cases, it is still at the top of my list of recommended stock brokers.

If you love customer service, you need to check out Scottrade. They've always give out bonuses to their employees and they have the best customer support. Their stock commission is $7 per trade.

TradeMonster is new and worth a look because of their ties to OptionsMonster. The celebrity endorsement of the Najarian Boys is reason enough to take a look.

The highest end stock broker in this list is Charles Schwab. While stock trades are $12.99, they do offer a 2% cash back credit card which makes up for some of the stock commissions.

TD Ameritrade isn't that great but it works. The less than ten dollar trade was a first of its kind. They also advertise no hidden fees although there's a fee if you transfer your account away from them. - 23208

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