How to Buy Exchange Trade Notes

By Coillcumhann Simpson

So you might no all about Exchanges Traded Funds, but how about the new kid on the block: Exchange Traded Notes. Well, ETNs are quite different from ETFs, and this article will look at how.

An unsecured promissory obligation issued by a company is a bond, and you buy a bond making a bet that the company will pay the interest that it promises during the life of the bond. Exchange Traded Notes are unsecured promissory obligations that are issued by financial institutions, and rather than offering a fixed rate of interest they are offering you a return that is linked to an index. In return for taking on the credit risk you track an index with zero tracking error.

An ETN has a stated maturity date, and like an ETF they can be bought and sold throughout the day. ETNs provide investors access to an asset classes that does not always have an alternative in the world of ETFs, as the issuers are free to select any index on which to base their product.

You will see that Exchange Traded Notes trade at premiums and discounts to their indicative Net Asset Value, or NAV. When you come across one of these products that is trading way below its NAV then you can take it as a sign that the market believes there is a credit risk. However, with that said, the ETNs that were issued by Lehman Brothers didn't trade at a discount at all. Then they went belly up.

Up until the advent of Exchange Traded Funds certain asset classes were the preserve of the institutional investor, but now the individual too has access to commodities, currencies and a wide range of foreign markets.

ETNs are governed by the Securities Act of 1933, whereas ETFs are regulated by the Investment Company Act of 1940. As a result of this difference Exchange Traded Funds tend to be more adventurous. That is all well and good, but the ETN investor should also remember that he has no claim to the underlying assets.

Any profits in ETNs are of course taxable. They are taxable as ordinary income if you hold them for less than a year, and they are taxable as long terms capital gains if you hold them for more than a year. - 23208

About the Author:

If you are interested in what an ETF Analyst has to write about ETFs, ETNs and other money instruments then see: http://hubpages.com/hub/ETF-Analyst-Leveraged-ETFs-are-Toxic

The Importance Of Forex Brokers

By James A Jackson

With all the technological advances available in today's financial markets it is no wonder there are more and more Forex companies available to chose from when considering investing in the Forex. If you are an investor looking to diversify into the foreign exchange markets and looking to check some of the companies or brokerages available to you, you need to know that as with any company, not all are on par or comparable to each other.

You should spend time researching the Forex Broker you are considering. Before you commit to choosing a Forex broker spend some time researching the various and numerous firms available and think about the following questions to ask as you consider which firm is best suited to your particular needs.

Some questions that come to mind include how our orders filled? Ask specifically how your stop loss or take profit orders will be filled. Find out if dealing spreads are Fixed or variable. This is an important question depending on your trading style. If you are a short term high-frequency trader you will want to aim for the tightest spreads possible. Or if your trading style is more along the lines of a more long-term style, spreads should not be the deciding factor when you are selecting your broker.

All brokerages within the United States are required to be registered as Futures Commission Merchants and must operate and abide by the laws governing forex trading by the CFTC. The importance of checking out brokers thoroughly and completely cannot be over emphasized.

It's important to note that brokers are not required to be registered with the NFA, but it provides an additional assurance to the firm's legitimacy if they are members as the firm can be checked out by using the NFA's Background Affiliation Status Information Center (BASIC) as a mechanism to investigate the brokerage firms' core principles and values as well as any regulatory actions that may have been taken against the firm and the ultimate resolutions to such actions.

Completing a thorough Forex Brokerage comparison will be invaluable to any long term investing strategy you may undertake as you trade the Forex. - 23208

About the Author:

You Can learn more about Forex Futures and Forex Hedging

Manufactured Houses : Some Tips To Help Select The Right Floor Plan For Any Modular House

By Shiv Das

Modular homes are homes that are manufactured in sections in factories and then transported to a prepared site for final assembly. These homes are cheaper and take relatively less time to construct. It takes a day to put up a 2000 sq.feet house. Modular homes are an inexpensive way to provide large scale low cost housing for the poor.

Floor Plans For Your Dream Modular Home

As in any construction, you will need modular home floor plans for constructing modular homes. These plans are easily available. The two main sources are the internet and home improvement stores. There are so many home floor plans that you will surely get one that meets your needs. Since the parts of a modular home are transported to a site, the floor plans differ from the usual norms.

You will get floor plans for modular homes that have a floor area starting from 800 to 3000 square feet. Even floor plans of cottages and ranches of varying dimensions are available. In the event that you do not get a plan of your liking you can have one made by modular home builders.

Your floor plan must satisfactorily answer the following questions.

* What would be size of your house?

* What type of floor plan would suit the neighborhood?

* What is the topography of your plot of land?

* How much are you ready to invest?

* Do you want a single storey or double storey house?

* How many bedrooms will you need?

* How much do you really desire bright and airy interiors?

You can only select the right floor plan, once you have answered these questions and some other that are likely to crop up during the course of construction. Remember minor modifications or changes can always be made to plans - but always take the opinion of your builder before you make any decisions yourself. - 23208

About the Author:

The advantages of modular homes are many. They are built better and cost relatively less . And modular homes can be really beautiful, too. To read more about modular home floorplans see http://www.TrulyLovelyHome.com .

Fast Trading With Automated FOREX Trading IvyBot

By John Adams

Automated FOREX trading can be a great way to go about FOREX trading as there are many different programs and software available. This software can be a great tool for those that do not have a lot of experience as this software not only can make your FOREX trades but it can also provide market analysis information which can help you identify market trends.

There are many features incorporated with automated FOREX trading software. A few of the more popular features are discretionary market orders, stop orders, automatic trailing stops, limit orders, technical analysis indicators and account equity management. With software you can trade on the FOREX market at any time of the day.

There are many indicators that you can use to create your system include a weighted moving average, mounted limits and stops, exponential moving average, mass index, quick moving average, tailing stops, variable moving average, standard deviation, triangular moving average, vertical horizontal filter, times series moving average and wilder's average true vary.

Successful traders are always learning and growing.Finding useful resources that provide good information, solid advice, and/or proven concepts is sometimes difficult to do. There is much information out there that is, at best, irrelevant, and at worst, erroneous. Successful traders use a combination to make more accurate predictions. Once you have the knowledge of how the forex currency trading works open a demo account and paper trade to practice until you have what it takes to make a consistent profit.

What this gives Ivybot traders is a sort of quality assurance that there is a human element in the works which closely supervises how the robot is doing to make sure that it stays current with the market.

In general it is possible to make up to eight FOREX trades in an hour. Software is able to update your information alongside the FOREX market as FOREX deals in real time. With new technology it is possible to make even more trades than ever. You also can make FOREX trades outside of the regular trading hours as the FOREX market runs 24 hours a day. Software can be a great time saver as you do not constantly need to be monitoring your trades. You can set up your system to makes automated trades so you can go about your day or enjoy time with your family. The many different tools and market analysis make FOREX software a great option for anyone interested in the FOREX market. - 23208

About the Author:

Jo Adams specialist in writing reviews on Auto Forex trading Software, IvyBot is one of the best software for the forex market. For complete detail benefits on Forex trading software ,visit http://www.sneakymoneysystem.com

Getting the Most Profit From FAP Turbo Evolution

By Brendan Wilson

The latest variant of the now famous FAP Turbo is the FAP Turbo Evolution. Unlike previous versions of the FAP Turbo, this one is not specifically designed for the Metatrader platform. In a big departure from all previous versions of FAP Turbo the Fap Turbo Evolution Edition was not specifically coded to function on the Metatrader 4 trading platform. It has been entirely rewritten and ported to suit a different platform. The new platform offers incredibly low spreads, thereby making it more profitable for the FAP Turbo evolution trader.

The FAP Turbo Evolution was design to trade with Dukascopy, as well know and well respected Forex Brokerage house based in Switzerland. Their spreads and trade execution is the stuff of legend, hence why this robot was ported to trade on their platform. This in turn makes the robot considerably more profitable and you benefit directly from the tight spreads and excellent trade execution enjoyed by Dukascopy clients.

The only down side is of course that you are limited to just the one broker, so the platform is less flexible from this point of view. Also another requirement specified by Dukascopy is that you need to have $10,000 to open an account. From experience we know that the advantages to their platform far and away offset any disadvantages. Once you have experienced the superior trade execution and simply the fact that they do not trade against you or use any of the myriad of tactics sometimes employed by retail forex brokers such as excessive slippage, stop hunting and slowing trade execution, you will never again trade with a retail broker. Dukascopy really is the choice brokerage house for professional forex traders it really is that simple.

Like the original FAP Turbo the Evolution uses a scalping style strategy, based on price action and other proprietary entry parameters. Basically it looks for frequent small, short term trading opportunities that invariably happen in the Asian trading session when market volatility is low and the risk and reward ratio is the most advantagious so as to minimize the risk of big market moves going against you and causing catastrophic losses. The FAP Turbo Evolution version trades 3 currency pairs: EUR/GBP, EUR/CHF and USD/CAD. These pairs have proven to be the best suited to trading in the Asian session and to offer the best returns from historical back testing as well as live trading.

The shift to the different platform may well deter some FAP Turbo users from upgrading and new users from taking up the offer, but the way I see it is that anyone serious about making money in forex will eventually end up venturing outside of the retail forex arena and join the ranks of the professional traders who simply won't compromise when it comes to selecting a broker.

Let's face it, successfully trading the forex market is a difficult enough task as it is without having your broker trading against you. Once you do find sufficient funds to open an account with Dukascopy, I have no doubt that you will get to reap the benefits. - 23208

About the Author:

Brendan Wilson is a forex trader and internet marketer with 12 years experience. Brendan is also associated with How Does FAP Turbo Work?