Forex Service by Euraplan New Forex

Service by Euraplan New Forex
New Euraplan foreign exchange service allows schemes to answer Myners’ call for greater transaction cost transparency

Paul Myners’ call for greater transparency on all transaction costs is addressed today by leading-edge pensions software vendor Euraplan’s, with the launch of a new foreign exchange (forex) transaction rate monitoring service.


The new service will enable pension schemes to make accurate assessments of the forex rates they are charged by their custodians or fund managers. This allows schemes to then decide whether or not they are receiving a good deal from these professional organisations.


Euraplan already supplies the pensions industry with software that enables pension schemes to monitor every aspect of their investments i.e. to ensure that all the income due to the fund has been received and that accounting has taken place accurately.

All pension schemes investing outside the UK are involved in forex transactions when they buy and sell foreign investments. This is an area, which is being ignored by many schemes, due to the volume of transactions placed and also a perception that this area is merely housekeeping to the third party. If we go back 10 years, this was the perception on the market concerning income monitoring. It is now broadly accepted that income needs to be monitored to ensure all income, which is due, is received.


Katherine Lynas, an associate director of Euraplan, comments:


Our new Forex Transaction Rate Monitoring Service is a natural addition to Euraplan’s Investment Monitoring Services. It harmonises with Euraplan’s entire professional contribution to the pensions industry as the provider of powerful and reliable tools that allow pension schemes to be their own watchdog of the financial integrity of how they are treated by their fund managers and custodians. This new service has been developed specifically in response to requests from our clients. The requests have stemmed from the increasing role global custodians are playing today in managing movement of pension schemes’ funds to and from foreign currencies.


Katherine Lynas adds that The Myners Report made a strident call for much greater transparency on transaction costs. His reasoning is that they need to be visible to pension schemes and that this visibility will facilitate their management. Unfortunately, for most pension schemes, forex transactions are totally opaque, despite being a major cost to them.


As with transactions costs incurred when buying and selling equities, it is obviously impossible for pension schemes to manage these costs if they don’t properly know about them. Our research suggests that may pension schemes are not even aware of the volume of foreign exchanges undertaken in a typical quarter on their behalf.


Euraplan’s research into this subject suggests that in current market conditions, where fund performances tend to be comparatively low, the ignorance among pension schemes over forex transaction costs is a serious threat to scheme performance. Katherine Lynas gives as an example of a pension scheme with £1.3 billion in assets under management and 30% invested overseas. She comments:


A scheme like this would be involved with approximately £400 million foreign exchanges every quarter. If the fund is being charged approximately one basis point on each of these transactions then it would be losing a total of £160,000 per annum. If you look at the example with the knowledge that the average commission charged on a UK security trade is 20 basis points, you can see that we are being conservative in our figures. Even so, this is a significant figure to be disregarding.


Euraplan’s launch of its powerful new investment monitoring software solution OpenAIR Investments in September 2001 has made the Forex Transaction Rate Monitoring Service possible because unlike its predecessor Shareholder, OpenAIR Investments is a multi-currency solution. The Forex Transaction Rate Monitoring Service can be supplied to existing OpenAIR clients as a component of OpenAIR Investments and also as a separate service. It is available to both new and existing Euraplan clients.


Paul Lalwan, Chairman of Euraplan, calls the new service ‘an important breakthrough into an area of monitoring which has for some time been crying out for a tool that facilitates maximum vigilance.’


Mr Lalwan adds:


‘With foreign investments on the rise as pension schemes seek better performance in overseas markets; they need state-of-the-art information about whether they are getting a good deal. This is exactly what this new service provides.’


For further details about Euraplan’s Forex Transaction Rate Monitoring Service, please contact Andrew Caird, sales manager, on 020 7233 1188 or a.caird@euraplan.co.uk


-ends-


Length of text: 697 words


For further press information please contact:
James Essinger
Da Vinci Public Relations
43 Nunnery Fields, Canterbury
Kent, CT1 3JT
T: 01227 472 874 or E: jamesessinger@davincipr.com
Publié par sell forex buy à l'adresse 06:27 1 commentaires 

Libellés : by leading-edge pensions software vendor Euraplan’s, New Forex, Service by Euraplan, with the launch of a new foreign exchange

lundi 2 novembre 2009
FOREX MANAGEMENT Forex reserves-gold
FOREX MANAGEMENT



ELEMENTS:
1. It is part of management science


-Organization and control of Forex
- Budgeting for Forex
- Utilization of Forex



2. It refers to generation of Forex


- From international trade transactions


3. It pertains to use of Forex


- Identification of suppliers of goods and services
- Negotiation of terms and conditions of the transaction


4. It covers storage of Forex


- Deposits in foreign currency bank accounts
- Forex reserves-gold, special drawing rights of IMF and foreign currencies.
- Foreign exchange reserves



FOREX MANAGER:


SKILLS:


1. Awareness of historical development of world trade
2. Ability to forecast future trends
3. Comparative analysis skills
4. In-depth knowledge of forex market
5. Knowledge of interest rates
6. Willingness to undertake risks
7. Hedging strategies






Foreign Exchange Market


- Is the market where the currency of one country is exchanged for the currency of another country


- The market is an over the counter market


- There is no single market place or an organized exchange (like a stock exchange) where traders meet and exchange currencies.


- The dealers sit in their dealing room of major commercial banks around the world and communicate with each other through telephones, computer terminals and swift mechanism.



Foreign Exchange Rates:


- Is the price of one country’s money in terms of other country’s money


- When Indian rupee depreciates against the US dollar, it indicates that demand for latter is more than it’s supply.



- When the supply of US dollar is more than it’s demand, it declaims in value against the Indian rupee.



Factors Affecting Foreign:


1. Fundamental factors:


- All such events that affect the basic economic and fiscal policies of the concerned government.


- These are basic economic policies followed by the government in relation to inflation, balance of payment position, unemployment, capacity utilization, trends in import and export, etc.


2. Political and psychological factors
3. Technical factors
- Capital movement
- Relative inflation rates
- Exchange rate policy and intervention
- Interest rates


5. Speculation:


- The anticipation of the market participants many times is the prime reason for exchange rate movements.


- Those speculators anticipate the events even before the actual data is out and position themselves accordingly to take advantage when the actual data confirms the anticipations.


Determination of Foreign Exchange Rates:


1. Balance of Payments


a. If payments by a country for its imports of goods and services, two possibilities arises


b. Foreign currency payments exceed receipts and there is a deficit. This puts the home currency of the country under downward pressure against foreign currencies.


2. Demand and Supply


3. Purchasing power parity


4. Interest rate-again relating to foreign trade


5. Relative income levels


6. Market expectations – developments regarding political and economic matters. Of a count



INTER-RELATIONSHIP OF VARIABLES AFFECTING EXCHANGE RATES:
- Interest rates, inflation rates, forward margins, exchange rates and expectations across nations are inter- related.












Exchange rates quotes:


There are two major ways of offering exchange rate quotes.


1. Direct quote
2. Indirect quote


Spot Exchange Rates:


- Is a rate at which currencies are being traded for delivery on the same day.


- Is for a currency is the current rate at which one currency can be immediately converted into another currency.


- These rates are set by the demand and supply forces in the foreign exchange market.


- The direct quote indicates the number of units of the domestic currency required to buy one unit of foreign currency.


- An indirect quote indicates the number of units of foreign currency that can be exchange for one unit of the domestic currency.


- An indirect quote is the inverse of a direct quote.


-


- Indirect quote = 1
………………
Direct quote


Types of Spot Rates:


1. Ask price:
- Is the rate at which the foreign exchange dealer asks it’s customer to pay in local currency exchange of the foreign currency.


- Is the rate at which the foreign currency can be purchased from the dealer.


2. Bid rate:
- Is the rate at which the dealer is ready to buy the foreign currency in exchange for the domestic currency.


- Is the rate at which the dealer is ready to pay in domestic currency in exchange for the foreign currency and they are ready to pay for buying it.


- Normally, the direct ask price is greater than the direct bid price and the difference between the two is known as the ask-bid spread.


- The bid spread is usually stated as a percentage cost of transacting in the foreign exchange market and may be computed as follows:


- % Spread = Ask price-Bid price


Ask price


Cross rates:


-The exchange rate between two currencies calculated on the basis of the rate of these two currencies in terms of a third currency.


















-Forward rate is a price quotation to deliver the currency in future.


- The exchange rate is determined at the time of concluding the contract, but payment and delivery are not required till maturity.


- Forward rate may be higher than the spot rate if the market participants expect the currency to appreciate v-s-v the other currency, say US dollar. The currency, in such case is called trading at a forward premium.


- If the forward rate is lower than the spot rate, the participants expect the currency to depreciate v-s-v the US dollar. The currency in such case is said to be ‘trading at forward discount’.


- Forward premium/discount is generally calculated as percentage per annum.


- = (Forward rate-Spot rate) 12/n. *100
Spot rate
Where ‘n’ indicates the number of months till maturity of the forward contract





Risks in Foreign Exchange Market:


1.Objective:


- Control of foreign exchange risk can be effective if a firm is able to manage the fundamental relationship among inflation, foreign exchange rates and interest rate.


- The objective in exposure management is two fold the minimization of exchange losses as a result of currency movements and the minimization of protection costs.


2. General Protection Measures:


a) Invoicing policies:


- Invoices to third parties abroad should be denominated in the relatively stronger currency. On the other hand, while importing goods. Etc. from third parties a firm should try to negotiate payments in the weaker currency.


- Respective bargaining strengths and the need for good customer relations have a bearing on the invoicing decision.


b) Transfer pricing:
- It is a mechanism by which profits are transferred through an adjustment of prices on intra-firm transactions


- It can be applied to transactions between the parent firm and its subsidiaries or between strong currency and weak currency subsidiaries.








c) Leading and lagging and extension of trade credit:



Leading: it implies speeding up collections on receivables if the foreign currency in which they are invoiced is expected to appreciate.


Lagging: it implies delaying payments of payables invoiced in a foreign currency that is expected to depreciate.



There are three elements in this calculation:


- Cash cost/benefits represented by the interest rate differential between the lead and log countries


- An expected cash gain/loss to be realized on the altered transactional exposure in the said countries, and


- An expected translation gain/loss on the altered translation exposure.


d) Netting:
- All transactions-gross receipts and payments among the parent firm and subsidiaries should be adjusted and only net amounts should be transferred.


- This reduces costs of remittance of funds, and increases control of intra-firm settlement.


- It also produces savings in the form of lower float and lower exchange costs.


e) Matching:
- It is a process whereby cash inflows in a foreign currency are matched with cash outflows in the same currency with regard, to as far as possible, amount and maturation.


- When there are cash inflows in one foreign currency and cash outflows in another foreign currency, the two could still be matched, provided they are positively correlated.









3.SPECIFIC PROTECTION MEASURES:


1. Transaction Exposure (TE):


- It occurs when a value of a future transaction, through known with certainty, is denominated in some currency other than the domestic currency.


- In such cases, the monetary value is fixed in terms of foreign currency at the time of agreement, which is complete at a later date.


- EX: an Indian exporter is to receive payment in euros in 90 days time for an export made today. His receipt in euros is fixed and certain but as far as the re. Value is concerned; it is uncertain and will depend upon the exchange rate prevailing at the time of receipt.


- All fixed money value transactions such as receivables; payables, fixed price sale and purchase contracts etc. are subject to transaction exposure.


- TE refers to the potential change in the value of a foreign currency denominated transaction due to changes in the exchange rate.


- It covers rate risk, credit risk and liquidity risk.


2.Translation Exposure:


- This is also called the accounting exposure


- It refers to and deals with the probability that the firm may suffer a decrease in assets value due to devaluation of a foreign currency even if no foreign exchange transaction has occurred during the year.


- This exposure needs to be measured so that the financial statement i.e. the balance sheet and the income statement reflect the change in value of assets and liabilities.


- This occurs when the firm’s foreign balances are expressed in terms of the domestic currency.


- Two related decisions involved in translation exposure management:


(a) Managing balance sheet items to minimize the net exposure


(b) Deciding how to hedge against this exposure


- It results in exchange rate losses and gains that are reflected in the firm’s accounting record and are not realized and hence have no impact on the taxable income.



3. Economic Exposure:


- It refers to the probability that the change in foreign exchange rate will affect the value of the firm.


- The risk contained in economic exposure requires a determination of the effect of changes in exchange rates on each of the expected future cash flows.


- The translation and the transaction losses are one-time events, whereas the economic loss is a continuous one.



Managing Foreign Exchange Rate Risk:


- Firms that import and export often need to make commitments to buy or sell the goods for delivery at the time, with the payment to be made in foreign currency.


- As soon as, a firm enters into a transaction that exposes it to the cash flows in a foreign currency, it is exposed to exchange rate risk.


- The options available to a firm for hedging against exchange risk are subject to the following:


(a) Shareholders composition


(b) Diversification across countries-different business in different countries


(c) Cost of hedging risk



Exchange Rat Forecasting:


- The exchange rates among countries are affected by a large number of factors like rate of inflation, growth prospectus, political stability and economic policies.


- The % change between the current and the forecasted exchange rates may be calculated to find out appreciation or depreciation in the currency.


- A positive % change represents currency appreciation whereas a negative % change shows depreciation.


- The exchange rate may be fixed or floating.
- The market forces of demand and supply determine the floating exchange rates. These are not influenced by the government intervention.


- Fixed exchange rates, on the other hand, are decided by the regulating agencies.



The Floating Exchange Rates may be forecast with the help of various methods.


- Fundamental Analysis: this studies the relationship between macro economic variables (such as inflation rates, national income growth and changes in money supply)


- Technical Analysis: this uses past prices and volume movements to project future currency exchange rates.


- The reliability of the forecasts may be found out on the basis of forecasting error, which is calculated by root square error.


- The root square error is computed with the help of the following formula:



2
= (FV-RV)
RV


Where ‘FV’ is the forecasted value and ‘RV’ is the realized value.








Mechanics of Forex Trading:


- It is basically concerned with various forex operations including purchase and sale of currencies of different countries in order to meet payments and receipts requirements as a result of foreign trade.


- Forex trading is done either in


Retail market – the traveler and tourists exchange one currency for another in the form of currency notes or traveler Cheques. Here the total turnover and average transaction size are very small.



Wholesale Market or Inter Bank Market- is a market with huge turnover. The major participants of this market include commercial banks, corporation and central banks.





CAPITAL ACCOUNT CONVERTIBILITY:


- IT REFERS TO AN ECONOMIC TOOL EXPECTED TO ENGENDER MORE EFFICIENT CAPITAL FLOWS AND CATALYSE GROWTH IMPULSES AND ENABLE THE SOCIETY TO ACHIEVE A STABLE BALANCE BETWEEN Its INTERNAL AND EXTERNAL PRICES.


- The basic objective of capital account convertibility is to:


- Deepen and integrate financial markets


- Raise the access to global savings


- Discipline domestic policy markers and


- Allow greater freedom to individual decision-making


- A more open capital account will facilitate higher availability of larger capital stock, supplemental domestic resources thereby leading to higher growth and reducing the cost of capital and also facilitating access to the international financial market.








FOREIGN EXCHANGE MARKETS IN INDIA:


- The forex market in India is regulated by reserve bank of India.
- Participants in this market are the authorised moneychangers and authorised dealers.


Authorised Moneychangers:


- In order to provide facilities for encashment of foreign currency to visitors from abroad, especially foreign tourists, reserve bank has granted licenses to certain established firms, hotels and other organisations permitting them to deal in foreign currency notes, coins and travelers Cheques subject to directions issued to them from time to time.



- These firms and organisations are fall into two categories:


i. Full-fledged money changers- who are authorised to undertake both purchase and sale transactions with the public and


ii. Restricted money changers- who are authorised only to purchase foreign currency notes, coins and travelers Cheques, subject to the condition that all such collections are surrendered by them in turn to an authorised dealer in foreign exchange/full fledged money changer.


Authorised Dealers:


- Authorizations in the form of licenses to deal in foreign exchange are granted to banks, which are well equipped to undertake foreign exchange transactions in India.


- Authorizations have also been granted to certain financial institutions to undertake specific types of foreign exchange transactions incidental to their main business.
Publié par sell forex buy à l'adresse 06:07 0 commentaires 

Libellés : FOREX MANAGEMENT, Forex reserves-gold


("Forex")
LETTER OF DIRECTION / LIMITED P AUTOMATIC TRADING SYSTEM
LETTER OF DIRECTION/LIMITED POWER OF ATTORNEY /SERVICE FEE AUTHORIZATION


ORIZATION



Account Holder's Name: __________________
Customer Account # (if available): ________________


The undersigned has applied for a foreign exchange ("Forex") trading account with AVA Financial Ltd., organized under the laws of the British Virgin Islands ("AVA"). I have subscribed to and/or authorized AVA to follow a trade recommendation service or hotline of my own selection (the "ATS Program") which I may revise from time to time. I acknowledge that I have been apprised of the volume of trading and resulting commissions to be generated by the ATS Program and the impact this may have on its performance. I fully understand the limitations of hypothetical back-testing and real-time track records in predicting future performance. I hereby authorize and direct AVA to enter trades for my account in accordance with trading signals generated by the ATS Program. In consideration of opening my account, I acknowledge and agree to the terms and conditions, as follows:


1. I fully understand that the trading signals and recommendations are produced by the ATS Program and not by AVA and that AVA's responsibility is to use commercially reasonable efforts to enter orders pursuant to the signals and recommendations generated by the ATS Program and as received by AVA. AVA does note endorse the ATS Program. I confirm that AVA has not solicited, or in any other way recommended, my participation in trading the ATS Program with AVA. I have made inquires and conducted research into the ATS Program sufficient to make an informed investment decision. AVA cannot imply or guarantee that I will make a profit from the ATS Program and I agree that AVA will not be held responsible for the ATS Program's performance or trading losses incurred in my account as a result of my trading pursuant to the ATS Program.


2. AVA will accept this form as Limited Power of Attorney for my account and will enter orders for my account in accordance with the trading signals generated by the ATS Program. Iunderstand that spot Forex transactions in the Forex market as designated by the ATS Program may be traded in my account in accordance with my grant of Limited Power of Attorney.


3. By signing below, I grant Limited Power of Attorney in favor of AVA solely for the purpose of entering orders in accordance with the signals generated by the ATS Program. If more than one AVA client is using the same system or service as the ATS Program, I acknowledge AVA may enter block orders to enhance order execution, in which case a fair and systematic
fill allocation method will be employed. I understand and acknowledge that AVA will only be responsible for using its commercially reasonable efforts to execute, in a timely fashion, the signals generated by the ATS Program. AVA shall not be responsible for mechanical or communication line failure, system errors, data failure or any other causes beyond its control. I acknowledge that AVA can accept and execute orders only if actually received or generated and then on a "not held" basis (i.e. AVA shall not be held responsible for the execution of the order at the price indicated or otherwise).


4. In consideration for my use of the ATS Program, I hereby authorize my account to be debited in the following amounts:



Systems Trading Commission 1 pip per 10,000 base currency traded.






5. I am aware of the speculative nature and high risks associated with Forex trading. , I understand its trading parameters. I have had the opportunity to ask questions on how my account will be handled. I acknowledge that I have not purchased the ATS Program from AVA although it may have acted as my agent in the purchase or lease of the ATS Program. I understand that there is no trading system or recommendation service that is free from the risk of loss. AVA does not imply or guarantee that I will make a profit and I agree that neither AVA nor any of its officers, directors, employees, consultants, agents or affiliates will be held responsible for the performance of the ATS Program or trading losses in my account.


6. I understand that using the ATS Program to generate trading signals exposes me to risks associated with the use of computers and data feed systems relied on by AVA. I agree to accept such risks, which may include, but are not limited to, failure of hardware, software or communication lines or systems and/or inaccurate external data feeds provided by third- party vendors and further agree to hold AVA harmless from any losses in my account associated with these risks. Neither AVA nor any of its officers, directors, vendors, employees, agents, associated persons or AVA personnel will be liable for any such breakdown or failure.


7. AVA may act upon the authority given by this letter of direction until I revoke the authority by written notice addressed and actually delivered to AVA. AVA may also terminate the authorization over the account at any time for any reason in its sole discretion. In the event that AVA terminates the trading authorization over my account, AVA will provide me with notice. I shall be responsible for any open lots in my account at the time that I revoke the authority or such authority is terminated by AVA. I shall permit AVA to execute offsetting orders for any open lots in my account at the time that the authority is terminated.


8. In lieu of sending trade confirmation via postal mail, AVA will provide me with access to view my account at any time using the Internet with an online login. AVA shall make statements available to me showing the ledger balance, the exact positions in the account, the net profit or loss in all contracts closed since the date of the last statement, and the net unrealized profit and loss in all open contracts figured to the market. I will carefully review these statements. If I have any questions, I will contact AVA immediately.


9. I agree that, in the absence of willful or wanton misconduct, neither AVA nor any of its officers, directors, employees, consultants, agents or affiliates will be held liable for any act or omission in the course of or in connection with my participation in the ATS Program. I shall indemnify AVA, its principals, officers, directors, employees, agents, successor and/or assigns from all losses and/or liability (including reasonable attorney's and/or accountant's fees) incurred or resulting from this Letter of Direction and Limited Power of Attorney to execute the ATS Program, provided that there has been no judicial determination that such liability was the result of gross negligence or recklessness or intentional misconduct by AVA.



10.. I am also aware that because the risk factor is high in Forex market trading, only genuine "risk" funds should be used in such trading. Account holders that do not have the extra capital that may be subject to a total loss, should not trade in the Forex market. No "safe" trading system has ever been devised, and no one can guarantee profits or freedom from loss. In fact
no one can even guarantee to limit the extent of losses.












11. In connection with my trading account , the undersigned Account Holder hereby ratifies and confirms that he/she has agreed to be charged and to compensate the person or entity named below for services rendered in accordance with the following terms.


AVA is hereby authorized to deduct from Account Holder's account and pay to the Service Provider
("Provider") named below, fees pertaining, but not limited to commission, referral, research,
recommendation, strategies and/or charts.



Systems Trading Commission to Tradency Inc. (Provider):


1 pip per 10,000 base currency traded



Note: Monthly or Quarterly fees are collected up to and including the last day of the calendar month or calendar quarter, respectively.





AVA will hereby facilitate the above instructions without further direction or confirmation from the
Provider or client, unless otherwise notified in writing. AVA will make reasonable efforts to credit theProvider for the payments due for each monthly and/or quarterly trading period. Notwithstanding the foregoing, if I request a withdrawal and/or transfer from my account, and there are insufficient funds available to pay the Provider as a result of such request or other action taken by me, I understand that such request may not be processed for the full amount requested and agree that I shall remain obligated to make payment to the Provider for any payments due pursuant to the agreement between me and the Provider.



The "Management and Performance Fees" are calculated based upon the ending account equity (which includes floating profit/loss), for the given period without regard to the ending account equity for any other time period.


AVA shall not be held responsible or liable for any miscalculation or non-payment of said Fees for any reason whatsoever. This service authorization shall remain in effect until terminated in writing by the undersigned.






12. This Agreement, the rights and obligations of the parties hereto, and any judicial or administrative action or proceeding arising directly or indirectly hereunder or in connection with the transactions contemplated hereby shall be governed by, construed and enforced in all respects by the laws of England and shall be held within the venue determined by AVA, at its sole discretion. I consent and submit to, and waive any objection that I may have to such venue, and further agree to waive any right that I may have to transfer or change the venue or any such action or proceeding. I consent and submit to the jurisdiction of any appropriate court in any action or proceeding arising directly or indirectly hereunder, whether brought by myself or AVA. I further consent that any claim arising directly or indirectly hereunder or in connection with the transactions contemplated hereby if initiated by myself will be brought by it and resolved exclusively in the competent courts located within UK.





ACKNOWLEDGEMENT


The undersigned agrees that he/she/they understands and certifies that they have the financial resources to enter into this Agreement and that all trading objectives have been explained. The undersigned acknowledges having received, read and understood the foregoing Letter of Direction, Limited Power-of-Attorney, Service fee Authorization, and incorporated risk disclosures.


__________________________________________________________________


Print Name of Account Holder


__________________________________________________________________


Authorized Signatory



__________________________________________________________________


Print Name of Authorized Signatory


__________________________________________________________________


Date



If Joint Account:


__________________________________________________________________


Print Name of Joint Account Holder


__________________________________________________________________


Authorized Signatory


__________________________________________________________________


Print Name of Authorized Signatory


__________________________________________________________________


Date
Publié par sell forex buy à l'adresse 06:06 0 commentaires 



ProSuite 2000i, Adapta 2000i the portfolio
This document pre-supposes that you have successfully installed TradeStation 2000i or ProSuite 2000i, Adapta 2000i, and the TradersWorld custom Bloomberg ticker universe onto your Bloomberg PC. If you have not, please consult the support documents entitled Pre-Installation, and Install TradeStation 2000i for Bloomberg.


This document is divided into 3 parts:


1. Adding securities to the GlobalServer portfolio (Automatic & Manual).
2. Downloading Price History with Adapta 2000i.
3. Plotting you first chart with TradeStation 2000i.


1. Adding Securities to the GlobalServer Portfolio


There are two ways to add securities to the GlobalServer portfolio; automatically (from the TradersWorld custom ticker universe), or manually (should some tickers not be available). The TradersWorld ticker universe holds approximately 10,000 securities from US, European, and Asian exchanges, including index members, commodity, index, and currency futures, market sector and other indices, as well as spot foreign exchange.


Before you begin adding securities, it is a good idea to decide how much price history you want to store on your hard drive. For example, if you have little interest in back-testing trading strategies, and only expect to use the advanced charting and technical analysis features of TradeStation, it makes little sense to store 100 days of tick price history, or 20,000 days of 1-minute price history. However, if you want to take advantage of the comprehensive strategy back-testing features of TradeStation, you will most probably want to store as much 1-minute history as possible.


Each time you add a new security to the GlobalServer, a template is used to determine the amount of price history to store for each ticker. You can set-up the History to Save template to meet your requirements, as follows:


1.1 Launch GlobalServer and select Start Online. GlobalServer will initialize and after a few seconds the Portfolio window will appear. If this is the first time you have run the GlobalServer, the portfolio will be empty.
From the GlobalServer menu, select Insert/Symbol… the Insert Symbols into Portfolio window will open. In the lower half of the window you will see the History to save dialog. Click on the Edit Templates… button.








1.2 In the Edit History Settings Templates widow you will see a list of templates on the left side of the window, and history to save settings on the right.


NOTE: GlobalServer for Bloomberg only stores prices for Stocks, Indices, Futures, and Forex. You can remove the other templates, if you wish.
IMPORTANT: All Futures history is stored using the Index history template (this includes the following Bloomberg Futures mnemonics: COMDTY, INDEX, and CURNCY - CURNCY futures, not to be confused with the Forex mnemonic).


1.3 From the list of templates, select Stock History Template. The History to Save list will appear as shown above. Adjust the number of days of Trade Record price history to save, as per your requirements (the maximum value is 50,000 days). For the moment, ignore Implied Volatility and Split.


1.4 When you have completed any changes to the Stock History Template, click on Index History Template to make similar adjustments.


1.5. When you have completed any changes to the Index History Template, click on Forex History Template to make adjustments. In the History to Save list you must add the following fields:
Trade Record 1-tick
Trade Record 1-Minute
Trade Record 1-Day
To do this, click 3 times on Add. Blank cells will be inserted into the list. Click on a blank cell and select the Trade Record field from the drop-down menu. Choose a resolution and number of days, for each record, as per your requirements. Trade Record history to save is required in order to download history from the Bloomberg servers.


1.6 Having made any adjustments, you can set the default template to use, by clicking on the appropriate template from the templates list, and checking Set as Default. Click OK to save your changes and return to the Insert Symbols into Portfolio window.


Adding securities AUTOMATICALLY into the GlobalServer Portfolio





1.7 To begin adding securities automatically, click on Add from Dictionary to open the Add Symbols from Dictionary dialog.





Our example will show how to add category Stock tickers. Use the same method for adding Index (includes Futures) or Forex tickers.


1.8 There are several ways to search for a security in the Dictionary. We leave you
to decide which is the most convenient, however, for the purposes of this example, select the Category Stock, set the exchange to All Exchanges, and type the first letter of the ticker in the Search For box, then click Find. The search will return all securities that start with the letter A, from every exchange .
NOTE: For convenience, you can sort the results by Description or Symbol.



Sort List by Symbol (ticker).



Sort List by Description.


1.9 Select a security by clicking on it (multiple select by Ctrl+Click or Shift+Click). Click on Add-> to add the ticker(s) to the Symbols to add list.











1.10 You can continue to search for securities from A-Z by repeating the above procedure, and add the tickers to the Symbols to add list until completed. To remove unwanted tickers, click on <-Remove (or -
1.11 You can also search for securities by exchange. For example, to select all the stocks in the dictionary traded on the London Stock Exchange, select the Category Stock, set the exchange to LSE (London Stock Exchange), and type a star * in the Search For box, then click Find.





1.12 Click on Add All-> to add all the securities to the Symbols to add list.





A total of 694 tickers are added to the symbols to add list.


IMPORTANT: The number of securities you can add to the GlobalServer portfolio is unlimited. However, subject to the hardware configuration of your PC, available memory, Network bandwidth, resource requirements of other 3rd party applications running on the PC, and the volume activity of the selected securities, the usual upper-limit is approximately 600. To add significantly more securities, contact TradersWorld for advice.


1.13 To remove unwanted tickers, click on <-Remove (or <-Remove All). When you are ready to add the selected securities to the GlobalServer portfolio, Click on Add… at the top of the window. You are returned to the Insert Symbols into Portfolio window.





1.14. Check that your History to save Template to use is appropriate for the securities in the list. Click OK. You are returned to the GlobalServer. Your newly loaded securities are listed in the portfolio.


If the security you require is not listed in the dictionary, read the section below entitled Adding securities MANUALLY into the GlobalServer Portfolio.
Adding securities MANUALLY into the GlobalServer Portfolio


1.15 To begin adding securities manually, from the GlobalServer menu, select Insert/Symbol… the Insert Symbols into Portfolio window will open. Click on Add New.





1.16 The Add Symbol dialog appears. For this example we will create an Equity for the London Stock Exchange. Select category Stock. Type the complete Bloomberg ticker as shown below (always type in CAPITALS, leave spaces where appropriate, and ALWAYS add the suffix EQUITY (or INDEX, COMDTY, CURNCY etc.). Select LSE as the Exchange. Click OK to continue…





The following alert appears.



Click OK to add the required information…



1.17 Type the Description, as requested. Click on Settings to continue…





1.18 Although you previously selected LSE – London Stock Exchange when creating the ticker and it appears as the listed exchange, the default settings have not been recorded. You must click again on the list of exchanges and re-select
LSE - London Stock Exchange from the drop-down list, as shown below.









1.19 When you see this alert, click Yes to accept the default settings for LSE – London Stock Exchange. Click OK to exit the Add Stock window and return to the Insert Symbols into Portfolio dialog.





1.20 Continue to add securities by repeating the process as above. When you have finished adding tickers, check that your History to save Template to use is appropriate for the security(ies) in the list. Click OK. You are returned to the GlobalServer. Your newly loaded tickers are listed in the portfolio.


Use the same procedure to add Indices, Commodity, Index, or Currency Futures (as category Index), and Forex. You can also enter Bloomberg CIX (custom index expression) tickers in the same way, remembering to start with the point “.” and end with the suffix INDEX, as the example shown here (.SPXFED INDEX). For information about how to create Bloomberg CIX tickers, contact Bloomberg .


IMPORTANT: When manually adding a security, it is possible the exchange template default session times do not correspond to the official traded session. To corroborate the session times with Bloomberg, in GlobalServer select the newly created ticker and go to the menu Edit/Edit Symbol. Click on Sessions. From the lower half of the window select Display Session Times in Local Time. Compare the session times with those shown on your Bloomberg terminal. If necessary, adjust the session Open – Time and Close – Time to correspond to the sessions in Bloomberg. Click OK to save any changes.


Downloading Price History with Adapta 2000i


Section 2.0 Price History for Newly Added Securities
Section 2.1 Price History to Fill Gaps - Stock Splits - Continuous Futures


With GlobalServer “connected” and securities listed in the portfolio, Adapta 2000i feeds real-time ticks directly to TradeStation charts and to the GlobalServer which, in turn stores tick, 1-minute, and Daily bar price history (subject to History to Save).
However, when you first create or add new tickers to the portfolio, price history can be downloaded using the Adapta 2000i interface.
TIP: This is best performed when the markets are closed or when there is minimal activity, to avoid potentially overloading the GlobalServer datafeed queue with real-time and historical prices.


Adapta 2000i (version 1.3) allows you to download Daily OHLC, 1-minute OHLC, and tick history prices. Download times vary depending upon the compression and length of history. Typically, download 5 years of Daily history for 5 securities in approximately 2.5 minutes, or 100 securities in approximately 50 minutes.


2.0 Downloading price history for newly added securities


2.0.1 To download price history go to the GlobalServer menu and select View/Datafeed Settings/Bloomberg to open the Adapta 2000i interface. Click on History Download.



2.0.2 Select tickers from the Symbols list by clicking (or Ctrl+Click, Shift+Click), or Select All. Select Daily Bars as the Download Type. Set the Start Date and leave the End Date on today’s date. Click Start Download.
TIP: If downloading many years of price history with more than 50 securities in the GlobalServer portfolio, select a maximum of 50 tickers at a time. After you start a download it cannot be aborted.





That’s it! The selected tickers will be listed in the download window, as shown above. Adapta 2000i will download 5 tickers concurrently, moving on to the next ticker as soon as a stream becomes available. When the download is complete you can begin to plot charts in TradeStation.


2.0.3 Downloading 1-minute and tick history is just as easy. Select tickers from the Symbols list by clicking (or Ctrl+Click, Shift+Click), or Select All. Select 1-minute Bars or Intraday ticks as the Download Type. Set the Start Date and leave the End Date on today’s date. Set the Start Time and End Time. Click Start Download.


WARNING: The Adapta 1-min and intraday Tick history download function is actually designed to allow users to resolve short-term data “gaps” in the event GlobalServer is compromised for a brief period. It is not advisable to use this feature to download the entire 1-min or Tick data history from Bloomberg. Attempting to do so could result in GlobalServer instability.





2.0.4 As yet, there is no price history to duplicate. Click Yes to continue…
NOTE: Normally, duplicated data will not affect your TradeStation charts because the data source remains the same (Bloomberg). However, excessive duplication will eventually reduce the capacity of your hard drive. If you experience problems due to duplicated date, please contact TradersWorld.





That’s it! The selected tickers will be listed in the download window, as shown above. Adapta 2000i will download 5 tickers concurrently, moving on to the next ticker as soon as a stream becomes available. When the download is complete you can begin to plot intraday charts in TradeStation.


2.1 Downloading price history to fill gaps


As you know, GlobalServer must be “connected” in order to store real-time prices. If GlobalServer is disconnected while the markets you are following are open; intraday and possibly daily charts in TradeStation will show “gaps”. With Adapta 2000i you can precisely “fill” the gaps.


How to fill Daily bar gaps
2.1.1 From your TradeStation chart, determine the date of the last bar on the chart before the gap occurred, and the date of the first bar on the chart where the gap was closed. Enter these Start/End dates into the Adapta 2000i interface, select the appropriate number of securities from the Symbols list, and click Start Download, as per the instructions in 2.2 above.


How to fill 1-minute or Intraday tick gaps
2.1.2 From your TradeStation chart, determine the date and time of the next-to-last bar on the chart before the gap occurred (for 1-minute or intraday tick downloads we advise changing the chart compression to 1-minute), and the date and time of the first bar on the chart where the gap was closed. Enter the Start/End Date(s), and the Start/End Times into the Adapta 2000i interface, select the appropriate number of securities from the Symbols list, and click Start Download, as per the instructions in 2.3 above. TIP: Examine charts of the most actively traded securities to best determine the start and end time of a gap.


Stock Splits and Continuous Futures contracts
2.1.3 When a stock splits you must erase its stored daily history in GlobalServer and download all the newly adjusted history using Adapta 2000i.
2.1.4 PDF defaults in Bloomberg define the contract expiration and roll characteristics of continuous futures contracts. Any permanent changes to PDF defaults will require that you delete stored history in GlobalServer and download again using Adapta 2000i. TIP: Charts must be “refreshed” to observe the changes (easiest way: close and re-open relevant TradeStation workspace(s)).
3. Plotting your First Chart with TradeStation 2000i


It is not our intention to re-write the Omega Research online Help, however, this document will help you to quickly create a first workspace and plot a simple Daily chart. You can access a wealth of information about Using TradeStation 2000i from the Contents section of Help in TradeStation or GlobalServer. Bloomberg specific information can be found in TradersWorld’s How To… support documents.


If you want to plot charts from a CSV or Ascii database file, read the support document entitled Charting a CSV or Ascii database file in TradeStation 2000i.


Ensure that GlobalServer is running (started Online) and ready to receive live prices before your markets have opened. NOTE: Unless GlobalServer is connected to the Bloomberg datafeed you cannot plot real-time price charts, or download price history with Adapta 2000i, although you can plot historical charts. If you follow 24 hour markets it is advisable to leave the GlobalServer running at all times.


To check that GlobalServer is connected, click on the Performance tab.





Make sure the Connect status is Connected. If not connected, go to the File menu
and uncheck Work Offline.





TIP: Should you fail to start GlobalServer in time, you can always download and “fill” price history “gaps” using the Adapta 2000i interface (see support document How to Download Price History with Adapta 2000i).






Create a Workspace


3.1 With GlobalServer running Online, go to the menu Go/TradeStation to launch TradeStation.





3.2 Choose Create a new workspace.


3.3 TradeStation will create an “untitled” workspace. To give it a name go to File/Save Workspace. Workspaces are saved to the default folder My Work.


Plotting a Chart


3.4 To plot your first chart. Go to File/New…





3.5 Select TradeStation Chart. Click OK to open the Create Chart Window
where you will see the list of securities from your GlobalServer portfolio. If not,
see that Show GlobalServer is selected.



3.6 For this example select INDU INDEX (Dow Jones Industrial Average) by clicking on it in the list. The ticker will appear in the Symbol entry cell. You can also search for securities by typing in the partial ticker into the Symbol entry cell. Click Plot to continue…



3.7 The Format Symbol window default settings will show 500 Days back, today’s date as the Last Date, and time Compression as Daily. You can change these values now, or from within the TradeStation workspace. Click OK to plot the chart.





That’s it! You have successfully plotted your first TradeStation chart. To add more charts to the workspace repeat 3.4 to 3.7 above.
NOTE: The next time you open the Create Chart Window dialog to plot a new chart, the last ticker you added will be highlighted in the Symbol entry cell, and the portfolio will not be visible. To reinstate the portfolio list, click on Backspace to clear the Symbol entry cell and the list will reappear. Continue to plot securities as before.


For comprehensive information about Using TradeStation 2000i look at the Contents section of online Help in TradeStation or GlobalServer. Bloomberg specific information can be found in TradersWorld’s How To… support documents.
Publié par sell forex buy à l'adresse 06:03 0 commentaires 



Forex Modern Forex Club International
1. GENERAL PROVISIONS


1.1 The provisions set forth herein (hereinafter referred to as the “Provisions”) are the terms and conditions pursuant to which Forex Club International Limited (hereinafter referred to as the “Company”) agrees to provide over the counter on line foreign exchange trading services to its clients.
1.2 The Provisions shall be deemed to include all other terms and conditions set forth on the Company’s various websites, including without limitation, the “Foreign Exchange Service Agreement”.
1.3 All persons utilizing the Company’s websites and engaging in on line foreign exchange trading agree to be bound in al respects by the Provisions set forth herein and by all of the other terms and conditions set forth on the Company’s websites.


2. TERMS AND DEFINITIONS


1.4 Over the Counter Forex Trading- Trades initiated by the Client on the Company’s Internet Trading System.
1.5 Trading Account- A Client’s personal account with the Company in which it’s trading activity and related financial matters are maintained and conducted.
1.6 Trade- The sum of a minimum of two conversion transactions in which the total volume of the base currency purchased is equal to the total volume of the counter currency.
1.7 Long Position- An open position in which the trader anticipates that the base currency will increase in value against the counter currency.
1.8 Short Position- An open position in which the trader anticipates that the base currency will decrease in value against the counter currency.
1.9 Stop Loss Order- The Client’s order to close a position when a loss on the open position has reached a specified level.
1.10 Take Profit Order- The Client’s order to close a position when a gain on the open position has reached a specified level.
1.11 Transaction Day - time period from 21:00:01 to 21:00:00 Greenwich Meridian Time (GMT) the following calendar day except weekends and official holidays. The information about official holidays is published at the Company’s official website.
1.12 Working Day- Every day from 13:00 to 22:00 (GMT), except weekends and holidays. Information regarding holidays is set forth on the Company’s websites.
1.13 Internet Trading System- Specialized software system through which the Client can execute and maintain his Forex trading activities with the Company. This system allows communication between the Client and the Company which facilities and memorializes the transactions for the Client’s account. Software available includes analytical trading programs, IDSystem, Rumus 2, Rumus Mobile and other software recommended by the Company.
1.14 Internet Payment System- Specialized software system through which the Client can effectuate financial transactions regarding its Trading Account with the Company. Such transactions include, among other things, money transfers, withdrawal requests, etc.
1.15 Company’s Websites- http://www.forexclub.biz/ and such other websites as may be added by the Company in the future.





3. INFORMATION EXCHANGE; CONFIDENTIALITY


3.1 The Client agrees that any and all information it receives from the Company relating in any manner to the opening or closing of its account or the execution of trades therein shall remain confidential and shall no be disclosed to any third party except as specifically approved in writing by the company or required by applicable law.
3.2 The Company agrees that any and all information it receives from the Client relating in any manner to the opening or closing of the Client’s account or the execution of trades therein shall remain confidential and shall not be disclosed to any third party except as specifically approved by the Client or required by applicable law.
3.3 All interaction and transfer of information between the Client and the Company, including without limitation, all inquiries, confirmations, reports, statements, forms, suggestions and questions, shall be handled on line through the procedures set forth on the Company’s websites, including its “Internet Trading System” and its “Internet Payment System”.
3.4 The Company will rely on all information provided to it by the Client. The Client represents that all information provided to the Company will be complete and accurate in all respects. The Client shall be fully responsible to the Company for any loss or damage suffered by the Company as a result of inaccurate, incorrect or incomplete information provided by the Client.
3.5 In order to receive login and password access to the Company’s “Internet Trading System”, the Client must complete all applicable on line registrations and fund its accounts as required by the Company’s on line procedures in its “Internet Payment System’.
3.6 The Client agrees to provide such proof of identification (for example, license or passport) as may be required by the Company.
3.7 All messages sent by the Company to the Client’s login and password shall be deemed sent and received at the time forwarded by the Company.
3.8 No oversight by the Company of any of the Provisions herein shall have the effect of negating any trade made by a Client. The Client understands and agrees that it shall bear full responsibility for every trade that it executes regardless of any action on the Company.
3.9 Notwithstanding anything herein, the Company shall have the rights, in its sole discretion, (i) not to open an account for a Client, and (ii) to close Client account any time.


4. CLIENT TRADING ACCOUNT


4.1 In order to commence trading, the Client must open a trading account with the Company. In order to open a trading account, the Client must complete all on line registrations, provide all required information and fund the trading account, as provided by the “Internet Payment System”.
4.2 After registering and funding have been satisfied, the Company will open the Client’s Trading Account and provide the Client with an individual login and password to access the “Internet Trading System”. Any change to the Client’s individual login and password will be forwarded by the Company to the e-mail address previously supplied by the Client. Clients can trade in their Trading Accounts within the limits of the funds deposited in such accounts.
4.3 The US dollar will be the operating currency in the Trading Account. All funds transferred in other currencies will be converted into US dollars at the prevailing rate on the reception date. Prevailing exchange rates are set by the Company, adjusted on a daily basis and viewable on the “Internet Trading System”.
4.4 Client money transfers to its Trading Account will be credited no later than the working day following the date of reception provided the payment source can be identified and payment has been made in accordance with the “Internet Payment System”. Payments not meeting these requirements will either be credited when determined by the Company or returned, in the sole discretion of the Company.
4.5 Client requests for withdrawal of funds from their Trading Account must be made through “Internet Payment System” and will be executed no later than the working day following such request, unless (i) the currency of the withdrawal request differs from the currency on the initial deposit; (ii) the withdrawal is directed to a bank account not in the Client’s name; (iii) the Company’s Internal Security Service determines that the transaction is subject to question under applicable money laundering statutes or policies, or (iv) the Company determines that the requested withdrawal would not be in the best interests of the Company or would otherwise violate public policy. In any of the prior instances, the Company, in its sole discretion, shall either delay or cancel such withdrawal, whichever is appropriate. In addition, the Company will deny any withdrawal request where the requested funds are necessary to margin open positions in the Client’s account.
4.6 Financial results (profits or losses) of trades conducted will be reflected when such trades are liquidated or closed out.


5. EXECUTION PROCEDURE


5.1 Clients shall execute over the counter on line foreign exchange transactions via communication with the Company’s “Internet Trading System”. The Client will be provided with, among other things, bids and offers relating to the various foreign exchange products being offered by the Company. These bids and offers will change constantly. A transaction will be deemed executed when the Client has conformed to all of the Company’s requirements on a timely basis and has received on line confirmation that the transaction has been completed. If a Client has any questions regarding a transaction or the execution thereof he must immediately contact the Company by telephone to clarify the issue. In the absence of such telephonic communication, the information contained on the “Internet Trading System” shall be deemed conclusive for all purposes.
5.2 In the event the “Internet Trading System” is unavailable, the Client may contact the Company by telephone to execute one or more foreign exchange transactions. The Company will record all such communications and such recording shall be deemed conclusive with respect to the terms and conditions of any agreed upon foreign exchange transactions.
5.3 Telephone communications will only occur after the Client has properly identified itself by supplying its login and password, and will only occur between the Client and an authorized representative of the Company. Following such communication, the Client, for security purposes, should change its login and password.
5.4 In the event that one or more foreign exchange transactions are executed telephonically, the Company shall input such transactions upon the “Internet Trading System” once it becomes operational.
5.5 Clients will be allowed to execute transactions and maintain positions only when they are in full compliance with all of the Company’s applicable margin requirements set forth on the Company’s website or otherwise available via communication with the Company. All such margin requirements are subject to adjustment by the Company in its sole discretion, without notice. The Client agrees that it will conform to all applicable Company margin requirements as adjusted from time to time. In the event of a Client’s failure to timely meet its margin requirements, the Company may take any and all legal action to remedy the situation, including without limitation the partial or complete liquidation of open positions.
5.6 Clients shall have the right to enter stop-loss and/or take-profit orders in an attempt to limit loss or secure profit with respect to open positions, subject only to such orders not violating existing Company limits regarding such orders. For example, presently the Company accepts such orders only if the maximum available loss or profit is not less that $1.20 per thousand dollars of base currency units. The Company reserves the right to amend the limits at any time in its sole discretion. All such limitations in effect will be posted on the Company’s web sites.
5.7 All Client orders will remain in effect in accordance with its terms, until either amended or cancelled by the Client or until executed.


6. FINANCIAL CALCULATIONS


6.1 Unrealized profits and losses on Clients’ open positions are calculated automatically on an ongoing basis as prices and quotations change. Such calculations are made, and where necessary recalculated, in US dollars.
6.2 Whenever current losses on a Client’s open position equal or exceed the remaining balance in his trading account, the Company has the right to liquidate some or all of the positions in the Client’s account. Losses on such positions will be debited to the Client’s account.
6.3 Upon the liquidation of a Client’s position, profit or loss will be calculated and charged to the Client’s account.
6.4 In the event that the liquidation of positions in the Client’s account results in a deficit balance, the Client shall be fully responsible therefore, and shall make immediate restitution.


7. COMMISSIONS


7.1 Commissions are charged upon the initiation (opening) and/or rollover of positions (21:00:00 GMT). The amount of commissions are set forth in Appendix A hereto and updated from time to time upon the Company’s websites.
7.2 In the event that rollover of positions requires commission payments in excess of the remaining margin funds in an account, the Company shall have the right to close all positions at then existing prices.


8. RESPONSIBILITIES AND LIABILITIES


8.1 The Company shall have no responsibility or liability whatsoever /or any damages or losses of whatever kind suffered by Clients relating in any manner to the Company’s websites or trading platforms, including without limitation, the inability to access such programs /or whatever reason; even if such inability is caused by, or the result of actions taken by, the Company. Among the things for which the Company shall bear no responsibility or glitches in computer networks, connection problems, and the like.
8.2 The Company shall be responsible to the Client solely for actual damages unrelated to the websites or trading platforms suffered by a Client directly as a result of the Company’s gross negligence.
8.3 The Client shall be fully responsible for all trading related costs and expenses, including without limitation, trading losses, commissions, etc., all as set forth in the Client’s various agreements with the Company. The Client shall also be responsible for all loss or damage suffered by the Company resulting from the actions of the Client, including without limitation, the providing of false information or the failure to provide required information.
8.4 The Client shall be responsible to the Company for all costs of collection, including reasonable attorney’s fees, incurred by the Company regarding Client’s failure to meet any of its obligations to the Company.


9. CLAIMS


9.1 Clients must notify the Company of any claim or complaint regarding and trade or trading situation within 24 hours of the trade or situation in question. Such notice must be memorialized by writing or e-mail in a manner which indicates both the time and date of sending and receipt. A Client’s failure to give such notice in a timely and proper manner shall preclude any claims regarding such trades.
9.2 Any claim or controversy by the Client shall be resolved by arbitration within the borough of legal court, pursuant to the terms and conditions set forth in the Customers Agreement between the Client and the Company executed upon the opening of the Client’s account.



10. AMENDMENTS


10.1 Amendments to these Provisions may be made by the Company at any time in its sole discretion, and shall become effective when determined by the Company. Amendments will be posted on the Company’s websites. Other notification may be given in the sole discretion of the Company.
Publié par sell forex buy à l'adresse 06:00 0 commentaires 

Libellés : General Trading, Modern Forex, Provisions


Forex Education on DailyFX
Ten New Things at DailyFX.com:
News, Reports, Trading Ideas,
Trading Guides and More
For Immediate Release:
Media Contact: Jaclyn Sales jsales@fxcm.com


New York, September 9, 2008  DailyFX.com (http://www.dailyfx.com/) recently unveiled ten new research products for traders. Being one of the world’s leading news and information sources for the currency trading community DailyFX.com strives to continually increase the breadth of high quality analysis it offers to currency traders.
Over the past month, DailyFX.com has implemented these ten new features to the Website, in addition to the already ten to fifteen articles published daily.
New on DailyFX.com


1) Analyst Trading Ideas | Daily, published at 9:30 am (EST)
DailyFX.com will share their favorite trades. On Mondays, its "Pick of the Week" – Tuesday, they cover the EUR and GBP, Wednesday is the JPY, Thursday is CAD, and Friday is AUD or NZD pairs.
http://www.dailyfx.com/analyst_picks/


2) New Report for the European Open | Daily, published at 2 am (EST)
Geared towards the European open, this updates the technical levels and fundamental developments.
http://www.dailyfx.com/story/special_report/special_reports/Euro_Open__Will_an_Empty_1215409280548.html


3) Top FX Headlines for the US open | Daily, published at 7am (EST)
A birds-eye glance at the top headlines from the European and Asian trading sessions
http://www.dailyfx.com/story/dailyfx_reports/top_fx_market_movers/Talk_of__200_a_Barrel_1215427966301.html


4) Third Quarter FX Forecasts | Quarterly
http://www.dailyfx.com/story/forecast_reports/forecasts/2008_Third_Quarter_Currency_Market_1215107093519.html


5) Five Most Market Moving Events of the Week | Weekly
http://www.dailyfx.com/story/special_report/special_reports/5_Key_Events_for_the_1215452563781.html


6) Which Should You Trade: Range or Trend | Weekly
Out on Mondays (in special report), using volatility, it determines whether the market is more conducive to range or trend trading and it suggests to clients which DailyFX+ article or strategy will work best in the coming week:
http://www.dailyfx.com/story/special_report/special_reports/Currency_Markets_Offer_Range_Trading_1214857539466.html


7) Emerging Market | Weekly
On Thursdays Emerging Market FX Weekly covers the ZAR, MXN, TRY, SGD, and HKD from a technical and fundamental perspective


8) Technical Analysis Report using Candlesticks and Fibonacci - Weekly
In addition to the Daily Techs, Currency Crosses, COT, Weekly Chart Analysis and Top Bottom, DailyFX.com has launched 2 new weekly tech reports that analyze charts using Candlesticks (Monday) and Fibonacci (Tuesday)
http://www.dailyfx.com/story/special_report/special_reports/Candlesticks_Support_Further_Euro_Downside_1215412517737.html


9) Countdown on Economic Data
Two or three times a week, DailyFX.com puts an economic countdown to key data. The number is published within a few seconds of release on the homepage along with a few quick comments.


10) Forex in 60 Seconds | Daily
Everyday, Terri Belkas and John Kicklighter do a 60 second video on the top events of the day.
Sample: http://www.dailyfx.com/story/special_report/special_reports/Forex_in_60_Seconds___1215123793853.html


Extra bonus |
Emerging Market Trading Guide and Advanced Elliott Wave Guide |
Sign-up here to receive free trading guides: http://www.dailyfx.com/page/free_guide-range.html


# # #


About DailyFX.com


• DailyFX.com is one of the world’s leading news and information sources for the currency trading community.
• Wide international audience: Over 4 million page views a month.
• Up-to-the minute news: From 10 to 20 articles and reports every day on the latest changes in the currency market.
• Timely technical analyses: Close examination of promising chart formations.
• Up-to-date analysis of fundamental influences: In-depth analysis of recent price moves, predictions of likely market moves and explanations of economic and political factors driving the market.
• Economic Calendar: Complete release schedule of news events coming out of the G-10 countries, with sort and filter capabilities to rank each by importance and impact on specific currencies.
• Forum: The DailyFX.com Forum is a serious online forum that avoids the “market noise” and irrelevant personal commentary that plague many forex blogs and forums. DailyFX strives to keep the DailyFX.com Forum the place where real traders go to talk about serious trading.
• Free charts: Free forex charts for beginning, intermediate and expert traders, complete with live currency quotes
• Live rates: Live currency rates around the clock.
# # #
Leveraged foreign exchange trading carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
Publié par sell forex buy à l'adresse 05:59 0 commentaires 

Libellés : Forex Education on DailyFX


FOREX UNIQUE
JAI DURGA FOREX UNIQUE WIN WIN MODEL
USD VS GBP
20TH SEPTEMBER 07
Account –I


0.5001 1L(1L) 0.4994/0.4999 N/A



0.4994/0.4999 N/A


0.4981/0.4986 5L(6L)


Account- II


0.4996 3S(3S) 0.4994 3S(7S) /0.4999



0.4994 1S(4S)
0.4981/0.4986 7L(0)


PROFIT=7X100000(0.000885714)=619.9 GBP
= 620 GBP
USD= 1243.48