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OPEN AN ACCOUNT WITH UFX BANK NOW AND GET 30% BONUS ON YOUR INITIAL DEPOSIT

UFX Bank provides one of the best online Forex broker services on the market. They boast over 40 currency pairs and even include commodities trading. Their amazing customer support is available 24 hours a day and they offer a broad range of trading tools and customer features. The minimum deposit at UFX Bank is only $100, which is perfect for the low budget or beginning trader. They are a company that should be strongly considered when choosing an online Forex broker.

UFXBank is a UK based brokerage house comprising of a quality team of Finance professionals who share over 50 years combined experience in the Forex industry. Their trading platform is provided by ParagonEx, which is an incredibly reliable browser based platform that allows users access from just about anywhere where there is an internet connection. UFX Bank provides the most up to date charts and feeds which, as any experienced Forex trader knows, is essential to success in this industry.

Through the UFX Bank website clients have access to Forex tutorials, daily outlook videos, daily market updates, trade recommendations, tips, and strategies. This can be very useful to market participants of all levels. Gold and platinum clients also have additional features available to them, such as live market alerts and market signals sent via SMS, to name a few. -

Here is a brief list of features and benefits UFX Bank provides its customers:

• No commissions and no fees

• Fixed market spreads

• Over 40 Currency Pairs

• Commodities trading

• Binary options trading

• $100 Minimum deposit

• One-on-one chat with Forex experts

• Remote assistance and personal coaching through trading

• Daily market update and trading tips, including signals, market reports, and other useful tools

• Live market alerts and signals via SMS text message…(Advanced Traders)

• Browser-based trading platform

• Advanced site security

• Great selection of payment options

OPEN AN ACCOUNT WITH UFX BANK NOW AND GET 30% BONUS ON YOUR INITIAL DEPOSIT

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There are many games to try your luck but definitely forex trading is not a game of chance. We therefore always advise our clients to at least gain a basic understanding of the Forex market and what influences the prices of different currency pairs before they start trading. In general, fluctuations in exchange rates are caused by Fundamental and/or Technical factors. In this article we outline the basic fundamental considerations.

• Political conditions
• Actual monetary flows (flows for imports, exports, mergers, acquisitions) and expectations of changes in monetary flows.
• Major news which is released publicly, often on scheduled dates and times which include:

(a) Economic policy formulated by central banks,

(b) Economic conditions generally revealed through economic reports (GDP growth, inflation, unemployment, relative interest rates, budget and trade deficits or surpluses, consumer confidence etc).

• Market Psychology

Political Conditions

Internal, regional, and international political conditions and events can have a profound effect on currency markets. All exchange rates are susceptible to political instability (ahead of elections for example) and anticipations about the new ruling party. Political upheaval and instability can have a negative impact on a nation’s economy. Also, events in one country or a region may spur positive or negative interest in a neighboring country and, in the process, affect its currency.

Monetary Flows

Large mergers and acquisitions can create an often temporary demand for a particular currency which can cause the currency to strengthen. The trade flow between countries illustrates the demand for goods and services, which in turn indicates demand for a country’s currency to conduct trade. Surpluses and deficits in trade of goods and services reflect the competitiveness of a nation’s economy. Large trade deficits (imports > exports) usually have a negative impact on a nation’s currency.

Economic Policy

• Fiscal policy which is essentially the way a government chooses to manage its revenues (tax) and expenses (spending on health, education and defense).  The difference between the two is the government deficit/surplus. A country’s currency usually reacts negatively to widening government budget deficits, and positively to narrowing budget deficits.
• Monetary policy which is the way in which a government’s central bank influences the supply and “cost” of money. The cost of money is reflected on a currency’s interest rate while the money supply is managed with the buying or selling by the central banks of government bonds. High real interest rates (nominal interest rates less inflation) usually tend to attract capital causing a currency to strengthen. The level of interest rates also affects the domestic economy in that a high interest rate tends to slow economic growth and inflation, while in periods of low growth or deflation central banks use low interest rates to stimulate growth or bring inflation back to target. Adding money supply (buying government bonds back from the market-quantitative easing) is used to stimulate growth and inflation, whereas withdrawing money supply (selling government bonds) is slowing growth and inflation. Excess money supply tends to weaken a country’s currency while low money supply tends to strengthen a country’s currency.

Economic conditions

There are many economic statistics published on a weekly/monthly basis (you can keep track of upcoming data and expectations by checking our Economic calendar on www.tfifx.com- In the calendar we provide a short description of the data, the previous release number as well as the market expectation for the upcoming release). Traders watch these figures closely, forecasting the likely result and reacting to the actual figure according to whether it is better than forecast, in which case the market will rise, or worse than forecast, in which case the market will fall. The most closely watched data are:

Inflation levels and trends: Typically a currency will lose value if there is a high level of inflation in the country or if inflation levels are perceived to be rising. This is because inflation erodes purchasing power, thus demand, for that particular currency. However, a currency may sometimes strengthen when inflation rises because of expectations that the central bank will raise short-term interest rates to combat rising inflation.

Economic growth and health: Reports such as GDP, employment levels, retail sales, capacity utilization and others, detail the levels of a country’s economic growth and health. Generally, the more healthy and robust a country’s economy, the better its currency will perform.

While economic numbers reflect economic policy, some reports and numbers can have a more muted or dubious effect: the number itself becomes important to market psychology and may have an immediate impact on short-term market moves, however, what influences the market on a sustained basis can change over time. In recent years, for example, money supply, employment, trade balance figures and inflation numbers have all taken turns in the spotlight.

Market psychology

Unsettling international events can lead to a “flight to quality,” with investors seeking a “safe haven“. Under such market conditions, there will be a greater demand and thus a higher price for currencies perceived as safer over their relatively riskier counterparts. The Swiss franc and US dollar have been traditionally perceived to be safe havens and usually gain during times of political or economic uncertainty.

Charis Charilaou is www.TFIFx.com Head of Treasury

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by Charis Charilaou, www.TFIfx.com

As we have said in our previous article, one of the most important aspects of trading in any market and especially forex, is Money Management. Money Management can be defined as the way a trader manages his equity, number and size of trades, open positions, stop loss limits and take profit targets and optimizing its Risk/Reward ratio in order to yield positive results in the long run. To understand this, first you have to recognize that no one can always get it right and we all get losing trades. This is a fact in a traders life and the soonest a trader accepts it the better his chances of being profitable in the long run. We often hear traders speak as if they are certain what the markets will do next. We try to view the markets in probabilities and always have an analysis to support our opinion.  Whether you are looking at fundamental news announcements, a combination of technical tools, or a simple moving average, what traders are looking for are patterns that put the probabilities in their favor so they will profit in the long run.  In other words, we are looking for how the market has reacted in the past to certain conditions, and speculating how the market will react in the future to similar conditions. When it comes to trading, there is no absolute certainty.  That is why good money management is essential in making trading profits grow over time.
To take an extreme example lets suppose someone has inside information about an interest rate change ahead of its release.  Can this fact alone predict exactly how the market will react?  What if other insiders also knew this information and acted in advance as well? What happens if there are real orders from big corporate or banks that need to buy or sell after the announcement?  What if enough market participants felt the rate would move higher and bought prior to the announcement – they took profits after the announcement causing the currency to move lower (buy the rumor, sell the fact)?
So the big question is how to put the probabilities on our side? Actually any trading plan that is profitable in the long run is good enough. Some traders lose far more trades than they profit, but when they profit, they usually profit big.  Some traders utilize a strategy targeting to profit the vast majority of their trades while risking a lot, but gaining little.
We try to use a more calculated approach in our trading tactics by applying money management considerations to our analysis of the market situation.  First we recognize that the market is always trading on a trend or a range and that we have much better probabilities of being profitable if our trades are following the trend.
-If the market is on a trend we try to follow the trend on the vast majority of our trades (usually around 80% of our trades are following the trend). In this case we apply a risk:reward ratio of 1:2 with a big stop loss (usually more than 150 pips) and a big take profit target (usually more than 300 pips).
-If we have a trend and still decide to go against the trend for the correction we apply a risk reward ratio of 1:1 but with much smaller stop loss and take profit (usually around 50 pips).
-In the case the market trades within a range we are trading the extremes of the range applying a risk:reward ratio of 1:1.5 with a medium stop loss (less than 100 pips) and take profit target (usually more than 150 pips).
Since in both market situations (trend or range) the risk:reward ratio is ranging between 1:1.5 and 1:2 (except when trading corrections which is a rare situation), even if we trade profitably just 50% (or even less) then this model gives very good returns over time.  Anything above 50% profitable trades would be outstanding.  Based on this model, it is pretty easy to see why it makes little sense to get very excited when a trade wins or very upset when a trade loses which results in one more very important added advantage in forex trading- much better trading psychology.

Charis Charilaou is Head of Treasury  at www.TFIfx.com

Uncategorized forex, forex tips, r/r, risk/reward, tips, trading

From 20 May until 11 July 2010 all new clients who open an account will receive 50 EUR from Deltastock. With Deltastock’s new promotion, you have the chance to start trading live on the global financial markets without any initial investments required from your side. GET YOUR BONUS NOW!

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Earn an extra 20% on your deposit for opening a live trading account with Deltastock.

Join Deltastock Today and Earn More!

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Further to the launch of the new Tadawul FX website, we are pleased to announce our new Trading Account Types.

The new trading accounts provide some of the most competitive trading conditions in the market, allowing you to trade forex, metals and CFDs with lower spreads, smaller deposits and greater risk management.

Micro lots of 0.05 are now available on both the Mini and Standard accounts, as well as flexible leverage of 1:100 to 1:500 previously only available to clients trading on Standard Accounts.

In addition, the minimum deposit for Standard Accounts has been reduced to $5,000 allowing you to enjoy fixed spreads of only 2 pips.

Our new Premium Account, previously only for professional traders and institutions, is now available to all clients investing a minimum of $150,000 and offers unbeatable fixed spreads from 1 pip on major currency pairs.

Traders can choose an account in any one of the 5 base currencies including USD, EUR, GBP, JPY and CHF and enjoy fast execution and live support 24 hours a day.

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FxPro, a leading global retail broker in foreign exchange (forex) and CFDs on shares, precious metals, commodities and indices, today confirms it has become the Official Forex Trading Partner of the FIA World Rally Championship (WRC) in a multi-year agreement running through to the end of 2012.

The partnership, secured by Championship Promoter North One Sport, aligns FxPro with one of the premier global motorsports. In 2010 the WRC adventure will unfold over 13 events around the world with some of the greatest drivers, including Sebastien Loeb, Mikko Hirvonen and Kimi Raikkonen, battling it out for the Championship crown in the ultimate test of skill and bravery.

As part of the collaboration, FxPro will have valuable branding and marketing rights at select Championship events throughout the season. In addition, FxPro will bring their own touch of glamour to the sport with the introduction of the famous FxPro Girls.

Denis Sukhotin, Chairman of FxPro, said of the agreement, “FxPro and WRC share great brand values of quality, dynamism, and speed of delivery. As a result, all of us at FxPro are delighted to partner with WRC’s prestigious global sporting events.  We look forward to building on our profile in WRC’s territories and globally online in our key international markets, through strong brand exposure and marketing calls to action.”

Simon Long, CEO of North One Sport added, “FxPro’s commitment to delivering excellence via the very latest digital innovations mirror our own aspirations to retain our position at the very forefront of advanced technologies. We are delighted to welcome them to our family of sponsors.”

About FxPro & sponsorship:

FxPro is a committed, active player in world-class motorsports events, through its partner sponsorship of Virgin Racing in Formula One, and its title sponsorship of the IRC FxPro Cyprus Rally.

About FxPro:

FxPro is the brand name of FxPro Financial Services Limited. Founded in 2006, FxPro is an award-winning, leading global retail broker in the forex (FX) market and CFDs, trading with leverage. Our goal is to become the world’s preferred FX and CFDs broker, while at the same time achieving high returns for shareholders. FxPro is authorised and regulated by the Cyprus Securities and Exchange Commission and operates under the EU Markets in Financial Instruments Directive (MiFID). We serve clients in more than 120 countries, with trading and customer support 24 hours a day, five days a week. For further information, please visit www.FxPro.com.

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LEMESOS, CYPRUS – 13 JANUARY 2010.  Lemesos Municipality and FxPro Financial Services Limited have launched Green & Clean, a major new environmental campaign for the city, on 23 December 2009.  Lemesos Municipality is the largest in Cyprus, and FxPro is a leading online FX broker, with headquarters in Lemesos. The purpose of the campaign is to deliver greater and more efficient Environmental Health Services for Lemesos, for the benefit of improving the public health and hygiene standards of the city. The launch includes FxPro donating to Green & Clean two new ‘Green Machines’ – eco-efficient street sweepers – at a cost of ?50,000.

Lemesos’s Green & Clean is unique for being the first Cyprus Municipality major environmental campaign. Its strategy is to help drive and deliver continued improvements in the public health and environment. The first initiative to be launched is the delivery and services of street cleaning services using Green Machine sweepers, which are also being used for the first time by a Cyprus Municipality.  In only one hour, both machines can clean the equivalent of two football fields – work which, done manually, would instead take two whole weeks to do. The Green Machines are high-specification, eco-friendly and perfectly suited for congested and confined public spaces. They have fuel-efficient Kubota diesel engines, and shred and compact waste by 66% of its original size. These sweepers will operate all day in the Lemesos Municipality, six days a  week, and be run by two of Lemesos’s existing Environmental Health team, trained especially to work the machines.

Speaking about the campaign, Lemesos’s Mayor Andreas Christou, and Louiza Protopapa, spokesperson for FxPro, said, “As the largest Municipality in Cyprus, together with FxPro, one of the most successful Lemesos-based global financial services companies, we are proud to be launching Green & Clean, a major new envrionmental campaign.  It is the first of its kind in Cyprus, not only for its comprehensive strategy and commitment to improve the public health and environment, but also for the use of Green Machines in a Cyprus city.

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List of hotkeys

There are many other useful hotkeys. Here is a comprehensive list:

Left arrow — scroll chart to the left;
Right arrow — scroll chart to the right;
Up arrow — quickly scroll chart to the left or (if the scale is defined), scroll chart upwards;
Down arrow — quickly scroll chart to the right or (if the scale is defined), scroll chart downwards;

Numpad 5 — restores chart vertical scale to its original default. If the scale was defined, this returns the chart back to its visible range;

Page Up — scroll a whole screen to the left;
Page Down — scroll a whole screen to the left;
Home — move the chart to the start point (first bar);
End — move the chart to the end point (last, i.e. most current) bar;

“–” — zoom out (there are 6 levels of zoom available);
“+” — zoom in;

Delete — delete all selected objects;
Backspace — delete most recently added objects, on a last-added-first-removed basis;

Enter — open/close the fast navigation window;
Esc — close any dialog window;

F1 — open the on line help “Userguide”;
F2 — open the “History Center” window;
F3 — open the “Global Variables” window;
F4 — open MetaEditor;
F5 — switch to the next profile;
F6 — call the “Tester” dialog window for testing the expert attached to the chart window;
F7 — call the properties dialog window of the expert attached to their chart window, in order to change its settings;
F8 — call the chart setup dialog window, allowing basic chart parameters, colors, etc to be changed;
F9 — call the “New Order” window, allowing the entry of market, limit, stop orders;
F10 — open the “Popup prices” window;
F11 — enable/disable full screen mode;
F12 — scroll the chart one bar to the left;

Shift+F12 — scroll the chart one bar to the right;
Shift+F5 — switch to the previous profile;

Alt+1 — display the chart as OHLC bars;
Alt+2 — display the chart as OHLC candlesticks;
Alt+3 — display the chart as a line (closing prices only);

Alt+A — copy all test/optimization results onto the clipboard;
Alt+W — call the chart management window;
Alt+F4 — exit the program;

Ctrl+A — arrange all indicator window heights by default;
Ctrl+B — call the “Objects List” dialog window;
Ctrl+C or Ctrl+Insert — copy to the clipboard;
Ctrl+D — open/close the “Data Window”;
Ctrl+E — enable/disable the attached expert advisor;
Ctrl+F — switch to “Crosshair” mode;
Ctrl+G — show/hide the vertical/horizontal grid;
Ctrl+H — show/hide the OHLC line;
Ctrl+I — call the “Indicators List” dialog window;
Ctrl+L — show/hide volume data on the main chart;
Ctrl+M — open/close the “Market Watch” window;
Ctrl+N — open/close the “Navigator” window;
Ctrl+O — open the “Setup” window;
Ctrl+P — print the chart;
Ctrl+R — open/close the “Tester” window;
Ctrl+S — save the chart prices (OHLCV) in a file having extensions: “CSV”, “PRN” or “HTM”;
Ctrl+T — open/close the “Terminal” window;
Ctrl+W or Ctrl+F4 — close the chart window that’s currently in focus;
Ctrl+Y— show/hide date (period) separators;
Ctrl+Z or Alt+Backspace — undo object deletions in the reverse order they occurred;

Ctrl+F6 — switch to the next chart window;
Ctrl+F9 — open the “Terminal — Trade” window and switch the focus into it, allowing trading operations to be entered via the keyboard.

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In the coming months, the NFA will require for brokers to have $20,000,000 capital.

From what I understand there are three general choices, although most recently have chosen option 1.

1. Sell the US business to someone else. (ie: ODL USA, Hot Spot, EFX, etc.)

2. Continue on without NFA membership, which seems to be something that no one currently in the biz seems to want to do. Legacy situations like FXDD which is unregulated seem to be the only ones that can seem to get by (for now) this way. GallantFX is a much smaller shop that also comes to mind that is unregulated by the NFA.

3. Somehow operate under the radar if it is offshore based. Visit ACM-USA http://www.acmusa.com/ and you’ll see that the website is just a landing page directing you to it’s Swiss based website. They had a booth at the Traders Expo in NYC last month and were open about accepting accounts from the USA. Kind of a weird situatio

socialtrader, forexfactory.com

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