Holiday In Kundasang




Its been a while since I update this blog. Been busy with work and decided to go on a holiday to Kundasang. If any of you dont know where Kundasang is, its in Sabah located at the foot of Mount Kinabalu. Enjoy :)

Origin of the Currency Exchange Market

Forex trading has a pretty long history and could be seen in ancient Middle Ages when foreign exchange just started out as international merchant bankers devised bills of exchange, which could be transfered to third-party payments that allowed flexibility and growth in foreign exchange dealings.

The modern FX market is is variable with periods of high volatility and relative stability . By the mid-1930s, London became known as the leading center for foreign exchange and the British pound served as the benchmark currency to trade and was kept as reserve currency.

After the 2nd World War, when the British economy was decimated and the United States was the only country unscathed by war, U.S. dollar ($) became the reserve currency for most of the countries . In turn, the U.S. dollar was pegged to gold at $35 per ounce. Thus, the U.S. dollar became the world's reserve currency.

To execute these goals the IMF uses such instruments as Reserve trenches, which allows a member to draw on its own reserve asset quota at the time of payment, Credit trenches drawings and stand-by arrangements. The letters are the standard form of IMF loans unlike of those as the compensatory financing facility extends financial help to countries with temporary problems generated by reductions in export revenues, the buffer stock financing facility which is geared toward assisting the stocking up on primary commodities in order to ensure price stability in a specific commodity and the extended facility designed to assist members with financial problems in amounts or for periods exceeding the scope of the other facilities.

At the end of the 70-s the free-floating of currencies was officially mandated that became the most important landmark in the history of financial markets in the XX century lead to the formation of Forex in the contemporary understanding. That is the currency may be traded by anybody and its value is a function of the current supply and demand forces in the market, and there are no specific intervention points that have to be observed. Foreign exchange has experienced spectacular growth in volume ever since currencies were allowed to float freely against each other. While the daily turnover in 1977 was U.S. $5 billion, it increased to U.S. $600 billion in 1987, reached the U.S. $1 trillion mark in September 1992, and stabilized at around $1.5 trillion by the year 2000.

Main factors influences on this spectacular growth in volume are mentioned below. A significant role belonged to the increased volatility of currencies rates, growing mutual influence of different economies on bank-rates established by central banks, which affect essentially currencies exchange rates, more intense competition on goods markets and, at the same time, amalgamation of the corporations of different countries, technological revolution in the sphere of the currencies trading. The latter exposed in the development of automated dealing systems and the transition to the currency trading by means of the Internet. In addition to the dealing systems, matching systems simultaneously connect all traders around the world, electronically duplicating the brokers' market.

Advances in technology, computer software, and telecommunications and increased experience have increased the level of traders' sophistication, their ability to both generate profits and properly handle the exchange risks. Therefore, trading sophistication led toward volume increase.
Forex Annihilation ReviewAs I mentioned in my last message that I am going to use ForexAnnihilation to find out more about this forex trading software.I received a preview copy of this forex trading software just few days back. Its a little software that runs on Metatrader. Due to this, this software is not large in size and doesn't uses much of the memory.I went through the instructions to

Forex Ace - My review after placing few more trades

Forex Ace - Over last few days I have placed 7-8 trades using Forexace system. Most of these were on EUR/USD currency pair. Rest on GBP/USDSome of you have contacted me to share my experience with Forex Ace.Out of the 8 trades I placed 5 were profitable in the range of 70-75 pips on average. The remaining trades ended in the loss.In all its a good system.Now some of you have been asking about if

FREE FOREX SIGNAL 12 JUNE 2008

1. Short GBPCHF @ 2.0300 or better

2. Short USDJPY @ 107.00 or better
Baru-baru ini, Malaysia telah digemparkan dengan pengumuman YAB Perdana Menteri berhubung kenaikan harga minyak sebanyak 78sen utk petrol dan RM1 untuk diesel. Kenaikan komoditi utama ini akan memberi kesan yang besar kepada rakyat Malaysia. Ini kerana dengan melonjaknya harga komoditi tersebut maka harga barangan lain juga akan turut naik. Ini adalah kesan dari tindakbalas ekonomi yang tidak dapat dielakkan oleh mana mana negara.

Sehubungan itu, timbul berbagai bagai komen, pendapat, idea dan tak kurang juga cacian dan makian yang timbul. Datangnya persoalan bagaimana rakyat Malaysia boleh mengatasi masalah ini. Terus terang cakap, ini baru permulaan. Kita harus berfikir lebih jauh lagi apabila stok minyak Malaysia telah habis dan kita akan turun menjadi pembeli. Pada masa itu keadaan kita akan jadi lebih parah lagi.

Oleh itu saya menyarankan kepada rakyat Malaysia agar berusaha mengurangkan penggantungan kepada subsidi. Rakyat Malaysia ni kalau bab bersukan atau belajar memang hancuss tapi bab subsidi tetap kekal juara. Kalau takde subsidi boleh mati. Dari lahir sampai mati memang ada subsidi kerajaan. Jadi kekallah orang Malaysia juara subsidi.

Untuk mengurangkan penggantungan kepada subsidi kerajaan, maka dicadangkan agar rakyat Malaysia berusaha menjana sumber pendapatan. Sesiapa saja kalau mengharap kepada satu sumber pendapatan maka, hidup tak susah dan tak juga senang tapi sekiranya anda mempunyai beberapa sumber pendapatan maka hidup akan lebih senang dan bahang kenaikan harga minyak tidak begitu dirasai.

Bukan apa, kenaikan harga minyak ni memang memeningkan kepala. Dipejabat bermacam reaksi ada. Sampai ada yang sanggup curi minyak syarikat dan isi dalam kereta sendiri. Sebagai pegawai yang bertanggungjawab menjaga kenderaan, kecurian itu diketahui cuma tidak sampai hati nak menjatuhkan maruah seseorang. Jadi orang itu teruslah berlakon seolah tidak ada kesalahan dan saya terus menerus melihat lakonan dia. Kesian. Curi minyak isi tangki penuh harga dalam RM50 tapi sekiranya kantoi kene buang kerja. Kerana RM50 sanggup gadaikan kerja yang bergaji tetap. Kebodohan manusia ni kadang kala tak masuk akal.

Dengan ini diharap rakyat Malaysia akan berusaha untuk menaikkan taraf dan kedudukan masing masing. Mencipta peluang dan pendapatan. Meningkatkan ilmu dan harga diri. Agar satu hari nanti kita akan ramai ramai pegi shopping di negara jiran dengan ayat " Barang kat sini murahlah ". Biar dia terasa lak yang nilai matawang mereka kecil.

Kepada para pemimpin, jalankan tugas dan atur strategi sebaiknya. Sebuah negara yang kaya dengan sumber tidak susah untuk ditadbir. Cuma perlukan kesungguhan, kepintaran dan kejujuran. Dimana harga diri seorang pemimpin sekiranya agenda utama adalah untuk membina kekayaan untuk diri sendiri dan kroni. Percayalah, lakonan anda itu lambat laun akan diketahui juga dan dimasa itu dimana nak diletakkan muka bila semuanya terbongkar tapi orang politik memang begitu kot. Bangsa yang takde malu punya.

FREE FOREX SIGNAL 9 JUN 2008

Sorry for long time no post. Been busy. As for this week there are a few trade opportunity but the market is uncertain now due to mixed NFP data and market sentiment.

These are signal based on technical study. Trade wisely and use stop loss appropriately.

Short GBPJPY @ 207.45 or better

Short NZDUSD @ 0.7710 or better

Thats it for today. GBPUSD and EURUSD may come up with an entry tomorrow. For the time being just relax and watch it

I liquidated some profitable short positions in the EURTRY around the 1.9150 price level. While this wasn't the absolute bottom it was well below the current levels -- due to a recent price spike. As the spreads are reasonable during the morning hours I will consider selling a small chunk tomorrow morning if it looks like things are going to turn around.However, the EURTRY is not the place for
Both of these currency pairs have moved a long away against carry positions.It might be time to consider shorting some AUDNZD and going long some NZDUSD. Take a look at the dailies [daily charts] and see if you think some type of reversal is in the works.As always, remember I'm a carry trader, so I'd buy a small position that I'd be happy to hold for the long term in the event that I was
It's starting to look like time to consider taking a small bite of GBPCHF. However, you may want to wait for a bit of strength before taking the leap...

Learning To Love Stochastics

Many of you trading in the Forex markets know that the difference between success and failure lies in the probabilities.What is the probability that your speculation will be correct?The more often that your positions are correct the more profitable you will be. This is part of the reason that so many bozos are busy promoting supposedly infallible commercial signals. Seriously, if their signals
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