Learning Forex Trading For Greater Profits
NZDUSD, YOU MAKE MY HEART BEAT FASTER
Hopefully the drop is not by much since its already in an oversold condition. So I will continue to hold the loss position and hoping for a positive move soon. It may be next week since the news effect really delay things.
For EURAUD, it has enter the overbought condition. Technically it should turn somewhere soon. For today entry for short is at 1.6619. It is an estimation which is hard to do since this pair has a very wide spread and agresive movement.
DAILY FOREX RECOMMENDATION
EUR/USD
Trading range: 1.4905 - 1.4810
Trend: Downward
Sell at 1.4891 SL 1.4923 TP 1.4824
USD/JPY
Trading range: 109.75 - 110.60
Trend: Upward
Buy at 109.86 SL 109.54 TP 110.48
GBP/USD
Trading range: 1.9065 - 1.8965
Trend: Downward
Sell at 1.9054 SL 1.9086 TP 1.8976
USD/CHF
Trading range: 1.0870 - 1.0965
Trend: Upward
Buy at 1.0881 SL 1.0849 TP 1.0955
by iForex Daily Forecast
Commodity Broker: What You Need to Know to Select the Right Broker for You
DAILY FOREX RECOMMENDATION
Wednesday, 03 September 2008 - 6:00 AM GMT
EUR/USD
Trading range: 1.4480 - 1.4390
Trend: Downward
Sell at 1.4467 SL 1.4499 TP 1.4400
USD/JPY
Trading range: 108.65 - 109.50
Trend: Upward
Buy at 108.75 SL 108.43 TP 109.37
GBP/USD
Trading range: 1.7775 - 1.7675
Trend: Downward
Sell at 1.7765 SL 1.7797 TP 1.7687
USD/CHF
Trading range: 1.1070 - 1.1170
Trend: Upward
Buy at 1.1084 SL 1.1052 TP 1.1158
By iForex
DAILY FOREX RECOMMENDATION - JULY 2, 2010
EURUSD?s fall from 1.2466 extended to 1.2150 only, the following break above 1.2466 suggests that the longer term downtrend from 1.5144 (2009 high) has completed at 1.1876 already. Further rally is still possible after a minor consolidation and next target would be at 1.2700 area.
GBPUSD RECOMMENDATION :
After touching the lower boundary of the price channel on 4-hour chart, GBPUSD bounces strongly from 1.4873 level. Further rally is now in favor and next target would be at 1.5300 area. Near term support is at 1.5000 and key support is at 1.4873, only fall below this level could indicate that the uptrend from 1.4346 has completed.
USDJPY RECOMMENDATION :
USDJPY might be forming a cycle bottom at 86.96 level on 4-hour chart. Range trading between 86.96 and 88.35 would more likely be seen. Now the long term key support at 88.14 (Mar 4 low) is broken below, implying downtrend from 124.16 (2007 high) has resumed, long term target is expected at 80.00 area.
USDCAD RECOMMENDATION :
Being contained by 1.0678 resistance, USDCAD pulled back from 1.0673, suggesting that a cycle top is being formed on 4-hour chart. Minor consolidation in a range between 1.0540 and 1.0678 would more likely be seen in a couple of days. Support is at the lower border of the price channel, as long as the channel support holds, one more rise towards 1.0852 previous high is still possible.
AUDUSD RECOMMENDATION :
AUDUSD?s fall from 0.8858 extended to as low as 0.8315. The subsequent bounce suggests that a cycle bottom is being formed on 4-hour chart. Further rally to test 0.8600 key resistance is expected, a break above this level will confirm the cycle bottom, then another rise towards 0.9000 could be seen. Support is at 0.8315, only break below this level could trigger another fall to 0.8150 area.
DAILY FOREX RECOMMENDATION
EUR/USD
Trading range: 1.4730 - 1.4635
Trend: Downward
Sell at 1.4716 SL 1.4748 TP 1.4649
USD/JPY
Trading range: 109.35 - 110.20
Trend: Upward
Buy at 109.48 SL 109.16 TP 110.10
GBP/USD
Trading range: 1.8485 - 1.8380
Trend: Downward
Sell at 1.8471 SL 1.8503 TP 1.8393
USD/CHF
Trading range: 1.0965 - 1.1065
Trend: Upward
Buy at 1.0979 SL 1.0947 TP 1.1053
by iForex
26th August Breakout Signals
Posted on August 26th, 2008 by Jafar
EUR/JPY - 25 pip trail
Buy @ 161.40 SL161.03 TP161.70
Sell @ 160.85 SL161.23 TP160.41
GBP/JPY - 40 pip trail
Buy @ 202.62 SL202.22 TP203.53
Sell @ 201.74 SL202.22 TP201.06
by Rebate FX
Forex Introducing Broker ? How to Be a Forex Introducing Broker?
FOREX SIGNAL 29.07.2008
EUR/USD
Trading range: 1.5715 - 1.5805
Trend: Upward
Buy at 1.5726 SL 1.5694 TP 1.5793
USD/JPY
Trading range: 107.75 - 106.85
Trend: Downward
Sell at 107.61 SL 107.93 TP 106.99
GBP/USD
Trading range: 1.9910 - 2.0015
Trend: Upward
Buy at 1.9923 SL 1.9891 TP 2.0001
USD/CHF
Trading range: 1.0365 - 1.0270
Trend: Downward
Sell at 1.0355 SL 1.0387 TP 1.0281
by iFOREX Daily Forecast
FREE FOREX SIGNAL 15 JULY 2008
Short AUDUSD @ 0.9720 or better
Short GBPUSD @ 1.9950 or better
Short EURUSD @ 1.5940 or better
Short GBPJPY @ 211.75 or better (Same signal as last week)
Another entry has present itself
Long USDJPY @ 104.00 or better. Closed @ 106.80
At the moment these are the best possible entry. Need I remind you that my style is for me to take top and bottom. This style may not suit some of you. Trade according to your own style and margin. Manage your money and risk properly.
PERFORMANCE JULY 2008
I hope all of you had a good month of trading this month. My system generated a total of 17 signal this month with accuracy of over 90%. Attached is my statement for this month. Feel free to study it.
Silver
We think may silver could be sold around 37.50 as there should come some pull back.
Stocks are up again and it is better to be bullish right now .
Eur/usd struggling now could reach 1.4230 again ....objective 1.4245 to sell
Original post blogged on b2evolution.
FOREX SIGNAL 18.07.2008
EUR/USD
Trading range: 1.5815 - 1.5905
Trend: Upward
Buy at 1.5827 SL 1.5795 TP 1.5894
USD/JPY
Trading range: 106.50 - 105.65
Trend: Downward
Sell at 106.39 SL 106.71 TP 105.77
GBP/USD
Trading range: 1.9935 - 2.0035
Trend: Upward
Buy at 1.9946 SL 1.9914 TP 2.0024
USD/CHF
Trading range: 1.0230 - 1.0130
Trend: Downward
Sell at 1.0217 SL 1.0249 TP 1.0143
by iForex Daily Forecast
DAILY FOREX RECOMMENDATION
1st September Breakout Signals - Ramadan Mubarak!
Posted on September 1st, 2008 by Jafar
USD/JPY - 20 pip trail
Buy @ 108.65 SL108.40 TP108.97
Sell @ 108.15 SL108.40 TP107.83
GBP/JPY - 40 pip trail
Buy @ 196.83 SL196.33 TP197.62
Sell @ 195.12 SL195.62 TP194.62
GBP/CHF - 40 pip trail
Buy @ 1.9951 SL1.9901 TP2.0017
Sell @1.9851 SL1.9901 TP1.9786
by Rebate Fx
Trading Futures ? 3 Most Commonly Asked Questions Answered
In comparison to trading [...]
E-Currency Exchange: 4 Great Income Streams and Counting
Specifically, I am refering to the e-currency exchange program through DXinOne. DXinOne is by far the leader in facilitating e-currency conversions. The fees charged to account for these transactions is [...]
Why Stocks Go Up? What Makes Stocks Rise ? How To Pick Stocks
NZDUSD, YOU MAKE MY HEART BEAT FASTER
Hopefully the drop is not by much since its already in an oversold condition. So I will continue to hold the loss position and hoping for a positive move soon. It may be next week since the news effect really delay things.
For EURAUD, it has enter the overbought condition. Technically it should turn somewhere soon. For today entry for short is at 1.6619. It is an estimation which is hard to do since this pair has a very wide spread and agresive movement.
Commodity Broker: What You Need to Know to Select the Right Broker for You
Forex Signals ? EUR/USD Bulls Keep Pushing
Recap: Slow day yesterday, but it always is after a holiday. I had a single-lot long from 1.2500 yesterday (taken before yesterday?s signal, it never dropped back down for anyone to re-enter) which I closed at 1.2600 for 100 pips profit. Bulls were able to push forward against yesterday pushing the pair up nearly 180 pips from low to high before stalling out around 1.2660.
Daily Outlook: I get a sinking feeling every time I go long in this market as the long-term trend is down, however for my day trading I have to go with the direction of the shorter-term trend and this short-term trend is definitely bullish.
We just closed out a bullish head and shoulders pattern on the daily charts, the pair continues to make higher highs and higher lows and we may have just entered a bullish channel.
Watch out for Eurozone economic numbers on the forex calendar tomorrow.
Trading Idea: The bottom of the bullish channel offers some good risk/reward setups with the support currently between 1.2500-1.2530. From 1.2515 targets would be 1.2540, 1.2570, 1.2600 and 1.2630 for 115 pips profit. A close below 1.2470 on 4h chart negates the trade (this is also where I will look to hide a stop).
Beyond that the most conservative trade would be to wait for a pullback to the 1.2400 support with targets up to 1.2600 for 200 pips (good risk/reward setups off this level).
The most aggressive trade would be a long off of 1.2570 as this is the neckline area of the head and shoulders pattern. A close below this level on the daily charts indicates the neckline breakout was false and the head and shoulders signal was invalid.
Back To Trading
The last 2 signal of GbpChf and EurGbp has given some profit. Its time to exit untill a new signal is generated. This is because in long term trend is the opposite of the signal Ive given.
I will post signal next week when the market open to avoid holding -ve post due to trend continuation. See you next week
E-Currency Exchange: 4 Great Income Streams and Counting
Specifically, I am refering to the e-currency exchange program through DXinOne. DXinOne is by far the leader in facilitating e-currency conversions. The fees charged to account for these transactions is [...]
Forex Prediction ? Forex Currency Prediction For 2010
Who is Willcare??
After searching the internet, I found nothing on his trade method. No a single article or picture giving a view of his method. Some people say he is a millionare but for me its no surprise.
He charge RM1200.00 to attend his class and limits the number of students to 50 per class. Last month he ran 8 classes. Lets do the math shall we.
1200 X 50 X 8 = RM480,000.00
That is his income for last month. Do that 3 months and you are a sure millionaire. Simple and easy as abc - 123.
The logic is if you are a millionaire born out of forex why go to the trouble of going all over malaysia and teaching. Wouldnt it be easier just to trade. After all trading forex made you a millionaire.
If you are a millionaire born out of forex, why charge so high and making it available to everyone. Your system claims to have 300 - 500 pip a day. If you trade only 10% of your capital that is a return of 30% - 50% a day. Do the math for a month and you have 900% - 1500% a month return. Thats a lot of money no matter how you look at it. With that much money, why charge RM1,200.00 for the class or money is never enough. If money is never enough, then forex is a wrong place to start with let alone teaching it to someone else.
Anyway this is only my view on someone who claims to be a millionaire born out of trading forex. There are a few forex millionaire and none that I know of giving class with such a high price. I even had an offer from a forex millionaire to learn from him with the price of nothing. Just go see him and he will teach how to trade and be like him and pay nothing in return. Because the money I am going to pay him is nothing compared to what he has now.
The 40 Rules Of Consistently Profitable Commodity Futures and Option Traders, Part 2
Switch Brokers If You’re Not Happy
Futures Brokers
9) If you are not doing well with your [...]
About Futures Introducing Broker
Audits can last a couple of days or a couple of weeks, depending on a variety of factors. Let me say that the length of time it takes to complete your audit is affected by the size of your office and the number of apparent violations" discovered by the auditors.
Also, the types of products traded, the degree of mass marketing, especially radio and TV advertising and the size of the commissions charged are also factors. The fact is, that if you are not ready for any audit before it happens, no good will come of it.
To be forewarned is to be forearmed and becoming an IB without the proper consultation in the compliance area can be a recipe for disaster. I urge every AP considering his own business to consult with a futures attorney or compliance professional before taking the giant step into the world of regulated self employment.
see my other posted about To Be Futures Introducing Broker or futures introducing broker
Why Stocks Go Up? What Makes Stocks Rise ? How To Pick Stocks
Back To Trading
The last 2 signal of GbpChf and EurGbp has given some profit. Its time to exit untill a new signal is generated. This is because in long term trend is the opposite of the signal Ive given.
I will post signal next week when the market open to avoid holding -ve post due to trend continuation. See you next week
Online Forex Trading: Better Than Futures Trading?
The online forex market has very smooth trends that are available [...]
DAILY FOREX RECOMMENDATION
Friday, 29 August 2008 - 6:00 AM GMT
EUR/USD
Trading range: 1.4770 - 1.4680
Trend: Downward
Sell at 1.4758 SL 1.4790 TP 1.4691
USD/JPY
Trading range: 109.30 - 108.50
Trend: Downward
Sell at 109.20 SL 109.52 TP 108.58
GBP/USD
Trading range: 1.8355 - 1.8250
Trend: Downward
Sell at 1.8341 SL 1.8373 TP 1.8263
USD/CHF
Trading range: 1.0925 - 1.1025
Trend: Upward
Buy at 1.0938 SL 1.0906 TP 1.1012
by iForex
29th August Breakout Signals
Posted on August 29th, 2008 by Jafar
USD/JPY - 20 pip trail
Buy @ 109.39 SL109.09 TP109.77
Sell @ 108.92 SL109.22 TP108.67
EUR/JPY - 25 pip trail
Buy @ 161.31 SL160.91 TP161.79
Sell @ 160.59 SL161.03 TP159.99
GBP/JPY - 40 pip trail
Buy @200.59 SL200.19 TP201.20
Sell @ 199.58 SL200.09 TP198.95
GBP/CHF - 40 pip trail
Buy @ 2.0110 SL2.0050 TP2.0170
Sell @2.0030 SL2.0080 TP1.9959
by Rebate Forex
FOREX SIGNAL 16.07.2008
EUR/USD
Trading range: 1.5870 - 1.5860
Trend: Upward
Buy at 1.5882 SL 1.5850 TP 1.5949
USD/JPY
Trading range: 104.80 - 103.90
Trend: Downward
Sell at 104.66 SL 104.98 TP 104.04
GBP/USD
Trading range: 1.9995 - 2.0095
Trend: Upward
Buy at 2.0005 SL 1.9973 TP 2.0083
USD/CHF
Trading range: 1.0125 - 1.0030
Trend: Downward
Sell at 1.0114 SL 1.0146 TP 1.0040
by iForex Daily Forecast
FOREX SIGNAL 18.07.2008
EUR/USD
Trading range: 1.5815 - 1.5905
Trend: Upward
Buy at 1.5827 SL 1.5795 TP 1.5894
USD/JPY
Trading range: 106.50 - 105.65
Trend: Downward
Sell at 106.39 SL 106.71 TP 105.77
GBP/USD
Trading range: 1.9935 - 2.0035
Trend: Upward
Buy at 1.9946 SL 1.9914 TP 2.0024
USD/CHF
Trading range: 1.0230 - 1.0130
Trend: Downward
Sell at 1.0217 SL 1.0249 TP 1.0143
by iForex Daily Forecast
FREE FOREX SIGNAL 23 JULY 2008
Short Gbp/Jpy @ 213.90 or better
FREE FOREX SIGNAL 9 JULY 2008
Short Gbp/Jpy @ 211.75 or better
This may be a short term trading signal.
Previous signal still holding and in profit.
Update 11/07/08
Short Eur/Jpy @ 169.00 or better
All GU, EU and EU post closed. Looking for reentry point.
FREE FOREX SIGNAL 9 JULY 2008
Short Gbp/Jpy @ 211.75 or better
This may be a short term trading signal.
Previous signal still holding and in profit.
Update 11/07/08
Short Eur/Jpy @ 169.00 or better
All GU, EU and EU post closed. Looking for reentry point.
Online Forex Trading: Better Than Futures Trading?
The online forex market has very smooth trends that are available [...]
Best Discount Brokers
Forex Mentor
As for those who wish to learn from me, do contact me via my phone and suggest time and place for the class. All I asked is 2 hours of your time and some willingness to absorb the knowledge Im going to give.
It is possible to learn my trading method in 2 hours. It is 90% technical + 10% fundamental. 4 indicators only with total of 8 method to read it combined into 2 trading method to cover trending and ranging market.
All I asked in return is willingness and time to learn, maybe buy me some drinks or something. You cannot expect me to talk for 2 hours without drinks. So find a good place with wifi, bring your laptops and notebooks, spare 2 hours and dont forget to buy me drinks.
Do Direct Market Access CFD Brokers Hedge Every Trade Into the Market?
What [...]
All About Introducing Broker Definition
[Note: the term forex dealer member is given to those firms which are registered with the CFTC as futures commission merchants and who only engage in off-exchange foreign currency transactions.]
The Forex introducing broker can be either an individual or a firm; each individual person of a firm will also deemed to be a Forex Associated Person (also known as a Forex AP).
Both firms and individuals will need to through the registration introducing broker definition process with the CFTC through the NFA.
This is a simple posted about introducing broker definition from me
thank you
MARKET REVIEW 14 JULY 2008
Last week we saw Eur and Aud being the strogest of them all. As a result both has gain over Usd and Jpy making new high but the way I see it, it is a temporary move. The main move is for Usd and Jpy to go higher resulting a fall for Gbp, Eur and Aud being Gbp will be the most affected.
So this week I will be looking to short all Gbp/Usd, Eur/Usd, Aud/Usd, Gbp/Jpy, Eur/Jpy and Aud/Jpy. The question remains is the entry point. From my currenty view entry would somewhere around last week high.
Happy trading and remember to manage your risk at all time. If you are a scalper you may take entry on the downhill movement. As for me I will take top and bottom.
MARKET REVIEW 14 JULY 2008
Last week we saw Eur and Aud being the strogest of them all. As a result both has gain over Usd and Jpy making new high but the way I see it, it is a temporary move. The main move is for Usd and Jpy to go higher resulting a fall for Gbp, Eur and Aud being Gbp will be the most affected.
So this week I will be looking to short all Gbp/Usd, Eur/Usd, Aud/Usd, Gbp/Jpy, Eur/Jpy and Aud/Jpy. The question remains is the entry point. From my currenty view entry would somewhere around last week high.
Happy trading and remember to manage your risk at all time. If you are a scalper you may take entry on the downhill movement. As for me I will take top and bottom.
BACK TO BASIC - THE TALE OF CANDLESTICK
What I am going to tell you today is a different story about candlestick. A different way how to view them and how to use them. It may not be 100% accurate but it is enough to make profit and stay profitable in the long run.
Apart from 3 candlestick pattern which I remember, I see candlestick as a momentum indicator. Would it be nice if you can have 2 strategy from a single indicator? Like me I use 4 indicator and when they combine I have 8 strategy combined into 1. Candlestick, Moving Average, RSI and Stochastic all put on top of gridlines.
A DIFFERENT VIEW
Imagine that the price is an invisible, self propelling arrow. You cannot see it and surely you dont know where its going but when it moves, it leaves trails in the form of candlestick. If the arrow is moving too fast, we will see long candlestick. The arrow itself has momentum once it moved, so it will take time to slow down and turn. In short, a long CS indicates the arrow is moving very fast and will not turn soon but because forex is influences by many things we see the arrow just turn at certain point leaving CS pointing up or down here and there. Those CS that points up or down is a clue to where the arrow is going.
ALL TALK NO ACTION IS BORING
Now lets see some example, refer the last NzdUsd Hourly charts that I posted on Trade of The Day. Look at the drop when NU breaks the red line. Long candlestick pointing down. Meaning it is at full speed and will not stop. At the 1st correction, we can see that the lowest CS is a bull CS but because the bull CS is shorter than the previous CS, it dont have enough force to stop the arrow instead it only slowed it down. Then we can see all the next correction has bear CS pointing down including the last low CS is a bear meaning price will break the last low but it is slowing down. At this point, it is a very good idea to exit for us technical small fish else we may get fried during price swing.
According to NU charts, I forecast that NU will break the last low of 0.7834 and will make it way to 0.7800. This is because turing point usually happens at big numbers as the last turning point happens at 0.8100. My theory on this behaviour is that master traders that have lots of money are so busy counting money, they dont bother looking at price with small number at the back. So they focus on big numbers such as 0.8100, 0.7800 or the least 0.7850. Those 2 digit at the back is what we small fish are eating but they take the 1st 3 digit. How small and insignificant are we??
eur/usd downside trend
Euro rebounded from levels around 1.3400 due to the positivity of momentum indicators, where it neared the retest level once again around 1.3575.
SMA 50 is around this level, alongside Stochastic gradually losing bullish momentum and thereby making us expect a bearish intraday direction after touching the highlighted retest level, where awaited targets start at 1.3400 then 1.3365. Note that the sensitivity of the targeted levels, where continuing its stance in front of the pair’s descend will help trading return within the bullish trend once again, while the effect of the bearish technical pattern mentioned in our previous reports will end.
The trading range for today is among the key support at 1.3365 and the key resistance at 1.3615.
The short term trend is to the upside as far as the daily closing is above 1.2795 remains intact with targets at 1.5135.
Original post blogged on b2evolution.
FREE FOREX SIGNAL 13 MAY 2008
Long GbpUsd @ 1.9450 or better
SL This is the hard part. Figure it out yourself
EurGbp
Short EurGbp @ 0.7950 or better
SL on your own
EurGbp has just reach its peak. Now it is entering ranging zone. So we could see a few swing before a new trend emerge. Furthermore it may make a new high. The entry that Ive given is based on current time.
GbpUsd has been swinging for the past few days and has hold its low. If it failed to break the last low, it will have to make it way up. Hopefully
Eur/usd
We keep short for today at 1.3860 looking for 1.3750 .......sell sp500 1312
Original post blogged on b2evolution.
DAILY FOREX RECOMMENDATION
Posted on August 25th, 2008 by Jafar
USD/JPY - 20 pip trail
Buy @ 110.31 SL110.02 TP110.61
Sell @ 109.80 SL110.12 TP109.37
EUR/JPY - 25 pip trail
Buy @ 162.51 SL162.27 TP162.90
Sell @161.60 SL161.90 TP161.20
Just the two today as the UK bank holiday may make GBP pairs a little risky to take.
by Rebate Fx
Why Stocks Go Up? What Makes Stocks Rise ? How To Pick Stocks
Introduction to Broker Dealer Canada
As a Forex Dealer, FX|Clearing is required by law to collect from individuals personal information such as: name, date of birth, addresses, occupation, and a copy of federal documents. Personal information supplied to FX|Clearing is confidential and FX|Clearing will not sell or in any way distribute such information provided to FXClearing to any third parties unless authorized to do so by the individual or as required by the Financial Transactions and Reports Analysis Centre of Canada (“FinTRAC”) or other applicable regulations.
FX|Clearing is also required by law to be sensitive to “suspicious activities” and “suspicious transactions” which activities and transactions FX|Clearing must report to FinTRAC and FX|Clearing must be sensitive to terrorist activities of individuals, entities, and countries identified by the United Nations and other national and international agencies.
For more information about introduction to broker dealer you can visit my other posted about introduction to broker dealer or you can contact me as legal introduction broker
Where To Find A Good Forex Trading Education
Back To Trading
The last 2 signal of GbpChf and EurGbp has given some profit. Its time to exit untill a new signal is generated. This is because in long term trend is the opposite of the signal Ive given.
I will post signal next week when the market open to avoid holding -ve post due to trend continuation. See you next week
FREE FOREX SIGNAL 13 MAY 2008
Long GbpUsd @ 1.9450 or better
SL This is the hard part. Figure it out yourself
EurGbp
Short EurGbp @ 0.7950 or better
SL on your own
EurGbp has just reach its peak. Now it is entering ranging zone. So we could see a few swing before a new trend emerge. Furthermore it may make a new high. The entry that Ive given is based on current time.
GbpUsd has been swinging for the past few days and has hold its low. If it failed to break the last low, it will have to make it way up. Hopefully
Broker Registration For Introducing Broker
Forex introducing broker can either be “independent” or “guaranteed.” The following is an overview of the requirements for a forex IB to broker registration with the CFTC and become a member of the NFA.
Independent IBs are those firms which are independent of any particular forex dealer/FCM and who may introduce to any forex dealer/FCM. Because such IBs are not guaranteed by a particular forex dealer/FCM, such IBs must have a $45,000 net capital requirement which must be maintained at all times.
Guaranteed IBs are those firms which have, generally, an exclusive relationship with a particular forex dealer/FCM. The Guaranteed IB can only introduce clients to the guaranteeing forex dealer/FCM. Because such IBs are guaranteed by the forex dealer/FCM, such IBs do not have a net capital requirement.
IBs will usually have other documents or agreements, such as sales or licensing agreements, which may be with either the forex dealer/FCM or with the forex client. These Broker Registration will need to be drafted or reviewed by experienced counsel.
Learning Forex Trading For Greater Profits
Introducing Registration For Broker
Checking Your Futures Broker and Forex Broker for Fraud
APPEALS COURT BREATHES NEW LIFE INTO OVERSTATED BASIS ISSUE
On several occasions, we have written about cases where courts have held that the six-year extended statute of limitations for a 25% omission of gross income from an income tax return will not apply when the unreported income arises from the taxpayer overstating his basis in a sold asset. It now appears that the IRS' dogged persistence in fighting these cases has paid off, at least in one court.
In a decision of the Seventh Circuit Court of Appeals, the court has reversed the Tax Court in its decision and held that an overstatement of basis is an omission of gross income for this purpose.
This decision is contrary to holdings in the Nine Circuit and in the Court of Appeals for the Federal Circuit. Thus, the stage is set for a possible US Supreme Court resolution of this issue.
Beard v Comm., (CA 7, 1/26/2011)
Why Stocks Go Up? What Makes Stocks Rise ? How To Pick Stocks
Azerbaijan to Supply Crude Oil to Belarus
“We signed swap deals between Azerbaijan, Belarus and Venezuela on oil supplies in the amount of 5 million tons of oil [...]
Introducing Securities Class Action Plan
Because the D&O market is still evolving in India, investor recoveries are likely to be limited further, at least initially.
Some have argued that the possibility of a securities class action deters violation of securities laws and, thus, helps protect investors.
However, this may be true only in theory, since settlements are paid by D&O insurance, potentially reducing the consequences to corporations of misrepresentations and violations of the law.
In conclusion, based on the data from thousands of US settlements over the last decade, it is reasonable to assume that introducing securities class actions and introducing broker in India will do little to protect investors or help them recover a meaningful fraction of the losses suffered. More likely, we would see a potential expansion in the market for D&O insurance ? and a proliferation of lawsuits.
Thus, from a policy perspective, it may be better to expend resources to improve Sebi?s capabilities in monitoring and investigating financial disclosures by firms in order to improve the quality of public disclosure by firms.
A well-funded, proactive regulator, with a proven ability to punish perpetrators of securities fraud, is more likely to be a more effective means to ensuring investor protection than the introduction securities class action.
News
We can see this morning 1.3775 eur/usd which is a nice level to sell the euro and wait as the crisis in the Arabic world is not finished the Usd should go up a little as well as Crude oil and Gold , Stocks downside trend if the SP500 breaks 1294 we would enter short strongly as well in Dax 7150 is a good level to short....
Original post blogged on b2evolution.
NEW OFFSHORE VOLUNTARY DISCLOSURE INITIATIVE
About 15,000 taxpayers came forward in 2009 in an amnesty initiative that allowed taxpayers to come clean on offshore holdings and unreported offshore income. The IRS has now introduced a similar initiative that will run through August 31, 2011.
The principal benefits to taxpayers for using the program are avoiding criminal penalties, and limits on overall penalties that might otherwise apply (such as near-confiscatory FBAR penalties).
Some key points:
--A 25% penalty will be imposed on the highest balance during the unreported period in foreign bank accounts/entities or the value of unreported assets. This is compared to the 20% penalty under the prior initiative. Under limited circumstances, the 25% penalty may be reduced to 12.5% or 5%. The 25% penalty is in addition the 20% accuracy-related penalties under Code �6662(a) for any tax underpayments that occurred, Code �6651(a)(1) failure to file penalties, and Code �6651(a)(2) failure to pay penalties.
--Tax years covered are 2003-2010.
--Taxpayers will need to provide previously filed returns, and provide missing or required complete and amended returns, for 2003-2010.
--If a civil exam is already under way, the program is not available.
--Simplified PFIC reporting mechanisms are provided for.
Presumably, most taxpayers interested in this type of relief would have participated in the 2009 program. However, within several days of the new program, we have already seen new clients interested in participating in the new program in our office.
2011 Offshore Voluntary Disclosure Initiative, Frequently Asked Questions and Answers
FOREX SIGNAL 31.07.2008
EUR/USD
Trading range: 1.5565 - 1.5655
Trend: Upward
Buy at 1.5575 SL 1.5543 TP 1.5642
USD/JPY
Trading range: 108.10 - 107.30
Trend: Downward
Sell at 108.00 SL 108.32 TP 107.38
GBP/USD
Trading range: 1.9770 - 1.9875
Trend: Upward
Buy at 1.9783 SL 1.9751 TP 1.9861
USD/CHF
Trading range: 1.0490 - 1.0395
Trend: Downward
Sell at 1.0477 SL 1.0509 TP 1.0403
by iForex Daily Forecast
NEW OFFSHORE VOLUNTARY DISCLOSURE INITIATIVE
About 15,000 taxpayers came forward in 2009 in an amnesty initiative that allowed taxpayers to come clean on offshore holdings and unreported offshore income. The IRS has now introduced a similar initiative that will run through August 31, 2011.
The principal benefits to taxpayers for using the program are avoiding criminal penalties, and limits on overall penalties that might otherwise apply (such as near-confiscatory FBAR penalties).
Some key points:
--A 25% penalty will be imposed on the highest balance during the unreported period in foreign bank accounts/entities or the value of unreported assets. This is compared to the 20% penalty under the prior initiative. Under limited circumstances, the 25% penalty may be reduced to 12.5% or 5%. The 25% penalty is in addition the 20% accuracy-related penalties under Code �6662(a) for any tax underpayments that occurred, Code �6651(a)(1) failure to file penalties, and Code �6651(a)(2) failure to pay penalties.
--Tax years covered are 2003-2010.
--Taxpayers will need to provide previously filed returns, and provide missing or required complete and amended returns, for 2003-2010.
--If a civil exam is already under way, the program is not available.
--Simplified PFIC reporting mechanisms are provided for.
Presumably, most taxpayers interested in this type of relief would have participated in the 2009 program. However, within several days of the new program, we have already seen new clients interested in participating in the new program in our office.
2011 Offshore Voluntary Disclosure Initiative, Frequently Asked Questions and Answers
Futures Trading Courses
Futures trading are defined as a standardized contract that states that a commodity, bond, currency, or stock index, will be delivered at a specified price, on a specified [...]
Lukashenko Wins His Fourth Election
Early Monday the state electoral commission said Lukashenko had won 79.7 percent with Sannikov, his closest rival, garnering only 1.6 percent.
Belarus police Monday arrested hundreds of protestors. [...]
Signal is getting close
This week I will be looking at AudUsd, NzdUsd and AudJpy very close. Looking at things a new signal may appear tomorrow. For today, its time to rilex.
IRS SAYS IT IS READY NOW FOR 2010 RETURNS
On December 30, 2010, the IRS advised certain taxpayers to wait until mid or late February, 2011 to file their income tax returns for 2010. This was because the IRS needed time to reprogram its computers to reflect the 2010 Tax Leave Act's changes. Taxpayers that were affected by the delay are those claiming:
--Itemized deductions on Schedule A;
--above-the-line deductions for higher education tuition and fees; and
--about-the-line deductions for kindergarten through grade 12 educators with out-of-pocket classroom expenses of up to $250.
In a January 20, 2011 news release, the IRS has announced that such returns can be submitted for processing on or after February 14, 2011. Taxpayers using commercial software can check with their providers, since many of those companies will accept returns prior to that date and hold them for submission to the IRS on February 14.
News Release 2011 ? 7
Stocks
Keep short in cac40 , enter short in march future sp500 at 1321 and enter short eur/usd 1.3884
Original post blogged on b2evolution.
Seven Tips About Rental Income and Expenses
You generally must include in your gross income all amounts you receive as rent. Rental income is any payment you receive for the use of or occupation of property. Expenses of renting property can be deducted from your gross rental income. You generally deduct your rental expenses in the year you pay them. Publication 527, Residential Rental Property, includes information on the expenses you can deduct if you rent property.
1. When to report income. You generally must report rental income on your tax return in the year that you actually receive it.
2. Advance rent. Advance rent is any amount you receive before the period that it covers. Include advance rent in your rental income in the year you receive it, regardless of the period covered.
3. Security deposits. Do not include a security deposit in your income when you receive it if you plan to return it to your tenant at the end of the lease. But if you keep part or all of the security deposit during any year because your tenant does not live up to the terms of the lease, include the amount you keep in your income in that year.
4. Property or services in lieu of rent. If you receive property or services, instead of money, as rent, include the fair market value of the property or services in your rental income. If the services are provided at an agreed upon or specified price, that price is the fair market value unless there is evidence to the contrary.
5. Expenses paid by tenant. If your tenant pays any of your expenses, the payments are rental income. You must include them in your income. You can deduct the expenses if they are deductible rental expenses. See Rental Expenses in Publication 527, for more information.
6. Rental expenses. Generally, the expenses of renting your property, such as maintenance, insurance, taxes, and interest, can be deducted from your rental income.
7. Personal use of vacation home. If you have any personal use of a vacation home or other dwelling unit that you rent out, you must divide your expenses between rental use and personal use. If your expenses for rental use are more than your rental income, you may not be able to deduct all of the rental expenses.
For more information on rental income and expenses see Publication 527. This publication can be downloaded from http://www.irs.gov or ordered by calling 800-TAX-FORM (800-829-3676).
eur/usd downside trend
Euro rebounded from levels around 1.3400 due to the positivity of momentum indicators, where it neared the retest level once again around 1.3575.
SMA 50 is around this level, alongside Stochastic gradually losing bullish momentum and thereby making us expect a bearish intraday direction after touching the highlighted retest level, where awaited targets start at 1.3400 then 1.3365. Note that the sensitivity of the targeted levels, where continuing its stance in front of the pair’s descend will help trading return within the bullish trend once again, while the effect of the bearish technical pattern mentioned in our previous reports will end.
The trading range for today is among the key support at 1.3365 and the key resistance at 1.3615.
The short term trend is to the upside as far as the daily closing is above 1.2795 remains intact with targets at 1.5135.
Original post blogged on b2evolution.
FOREX SIGNAL 16.07.2008
EUR/USD
Trading range: 1.5870 - 1.5860
Trend: Upward
Buy at 1.5882 SL 1.5850 TP 1.5949
USD/JPY
Trading range: 104.80 - 103.90
Trend: Downward
Sell at 104.66 SL 104.98 TP 104.04
GBP/USD
Trading range: 1.9995 - 2.0095
Trend: Upward
Buy at 2.0005 SL 1.9973 TP 2.0083
USD/CHF
Trading range: 1.0125 - 1.0030
Trend: Downward
Sell at 1.0114 SL 1.0146 TP 1.0040
by iForex Daily Forecast
IRS Responds to Taxpayer Concerns About Inadequate Notification on Whether to File Form 941 or Form 944
A recent IRS notice notes that some employers have expressed concern that they are being switched to filing Forms 941 from Form 944 without being notified that the change was made until several quarters later. This is causing frustration and complications for employers. There are concerns both ways ? either they are required to file Forms 941 and they file Form 944, or vice versa. The problem is that they are not notified of the change until after the fact and time and money are wasted to make all the corrections.
IRS response to taxpayer concerns. The IRS notes that it considers the timing of filing requirement changes when it issues notices to employers requiring them to file Forms 941 rather than Form 944. In some instances, the IRS has allowed the employer to file Form 944 for the current year, even if it is not technically correct to do so. The key factor in making the decision is the date on which the IRS discovered that the employer was no longer eligible to file Form 944. If that date is early enough in the current year (generally by the first week of March), the IRS will send Notice CP 250A to the employer to let the employer know that it must file Forms 941 for the current year instead of Form 944. However, if the IRS doesn't discover that an employer is ineligible to file Form 944 until past the CP 250A cut-off date, it will send Notice CP 250B to the employer to let the employer know that it should file Form 944 for the current year and Form 941 beginning in the next year [IRS Issue Management Resolution System (IMRS) 10-0001344, Form 944/941 Filing Requirement Notifications].
Introducing FINRA Regulatory
FINRA is dedicated to investor protection and market integrity through effective and efficient regulation and complementary compliance and technology-based services.
FINRA is the largest non-governmental regulator for all securities firms doing business in the United States, overseeing nearly 5,100 brokerage firms, about 174,000 branch offices and more than 672,000 registered securities representatives.
see Also my posted about introducing FINRA and introducing FINRA mean
Mongolia to Sort-Out Gold Mining Licenses
The suspended gold projects were said to contravene the country’s new Water and Forest Law, which bans mining activities in water basins and forest areas of the landlocked country, where [...]
PERFORMANCE JULY 2008
I hope all of you had a good month of trading this month. My system generated a total of 17 signal this month with accuracy of over 90%. Attached is my statement for this month. Feel free to study it.
PROVISIONS OF THE NEW TAX ACT ? FOREIGN PROVISIONS
Unlike the transfer tax area, only modest changes were made to the foreign provisions of the Internal Revenue Code. Continuing our review of the changes, below is a summary of the new provisions, most of which relate to temporary extensions of various favorable rules. For what they are worth (which may be quite a lot to those few taxpayers that are impacted), here they are:
A. The Subpart F exception for active financing income is extended. The temporary exclusions will apply to tax years of a foreign corporation beginning after Dec. 31, 1998 and before Jan. 1, 2012, and to tax years of U.S. shareholders with or within which such tax years of foreign corporations end.
B. The look-through treatment for payments between related controlled foreign corporations under the foreign personal holding company income rules are extended through 2011.
C. The withholding tax exemption for RIC interest-related dividends and short-term capital gains dividends paid to foreign persons is extended for tax years beginning in 2010 and 2011. Also, the inclusion of RICs in the definition of qualified investment entity is extended for certain FIRPTA purposes through 2011.
D. The IRS authority to reduce withholding rate to 15% on USRPI gains passed through to foreign persons by U.S. partnerships, trusts or estates is extended through 2012.
E. Gain recognition expansion for Code �684 for transfers to nonresident aliens at death and to foreign grantor trusts that were to apply in 2010 will apply only to the extent the election is made to not have the estate tax apply.
F. The allowance of Code �199 deduction for Puerto Rico activities is retroactively extended two years to taxpayer's first six tax years beginning after 2005.
G. The possessions tax credit for American Samoa is extended through 2011 for existing claimants.
Questions To Ask When Hiring A Tax Lawyer Michigan
Forex Signals ? EUR/USD Bulls Keep Pushing
Recap: Slow day yesterday, but it always is after a holiday. I had a single-lot long from 1.2500 yesterday (taken before yesterday?s signal, it never dropped back down for anyone to re-enter) which I closed at 1.2600 for 100 pips profit. Bulls were able to push forward against yesterday pushing the pair up nearly 180 pips from low to high before stalling out around 1.2660.
Daily Outlook: I get a sinking feeling every time I go long in this market as the long-term trend is down, however for my day trading I have to go with the direction of the shorter-term trend and this short-term trend is definitely bullish.
We just closed out a bullish head and shoulders pattern on the daily charts, the pair continues to make higher highs and higher lows and we may have just entered a bullish channel.
Watch out for Eurozone economic numbers on the forex calendar tomorrow.
Trading Idea: The bottom of the bullish channel offers some good risk/reward setups with the support currently between 1.2500-1.2530. From 1.2515 targets would be 1.2540, 1.2570, 1.2600 and 1.2630 for 115 pips profit. A close below 1.2470 on 4h chart negates the trade (this is also where I will look to hide a stop).
Beyond that the most conservative trade would be to wait for a pullback to the 1.2400 support with targets up to 1.2600 for 200 pips (good risk/reward setups off this level).
The most aggressive trade would be a long off of 1.2570 as this is the neckline area of the head and shoulders pattern. A close below this level on the daily charts indicates the neckline breakout was false and the head and shoulders signal was invalid.
Illinois in pilot to aid small manufacturers
Federal officials on Wednesday announced a $4.5 million pilot program to help small and medium manufacturers in Illinois and three other Great Lake states use supercomputing technology to speed product design.
The public-private partnership will assist firms in Illinois, Indiana, Michigan and Ohio, officials said.
Commerce Secretary Gary Locke told reporters Wednesday that using high-performance computing technology would ?revolutionize? manufacturing processes. For small- and medium firms, the typical duration of the development cycle for new products will be reduced to eight months from 14, he said.
The money was awarded to the Council on Competitiveness, a Washington-based group of business, labor and university officials. It will be used to create the National Digital Engineering and Manufacturing Consortium. The consortium will use the money to develop software, purchase time on supercomputers and train manufacturers, officials said.
Deborah Wince-Smith, president and chief executive of the Council on Competitiveness, said the four states were chosen for the pilot because they represent ?the heartland of America?s manufacturing process,? where products such as advanced batteries and next-generation vehicles are being built.
Council Senior Vice President Cynthia McIntyre said the money will be used to ?develop a cadre of trainers and educators to go out in the field to the enterprises to educate them on the use of various software packages ? for their competitive advantage.? She invited companies seeking more information to contact her at 202-969-3406.
The large manufacturers involved include the Illinois-based equipment maker Deere & Co., officials said. Other state participants are the National Center for Supercomputing Applications at the University of Illinois at Urbana-Champaign and Argonne National Laboratory.
Funding for the pilot includes $2 million from Commerce Department?s Economic Development Administration. The rest comes from private-sector partners including General Electric Co., Lockheed Martin and Procter & Gamble, along with Purdue University and State of Ohio.
Are Day Trading Futures Right For You?
There are several questions that you need to consider before deciding if trading futures might work for you. It is the intent of this article to go over several of these [...]
DAILY FOREX RECOMMENDATION
Friday, 29 August 2008 - 6:00 AM GMT
EUR/USD
Trading range: 1.4770 - 1.4680
Trend: Downward
Sell at 1.4758 SL 1.4790 TP 1.4691
USD/JPY
Trading range: 109.30 - 108.50
Trend: Downward
Sell at 109.20 SL 109.52 TP 108.58
GBP/USD
Trading range: 1.8355 - 1.8250
Trend: Downward
Sell at 1.8341 SL 1.8373 TP 1.8263
USD/CHF
Trading range: 1.0925 - 1.1025
Trend: Upward
Buy at 1.0938 SL 1.0906 TP 1.1012
by iForex
29th August Breakout Signals
Posted on August 29th, 2008 by Jafar
USD/JPY - 20 pip trail
Buy @ 109.39 SL109.09 TP109.77
Sell @ 108.92 SL109.22 TP108.67
EUR/JPY - 25 pip trail
Buy @ 161.31 SL160.91 TP161.79
Sell @ 160.59 SL161.03 TP159.99
GBP/JPY - 40 pip trail
Buy @200.59 SL200.19 TP201.20
Sell @ 199.58 SL200.09 TP198.95
GBP/CHF - 40 pip trail
Buy @ 2.0110 SL2.0050 TP2.0170
Sell @2.0030 SL2.0080 TP1.9959
by Rebate Forex
FREE FOREX SIGNAL 23 JULY 2008
Short Gbp/Jpy @ 213.90 or better
eur/usd downside trend
Euro rebounded from levels around 1.3400 due to the positivity of momentum indicators, where it neared the retest level once again around 1.3575.
SMA 50 is around this level, alongside Stochastic gradually losing bullish momentum and thereby making us expect a bearish intraday direction after touching the highlighted retest level, where awaited targets start at 1.3400 then 1.3365. Note that the sensitivity of the targeted levels, where continuing its stance in front of the pair’s descend will help trading return within the bullish trend once again, while the effect of the bearish technical pattern mentioned in our previous reports will end.
The trading range for today is among the key support at 1.3365 and the key resistance at 1.3615.
The short term trend is to the upside as far as the daily closing is above 1.2795 remains intact with targets at 1.5135.
Original post blogged on b2evolution.
Who is Willcare??
After searching the internet, I found nothing on his trade method. No a single article or picture giving a view of his method. Some people say he is a millionare but for me its no surprise.
He charge RM1200.00 to attend his class and limits the number of students to 50 per class. Last month he ran 8 classes. Lets do the math shall we.
1200 X 50 X 8 = RM480,000.00
That is his income for last month. Do that 3 months and you are a sure millionaire. Simple and easy as abc - 123.
The logic is if you are a millionaire born out of forex why go to the trouble of going all over malaysia and teaching. Wouldnt it be easier just to trade. After all trading forex made you a millionaire.
If you are a millionaire born out of forex, why charge so high and making it available to everyone. Your system claims to have 300 - 500 pip a day. If you trade only 10% of your capital that is a return of 30% - 50% a day. Do the math for a month and you have 900% - 1500% a month return. Thats a lot of money no matter how you look at it. With that much money, why charge RM1,200.00 for the class or money is never enough. If money is never enough, then forex is a wrong place to start with let alone teaching it to someone else.
Anyway this is only my view on someone who claims to be a millionaire born out of trading forex. There are a few forex millionaire and none that I know of giving class with such a high price. I even had an offer from a forex millionaire to learn from him with the price of nothing. Just go see him and he will teach how to trade and be like him and pay nothing in return. Because the money I am going to pay him is nothing compared to what he has now.
FX Broker Reviews and Ratings
Currency Trading Tips ? A Beginner?s Guide to Currency Trading
Eur/usd
EURO (MAR) 02/02/2011: Rising stochastics at overbought levels warrant some caution
for bulls. The market's close above the 9-day moving average suggests the short-term
trend remains positive. With the close over the 1st swing resistance number, the
market is in a moderately positive position. The next upside target is 139.47.
The market is becoming somewhat overbought now that the RSI is over 70. The next
area of resistance is around 139.04 and 139.47, while 1st support hits today at
137.50 and below there at 136.39.As we said a few days ago 1.3815 has been touched.
We should be carefull nevertheless the trend remains upside
Original post blogged on b2evolution.
eur/usd downside trend
Euro rebounded from levels around 1.3400 due to the positivity of momentum indicators, where it neared the retest level once again around 1.3575.
SMA 50 is around this level, alongside Stochastic gradually losing bullish momentum and thereby making us expect a bearish intraday direction after touching the highlighted retest level, where awaited targets start at 1.3400 then 1.3365. Note that the sensitivity of the targeted levels, where continuing its stance in front of the pair’s descend will help trading return within the bullish trend once again, while the effect of the bearish technical pattern mentioned in our previous reports will end.
The trading range for today is among the key support at 1.3365 and the key resistance at 1.3615.
The short term trend is to the upside as far as the daily closing is above 1.2795 remains intact with targets at 1.5135.
Original post blogged on b2evolution.
FOREX Brokers ? What I Learned as a Broker Trading 5,000 Clients
I will reveal who won, who lost, how we made money and how we treated them.
Futures Brokers
I joined as a rather green salesman and had no idea about the reality of forex [...]