Monday, December 25, 2006

Forex Trading Basics: Supply & Demand Fundamentals - by Martin Chandra

Forex Trading Basics: Supply & Demand Fundamentals - by Martin Chandra: "The objective of currency trading is to exchange one currency for another with the expectation that the market rate or price will change such that the currency pair you have bought has appreciated in value relative to the currency you have sold.

If the currency you have bought appreciates in value and you close your open position by selling this currency, or effectively buying the currency that you originally sold, then you are locking in a profit. If the currency depreciates in value and you close your open position by selling this currency, or effectively buying the currency you have sold, then you are realizing a loss.

Cardinal Rule: All trades result in the buying of one currency and the selling of another, simultaneously.

Basic Entry & Exit Rules:"

The Year 2037 and the Internet - by Roy King

The Year 2037 and the Internet - by Roy King: "A few days ago I was surfing the Internet doing some relevant research work for the newsletter. As I clicked through endless website pages that seemed alike, I had to constantly look up at the website address bar to make sure I was not stuck on the same site. Seeking relevant information to post-up for our subscribers, I felt somewhat bored and dissatisfied. Everything appeared and seemed the same. Nothing was new or exciting. At that point I glanced at my wall calendar and looked at the year, it read 2006.

The next day, I recalled my frustrated journey online involving searching for information. I realized that my psyche was not happy with the framework of the World Wide Web.

I sat at my desk and paused awhile, I allowed my mind to drift off thinking about super-nerds, geeks, computer techs, computer engineers, software designers, and the movers and shakers of the Internet world. What were they doing today?

The scene that came directly to my mind was a selective team of Hi-tech yuppies, maybe about twenty-five of them. They had just sat down at a round cherry inlaid conference table. The wooden table was huge, water glasses and a yellow pad of paper was at each seat.

The atmosphere was relaxed and causal. One interesting fact that stood out was the look on each of their faces. Their faces reflected their definite determination.

This was an arranged rendezvous of the Super-Masterminds of the World Wide Web. Their Agenda- Take it to the next level, It's time.

Finally a door opened, a young man about thirty two years old entered the meeting room. The man was well dressed in an expensive suit, and portraying a let's get it done attitude.

Everyone sitting at the wooden table began to pick up their pens and started writing s"