...FINANCIAL FREEDOM THROUGH FOREX FINANCIAL FREEDOM THROUGH FOREX How to Harness the World’s Money Mountain and Set Yourself Financially Free Greg Secker & Chris Weaver Knowledge to Action Publishing Copyright 2010 Greg Secker & Chris Weaver ISBN 978-1-4461-4437-4 Preface There are more individual, private Foreign Exchange traders now than there have ever been, and the number is growing daily. There are three main reasons for this. The first is the advancement in technology and, in particular, the Internet. The expansion and popularity of the Internet has made it possible for everyday people to have access to the world’s largest and fastest growing marketplace (the Foreign Exchange market) through online brokerages and charting software companies. The second reason is awareness. In the past, individuals were unlikely to know anything about the Forex market because it was really an exclusive club, only for large banks trading with each other. Nowadays, anyone can trade, and people are talking about it and understanding the profound effects that successful money management and Forex trading can have on their lives. The third reason for the increase of individual participation in this market is a lack of confidence in the traditional style of investing— that is giving your money to someone you don’t know and letting them “have a play with it.” Investors have witnessed their pensions and investments underperform for far too long, and they have now decided to manage...
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...Executive Summary Speculation with Easy Forex For trading the currency in the Easy-forex, the trader should focus on the spot market (daily trading). The price of currency in spot market can change over time. This market has a lot of currencies which can trade but it is difficult to trade all currencies. So we focus to trade on some pair currencies such as USD/GBP, EUR/AUD, JPY/USD, AUD/USD and USD/EUR In our position of trading currency in Easy forex, we have to use financial instruments to analysis and identify which currency that we will get the profit. Furthermore it will have management tools to help us to manage the risk such as stop loss, take profit and limit order which we can set the limit of lost and profit that we can accept. We 30 completed transactions and the total balance in our account is AUD 46,097.96 Overall Strategy In general, the overall strategy is the news that will be announced every day. In our opinion the economic news from many the foreign exchange rate websites are the main drivers of market developments such as interest rate, Consumer Price Index, unemployment rate and inflation etc.Those factors will be the big impact to the foreign exchange market in the world economy. The technical analysis is another strategy that we usually use to predict the trend of currency from the historical statistic information in trading process. They are including the chart and technical indicators which can help the investors to identify the future trend...
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...THE COMPLETE GUIDE TO DAY TRADING A Practical Manual From A Professional Day Trading Coach Markus Heitkoetter BookSurge, LLC North Charleston, SC The opinions expressed in this manuscript are solely the opinions of the author and do not represent the opinions or thoughts of the publisher. The author represents and warrants that s/he either owns or has the legal right to publish all material in this book. The Complete Guide to Day Trading A Practical Manual From A Professional Day Trading Coach All Rights Reserved. Copyright © 2008 Markus Heitkoetter V2.0 Edited by Nicole Quinlan This book may not be reproduced, transmitted, or stored in whole or in part by any means, including graphic, electronic, or mechanical without the express written consent of the publisher except in the case of brief quotations embodied in critical articles and reviews. BookSurge, LLC http://www.booksurge.com ISBN: 978-1-4196-9563-6 PRINTED IN THE UNITED STATES OF AMERICA To my family for supporting me even in my craziest moments. Table of Contents PREFACE ........................................................................................................ IX INTRODUCTION: WHY DAY TRADING? ....................................................... XIII HOW TO GET THE MOST OUT OF THIS BOOK .............................................. XIX PART 1: DAY TRADING BASICS – WHAT YOU SHOULD KNOW .......1 WHAT IS DAY TRADING?.................................................................
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...THE COMPLETE GUIDE TO DAY TRADING A Practical Manual From A Professional Day Trading Coach Markus Heitkoetter The opinions expressed in this manuscript are solely the opinions of the author and do not represent the opinions or thoughts of the publisher. The author represents and warrants that s/he either owns or has the legal right to publish all material in this book. The Complete Guide to Day Trading A Practical Manual From A Professional Day Trading Coach All Rights Reserved. Copyright © 2008 Markus Heitkoetter V1.0 Edited by Nicole Quinlan This book may not be reproduced, transmitted, or stored in whole or in part by any means, including graphic, electronic, or mechanical without the express written consent of the publisher except in the case of brief quotations embodied in critical articles and reviews. ISBN: 978-1-4196-9563-6 PRINTED IN THE UNITED STATES OF AMERICA To my family for supporting me even in my craziest moments. Table of Contents PREFACE......................................................................................................... VIII INTRODUCTION : WHY DAY TRADING?................................................................... XI HOW TO GET THE MOST OUT OF THIS BOOK..................................................... XVII PART 1: DAY TRADING BASICS – WHAT YOU SHOULD KNOW ......................... 1 WHAT IS DAY TRADING?....................................................................................... 2 WHO SHOULD BE DAY TRADING?...
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...INDIAN INSTITUTE OF PLANNING AND MANAGEMENT BANGALORE FINANCIAL MANAGEMENT PROJECT REPORT ON STUDY OF FOREX MARKET IN INDIA AND COMAPARATIVE STUDY OF FUNDAMENTAL ANALYSIS AND TECHNICAL ANALYSIS WITH RESPECT TO HARVEST FUTURES CONSULTANTS INDIA Pvt Ltd. Submitted in partial fulfillment of requirements for the degree of Masters of Business Administration (2010-2012) affiliated to IIPM, BANGALORE Under the guidance of Prof. ZAKARIA SUBMITTED BY ABHISHEK JAIN – F10A165, DINESH REDDY F V – F09BB05, B G HARI NATH REDDY- F10A157, HARISH NAGARAJ – F10A106, RISHI KUMAR BHARGAVA – F10A134, VENKATA SWARUP KUMAR – F10A110. CERTIFICATE FROM THE GUIDE This is to certify that the project work titled “STUDY ON FOREX MARKET IN INDIA & COMPARATIVE STUDY OF FUNDAMENTAL ANALYSIS AND TECHNICAL ANALYSIS WITH RELEVANCE TO FOREX MARKET WITH RESPECT TO HARVEST FUTURES CONSULTANTS INDIA Pvt Ltd”, is a bonafide work of ABHISHEK JAIN, DINESH REDDY, HARI NATH REDDY, HARISH NAGARAJ, RISHI KUMAR BHARGAVA, VENKATA SWARUP KUMAR carried the partial fulfillment for the award of degree MASTER OF BUSINESS ADMINISTRATION of INDIAN INSTITUTE OF PLANNING & MANAGEMENT under my guidance. This project work is original and not submitted earlier for the award of any degree of any other University/Institution. Signature of Guide Name of the guide ZAKARIA, IIPM ACKNOWLEDGEMENT We would like to express our profound gratitude to all those who have been instrumental in the preparation of this project report...
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...Best Buy enters India by Francisco Polo Professor Hamid Assar International Finance – FIN535 May 22, 2012 Summary Best Buy Co., Inc. is an American specialty retailer of consumer electronics in the United States, accounting for 19% of the market. It also operates in Puerto Rico, Mexico, Canada and China. The company's subsidiaries include Geek Squad, CinemaNow, Magnolia Audio Video, Pacific Sales, and, in Canada operates under both the Best Buy and Future Shop label. Together these operate more than 1,150 stores domestically and internationally. In addition, the company operates over 100 Best Buy Express Automated Retail stores or "ZoomShops", operated by Zoom Systems, in airports and malls around the U.S. The company is headquartered in Richfield, Minnesota, United States. On March 9, 2009, Best Buy became the largest electronics retail store (online and bricks and mortar) in the eastern United States, after smaller rival Circuit City went out of business. Fry's Electronics remains a major competitor in the western United States, while Hhgregg remains competitive in the eastern United States. Many locations feature in-store pickup, which can be arranged through the company's website. As of December 28, 2008, the company operated 1,010 Best Buy Stores, 13 Magnolia Audio Video Stores (specializing in high-end electronics), 7 stand-alone Geek Squad stores, 3 Audio Visions Stores, 13 Best Buy Mobile Stores (standalone) and...
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...economics, which is often defined as ‘’the allocation of scarce resources’’. Characteristics of management Problem –solving Farm management problems fall into one of three types of production problems, each of which can be put into a form of a question: 1. What to produce? This problem involves selecting the combination of crops and livestock to be produced. Should the business produce only crops, only livestock or some combination? Which crops or crop rotation? Which livestock? The manager must then select from among the many alternatives that combination which will maximize profit or best meet some other goal. 2. How much to produce? Production is determined primarily by the number of inputs used and input level. A manager is faced with the problems of how much fertilizer and irrigation water to use, seeding rates, feeding levels, labour and machinery use, and determining the rates and levels for other inputs. Therefore the level of production and profit will be determined by the input levels selected. 3. How to produce? Many agricultural products can be produced in a number of ways. For example, beef can be produced with a high-grain ration or a high-roughage ration; pigs can be produced with large capital investment in buildings with little labour; crops can be produced with large machinery and little labour or smaller machinery and more labour. Therefore, a manager must select the appropriate combination of inputs which will minimize the cost of producing...
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...related market, in order to take advantage of small price differentials between markets Ask (Offer) Price - The price at which the market is prepared to sell a specific currency in a Foreign Exchange Contract or Cross Currency Contract. At this price, the trader can buy the base currency. In the quotation, it is shown on the right side of the quotation. For example, in the quote USD/CHF 1.4527/32, the ask price is 1.4532; meaning you can buy one US dollar for 1.4532 Swiss francs. At Best - An instruction given to a broker to buy or sell at the best rate that can be obtained. At or Better - An order to deal at a specific rate or better. B Balance of Trade - The value of a country's exports minus its imports. Bar Chart - A type of chart which consists of four significant points: the high and the low prices, which form the vertical bar, the opening price, which is marked with a little horizontal line to the left of the bar, and the closing price, which is marked with a little horizontal line of the right of the bar. Base Currency - The first currency in a Currency Pair. It shows how much the base currency is worth as measured against the second currency. For example, if the USD/CHF rate equals 1.6215 then one USD is worth CHF 1.6215 In the FX markets, the US Dollar is normally considered the 'base' currency for quotes, meaning that quotes are expressed as a unit of $1 USD per the other currency quoted in the pair. The primary exceptions to this rule are the British...
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...PROJECT REPORT A STUDY ON FOREX RISK MANAGEMENT IN INDIAN OVERSEAS BANK A PROJECT REPORT SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE AWARD OF THE DEGREE OF MASTER OF BUSINESS ADMINISTRATION Submitted by MUTHUKUMAR, S. (Reg. No. 35080344) Submitted to SCHOOL OF MANAGEMENT, SRM UNIVERSITY Under the guidance of Mr. Manikandan Assistant Professor (Sr.G.) DEPARTMENT OF BUSINESS ADMINISTRATION SRM UNIVERSITY MAY – 2010 SCHOOL OF MANAGEMENT SRM UNIVERSITY KATTANKULUTHUR, KANCHIPURAM Dt., - 603203 BONAFIDE CERTIFICATE This is to certify that this project report entitled “A Study on Forex Risk Management in Indian Overseas Bank “ is a Bonafide work done by Mr. Muthukumar S for the partial fulfillment of Master of Business Administration degree, SRM University during the period of study in the academic year 2008-2010. Internal Guide Mr. MANIKANDAN Assistant Professor (Sr.G), School Of Management, SRM University. Head of the Department Dr.JAYSHREE SURESH Dean School Of Management SRM University Submitted for the University Examination held on EXTERNAL EXAMINER DECLARATION I hereby declare that this project report entitled “A Study on Forex Risk Management in Indian Overseas Bank” submitted...
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...purchasing power from one currency to another, and determining the exchange rate. The fundamental changes in foreign exchange, or FX, market began to take form in 1970′s along with the increasing internationalization of financial transactions and the change of many economies into floating exchange rate system from fixed rate system. Over years, these changes have transformed the foreign exchange market into the world’s biggest and most dynamic market today. The daily turnover of global FX market currently amounts to many trillions of dollars. The objective behind this entire project is to get the basic understanding about an Indian foreign exchange market, Forex Instruments available in India, its functioning, Forexregulators& players. Project has emphasis more on numerical data gathered through different reliable sources to comparing and analysis the performance so far by Indian foreign market with other countries and their currencies which holds a dominant position in the global foreign exchange market. As in the rest of the world, in India too, foreign exchange market is the largest financial market in existence. The phenomenon that has dramatically changed India’s foreign exchange market was liberalization of economy started during early 90′s. Indian foreign exchange market is persistent to grow and has shown an immense potential in recent years. During the final drafting phase of this project, I have been questioned about several other related points of Forex which are...
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...foreign exchange market does not have any geographic location. The market comprises of all foreign exchange traders who are connected to each other through out the world. They deal with each other through telephones, telexes and electronic systems. The foreign exchange market operates twenty four hours a day during the business week; the only time it is silent is after the New York market closes on Friday afternoon and before the Sydney market opens on Monday morning (which would be Sunday evening New York time). In the aftermath of the Asian crisis, which curbed and restricted offshore trading in regional currencies, most derivatives markets in Asia are still in their infancy. Financial institutions trying to introduce or transplant products from mature markets to those that are lesser developed are meeting with limited success. The RBI has ushered rupee derivatives trading into the country: it has formally allowed banks and corporate to hedge against interest rate risks through the use of interest rate swaps (IRS) and forward rate agreement (FRA). According to the guidelines issued by RBI there will be no restriction on the tenure and size of the IRS and FRA entered into by banks. The IRS will also allow corporate to hedge their interest rate risks and also to provide an opportunity to swap their old high cost loans with cheaper ones. With the new guidelines in place, commercial banks, primary institutions and financial institutions can now undertake IRS and FRA as a product of...
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...EXECUTIVE SUMMARY Forecast of governmental expenditures and revenues for the ensuing fiscal year. In modern industrial economies, the budget is the key instrument for the execution of government economic policies. Because government budgets may promote or retard economic growth in certain areas of the economy and because views about priorities in government spending differ widely, government budgets are the focus of competing political interests. The budget has been announced with eight major objectives including creating employments, maintaining prices of essentials at a tolerable level, ensuring food security and extending social safety net. INTRODUCTION Forecast of governmental expenditures and revenues for the ensuing fiscal year. In modern industrial economies, the budget is the key instrument for the execution of government economic policies. Because government budgets may promote or retard economic growth in certain areas of the economy and because views about priorities in government spending differ widely, government budgets are the focus of competing political interests. A government budget is a legal document that is often passed by the legislature, and approved by the chief executive. For example, only certain types of revenue may be imposed and collected. Property tax is frequently the basis for local revenues, while sales tax may be the basis for state revenues, and income tax and corporate tax are the basis for national revenues. On 9 June 2008, the Finance...
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...Introduction 20 3.2 Research Design 20 3.3 Study Population 20 3.4 Data Collection Procedures 20 3.5 Data Analysis and Presentation 20 REFERENCES 22 APPENDICES 26 LIST OF ABBREVIATIONS CBK – Central Bank of Kenya ERV - Exchange rate volatility FOREX – Foreign Exchange FX – Foreign Exchange IFE – International Fisher Effect IFX - Income from foreign currencies as a percentage of total income IRP – Interest Rate Parity MST – Market Segmentation Theory NA - Net Assets NFXNA - Net Foreign Currency Exposure Relative to Net Assets NFX - Net Foreign Currency Exposure NSE – Nairobi Securities Exchange OS - Ownership Status or Nature of Ownership PPP – Purchasing Power Parity CHAPTER ONE: INTRODUCTION 1.1 Background The traditional role for commercial banks has been perceived to be the reduction of transactions costs and the provision of information. However, given the technological, information, and financial innovations of the last decade, risk sharing and risk management are increasingly being viewed as a major source of value creation in banking. Allen and Santomero (1997) argue that these changes have increasingly shifted banks away from their traditional...
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...HDG undertakes a risk management program. Instead, informational asymmetries, facilitation of internal contracting, and competitive pricing concerns seem to motivate hedging. How HDG hedges depends on accounting treatment, derivative market liquidity, foreign exchange volatility, exposure volatility, technical factors, and recent hedging outcomes. * Department of Finance, Kenan-Flagler Business School, The University of North Carolina at Chapel Hill, CB 3490 – McColl Building, Chapel Hill, NC 27599-3490. Voice: (919) 962-9250, Fax: (919) 962-2068, Email: gregwbrown@unc.edu. A more recent version of this document may be available from my web page: http://itr.bschool.unc.edu/faculty/browngr. I gratefully acknowledge the assistance of the treasury staff of HDG in providing data and for allocating time to this endeavor. This study also benefited from the advice and comments of John Graham, David Haushalter, Jay Hartzell, John Hund, Bernadette Minton, Daniel Rogers, Laura Starks, René Stulz, Klaus Toft, Jeremy Stein, and especially Peter Tufano....
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...TRADING PLAN TEMPLATE C o p y r i g h t © Tim Wilcox 2005 Disclaimer All reasonable steps and due diligence have been taken in preparing this document. However, it may contain ideas that are not appropriate to you or your style of trading, so do your own research and draw your own conclusions. By itself, this document will not enhance your trading performance, nor will it prevent you from incurring losses. Any losses that are incurred are the sole responsibility of each trader. Under no circumstances will I, trade2win or the contributors to the thread entitled ‘A Trading Plan – You MUST Have One!’ accept any liability for loss. TRADING PLAN TEMPLATE ©TIM WILCOX 2005 CONTENTS Introduction Page 3 TRADING PLAN OVERVIEW 1. What is a Trading Plan? 2. Who Needs a Trading Plan? 3. What Will a Trading Plan Do? 4. Before You Start . . . Page 4 Page 4 Page 5 Page 6 TRADING PLAN TEMPLATE 5. Know Yourself, Know Your Purpose 6. Trading Goals 7. Markets, Instruments & Timeframes 8. Tools of the Trade 9. Before the Market Opens . . . 10. Risk & Money Management 11. Exit Strategy 12. Trade Strategies, Setups & Entries 13. After the Market Closes . . . 14. Discipline! 15. Golden Trading Rules Page 9 Page 11 Page 12 Page 13 Page 14 Page 16 Page 21 Page 23 Page 24 Page 25 Page 26 TRADING PLAN EXAMPLES 16. Roll Up, Roll Up . . . Page 29 ‘PLAN THE TRADE - TRADE THE PLAN’ PAGE 2 OF 29 TRADING PLAN TEMPLATE ©TIM WILCOX 2005 Introduction ...
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