FORES TREDING IN PAKISTAN

Let us make some observations of ability from a trader’s point of view.

We all know that the market is unpredictable - no one knows exactly where the price will go. We can get help from technical analysis and fundamental analysis to analyze the movement of the market. The nature of the market gives birth to three types of traders – “Casino Traders“, “Bookworm Traders“, and “Educated Traders“. We will take a closer look at the difference between these three types of traders.

1. “Casino Traders”

“Casino Traders” are traders making decisions based on instinct alone. Such traders always have two scenarios to expect – 1) the price is going to go down, or 2) the price is going to go up. This way of approaching the market is very similar to gambling, but the trader may still adapt and even win – for a price. Based on his/her experience, they might choose to enter, or watch the market for a hint of movement before taking an action - unfortunately the direction of the market is very unpredictable and can be misleading.

“Casino Traders” will do their best to follow the trend, but without understanding how a trend works, they will only have past price history to judge by, so they will learn the characteristics of a pair by observing the historical movement. “Casino Traders” may also employ some type of oscillating indicator to indicate when the instrument is overbought or oversold, to help them decide whether to buy or sell, without any clear idea of the entry, exit, and stop loss levels. They will ether if they feel the time is right to open a position, and exit when they feel the price will no longer move in the right direction. As you may expect, most “Casino Traders” do not last long on the market.

2.“Bookworm Traders”

Another kind of trader, the “Bookworm Trader”, has gained forex knowledge from researching free resources available across the web, participating on forex forums, reading free e-books, and other materials. They will spend time creating, testing, and revising trading systems and strategies, and reading other traders’ ideas, but in the end, such traders still typically learn by trial and error - and it may be a very long time before they are ready to trade confidently. Some of them use their live accounts to test whether their system works or not – and many get their account burnt away. The better, luckier “Bookworm Traders” will see a profit and can grow to be successful traders, but the cost of reaching that point is high.

3.“Educated Traders”

As we know, 90% of all traders end up losing, and only 10% survive as successful traders. Lets discuss how an “Educated Trader” - a trader with a formal forex education - will make their trade. Before investing money in a live account, they invest in themselves by paying tuition for professional forex education. For a few weeks they learn from the experiences of their educators and mentors, trade on their demo accounts, and absorb many important lessons that “Casino Traders” and “Bookworm Traders” learn through expensive and painful losses.

When “Educated Traders” start trading their live accounts, many continue being mentored by their educators (quality forex education often includes mentoring services and live trading rooms), letting their trading ability improve day to day, and moving down the path towards becoming a successful trader. They get a return on their initial investment in a relatively shortly time, when they begin collecting a profit from trading. By investing in themselves, they prepare themselves for many market situations that other traders are not prepared for.

The importance of Forex signals could not be overlooked, as these signals escort the most apposite entry and exit points to the market. If you, as an investor in forex trading market, are able to find best trading signal provider, you automatically become eligible to earn huge profits. Forex trading is most enchanting investment options, only if you are able to access right set of tools like trading signals. These signals mark the probability of success as well as failure for every investment in forex trading.

With every passing day, hundreds and thousands of Internet users are born. So, what are their intentions? Amongst others, one of the most tempting motives is to participate in online trading. The latest trends of online trading have made life easier for traders by providing them with the latest updates, precise information, and above all, the advantage to trade from their comfy seats.

forex

I started out with an Australian broker. Currently I am using an American one. I have not tried UK-based brokers but the British financial industry is one of the best. Companies that are based in countries such as Japan , Germany and France are probably just as good too, if their website speaks your language.

Notice any license numbers that they may have registered with regulatory bodies that act like government watchdogs who oversee the finance and investments industries. These are organizations that impose strict rules to safeguard your investment. Some of these rules may include the requirement that brokers segregate all customer funds from the operational funds of the business. Your money is required to be put in highly-reputable banks and the funds are only withdrawn from these accounts upon specific withdrawal requests.

Take note that there are some fake regulatory bodies being thrown around in cyber-space as well. Take a look at how long they have been operating for. Try and search out any reviews or comments made about them. See if you can find forums where traders have discussions about their brokers.

Below is a list of things to keep in mind to help you avoid being a victim of a scam:

• Stay Away From Opportunities That Sound Too Good To Be True

There are people who may have just acquired a large amount of money just and recently are the same and are shopping around for safe investment vehicles. These may include retirees who have access to their retirement funds. It is understandable why retirees would be drawn to ‘high-return, low-risk investments'. This is also what makes them very vulnerable. If you identify yourself to be one of these people, be careful. A lot of deceitful characters are after your money. Furthermore, only allocate a tiny amount of your money to trading until you can start growing it. Not all people can trade successfully, so it is a venture you should take on haphazardly. It is your life savings at risk.

• Be Wary Of Companies That Claim To Trade In The ‘Interbank Market'

Do not believe it when some people say that they have access to the ‘Interbank market' or that they can give you access to trade in that market because that's where bargain prices can be obtained. This is not true. The ‘interbank market' is not a place, it is not a physical building. It is simply a loose network of currency transactions that are negotiated between big financial institutions and other large companies.

• Ethnic Minorities Are Often Targeted

Ethnic newspapers and television ‘infomercials' are sometimes used to attract Russian, Chinese and Indian minorities. Sometimes these ads offer so-called ‘job opportunities for account executives to trade foreign currencies', whereby the recruited ‘account executive' is expected to use his own money to trade currencies and would often times be encouraged to recruit members like their friends and family to do the same.

• Seek Out The Company's Background

Check any information you receive to be sure that the company is who they claim to be. If at all possible, try and get the background of the people operating the company. Do not rely solely on oral statements and promises made by the company's employees.

It is useful to have a map and be able to see where the price is relative to previous market action. This way we can see how is the sentiment of traders and investors at any given moment, it also gives us a general idea of where the market is heading during the day. This information can help us decide which way to trade.

Pivot points, a technique developed by floor traders, help us see where the price is relative to previous market action.

As a definition, a pivot point is a turning point or condition. The same applies to the Forex market, the pivot point is a level in which the sentiment of the market changes from "bull" to "bear" or vice versa. If the market breaks this level up, then the sentiment is said to be a bull market and it is likely to continue its way up, on the other hand, if the market breaks this level down, then the sentiment is bear, and it is expected to continue its way down. Also at this level, the market is expected to have some kind of support/resistance, and if price can’t break the pivot point, a possible bounce from it is plausible.

Pivot points work best on highly liquid markets, like the spot currency market, but they can also be used in other markets as well.

Pivot Points

In a few words, pivot point is a level in which the sentiment of traders and investors changes from bull to bear or vice versa.

Why PP work?
They work simply because many individual traders and investors use and trust them, as well as bank and institutional traders. It is known to every trader that the pivot point is an important measure of strength and weakness of any market.

Calculating pivot points
There are several ways to arrive to the Pivot point. The method we found to have the most accurate results is calculated by taking the average of the high, low and close of a previous period (or session).

Pivot point (PP) = (High + Low + Close) / 3

Take for instance the following EUR/USD information from the previous session:

Open: 1.2386
High: 1.2474
Low: 1.2376
Close: 1.2458

The PP would be,
PP = (1.2474 + 1.2376 + 1.2458) / 3 = 1.2439

What does this number tell us?


It simply tells us that if the market is trading above 1.2439, Bulls are winning the battle pushing the prices higher. And if the market is trading below this 1.2439 the bears are winning the battle pulling prices lower. On both cases this condition is likely to sustain until the next session.

Since the Forex market is a 24hr market (no close or open from day to day) there is a eternal battle on deciding at white time we should take the open, close, high and low from each session. From our point of view, the times that produce more accurate predictions is taking the open at 00:00 GMT and the close at 23:59 GMT.

Besides the calculation of the PP, there are other support and resistance levels that are calculated taking the PP as a reference.

Support 1 (S1) = (PP * 2) – H
Resistance 1 (R1) = (PP * 2) - L
Support 2 (S2) = PP – (R1 – S1)
Resistance 2 (R2) = PP + (R1 – S1)

Where, H is the High of the previous period and L is the low of the previous period

Continuing with the example above, PP = 1.2439

S1 = (1.2439 * 2) - 1.2474 = 1.2404
R1 = (1.2439 * 2) – 1.2376 = 1.2502
R2 = 1.2439 + (1.2636 – 1.2537) = 1.2537
S2 = 1.2439 – (1.2636 – 1.2537) = 1.2537

These levels are supposed to mark support and resistance levels for the current session.

On the example above, the PP was calculated using information of the previous session (previous day.) This way we could see possible intraday resistance and support levels. But it can also be calculated using the previous weekly or monthly data to determine such levels. By doing so we are able to see the sentiment over longer periods of time. Also we can see possible levels that might offer support and resistance throughout the week or month. Calculating the Pivot point in a weekly or monthly basis is mostly used by long term traders, but it can also be used by short time traders, it gives us a good idea about the longer term trend.

Learn Forex While Making Money

Learn Forex While Making Money

With the proper education and training anyone can learn forex and generate big profits. Beginners usually spend more time playing with a calculator figuring out how much money they can make instead of learning the skills and tools they need to actually have a chance of reaching their goals.

The main reason that over 95% of traders lose money trading forex over and over again comes down to poor trading education and training regarding how difficult trading actually is and what it takes to make money consistently and not blow their accounts out. Forex trading takes a lot of planning and hard work to be successful and it is important to understand that so you can begin approaching the markets with that mindset.

Knowing how difficult it is to be successful at trading forex it makes sense that a normal forex education is not going to be enough to be profitable. The best way you can learn forex is to find an experienced trader willing to work with you and allow you to trade along side them.

Sure if you have all the time in the world you can seek out all the free information available online needed to learn how to trade profitability. Consider the for a moment the value of a free forex trading education and compare that to the value of proven forex trading school from an experienced trader and mentor.

S1, S2, R1 AND R2...? An Objective Alternative

As already stated, the pivot point zone is a well-known technique and it works simply because many traders and investors use and trust it. But what about the other support and resistance zones (S1, S2, R1 and R2,) to forecast a support or resistance level with some mathematical formula is somehow subjective. It is hard to rely on them blindly just because the formula popped out that level. For this reason, we have created an alternative way to map our time frame, simpler but more objective and effective.

We calculate the pivot point as showed before. But our support and resistance levels are drawn in a different way. We take the previous session high and low, and draw those levels on today’s chart. The same is done with the session before the previous session. So, we will have our PP and four more important levels drawn in our chart.

LOPS1, low of the previous session.
HOPS1, high of the previous session.
LOPS2, low of the session before the previous session.
HOPS2, high of the session before the previous session.
PP, pivot point.

These levels will tell us the strength of the market at any given moment. If the market is trading above the PP, then the market is considered in a possible uptrend. If the market is trading above HOPS1 or HOPS2, then the market is in an uptrend, and we only take long positions. If the market is trading below the PP then the market is considered in a possible downtrend. If the market is trading below LOPS1 or LOPS2, then the market is in a downtrend, and we should only consider short trades.

The psychology behind this approach is simple. We know that for some reason the market stopped there from going higher/lower the previous session, or the session before that. We don’t know the reason, and we don’t need to know it. We only know the fact: the market reversed at that level. We also know that traders and investors have memories, they do remember that the price stopped there before, and the odds are that the market reverses from there again (maybe because the same reason, and maybe not) or at least find some support or resistance at these levels.

What is important about his approach is that support and resistance levels are measured objectively; they aren’t just a level derived from a mathematical formula, the price reversed there before so these levels have a higher probability of being effective.

This mapping method works on both market conditions, when trending and on sideways conditions. In a trending market, it helps us determine the strength of the trend and trade off important levels. On sideways markets it shows us possible reversal levels.

How we use our mapping method?
We use the mapping method in three different ways: as a trend identification (measure of the strength of the trend), a trading system using important levels with price behavior as a trading signal and to set the risk reward ratio of any given trade based on where the is the market relative to the previous session.

About the author:
Raul Lopez is a full time Forex trader; his trades are based on a price behavior approach. Raul is also founder of http://www.straightforex.com aForex training company.

how to achieve accountability in internet advertising

how to achieve accountability in internet advertising

The internet brought with it promise of a new kind of media for advertisers: one that would be transparent, traceable, and accountable for all advertising expenditure. Theoretically, ad dollars would be translated to clicks, clicks would then be tracked down to conversions, sales , and even subsequent dollar value of acquired clients -- closing the spend-return loop to achieve a full ROI picture.

However, 15 years past the dawn of the internet, during which time huge technological advancements have taken place, we are still far away from fully realizing this vision. Why?

In this article, I will outline some of the main complications, and propose directions advertisers may consider to get closer to the original promise, and to advertising optimization.

Main challenges

1. Attribution. Which traffic source is to be credited for a conversion? Oftentimes, a user is converted after arriving multiple times at the website via diverse sources. Should the "last click" be fully credited as the source, disregarding the prior ones? Why not the first click? Or split the credit between them in this way or other? How far back should clicks be considered as part of the "click stream to conversion"?
   
   These are not easy questions to answer, and they strongly depend on specific business characteristics. Add to the equation a multitude of technical variables related to the tracking mechanisms themselves. The core issue of attributing credit to click sources is all but straightforward.
   
2. Granularity. As new advertising formats continually roll out and are refined (especially by Google) which is the "granular unit" to be attributed a success or failure and optimized accordingly? Is it a keyword, a text ad or a landing page? Is it an ad placement or banner creative?
   
   The answer is, of course, their combinations. However, analysis of this multi-dimensional environment creates a massive dataset that requires a far more complex decision-making process, and a highly powerful analysis tool and staff.
   
3. Untracked influences. Offline and online advertising do not live separately. People exposed to brands offline will interact more with the brand online, and vise versa. But the available tracking tools tell us a partial and disparate story: an online transaction generated via a certain tracked click, or a transaction at the brick and mortar cashier that just occurred.
   
   Moreover, online display advertising and social media may influence brand perception and attraction, which would not translate directly into incoming clicks, and therefore are not tracked. However, they could have influence on increased brand related searches, increased CTRs for the brand ads, and ultimately more conversions. We have seen multiple cases during periods of intense brand-related advertising activity where conversions have increased significantly. When brand advertising slows, products return to lower interest and conversion levels for branded clicks.
   
4. Lifetime client value considerations. Not all clients were born equal, as every salesperson knows. However, most direct response advertisers work by a "cost per client acquisition" (CPA) target. This means that they are willing to pay up to a certain threshold for acquiring a single client.
   
   CPA value is usually derived by predictions of lifetime client value. However, that client lifetime value may differ greatly from theme to theme, country to country, and a host of other parameters. Erroneous campaign management decisions could be made by relying too much on across-the-board CPA targets.

Interview with the famous trader Adrian Shiroma known as ¨the account duplicator¨

Interview with the famous trader Adrian Shiroma known as ¨the account duplicator¨

With only 27 years it is one of the Hispanic-Japanese promises of the forex trading of this new decade. He doesn't like ¨the duplicator¨ to call him but the certain thing is that it is able to bend the balance of a forex account with easiness.

In the phone interview Adrian could be many things about their career and their life

How so certain it is that that you duplicate the accounts?

Adrian Shiroma: I don't duplicate them, I triplicate them (laughs), I think that it is exaggerated because not all the accounts can be duplicated easily, it depends on several things: the size of the account, available markets, for example: small accounts cannot duplicate them easy, but if to give him a good profit, but the big accounts are easy to manage.

Adrian are you consents of your fame?, do you think that it is exaggerated or that you really deserve it?

Adrian Shiroma: The good things come alone when make all with love, then people request me advice, they puts me on approval and now my own clients are those that have given me that fame. But I don't believe it to me, I know that people exist better than me.

How did you begin in this?
Adrian Shiroma: Surprisingly I began with a documentary that I saw myself when I has 18 years that called ¨The divine Proportion¨, spoke on the I number golden and the persistence of this in all the proportions that are in the universe. We find it in our body, in you hoist them, plants, galaxies and recently I discovered that the physical beauty is increased to measure that its face completes these proportions.

FOREX (Foreign Exchange Market)

FOREX (Foreign Exchange Market)

The forex market is all about trading between countries, the currencies of those countries and the timing of investing in certain currencies. The FX market is trading between counties, usually completed with a broker or a financial company. Many people are involved in forex trading, which is similar to stock market trading, but FX trading is completed on a much larger overall scale. Much of the trading does take place between banks, governments, brokers and a small amount of trades will take place in retail settings where the average person involved in trading is known as a spectator. Financial market and financial conditions are making the forex market trading go up and down daily. Millions are traded on a daily basis between many of the largest countries and this is going to include some amount of trading in smaller countries as well.

From the studies over the years, most trades in the forex market are done between banks and this is called interbank. Banks make up about 50 percent of the trading in the forex market. So, if banks are widely using this method to make money for stockholders and for their own bettering of business, you know the money must be there for the smaller investor, the fund mangers to use to increase the amount of interest paid to accounts. Banks trade money daily to increase the amount of money they hold. Overnight a bank will invest millions in forex markets, and then the next day make that money available to the public in their savings, checking accounts and etc.

Commercial companies are also trading more often in the forex markets. The commercial companies such as Deutsche bank, UBS, Citigroup, and others such as HSBC, Braclays, Merrill Lynch, JP Morgan Chase, and still others such as Goldman Sachs, ABN Amro, Morgan Stanley, and so on are actively trading in the forex markets to increase wealth of stock holders. Many smaller companies may not be involved in the forex markets as extensively as some large companies are but the options are stil there.

Central banks are the banks that hold international roles in the foreign markets. The supply of money, the availability of money, and the interest rates are controlled by central banks. Central banks play a large role in the forex trading, and are located in Tokyo, New York and in London. These are not the only central locations for forex trading but these are among the very largest involved in this market strategy. Sometimes banks, commercial investors and the central banks will have large losses, and this in turn is passed on to investors. Other times, the investors and banks will have huge gains.

Different currency rates happen and change every day. What the value of the dollar may be one day could be higher or lower the next. The trading on the forex market is one that you have to watch closely or if you are investing huge amounts of money, you could lose large amounts of money. The main trading areas for forex, happens in Tokyo, in London and in New York, but there are also many other locations around the world where forex trading does take place.

The most heavily traded currencies are those that include (in no particular order) the Australian dollar, the Swiss franc, the British pound sterling, the Japanese yen, the Eurozone eruo, and the United States dollar. You can trade any one currency against another and you can trade from that currency to another currency to build up additional money and interest daily.

The areas where forex trading is taking place will open and close, and the next will open and close. This is seen also in the stock exchanges from around the world, as different time zones are processing order and trading during different time frames. The results of any forex trading in one country could have results and differences in what happens in additional forex markets as the countries take turns opening and closing with the time zones. Exchange rates are going to vary from forex trade to forex trade, and if you are a broker, or if you are learning about the forex markets you want to know what the rates are on a given day before making any trades.

The stock market Is generally based on products, prices, and other factors within businesses that will change the price of stocks. If someone knows what is going to happened before the general public, it is often known as inside trading, using business secrets to buy stocks and make money - which by the way is illegal. There is very little, if any at all inside information in the forex trading markets. The monetary trades, buys and sells are all a part of the forex market but very little is based on business secrets, but more on the value of the economy, the currency and such of a country at that time.

Every currency that is traded on the forex market does have a three letter code associated with that currency so there is no misunderstanding about which currency or which country one is investing with at the time. The eruo is the EUR and the US dollar is known as the USD. The British pound is the GBP and the Japanese yen is known as the JPY. If you are interested in contacting a broker and becoming involved in the forex markets you can find many online where you can review the company information and transactions before processing and becoming involved in the forex markets.

Pakistan Open Market Forex Rates

Posted by Forex In Globe
Labels: Pakistan Open Market Forex Rates

debt concerns persist •Oil hits new low for year as eurozone debt weighs •Pak gets $1.13b IMF tranche •Bears dominate KSE; Index slips to 10050 points •Oil above $70 after hitting 5-month low •Oil rises above $71 after 2-week sell-off •Textile ministry adamant on yarn duty •Pranab calls for increased India-Pakistan trade Pakistan Open Market Forex Rates Currency Symbol Buying Selling Charts Australian Dollar AUD 69.6 70.6 Bahrain Dinar BHD 222.2 223 Canadian Dollar CAD 79.7 80.7 China Yuan CNY 12.5 12.9 Danish Krone DKK 13.7 13.9 Euro EUR 103.7 105.4 Hong Kong Dollar HKD 10.7 11 Indian Rupee INR 1.85 1.9 Japanese Yen JPY 0.91 0.92 Kuwaiti Dinar KWD 288 289 Malaysian Ringgit MYR 25.9 26.4 NewZealand $ NZD 57.9 58.9 Norwegians Krone NOK 13.2 13.7 Omani Riyal OMR 217.4 218 Qatari Riyal QAR 22.9 23.1 Saudi Riyal SAR 22.28 22.48 Singapore Dollar SGD 59.4 60.4 Swedish Korona SEK 10.4 10.9 Swiss Franc CHF 73.4 73.9 Thai Bhat THB 2.6 2.7 U.A.E Dirham AED 22.78 22.98 UK Pound Sterling GBP 121.7 123.4 US Dollar USD 84.15 84.45