Tell you how to use foreign exchange transaction to make money 1000 U.S. dollar every day
Do you want to know? IT IS very simple,first you must kwon Foreign exchange student program and How does foreign exchange work?
Currently, the world's major foreign exchange market transactions daily total about 1.5-2 trillion dollars, of which, 90% of foreign exchange transactions, namely around the world established by the Exchange Bank foreign exchange trading room for foreign exchange transactions. Therefore, the foreign exchange trading room in the whole banking transactions in foreign exchange occupies a special status, the banks and financial institutions linked exchange market and customer ties. A foreign exchange dealer room functions :
(1) to master IT, customer service
(2) maintain the liquidity of
(3) increasing dealer profitability
Sunday, September 28, 2008
Thursday, September 25, 2008
What is Credit Cards ?
Credit cards, usually issued by banks, are granted to persons for borrowing money, or buying products and services, but allowing delayed payment. Put simply, credit cards are "buy now, pay later". Some of the more widely known card names include MasterCard, Visa, American Express, and Great Wall? Credit cards are not to be confused with "charge cards", such as department store cards, which require full payment of the balance before the end of the billing period. It is not a line of credit and no interest is charged. It has been estimated that there are approximately 500 million credit cards in use worldwide, which confirms the popularity of this form of consumer credit.
What is Foreign exchange trading?
The Foreign Exchange Dealings for Individual Accounts refers to the firm foreign exchange dealings conducted by the individuals through the service personnel behind the counter or through other electronic banking service methods within the time for dealings set by the Bank.
Dealings can be carried out through the service personnel behind the counter, by telephone and on self-service devices, etc. The three methods each have their advantages
Dealings at the counter can offer the good services which can be felt in a human atmosphere. It is particularly suitable for the investors who have just begun to be involved in the foreign exchange dealings for the individual accounts.
Dealings by telephone can make prompt transactions and can be done in different places. It is particularly suitable for the white-collar investors who are occupied with their work.Self-service dealings can provide substantial information with various charts for technical analysis. It is particularly suitable for the investors who are experienced in the foreign exchange dealings.
Dealings can both be made at the current market prices and on agent basis.
A dealing made as per the market price is otherwise called real-time dealing, which is concluded as per the current prices offered by the Bank.
A dealing made on agent basis is otherwise called a dealing as per offered prices, which means an investor can leave the order for a dealing to the Bank first, and when the quote the bank offers reaches the level expected by the investor, the computer system of the bank will conclude the business immediately in line with the order of the investor. A dealing made through telephone is an operating method that saves both time and energy to the fullest extent.
Dealings can be carried out through the service personnel behind the counter, by telephone and on self-service devices, etc. The three methods each have their advantages
Dealings at the counter can offer the good services which can be felt in a human atmosphere. It is particularly suitable for the investors who have just begun to be involved in the foreign exchange dealings for the individual accounts.
Dealings by telephone can make prompt transactions and can be done in different places. It is particularly suitable for the white-collar investors who are occupied with their work.Self-service dealings can provide substantial information with various charts for technical analysis. It is particularly suitable for the investors who are experienced in the foreign exchange dealings.
Dealings can both be made at the current market prices and on agent basis.
A dealing made as per the market price is otherwise called real-time dealing, which is concluded as per the current prices offered by the Bank.
A dealing made on agent basis is otherwise called a dealing as per offered prices, which means an investor can leave the order for a dealing to the Bank first, and when the quote the bank offers reaches the level expected by the investor, the computer system of the bank will conclude the business immediately in line with the order of the investor. A dealing made through telephone is an operating method that saves both time and energy to the fullest extent.
The Global Financial Crisis Of 2008
Here we are yet again in the midst of another "global economic crisis." From the hilltops of Davos, Switzerland, Morgan Stanley's permabear Stephen Roach has shouted warnings of potential economic "Armageddon." Superinvestor George Soros designated the current state of the global economy "the worst market crisis in 60 years." Bill Clinton labeled it "the biggest financial crisis since the Great Depression" —— even as global stocks responded by slumping 7.7% in January —— the worst start to an investing year since Morgan Stanley began publishing data in the 1970s.
But before you liquidate your financial assets, buy gold bullion, and move to a cave in Montana, you may wish to consider that current predictions of global economic collapse may be simply hyperbole. It has happened before. Clinton's quote above actually refers to the collapse of Long Term Capital Management in 1998 —— right before NASDAQ clocked an 88% gain in 1999. Nor does this global crisis stand up to the scrutiny of historic comparison. Remember the S&L crisis in the early '80s? It cost the U.S. economy about 3.5% of GDP —— about 5x the size of subprime write-offs so far. Or how about the dark days of 1981, when the Federal Reserve drove its key interest rate to 19% in an effort to whip inflation? Bill Clinton's "Great Depression of 1998" doesn't even merit mention.
Global Financial Crisis: The Current State of Play
Comparing economic statistics is inevitably a "glass is half empty" versus "glass is half full" kind of game. Both Pollyannas and Cassandras can marshal endless statistics to support their version of events. But since it's the Cassandras' views that are the flavor of the day, let's look at some "glass is half full" statistics on the U.S. economy.
Companies in the U.S. private sector added 130,000 jobs in January and the unemployment rate eased to 4.9%. The Institute for Supply Management's index of manufacturing activity rose to 50.7 in January —— back above the 50 threshold that indicates expansion consistent with GDP growth of roughly 2%. Nearly 93% （!） of purchasing managers said that turmoil in financial markets was having no effect on their companies' ability to obtain regular or additional financing. That situation indicates that the turmoil is restricted to Wall Street and subprime households.
True, that after rip roaring performances in Q2 and Q3, the U.S. economy has stumbled. But a look behind the headline numbers is revealing. Good news came from the consumer sector （spending increased by 2%）, business investment （jumping 7.5%）, and exports （up 3.9%）. It was declines in residential investment （down 23.9%） and in inventory investment that almost wiped out those gains. All of this indicates that the economy stands less at the precipice of the next Great Depression than at a cyclical purging of excesses —— particularly in the housing sector.
Global Financial Crisis: Professor Bernanke's Report Card
Aware that the financial crisis could spread to other sectors, the Fed has moved remarkably aggressively, cutting rates by 1.25 percentage points in eight days —— a rate-cutting spree almost unheard of in central banking history. The Fed now has cut rates five times by a cumulative 2.25 percentage points —— and there is no sign that the Fed is done. Thanks to the maneuverings of Hank Paulson, George Bush soon will sign a bill that will pump some $150 billion into the American economy for U.S. consumers to spend. That kind of coordination between fiscal and monetary authorities is as unprecedented as it is both prompt and impressive.
Sure, the Cassandras are vilifying the Fed's actions. Bernanke has been criticized for everything from pandering to Wall Street traders to still being behind the curve. But opinions are like a nose —— everybody has one. The current din of criticism against Bernanke is a lot like baseball fans, screaming "throw the bum out" at the game or venting their frustrations on post-game AM radio talk shows. But it's a lot easier to criticize than to step up to home plate and swing the bat. The reality is that few of Bernanke's most vitriolic critics were even smart enough to make it into an introductory economics class taught by Bernanke at Princeton —— let alone to run the world's most influential Central Bank. And to assume that Fed policy is based on responses to such criticism would be as absurd as for baseball star Alex Rodriguez to walk over and hand his bat to an obnoxious, beer-swilling critic in the bleachers of Yankee Stadium to take his place at home plate. Thankfully, airline pilots guiding a plane through rough turbulence play to a less vociferous crowd.
Here's the reality. Neither Bernanke's interest rate cuts nor the federal stimulus package likely will hit the policy nail right on the head. But no real-time decision making is perfect. As John Maynard Keynes, himself an academic with plenty of real world experience, observed: "It's better to be approximately right than exactly wrong." The Fed can't stop a downturn, but it can help it be short and shallow. This is a complex, fast-changing situation. Let's give the Fed and the U.S. government some credit for acting swiftly and decisively.
Global Financial Crisis: The Investment Strategy of the World's Top Traders
So are things really that bad? What has gotten lost in the din is that credit markets have returned to normal. Foreclosures are at record levels, but aren't as numerous as originally forecast. And even if policy responses by the Fed only slow the rate of decline in U.S. housing prices, that alone will already have a dramatic impact on U.S. economic growth. And the Fed has shown that it is willing to act quickly to reverse course and hike interest rates once it is clear that the economy is through this bout of weakness.
Uncertainty means that it is reasonable to pull your horns in a bit —— and diversify away from stocks, emphasizing a diverse group of assets that are less correlated to the stock market. The top hedge managers I know are more focused on playing defense until the dust settles. The most bullish signal is that investors are almost uniformly bearish. And it is precisely during periods of panic that the greatest fortunes are made.
But before you liquidate your financial assets, buy gold bullion, and move to a cave in Montana, you may wish to consider that current predictions of global economic collapse may be simply hyperbole. It has happened before. Clinton's quote above actually refers to the collapse of Long Term Capital Management in 1998 —— right before NASDAQ clocked an 88% gain in 1999. Nor does this global crisis stand up to the scrutiny of historic comparison. Remember the S&L crisis in the early '80s? It cost the U.S. economy about 3.5% of GDP —— about 5x the size of subprime write-offs so far. Or how about the dark days of 1981, when the Federal Reserve drove its key interest rate to 19% in an effort to whip inflation? Bill Clinton's "Great Depression of 1998" doesn't even merit mention.
Global Financial Crisis: The Current State of Play
Comparing economic statistics is inevitably a "glass is half empty" versus "glass is half full" kind of game. Both Pollyannas and Cassandras can marshal endless statistics to support their version of events. But since it's the Cassandras' views that are the flavor of the day, let's look at some "glass is half full" statistics on the U.S. economy.
Companies in the U.S. private sector added 130,000 jobs in January and the unemployment rate eased to 4.9%. The Institute for Supply Management's index of manufacturing activity rose to 50.7 in January —— back above the 50 threshold that indicates expansion consistent with GDP growth of roughly 2%. Nearly 93% （!） of purchasing managers said that turmoil in financial markets was having no effect on their companies' ability to obtain regular or additional financing. That situation indicates that the turmoil is restricted to Wall Street and subprime households.
True, that after rip roaring performances in Q2 and Q3, the U.S. economy has stumbled. But a look behind the headline numbers is revealing. Good news came from the consumer sector （spending increased by 2%）, business investment （jumping 7.5%）, and exports （up 3.9%）. It was declines in residential investment （down 23.9%） and in inventory investment that almost wiped out those gains. All of this indicates that the economy stands less at the precipice of the next Great Depression than at a cyclical purging of excesses —— particularly in the housing sector.
Global Financial Crisis: Professor Bernanke's Report Card
Aware that the financial crisis could spread to other sectors, the Fed has moved remarkably aggressively, cutting rates by 1.25 percentage points in eight days —— a rate-cutting spree almost unheard of in central banking history. The Fed now has cut rates five times by a cumulative 2.25 percentage points —— and there is no sign that the Fed is done. Thanks to the maneuverings of Hank Paulson, George Bush soon will sign a bill that will pump some $150 billion into the American economy for U.S. consumers to spend. That kind of coordination between fiscal and monetary authorities is as unprecedented as it is both prompt and impressive.
Sure, the Cassandras are vilifying the Fed's actions. Bernanke has been criticized for everything from pandering to Wall Street traders to still being behind the curve. But opinions are like a nose —— everybody has one. The current din of criticism against Bernanke is a lot like baseball fans, screaming "throw the bum out" at the game or venting their frustrations on post-game AM radio talk shows. But it's a lot easier to criticize than to step up to home plate and swing the bat. The reality is that few of Bernanke's most vitriolic critics were even smart enough to make it into an introductory economics class taught by Bernanke at Princeton —— let alone to run the world's most influential Central Bank. And to assume that Fed policy is based on responses to such criticism would be as absurd as for baseball star Alex Rodriguez to walk over and hand his bat to an obnoxious, beer-swilling critic in the bleachers of Yankee Stadium to take his place at home plate. Thankfully, airline pilots guiding a plane through rough turbulence play to a less vociferous crowd.
Here's the reality. Neither Bernanke's interest rate cuts nor the federal stimulus package likely will hit the policy nail right on the head. But no real-time decision making is perfect. As John Maynard Keynes, himself an academic with plenty of real world experience, observed: "It's better to be approximately right than exactly wrong." The Fed can't stop a downturn, but it can help it be short and shallow. This is a complex, fast-changing situation. Let's give the Fed and the U.S. government some credit for acting swiftly and decisively.
Global Financial Crisis: The Investment Strategy of the World's Top Traders
So are things really that bad? What has gotten lost in the din is that credit markets have returned to normal. Foreclosures are at record levels, but aren't as numerous as originally forecast. And even if policy responses by the Fed only slow the rate of decline in U.S. housing prices, that alone will already have a dramatic impact on U.S. economic growth. And the Fed has shown that it is willing to act quickly to reverse course and hike interest rates once it is clear that the economy is through this bout of weakness.
Uncertainty means that it is reasonable to pull your horns in a bit —— and diversify away from stocks, emphasizing a diverse group of assets that are less correlated to the stock market. The top hedge managers I know are more focused on playing defense until the dust settles. The most bullish signal is that investors are almost uniformly bearish. And it is precisely during periods of panic that the greatest fortunes are made.
What is the foreign exchange market?
Foreign Exchange dealings take place on the Foreign Exchange market，they may be subject to Exchange Control. The Foreign Exchange market consists of the exchange dealers of the banks and the exchange brokers. It is made up of two sections: the spot market for spot transactions, and the forward market for forward transactions. Spot transactions are foreign exchange transactions that have to be settled promptly, forward transactions have to be settled on a agreed future date. The price of one currency in terms of another is called rate of exchange or exchange rate. There are different rates for the different exchange instruments: the rate for T/Ts or cable rate, the rate for cheques and sight drafts (demand rate),the rate for 30-day bills, etc. The rates at which the banks sell foreign exchange (selling rates) are higher than the rates at which they buy (buying rates). Spot transactions are concluded at the spot rate and forward transactions at the forward rate. The forward rate may be higher or lower than, or on the same level as, the spot rate. If the forward rate is above the spot rate, the difference is called premium, if the forward rate is below the spot rate, the difference is known as a discount. If the forward rate is on the same level as the spot rate, they are known as at par.
Tell you the Basics of Foreign Trade and Exchange (1)
Americans drive cars made in Germany, use VCR’s made in Japan and wear clothing made in China. Japanese watch American movies, Egyptians drink American cola and Swedes jog in American running shoes. The world economy is more integrated than ever before.
What is international trade?
International trade shapes our everyday lives and the world we live in. Nearly every time we make a purchase we are participating in the global economy. Products and their components come to our store shelves from all over the world.
International trade is the system by which countries exchange goods and services. Countries trade with each other to obtain things that are better quality, less expensive or simply different from what is produced at home.
Goods and services that a country buys from another country are called imports, and goods and services that are sold to other countries are called exports. Trade mostly takes place between companies. However, governments and individuals frequently buy and sell goods internationally.
World Trade is Diverse
Most international trade consists of the purchase and sale of industrial equipment, consumer goods, oil and agricultural products. Services such as banking, insurance, transportation, telecommunications, engineering and tourism accounted for one-fifth of world exports in 2000.
WORLD EXPORTS ARE UP SHARPLY
Since the end of World War II, there has been a rapid increase in international trade.
In 1950, total world merchandise exports amounted to $58 billion
In 2000, exports were $6.3 trillion, over a 100-fold increase
Trade: Important for economic well being
With the increase in volume, trade has become very important to the economic well-being of many countries. In early 1960s, the United States bought less than $1 billion of foreign cars and parts. By 2001, this figure had increased to more than $189 billion.
Financial ties between United States and the rest of the world have grown significantly over time:
Number of foreign banking offices operating in the United States rose from fewer than 40 to over 600 at present.
Amount of foreign direct investment (FDI) was $158 billion in 2001.
Gross transactions of long-term U.S. government securities by foreigners rose from $144 billion in 1978 to over $9.1 trillion in 2000.
Foreign direct investment is the amount of money individuals invest in companies, assets and real estate of another country.
The cost of international transportation and communication has fallen drastically, resulting in greater integration among the economies of the world. Because of this interdependence, economic trends and conditions in one country can strongly affect prices, wages, employment and production in other countries. Events in Tokyo, London and Mexico City have a direct effect on the everyday life of people in the U.S., just as the impact of events in New York, Washington and Chicago is felt around the globe.
If stocks on the New York Stock Exchange plummet in value, the news is transmitted instantly worldwide, and stock prices all over the world might change. This means that countries have to work together more closely and rely on each other for prosperity.
For data on FDI in the U.S.
Trade: Why do it?
International trade occurs because individuals, businesses and governments in one country want to buy goods and services produced in another country.
Trade provides people with a greater selection of goods and services to choose from.
Often these goods are available at prices lower than those in the domestic economy.
Benefits of Trade
What is international trade?
International trade shapes our everyday lives and the world we live in. Nearly every time we make a purchase we are participating in the global economy. Products and their components come to our store shelves from all over the world.
International trade is the system by which countries exchange goods and services. Countries trade with each other to obtain things that are better quality, less expensive or simply different from what is produced at home.
Goods and services that a country buys from another country are called imports, and goods and services that are sold to other countries are called exports. Trade mostly takes place between companies. However, governments and individuals frequently buy and sell goods internationally.
World Trade is Diverse
Most international trade consists of the purchase and sale of industrial equipment, consumer goods, oil and agricultural products. Services such as banking, insurance, transportation, telecommunications, engineering and tourism accounted for one-fifth of world exports in 2000.
WORLD EXPORTS ARE UP SHARPLY
Since the end of World War II, there has been a rapid increase in international trade.
In 1950, total world merchandise exports amounted to $58 billion
In 2000, exports were $6.3 trillion, over a 100-fold increase
Trade: Important for economic well being
With the increase in volume, trade has become very important to the economic well-being of many countries. In early 1960s, the United States bought less than $1 billion of foreign cars and parts. By 2001, this figure had increased to more than $189 billion.
Financial ties between United States and the rest of the world have grown significantly over time:
Number of foreign banking offices operating in the United States rose from fewer than 40 to over 600 at present.
Amount of foreign direct investment (FDI) was $158 billion in 2001.
Gross transactions of long-term U.S. government securities by foreigners rose from $144 billion in 1978 to over $9.1 trillion in 2000.
Foreign direct investment is the amount of money individuals invest in companies, assets and real estate of another country.
The cost of international transportation and communication has fallen drastically, resulting in greater integration among the economies of the world. Because of this interdependence, economic trends and conditions in one country can strongly affect prices, wages, employment and production in other countries. Events in Tokyo, London and Mexico City have a direct effect on the everyday life of people in the U.S., just as the impact of events in New York, Washington and Chicago is felt around the globe.
If stocks on the New York Stock Exchange plummet in value, the news is transmitted instantly worldwide, and stock prices all over the world might change. This means that countries have to work together more closely and rely on each other for prosperity.
For data on FDI in the U.S.
Trade: Why do it?
International trade occurs because individuals, businesses and governments in one country want to buy goods and services produced in another country.
Trade provides people with a greater selection of goods and services to choose from.
Often these goods are available at prices lower than those in the domestic economy.
Benefits of Trade
Subscribe to:
Posts (Atom)
