F9/Dragon Will Replace the Cargo Transport Functio...

NASA today announced its selection of the SpaceX Falcon 9 launch vehicle and Dragon spacecraft for the International Space Station (ISS) Cargo Resupply Services (CRS) contract award. The contract is for a guaranteed minimum of 20,000 kg to be carried to the International Space Station (ISS). The firm contracted value is $1.6 billion and NASA may elect to order additional missions for a cumulative total contract value of up to $3.1 billion.“The SpaceX team is honored to have been selected by NASA as the winner of the Cargo Resupply Services contract,” said Elon Musk, CEO and CTO, SpaceX. “This is a tremendous responsibility, given the swiftly approaching retirement of the Space Shuttle and the significant future needs of the Space Station. This also demonstrates the success of the NASA COTS program, which has opened a new era for NASA in US Commercial spaceflight.”Under the CRS contract, SpaceX will deliver pressurized and unpressurized cargo to the ISS, and return cargo back to Earth. Cargo may include both NASA and NASA-sponsored payloads requiring a pressurized or unpressurized environment. SpaceX will provide the necessary services, test hardware and software, and mission-specific elements to integrate cargo with the Dragon delivery capsule.In 2006, SpaceX was named a winner under NASA’s Commercial Orbital Transportation Services (COTS) competition. Under the existing COTS agreement, SpaceX will conduct the first flight of its Falcon 9 launch vehicle and Dragon spacecraft in 2009. The final flight, currently scheduled for 2010, will demonstrate Dragon’s ability to berth with the ISS.Falcon 9 flight hardware has already started to arrive at the SpaceX launch site, Space Launch Complex 40 (SLC-40) at Cape Canaveral, in preparation for Falcon 9 going vertical on the pad within a few weeks. Construction of the SLC-40 launch site is proceeding ahead of schedule and is estimated to be completed in early 2009.

A New Type of Investment: Forex Trading

Every new investor thinks of the stock market as the first place to invest. The reasons are undeniable, as the stock market is one of the most successful investments. However, few investors know of a new, emerging type of investment that carries much less risk then the physical stock market. This new investment area is known as the Forex Trading market.The Forex trading market cannot actually be found physically. Instead, the market is a large network of central banks and individual investors all caught up in the process of currency exchange. Because the Forex market deals with countries all over the world, the market must remain open 24 hours a day. The market follows the three markets, the United States of America, Europe, and Asia.This presents a problem to even the more successful investors. It is simply not possible for any human being to stay up 24 hours a day so that they have up to date information of the market. Often the market changes will the investor sleeps or goes about their daily routines. If statistics are not checked often, opportunities to gain profits may be lost. The alternative may be to hire a professional broker, or use a trading program.

Fed Cuts to Mark Pre-Xmas Trading

Investors head into what for many will be the last full trading week of the year expecting more stimulative U.S. interest rate cuts but rattled by emerging dissent over how governments should boost ailing economies.The price of oil, meanwhile, is likely to be in particular focus with oil-producing nations meeting to discuss supply cuts at a time when lower prices are one of the few areas of easing pressure on monetary authorities.Investors needed no new stress after a year which has seen the global banking model break down, the value of stocks halve, lending freeze up and volatility soar, but the new wrinkle is squabbling among authorities about how to proceed."The problem is that when you have politics involved ... you get a lot of back and forth. It's not like when you watch economic data," said Michala Marcussen, strategy director at Societe Generale Asset Management.Failure by U.S. lawmakers last week to agree a bail out for America's top automakers was a shock to the system for investors who have become used to governments and central banks pledging to do what it takes to build confidence and flood the global economy with money.There was a similar U.S. Congress impasse over a financial bailout package earlier in the year, which ended in a compromise. But the latest fight means there will be no automaker bailout passed this year.

Information And Tips on Forex Markets Worldwide

Forex is also considered by the name foreign market exchange or FX. Those people and business organizations dealing in the foreign markets are normally the largest, most wealthy business organizations and banks from around the world. Their transactions include multiple monies from various countries to produce that balance between those who will gain and those who fall down. The basics of forex are similar to that of most countries, but on a much larger, grander scale. Forex trading involves individuals, monies and transactions from all across the globe in just about any country.
The rates of currency are constantly shifting so what the value of the dollar may be one day could be shifted 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 be risking all of it. The prime hubs for forex trading are in Tokyo London, and New York and in many other hub spots around the globe.
The types of currency that are commonly traded are the Swiss franc, the Australian dollar, the British pound, the United States dollar, the Eurozone euro and the Japanese yen. You can cross-trade currencies as well as mixing the trades between currencies to acquire extra money and daily interest.
The times when forex exchange will open at a certain time and then close while other markets are opening. The same variations can be seen in the global markets as some time zones are actioning transactions 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 nations run on alternate time zones. Rates of exchange will be different from a forex exchange to another, and brokers and day traders alike will want to know what the rates are on a given day before making any trades.

Forex Trading Education Articles

Before you take a look at this website that I found, remember to keep an open mind and to not believe everything that you read. The site that I found has a decent list of articles that relate to forex trading education, and it is safe to say that most of the information is valid. However, in this game it is important to do extensive research so that you can make smart decisions with your money. Once you find that certain information is consistent, then you can start to put a little more faith into it.Some of these articles break down forex trading to its basics, while others put more emphasis on certain parts of the game. For example, there are at least three articles that are considered "quick forex guides" while there are some other articles that explain specifics such as choosing a broker, swing trading strategies, mapping time frames, and more.The articles located at this website are great for beginners who have not yet invested any money into the forex market, but would like to educate themselves first. Most veteran traders will already be familiar with the strategies presented in these articles but it still cannot hurt to take a look at them. Visit www.solerinvestments.com/Online-Trading/Currency-Trading-Education.htm and begin the learning process.

Basic Things To Know About Forex Options

Occasionally I will post some things that are intended for those who are getting started in Forex trading, because there are plenty of beginners out there who still need to know the basics.Over at investopedia.com there is a very informative article that will help clarify the difference between traditional forex options and alternative options. The main advantage of trading options is that they limit the amount of risk that one takes and increase the potential for profit.The first type, which is call/put, is an option that gives the buyer the opportunity to purchase with no obligation whatsoever. The only risk involved with this type of option is the loss of the premium (in the case that the forex value drops below the original price).The other type, which is SPOT (single payment options trading), works a little differently. In this case, a trader will create a scenario where a certain currency value will change in a certain amount of time. If the scenario successfully takes place, then the forex option is automatically changed into a cash payout.Check out the article by visiting www.investopedia.com/articles/trading/04/101304.asp. Options are a great way to play the game without risking your entire savings, so be sure to do your research and start enjoying forex options with your fellow traders.

What Is The Forex Investment Association?

There is an important regulatory group that you may want to know about if you
are going to start playing the forex market.The Forex Investment Association is
an organization specifically for those who invest in and play the forex market.
It is a not-for-profit group and it is self-regulating. It is also recognized as
a representative body with carefully considered privileges from the FSB, or the
Financial Services Board. The Forex Investment Association works with the
Financial Services Board in order to properly register and provide licenses to
service providers who have a position in the forex industry.Their basic goal is
to provide an environment where traders can enter the market safely and invest
their money without risk. They also strive to have advisors who are
knowledgeable in their field as well as experienced traders who can help
maintain a stable market.The FIA welcomes new members and invites people to
register with them but unfortunately their website is not capable of doing so
yet. Visit www.forex.org.za to read more about the FIA, and check the site
periodically until they have updated their registration pages.

Forex Market News: U.S. Dollar Showing A Little St

United States currency boosted a little bit next to other big currencies in Syndey during morning trade today after its overnight drop. Not to mention, this rise occurred despite the Dow dropping almost two percent due to some uneasy issues regarding financial markets & credit.However, the dollar is still weak next to the euro, yen and sterling while the Industrial Average for the Dow Jones decreased by 237.44 points. Unfortunately, this is a result of some not-so-good news coming from Citigroup and HSBC Holdings. Citigroup Inc. is apparently looking at some major losses in regards to credit in the fourth quarter of this fiscal year and as a result there might be a handful of lay-off's that could follow.If you wish to look at things in a more positive light, then keep in mind that early this morning one greenback was buying 107.43 yen, in contrast to last night's New York trade value of 107.32 yen."A drop in U.S. equity markets late in the afternoon prompted a mass liquidation of yen carry trades, knocking all primary crosses lower, and taking US dollar/yen down to fresh session lows into the close," mentioned Peter Whitley. Whitley is an analyst at Thomson International Financial Review.Plenty of tourists are coming across the Atlantic and spending their much-valued Euros around New York City and other surrounding metropolitan areas. This can be great for business-owners and retailers in the United States, but what kind of effect do you think this will have on the forex market in the long run?

Information About Choosing Forex Software

If you are going to jump into the online Forex trading game then make sure that you have software that will not let you down. It is important to have a platform that gives you correct information about prices and makes Foreign exchange trades fast and with ease. The 2 types of Forex software that are available are those that are web-based and those that are client-based.Also be sure that you have a fast Internet connection because this market moves pretty quickly. If you are using a dial-up connection and want to do online forex trading, then think again.Client-based software is just as good as any other but it can only be accessed on the computer that you install it to. The advantage of using web-based software is that you can use it on any computer with the simplicity of logging onto a server. This type of software is also more secure and is less likely to acquire viruses.Always be certain that the software you choose provides quotes in real time and that it has the capability of buying and selling with speed. Also be sure that your software is always up-to-date, because even the smallest change in the program can make a difference in how well you trade.It is recommended that beginners first learn the market and take small risks to become familiar with it. Once you are certain that you want to play the game, then find the software that is right for you and start to get serious. Always remember that it takes money to make money, so do not enter the market with hesitant feelings.

Forex Trading - what problems ?

I decided to write this squidoo lens because I have seen far too many people who are desperately trying to make money from forex trading , fail miserably , and I thought that maybe this could help some newbies who are coming onto the forex world for the first time thinking it's easily done.I recommend that we cast aside the dream about "financial freedom" first.Let's review the key factors as to why majority of the people did not fulfill this dream in the first place :Here are my analysis of the situation :
many people jump into this market without preparation.
most people will not even bother to educate themselves before investing , because they think this is an easy game.
There are far too many "gurus" out there who plain tell lies, and it's a sad fact that there are only a handful of people trying to trade forex using the power of the internet , who do actually make it a full time living.
Forex trading is not as simple as it sounds. It involves trading psychology - other than just technical and fundamental analysis. Trading psychology is where most people took for granted , and this is where most people fail ...
Forex trading needs skill. Skill comes only after sufficient practice with paper trading. Most people jump straight into live trading , and eventually suffer losses.

Forex Trading - key considerations

I am a non guru ( read my bio ) and by no means I am in a position to give any professional advice.It is only my pleasure to share with all lens reader here regarding my tough trading journey before I achieve trading success.The followings are my list of recommendations before you consider taking up forex trading :
Ask yourself if you really have the time , passion , and commitment to make forex trading a profession. Do not jump into it just because you are hearing people making lots of money in this area.
Check if you can set aside some funds to get proper education in forex trading. This is one of the most important requirement. It is crucial that you invest in education before you invest in the market.
You next need some capital that you can afford to lose , without impacting your personal life. In the beginning stage you may not attain consistency in trading results yet , so having sufficient capital to start off with is very crucial so as to avoid unnecessary stress during trading.

Tips From A Professional Forex Trader

1.Trade only with the money you can afford to lose. Never trade emotionally or when stressed over debt.

2.Start with a Demo Forex account to get practice in the executions and the different software functions necessary to ensure smooth trading.

3.The forex market is not a casino or a lottery! You should never depend on luck, but on sound investment strategies.

4.Analyze both your successes and failures. Keep a dairy of all your transactions. Review it often and learn from your mistakes.

5.Adopt a very strict policy on the limit of losses you are prepared to accept from a trade. These limits should be between 3-10% of the balance of your account.

6.Mistakes and losses are common and necessary when trading in any market. The sooner you learn to how and why you lose, the faster you will be able to earn money. Do not you blame yourself or others, and even less the market.

7.The main enemy of trader is not the market. Accusing the market is like attacking the world. The biggest enemies of traders are greed, impatience, loss of emotional control and lack of self-confidence.

8.Read the opinions of others, but base your decisions solely on your own analysis and your educated feeling of the market.

9.Always follow this immutable rule: Cut your losses as soon as possible and keep your winning positions as long as possible.

10.Try to work with your demo account as if it was your real account. The more quickly you’re convinced that trading on your demo account is equivalent to trading on the real account, the sooner you begin to develop your own technical trading techniques. You must have the same attitude when you work with your demo account that when you’re on your real account, because the techniques that you use at this point are identical to the ones you will use on the real account. Do not think you learn how to be a trader by entering competitions with demo versions. You must enter a competition only after developing your own trading strategies.

Forex Trading System

This is the system that I am currently using to trade forex successfully ...My opinion : No matter what seminars or what learning courses you may sign up for , eventually you still need a Mentor to succeed. This is like "hands holding" .. and trust me - it really short cut a lot of time and effort in your learning process.Next you need a Mastermind Team to keep going ..This team may be your fellow traders or classmates. Idea is to exchange failure or success stories , so as to take action to improve.

Currency Trading

Th­e curren­­cy­ ma­rket is­ on­­e of­ th­e mos­t p­op­ula­r ma­rkets­ f­or s­p­ecula­tion­­ due to th­e en­­ormous­ s­ize of­ curren­­cy­ tra­din­­g a­n­­d liquidity­. A­n­­y­ curren­­cy­ h­a­s­ a­ va­lue rela­tive to a­ll oth­er curren­­cies­ in­­ th­e world.
Curren­­cy­ tra­din­­g h­a­s­ ma­n­­y­ rea­l ben­­ef­its­ over equity­ tra­din­­g like th­e s­tock ma­rket. Th­ere a­re two rea­s­on­­s­ th­e rela­tive va­lue of­ a­ curren­­cy­ f­luctua­tes­. Th­e f­irs­t is­ a­s­ outs­ide in­­ves­tors­ or vis­itors­ buy­ th­in­­gs­ with­in­­ a­ coun­­try­, th­ey­ a­re driven­­ to con­­vert th­eir domes­tic curren­­cy­ in­­to th­e curren­­cy­ of­ th­e coun­­try­ th­ey­ a­re buy­in­­g with­in­­. Th­e s­econ­­d f­orce f­or curren­­cy­ f­luctua­tion­­ is­ s­p­ecula­tion­­. Th­is­ s­p­ecula­tion­­ ca­n­­ h­a­ve ex­treme con­­s­equen­­ces­ on­­ a­ n­­a­tion­­’s­ curren­­cy­ a­n­­d con­­s­equen­­tly­ on­­ a­ coun­­try­’s­ econ­­omy­.
T­radin­­g
I­f y­o­u do­ no­t hav­e­ e­xpe­r­i­e­nc­e­ i­n the­ fi­e­ld o­f c­ur­r­e­nc­y­ tr­adi­ng, y­o­u ne­e­d to­ at le­as­t hav­e­ k­no­wle­dge­. The­ attr­ac­ti­o­n to­ the­ c­ur­r­e­nc­y­ tr­adi­ng m­ar­k­e­t has­ le­d m­any­ pe­o­ple­ to­ lo­o­k­ fo­r­ c­ur­r­e­nc­y­ tr­adi­ng c­o­ur­s­e­s­. The­s­e­ ty­pe­s­ o­f c­o­ur­s­e­ c­an he­lp pr­e­par­e­ y­o­u fo­r­ the­ e­xc­i­ti­ng wo­r­ld o­f c­ur­r­e­nc­y­ tr­adi­ng. Fo­r­ a de­po­s­i­t o­f jus­t $2,000 an i­nv­e­s­to­r­ c­an le­v­e­r­age­ $100,000 wo­r­th o­f fo­r­e­i­gn c­ur­r­e­nc­y­ o­r­ $50 le­v­e­r­age­ fo­r­ e­v­e­r­y­ $1 i­nv­e­s­te­d. The­ he­av­y­ buy­i­ng and s­e­lli­ng i­n the­ c­ur­r­e­nc­y­ m­ar­k­e­t c­an dr­as­ti­c­ally­ i­m­pac­t the­ v­alue­ o­f the­ c­ur­r­e­nc­y­ i­ts­e­lf. Tr­adi­ng c­ur­r­e­nc­y­ allo­ws­ tr­ade­r­s­ to­ e­ar­n pr­o­fi­ts­ dur­i­ng r­i­s­i­ng and falli­ng m­ar­k­e­ts­. Unli­k­e­ s­to­c­k­s­, the­r­e­ ar­e­ no­ r­e­s­tr­i­c­ti­o­ns­ o­n s­ho­r­t s­e­lli­ng i­n fo­r­e­i­gn c­ur­r­e­nc­y­ tr­adi­ng. The­ “as­k­” i­s­ the­ pr­i­c­e­ at whi­c­h a m­ar­k­e­t m­ak­e­r­ wi­ll s­e­ll the­ bas­e­ c­ur­r­e­nc­y­ i­n e­xc­hange­ fo­r­ the­ c­o­unte­r­ c­ur­r­e­nc­y­ i­n whi­c­h y­o­u c­an buy­. The­ “bi­d” i­s­ the­ pr­i­c­e­ at whi­c­h a m­ar­k­e­t m­ak­e­r­ i­s­ wi­lli­ng to­ buy­ the­ bas­e­ c­ur­r­e­nc­y­ i­n e­xc­hange­ fo­r­ the­ c­o­unte­r­ c­ur­r­e­nc­y­ i­n whi­c­h y­o­u c­an s­e­ll. The­ s­pr­e­ad i­s­ ho­w the­ m­ar­k­e­t m­ak­e­r­ and the­ i­ntr­o­duc­i­ng br­o­k­e­r­ ar­e­ c­o­m­pe­ns­ate­d fo­r­ the­i­r­ wo­r­k­. The­ s­pr­e­ads­ fo­r­ c­ur­r­e­nc­y­ tr­adi­ng ar­e­ e­xtr­e­m­e­ly­ lo­w, m­ak­i­ng the­ c­o­s­t to­ a tr­ade­r­ v­e­r­y­ lo­w as­ we­ll. O­ne­ o­f the­ m­o­s­t i­m­po­r­tant di­ffe­r­e­nti­als­ i­n c­ur­r­e­nc­y­ tr­adi­ng i­s­ ti­m­i­ng. As­ tr­ade­r­s­ fe­e­l a gi­v­e­n c­ur­r­e­nc­y­ wi­ll pe­r­fo­r­m­ s­tr­o­ngly­ o­r­ we­ak­ly­, the­y­ wi­ll buy­ o­r­ s­e­ll ac­c­o­r­di­ngly­. Ho­we­v­e­r­, m­o­s­t tr­ade­r­s­ agr­e­e­ that the­ c­ur­r­e­nc­y­ m­ar­k­e­t i­s­ no­ plac­e­ fo­r­ be­gi­nne­r­s­. An i­ndi­v­i­dual has­ to­ tak­e­ i­nto­ c­o­ns­i­de­r­ati­o­n te­c­hni­c­al and fundam­e­ntal data and m­ak­e­ an i­nfo­r­m­e­d de­c­i­s­i­o­n bas­e­d o­n hi­s­ pe­r­c­e­pti­o­n o­f tr­adi­ng m­ar­k­e­t s­e­nti­m­e­nts­ and m­ar­k­e­t e­xpe­c­tati­o­ns­ to­ be­c­o­m­e­ a pr­o­fi­table­ tr­ade­r­. E­v­e­r­y­ tr­ade­r­ has­ to­ be­ awar­e­ o­f the­ e­v­e­nts­ go­i­ng o­n i­n the­ m­ar­k­e­t, and als­o­ has­ to­ unde­r­s­tand the­ s­ubtle­ti­e­s­ o­f the­ m­ar­k­e­t to­ s­afe­ly­ tr­ade­.

Success in Forex trading: A training course could

If you are constantly surfing the net for the right Forex strategy and do not know which training course to attend to get the best hands-down knowledge abut this business, you are reading the right article for finding the right answers. The first step to get started with Forex trading is to decide on the amount of investing money and then decide on the most cost-effective training program to help you get started.

For people who are in a hurry, online trading training courses could be of help. The next step is to practice the lessons by opening a demo account and trading with virtual money, till you master the art.
There are also home trading courses which offer full customer support. For instance, the Forex Profit is such a trading manual where an specialist and his team can offer support up to 1 year. They help you open demo as well as live accounts.

The Key To Automatic Forex Trading System

Aut­om­at­i­c f­or­ex­ sy­st­em­ t­r­adi­n­g i­s a r­eal­l­y­ sophi­st­i­cat­ed an­d com­pl­i­cat­ed pi­ece of­ sof­t­war­e. I­t­ i­s a si­m­pl­e, y­et­ ef­f­ect­ sy­st­em­ used t­o t­r­ade f­or­ei­gn­ cur­r­en­cy­. What­ i­t­ does i­s i­t­ t­r­ades t­he spot­ f­or­ei­gn­ cur­r­en­cy­ m­ar­ket­ wi­t­h a com­put­er­i­zed aut­om­at­ed t­r­adi­n­g sy­st­em­ t­hat­ en­t­er­s or­der­s f­or­ y­ou. F­or­ex­ t­r­ader­’s n­ow have a l­ot­ of­ di­f­f­er­en­t­ aut­om­at­ed t­r­adi­n­g pr­ogr­am­s t­o put­ t­hi­s at­t­i­t­ude t­o wor­k f­or­ t­hem­.
Aut­om­at­i­c f­or­ex­ sy­st­em­ t­r­adi­n­g i­s good f­or­ t­hose who have t­he pat­i­en­ce an­d per­sever­an­ce t­o wor­k i­t­ out­ on­ t­hei­r­ own­. Som­et­i­m­es y­ou just­ n­eed a f­or­ex­ t­r­adi­n­g m­en­t­or­ t­o hel­p y­ou i­m­pr­ove t­he “sof­t­ ski­l­l­s” of­ t­r­adi­n­g. T­her­e ar­e a l­ot­ of­ skept­i­cs out­ t­her­e who b­el­i­eve t­hat­ f­or­ex­ t­r­adi­n­g i­s t­oo b­i­g of­ a r­i­sk. I­t­ just­ so happen­s t­hat­ wi­t­h aut­om­at­i­c f­or­ex­ sy­st­em­ t­r­adi­n­g, t­he r­i­sk i­s cut­ down­. I­ al­so b­el­i­eve t­hat­ i­n­vest­i­n­g i­n­ an­y­ ot­her­ way­ b­esi­des usi­n­g an­ aut­om­at­i­c f­or­ex­ sy­st­em­ t­r­adi­n­g i­n­vol­ves a l­ot­ of­ r­i­sk. Y­ou si­m­pl­y­ set­ up y­our­ pr­ef­er­en­ces i­n­ t­he sy­st­em­’s set­t­i­n­gs an­d put­ i­t­ on­ aut­o-pi­l­ot­.

Foreign exchange trading Principles ForexGen

Foreign exchangetrading has been growing rapidly among day traders since the 1990s, asday traders have seen the advantages that trading currencies can haveover trading stocks. However, since there are fewer currencies forbeginners to purchase over the large number of stocks available, FXtrading can be much more difficult for a newcomer to learn and master.Still, there are some basic principles that someone new to foreignexchange trading should learn, and these concepts may even be helpfulto the experienced trader.The first principle of FX trading is to understand that trading is aninvestment, not an income. If you are looking to constantly boom in Foreign exchangetrading, then you may need to do a reassessment. FX trading, like otherforms of trading, allows you to make a good return on your initialcapital annually. However, during that year you need to expect some upsand downs in your foreign exchange trading. You could even have severalmonths where you have consecutive losses. It is probably in your bestinterest to have another source of income while you do FX trading.Another area where beginners sometimes find themselves frustrated isthat they try to predict the foreign exchange trading markets.Thousands of traders have influence over the FX trading markets, alongwith politics and economic events, so there is no way to predict whichway the market will move. There are some types of analysis that mayprovide an educated guess into market flow when doing FX trading,but they are not always reliable. Do not be discouraged, though, by thefact that you may lose on more trades that you gain on, as using soundmoney management can help you be successful with foreign exchangetrading.Making money from FX trading means that you need to make enough tocover your losses and gain profit to increase capital. When FX trading,you will need to allow your money-making trades ride while knowing whento cut your losses as soon as possible. foreign exchange trading meanslearning some finesse, as there can be a fine line where you will wantto wait a little for the market to turn in your favor on your losingtrades and also making sure you do not take your profit to soon on yourbetter trades.One way to handle your FX trading is to use a tested system and a money management strategy.There is no room for emotion when foreign exchange trading, so you willneed to use a business-like approach that has been tested on marketdata. Using a tested approach will save you a lot of stress whenforeign exchange trading. Also, using a sound money management strategywill allow you to use your capital in the best way when FX trading sothat you can maximize profit and avoid major losses.

FOREX PREMIUM ACCOUNT

Premium and special traders have their own way in handling their trade, and thus their offer is meant to be special too. ForexGen premium Accounts are created for Forex traders interested in trading on huge amounts and are able to make profits as well.For the sake of those money hankers, ForexGen donates them with sui generis offer non-existed anywhere else. For Premium traders, they can open ForexGen Premium accounts with $50.000 instead of $100.000. Adding to this, ForexGen has enabled Premium traders with dealing desk enabled and scalping options, features that make ForexGen distinguished among others.

Fx News - ECB cuts interest rate. US Jobless Claim

The European Central Bank cut its interest rate today by 25 basis points to mark a new all-time low rate level for the eurozone. Today’s rate reduction was less than the 50 basis point cut economic forecasts were generally expecting and brought

the rate from 1.50 percent to 1.25 percent. The ECB now has reduced its rate by 300 basis points since October 8th when it participated in coordinated rate reductions with central banks around the world.

Jean-Claude Trichet, the President of the ECB, commented in his press conference today that “today’s decision takes into account the expectation that price pressures will remain subdued, reflecting the substantial past fall in commodity prices and the marked weakening of economic activity in the euro area and globally. The latest economic data and survey information confirm that the world economy, including the euro area, is undergoing a severe downturn. Both global and euro area demand are likely to remain very weak over 2009, before gradually recovering in the course of 2010.”

Trichet also did not rule out further rate reductions and that any “nonstandard” bank measures implemented would be discussed at the next rate meeting in May.US Weekly Jobless Claims rise to highest since early 1980’s.
Weekly U.S. initial jobless claims rose more than expected in the week that ended on March 28th according to the U.S. Labor Department today. Jobless claims totaled 669,000 unemployed workers, an increase of 12,000 from the week prior that had 657,000 initial jobless claims. The jobless increase marked the highest level since 1982 and surpassed forecasts expecting claims to number approximately 650,000. A 4-week moving average of unemployed workers showed an increase of 6,500 from the prior week to 656,750 workers.

Meanwhile, workers seeking continued claims for unemployment benefits for the week ending March 21st grew by 161,000 workers to a total of 5,728,000 unemployed workers. The four week moving average of continuing claims grew by 163,500 workers from the previous week to 5,496,500 workers.
US Dollar falling in forex trading today.
The U.S. dollar has been falling in forex trading today against the major currencies as stock markets have rallied on positive sentiment of the G20 meetings and new flexibility in mark-to-market rules. The Dow Jones Industrial Average has gained by over 250 points at time of writing to pass the 8,000 threshold. The Nasdaq has gained by 50 points while the S&P500 has advanced over 25 points.
The euro has advanced versus the dollar for the second day in a row as the EUR/USD has gone from today’s 1.3272 opening exchange rate at 00:00 GMT to trading at approximately 1.3476 in the US trading session at 1:39pm EST according to currency data by Oanda.

The British pound has increased today versus the American currency as the GBP/USD has gone from 1.4494 to trading at 1.4722 dollars per pound.The USD has declined against the Swiss franc with the USD/CHF falling from the 1.1439 opening to trading at 1.1334. The dollar has also decreased against the Canadian dollar as the USD/CAD dropped from the opening at 1.2549 earlier today to trading at 1.2371 later.

The Australian dollar has traded higher versus the USD as the AUD/USD trades at 0.7168 after opening today at 0.7026 while the New Zealand dollar has gained versus the USD and trades at 0.5806 after opening at 0.5678.
The dollar has advanced against the Japanese yen today as the USD/JPY has gained from its 98.72 opening to trading at 99.33.

Introduction to Trading Forex

This short introduction explain the basics of trading forex,brief explanation of the markets and the major benefits of trading forex online. There are two scenarios describing the implications of trading in the a bear as well as a bull market to better acquaint you with some of the risk and opportunities of th largest and most liquid market in the world.
As an additional aid for those who are new to forex,there is also a glossary at the button of this text which explain some of the terms used in connection with currency trading.