tag:blogger.com,1999:blog-206884162024-03-23T10:48:17.204-07:00ForexMy Forex Jornual. I will post on this blog my thoughts about Forex, as well as any other forex related topics such as diffrent Forex brokers, currency trading strategies and interesting indicators.Grzesiekhttp://www.blogger.com/profile/00287721268869011001noreply@blogger.comBlogger64125tag:blogger.com,1999:blog-20688416.post-67380948799644063962008-08-02T21:43:00.000-07:002008-08-02T21:43:00.815-07:00Polish CurrencyIf you are considering, long term investment, like one or two months than Polish currency might be interesting for you. For the last year it got stronger and stronger. Just checkout the charts below, this are EUR/PLN and USD/PLN, timeframe 1 year, on both charts you can see what i would call quality trend. Line is at 45 degrees, almost no corrections.<br /><br /><span style="font-weight: bold;">EUR/PLN</span><br /><br />Let's start with EUR/PLN, i won't even talk about technical analysis, indicators and so on, you can see what is happening here. Just draw the line wait for minor correction and get into trade. You maybe wondering.<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOY5roFtpW9UZ9bjRFI5RU3gAblqHbIZ7DnBzzCaaQtJRR72EBMIdaV3d2AwIkGcNC6LFaW0Av1DBd2qzBsIsH9TCN_SjXcZ3rP9g8ZPmianvpvw4pGTZWZwEQPVSCma3kYZYw/s1600-h/stooq-eurpln.png"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiOY5roFtpW9UZ9bjRFI5RU3gAblqHbIZ7DnBzzCaaQtJRR72EBMIdaV3d2AwIkGcNC6LFaW0Av1DBd2qzBsIsH9TCN_SjXcZ3rP9g8ZPmianvpvw4pGTZWZwEQPVSCma3kYZYw/s320/stooq-eurpln.png" alt="" id="BLOGGER_PHOTO_ID_5228664984900684626" border="0" /></a><br />Ok it went down for a year, won't it turn back? This is a good question, i think this trend can end up pretty soon maybe 3 or 4 months, hard to say really. The problem here is that Polish bussiness has a problem with strong PLN against EUR, because a lot of companies export their products to west Europe. With strong Polish currency, their products are actually more expensive and thus less competetive.<br /><br />The bottom line is, Polish bussinessmen want this trend to stop, and i believe that government will do what they ask for, the question is when?<br /><br /><br /><span style="font-weight: bold;">USD/PLN<br /><br /></span>Now look at USD<span style="font-weight: bold;">/</span>PLN chart it looks almost the same as EUR/PLN, so again i won't go into details how to trade it.<br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg2_gV0RilINBu6oGeizR6TT35nk6n2vowQvjCtLlAP39to919GmYVb9msgIwarFIDxomrSnQtYrNww9yvCe0XOYYVRwwnjDxQE66n3R98cWBy1m0Gn6IeJuPDGPu6E_-_epw_r/s1600-h/stooq-usdpln.png"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg2_gV0RilINBu6oGeizR6TT35nk6n2vowQvjCtLlAP39to919GmYVb9msgIwarFIDxomrSnQtYrNww9yvCe0XOYYVRwwnjDxQE66n3R98cWBy1m0Gn6IeJuPDGPu6E_-_epw_r/s320/stooq-usdpln.png" alt="" id="BLOGGER_PHOTO_ID_5228667630706819570" border="0" /></a>Now to answer the same question as earlier, is this trend here to stay? I think it is, because gas price in Poland pretty much depends on gas price in USA. When gas price in USA gets more expensive it also gets more expensive in Poland (and rest of the world btw).<br /><br />However, if gas price will go up, but at the same time Polish currency would get stronger against dollar, then it won't affect Poland as much as it would without USD/PLN going down.<br /><br />Now if i got you interested in this form of investment, you will need a broker, which allows to trade Polish currency or at least EUR/PLN and USD/PLN. As far as i am concerned there are not much brokers who allow this. The ones who do are Oanda and maybe SaxoBank however i am not sure of that.<br /><br />That is not end of the problems, even if you will find broker who allows to trade this pairs, probably spread on them will be somewhere between 20 and 40 pips, so like i said it is only good to trade them if you are looking for long term investment not scalping or even swing trading.<br /><span style="font-weight: bold;"></span>Grzesiekhttp://www.blogger.com/profile/00287721268869011001noreply@blogger.com289tag:blogger.com,1999:blog-20688416.post-77215827002763505672008-07-31T09:32:00.000-07:002008-07-31T09:32:01.128-07:0012 Major currency pairsWell to be honest there is no such thing as 12 major currency pairs, there are actually about 7 (depends on how you count) major currencies, and well ... many major currency pairs.<br /><br />So what's with your title, you maybe wondering? Let me justify myself, like i said there is no such thing as 12 major currency pairs, this is my list of currency pairs i like to trade, all my currency pairs are made from major currencies thus the name "12 Major currency pairs", however i do not advice you to use this name in group of professional forex traders, in best case they will get confused ... i do not want to tell what can happen in the worst case here :).<br /><br />I will give you the list shortly but let me first explain why i choosed this currency pairs. There are few reasons, there are quite big moves on them in short periods of time, small spread, and i find it easy to apply technical analysis to those currency pairs.<br /><br />Ok here it is:<br /><ul><li>EUR/USD - well obvius, there is not a single trader who does not trade this currency pair</li><li>GBP/USD - pretty similar pair to EUR/USD however it is quicker, and the moves are about 50% bigger, 150 PIPs daily is not uncommon for this pair.</li><li>USD/JPY - quite predictible lately, notice that most of the time USD/JPY is bullish it moves slowly up, when there is a correction on this pair, it moves few hundreds pips down in just few days.</li><li>EUR/JPY - pretty much the same as USD/JPY but moves are less predictible</li><li>AUD/USD - good alternative where you have no idea where EUR/USD will go, however moves on this pair are smaller then on EUR/USD</li><li>USD/CAD - pretty predictible, mainly because CAD is highly correlated with oil price, and you know what oil price chart looks like right?</li><li>USD/CHF - very strong correlation between this pair and EUR/USD</li><li>EUR/CHF - the same as USD/JPY slowly moves up and then quickly falls down</li><li>EUR/CAD - high spread, well i do not know i just like to trade, i always find it easy to predict where will it move and how much</li><li>EUR/GBP - very slow currency pair, however sometimes spread can be low on it</li><li>EUR/AUD - this is very personal pick, i like to trade, but spread is very high so i only use it for long term trades</li><li>NZD/USD - yes NZD is not really a major currency, but i like to trade this pair because it has low spread, easy to predict and has weak correlation to any other pair on this list</li></ul>Well that is all, if you have your own private currency pairs list feel free to share it here in comments section, also i will be happy to answer any of your questions.Grzesiekhttp://www.blogger.com/profile/00287721268869011001noreply@blogger.com75tag:blogger.com,1999:blog-20688416.post-79019230762333534512008-07-28T21:46:00.000-07:002008-07-28T22:09:47.505-07:00Day Trading Forex CurrencyRight, day trading today. People are very interested in the concept of day trading. And i think there are at least few reasons for this. Before i will go into details, let's define day trading, what it really is.<br /><br />On Forex day traders are guys who make a lot of trades (like over 10) in a single. Each of the trade is closed by the end of trader trading session, on Forex it usually means turning your computer off. Note that this is not the same as scalping. The only similarity between scalping and day trading is that, a lot of traders fail there.<br /><br />Main resaon for this is that traders are tempted with huge profits, when doing day trading people are almost always using huge lavereages, like 100:1, it means buying 10 Lots with 10 000$. I think you can easily see how much one PIP is worth then, yeah it is 100$. It seems great at first, looks like a quick cash, but consider the fact that you only need 100 PIP move in the wrong direction to meet mr. Margin Call.<br /><br />In reality when you trade on such high leverage it looks like everything is happening with a speed of light, while in fact it all happens with a normal speed, it is this ridiculous leverage that makes things harder.<br /><br />Next thing you need to consider when you want to do day trading on forex currencies, is that not every broker will be happy with what you are doing, they may close your account or limi your leverage if ... you will start making money. So chose your broker wiseley checkout Forex forums and read brokers reviews make sure they allow day trading.<br /><br />You may now think, wow day trading is hard. Well in fact it really is harder then you think. I am not saying it cannot be done, i am not saying you cannot earn like 200% a month. I am just saying that success with day trading want happen overnight, if you focus on it and commit to becoming day trading the success will come with time and experience.Grzesiekhttp://www.blogger.com/profile/00287721268869011001noreply@blogger.com44tag:blogger.com,1999:blog-20688416.post-84290523444494440892008-02-05T22:11:00.000-08:002008-02-05T22:18:11.456-08:00Standard Deviation Channel<p class="MsoNormal"><span style="" lang="EN-US">I recently read article about, about <b style="">standard deviation channel</b>, (which as you may already know is one of my favorite indicators), and I was shocked, although author of this article explained what standard deviation channel is in mathematics but it had very little to do with Forex or any other financial market. Furthermore, I read other articles about standard deviation channels and what I found out is that they all were giving useless information to readers, so here is the right way to use standard deviation channel.</span></p><p class="MsoNormal"><br /><span style="" lang="EN-US"><o:p></o:p></span></p> <p class="MsoNormal"><span style="" lang="EN-US"><o:p> </o:p></span></p> <p class="MsoNormal"><span style="" lang="EN-US">First of all, authors suggest that, when price will reach upper line, it is time to take SHORT position and vice versa, when price will reach lower line you should take LONG position because market is oversold.</span></p><p class="MsoNormal"><span style="" lang="EN-US"><br /></span></p> <p class="MsoNormal"><span style="" lang="EN-US"><o:p> </o:p></span></p> <p class="MsoNormal"><span style="" lang="EN-US">This is true <b style="">only if market is trending</b>. It is quite safe to treat then lower line as support line and upper line as resistance line, and more over (depending on your standard deviation channel settings) 95% of price movement will happen between this two lines, as long as market is trending. The obvious question here is how to tell if Forex is trending, but this question is beyond the scope of this article, at least for now </span><span lang="EN-US" style="font-family:Wingdings;"><span style="">J</span></span><span style="" lang="EN-US">.</span></p><p class="MsoNormal"><span style="" lang="EN-US"><br /></span></p> <p class="MsoNormal"><span style="" lang="EN-US"><o:p> </o:p></span></p> <p class="MsoNormal"><span style="" lang="EN-US">What I like about standard deviation is that it allows to easily determine trend, you just need to draw channel over the selected period of time and that’s it, you have detected trend. However to use this indicator efficiently you need some experience, ideally you should see channel on the chart before you draw any lines on it. If you don’t see it, then do not worry it is all about experience.</span></p><p class="MsoNormal"><br /><span style="" lang="EN-US"><o:p></o:p></span></p> <p class="MsoNormal"><span style="" lang="EN-US"><o:p> </o:p></span></p> <p class="MsoNormal"><b style=""><span style="" lang="EN-US">How to use correctly Standard Deviation Channel</span></b></p><p class="MsoNormal"><br /><b style=""><span style="" lang="EN-US"><o:p></o:p></span></b></p> <p class="MsoNormal"><span style="" lang="EN-US"><o:p> </o:p></span></p> <p class="MsoNormal"><span style="" lang="EN-US">If market is in uptrend, you should take ONLY long positions</span><span style="" lang="EN-US">, when price will reach lower line. Never take SHORT position in uptrend when the price will reach upper line, that do NOT mean that market is overbought, in uptrend price can easily go waaay over upper line and hit STOP LOSS, of trader who was stupid enough to take SHORT position in bull market.</span></p><p class="MsoNormal"><br /><span style="" lang="EN-US"><o:p></o:p></span></p> <p class="MsoNormal"><span style="" lang="EN-US"><o:p> </o:p></span></p> <p class="MsoNormal"><span style="" lang="EN-US">Obviously, the opposite goes for market in downtrend, do not take long positions on lower line, NEVER.</span></p><p class="MsoNormal"><br /><span style="" lang="EN-US"> <o:p></o:p></span></p> <p class="MsoNormal"><span style="" lang="EN-US"><o:p> </o:p></span></p> <p class="MsoNormal"><span style="" lang="EN-US">Most importantly<b style="">, this indicator is called standard deviation channel and you should use it only with CHANNELS</b> not with any random piece of chart, below is the stock market chart with two correctly drawn channels.</span></p><p class="MsoNormal"><span style="" lang="EN-US"><br /></span></p><p class="MsoNormal"><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjzSWnD6OoJ5TMWTzsQq-tLndeh3POkcJK34mA4MJ1ghAELcJ_KnzDOKSbrUaOeEm6LPV1kX1s-19oWSAypqXVgj5xyOKWmJ03wpRrJIvfJWCo4qhlxSrihFX1uu05fWPdn9nUT/s1600-h/standard+deviation+channel.png"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjzSWnD6OoJ5TMWTzsQq-tLndeh3POkcJK34mA4MJ1ghAELcJ_KnzDOKSbrUaOeEm6LPV1kX1s-19oWSAypqXVgj5xyOKWmJ03wpRrJIvfJWCo4qhlxSrihFX1uu05fWPdn9nUT/s320/standard+deviation+channel.png" alt="" id="BLOGGER_PHOTO_ID_5163747027432133122" border="0" /></a></p>Grzesiekhttp://www.blogger.com/profile/00287721268869011001noreply@blogger.com25tag:blogger.com,1999:blog-20688416.post-10214945967727870932008-01-30T23:15:00.000-08:002008-02-02T22:42:51.397-08:00Economic CalendarEarlier, actually in the last post i wrote about importance of <span style="font-weight:bold;">knowing what economic data that affect Forex market</span> will be relased and when. This information alone can save you a lot of pain, because, after some key economic indicators are relased, prices in just few minutes can go +200 pips up, and then out of sudden 300 pips down.<br /><br />This mainly affects day traders or scalpers, and the EUR\USD currency pair. I belive there are many ways you can deal with market moving indicators, but i will list two of my ideas i have came up with:<br /><ul><li>Few minutes before economic data announcement hedge your position.</li><li>Not all Forex brokers allows to hedge, if yours not, then you can close your position before data release and open a new one after market will "calm down".</li></ul>And obviously do not make new trades (other then hedges) before economic data announcement.<br /><br />More over <span style="font-weight:bold;">important economic data dictates trend of the market</span>, so you can use it for simple Forex fundamental analysis.<br /><br />But the most important question here is, where do i get this data and how will i know which is important and which is not? My all time favourite source for economic data is <span style="font-weight:bold;">bloomber economic calendar</span>, which you can find here: <a href="http://www.bloomberg.com/markets/ecalendar/index.html">ECalendar.</a><br /><br />I like this calendar because, it places icon next to particular event, which tells me how important this event is, so i do not have to make my own research on every single event.<br /><br />From my experience i can tell you that, two events responsible for the biggest moves are: Employment situation and FOMC meeting.Grzesiekhttp://www.blogger.com/profile/00287721268869011001noreply@blogger.com28tag:blogger.com,1999:blog-20688416.post-89991951893330370032008-01-30T22:47:00.000-08:002008-01-30T23:42:34.489-08:007 signs of bad investmentBuying stocks on stock market or taking positions on Forex, often involves great deal of emotions, especially when you invest a lot of money, or you are starting out with trading and you are not comfortable with putting your money on the risk.<br /><br />When it comes to money emotions are hard to control however, before you make decision to put money into some stocks, you can try to determine if there are any <a href="http://asxnewbie.com/deadly-signs-of-bad-invseting/">deadly signs of bad investment</a> behind your decision. (For a full article visit ASXNewbie website, i will just list quickly those signs and make my comments on it).<br /><br />Here they are: 7 signs of bad investment<br /><ol><li>Research, lack of research is probably one of the greatest mistake you can make, if you make good research, then you can get at least some confidence in your trade, which is important when it goes bad at the beginning.</li><li>Hesitation on fundamentals, this mainly applies to stock market, Forex traders rearly have to focus on fundamental data</li><li>Buying stocks for long term with no end in mind, it speaks for itself.</li><li>Not being aware of important announcements, on Forex it is useful to know when important economic data will be released, such as employment situation which is responsible for a big price changes in short time.</li><li>Sometimes investment needs care, especially if you trade long term</li><li>It is not a shame to get rid of bad investment or position, this goes back to the do not risk more then 5% of your capital on the single trade.</li><li>Doing what everyone else is doing, this is often mistake of unexperienced trader, be your own guru, do not look at other to know what to do, especially if they are losesr.<br /></li></ol>Mentioned article is more relevent to stock market, so i changed a bit all seven points to make them fit perfectly Forex market.Grzesiekhttp://www.blogger.com/profile/00287721268869011001noreply@blogger.com71tag:blogger.com,1999:blog-20688416.post-77770732383771179122008-01-27T22:49:00.000-08:002008-01-30T23:43:08.404-08:00Societe Generale reveals how it was duped in trading scamDo you remember when lately SocGen anounced that junior trader frauded over $70 bilion? That is a lot of cash and this case has to be explained to public opinion and it seems that bank managers and trader which is partly as i belive responsible for such a big loss are trying to do it.<br /><br />It maybe not article about <span style="font-weight: bold;">Forex </span>but, it is about trading, maybe even about great tragedy. We always learn from mistakes, and it is better to learn from someones else mistakes then yours so i advice you to read it.<br /><br />Here is a short excerpt to encourage you to reading, by the way it is quite long.<br /><br /><blockquote>"French bank Societe Generale has admitted that a gap in control systems allowed a junior trader to take a $73 billion losing bet on European share prices, but defended its handling of the world's biggest trading scandal.<br /><br /> <p>Prosecutors said the trader, 31-year-old Jerome Kerviel, would remain in custody until Monday after handing himself in on Saturday and was co-operating with a probe into how the bank racked up $7 billion losses on alleged illicit deals.</p><p><br /></p><span id="midArticle_2"></span> <p>Kerviel's new lawyer said he had been doing a trader's job by taking on risk and accused the bank of setting him up for a public "lynching" by letting him carry all the blame.</p><p><br /></p><span id="midArticle_3"></span> <p>"He has not embezzled anyone, he hasn't taken a cent for himself and he was just doing his job as best he could," Christian Charriere-Bournazel told Reuters."</p></blockquote><p></p><p><br /></p><p>Read more here <a href="http://www.reuters.com/article/ousiv/idUSL2422020620080128"><span style="font-size:100%;">Checks by SocGen missed $73 billion wrong-way bet</span></a></p>Grzesiekhttp://www.blogger.com/profile/00287721268869011001noreply@blogger.com7tag:blogger.com,1999:blog-20688416.post-82103859287414304442008-01-27T22:44:00.000-08:002008-01-30T23:42:53.831-08:00Forex reserves swell $3.2 bilionAnother interesting article about forex reserves.<br /><br />"Foreign exchange reserves rose by $3.16 billion in the week ending January 18, 2008 taking the total reserves to a record $284.98 billion. Money market dealers said that the rise in the forex reserves was largely on account of subscription to the IPO of Reliance Energy that closed on January 18.<br /><br />The public offering is expected to have drawn in large scale funds from foreign institutional investors. During the same week, the BSE’s benchmark index, Sensex, had dipped about 1,000 points to close at 19,700 with most FII selling shares.<br /><br />The foreign currency assets stood at $276.13 billion while the reserves with IMF was down by $1 million to $433 million, according to the data released by the Reserve Bank of India in its Weekly Statistical report. In the two weeks ended January 18, forex reserves rose by $8.3 billion. For the second consecutive week, the government’s deposits with the Reserve Bank rose."<br /><br />Read more here <a href="http://economictimes.indiatimes.com/News/Economy/Forex_reserves_swell_32_bn_on_IPO_inflows/articleshow/2732809.cms">Forex reserves swell $3.2 bn on IPO inflows</a>Grzesiekhttp://www.blogger.com/profile/00287721268869011001noreply@blogger.com11tag:blogger.com,1999:blog-20688416.post-6910407365206961272008-01-27T22:35:00.000-08:002008-01-30T23:43:23.573-08:00How forex market should operateInteresting article at Vanguard, author explains how Forex market should operate. Article is based on proposal for a liberalized foreign exchange market in Nigeria and its economic benefits.<br /><br />Two most interesting sections selected by author are:<br /><ul><li>How market will operate</li><li>Payment for import and forex auction</li></ul>"3.6 HOW THE MARKET WILL OPERATE<br />The CBN will consolidate the distributable portion of the dollar earnings monthly (or at worst bimonthly) in arrears. The realizable values will be published in appropriate government bulletins monthly.<br /><br /><p>3.6.1 The CBN would issue warrants denominated in dollars monthly without fail to each beneficiary of federally derived dollar revenue according to constitutional provisions with regard to sharing of such revenue.</p><p><br /></p><p>3.6.2 The beneficiary of the dollar warrant (strictly not cash) (federal, state, local governments, statutory agencies etc) will approach their separate bankers with their dollar warrants for conversion of all or part of the dollar warrant into naira for its corporate budgetary obligations which cannot be paid in dollars (since the dollar is not legal tender in Nigeria).</p><p><br /></p><p>3.6.3 All buying and selling of currencies will be carried out through a bank or any other such denominated financial institution.</p><p><br /></p><p>The local bank officer on receipt of the request would seek current rate confirmation from its head office before concluding a deal."</p><p><br /></p>Read more here: <a href="http://www.vanguardngr.com/index.php?option=com_content&task=view&id=5245&Itemid=0">Dollar allocations</a>Grzesiekhttp://www.blogger.com/profile/00287721268869011001noreply@blogger.com10tag:blogger.com,1999:blog-20688416.post-74984430852358290572008-01-26T00:48:00.000-08:002008-01-30T23:43:54.468-08:00Amero Revolution?Recently i was watching movie Zeitgeist. Pretty cool movie if you haven't seen it i advice you to do it. It consists of three parts first is about Christianity and Jesus, second amd third are about America, power and money which interests most i belive.<br /><br />Anyway, in a part three there is mentioned new currency Amero. Which will be new currency for North America (Canada, USA, Mexico). So it seems that end for our favourite currency pair is neer, and the question is not: will it happen? will USD will be replaced with Amero? but rather when will it happen? From my informations it will be around 2010, but really it is hard to tell.<br /><br />The best way to replace USD is to make it weaker and weaker which is happening and we can see it on our Forex charts. So maybe it is a good idea to take long term position against dollar?<br /><br />This is not important. What is important is this. How will new currency affect Forex market? In my opinion not much. It will be a currency as any other currency on Forex, the only problem will be a fact that there will be no history for it.<br /><br />This means no backtesting, and even no "space" for technical analysis. However these will be problems only for long term traders or swing traders. I guess scalpers will be okay with this because they do not need a lot of data, but i do not know i am not a scalper.<br /><br />However, what concerns me most is that we will loose three currencies and gain only one new, which happen further again because of Asian union which is getting ready to introduce asian currency (asio?).Grzesiekhttp://www.blogger.com/profile/00287721268869011001noreply@blogger.com6tag:blogger.com,1999:blog-20688416.post-78663365523614531962008-01-03T00:14:00.001-08:002008-02-02T22:48:08.239-08:00Simple Forex strategiesI havent't recently updated this blog because, i am currently more focused on Stock Market, and system for <span>sports betting</span> which i recently created. When i will finish it, i wil give you link to this system, i suppose it will be free till the end of the season.<br /><br />Anyway, <span style="font-weight: bold;">simple forex strategies</span>, what i mean by that? In my mind these are strategies that are very simple :). I often see guys with super advanced entry strategies. They use MACD, RSI, ADX, 10 different MAs and EMAs, Fibbonaci retracement, Elliot Waves <span style="font-weight: bold;">to predict the best entry point</span>.<br /><br />I think it's funny.<br /><br />Because often these guys do not realize that actually <span style="font-weight: bold;">there are only two types of indicators</span>.<br /><ul><li>Trend following - indicates whatever Market is in up or down trend (MACD for example)</li><li>Momentum - tells you if Market is overbought or oversold (RSI)<br /></li></ul>There are also Volume and Volatility indicators but they are not suitable for Forex market. So if you use more then 2 indicators then you can right now narrow your choice down to only two.<br /><br />How many oscillators do i use? I use <span>none</span> or <span>zero</span>, so in my mind <span style="font-weight: bold;">forex strategy with 2 indicators is still complex strategy</span>. Traders often say that you need a lot of indicators to get rid of false signal. But what i found out when i started using many tools was that i got as many signals that i should take LONG position as for SHORT position. So, keep in mind the old saying: <span style="font-style: italic;">sometimes less is more.</span><br /><br />After eliminating all oscillators we are left with very simple tools:<br /><ul><li>trend lines, as well as support and resistance levels<br /></li><li>Fibbonacci retracement</li></ul>When i trade Forex i also use two other tools the are not as much popular as MACD, RSI but they work for me.<br /><ul><li>Andrews' Pitchfork</li><li>Standard Deviation Channel</li></ul>All of them, help me to determine trend, because what forex trading really comes down to is:<br /><br />Determine trend, but do <span style="font-weight: bold;">NOT </span>try to predict future, it is impossible. determine trend based on what you already have on the chart. There are at least three types of trend: up, down, consolidation, i think i already said it, but it is worth repeating over and over.<br /><br />Determine Take Profit and Stop Loss, GO IN. That's it.<br /><br />Ok so to sum this up. <span style="font-weight: bold;">You can build a very complex strategy or system if it works for you</span>, it didn't work for me at all. But remember, do not underestimate value and importance of very simple tools like trend lines, fibbonacci retracement and standard deviation channels.Grzesiekhttp://www.blogger.com/profile/00287721268869011001noreply@blogger.com14tag:blogger.com,1999:blog-20688416.post-87404212091781891592007-09-14T22:19:00.000-07:002008-01-30T23:44:36.803-08:00The "95% of all Forex traders fail" Lie!<p class="MsoNormal" style="text-align: justify;"><span style="" lang="EN-US"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="" lang="EN-US"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="" lang="EN-US"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="" lang="EN-US">I refer 95% lie to sentence: “<b style="">95% of traders fail</b>”. Although this are calculations made by brokers, based on their account history. I suppose those are accounts that were blown out by newbie traders.</span></p><p class="MsoNormal" style="text-align: justify;"><span style="" lang="EN-US"><br /></span></p><p class="MsoNormal" style="text-align: justify;"><span style="" lang="EN-US">Anyway I have to admit that it is true that 95% of account ends up empty within less then three months. But hose who were trading them … were they really traders? I think not, in my opinion they were gold diggers or just uninformed fools.</span></p><p class="MsoNormal" style="text-align: justify;"><span style="" lang="EN-US"><br /></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="" lang="EN-US"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="" lang="EN-US">It happens often that after forex success story in newspaper or magazine, people without knowing anything about forex think: “Hey this is easy way to make money! If that guy in the newspaper made millions, I can make at least few thousands I am not stupid”. I don’t have to tell you how wrong this guy is. He takes loan, and starts trading, within 3 months he has got no money but a big loan to pay.</span></p><p class="MsoNormal" style="text-align: justify;"><span style="" lang="EN-US"><br /></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="" lang="EN-US"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="" lang="EN-US">I believe this are the people who goes by 95% rule. But it doesn’t have to be that way. You can make money, but you have to understand it is not going to happen overnight. Probably not even within two years. But it is possible.</span></p><p class="MsoNormal" style="text-align: justify;"><span style="" lang="EN-US"><br /></span></p><p class="MsoNormal" style="text-align: justify;"><span style="" lang="EN-US">What it takes to become trader? In my opinion the only difference between successful and unsuccessful trader is … experience. All you need to do is trade and get some experience.</span></p><p class="MsoNormal" style="text-align: justify;"><span style="" lang="EN-US"><br /></span></p><p class="MsoNormal" style="text-align: justify;"><span style="" lang="EN-US">But there is something more important. As you may lack successes within this two years <i style="">it is crucial to <b style="">believe</b> that you can really do it</i>, that it is possible to achieve success. If you have problem with that then, do yourself a favor and buy Anthony Robbins “Awaken the giant within” great book on positive mindset.<o:p></o:p></span></p>Grzesiekhttp://www.blogger.com/profile/00287721268869011001noreply@blogger.com28tag:blogger.com,1999:blog-20688416.post-48617664475629064332007-06-09T23:31:00.000-07:002008-01-30T23:44:57.969-08:00Easiest cash on earth for webmastersThis post is not related to forex trading, but most of you guys have their own blogs or websites where you put your thoughts, analysis or just articles on trading. But most important fact is: you are interested in making money and this is what this topic is all about.<br /><br />First of all you need to know that i won't be talking about big money, you will probably never earn more then 1 000$ in a month, not even close to 500$.<br /><br />But the fun part is, <span style="font-weight: bold;">all you need to do is place a small banner on your website</span>, that's it!<br /><br />You will earn <span style="font-weight: bold;">5£ every single month</span>, just for keeping this banner on your website, sounds to good to be true?<br /><br />Well i also thought this way, but when i reviewed this company i realized, there is nothing to lose.<br /><br />It is <span style="font-weight: bold;">completely free</span>. Free to join and free to earn easiest money online. In my opinion it is a quite decent deal.<br /><br />You maybe thinking why would anyone possibly want to put a banner on my website and pay for it 5£ a month? But the reality is a bit different, when you signup you have to select 3 pages from your website where their banner will be visible. Then within 48 hours they will review your website, and accept or decline your application depending on your website.<br /><br />But again there is no risk involved, if they decline your application, so what, you didn't lost a dime!<br /><br />Join now before they stop accepting new members.<br /><br />If you are interested in this company here is URL with my referral code, and another one without a referral code, choose whatever you want.<br /><br /><a href="http://www.bucks4banners.net/?aff=11631">http://www.bucks4banners.net/?aff=11631</a><br /><a href="http://www.bucks4banners.net/">http://www.bucks4banners.net/</a>Grzesiekhttp://www.blogger.com/profile/00287721268869011001noreply@blogger.com8tag:blogger.com,1999:blog-20688416.post-3085611469101108322007-05-18T01:27:00.000-07:002008-02-02T22:59:28.352-08:00Detecting trend reversal on Forex<span style="" lang="EN-US">I know that: "<span style="font-weight: bold;">How to detect trend reversal?</span>" maybe a thought question with very complex answer but I will try to make my take on it, and keep it very simple and understandable.<br /><br /><o:p></o:p></span> <p class="MsoNormal" style="text-align: justify;"><span style="" lang="EN-US"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="" lang="EN-US">So let’s get started, obviously when <span style="font-weight: bold;">trying to detect trend reversal on Forex you have to use tools that were designed for it</span>. You can’t predict it with MACD or RSI because they are trend following indicators. Indicators designed to predict trend reversal are … candles. Japanese always traded reversal strategies, European and US traders are almost always trend following traders.</span></p><p class="MsoNormal" style="text-align: justify;"><br /><span style="" lang="EN-US"><o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="" lang="EN-US"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="" lang="EN-US">If you don’t know how to interpret forex candles then do a search on web and find some info, reading correctly candles is easy and you have to know it. Although keep in mind I do not recommend using them on charts smaller then 4H.</span></p><p class="MsoNormal" style="text-align: justify;"><br /><span style="" lang="EN-US"><o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="" lang="EN-US"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="" lang="EN-US">Of course … relying only on Japanese techniques can be quiet deceptive so we need something more reliable, we need to have an angel. <span style="font-weight: bold;">Trend reversal candles can happen anywhere on the chart</span>, will they always mean end of the trend? … No, the really important candles are those which can be found near support and resistance levels. We want to know if this particular level will be broken or not.</span></p><p class="MsoNormal" style="text-align: justify;"><br /><span style="" lang="EN-US"><o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="" lang="EN-US"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="" lang="EN-US">Let’s pretend we have reverse candle near support, is it time to buy some lots? Again the answer is NO. Take your time, the next candle should be white which is confirmation that trend was reversed, there can also be consolidation period near resistance level, <span style="font-weight: bold;">which is usually another sign that trend is reversing</span>, in this case I would put long order at the resistance of consolidation block.</span></p><p class="MsoNormal" style="text-align: justify;"><br /><span style="" lang="EN-US"><o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="" lang="EN-US"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="" lang="EN-US">Where to put stop loss? I put it about 100 – 200 pips below my order depending on situation. I mean if important resistance or support line is broken and price move fast in opposite direction (eg. 100 pips) then there is really no point in holding this position any longer, <span style="font-weight: bold;">trend wasn’t reversed</span>.</span></p><p class="MsoNormal" style="text-align: justify;"><br /><span style="" lang="EN-US"><o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="" lang="EN-US"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="" lang="EN-US">Well, I hope this helps some of you, but if you are going to use this techniques then keep in mind they apply to longer timeframes! I use it with 1D charts, if you will use it with 15M chart you are going to blow yourself out.<o:p></o:p></span></p>Grzesiekhttp://www.blogger.com/profile/00287721268869011001noreply@blogger.com20tag:blogger.com,1999:blog-20688416.post-63585634488979329772007-05-14T07:14:00.000-07:002008-01-30T23:46:01.459-08:00Completely free 100$ for Forex trading!!!This is something you do not want to miss, fxclub.com gives 100$ to everyone who opens live trading account with them. You thought 5$ from Marketiva was great? Then how you can call this? Awesome? Not exactly.<br /><br />First of all, i took a look at them and here is what i found:<br />- Their charting sucks, you can't do intraday trading it is just impossible.<br />- Their support staff can't speak english fluently - not very professional as for real company.<br />- It looks like they like ... no they love the game of stop loss hunting - not good also.<br />- You cannot withdraw free cash, but you can withdraw money you earned, similar to marketiva system<br /><br />My opinion Russian scams.<br /><br />However if you are swing trading, and use other software for charting then fxclub.com software then you can try them out, they require only one document with a photo to open an account so it is pretty simple.<br /><br />So if you would like to take advantage of this free 100$, which they will give, this was double checked by my friend who signed up for their real account here is what you need to do.<br />1. Go to http://www.fxclub.com/incentive/ and get a pin code.<br />2. Go to fxclub.com and signup for live account, remember to use your promo code which should be sent to your email address if you correctly completed point 1.<br />3. Start trading.<br /><br />Enjoy.Grzesiekhttp://www.blogger.com/profile/00287721268869011001noreply@blogger.com19tag:blogger.com,1999:blog-20688416.post-2081099599524904442007-05-14T02:07:00.000-07:002008-01-30T23:45:24.144-08:00Forex trading video?Lately i was thinking that there is nothing better then one on one live training, you can ask your mentor questions, he will tell you what you are doing wrong and so on.<br /><br />However over the internet it is almost impossible to emulate live training session, so i was thinking. Maybe it would be good to record video and show it online. I was thinking about some sort of 5 minutes instuction on how to use trendlines, how to use Andy Pitchforks.<br /><br />I am not sure but i think that sometimes it is hard to understand method or indicator, just be reading article and seeing a picture. Video will be somewhat like live training.<br /><br />But i don't know, i would like to hear your opinions on this one?Grzesiekhttp://www.blogger.com/profile/00287721268869011001noreply@blogger.com7tag:blogger.com,1999:blog-20688416.post-51012806523117728462007-05-12T11:01:00.001-07:002008-01-30T23:45:42.650-08:00How to make perfect entry point on Forex<p class="MsoNormal" style="text-align: justify;"><span style="" lang="EN-US">If you find out that you make trades to early and before price starts moving in your direction the stop loss is already hit. The source of this problem is you are probably using to big timeframe. Don’t get me wrong on this one it is not that you need to change it, but you need to focus more on last candles, you are to concentrated on overall picture.<br /></span></p><p class="MsoNormal" style="text-align: justify;"><span style="" lang="EN-US"><o:p></o:p><br />Anyway if you find yourself doing such trades then do not worry, this is easy to handle I had the same issue when I started trading.</span></p><p class="MsoNormal" style="text-align: justify;"><br /><span style="" lang="EN-US"> <o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="" lang="EN-US">Let’s break it down.</span></p><p class="MsoNormal" style="text-align: justify;"><br /><span style="" lang="EN-US"> <o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="" lang="EN-US">First of all your chart interpretations are ok. You make good trades but to early. So next time try this simple strategy.</span></p><p class="MsoNormal" style="text-align: justify;"><br /><span style="" lang="EN-US"> <o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="" lang="EN-US">After selection of new trade, find smaller trend in opposite direction and wait for reversal, when you will be sure that smaller trend is reversed make your trade. Sure you will loose some pips by getting late in to trend, but trust me there is no better point of entering the trade.</span></p><p class="MsoNormal" style="text-align: justify;"><br /><span style="" lang="EN-US"><o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="" lang="EN-US">But what is the trend reversal confirmation?</span></p><p class="MsoNormal" style="text-align: justify;"><br /><span style="" lang="EN-US"><o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="" lang="EN-US">Basically it is when you have more evidences that trend is reversed I won’t talk more about it now because this is covered in my other article, besides you probably have some techniques to determine trend reversal on Forex.<o:p></o:p></span></p>Grzesiekhttp://www.blogger.com/profile/00287721268869011001noreply@blogger.com63tag:blogger.com,1999:blog-20688416.post-84194068970161505752007-02-18T22:25:00.000-08:002008-01-30T23:46:19.471-08:00ProForex Blog Awarded!I am happy to announce you that my blog was chosen as one of the top 25 forex blogs on the net! Here is the permalink to the site that awarded my blog <a href="http://www.forexreader.com/2007/02/top_25_forex_bl.html">www.forexreader.com</a><br /><br />My blog is placed as number 12 i think it is reasonable position as it wasn't often updated besides blogs that higher then i am, are the ones that i have learned from, so i advice you to check them out.<br /><br />What else can i say? This award motivated me to continue this blog with even more interesting forex informations. I will soon write very interesting article on entering and exiting trades. I have got new trading strategy that produces steady results for USD/JPY it will be also published soon.<br /><br />I will also write some articles on Automated Trading with MetaTrader, i will mainly focus on script and ExpertAdvisors, because as you already know i do not really use indicators. More over i will try to show you how to detect patterns on charts and translate thse patterns into ExpertAdvisor code.<br /><br />I was also thinking of buying domain and placing there my best articles, it would be good to have those articles available within a click of a mouse, don't you think?Grzesiekhttp://www.blogger.com/profile/00287721268869011001noreply@blogger.com38tag:blogger.com,1999:blog-20688416.post-86657268676273292852007-02-16T23:43:00.000-08:002007-02-16T23:51:43.504-08:00Marketiva platform updateWell they updated their platform few months ago, but i didn't wrote about, mainly because i doubt anyone is using marketiva for charting. But in my Marketiva review i wrote their trading platform lacks functionality such as trendlines, support, resistance lines, fibonacci retracement, etc.<br /><br />So now they have all of mentioned above tools, although i still do not like their interface which is not user friendly, but this is only my opinion, some of you will probably do not agree with this.<br /><br />If you would like to read my last marketiva review then here is the <a href="http://proforex.blogspot.com/2006/05/marketiva-good-or-bad.html">link</a>.Grzesiekhttp://www.blogger.com/profile/00287721268869011001noreply@blogger.com2tag:blogger.com,1999:blog-20688416.post-56574367145154924602007-02-13T01:49:00.000-08:002008-01-30T23:46:36.022-08:00Watch out for EA scams!!!Recently i found forum post at ForexFactory, where author talked about some scammer selling MetaTrader expert advisor, unfortunetly i can't find this post now to give you permament link so i will just tell you what i know about the case.<br /><br />First of all this "Expert Advisor" costs 25 000$ (a lot of cash) but from what i have heared it isn't worth even 25 cents. So if you recive such offer by spam or something it is best just to ignore it.<br /><br />Ofcourse if you find offer interesting then you may want to buy it, in this case it is best to do your own due dilligence, search forums, ask questions etc. Do not buy just because advertisment looks good!<br /><br />Well this is second forex bad news this week, so i guess coming days can be only better .Grzesiekhttp://www.blogger.com/profile/00287721268869011001noreply@blogger.com3tag:blogger.com,1999:blog-20688416.post-38394274680633050172007-02-11T21:51:00.000-08:002008-01-30T23:46:53.164-08:00Stop using HedgeHog!I have a quite sad news for you, i backtested both hedgehog strategies with MetaTrader which i described earlier and results are not as good as i thought.<br /><br />More over using HedgeHog you cannot even breakeven it is a fast way to loose all your money. It is interesting because when i backtested it with spreadsheet results where quite good, and i used the worst case scenerio because i was backtesting this strategy on daily bars, so modeling quality was quite low.<br /><br />Although HedgeHog seemed to be simple and effective strategy, without a big drawdown, so everything should be ok but ... well it isn't.<br /><br />If you want to try to trade this strategy anyway, then you better try it on demo first and do not use big lots.Grzesiekhttp://www.blogger.com/profile/00287721268869011001noreply@blogger.com3tag:blogger.com,1999:blog-20688416.post-1166336757074587032006-12-16T22:21:00.000-08:002008-02-02T23:07:25.320-08:00Forex easy successWhen i started trading, i had two months in a row when i made about +20% on my capital every single month. I thought i was already good at trading, but i <span style="font-style: italic;">didn't started to trade real money</span> because i remembered the old rule: you need at least two years to get good at it, and that was a great decision because next months brought me nothing but loses.<br /><br />Despite i made a lot of (virtual) cash i didn't learned a thing, i was just enjoying my profitable trades and thought to myself how good i am at this. Don't make the same mistake i made, try to learn from all your trades.<br />Think about:<br />- why you made a trade<br />- what market did<br />- what you should do next time when similar event will occur.<br /><br />I keep all my positions open for at least few days, so it is not a problem for me to remember them, but if your trading style requires you to make several trades a day then you should start a journal, you may think they are for 13 year old girls but they are not, all highly successful people write and update their journals. Alternatively you may try starting a blog it is free and you can share with other traders your ideas, thoughts and what you are doing. People are generally nice and will be happy to help you with trading.<br /><br />I also realized that <span style="font-weight: bold;">effortless success is worthless success</span>. It may be good in a short run but in the long run, the problem is <span style="font-weight: bold;">no one ever learned from easy success</span>. After few good trades people tend to think: hey i know this stuff, and they start to bet big bucks and <span style="font-style: italic;">what they bet on is nothing more then luck</span>.<br /><br />Some time ago i knew a guy who took 10 000$ loan from bank to trade on forex, when i first met him he had only 4 000$ left. He told me then that he read an article on internet about a man who made millions on stock market and he thought that <span style="font-weight: bold;">trading is a fast and effective way of making money</span>. So like i said he<span style="font-style: italic;"> borrowed cash</span> and started trading. After just two months he lost 4 000$, so he decided to buy automatic system ("magic pill") which will trade for him. First month of robot trading was great, he recovered some cash and everything was going straight, but the disaster was still to come, suddenly out of nowhere robot started losing, poor guy didn't knew why and what to do with it, because he bought this robot and let it work, without looking into sophisticated algorithm robot was built of, the only thing he knew was: robot is losing. When he finally decided to turn off automatic trader, he was already down additional 2 000$ and of course profits that this robot made were also gone.<br /><br />When you first look at this story it seems there is no "<span style="font-weight: bold;">easy success</span>" embedded, but i assure you there is. It's an article about a guy who made millions from stock market, but often it can be short sentence like "<span style="font-style: italic;">You can make easily 200$ a day by trading forex market</span>".<br /><br /><span style="font-weight: bold;">I am not saying that making big cash on forex is impossible</span>, i am merely saying that <span style="font-weight: bold;">road to success is not as easy as it looks like</span>. You have to make a lot of trades loose cash (better to start with virtual money), learn from your trades, analyze them, search for patterns on charts and <span style="font-weight: bold;">develop your own style which will feet you</span>, not your need of money.<br /><br /><span style="font-weight: bold;">The most successful forex traders i know are not the ones who made money very fast</span>, but those who lost their deposits twice before they started to make money month by month and yes it took them about two years to get there.<br /><br />But again don't get me wrong on this, you don't have to lost 20 000$ to start making money. I am just saying you should be prepared for it, trade for at least six months on demo account, then when you will get comfortable with trading demo, start <span style="font-weight: bold;">trading real cash with oanda, marketiva or fxsol</span>. This are brokers who will let you trade with small amount of units this also means small deposit, as low as one for oanda and marketivaGrzesiekhttp://www.blogger.com/profile/00287721268869011001noreply@blogger.com16tag:blogger.com,1999:blog-20688416.post-1150802303474328652006-06-20T03:33:00.000-07:002008-01-30T23:47:23.410-08:00Do not buy unknown Forex Trading Strategy!Lately i was many times asked about, forex trading strategies for sale, they always offer big returns easy trading without stress and the can be applied by everyone.<br /><br />So i decided to make my own investigation, and i must admit i had big issue with those trading strategies, they all show proofs of earning, have got "happy" customers statments even with their happy faces, but on the other hand i never heard that someone made money trading bought strategy. I actually couldn't find anyone who was or is using one of this strategies, so i asked asuthors.<br /><br />Results where terryfinig it happens those who sell this strategies don't even know what they are talking about, for example what is "forex trading hours" some of sellers are not even aware of that they can trade forex 24 hours a day!!! Not to mention they do not even know what leverage, long or short position is.<br /><br />There also happens sellers who know what forex is, proboably traded for some years but there are no proofs they made money, or that they strategies are succesfull.<br /><br />Finally there are few gems i can recommend, i contacted their authors and belive buying this books will be a good investment.<br /><ol><li><a href="http://grzesiek.drforex.hop.clickbank.net/">Bird Watching in Lion Country</a></li><li><a href="http://grzesiek.forextech.hop.clickbank.net/">Guide to Profitable Forex Day Trading</a></li><li><a href="http://grzesiek.monikak.hop.clickbank.net/">Forex Trading Strategies</a><br /></li></ol>If you have any experiences with any of this strategies please comment my post or write to me, it will be interesting for us all.Grzesiekhttp://www.blogger.com/profile/00287721268869011001noreply@blogger.com13tag:blogger.com,1999:blog-20688416.post-1150719980529706482006-06-19T05:25:00.000-07:002008-01-30T23:47:35.063-08:00Foreign banks increase exposure in gilts & forexWith the ongoing volatility in domestic interest rates as well as in the Sensex movement, foreign banks, whose numbers may be small, have suddenly emerged as the leading players in both the segments - gilts and forex - in the money market. In the first week of the current month, foreign banks have bought g-secs worth nearly Rs 1,000 crore on a daily basis. This accounts for nearly 40% of the total daily g-secs deals , which is much higher than the earlier period. <p>According to Clearing Corporation of India Ltd (CCIL), the share of foreign banks in total g-secs' purchases was only 28% in May. In April, their share was still lower at 24%.<br /></p><p>The Reserve Bank of India (RBI) permits foreign banks to classify government securities purchased under the reverse repo auction as part of the statutory liquidity requirements (SLR) exposure of the bank. However, given the 50 basis points rise in reverse repo rates in the last six months, purchase of securities through reverse repo auction has proved to be a costlier route. As a result, foreign banks prefer outright purchase of g-sec through the secondary market. </p><p>Further, given the prevailing high volatility in the domestic equity markets, many foreign banks have pared their exposure in equities and increased that in the government securities.<br /></p><p><a href="http://www.financialexpress.com/fe_full_story.php?content_id=130822">Read more here</a>.<br /></p>Grzesiekhttp://www.blogger.com/profile/00287721268869011001noreply@blogger.com4tag:blogger.com,1999:blog-20688416.post-1150719912757975042006-06-19T05:24:00.000-07:002008-01-30T23:47:46.729-08:00Financial Technologies (India) recommends 260% dividendFinancial Technologies India has recommended a final dividend of 260% for the year. During the year the company has paid interim dividend of 40% and accordingly, total dividend for the year aggregates to 300%.<br /><br />The decision was taken by the board of directors of the company at its meeting held on June 17, 2006.<br /><br />Financial Technologies (India) (FTIL), headquartered in India and listed on the Bombay Stock Exchange, is India`s leading vertical specialist enterprise delivering mission-critical, straight through processing solutions comprising domain expertise, technology licensing and development & transaction outsourcing services.<br /><br /><a href="http://www.myiris.com/newsCentre/newsPopup.php?fileR=20060619122626088&dir=2006/06/19&secID=livenews">Read more here</a>.Grzesiekhttp://www.blogger.com/profile/00287721268869011001noreply@blogger.com6