Yen to Rise Further Due to Government Insufficiency
The Japanese Yen may rise further through the end of the country’s fiscal year on March 31, as exporters buy the currency to hedge revenues, and money managers bring funds home amid the global slump. Analysts forecast that the market should expect even further Yen appreciation as the Japanese fiscal year comes to a close, as both corporate hedging and investor repatriation flows support the currency. The Japanese currency closed at 89.34 per Dollar from $89.68 yesterday. The Yen has gained 1% against the greenback this month, following a 23% rally last year. The JPY may continue to strengthen as investors unwind so-called carry trades, where they borrowed in the currency to invest in nations where benchmark Interest Rates exceeds Japan’s 0.1%.
Recently, some important market players have called for more aggressive government measures to halt the Yen’s rise. It’s important to note that the strong Yen has significantly hits exporters profits. Even though the world is currently in a deep recession, it seems the Japanese government’s policies are totally insufficient, according to many leading industrial leaders. Japan’s Finance Ministry is unlikely to shield the country’s exporters from a rising currency by ordering the Bank of Japan to intervene and sell the Yen. Some analysts predict that the structural Yen appreciation has yet to run its course as there remains scope for investors to unwind more carry trades, and they believe that JPY will appreciate further versus the USD, possibly to the 84 Yen within 3 months.
Sabtu, 31 Januari 2009
EUR Falls on Weak Economic Data
The European currency retreated from gains made earlier in the week against its major counterparts. Against the USD it was down about 2% at $1.2889, after hitting a session low of $1.2875, and versus the Japanese currency, the EUR was down over 2% at 115.18 Yen. The EUR currency slipped on comments by European Central Bank (ECB) President Jean-Claude Trichet, who said that the ECB could cut key Euro-Zone Interest Rates below the current 2%, in addition to more unconventional measures.
The weak economic figures which came out of the Euro-Zone reversed any significant gains that the EUR made against the Dollar in recent days. The underlining weakness in the European economy was data showing that German unemployment posted its biggest increase in nearly four years in January. In addition, the European Commission said its index of executive and consumer sentiment declined to a record in January. The index fell to 68.9, the lowest level since it was started in 1985. Analysts say that for many investors, the strategy appears to be simple: to avoid risk; which means funds are flowing out of the EUR and back into the Dollar and the Yen. The slowing economic growth of the Euro-Zone has prompted investors to repatriate funds from higher-yielding assets that might cause the EUR to decline further.
Looking ahead to today, there are 2 important economic data releases coming out of the Euro-Zone. The CPI Flash Estimate and the Unemployment Rate figures are set to be published at 10.00 GMT. If these figures are better than expected, then the EUR may reverse some of yesterday’s declines. However, if the figures are in line with forecasts or worse, then the EUR may make additional losses today vs. the Dollar, Pound, and Yen. Forex traders are advised to pay attention to GDP figures coming from the U.S., and Consumer Confidence data coming from Britain later today, as this may determine the Euro’s strength against the GBP and USD into the middle of next week.
The European currency retreated from gains made earlier in the week against its major counterparts. Against the USD it was down about 2% at $1.2889, after hitting a session low of $1.2875, and versus the Japanese currency, the EUR was down over 2% at 115.18 Yen. The EUR currency slipped on comments by European Central Bank (ECB) President Jean-Claude Trichet, who said that the ECB could cut key Euro-Zone Interest Rates below the current 2%, in addition to more unconventional measures.
The weak economic figures which came out of the Euro-Zone reversed any significant gains that the EUR made against the Dollar in recent days. The underlining weakness in the European economy was data showing that German unemployment posted its biggest increase in nearly four years in January. In addition, the European Commission said its index of executive and consumer sentiment declined to a record in January. The index fell to 68.9, the lowest level since it was started in 1985. Analysts say that for many investors, the strategy appears to be simple: to avoid risk; which means funds are flowing out of the EUR and back into the Dollar and the Yen. The slowing economic growth of the Euro-Zone has prompted investors to repatriate funds from higher-yielding assets that might cause the EUR to decline further.
Looking ahead to today, there are 2 important economic data releases coming out of the Euro-Zone. The CPI Flash Estimate and the Unemployment Rate figures are set to be published at 10.00 GMT. If these figures are better than expected, then the EUR may reverse some of yesterday’s declines. However, if the figures are in line with forecasts or worse, then the EUR may make additional losses today vs. the Dollar, Pound, and Yen. Forex traders are advised to pay attention to GDP figures coming from the U.S., and Consumer Confidence data coming from Britain later today, as this may determine the Euro’s strength against the GBP and USD into the middle of next week.
Senin, 26 Januari 2009
PayPal Now Speaks Your Language and Much More
New and Improved PayPal
More Languages, Tailored Content, and More
We are pleased to welcome you to the new, enhanced version of the PayPal website where you'll find new languages, quicker and easier navigation, tailored content, and more - just in time for the Holiday season.
What does this mean for you?
• PayPal now speaks your language! Find what you need in Thai, Indonesian Bahasa, and Traditional Chinese!
• Simpler and faster access to relevant information
• Safer and easier shopping and selling experiences for the Holidays
No matter what the amount, when you pay with PayPal, get free protection coverage for qualifying items bought on ebay.com and ebay.co.uk - in the unlikely event something goes wrong.
Check the 'Buy Safely' section on eBay when viewing your item and start your holiday shopping on ebay.com or ebay.co.uk with peace of mind.
New and Improved PayPal
More Languages, Tailored Content, and More
We are pleased to welcome you to the new, enhanced version of the PayPal website where you'll find new languages, quicker and easier navigation, tailored content, and more - just in time for the Holiday season.
What does this mean for you?
• PayPal now speaks your language! Find what you need in Thai, Indonesian Bahasa, and Traditional Chinese!
• Simpler and faster access to relevant information
• Safer and easier shopping and selling experiences for the Holidays
No matter what the amount, when you pay with PayPal, get free protection coverage for qualifying items bought on ebay.com and ebay.co.uk - in the unlikely event something goes wrong.
Check the 'Buy Safely' section on eBay when viewing your item and start your holiday shopping on ebay.com or ebay.co.uk with peace of mind.
Minggu, 25 Januari 2009
Introduction to Currency Trading
The foreign exchange market (forex or FX for short) is one of the most exciting, fast-paced markets around. Until recently, forex trading in the currency market had been the domain of large financial institutions, corporations, central banks, hedge funds and extremely wealthy individuals. The emergence of the internet has changed all of this, and now it is possible for average investors to buy and sell currencies easily with the click of a mouse through online brokerage accounts.
Daily currency fluctuations are usually very small. Most currency pairs move less than one cent per day, representing a less than 1% change in the value of the currency. This makes foreign exchange one of the least volatile financial markets around. Therefore, many currency speculators rely on the availability of enormous leverage to increase the value of potential movements. In the retail forex market, leverage can be as much as 250:1. Higher leverage can be extremely risky, but because of round-the-clock trading and deep liquidity, foreign exchange brokers have been able to make high leverage an industry standard in order to make the movements meaningful for currency traders.
Extreme liquidity and the availability of high leverage have helped to spur the market's rapid growth and made it the ideal place for many traders. Positions can be opened and closed within minutes or can be held for months. Currency prices are based on objective considerations of supply and demand and cannot be manipulated easily because the size of the market does not allow even the largest players, such as central banks, to move prices at will.
The forex market provides plenty of opportunity for investors. However, in order to be successful, a currency trader has to understand the basics behind currency movements.
The goal of this forex tutorial is to provide a foundation for investors or traders who are new to the foreign currency markets. We'll cover the basics of exchange rates, the market's history and the key concepts you need to understand in order to be able to participate in this market. We'll also venture into how to start trading foreign currencies and the different types of strategies that can be employed.
The foreign exchange market (forex or FX for short) is one of the most exciting, fast-paced markets around. Until recently, forex trading in the currency market had been the domain of large financial institutions, corporations, central banks, hedge funds and extremely wealthy individuals. The emergence of the internet has changed all of this, and now it is possible for average investors to buy and sell currencies easily with the click of a mouse through online brokerage accounts.
Daily currency fluctuations are usually very small. Most currency pairs move less than one cent per day, representing a less than 1% change in the value of the currency. This makes foreign exchange one of the least volatile financial markets around. Therefore, many currency speculators rely on the availability of enormous leverage to increase the value of potential movements. In the retail forex market, leverage can be as much as 250:1. Higher leverage can be extremely risky, but because of round-the-clock trading and deep liquidity, foreign exchange brokers have been able to make high leverage an industry standard in order to make the movements meaningful for currency traders.
Extreme liquidity and the availability of high leverage have helped to spur the market's rapid growth and made it the ideal place for many traders. Positions can be opened and closed within minutes or can be held for months. Currency prices are based on objective considerations of supply and demand and cannot be manipulated easily because the size of the market does not allow even the largest players, such as central banks, to move prices at will.
The forex market provides plenty of opportunity for investors. However, in order to be successful, a currency trader has to understand the basics behind currency movements.
The goal of this forex tutorial is to provide a foundation for investors or traders who are new to the foreign currency markets. We'll cover the basics of exchange rates, the market's history and the key concepts you need to understand in order to be able to participate in this market. We'll also venture into how to start trading foreign currencies and the different types of strategies that can be employed.
RebateFX
What is FOREX?
Forex (FOreign EXchange) is an Interbank system of exchanging foreign currencies at an agreed rate.
Every day, between 1-3 Trillion dollars is traded in the worldwide Forex market. The worldwide Securities market is estimated at just 300 billion dollars daily.
Trading Stocks and Securities is suspended at the end of each day. Forex can be traded 24 hours a day, 5 days a week (Mon-Fri). The lack of a central trading floor allows the Forex market to remain open across timezones.
Are you ready to get your piece of the action?
Why Choose RebateFX?
* Get a monthly forex rebate of 1/2 a pip on every forex trade you make. Winner or Loser! (+/- 4 pips or more)
* The Forex Rebate is set at *$5 per lot traded. There is no sliding scale depending on a certain trade volume unlike other companies offering a forex rebate.
* Get a FREE $25 bonus on every Standard Account opened! (After Deposit)
* With the $25 Deposit Bonus, 1/2 pip forex rebate, and the $100, 10 lot volume bonus, you are immediately $175 better off trading with us than any other broker!
* Free Strategy Pack on opening a Standard Account, including proven, easy to follow, profitable forex trading strategies to help you on your way to success
*Depends on the value per pip. $5 is based on $10 per pip forex currency pairs like eur/usd or gbp/usd.
What is FOREX?
Forex (FOreign EXchange) is an Interbank system of exchanging foreign currencies at an agreed rate.
Every day, between 1-3 Trillion dollars is traded in the worldwide Forex market. The worldwide Securities market is estimated at just 300 billion dollars daily.
Trading Stocks and Securities is suspended at the end of each day. Forex can be traded 24 hours a day, 5 days a week (Mon-Fri). The lack of a central trading floor allows the Forex market to remain open across timezones.
Are you ready to get your piece of the action?
Why Choose RebateFX?
* Get a monthly forex rebate of 1/2 a pip on every forex trade you make. Winner or Loser! (+/- 4 pips or more)
* The Forex Rebate is set at *$5 per lot traded. There is no sliding scale depending on a certain trade volume unlike other companies offering a forex rebate.
* Get a FREE $25 bonus on every Standard Account opened! (After Deposit)
* With the $25 Deposit Bonus, 1/2 pip forex rebate, and the $100, 10 lot volume bonus, you are immediately $175 better off trading with us than any other broker!
* Free Strategy Pack on opening a Standard Account, including proven, easy to follow, profitable forex trading strategies to help you on your way to success
*Depends on the value per pip. $5 is based on $10 per pip forex currency pairs like eur/usd or gbp/usd.
Jumat, 23 Januari 2009
An Introduction to Forex
The Forex market is the largest financial market in the world, with a daily average turnover of over US$1.9 trillion - over 32 times larger than the combined volume of all U.S. equity markets.
The Forex market grew out of the abandonment of the Bretton Woods Agreement and the progressive unwinding of the regime of fixed exchange rates in the 1970's.
Contrary to popular belief, the unification of many European currencies into one single currency (the Euro) has only strengthened and rendered more popular the use of forex as an investment, a hedging instrument and as a tool for speculation. The most marked development has been the growth of forex in the retail market, the tightening of spreads and drastic improvement of trading conditions for the small trader.
About 5% of daily turnover is from companies and governments that buy or sell products and services in a foreign country or must convert profits made in foreign currencies into their domestic currency. The other 95% is trading for profit, or speculation.
Forex is the simultaneous buying of one currency and selling of another. Currencies are traded in pairs, for example Euro/US Dollar (EUR/USD) or US Dollar/Japanese Yen (USD/JPY).
For speculators, the best trading opportunities are with the most commonly traded (and therefore most liquid) currencies, called "the majors." Today, more than 85% of all daily transactions involve trading of the majors, which include the US Dollar, Japanese Yen, Euro, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar.
A true 24-hour market, Forex trading begins each day in Auckland and Sydney and moves around the globe as the business day begins in each financial centre, then to Tokyo, Europe, London, and New York. Unlike any other financial market, investors can respond to currency fluctuations caused by economic, social and political events at the time they occur - day or night.
Currency Pairs and the Rate of Exchange
Every forex transaction is an exchange between two currencies, each denoted by a unique three-letter code. Currency pairings are expressed as two codes usually separated by a division symbol (e.g. GBP/USD), the first representing the "base currency" and the other the "secondary currency". The base currency is the one that you are buying or selling. The exchange rate is the price of one currency in terms of another. For example GBP/USD = 1.7545 denotes that one unit of sterling (the base currency) can be exchanged for 1.7545 US dollars (the secondary currency).
Majors and Crosses
Pairings with the US dollar are known as the "majors". The "big four" majors are:
EUR/USD (Euro/US dollar),
GBP/USD (Sterling/US dollar, known as "cable"),
USD/JPY (US dollar /Japanese yen),
USD/CHF (US dollar / Swiss franc).
Pairings of non-US dollar currencies are known as "crosses".
Cross rates can be derived for Sterling, Euro, Japanese Yen and the Swiss Franc from the aforementioned major pairs but other major currencies to be traded in pairs include the Canadian, Australian and New Zealand dollar, the Swedish, Norwegian and Czech Kronor and the South African Rand.
Spot forex is margined offering a high degree of leverage. As with all highly leveraged products this is a two edged sword as losses will be magnified in addition to profits. Leverage is best defined as the amount, expressed as a multiple, by which the notional amount traded exceeds the margin required to trade. For example, if the notional amount traded (also referred to as the "lot size" or "contract value") is $100,000 and the required margin is $1,000, the client can trade with 100 times leverage ($100,000/$1,000) or 1% margin.
Typical spot forex traders include individual investors, financial professionals and intermediaries, institutional investors and fund managers, introducing agents and brokers.
The Forex market is the largest financial market in the world, with a daily average turnover of over US$1.9 trillion - over 32 times larger than the combined volume of all U.S. equity markets.
The Forex market grew out of the abandonment of the Bretton Woods Agreement and the progressive unwinding of the regime of fixed exchange rates in the 1970's.
Contrary to popular belief, the unification of many European currencies into one single currency (the Euro) has only strengthened and rendered more popular the use of forex as an investment, a hedging instrument and as a tool for speculation. The most marked development has been the growth of forex in the retail market, the tightening of spreads and drastic improvement of trading conditions for the small trader.
About 5% of daily turnover is from companies and governments that buy or sell products and services in a foreign country or must convert profits made in foreign currencies into their domestic currency. The other 95% is trading for profit, or speculation.
Forex is the simultaneous buying of one currency and selling of another. Currencies are traded in pairs, for example Euro/US Dollar (EUR/USD) or US Dollar/Japanese Yen (USD/JPY).
For speculators, the best trading opportunities are with the most commonly traded (and therefore most liquid) currencies, called "the majors." Today, more than 85% of all daily transactions involve trading of the majors, which include the US Dollar, Japanese Yen, Euro, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar.
A true 24-hour market, Forex trading begins each day in Auckland and Sydney and moves around the globe as the business day begins in each financial centre, then to Tokyo, Europe, London, and New York. Unlike any other financial market, investors can respond to currency fluctuations caused by economic, social and political events at the time they occur - day or night.
Currency Pairs and the Rate of Exchange
Every forex transaction is an exchange between two currencies, each denoted by a unique three-letter code. Currency pairings are expressed as two codes usually separated by a division symbol (e.g. GBP/USD), the first representing the "base currency" and the other the "secondary currency". The base currency is the one that you are buying or selling. The exchange rate is the price of one currency in terms of another. For example GBP/USD = 1.7545 denotes that one unit of sterling (the base currency) can be exchanged for 1.7545 US dollars (the secondary currency).
Majors and Crosses
Pairings with the US dollar are known as the "majors". The "big four" majors are:
EUR/USD (Euro/US dollar),
GBP/USD (Sterling/US dollar, known as "cable"),
USD/JPY (US dollar /Japanese yen),
USD/CHF (US dollar / Swiss franc).
Pairings of non-US dollar currencies are known as "crosses".
Cross rates can be derived for Sterling, Euro, Japanese Yen and the Swiss Franc from the aforementioned major pairs but other major currencies to be traded in pairs include the Canadian, Australian and New Zealand dollar, the Swedish, Norwegian and Czech Kronor and the South African Rand.
Spot forex is margined offering a high degree of leverage. As with all highly leveraged products this is a two edged sword as losses will be magnified in addition to profits. Leverage is best defined as the amount, expressed as a multiple, by which the notional amount traded exceeds the margin required to trade. For example, if the notional amount traded (also referred to as the "lot size" or "contract value") is $100,000 and the required margin is $1,000, the client can trade with 100 times leverage ($100,000/$1,000) or 1% margin.
Typical spot forex traders include individual investors, financial professionals and intermediaries, institutional investors and fund managers, introducing agents and brokers.
Money changer
Money changer is a trade involving exchanges of coins in different denomination. It is thought generally to be the origin of modern banking in Europe.During medieval times in Europe, many cities and towns issued their own coins, often carrying the face of a ruler, such as the regional baron or bishop. When outsiders, especially travelling merchants, visited towns for a market fair, it became necessary to exchange his foreign coins to local ones at local money changers. Money changers would assess a foreign coin for its type, wear and tear and possible counterfeit, then accept it as deposit, recording its value in local currency. The merchant could then withdraw the money in local currency to conduct trade or, more likely, keep it deposited and use its clearing facility to conduct trade. In the market, most large transaction were done not by cash/coins, but by transfer order of funds on the books kept at the local money changer(s). After a market/fair ended, merchants gathered at the local money changers and withdrew their deposit in their own different currencies. The rate of exchange between different foreign currencies and the local one were fixed between the opening and the closing days of the market. As the size and operations of money changers grew, they began to provide a lending facility, hiding the interest rate in foreign exchange rate transaction.
The Logic of Technical Analysis
What is Technical Analysis?
· Technical analysis involves the forecasting of exchange rate movement based solely upon statistics and price patterns
Simply put, technical analysis is the analysis of the market based on price action. While fundamental analysis looks at economic factors and geopolitical conditions (such as economic numbers, capital flows, and key political events) in an attempt to forecast exchange rates, technical analysis relies on the statistics and patterns in price movement for its forecast. Technical analysis has gained great popularity in recent history, especially as trends in computerized trading continue to develop and active traders continue to refine their strategies to best assess what is going on in the market at all times. In today’s marketplace, technical analysis has become an essential tool for any aspiring trader.
Why Technical Analysis Works
· Extremely popular, and hence offers insight into what many traders are doing
· More clear-cut and less controversial than fundamental analysis
· A simple way of making trading decisions
Many traders believe that technical analysis is a self-fulfilling prophecy – in other words, it works solely because it is popular and is used by many traders. For example, many technical traders put a 20 day moving average line on charts not because the moving average itself is statistically important, but rather because it is an extremely common indicator used by active traders of all sizes. The rationale is simple: if so many traders are basing their decisions off moving averages and other indicators, then those indicators must be watched closely, for they offer insight into what a vast majority of traders in the market are doing.
Because of this rationale, traders should focus on the most popular indicators in the trading community, and should use them in the most common way. This is the best way of tapping into the “psychology” of the market – in other words, it is a simple but highly effective way of understanding what other traders are up to, and how the market may move because of it. Contrary to popular belief, it is NOT a study that requires complex mathematics or computer algorithms. Rather, it is a study that requires looking at the same tools other traders use to understand what is happening in the market.
What is Technical Analysis?
· Technical analysis involves the forecasting of exchange rate movement based solely upon statistics and price patterns
Simply put, technical analysis is the analysis of the market based on price action. While fundamental analysis looks at economic factors and geopolitical conditions (such as economic numbers, capital flows, and key political events) in an attempt to forecast exchange rates, technical analysis relies on the statistics and patterns in price movement for its forecast. Technical analysis has gained great popularity in recent history, especially as trends in computerized trading continue to develop and active traders continue to refine their strategies to best assess what is going on in the market at all times. In today’s marketplace, technical analysis has become an essential tool for any aspiring trader.
Why Technical Analysis Works
· Extremely popular, and hence offers insight into what many traders are doing
· More clear-cut and less controversial than fundamental analysis
· A simple way of making trading decisions
Many traders believe that technical analysis is a self-fulfilling prophecy – in other words, it works solely because it is popular and is used by many traders. For example, many technical traders put a 20 day moving average line on charts not because the moving average itself is statistically important, but rather because it is an extremely common indicator used by active traders of all sizes. The rationale is simple: if so many traders are basing their decisions off moving averages and other indicators, then those indicators must be watched closely, for they offer insight into what a vast majority of traders in the market are doing.
Because of this rationale, traders should focus on the most popular indicators in the trading community, and should use them in the most common way. This is the best way of tapping into the “psychology” of the market – in other words, it is a simple but highly effective way of understanding what other traders are up to, and how the market may move because of it. Contrary to popular belief, it is NOT a study that requires complex mathematics or computer algorithms. Rather, it is a study that requires looking at the same tools other traders use to understand what is happening in the market.
Forex Signal Provider? Which One?
So you decided to make full time leaving from foreign exchange market? Or you are going to supplement your income from here? You have set up yourself with proper broker available. I believe you spent hundred of hours in front of PC trying to put together all maths and physics involving currency market. Now you watching business news in the morning paper and following CNBC channel to be on the top with latest information from exchange market. You trading your demo account trying to figure out how to make it all work? So? Does it? No?
Face the fact that in currency market all is possible and there is no golden rule to follow. There are so many aspects to consider that you will need at least another head to set this puzzle together.
But do not worry there is a hope that can make it work.
Signal solutions for forex trading. People who traded forex for a long time and developed their own systems to enter and exit with profit strategies. They will share this knowledge with you for varieties of prices from usd49 to usd499 a month for those precious information. Problem is which one will suit you best. Are they scams? How do I know?
For medium advanced forex trader is almost impossible to choose proper forex signal system, which is not a scam, or at least not profitable. There is bulk of forex signals providers out there. They all offer their signal solution to trade currency with success.
Advice is that you will have to establish what type of trader are you? Do you want to trade quickly or maybe over the days or weeks? What losses can you manage and how much money you want to invest.
As long as you know al that it is a time to pick up signal trade provider.
Few things worth researching are: performance, service offered and rewievs of the signal. Search on forum for another users of the product you are interested in and ask for comment. Every profitable system should be up on collective2 with real track performance. Look for service offered. You will quickly find out that only few offer free trail-option to try signals before you pay. Demand performance evidence.
But while doing all that hard work choosing your automat forex signal system remember that you will have to totally follow it without exceptions to make most out of it. Any even small innovation may have dramatic results in your own gains.
Remember that your future profits will depend on your signal provider so calculate carefully and make smart decisions.
So you decided to make full time leaving from foreign exchange market? Or you are going to supplement your income from here? You have set up yourself with proper broker available. I believe you spent hundred of hours in front of PC trying to put together all maths and physics involving currency market. Now you watching business news in the morning paper and following CNBC channel to be on the top with latest information from exchange market. You trading your demo account trying to figure out how to make it all work? So? Does it? No?
Face the fact that in currency market all is possible and there is no golden rule to follow. There are so many aspects to consider that you will need at least another head to set this puzzle together.
But do not worry there is a hope that can make it work.
Signal solutions for forex trading. People who traded forex for a long time and developed their own systems to enter and exit with profit strategies. They will share this knowledge with you for varieties of prices from usd49 to usd499 a month for those precious information. Problem is which one will suit you best. Are they scams? How do I know?
For medium advanced forex trader is almost impossible to choose proper forex signal system, which is not a scam, or at least not profitable. There is bulk of forex signals providers out there. They all offer their signal solution to trade currency with success.
Advice is that you will have to establish what type of trader are you? Do you want to trade quickly or maybe over the days or weeks? What losses can you manage and how much money you want to invest.
As long as you know al that it is a time to pick up signal trade provider.
Few things worth researching are: performance, service offered and rewievs of the signal. Search on forum for another users of the product you are interested in and ask for comment. Every profitable system should be up on collective2 with real track performance. Look for service offered. You will quickly find out that only few offer free trail-option to try signals before you pay. Demand performance evidence.
But while doing all that hard work choosing your automat forex signal system remember that you will have to totally follow it without exceptions to make most out of it. Any even small innovation may have dramatic results in your own gains.
Remember that your future profits will depend on your signal provider so calculate carefully and make smart decisions.
Kamis, 22 Januari 2009
Philippines & Indonesia gets Local Bank Withdrawals from Paypal
Paypal members in the Philippines and Indonesia gets a very early new year’s treat with the introduction of direct local bank withdrawals made effective yesterday. I an email announcement to all users on both South-East Asian countries, Paypal will now accept funds in their respective local currencies.
This feature was only previously available with US-based bank accounts. This is now possible for Paypal members in Indonesia and the Philippines on top of the existing methods (credit card, debit card or prepaid cards).
For Indonesian users, withdrawals of IDR1.5 Million (Indonesian Rupiah) or more are free. For withdrawal amounts of less than IDR1.5 Million, there will be a fee of IDR16,000. For Philippine users, withdrawals of Php7,000 or more are free. For withdrawal amounts less than Php7,000 there will be a fee of Php50. If you still have a US-based Paypal account, withdrawals to a US-based bank will incur a $5 fee.
The “almost complete” feature was delivered by the eBay subsidiary in the Philippines (including neighboring ASEAN countries such as Malaysia and Indonesia) in just a span of 4 months after it originally made the news last September 2007. The only other lacking feature is being able to fund your Paypal account with your local bank account. Otherwise, this development has finally concluded the expansion of Paypal in these parts of the region.
I’ve dispatched an email to the reps of eBay/Paypal for South East Asia with additional questions. I am actually more interested in how this speedy development has got to do with eBay Philippines and its apparent migration to the subscription model.
Update: Here’s a copy of the official Paypal Press Release sent to me today:
Philippines, 28 Jan 2008 – PayPal, an eBay company, announced today a new bank withdrawal feature that enables registered PayPal users in the Philippines to withdraw money from their PayPal account directly to a Philippines bank account.
This new feature allows Philippine sellers to gain fast and convenient access to their funds and makes doing business on eBay and globally even easier.
“We are constantly looking for ways to improve the user experience for PayPal members and are excited to offer this new bank withdrawal feature which we believe will provide greater convenience for Philippine sellers,” said Sandeep Lal, Vice President of PayPal International.
The new withdrawal method is in addition to the existing withdrawal options to a Visa® debit card, credit card, prepaid card, or US bank account.
Paypal members in the Philippines and Indonesia gets a very early new year’s treat with the introduction of direct local bank withdrawals made effective yesterday. I an email announcement to all users on both South-East Asian countries, Paypal will now accept funds in their respective local currencies.
This feature was only previously available with US-based bank accounts. This is now possible for Paypal members in Indonesia and the Philippines on top of the existing methods (credit card, debit card or prepaid cards).
For Indonesian users, withdrawals of IDR1.5 Million (Indonesian Rupiah) or more are free. For withdrawal amounts of less than IDR1.5 Million, there will be a fee of IDR16,000. For Philippine users, withdrawals of Php7,000 or more are free. For withdrawal amounts less than Php7,000 there will be a fee of Php50. If you still have a US-based Paypal account, withdrawals to a US-based bank will incur a $5 fee.
The “almost complete” feature was delivered by the eBay subsidiary in the Philippines (including neighboring ASEAN countries such as Malaysia and Indonesia) in just a span of 4 months after it originally made the news last September 2007. The only other lacking feature is being able to fund your Paypal account with your local bank account. Otherwise, this development has finally concluded the expansion of Paypal in these parts of the region.
I’ve dispatched an email to the reps of eBay/Paypal for South East Asia with additional questions. I am actually more interested in how this speedy development has got to do with eBay Philippines and its apparent migration to the subscription model.
Update: Here’s a copy of the official Paypal Press Release sent to me today:
Philippines, 28 Jan 2008 – PayPal, an eBay company, announced today a new bank withdrawal feature that enables registered PayPal users in the Philippines to withdraw money from their PayPal account directly to a Philippines bank account.
This new feature allows Philippine sellers to gain fast and convenient access to their funds and makes doing business on eBay and globally even easier.
“We are constantly looking for ways to improve the user experience for PayPal members and are excited to offer this new bank withdrawal feature which we believe will provide greater convenience for Philippine sellers,” said Sandeep Lal, Vice President of PayPal International.
The new withdrawal method is in addition to the existing withdrawal options to a Visa® debit card, credit card, prepaid card, or US bank account.
Top 10 Places to Use Your New Paypal Account
Now that we’ve finally tasted the full potential of the globalized economy, thanks to Paypal going full-circle, I’m hopeful that e-commerce in the Philippines would flourish in whatever way, shape or form and Filipinos would start shedding their paranoia over online transactions.
Here’s my Top 10 list of where you can use your new Paypal account:
Text Link Ads - before, you can only request for cheques via Registered Mail and that takes about 25 days to arrive in your local post office (assuming that it doesn’t get lost along the way).
Chitika - this used to be the buzz last year but after several re-alignments, bloggers started dropping it off their list. Still, for those very few who are still using it, they’d be able to get whatever small amount of revenue they had floating in there. Just got my $32.58 from there the other day (and that’s for the whole year of 2006).
Feedburner Ad Network (FAN) - after joining FAN over 7 months ago, I wasn’t really abl to receive anything from them since only payment option was Paypal. The earning wasn’t that significant, and ever since Google bought them 4 months ago, no advertiser has since been coming back. Still, I was able to recover my payments from them thru Paypal.
AdMob - since I signed up for AdMob, I realized I had over a thousand visitors viewing via WAP. The additional $2 a day on average goes to my Paypal account too.
Kontera - their minimum payment is $100 so you don’t get paid if you haven’t accumulated that much. But with Paypal, they transmit your revenues at the end of the month whatever the amount is.
Pay Per Post - I don’t have an account here but I know they only accept Paypal too at the start.
ReviewMe - this service is owned by the same company handling TLA (see #1)
Clicksor - an PPC alternative, Clicksor is one of the earlier direct competitor to AdSense
Bidvertiser - I saw a pic of Retz holding a six-figure cheque (PHP) from Bidvertiser before so looks like these guys are paying good money. That’s after he got banned from AdSense.
Revver - yup, you can make money from your videos too.
The best thing is, you can now easily get donations from your readers using your Paypal account. Ain’t that neat?
Now that we’ve finally tasted the full potential of the globalized economy, thanks to Paypal going full-circle, I’m hopeful that e-commerce in the Philippines would flourish in whatever way, shape or form and Filipinos would start shedding their paranoia over online transactions.
Here’s my Top 10 list of where you can use your new Paypal account:
Text Link Ads - before, you can only request for cheques via Registered Mail and that takes about 25 days to arrive in your local post office (assuming that it doesn’t get lost along the way).
Chitika - this used to be the buzz last year but after several re-alignments, bloggers started dropping it off their list. Still, for those very few who are still using it, they’d be able to get whatever small amount of revenue they had floating in there. Just got my $32.58 from there the other day (and that’s for the whole year of 2006).
Feedburner Ad Network (FAN) - after joining FAN over 7 months ago, I wasn’t really abl to receive anything from them since only payment option was Paypal. The earning wasn’t that significant, and ever since Google bought them 4 months ago, no advertiser has since been coming back. Still, I was able to recover my payments from them thru Paypal.
AdMob - since I signed up for AdMob, I realized I had over a thousand visitors viewing via WAP. The additional $2 a day on average goes to my Paypal account too.
Kontera - their minimum payment is $100 so you don’t get paid if you haven’t accumulated that much. But with Paypal, they transmit your revenues at the end of the month whatever the amount is.
Pay Per Post - I don’t have an account here but I know they only accept Paypal too at the start.
ReviewMe - this service is owned by the same company handling TLA (see #1)
Clicksor - an PPC alternative, Clicksor is one of the earlier direct competitor to AdSense
Bidvertiser - I saw a pic of Retz holding a six-figure cheque (PHP) from Bidvertiser before so looks like these guys are paying good money. That’s after he got banned from AdSense.
Revver - yup, you can make money from your videos too.
The best thing is, you can now easily get donations from your readers using your Paypal account. Ain’t that neat?
Withdraw Paypal Money from your Citibank Credit Card
Here’s another way of getting your Paypal funds into one of your credit cards here in the Philippines. I initially thought this method would before but only got confirmation about it from Citibank just yesterday.
CitibankIt seems that only Visa credit cards are allowed to be added into your Paypal account. Not surprising since Paypal has it’s own Visa credit card. Maybe a partnership with the credit company.
So there are two ways to get your money from your Citibank credit card account after you’ve made a fund transfer from your Paypal account:
* Get your money via “Cash Advance“. Be reminded though that cash advances carries a fee (I think 6%) and a monthly interest rate (if you have a running payable balance).
* Request an “Over-Payment Cheque“. This does not entail any additional charges, fees or interests. Just go to your nearest Citibank branch and request for the cheque for your account.
The Cash Advance route may not be practical as it has some charges. Still, it’s one of the fastest way to get your funds as you can use your credit card to withdraw the cash on any partner ATM. The cheque route is least expensive (no charges) but may take some time to actually encash.
Here’s another way of getting your Paypal funds into one of your credit cards here in the Philippines. I initially thought this method would before but only got confirmation about it from Citibank just yesterday.
CitibankIt seems that only Visa credit cards are allowed to be added into your Paypal account. Not surprising since Paypal has it’s own Visa credit card. Maybe a partnership with the credit company.
So there are two ways to get your money from your Citibank credit card account after you’ve made a fund transfer from your Paypal account:
* Get your money via “Cash Advance“. Be reminded though that cash advances carries a fee (I think 6%) and a monthly interest rate (if you have a running payable balance).
* Request an “Over-Payment Cheque“. This does not entail any additional charges, fees or interests. Just go to your nearest Citibank branch and request for the cheque for your account.
The Cash Advance route may not be practical as it has some charges. Still, it’s one of the fastest way to get your funds as you can use your credit card to withdraw the cash on any partner ATM. The cheque route is least expensive (no charges) but may take some time to actually encash.
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