tag:blogger.com,1999:blog-206784162024-02-28T04:15:11.367-08:00Forex Online TradingThe Smartest Way to Make Money From Internet
Cara Cerdas Menghasilkan Uang dari InternetLusia Mulianahttp://www.blogger.com/profile/16443743828948115938noreply@blogger.comBlogger22125tag:blogger.com,1999:blog-20678416.post-19348514972280074022010-07-19T07:48:00.000-07:002010-07-19T07:54:55.944-07:00Belajar Trading Forex Gratis!<div class="entrybody"> <div style="text-align: left;"><span style="color: rgb(0, 0, 153);">Belajar Trading </span><span style="color: rgb(0, 0, 153);">Forex, </span><span style="color: rgb(0, 0, 153);">Indeks, dan Komoditi Paling Dahsyat Abad Ini!<br /><br /></span></div><div style="text-align: center;"><span style="color: rgb(255, 0, 0);font-size:130%;" >Bagaimana Cara Belajar Forex Langsung Praktek dan Langsung Bisa Dalam Lima Menit atau Kurang, Atau Gratis $5!<br />Kami Tunjukkan caranya!</span><br /></div><p style="text-align: justify;"><span style="font-weight: bold; color: rgb(255, 0, 0);">Dalam rangka</span> memberikan pendidikan kepada seluruh masyarakat agar <span style="color: rgb(255, 0, 0); font-weight: bold;">Melek Finansial</span>, kami menyelenggarakan kursus cepat cara belajar valas atau belajar forex dalam Bahasa Indonesia yang sangat efektif dan efisien sehingga belajar forex / valas, saham, komoditi, dan index, <span style="font-weight: bold; color: rgb(255, 0, 0);">dalam 5 menit atau kurang</span> anda dijamin sudah langsung bisa, atau anda akan mendapat <span style="font-weight: bold; color: rgb(255, 0, 0);">bonus uang langsung senilai $5</span>.</p> <p style="text-align: justify;">Mengapa Anda Perlu Belajar Forex atau Belajar Valas? <span style="font-weight: bold; color: rgb(255, 0, 0);">Karena dengan Belajar Forex anda akan bisa mengetahui</span>:</p> <ol style="text-align: justify;"><li>Bagaimana cara agar bisa <span style="color: rgb(255, 0, 0);">Melek Finansial</span> dengan cepat!</li><li>Bagaimana belajar dengan cepat cara trading Saham, Forex / Valas, Komoditi, dan Index.</li><li>Mengapa menabung bukanlah cara yang cepat untuk menjadi kaya!</li><li>Mengapa uang di tabungan anda selalu berkurang nilainya!</li><li>Mengapa Lebih baik menyimpan dalam bentuk emas daripada tabungan di bank!</li><li>Mengapa bisnis (baca Bisnis Forex / Valas) jauh lebih baik daripada menabung!</li><li>Dan masih banyak lagi <span style="font-weight: bold; color: rgb(255, 0, 0);">Pelajaran Melek Finansial</span> lainnya!</li></ol> <p style="text-align: justify;">Anda akan belajar sejarah uang dan belajar bagaimana caranya mengamankan kondisi finansial Anda agar <span style="font-weight: bold; color: rgb(255, 0, 0);">KEKAYAAN</span> anda bertahan kekal sekarang, besok, dan selama lamanya!</p> <p><span style="color: rgb(255, 0, 0); font-weight: bold;">Apa yang anda perlu siapkan? Cukup dua hal:</span></p> <ol style="text-align: justify;"><li>Scan KTP untuk identifikasi.</li><li>Komputer dengan Koneksi Internet yang stabil. Anda bisa menggunakan komputer di rumah, kantor, warnet atau di tempat tempat lain yang penting ada koneksi internetnya.</li></ol><div style="text-align: justify;"> </div><p style="text-align: justify;">Sisanya kami yang sediakan mulai dari Modal, Support Sistem, Tenaga Pengajar, dan Materi Pembelajaran. Semua Kami ajarkan secara langsung langkah demi langkah terperinci dengan chatting langsung dengan para tenaga pengajar kami.</p><div style="text-align: justify;"> </div><p style="text-align: justify;"><a href="https://www.marketiva.com/index.ncre?page=open-account&gid=372" target="blank"><span style="font-weight: bold;">Isi formulir pendaftaran sekarang juga</span></a>, Dalam waktu kurang dari tiga menit anda sudah bisa praktek trading valas. <span style="color: rgb(255, 0, 0); font-weight: bold;">Kami pandu anda sepenuhnya dengan Bahasa Indonesia</span> lima hari kerja dalam seminggu (24/5), <span style="font-weight: bold; color: rgb(255, 0, 0);">SAMPAI BISA!</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;">Untuk Cara Mendaftar Langkah demi Langkah silakan <a href="http://marketiva4u.com/?p=33" target="blank">Klik Disini</a>.</p> <p><span style="font-weight: bold; color: rgb(51, 51, 255);">P.S:</span></p> <ol style="text-align: justify;"><li><a href="https://www.marketiva.com/index.ncre?page=open-account&gid=372" target="blank"><span style="color: rgb(255, 0, 0); font-weight: bold;">Daftar sekarang juga</span></a>, dan anda berhak mendapatkan bonus gratis uang mainan senilai 20,000 USD dan uang betulan senilai 5 USD.</li><li><span style="font-weight: bold; color: rgb(255, 0, 0);">Penawaran dan bonus ini terbatas</span>, apabila kuota telah terpenuhi penawaran dan bonus gratis tersebut bisa kami cabut setiap saat.</li><li><span style="font-weight: bold; color: rgb(255, 0, 0);">Satu orang hanya boleh membuat satu account saja!</span> Pastikan anda memasukkan data data yang benar sesuai KTP. <span style="font-weight: bold; color: rgb(255, 0, 0);">Perhatian!</span> Penawaran ini berlaku hanya bagi yang serius saja, apabila anda memasukkan data yang tidak benar atau asal asalan maka akan langsung kami hapus dari sistem, dan apabila masih mengulangi lagi maka akan kami masukkan ke daftar hitam. Hal ini kami lakukan untuk memberikan kesempatan kepada orang lain yang lebih serius.</li><li><span style="color: rgb(255, 0, 0); font-weight: bold;">Pembelajaran Dilakukan langsung di platform</span>, dengan cara chatting langsung dengan para tenaga pengajar kami.</li></ol><div style="text-align: justify;"> </div><p style="text-align: justify;">Untuk panduan Lengkap proses pembukaan account trading, silahkan baca artikel</p><div style="text-align: justify;"> </div><h3 style="text-align: justify;"><span style="font-size:85%;"><a rel="bookmark" href="http://panduanmarketiva.com/?p=149">Belajar Trading Forex, Indexes, Commodities Online (Simple, Mudah dan Menjanjikan)</a></span></h3> </div>Lusia Mulianahttp://www.blogger.com/profile/16443743828948115938noreply@blogger.com13tag:blogger.com,1999:blog-20678416.post-1171596634804014602007-02-15T19:30:00.000-08:002007-02-15T19:32:03.420-08:00Broker and Market Maker<div style="text-align: justify;">A broker is an intermediary who has a license to buy and sell securities on a client's behalf. Stockbrokers coordinate contracts between buyers and sellers, usually for a commission. A market maker, on the other hand, is an intermediary that is willing and ready to buy and sell securities for a profitable price.<br /><br />A broker makes money by bringing together securities' buyers and sellers. Brokers have the authorization and expertise to buy securities on an investor's behalf - not just anyone is allowed to walk into the New York Stock Exchange and purchase stocks; therefore, investors must hire licensed brokers to do this for them. A flat fee or percentage-based commission is given to the broker for carrying out a trade and finding the best price for a security. Because brokers are regulated and licensed, they have an obligation to act in the best interests of their clients. Many brokers can also offer advice on what stocks, mutual funds and other securities to buy. Due to the availability of internet-based automated stock brokering systems, clients often do not have any personal contact with their brokerage firms.<br /><br />A market maker makes a profit by attempting to sell high and buy low. Market makers establish quotes whereby the bid price is set slightly lower than listed prices and the ask price is set slightly higher in order to earn a small margin. Market makers are useful because they are always ready to buy and sell as long as the investor is willing to pay a specific price. This helps to create liquidity and efficiency in the market. Market makers essentially act as wholesalers by buying and selling securities to satisfy the market; the prices they set reflect market supply and demand. When the demand for a security is low and supply is high, the price of the security will be low. If the demand is high and supply is low, the price of the security will be high. Market makers are obligated to sell and buy at the price and size they have quoted. (For further reading, see Why The Bid-Ask Spread Is So Important.)<br /><br />It is often the case that a market maker is also a broker. This can sometimes create the incentive for the broker to recommend securities for which he or she also makes a market. Therefore, investors should make sure that there is a clear separation between a broker and a market maker.<br /><br />requote from: http://www.investopedia.com/ask/answers/06/brokerandmarketmaker.asp<br /></div>Lusia Mulianahttp://www.blogger.com/profile/16443743828948115938noreply@blogger.com14tag:blogger.com,1999:blog-20678416.post-1162932614511846392006-11-07T12:49:00.000-08:002006-11-07T12:50:14.540-08:00Pengenalan Trading Valas / Forex Trading<div style="text-align: justify;"><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://photos1.blogger.com/blogger/5041/3292/1600/forex-img.0.jpg"><img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer;" src="http://photos1.blogger.com/blogger/5041/3292/320/forex-img.0.jpg" alt="" border="0" /></a><span style="font-weight: bold;">FOREX</span> Trading atau yang lebih dikenal dengan Bursa Valas (Valuta Asing) merupakan suatu jenis perdagangan/transaksi yang memperdagangkan mata uang suatu negara terhadap mata uang negara lainnya yang melibatkan pasar-pasar uang utama di dunia selama 24 jam secara berkesinambungan. Mengingat tingkat likuiditas dan percepatan pergerakan harga yang tinggi, Forex trading telah menjadi alternatif yang paling populer karena ROI (Return Of Investment atau kembalinya nilai investasi yang telah kita tanam) serta profit yang akan didapat bisa melebihi rata-rata perdagangan pada umumnya (biasanya rata-rata return berkisar lebih dari 5% - 10% per bulannya, bahkan bisa mencapai lebih dari 100% per bulannya untuk professional trader).<br /></div><div class="post-body"><p align="justify"><br />Akibat pergerakan yang cepat tersebut, maka trading valas/forex trading juga beresiko tinggi apabila anda tidak mempunyai pengetahuan yang cukup serta pengaturan manajemen keuangan dengan baik. Investasi perdagangan valas (forex trading) online, memberikan alternatif income yang menjanjikan.<br /></p> <ul><li> <p align="justify">Mempunyai skala global yaitu mengikuti kemajuan teknologi. </p> </li><li> <p align="justify">Mudah karena bisa dilakukan langsung via Internet menggunakan komputer </p> </li><li> <p align="justify">Murah karena modal minimal tidak sampai puluhan juta rupiah </p> </li><li> <p align="justify">Fleksibel karena dimanapun anda berada asal terhubung ke jaringan anda bisa berbisnis </p> </li><li> <p align="justify">Unik karena banyak dari masyarakat kita yang belum mengetahuinya sehingga mempunyai prospek yang bagus. </p></li></ul> <p align="justify"><br /><b>Mata uang apa yang diperdagangkan?</b><br />Yaitu semua mata uang dunia yang memiliki daya jual tinggi. Contoh: USDollar, Yen, Euro, Franc, Poundsterling (EUR/USD, GBP/USD, USD/JPY, USD/CHF) dan lain-lain. </p> <p align="justify"><b>Bagaimana proses transaksinya?</b><br />Apa itu “Beli/Jual†dalam bursa valuta asing ini? Di bursa valas ini anda dapat membeli ataupun menjual mata uang yang diperdagangkan. Secara obyektif adalah untuk mendapatkan profit atau keuntungan dari posisi transaksi yang anda lakukan.<br /></p> <p align="justify">Contoh: jika anda membeli (BUY/Offer/Long) suatu mata uang dan pergerakan harga mata uang tesebut menunjukkan grafik kenaikan yang signifikan, maka anda dapat mengambil keuntungan dari perbedaan harga tersebut dengan menutup posisi beli anda, begitu pula sebaliknya apabila anda melakukan menjual (SELL/Bid/Short) dan kemudian pergerakan harga mata uang tersebut mengalami grafik penurunan, maka anda juga dapat mengambil keuntungan dengan menutup posisi jual anda tersebut.<br /></p> <p align="justify"><b>Apakah di FOREX itu "Two Ways Opportunities?</b><br />Ya! Transaksi di FOREX dapat dilakukan dengan cara 2 arah dalam mengambil keuntungannya. BUY (beli) dahulu, lalu ditutup dengan take profit SELL Liquid (jual) ataupun sebaliknya melakukan SELL (jual) dahulu, lalu ditutup dengan take profit BUY Liquid (beli).<br /><br /></p> <p align="justify"><b>Bagaimana cara menghitung hasil transaksi saya di FOREX?</b><br />Berikut adalah caranya: Untuk FOREX yang terhadap USDollar tersebut ada 2 macam jenis currency utama yaitu Direct dan Indirect<br /><br />Contoh:</p> <ul><li> <p align="justify">Direct : GBP/USD, EUR/USD, AUD/USD, dan lain-lain (pokoknya yang .../USD) </p> </li><li> <p align="justify">Indirect : USD/JPY, USD/CHF, dll ( USD/.... ) </p></li></ul> <p align="justify">Dan untuk perhitungannya: Semisal kita memulai trading Forex ini dengan modal awal sebesar US$5000 (account regular), kemudian cara hitungan transaksi kita adalah:<br /><br />Untuk mata uang Direct: misal kita trading di jenis account regular Forex yang kemudian kita inputkan quantity contract sizenya = US$100,000 dan kita melakukan Buy di EUR/USD di posisi 1.2000 dan kemudian di close Sell (take profit) di posisi 1.2010, maka kita akan profit sebesar: (1.2010 - 1.2000 ) x 100000 = $100 (profit) atau sebaliknya kalau loss juga sama hitungannya.<br /><br />Untuk mata uang Indirect: misal kita trading di jenis account regular Forex yang kemudian kita inputkan quantity contract sizenya = US$100,000 dan kita melakukan Sell di USD/JPY di posisi 110.10 dan kemudian di close Buy (take profit) di posisi 110.00, maka kita akan profit sebesar: (110.10 - 110.00 ) x 100000) / posisi liquid 110.00 = $90.91 (profit) atau sebaliknya kalau loss juga sama hitungannya.<br /></p> <p align="justify"><span style="font-weight: bold;">Arti Pergerakan Grafik</span></p> <p align="justify"><br />Jenis Mata Uang: Direct (..... / USD) Pergerakan Grafik: Naik Arti (..... terhadap USDollar): Menguat<br /></p> <p align="justify"><img alt="index saham melemah" src="http://marketivaindonesia.googlepages.com/index-saham.gif" border="0" height="70" width="410" /></p> <p align="justify"><br />Jenis Mata Uang: Direct (..... / USD) Pergerakan Grafik: Turun Arti (..... terhadap USDollar): Melemah<br /></p> <p align="justify"><img alt="index saham menurun" src="http://marketivaindonesia.googlepages.com/index-saham-menurun.gif" border="0" height="53" width="410" /></p> <p align="justify"><br />Jenis Mata Uang: Indirect (USD/ .....)<br />Pergerakan Grafik: Naik<br />Arti (..... terhadap USDollar): Melemah<br /><br />Jenis Mata Uang: Indirect (USD/ .....)<br />Pergerakan Grafik: Turun<br />Arti (..... terhadap USDollar): Menguat<br /><br /></p> <p align="justify"><b>Berapakah modal yang dibutuhkan untuk bisa trading FOREX?</b><br />Deposit minimum yang bisa anda masukkan adalah $1, namun begitu tidak ada keharusan untuk deposit uang sejumlah tertentu agar bisa memulai live trading (Modal BEBAS), dan bila anda tidak mempunyai modal sama sekali tetapi masih ingin mencoba, maka anda akan diberikan secara cuma-cuma extra modal sebesar US$5 ketika membuka account (GRATIS dan bukan simulasi), dan profit yang anda dapat juga akan masuk ke kantong (account) anda secara penuh, sedangkan kalau loss maka anda juga tidak beresiko apa-apa. Anda juga bisa membuka Real Live Trading jenis Mini Forex dengan modal deposit awal yang dianjurkan sebesar US$500 ataupun Regular Forex dengan modal deposit awal sebesar US$5000.<br /></p> <div style="text-align: justify;"><b>Modal dan Maximum Quantity Leverage (Contract Size) yang dianjurkan:</b><br /><br />Modal: $5<br />Contract Size: $100<br />Nilai pergerakan point (/pips): $0.01 (eq: EUR/USD)<br /><br />Modal: $100<br />Contract Size: $2,000<br />Nilai pergerakan point (/pips): $0.2 (eq: EUR/USD)<br /><br />Modal: $500 (mini)<br />Contract Size: $10,000<br />Nilai pergerakan point (/pips): $1 (eq: EUR/USD)<br /><br />Modal: $5,000 (regular)<br />Contract Size: $100,000<br />Nilai pergerakan point (/pips): $10 (eq: EUR/USD)<br /><br />Keterangan: Nilai Margin = 1% dari quantity contract size Quantity Contract Size di kami adalah fleksibel dan bisa anda input secara manual.<br /><br /><b>Contoh:</b><br />Kita bisa menginput Quantity Contract Size=$1001 atau $2123 atau $10, dll. Dalam arti lain yaitu kita bisa menyesuaikan dengan kondisi kekuatan modal kita.<br /><br /><b>Bagaimana cara bertransaksinya dan dimana?</b><br />Segala transaksi FOREX anda dilakukan oleh anda sendiri secara online via internet (bisa di rumah, warnet, hotel, cafe, dll) dengan melalui software online trading yaitu Streamster.<br /><br />Dan di dalam software kami tersebut juga terdapat berbagai macam fasilitas seperti real time quotes and chart, forum diskusi/chatting dengan trader lain, free trading signals, laporan hasil transaksi, berita-berita terkini, layanan support 24 jam dalam bahasa indonesia dan bahasa lain, dan fasilitas canggih lainnya. </div></div>Lusia Mulianahttp://www.blogger.com/profile/16443743828948115938noreply@blogger.com3tag:blogger.com,1999:blog-20678416.post-1153669981954678292006-07-23T08:51:00.000-07:002006-07-23T08:53:01.973-07:00PERINGKAT NEWS<span style="font-family: times new roman; font-weight: bold; font-size: 100%;"><span style="font-size: 130%;"><span style="font-size: 100%;"></span></span></span><span style="font-family: times new roman; font-weight: bold; font-size: 100%;"></span><span style="font-weight: bold;">PERINGKAT NEWS DALAM TRADING VALAS</span><br /><br />Berikut<span style=""> </span>5 (<st1:place st="on"><st1:city st="on">lima</st1:city></st1:place>) Besar Peringkat News yang perlu di perhitungkan :<div style="text-align: justify;"> </div><ol style="margin-top: 0cm; text-align: justify;" start="1" type="1"><li class="MsoNormal">NonFarm_Payroll USA (efek 100 – 200 pips).</li><li class="MsoNormal">Trade Balance <st1:country-region st="on"><st1:place st="on">USA</st1:place></st1:country-region> (efek 70 – 120 pips).</li><li class="MsoNormal">Interest Rate (efek 100 pips).</li><li class="MsoNormal">Durable Good (efek 50 – 100 pips).</li><li class="MsoNormal">PPI (efek 50 – 60 pips)</li></ol><div style="text-align: justify;"> </div><p style="text-align: justify;" class="MsoNormal"><o:p></o:p><span style="" lang="SV">Nah, silahkan anda gunakan perangkap pada 5 menit menjelang News ini muncul. Selain dari News ini, silahkan abaikan saja...hehehe..D.<o:p></o:p></span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="MsoNormal"><span style="" lang="SV">Caranya....<o:p></o:p></span></p><div style="text-align: justify;"> </div><ul style="text-align: justify;"><li><span style="" lang="SV"><span style=""> </span>Temukan 3 (tiga) candlestik sebelum News ini muncul.<o:p></o:p></span></li><li><span style="" lang="SV"><span style=""> </span>Temukan High & Low-nya.<o:p></o:p></span></li><li><span style="" lang="SV"><span style=""> </span></span>BUY di High, SELL di LOW.</li><li><span style=""> </span><span style="" lang="SV">Ambil Target sesuai dengan Kekuatan EFEK_nya.<o:p></o:p></span></li><li><span style="" lang="SV"><span style=""> </span>Jangan lupa pakai Stop Loss 50% dari target anda.<o:p></o:p></span></li></ul><div style="text-align: justify;"> </div><p style="text-align: justify;" class="MsoNormal"><span style="" lang="SV"><o:p> </o:p></span><span style="color: rgb(255, 0, 0);" lang="FI">Silahkan gunakan virtual trade dulu sebelum anda terbiasa dengan perangkap ini.</span></p>Lusia Mulianahttp://www.blogger.com/profile/16443743828948115938noreply@blogger.com2tag:blogger.com,1999:blog-20678416.post-1153668729975646842006-07-23T08:31:00.000-07:002006-07-23T08:32:09.976-07:00Range Calculation Analysis<div style="text-align: center;"><div style="text-align: left;"><st1:place st="on"><st1:placename st="on"><b style="">TRADE</b></st1:placename><b style=""> <st1:placename st="on">DENGAN</st1:placename> <st1:placename st="on">METODE</st1:placename> <st1:placetype st="on">RANGE</st1:placetype></b></st1:place><b style=""> PERGERAKAN CURRENCY <o:p></o:p></b><br /></div><br /></div> <div style="text-align: center;"><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://photos1.blogger.com/blogger/1427/1833/1600/RANGE%20TRADE.gif"><img style="cursor: pointer;" src="http://photos1.blogger.com/blogger/1427/1833/400/RANGE%20TRADE.png" alt="" border="0" /></a><br /></div><div style="text-align: justify;"><br /></div><p style="text-align: justify;" class="MsoNormal">Caranya :</p><div style="text-align: justify;"> <!--[if !supportLists]--><!--[endif]--><!--[if !supportLists]--><!--[endif]--><!--[if !supportLists]--><!--[endif]--> <!--[if !supportLists]--> </div><ul style="text-align: justify;"><li>Cari High & Low.</li><li>Untuk trade harian, cari High-Low dalam 5 (<st1:place st="on"><st1:city st="on">lima</st1:city></st1:place>) hari.</li><li>Untuk trade harian, cari High-Low dalam 10 (sepuluh) hari.</li><li>Untuk trade mingguan, cari High_Low dalam 20 (dua puluh) hari.</li><li><span style="" lang="SV">Bagi area tersebut menjadi 4 (empat) bagian.<o:p></o:p></span></li><li>Tentukan 23,6% diatas Low sebagai Area BUY</li><li>Tentukan 23,6% dibawah High sebagai Area SELL</li><li>Tentukan 50% (ditengah-tengah) sebagai Area Target.</li></ul><div style="text-align: justify;"> </div><p style="text-align: justify;" class="MsoNormal"><o:p> </o:p>Open Posisi sesuai Area yang telah anda tentukan sendiri.<br />Get More Point with Range Trade.</p> <o:p></o:p><span style="color: blue;"><span style="color: rgb(255, 0, 0);">Silahkan gunakan virtual trade dulu sebelum anda terbiasa dengan ini</span>.</span>Lusia Mulianahttp://www.blogger.com/profile/16443743828948115938noreply@blogger.com0tag:blogger.com,1999:blog-20678416.post-1153667437087553692006-07-23T08:02:00.000-07:002006-07-23T08:10:37.096-07:00Interest Rate & NonFarm Payroll<span style="font-size: 130%;"><span style="font-weight: bold; font-size: 100%;"><span style="font-family: times new roman;">INTEREST RATE / KENAIKAN SUKU BUNGA</span></span><br /></span><br /><div style="text-align: justify;">Banyak berpendapat bahwa Efek News ini selalu menghasilkan pergerakan yang luar biasa dari currency pair. <span style="" lang="DE">Tetapi penulis beranggapan bahwa Interest News ini di posisi sebagai berikut :<o:p></o:p></span></div><div style="text-align: justify;"> </div><ul style="text-align: justify;"><li><span style="" lang="DE"><o:p> </o:p></span>Coba anda lihat dulu posisi currency pair dalam market saat menjelang interest news release.</li><li class="MsoNormal">Jika currency pair berada dalam posisi tertekan, maka akan memberikan efek yang cukup luar biasa, namun jika currency pairnya tidak dalam posisi tertekan, rasanya efeknya juga tidak begitu besar.</li></ul><div style="text-align: justify;"> </div><p style="text-align: justify;" class="MsoNormal"><o:p></o:p>Hal ini mengindikasikan bahwa yang penting dari Release Interest Rate “Kenaikan Suku Bunga” ini bukanlah News itu sendiri melainkan hanyalah proses KESEIMBANGAN dari currency tersebut.</p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="MsoNormal"><o:p></o:p>Nah, kalau begitu…ngapain lagi eforia dengan Interest Rate…sampe-sampe gak tidur segala nungguin News nya release, lebih baik jika anda lakukan analisis terlebih dahulu posisi rate tersebut dengan posisi currency pair yang didukungnya.</p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="MsoNormal"><o:p></o:p>Coba lihat keseimbangan dengan RANGE TRADE, topic tersebut ada di bahas di weblog ini pada sesi yang lain.</p><br /><span style="font-weight: bold;">Non Farm PayRoll</span><br /><div style="text-align: center;"><b style=""><br />NON_FARM _PAYROLL…..!!!!!<o:p></o:p></b></div> <p class="MsoNormal" style="text-align: center;" align="center"><b style="">The Great News Number One in Forex Tradding<o:p></o:p><br />Check Your Calender This Month First<br /></b></p> <p class="MsoNormal" style="text-align: center;" align="center"> </p> <div style="text-align: center;"><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://photos1.blogger.com/blogger/1427/1833/1600/NonFarmPayroll_June2006.gif"><img style="cursor: pointer;" src="http://photos1.blogger.com/blogger/1427/1833/400/NonFarmPayroll_June2006.png" alt="" border="0" /></a><br /></div> <p class="MsoNormal"><br /></p><div style="text-align: justify;">Coba lihat nih Efek News…..Wuehuehuehe…. <span style="" lang="FI">+185 pips dalam waktu kurang dari 15 Menit saja.<o:p></o:p></span><br /><span style="" lang="FI"><o:p></o:p>Gambar tersebut adalah Efek News NFP tanggal 2 Juni 2006 lalu.<o:p></o:p></span></div><div style="text-align: justify;"> </div><p style="text-align: justify;" class="MsoNormal"><span style="" lang="FI">News Apa ini....?!?!??!?<o:p></o:p><br />Temen-temen gak usah pusing mikirin ini news apa, yang jelas, setiap JUM’AT Minggu Pertama tiap bulan, NEWS ini selalu Muncul....sebulan sekali, jam 20.30 WIB.<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: center;" align="center"> </p> <p class="MsoNormal" style="text-align: center;" align="center"><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://photos1.blogger.com/blogger/1427/1833/1600/NonFarmPayroll_Mei2006.gif"><img style="cursor: pointer;" src="http://photos1.blogger.com/blogger/1427/1833/400/NonFarmPayroll_Mei2006.png" alt="" border="0" /></a></p> <p class="MsoNormal"><br /></p><div style="text-align: justify;"><span style="" lang="FI">Gambar tersebut adalah Efek News NFP tanggal 5 Mei 2006 lalu. </span><span style="" lang="FI">Bisa anda lihat bahwa selalu diatas 100 pips efeknya...khan...??<o:p></o:p></span></div><div style="text-align: justify;"> </div><p style="text-align: justify;" class="MsoNormal"><span style="" lang="FI">Efek dari News ini selalu 1 (satu) arah dengan cepat, apakah keatas apakah kebawah, nah kalo gitu...ngapain ragu.....buat perangkap ajah.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="MsoNormal"><span style="" lang="FI"><o:p></o:p>Nah, sekarang coba kita buat Perangkapnya.....hehehehe :D<o:p></o:p></span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="MsoNormal"><span style="" lang="FI"><o:p></o:p>Strategy :</span></p><div style="text-align: justify;"> </div><ul style="text-align: justify;"><li><span style="" lang="FI"><span style=""></span></span>Sebelum News Muncul.....mulai Pagi...LIBUR Trade.</li><li><o:p></o:p><span style=""></span>Mulai Trade sebaiknya 30 menit menjelang News Muncul.</li><li><span style=""></span><span style="" lang="SV">Pasang Perangkap, silahkan lihat Strategy Perangkap NFP.<o:p></o:p></span></li></ul><div style="text-align: justify;"> </div><p style="text-align: justify;" class="MsoNormal"><span style="" lang="SV"><span style=""> </span>Caranya....:</span></p><div style="text-align: justify;"> <!--[if !supportLists]--> </div><ul style="text-align: justify;"><li><span style=""><span style=""></span></span>Cari High & Low transaksi 2 jam menjelang News Muncul.</li><li><span style=""><span style=""></span></span>Silahkan Open BUY di HIGH, lalu SELL di LOW.</li><li><span style=""><span style=""></span></span>Ambil Target +100 pips saja.</li><li><span style=""><span style=""></span></span>Ambil Stop Lose masing-masing – 40 pips saja.</li></ul> <!--[endif]--><!--[if !supportLists]--><!--[endif]--><!--[if !supportLists]--><!--[endif]--><!--[if !supportLists]--><!--[endif]--> <p style="text-align: justify;" class="MsoNormal"><o:p> </o:p><span style="" lang="SV">Strategy ini hamper 90% selalu sukses.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="MsoNormal"><span style="" lang="SV">Jika anda Trader dengan Standart Account, sebenarnya bisa melakukan trade disini cukup 1 (satu) kali satu bulan untuk target bulanan 100 pips. Maka dalam 3 bulan (hanya 3 kali trade anda sudah ROI)...hehehehe..:D<o:p></o:p></span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="MsoNormal"><span style="" lang="SV"><o:p> </o:p>Kuncinya adalah :<br /></span></p><div style="text-align: justify;"> </div><ul style="text-align: justify;"><li><span style="" lang="SV">Ketahui Kapan Jadwal News NFP bakal muncul bulan ini.<o:p></o:p></span></li><li><span style="" lang="SV">Siapkan Perangkap 100 pips di 10 menit menjelang News Muncul dengan Posisi seperti yang saya jelaskan tadi.</span></li><li><span style="" lang="SV">Jika anda sudah terbiasa dengan perangkap ini, gunakan Quantity 30 % dari Margin anda.<o:p></o:p></span></li><li><span style="" lang="SV">Nikmati hasilnya 1 bulan dan nunggu News NFP Bulan Depan untuk trade selanjutnya.<o:p></o:p></span></li><li><span style="" lang="FI">Hemat pulsa, libur trade 29 hari....hahahaha....<o:p></o:p></span></li></ul> <span style="" lang="FI"><o:p> </o:p><span style="font-weight: bold;">Simulasi:</span></span><br /><div style="text-align: justify;"><span style="" lang="FI"><span style=""></span>Deposit $3000, anda trade dengan $1000 (Quantity 10.000), dengan keuntungan 1 pips = $10, dengan trade 15 menit sebulan sekali ini, 100 pips diperoleh sebagai target sehingga hasil bulanan cukup $1000.....(10 juta bro.....hanya dengan 15 menit sebulan sekali...).</span></div>Lusia Mulianahttp://www.blogger.com/profile/16443743828948115938noreply@blogger.com7tag:blogger.com,1999:blog-20678416.post-1153666908001355252006-07-23T08:00:00.000-07:002006-07-23T08:01:48.006-07:00Manajemen Margin<span style="font-weight: bold;">FLOATING, TARGET & STOP LOSE STRATEGY</span> <p style="text-align: justify;" class="MsoNormal"><br /><span style="" lang="FI">Margin = equity anda yang tersedia untuk menahan kekalahan (minus).<o:p></o:p></span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="MsoNormal"><span style="" lang="FI">Trade sesungguhnya bukanlah kepintaran anda dalam analysis fundamental (news), analysis Technical (membaca grafik), melainkan hanyalah kepiawaian anda melakukan MANAJEMEN<span style=""> </span>MARGIN.<o:p></o:p></span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="MsoNormal"><span style="" lang="FI"><o:p></o:p>Terbukti bahwa 90% trader GAGAL dalam trade Forex hanya disebabkan melakukan Manajemen Margin yang salah.<o:p></o:p></span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="MsoNormal"><span style="" lang="FI"><o:p> </o:p>Contoh Manajemen ini sebagai berikut :<o:p></o:p></span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="MsoNormal"><span style="" lang="FI">Anda Deposit dengan $1.000 pada ForexFirm dengan Laverage 1:100, ini artinya anda memiliki kekuatan quantity sebesar 100.000. Jika anda lakukan trade dengan quantity 10.000 maka sesungguhnya anda telah menggunakan 10% dari margin anda. <o:p></o:p></span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="MsoNormal"><span style="" lang="FI">Jika ternyata posisi yang anda pilih salah dalam trade, maka anda memiliki kemampuan untuk menahan kekalahan sebesar -900 pips untuk satu posisi tersebut. Jika posisi -900 pada posisi anda dijumpai maka anda akan kena ”MARGIN CALL” dan nilai deposit anda akan menjadi tinggal $100, senilai Quantity anda tadi....hilanglah $900 anda.<o:p></o:p></span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="MsoNormal"><span style="" lang="SV"><o:p> </o:p>Kesalahan ini disebabkan karena anda melakukan FLOATING.<o:p></o:p></span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="MsoNormal"><span style="" lang="SV">Floating ini adalah membuka posisi SELL ataupun BUY tanpa ditutup dengan TARGET maupun STOP LOSS.<o:p></o:p></span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="MsoNormal"><span style="" lang="SV">Jika anda tutup dengan Order Target, maka di posisi tersebut posisi anda otomatis tertutup dengan hasil PROFIT. Jika anda tutup dengan Order Stop Loss, maka posisi tersebut otomatis tertutup dengan hasil MINUS. Tradding dengan FLOATING adalah BUNUH<span style=""> </span>DIRI....!!!!<o:p></o:p></span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="MsoNormal"><span style="" lang="SV"><o:p> </o:p>Nah, untuk menghindari hal ini, anda harus melakukan manajemen margin yang akurat, caranya adalah :<o:p></o:p></span></p><div style="text-align: justify;"> </div><ol style="margin-top: 0cm; text-align: justify;" start="1" type="1"><li class="MsoNormal">BUY hanya disaat posisi currency RENDAH.</li><li class="MsoNormal">SELL hanya disaat posisi currency TINGGI.</li><li class="MsoNormal">Sebaiknya jangan gunakan Margin > 10 %.</li></ol><div style="text-align: justify;"> </div><p style="text-align: justify;" class="MsoNormal"><span style="" lang="SV">Sekarang permasalahannya kan udah berubah…….<o:p></o:p></span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="MsoNormal"><span style="" lang="SV">Permasalahannya adalah bagaimana caranya menemukan bahwa harga saat ini adalah merupakan harga Rendah atau Harga Tinggi agar bisa dilakukan Open Posisi yang sesuai.<o:p></o:p></span></p><div style="text-align: justify;"> <span style="" lang="FR"><o:p> </o:p>Untuk Mengetahui cara ini, silahkan anda lihat di Menu ”RANGE CALCULATION ANALYSIS ”</span></div>Lusia Mulianahttp://www.blogger.com/profile/16443743828948115938noreply@blogger.com6tag:blogger.com,1999:blog-20678416.post-1153666792711398002006-07-23T07:57:00.000-07:002006-07-23T07:59:52.716-07:00Technical Analysis<div style="text-align: left;">Chart Of The Month, June 2006<br /></div><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://photos1.blogger.com/blogger/1427/1833/1600/Chart%20Of%20The%20Month%20%28COTM%29.gif"><img style="cursor: pointer;" src="http://photos1.blogger.com/blogger/1427/1833/400/Chart%20Of%20The%20Month%20%28COTM%29.png" alt="" border="0" /></a><br />Time Frame <span style=""> </span>: 15 Minutes. <p class="MsoNormal">Metatrader FXDD</p> <p class="MsoNormal">Indicator<span style=""> </span><br /></p> <ul><li>Exponential Moving Average (EMA) priode 100.</li><li><span style=""> </span>Relative Strengh Index (RSI) periode 14.</li><li><span style=""> </span>Momentum periode 14.</li></ul> <p class="MsoNormal"><b style=""><u><o:p><span style="text-decoration: none;"> </span></o:p>BUY</u></b>, jika :</p> <ul><li><span style="" lang="PT-BR">Grafik Menembus EMA(100) diatas sejauh 60 pips.<o:p></o:p></span></li><li><span style="" lang="PT-BR">RSI(14) menembus 55.</span></li><li><span style="" lang="PT-BR">Momentum menembus 100.09<o:p></o:p></span></li></ul> <!--[endif]--><!--[if !supportLists]--><!--[endif]--><!--[if !supportLists]--><!--[endif]--> <p class="MsoNormal"><b style=""><u><span style="" lang="PT-BR">Close Posisi BUY</span></u></b><span style="" lang="PT-BR">, jika :<o:p></o:p></span></p> <ul><li><span style="" lang="PT-BR"><span style=""></span>RSI(14) menembus 45.<o:p></o:p></span></li></ul> <p class="MsoNormal"><span style="" lang="PT-BR"><span style=""></span></span><b style=""><u><span style="" lang="PT-BR">SELL</span></u></b><span style="" lang="PT-BR">, jika :<o:p></o:p></span></p> <ul><li><!--[if !supportLists]--><span style="" lang="DE"><span style=""></span></span><span style="" lang="DE">Grafik Menembus EMA(100) dibawah sejauh 60 pips.<o:p></o:p></span></li><li><!--[if !supportLists]--><span style="" lang="DE"><span style=""></span></span><span style="" lang="DE">RSI(14) menembus 45.<o:p></o:p></span></li><li><!--[if !supportLists]--><span style="" lang="DE"><span style=""></span></span><!--[endif]--><span style="" lang="DE">Momentum menembus 99.9<o:p></o:p></span></li></ul> <p class="MsoNormal"><b style=""><u><span style="" lang="DE">Close Posisi SELL</span></u></b><span style="" lang="DE">, jika :<o:p></o:p></span></p> <ul><li><span style="" lang="PT-BR">RSI(14) menembus 55.<o:p></o:p></span></li></ul> <p style="text-align: justify;" class="MsoNormal"><span style="" lang="PT-BR"><o:p> </o:p></span><span style="font-size: 100%;"><b style=""><span style="" lang="PT-BR">Strategy Perangkap terhadap Chart ini adalah</span></b></span><span style="" lang="PT-BR"><span style="font-size: 100%;"> :</span><o:p></o:p></span></p><div style="text-align: justify;"> </div><ol style="margin-top: 0cm; text-align: justify;" start="1" type="1"><li class="MsoNormal"><span style="" lang="PT-BR">Jika Grafik masih berada di bawah EMA(100) dengan konfirmasi RSI menuju keatas, silahkan Open Order BUY Stop di Posisi EMA(100) + 60 pips, target 100 pips lalu Stop Loss pada Posisi EMA(100) dikurangi 20 pips.<o:p></o:p></span></li><li class="MsoNormal"><span style="" lang="PT-BR">Jika Grafik masih berada di atas EMA(100) dengan konfirmasi RSI menuju kebawah, silahkan Open Order SELL Stop di Posisi EMA(100) - 60 pips, target 100 pips lalu Stop Loss pada Posisi EMA(100) ditambahi 20 pips.<o:p></o:p></span></li></ol><div style="text-align: justify;"> <span style="" lang="PT-BR"><o:p></o:p>Silahkan gunakan Virtual terlebih dahulu selama 1 minggu untuk membiasakan menggunakan perangkap tiap hari. Ingat kalender ekonomi siang ini.</span></div>Lusia Mulianahttp://www.blogger.com/profile/16443743828948115938noreply@blogger.com0tag:blogger.com,1999:blog-20678416.post-1148840416559911512006-05-28T11:18:00.000-07:002006-05-28T11:20:16.580-07:00WHAT IS FOREX<p style="text-align: justify;" class="content">The Foreign Exchange, also referred to as the "Forex" or "Spot FX" market, is the largest financial market in the world, with over $1.2 trillion changing hands every single day. If you compare that to the $25 billion a day volume that the New York Stock Exchange trades, you see how giant the Foreign Exchange really is. In fact it is three times larger than all of the US Equity and Treasury markets combined!</p><p style="text-align: justify;" class="content"> What is traded on the Foreign Exchange? The answer is money. Forex trading is where the currency of one nation is traded for that of another. Therefore, Forex trading is always traded in pairs. The most commonly traded currency pairs are traded against the US Dollar (USD). They are called ‘the Majors'. The major currency pairs are the Euro Dollar (EUR/USD); the British Pound<br />(GBP/USD); the Japanese Yen (USD/JPY); and the Swiss Franc (USD/CHF). The notable ‘commodity’ currency pairs that trade are the Canadian Dollar (USD/CAD) and the Australian Dollar AUD/USD. Because there is not a central exchange for the Forex market, these pairs and their crosses are traded over the telephone and online through a global network of banks, multinational<br /> corporations, importers and exporters, brokers and currency traders.</p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="content"><br />Traditionally, currency trading has been a 'professionals only' market available exclusively to banks and large institutions, however, because of the rise of the new E-economy, online Forex trading firms are now able to offer trading accounts to 'retail' traders like you and I. Now almost anyone with a computer and an Internet connection can trade currencies just like the world's largest banks do. There are now over 6 million trading accounts worldwide up from 1.7 million in 1997.</p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="content"><br /> <strong>BENEFITS OF FOREX TRADING</strong></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="content"><br />There are many benefits and advantages to trading Forex. Here are just a few reasons why so many people are choosing this market as a </p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="content">business opportunity:</p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="content"><br /> <strong>1.LEVERAGE:</strong> In Forex trading, a small margin deposit can control a much larger total contract value. Leverage gives the trader the ability to make extraordinary profits and at the same time keep risk capital to a minimum. Some Forex firms offer 200 to 1 leverage, which means that a $50 dollar margin deposit would enable a trader to buy or sell $10,000 worth of currencies. Similarly, with $500 dollars, one could trade with $100,000 dollars and so on.</p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="content"><br /> <strong>2.LIQUIDITY:</strong> Because the Forex Market is so large, it is also extremely liquid. This means that with a click of a mouse you can instantaneously buy and sell at will. You are never 'stuck' in a trade. You can even set the online trading platform to automatically close your position at your desired profit level (limit order), and/or close a trade if a trade is going against you (stop order).</p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="content"><br /> <strong>3.PROFIT IN BOTH 'RISING' AND 'FALLING' MARKETS:</strong> On the stock markets, you can only make money if shares are rising, but in economic recession and falling 'bear' markets, there is little chance of making big money. Forex is different. One of the most exciting advantages of FX trading is the ability to generate profits whether a currency pair is 'up' or 'down'. A trader can profit by taking a 'long' position, (buying the currency pair at one price and selling it later at a higher price), or a 'short' position, (selling the currency pair and buying it back at a lower price). For example, if you think the US dollar will increase in value vs. the Japanese Yen then you will buy Dollars and sell Yen (go long). If you think the Yen will increase in value against the Dollar then you will sell Dollars and buy yen (go short). As long as the trader picks the right direction, a potential for profit always exists.</p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="content"><br /> <strong>4. 24HRS:</strong> From Sunday evening to Friday Afternoon EST the Forex market never sleeps. This is very desirable for those who want to trade on a part-time basis, because you can choose when you want to trade--morning, noon or night.</p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="content"><strong><br /> 5. FREE 'DEMO' ACCOUNTS, NEWS, CHARTS AND ANALYSIS:</strong> Most Online Forex firms offer free 'Demo' accounts to practice trading, along with breaking Forex news and charting services. These are very valuable resources for traders who would like to hone their trading skills with 'virtual' money before opening a live trading account.</p><div style="text-align: justify;"> <br /> <strong>6.'MINI' TRADING:</strong> One might think that getting started as a currency trader would cost a lot of money. The fact is, it doesn't. Online Forex Firms now offer 'mini' trading accounts with a minimum account deposit of only $200-$500 with no commission trading. This makes Forex much more accessible to the average individual, without large, start-up capital.<br /><br /><br /><div style="font-weight: bold;" align="center"><span class="style3"><span class="style4">The Day Trade Forex System </span></span> </div> <p style="font-weight: bold;" class="style5" align="center">Foundations</p> <p><br /></p> <p>Before we begin looking at the specifics of the FPS and how it works, let’s look at 4 building blocks that I believe to be foundations to the Forex Profit System.</p> <p><br /> <strong>Foundation #1: Currency Trading is not a Get-Rich- Quick Scheme.</strong></p> <p><br /> <strong>Currency trading is a SKILL that takes TIME to learn.</strong> Skilled Traders can and do make money in this field, however like any other occupation or career, success doesn’t just happen overnight. Here is a great ‘formula’ for success:</p> <p><br /> <strong>Practice + Patience + Persistence = Profits</strong></p> <p><br />As they say, there is no substitute for hard work and diligence. Practice trading on a demo account and pretend the virtual money is your own real money. <strong>Do not open a live trading account until you are profitable trading on a demo account.</strong> Stick to the plan and you can be successful.</p> <p> </p> <p> <strong>Foundation #2:</strong> <strong>I highly recommend that you follow 1 or maybe 2 major currency pairs.</strong></p> <p><br />It gets far too complicated to keep tabs on all four. I also recommend that traders choose one of the majors because the spread is the best and they are the most liquid. The Euro/USD is the most commonly traded pair and usually has the best ‘spread’ because of its liquidity. The USD/Swiss Franc is usually the most volatile and moves the most during the trading week. The USD/Yen moves a lot on the news out of Japan and normally the Pound Sterling/USD is more stable in it’s moves than the other three.<br /> <br /> <strong>Foundation #3: Follow and understand the daily Forex News and Analysis of the professional currency analysts.</strong></p> <p><br />Even though this system is based solely on technical analysis of charts, it is important to get a birds-eye view of the currency markets and the news that affects the prices. It is also important that you know and understand what the key technical ‘support’ and ‘resistance’ levels are in the currency pair that you want to trade. Support is a predicted level to buy (where currency pair should move up on the charts), resistance is a predicted level to sell (where the currency pair should move down on the charts).</p> <p> </p> <p>Fortunately, all the best Forex news and analysis is offered free on the Internet. Here is what you should do first:</p> <p><br /> <strong>*While you are reading the daily news and technical analysis, write down on a piece of paper what direction the analysts are saying </strong><strong>about the major currency pair you are following and the key support and resistance levels for the day.</strong></p> <p><br /> A. Go to www.forexnews.com and you will find 24hr news and analysis on the spot FX markets. The site will give you the big picture of how the economic calendar and central banks affect the currency markets. A great resource.</p> <p> </p> <p>B. Then go to www.fxstreet.com and click on the ‘Top Forex Reports’. Here there is a wonderful listing of all the major daily currency</p> <p>analysis and forecasts with support and resistance and direction forecasts.</p> <p><br /> C. Click on www.currencypro.com and go to ‘Today’s Market Research’ and there you will find more excellent analysis on the Major Currency pairs. Another great Forex Portal.</p> <p><br /> <strong>Foundation #4: Learn how to use the technical indicators in this course and always trade with stop losses!</strong></p> <p><br />It is worth your time to be patient and learn how to use the technical indicators on the charts that you will be reading about shortly. It is important when you are trading Forex, to be disciplined and to stick to a plan. Don’t just trade your ‘gut’ feeling. Use the technical indicators outlined and always enter in stop losses on every trade. Remember that everyone who trades has a different tolerance for losses. Depending on your risk capital, and strategy, set your stop losses accordingly.</p></div>Lusia Mulianahttp://www.blogger.com/profile/16443743828948115938noreply@blogger.com2tag:blogger.com,1999:blog-20678416.post-1148229888714630132006-05-21T09:43:00.000-07:002006-07-23T08:55:00.416-07:00The UK GDP came out at 0.8%<div style="text-align: justify;">So today was an EXCELLENT day. The UK GDP came out at 0.8%, which meant a long on GBP/USD. The move wasn't that big...I expected at least 30 pips move, but the move was only about 16 pips or so. Probably because the pound gained so much yesterday and today, so didn't have a whole lot of fuel left for an upper move, but anyway, I still made money, and I hope you did too. Then we had Canadian CPI coming out at -0.2%, which meant a long on USD/CAD, according to my previous trigger. The USD/CAD went NUTS :) Gaining almost 50 pips on that. It helped that the pair was dropping all day, so was quite a bit oversold, I am sure if the number was positive, we would only get a fraction of the move down. Anyway, I am VERY HAPPY about today, made a bunch of money, I hope you did too...if you got in on time, you should've done well, because neither one of the moves had that quick of a retracement, so plenty of time to exit without any stress...<br /><br />In addition to that we had the other two big movers this week, which was the UK Retail Sales, and USA CPI, which both hit the triggers, and I hope you made money. I know the TIC went crazy on us this week, and I personally lost some dough on that, but all the other reports, MORE than covered the losses on that one, and left us in a very fat profit for the week.<br /><br />Anyway, if you have any profits this week, I suggest taking them out, and getting a wire transfer or a check from your broker. And don't be too stingy about paying your broker a withdrawal fee. I suggest start treating your trading like a business, and cut yourself a check on weekly basis, assuming that you are profitable of course. Because remember...profits are a lot easier to lose than your "blood money". If you withdraw profits every week, you reduce the chance of entering stupid gambling trades, because you see your account in the plus. If next week you see your account at break even balance again, after you already withdrew the profits, mentally you'll be a lot more careful and a lot more responsible with your trading. At least I am that way.<br /><br />I guess wait for my next signal on Sunday night.</div>Lusia Mulianahttp://www.blogger.com/profile/16443743828948115938noreply@blogger.com0tag:blogger.com,1999:blog-20678416.post-1139950712377224962006-02-14T12:56:00.000-08:002006-05-21T09:36:59.040-07:00FX - Glossary Terms<span style="color: rgb(255, 0, 0);">-A- </span><br /> <br /><div style="text-align: justify;"><span style="color: rgb(255, 0, 0);">Aggregate Demand</span> Total demand for goods and services in the economy. It includes private and public sector demand for goods and services within the country and the demand of consumers and firms in other countries for goods and services.<br /></div><div style="text-align: justify;"><br /><span style="color: rgb(255, 0, 0);">Aggregate Risk </span>Size of exposure of a bank to a single customer for both spot and forward contracts.<br /><br /><span style="color: rgb(255, 0, 0);">Aggregate Supply</span> Total supply of goods and services in the economy from domestic sources (including imports) available to meet aggregate demand.<br /><br /><span style="color: rgb(255, 0, 0);">Agio</span> Difference in the value between currencies. Also used to describe percentage charges for conversion from paper money into cash, or from a weak into a strong currency.<br /><br /><span style="color: rgb(255, 0, 0);">American Option </span>An option which may be exercised at any time prior to expiration. Compared with a European option that can only be exercised on a specific date.<br /><br /><span style="color: rgb(255, 0, 0);">Arbitrage </span>The simultaneous purchase and sale on different markets, of the same or equivalent financial instruments to profit from price or currency differentials. The exchange rate differential or Swap points. May be derived from Deposit Rate differentials.<br /><br /><span style="color: rgb(255, 0, 0);">Ask </span>The price at which the currency or instrument is offered.<br /><br /><span style="color: rgb(255, 0, 0);">Association Cambiste International </span>The international society of foreign exchange dealers consisting of national "Forex clubs" affiliated on a world wide basis.<br /><br /><span style="color: rgb(255, 0, 0);">At or Better </span>An order to deal at a specific rate or better.<br /><br /><span style="color: rgb(255, 0, 0);">At-the-Money</span> An option whose strike/exercise price is equal to or near the current market price of the underlying instrument. <br /> <br /> <span style="color: rgb(255, 0, 0);"> </span><br /><span style="color: rgb(255, 0, 0);"> -B- </span><br /> <br /><span style="color: rgb(255, 0, 0);">Back Office </span>Settlement and related processes.<br /><br /><span style="color: rgb(255, 0, 0);">Balance of Payments </span>A systematic record of the economic transactions during a given period for a country. (1) The term is often used to mean either: (i) balance of payments on "current account"; or (ii) the current account plus certain long term capital movements. (2) The combination of the trade balance, current balance, capital account and invisible balance, which together make up the balance of payments total. Prolonged balance of payment deficits tend to lead to restrictions in capital transfers, and or decline in currency values.<br /><br /><span style="color: rgb(255, 0, 0);">Balance of Trade</span> The value of exports less imports. Invisibles are normally excluded, and is otherwise referred to as mercantile or physical trade.<br /><br /><span style="color: rgb(255, 0, 0);">Bank Line </span>Line of credit granted by a bank to a customer, also known as a "line".<br /><br /><span style="color: rgb(255, 0, 0);">Bank Notes </span>Bank notes are paper issued by the central or issuing bank and are legal tender, but are not usually considered to be part of the FX market. However bank notes can be converted, in some countries, into FX. Bank notes are normally priced at a premium to the current spot rate for a currency.<br /><br /><span style="color: rgb(255, 0, 0);">Bank Rate </span>The rate at which a central bank is prepared to lend money to its domestic banking system.<br /><br /><span style="color: rgb(255, 0, 0);">Banking Day</span> see trading day and value date.<br /><br /><span style="color: rgb(255, 0, 0);">Barrier Option </span>A family of path dependent options whose pay-off pattern and survival to the expiration date depend not only on the final price of the underlying currency but also on whether or not the underlying currency breaks a predetermined price level at any time during the life of the option. See Down and Out call/put, Down and in call/put, Up and out call/put, Up and in call/put.<br /><br /><span style="color: rgb(255, 0, 0);">Base Currency </span>The currency in which the operating results of the bank or institution are reported.<br /><br /><span style="color: rgb(255, 0, 0);">Basis Point </span>One per cent of one per cent.<br /><br /><span style="color: rgb(255, 0, 0);">Basis</span> The difference between the cash price and futures price.<br /><br /><span style="color: rgb(255, 0, 0);">Bear Put Spread </span>A spread designed to exploit falling exchange rates by purchasing a put option with a high exercise price and selling one with a low exercise price.<br /><br /><span style="color: rgb(255, 0, 0);">Bear Market</span> A prolonged period of generally falling prices.<br /><br /><span style="color: rgb(255, 0, 0);">Bear </span>An investor who believes that prices are going to fall.<br /><br /><span style="color: rgb(255, 0, 0);">Bid</span> The price at which a buyer has offered to purchase the currency or instrument.<br /><br /><span style="color: rgb(255, 0, 0);">Big Figure </span>Refers normally to the first three digits of an exchange rate that dealers treat as understood in quoting. For example a quote of "30/40" on dollar mark could indicate a price of 1.5530/40<br /><br /><span style="color: rgb(255, 0, 0);">Black-Scholes Model</span> An option pricing formula initially derived by Fisher Black and Myron Scholes for securities options and later refined by Black for options on futures. It is widely used in the currency markets.<br /><br /><span style="color: rgb(255, 0, 0);">Break Even Point</span> The price of a financial instrument at which the option buyer recovers the premium, meaning that he makes neither a loss nor a gain. In the case of a call option, the break even point is the exercise price plus the premium.<br /><span style="color: rgb(255, 0, 0);"></span><br /><span style="color: rgb(255, 0, 0);">Break Out</span> In the options market, undoing a conversion or a reversal to restore the option buyer's original position.<br /><br /><span style="color: rgb(255, 0, 0);">Broken Dates or Period </span>Deals that are undertaken for value dates that are not standard periods e.g. 1 month. The standard periods are 1 week, 2 weeks, 1, 2, 3, 6 and 12 months. Terms also used are odd dates, or cock dates, broken dates or broken period.<br /><br /><span style="color: rgb(255, 0, 0);">Broker-Dealer</span> See Dealer.<br /><br /><span style="color: rgb(255, 0, 0);">Broker </span>An agent, who executes orders to buy and sell currencies and related instruments either for a commission or on a spread. Brokers are agents working on commission and not principals or agents acting on their own account. In the foreign exchange market, brokers tend to act as intermediaries between banks bringing buyers and sellers together for a commission paid by the initiator or by both parties. There are four or five major global brokers operating through subsidiaries affiliates and partners in many countries.<br /><br /><span style="color: rgb(255, 0, 0);">Brokerage</span> Commission charged by a broker.<br /><br /><span style="color: rgb(255, 0, 0);">BUBA</span> Bundesbank, the reserve bank of Germany.<br /><br /><span style="color: rgb(255, 0, 0);">Bull Market</span> A prolonged period of generally rising prices.<br /><br /><span style="color: rgb(255, 0, 0);">Bull (call or put) Spread </span>An option position composed of both long and short options of the same type, either calls or puts, designed to be profitable in a declining market. An option with a lower strike price is bought and one with a higher strike price is sold.<br /><br /><span style="color: rgb(255, 0, 0);">Bull </span>An investor who believes that prices are going to rise.<br /><br /><span style="color: rgb(255, 0, 0);">Bullion</span> A term for gold bars, not coin.<br /><br /><span style="color: rgb(255, 0, 0);">Bundesbank</span> Central Bank of Germany.<br /><br /><span style="color: rgb(255, 0, 0);">Butterfly Spread</span> (1) A futures butterfly spread is a spread trade in which multiple futures months are traded simultaneously at a differential. The trade basically consists of two futures spread transactions with either three or four different futures months at one differential. (2) An options butterfly spread is a combination of a bear and bull spread trade in which multiple options months and strike prices are traded simultaneously at a differential. The trade basically consists of two options spread transactions with either three or four different options months and strikes at one differential.<br /><br /><span style="color: rgb(255, 0, 0);">Buyer/Taker</span> The purchaser of an option, whether a call or put option. The buyer may also be referred to as the option holder. Option buyers receive the right, but not the obligation, to enter a futures/securities market position.<br /><br /><span style="color: rgb(255, 0, 0);">Buying Rate</span> Rate at which the market and a market maker in particular is willing to buy the currency. Sometimes called bid rate.<br /><br /><span style="color: rgb(255, 0, 0);">Buying The Spread</span> To buy the nearby contract and simultaneously sell the deferred contract. Also referred to as a bull spread. <br /> <br /> <br /><span style="color: rgb(255, 0, 0);"> -C- </span><br /> <br /><span style="color: rgb(255, 0, 0);">Cable </span>A term used in the foreign exchange market for the US Dollar/British Pound rate.<br /><br /><span style="color: rgb(255, 0, 0);">Calendar Spread </span>An option position comprised of purchase and sale of two option contracts of the same type with different expiration dates at the same exercise price.<br /><br /><span style="color: rgb(255, 0, 0);">Call Option</span> A call option confers the right but not the obligation to buy stock, shares or futures at a specified price.<br /><br /><span style="color: rgb(255, 0, 0);">Call </span>A (1) An option that gives the holder the right to buy the underlying instrument at a specified price during a fixed period. (2) A period of trading. (3) The right of a bond issuer to pre pay debt and demand the surrender of its bonds.<br /><br /><span style="color: rgb(255, 0, 0);">Cambiste </span>French term for foreign exchange dealer.<br /><br /><span style="color: rgb(255, 0, 0);">Cash Delivery </span>Same day settlement.<br /><br /><span style="color: rgb(255, 0, 0);">CBOE </span>Chicago Board Options Exchange.<br /><br /><span style="color: rgb(255, 0, 0);">CBOT or CBT </span>Chicago Board of Trade.<br /><br /><span style="color: rgb(255, 0, 0);">CD </span>Certificate of Deposit.<br /><br /><span style="color: rgb(255, 0, 0);">Central Bank </span>A bank which is responsible for controlling a country's monetary policy. It is normally the issuing bank and controls bank licensing, and any foreign exchange control regime.<br /><br /><span style="color: rgb(255, 0, 0);">Certificate of Deposit (CD) </span>A negotiable certificate in bearer form issued by a commercial bank as evidence of a deposit with that bank which states the maturity value, maturity rate and interest rate payable. CDs vary in size with maturities ranging from a few weeks to several years. CDs may normally be redeemed before maturity only by sale on the secondary market but may also be redeemed back to issuing bank through payment of a penalty.<br /><br /><span style="color: rgb(255, 0, 0);">Chartist </span>An individual who studies graphs and charts of historic data to find trends and predict trend reversals which include the observance of certain patterns and characteristics of the charts to derive resistance levels, head and shoulders patterns, and double bottom or double top patterns which are thought to indicate trend reversals.<br /><br /><span style="color: rgb(255, 0, 0);">Clearing </span>The process of setting a number of items against one another and making fund transfers on the net balance only as part of the settlement process.<br /><br /><span style="color: rgb(255, 0, 0);">Closed Position </span>A transaction which leaves the trade with a zero net commitment to the market with respect to a particular currency.<br /><br /><span style="color: rgb(255, 0, 0);">Closing Purchase Transaction </span>The purchase of an option identical to one already sold to liquidate a position.<br /><br /><span style="color: rgb(255, 0, 0);">CME </span>Chicago Mercantile Exchange.<br /><br /><span style="color: rgb(255, 0, 0);">Comex </span>Commodity Exchange of New York.<br /><br /><span style="color: rgb(255, 0, 0);">Commission </span>The fee that a broker may charge clients for dealing on their behalf.<br /><br /><span style="color: rgb(255, 0, 0);">Comptant </span>French term for spot settlement in foreign exchange.<br /><br /><span style="color: rgb(255, 0, 0);">Confirmation </span>A memorandum to the other party describing all the relevant details of the transaction.<br /><br /><span style="color: rgb(255, 0, 0);">Consumer Price Index </span>Monthly measure of the change in the prices of a defined basket of consumer goods including food, clothing, and transport. Countries vary in their approach to rents and mortgages. Rising CPI is normally associated with expectation of higher short term interest rates and may therefore be supportive for a currency in the short term. Nevertheless, a longer term inflation problem will eventually undermine confidence in the currency and weakness will follow.<br /><br /><span style="color: rgb(255, 0, 0);">Contract Expiration Date </span>The date on which a currency must be delivered to fulfill the terms of the contract. For options, the last day on which the option holder can exercise his right to buy or sell the underlying instrument or currency.<br /><br /><span style="color: rgb(255, 0, 0);">Contract </span>An agreement to buy or sell a specified amount of a particular currency or option for a specified month in the future (See Futures contract).<br /><br /><span style="color: rgb(255, 0, 0);">Cover</span> Calls are sold on the underlying currency with strikes which are higher than the market price. The strike price limits the profit that can be realized from the position.<br /><br /><span style="color: rgb(255, 0, 0);">Covered Call </span>A term used in the foreign exchange market for the US Dollar/British Pound rate.<br /><br /><span style="color: rgb(255, 0, 0);">Correspondent Bank </span>The foreign banks representative who regularly performs services for a bank which has no branch in the relevant centre, e.g. to facilitate the transfer of funds. In the US this often occurs domestically due to inter state banking restrictions.<br /><br /><span style="color: rgb(255, 0, 0);">Cost of Living Index </span>Broadly equivalent to Retail Price Index or Consumer price.<br /><br /><span style="color: rgb(255, 0, 0);">Counter Party </span>The other organisation or party with whom the exchange deal is being transacted.<br /><br /><span style="color: rgb(255, 0, 0);">Counter Value </span>Where a person buys a currency against the dollar it is the dollar value of the transaction.<br /><br /><span style="color: rgb(255, 0, 0);">Cours du Change </span>Exchange rate.<br /><br /><span style="color: rgb(255, 0, 0);">Cours Libre </span>Free exchange rate.<br /> <span style="color: rgb(255, 0, 0);"></span><br /><span style="color: rgb(255, 0, 0);">Court </span>French for "short" as in une position courte.<br /><br /><span style="color: rgb(255, 0, 0);">Courtier</span> French term for broker.<br /><br /><span style="color: rgb(255, 0, 0);">Cours Officiel</span> Official exchange rate.<br /><br /><span style="color: rgb(255, 0, 0);">Cover </span>(1) To take out a forward foreign exchange contract. (2) To close out a short position by buying currency or securities which have been sold.<br /><br /><span style="color: rgb(255, 0, 0);">Covered Call Write</span> A strategy of writing call options against a long position in the underlying asset. A covered put write being based on a short position in the asset.<br /><br /><span style="color: rgb(255, 0, 0);">Covered Margin</span> The interest rate margin between two instruments denominated in different currencies after taking account of the cost of forward cover.<br /><br /><span style="color: rgb(255, 0, 0);">CPSS</span> Committee on Payment and Settlement Systems.<br /> <br /><span style="color: rgb(255, 0, 0);">Credit Lombard</span> See Lombard rate.<br /><br /><span style="color: rgb(255, 0, 0);">Credit Risk</span> The risk that a debtor will not repay; more specifically the risk that the counterparty does not have the currency promised to be delivered.<br /><br /><span style="color: rgb(255, 0, 0);">Cross Deal</span> A foreign exchange deal entered into involving two currencies, neither of which is the base currency.<br /><br /><span style="color: rgb(255, 0, 0);">Cross Hedge</span> A technique using financial futures to hedge different but related cash instruments based on the view that the price movements between the instruments move in concert.<br /><br /><span style="color: rgb(255, 0, 0);">Cross Rates</span> Rates between two currencies, neither of which is the US Dollar.<br /><br /><span style="color: rgb(255, 0, 0);">Crossed Market</span> The situation which exists when a broker's bid is higher than the lowest offer of another broker.<br /><br /><span style="color: rgb(255, 0, 0);">Current Account</span> The net balance of a country's international payment arising from exports and imports together with unilateral transfers such as aid and migrant remittances. It excludes capital flows.<br /><br /><span style="color: rgb(255, 0, 0);">Current Balance</span> The value of all exports (goods plus services) less all imports of a country over a specific period of time, equal to the sum of trade and invisible balances plus net receipt of interest, profits and dividends from abroad.<br /><br /><span style="color: rgb(255, 0, 0);">Currency Swaps</span> See swaps. <br /> <br /> <br /><span style="color: rgb(255, 0, 0);"> -D- </span><br /><span style="color: rgb(255, 0, 0);"> </span><br /><span style="color: rgb(255, 0, 0);"> Day Order</span> An order that if not executed on the specific day is automatically canceled.<br /><br /><span style="color: rgb(255, 0, 0);"> Day Trader</span> Speculators who take positions which are then liquidated prior to the close of the same trading day.<br /><br /><span style="color: rgb(255, 0, 0);"> Daylight Exposure Limit </span>see intra day position.<br /><br /><span style="color: rgb(255, 0, 0);"> Deal Date</span> The date on which a transaction is agreed upon.<br /><br /><span style="color: rgb(255, 0, 0);"> Deal Ticket </span>The primary method of recording the basic information relating to a transaction.<br /><br /><span style="color: rgb(255, 0, 0);"> Dealer </span>An individual or firm acting as a principal, rather than as an agent, in the purchase and/or sale of securities. Dealers trade for their own account and risk.<br /><br /><span style="color: rgb(255, 0, 0);"> Dealing Board </span>The panel of communications equipment forming part of a dealer's desk.<br /><br /><span style="color: rgb(255, 0, 0);"> Declaration Date </span>The latest day or time by which the buyer of an option must indicate to the seller his intention to execute the option.<br /><br /><span style="color: rgb(255, 0, 0);"> Deficit</span> Shortfall in the balance of trade, balance of payments, or government budgets.<br /><br /><span style="color: rgb(255, 0, 0);"> Deflator</span> Difference between real and nominal Gross National Product, which is equivalent to the overall inflation rate.<br /><br /><span style="color: rgb(255, 0, 0);"> Delivery Date </span>The date of maturity of the contract, when the exchange of the currencies is made. This date is more commonly known as the value date in the FX or Money markets.<br /><br /><span style="color: rgb(255, 0, 0);"> Delivery Month</span> The calendar month in which a futures contract comes to maturity and becomes deliverable.<br /><br /><span style="color: rgb(255, 0, 0);"> Delivery Points</span> Those locations designated by futures exchanges at which the currency represented by a futures contract may be delivered in fulfillment of the contract.<br /><br /><span style="color: rgb(255, 0, 0);"> Delivery</span> The settlement of a futures contract by receipt or tender of a financial instrument or currency.<br /><br /><span style="color: rgb(255, 0, 0);"> Delta </span>The change in the value of the option premium made fully paid by the capitalisation of reserves and given relative to the instantaneous change in the value of the underlying instrument, expressed as a coefficient.<br /><br /><span style="color: rgb(255, 0, 0);"> Delta Hedging</span> A method used by option writers to hedge risk exposure of written options by purchase or sale of the underlying instrument in proportion to the delta.<br /><br /><span style="color: rgb(255, 0, 0);"> Delta Spread </span>A ratio spread of options established as a neutral position by using the deltas of the options concerned to determine the hedge ratio.<br /><br /><span style="color: rgb(255, 0, 0);"> Depo</span> Deposit<br /><br /><span style="color: rgb(255, 0, 0);"> Deport</span> French term for discount.<br /><br /><span style="color: rgb(255, 0, 0);"> Deposit Dealings</span> Money Market operations.<br /><br /><span style="color: rgb(255, 0, 0);"> Depreciation</span> A fall in the value of a currency due to market forces rather than due to official action.<br /><br /><span style="color: rgb(255, 0, 0);"> Derivatives</span> A broad term relating to risk management instruments such as futures, options, swaps, etc. The contract value moves in relation to the underlying instrument or currency. The issue of derivatives and their control following large losses by banks and corporates has been subject of much debate.<br /><br /><span style="color: rgb(255, 0, 0);"> Desk</span> Term referring to a group dealing with a specific currency or currencies.<br /><br /><span style="color: rgb(255, 0, 0);"> Details</span> All the information required to finalize a foreign exchange transaction, i.e. name, rate, dates, and point of delivery.<br /><br /><span style="color: rgb(255, 0, 0);"> Devaluation</span> Deliberate downward adjustment of a currency against its fixed parities or bands, normally by formal announcement.<br /><br /><span style="color: rgb(255, 0, 0);"> Devisen, Devises</span> Foreign exchange in German and French respectively.<br /><br /><span style="color: rgb(255, 0, 0);"> Devisenkassamarkt </span>German for spot exchange market.<br /><br /><span style="color: rgb(255, 0, 0);"> Devisenterminmarkt</span> German for forward exchange market.<br /><br /><span style="color: rgb(255, 0, 0);"> Diagonal (bull or bear) Spread </span>The purchase of a longer maturity option and the sale of a shorter maturity, lower exercise price option. The choice of calls or puts will determine its bear or bull character.<br /><br /><span style="color: rgb(255, 0, 0);"> Discount</span> (1) See forward Rate. Forward rate is lower than spot rate (2) an option that is trading for less than its intrinsic value.<br /><br /><span style="color: rgb(255, 0, 0);"> Discount Rate</span> The rate at which a bill is discounted. Specifically it refers to the rate at which a central bank is prepared to discount certain bills for financial institutions as a means of easing their liquidity, and is more accurately referred to as the official discount rate.<br /><br /><span style="color: rgb(255, 0, 0);"> Disposable Income</span> Earnings after tax.<br /><br /><span style="color: rgb(255, 0, 0);"> Durable Goods Orders </span>Durable Goods Orders are a measure of the new orders placed with domestic manufacturers for immediate and future delivery of factory hardgoods. Durable Goods Orders are a major indicator of manufacturing sector trends because most industrial production is done to order.<br /> <br /> <br /><span style="color: rgb(255, 0, 0);"> -E- </span><br /> <br /><span style="color: rgb(255, 0, 0);"> Easing</span> Modest decline in price<br /><br /><span style="color: rgb(255, 0, 0);"> Economic Indicator</span> A statistic which indicates current economic growth rates and trends such as retail sales and employment.<br /><br /><span style="color: rgb(255, 0, 0);"> End/End</span> Indicates that both the spot and forward maturity, or two forward maturities in a swap transaction, fall due on the last business day of appropriate calendar months.<br /><br /><span style="color: rgb(255, 0, 0);"> Euro Clear</span> A computerized settlement and depository system for safe custody, delivery of, and payment for Eurobonds.<br /><br /><span style="color: rgb(255, 0, 0);"> Eurobonds </span>A long-term loan issued in a currency other than that of the country or market in which it is issued. Interest is paid without the deduction of tax.<br /><br /><span style="color: rgb(255, 0, 0);"> Eurocurrency</span> A currency domiciled outside its country of origin normally held by non residents.<br /><br /><span style="color: rgb(255, 0, 0);"> Eurodollars</span> US dollars deposited in a bank (US or non US) located outside the USA.<br /><br /><span style="color: rgb(255, 0, 0);"> Eurofranc</span> Swiss Franc or Belgian Francs traded on the Eurocurrency market. Normally Swiss Francs are the more common currency.<br /><br /><span style="color: rgb(255, 0, 0);"> Euromark</span> Deutschmarks traded on the Eurocurrency market.<br /><br /><span style="color: rgb(255, 0, 0);"> European Option</span> An option that can be exercised only on its expiration date rather than before that date.<br /><br /><span style="color: rgb(255, 0, 0);"> European Union </span>The group formerly known as the European Community.<br /><br /><span style="color: rgb(255, 0, 0);"> Exchange Control</span> A system of controlling inflows and outflows of foreign exchange, devices include licensing multiple currencies, quotas, auctions, limits, levies and surcharges.<br /><br /><span style="color: rgb(255, 0, 0);"> Exercise Notice</span> The formal notification that the holder of a call (or put) option wishes to buy (or sell) the underlying security at the exercise price.<br /><br /><span style="color: rgb(255, 0, 0);"> Exercise Limit </span>A limit on the number of options contracts a holder may exercise within a specific period.<br /><br /><span style="color: rgb(255, 0, 0);"> Exercise Price</span> See Strike price.<br /><br /><span style="color: rgb(255, 0, 0);"> Exercise Value</span> For a call option, this is the amount by which the strike price is below the underlying investment; for a put option, it is the amount by which the strike price is above the underlying investment..<br /><br /><span style="color: rgb(255, 0, 0);"> Exotic </span>A less broadly traded currency.<br /><br /><span style="color: rgb(255, 0, 0);"> Expiration Date</span> (1) Options - the last date after which the option can no longer be exercised. (2) Bonds-the date on which a bond matures.<br /><br /><span style="color: rgb(255, 0, 0);"> Expiration Month</span> The month in which an option expires.<br /><br /><span style="color: rgb(255, 0, 0);"> Expiry Date </span>The last date on which an option can be bought or sold.<br /><br /><span style="color: rgb(255, 0, 0);"> Exposure</span> see Position and Mismatch. Various methods of calculating an exposure exist (i) Net working capital - The current assets in a foreign currency minus current liabilities in the currency; (ii) Net financial method - The current assets in a foreign currency minus current liabilities and long term debt in the currency; (iii) Monetary/non-monetary method - Monetary assets and liabilities in the foreign currency are valued at present exchange rates, while non-monetary items are entered at the relevant historic rates.<br /> <br /> <br /><span style="color: rgb(255, 0, 0);"> -F- </span><br /> <br /><span style="color: rgb(255, 0, 0);"> Fast Market </span>Rapid movement in a market caused by strong interest by buyers and/or sellers. In such circumstances price levels may be omitted and bid and offer quotations may occur too rapidly to be fully reported.<br /><br /><span style="color: rgb(255, 0, 0);"> Fed Fund Rate </span>The interest rate on Fed funds. This is a closely watched short term interest rate as it signals the Feds view as to the state of the money supply.<br /><br /><span style="color: rgb(255, 0, 0);"> Fed Funds</span> Cash balances held by banks with their local Federal Reserve Bank. The normal transaction with these funds is an inter bank sale of a Fed fund deposit for one business day. Straight deals are where the funds are traded overnight on an unsecured basis.<br /><br /><span style="color: rgb(255, 0, 0);"> Fed </span>The United States Federal Reserve. Federal Deposit Insurance Corporation Membership is compulsory for Federal Reserve members. The corporation had deep involvement in the Savings and Loans crisis of the late 80s.<br /><br /><span style="color: rgb(255, 0, 0);"> Federal Open Market Committee</span> See FOMC.<br /><br /><span style="color: rgb(255, 0, 0);"> Federal Reserve Board </span>The board of the Federal Reserve System, appointed by the US President for 14 year terms, one of whom is appointed for four years as chairman.<br /><br /><span style="color: rgb(255, 0, 0);"> Federal Reserve System</span> The central banking system of the US comprising 12 Federal Reserve Banks controlling 12 districts under the Federal Reserve Board. Membership of the Fed is compulsory for banks chartered by the Controller of Currency and optional for state chartered banks.<br /><br /><span style="color: rgb(255, 0, 0);"> Financial Future</span> A futures contract based on a financial instrument.<br /><br /><span style="color: rgb(255, 0, 0);"> Fine Rate </span>(1) A quote with a narrow spread. (2) The most favorable rate charged to a high quality borrower.<br /><br /><span style="color: rgb(255, 0, 0);"> Firm Quotation </span>The price given in response to a request for a rate at which the quoting party is willing to execute a deal for a reasonable amount for spot settlement. Screen quotes are indicative. Quotes on matching systems are normally firm depending on systems requirement to reconfirm rate prior to completing matching.<br /><br /><span style="color: rgb(255, 0, 0);"> Fixed Dates</span> The monthly calendar dates similar to the spot. There are two exceptions. For detailed description see value dates.<br /><br /><span style="color: rgb(255, 0, 0);"> Fixed Exchange Rate</span> Official rate set by monetary authorities. Often the fixed exchange rate permits fluctuation within a band.<br /><br /><span style="color: rgb(255, 0, 0);"> Fixing </span>A method of determining rates by normally finding a rate that balances buyers to sellers. Such a process occurs either once or twice daily at defined times. Used by some currencies particularly for establishing tourist rates. The system is also used in the London Bullion market.<br /><br /><span style="color: rgb(255, 0, 0);"> Flexible Exchange Rate</span> Exchange rates with a fixed parity against one or more currencies with frequent revaluation. A form of managed float.<br /><br /><span style="color: rgb(255, 0, 0);"> Floating Exchange Rate</span> An exchange rate where the value is determined by market forces. Even floating currencies are subject to intervention by the monetary authorities. When such activity is frequent the float is known as a dirty float.<br /><br /><span style="color: rgb(255, 0, 0);"> Floor</span> (1) An agreement with a counterparty that sets a lower limit to interest rates for the floor buyer for a stated time. (2) A term for an exchanges trading area (cf. screen based trading), normally the trading area is referred to as a pit in the commodities and futures markets.<br /><br /><span style="color: rgb(255, 0, 0);"> FOMC </span>Federal Open Market Committee, the committee that sets money supply targets in the US which tend to be implemented through Fed Fund interest rates etc.<br /><br /><span style="color: rgb(255, 0, 0);"> Foreign Exchange</span> The purchase or sale of a currency against sale or purchase of another.<br /><br /><span style="color: rgb(255, 0, 0);"> Forex </span>Foreign Exchange.<br /><br /><span style="color: rgb(255, 0, 0);"> Forward Contract</span> Sometimes used as synonym for "forward deal" or "future". More specifically for arrangements with the same effect as a forward deal between a bank and a customer.<br /><br /><span style="color: rgb(255, 0, 0);"> Forward Cover Taking</span> Forward contracts to protect against movements in the exchange rate.<br /><br /><span style="color: rgb(255, 0, 0);"> Forward Deal</span> A deal with a value date greater than the spot value date.<br /><br /><span style="color: rgb(255, 0, 0);"> Forward Forward </span>A forward / forward deal is one where both legs of the deal have value dates greater than the current spot value date.<br /><br /><span style="color: rgb(255, 0, 0);"> Forward Margins</span> Discounts or premiums between spot rate and the forward rate for a currency. Normally quoted in points.<br /><br /><span style="color: rgb(255, 0, 0);"> Forward Maturities</span> Trading days on which days contracts can be transacted later than the spot date.<br /><br /><span style="color: rgb(255, 0, 0);"> Forward Operations </span>Foreign exchange transactions, on which the fulfillment of the mutual delivery obligations is made on a date later than the second business day after the transaction was concluded.<br /><br /><span style="color: rgb(255, 0, 0);"> Forward Outrigh</span>t A commitment to buy or sell a currency for delivery on a specified future date or period. The price is quoted as the Spot rate minus or plus the forward points for the chosen period.<br /><br /><span style="color: rgb(255, 0, 0);"> Forward Rate Agreements </span>The FRA is an agreement between two parties that determine the interest rate that will apply to a notional future loan or deposit of an agreement.<br /><br /><span style="color: rgb(255, 0, 0);"> Forward Rate </span>Forward rates are quoted in terms of forward points, which represents the difference between the forward and spot rates. In order to obtain the forward rate from the actual exchange rate the forward points are either added or subtracted from the exchange rate. The decision to subtract or add points is determined by the differential between the deposit rates for both currencies concerned in the transaction. The base currency with the higher interest rate is said to be at a discount to the lower interest rate quoted currency in the forward market. Therefore the forward points are subtracted from the spot rate. Similarly, the lower interest rate base currency is said to be at a premium, and the forward points are added to the spot rate to obtain the forward rate.<br /><br /><span style="color: rgb(255, 0, 0);"> Free Reserves</span> Total reserves held by a bank less the reserves required by the authority.<br /><br /><span style="color: rgb(255, 0, 0);"> Front Office</span> The activities carried out by the dealer , normal trading activities.<br /><br /><span style="color: rgb(255, 0, 0);"> Fundamentals</span> The macro economic factors that are accepted as forming the foundation for the relative value of a currency, these include inflation, growth, trade balance, government deficit, and interest rates.<br /><br /><span style="color: rgb(255, 0, 0);"> Futures Contract</span> A contract traded on a futures exchange which requires the delivery of a specified quality and quantity of a commodity, currency or financial instruments a specified future month, if not liquidated before the contract matures.<br /><br /><span style="color: rgb(255, 0, 0);"> FX</span> Foreign Exchange.<br /> <br /> <br /><span style="color: rgb(255, 0, 0);"> -G- </span><br /> <br /><span style="color: rgb(255, 0, 0);"> G5</span> The Group of Five. The five leading industrial countries, being US, Germany, Japan, France, UK.<br /><br /><span style="color: rgb(255, 0, 0);"> G7</span> The seven leading industrial countries, being US , Germany, Japan, France, UK, Canada, Italy.<br /><br /><span style="color: rgb(255, 0, 0);"> G10 </span>G7 plus Belgium, Netherlands and Sweden, a group associated with IMF discussions. Switzerland is sometimes peripherally involved.<br /><br /><span style="color: rgb(255, 0, 0);"> Gamma</span> The rate at which a delta changes over time or for one unit change in the price of the underlying asset.<br /><br /><span style="color: rgb(255, 0, 0);"> Gap</span> A mismatch between maturities and cash flows in a bank or individual dealers position book. Gap exposure is effectively interest rate exposure.<br /><br /><span style="color: rgb(255, 0, 0);"> GLOBEX </span>A system for global after hours electronic trading in futures and options developed by Reuters for CME and CBOT for use in conjunction with various exchanges around the world.<br /><br /><span style="color: rgb(255, 0, 0);"> Going Long</span> The purchase of a stock or commodity for investment or speculation.<br /><br /><span style="color: rgb(255, 0, 0);"> Going Short </span>The selling of a currency or instrument not owned by the seller.<br /><br /><span style="color: rgb(255, 0, 0);"> Gold Standard</span> A monetary system that backs its currency with a reserve of gold, and allows currency holders to convert their currency into gold. The U.S. went off the gold standard in 1971.<br /><br /><span style="color: rgb(255, 0, 0);"> Good Until Canceled </span>(GTC) An instruction to a broker that unlike normal practice the order does not expire at the end of the trading day, although normally terminates at the end of the trading month.<br /><br /><span style="color: rgb(255, 0, 0);"> Gross </span>(GTC) Before deduction of tax.<br /><br /><span style="color: rgb(255, 0, 0);"> Gross Domestic Product</span> GDP is the broadest measure of aggregate economic activity available. Reported quarterly, GDP growth is widely followed as the primary indicator of the strength of economic activity. GDP represents the total value of a country’s production during the period and consists of the purchases of domestically produced goods and services by individuals, businesses, foreigners and the governments.<br /><br /><span style="color: rgb(255, 0, 0);"> Gross National Product</span> (GNP) Gross domestic product plus "factor income from abroad" - income earned from investment or work abroad.<br /><br /><span style="color: rgb(255, 0, 0);"> GNP Deflator</span> Removes inflation from the GNP figure. Usually expressed as a percentage and based on an index figure.<br /><br /><span style="color: rgb(255, 0, 0);"> GTC</span> See Good until canceled.<br /> <br /> <br /><span style="color: rgb(255, 0, 0);"> -H- </span><br /> <br /><span style="color: rgb(255, 0, 0);"> Head and Shoulders</span> SA pattern in price trends which chartists consider indicates a price trend reversal. The price has risen for some time, at the peak of the left shoulder, profit taking has caused the price to drop or level. The price then rises steeply again to the head before more profit taking causes the price to drop to around the same level as the shoulder. A further modest rise or level will indicate that a further major fall is imminent. The breach of the neckline is the indication to sell.<br /><br /><span style="color: rgb(255, 0, 0);"> Hedge</span> The purchase or sale of options or futures contracts as a temporary substitute for a transaction to be made at a later date. Usually it involves opposite positions in the cash or futures or options market.<br /><br /><span style="color: rgb(255, 0, 0);"> HIBOR</span> Hong Kong Inter-bank Offered Rate.<br /><br /><span style="color: rgb(255, 0, 0);"> Historical Volatility</span> The annualized standard deviation of percentage changes in futures prices over a specific period. It is an indication of past volatility in the marketplace.<br /><br /><span style="color: rgb(255, 0, 0);"> American Option</span> An option which may be exercised at any time prior to expiration. Compared with a European option that can only be exercised on a specific date.<br /><br /><span style="color: rgb(255, 0, 0);"> Hit the Bid</span> Acceptance of purchasing at the offer or selling at the bid. <br /><br /><span style="color: rgb(255, 0, 0);"> Holder</span> Same as buyer.<br /><br /><span style="color: rgb(255, 0, 0);"> Housing Starts</span> Housing Starts are a measure of the number of residential units on which construction is begun each month.<br /><br /><span style="color: rgb(255, 0, 0);"> Hyperinflation</span> Very high and self sustaining inflation levels. One definition being the period while inflation exceeds 50% until it has dropped below that level for 12 months.<br /> <br /> <br /><span style="color: rgb(255, 0, 0);"> -I- </span><br /> <br /><span style="color: rgb(255, 0, 0);"> IMF </span>International Monetary Fund, established in 1946 to provide international liquidity on a short and medium term and encourage liberalization of exchange rates. The IMF supports countries with balance of payments problems with the provision of loans.<br /><br /><span style="color: rgb(255, 0, 0);"> IMM </span>International Monetary Market part of the Chicago Mercantile Exchange that lists a number of currency and financial futures.<br /><br /><span style="color: rgb(255, 0, 0);"> Implied Volatility</span> A measurement of the market's expected price range of the underlying currency futures based on the traded option premiums.<br /><br /><span style="color: rgb(255, 0, 0);"> Implied Volatility Skews </span>The implied volatility varies for different strikes of an option.<br /><br /><span style="color: rgb(255, 0, 0);"> Implied Rates</span> The interest rate determined by calculating the difference between spot and forward rates.<br /><br /><span style="color: rgb(255, 0, 0);"> In-the-Money</span> A call option is In-the-money if the price of the underlying instrument is higher than the exercise/strike price. A put option is In-the-money if the price of the underlying instrument is below the exercise/strike price. See Out-of-the-money.<br /><br /><span style="color: rgb(255, 0, 0);"> Inconvertible Currency</span> Currency which cannot be exchanged for other currencies, because this is forbidden by the foreign exchange regulations.<br /><br /><span style="color: rgb(255, 0, 0);"> Indicative Quote</span> A market-maker's price which is not firm.<br /><br /><span style="color: rgb(255, 0, 0);"> Industrial Production Index</span> A coincident indicator measuring physical output of manufacturing, mining and utilities.<br /><br /><span style="color: rgb(255, 0, 0);"> Inflation</span> Continued rise in the general price level in conjunction with a related drop in purchasing power. Sometimes referred to as an excessive movement in such price levels.<br /><br /><span style="color: rgb(255, 0, 0);"> Info Quote </span>Rate given for information purposes only.<br /><br /><span style="color: rgb(255, 0, 0);"> Initial Margin</span> The margin is a returnable deposit required to be lodged by buyers and sellers with the clearing house to secure a new futures or options position.<br /><br /><span style="color: rgb(255, 0, 0);"> Inter-Bank Rates </span>The bid and offer rates at which international banks place deposits with each other. The basis of the Interbank market.<br /><br /><span style="color: rgb(255, 0, 0);"> Interest Rate Options</span> An agreement permitting a party to obtain a particular interest rate, issued both OTC and by exchanges.<br /><br /><span style="color: rgb(255, 0, 0);"> Interest Rate Floor</span> An agreement which provides the buyer of the floor with a minimum interest rate for future lending requirements.<br /><br /><span style="color: rgb(255, 0, 0);"> Interest Rate Floor </span>An agreement which provides the buyer of the floor with a minimum interest rate for future lending requirements.<br /><br /><span style="color: rgb(255, 0, 0);"> Interest Rate Swaps </span>An agreement to swap interest rate exposures from floating to fixed or vice versa. There is no swap of the principal. It is the interest cash flows be they payments or receipts that are exchanged.<br /><br /><span style="color: rgb(255, 0, 0);"> Intervention</span> Action by a central bank to effect the value of its currency by entering the market. Concerted intervention refers to action by a number of central banks to control exchange rates.<br /><br /><span style="color: rgb(255, 0, 0);"> In the Money</span> A call option is in the money when the strike price is less than the current price of the underlying instrument. A put is when the strike price is greater.<br /><br /><span style="color: rgb(255, 0, 0);"> Intra Day Limit</span> Limit set by bank management on the size of each dealer's Intra Day Position.<br /><br /><span style="color: rgb(255, 0, 0);"> Intra Day Position</span> Open positions run by a dealer within the day. Usually squared by the close.<br /><br /><span style="color: rgb(255, 0, 0);"> Intrinsic Value</span> The amount by which an option is In-the-money. The intrinsic value is the difference between the exercise/strike price and the price of the underlying security.<br /> <br /> <br /><span style="color: rgb(255, 0, 0);"> -K- </span><br /> <br /><span style="color: rgb(255, 0, 0);"> Key Currency</span> Small countries, which are highly dependent on exports, orientates their currencies to their major trading partners, the constituents of a currency basket.<br /><br /><span style="color: rgb(255, 0, 0);"> Kiwi </span>Slang for the New Zealand dollar.<br /><br /><span style="color: rgb(255, 0, 0);"> Knock In </span>A process where a barrier option (European) becomes active as the underlying spot price is in the money.<br /><br /><span style="color: rgb(255, 0, 0);"> Knock Out</span> Has a corresponding meaning although the option may permanently cease to exist.<br /> <br /> <br /><span style="color: rgb(255, 0, 0);"> -L- </span><br /> <br /><span style="color: rgb(255, 0, 0);"> Last Trading Day</span> The day on which trading ceases for an expiring contract.<br /><br /><span style="color: rgb(255, 0, 0);"> Leading Indicators</span> Statistics that are considered to precede changes in economic growth rates and total business activity, e.g. factory orders.<br /><br /><span style="color: rgb(255, 0, 0);"> Leverage</span> In options terminology, this expresses the disproportionately large change in the premium in terms of the relative price movement of the underlying instrument.<br /><br /><span style="color: rgb(255, 0, 0);"> LIBID</span> The London Interbank Bid Rate. The rate charged by one bank to another for a deposit.<br /><br /><span style="color: rgb(255, 0, 0);"> LIBOR</span> The London Interbank Offered Rate, the rate charged by one bank to another for lending money.<br /><br /><span style="color: rgb(255, 0, 0);"> LIFFE </span>London International Financial Futures Exchange.<br /><br /><span style="color: rgb(255, 0, 0);"> Limit Down </span>The maximum price decline from the previous trading day's settlement price permitted in one trading session.<br /><br /><span style="color: rgb(255, 0, 0);"> Limit Order</span> An order to buy or sell a specified amount of a security at a specified price or better.<br /><br /><span style="color: rgb(255, 0, 0);"> Limit Up </span>The maximum price advance from the previous trading day's settlement price permitted in one trading session.<br /><br /><span style="color: rgb(255, 0, 0);"> Limit</span> (1)The maximum price fluctuation permitted by an exchange from the previous session's settlement price for a given contract. (2) In international banking the limit a bank is willing to lend in a country. (3) The amount that one bank is prepared to trade with another. (4) The amount that a dealer is permitted to trade in a given currency.<br /><br /><span style="color: rgb(255, 0, 0);"> Lines </span>An arrangement by which a bank agrees to lend to the line holder during some specified period any amount up to the full amount of the line.<br /><br /><span style="color: rgb(255, 0, 0);"> Liquidation</span> Any transaction that offsets or closes out a previously established position.<br /><br /><span style="color: rgb(255, 0, 0);"> Liquidity</span> The ability of a market to accept large transactions.<br /><br /><span style="color: rgb(255, 0, 0);"> Lombard Rate</span> One of the key commercial interest rates normally referring to Germany although such rates exist in France, Belgium, and Switzerland. An interest rate for a loan against the security of pledged paper.<br /><br /><span style="color: rgb(255, 0, 0);"> Long </span>The holding of an excess of a particular currency.<br /><br /><span style="color: rgb(255, 0, 0);"> Long Hedge</span> The purchase of futures contracts for price protection purposes, as a defensive position against an increase in cash prices, or falling interest rates.<br /> <br /> <br /><span style="color: rgb(255, 0, 0);"> -M- </span><br /> <br /><span style="color: rgb(255, 0, 0);"> M0 </span>Cash in circulation . Only used by the UK.<br /><br /><span style="color: rgb(255, 0, 0);"> M1</span> Cash in circulation plus demand deposits at commercial banks. There are variations between the precise definitions used by national financial authorities.<br /><br /><span style="color: rgb(255, 0, 0);"> M2 </span>Includes demand deposits, time deposits and money market mutual funds excluding large CDs.<br /><br /><span style="color: rgb(255, 0, 0);"> M3</span> In the UK it is M1 plus public and private sector time deposits and sight deposits held by the public sector.<br /><br /><span style="color: rgb(255, 0, 0);"> M4</span> In the US it is M2 plus negotiable CDs.<br /><br /><span style="color: rgb(255, 0, 0);"> Maintenance Margin </span>The minimum margin which an investor must keep on deposit in a margin account at all times in respect of each open contract.<br /><br /><span style="color: rgb(255, 0, 0);"> Margin Call</span> A demand for additional funds to be deposited in a margin account to meet margin requirements because of adverse future price movements.<br /><br /><span style="color: rgb(255, 0, 0);"> Margin</span> (1) Difference between the buying and selling rates, also used to indicate the discount or premium between spot or forward. (2) For options, the sum required as collateral from the writer of an option. (3) For futures, a deposit made to the clearing house on establishing a futures position account. (4) The percentage reserve required by the US Federal Reserve to make an initial credit transaction.<br /><br /><span style="color: rgb(255, 0, 0);"> Marginal Risk</span> The risk that a customer goes bankrupt after entering into a forward contract. In such an event the issuer must close the commitment running the risk of having to pay the marginal movement on the contract.<br /><br /><span style="color: rgb(255, 0, 0);"> Mark Up </span>Premium.<br /><br /><span style="color: rgb(255, 0, 0);"> Market Amount </span>The minimum amount conventionally dealt for between banks.<br /><br /><span style="color: rgb(255, 0, 0);"> Market Maker</span> A market maker is a person or firm authorized to create and maintain a market in an instrument.<br /><br /><span style="color: rgb(255, 0, 0);"> Market Order </span>An order to buy or sell a financial instrument immediately at the best possible price.<br /><br /><span style="color: rgb(255, 0, 0);"> MATIF</span> Marche a Terme International de France..<br /><br /><span style="color: rgb(255, 0, 0);"> Maturity Date</span> (1) The last trading day of a futures contract. (2) Date on which a bond matures, at which time the face value will be returned to the purchaser. Sometimes the maturity date is not one specified date but a range of dates during which the bond may be repaid.<br /><br /><span style="color: rgb(255, 0, 0);"> Micro Economics </span>The study of economic activity as it applies to individual firms or well defined small groups of individuals or economic sectors.<br /><br /><span style="color: rgb(255, 0, 0);"> Mid Office</span> The control of the trading activity including position keeping.<br /><br /><span style="color: rgb(255, 0, 0);"> Mid-Price or Middle Rate</span> The price half-way between the two prices, or the average of both buying and selling prices offered by the market makers.<br /><br /><span style="color: rgb(255, 0, 0);"> Milliard</span> European term for 1,000 million..<br /><br /><span style="color: rgb(255, 0, 0);"> Mine </span>Expression used to indicate that the contacting party is willing to buy at the rate offered by the quoting bank..<br /><br /><span style="color: rgb(255, 0, 0);"> Minimum Price Fluctuation</span> The smallest increment of market price movement possible in a given futures contract..<br /><br /><span style="color: rgb(255, 0, 0);"> Minimum Reserve</span> Reserves required to be deposited at central banks by commercial banks and other financial institutions. Sometimes referred to as Registered Reserves.<br /><br /><span style="color: rgb(255, 0, 0);"> Mio</span> Million.<br /><br /><span style="color: rgb(255, 0, 0);"> MM </span>Money Markets..<br /><br /><span style="color: rgb(255, 0, 0);"> Money Market</span> A market consisting of financial institutions and dealers in money or credit who wish to either borrow or lend.<br /><br /><span style="color: rgb(255, 0, 0);"> Money Market Operations </span>Comprises the acceptance and re-lending of deposits on the money market.<br /><br /><span style="color: rgb(255, 0, 0);"> Money Supply </span>The amount of money in the economy, which can be measured in a number of ways. See definitions of M0-M4.<br /><br /><span style="color: rgb(255, 0, 0);"> Moving Average</span> A way of smoothing a set of data, widely used in price time series.<br /><br /><span style="color: rgb(255, 0, 0);"> Multiple Exchange Rates</span> Different exchange rates for different types of transaction. The South African Rand is an example.<br /><br /><span style="color: rgb(255, 0, 0);"> Mutual Fund</span> An open-end investment company. Equivalent to unit trust.<br /><br /> <br /> <br /><span style="color: rgb(255, 0, 0);"> -N- </span><br /> <br /><span style="color: rgb(255, 0, 0);"> Nearby Month</span> The nearest actively traded delivery month, a.k.a. current delivery month, lead month.<br /><br /><span style="color: rgb(255, 0, 0);"> Net Position </span>The number of futures contracts bought or sold which have not yet been offset by opposite transactions.<br /><br /><span style="color: rgb(255, 0, 0);"> Nostro Account</span> A foreign currency current account maintained with another bank. The account is used to receive and pay currency assets and liabilities denominated in the currency of the country in which the bank is resident.<br /><br /><span style="color: rgb(255, 0, 0);"> Note </span>A financial instrument consisting of a promise to pay rather than an order to pay or a certificate of indebtedness.<br /> <br /> <br /><span style="color: rgb(255, 0, 0);"> -O- </span><br /> <br /><span style="color: rgb(255, 0, 0);"> OECD </span>An international organization helping governments tackle the economic, social and governance challenges of a globalised economy.<br /><br /><span style="color: rgb(255, 0, 0);"> Offer</span> The price at which a seller is willing to sell. The best offer is the lowest such price available.<br /><br /><span style="color: rgb(255, 0, 0);"> Offered Market</span> Temporary situation where offers exceed bid.<br /><br /><span style="color: rgb(255, 0, 0);"> Offset</span> The closing-out or liquidation of a futures position.<br /><br /><span style="color: rgb(255, 0, 0);"> Off-Shore</span> The operations of a financial institution which although physically located in a country, has little connection with that country's financial systems. In certain countries a bank is not permitted to do business in the domestic market but only with other foreign banks. This is known as an off shore banking unit.<br /><br /><span style="color: rgb(255, 0, 0);"> Old Lady</span> Old lady of Threadneedle Street, a term for the Bank of England.<br /><br /><span style="color: rgb(255, 0, 0);"> Open Interest</span> The total number of outstanding option or futures contracts that have not been closed out by offset or fulfilled by delivery.<br /><br /><span style="color: rgb(255, 0, 0);"> Open Market Committee</span> See Federal Open Market Committee.<br /><br /><span style="color: rgb(255, 0, 0);"> Open Market Operations</span> Central Bank operations in the markets to influence exchange and interest rates.<br /><br /><span style="color: rgb(255, 0, 0);"> Open Position </span>The difference between assets and liabilities in a particular currency. This may be measured on a per currency basis or the position of all currencies when calculated in base currency.<br /><br /><span style="color: rgb(255, 0, 0);"> Option Class </span>All options of the same type - calls or puts - listed on the same underlying instrument.<br /><br /><span style="color: rgb(255, 0, 0);"> Option Series </span>All options of the same class having the same exercise/strike price and expiry.<br /><br /><span style="color: rgb(255, 0, 0);"> Option</span> A contract conferring the right but not the obligation to buy (call) or to sell (put) a specified amount of an instrument at a specified price within a predetermined time period.<br /><br /><span style="color: rgb(255, 0, 0);"> Original Margin </span>See Initial Margin.<br /><br /><span style="color: rgb(255, 0, 0);"> OTC</span> Over the Counter, the term used to describe futures and options not traded on an exchange. Trade is directly between buyers and sellers and there is no standardization of strikes or expirations.<br /><br /><span style="color: rgb(255, 0, 0);"> Out-of the Money</span> A put option is Out-of-the-money if the exercise/strike price is below the price of the underlying instrument. A call option is Out-of-the money if the exercise/strike price is higher than the price of the underlying instrument. See In-the-money.<br /><br /><span style="color: rgb(255, 0, 0);"> Outright Deal </span>A forward deal that is not part of a swap operation.<br /><br /><span style="color: rgb(255, 0, 0);"> Over Bought or Over Sold</span> See long and short.<br /><br /><span style="color: rgb(255, 0, 0);"> Overnight Limit </span>Net long or short position in one or more currencies that a dealer can carry over into the next dealing day. Passing the book to other bank dealing rooms in the next trading time zone reduces the need for dealers to maintain these unmonitored exposures.<br /><br /><span style="color: rgb(255, 0, 0);"> Overnight </span>A deal from today until the next business day.<br /><br /><span style="color: rgb(255, 0, 0);"> Over the Counter</span> See OTC <br /> <br /> <br /><span style="color: rgb(255, 0, 0);"> -P- </span><br /> <br /><span style="color: rgb(255, 0, 0);"> Parity</span> (1) Foreign exchange dealer's slang for your price is the correct market price. (2) Official rates in terms of SDR or other pegging currency.<br /><br /><span style="color: rgb(255, 0, 0);"> Parities </span>The value of one currency in terms of another.<br /><br /><span style="color: rgb(255, 0, 0);"> Payment Date </span>The date on which a dividend or bond interest payment is scheduled to be delivered.<br /><br /><span style="color: rgb(255, 0, 0);"> Payroll Employment </span>Payroll employment is a measure of the number of people being paid as employees by non-farm business establishments and units of government. Monthly changes in payroll employment reflect the number of net new jobs created or lost during the month and changes are widely followed as an important indicator of economic activity. Large increases in payroll employment are seen as signs of strong economic activity that could eventually lead to higher interest rates that are supportive of the currency at least in the short term.<br /><br /><span style="color: rgb(255, 0, 0);"> Plaza Accord </span>The 1985 Plaza Hotel agreement by the G5 to lower the dollar.<br /><br /><span style="color: rgb(255, 0, 0);"> Petrodollars </span>Foreign exchange reserves of oil producing nations arising from oil sales.<br /><br /><span style="color: rgb(255, 0, 0);"> PIBOR</span> Paris Inter-bank Offered Rate.<br /><br /><span style="color: rgb(255, 0, 0);"> Pip</span> See Point. (0.0001 of a unit).<br /><br /><span style="color: rgb(255, 0, 0);"> Point</span> (1) 100th part of a per cent, normally 10,000 of any spot rate. Movement of exchange rates are usually in terms of points. (2) One percent on an interest rate e.g. from 8-9%. (3) Minimum fluctuation or smallest increment of price movement.<br /><br /><span style="color: rgb(255, 0, 0);"> Position Limit</span> The maximum position, either net long or net short, in one future or in all futures of one currency or instrument combined which may be held or controlled by one person.<br /><br /><span style="color: rgb(255, 0, 0);"> Position </span>The netted total commitments in a given currency. A position can be either flat or square (no exposure), long, (more currency bought than sold), or short ( more currency sold than bought).<br /><br /><span style="color: rgb(255, 0, 0);"> Producer</span> Price Indices See Wholesale Price Indices.<br /><br /><span style="color: rgb(255, 0, 0);"> Premium </span>(1) The amount by which a forward rate exceeds a spot rate (2) The amount by which the market price of a bond exceeds its par value. (3) Options, the price a put or call buyer must pay to a put or call seller for an option contract. (4) The margin paid above the normal price level.<br /><br /><span style="color: rgb(255, 0, 0);"> Prime Rate </span>(1) The rate from which lending rates by banks are calculated in the US. (2) The rate of discount of prime bank bills in the UK.<br /><br /><span style="color: rgb(255, 0, 0);"> Producer Price Index</span> (PPI) PPI is a measure of the average level of prices of a fixed basket of goods received in primary markets by producers. A rising PPI is normally expected to lead to higher CPI and thereby to potentially higher short term interest rates.<br /><br /><span style="color: rgb(255, 0, 0);"> Profit Taking </span>The unwinding of a position to realize profits.<br /><br /><span style="color: rgb(255, 0, 0);"> Put Option</span> A put option confers the right but not the obligation to sell currencies, instruments or futures at the option exercise price within a predetermined time period.<br /> <br /> <br /><span style="color: rgb(255, 0, 0);"> -Q- </span><br /> <br /><span style="color: rgb(255, 0, 0);"> Quote </span>An indicative price. The price quoted for information purposes but not to deal.<br /><br /><span style="color: rgb(255, 0, 0);"> Quota </span>(1) A limit on imports or exports. (2) A country's subscription to the IMF. <br /> <br /> <br /><span style="color: rgb(255, 0, 0);"> -R- </span><br /> <br /><span style="color: rgb(255, 0, 0);"> Rally </span>A recovery in price after a period of decline.<br /><br /><span style="color: rgb(255, 0, 0);"> Range</span> The difference between the highest and lowest price of a future recorded during a given trading session.<br /><br /><span style="color: rgb(255, 0, 0);"> Ratio Spread</span> Buying a specific quantity of options and selling a larger quantity of out of the money options.<br /><br /><span style="color: rgb(255, 0, 0);"> Ratio Calendar Spread </span>Selling more near-term options than longer maturity options at the same strike price.<br /><br /><span style="color: rgb(255, 0, 0);"> Reaction</span> A decline in prices following an advance.<br /><br /><span style="color: rgb(255, 0, 0);"> Real </span>A price, interest rate or statistic that has been adjusted to eliminate the effect of inflation.<br /><br /><span style="color: rgb(255, 0, 0);"> Recession</span> A decline in business activity. Often defined as two consecutive quarters with a real fall in GNP.<br /><br /><span style="color: rgb(255, 0, 0);"> Reinvestment Rate </span>The rate at which interest earned on a loan can be reinvested. The rate may not attract the same level of interest as the principal amount.<br /><br /><span style="color: rgb(255, 0, 0);"> Report </span>French term for premium.<br /><br /><span style="color: rgb(255, 0, 0);"> Repo Rate</span> See Repurchase Agreement.<br /><br /><span style="color: rgb(255, 0, 0);"> Repurchase Agreement</span> Agreements by a borrower where they sell securities with a commitment to repurchase them at the same rate with a specified interest rate.<br /><br /><span style="color: rgb(255, 0, 0);"> Reserves</span> Funds held against future contingencies, normally a combination of convertible foreign currency, gold, and SDRs. Official reserves are to ensure that a government can meet near term obligations. They are an asset in the balance of payments.<br /><br /><span style="color: rgb(255, 0, 0);"> Reserve Requirement</span> The ratio of reserves to deposits, expressed as a fraction prescribed by national banking authorities including USA.<br /><br /><span style="color: rgb(255, 0, 0);"> Reserve Tranche </span>The 25% of its quota to which a member of the IMF has unconditional access, and for which there is no obligation to repay.<br /><br /><span style="color: rgb(255, 0, 0);"> Resistance Point or Level </span>A price recognized by technical analysts as a price which is likely to result in a rebound but if broken through is likely to result in a significant price movement.<br /><br /><span style="color: rgb(255, 0, 0);"> Retail Price Index</span> Measurement of the monthly change in the average level of prices at retail, normally of a defined group of goods.<br /><br /><span style="color: rgb(255, 0, 0);"> Retail Sales </span>Retail Sales are a measure of the total receipts of retail stores. Monthly percentage changes reflect the rate of change of such sales and are widely followed as an indicator of consumer spending. Rising in Retail Sales are often associated with a strong economy and therefore an expectation of higher short term interest rates that are often supportive to a currency in at least the short term.<br /><br /><span style="color: rgb(255, 0, 0);"> Reuter Dealing </span>A system for screen based trading that has been in operation since the early 1980s now has a matching optional enhancement known as Dealing 2000-2.<br /><br /><span style="color: rgb(255, 0, 0);"> Reversal</span> Process of changing a call into a put.<br /><br /><span style="color: rgb(255, 0, 0);"> Revaluation</span> Increase in the exchange rate of a currency as a result of official action.<br /><br /><span style="color: rgb(255, 0, 0);"> Revaluation Rate </span>The rate for any period or currency which is used to revalue a position or book.<br /><br /><span style="color: rgb(255, 0, 0);"> Risk Management</span> The identification and acceptance or offsetting of the risks threatening the profitability or existence of an organization. With respect to foreign exchange involves among others consideration of market, sovereign, country, transfer, delivery, credit, and counterparty risk.<br /><br /><span style="color: rgb(255, 0, 0);"> Risk Position </span>An asset or liability, which is exposed to fluctuations in value through changes in exchange rates or interest rates.<br /><br /><span style="color: rgb(255, 0, 0);"> Risk Reversal</span> A combination of purchasing put options with the sale of call options. The put limits downside, while the call limits the upside.<br /><br /><span style="color: rgb(255, 0, 0);"> Rolling Over </span>The substituting of a far option for a near option of the same underlying stock at the same strike/exercise price.<br /><br /><span style="color: rgb(255, 0, 0);"> Rollover</span> An overnight swap, specifically the next business day against the following business day (also called Tomorrow Next, abbreviated to Tom-Next).<br /><br /><span style="color: rgb(255, 0, 0);"> Running a Position</span> Keeping open positions in the hope of a speculative gain. <br /> <br /> <br /><span style="color: rgb(255, 0, 0);"> -S- </span><br /> <br /><span style="color: rgb(255, 0, 0);"> Same Day Transaction</span> A transaction that matures on the day the transaction takes place.<br /><br /><span style="color: rgb(255, 0, 0);"> Sandwich Spread </span>Same as a butterfly spread.<br /><br /><span style="color: rgb(255, 0, 0);"> Scalping </span>A strategy of buying at the bid and selling at the offer as soon as possible.<br /><br /><span style="color: rgb(255, 0, 0);"> SDR </span>Special Drawing Right. A standard basket of five major currencies in fixed amounts as defined by the IMF.<br /><br /><span style="color: rgb(255, 0, 0);"> Selling Rate </span>Rate at which a bank is willing to sell foreign currency.<br /><br /><span style="color: rgb(255, 0, 0);"> Series</span> All options of the same class which share a common strike price and expiration date.<br /><br /><span style="color: rgb(255, 0, 0);"> Settlement Date </span>The date by which an executed order must be settled by the transference of instruments or currencies and funds between buyer and seller.<br /><br /><span style="color: rgb(255, 0, 0);"> Settlement Price </span>The official closing price for a future set by the clearing house at the end of each trading day.<br /><br /><span style="color: rgb(255, 0, 0);"> Settlement Risk</span> Risk associated with the non settlement of the transaction by the counter party.<br /><br /><span style="color: rgb(255, 0, 0);"> Short / Short Position </span>A shortage of assets in a particular currency. See Short Sale.<br /><br /><span style="color: rgb(255, 0, 0);"> Short Contracts</span> Contracts with up to six months to delivery.<br /><br /><span style="color: rgb(255, 0, 0);"> Short Covering</span> Buying to unwind a shortage of a particular currency or asset.<br /><br /><span style="color: rgb(255, 0, 0);"> Short Forward Date/Rate</span> The term short forward refers to a period of up to two months, although it is more commonly used with respect to maturities of less than one month.<br /><br /><span style="color: rgb(255, 0, 0);"> Short Sale </span>The sale of a currency futures not owned by the seller at the time of the trade. Short sales are usually made in expectation of a decline in the price.<br /><br /><span style="color: rgb(255, 0, 0);"> Short-Term </span>Interest Rates Normally the 90 day rate.<br /><br /><span style="color: rgb(255, 0, 0);"> Shorts</span> See Short Forward Date/Rate.<br /><br /><span style="color: rgb(255, 0, 0);"> SITC </span>Standard International Trade Classification. A system for reporting trade statistics in a common manner.<br /><br /><span style="color: rgb(255, 0, 0);"> SOFFEX </span>Swiss Options and Financial Futures Exchange, a fully automated and integrated trading and clearing system.<br /><br /><span style="color: rgb(255, 0, 0);"> Soft Market </span>More potential sellers than buyers, which creates an environment where rapid price falls are likely.<br /><br /><span style="color: rgb(255, 0, 0);"> Split Date</span> See Broken Date.<br /><br /><span style="color: rgb(255, 0, 0);"> Spot</span> (1) The most common foreign exchange transaction. (2) Spot or Spot date refers to the spot transaction value date that requires settlement within two business days, subject to value date calculation.<br /><br /><span style="color: rgb(255, 0, 0);"> Spot Next</span> The overnight swap from the spot date to the next business day.<br /><br /><span style="color: rgb(255, 0, 0);"> Spot Month </span>The contract month closest to delivery.<br /><br /><span style="color: rgb(255, 0, 0);"> Spot Price/Rate </span>The price at which the currency is currently trading in the spot market.<br /><br /><span style="color: rgb(255, 0, 0);"> Spot Week</span> A standard period of one week swap measured from the current value date of the currency spot rate.<br /><br /><span style="color: rgb(255, 0, 0);"> Spread</span> (l)The difference between the bid and ask price of a currency. (2) The difference between the price of two related futures contracts. (3) For options, transactions involving two or more option series on the same underlying currency.<br /><br /><span style="color: rgb(255, 0, 0);"> Square </span>Purchase and sales are in balance and thus the dealer has no open position.<br /><br /><span style="color: rgb(255, 0, 0);"> Squawk Box</span> A speaker connected to a phone often used in broker trading desks.<br /><br /><span style="color: rgb(255, 0, 0);"> Squeeze</span> Action by a central bank to reduce supply in order to increase the price of money.<br /><br /><span style="color: rgb(255, 0, 0);"> Stable Market</span> An active market which can absorb large sale or purchases of currency without major moves.<br /><br /><span style="color: rgb(255, 0, 0);"> Standard</span> A term referring to certain normal amounts and maturities for dealing.<br /><br /><span style="color: rgb(255, 0, 0);"> Standard and Poors </span>A US firm engaged in assessing the financial health of borrowers. The firm also has generated certain stock indices i.e. S & P 500.<br /><br /><span style="color: rgb(255, 0, 0);"> Sterilization </span>Central Bank activity in the domestic money market to reduce the impact on money supply of its intervention activities in the FX market.<br /><br /><span style="color: rgb(255, 0, 0);"> Sterling </span>British pound, otherwise known as Cable.<br /><br /><span style="color: rgb(255, 0, 0);"> Stocky</span> Market slang for Swedish Krona.<br /><br /><span style="color: rgb(255, 0, 0);"> Stop Loss Order </span>Order given to ensure that , should a currency weaken by a certain percentage, a short position will be covered even though this involves taking a loss. Realize profit orders are less common.<br /><br /><span style="color: rgb(255, 0, 0);"> Straddle</span> The simultaneous purchase/sale of both call and put options for the same share, exercise/strike price and expiry date.<br /><br /><span style="color: rgb(255, 0, 0);"> Stagflation </span>Recession or low growth in conjunction with high inflation rates.<br /><br /><span style="color: rgb(255, 0, 0);"> Straight</span> A bond with unquestioned right to repayment of principal and interest at the specified dates with no additional further rights or bonuses.<br /><br /><span style="color: rgb(255, 0, 0);"> Straight Date</span> See fixed dates.<br /><br /><span style="color: rgb(255, 0, 0);"> Strap</span> A combination of two calls and one put.<br /><br /><span style="color: rgb(255, 0, 0);"> Strike Price </span>Also called Exercise Price. The price at which an options holder can buy or sell the underlying instrument.<br /><br /><span style="color: rgb(255, 0, 0);"> Strip </span>A combination of two puts and one call.<br /><br /><span style="color: rgb(255, 0, 0);"> Support Levels</span> When an exchange rate depreciates or appreciates to a level where (1) Technical analysis techniques suggest that the currency will rebound, or not go below; (2) The monetary authorities intervene to stop any further downward movement. See Resistance Point.<br /><br /><span style="color: rgb(255, 0, 0);"> Swap Price</span> A price as a differential between two dates of the swap.<br /><br /><span style="color: rgb(255, 0, 0);"> Swap Rate</span> See Forward Margin.<br /><br /><span style="color: rgb(255, 0, 0);"> Swap</span> The simultaneous purchase and sale of the same amount of a given currency for two different dates, against the sale and purchase of another. A swap can be a swap against a forward. In essence, swapping is somewhat similar to borrowing one currency and lending another for the same period. However, any rate of return or cost of funds is expressed in the price differential between the two sides of the transaction.<br /><br /><span style="color: rgb(255, 0, 0);"> Swaption</span> An option to enter into a swap contract.<br /><br /><span style="color: rgb(255, 0, 0);"> SWIFT </span>Society for World-wide Interbank Telecommunications is a Belgian based company that provides the global electronic network for settlement of most foreign exchange transactions.<br /><br /><span style="color: rgb(255, 0, 0);"> Swissy </span>Market slang for Swiss Franc.<br /><br /><span style="color: rgb(255, 0, 0);"> Switch </span>See Deposit Swap.<br /><br /><span style="color: rgb(255, 0, 0);"> Synthetics</span> Options or futures that create a position that is able to be achieved directly but is generated by a combination of options and futures in the relevant market. In foreign exchange a SAFE combines two forward contracts into a single transaction where settlement only involves the difference in values.<br /> <br /> <br /><span style="color: rgb(255, 0, 0);"> -T- </span><br /> <br /><span style="color: rgb(255, 0, 0);"> T-Bill</span> See Treasury Bill.<br /><br /><span style="color: rgb(255, 0, 0);"> Tau</span> Expresses the price change of an option for a percentage change in the implied volatility.<br /><br /><span style="color: rgb(255, 0, 0);">Technical Analysis</span> Is concerned with past price and volume trends - often with the help of chart analysis - in a market, in order to be able to make forecasts about future price developments of the commodity being traded.<br /><br /><span style="color: rgb(255, 0, 0);">Technical Correction</span> An adjustment to price not based on market sentiment but technical factors such as volume and charting.<br /><br /> <span style="color: rgb(255, 0, 0);">Tender </span>(1) A formal offer to supply or purchase goods or services. (2) In the UK the term for the weekly Treasury Bill issue.<br /><br /> <span style="color: rgb(255, 0, 0);">Terme</span> French for period.<br /><br /><span style="color: rgb(255, 0, 0);"> Theta </span>A measure of the sensitivity of the price of an option to a change in its time to expiry.<br /><br /><span style="color: rgb(255, 0, 0);">Thin Market </span>A market in which trading volume is low and in which consequently bid and ask quotes are wide and the liquidity of the instrument traded is low.<br /><br /><span style="color: rgb(255, 0, 0);">Tick</span> A minimum change in price, up or down.<br /><br /><span style="color: rgb(255, 0, 0);">Ticket </span>See Deal Slip<br /><br /><span style="color: rgb(255, 0, 0);">Time Value</span> That part of an option premium which reflects the length of time remaining in the option prior to expiration. The longer the time remaining until expiration, the higher the time value.<br /><br /><span style="color: rgb(255, 0, 0);">Today/Tomorrow</span> Simultaneous buying of a currency for delivery the following day and selling for the spot day, or vice versa. Also referred to as overnight.<br /><br /> <span style="color: rgb(255, 0, 0);">Tomorrow Next (Tom Next) </span>Simultaneous buying of a currency for delivery the following day and selling for the spot day or vice versa.<br /><br /> <span style="color: rgb(255, 0, 0);">Trade Balance</span> The Trade Balance is a measure of the difference between imports and exports of tangible good and services. The level of the trade balance and changes in exports and imports are widely followed by foreign exchange markets.<br /><br /> <span style="color: rgb(255, 0, 0);">Trade Date </span>The date on which a trade occurs.<br /><br /> <span style="color: rgb(255, 0, 0);">Trade Deficit/Surplus</span> The difference between the value of imports and exports. Often only reported in visible trade terms.<br /><br /> <span style="color: rgb(255, 0, 0);">Tradeable Amount</span> Smallest transaction size acceptable.<br /><br /> <span style="color: rgb(255, 0, 0);">Trade Ticket</span> See Deal Ticket.<br /><br /> <span style="color: rgb(255, 0, 0);">Transaction Date</span> The date on which a trade occurs.<br /><br /> <span style="color: rgb(255, 0, 0);">Transaction</span> The buying or selling of securities resulting from the execution of an order.<br /><br /> <span style="color: rgb(255, 0, 0);">Translation Loss/Profit</span> The calculation of loss or profit resulting from the valuation of foreign assets and liabilities for balance sheet purposes, when consolidating into the base currency.<br /><br /> <span style="color: rgb(255, 0, 0);">Treasury Bills </span>Short-term obligations of a Government issued for periods of one year or less. Treasury bills do not carry a rate of interest and are issued at a discount on the par value. Treasury bills are repaid at par on the due date. In the UK they are normally for 91 days, and are offered at weekly tenders. In the US they are auctioned.<br /><br /> <span style="color: rgb(255, 0, 0);">Treasury Bonds</span> Government obligations with maturities of ten years or more.<br /><br /> <span style="color: rgb(255, 0, 0);">Treasury Notes</span> Government obligations with maturities more than one year but less than ten years.<br /><br /><span style="color: rgb(255, 0, 0);">Treasury Stock </span>Previously issued stock that has been repurchased by, or donated to, or otherwise are acquired by the issuing firm. Treasury stocks pay no dividends and have no voting privileges.<br /><br /> <span style="color: rgb(255, 0, 0);">Troc, Troquer</span> French FX term for swap.<br /><br /> <span style="color: rgb(255, 0, 0);">Turnover </span>The total money value of currency contracts traded is calculated by multiplying size by the number of contracts traded.<br /><br /> <span style="color: rgb(255, 0, 0);">Two-Way Quotatio</span>n When a dealer quotes both buying and selling rates for foreign exchange transactions.<br /> <br /> <br /><span style="color: rgb(255, 0, 0);"> -U- </span><br /> <br /> <span style="color: rgb(255, 0, 0);">Ultimo </span>Continental term for month or year end.<br /><br /> <span style="color: rgb(255, 0, 0);">Uncovered</span> Another term for an open position.<br /><br /> <span style="color: rgb(255, 0, 0);">Under Reference (Order) </span>Before finalizing a transaction all the details should be submitted for approval to the order giver, who has the right to turn down the proposal.<br /><br /> <span style="color: rgb(255, 0, 0);">Under-Valuation</span> An exchange rate is normally considered to be undervalued when it is below its purchasing power parity.<br /><br /> <span style="color: rgb(255, 0, 0);">Undo</span> A colloquial term for reversing a transaction. e.g. a spot sale by means of a forward purchase or if done in error, a spot purchase.<br /><br /> <span style="color: rgb(255, 0, 0);"> Unit of Account </span>A device designed to provide a consistent value with varying currencies. e.g. ECU and SDR.<br /><br /> <span style="color: rgb(255, 0, 0);">Up Tick </span>A transaction executed at a price greater than the previous transaction. <br /> <br /> <br /><span style="color: rgb(255, 0, 0);"> -V- </span><br /> <br /> <span style="color: rgb(255, 0, 0);">Valeur Compensee</span> Payments are said to be " valeur compensee" when payment by one party in one centre and settlement by the other party in another centre takes place on the same day.<br /><br /> <span style="color: rgb(255, 0, 0);">Value Date</span> For exchange contracts it is the day on which the two contracting parties exchange the currencies which are being bought or sold. For complete description see the chapter on trading. For a spot transaction it is two business banking days forward in the country of the bank providing quotations which determine the spot value date. The only exception to this general rule is the spot day in the quoting centre coinciding with a banking holiday in the country(ies) of the foreign currency(ies). The value date then moves forward a day. The enquirer is the party who must make sure that his spot day coincides with the one applied by the respondent. The forward months maturity must fall on the corresponding date in the relevant calendar month. If the one month date falls on a non-banking day in one of the centers then the operative date would be the next business day that is common. The adjustment of the maturity for a particular month does not effect the other maturities that will continue to fall on the original corresponding date if they meet the open day requirement. If the last spot date falls on the last business day of a month, the forward dates will match this date by also falling due on the last business day. Also referred to as Maturity Date.<br /><br /> <span style="color: rgb(255, 0, 0);">Value Spot </span>Normally settlement for two working days from today. See Value Date.<br /><br /> <span style="color: rgb(255, 0, 0);">Value Today </span>Transaction executed for same day settlement; sometimes also referred to as "cash transaction"<br /><br /> <span style="color: rgb(255, 0, 0);">Vanilla</span> A simple option whose terms and conditions do not include any provisions other than exercise style, expiry and strike. To compare with exotic options which have additional terms.<br /><br /> <span style="color: rgb(255, 0, 0);">Variation Margin</span> Profits or losses on open positions in futures and options contracts which are paid or collected daily.<br /><br /> <span style="color: rgb(255, 0, 0);">Vega </span>Expresses the price change of an option for a one per cent change in the implied volatility.<br /><br /> <span style="color: rgb(255, 0, 0);">Vertical (Bear or Bull) Spread</span> The sale of an option with a high exercise price and the purchase (in the case of a bull) or the sale (in the case of a bear) of an option with a lower exercise price. Both options will have the same expiration date.<br /><br /> <span style="color: rgb(255, 0, 0);">Volatility</span> A measure of the amount by which an asset price is expected to fluctuate over a given period. Normally measured by the annual standard deviation of daily price changes (historic). Can be implied from futures pricing implied volatility.<br /><br /> <br /><span style="color: rgb(255, 0, 0);"> -W- </span><br /> <br /> <span style="color: rgb(255, 0, 0);">Wholesale Price Index</span> It measures changes in prices in the manufacturing and distribution sector of the economy and tends to lead the consumer price index by 60 to 90 days. The index is often quoted separately for food and industrial products.<br /><br /> <span style="color: rgb(255, 0, 0);"> Working Balance</span> Discretionary element in the monetary reserves of a central bank.<br /><br /> <span style="color: rgb(255, 0, 0);">Working Day</span> A day on which the banks in a currency's principal financial centre are open for business. For FX transactions, a working day only occurs if the bank in both (all relevant currency centers in the case of a cross are open) currencies is working.<br /><br /> <span style="color: rgb(255, 0, 0);">World Bank</span> A bank made up of members of the IMF whose aim is to assist in the development of member states by making loans where private capital is not available.<br /> <br /> <br /><span style="color: rgb(255, 0, 0);"> -X- </span><br /> <br /> <br /><span style="color: rgb(255, 0, 0);"> -Y- </span><br /> <br /> <span style="color: rgb(255, 0, 0);">Yard</span> Slang for milliard, one thousand million.<br /><br /> <span style="color: rgb(255, 0, 0);">Yield Curve </span>The graph showing changes in yield on instruments depending on time to maturity. A system originally developed in the bond markets is now broadly applied to various financial futures. A positive sloping curve has lower interest rates at the shorter maturities and higher at the longer maturities. A negative sloping curve has higher interest rates at the shorter maturities.<br /> <br /> <br /><span style="color: rgb(255, 0, 0);"> -Z- </span><br /> <br /> <span style="color: rgb(255, 102, 102);">Zero Coupon Bond</span> A bond that pays no interest. The bond is initially offered at a discount to its redemption value. </div>Lusia Mulianahttp://www.blogger.com/profile/16443743828948115938noreply@blogger.com2tag:blogger.com,1999:blog-20678416.post-1137855776307613182006-01-21T07:02:00.000-08:002006-05-28T11:02:41.803-07:00Apa itu FOREX Trading<div style="text-align: justify;">Apa yang akan kita butuhkan ketika pertama kali hendak memasuki sebuah investasi yang kita kenal hanya namanya saja? Tentu saja mengetahui lebih lanjut, investasi apakah itu sebenarnya. Begitu juga apabila kita adalah orang baru dalam dunia forex trading. Mungkin kita sudah mendengar nama forex online trading selama beberapa tahun dan mengetahui beberapa orang yang memperoleh kesuksesan finansial melaluinya. Tapi kita tidak mengetahui persis apa itu Forex Online Trading.<br /><br />Artikel ini ditujukan untuk mereka yang berada diposisi demikian. Tanpa mengetahui apakah itu forex online trading, tidak mungkin kita dapat memperoleh kesuksesan disana. Jangankan kesuksesan, berani pun tidak. Mana mungkin kita mau menaruh dana kita pada sebuah instrumen investasi yang tidak kita kenal?<br /><br />Bab ini kita akan membantu kita mempelajari forex trading secara mendasar sekali. Bagian ini ditujukan bagi mereka yang masih newbie dengan dunia forex. Bagi Anda yang sudah mengetahui forex trading, Anda dipersilakan melewati bagian ini.<br />Ok, Anda masih disini. Kalau begitu mari kita mulai. Jika ada yang menanyakan pada saya apa itu forex trading maka jawabannya bisa jadi sangat bervariasi. Tapi saya menyukai definisi sederhana ini : forex trading (biasa disebut perdagangan valas, valuta asing, atau disingkat fx trading) adalah instrumen investasi berupa perdagangan valuta asing yang berpasang-pasangan.<br /><br />Jadi, keuntungan yang saya peroleh adalah dari nilai selisih mata uang yang saya beli atau jual. Contohnya sederhananya : Pada bulan lalu Amir membeli US Dollar sebanyak $1000 dengan kurs beli Rp.8500,- Lalu bulan ini nilai tukar USD menguat menjadi Rp 9500,- per Dollarnya. Maka apabila Amir menjual Dollarnya pada bulan ini maka dia memperoleh keuntungan sebesar (9500 – 8500) x 1000 = Rp. 1.000.000,- Mudah bukan?<br />Forex trading diperdagangkan dalam pasangan-pasangan mata uang yang biasa disebut pairs. Contohnya USD/JPY yang artinya pasangan nilai tukar antara US Dollar dan Yen Jepang. O ya, sebelum saya lupa, akan ada beberapa istilah atau singkatan yang akan kita temui di dunia forex. kita harus mengetahuinya, tapi jangan khawatir, saya sudah menyiapkan kamus istilah di page lainnya.<br /><br />Diantara instrumen investasi di lantai bursa, forex trading adalah instrumen yang paling besar kapitalnya. Besarnya sekitar US$ 2 triliun ( ingat, dalam Dollar AS) Itu sekitar 46 kali lebih besar dibanding pasar bursa komoditi berjangka (spt karet, kopi, emas, dll) lainnya. Atau ribuan kali lebih besar dari total transaksi di Bursa Efek Jakarta!! Dengan kapitalisasi sebesar itu, maka forex trading dikenal sebagai pasar paling likuid dan bebas di dunia.<br /><br />Hanya 5% dari dana diatas yang merupakan dana pemerintah yang sifatnya rutin. 95% lainnya milik para investor bebas dari berbagai dunia. Benar-benar pasar terbesar dan sangat majemuk. Kelebihan lainnya adalah forex trading adalah instrumen investasi yang aktif 24 jam sehari dan 6 hari seminggu. Dimulai dari pasar Eropa, Amerika, Asia dan Australia. Jadi tidak seperti Bursa Efek Jakarta yang hanya dapat bertransaksi di siang hari, pada forex trading (khususnya pada online forex trading) kita dapat bertransaksi hampir kapan saja dan dimana saja.<br /><br />Tidak semua mata uang dapat diperdagangkan disini. Hanya beberapa mata uang negara maju yang biasa dipergunakan yaitu USD (US Dollar), JPY (Yen Jepang), GBP (Poundsterling Inggris), EUR (Euro), CHF (Swiss Franc), dan AUD (Australian Dollar). Jadi apabila kita berinvestasi di pasar forex trading, maka kita tidak akan menemukan pairs berupa IDR (Indonesian Rupiah) dengan USD. Yang ada adalah pasangan-pasangan mata uang yang saya sebutkan sebelumnya EUR/USD, USD/JPY, CHF/USD dsb.<br /></div>Lusia Mulianahttp://www.blogger.com/profile/16443743828948115938noreply@blogger.com0tag:blogger.com,1999:blog-20678416.post-1137746380888277462006-01-20T00:32:00.000-08:002006-01-20T02:22:10.263-08:00Kisah Seorang Sahabat<h3 style="color: rgb(0, 0, 153);" class="post-title"> Klik, dan Uang pun Mengalir ke Rekening Tabungan</h3><br /><div style="text-align: justify;"><span style="font-family:Trebuchet MS;">Adalah Robert G. Allen yang memprovokasi saya. Saya penggemar berat dia. Ide-idenya gila banget. Buku-bukunya seperti Multiple Streams of Income, The One Minute Millionaire dan Cracking the Millionaire Code (dua yang terakhir ditulis bersama Mark Victor Hansen) sungguh luar biasa pengaruhnya buat bisnis saya. Rekening tabungan saya tiap hari terus bertambah setelah mempraktekkan ilmunya. </span><br /></div><div style="text-align: justify;"><br /><div style="text-align: justify;"><span style="font-family:Trebuchet MS;">Dia pernah menantang para wartawan untuk membuktikan ilmunya. Dia berani taruhan bahwa rekeningnya akan terisi uang 1 juta dollar dalam satu hari melalui internet. Wartawan pun berkumpul ingin mencatat peristiwa langka ini. Dan benar, dalam satu hari persis masuklah uang 1 juta dollar itu ke dalam rekeningnya. </span><span style="font-family:Trebuchet MS;">Caranya? Dia menawarkan sebuah seminar seharga $ 100 kepada 400.000 member newsletternya. Respon yang didapat adalah sekitar 1.000 orang yang mendaftar. Hasilnya 2.000 x $ 100 = $ 1.000.000 dalam satu hari. Fantastis.</span><br /></div></div><div style="text-align: justify;"><br /><span style="font-family:Trebuchet MS;">Berbulan-bulan saya terus memikirkan ide itu di dalam benak saya. Produk saya adalah produk yang cukup kecil segmen pasarnya. Busana muslim. Pemakainya kebanyakan ibu-ibu rumah tangga. Mereka kebanyakan tidak terlalu akrab dengan internet. Bisa nggak ya?</span><br /></div><br /><div style="text-align: justify;"><span style="font-family:Trebuchet MS;">Akhirnya, September 2003 saya coba-coba bikin situs sendiri dengan program sederhana yang saya bisa. Saya lakukan test and measure kepada paman di Riau supaya membuka situs tersebut dan memperkenalkannya kepada teman-temannya di kantor. Alhamdulillah, responnya bagus. Saya pasang iklan di beberapa situs iklan baris gratis. Leads pun mulai berdatangan. Mulailah transaksi di internet ini mengambil persentase yang signifikan dari omset penjualan toko saya di Tanah Abang.</span><br /><br /><span style="font-family:Trebuchet MS;">Akhirnya, bulan Maret 2004 saya memutuskan untuk full berjualan via internet dari garasi rumah dan menutup 3 toko di Tanah Abang. Sebab lain seperti sudah saya ceritakan sebelumnya adalah karena bisnis saya nyaris bangkrut dan diusir secara sepihak oleh pihak PD Pasar Jaya. Thanks to them. </span><br /><br /><span style="font-family:Trebuchet MS;">Hari demi hari rekening tabungan saya terus bertambah. Kadang tidak percaya. Tapi itu benar. Sebenarnya ini adalah jawaban dari pikiran atau doa saya waktu kuliah dulu. The power of thinking terbukti lagi. Saya sering menghabiskan waktu di warnet, browsing dan menghabiskan uang jajan. Lama kelamaan saya berpikir, internet ini tidak bisa lepas dari keseharian saya. Tapi kalau harus mengeluarkan uang terus, bisa jebol kantong saya. Suatu saat, saya harus menghasilkan uang dari internet ini, batin saya. Alhamdullillah, sekarang sudah jadi kenyataan. Klik, dan uang pun mengalir menenuhi rekening saya, sampai-sampai teller bank bingung, kok sebentar-sebentar ganti buku tabungan.</span><br /></div><br /><br /><h3 style="color: rgb(0, 0, 153); text-align: justify;" class="post-title"> Who Moved Your Cheese?</h3><br /><div style="text-align: justify;font-family:georgia;"><span style="font-size:100%;">Buku Who Moved My Cheese karya Spencer Johnson, besar pengaruhnya bagi saya. Tahun 2004, saya tutup 3 toko di Tanah Abang setelah baca buku ini. Saya lakukan business turn around. Mulai lagi dari nol, dari garasi rumah.<br /></span><div style="text-align: justify;"><span style="font-size:100%;">Paman saya yang bekerja di Caltex, Riau, juga terpengaruh. Kemudian buku itu dia sebarkan kepada teman-temannya. Sekarang teman-temannya banyak yang mengambil pensiun dini.<br /></span></div></div><div style="text-align: justify;font-family:georgia;"><span style="font-size:100%;"><br /></span><div style="text-align: justify;"><span style="font-size:100%;">Buku sederhana ini mengisahkan tiga ekor tikus yang setiap hari mendapatkan cheese (keju) di tempat yang sama. Lambat laun, mereka mencium bau tak enak dari keju itu. Tak lagi segar baunya. Volumenya pun makin mengecil. Sadar dengan tanda-tanda tidak beres tersebut, tikus pertama mengambil keputusan dan tindakan. Keju ini akan habis tidak lama lagi. Dia langsung bertindak mencari keju di tempat lain. Sementara kedua tikus lainnya, meskipun berpendapat sama, tetap berulang ke sana dengan harapan suatu saat keju tersebut akan diganti yang lebih baik. Singkat cerita, tikus pertama akhirnya menemukan kejunya yang baru, setelah mencari ke sana ke mari. Sedangkan tikus yang dua lagi baru sadar dan mulai bertindak setelah kejunya benar-benar habis! Terlambat.<br /></span></div></div><div style="text-align: justify;font-family:georgia;"><span style="font-size:100%;"><br />Di Tanah Abang saya rasakan keju saya mulai berbau tak enak. Mulai basi. Tetangga kiri kanan juga merasakan hal yang sama. Adanya kebakaran, isu pembongkaran, pengelola yang tidak becus, semrawut, premanisme adalah salah satu penyebab keju di sana tidak lagi sedap. Awal 2004, saya ambil keputusan dan tindakan. Angkat kaki dari sana. Hijrah. Alhamdulillah, saya bersyukur dengan keputusan itu. Sekarang keju saya sudah sedap lagi.<br /></span></div><span style=";font-family:georgia;font-size:100%;" ><br /></span><div style="text-align: justify;font-family:georgia;"><span style="font-size:100%;">Ada juga rekan lain yang punya cerita sama dengan saya. Omset sehari-hari bahkan tak cukup untuk menutup sewa toko. Akhirnya dia juga angkat kaki dari Tanah Abang 2 tahun lalu, lantaran tak sanggup menyambung sewa. Dia pun pindah ke ITC Cempaka Mas yang sewanya masih murah. Sekarang saya dapat kabar bahwa dia sudah sukses. Dalam waktu 2 tahun dia sudah buka 3 toko, beli 3 rumah, 2 mobil, dan sedang menawar sebuah ruko di Bekasi. Dia tidak hanya dapat keju baru, tapi sekalian pabriknya!<br /></span></div><span style=";font-family:georgia;font-size:100%;" ><br /></span><div style="text-align: justify;font-family:georgia;"><span style=";font-family:lucida grande;font-size:100%;" >Bagaimana dengan keju anda? Apakah masih sedap dan tersedia setiap hari? Apakah makin membesar atau mulai mengecil? Apakah masih akan tersedia di tahun-tahun mendatang?</span><br /></div><br /><br /><h3 style="color: rgb(0, 0, 153); text-align: justify;" class="post-title"> Jangan Mau Seumur Hidup Habis Waktu Di Jalan</h3><br /><div style="text-align: justify;font-family:georgia;"><span style="font-size:100%;">Pernahkah anda hitung berapa jam waktu anda habis di jalan? Saya pernah. Tahun 2001 lalu, waktu mulai buka toko pertama di Tanah Abang, saya tinggal di Pondok Kelapa, Jakarta Timur. Buka toko setiap hari tanpa libur. Setiap hari saya habiskan waktu rata-rata 4 jam di jalan. Artinya, 28 jam seminggu, atau 112 jam sebulan atau 1344 jam setahun. 1344 dibagi 24 jam sama dengan 56 hari, dipotong libur hari raya 14 hari jadi 42 hari. Hampir satu setengah bulan dalam setahun waktu saya habis memegang lempar lembing alias gelantungan di bis. Kalau saya berdagang 10 tahun, berarti 14 bulan waktu saya habis di jalan. Wah, ngeri saya. Kondisi ini harus diubah, pikir saya.</span></div><div style="font-family: georgia;"> </div><div style="font-family: georgia;"> </div> <div style="text-align: justify;font-family:georgia;"><span style="font-size:100%;">Tahun 2002, saya dan istri memutuskan untuk pindah rumah di Slipi yang hanya 30 menit jaraknya dari Tanah Abang. Lumayan. Waktu yang bisa dihemat bisa digunakan untuk hal yang lain. Pagi-pagi bisa olah raga dulu, baca buku, dengar musik, nonton berita tv. Saya juga memutuskan untuk libur hari Minggu yang bisa kami gunakan untuk jalan-jalan, silaturahmi keluarga, sosial, pengajian dan lain-lain. Jadi, dari segi waktu kualitas hidup kami menjadi lebih baik, alhamdulillah.</span></div> <div style="font-family: georgia;"> </div> <div style="text-align: justify;font-family:georgia;"><span style="font-size:100%;">Tidak puas sampai di situ, awal 2004 saya memulai bisnis di rumah via internet dan menutup 3 toko di Tanah Abang. Alasan utama sebenarnya karena nyaris bangkrut dan diusir dari Tanah Abang. Alasan lain, karena terprovokasi oleh bukunya Mark G. Nolan, Instant Cashflow. Asyik juga idenya. Di rumah saja tapi duit datang sendiri. Waktu yang habis di jalan menjadi nol! Asyiik.. Jadi saya kembali ke kebiasaan saya semula, menjadi orang malas. Tapi malas dalam artian positif lho. Meskipun malas, tapi otak mikir terus. Mungkin lebih kerennya, work smart.</span></div> <div style="font-family: georgia;"> </div> <div style="text-align: justify;font-family:georgia;"><span style="font-size:100%;">Menurut saya, duit hilang bisa dicari. Tapi waktu yang hilang terbuang tidak ada gantinya. Waktu berharga sekali. Priceless. Jadi, dengan waktu yang dihemat itu saya bisa melakukan hal lain yang saya suka. Baca buku, dengar musik jazz, olah raga, jalan-jalan, ikut pengajian, melukis, merawat tanaman, bersilaturahmi dengan keluarga, aktif di kegiatan sosial, dan sebagainya. </span></div> <div style="font-family: georgia;"> </div> <div style="text-align: justify;font-family:georgia;"><span style="font-size:100%;">Saya iri dengan Aa Gym. Perusahaannya sudah belasan jumlahnya. Tapi dia tidak sibuk mengurusinya. Waktunya habis untuk dakwah dan ummat. Akhirat dapat, dunia pun tidak ketinggalan. Beliau adalah mentor saya, walaupun belum pernah bertatap muka langsung. Bagaimana caranya agar saya bisa mengikuti langkahnya?</span></div> <div> </div> <div><span style=";font-family:Trebuchet MS;font-size:85%;" >(Saudaraku Valentino Dinsi, maaf ya, judul bukunya saya pinjam ... )</span></div><br /><br />Notes: <span style="color: rgb(255, 102, 102);">Semua ini adalah kisah-kisah yang diuraikan oleh sahabat saya Bapak Badroni Yuzirman, pemilik dan pemimpin Manet Busana Muslim Plus.</span><br />Semoga kisah-kisah beliau dapat menjadi pelajaran berharga bagi kita semua.<br /><br /><br />Cheers,<br /><br />Lusiana<br />http://lusiana-forex.blogspot.com<br />Kabar Gembira Dari Dunia MayaLusia Mulianahttp://www.blogger.com/profile/16443743828948115938noreply@blogger.com0tag:blogger.com,1999:blog-20678416.post-1137488049398083002006-01-17T00:53:00.000-08:002006-01-20T02:40:48.120-08:00E-Gold<div style="text-align: justify;"><span style="color: rgb(51, 51, 255);font-size:130%;" >E-Gold Solusi Praktis Bertransaksi di Internet</span><br /><br />Dalam setiap aktifitas eBisnis, kita pasti membutuhkan suatu alat pembayaran digital dalam bertransaksi. Alat pembayaran digital ini disebut e-Currency yaitu alat pembayaran yang sah dan bias diterima secara umum di seluruh dunia, misalnya Credit Card. Namun pemakaian credit card melalui media internet masih banyak memunculkan masalah terutama tingkat keamanannya, apalagi Indonesia sekarang dalam kondisi ter-blacklist oleh sebagian merchant internasional karena tingginya angka ‘carding’ atau penyalahgunaan di Indonesia. Sehingga sebagai alternatif untuk melakukan transaksi secara online di Internet kita dapat menggunakan E-Gold.<br /></div><div style="text-align: justify;"><br /></div><div style="text-align: center;"><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://www.e-gold.com/e-gold.asp?cid=2203293" target="_blank"><img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 400px; height: 60px;" src="https://www.e-gold.com/gif/e-gold-backed-banner.gif" alt="" border="0" /></a><br /></div><br /><br /><br /><br /><div style="text-align: justify;">adalah suatu alat pembayaran digital baru (digital cash) yang dapat dipergunakan di seluruh dunia, dikeluarkan oleh e-gold Ltd., standar nilainya didasarkan pada 100% harga emas murni yang berlaku di pasar dunia, dan ditampilkan dalam bentuk rekening tabungan e-gold. e-gold adalah suatu mata uang seperti halnya rupiah dan dollars, bukan merupakan mata uang nasional suatu negara.<br /></div><br /><div style="text-align: justify;">Ini berarti tidak ada suatu negara yang mengeluarkan uang kertas ataupun logam dalam mata uang e-gold. Malahan setiap transaksi dilakukan secara elektronis melalui internet, tidak terbatas oleh letak geografis suatu negara.e-gold pada dasarnya mempunyai fungsi yang sama dengan e-mail. Bedanya e-mail adalah sebagai pengganti surat konvensional yang dikirimkan dengan perangko melalui kantor pos; sedangkan e-gold adalah sebagai pengganti (alternatif) untuk transfer uang ataupun pembayaran yang biasa dilakukan melalui perantara bank (ATM, transfer antar bank, bank draft, dan juga pos wesel).Boleh dikatakan tidak memiliki e-gold di tahun 2000-an, sama dengan tidak memiliki e-mail di tahun 90-an. Ingatkah Anda, kapan Anda mulai mengenal dan mempunyai e-mail?<br /></div><br /><div style="text-align: justify;">Membuka rekening e-gold adalah gratis, Anda dapat membuat sebuah rekening e-gold tanpa membayar apapun dan tanpa kewajiban memberikan setoran awal alias (GRATIS). Anda hanya akan membayar 1% untuk setiap transaksi yang dilakukan (maximum fee $0.50 untuk setiap traksaksi), jadi misalnya Anda melakukan transaksi sejumlah $1,000 Anda hanya akan membayar fee sebesar $0.50 (50 cents). Sementara untuk kartu kredit terkena fee sebesar 2%-4% dari total jumlah uang yang dibelanjakan. Anda juga hanya akan membayar uang tahunan sebesar 1% dari jumlah uang yang Anda simpan di e-gold (apakah ini cukup besar jika dibandingkan dengan kartu kredit?).<br /></div><br /><div style="text-align: justify;">Anda tidak di tuntut untuk mempuyai kartu kredit dalam bertransaksi menggunakan e-gold ini, cukup dengan rekening Bank lokal.<br /><br /><span style="font-weight: bold;"><span style="color: rgb(255, 102, 102);">Apakah E-Gold Bisa Dipercaya dan Aman?</span><br /><br /></span>Tentu. E-Gold sudah diakui oleh banyak merchant di seluruh dunia dalam melakukan transaksi online dan sebagai media pembayaran yang sah. Selain itu dana di E-Gold dapat ditarik melalui ATM khusus di semua mesin ATM berlogo Cirrus, Maestro dan Master Card. E-Gold sangat mudah dan fleksibel karena real time, anytime, dan anywhere. Jadi sistem transfer dan pembayaran dilakukan waktu itu juga dan bisa dilakukan kapanpun karena selalu buka 24 jam dan bisa melakukan transaksi di manapun. E-Gold memiliki website yang dijamin keamanannya dengan Secure Server 128 bit SSL. Siapapun dapat membuka (create account) rekening E-Gold secara GRATIS seperti halnya bila membuka rekening di bank.<br /><br />Dengan E-Gold kita dapat mengisinya dengan membeli atau menjualnya ke merchant-merchant yang terpercaya yang bertebaran di Indonesia.<br /><br /><br /><span style="font-weight: bold;"><span style="font-size:130%;"><span style="color: rgb(0, 102, 0);">Langkah-langkah pembuatan Account E-gold</span><br /></span><br /></span>Buka website <a href="http://www.e-gold.com/e-gold.asp?cid=2203293" target="_blank">E-Gold</a><br />Klik “Create an Account”<br />Klik “ Agree” di bawah<br /><br />Buat Data Account </div><ul style="text-align: justify;"><li>Account Name: buat nama Account E-gold anda. Nama ini akan muncul ketika ada transaksi jual beli dengan Account anda. contoh : xxx’s e-gold, aaa’s e-gold, dsb.</li><li>User Name: Nama Anda. Description: boleh diisi boleh juga tidak, kalau diisi maka isilah dengan gambaran diri Anda.</li><li>Point of contact: Isi data anda disini. Alternate Passphrase: isian ini adalah Password Account E-Gold Anda, diisi dengan gabungan huruf dan angka minimal 6 karakter.</li><li>Passphrase: password. Gunakan tombol SRK yang ada diatasnya untuk menuliskan password anda. SRK ini akan selalu muncul ketika anda melakukan transaksi account e-gold anda, jadi harap diingat betul password anda. catat dan jangan sampai lupa serta jangan diberitahukan dengan orang lain. Mirip dengan PIN ATM kita di bank.</li><li>New egold account passphrase: sebaiknya sama dengan Alternate Passphrase.</li><li>New e-gold Account Passphrase again: harus sama dengan new E-Gold Account Passphrase. Yang perlu DICATAT adalah passphrase akan selalu digunakan untuk masuk ke dalam Account E-Gold Anda.</li><li>Turing Number Entry : masukkan nomor yang ada dibawahnya, tulisan agak disamarkan, jadi pastikan nomernya benar.</li></ul><div style="text-align: justify;"> Klik “<span style="color: rgb(0, 153, 0);">open</span>”<br /><br />Selesai: nomor account anda dikirim ke alamat email anda. catat nomor Rekening E-Gold Anda karena nomor tersebut akan selalu diminta untuk mengakses rekening E-Gold Anda. Sama seperti Nomor Rekening Bank Anda di Internet.Selanjutnya jika ingin melihat jumlah saldo uang Anda, klik gambar timbangan (BALANCE). Mengetahui rincian transaksi (print out) silahkan klik HISTORY. Untuk merubah data pribadi Anda, klik ACCOUNT INFO. Mentransfer uang Anda tekan SPEND. Anda juga bisa melihat batch nomer anda, bila sewaktu-waktu dibutuhkan.<br /><br /><span style="font-style: italic;">Jangan lupa, selalu akhiri menekan LOGOUT jika selesai menggunakan rekening Anda.</span><br /><br /><br /><span style="font-weight: bold;"><span style="color: rgb(0, 153, 0);">Mengisi Account E-Gold</span><br /><br /></span>Untuk mengisi account egold atau menkonversi rupiah menjadi egold dan sebaliknya, dapat dilakukan melalui exchanger egold yang ada di indonesia. Salah satu exchanger egold yang kami gunakan adalah IndoChanger.<br />Untuk dapat melakukan transaksi jual/beli E-Gold silahkan daftar dulu sebagai member dari indochanger, setela anda terdaftar sebagai member di indochanger itu, maka anda dapat melakukan jual/beli egold dengan mudah dan aman.<br /><br /><span style="color: rgb(51, 102, 255);">Klik di sini untuk daftar<br /></span><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://www.indochanger.com/?ref=yanisk" target="_blank"><img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 440px; height: 69px;" src="http://photos1.blogger.com/blogger/2256/2081/320/Indochanger.jpg" alt="" border="0" /></a><br /><span style="color: rgb(51, 102, 255);"><br /></span>Setelah anda selesai mendaftar dan mengisi data-data seperti nama lengkap, alamat, email, nomor telpon, nomor account egold, dan nomor rekening bank yang ingin dijadikan sebagai penerima transfer dari hasil penjualan egold, silahkan diperiksa emailnya untuk mengaktivkan account exchangernya.<br /><br />Untuk proses pembelian egold langkah-langkahnya adalah: pertama login dulu dengan username dan password yang pernah dibuat sebelumnya. Setelah masuk ke member area, anda sudah dapat melakukan order e-gold yang mana harganya akan diberikan sesuai dengan kurs yang berlaku saat itu. Setelah mengisi form order beli, dan total dananya sudah dikalkulasikan, maka langkah selanjutnya adalah mentransfer sejumlah dana tersebut ke rekening bank yang yang ada di sana. Setelah mentransfer dananya, lakukan pengiriman sms untuk konfirmasi pembayaran sudah dilakukan, maka dalam waktu beberapa jam kemudian egold anda sudah terisi sesuai dengan jumlah dana yang telah ditransfer. (<span style="color: rgb(51, 51, 255);"><span style="color: rgb(255, 0, 0);">Notes: </span>Anda tidak perlu khawatir dalam hal ini, karena mereka sangat bisa dipercaya. Saya pribadi sudah berkali-kali melakukan order jual ataupun beli egold dan semuanya belum ada yang mengecewakan</span>)<br /><br /><span style="font-weight: bold;"><span style="color: rgb(51, 51, 255);">Tips Menjaga Keamanan E-Gold Anda</span><br /><br /></span>Karena E-Gold berisi uang, maka rentan terhadap pencurian apalagi jika menggunakan fasilitas umum seperti Warnet. Ikuti langkah-langkah pengamanan berikut:<br /></div><ol style="text-align: justify;"><li>Pada saat registrasi E-Gold, sebaiknya Anda isi alamat rumah yang sebenarnya karena apabila anda lupa password loginnya maka satu-satunya jalan untuk mendapatkan password baru adalah dengan mengirim e-mail ke E-Gold dan E-Gold akan mengirim password baru ke alamat rumah Anda melalui surat/pos (tidak bisa lewat e-mail).</li><li>Jangan pakai Passphrases E-Gold Anda untuk daftar pada program apapun</li><li>Admin E-Gold tidak pernah mengirim e-mail yang ada linknya ke member. Jika ada kiriman e-mail yang meminta Anda mengklik link nya dan memasukkan Passphrases maka sebenarnya mereka adalah hacker yang sengaja akan mencuri rekening E-Gold Anda dan membuat web mirip dengan E-Gold. Abaikan saja atau hapus.</li><li>Ubahlah password/passphrases secara berkala dan gunakan gabungan huruf dan angka yang sulit ditebak dan lebih dari 10 karakter, gunakan program pengacak misalnya, untuk mengubah password Anda menjadi karakter yang tidak terbaca, rekam password Anda dalam file misalnya untuk kemudian Anda bisa lakukan copy/paste, jika ingin memasukkan password ini (ini jika anda pakai terminal pribadi).</li><li>Saat mengisi password/passphrase login, gunakan tombol SRK di kanan isian. Anda tidak mengetik passwordnya tapi memilih huruf dan angka di window kecil yang muncul menggunakan mouse. Hal ini untuk menghindari password Anda disadap dengan software keylogger yang dapat merekam key yang Anda tekan. Hati-hati apabila Anda menggunakan komputer public seperti di warnet atau lab komputer, karena bisa saja dipasangi keylogger yang langsung bisa mengirim hasilnya ke e-mail penyadap.</li><li>Bersihkan selalu komputer yang telah anda pakai membuka Account E-Gold sebelum Anda tinggalkan dengan menghapus semua data yang ada di directory C:\WINDOWS\Cookies, C:\WINDOWS\History dan C:\WINDOWS\Temporary Internet Files.</li></ol>Sekian dulu kabar gembira mengenai egold dari lusiana.<br /><br /><br />Cheers,<br /><br />Lusiana<br />http://lusiana-forex.blogspot.com<br />Kabar Gembira dari Dunia MayaLusia Mulianahttp://www.blogger.com/profile/16443743828948115938noreply@blogger.com0tag:blogger.com,1999:blog-20678416.post-1137387869183451732006-01-15T20:57:00.000-08:002006-01-15T21:04:29.250-08:00Common Guidelines<p style="text-align: justify;" class="title"><span class="title" style="font-size:130%;"><span style="color: rgb(51, 102, 255);"> Trading Terminology</span> </span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="para"><span class="para"> Traders often chat with one another about a variety of topics related to the forex market, giving their perspectives and discussing trading ideas and current moves on the market. While communicating with each other they often use slang to express their thoughts in a shorter form. You can read about the slang and other trading terminology in these pages. </span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para"><span style="color: rgb(51, 102, 255);">EUR/USD</span>: </span><span class="NAMED-para">Euro / US Dollar is often called <i>Euro</i>;</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para"><span style="color: rgb(51, 102, 255);">USD/JPY</span>: </span><span class="NAMED-para">US Dollar / Japanese Yen is often called <i>Dollar Yen</i>;</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para"><span style="color: rgb(51, 102, 255);">GBP/USD</span>: </span><span class="NAMED-para">British Pound / US Dollar is often called <i>Cable</i>;</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para"><span style="color: rgb(51, 102, 255);">USD/CHF</span>: </span><span class="NAMED-para">US Dollar / Swiss Franc is often called <i>Dollar Swiss</i>, or <i>Swissy</i>;</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para"><span style="color: rgb(51, 102, 255);">USD/CAD</span>: </span><span class="NAMED-para">US Dollar / Canadian Dollar is often called <i>Dollar Canada</i>, or <i>C-Dollar</i>;</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para"><span style="color: rgb(51, 102, 255);">AUD/USD</span>: </span><span class="NAMED-para">Australian Dollar / US Dollar is often called <i>Aussie Dollar</i>;</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para"><span style="color: rgb(51, 102, 255);">EUR/GBP</span>: </span><span class="NAMED-para">Euro / British Pound is often called <i>Euro Sterling</i>;</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para"><span style="color: rgb(51, 102, 255);">EUR/JPY</span>: </span><span class="NAMED-para">Euro / Japanese Yen is often called <i>Euro Yen</i>;</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para"><span style="color: rgb(51, 102, 255);">EUR/CHF</span>: </span><span class="NAMED-para">Euro / Swiss Franc is often called <i>Euro Swiss</i>;</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para"><span style="color: rgb(51, 102, 255);">GBP/CHF</span>: </span><span class="NAMED-para">British Pound / Swiss Franc is often called <i>Sterling Swiss</i>;</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para"><span style="color: rgb(51, 102, 255);">GBP/JPY</span>: </span><span class="NAMED-para">British Pound / Japanese Yen is often called <i>Sterling Yen</i>;</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para"><span style="color: rgb(51, 102, 255);">CHF/JPY</span>: </span><span class="NAMED-para">Swiss Franc / Japanese Yen is often called <i>Swiss Yen</i>;</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para"><span style="color: rgb(51, 102, 255);">NZD/USD</span>: </span><span class="NAMED-para">New Zealand Dollar / US Dollar is often called <i>New Zealand Dollar</i> or <i>Kiwi</i>;</span></p><p style="text-align: justify;" class="NAMED-para"><br /></p><p style="text-align: justify;" class="title"><span class="title" style="font-size:130%;"><span style="color: rgb(0, 0, 153);"> Common Guidelines</span> </span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para"><span style="color: rgb(51, 102, 255);">Plan your trade and trade your plan</span>: </span><span class="NAMED-para">You must have a trading plan to succeed. A trading plan should consist of a position, why you enter, stop loss point, profit taking level, plus a sound money management strategy. A good plan will remove all the emotions from your trades.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para"><span style="color: rgb(51, 102, 255);">The trend is your friend</span>: </span><span class="NAMED-para">Do not buck the trend. When the market is bullish, go long. On the reverse, if the market is bearish, you short. Never go against the trend.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para"><span style="color: rgb(51, 102, 255);">Focus on capital preservation</span>: </span><span class="NAMED-para">This is the most important step that you must take when you deal with your trading capital. You main goal is to preserve the capital. Do not trade more than 10% of your deposit in a single trade. For example, if your total deposit is $10,000, every trade should limit to $1000. If you don't do this, you'll be out of the market very soon.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para"><span style="color: rgb(51, 102, 255);">Know when to cut loss</span>: </span><span class="NAMED-para">If a trade goes against you, sell it and let go. Do not hold on to a bad trade hoping that the price will go up. Most likely, you end up losing more money. Before you enter a trade, decide your stop loss price, a price where you must sell when the trade turns sour. It depends on your risk profile as of how much you should set for the stop loss.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para"><span style="color: rgb(51, 102, 255);">Take profit when the trade is good</span>: </span><span class="NAMED-para">Before entering a trade, decide how much profit you are willing to take. When a trade turns out to be good, take the profit. You can take profit all at one go, or take profit in stages. When you've recovered your trading cost, you have nothing to lose. Sit tight and watch the profit run.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para"><span style="color: rgb(51, 102, 255);">Be emotionless</span>: </span><span class="NAMED-para">Two biggest emotions in trading: greed and fear. Do not let greed and fear influence your trade. Trading is a mechanical process and it's not for the emotional ones. As Dr. Alexander Elder said in his book "Trading For A Living", if you sit in front of a successful trader and observe how he trades, you might not be able to tell whether he is making or losing money. That's how emotionally stable a successful trader is.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para"><span style="color: rgb(51, 102, 255);">Do not trade based on a tip from a friend or broker</span>: </span><span class="NAMED-para">Trade only when you have done your own research and analysis. Be an informed trader.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para"><span style="color: rgb(51, 102, 255);">Keep a trading journal</span>: </span><span class="NAMED-para">When you buy a currency or stock, write down the reasons why you buy, and your feelings at that time. You do the same when you sell. Analyze and write down the mistakes you've made, as well as things that you've done right. By referring to your trading journal, you learn from your past mistakes. Improve on your mistakes, keep learning and keep improving.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para"><span style="color: rgb(51, 102, 255);">When in doubt, stay out</span>: </span><span class="NAMED-para">When you have doubt and not sure where the market or stock is going, stay on the sideline. Sometimes, doing nothing is the best thing to do.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para"><span style="color: rgb(51, 102, 255);">Do not overtrade</span>: </span><span class="NAMED-para">Ideally you should have 3-5 positions at a time. No more than that. If you have too many positions, you tend to be out of control and make emotional decisions when there is a change in market. Do not trade for the sake of trading.</span></p><div style="text-align: justify;"><br /><br /><span style="color: rgb(51, 102, 255);">Cheers,</span><br /><br /><span style="color: rgb(255, 102, 0);">Lusiana</span><br />http://lusiana-forex.blogspot.com<br /> </div>Lusia Mulianahttp://www.blogger.com/profile/16443743828948115938noreply@blogger.com0tag:blogger.com,1999:blog-20678416.post-1136869200248952202006-01-09T20:57:00.000-08:002006-01-09T21:00:00.343-08:00Trading Forex di Marketiva (step by step)<span style="font-weight: bold; color: rgb(0, 0, 153);">Step by Step Forex Trading (Valas Trading) di <a href="http://www.marketiva.com/?gid=372">Marketiva</a></span><br /><br /><div style="text-align: justify;">FOREX TRADING (valas trading) merupakan pasar terbesar di dunia diukur berdasarkan nilai total transaksi. Menurut survei BIS (Bank International for Settlement – bank sentralnya bank-bank sentral seluruh dunia), yang dilakukan pada akhir tahun 2004, nilai transaksi forex mencapai USD 1,900miliar per hari. Dengan demikian, prospek investasi di perdagangan forex adalah sangat bagus.<br /><br />Pasar valas/forex berjalan selama 24 jam, berputar mulai dari pasar New Zaeland & Australia yang berlangsung pukul 05.00–14.00 WIB, terus ke pasar Asia yaitu Jepang & Singapura yang berlangsung pukul 07.00–16.00 WIB, ke pasar Eropa yaitu Jerman & Inggris yang berlangsung pukul 13.00–22.00, sampai ke pasar Amerika yang berlangsung pukul 20.30–10.30. Dalam perkembangan sejarahnya, bank sentral milik negara-negara dengan cadangan mata uang asing yang besar sekalipun dapat dikalahkan oleh kekuatan pasar forex/valas yang bebas.<br /><br />Forex trading (valas trading) saat ini sudah sangat mudah untuk dilakukan oleh siapapun dan dari manapun. Dengan modal komputer yang tersambung ke internet, kita sudah bisa melakukan forex trading (valas trading) baik dari rumah, kantor, warnet, dan darimana saja yang penting ada fasilitas sambungan internet. Dengan mendaftar di <a href="http://www.marketiva.com/?gid=372">Marketiva</a>, Anda tidak perlu lagi memikirkan modal untuk melakukan forex trading (valas trading), begitu daftar langsung bisa trading karena Anda mendapatkan cash reward $5 real money untuk live trading dan $10,000 virtual money untuk simulasi dengan kondisi pasar yang sesungguhnya.<br /><br />Forex Trading (valas trading) di <a href="http://www.marketiva.com/?gid=372">Marketiva</a> adalah pilihan terbaik bagi para calon trader dalam mengembangkan ilmu, maupun bagi trader profesional dalam bertransaksi forex trading (valas trading).<br /><br /><span style="font-weight: bold; color: rgb(0, 0, 153);">KEUNGGULAN</span><br /><a href="http://www.marketiva.com/?gid=372">Marketiva</a> provides spot forex on major currency pairs and crosses; $5 cash reward you can start trading right away; tight spreads from 3 pips; trading on 1% margin; virtual and live desks within one account; latest news, alerts on market events, signals, no market commissions; zero-interest on open positions, 24-hour support, chat channels, the most sophisticated and easy-to-use forex charting tool; ability to trade from the charts and the best forex trading software available!<br /><br />Untuk bisa memulai transaksi forex trading (valas trading) di <a href="http://www.marketiva.com/?gid=372">Marketiva</a>, ikutilah langkah-langkah berikut secara berurutan.<br /><br /><span style="font-weight: bold; color: rgb(0, 0, 153);">MENDAFTAR</span><br />Untuk mendaftar, silakan buka website <a href="http://www.marketiva.com/?gid=372">Marketiva</a>, setelah terbuka, klik Open Account, isilah data diri Anda secara lengkap. Untuk field dengan tanda * (bintang) harus Anda isi, yang lain boleh Anda kosongkan.<br /><br /></div><ul style="text-align: justify;"><li>Username: pilihlah username yang indah, karena akan Anda gunakan untuk chatting dengan sesama trader, misalnya: cinta, cantik, handsome, dsb.</li><li>Password: minimal 8 karakter gabungan huruf dan angka.</li><li>First Name: isi nama depan Anda</li><li>Last Name: isi nama belakang Anda, jika nama Anda hanya terdiri dari satu suku kata, masukkan nama Anda tersebut di field First Name dan Last Name. Contoh: jika nama Anda adalah Fitri, maka masukkan First Name: Fitri, Last Name: Fitri.</li><li>Untuk data alamat isikan sesuai dengan KTP Anda.</li><li>E-mail: diisi alamat e-mail Anda yang masih aktif.</li></ul><div style="text-align: justify;"> <span style="color: rgb(255, 0, 0);"><span style="font-weight: bold;">PERHATIAN:</span> Seluruh data diri yang Anda isikan harus sama dengan KTP, karena akan dilakukan proses verifikasi untuk bisa melakukan transaksi forex trading (trading valas).</span><br /><br />Setelah selesai mengisi, klik tombol <span style="color: rgb(255, 0, 0);">Continue></span><br /><br /></div><ul style="text-align: justify;"><li>User Template: pilih Standar Forex Trader</li><li>Coupon: boleh dikosongkan</li><li>Recovery Question: pilih yang paling cocok dengan Anda, misalnya Anda memiliki kucing dengan nama <span style="color: rgb(51, 51, 255);">manis</span>, maka pilih: What is your pet's name?</li><li>Recovery Answer: dalam contoh ini maka jawaban anda adalah: <span style="color: rgb(51, 51, 255);">manis</span> </li></ul><div style="text-align: justify;"> Setelah selesai mengisi, klik tombol <span style="color: rgb(255, 0, 0);">next></span><br /><br /></div><ul style="text-align: justify;"><li>Berilah tanda chek pada pilihan: I have read, understood, and agree with the Service Agreement under which Marketiva Corporation provides it services and products. I have also read and understood the Risk Disclosure statement and I am willing and able to assume such risks.</li></ul><div style="text-align: justify;"> Setelah itu klik tombol <span style="color: rgb(255, 0, 0);">[finish]</span>. Maka proses pendaftaran Anda sudah selesai.<br /><br /><span style="font-weight: bold; color: rgb(0, 0, 153);">VERIFIKASI IDENTITAS DIRI</span><br />Setelah Anda mendaftar, maka Anda perlu mengupload data diri Anda untuk diverifikasi, Anda hanya diizinkan membuka satu account, berikut data yang dibutuhkan:<br /><br /></div><ul style="text-align: justify;"><li>Image ID: Scan KTP/SIM/KTM atau kartu identitas lain yang ada foto dan nama Anda tertera di kartu identitas tersebut.</li><li>Image Adress: Scan data tagihan yang alamatnya sama dengan KTP/SIM/KTM Anda, misal tagihan listrik, tagihan telepon, rekening bank dll, data di tagihan ini digunakan untuk konfirmasi alamat.</li><li>Scan data harus berwarna dan masing-masing file ukurannya maksimal 100kb, jadi sewaktu scan, resolusi di set ke 72-100 dpi saja.</li><li>Bila Anda tidak mempunya data tagihan yang ada nama dan alamat Anda disitu, maka anda boleh mengupload scan ktp saja, scan bagian depan KTP sebagai ID image, bagian belakang sebagai Address image.</li><li>Upload scan data tersebut <a href="https://www.marketiva.com/index.ncre?page=identification">di sini</a> </li></ul><div style="text-align: justify;"> Setelah mengupload data, melaporlah ke live support yang ada di situs <a href="http://www.marketiva.com/?gid=372">Marketiva</a>. Beberapa saat kemudin Anda akan diberitahu bahwa data diri Anda telah selesai diverifikasi.<br /><br /><span style="font-weight: bold; color: rgb(0, 0, 153);">MEMBUKA ACCOUNT <a href="http://www.e-gold.com/e-gold.asp?cid=2203293">E-GOLD</a></span><br />Proses deposit dan withdrawl termudah adalah dengan e-gold, silakan Anda baca secara lengkap tata cara membuka e-gold, klik <a href="http://basis-forex.blogspot.com/2005/11/e-gold-solusi-bertransaksi-di-internet.html">disini</a>.<span style="color: rgb(255, 0, 0);"> PASTIKAN: Nama lengkap Anda di account e-gold harus sama dengan nama lengkap di </span><a href="http://www.marketiva.com/?gid=372">Marketiva</a><span style="color: rgb(255, 0, 0);">, jika tidak sama maka Anda akan mengalami kesulitan dalam proses deposit dan withdrawl.</span><br /><br /><span style="font-weight: bold; color: rgb(0, 0, 153);">MENDOWNLOAD DAN MENGINSTAL STREAMSTER</span><br />Untuk memulai transaksi forex trading (valas trading) di <a href="http://www.marketiva.com/?gid=372">Marketiva</a>, Anda memerlukan software Streamster, silakan Download dengan cara menekan tombol <span style="color: rgb(255, 0, 0);">get streamster</span> di bagian kanan atas website <a href="http://www.marketiva.com/?gid=372">Marketiva</a> dan install di komputer Anda, kemudian jalankan program Marketiva, Login dengan username dan password yang baru saja Anda buat. Setelah selesai Anda download, double klik file hasil download Anda tersebut untuk menginstallnya di komputer Anda, ikuti langkah-langkah yang diminta.<br /><br /><span style="font-weight: bold; color: rgb(0, 0, 153);">LOGIN DAN MULAI BERTRANSAKSI</span><br />Setelah Anda login masuklah ke room chat international dan indonesia, caranya klik tombol <span style="color: rgb(255, 0, 0);">groups</span> di bagian atas jendela streamster, tunggu sebentar sampai ditampilkan daftar room yang ada, pilih international dan indonesia, klik OK, maka otomatis Anda masuk room international dan indonesia. Untuk mulai bertransaksi, bertanyalah kepada support personel dari Marketiva menggunakan bahasa indonesia, boleh di room international maupun di room indonesia. Support personel adalah orang dengan nick yang ada huruf ' i ' (information) di depan nicknya, mereka akan dengan senang hati membantu Anda memahami cara-cara bertransaksi di <a href="http://www.marketiva.com/?gid=372">Marketiva</a>.<br /><br /><span style="font-weight: bold; color: rgb(0, 0, 153);">MEMBUKA ACCOUNT E-GOLD EXCHANGE</span><br />Bila Anda ingin mencairkan e-gold ke dalam bentuk mata uang Rupiah, yang perlu Anda lakukan adalah menjual kembali e-gold Anda ke merchant e-gold di Indonesia contohnya <a href="http://indochanger.com/?ref=yanisk">indochanger</a>. Dalam transaksi tersebut Anda akan mentransfer e-gold ke rekening merchant dan Anda akan menerima uang dalam bentuk Rupiah (biasanya melalui ATM atau transfer bank, disarankan Bank Central Asia). Untuk mengisi e-gold, yang Anda lakukan adalah langkah sebaliknya, Anda setorkan Rupiah ke merchant, dan merchant akan mengisi account e-gold Anda. Silakan buka account e-gold exchange Anda di <a href="http://indochanger.com/?ref=yanisk">indochanger</a>.<br /><br />Demikian uraian singkat Step by Step Forex Trading (Valas Trading) di <a href="http://www.marketiva.com/?gid=372">Marketiva</a>. Selamat mencoba, Good Luck.<br /></div><br /><br /><span style="color: rgb(0, 0, 153); font-weight: bold;">Cheers,</span><br /><br /><br /><span style="font-weight: bold;">Lusiana Khairyan Yanis</span><br /><a href="http://basis-forex.blogspot.com/">http://lusiana-forex.blogspot.com</a>Lusia Mulianahttp://www.blogger.com/profile/16443743828948115938noreply@blogger.com0tag:blogger.com,1999:blog-20678416.post-1136705109080476892006-01-07T23:20:00.000-08:002006-01-07T23:25:11.820-08:00Strategi Trading Forex/Valas<div style="text-align: justify;"><span style="font-style: italic;"> Forex</span> atau <span style="font-style: italic;">Foreign Exchange</span> atau biasa juga disebut <span style="font-style: italic;">Future Trading</span> merupakan kegiatan jual beli mata uang asing yang dilakukan untuk memperoleh selisih antara harga jual dengan harga beli (profit) atau keuntungan sesuai dengan yang diharapkan. Dalam forex/margin/stock, kita tidak dapat mengontrol berapa besar profit yang akan kita dapatkan karena itu tergantung dari hoki kita. TAPI, kita bisa mengontrol berapa besar/kecil kerugian kita, di sini yang paling dominan adalah manajemen resiko (Risk Management) dan manajemen uang (Money Management).<br /><br /></div> <div style="text-align: justify;"> Indek (mata uang/bursa) selalu bergerak seiring dengan roda perekonomian suatu negara, hal yang paling mendasar adalah siapakah diri kita dan siapa pasar itu, jika kita telah menyatu dengan pasar, maunya pasar jelas, kita akan mampu lebih baik mendapatkan hasilnya, baru2 ini Jepang berusaha menahan laju penguatan mata uangnya menghabis 3 milyar dollar US, mengapa kita tidak bermain di dalamnya...?<br /><br />Saran saya jangan melawan pasar, berusaha memahami arah pasar, bukan hanya berprinsip mengharap pada rebounding market, pengalaman anda juga wajar karena pendidikan formal untuk ini sangat terbatas.., baru satu atau dua lembaga pendidikan (asing) yang membuka pendidikan formal khusus di Indonesia, itupun dengan biaya yang wahh... (sebagian pendidikan diselesaikan di singapore)<br /></div><br /><span style="font-style: italic;">Ada beberapa faktor penentu dalam kesuksesan melakukan Trading</span>:<br /><br /><span style="font-size: 130%;"><span style="font-weight: bold; color: rgb(51, 102, 255);">Psikologi Individu</span><br /></span><br />Terdapat 6 psikologi yang mempengaruhi individu dalam bertransaksi:<br /><ol><li>Bertanggung jawablah terhadap modal anda</li><li>Kurangi kerugian anda secepatnya dan biarkan keuntungan anda yang berjalan</li><li>Disiplin</li><li>Terlalu banyak informasi</li><li>Jangan menikah dengan perdagangan anda</li><li>Jangan bertaruh di ladang ini</li></ol> <span style="font-style: italic;">Penjelasan:</span><span style="color: rgb(51, 102, 255);"><br />Bertanggung jawablah terhadap modal anda </span><br /><div style="text-align: justify;">Sangatlah menarik dimana banyak orang senang menaruh simpanan dan dana mereka dalam tangan orang lain, menerima kerugian seperti dengan mudahnya menyalahkan orang lain daripada bertanggung jawab terhadap dana mereka sendiri.<br /></div> <div style="text-align: justify;"> Langkah pertama sebagai individu adalah percaya pada diri anda sendiri dan kemampuan anda sendiri. Satu dari penemuan yang sangat mengejutkan ketika anda mulai bertransaksi atau memiliki pengamatan dari pasar saham bagaimana para ahli sangat sering melakukan kesalahan. Hal ini merupakan penyokong kepercayaan yang sesungguhnya ketika anda mulai mengerti bahwa dengan latar belakang yang kokoh dan pengetahuan, disiplin dan penetapan rencana perdagangan yang baik akan membuat anda melakukan tindakan profesional.<br />Anda<span style="font-family: georgia;"> akan berada dalam sebuah pasar yang bergerak beberapa kali lebih cepat daripada pasar lainnya dan dengan leverage, penghargaan dan kerugian bercampur berulang kali. Jalan terbaik untuk mengatasi pikiran dari penggunaan uang anda sendiri dan volume anda akan melakukan transaksi adalah melupakan tentang uang dan bicarakan bagian dari poin-poin. Jadi daripada menghitung keuntungan dan kerugian anda dalam faktor-faktor dari dolar, bicarakan faktor-faktor dari poin-poin keuntungan dan kerugian. Jika anda mengambil hal ini pada tingkat yang sangat awal, ini akan terasa sama jika anda melakukan perdagangan demo, mini atau 10 kontak dari rekeni</span>ng penuh.<br /><div style="text-align: justify;"> Ketika melakukan perdagangan rekening demo, kebanyakan orang melakukannya dengan sangat baik. Mereka berdagang tanpa rasa takut. Tapi ketika mereka bertransaksi dengan uang sesungguhnya, meskipun hanya rekening mini, tiba-tiba mereka menemukan diri mereka bertransaksi dengan sikap dimana mereka kehilangan banyak kesempatan dan mengumpulkan banyak kerugian. Mereka dengan mudah kehilangan keberanian mereka dan masuk ke dalam rasa takut dan tamak. Hal ini dapat terjadi juga ketika anda berangkat dari rekening mini ke rekening penuh atau dari kontrak perdagangan sendiri ke kontrak perdagangan multiple.<br /></div> </div> <div style="text-align: justify;"> Cobalah dan berdaganglah tanpa pikiran akan berapa banyak uang anda yang mungkin akan untung atau rugi. Berdagang dengan pemikiran yang benar, tidak peduli berapa banyak kontrak yang anda perdagangkan atau bahkan jika anda melakukan transaksi di rekening demo.<br /></div><br /><span style="color: rgb(51, 102, 255);">Kurangi kerugian anda secepatnya dan biarkan keuntungan anda yang berjalan</span><br /><div style="text-align: justify;"> Konsep sederhana ini merupakan salah satu konsep tersulit untuk dilaksanakan dan ini menyebabkan kematian bagi kebanyakan pedagang. Kebanyakan pedagang melanggar rencana yang telah ditetapkan sebelumnya dan mengambil keuntungan mereka sebelum meraih target keuntungan mereka karena mereka merasa tidak nyaman duduk di posisi yang menguntungkan. Jenis orang yang sama ini akan dengan mudah duduk di posisi kerugian, mengijinkan pasar bergerak terhadap mereka untuk ratusan poin dengan harapan bahwa pasar akan kembali. Tambahan, pedagang yang perintah stop mereka telah terkena berulang kali hanya untuk melihat pasaran kembali pada kehendak mereka, sekali mereka keluar, mereka dengan cepat memindahkan perintah stop dari perdagangan mereka dengan satu kepercayaan bahwa hal ini akan selalu menjadi kasus. Perintah stop diadakan untuk dikenai, dan untuk menghentikan anda dari kerugian melebihi jumlah yang ditetapkan sebelumnya! Kepercayaan yang salah adalah bahwa setiap transaksi haruslah menguntungkan. Jika anda telah memperoleh keuntungan 3 dari 6 transaksi maka anda telah melakukannya dengan baik. Bagaimana mungkin anda dapat menghasilkan uang dengan hanya setengah dari perdagangan anda untuk menjadi pemenang? Sederhana saja, anda ijinkan keuntungan anda pada saat menang untuk berputar dan yakinkan bahwa kerugian yang anda alami adalah minimal.<br />Strategi bagus lainnya adalah menggerakan stop loss (poin dimana transaksi akan terjual jika berjalan ke jalan yang salah) di balik perdagangan ke tingkat dimana penarikan kembali dapat diakomodasikan tetapi pembalikan akan terkunci paling tidak memperoleh sedikit keuntungan.<br /></div><br /><span style="color: rgb(51, 102, 255);">Disiplin</span><br /><div style="text-align: justify;"> Berdaganglah dengan perencanaan yang disiplin. Masalah dari banyak pedagang adalah mereka menganggap berbelanja lebih serius dibandingkan perdagangan. Pembelanja rata-rata tidak akan mengeluarkan $400 tanpa penelitian yang serius dan pemeriksaan produk yang hendak dibeli, juga pedagang rata-rata akan membuat sebuah perdagangan dengan mudah membebaninya $400 didasari pada sedikit daripada "perasaan" atau "dugaan". Yakinkan bahwa anda memiliki rencana sebelum anda mulai bertransaksi. Rencana harus termasuk didalamnya level stop dan limit untuk bertransaksi, sama seperti analisa anda harus meliputi sisi bawah yang diharapkan sebaik sisi atas yang diharapkan.<br /></div><br /><span style="color: rgb(51, 102, 255);">Terlalu banyak informasi</span><br /><div style="text-align: justify;"> Seperti banyak usaha-usaha keras lainnya, sangatlah penting untuk tetap berdagang secara sederhana. Banyak pedagang memulai dengan strategi yang sederhana dan sukses, tapi menemukan diri mereka mencoba memotong dan mengubah untuk menemukan sistem yang lebih baik. Mereka juga mengijinkan diri mereka untuk dipengaruhi oleh pendapat lain dan terlalu banyak fundamental.<br />Perdagangan pasar saham biasanya serupa dalam hal ini. Pelatihan yang baik adalah untuk mengajarkan seorang anak atau remaja strategi perdagangan yang sederhana atau rancangan aturan untuk diikuti dan membiarkan mereka untuk berdagang rekening demo. Banyak pedagang yang telah melakukan ini merasa surprise bahwa anak-anak mereka dapat melakukan transaksi dengan baik, konsisten dan seringkali dengan hasil yang spektakuler. Pelajarannya adalah bahwa mereka tidak menyimpang dari aturan-aturan yang ada dan tidak terpengaruh oleh media atau fundamental. Banyak pedagang tidak memperhatikan fundamental sama sekali dan sukses dalam bertransaksi. Aturan di sini adalah untuk tetap menjadikannya sederhana, jangan ijinkan diri anda untuk menjadi bingung dengan terlalu banyak informasi dan jika anda tidak yakin atau tidak dalam emosi dalam pikiran yang baik, jangan melakukan transaksi.<br /></div><br /><span style="color: rgb(51, 102, 255);">Jangan menikah dengan perdagangan anda</span><br /><div style="text-align: justify;"> Alasan berdagang dengan perencanaan adalah sangat penting karena analisa terobjektif adalah telah dilakukan sebelum perdagangan dilaksanakan. Sekali seorang pedagang berada dalam posisi mereka cenderung menganalisa pasar berbeda dalam "harapan" bahwa pasar akan bergerak ke dalam arah yang diinginkan daripada penglihatan objektif pada faktor-faktor yang berubah yang mungkin berbalik terhadap analisa asli anda. Hal ini khususnya merupakan kerugian yang sebenarnya. Pedagang dengan posisi kalah cenderung untuk menikahi posisi mereka, yang menyebabkan mereka mengabaikan kenyataan bahwa semua tanda mengarah pada kerugian. Jangan berdagang lebih lagi dengan harapan bahwa pasar akan berbalik ke dalam kehendak anda, hal ini hanya akan mempercepat kerugian anda.<br /><br /><span style="color: rgb(51, 102, 255);">Jangan bertaruh di ladang ini</span><br />Jangan berlebihan dalam bertransaksi. Satu dari sekian banyak kesalahan biasa bahwa pedagang membuat leverage yang terlalu tinggi dari rekening mereka dengan berdagang ukuran besar yang banyak daripada seharusnya mereka memperdagangkan secara bijaksana saldo mereka. Leverage merupakan pedang bermata dua. Hanya karena satu lot (100,000 unit) dari mata uang hanya diminta $1000 sebagai margin minimum deposit, itu bukan berarti kalau seorang pedagang dengan $5000 dalam rekeningnya dapat melakukan transaksi sebanyak 5 lot. Satu lot adalah $100,000 dan harus diperlakukan sebagai $100,000 investasi dan bukannya menaruh $1000 sebagai batasan. Banyak pedagang menganalisa grafik dengan benar dan menempatkan transaksi yang bijaksana, juga mereka cenderung untuk berlebihan menetapkan leverage mereka sendiri. Sebagai konsekuensinya, mereka seringkali terpaksa untuk keluar posisi pada waktu yang salah/tidak tepat. Aturan terbaik adalah untuk berdagang <span style="font-family: georgia;">dengan 1-10 leverage atau tidak pernah menggunakan saldo anda lebih dari 5 pada waktu yang diberikan. Berdagang mata uang tidaklah mudah. (jika mudah, setiap orang akan menjadi milyuner!)</span><br /></div><br /><span style="font-style: italic; color: rgb(51, 102, 255); font-weight: bold;">Psikologi Pasar</span><br /><br />Terdapat 5 psikologi pasar yang mempengaruhi naik turunnya nilai mata uang:<br /><ol><li>Fundamental dan Teknis</li><li>Desas desus dan Berita</li><li>Kekhawatiran dan intervensi</li><li>Mentalitas Persamaan</li><li>Ikhtisar/ringkasan</li></ol><span style="font-style: italic;">Penjelasan:</span><br /><span style="color: rgb(51, 102, 255);">Fundamental dan Teknis</span><br /><div style="text-align: justify;"> Seorang idealis menginginkan kita untuk percaya bahwa nilai dari sebuah mata uang merupakan refleksi sesungguhnya dari evolusi ekonomi dan keadaan aset negara tersebut. Tidak ada lagi lainnya selain kebenaran. Nilai dari satu mata uang mencerminkan sentimen pasar dan apa yang mempengaruhi sentimen tersebut. Hal ini yang secara luas akan meliputi bab fundamental dari pelajaran ini. Pada bagian ini kami akan secara singkat melihat bagaimana perilaku pasar dan mencerminkan ke arah mana mata uang didapat dari pandangan prespektif pedagang.<br /><br /></div> <div style="text-align: justify;"> Para pedagang menggunakan 2 alat dasar untuk memandu mereka dalam membuat strategi untuk bertransaksi, yaitu Analisa Fundamental dan Analisa Teknik. Kami menekankan pada teknis karena para pedagang di dunia menggunakan grafik-grafik dan peralatan-peralatan yang hampir sama dalam memprediksi tren pasar. Alasan pasar kadangkala sangat dapat diramalkan adalah jika mayoritas menggunakan grafik yang sama untuk menentukan pola dan tren, kemudian kedua hal ini sangat mungkin berlaku dalam gaya yang serupa. Jadi beberapa ribu pedagang yang semuanya memiliki pemetaan garis resistensi yang sama akan sangat mungkin merancang pengarahan dan perdagangan mereka sesuai dengan garis tersebut.<br /><br /></div> <div style="text-align: justify;"> Dengan kata lain fundamental sebagai pengumuman data ekonomi, ancaman dari perang atau peristiwa individu dapat membuat pasar berada dalam keadaan gila-gilaan. Hal ini perlu diperhatikan ketika membuat keputusan untuk bertransaksi atau tidak.<br /></div> <div style="text-align: justify;"> Pasar selalu bereaksi sebelum data ekonomi diumumkan, secara umum penempatannya menurut pada pengharapan pasar dari data. Jika terdapat perbedaan dari pengharapan - pengharapan tersebut, pasar akan bereaksi secara negatif atau positif. Kadangkala, strategi yang baik ditemukan dalam pasar yang diam adalah penempatan pesanan untuk transaksi baik sisi dari harga pasar saat ini sebelum data utama diumumkan dan perdagangan akan diaktifkan jika terdapat pergerakan mendadak. Hal ini tidak mempengaruhi ke arah mana perdagangan akan pergi, paling tidak satu transaksi akan diaktifkan dengan arah yang benar.<br /></div> <div style="text-align: right; font-style: italic;">Catatan peringatan: terkadang sedikit pukulan cemeti dapat terjadi dan perdagangan yang salah akan diaktifkan.<br /></div> <span style="color: rgb(51, 102, 255);"><br />Desas desus dan Berita</span><br /><div style="text-align: justify;"> Di sini terdapat perbedaan pendapat yang tiada henti antara beberapa pedagang tentang apa yang paling penting: Analisa fundamental atau Analisa teknik. Kebanyakan pedagang menggunakan analisa teknik, banyak dari mereka tidak menggunakan analisa fundamental sama sekali. Hal ini merupakan tindakan terbodoh yang dilakukan jika seseorang mengabaikan sama sekali analisa fundamental seperti mereka seringkali menjelaskan perubahan mendadak yang terjadi dalam sentimen pasar. Umumnya, seorang pedagang akan memperoleh layanan berita peristiwa dunia seperti adanya bom di suatu tempat atau pengumuman data ekonomi dapat menjadi katalisator untuk menciptakan pergerakan dalam pasar. Lebih lagi bahwa bukan pergerakan yang mengikuti tingkah laku teknikal.<br /></div> <div style="text-align: justify;"> Ketika mengamati layanan berita, sangatlah penting untuk tidak terjerat dalam desas desus. Biasanya desas desus berkisar tentang kontrak-kontrak futures tentang berakhirnya nilai mata uang pada harga yang pasti. Desas desus ini lebih sering terjadi daripada tidak dimana para pedagang dan lembaga terjerat dalam posisi seharusnya mereka tidak berada didalamnya dan mencoba untuk membicarakan naik atau turunnya pasar.<br /></div> <div style="text-align: justify;"> Pasar bereaksi terhadap peristiwa dunia. Ancaman perang atau tindakan teroris juga dapat mengirim pasar ke dalam tren dan arah baru dalam hitungan menit. Biasanya setelah peristiwa ini, pasar cenderung untuk kembali ke pola perdagangan biasa.<br /></div><br /><span style="color: rgb(51, 102, 255);">Kekhawatiran dan Intervensi</span><br /><span style="color: rgb(51, 102, 255);"> </span> <div style="text-align: justify;"> Dikarenakan oleh ukuran Forex tidak satupun negara atau lembaga dapat memiliki pengaruh yang lama pada pasar. Bagaimanapun beberapa negara menggunakan bank-bank sentral mereka untuk mempengaruhi pasar baik dalam masa sebentar maupun lama.<br /></div> <div style="text-align: justify;"> Pada tahun 2002, Bank of Japan merasa dolar US menurun terlalu cepat terhadap Yen dan mulai mempengaruhi daya saing dari ekspor Jepang ke Amerika. Dalam upaya penghentian tren, mereka menempatkan pesanan untuk dolar US sampai dengan 10 milyar dolar pada waktu yang sama dalam menit. Pasar bereaksi terhadap dolar US hingga naik sampai dengan 150 poin dalam menit. Mereka menggunakan taktik ini kapan saja dan pada harga yang berbeda. Pengaruh sesungguhnya dari 10 miliar secara umum menetap sebentar dalam pasar dimana perdagangan 1.5 trilyun dolar sehari, tapi kekhawatiran yang tiada henti berkembang di pasar sehingga diperlukan waktu beberapa bulan untuk mengelola dolar US terhadap Yen.<br /></div> Hanya pembicaraan dari intervensi akan sering terlihat dolar US berbalik dari kecenderungan untuk menurun.<br /><br /><span style="color: rgb(51, 102, 255);">Mentalitas Persamaan</span><br /><div style="text-align: justify;"> Biasanya semangat keuntungan suatu transaksi dan berlanjut bergerak naik atau turun dan tidak digerakan oleh apapun daripada seseorang mengikuti seseorang lainnya. Sebuah data diumumkan atau peristiwa dapat memicu beberapa pedagang untuk membeli atau menjual. Pedagang lainnya melihat pergerakan dan memutuskan kemungkinan berjalan terus atau sedang berlangsungnya tren baru. Mereka sedang dalam penempatan pesanan atau menjual posisi mereka dan pergerakan baik naik atau turun mengatakan untuk memperoleh keuntungan. Harga akan berlanjut naik atau jatuh pada langkah kenaikan yang cepat hingga beberapa pedagang memasuki pasar atau mengurangi pembukaan mereka yang telah jatuh dan harga mulai keluar dari level yang ada. Tambahan, banyak dari para pedagang yang terlalu cepat bertindak dalam berdagang dapat memperoleh keuntungan atau membeli kembali, yang akan membawa pergerakan berhenti atau bahkan membalikkan tren, biasanya kembali ke harga awal atau menstabilkannya pada level yang baru. Hal ini selalu penting untuk tidak masuk ke dalam perdagangan ini hingga ada bukti dari penarikan kembali dan kemungkinan dari berlanjutnya tren. Ini adalah waktunya untuk melihat pada Analisa Fundamental dan Analisa Teknikal untuk melihat apa yang menyebabkan pergerakan seperti itu dan kemungkinan kelanjutannya. Di sini kita mengatakan bahwa perdagangan adalah rancangan bukan reaksi. Jangan berdagang berdasarkan reaksi, berdagang berdasarkan rancangan. Hanya pergerakan perdagangan atau rancangan grafik atau strategi anda yang mengatakan kepada anda untuk berdagang, atau berdaganglah jika grafik anda mengatakan pada anda bahwa masih terdapat banyak pergerakan dalam tren saat ini.<br /></div><br /><span style="color: rgb(51, 102, 255);">Ikhtisar/ringkasan</span><br /><div style="text-align: justify;"> Untuk meraih sukses dalam bertransaksi, anda harus berhati-hati terhadap emosi anda sendiri dan pakailah peralatan-peralatan dan strategi-strategi dimana mereka tidak mempengaruhi keputusan anda. Pedagang tersukses di dunia lebih banyak adalah wanita, karena wanita memiliki komunikasi yang baik dan mereka bisa mengendalikan emosi mereka. Tidak ada tempat untuk perilaku sombong dan angkuh atau ketidakstabilan emosi dalam penempatan pasar.<br /></div> <div style="text-align: justify;"> Pelajari dan amati alasan-alasan terjadinya fluktuasi dalam pasar, dapati itu dari Analisa Fundamental atau Analisa Teknikal atau kombinasikan keduanya. Aturan yang baik untuk diikuti adalah jika satu atau lainnya tidak kelihatan benar - jangan melakukan transaksi. Jangan pernah melakukan transaksi atas tren hanya demi menjadi berbeda dari yang lain, kami tegaskan berkali-kali melalui manual ini "TREN ADALAH TEMAN ANDA".<br /></div> <div style="text-align: justify;"> Pengalaman akan memberikan kemampuan kepada anda untuk mengerti psikologi dari pasar dan untuk mengukur keseimbangan antara analisa fundamental dan analisa teknikal.<br /></div> <div style="text-align: justify;"> Anda hanya perlu berhati-hati akan emosi anda sendiri dan gunakanlah perubahan perilaku yang diperlukan, ini akan memampukan anda untuk menjadi pedagang yang sukses.<br /></div> <div style="text-align: justify;"> Akhirnya, mengertilah bahwa tidak ada satupun dari pelatihan, pengertian ataupun informasi yang dapat menjadikan anda pedagang yang baik. Kuncinya adalah untuk mampu berdagang dalam tingkat emosi yang benar dan tanpa kekhawatiran. Jika anda tidak merasa diri anda benar, menjauhlah sampai anda merasa diri anda benar. Jangan mencoba bertransaksi lebih untuk menutupi kekalahan atau meningkatkan keuntungan anda; bertahanlah pada rencana. Kenalilah kekuatan dan kelemahan anda. Ambil tanggung jawab untuk diri anda sendiri, investasi anda dan emosi anda.<br /></div><br /><span style="color: rgb(0, 102, 0);">Semoga bermanfaat......</span><br /><br /><br /><span style="color: rgb(0, 0, 153); font-weight: bold;">Cheers,</span><br /><br /><br /><span style="font-weight: bold;">Lusiana Khairyan Yanis</span><br /><a href="http://lusiana-forex.blogspot.com">http://lusiana-forex.blogspot.com</a><a href="http://lusiana-forex.blogspot.com"> </a>Lusia Mulianahttp://www.blogger.com/profile/16443743828948115938noreply@blogger.com0tag:blogger.com,1999:blog-20678416.post-1136704699175439812006-01-07T22:52:00.000-08:002006-01-08T00:38:39.120-08:00Mencari Uang di Internet dengan Forex Trading (Valas Trading)<div style="text-align: justify;">Banyak orang yang berpikir menganalisa forex merupakan suatu hal yang rumit dan semua penuh dengan segala rumus matematika yang menakutkan beberapa orang bahkan rela membayar jutaan rupiah untuk mengikuti kursus-kursus pasar modal yang mempelajari analisa tehnikal dengan perhitungan grafik yang rumit bahkan memusingkan karena kita sendiri jadi bingung frame mana yang harus dipilih 1 menit, 5 menit atau Daily?<br /><br />Sebenarnya jika kita berfikir logis, jernih dan tenang maka akan terlihat sesuatu yang tidak terlihat karena dikaburkan oleh segala macam tetek bengek indicator dan rumus yang rumit tersebut. KISS ( Keep it simple stupid ) sebuah pedoman terbaik yang wajib diterapkan di segala bidang.<br /><br />Untuk sukses bertrading Forex ada suatu prinsip dasar yang harus dipegang . Ingat anda bertrading ini artinya anda berdagang kalau anda berdagang berfikirlah dengan pola pikir seorang pedagang. Beli diharga murah lalu jual di harga tinggi ini adalah aturan nomor satu yang paling wajib diperhatikan. Tidak peduli apakah anda bermain saham, bursa komoditi, forex ataupun anda seorang pedagang konvensional, terapkan selalu prinsip tersebut.<br /><br />Bertrading Forex memang berlangsung 24 jam non stop mulai berjalan dari market Australia sekitar pukul 04:00 WIB Dini hari lalu berlanjut pada pembukaan market Jepang mulai pukul 07:00 WIB pagi diteruskan pembukaan market eropa pada pukul 14:30 WIB sore hari dan diakhiri pada market Amerika yang buka pada jam 20:30 WIB malam dan ditutup sekitar jam 04:30 WIB dini hari.<br /></div><br /><div style="text-align: justify;">Berdasarkan pada pengalaman, peran waktu atau sesi bertrading sangat berpengaruh pada hasil akhir kita menang atau kalah. Sekilas secara garis besar harga berjalan datar pada sepanjang pagi sampai sore hari waktu Indonesia bagian barat. Baru pada sesi market Eropa biasanya harga mulai menggeliat dan terbentuk dan puncaknya pada sesi market Amerika. Pada sesi market Amerika ada peluang besar untuk mendapat keuntungan besar dengan waktu singkat asalkan kita bisa memposisikan diri secara tepat.<br /><br /><span style="font-weight: bold;">Cara menentukan posisi Buy atau Sell</span><br />Setelah memperhatikan fenomena diatas maka sebaiknya kita bertrading pada waktu sesi market Amerika saja. Langkah pertama adalah menghitung range harga high-low masing-masing pairs mata uang pada hari itu.<br /></div><br /><div style="text-align: justify;"><span style="font-weight: bold;">Ada 4 macam mata uang yang umum diperdagangkan yaitu:</span><br /><br />EURO – USD: Merupakan mata uang Negara uni eropa<br />GBP - USD: Merupakan mata uang Negara Inggris<br />USD - JPY: Merupakan mata uang Negara Jepang<br />USD -CHF: Merupakan mata uang Negara Swiss<br /><br /><span style="font-weight: bold;">Berdasarkan pengamatan rata-rata range harian</span><br />Cara menghitungnya selisih data High-Low setiap hari selama 1 bulan dibagi 22 hari kerja<br /><br />EURO – USD: 115 POINT<br />GBP - USD: 150 POINT<br />USD - JPY: 90 POINT<br />USD -CHF: 130 POINT<br /><br />Angka-angka diatas tidaklah mutlak baku tapi paling tidak jika pada saat kita akan entry dan range sudah sejumlah rata-rata tersebut paling tidak kita sudah pada jalan yang benar walaupun belum menjamin 100% kemenangan.<br /><br />Jika kita perhatikan lebih seksama ada suatu pola tertentu yang saling berkaitan pada ke empat pasangan mata uang tersebut yaitu mata uang EURO-USD dan GBP-USD biasanya berjalan seiring berbanding terbalik dengan mata uang USD-JPY dan USD-CHF. Jika mata uang EURO-USD dan GBP-USD menguat maka biasanya mata Uang USD-JPY dan USD-CHF melemah . Demikian pula sebaliknya.<br /></div><br /><div style="text-align: justify;">Tetapi perlu disimak lebih lanjut hal tersebut tidak selalu berjalan sesuai kejadian diatas ada kalanya salah satu nya bertahan sedangkan mata uang yang lainnya mengikuti pola yang sesuai biasanya. Jika terjadi demikian maka ada kemungkinan salah satu mata uang yang tertahan pergerakannya tersebut (mata uang yang berpola tidak seperti biasanya) telah berada pada titik terendah atau titik tertinggi harian dan telah mempunyai range harian yang sudah matang (sudah mendekati sama dengan atau lebih sedikit dari rata-rata range harian mata uang tersebut).<br /><br />Tidak ada aturan khusus yang menyebutkan bahwa salah satu pasangan mata uang lebih gampang diperdagangkan semuanya mempunyai peluang yang sama hanya saja ada baiknya jika kita menyesuaikan dengan kekuatan margin kita.<br /><br />Pergerakan pasangan mata uang Euro-Usd dan Usd-Jpy lebih stabil dengan kisaran range yang sekitar 100 poinan hal ini tentu saja menjadi lebih aman dimainkan dengan modal margin kita yang kecil dibandingkan dengan pasangan mata uang GBP-USD dan USD-CHF yang berkisar pada angka 200 poinan.<br /><br />Dari kejadian yang telah saya amati dapat saya ambil kesimpulan bahwa sebenarnya uang atau modal spekulan kelas kakap seperti George Soros hanya diputarkan pada 4 pasang mata uang tersebut saja dimana selalu berusaha menyeimbangkan volume dan harga dari mata uang tersebut supaya pada akhir penutupan berjalan seimbang sesuai dengan rata-rata range high – low harian.<br /><br />Arah pergerakan harga sebenarnya sudah terbaca dari pergerakan harga masing masing pasangan mata uang tersebut. Masalah pendekatan analisa secara fundamental dengan mencermati berita-berita ekonomi sebenarnya sudah tercermin dari pergerakan harga.<br /><br />Saya membaca jadwal kalender berita ekonomi hanya untuk melihat jam-nya saja misalnya ada pengumuman berita ekonomi tertentu pada jam sekian. Berarti paling tidak mendekati jam tersebut akan besar kemungkinan terjadi perubahan harga secara ekstrem. Dengan kita mengetahui kira-kira kapan akan adanya pergerakan harga secara ekstrem paling tidak kita telah berhemat waktu dan tidak perlu seharian mengamati pergerakan harga di layar monitor. Kecuali kalau hal tersebut memang merupaka suatu hoby itu tentu saja tidak menjadi masalah bagi anda.<br /><br />Bertrading sebaiknya mengikuti keadaan lapangan yang terjadi pada saat itu. Terlalu beresiko jika kita berusaha memprediksikan bahwa pada harga sekian akan terjadi bullish / bearish. Saran kedua, tunggu keadaan dan masuk begitu kesempatan benar-benar telah datang. Kunci utama lainnya tungguin trading anda sendiri.<br /><br />Bertrading harus disiplin mengikuti sistem atau pola yang telah kita tentukan. Keserakahan dapat berakibat fatal saya rasa dengan 1 hari dapat mengantongi 30 – 50 point sudah cukup. Banyak kekalahan besar yang terjadi dari akibat keteledoran yang sepele.<br /><br />Menentukan entry bisa dilakukan dengan atau tanpa bantuan chart ( Grafik ). Yang menjadi dasar pengambilan keputusan adalah harga tertinggi atau terendah range harian. Misalkan harga bergerak pada saat itu mendekati harga tertinggi pada hari itu, tunggulah dulu biasanya harga bergerak akan terus berusaha menembus harga tertinggi pada hari itu. Perhatikan range hariannya. Misalnya untuk mata uang EURO-USD range hariannya pada saat kita akan entry sudah mencapai 98 point besar kemungkinan harga tertinggi pada hari itu akan tertembus sampai beberapa point lagi diatasnya sebelum kemudian akhirnya harga berbalik arah karena aksi profit taking.<br /><br />Jika anda tergolong seorang Risk Taker, sebenarnya bisa saja anda memanfaatkan keuntungan sewaktu terjadi koreksi harga tersebut dan anda bisa memetik 2 keuntungan sekaligus sewaktu harga terkoreksi naik sebentar sebelum akhirnya mengalami reversal ( pembalikan harga. ) hal ini bisa saja dilakukan tetapi saya tidak menyarankan untuk digunakan oleh pemula jika anda masih merasa belum begitu mengenal situasi pasar maka sebaiknya anda berlatih dahulu di rekening virtual anda dahulu sampai anda benar-benar menguasainya.<br /></div><br /><div style="text-align: justify;">Dan jangan lupa pula perhatikan juga mata uang yang menjadi lawan mata uang yang kita pegang tersebut misalnya karena pada contoh kasus ini kita memegang mata uang EURO-USD maka perhatikan pula mata uang lawannya misalnya USD-JPY seharusnya pada saat yang sama USD-JPY juga akan berusaha menyentuh titik terendah sebelum pada akhirnya berbalik arah<br /><br />Dengan memanfaatkan grafik pun kita bisa memperoleh informasi yang cukup jelas lagi jika anda pengguna software metatrader, cukup perhatikan pada time frame 5 menit & 15 menit saja. Indicator yang digunakan cukup Bollinger bands saja dan jika masih kurang yakin gunakan indicator tambahan yaitu RSI dengan seting periodenya 6.<br /><br />Tetapi sekali lagi yang perlu diingat dasar utamanya adalah range harian High dan Low!<br /><br />Jika telah terjadi break High ataupun break low baru anda perhatikan grafik candle stick anda terutama fokuskan pada frame 5 menit. Ini berguna supaya entry anda benar-2x persisi dan akurat pada harga serendah-rendahnya atau setinggi-tingginya.<br /><br />Banyak orang yang justru terjebak pada pemfokusan grafik misalnya garis Moving average sudah cross atau sebagainya tetapi sebenarnya pada waktu itu range harga belum terbentuk secara matang, tentu saja hal tersebut bisa menjadi sangat riskan. Sekali lagi saya tekankan perlunya anda memperhatikan range harga yang sudah terbentuk.<br /></div><br /><div style="text-align: justify;">Penggunaan garis pivot point support dan resistance pun bisa anda memanfaatkan untuk perbandingan mempertajam keputusan yang akan diambil. tetapi ingat sekali lagi patokan range hargalah yang menjadi fokusnya jangan anda menjadi rancu atau bingung karena segala macam indicator tersebut.<br /><br />Misalnya mata uang EURO-USD sudah menembus break high perhatikan pada chart 5 menit anda candle stick akan telah menyentuh garis Bollinger bands bagian atas bahkan mungkin lebih tunggu dahulu sampai benar-benar telah mencapai puncaknya untuk lebih meyakinkan lagi konfirmasikan dengan time frame 15 menit baru setelah dirasakan adanya gejala reversal atau pembalikan maka baru anda melakukan entry<br /></div><br /><div style="text-align: justify;">Pergerakan harga merupakan suatu hal yang kompleks yang melibatkan keempat pasangan mata uang tersebut satu sama lainnya. Hal ini tidak bisa dijelaskan secara detail. Demikian pula penentuan overbought ataupun oversold tidak mutlak berpedoman pada chart frame 5 menit atau 15 menit hal ini akan anda peroleh sendiri dengan jalan sering berlatih gunakanlah logika anda maka hal yang luar biasa akan anda dapatkan.<br /><br />Saya ingin menjelaskan secara tertulis ataupun lisan tapi memang hal ini tidak bisa dijelaskan begitu saja sama saja seperti saya misalnya memberitahukan kepada anda harumnya bunga melati. Kita tidak bisa bukan untuk mendiskripsikan dengan kata-kata atau tulisan jalan satu-satunya supaya anda tahu ya cium dan rasakan sendiri harumnya.<br /><br />Pelajari pergerakan ke 4 pasang mata uang tersebut EURO-USD, GBP-USD, USD-JPY dan USD-CHF disitulah letak kunci jawaban kemenangan anda.<br /></div><br /><div style="text-align: justify;">Perhatikan contoh gambar berikut, Pada kasus ini anda memperoleh selisih range 190 poin Wow!!<br /></div><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://photos1.blogger.com/blogger/2256/2081/1600/Untitled-1.jpg"><img style="cursor: pointer;" src="http://photos1.blogger.com/blogger/2256/2081/320/Untitled-1.jpg" alt="" border="0" /></a><br /><br /><br /><div style="text-align: justify;">Bertrading bukanlah suatu ilmu pasti 1+1=2 jadi jangan sia-siakan uang anda untuk kursus-kursus yang menjanjikan keuntungan trading secara pasti kalau memang kursus tersebut pasti bisa menjamin kesuksesan anda bertrading ngapain mereka masih sibuk buka usaha kursus bukankah lebih baik mengurusi trading mereka sendiri?<br /><br />Kunci utamanya seringlah berlatih. Segala bacaan atau ilmu dapat anda peroleh secara gratis lewat googling browsing di internet atau bertukar pikiran dengan rekan-rekan millis<br /><br />Trick diatas juga tidak menjanjikan keuntungan yang pasti tetapi paling tidak dengan menerapkan logika diatas anda sudah berada pada jalur yang tepat dan anda tidak bertrading secara buta. Anda sudah mendapatkan dasar dalam pengambilan suatu keputusan. Semoga masukan dari saya bisa memberi kesuksesan bagi kita semua.<br /><br /><span style="font-weight: bold;">Management Resiko</span><br />Yang namanya salah analisa atau perhitungan sangat wajar terjadi pada saat bertrading salah satu yang paling penting adalah margin anda. Trading yang aman sebaiknya hanya menggunakan 10-20% dari margin anda sisanya sangat diperlukan untuk menghadapi hal-hal yang terjadi diluar dugaan. Atau kalau tidak mau pusing jalan paling sederhana adalah melakukan cut loss.<br /><br />Langkah pertama yang akan dibahas adalah melakukan tindakan average misalnya anda mengalami loss sampai dengan 50 point atau bahkan lebih tetaplah bersikap tenang tetap pada pedoman yang utama ambil tindakan berpedoman pada harga high atau low harian beraksi jika harga telah matang walaupun posisi masih kalah usahakan equity anda terus bertambah sehingga paling tidak anda memperoleh hasil impas dan modal awal anda tidak kena makan.<br /></div><br /><div style="text-align: justify;">Langkah kedua adalah tindakan locking atau hedging tindakan ini maksudnya untuk membatasi kerugian anda agar tidak terus membengkak bersabarlah dan tetap berfikir tenang maka kekusutan ini akan dapat diselesaikan dengan cantik dan anda bisa tetap memperoleh keuntungan manfaatkan virtual account untuk belajar memanagement resiko anda.<br /><br />Langkah ketiga adalah cutt loss hal ini tidak perlu dibahas lebih dalam karena sangat simple hanya anda akan mengalami kerugian sekian poin sesuai dengan apa yang anda mampu terima.<br /><br />Dalam melakukan management resiko sangat diperlukan ketenangan sikap. Keputusan entry tetap berpedoman pada harga high dan low biarpun pada saat anda melihat minus pointnya sudah besar, tapi berpikirlah seolah anda masih tidak ada minus yang dikhawatirkan akibat panik anda langsung me-locking atau me-average posisi anda padahal harga bergerak saat itu belum matang akibatnya bisa tambah runyam.<br /><br />Point utamanya adalah usahakan agar equity awal anda tidak berkurang akibat kesalahan menganalisa bayarlah kerugian point anda dengan point yang anda peroleh kembali dari trading yang baru.<br /><br /><span style="font-weight: bold;">Contoh kasus hari Senin 5 Desember 2005</span><br /><br />Tema : Akibat serakah<br />Pairs: GBP-USD<br /></div><br /><div style="text-align: justify;">Senin sekitar jam 23:00-24:00<br />Harga tick 1.7394 harga High di 1.7416 sudah koreksi turun ke 1.7364 balik kembali menuju ke 1.17390 an bergerak seakan susah menembus ke 1.7390 harga bergerak di kisaran 1.7385-1.7390 an bahkan cenderung untuk turun semua indikataor dan analisa chart juga menunjukan signal bearish range harga pun sudah dirasakan cukup matang di 140 an point.<br /><br />Kondisi USD-CHF juga sudah stabil nilai range USD-CHF juga dirasakan sudah matang karena sudah mencapai 140 poinan Hanya USD-JPY yang dirasakan masih kurang.<br /><br />Hal seperti ini rawan dan memicu untuk segera mengambil posisi walaupun sebenarnya harga masih bisa naik lagi tapi kesimpulan kita ini Cuma koreksi saja dan akhirnya ternyata harga di swing ke atas break high terus sampai mencapai puncak ke 1.7440 an.<br /><br />Kejadian seperti diatas bisa menimbulkan loss yang cukup besar sebenarnya asal sabar masih bisa dicegah hanya saja kemampuan kita menahan emosi yang masih sangat minim sehingga mengakibatkan mengambil keputusan secara terburu-buru.<br /><br />Jika anda bersabar dan tidak serakah pada hasil trading beberapa menit yang lalu sebenarnya anda sudah mengantongi kemenangan sekitar 30 poin persis seperti target. Dalam kasus ini kemampuan mengontrol dirilah yang menjadi factor loss atau profitnya.<br /><br /><span style="font-weight: bold;">Kesalahan fatal yang terus berlanjut</span><br />Begitu mendapati harga terus naik mungkin anda mencoba mengaveragenya namun tindakan ini terlalu dini karena anda mengaveragenya pas sudah pagi masuk sesi Australia-Jepang. Peraturan basic harus diingat bertradinglah di market Amerika karena di market Amerikalah pergerakan harga yang sebenarnya terbentuk.<br /><br /><span style="font-weight: bold;">Apa dasar saya mengambil keputusan entry?</span><br />Coba anda renungkan kembali pertanyaan diatas sebaik-baiknya!<br />Apakah karena chart candle stick apakah karena tehnikal indicator yang sudah konfirm? Sedangkan banyak diantara kita bahkan saya sendiri yang masih bingung mengadopsi time frame yang tepat 1 menit, 5 menit, 15 menit, 30 menit, 1 jam, 4 jam, daily, weekly, monthly?<br /><br />Sedangkan jika di cermati indicator tehnikal juga mengkonfirmasikan secara berlainan pada setiap time framenya jadi mana yang benar? Saya juga bingung. Memang factor range bisa saja terjadi miss tapi apakah factor analisa candle stick dan tehnikal indicator lainnya juga bisa menjamin tidak pernah miss?<br /></div><br /><div style="text-align: justify;"><span style="font-weight: bold;">Bagaimana bisa saya tahu harga yang sudah saya dapatkan sudah tergolong cukup tinggi?</span><br />Anda hitung range rata-rata harian pasangan mata uang yang anda mainkan. Misalnya Euro-Usd rata-2x rangenya 115 poinan waktu anda akan entry anda sudah menghitung dan ternyata range sudah berada pada kisaran 112 poin sedangkan harga berjalan saat ini hanya selisih kurang 3 poin dari harga tertinggi ini sudah bisa dikatakan anda sudah memperoleh harga yang cukup tinggi bukan.<br /><br />Sesial-sialnya anda, misalnya harga masih bisa naik lagi paling hanya selisih 20 poinan lagi tidak sampai kena sampai ratusan poin bukan.<br /><br />Secara logika sederhana seandainya anda sudah mendapat harga yang sudah tergolong paling tinggi misalnya. Memang ada kemungkinan harga bisa naik lebih tinggi lagi tapi minimal selisihnya sudah tidak terlalu banyak bukan.<br /><br />Contoh :<br />EURO-USD rata-rata range hariannya 115 poin<br /><br /><span style="font-weight: bold;">Waktu anda akan masuk market</span><br />High : 1.1804<br />Low : 1.1690<br />Harga tick bergerak saat itu: 1.1802<br />High – Low = 114 poin<br />Selisih dari harga High ke harga Tick = 2 point<br /><br />Anda memutuskan untuk entry sell EURO-USD bisa jadi harga akan terus bergerak naik misalnya sampai ke 1.1815. Anda akan mengalami minus 13 point tetapi jika benar terjadi demikian artinya sudah bisa dikatakan tidak mungkin lagi anda sampai mengalami minus sampai 50 point ke atas karena range harganya pun saat anda masuk sudah diatas rata-rata.<br /><br />Hal ini berbeda jika anda berpedoman pada indicator tehnikal RSI atau apalah yang lainnya itu saya yakin pada saat harga 1.1780 an saja sudah masuk ke indicator overbought dan bagi anda yang tidak mengetahui trick ini sudah memutuskan untuk entry dan pas harga di swing oleh market menuju ke 1.1815 anda sudah berkeringat dingin bukan? Bahkan mungkin anda sudah memutuskan untuk cutt loss.<br /></div><br /><div style="text-align: justify;"><span style="font-weight: bold;">Rahasia 4 Unsur</span><br />Dalam bertrading forex ada 4 macam pair Major seperti yang sudah dibahas diatas. Dalam pengamatan saya ke 4 unsur ini satu sama lain saling berkaitan dimana terdapat fenomena misalnya jika Euro-USD dan GBP-USD naik maka USD-CHF dan USD-JPY menurun mungkin sebagian dari pembaca sudah mengerti akan hal ini.<br /><br />Tapi jika diperhatikan lebih lanjut lagi ada suatu keanehan yang kadang muncul, dimana salah satu pasangan mata uang tetap bertahan atau Cuma berjalan di tempat saja naik 5-10 point lalu turun lagi 5-10 poin.<br /><br />Segera cek masing-masing range ke 4 pairs tersebut biasanya pasti salah satunya sedang berada dalam kondisi belum balance dan sedang berusaha menyesuaikan ketertinggalan rangenya sementara yang lainnya tetap berusaha menjaga kestabilan harga high atau lownya supaya tidak terlalu over.<br /><br />Memang sedikit membingungkan dan sukar diceritakan secara tertulis hal ini bisa anda pelajari dengan berlatih membaca pergerakan major pairs tersebut gunakan logika maka akan anda temukan kuncinya.<br /><br /><span style="font-weight: bold;">Menghindari Signal palsu</span><br />Salah satu kekurangan tehnikal indicator dan charting grafik adalah kurang bisa mendeteksi signal palsu tampilan grafik dan tehnikal indicator seolah-olah sudah menunjukan overbought misalnya. Tapi pada kenyataanya harga terus melambung tinggi seolah sudah tidak peduli lagi pada segala macam aturan standart.<br /><br />Keunggulan tehnik analisa Range point adalah bisa mengantisipasinya sehingga kita tidak termakan jebakan market atau Bandar. Memang tidak ada bukti nyata bahwa ke empat pasangan major pairs tersebut berkaitan tetapi berdasarkan dari pengalaman dan pengamatan semua menunjukan bahwa memang ada kaitannya.<br /><br /><span style="font-weight: bold;">Posisi ideal adalah saat kedua pasangan pairs tersebut sudah konfirm.</span><br />Contoh:<br />Anda open posisi sell EURO-USD lalu perhatikan lawannya misalnya USD-JPY. Pada saat EURO-USD reversal seharusnya USD-JPY juga mengalami reversal pula. Jika anda entry pada saat sudah terjadi hal demikian bisa hampir dipastikan 99% anda pasti menang mengantongi paling sedikitnya 10 point. Yang harus diingat adalah tidak selamanya misalnya EURO-USD berlawanannya dengan USD-JPY bisa jadi EURO-USD berlawanan dengan USD-CHF. Pokoknya salah satu diantara 2 pairs tersebut.<br /><br />Seandainya terjadi hal yang abnormal misalnya, justru EURO-USD berlawanan dengan GBP-USD maka saya sarankan wait and see dulu mungkin pasar / Bandar sedang merencanakan sesuatu hal.<br /><br />Hal tersebut tidak akan anda dapatkan kalau hanya mengandalkan chart grafik atau tehnikal indicator.<br /><br /><span style="font-weight: bold;">Prinsip keseimbangan</span><br />Ke 4 major pair tersebut selamanya berusaha saling menseimbangkan hal ini tidak bisa dijelaskan perkata saya harap anda bisa membacanya. Cara membacanya adalah berpikirlah secara logika jangan terfokus hanya kepada salah satu pasangan mata uang saja.<br /><br />Demikian, Semoga Bermanfaat.<br /></div><br /><br /><span style="color: rgb(51, 51, 255); font-weight: bold;">Cheers,<br /></span><br /><br /><span style="font-weight: bold;">Lusiana Khairyan Yanis</span><br /><a href="http://lusiana-forex.blogspot.com">http://lusiana-forex.blogspot.com</a>Lusia Mulianahttp://www.blogger.com/profile/16443743828948115938noreply@blogger.com1tag:blogger.com,1999:blog-20678416.post-1136701801535376272006-01-07T22:23:00.000-08:002006-01-15T21:35:33.886-08:00Glossary<div style="text-align: justify;"><span style="font-weight: bold; color: rgb(0, 0, 153);">Glossary of Terms in Forex </span><br /><br /><span style="color: rgb(255, 0, 0);" class="subtitle">A</span> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para"><span style="color: rgb(51, 102, 255);">Accrual</span>: </span><span class="NAMED-para">The apportionment of premiums and discounts on forward exchange transactions that relate directly to deposit swap (Interest Arbitrage) deals, over the period of each deal.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Actualize: </span><span class="NAMED-para">The underlying assets or instruments which are traded in the cash market.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Adjustable Peg: </span><span class="NAMED-para">Term for an exchange rate regime where a country's exchange rate is "pegged" (i.e. fixed) in relation to another currency, often the dollar or French Franc, but where the rate may be changed from time to time. This was the basis of the Bretton Woods system. See peg, and crawling peg.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Adjustment: </span><span class="NAMED-para">Official action normally by either change in the internal economic policies to correct a payment imbalance or in the official currency rate or.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Agent Bank: </span><span class="NAMED-para">(1) A bank acting for a foreign bank. (2) In the Euro market - the agent bank is the one appointed by the other banks in the syndicate to handle the administration of the loan.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Aggregate Demand: </span><span class="NAMED-para">Total demand for goods and services in the economy. It includes private and public sector demand for goods and services within the country and the demand of consumers and and firms in other countries for good and services.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Aggregate Risk: </span><span class="NAMED-para">Size of exposure of a bank to a single customer for both spot and forward contracts.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Aggregate Supply: </span><span class="NAMED-para">Total supply of goods and services in the economy from domestic sources (including imports) available to meet aggregate demand.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Agio: </span><span class="NAMED-para">Difference in the value between currencies. Also used to describe percentage charges for conversion from paper money into cash, or from a weak into a strong currency.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Appreciation: </span><span class="NAMED-para">Describes a currency strengthening in response to market demand rather than by official action.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Arbitrage: </span><span class="NAMED-para">The simultaneous purchase and sale on different markets, of the same or equivalent financial instruments to profit from price or currency differentials. The exchange rate differential or Swap points. May be derived from Deposit Rate differentials.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Arbitrage Channel: </span><span class="NAMED-para">The range of prices within which there will be no possibility to arbitrage between the cash and futures market.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Around: </span><span class="NAMED-para">Used in quoting forward "premium / discount". "Five-five around" would mean five point on either side of the present spot value.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Asset Allocation: </span><span class="NAMED-para">Dividing instrument funds among markets to achieve diversification or maximum return.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Ask: </span><span class="NAMED-para">The price at which the currency or instrument is offered.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Asset: </span><span class="NAMED-para">In the context of foreign exchange is the right to receive from a counterparty an amount of currency either in respect of a balance sheet asset (e.g. a loan) or at a specified future date in respect of an unmatched forward Forward or spot deal.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">At Best: </span><span class="NAMED-para">An instruction given to a dealer to buy or sell at the best rate that can be obtained.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">At or Better: </span><span class="NAMED-para">An order to deal at a specific rate or better.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Authorized Dealer: </span><span class="NAMED-para">A financial institution or bank authorized to deal in foreign exchange.</span></p><div style="text-align: justify;"> <a name="B"></a> </div><p style="text-align: justify; color: rgb(255, 0, 0);" class="subtitle"><span class="subtitle">B</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Back Office: </span><span class="NAMED-para">Settlement and related processes.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Backwardation: </span><span class="NAMED-para">Term referring to the amount that the spot price exceeds the forward price.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para"><span style="color: rgb(51, 102, 255);">Balance of Payments</span>: </span><span class="NAMED-para">A systematic record of the economic transactions during a given period for a country. (1) The term is often used to mean either: (i) balance of payments on "current account"; or (ii) the current account plus certain long term capital movements. (2) The combination of the trade balance, current balance, capital account and invisible balance, which together make up the balance of payments total. Prolonged balance of payment deficits tend to lead to restrictions in capital transfers, and or decline in currency values.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Band: </span><span class="NAMED-para">The range in which a currency is permitted to move. A system used in the ERM.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Bank Line: </span><span class="NAMED-para">Line of credit granted by a bank to a customer, also known as a "line".</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Bank Rate: </span><span class="NAMED-para">The rate at which a central bank is prepared to lend money to its domestic banking system.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Base Currency: </span><span class="NAMED-para">The currency in which the operating results of the bank or institution are reported.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Basis: </span><span class="NAMED-para">The difference between the cash price and futures price.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Basis Point: </span><span class="NAMED-para">One per cent of one per cent.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Basis Trading: </span><span class="NAMED-para">Taking opposite positions in the cash and futures market with the intention of profiting from favorable movements in the basis.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Basket: </span><span class="NAMED-para">A group of currencies normally used to manage the exchange rate of a currency. Sometimes referred to as a unit of account.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Bear Market: </span><span class="NAMED-para">A prolonged period of generally falling prices.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para"><span style="color: rgb(51, 102, 255);">Bear</span>: </span><span class="NAMED-para">An investor who believes that prices are going to fall.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para"><span style="color: rgb(51, 102, 255);">Bid</span>: </span><span class="NAMED-para">The price at which a buyer has offered to purchase the currency or instrument.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Book: </span><span class="NAMED-para">The summary of currency positions held by a dealer, desk, or room. A total of the assets and liabilities. If the average maturity of the book is less than that of the assets, the bank is said to be running a short and open book. Passing the Book refers normally to transferring the trading of the Banks positions to another office at the close of the day, e.g. from London to New York.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Bretton Woods: </span><span class="NAMED-para">The site of the conference which in 1944 led to the establishment of the post war foreign exchange system that remained intact until the early 1970s. The conference resulted in the formation of the IMF. The system fixed currencies in a fixed exchange rate system with 1% fluctuations of the currency to gold or the dollar.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Broker: </span><span class="NAMED-para">An agent, who executes orders to buy and sell currencies and related instruments either for a commission or on a spread. Brokers are agents working on commission and not principals or agents acting on their own account. In the foreign exchange market brokers tend to act as intermediaries between banks bringing buyers and sellers together for a commission paid by the initiator or by both parties. There are four or five major global brokers operating through subsidiaries affiliates and partners in many countries.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para"><span style="color: rgb(51, 102, 255);">Bull Market:</span> </span><span class="NAMED-para">A prolonged period of generally rising prices.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Bull: </span><span class="NAMED-para">An investor who believes that prices are going to rise.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Bundesbank: </span><span class="NAMED-para">Central Bank of Germany.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Buying Rate: </span><span class="NAMED-para">Rate at which the market and a market maker in particular is willing to buy the currency. Sometimes called bid rate.</span></p><div style="text-align: justify;"> <a name="C"></a> </div><p style="text-align: justify; color: rgb(255, 0, 0);" class="subtitle"><span class="subtitle">C</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para"><span style="color: rgb(51, 102, 255);">Cable</span>: </span><span class="NAMED-para">A term used in the foreign exchange market for the US Dollar / British Pound rate.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Capital Risk: </span><span class="NAMED-para">The risk arising from a bank having to pay to the counter party with out knowing whether the other party will or is able to meet its side of the bargain. see Herstatt.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Carry: </span><span class="NAMED-para">The interest cost of financing securities or other financial instruments held.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Cash Delivery: </span><span class="NAMED-para">Same day settlement.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Cash Market: </span><span class="NAMED-para">The market in the actual financial instrument on which a futures or options contract is based.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Cash: </span><span class="NAMED-para">Cash normally refers to an exchange transaction contracted for settlement on the day the deal is struck. This term is mainly used in the North American markets and those countries which rely for foreign exchange services on these markets because of time zone preference i.e. Latin America. In Europe and Asia, cash transactions are often referred to as value same day deals.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Cash and Carry: </span><span class="NAMED-para">The buying of an asset today and selling a future contract on the asset. A reverse cash and carry is possible by selling an asset and buying a future.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Cash Settlement: </span><span class="NAMED-para">A procedure for settling futures contract where the cash difference between the future and the market price is paid instead of physical delivery.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para"><span style="color: rgb(51, 51, 255);">Central Bank</span>: </span><span class="NAMED-para">A bank which is responsible for controlling a countries monetary policy. It is normally the issuing bank and controls bank licensing, and any foreign exchange control regime.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Central Rate: </span><span class="NAMED-para">Exchange rates against the ECU adopted for each currency within the EMS. Currencies have limited movement from the central rate according to the relevant band.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Chartist: </span><span class="NAMED-para">An individual who studies graphs and charts of historic data to find trends and predict trend reversals which include the observance of certain patterns and characteristics of the charts to derive resistance levels, head and shoulders patterns, and double bottom or double top patterns which are thought to indicate trend reversals.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Clean Float: </span><span class="NAMED-para">An exchange rate that is not materially effected by official intervention.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Closed Position: </span><span class="NAMED-para">A transaction which leaves the trade with a zero net commitment to the market with respect to a particular currency.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para"><span style="color: rgb(51, 102, 255);">Commission</span>: </span><span class="NAMED-para">The fee that a broker may charge clients for dealing on their behalf.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Confirmation: </span><span class="NAMED-para">A memorandum to the other party describing all the relevant details of the transaction.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Contract: </span><span class="NAMED-para">An agreement to buy or sell a specified amount of a particular currency or option for a specified month in the future (See Futures contract).</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Conversion Account: </span><span class="NAMED-para">A general ledger account representing the uncovered position in a particular currency. Such accounts are referred to as Position Accounts.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Conversion: </span><span class="NAMED-para">The process by which an asset or liability denominated in one currency is exchanged for an asset or liability denominated in another currency.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Conversion Arbitrage: </span><span class="NAMED-para">A transaction where the asset is purchased and buys a put option and sells a call option on the asset purchased, each option having the same exercise price and expiry.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Convertible Currency: </span><span class="NAMED-para">A currency that can be freely exchanged for another currency (and or gold) without special authorization from the central bank.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Copey: </span><span class="NAMED-para">Slang for the Danish krone.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Correspondent Bank: </span><span class="NAMED-para">The foreign banks representative who regularly performs services for a bank which has no branch in the relevant centre, e.g. to facilitate the transfer of funds. In the US this often occurs domestically due to inter state banking restrictions.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Counterparty: </span><span class="NAMED-para">The other organisation or party with whom the exchange deal is being transacted.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Countervalue: </span><span class="NAMED-para">Where a person buys a currency against the dollar it is the dollar value of the transaction.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Country Risk: </span><span class="NAMED-para">The risk attached to a borrower by virtue of its location in a particular country. This involves examination of economic, political and geographical factors. Various organisations generate country risk tables.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Cover: </span><span class="NAMED-para">(1) To take out a forward foreign exchange contract. (2) To close out a short position by buying currency or securities which have been sold.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Covered Arbitrage: </span><span class="NAMED-para">Arbitrage between financial instruments denominated in different currencies, using forward cover to eliminate exchange risk.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Covered Margin: </span><span class="NAMED-para">The interest rate margin between two instruments denominated in different currencies after taking account of the cost of forward cover.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Crawling Peg: </span><span class="NAMED-para">A method of exchange rate adjustment; the rate is fixed / pegged, but adjusted at certain intervals in line with certain economic or market indicators.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Credit Risk: </span><span class="NAMED-para">The risk that a debtor will not repay; more specifically the risk that the counterparty does not have the currency promised to be delivered.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Cross Deal: </span><span class="NAMED-para">A foreign exchange deal entered into involving two currencies, neither of which is the base currency.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Cross Rates: </span><span class="NAMED-para">Rates between two currencies, neither of which is the US Dollar.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Current Account: </span><span class="NAMED-para">The net balance of a country's international payment arising from exports and imports together with unilateral transfers such as aid and migrant remittances. It excludes capital flows.</span></p><div style="text-align: justify;"> <a name="D"></a> </div><p style="text-align: justify; color: rgb(255, 0, 0);" class="subtitle"><span class="subtitle">D</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Day Trader: </span><span class="NAMED-para">Speculators who take positions in commodities which are then liquidated prior to the close of the same trading day.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Deal Date: </span><span class="NAMED-para">The date on which a transaction is agreed upon.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Deal Ticket: </span><span class="NAMED-para">The primary method of recording the basic information relating to a transaction.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Dealer: </span><span class="NAMED-para">An individual or firm acting as a principal, rather than as an agent, in the purchase and / or sale of securities. Dealers trade for their own account and risk.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Deflator: </span><span class="NAMED-para">Difference between real and nominal Gross National Product, which is equivalent to the overall inflation rate.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Delivery Date: </span><span class="NAMED-para">The date of maturity of the contract, when the exchange of the currencies is made This date is more commonly known as the value date in the FX or Money markets.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Delivery Risk: </span><span class="NAMED-para">A term to describe when a counterparty will not be able to complete his side of the deal, although willing to do so.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Depreciation: </span><span class="NAMED-para">A fall in the value of a currency due to market forces rather than due to official action.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Desk: </span><span class="NAMED-para">Term referring to a group dealing with a specific currency or currencies.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Details: </span><span class="NAMED-para">All the information required to finalize a foreign exchange transaction, i.e. name, rate, dates, and point of delivery.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Devaluation: </span><span class="NAMED-para">Deliberate downward adjustment of a currency against its fixed parities or bands, normally by formal announcement.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Direct Quotation: </span><span class="NAMED-para">Quoting in fixed units of foreign currency against variable amounts of the domestic currency.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Dirty Float: </span><span class="NAMED-para">Floating a currency when the rate is controlled by intervention by the monetary authorities.</span></p><div style="text-align: justify;"> <a name="E"></a> </div><p style="text-align: justify; color: rgb(255, 0, 0);" class="subtitle"><span class="subtitle">E</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Easing: </span><span class="NAMED-para">Modest decline in price.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Economic Indicator: </span><span class="NAMED-para">A statistics which indicates current economic growth rates and trends such as retail sales and employment.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">ECU: </span><span class="NAMED-para">European Currency Unit.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">EDI: </span><span class="NAMED-para">Electronic Data Interchange.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Effective Exchange Rate: </span><span class="NAMED-para">An attempt to summarize the effects on a country's trade balance of its currency's changes against other currencies.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">EFT: </span><span class="NAMED-para">Electronic Fund Transfer.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">EMS: </span><span class="NAMED-para">European Monetary System.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">European Monetary System: </span><span class="NAMED-para">A system designed to stabilize if not eliminate exchange risk between member states of the EMS as part of the economic convergence policy of the EU. It permits currencies to move in a measured fashion (divergence indicator) within agreed bands (the parity grid) with respect to the ECU and consequently with each other.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Exchange Control: </span><span class="NAMED-para">A system of controlling inflows and out flows of foreign exchange, devices include licensing multiple currencies, quotas, auctions, limits, levies and surcharges.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Exotic: </span><span class="NAMED-para">A less broadly traded currency.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Exposure: </span><span class="NAMED-para">(i) Net working capital - The current assets in a foreign currency minus current liabilities in the currency; (ii) Net financial method The current assets in a foreign currency minus current liabilities and long term debt in the currency; (iii) Monetary / non-monetary method - Monetary assets and liabilities in the foreign currency are valued at present exchange rates, while non-monetary items are entered at the relevant historic rates.</span></p><div style="text-align: justify;"> <a name="F"></a> </div><p style="text-align: justify; color: rgb(255, 0, 0);" class="subtitle"><span class="subtitle">F</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Fast Market: </span><span class="NAMED-para">Rapid movement in a market caused by strong interest by buyers and / or sellers. In such circumstances price levels may be omitted and bid and offer quotations may occur too rapidly to be fully reported.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Fed Fund Rate: </span><span class="NAMED-para">The interest rate on Fed funds. This is a closely watched short term interest rate as it signals the Feds view as to the state of the money supply.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para"><span style="color: rgb(51, 102, 255);">Fed</span>: </span><span class="NAMED-para">The United States Federal Reserve. Federal Deposit Insurance Corporation Membership is compulsory for Federal Reserve members. The corporation had deep involvement in the Savings and Loans crisis of the late 80s.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Federal Reserve System: </span><span class="NAMED-para">The central banking system of the US comprising 12 Federal Reserve Banks controlling 12 districts under the Federal Reserve Board. Membership of the Fed is compulsory for banks chartered by the Comptroller of Currency and optional for state chartered banks.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Fill or Kill: </span><span class="NAMED-para">An order which must be entered for trading, normally in a pit three times, if not filled is immediately canceled.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Fisher Effect: </span><span class="NAMED-para">The relationship that exists between interest rates and exchange rate movements, so that in an ideal situation interest rate differentials would be exactly off set by exchange rate movements. See interest rate parity.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Fixed Exchange Rate: </span><span class="NAMED-para">Official rate set by monetary authorities. Often the fixed exchange rate permits fluctuation within a band.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Flexible Exchange Rate: </span><span class="NAMED-para">Exchange rates with a fixed parity against one or more currencies with frequent revaluation's. A form of managed float.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Floating Exchange Rate: </span><span class="NAMED-para">An exchange rate where the value is determined by market forces. Even floating currencies are subject to intervention by the monetary authorities. When such activity is frequent the float is known as a dirty float.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">FOMC: </span><span class="NAMED-para">Federal Open Market Committee, the committee that sets money supply targets in the US which tend to be implemented through Fed Fund interest rates etc.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Foreign Exchange: </span><span class="NAMED-para">The purchase or sale of a currency against sale or purchase of another.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para"><span style="color: rgb(51, 102, 255);">Forex</span>: </span><span class="NAMED-para">Foreign Exchange.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Forex Club: </span><span class="NAMED-para">Groups formed in the major financial centers to encourage educational and social contacts between foreign exchange dealers, under the umbrella of Association Cambiste International.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Forward Margins: </span><span class="NAMED-para">Discounts or premiums between spot rate and the forward rate for a currency. Normally quoted in points.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Forward Operations: </span><span class="NAMED-para">Foreign exchange transactions, on which the fulfillment of the mutual delivery obligations is made on a date later than the second business day after the transaction was concluded.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Forward Outright: </span><span class="NAMED-para">A commitment to buy or sell a currency for delivery on a specified future date or period. The price is quoted as the Spot rate minus or plus the forward points for the chosen period.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Forward Rate: </span><span class="NAMED-para">Forward rates are quoted in terms of forward points, which represents the difference between the forward and spot rates. In order to obtain the forward rate from the actual exchange rate the forward points are either added or subtracted from the exchange rate. The decision to subtract or add points is determined by the differential between the deposit rates for both currencies concerned in the transaction. The base currency with the higher interest rate is said to be at a discount to the lower interest rate quoted currency in the forward market. Therefor the forward points are subtracted from the spot rate. Similarly, the lower interest rate base currency is said to be at a premium, and the forward points are added to the spot rate to obtain the forward rate.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Free Reserves: </span><span class="NAMED-para">Total reserves held by a bank less the reserves required by the authority.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Front Office: </span><span class="NAMED-para">The activities carried out by the dealer, normal trading activities.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para"><span style="color: rgb(51, 102, 255);">Fundamentals</span>: </span><span class="NAMED-para">The macro economic factors that are accepted as forming the foundation for the relative value of a currency, these include inflation, growth, trade balance, government deficit, and interest rates.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">FX: </span><span class="NAMED-para">Foreign Exchange.</span></p><div style="text-align: justify;"> <a name="G"></a> </div><p style="text-align: justify; color: rgb(255, 0, 0);" class="subtitle"><span class="subtitle">G</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">G7: </span><span class="NAMED-para">The seven leading industrial countries, being US, Germany, Japan, France, UK, Canada, Italy.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">G10: </span><span class="NAMED-para">G7 plus Belgium, Netherlands and Sweden, a group associated with IMF discussions. Switzerland is sometimes peripherally involved.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Gap: </span><span class="NAMED-para">A mismatch between maturities and cash flows in a bank or individual dealers position book. Gap exposure is effectively interest rate exposure.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Going Long: </span><span class="NAMED-para">The purchase of a stock, commodity, or currency for investment or speculation.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Going Short: </span><span class="NAMED-para">The selling of a currency or instrument not owned by the seller.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Gold Standard: </span><span class="NAMED-para">The original system for supporting the value of currency issued. The was that where the price of gold is fixed against the currency it means that the increased supply of gold does not lower the price of gold but causes prices to increase.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para"><span style="color: rgb(51, 102, 255);">Good Until Canceled</span>: </span><span class="NAMED-para">An instruction to a broker that unlike normal practice the order does not expire at the end of the trading day, although normally terminates at the end of the trading month.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Grid: </span><span class="NAMED-para">Fixed margin within which exchange rates are allowed to fluctuate.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Gross Domestic Product: </span><span class="NAMED-para">Total value of a country's output, income or expenditure produced within the country's physical borders.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Gross National Product: </span><span class="NAMED-para">Gross domestic product plus "factor income from abroad" - income earned from investment or work abroad.</span></p><div style="text-align: justify;"> <a name="H"></a> </div><p style="text-align: justify; color: rgb(255, 0, 0);" class="subtitle"><span class="subtitle">H</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Hard Currency: </span><span class="NAMED-para">A currency whose value is expected to remain stable or increase in terms of other currencies.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Head and Shoulders: </span><span class="NAMED-para">A pattern in price trends which chartist consider indicates a price trend reversal. The price has risen for some time, at the peak of the left shoulder, profit taking has caused the price to drop or level. The price then rises steeply again to the head before more profit taking causes the the price to drop to around the same level as the shoulder. A further modest rise or level will indicate a that a further major fall is imminent. The breach of the neckline is the indication to sell.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Hedge: </span><span class="NAMED-para">The purchase or sale of options or futures contracts as a temporary substitute for a transaction to be made at a later date. Usually it involves opposite positions in the cash or futures or options market.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Hit the Bid: </span><span class="NAMED-para">Acceptance of purchasing at the offer or selling at the bid.</span></p><div style="text-align: justify;"> <a name="I"></a> </div><p style="text-align: justify; color: rgb(255, 0, 0);" class="subtitle"><span class="subtitle">I</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">IMF: </span><span class="NAMED-para">International Monetary Fund, established in 1946 to provide international liquidity on a short and medium term and encourage liberalization of exchange rates. The IMF supports countries with balance of payments problems with the provision of loans.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">IMM: </span><span class="NAMED-para">International Monetary Market part of the Chicago Mercantile Exchange that lists a number of currency and financial futures Implied volatilityA measurement of the market's expected price range of the underlying currency futures based on the traded option premiums.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Implied Rates: </span><span class="NAMED-para">The interest rate determined by calculating the difference between spot and forward rates.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Indicative Quote: </span><span class="NAMED-para">A market-maker's price which is not firm.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Inflation: </span><span class="NAMED-para">Continued rise in the general price level in conjunction with a related drop in purchasing power. Sometimes referred to as an excessive movement in such price levels.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Initial Margin: </span><span class="NAMED-para">The margin required by a Foreign Exchange firm to initiate the buying or selling of a determined amount of currency.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Inter-Bank Rates: </span><span class="NAMED-para">The bid and offer rates at which international banks place deposits with each other. The basis of the Interbank market.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Interest Arbitrage: </span><span class="NAMED-para">Switching into another currency by buying spot and selling forward, and investing proceeds in order to obtain a higher interest yield. Interest arbitrage can be inward, i.e. from foreign currency into the local one or outward, i.e. from the local currency to the foreign one. Sometimes better results can be obtained by not selling the forward interest amount. In that case some treat it as no longer being a complete arbitrage, as if the exchange rate moved against the arbitrageur, the profit on the transaction may create a loss.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Interest Parity: </span><span class="NAMED-para">One currency is in interest parity with another when the difference in the interest rates is equalized by the forward exchange margins. For instance, if the operative interest rate in Japan is 3% and in the UK 6%, a forward premium of 3% for the Japanese Yen against sterling would bring about interest parity.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Interest Rate Swaps: </span><span class="NAMED-para">An agreement to swap interest rate exposures from floating to fixed or vice versa. There is no swap of the principal. It is the interest cash flows be they payments or receipts that are exchanged.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Internationalization: </span><span class="NAMED-para">Referring to a currency that is widely used to denominate trade and credit transactions by non residents of the country of issue. US dollar and Swiss Franc are examples.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Intervention: </span><span class="NAMED-para">Action by a central bank to effect the value of its currency by entering the market. Concerted intervention refers to action by a number of central banks to control exchange rates.</span></p><div style="text-align: justify;"> <a name="K"></a> </div><p style="text-align: justify; color: rgb(255, 0, 0);" class="subtitle"><span class="subtitle">K</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Kiwi: </span><span class="NAMED-para">Slang for the New Zealand dollar.</span></p><div style="text-align: justify;"> <a name="L"></a> </div><p style="text-align: justify; color: rgb(255, 0, 0);" class="subtitle"><span class="subtitle">L</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Leading Indicators: </span><span class="NAMED-para">Statistic that are considered to precede changes in economic growth rates and total business activity, e.g. factory orders.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Liability: </span><span class="NAMED-para">In terms of foreign exchange, the obligation to deliver to a counterparty an amount of currency either in respect of a balance sheet holding at a specified future date or in respect of an un-matured forward or spot transaction.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Limit Order: </span><span class="NAMED-para">An order to buy or sell a specified amount of a currency at a specified price or better.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Liquidation: </span><span class="NAMED-para">Any transaction that offsets or closes out a previously established position.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Liquidity: </span><span class="NAMED-para">The ability of a market to accept large transactions.</span></p><div style="text-align: justify;"> <a name="M"></a> </div><p style="text-align: justify; color: rgb(255, 0, 0);" class="subtitle"><span class="subtitle">M</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Maintenance Margin: </span><span class="NAMED-para">The minimum margin which an investor must keep on deposit in a margin account at all times in respect of each open contract.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Make a Market: </span><span class="NAMED-para">A dealer is said to make a market when he or she quotes bid and offer prices at which he or she stands ready to buy and sell.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Managed Float: </span><span class="NAMED-para">When the monetary authorities intervene regularly in the market to stabilize the rates or to aim the exchange rate in a required direction.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para"><span style="color: rgb(51, 102, 255);">Margin Call</span>: </span><span class="NAMED-para">A demand for additional funds to be deposited in a margin account to meet margin requirements because of adverse future price movements.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para"><span style="color: rgb(51, 51, 255);">Margin</span>: </span><span class="NAMED-para">For currencies a deposit made to the forex firm on establishing a futures position account.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Mark to Market: </span><span class="NAMED-para">The daily adjustment of an account to reflect accrued profits and losses often required to calculate variations of margins.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Market Maker: </span><span class="NAMED-para">A market maker is a person or firm authorized to create and maintain a market in an instrument.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para"><span style="color: rgb(51, 102, 255);">Market Order</span>: </span><span class="NAMED-para">An order to buy or sell a financial instrument immediately at the best possible price.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Micro Economics: </span><span class="NAMED-para">The study of economic activity as it applies to individual firms or well defined small groups of individuals or economic sectors.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Mid-Price or Middle Rate: </span><span class="NAMED-para">The price half-way between the two prices, or the average of both buying and selling prices offered by the market makers.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Minimum Price Fluctuation: </span><span class="NAMED-para">The smallest increment of market price movement possible in a given futures contract.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Monetary Base: </span><span class="NAMED-para">Currency in circulation plus banks' required and excess deposits at the central bank.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Moving Average: </span><span class="NAMED-para">A way of smoothing a set of data, widely used in price time series.</span></p><div style="text-align: justify;"> <a name="N"></a> </div><p style="text-align: justify; color: rgb(255, 0, 0);" class="subtitle"><span class="subtitle">N</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Net Position: </span><span class="NAMED-para">The amount of currency bought or sold which have not yet been offset by opposite transactions.</span></p><div style="text-align: justify;"> <a name="O"></a> </div><p style="text-align: justify; color: rgb(255, 0, 0);" class="subtitle"><span class="subtitle">O</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Odd Lot: </span><span class="NAMED-para">A non standard amount for a transaction.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Offer: </span><span class="NAMED-para">The price at which a seller is willing to sell. The best offer is the lowest such price available.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Offset: </span><span class="NAMED-para">The closing-out or liquidation of a futures position.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Off-shore: </span><span class="NAMED-para">The operations of a financial institution which although physically located in a country, has little connection with that country's financial systems. In certain countries a bank is not permitted to do business in the domestic market but only with other foreign banks. This is known as an off shore banking unit.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Overnight Limit: </span><span class="NAMED-para">Net long or short position in one or more currencies that a dealer can carry over into the next dealing day. Passing the book to other bank dealing rooms in the next trading time zone reduces the need for dealers to maintain these unmonitored exposures.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Overnight: </span><span class="NAMED-para">A deal from today until the next business day.</span></p><div style="text-align: justify;"> <a name="P"></a> </div><p style="text-align: justify; color: rgb(255, 0, 0);" class="subtitle"><span class="subtitle">P</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Parity: </span><span class="NAMED-para">(1) Foreign exchange dealer's slang for your price is the correct market price. (2) Official rates in terms of SDR or other pegging currency.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Parities: </span><span class="NAMED-para">The value of one currency in terms of another.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Pegged: </span><span class="NAMED-para">A system where a currency moves in line with another currency, some pegs are strict while others have bands of movement.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Pip: </span><span class="NAMED-para">Minimum fluctuation or smallest increment of price movement.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Position: </span><span class="NAMED-para">The netted total commitments in a given currency. A position can be either flat or square (no exposure), long, (more currency bought than sold), or short (more currency sold than bought).</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Profit Taking: </span><span class="NAMED-para">The unwinding of a position to realize profits.</span></p><div style="text-align: justify;"> <a name="Q"></a> </div><p style="text-align: justify; color: rgb(255, 0, 0);" class="subtitle"><span class="subtitle">Q</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Quote: </span><span class="NAMED-para">An indicative price. The price quoted for information purposes but not to deal.</span></p><div style="text-align: justify;"> <a name="R"></a> </div><p style="text-align: justify; color: rgb(255, 0, 0);" class="subtitle"><span class="subtitle">R</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Rally: </span><span class="NAMED-para">A recovery in price after a period of decline.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Range: </span><span class="NAMED-para">The difference between the highest and lowest price of a future recorded during a given trading session.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Rate: </span><span class="NAMED-para">(1) The price of one currency in terms of another, normally against USD. (2) Assessment of the credit worthiness of an institution.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Reaction: </span><span class="NAMED-para">A decline in prices following an advance.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Reciprocal Currency: </span><span class="NAMED-para">A currency that is normally quoted as dollars per unit of currency rather than the normal quote method of units of currency per dollar. Sterling is the most common example.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Resistance Point or Level: </span><span class="NAMED-para">A price recognized by technical analysts as a price which is likely to result in a rebound but if broken through is likely to result in a significant price movement.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Revaluation: </span><span class="NAMED-para">Increase in the exchange rate of a currency as a result of official action.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Revaluation Rate: </span><span class="NAMED-para">The rate for any period or currency which is used to revalue a position or book.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Risk Management: </span><span class="NAMED-para">The identification and acceptance or offsetting of the risks threatening the profitability or existence of an organisation. With respect to foreign exchange involves among others consideration of market, sovereign, country, transfer, delivery, credit, and counterparty risk.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Risk Position: </span><span class="NAMED-para">An asset or liability, which is exposed to fluctuations in value through changes in exchange rates or interest rates.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Rollover: </span><span class="NAMED-para">An overnight swap, specifically the next business day against the following business day (also called Tomorrow Next, abbreviated to Tom-Next).</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Round Trip: </span><span class="NAMED-para">Buying and selling of a specified amount of currency.</span></p><div style="text-align: justify;"> <a name="S"></a> </div><p style="text-align: justify; color: rgb(255, 0, 0);" class="subtitle"><span class="subtitle">S</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Same Day Transaction: </span><span class="NAMED-para">A transaction that matures on the day the transaction takes place.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Selling Rate: </span><span class="NAMED-para">Rate at which a bank is willing to sell foreign currency.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Settlement Date: </span><span class="NAMED-para">The date by which an executed order must be settled by the transference of instruments or currencies and funds between buyer and seller.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Settlement Risk: </span><span class="NAMED-para">Risk associated with the non settlement of the transaction by the counter party.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Short Sale: </span><span class="NAMED-para">The sale of a specified amount of currency not owned by the seller at the time of the trade. Short sales are usually made in expectation of a decline in the price.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Short-term Interest Rates: </span><span class="NAMED-para">Normally the 90 day rate.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Sidelined: </span><span class="NAMED-para">A major currency that is lightly traded due to major market interest being in another currency pair.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Soft Market: </span><span class="NAMED-para">More potential sellers than buyers, which creates an environment where rapid price falls are likely.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Spot: </span><span class="NAMED-para">(1) The most common foreign exchange transaction. (2) Spot or Spot date refers to the spot transaction value date that requires settlement within two business days, subject to value date calculation.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Spot Next: </span><span class="NAMED-para">The overnight swap from the spot date to the next business day.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Spot Price / Rate: </span><span class="NAMED-para">The price at which the currency is currently trading in the spot market.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Spread: </span><span class="NAMED-para">(1) The difference between the bid and ask price of a currency. (2) The difference between the price of two related futures contracts.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Square: </span><span class="NAMED-para">Purchase and sales are in balance and thus the dealer has no open position.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Squawk Box: </span><span class="NAMED-para">A speaker connected to a phone often used in broker trading desks.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Squeeze: </span><span class="NAMED-para">Action by a central bank to reduce supply in order to increase the price of money.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Stable Market: </span><span class="NAMED-para">An active market which can absorb large sale or purchases of currency without major moves.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Standard: </span><span class="NAMED-para">A term referring to certain normal amounts and maturities for dealing.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Sterilization: </span><span class="NAMED-para">Central Bank activity in the domestic money market to reduce the impact on money supply of its intervention activities in the FX market.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Sterling: </span><span class="NAMED-para">British pound, otherwise known as cable.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Stocky: </span><span class="NAMED-para">Market slang for Swedish Krona.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Stop Loss Order: </span><span class="NAMED-para">Order given to ensure that, should a currency weaken by a certain percentage, a short position will be covered even though this involves taking a loss. Realize profit orders are less common.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Support Levels: </span><span class="NAMED-para">When an exchange rate depreciates or appreciates to a level where (1) Technical analysis techniques suggest that the currency will rebound, or not go below; (2) the monetary authorities intervene to stop any further down ward movement. See resistance point.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Swap Price: </span><span class="NAMED-para">A price as a differential between two dates of the swap.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Swap: </span><span class="NAMED-para">The simultaneous purchase and sale of the same amount of a given currency for two different dates, against the sale and purchase of another. A swap can be a swap against a forward. In essence, swapping is somewhat similar to borrowing one currency and lending another for the same period. However, any rate of return or cost of funds is expressed in the price differential between the two sides of the transaction.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Swissy: </span><span class="NAMED-para">Market slang for Swiss Franc.</span></p><div style="text-align: justify;"> <a name="T"></a> </div><p style="text-align: justify; color: rgb(255, 0, 0);" class="subtitle"><span class="subtitle">T</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Technical Correction: </span><span class="NAMED-para">An adjustment to price not based on market sentiment but technical factors such as volume and charting.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Thin Market: </span><span class="NAMED-para">A market in which trading volume is low and in which consequently bid and ask quotes are wide and the liquidity of the instrument traded is low.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Thursday / Friday Dollars: </span><span class="NAMED-para">A US foreign exchange technicality. If a foreign bank buys dollars on Tuesday for Thursday delivery. If the bank leaves the funds overnight and transfers them on Friday by means of a clearing house cheque then clearance is not until Monday, the next working day. Higher interest rates for this period are thus available.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Tick: </span><span class="NAMED-para">A minimum change in price, up or down.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Today / Tomorrow: </span><span class="NAMED-para">Simultaneous buying of a currency for delivery the following day and selling for the spot day, or vice versa. Also referred to as overnight.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Tomorrow Next (Tom Next): </span><span class="NAMED-para">Simultaneous buying of a currency for delivery the following day and selling for the spot day or vice versa.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Trade Date: </span><span class="NAMED-para">The date on which a trade occurs.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Tradeable Amount: </span><span class="NAMED-para">Smallest transaction size acceptable.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Transaction Date: </span><span class="NAMED-para">The date on which a trade occurs.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Transaction: </span><span class="NAMED-para">The buying or selling of currencies resulting from the execution of an order.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Two Tier Market: </span><span class="NAMED-para">A dual exchange rate system where normally only one rate is open to market pressure, e.g. South Africa.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Two-Way Quotation: </span><span class="NAMED-para">When a dealer quotes both buying and selling rates for foreign exchange transactions.</span></p><div style="text-align: justify;"> <a name="U"></a> </div><p style="text-align: justify; color: rgb(255, 0, 0);" class="subtitle"><span class="subtitle">U</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Uncovered: </span><span class="NAMED-para">Another term for an open position.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Under-Valuation: </span><span class="NAMED-para">An exchange rate is normally considered to be undervalued when it is below its purchasing power parity.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Up Tick: </span><span class="NAMED-para">A transaction executed at a price greater than the previous transaction.</span></p><div style="text-align: justify;"> <a name="V"></a> </div><p style="text-align: justify; color: rgb(255, 0, 0);" class="subtitle"><span class="subtitle">V</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Value Date: </span><span class="NAMED-para">For a spot transaction it is two business banking days forward in the country of the bank providing quotations which determine the spot value date. The only exception to this general rule is the spot day in the quoting centre coinciding with a banking holiday in the country(ies) of the foreign currency(ies). The value date then moves forward a day.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Value Spot: </span><span class="NAMED-para">Normally settlement for two working days from today. See value date.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Volatility: </span><span class="NAMED-para">A measure of the amount by which an asset price is expected to fluctuate over a given period.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para">Vostro Account: </span><span class="NAMED-para">A local currency account maintained with a bank by another bank. The term is normally applied to the counterparty's account from which funds may be paid into or withdrawn, as a result of a transaction.</span></p><div style="text-align: justify;"> <a name="W"></a> </div><p style="text-align: justify; color: rgb(255, 0, 0);" class="subtitle"><span class="subtitle">W</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para"><span style="color: rgb(51, 51, 255);">Wash Trade</span>: </span><span class="NAMED-para">A matched deal which produces neither a gain nor a loss.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para"><span style="color: rgb(51, 51, 255);">Whipsaw</span>: </span><span class="NAMED-para">Term for where a trader takes a position, then has to move against it triggering stop loss limits and liquidation of positions, then having to move in the original direction. Normally occurs in volatile markets.</span></p><div style="text-align: justify;"> </div><p style="text-align: justify;" class="NAMED-para"><span class="NAMEDname-para"><span style="color: rgb(51, 51, 255);">Working Day</span>: </span><span class="NAMED-para">A day on which the banks in a currency's principal financial centre are open for business. For FX transactions, a working day only occurs if the bank in both financial centre's are open for business (all relevant currency centers in the case of a cross are open).</span></p><div style="text-align: justify;"><br /><br /><br /><span style="color: rgb(0, 0, 153); font-weight: bold;">Cheers,</span><br /><br /><br /><span style="font-weight: bold;">Lusiana</span><br /><a href="http://basis-forex.blogspot.com/">http://lusiana-forex.blogspot.com</a></div>Lusia Mulianahttp://www.blogger.com/profile/16443743828948115938noreply@blogger.com0tag:blogger.com,1999:blog-20678416.post-1136695794661140492006-01-07T20:23:00.001-08:002006-01-20T02:17:34.316-08:00Forex dalam Hukum IslamSebagian umat Islam meragukan kehalalan praktik perdagangan berjangka. Bagaimana menurut padangan para pakar Islam?<br /><div style="text-align: justify;"> <div style="text-align: right;"><span style="font-style: italic; color: rgb(255, 102, 0);"> Jangan engkau menjual sesuatu yang tidak ada padamu,</span>" sabda Nabi Muhammad SAW, dalam sebuah hadits riwayat Abu Hurairah.<br /></div><br />Oleh sementara fuqaha (ahli fiqih Islam), hadits tersebut ditafsirkan secara saklek. Pokoknya, setiap praktik jual beli yang tidak ada barangnya pada waktu akad, haram. Penafsiran secara demikian itu, tak pelak lagi, membuat fiqih Islam sulit untuk memenuhi tuntutan jaman yang terus berkembang dengan perubahan-perubahannya.<br /><br /></div> <div style="text-align: justify;"> Karena itu, sejumlah ulama klasik yang terkenal dengan pemikiran cemerlangnya, menentang cara penafsiran yang terkesan sempit tersebut. Misalnya, Ibn al-Qayyim. Ulama bermazhab Hambali ini berpendapat, bahwa tidak benar jual-beli barang yang tidak ada dilarang. Baik dalam Al Qur’an,sunnah maupun fatwa para sahabat, larangan itu tidak ada.<br /><br /></div> <div style="text-align: justify;"> Dalam Sunnah Nabi, hanya terdapat larangan menjual barang yang belum ada, sebagaimana larangan beberapa barang yang sudah ada pada waktu akad. “Causa legis atau ilat larangan tersebut bukan ada atau tidak adanya barang, melainkan garar,” ujar Dr. Syamsul Anwar, MA dari IAIN SUKA Yogyakarta menjelaskan pendapat Ibn al-Qayyim. Garar adalah ketidakpastian tentang apakah barang yang diperjual-belikan itu dapat diserahkan atau tidak. Misalnya, seseorang menjual unta yang hilang. Atau menjual barang milik orang lain, padahal tidak diberi kewenangan oleh yang bersangkutan.<br /><br /></div> <div style="text-align: justify;"> Jadi, meskipun pada waktu akad barangnya tidak ada, namun ada kepastian diadakan pada waktu diperlukan sehingga bisa diserahkan kepada pembeli, maka jual beli tersebut sah. Sebaliknya, kendati barangnya sudah ada tapi - karena satu dan lain hal — tidak mungkin diserahkan kepada pembeli, maka jual beli itu tidak sah.<br /><br /></div> <div style="text-align: justify;">Perdagangan berjangka, jelas, bukan garar. Sebab, dalam kontrak berjangkanya, jenis komoditi yang dijual-belikan sudah ditentukan. Begitu juga dengan jumlah, mutu, tempat dan waktu penyerahannya. Semuanya berjalan di atas rel aturan resmi yang ketat, sebagai antisipasi terjadinya praktek penyimpangan berupa penipuan — satu hal yang sebetulnya bisa juga terjadi pada praktik jua-beli konvensional.<br /></div><br /><div style="text-align: justify;"> Dalam perspektif hukum Islam, Perdagangan Berjangka Komoditi (PBK) (forex adalah bagian dari PBK) dapat dimasukkan ke dalam kategori <span style="font-style: italic;">almasa’il almu’ashirah</span> atau masalah-masalah hukum Islam kontemporer. Karena itu, status hukumnya dapat dikategorikan kepada masalah ijtihadiyyah. Klasifikasi ijtihadiyyah masuk ke dalam wilayah fi ma la nasha fih, yakni masalah hukum yang tidak mempunyai referensi nash hukum yang pasti.<br /><br /></div> <div style="text-align: justify;"> Dalam kategori masalah hukum al-Sahrastani, ia termasuk ke dalam paradigma al-nushush qad intahat wa al-waqa’I la tatanahi. Artinya, nash hukum dalam bentuk Al-Quran dan Sunnah sudah selesai; tidak lagi ada tambahan. Dengan demikian, kasus-kasus hukum yang baru muncul mesti diberikan kepastian hukumnya melalui ijtihad.<br /><br /></div> <div style="text-align: justify;"> Dalam kasus hukum PBK, ijtihad dapat merujuk kepada teori perubahan hukum yang diperkenalkan oleh Ibn Qoyyim al-Jauziyyah. Ia menjelaskan, fatwa hukum dapat berubah karena beberapa variabel perubahnya, yakni: waktu, tempat, niat, tujuan dan manfaat. Teori perubahan hukum ini diturunkan dari paradigma ilmu hukum dari gurunya Ibn Taimiyyah, yang menyatakan bahwa a-haqiqah fi al-a’yan la fi al-adzhan. Artinya, kebenaran hukum itu dijumpai dalam kenyataan empirik; bukan dalam alam pemikiran atau alam idea.<br /></div> <div style="text-align: justify;"> Paradigma ini diturunkan dari prinsip hukum Islam tentang keadilan yang dalam Al Quran digunakan istilah al-mizan, a-qisth, al-wasth, dan al-adl.<br /><br /></div> <div style="text-align: justify;">Dalam penerapannya, secara khusus masalah PBK dapat dimasukkan ke dalam bidang kajian fiqh al-siyasah maliyyah, yakni politik hukum kebendaan. Dengan kata lain, PBK termasuk kajian hukum Islam dalam pengertian bagaimana hukum Islam diterapkan dalam masalah kepemilikan atas harta benda, melalui perdagangan berjangka komoditi dalam era globalisasi dan perdagangan bebas.<br /><br /></div> <div style="text-align: justify;"> Realisasi yang paling mungkin dalam rangka melindungi pelaku dan pihak-pihak yang terlibat dalam perdagangan berjangka komoditi dalam ruang dan waktu serta pertimbangan tujuan dan manfaatnya dewasa ini, sejalan dengan semangat dan bunyi UU No. 32/1977 tentang PBK.<br /></div> <div style="text-align: justify;"> Karena teori perubahan hukum seperti dijelaskan di atas, dapat menunjukkan elastisitas hukum Islam dalam kelembagaan dan praktek perekonomian, maka PBK dalam sistem hukum Islam dapat dianalogikan dengan bay’ al-salam’ajl bi’ajil.<br /><br /></div> <div style="text-align: justify;"> Bay’ al-salam dapat diartikan sebagai berikut. Al-salam atau al-salaf adalah bay’ ajl bi’ajil, yakni memperjualbelikan sesuatu yang dengan ketentuan sifat-sifatnya yang terjamin kebenarannya. Di dalam transaksi demikian, penyerahan ra’s al-mal dalam bentuk uang sebagai nilai tukar didahulukan daripada penyerahan komoditi yang dimaksud dalam transaksi itu. Ulama Syafi’iyah dan Hanabilah mendefinisikannya dengan: “Akad atas komoditas jual beli yang diberi sifat terjamin yang ditangguhkan (berjangka) dengan harga jual yang ditetapkan di dalam bursa akad”.<br /><br /></div> <div style="text-align: justify;">Keabsahan transaksi jual beli berjangka, ditentukan oleh terpenuhinya rukun dan syarat sebagai berikut:<br /></div> <span style="color: rgb(255, 0, 0);">a) Rukun sebagai unsur-unsur utama yang harus ada dalam suatu peristiwa transaksi</span> Unsur-unsur utama di dalam bay’ al-salam adalah:<br /><ol style="text-align: justify;"><li>Pihak-pihak pelaku transaksi (‘aqid) yang disebut dengan istilah muslim atau muslim ilaih.</li><li>Objek transaksi (ma’qud alaih), yaitu barang-barang komoditi berjangka dan harga tukar (ra’s al-mal al-salam dan al-muslim fih).</li><li>Kalimat transaksi (<span style="font-style: italic;">Sighat ‘aqad</span>), yaitu ijab dan kabul. Yang perlu diperhatikan dari unsur-unsur tersebut, adalah bahwa ijab dan qabul dinyatakan dalam bahasa dan kalimat yang jelas menunjukkan transaksi berjangka. Karena itu, ulama Syafi’iyah menekankan penggunaan istilah al-salam atau al-salaf di dalam kalimat-kalimat transaksi itu, dengan alasan bahwa ‘<span style="font-style: italic;">aqd al-salam adalah bay’ al-ma’dum</span> dengan sifat dan cara berbeda dari akad jual dan beli (buy).</li></ol> <span style="color: rgb(255, 0, 0);">b) Syarat-syarat</span><br /><ul style="text-align: justify;"><li>Persyaratan menyangkut objek transaksi, adalah: bahwa objek transaksi harus memenuhi kejelasan mengenai: jenisnya (<span style="font-style: italic;">an yakun fi jinsin ma’lumin</span>), sifatnya, ukuran (kadar), jangka penyerahan, harga tukar, tempat penyerahan.</li><li>Persyaratan yang harus dipenuhi oleh harga tukar (al-tsaman), adalah, Pertama, kejelasan jenis alat tukar, yaitu dirham, dinar, rupiah atau dolar dsb atau barang-barang yang dapat ditimbang, disukat, dsb. Kedua, kejelasan jenis alat tukar apakah rupiah, dolar Amerika, dolar Singapura, dst. Apakah timbangan yang disepakati dalam bentuk kilogram, pond, dst.<br /></li><li>Kejelasan tentang kualitas objek transaksi, apakah kualitas istimewa, baik sedang atau buruk. Syarat-syarat di atas ditetapkan dengan maksud menghilangkan jahalah fi al-’aqd atau alasan ketidaktahuan kondisi-kondisi barang pada saat transaksi. Sebab hal ini akan mengakibatkan terjadinya perselisihan di antara pelaku transaksi, yang akan merusak nilai transaksi.</li><li>Kejelasan jumlah harga tukar. Penjelasan singkat di atas nampaknya telah dapat memberikan kejelasan kebolehan PBK. Kalaupun dalam pelaksanaannya masih ada pihak-pihak yang merasa dirugikan dengan peraturan perundang-undangan yang ada, maka dapatlah digunakan kaidah hukum atau legal maxim yang berbunyi: <span style="font-style: italic;">ma la yudrak kulluh la yutrak kulluh</span>. Apa yang tidak dapat dilaksanakan semuanya, maka tidak perlu ditinggalkan keseluruhannya. </li></ul> <div style="text-align: justify;">Dengan demikian, hukum dan pelaksanaan PBK sampai batas-batas tertentu boleh dinyatakan dapat diterima atau setidak-tidaknya sesuai dengan semangat dan jiwa norma hukum Islam, dengan menganalogikan kepada bay’ al-salam.<br /></div> <span style="color: rgb(255, 204, 102);">(Tulisan di atas dihimpun dari berbagai sumber)</span><br /><br /><br /><span style="color: rgb(51, 102, 255);">Cheers,</span><br /><br /><span style="color: rgb(255, 102, 0);">Lusiana</span><br />http://lusiana-forex.blogspot.com<br />Kabar Gembira dari Dunia MayaLusia Mulianahttp://www.blogger.com/profile/16443743828948115938noreply@blogger.com0tag:blogger.com,1999:blog-20678416.post-1136695808382280102006-01-07T20:23:00.000-08:002006-01-07T20:50:08.383-08:00InspirasiBerikut ini adalah kata-kata inspirasi yang saya temukan dalam buku How to Become a Smart Entrepreneur and How to Start New Business.<br /><br /><br /><span style="color: rgb(51, 51, 255);">UNTUK SUKSES DALAM BISNIS</span><br /><br />Bekerja dengan keras<br />dengan mengandalkan otak kanan saja<br />tidaklah cukup!<br />Ibarat berjalan di tempat yang gelap.<br /><br />Berwirausaha yang benar itu bukan hanya bermodal "nekat"<br />tetapi juga "skill dan knowledge" yang kuat,<br />karena faktor kesuksesan "Smart Entrepreneur"<br />adalah seberapa hebat ia "bekerja dengan cerdas"<br /><br /><br /><span style="color: rgb(51, 102, 255);">ENTREPRENEURSHIP LANDSCAPE</span><br /><br />Bila ilmu keuangan adalah daunnya,<br />Bunga itu marketingnya.<br />Selling itu akar yang akan menyuplai makanan.<br />Batang itu managemennya.<br />Ranting itu organisasinya.<br />Matahari itu pelanggannya.<br />Buah itu produksinya.<br />Manis itu keuntungannya.<br />Entrepreneurship itu bijinya.<br />Dan, inspirasi itu lembaganya ...<br />yang merupakan cikal bakal sebuah kehidupan.<br /><br />Kesuksesan adalah kemampuan<br />untuk bertahan dalam situasi apa pun ...<br />Yang mampu terus tumbuh dan berkembang.<br />Oleh karena itu ...<br />Ilmu lain akan tumbuh di dalam suatu usaha<br />bila ada Entrepreneurship.<br /><br /><br /><br /><span style="color: rgb(51, 102, 255);">SMART ENTREPRENEUR</span><br /><br />Sang entrepreneur ...<br />Ia bergerak tanpa suara<br />dan muncul secara tiba-tiba.<br />Di saat orang lain berkata bahwa itu sulit,<br />sang entrepreneur berpikir bahwa itu peluang.<br />Di saat kita sibuk mengatasi masalah<br />yang belum terpecahkan,<br />sang entrepreneur diam-diam sedang mendesain<br />sebuah rencana besar,<br />yaitu menciptakan sebuah produk.<br />Di saat mereka yang pesimis<br />menunggu datangnya peluang,<br />sang entrepreneur telah menciptakan<br />dan memanfaatkan peluang yang akan datang.<br /><br />Orang yang takut selalu menunggu peluang<br />Si pemberani terus mencari peluang.<br />Sang pemikir sedang sibuk menciptakan peluang.<br />Namun ...<br />SMART ENTREPRENEUR telah sukses<br />memanfaatkan peluang berikutnya.<br /><br />Di dunia ini selalu ada dua macam hal ...<br />Pecundang dan kreator,<br />serta si pekerja yang tidak pernah sukses<br />dan si entrepreneur yang tidak terbendung.<br /><br /><br /><span style="color: rgb(51, 51, 255);">KETAKUTAN DAN KEGAGALAN</span><br /><br />Janganlah Anda menilai<br />mereka yang mencoba, tetapi gagal.<br />NIlailah mereka yagn gagal mencoba!!!<br />Itulah kegagalan yang sebenarnya!<br /><br />Anda bukan hanya membutuhkan modal<br />untuk memulai sebuah bisnis ...<br />Ada modal utama lainnya<br />yang lebih penting daripada sekedar uang, yaitu ...<br />mengatasi rasa ketakutan Anda,<br />yang ternyata lebih besar daripada kemampuan Anda.<br /><br /><br /><span style="color: rgb(51, 51, 255);">A REASON</span><br /><br />Terkadang ...<br />Banyak orang di usia muda<br />yang sering menggunakan alasan "kemiskinannya"<br />untuk membuyarkan impian besarnya<br />menjadi seorang pengusaha ...<br /><br />Sebenarnya ...<br />Untuk sukses atau tidak,<br />Modal (uang) itu bukanlah alasan utama!<br />Yang penting adalah seberapa lama Anda mampu bertahan<br />untuk mengejar impian Anda<br />tanpa mundur selangkah pun ...<br />untuk menjadi .... "Unstopable Person"Lusia Mulianahttp://www.blogger.com/profile/16443743828948115938noreply@blogger.com0tag:blogger.com,1999:blog-20678416.post-1136691950544556392006-01-07T19:35:00.000-08:002006-01-07T21:01:14.896-08:00Welcome di weblog Lusiana<span style="font-size:100%;">Selamat Datang di Weblog Lusiana<br /><br />Di pertemuan pertama ini saya akan menyuguhkan beberapa puisi karangan dari seorang tokoh yang saya kagumi.<br /><br /><br /><span style="color: rgb(0, 0, 153);">ANDA BERHAK MEMILIH JALAN HIDUP ANDA</span><br /><br />Hidup itu suatu pilihan<br />Kesuksesan itu tantangan<br />Kebahagiaan itu diciptakan<br />Tetapi, tanpa perubahan dasn pengorbanan<br />itu hanyalah mimpi.<br /><br /><br />Anda membutuhkan langkah besar, a "giant step"<br />Mulailah sekarang juga, atau Anda semakin tua<br />Tetaplah seperti sekarang ini,<br />kucilkanlah diri Anda, atau<br />berubahlah .... now or never.<br /><br /><br /><span style="color: rgb(51, 51, 255);">IT'S TIME TO CHANGE</span><br /><br />Kesuksesan itu butuh waktu ...<br />karena kesuksesan itu sebuah proses<br />dan merupakan rangkaian<br />percobaan demi percobaan<br />yang akan membuat Anda "berevolusi diri"<br />menjadi suatu "jati diri" yang baru.<br /><br />Tidak ada sesuatu yang indah<br />yang bisa diraih dalam satu malam saja.<br />Layaknya anak tangga demi anak tangga,<br />kita harus melaluinya satu demi satu.<br /><br />Demi tujuan hidup Anda<br />dan impian Anda.<br />"It's time to change!!!"<br /><br />Untuk sukses, kita tidak bisa terbang ...<br />Sebab jika jatuh akan sakit, bahkan mungkin mati!<br />Lebih baik ...<br />Kita mempercepat waktunya<br />dengan berlari melalui anak tangga demi anak tangga<br /><br />Ingat ...<br />Memutuskan itu membutuhkan kekuatan dan keyakinan sendiri<br />Menjalankan itu perlu strategi dan konsep.<br />Bukan hanya sekedar jalan,<br />karna Anda akan tersandung dan jatuh!<br /><br /><br /><br /></span>Lusia Mulianahttp://www.blogger.com/profile/16443743828948115938noreply@blogger.com0