Thursday, February 26, 2009

Global Forex

Global Exchange is an advocacy group and non-governmental organization based in San Francisco, California, United States. It was founded in 1989, and funds itself through memberships. Its stated aim is to promote human rights and social, economic, and environmental justice around the world. It has worked to increase public awareness of what it feels are the root causes of injustice, while also building international partnerships. It attempts to address a wide range of issues ranging from worker abuse by U.S. companies to the U.S. war in Iraq. It also maintains that the World Trade Organization undercuts consumer and environmental protections.
Global Exchange also gives reality tours to various countries of the world with the stated aim of educating the visitor with the realities of living in different cultures. Reality Tour locations include or have included Afghanistan, Argentina, Bolivia, Brazil, Cambodia, China, Colombia, Costa Rica, Cuba, Ecuador, Guatemala, Haiti, Honduras, India, Iran, Ireland, Jamaica, Jordan and Syria, Kenya, Mexico, Nicaragua, Palestine/Israel, South Africa, Syria & Lebanon, Tanzania, Thailand, US, Venezuela and Vietnam
Global Exchange was founded by activists Kevin Danaher, Medea Benjamin, and Kirsten Irgens-Moller.
Global Exchange has emerged as one of the pre-eminent NGO against corporate globalization. They have worked closely with many groups around the world in order to promote "fair trade" goods to the public, such as shade-grown coffee from the Chiapas region of Mexico, grown by members of the Zapatista movement EZLN. Global Exchange was also at the forefront of the Seattle WTO protests, and in the interest of solidarity, brought members of the EZLN to the protest.
Global Exchange works in close alliance with an increasingly well-coordinated movement of NGOs. Along with Rainforest Action Network and the Ruckus Society, Global Exchange played a central role in organizing the mass actions at the WTO summit in Seattle in 2000. As a member of the Our World is Not for Sale Network and the Citizens Trade Campaign, Global Exchange opposes all free trade agreements including the North American Free Trade Agreement the Central America Free Trade Agreement (CAFTA), Free Trade Area of the Americas and most economic privatizations.
Politically, Global Exchange has long campaigned in favor of freedom to travel to Cuba and an end to the Cuban embargo, and has also advocated for global regionalism as an alternative to corporate globalization and embodied in the Bolivarian Revolution of Venezuelan President Hugo Chávez and Bolivian President Evo Morales. In regard to the Israel & Palestine conflict, it supports the implementation of human rights and international law on both sides. While it deems any violence towards civilians as tragic, it views the continued Israeli Occupation as the root of the conflict and driving force behind the cycle of violence. It opposes the United States presence in Iraq and any sanctions and military action against Iran - advocating for dialogue rather than what it describes as further "demonization".
In the United States, Global Exchange advocates the public financing of elections, adoption of proportional representation and instant runoff voting, free access to commercial media, the elimination of the Electoral College, and the re-enfranchisement of ex-felons.
Recently, Global Exchange has made possible the Green Festivals in San Francisco and Washington D.C., which bring together fair trade merchants, with environmentally responsible and otherwise progressive companies to showcase their goods and services to consumers. Chicago will host its first Green Festival in 2008.
The Global Exchange Store encourages the principles of socially and economically responsible business by selling products according to Fair Trade Criteria in an online store and stores in San Francisco and Berkeley in California, and Portland, Oregon.
Global Exchange is a coalition partner of Energy Action a coalition of more than 40 organizations from across the U.S. and Canada, founded and led by youth to help support and strengthen the student and youth clean energy movement in North America.
Global Exchange in partnership with Rainforest Action Network and The Ruckus Society runs the Freedom from Oil Campaign advocating a reduction of America’s oil consumption, claiming this will help to reduce oil related conflicts and to stop global climate change. The campaign aims to convince the auto industry to dramatically improve fuel efficiency and to eliminate vehicle greenhouse gas emissions by 2021.

Forex Trading Platform

Retail forex trading is a segment of the vast foreign exchange market. It has been speculated that it represents 3 percent of the whole forex market which amounts to $55-60 billion in daily trading turnover. Due to the increasing tendency in the past years of the gradual shift from traditional intrabank 'paper' trading to the more advanced and accurate electronic trading, there has been spur in software development in this fieldOne of the most important tools required to perform a forex transaction is the trading platform providing retail traders and brokers with accurate currency quotes. This change provided different types of trading platforms and tools intended for the use by banks, portfolio managers, retail brokers and retail traders.
History and new developments
Since 1998, when retail forex trading was introduced, several brokers who lacked the sufficient tools developed their own trading platforms tailored specifically to their needs. These platforms were good enough at the time but required constant investments in R&D and its development cost too much. This was the first wave.
Simultaneously most of the retail brokers kept using and developing their own systems as they waited for better platforms which were yet to be developed.
The second wave was in the early 2000s: several software companies entered the retail forex trading market by launching their own versions of trading platforms. Typically these versions were cumbersome for both front-end users retail trader and back-end users retail brokers due to the misunderstanding of the developers about the forex market and also because of the insufficient programming tools/languages at the time. There are currently few to no brokers which were part of the first wave trading systems. By now most of the first wave brokers have either vanished, merged or progressed to the second wave trading platforms – the most common example of which is Metaquotes.
It is only in the last couple of years that the advanced trading platforms started to emerge. These platforms put much stronger emphasis on the user interface making it more accessible to the retail traders while making trading on it very simple and intuitive. Moreover a very strong emphasis was put on the back-end which allowed the retail brokers better control over their operations, better reporting and accurate system and ways to manage marketing campaigns. Gradually this wave is replacing the previous second wave with a major shift now to the friendlier and more intuitive systems of the third wave, such as ParagonEX which according to Aite Group are necessary in order to maintain growth.

Learn Forex

Learn Forex Trading Become Profitable Trader :

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The Importance of Forex Trading Education:
Before we begin, know that our goal is to give you as much useful information as we can fit on our page.
If you want to follow in any effort, you essential to have persistence and dedication. Even your daily life requires it because if you’re the mode of part who is extremely sluggish and requests to goof around, you’ll attain nothing of importance in your life.
Ever because you were a little kid, you were already educated with the amount of good education. From your playgroup being, pending you finally regulate in seminary, you have keen many time to get a good education. But it doesnt end there. So you see, no count what we do, education continues. And this is eexpressly devoted with forex trading.
Each time you meet a new effort, activity, or thing, the first to come into your brains is to learn about that particular thing or activity.
As you continue to read this article, pay special attention to how parts 1 and 2 relate to one But dont be discouraged; in detail why not use that portion of information to strive hard to get a forex trading education.another.
Statistics have revealed that over 96% professional agents elude a lot of money every day in forex trading lonely.
The monetary sell changes by the exact, or even by the next. Who knows which currencies are a good buy and which arent. Most agents, expressly the starters, judge that they can predict what is about to transpire in forex trading. But you see there is more to predicting the sell; you essential to educate manually still.
If you have a well urban approach, which gives a lot of mass to money and jeopardy management, over time you can actually conduct on draw downs while pregnant consistent takings.
First clothes first, you must have a forex trading approach which contains the key rudiments, namely: money management, jeopardy, and execution. Forex trading is not just about wholesale low currencies and then promotion them when the penalty is high. Profitable agents can explain you more than just discipline, because you also essential to learn about detachment. Ask a professional agent to show and steer you how it is done.
You must have the accurate brainsset in order to be a successful forex agent. To achieve this, your resources should have a explicit benefit. It is not all about profits eexpressly when you’re just a beginner. You should first control if you have a reasonable benefit of your resources.
Most successful forex agents have undergone some variety of education. while forex trading is a high jeopardy effort, it is not astute to directly jerk into the trade.
If you wholly rely on experience and instinct, you may not expected follow in forex trading. But if you have undergone a forex trading education, you are more competent to control load and the stress that comes along with the trade.
Through forex education, you can learn all about the sell procedure, sense the forex chart, how software mechanism, how it is celuded, the right time to bid, and many more. It is the best potential transmit to take before revealing into forex trading.
The FX sell is fickle, and you can understand the location better if you know how to read charts. It will be easier for you to understand the different reasons behind these shifts, and can really help in minimizing the jeopardys that you are ready to undertake.
The very first clothes that you’ll learn in forex trading education are the basics. It includes margin concepts, order modes, rollovers, bids, and leveraging. whisper from that, you can also learn about fundamental and expert breakdown. And finally, you should learn about trading psychology which can explain you about patience, discipline, and commitment.
It is also good if you can learn about the monetary sell’s memoirs. And shrewd the ancient mistakes made by other agents will explain us how to forestall such circumstances. You can get a forex education online or in a traditional category.
Having a forex education is an added help compared to those who havent had any. This is eexpressly valuable for starters, and even for those who have been in trading for some time.
Most professional agents kindly counsel some form of forex education. With a little background and learning about the trade, it is a certain fire way to follow in this line of trade. Instead of making madcap guesses, why not take a forex education category, and make educated decisions when burden the actual trade.

Online Forex

The foreign exchange market Currency Forex or FX market is where currency trading takes place. It is where banks and other official institutions facilitate the buying and selling of foreign currencies. FX transactions typically involve one party purchasing a quantity of one currency in exchange for paying a quantity of another. The foreign exchange market that we see today started evolving during the 1971s when worldover countries gradually switched to floating exchange rate from their erstwhile exchange rate regime, which remained fixed as per the Bretton Woods system till 1972.
The average daily volume in the global foreign exchange and related markets is continuously growing. Traditional daily turnover was reported to be over US$3.2 trillion in April 2008 by the Bank for International Settlements. Since then, the market has continued to grow. According to Euromoney's annual FX Poll, volumes grew a further 44% between 2007 and 2009. Today, the FX market is one of the largest and most liquid financial markets in the world, and includes trading between large banks, central banks, currency speculators, corporations, governments, and other institutions. The purpose of FX market is to facilitate trade and investment. The need for a foreign exchange market arises because of the presence of multifarious international currencies such as US Dollar, Pound Sterling, etc., and the need for trading in such currencies.
Market size and liquidity:

The foreign exchange market is unique because of
· its trading volumes,
· the extreme liquidity of the market,
· its geographical dispersion,
· its long trading hours: 24 hours a day except on weekends (from 24:00 UTC on Sunday until 22:00 UTC Friday),
· the variety of factors that affect exchange rates.
· the low margins of profit compared with other markets of fixed income (but profits can be high due to very large trading volumes)
· the use of leverage
Main foreign exchange market turnover, measured in billions of USD.
As such, it has been referred to as the market closest to the ideal perfect competition, notwithstanding market manipulation by central banks. According to the Bank for International Settlements, average daily turnover in global foreign exchange markets is estimated at $3.98 trillion. Trading in the world's main financial markets accounted for $3.21 trillion of this. This approximately $3.21 trillion in main foreign exchange market turnover was broken down as follows:
· $1.005 trillion in spot transactions
· $362 billion in outright forwards
· $1.714 trillion in foreign exchange swaps
· $120 billion estimated gaps in reporting
Of the $2.98 trillion daily global turnover, trading in London accounted for around $2.36 trillion, or 34.1% of the total, making London by far the global center for foreign exchange. All these developed countries already have fully convertible capital accounts. Most emerging countries do not permit FX derivative products on their exchanges in view of prevalent controls on the capital accounts. However, a few select emerging countries (e.g., Korea, South Africa, India have already successfully experimented with the currency futures exchanges, despite having some controls on the capital account. FX futures volume has grown rapidly in recent years, and accounts for about 8% of the total foreign exchange market volume, according to The Wall Street Journal Europe In second and third places respectively, trading in New York accounted for 16.8%, and Tokyo accounted for 7.0%. In addition to "traditional" turnover, $2.1 trillion was traded in derivatives. Exchange-traded FX futures contracts were introduced in 1972 at the Chicago Mercantile Exchange and are actively traded relative to most other futures contracts. Several other developed countries also permit the trading of FX derivative products (like currency futures and options on currency futures) on their exchanges.

Trading News

Trading the news is a technique to trade equities, currencies and other financial instruments on the financial markets. Trading news releases can be a significant tool for financial investors. Economic news reports often spur strong short-term moves in the markets, which may create trading opportunities for traders. Announcements about corporate profits, a change in management, rumors of a merger, are events that can cause a company's share price to move wildly up or down. Interest rates, unemployment and export rates, or the central bank's policy shifts, can cause a deep change of an exchange rate.

Methods
Investors trading shares of a listed company know there are certain events that cause the share price to rise or fall changes in energy prices, a labor strike at a supplier, a poor month for the sales, for example. Trading the news is the technique of make a profit by trading financial instruments (stock, currency, etc) just in time, and in accordance to the occurrence of those events.
Automatic
Algorithmic trading on news events is a reality. Also known as programmed trading, it is not a new phenomenon, but it is increasing in popularity since the early 2000s. A third of all stock trades in the United States were driven by automatic algorithms in 2005, some studies estimate. Algorithmic trading allows investors to fine-tune their computers to scan live news feeds and watch for items affecting any listed company.