Forex Trading

A trading strategy is a systematic, step-by-step, approach to trading. Using a forex system to trade is of utmost importance to the long-term success of a forex trader. A forex trading system or strategy will equip a new trader with a set of steps to follow; a set of steps that will build discipline and self confidence in the trader. There are many traders in the ...

Last week finished with a dull report/ratio of the Ministry of Labour of the United States which showed with the nonagricultural books of pay the fall 598,000 additional work this month, employment the deepest half-compartment inside 34 years! The tradesmen saw that USD fall against each important pair of currency, except the JPY, consequently. After closing session of Thursday's upwards against Euro on the level of prices 1.2835, USD turned around and lost a healthy part of its dash Friday, closing the week with 1.2966. Against pound sterling, the banknote continued to take the loss and currently trades to 1.4843.What's reassuring at the beginning of this week is the fact that stocks of the ...

HSBC Direct has usually had one of the most competitive interest rates, so I opened an account there. I didn’t open it because I was planning on moving funds from a 2.70% ING Direct account, I did it because the cost of opening an online savings account was near zero and because I could then start funneling income deposited into a 0% Bank of America checking account into the new HSBC Direct account. It doesn’t make much ...

Saving money should be fun and still be profitable. With the H.S.B.C. Direct Savings Account, that's exactly what you get. H.S.B.C. knows how hard you work for your money and want to help you save it and watch it grow. With economy as tough as it is today, it's not always as easy to save money as we'd like so H.S.B.C. wants to make it as easy for you as possible by offering you the H.S.B.C Direct Savings Account.What's So Special About the H.S.B.C. Direct Savings AccountYou'll love all the benefits that come with your H.S.B.C. Direct Savings Account. Unlike many savings accounts that require you to have a certain balance in your account at all times, H.S.B.C. Direct Savings Account has no minimum ...

Citigroup and Bank of America, the stricken US banking giants, surprised Wall Street analysts by posting better than expected second-quarter earnings on Saturday. After taking billions of taxpayer dollars to stave off collapse, the Citi and BoA results were eagerly anticipated in the wake of impressive figures from Goldman Sachs and JP Morgan earlier this week. Bank of America, which has endured a number of problems since merging with Merrill Lynch last year, said its earnings after payment of preferred dividends were $2,42-billion in the second quarter – a fall on a year ago but still ahead of forecasts.It said its results reflected a gain from selling part of its stake in China Construction ...

The government has told Bank of America it needs $33.9 billion in capital to withstand any worsening of the economic downturn, according to an executive at the bank.If the bank is unable to raise the capital cushion by selling assets or stock, it would have to rely on the government, which has provided $45 billion in capital through the Troubled Asset Relief Program.It could satisfy regulators’ demands simply by converting non-voting preferred shares it gave the government in return for the capital, into common stock. But that would make the government one of the bank’s largest shareholders.Executives at the bank, one of the largest being examined, sparred with the government over the amount, ...

Bank of China Limited announced its 2009 first quarter results today. In accordance with International Financial Reporting Standards (“IFRS”), BOC recorded profit attributable to the shareholders of RMB 18.57 billion, down by 14.41% year-on-year, but up by 320.42% from the fourth quarter of 2008. Fully capitalizing on the opportunities with the State’s measures to increase domestic demand and stimulate economic growth, BOC accelerated its pace in loans and deposits expansion and achieved rapid growth. As at 31 March 2009, the Bank’s domestic RMB-denominated loans increased by RMB 569.4 billion or 24% compared with the end of 2008 and the market share increased by 0.62 percentage point. Domestic ...

Borrowers looking for a new mortgage deal can now add Bank of China to their list of potential lenders, as the Chinese state-owned bank is targeting the UK with competitive loan rates.Bank of China has been providing mortgages to the Chinese community in the UK but has recently broadened the availability of its loans. It is now offering two tracker deals to a wider pool of UK borrowers.The rates – of 2.5 per cent over the Bank of England base rate for residential borrowers and 3.5 per cent over base for buy-to-let customers for the lifetime of the loan – are among the best on the market and undercut many UK lenders.HSBC and Woolwich have similar lifetime trackers but a number of shorter-term ...

March 6 (Bloomberg) -- Bank of China Ltd., the nation’s third-largest by value, will offer at least 500 billion yuan ($73 billion) in new loans in 2009, boosting credit along with other banks after the government directed them to support the economy. Chinese Premier Wen Jiabao set a new loan growth target of 5 trillion yuan for 2009 this week as he prods banks to help support a 4 trillion-yuan stimulus package. Collapsing exports have dragged the world’s third-largest economy to its weakest growth in seven years and cost the jobs of about 20 million migrant workers. Domestic lenders offered a record 1.62 trillion yuan in new advances in January, more than double the previous all-time high ...

Despite stock market shocks, falling returns for investors and many other forms of bad news, I recently completed one of the most important financial objectives of my life. No, not to repay the mortgage or furnish myself with an adequate pension; both of those goals still lie some way off in the future. If you want another clue, this was an ambition shared by rising numbers of parents in Britain. Yes, you have guessed it: I finished paying the school fees. To be candid, this was an infinitely more worrying project than paying for the roof over our heads or funding retirement, because it would not have been me who suffered if I made a mess of it. It would be no ...

Intel Corp. (NASDAQ:INTC) says it will appeal the European Commission's decision to fine the U.S. chipmaker about €1.06 billion ($1.45 billion) for abusing its dominance in the market to exclude Advanced Micro Devices. The fine levied against Intel beats the previous record for an EC antitrust fine, which was held by another U.S. high-tech company: Microsoft Corp. (NASDAQ:MSFT)."Intel has harmed millions of European ...

The search deal between Microsoft Corp. (NASDAQ:MSFT) and Yahoo! Inc. (NASDAQ:YHOO) has been a long time coming. But now that it's here, shareholders' reaction to the deal (announced before market) has been both negative and swift. Yahoo!'s stock's tumbled 7% right out of the gate and kept going into the early afternoon.Shares of Yahoo! were down over 11% around 1 pm EDT on Wednesday, while Microsoft edged up only ...

The search deal between Microsoft Corp. (NASDAQ:MSFT) and Yahoo! Inc. (NASDAQ:YHOO) has been a long time coming. But now that it's here, shareholders' reaction to the deal (announced before market) has been both negative and swift. Yahoo!'s stock's tumbled 7% right out of the gate and kept going into the early afternoon.Shares of Yahoo! were down over 11% around 1 pm EDT on Wednesday, while Microsoft edged up only ...

Welcome to Deal Stocks, where we focus on a handful of select public companies involved in activity across the deal spectrum -- including M&A, private equity, IPOs, bankruptcies and corporate restructurings. These are the transactions that define The Deal and are likely contributors to a stock's gains or losses. Join in the conversation on Twitter @dealstocks. The market was celebrating on Thursday as ...

Barclays plc is still down on news that its $10.6 billion fundraising deal will be approved. The bank is also suing Ritchie Capital Management and Thane Ritchie for apparently concealing more than $150 million in investments made in the collapsed Petters Group Worldwide LLC and affiliates, according to Bloomberg. Meanwhile, HSBC Holdings plc stocks also remain on decline as recession concerns escalate. After a rough week, Lloyds TSB Group plc is back up after shareholders approved the HBOS plc deal. - Maria Woehr. Troubled International Banks Prices at 12:00 pm EDT Name Open Price at 12:00pm Change Mkt cap UBS 9.39 9.30 0.02 ...

Barclays' offshore banking solutions are often chosen by British expatriates who already have a business relationship with the bank before they leave the UK and who are aware of the bank's pedigree and reputation. All in all Barclays offshore banking division services the main requirements of the individual and corporate client, and because Barclays have a good industry recognised reputation from Standard and Poors, Fitch and Moodys their offshore and international client base is apparently growing. The focus of the private and premier banking services available from the offshore division of the bank is the provision of a first class service for the management, protection and growth of a client's ...

In a recent "2009 Selection of Values of Chinese Listed Companies & The 1st Selection of The Most Popular Network of Listed Company for Investors", ICBC won 6 big awards including "Top 100 Valuable Chinese Listed Companies", "Excellent Management Teams of Chinese Listed Companies", "Top 100 Secretaries of Board of Directors of Chinese Listed Companies", "The Best Chinese Listed Company with Social Responsibility", "The Most Popular Network of Listed Company for Investors" and "The Best Network of Chinese Listed Company in Information Disclosure". According to introduction that "2008 Selection of Values of Chinese Listed Companies" was hosted by Securities Daily, aiming to praise some excellent ...

SHANGHAI — China's biggest lender, state-owned Industrial & Commercial Bank of China, on Friday signed a $3.78-billion investment deal with Goldman Sachs Group Inc., American Express Co. and Germany's Allianz. The deal, aimed at building "strategic partnerships" in banking, insurance and credit card businesses, will involve the purchase of newly issued shares in the Beijing-based bank, known as ICBC, the companies said. The deal is subject to regulatory approval. The bank earlier had announced that the three companies planned to buy a combined 10% stake. Although the transaction will not be completed until April at the earliest, Allianz will begin immediately to sell investment funds and ...

Bank of Scotland International has recorded strong financial result during 2006 and has seen operating profits increase to £39.4m from £37.8m in 2005. Financial highlights include: A record year for savings balance growth, with the value of savings deposits increasing by 23%. In particular, Bank of Scotland International's fixed deposit offering has been spectacularly successful, contributing £600m of the £1bn increase in balances.£1bn additional Treasury deposits.The highest year-on-year increase in mortgage volumes, which increased by 56%. This was assisted by a strong sales performance and the distribution partnership ...

Bank of Scotland International is the international banking division of Bank of Scotland plc, part of Lloyds Banking Group. It is headquartered in Jersey. It also has operations in the Isle of Man and Hong Kong. [1].The Bank offers offshore banking facilities to customers, with accounts available in Pound sterling as well as US dollars and euros.The Bank was formed shortly after the merger of Bank of Scotland and Halifax to form HBOS, and the two bank's international arms were merged. Bank of Scotland Offshore Limited, based in the Isle of Man was merged with Halifax International Limited based in Jers ...

On 22 September 2008, RFS Holdings B.V., the company incorporated by RBS, Fortis and Santander to acquire ABN AMRO Holding N.V. (“ABN AMRO”), completed the squeeze out of minority shareholders of ABN AMRO. As a result, RFS Holdings B.V. has now become the sole shareholder of ABN AMRO.ABN AMRO Holding N.V. held its final General Meeting of Shareholders on 11 April 2008 at the Head Office of ABN AMRO Bank N.V., Gustav Mahlerlaan 10, 1082 PP Amsterdam, the Netherlands. On this page you can find more information about that meeting and others that have taken place in the pa ...

LONDON — The Royal Bank of Scotland said on Tuesday that it might cut as many as 9,000 jobs worldwide as the troubled British bank, which is majority-owned by the government, sought to reduce costs and repay government funds.And as expected, the British government increased its stake in the bank to 70 percent on Tuesday from 58 percent after investors shunned a share sale offer that expired Monday, leaving the government to purchase the unsold shares.The job cuts would affect back-office operations and would add to the 2,700 already announced in Britain for this year. The bank said the actual number of layoffs would be lower than 9,000 because “natural turnover” and “less use of agency staff” ...

Shannon Stapleton/Reuters Updated May 6, 2009 Over the last decade, through an aggressive series of acquisitions, Bank of America has transformed itself from a regional institution into the nation's largest brokerage house and consumer banking franchise. But its largest and boldest move -- the September 2008 purchase of Merrill Lynch, when that famed brokerage house was at death's door -- may have been a deal too far. ...

Credit card issuers have drawn fire for jacking up interest rates on cardholders who aren't behind on payments but whose credit scores have fallen for other reasons. Now, some consumers complain, Bank of America is increasing rates based on no apparent deterioration in their credit scores at all. The major credit card lender in mid-January sent letters notifying some responsible cardholders that it would more than double their rates to as high as 28%, without giving explanations for the increases, according to copies of five letters obtained by BusinessWeek.Fine print at the end of the letter -- headed "Important Amendment to Your Credit Card Agreement" –- advised calling an 800-number for the ...

The new office will be opened by its offshore wealth management arm, Barclays International, and will offer UAE investors with US$200,000 or more to invest a comprehensive banking and investment advisory service. The office opening is part of Barclays strategic expansion into key international markets, of which the UAE has been identified as a crucial growth area. It follows Barclays International's expansion into ...

Wikizines are interactive magazines that anyone can create or edit - and this one is about Paris Barclay. Here you can find fresh voices and respond in real time. Some members write articles about recent news and trends related to the wikizine's topic, others recount relevant personal stories or share their favorite pictures and video clips. Got an interesting idea or story to share with other members of this wikizine? ...

Money management is a critical point that shows difference between winners and losers. It was proved that if 100 traders start trading using a system with 60% winning odds, only 5 traders will be in profit at the end of the year. In spite of the 60% winning odds 95% of traders will lose because of their poor money management. Money management is the most significant part of any trading system. Most of traders don't understand how important it is.It's important to understand the concept of money management and understand the difference between it and trading decisions. Money management represents the amount of money you are going to put on one trade and the risk your going to accept for this ...