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 forex market that don't have a set of strategies and simply go by "gut feel." This can be dangerous because the trader will eventually fall prey to one of his greatest enemies - his emotions. As part of our forex training program, we teach our traders to apply different trading strategies. The goal of Forex Trading USA is to educate traders to rely less on their fear and greed and more on a disciplined trading approach. The strategies tought will include:
Which currencies to use
No amount of technical analysis in the world can save a trader from a lack of direction. Having a forex system to trade provides the guidance a trader needs to succeed. In our forex trading training the establishment of a specific forex strategy is a primary goal. Generalities don't work in the forex market, so we don't want to fill traders with useless information. We want to create knowledgeable and powerful traders.
What's reassuring at the beginning of this week is the fact that stocks of the United States started to rebound while the investors currently envisage a precipitated passage of the economic invoice of stimulus in the senate. The analysts started to provide that this package of stimulus would obtain last rather quickly because of the poor data of employment published Friday. With such a negative news in the sector of work, the government of the United States will have to undoubtedly take fast measures to avoid this recent turning of the events while it seems to develop in spirals out of the order. But this stimulus will be asse' with stave with to far promote losses in the dollar of the United States?
Insofar as the news goes this week, USD are not placed to receive much information concerning the economic releases. However, because this week can mark the passage of President Barack Obama's economic package of stimulus tradesmen of forex will see a gust of wind of the speeches and press conferences held by high members of the administration the future of the economy, between other matters. The information published of this fa4con can sometimes carry indices subtle as for the future of the other potential legislation of stimulus as well as of the monetary policies and tax. If the bill is indeed voted this Tuesday, as many economists envisage, it can carry the impact of the request for amplification of the goods and the services of the United States, which will increase in the same way the request for USD. The tradesmen could look with an appreciation of the dollar against the majority of its pairs of currency this week.
There were a few other non-financial reasons for opening the account. First, there’s no marginal cost to opening another savings account. HSBC has a well known international name and has consistently been among the leaders in interest rates. I would be hesitant to open an account at a lesser known bank. HSBC’s international presence is also a benefit. When we were in China and Taiwan, HSBC was everywhere (along with Citigroup) and that’s a side benefit. Lastly, my mom has an HSBC account, in part because of the China and Taiwan presence, and having that link is convenient as well.
Opening An HSBC Account
The HSBC account opening process is quick and painless (~10 minutes), though it requires more information than most banks because they try to set up everything in one pass. You start by giving the typical personal information all banks ask including social security number. They do a quick inquiry and ask you for three items from your credit history. Then, you get the option of linking a bank account right there.
They verify your bank account by requesting your login credentials and then login. My bank account was linked within seconds (and the transfer was initiated). No more waiting 3-5 business days for two small deposits, the verification process is done right there. Very nice touch.
After about two days, HSBC starts sending you emails (there are quite a few) about your registration, how to log on and set up your account for the first time. Specifically, they’ll email you a link to the Internet Banking Activation page and a registration code, but don’t bother going trying to activate until you get your temporary password by postal mail. Yeah, they mail your temporary password by pony express.
In all fairness, the letter got here pretty quickly. I opened my account on June 4th, received my temporary registration number by email on June 6th, and received the temporary password on June 7th (the letter was dated June 5th). However, because of the mail, any time that was shaved off in the bank linking portion is now definitely lost waiting for a password via mail (probably why they do that). It’s all done in the name of security but it strikes me as a bit unnecessary and overkill.
From here, you go to the activation page, enter in those codes, set up your account access credentials (which includes a username, password, and security key that must be entered by on-screen keyboard), enter two security questions, and you’re in! (whew!)
Bank to Bank Transfers
Well, I was curious as to whether HSBC would let me link up with ING Direct and they did! I submitted a request through the Bank to Bank Transfer online form, HSBC made two trial deposits to my ING Derect account, I verified the transaction and the link was created. It’s important to remember that Federal Reserve Regulation D limits the number of transactions on a savings account to six a month, so I just expended two in the verification process.
Quicken & Money Data Support
Quicken and MS Money data addicts users will be happy to know that HSBC Direct offers support for both applications (for Quicken, you get Windows and Mac version support).
Thoughts
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 Account
You'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 balance requirements. You will not have to pay one monthly fee after another, either. What you will get is an Annual Percentage Yield (APY) that's very competitive. You have your choice of bank and checking account that you want to connect your H.S.B.C. Direct account to. Your money is also FDIC-insured the highest possible amount.
H.S.B.C. makes it very easy to make deposits or withdrawals with your account. You'll love the convenience this account provides you with. You can also easily transfer money online back and forth from one account to another. Although you can view your statements online, you can also export your data into MS Money or Quicken or save and print them in PDF formats.
H.S.B.C. Direct Savings Account offers you some of the best and most convenient features without the many fees that are common with other banks. You will NOT be charged monthly fees, bank-to-bank transfer fees, bill payment fees, pre-authorized payment fees and ATM fees if you're using an ATM in the HSBC Network. Withdrawals and deposits can also be made from any HSBC Bank in Canada as well.
Easy Access to Your Account
One of the many things you'll love about the H.S.B.C. Direct Savings Accounts (besides all the benefits) is the easy access you'll have to your account. When you log onto the HSBC Direct site, you'll immediately see the link for you to access your account. The first page you'll see will be the Account Summary page, which tells you almost everything you need to know. The account information you'll see is current as of today. Unlike traditional checking accounts where you have to wait to get your monthly checks to verify your account, you can see up-to-date information every day! Some of the things you'll see on the Account Summary page include:
· Your current bank balance
· Your available balance
· Last statement date
· Interest year to date
· The last 9 transactions on your account
Setting up your new H.S.B.C. Direct Savings Account is fast and easy, so don't waste any more time getting all you can possibly get from your money. Shouldn't you get every possible benefit you can when you're able to save money? Every possible benefit is exactly what you'll get from H.S.B.C..
