Reasons for Trading in Forex

Posted 11/11/10
When compared to trading in other financial instruments such as equities, trading in Forex has some distinct advantages. They include: • The Forex market is the largest financial market and thus no single person or entity has the ability to corner or dominate the market. • The Forex market has an average of $3.2 trillion dollars per day. With such a large volume, no one can hope to control the market for an extended period of time. • Taking charge of your own finances. You will be able to harvest better returns than those of mutual funds or hedge funds. • The initial capital outlay is low when compared to equity trading. • The Forex markets moves in patterns. Thus with technical analysis, one can actually predict the trends in the Forex market. • There is a high level of leverage to utilize when it comes to Forex trading unlike the equity market. • With 24 hours trading and its high trading volume, the Forex market is...
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U.S stocks close in green on cheerful earnings

Posted 24/10/10
The world's leading economy saw its shares closing in green today as cheerfulness was spread across the stocks markets after that the third quarter financial results posted at Boeing Co. and Yahoo! Inc came out cheerful and higher-than-estimated, indicating clearly that the recovery did not strongly affect the performance of huge corporations of the country while it is speculated that the Federal Reserve will inject more money into the economy.   Indices performance came as follows:   The Dow Jones Industrial Average index gained 129.35 points or 1.18% to close at 11107.97 levels, the index reached the highest point at 11152.88 and the lowest point at 10970.89, By closing 27 shares inclined while 3 shares declined. The index added and slashed points based on the performance of the upcoming stocks; the stocks adding the most points to the index were Boeing Co stock as it inclined $2.31 or 3.35% to add 17.48 points and close at $71.36, then came Caterpillar Inc share as it inclined...
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