Monday, February 16, 2009
Foreign Exchange Rates For May 11, 2006 In Nepal
The foreign exchange rates for May 11, 2006 as fixed by Nepal Rastra Bank are as follow:
Applications of the indicators
To start with, the Kumo (or most people call it cloud) is getting more popular among chartists to identify support and resistance area. When price is trading above the Kumo, the prevailing trend is said to be up and the Kumo will be treated as the support area whilst if price is below the Kumo, the trend is said to be down and the cloud will become resistance area instead.
If the price is below the Kumo (cloud), the lower line (i.e. the Senkou Span A) acts as the first resistance level, and the upper line (i.e. Senkou Span B) becomes the second resistance level.
If the price is above the cloud, its upper line (i.e. the Senkou Span A) acts the first support level, and the lower line (i.e. the Senkou Span B) becomes the second support level.
One more thing is that the thickness of the Kumo (cloud) also indicates the market volatility. A thin layer of cloud implies the current volatility is low whilst a thick cloud implies increasing volatility.
The applications of the 2 lines - Tenkan-Sen and Kijun-Sen are quite similar to moving average studies, buy and sell signals are generated when short-term line (Tenkan-Sen) crossover the longer-term line (Kijun-Sen).
A buy signal is generated when the Tenkan-Sen crosses above the Kijun-Sen from below. On the other hand, a sell signal is generated when the Tenkan-Sen crosses below the Kijun-Sen from above. However, one clear advantage of using Ichimoku Kinko over the moving average crossover is that the area where the Tenkan-Sen crosses the Kijun-Sen will dictate the relative strength of that buy/sell signal.
If a buy signal (i.e. the Tenkan-Sen crosses above the Kijun-Sen from below) happens above the Kumo (or cloud), this would be considered as a very strong buy signal as the cloud is representing support / resistance area.
Similarly, if a sell signal (i.e. the Tenkan-Sen crosses below the Kijun-Sen from above) occurs below the cloud, this would be considered as a very strong sell signal. If the buy/sell signal occurs inside the Kumo (or cloud), this signal will be treated as normal.
Finally, if the buy signal happens below the cloud, it will be viewed as a weak signal whilst if the sell signal occurs above the cloud, it will be treated as a weak signal also.
If the price is below the Kumo (cloud), the lower line (i.e. the Senkou Span A) acts as the first resistance level, and the upper line (i.e. Senkou Span B) becomes the second resistance level.
If the price is above the cloud, its upper line (i.e. the Senkou Span A) acts the first support level, and the lower line (i.e. the Senkou Span B) becomes the second support level.
One more thing is that the thickness of the Kumo (cloud) also indicates the market volatility. A thin layer of cloud implies the current volatility is low whilst a thick cloud implies increasing volatility.
The applications of the 2 lines - Tenkan-Sen and Kijun-Sen are quite similar to moving average studies, buy and sell signals are generated when short-term line (Tenkan-Sen) crossover the longer-term line (Kijun-Sen).
A buy signal is generated when the Tenkan-Sen crosses above the Kijun-Sen from below. On the other hand, a sell signal is generated when the Tenkan-Sen crosses below the Kijun-Sen from above. However, one clear advantage of using Ichimoku Kinko over the moving average crossover is that the area where the Tenkan-Sen crosses the Kijun-Sen will dictate the relative strength of that buy/sell signal.
If a buy signal (i.e. the Tenkan-Sen crosses above the Kijun-Sen from below) happens above the Kumo (or cloud), this would be considered as a very strong buy signal as the cloud is representing support / resistance area.
Similarly, if a sell signal (i.e. the Tenkan-Sen crosses below the Kijun-Sen from above) occurs below the cloud, this would be considered as a very strong sell signal. If the buy/sell signal occurs inside the Kumo (or cloud), this signal will be treated as normal.
Finally, if the buy signal happens below the cloud, it will be viewed as a weak signal whilst if the sell signal occurs above the cloud, it will be treated as a weak signal also.
Guide to Ichimoku Analysis in Forex Trading
First of all, the Japanese word "Ichimoku" means "one glance", "Kinko" means "balance / equilibrium and "Hyo" means "chart", in short Ichimoku Kinko means to see the equilibrium at a glance. Basically, the indicator is best used to define market trend, support and resistance and finally generate buy/sell signals.
Ichimoku Kinko Hyo consists of 5 lines and a "Kumo" or known as "cloud" as most people call it, they are:
1. Tenkan-Sen (Conversion Line) -- (Highest High + Lowest Low)/2, for the past x periods (Traditionally x=9)
2. Kijun-Sen (Base Line) -- (Highest High + Lowest Low)/2, for the past y periods (Traditionally y= 26)
3. Chikou Span (Lagging Span) -- Today's closing price plotted y periods behind
4. Senkou Span A -- (Tenkan-Sen + Kijun-Sen) / 2, plotted y periods ahead
5. Senkou Span B -- (Highest High + Lowest Low) / 2, for the past z periods, plotted y periods ahead (z = 52)
The space between the Senkou Span A and Senkou Span B is known as the Kumo or the cloud.
Ichimoku Kinko Hyo consists of 5 lines and a "Kumo" or known as "cloud" as most people call it, they are:
1. Tenkan-Sen (Conversion Line) -- (Highest High + Lowest Low)/2, for the past x periods (Traditionally x=9)
2. Kijun-Sen (Base Line) -- (Highest High + Lowest Low)/2, for the past y periods (Traditionally y= 26)
3. Chikou Span (Lagging Span) -- Today's closing price plotted y periods behind
4. Senkou Span A -- (Tenkan-Sen + Kijun-Sen) / 2, plotted y periods ahead
5. Senkou Span B -- (Highest High + Lowest Low) / 2, for the past z periods, plotted y periods ahead (z = 52)
The space between the Senkou Span A and Senkou Span B is known as the Kumo or the cloud.
Sunday, February 15, 2009
Preventing the Counterfeiting of the U.S. Dollar
In recent years, advanced copying technologies have helped raise the incidence of counterfeiting of the U.S. dollar. As the quality and sophistication of reproduction technology improves, the sophistication and complexity of our currency notes need to improve as well. As a result, the United States government has been adding advanced security features to our paper money, in addition to anticipating the enhancement of the design of the currency every 7-10 years. These changes are the first major design changes to take place for the U.S. currency since 1928.
In the early 1990s, the three most important and easy to check security features were added to the U.S. currency: the watermark, the security thread, and the color shifting ink. These security features are still in use today and continue to be extremely effective in detecting counterfeit money. The most recent change in the design of the currency is the addition of color. The new color of the money is thought to be safer, smarter, and more secure. The most recent bill to be entered into circulation with this new color was the $10 bill on March 2, 2006.
Overall, counterfeiting of U.S. currency remains extremely low. This is due primarily to the combination of improvements in the notes' security features as mentioned above, aggressive law enforcement, and educational efforts to inform the public about how to verify their currency. According to statistics, the amount of counterfeit U.S. currency worldwide is less than one percent of genuine U.S. currency in circulation.
Most recently, the government has detected a pattern of which counterfeiters bleach the ink off of the $5 bills, and then print counterfeit $100 bills on the paper. This is especially deceiving to the public because of the similar placement of security features on the bills. In response to this, the government has decided to redesign the $5 bill in an attempt to ensure that this problem does not continue into the future.
The best way the public can protect themselves from counterfeit currency is to know the different security features to look for in authentic U.S. currency. The government will continue their worldwide public education program to raise awareness of changes to the U.S. currency and help to protect our money.
In the early 1990s, the three most important and easy to check security features were added to the U.S. currency: the watermark, the security thread, and the color shifting ink. These security features are still in use today and continue to be extremely effective in detecting counterfeit money. The most recent change in the design of the currency is the addition of color. The new color of the money is thought to be safer, smarter, and more secure. The most recent bill to be entered into circulation with this new color was the $10 bill on March 2, 2006.
Overall, counterfeiting of U.S. currency remains extremely low. This is due primarily to the combination of improvements in the notes' security features as mentioned above, aggressive law enforcement, and educational efforts to inform the public about how to verify their currency. According to statistics, the amount of counterfeit U.S. currency worldwide is less than one percent of genuine U.S. currency in circulation.
Most recently, the government has detected a pattern of which counterfeiters bleach the ink off of the $5 bills, and then print counterfeit $100 bills on the paper. This is especially deceiving to the public because of the similar placement of security features on the bills. In response to this, the government has decided to redesign the $5 bill in an attempt to ensure that this problem does not continue into the future.
The best way the public can protect themselves from counterfeit currency is to know the different security features to look for in authentic U.S. currency. The government will continue their worldwide public education program to raise awareness of changes to the U.S. currency and help to protect our money.
Forex Trading Resources
The forex market allows you to buy and sell currencies similar to how you would stocks or commoditities. Foreign exchange trading, or forex for short, is the largest market in the world involving over $2 trillion in daily trading volume . Forex, like commodities trading, is a regulated industry. Forex companies in the US need to be registered with the CFTC and are policed by the NFA. Learning more about this market can seem overwhelming to those new to currency trading, but with the right resources learning to trade forex online can be a lot easier. Online Forex Trading educational resources can be found several places like:
- DailyFX.com which has news articles, free charts and trading signals
- FXCMEspanol has spanish language resources like free practice accounts
- Yahoo Finance is also a great resource for international articles
- Forex Tools and reviews can also be found to help new traders find what is best for them
- FXCM has English language forex resources
There are also several forex courses available from a variety of companies that teach you the basics of trading. We also offer a forex for beginners article that provides more details about how to get started trading forex online. Many traders often jump right into currency trading with a free forex practice account . From there, there are several free charting and news sources available. Remember, there is risk involved with forex trading and only descretionary income should ever be used.
- DailyFX.com which has news articles, free charts and trading signals
- FXCMEspanol has spanish language resources like free practice accounts
- Yahoo Finance is also a great resource for international articles
- Forex Tools and reviews can also be found to help new traders find what is best for them
- FXCM has English language forex resources
There are also several forex courses available from a variety of companies that teach you the basics of trading. We also offer a forex for beginners article that provides more details about how to get started trading forex online. Many traders often jump right into currency trading with a free forex practice account . From there, there are several free charting and news sources available. Remember, there is risk involved with forex trading and only descretionary income should ever be used.
Online Investing And Forex Trading
Online trading has caused a major paradigm shift in investing. At the turn of the millennium, there are over 6 million online investment accounts, up from 1.5 million in 1997. As a result, start-up firms now compete directly with financial institutions to serve investors in the new Economy, and the clear winner is the customer. The competition between the brick and mortar institutions and the Internet-based companies has dramatically lowered the costs of investing, and empowered the individual investor to take control of their own investment strategy.
On-line trading will revolutionize the currency markets by making it accessible to the small and medium sized investor. For the first time, these investors have the ability to execute transactions of between $100,000 and $10,000,000 at the same prices the Interbank market offers for deals well over $10,000,000. This benefits both those who wish to speculate on the direction of the currency markets for profit, as well as the money manager or corporate treasurer looking to hedge against unwanted exposure to future price fluctuations in the currency markets. I am going to discuss the Benefits of Trading Forex.
Very few on-line brokers are able to offer their clients real-time bid/ask quotes, which facilitates instantaneous deal execution - no missed market opportunities. Real-time prices also allow investors to compare an on-line broker’s dealing spread with that of other pricing services, to ensure they are receiving the best possible price on all their Forex transactions.
Many on-line Forex brokers require their clients to request a price before dealing. This is disadvantageous for a number of reasons, primarily because it significantly lengthens the execution process from just a few seconds to possibly as long as a minute. In a fast paced market, this could make a significant difference in an investor’s profit potential. Also, some of the more unscrupulous brokers may use the opportunity to look at an investor’s current position. Once they have determined whether the investor is a buyer or a seller, they ’shade’ the price to increase their own profit on the transaction.
Timing is everything in the fast-paced Forex market. On-line trades are executed and confirmed within seconds, which ensures that traders do not miss market opportunities. Even the incremental extra time it takes to complete a transaction over the phone can mean a big difference in profit potential. Introduction simply, executing trades electronically reduces manual effort, thereby lowering the costs of doing business. On-line brokers are then able to pass along the savings to their client base. The fast-paced nature of the Forex market compels traders to execute multiple trades each day. It is vital for each client to have real-time information about their current position in order to make well-informed trading decisions.
Access to timely and relevant information is critical. Professional traders pay thousands of dollars each month for access to major information providers. However, the very nature of the Internet affords users free access to reliable market information from a variety of sources, including real-time price quotes, international news, government-issued economic indicators and reports, as well as subjective information such as expert commentary and analysis, trader chat forums etc.
The main advantage of the Forex market over any exchange-traded instruments is that the Forex market is a true 24-hour market. Whether it’s 6pm or 6am, somewhere in the world there are always buyers and sellers actively trading Forex so that investors can respond to breaking news immediately. In the currency markets, your portfolio won’t be affected by after hours earning reports or analyst conference calls. The ECNs (Electronic Communication Networks) exist to bring together buyers and sellers when possible.
On-line trading will revolutionize the currency markets by making it accessible to the small and medium sized investor. For the first time, these investors have the ability to execute transactions of between $100,000 and $10,000,000 at the same prices the Interbank market offers for deals well over $10,000,000. This benefits both those who wish to speculate on the direction of the currency markets for profit, as well as the money manager or corporate treasurer looking to hedge against unwanted exposure to future price fluctuations in the currency markets. I am going to discuss the Benefits of Trading Forex.
Very few on-line brokers are able to offer their clients real-time bid/ask quotes, which facilitates instantaneous deal execution - no missed market opportunities. Real-time prices also allow investors to compare an on-line broker’s dealing spread with that of other pricing services, to ensure they are receiving the best possible price on all their Forex transactions.
Many on-line Forex brokers require their clients to request a price before dealing. This is disadvantageous for a number of reasons, primarily because it significantly lengthens the execution process from just a few seconds to possibly as long as a minute. In a fast paced market, this could make a significant difference in an investor’s profit potential. Also, some of the more unscrupulous brokers may use the opportunity to look at an investor’s current position. Once they have determined whether the investor is a buyer or a seller, they ’shade’ the price to increase their own profit on the transaction.
Timing is everything in the fast-paced Forex market. On-line trades are executed and confirmed within seconds, which ensures that traders do not miss market opportunities. Even the incremental extra time it takes to complete a transaction over the phone can mean a big difference in profit potential. Introduction simply, executing trades electronically reduces manual effort, thereby lowering the costs of doing business. On-line brokers are then able to pass along the savings to their client base. The fast-paced nature of the Forex market compels traders to execute multiple trades each day. It is vital for each client to have real-time information about their current position in order to make well-informed trading decisions.
Access to timely and relevant information is critical. Professional traders pay thousands of dollars each month for access to major information providers. However, the very nature of the Internet affords users free access to reliable market information from a variety of sources, including real-time price quotes, international news, government-issued economic indicators and reports, as well as subjective information such as expert commentary and analysis, trader chat forums etc.
The main advantage of the Forex market over any exchange-traded instruments is that the Forex market is a true 24-hour market. Whether it’s 6pm or 6am, somewhere in the world there are always buyers and sellers actively trading Forex so that investors can respond to breaking news immediately. In the currency markets, your portfolio won’t be affected by after hours earning reports or analyst conference calls. The ECNs (Electronic Communication Networks) exist to bring together buyers and sellers when possible.
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