Foreign Exchange Currency Fraud  

Posted by Asad Ali in

Beware of Foreign Currency Trading FraudsThe advertisements seem too good to pass up. They tout high returns coupled with low risks from investments in foreign currency (“forex”) contracts. Sometimes they even offer lucrative employment opportunities in forex trading.
Do these deals sound too good to be true? Unfortunately, they are , and investors need to be on guard against these scams. They may look like a new sophisticated form of investment opportunity, but in reality they are the same old trap – financial fraud in fancy garb.
Forex trading can be legitimate for governments and large institutional investors concerned about fluctuations in international exchange rates, and it can even be appropriate for some individual investors. But the average investor should be wary when it comes to forex offers.
The Commodity Futures Trading Commission (CFTC) and the North American Securities Administrators Association (NASAA) warn that off-exchange forex trading by retail investors is at best extremely risky, and at worst, outright fraud.
What are forex contracts?Forex contracts involve the right to buy or sell a certain amount of a foreign currency at a fixed price in U.S. dollars. Profits or losses accrue as the exchange rate of that currency fluctuates on the open market. It is extremely rare that individual traders actually see the foreign currency. Instead, they typically close out their buy or sell commitments and calculate net gains or losses based on price changes in that currency relative to the dollar over time.
Forex markets are among the most active markets in the world in terms of dollar volume. The participants include large banks, multinational corporations, governments, and speculators. Individual traders comprise a very small part of this market. Because of the volatility in the price of foreign currency, losses can accrue very rapidly, wiping out an investor’s down payment in short order.
How do the scams work?Forex scams attract customers with sophisticated-sounding offers placed in newspaper advertisements, radio promotions, or on Internet sites. Promoters often lure investors with the concept of leverage: the right to “control” a large amount of foreign currency with an initial payment representing only a fraction of the total cost. Coupled with predictions about supposedly inevitable increases in currency prices, these contracts are said to offer huge returns over a short time, with little or no downside risk.
In a typical case, investors may be assured of reaping tens of thousands of dollars in just a few weeks or months, with an initial investment of only $5,000. Often, the investor’s money is never actually placed in the market through a legitimate dealer, but simply diverted – stolen -- for the personal benefit of the con artists.
What are regulators doing?The CFTC is the federal agency with the primary responsibility for overseeing the commodities markets, including foreign currency trading. Many state securities regulators also have the right under their state laws to take action against illegal commodities investments. Sometimes, the CFTC and the states work together on cases. Some examples –
>> In 2005, the CFTC and the Commissioner of Corporations of the State of California sued National Investment Consultants, Inc., and others in US District Court for the Northern District of California for engaging in a forex scam involving approximately $2 million in customer funds. In 2006, the Court ordered restitution and fines amounting to $3.4 million.
>> Also in 2005, the CFTC and the Texas State Securities Board (TSSB) engaged in a cooperative enforcement effort against Premium Income Corp. (PIC) and its principals. The CFTC and SEC filed an action in U.S. District Court for the Northern District of Texas and the TSSB filed an administrative action charging PIC and its principals with engaging in an illegal $11 million forex operation. To date, the federal court has found three corporate defendants liable to pay restitution of $12 million and each was assessed a fine of $37 million. The State of Texas also has obtained cease and desist orders along with various criminal indictments and convictions. PIC’s president is currently incarcerated on charges stemming from his forex scam.
>> In 2004, Gregory Blake Baldwin, of Utah, pleaded guilty to fraud after his firm, Sunstar Funding, accepted $228,500 from 33 investors for placement into the foreign currency market. Their money was not placed in the foreign currency market but used to pay some past investors and for personal expenses. >> In 2003, the CFTC and the State of Oregon Department of Consumer and Business Services sued Orion International, Inc., and its principals in US District Court for the District of Oregon for fraudulently soliciting over $40 million to participate in a purported forex fund. Orion, and its president Russell Cline, misappropriated virtually all the customer funds. In 2006, the Court entered fines and restitution orders against the defendants totaling almost $150 million. Cline is currently incarcerated on charges stemming from his forex scam.
>> In 2002, the CFTC, SEC and State of Utah filed action against a company known as “4NExchange” for violations of state and federal laws as the firm’s principals illegally offered foreign currency contracts through an alleged Ponzi scheme that cost investors nearly $15 million.
What are the warning signs of fraud?If you are solicited by a company that claims to trade foreign currencies and asks you to invest funds, you should be very careful. Watch out for the following warning signs:
1. Be wary of promises that sound too good to be true: “You can make six figure profits within a year; forex investments are very low risk; You can double your money.” Get-rich-quick schemes, including those involving foreign currency trading, tend to be frauds.
2. Be skeptical about unsolicited phone calls offering investments, especially those from out-of-state salespersons or companies that are unfamiliar.
3. Be especially cautious if you have acquired a large sum of cash recently and are looking for an investment vehicle. In particular, retirees with access to their retirement funds may be attractive targets for fraudulent operators. Getting your money back once it is gone can be difficult or impossible.
4. Be wary of high-pressure efforts to convince you to send or transfer cash immediately to the firm, via overnight delivery or the Internet.
5. Be smart about the money you do put at risk. Even when purchased through the most reputable dealer, forex investments are extremely risky. If you are tempted to invest, make sure you understand these products and above all, only invest what you can afford to lose.

Warning Forex Traders Warning  

Posted by Asad Ali - - are so called scam review site's where Dmitri slams competitors sites in order to promote his own sites, you will notice the only sites listed in top positions on Forexbastards are sites he is affiliated with, Dmitri in my opinion is the biggest scam artist in Forex and has allot of enemies...
He is using our and other company names on his marketing site without written permission so now the time has come for this to be stopped...
He is in our opinion a scam artist, simply Google Dmitri Chavkerov or Felix Homogratus to see how well disliked he is...
New Warning For Traders
After mounting pressure on Dmitri Chavkerov and Rob Grespinet of of which is just one site in a long string of failed Forex sites by these two Bozo's, they have closed KFS down for good and moved on to a new site at where they want you to give them at least $35,000 just to be apart of this new scheme and since they received so much criticism over doctoring the performance reports on KFS they now say "Our performance is private information and will only be shared with qualified clients".... Be Careful

And Here's a BIG One...
Another one of their new sites went up started again by Dmitri Chavkerov and Claude Grespinet, here we see the same old tired recycled photo of Rob smoking a cigarette and tired old bragging about Rob's supposed 750,000 euros Credit Suisse salary and with additional garbage about Dmitri Chavkerov's again supposed successful life but of course they again fail to add information on their sites about the long list of failed services and sites that have been closed down. So what's the catch with this one? before reading any further please make sure you have pre-emptied your bowls, for this one they want you to give them control of $10,000,000 yes that's Ten Million US Dollars! - and they want you to send it to an offshore account.
A word of caution if you are a U.S. Citizen don't EVER send any money to an offshore bank account and give someone else control over your funds, there are plenty of legitimate Money Manager's in the U.S. who are regulated.

Scam Warning For Brokers  

Posted by Asad Ali

Being once a Forex trader you will meet many problems concerning the trustworthy of the broker you are dealing with. Unfortunately there are people who use this point to attack well-guaranteed brokers with.
I'm going to show you what I've found after my search, for this issue concerns me a lot because I used to be a trader in Forex Market for 6 years and then I became to be IB with one of the greatest brokers in Forex Market, and I have passed through problems very similar to this.
During my Forex activity I have seen many swindlers whose target is to steal money but by cheating. One of them is called Rashid, he is Algerian but lives in US.
His work concentrated on opening accounts and operating it with Automated Expert Advisers in order to ensure his profit.
He cheated many brokers and took money not of his rightful possession.

9 Tricks Of The Successful Trader  

Posted by Asad Ali

For all of its numbers, charts and ratios, trading is more art than science. Just as in artistic endeavors, there is talent involved, but talent will only take you so far. The best traders hone their skills through practice and discipline. They perform self analysis to see what drives their trades and learn how to keep fear and greed out of the equation. In this article we'll look at nine steps a novice trader can use to perfect his or her craft; for the experts out there, you might just find some tips that will help you make smarter, more profitable trades, too.
Step 1. Define your goals and then choose a style of trading that is compatible with those goals. Be sure your personality is a match for the style of trading you choose.
Before you set out on any journey, it is imperative that you have some idea of where your destination is and how you will get there. Consequently, it is imperative that you have clear goals in mind as to what you would like to achieve; you then have to be sure that your trading method is capable of achieving these goals. Each type of trading style requires a different approach and each style has a different risk profile, which requires a different attitude and approach to trade successfully. For example, if you cannot stomach going to sleep with an open position in the market then you might consider day trading. On the other hand, if you have funds that you think will benefit from the appreciation of a trade over a period of some months, then a position trader is what you want to consider becoming. But no matter what style of trading you choose, be sure that your personality fits the style of trading you undertake. A personality mismatch will lead to stress and certain losses. (For more, see Invest With A Thesis.)
Step 2. Choose a broker with whom you feel comfortable but also one who offers a trading platform that is appropriate for your style of trading.
It is important to choose a broker who offers a trading platform that will allow you to do the analysis you require. Choosing a reputable broker is of paramount importance and spending time researching the differences between brokers will be very helpful. You must know each broker's policies and how he or she goes about making a market. For example, trading in the over-the-counter market or spot market is different from trading the exchange-driven markets. In choosing a broker, it is important to read the broker documentation. Know your broker's policies. Also make sure that your broker's trading platform is suitable for the analysis you want to do. For example, if you like to trade off of Fibonacci numbers, be sure the broker's platform can draw Fibonacci lines. A good broker with a poor platform, or a good platform with a poor broker, can be a problem. Make sure you get the best of both. (For related reading, see How To Pay Your Forex Broker.)
Step 3. Choose a methodology and then be consistent in its application.
Before you enter any market as a trader, you need to have some idea of how you will make decisions to execute your trades. You must know what information you will need in order to make the appropriate decision about whether to enter or exit a trade. Some people choose to look at the underlying fundamentals of the company or economy, and then use a chart to determine the best time to execute the trade. Others use technical analysis; as a result they will only use charts to time a trade. Remember that fundamentals drive the trend in the long term, whereas chart patterns may offer trading opportunities in the short term. Whichever methodology you choose, remember to be consistent. And be sure your methodology is adaptive. Your system should keep up with the changing dynamics of a market. (For related reading, see What is the difference between fundamental and technical analysis and Blending Technical And Fundamental Analysis.)
Step 4. Choose a longer time frame for direction analysis and a shorter time frame to time entry or exit.
Many traders get confused because of conflicting information that occurs when looking at charts in different time frames. What shows up as a buying opportunity on a weekly chart could, in fact, show up as a sell signal on an intraday chart. Therefore, if you are taking your basic trading direction from a weekly chart and using a daily chart to time entry, be sure to synchronize the two. In other words, if the weekly chart is giving you a buy signal, wait until the daily chart also confirms a buy signal. Keep your timing in sync.
Step 5. Calculate your expectancy.
Expectancy is the formula you use to determine how reliable your system is. You should go back in time and measure all your trades that were winners versus all your trades that were losers. Then determine how profitable your winning trades were versus how much your losing trades lost.
Take a look at your last 10 trades. If you haven't made actual trades yet, go back on your chart to where your system would have indicated that you should enter and exit a trade. Determine if you would have made a profit or a loss. Write these results down. Total all your winning trades and divide the answer by the number of winning trades you made. Here is the formula:
E= [1+ (W/L)] x P – 1
W = Average Winning Trade L = Average Losing TradeP = Percentage Win Ratio
Example:If you made 10 trades and six of them were winning trades and four were losing trades, your percentage win ratio would be 6/10 or 60%. If your six trades made $2,400, then your average win would be $2,400/6 = $400. If your losses were $1,200, then your average loss would be $1,200/4 = $300. Apply these results to the formula and you get; E= [1+ (400/300)] x 0.6 - 1 = 0.40 or 40%. A positive 40% expectancy means that your system will return you 40 cents per dollar over the long term.
Step 6. Focus on your trades and learn to love small losses.
Once you have funded your account, the most important thing to remember is that your money is at risk. Therefore, your money should not be needed for living or to pay bills etc. Consider your trading money as if it were vacation money. Once the vacation is over your money is spent. Have the same attitude toward trading. This will psychologically prepare you to accept small losses, which is key to managing your risk. By focusing on your trades and accepting small losses rather than constantly counting your equity, you will be much more successful.
Secondly, only leverage your trades to a maximum risk of 2% of your total funds. In other words, if you have $10,000 in your trading account, never let any trade lose more than 2% of the account value, or $200. If your stops are farther away than 2% of your account, trade shorter time frames or decrease the leverage. (For further reading, see Leverage's Double-Edged Sword Need Not Cut Deep.)
Step 7. Build positive feedback loops.
A positive feedback loop is created as a result of a well-executed trade in accordance with your plan. When you plan a trade and then execute it well, you form a positive feedback pattern. Success breeds success, which in turn breeds confidence - especially if the trade is profitable. Even if you take a small loss but do so in accordance with a planned trade, then you will be building a positive feedback loop.
Step 8. Perform weekend analysis.
It is always good to prepare in advance. On the weekend, when the markets are closed, study weekly charts to look for patterns or news that could affect your trade. Perhaps a pattern is making a double top and the pundits and the news are suggesting a market reversal. This is a kind of reflexivity where the pattern could be prompting the pundits while the pundits are reinforcing the pattern. Or the pundits may be telling you that the market is about to explode. Perhaps these are pundits hoping to lure you into the market so that they can sell their positions on increased liquidity. These are the kinds of actions to look for to help you formulate your upcoming trading week. In the cool light of objectivity, you will make your best plans. Wait for your setups and learn to be patient. (For information on determining what the market's telling you, read Listen To The Market, Not Its Pundits.)
If the market does not reach your point of entry, learn to sit on your hands. You might have to wait for the opportunity longer than you anticipated. If you miss a trade, remember that there will always be another. If you have patience and discipline you can become a good trader. (To learn more, see Patience Is A Trader’s Virtue.)
Step 9. Keep a printed record.
Keeping a printed record is one of the best learning tools a trader can have. Print out a chart and list all the reasons for the trade, including the fundamentals that sway your decisions. Mark the chart with your entry and your exit points. Make any relevant comments on the chart. File this record so you can refer to it over and over again. Note the emotional reasons for taking action. Did you panic? Were you too greedy? Were you full of anxiety? Note all these feelings on your record. It is only when you can objectify your trades that you will develop the mental control and discipline to execute according to your system instead of your habits.
Bottom LineThe steps above will lead you to a structured approach to trading and in return should help you become a more refined trader. Trading is an art and the only way to become increasingly proficient is through consistent and disciplined practice. Remember the expression: the harder you practice the luckier you'll get

How Social Media Affects The Forex Market  

Posted by Asad Ali

The Forex market, as you probably know by now, is the biggest market in the world. Yet, somehow, the average citizen, who is quite familiar with the Stock Market, has never heard of the Forex market. When you tell them Forex means the same as foreign exchange, you generally get a response similar to “Ohhh” followed by a “And what is that”? With the size of the Forex market, and its potential for profit, you would expect it to be a much more popular and familiar market to the masses. A possible explanation of this phenomenon can be the fact that it was originally inaccessible to the average person, and only in the last decade has the Forex retail market taken off. Having said that, the Forex market has managed to gain more exposure over the last year or two, especially on the global Web. This can be attributed mainly to social media and the presence of Forex brokers and traders on the various social networks. It is true that the amount of Forex content on the Web continues to grow, but the way in which the primary Forex players make use of social media leaves much room for improvement. The three main social networks used in the Web community are of course Facebook, Twitter, and LinkedIn. While LinkedIn and Twitter have an infrastructure in place enabling people to connect with others in their field, Facebook is intended more for people to connect with friends and relatives. The reason I say this is because, Forex as an industry is more suitable for the LinkedIn and Twitter environment then the Facebook one. It is true that there is the occasional Facebook group or page offering Forex content, but both the contributor and the recipient of the content will benefit more from Twitter and LinkedIn and all the features they offer. Although Twitter and LinkedIn might be better for Forex, all three social networks can be utilized to distribute Forex content, whether in the form of Forex news, Forex analysis, articles, or even signals. Social media, in general, is an unprecedented tool in its efficiency and effectiveness when it comes to exposure and communication. Let’s examine how people and Forex companies are benefiting from the world of social media.
Facebook Before we discuss how Forex and Facebook merge, let’s take a quick look at the statistics of the largest social network on the Web. Facebook now has over 250 million users worldwide. As for content, over 1 billion new content pieces are uploaded weekly. Wouldn’t you say such numbers would yell to Forex traders all over the world to use this platform and connect with other traders? On the other hand, Facebook was always intended not as a corporate platform but rather a place to connect on a more personal basis, so it is not as ideal as some of the other sites out there. Some of the Forex tools you might come across on Facebook include Forex groups, Forex pages, Forex traders, and Forex signals. I for one have not been exposed to any Facebook spam on the Forex topic, something I wish I could say about the Forex presence on Twitter. As of today, Facebook is mainly used by Forex players to spread content, accumulate fans of pages, and share signals. With the advanced API and the ability to develop Facebook applications, the Facebook potential for the Forex world is much greater than what is being utilized today.
TwitterIf you have been paying attention, or even if you have not, you have most probably heard the word Twitter in one context or another. It is the buzz word of the tech industry and the global Web. Everyone is talking about how Twitter is the ultimate tool when it comes to exposure, networking, and communication, yet somehow, the Forex players cannot get it right. It is true that there are endless Twitter accounts that offer Forex content. However, generally speaking, Forex has become a word with very negative associations on Twitter, due to the tremendous number of Forex spammers on Twitter. I recently read an article about the main Twitter spammers, and right on top of the list, above the pornography industry and the multi level marketing schemes, sat a proud mention of the Forex market. Not only are the major players missing out on a great opportunity with Twitter, they are also destroying the market’s reputation as a serious trading arena similar to equities and stocks. In fact, when I first opened the DailyForex Twitter account, I was stunned to discover how almost none of our followers were interested in communicating. In fact, they were unable to communicate since their tweets (updates) were being generated automatically by what is known as bots, completely missing the point of Twitter. The content being shared by most Twitter accounts is promotional. They are trying to sell Forex software or robots, and from the short research I have done, are not seeing results. Twitter is about communicating, two way dialog, not selling something and not spamming other users. The potential in Twitter and its use in the Forex world is literally endless. Brokers can use it to offer special bonuses to their followers, while listening and communicating with their customers as part of their customer service efforts. Online Forex portals can share their insights in the form of news, analysis, articles, or reviews of Forex products with their followers, and pay attention to their users and how they suggest improving the service. Traders can use Twitter to communicate with other traders, and make use of others’ experience and expertise in one aspect of Forex trading or another. The platform to connect to others like you is available; people just need to learn how to use it. Like I said, the potential is endless, but as of now, the most important thing is for the Forex players to stop thinking “Sell, sell, sell” and start thinking “Share, communicate, and listen”.
LinkedIn If Facebook is for personal use, LinkedIn targets the corporate world. LinkedIn, with its 17 million visits per day, is the perfect place to expand your Forex reach, and so far, out of the three social networks, it is the only one that comes close, and is on the right path. All the major experts in the Forex world run and maintain active profiles on LinkedIn, in which they share their insights and tips for other traders to see. Many big names in the Forex brokers’ arena have a serious presence on LinkedIn. Most of them have a group, in which they share all the details of their offering, content, as well as the latest developments in the market in general, and their company specifically. However, the most important contribution of LinkedIn to the Forex world are the tens of Forex groups, which offer a perfect and spam-free (almost) environment for traders, brokers, and Forex companies to connect and communicate with one another. As for Forex content, one of the best places to share your Forex articles or reviews are LinkedIn groups mainly because the members of the group are truly interested in Forex, and you are not posting an update for all your friends to see or tweeting something to thousands of people who do not even know what Forex is. The audience is focused and the platform is designated for people who want to hear what you have to say. The bottom line is, while LinkedIn might not be the most user friendly or easy to use of the social networks, it is by far the most suitable for Forex updates. In conclusion, social media has become one of, if not the biggest trend on the Web since its invention, and with the potential for profit in the Forex market, there is no reason these two superpowers should not join forces. The Forex world as a whole seems to have taken notice to the world of social media; you can find a Forex presence on any one of the social networks. However, as of now, the potential presented by social media, the one everyone is talking about, is not being utilized by the Forex world, not even close!

Forex vs. Equities  

Posted by Asad Ali

If you are interested in trading currencies online, you will find that the Forex market offers several advantages over equities trading.
24-Hour TradingForex is a true 24-hour market, which offers a major advantage over equities trading. Whether it's 6pm or 6am, somewhere in the world there are always buyers and sellers actively trading foreign currencies. Traders can always respond to breaking news immediately, and P&L is not affected by after hours earning reports or analyst conference calls.
After hours trading for U.S. equities brings with it several limitations. ECN's (Electronic Communication Networks), also called matching systems, exist to bring together buyers and sellers - when possible. However, there is no guarantee that every trade will be executed, nor at a fair market price. Quite frequently, traders must wait until the market opens the following day in order to receive a tighter spread.
Superior LiquidityWith a daily trading volume that is 50x larger than the New York Stock Exchange, there are always broker/dealers willing to buy or sell currencies in the FX markets. The liquidity of this market, especially that of the major currencies, helps ensure price stability. Traders can almost always open or close a position at a fair market price.
Because of the lower trade volume, investors in the stock market are more vulnerable to liquidity risk, which results in a wider dealing spread or larger price movements in response to any relatively large transaction.
100:1 Leverage100:1 leverage is commonly available from online FX dealers, which substantially exceeds the common 2:1 margin offered by equity brokers. At 100:1, traders post $1000 margin for a $100,000 position, or 1%.
While certainly not for everyone, the substantial leverage available from online currency trading firms is a powerful, moneymaking tool. Rather than merely loading up on risk as many people incorrectly assume, leverage is essential in the Forex market. This is because the average daily percentage move of a major currency is less than 1%, whereas a stock can easily have a 10% price move on any given day.
The most effective way to manage the risk associated with margined trading is to diligently follow a disciplined trading style that consistently utilizes stop and limit orders. Devise and adhere to a system where your controls kick in when emotion might otherwise take over.
Lower Transaction CostsIt is much more cost-efficient to trade Forex in terms of both commissions and transaction fees. Commissions for stock trades range from $7.95-$29.95 per trade with online discount brokers up to $100 or more per trade with full service brokers. Another important point to consider is the width of the bid/ask spread. Regardless of deal size, forex dealing spreads are normally 5 pips or less (a pip is .0005 US cents). In general, the width of the spread in a forex transaction is less than 1/10 that of a stock transaction, which could include a .125 (1/8) wide spread.
Profit Potential In Both Rising And Falling MarketsIn every open FX position, an investor is long in one currency and short the other. A short position is one in which the trader sells a currency in anticipation that it will depreciate. This means that potential exists in a rising as well as a falling market.
The ability to sell currencies without any limitations is another distinct advantage over equity trading. In the US equity markets, it is much more difficult to establish a short position due to the Zero Uptick rule, which prevents investors from shorting a stock unless the immediately preceding trade was equal to or lower than the price of the short sale.
Forex. Vs. Futures
The global foreign exchange market is the largest, most active market in the world. Trading in the forex markets takes place nearly round the clock with over $3 trillion changing hands every day. It is the main event.
The benefits of forex over currency futures trading are considerable. The dissimilarities between the two instruments range from philosophical realities such as the history of each, their target audience, and their relevance in the modern forex markets, to more tangible issues such as transactions fees, margin requirements, access to liquidity, ease of use and the technical and educational support offered by providers of each service. These differences are outlined below:
More Volume = Better Liquidity. Daily currency futures volume on the CME is just 1% of the volume seen every day in the forex markets. Incomparable liquidity is one of many advantages that forex markets hold over currency futures. Truth be told, this is old news. Any currency professional can tell you that cash has been king since the dawn of the modern currency markets in the early 1970's. The real news is that individual traders from every risk profile now have full access to the opportunities available in the forex markets.

Forex markets offer tighter bid to offer spreads than currency futures markets. By inverting the futures price to compare it to cash, you can readily see that in the USD/CHF example above, inverting the futures dealing price of .5894 - .5897 results in a cash price of 1.6958 - 1.6966, 8 pips vs. the 5-pip spread available in the cash markets.
Forex markets offer higher leverage and lower margin rates than those found in currency futures trading. When trading currency futures, traders have one margin rate for "day" trades and another for "overnight" positions. These margin rates can vary depending on transaction size. Currency trading with Capitalor gives the customer one rate all the time, day and night.

Forex markets utilize easily understood and universally used terms and price quotes. Currency futures quotes are inversions of the cash price. For example, if the cash price for USD/CHF is 1.7100/1.7105, the futures equivalent is .5894/ .5897; a methodology followed only in the confines of futures trading.Currency futures prices have the added complication of including a forward forex component that takes into account a time factor, interest rates and the interest differentials between various currencies. The forex markets require no such adjustments, mathematical manipulation or consideration for the interest rate component of futures contracts.

Forex trades executed through Capitalor are commission free. Currency futures have the added baggage of trading commissions, exchange fees and clearing fees. These fees can add up quickly and seriously eat into a trader's profits.

Nepalese Rupee  

Posted by Asad Ali

Exchange Rates reflect the balance of supply and demand for currencies. Two key factors affecting supply and demand are interest rates and the overall strength of the economy. Economic indicators such as GDP, foreign investment and the trade balance reflect the general health of an economy and are, therefore, responsible for the underlying shifts in supply and demand for that currency.
Currency Exchange Rates fluctuate throughout the day, with trading on the market continuously. will quote you a rate for your currency exchange and discuss details for your foreign currency transaction.

Nepalese Rupee

U.A.E. Dirham
Argentine Peso
Australian Dollar
Bahrain Dinar
Brunei Dollar
Brazilian Real
Botswana Pula
Canadian Dollar
Swiss Franc
Chilean Peso
Chinese Yuan
Colombian Peso
Cyprus Pound
Czech Koruna
Danish Krone
U.K. Pound Sterling
Hungarian Forint
Indonesian Rupiah
Israeli New Sheqel
Indian Rupee
Iranian Rial
Icelandic Krona
Japanese Yen
Korean Won
Kuwaiti Dinar
Sri Lanka Rupee
Libyan Dinar
Maltese Lira
Mauritian Rupee
Mexican Peso
Malaysian Ringgit
Norwegian Krone
Nepalese Rupee
New Zealand Dollar
Omani Rial
Pakistan Rupee
Polish Zloty
Qatar Riyal
Saudi Arabian Riyal
Swedish Krona
Singapore Dollar
Slovenian Tolar
Thai Baht
Trinidad and Tobago Dollar
U.S. Dollar
Venezuelan Bolivar
South African Rand
using values from Thursday, July 30, 2009


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