Analysis: Japan nuclear crisis could drag on long past timetable
Analysis: Japan nuclear crisis could drag on long past timetable
Japan’s Tokyo Electric Power Co faces hurdles in its plan to shut down its crippled nuclear reactors in six to nine months. The operation could be delayed or derailed altogether if unknown factors, like another powerful quake, are taken into account.
Read more on Reuters via Yahoo! News
When Silver Hit /oz In 1980
Silver’s all time high is within reach. Will this level stop the rally?
Read more on Forbes
NASA ISS On-Orbit Status 21 April 2011
Elektron Failure: RSC-Energia reported this morning that the Elektron oxygen generator failed yesterday when reactivated after the REGUL-OS repair activities.
Read more on SpaceRef
Categories: Technical Analysis Tags: Analysis, Could, Crisis, drag, japan, Long, Nuclear, Past, timetable
AP analysis: US economic stress dips in past year
AP analysis: US economic stress dips in past year
Lower unemployment and bankruptcies helped reduce the nation’s economic stress in January compared with a year earlier, according to The Associated Press’ monthly analysis. Still, the figures show the economy has yet to regain full health.
Read more on AP via Yahoo! News
Analysis: US Economic Stress Dips In Past Year
Lower unemployment and bankruptcies helped reduce the nation’s economic stress in January compared with a year earlier, according to The Associated Press’ monthly analysis. Still, the figures show the economy has yet to regain full health.
Read more on FOX 5 Las Vegas
Robot Makes Losses in Trade a Thing of the Past With Forex Megadroid
Montgomery, IL (PRWEB) December 19, 2009
Officialmakemoneyonline.com/forex-robot.htm is the home of Forex Megadroid. This dynamic and authentic Forex Megadroid can stand in the forefront of all Forex robots with the proven track record of being able to trade with a 95.82% accuracy. However, the even bigger news is that these are not just hit and miss figures, this applies to every single market condition. Forex Megadroid is so powerful that it has the ability to bring the user 4 times the rate of return on their investment.
Forex Megadroid is the brainstorm of two first hand experienced Forex Traders being Albert Perrie and his partner John Grace. Together they devised and designed the Forex Megadroid that is found at http://officialmakemoneyonline.com/forex-robot.htm.
Although there are many Forex robots on the market what makes Forex Megadroid stand above them is the concept on which it is based. The key word here being “concept” not strategy.
Most robots work on hindsight as opposed to foresight. This is where Forex Megadroid is different because it is able to see what the trade market is going to do in the next few hours. It then codes this information so it can be used by the average trader with no complexity. Simply put Forex Megadroid helps the trader with decisions based on what is going to happen rather than what has already happened in the market.
Both Albert Perrie and John Grace learned early in their job experiences with the trade market that there were flaws in this industry that made trade a hit and miss venue. These flaws just seemed to be accepted as part of trading and more or less taking the good with the bad.
When two individuals such as Albert and John who had vast knowledge of the trade industry came together they had two things in common. One is they recognized the flaws in the system, and secondly they both had a passion to rise up to the challenge of beating those flaws. This was the beginning and the birth of Forex Megadroid.
Forex Megadroid was not something that was thrown together to make a quick buck selling something based on hype. It was designed by these two co-founders to make profits consistently with a Forex Robot that didn’t work on past data. When you visit the website you will see the term RCTPA. This is a term that has the ability to make the user of this Forex Robot a great deal of money in the trade market. It means Reverse Correlated Time and Price Management. This is the concept that Forex Megadroid works on by looking forward instead of backwards to provide the trader with the right information.
With the years of experienced combined with the same train of thought that the secret to successful Forex trading was accessible by both Albert and John they were bound to eventually come up with the answer. They both diligently worked on the concept since 2007 and finally in 2009 totally convinced that they had solved the fragility of Forex trading they launched the Forex Megadroid. Since the launch of this Forex robot it has experienced NO losing trade since March 2009. Figures don’t lie and it certainly would seem like there is going to be many successful Forex traders in the future utilizing the Forex Megadroid.
About the Company.
Both Albert and John have a long and successful history of being actively employed in the Forex Industry. In fact it was the knowledge they gained from their Forex employment experiences, and their like mindedness that lead to the inception of Forex Megadroid.
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Trend of Financial Broker: Past, Present and Future
Having works in the different sectors of the financial industry, I think this will qualify me to give a few comments on the broker industry.
Price spreads
Ten years ago working as a broker in the forex market was easy money, because you can quote spreads as wide as 10 points to institutional clients and clients are still coming back to you. This is comparable to arbitrage profit of 8 points as you can close off your trade in the inter-bank market at much lower spreads. Say your customer place a USD 10 million order, that is a risk free return of 0.0008 x 10 million = US$8000. That is because forex quotes are not widely available then, so customers just take whatever rate that their broker is quoting to them.
With the invention of internet, all customers, including the retails customers are able to see the forex spreads on the internet. As a forex broker, if you quote them a price spread that is wider than the average, they will ask you “Do I look like an idiot to you”?
10 years ago I would not be able to imagine that I can trade forex myself at home using only US$1000 as my capital, but that’s what a lot of retail traders are doing that now.
Customised products
Currently if you want to trade crude oil in the futures market, most likely you will be calling your broker to buy oil futures from Nymex exchange. Crude oil futures is a very huge contract, value of 1 point is US$1000, a lot of retail customers are not able to stomach this kind of risk. Say you buy 1 lot of oil futures at $135 and if the market goes against you by $5, your unrealised loss is US$5000. US$5000 is a few months’ salary to a normal employee.
Since most online platform looks identical and serves the same function, one of the ways that they differentiate themselves is product innovation. Since Nymex crude oil futures contract is too huge, they have customised normal oil contract into supermini oil contract, whereby value of 1 point is only US$100, which is very affordable to most people. This has thus attract small investors to trade futures as well.
From placing orders via phones to placing orders via online
10 years ago floor trading is common in a lot of exchanges. Customers have to pay high commission rate to brokers in order to get their order filled on the trading floor, and at that time many floor traders were receiving more than $10,000 a month salary while they were still in their 20s. Today a lot of trading floors all over the world had closed down and turns electronics. At that time customers placed their order via the phone.
With the use of internet many trading platforms are created. If you insist on doing your broker business using phone, then you face the risk of going obsolete in future. This is because by having an online platform, customers can view live prices, use the charting function, read news update and tracks the next big news using the events calendar provided.
As for voice broker what service does they get? Did I hear you say advisory services? If brokers are good at giving advisory services, wouldn’t they be trading on their own, why would they want to become a broker in the first place? If you are a customer which one would you prefer, an online broker or a voice broker? I certainly prefer an online broker.
Commission rate
To become a broker is one of the most high-paying job 10 years ago, at that time many brokers are driving luxury cars and living in expensive property. But with fierce competition, identical products and services offered, one of the ways to attract more customers is by lowering their commission rate.
We are in the commodity boom era now, many have perceived that being a commodity broker is a great job to be in. This may not be true, commodity boom actually attracts more supply of commodity brokers into the market and pushes commission rate down.
When I was a commodity broker, the big customers (mostly are listed companies) are always being poached by many brokers offering lower commission rate. Then the customers will reflect that to us and ask if we can match the same commission rate offered. If you want the customer you have to lower down your commission rate to satisfy the customer, or else you will not likely to hear from them again.
Many online platforms had already waived off commission for their products, earning revenue from either the spreads or taking opposite sides of customers’ position.
Would you rather pay low commission or no commission?
No expiration date
Commodities have backwardation and contango built-in due to their nature. Click <here if you do not know what backwardation and contango is. Since commodities futures contracts have expiration date, traders need to know in the event that the contract expires and a rollover is required, do the traders earn or lose contango spread as a result.
For a contango product, say gold, near term price is lower than far month price; so if the trader has a long position in gold that is expiring, he will lose contango spread when he rollover his current contract to the next month.
On the other hand, if the trader has a short position on gold that is expiring, he will gain contango spread when he rollover his current current to the next month.
However the concepts of backwardation and contango are not easily understood by retail customers. To solve this problem some online platforms have provided contracts that do not have expiration date, so this will mitigate the problem of rollovers.
Trust in online platforms offered by foreign companies
Currently one of the issues that most retails is concerned is the trust worthiness of the platform providers, as they need to deposit huge sum of money into the platform company before they can start to trade. These companies usually come from US and Europe.
With the use of internet, these platform providers do not have to register with the countries’ authorities in order to sell their products to the customers in these countries, because anyone who has internet connection from any parts of the world can have access to those platforms and will be able to open accounts with them.
I believe as time goes by, the trust by retail customers will grow as online trading becomes more common, and platform companies will try to gain recognition by register themselves with some reputable government authorities in order to gain confidence from the investment community.
Trading platforms that are leading the trend
If you want to look at two trading platforms that are leading the financial broker business, take a look at FXYard and Mansion.
