Forex Currencies Trading

BASICS of FOREX TRADING:Forex foreign exchange trading is not suitable for all investors and traders. Forex markets are a volatile, complex, and risky business. However, traders have an amazing opportunity to make significant trade profits by successfully trading the forex currency markets. Nevertheless, before investing money and capital assets in forex trading, you should:o Consider your financial experience, assets, personal or financial goals, and financial resources and know how much you can afford to lose above and beyond your initial account margin payment. Know who to contact if you have a trading problem or question.o Understand forex trading currency markets and your obligations in entering into those forex foreign currency contracts.o Completely understand your exposure to trade risk and other aspects of commodities futures trading by thoroughly reviewing the trading risk disclosure documents with a good commodity broker who will be happy to give you all the free trading information you need about futures trading, margin requirements and general trade help and assistance.o We suggest you study as much as possible about the forex markets and commodities futures trading so We suggest you read a good forex trading guide to enhance you overall knowledge about forex, including the futures daytrading markets and trading the overnight 24-hour forex market.

Canadian Dollar

Having fallen well below parity with the USD, the Canadian Loonie is now being attacked on two fronts. First, there is the deteriorating economic situation. Prices for virtually all commodities, namely oil, have declined significantly this year, dealing a harsh blow to the natural resource-dependent Canadian economy. In addition, its largest trade partner, the US, is suffering from economic woes of its own and is in no position to support the Canadian export sector. The result is surging unemployment and the most precipitous decline in factory production in 25 years. The most optimistic economists are forecasting GDP growth of 0.0% in 2009. The second prong of the attack against the Loonie is being waged unintentionally by the country's Prime Minister, who recently suspended Parliament in order to avoid a no-confidence vote in his leadership. In short, bulls for the Canadian Dollar (not to mention democracy) don't have much to be excited about these days. Bloomberg News reports:

Forex Quotes

Forex quotes are at the heart of forex trading. They come in many forms, but all have some basic principles. So let's take some time to learn how to read Forex quotes.Forex quotes always consist of two currencies, often called a currency pair. An example would be USD/CAD, or US Dollar to Canadian Dollar. The first currency in the pair is called the quote currency

Money Management

Money management is a critical point that shows difference between winners and losers. It was proved that if 100 traders start trading using a system with 60% winning odds, only 5 traders will be in profit at the end of the year. In spite of the 60% winning odds 95% of traders will lose because of their poor money management. Money management is the most significant part of any trading system. Without a proper money management, a winning system can also turn into a losing system.

Pakistani Official Sites

http://www.cbr.gov.pk
Central Board of Revenue Government of Pakistan
http://www.pak.gov.pk
Ministry of Information and Broadcasting
http://www.met.gov.pk
Meteorological Department
http://www.mra.gov.pk
Ministry of Religious Affairs
http://www.finance.gov.pk
Ministry of Finance
http://www.na.gov.pk
National Assembly
http://www.nadra.gov.pk
National Database & Registration Authority (NADRA)
http://www.opf.org.pk
Overseas Pakistanis Foundation
http://www.opf.org.pk
Pakistan Post Office
http://www.pseb.org.pk
Pakistan Software Export Board
http://www.ptcl.com.pk
Pakistan Telecommunication Corporation Limited
http://www.privatisation.gov.pk
Privatization Commission
http://www.pta.gov.pk
Pakistan Telecommunication Authority
http://www.pemra.gov.pk
Pakistan Electronic Media Regulatory Authority
http://www.tourism.gov.pk
Tourism Development Corporation (PTDC)
http://www.tdap.gov.pk
Trade Development Authority of Pakistan (TDAP)
http://www.un.org.pk/
United Nations

FINANCIAL INSTITUTIONS
http://www.cdcpakistan.com
Central Depositary Company
http://www.nccpl.com.pk
National Clearing Company of Pakistan Limited
http://www.secp.gov.pk
Security and Exchange Commission of Pakistan
http://www.sbp.org.pk
State Bank of Pakistan

NATIONAL INSTITUTIONS
National Assembly
Government:
Ministry of Commerce
Export Promotion Bureau (EPB)
Ministry of Communication
Pakistan Meteorological Department (PMD)
Pakistan Software Export Board (PSEB)
Pakistan Telecommunication Authority (PTA
Ministry of Culture
National Fund for Cultural Heritage (NFCH)
Pakistan Tourism Development Corporation
Ministry of Environment, Local Government & Rural Development:
Central Board of Revenue (CBR)
Ministry of Finance & Economic Affairs
Privatization Commission
Ministry of Food, Agriculture & Livestock
Agriculture Market Information Service
Central Cotton Research Institute (CCRI)
Ministry of Foreign Affairs:
Ministry of Industries & Production
State Engineering Corporation
Ministry of Information & Media Development
Pakistan Broadcasting Corporation (PBC)
Pakistan Television Corporation (PTV)
Ministry of Petroleum & Natural Resources:
Geological Survey of Pakistan (GSP)
Ministry of Religious Affairs, Zakat, Ushr and Minorities Affairs
Ministry of Science and Technology:
National Institute of Oceanography (NIO)
Pakistan Science Foundation (PSF)
Ministry of Sports
Pakistan Sports Board
Ministry of Water & Power
Private Power and Infrastructure Board (PPIB)
Federal Bureau of Statistics
Lahore High Court
National Language Authority
National Reconstruction Bureau (NRB)

REGIONAL INSTITUTIONS
Punjab
Government of Punjab
Lahore Department
Sindh
Government of Sindh
REPRESENTATIONS IN FOREIGN COUNTRIES
Embassies of Pakistan in Foreign Countries

How to be a Successful Investor

One successful investor who made a lot of money defined stock trading as a challenging game of strategy and discipline. The stock market is vastly complex and dynamic, so you need to exercise strict discipline, clear judgment, do your homework, and set firm goals and limits. Sometimes the most important work you can do is exercising patience, confidence, and discipline. You need to stay calm, keeping your mind clear and focused. You can't blindly bet that the stock price will go up or go down. You need to be well informed and make buy or sell decisions based on facts and logic.
In investing, intuition also plays an important role. Good intuition comes from experience and sound judgment. When you start making money, you cannot think of yourself as a winner yet because if you lose focus and become greedy, you can lose your money in an instant. More importantly, if you happen to lose money, you cannot let yourself conclude that a single loss makes you a loser. Losing money can be very upsetting, but you need to be consistent and not quit the game easily. Learn to use a loss as a lesson, just as professional traders do, and determine why you lost. In this way, you maximize your chances of becoming a better investor. Talk with your friends and listen closely to trading tips, but in the end, you have to make your own judgments. Believe in yourself. If your next pick ends up being wrong, that may mean you have not yet done sufficient homework on that stock.

Is Currency Trading Safe?

Is Currency Trading Safe?
As with any kind of an investment in the monetary markets, there is always a risk, but if you enter the FOREX market well-educated and informed, the risks are minimal in comparison to investing in stocks, bonds, or other security instruments. Most of the sites that are online for currency trading offer education, information, and any kind of tools that you need in order to assure that you make the most informed and financially sound choices. Because you are following your own instincts instead of that of a stockbroker, the importance of information is greatly enhanced. If you make a mistake in judgement, it is you that must bear the guilt, and not someone else.

How much education is required before you can consider yourself an expert? The truth is, with the changing trends in the currency market, you can never say that you have enough education. Although you will become informed enough to make financially sound decisions on buying and selling currency, you will never reach a point where you can stop participating in training classes in order to keep your knowledge current. If you feel you know enough to stop learning, then you are doomed to failure as is the case of any type of investing you may do. One of the most important things you can do as an investor is to make sure that you stay informed and that you know what the trends are in the currency market at any given time.