Archive for Stock Screening
The Starbucks recession indicator
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Currency Trading With Forex Futures
Posted by: | CommentsThe spot foreign exchange (forex or FX) market is the world’s largest market, with over one trillion U.S. dollars traded per day. One derivative of this market is the forex futures market, which is only 1/100th the size.
Foreign exchange traders who are interested in forex futures will find a wealth of information on the internet. There are thousands of people daily getting into trading on the forex global markets.
Foreign currency trading has an almost mystical hold for many people. The global forex trading marketplace is vibrant, fast-paced, and very exciting. The trading action happens very quickly, and while it is possible to “learn as you go”, it is certainly advisable to learn the basics before risking real money.
Futures are exchange-traded contracts to buy or sell a specified amount of a given currency at a predetermined price on a set date in the future. All forex futures are written with a specific termination date, at which point delivery of the currency must occur unless an offsetting trade is made on the initial position.
Dealing with forex futures requires a trader to be aware of current trends, and how to read them. Futures contracts can be traded, or purchased and held. Knowing how and when to make these decisions and which way to go is what separates those who make a fortune and those who don’t.
Trading forex futures is true speculation and appeals to many people. There is more than 4 trillion dollars being traded on a daily basis around the globe and much of this trade deals with future currency values. It is imperative that traders understand how these trades are structured. A good way to learn about the forex market is from other experienced investors in this field.
Forex futures are handled similarly to that of dealing with other futures. As such one fraction of a point can shift your profit margin right into the red loss column. FX trading is affected instantly by economic factors throughout the world. This is why it is imperative that traders and brokers keep updated on the world economy as a whole.
Boomers: 3 ways the crisis whacks your retirement
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Stress Free Trading In The Forex Market Anyone?
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Automated forex trading is one of the greatest innovations in the field of currency trading. You no longer need to have a thorough knowledge of the currency market to even try to get in on trading. You use to have to do quite a bit of studying before you could really get in on the market, not to mention the large amount of technical knowledge which would be needed.
The new forex automated trading system comes equipped with continual, automated trading that requires little or no human input.
Automated forex trading prevents traders form having to spend all of their time keeping an eye on market conditions and currency pairs while squinting at a computer screen. The automation of the forex trading system has made this unnecessary, greatly easing the burden borne by traders.
Even medical health issues are eliminated with automated trading. Due to continual computer usage, traders have long complained of eye strain and back problems, among other concerns.
A minimal investment in terms of finance and effort is all it takes to enter the world of automated forex trading. There are no hidden costs or fees. A forex automated trading system pulls no punches. Rather it pulls down profitable deals and closes contracts effortlessly.
Word to the wise, make certain to do your homework and know which product you need and with whom you are dealing. Always seek out a reputable company with a reasonably wide array of products and services.
There are automated forex trading systems with superior algorithms that virtually ensure profits and minimize losses. If possible, deal with a company that provides a money-back guarantee upon purchase.
An amateur, small-time trader may think that this investment of a sophisticated automated forex trading system is for the professionals. This is because of the wrong perception that the software is costly and also the need to have some trading skills. Automated forex trading system can now be purchased at an affordable price and it also does rely upon trader skill in order to realize and maximize financial gain. The automated forex trading system is especially important to the novice traders who usually could only monitor their trading in intervals and would like to let it handle the rest.
The failure of the American consumer
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Before our eyes, and in spite of fixes to the international financial system, we are witnessing an epic demise of the American consumer. For the month of September, retail sales fell 1.2%, registering the largest sales drop in three years and the third consecutive monthly decline.
The decline was lead by auto sales (down 3.8%), furniture (down 2.3%), and clothing (down 2.3%). The result was double the consensus estimate and brought the annual retail sales growth into negative territory with a 1% decline.
Additional insight is provided by Philippa Dunne and Doug Henwood of the Liscio Report. Based on their surveys of sales tax receipts, the situation is deteriorating quickly. A few of their contacts remarked that tax receipts are "currently falling more sharply than they have in prior recessions (and from already recessionary levels), and comparisons continue to be to the 1990-91 recession, not 2001's more mild slump."
Another interesting observation is how growth in the International Council of Shopping Centers' sales categories have changed since retail sales peaked in 2006. Luxury stores have gone from year-over-year comparable store sales growth of nearly 7% to a negative 11% reading for September -- a swing of nearly 18%. Department and apparel stores have shown similar shifts. Meanwhile, discount stores and wholesalers remain buoyant. Obviously, a great consumer retrenchment is underway.
What's worrying is that we still don't know how the recent market selloff affected consumer spending. Based on work by the ISI Group in New York, things are likely to get much worse as we enter the critical holiday shopping season.
If stocks stay at currently depressed levels, the market component of consumers' wealth would be down nearly 36% year-over-year. When combined with an estimated 7.4% fall in house prices, this could drive total consumer net worth down by a record 13.5% for the fourth quarter. Such a hit to consumer wealth would cut total economic growth by 1.3%. Such a decline would help drive unemployment from the current 6.1% reading to ISI's dour 8.5% estimate as consumer spending dries up further.
Related reading:
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Some good news: Food prices on the decline
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Can infrastructure projects ease coming recession?
