Forex & financial markets

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Automated forex trading system(1)

The Realm of Automated Forex Trading System

Just how important is an automated system to the Forex trading system?

Before we answer that question, let us first determine how large Forex trading market is. From there, we will know the importance of automated systems for the Forex market.

It is true that the Forex market is the largest market around the world not just in terms of average daily turnover and average revenue per trader. It is also the largest market in terms of participants.

You name it, we’ve got it. Take a look at the following:

BANKS- they are not just for saving money and lending capital to entrepreneurs, but they are one of the major players in Forex market. Banks cater both to large quantity of speculative trading and daily commercial turnover. Well-established banks can trade billions of dollars worth of foreign currencies everyday. Some of the trades are undertaken on behalf of their clients, but most are through proprietary desks.

COMMERCIAL COMPANIES- these commercial companies trade small quantities of foreign currencies compared to larger banks and their trades produce small and short-term impact on the market rates. However, the trade flows from transactions made by commercial companies are essential factors with regards to the long-term direction of the exchange rate of a certain currency.

CENTRAL BANKS- central banks play an important function in the Forex market. They have the control over the supply of different currency, inflation, and interest rate. In addition, they have also official target rates for the currencies that they are handling. They are responsible for stabilizing the Forex market through the use of foreign exchange reserves. Their intervention in the market is enough to stabilize a certain currency.

INVESTMENT MANAGEMENT FIRMS- these firms commonly manage huge accounts on behalf of their clients such as endowments and pension funds. They are using the Forex market to facilitate transactions, specifically in foreign securities. For example, an investment manager bearing an international equity portfolio needs to purchase and sell several pairs of foreign currencies to pay for foreign securities purchases.

RETAIL FX BROKERS- they handle a fraction of the total volume of Forex market. A single retail Forex broker estimates retail volume of between 25 to 50 billion dollars each day, which is estimated to be at 2% of the total market volume.

SPECULATORS- these are individuals who purchase and sell foreign currencies and profit through fluctuations on its price as opposed to popular methods such as interest and dividends. They perform the important role of transferring the risk to individuals who do not wish to bear it.

In Forex market alone, there are already six major players partaking on the $1.8 trillion worth of daily turnover. With a large number of Forex players, there is really a need in switching from manual to automated Forex trading system.

Among the aforementioned major Forex players, the automated trading system is of great advantage to the speculators. Since they focus on the price fluctuations of various foreign currencies in order to profit, the real time data analysis will help them determine trades that will give advantage to them.

There are several automated Forex trading systems available in the market. There are also automated Forex systems that are offered for free or as part of their trading account acquired from their Forex brokers or agents. Such complimentary system packages are typically elementary trading system. Thus, if you are looking for more features, you can avail of it through additional payments.

There are two types of automated Forex trading system. These are discussed in the following:

Desktop-based system- all Forex-related data are stored on your desktop’s hard drive. This system is unpopular to Forex traders because all data are susceptible to computer virus contamination and other security problems. Worse, when the computer malfunctions, all essential information might be lost and cannot be retrieved (unless you have some back-up files of your own). However, it is little expensive compared to the other types of automated trading system.

Web-based system- the security of your Forex account and other data are provided by your web-based provider. These are hosted on secured servers. It is also convenient in the sense that there will be no software required and it is universally compatible with your Internet browser.

You may also try different automated trading system demos first so that you will be able to determine the automated Forex trading system that suits your personal preference and needs.

Even if you are just a small-time Forex player, it will be to your advantage if you will use an automated Forex trading system for your future trades.

Loans Are Available To Start Up A New Business.

Loans Are Available To Start Up A New Business.

Are you thinking of starting a new business? But do not have enough cash for it? Now solve your cash crunch with business start-up loans.

Business Start Up Loans are the benediction for starting up a new business. No doubt, without proper funds, thinking of starting a business is similar to a hallucination. In that case, business start up loans work well and it will help you to embark your own business.

Two kinds of business start up loans are available in loan market- secured business start up loan and unsecured business start up loans. If you want to avail a secured business start up loan, then you will have to pledge a security against the loan amount. As security you can use any of your worthy collateral, like home or other real estate, automobile, saving accounts etc. Since the presence of security covers the risk of lending amount, thus these loans are provided at lower interest rate. Whereas, unsecured business start up loans are available without any collateral. So, these loans are appropriate for tenants or for those who do not want to take any risk with their property. But due to the absence of collateral, these loans are available at higher interest rate. Nevertheless, the amount usually offered with business start up loans is ranged from ₤ 5000 to ₤100000 along with a repayment period of 3-25 year.

While applying for a business start up loan, you will have to submit an application form with following data:

• A proper description of the business that you are going to start.

• You will have to mention how much you need to start up the business.

• You will have to submit guess estimation about the turn over of your business.

• And your personal finance statement regarding tax returns.

Generally, it is a kind of enquiry with which lenders try to check what kind of business borrowers want to start, whether the business will sustain or not etc. Various lending organization also check what the borrower’s credit score is. Though, borrowers with bad credit history also can opt for business start up loans.

Seeming lucrative- isn’t it? But do not hurry up for availing a loan. But take time, calculate how much you need to start up a new business. Do remember, you will have to face hassles if you cannot repay the amount. Furthermore, you can lose your possession on your property in case you cannot repay a secured business start up loan. So, be sure about your repayment capacity and then apply for the loan.

These days, many lenders like banks, financial institution, lending organization are offering business startup loans. Besides, online is a good source to find out a good deal. At the same time do not forget to compare different loan quotes before applying for a business start up loan.

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