Giant’s Slow Recovery

October 19th, 2012

After a devastating seven-quarter beating which took place on the year of the dragon and rabbit, it seems that China is back in the ball game. Earlier this year, the Chinese economy is monitored by the world’s watchful eyes because of its economic slow down. The second largest economy, whose leadership transition will take next month, is slowly recuperating from its weakened economy.

Signs of recovery has materialized on its GDP as it expanded 7.4 in the third quarter compared to the previous year. “China’s economy is performing better than expected, and the bottoming will be clear in the fourth quarter,” a statement given by a chief China economist for JPMorgran Chase & Co. to Bloomberg last October 17. several monthly data also backed up the mustered strength as the industrial production in September leaped more than its expected increase and retail sales also took a step up at 14.2 percent which is the most significant positive movement since March. The fixed-asset investment, rural household not included, increased 20.5 percent for the first nine months.

But amidst the signs of recovery, several important factors are still in the deep. One of which is the foreign direct investments. As relayed by the Ministry of Commerce in Beijing, spending fell 6.8 percent as compared to the previous year. Furthermore, One of the probable reason given on a news report was inclined to the fact that foreign investors are concerned over the evident slowdown of the country’s economy.

Aside from its economic slowdown, China is also being putted on the spotlight because of its sovereignty talks about the disputed islands along the south china sea. Several countries are already been infuriated and diplomatic relationships are slowly disintegrating as the Chinese government still showing an aggressive stance on its claim.

Stephen Stevenson

One Million in Two Weeks with InstaForex!

October 16th, 2012

InstaForex always provides you with the latest updates on international market events as well as company’s news. Today we would like to tell you about an exceptional situation. Despite its originality, it demonstrates the unique opportunities you can get on exchange market. Recently, one of our clients Akhmad Arief made the daydream of millions of traders real. After two weeks of active trading, he managed to increase his start-up capital up to $1,000,000!

This story began when Akhmad opened his $1,000 trading account with InstaForex in the beginning of July. During two weeks he was trading such currency pairs as GBP/USD and EUR/USD. Nobody expected that he could become a millionaire by the middle of the month using risk strategy!

«We have never seen such trading before and will hardly see soon. Even in conversion to the working days the yield was 100% per day during 10 days in a row. The profit volume is astonishing as well as the length of such win-win and risk strategy as the client used all the money on his account for the next deal. But every time lady luck was on his side,”- Aleksey Badjyanov says, representative of the Dealing Department.

Chart

The chart shows the balance of #2065757 live trading account. Within the first two weeks of July, the account holder earned over one million US dollars with the initial deposit slightly more than one thousand US dollars. Eventually, the account balance was running $1162092.42. The second half of July appeared to be far less successful for the customer: he lost all his profit.

Having earned $1,000,000, Akhmad decided not to stop. However, Forex market is known to be very unsteady due to frequent oscillations and change of trend directions. Successful deals were followed by deals opened against the trend direction which led to profit loss.

Of course, foregone million disappointed the trader. However, Akhmad is not in despair and is already planning to win again. For him, as for many other traders, this situation was indicative of endless possibilities on exchange market which proved that one can make up a fortune out of modest capital! Nevertheless, it is important to benefit from the achieved results and also not to be affected by the astounding success.

2065757Interview with Mr. Ahmad Ariff:

IFX: How long have you been working on Forex?
AA: About 5 years, starting from 2007 until now. Before, I used another platform with another trading system (different from MT4) that limited me to less money I could earn. Then my friend recommended me InstaForex that used MT4, so I can trade higher trading volumes.

IFX: It’s a dream of every trader. How did you manage to make fortune from such a small initial deposit?
AA:
Depends on the graf (high-recommended to sell, low-recommended to buy), besides, I used Forex trading signal, RSI, PPO, stochastic, technical analysis, and future fundamental analysis.

IFX: What currency pairs have you traded?
AA: My favorite are EURUSD, GBPUSD and AUDUSD.

IFX: Why have you chosen them in particular?
AA: For me, fundamental points of these currencies are easier to read and forecast..

IFX: What leverage have you chosen for trade?
AA: I start with 1:200. And I will change this parameter if I need in the Client Cabinet. This is a very attractive feature of InstaForex.

IFX: Did you plan to earn such a huge amount when started trading?
AA: Of course, yes.

IFX: You made a dream of a million traders come true, what do you feel after losing it?
AA: Really really frustrated… I was not in front of my PC when it happened. I was engaged in outside work during that time… so I couldn’t close my open position.

IFX: Do you plan to repeat it and get a million back?
AA: Yes!

IFX: If you succeed to make a million again, what will you spend it for?
AA: Clear all my loan, buy a new house, new car, do other investment and some charity’s work.

IFX: What in your opinion helps traders earn on Forex: their skills or good luck?
AA: Skills are very important, as a trader, a lot of new traders, should learn some basics, such as indicators, patterns, technical analysis, and fundamental analysis, but good of luck not all traders get it.

IFX: Do you think your profit was a result of your hard work or just an accident?
AA: I’ve 5 years experience as a trader. It is hard to become rich with small initial deposit, but if you’ve a lot of money, let’s say USD100,000 and more, you can rapidly earn money in short term..believe it!

IFX: What will you advise the beginning traders?
AA: For new trader, please learn some basics, follow your leader, ask them why, why and why and most important is gain experience in trading.

Competent active trading and compliance with you trading strategy make it possible for every InstaForex trader to reach the most cherished objective and add a new name to the list of the most successful traders.

Good luck in trading with InstaForex!

The material is prepared by InstaForex PR Department with the consent of the owner of the trading account № 2065757 Akhmad Arief. In October, in the terms of ShowFx Asia in Singapore there will be a video interview with the trader which will be published on GC InstaForex resources.

Eurogeddon

October 12th, 2012

The latest EU developments generated untold number of talks about its further prospects. The most probable outcome, though allowing for other alternatives, was the prophecy of imminent breakout of the Eurozone idea per se. An imaginary scenario was wisely baptized as Eurogeddon. Quite an artistic term appeared in the end of 2011, the time when European leaders had one summit after another and Mario Draghi gave speeches at least once a week. Since then the situation worsened in Europe. Greece rescue scenario is dimming against the background of Spain economic issues. European Union is sinking deeply into recession during perilous economic times and the only reasonable outcome could be the deliverance from fragile economies the entity is saddled with. However, France and Germany indignantly deny the possibility of such perspective. Nevertheless, any of the teetering states were supported by the strongest members and the governments had to impose more austerity measures. Investors are waiting for Greece and Portugal default, unemployment rate is growing in Spain and it seems to be impossible to deal with these circumstances. In order to initiate growth within these countries, the EU has to inject as much money as it cannot afford now.

What will happen with the European currency then? If the Eurogeddonists are right, it will face a collapse. The countries that came to grips with the default would better come back to their national currencies in order to devaluate it. Such outcome is possible only if they exit the European Union. Both financial and political experts are anticipating the EU disintegration suggesting that troubled countries will inevitably leave the Union which will result into crumble of the whole entity like a house of cards. The euro rescue will be too extravagant for the rest of the Eurozone members while return to the national currencies will be the only game in town. Until the EU pays dividends to its major regulators (Germany and France), it will exist. But even now it is possible to observe that teetering countries are trying to extract money from the rest. It is stipulated by the terms of the Union but is not beneficial for more prosperous countries.

The world is watching this situation and, of course, it is not indifferent to its outcome. But it becomes apparent not in the ability to help but in the euro discredit. Despite the probability of prolonged period of stagnation in the region, the euro stability is doubtful.

Extent of euro influence

October 10th, 2012

Since the euro is one of the main Forex instruments, it is crucial to know to what extent this estimable currency is influential.

At present, the euro is an official currency for the majority of EU nations. 7 countries out of 27 are even planning to replace their national currency with the euro in 2014-2015. Denmark, Sweden and Great Britain do not seem to be willing to join the euro area so far. There can be various reasons for it, but they are mostly psychological rather than economic.

The euro reaches out far beyond the Eurozone borders. Vatican, Monaco and San Marino concluded formal agreements with the EU to adopt the euro as an official currency. The euro also serves as an official currency in Andorra, Montenegro, the Republic of Kosovo and two British-administered areas on Cyprus, even though they adopted the single European currency unilaterally.

What is more, the euro is used in some countries of Africa and Pacific Island countries.

A Peek at the Greenback’s Election

October 4th, 2012

After winning the 2008 election, beating the republican John McCain, and being the first African-American president who extinguished any trace of racism left in the American soil, Barack Obama is once again on the poll.

This time, the African-American president is up against the former governor of Massachusetts – Mitt Romney. The 65 year old Republican is the 70th governor of Massachusetts who has a good educational background in Business Administration. He obtained his joint Juris Doctor and Master of Business Administration from the Harvard University. On the other hand, President Barack Obama is a graduate of Harvard Law School and has proven his worth in the past 4 years. He signed various legislation to counter the economic recession in 2007 to 2009. Some of which are the American Recovery and Reinvestment Act of 2009; Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010.

The clash between the two Harvard University graduates had already begun at the first round of the presidential debates. Romney said the current president favors a form of “trickle-down government” with more taxes and regulations according to a Bloomberg report. Obama rebutted the argument by saying that Romney favors the wealthy through his “top-down economics” and loading the burden to the shoulder of the middle class Americans.

According to past statistics, although the debates really has a huge impact on the outcome, it still fails to decide the result of elections. The election which will decide the fate of the greenback for the next 4 years is scheduled to be held on November 6,2012.

Stephen Stevenson