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on January 19, 2012
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kiwanja
The Reserve Bank of India (RBI) is warning Indian investors and banks to be on alert against illegal overseas forex online trading scams that offer "guaranteed high returns." Indian residents have been targeted by a number of electronic trading portals that exhort traders to pay an initial investment amount in Indian rupees. Some scam companies have engaged agents who personally contact people and entice them with promises of exorbitant returns.
Most of the forex trading done on these portals is on a margined basis, which means that it uses huge leverage, or on an investment basis, where the returns are based on forex trading. People are being asked to make the margin payments for the online forex transactions through credit cards and deposits in various accounts maintained with banks in India.
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on January 15, 2012
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Ed Yourdon
Online trading strategies in forex do not have to b e complicated to be effective. Properly identified supply and demand levels are the most effective way to trade, because the give the lowest risk and highest reward trading opportunities. Using trend lines to define a trend is an easy way to figure out which direction the chart is taking, and which type of trade to look for - long or short.
Trend lines show where the traders in charge of the trend are doing their business, buying the dips in uptrends and selling the rallies in downtrends. Areas where opposing trend lines intersect resemble triangles. Price can't stay inside these triangles forever, so the action is to trade in the direction of the broken trend line. Triangles work on the long and short side as well.
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on January 6, 2012
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Ed Yourdon
Online broker TradeKing has announced that the lineup for its free March webinar series will be feature advice to help investors prepare for tax season, along with various trading strategies and topics. Specifically, the March 2011 webinars will feature the following sessions: "Trading and Taxes: What You Need to Know", "Trading Diagonal Spreads Instead of Covered Calls", "Short Call Spreads: Setup and Uses", "Avoiding Emotionally Fueled Trading", "Short Term Trading Strategies", and "Income Strategies, part 2: Iron Condors".
All the webinars are free and open to the public. TradeKing is both an online broker that is licensed as both a stock and option trading broker. Their commissions are very low at $4.95 per trade and $.65 per option contract. This broker has received several discount broker awards from top industry sources.
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