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General Forex

Get One Step Ahead With Forex Training

Learning to trade Forex is a great way to replace your job or earn a little money in your free time. Forex is not a get rich quick scheme so you should not go into your trading career thinking in this way. Yes, you can earn money rather easily, but Forex does have a learning curve which will take some time, so make sure that you get some training as you are starting out.

There are many Forex training courses that will help you to learn the ropes of trading currencies. Once you have selected one to use, stick with it and follow the teaching methods. Too many people fail because they switch from one Forex training course to another and never stick with it long enough to reap the benefits. Here are three tips to help you as you learn more about trading.

1. Study and make trades consistently. You aren’t going to learn the ins and outs of the foreign exchange markets by just trading whenever the mood strikes or whenever you have free time. If you are determined to be successful at Forex trading then you’ll need to set a goal to make three trades a week or to study your Forex training course for an hour every night. As with anything, set a reasonable goal so that you set yourself up for success.

2. Spend time learning each strategy and charting pattern before going to the next. There are many strategies to learn about when learning to trade Forex in addition to multiple ways of charting the data. To be able to make the best decisions in your trading, aim to have a full understanding of each one before moving onto the next one. Fibonacci Retracement patterns may take you longer to learn than the Japanese Candlesticks; that’s okay, it’s not a rush to get through your Forex training. You want to take it all in so that you minimize your risk and losses.

3. Remember that Forex trading is part knowledge and part art. Basically you are making educated guesses when you trade currencies. Once you have some basic Forex education, you’ll need to use your mind and gut feelings to make your moves. You can see all of the data from the past laid out in front of you on your computer screen, but you’re making a prediction as to whether the market will go up or down. Expect some losses in the beginning, so start with small scale trades, but with education and practice you’ll get the hang of making profitable trades.

In anything you do, you’ll get better results by following a training course rather than just trying to learn on your own since you’ll be given specific topics to study. Additionally, look for a mentor, either someone that you already know or that you’ve gotten to know online, so that you can ask questions and learn from them.

Market Analysis

Forex And The Evolution of Direct Market Access

The Forex market is a decentralized market which has been historically fragmented. This has resulted in inconsistent trade execution on the part of most brokers since they operate in various capacities. Direct Market Access (DMA) now enables traders to transact their orders directly with sources of liquidity or primarily Interbank participants.

A Forex DMA broker acts in an agency capacity as opposed to being a market maker. The complete transparency of a Forex DMA offers many benefits:

Forex DMA orders are only based on two variables – (1) Price and (2) the time that the order is placed. The result is efficient execution where requotes are rare regardless of the market conditions.

Forex DMA pricing is based on institutional standards of 1/10th of a pip pricing as opposed to ½ or 1 pip pricing. Retail brokers typically quote using ½ to 1 pip to capture the difference in their favor.

Forex DMA brokers also offer trading anonymity which gives the trader a level playing field.

Unlike traditional brokers that offer fixed spreads, a Forex DMA broker offers variable pricing that reflects the true market conditions in the Interbank Forex market. Brokers that offer fixed spreads are most likely acting in the capacity of a market maker and taking the risk on the client orders. While this is not inherently negative, it reduces transparency and calls into question the order handling process. DMA brokers eliminates this concern.

Until recently, DMA trading has only been available for larger institutions and hedge funds. With a vast improvement in trading technology, DMA can now be accessed by the trading public through the DMA brokers.

Forex DMA via Currenex is offered by Divisa FX which acts in an agency capacity to channel customer orders to 11 top tier banks within the Interbank market.

Market Analysis

World Stock Market: Growing Place Where Money Grows

Once the global business trade was limited to small and mid level companies however the scenario is changing these days. Both large and big companies and corporations establish their offices manufacturing operations, and trade associations for making their business operations across the globe. The global nature of the companies is now letting their induction in the global share markets.

The world stock market around the globe reflects the coordination among the global corporate players. Interestingly the growing integration between each trading market is coordinated. The fluctuation in one market closely related to another in all the aspects. This economic relationship among the markets make a big impact on the stock scenarios is based on complete speculations.

The trendy heritage of the world stock markets is worth saying. The stock markets of the developed economies are the very decisive factor that decides the fate of the economies and also the ways in which stock trading has to be taken place. World economy is now watching these markets dancing on the finest tune of financial surges. The trade tradition and the finance culture in these global places are different from each other.

A perfect regulator and the advisor could help you in choosing a place for best stock trading. When you are keenly interested in the trading MoneyControl.com is the best place where you may get the ideal assistance to prevent the risk factors of the volatile markets. If taking you in the past those persons who were the individual investors used to take part in the trading.

But the trend is changed nowadays as buyers and sellers are institutions like insurance companies, hedge funds, banks and various other FIIs are infusing their efforts and money in the market. In more advancement, virtual stock exchanges take place through the web or through closed computer networks. Whatever is the process, one thing coherent everywhere is the flow of money and transaction procedures.

Being an established name in stock market advisory, MoneyControl.com offers a number of well recognized suggestions and recommendations vital enough to get the fairer deals in the stock market. World stock markets are the most volatile place you may ever imagine therefore you need to acquire a good piece of consultation with the agencies like MoneyControl.com.

General Forex

Learn About Forex Robots

Forex trading has not been unknown to the small time investors. It has gained popularity with all the media attention. It has been an alternative for those who do not want to invest in mutual funds or share markets. But, some are still hesitant because of their inexperience in this line. Forex Robots have come up with a solution.

In a condition where the government cannot assure financial safety, it is not abnormal to secure the little extra money in the hands of banks. But banks do not give very favorable returns. In such situation alternative form of investment should be secured. Yet, according to the data available Forex is where money is lost. This is solely because money is not handled properly by the investors themselves.

Here emerges the role of Forex robots. Though, companies have also provided other options as Forex managed accounts, there are people who do not like this idea. This happens due to the involvement of other people in handling the accounts. People do not like to leave their money into others’ hands. Forex robots here act as a solution. It is nothing but a software that can handle transaction of currencies at a favorable time.

The reasons are many about which matters can be argued regarding the loss of money in Forex. But, majority will agree that a skip of the track of the ups and downs of the market is main reason. People actually do not get the time to keep on looking at the data and statistics to ensure when to sell the bought currencies or vice versa. This work is done by the Forex robot because it is equipped with such programs. It can make out what is going on in the market for the day and indicate the best time of transaction.

It is also necessary to mention here that Forex robots are not only tools that are lent in the market for tricking people to join the company. It is software that is used by many big brokering companies to keep there accounts managed. It is Understood that fraud and cheating is not involved as big companies do not rely on anything which can harm their business.

It is also worth mentioning that the initial investment in Forex robot managed accounts is higher than the individual investment done at the market. People can get examples that only a little sum as $25 has brought a turn over of hundreds. But, that example is rare. Statistics confirm that 95% individual investors have lost their money. It is always better to avoid such loses when an initial huge investment can bring that ever desired extra money.

Forex market is a liquid market. The values of currencies keep changing. The market has tendency to give lesser profit. Yet, huge sums do not come from investing securely such as in banks. Little risky people have always remained profitable. With software to mange accounts, this is yet more profitable.

Market Analysis

China Market Entry Strategies – Bypassing 1st Tier Cities

The first decade of reform and opening up in China saw large multi-national companies pave the way with big investments in all aspects relevant to their industries. Famous quotes such as “the risk not to be in China is bigger than the risk to be in China” from Heinrich von Pierer, the CEO of the Siemens AG from 1995 to 2005, were typical of a time when large capital investments were deemed necessary to enter the Chinese market.

As average wages have increased and consumers possess more disposable income and are willing to spend their hard-earned wages on modern products, more small and medium sized companies from around the world have entered the Chinese market importing products ranging from French cosmetics to German paint, from Ukrainian Vodka to Malaysian fruit juice.

As recently as a decade ago, entering the Chinese market was synonymous with entering the Beijing, Shanghai, or possibly the Guangzhou markets. It meant understanding the potential of a few select regional markets, as only those markets were believed to be profitable. The result has been a massive increase in marketplace competition coupled with the increased sophistication of 1st tier city consumers. New advertising campaigns continue to attract legions of curious consumers and their willingness to try new products is high; however, brand and product loyalty for many product categories continues to remain low.

Market Entry Strategy in China

The breakneck speed of the development of consumer markets in 1st tier cities such as Beijing, Shanghai and Guangzhou has led to a dynamic saturation of these markets by a constantly changing abundance of similarly-perceived products coming from around the globe. The term “dynamic market saturation” has been used to describe the high turnover of products entering the 1st tier city markets, all chasing after the same consumers although the size of the market in terms of the number of consumers remains fairly stable.

The vastness of China and the sheer size of the population mean that opportunities still abound for companies interested in entering this market. However, regardless of the product category, a passive market entrance that relies on the sheer number of potential consumers in China to flock to any and all products is no longer enough. A strategic decision-making methodology is now essential for determining whether or not to take the plunge in China.

Research in 2nd Tier Cities

Bypassing the highly competitive 1st tier markets is a viable option for many companies and can offer numerous rewards; in fact, it should be seriously considered. A recently concluded market research study carried out by Labbrand focused on understanding the feasibility of a new vodka brand to enter the Chinese market by bypassing the 1st tier markets, and identifying areas of consumption which go beyond the competitive battlefields of the nightlife and entertainment venues of the 2nd tier markets. In short, the objective of the study was to understand which vodka products from the client’s portfolio are suitable for whom, and where they are most likely to be consumed.

The scope of the study included a semiotic analysis of baijiu (1.) codes, video ethnography, and qualitative consumer focus groups with regular drinkers of baijiu and other alcohol in Chengdu, Shenyang and Wuhan. The focus groups were organized in restaurants together with a meal in order to allow for a thorough product tasting. The following key points were addressed in the consumer market research:

* General understanding of spirits and consumption habits,

* Consumption occasions (specifically for hotels, restaurants and cafes),

* Vodka category understanding,

* Brand name test,

* Taste test ,

* Packaging design test.

The project was completed with a brand positioning and strategy workshop to develop a compatible positioning of the brand for China.

Semiotic Analysis

The semiotics phase consisted of identifying the positioning of different Baijiu brands, the main codes used in communication and an analysis of various bottle styles currently found in the market place. The semiotic analysis identified the key axis for positioning in China. For Baijiu brands, codes used in communication were positioned along an axis ranging from power and achievement to universalism, tradition and heritage to hedonism and stimulation. The bottle designs were classified from power and status to universalism, from classical to modern, as can be seen in the diagrams below.

Data Collection and Recommendations

The focus groups revealed that in comparison to their 1st tier city counterparts, knowledge of foreign alcohol was limited among small city consumers. Foreign alcohol types were not differentiated, for example many participants did not know the difference between vodka and wine. Perceptions regarding drinking occasions and behaviors also varied. Within Chinese liquors, consumers would often buy the most expensive baijiu to have a drink with their boss, but purchase an inexpensive liquor to enjoy with their friends. With regards to foreign alcohol, beer was considered to be a casual drink that could be enjoyed with friends over dinner, whereas wine, specifically red wine, was considered more sophisticated and romantic. Foreign hard alcohols were associated with clubbing and being cool and trendy.

The idea of having a glass of whisky for enjoyment was not present among respondents. Purchases of foreign alcohol were based mostly on promotion and availability, while the reasons given focused on wanting to be trendy or garner the admiration of peers.

Information from the video ethnography and consumer focus groups also helped refine the client’s understanding of the target consumer and how they can best be engaged. Further recommendations included key areas identified as requiring improvement, namely the product name and packaging. The semiotic analysis also offered clear findings regarding dominant and emerging packaging and bottle codes.

Labbrand also made several comparisons and recommendations regarding potential distribution channels of interest for or client. By focusing on consumption occasions and locations, new restaurant types currently not considered a priority by major foreign brands were identified as potentially viable for introduction of the clients Vodka brand. For example, a vodka brand could develop a partnership with a Western-style restaurant positioned mid-market managed by a Chinese single proprietor. Premium alcohol brands are unlikely to target this type of outlet, yet a lot of consumers could be reached through this restaurant channel.

Conclusion

There is a vast amount of information available regarding Chinese consumers; however, most of these studies often forget to mention that their research was limited to a few 1st tier cities and possibly some quantitative statistics provided by the statistics bureau of China. A major learning for our client was that their understanding of the Chinese market and the results from the research were unique and required them to re-evaluate their market entry strategy. 1st tier and 2nd tier consumers are very different. Product understanding, market exposure, needs and expectations will be different in different product categories. Only through a well-formulated brand strategy based on comprehensive market understanding can brands, large or small, domestic or foreign, hope to build brand equity to succeed in the long run in China.

(1.) Baijiu (c��e�’; pinyin: báijiC”), is a Chinese distilled alcoholic beverage. The name literally means “white liquor”