Tag Archives: Market

Forex Trading Articles

Finding a Forex Trading Broker That Can Help You Make Profits in the Forex Market

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Finding a Forex trading broker is not easy. That’s because there are lots of Forex brokers that can offer competitive deals and excellent platforms that can simplify your trading transactions.

Although there are many excellent Forex brokers that can help you succeed at the currency market, there are also some that are only interested in taking your money. These are fraudulent brokers and you should avoid them.

You should always expect therefore that finding the right broker is not as simple as choosing an email provider. You should carefully study the offers, terms, and value added features provided by a Forex trading broker. So here are some tips that could help you in finding a reputable and reliable Forex broker.

Find a Broker that Is Recognized by Regulatory Authorities

The Forex market is a highly deregulated market. It operates globally and is not subject to any national regulatory policies. However, there are countries that impose some regulations on Forex brokers.

For example, if you want to get a US-based broker, you should check if it is a registered Futures Commissions Merchant. This means the broker is recognized by the Commodity Futures Trading Commission of the United States. So dealing with such broker would be safe and you can expect professional services from it.

Find a Broker with Excellent Customer Services

A Forex broker should be able to provide excellent customer service. This will ensure that you can get proper support from your broker. Customer service excellence also means that the broker highly values you as its client.

A broker therefore should have several channels of customer support and services. You should be able to contact the firm through telephone, email, and live CSR help. In fact, some of the best brokers will call you at your workplace or at home to appraise you about the situation of your trades.

You can check the reliability of a broker’s customer service by calling or sending support ticket. A broker should promptly respond to your query within 24 hours and should be able to answer your questions. If you think that the customer service of a broker is not good enough, you better find other brokers that can provide better support.

Find a Broker with an Easy to Use Platform

A Forex platform is your primary tool when you trade currencies. This should be provided to you for free. You must choose a Forex broker that has an easy to use and flexible Forex trading platform. If the platform is easy to use, you will not find it difficult to trade at the market.

It is best if the broker can provide downloadable as well as web-based platform. You also need to select a broker that will allow unlimited use of their Forex platform even if you still do not have funds in your account. This way, you can extensively practice on your platform so you can sharpen your Forex trading skills.

You need to carefully select a trading broker because it can provide big help for you. You have to ensure that you will open a Forex account with a broker that has excellent and reliable services.

Forex Trading Articles

Forex Trading – Preparing for the Forex Market

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Soon you will be raking in pips when you study forex trading at the School of Pipsology. This is because learning forex trading is made so much easier by people who like you have had their fill of self-educating before becoming successful forex traders. The School of Pipsology curriculum was developed with beginners like you in mind trying to figure out the odds and ends of forex trading. By replicating your schooling experience, the forex trading curriculum takes you through the successive grade levels as you learn the basics of trading in the forex market.

• At Kindergarten level, you will learn about the types of trading and the types of charts used for the analysis of the forex market. At the end of the level, you will already know how to analyze both market fundamentals vis-a-vis the economy and the price movements in the forex market using charts.

• The 1st Grade level focuses more on reading candlestick charts as a way to read market behavior. At this point, you will learn how to read the buying or selling activities of the bulls and the bears.

• The 2nd Grade level familiarizes you with the support and resistance levels. It tells you how to read the upper limit or resistance, the highest point before an upward market turns towards the opposite direction. The part where the downward movement switches back upward is read as support. With the support and resistance levels, you will also learn about plotting trend lines and channels.

• You will learn about the Fibonacci retracement and extension levels at the 3rd Grade level. These levels are used as support and resistance levels, and profit taking levels respectively. You will see how traders watch these levels to place their buy and sell orders.

• Moving averages is the focus of the 4th Grade level. Simple and exponential moving averages are introduced to you as a way of tracking the performance of forex trading prices and of showing you how other traders are moving.

• The 5th Grade level takes you through each of the most common chart indicators used in analyzing market indices. The Bollinger Bands, the Relative Strength Index, and the MACDs among others are introduced to you in this Grade level.

This is simply the start of your forex options trading and currency trading education. These basics will allow you to move on to the more advanced levels in the School of Pipsology curriculum. After completing the course, you will be able to actively do forex options trading and currency trading and start raking in pips.

Market Analysis

Africa Telecom Market Report 2008-2009

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Africa grows fast in population, currently 900 million plus. The growth rate of African economy was 5.7% in 2008, and the figure may drop to 3.2% in 2009 since global economic slowdown.

As one of regions where telecom industry develops the most rapidly, mobile communication in Africa is progressing exceedingly fast. At present, there are approximately 390 million cell phone subscribers, but with less than 45% penetration rate. Thereby, it still has great potential for further development.

Mobile prepay users take the majority of Africa’s subscribers, a single subscriber may have several cards; so, the real penetration rate is less than that aforementioned.

Economic improvement and open-up of telecom industry drive the rapid growth of Africa telecom industry.

Table Of Contents :

1. Overview of Africa Telecom Industry
1.1 Industry Scale and Growth
1.1.1 Fixed Telephone Market
1.1.2 Mobile Communication Market
1.2 Market Patterns
1.2.1 Fixed Telephone Market
1.2.2 Mobile Communication Market
1.3 Internet Market
1.4 Business Competition Patterns

2. Algeria
2.1 Status Quo & Trend of Telecom Industry
2.2 Key Operators
2.2.1 Orascom Telecom Algeria (Djezzy)
2.2.2 Algeria Telecom
2.2.3 Wataniya Telecom Algérie

3. Egypt
3.1 Status Quo of Telecom Industry
3.2 Key Operators
3.2.1 Telecom Eygpt
3.2.2 ECMS (Mobinil)
3.2.3 Vodafone Egypt

4. Morocco
4.1 Status Quo of Telecom Industry
4.2 Key Operators
4.2.1 Maroc Telecom
4.2.2 Meditel (Méditelecom, Méditel for short)
4.3.3 Wana

5. Libya
5.1 Status Quo of Telecom Industry
5.2 Key Operators

6. Tunisia
6.1 Development of Telecom Industry
6.2 Key Operators
6.2.1 TUNTEL
6.2.2 TUNISIANA

7. Cameroon
7.1 Status Quo of Telecom Industry
7.2 Key Operators
7.2.1 CAMTEL
7.3.2 MTN Cameroon
7.3.3 Orange Cameroon

8. Congo, Dem. Rep
8.1 Status Quo of Telecom Industry
8.2 Key Operators
8.2.1 Zain Congo
8.2.2 Vodacom Congo

9. Uganda
9.1 Status Quo of Telecom Industry
9.2 Key Operators
9.2.1 UTL
9.2.2 MTN Uganda
9.2.3 Zain Uganda

10. Ethiopia
10.1 Status Quo of Telecom Industry
10.2 Key Operators

11. Nigeria
11.1 Status Quo of Telecom Industry
11.1.1 Fixed-line Communication
11.2.2 Mobile Communication
11.2.3 Internet
11.3 Key Operators
11.3.1 MTN Nigeria
11.3.2 VMobile
11.3.3 NITEL
11.3.4 Globacom

12. Kenya
12.1 Development of Telecom Industry
12.1.1 Latest Developments of Communication Business
12.1.2 Fixed-line Communication
12.1.3 Mobile Communication
12.1.4 Internet
12.2 Key Operators
12.2.1 Telkom Kenya
12.2.2 Safaricom
12.3.3 Celtel Kenya

13. Ghana
13.1 Development of Telecom Industry
13.2 Key Operators
13.2.1 Ghana Telecomm
13.2.2 MTN Ghana (Scancom)
13.2.3 Zain Ghana(Celtel)

14. South Africa
14.1 Status Quo of Telecom Industry
14.1.1 Fixed-line Communication
14.1.2 Mobile Communication
14.1.3 Internet
14.2 Key Operators
14.2.1 Telkom
14.2.2 MTN
14.2.3 Vodacom
14.2.4 Cell-C

15. Zambia
15.1 Status Quo of Telecom Industry
15.2 Key Operators
15.2.1 Zamtel
15.2.2 Telecel Zambia(MTN(Zambia))
15.2.3 Celtel Zambia(Zain Zambia)

16. Madagascar
16.1 Status Quo of Telecom Industry
16.2 Key Operators
16.2.1 Telma
16.2.2 Orange Madagascar
16.2.3 ZAIN Madagascar

17. Tanzania
17.1 Status Quo of Telecom Industry
17.2 Key Operators
17.3.1 TTCL
17.3.2 Vodacom Tanzania Ltd
17.3.3 ZAIN Tanzania (Celtel Tanzania)

18. Trends of Africa Telecom Industry
18.1 Characteristics
18.1.1 Overall Backwardness
18.1.2 Unbalance Development by Region
18.1.3 Rapid Development
18.1.4 Mobile Communication Over Fixed-line Service
18.1.5 Mainstream Status of GSM
18.1.6 Huge Market Potential
18.1.7 Intense Competition
18.1.8 Reform in Telecom Industry
18.2 Entry Suggestions
18.3 Investment Opportunities
18.4 Development Trend

Selected Charts

“Growth of Fixed Telephone Subscribers in Africa, 1995-2007
Growth of Mobile Phone Subscribers in Africa, 2003-2008
Penetration Rate of Mobile Phone Subscribers in Key African Countries, 2008
Population Distribution in Africa
Distribution of Fixed Telephone Subscribers in Africa, Sep 2007
Fixed Line Penetration in Africa by region, Sep 2007
Number of Operators in Key African Markets, 2008
Top 10 Mobile Operators in Africa, 2008Q1
Internet Subscribers Distribution in Africa at the End of Jun 2007
Status Quo & Trend of Algeria Telecom Industry Development
Growth of Mobile Subscribers in Algeria, 2000-2007
Mobile Subscribers of Orascom Telecom Algeria (Djezzy), 2006-2008
Mobile Market Share of Orascom Telecom Algeria (Djezzy), 2008
MOU of Orascom Telecom Algeria (Djezzy), 2006-2008
ARPU of Orascom Telecom Algeria (Djezzy), 2006-2008
Revenue of Orascom Telecom Algeria (Djezzy), 2007-2008
Organization Structure of NTRA
Status Quo of Telecom Licenses in Egypt
Egypt Telecom Licenses
Fixed Phone Subscribers in Egypt, 2008
Mobile and Fixed Phone Subscribers in Egypt, 2007-2008
Broadband Subscribers in Egypt, 2008
Internet Subscriber and Penetration Rate in Egypt, 2007-2008
Internet Access by Type in Egypt, 2007-2008
Age Structure of Internet Subscribers in Egypt, 2007-2008
Mobile Phone Subscribers in Egypt, 2008
Public Phone Subscribers in Egypt, 2008
Phone Penetration Rate in Egypt, 2008
Phone Penetration Rate in Egypt, 2007-2008
Revenue and Expenditure of Key Telecom Operators in Egypt, 2007-2008
Mobile Communication Market Share in Egypt, 2008
Key Financial Data of Telecom Egypt, 2008
Profile of Mobinil
Mobile Subscribers of Mobinil, 2006-2008
MOU of Mobinil Mobile Subscribers, 2006-2008
ARPU of Mobinil Mobile Subscribers, 2006-2008
Revenue of Mobinil, 2007-2008
GSM Mobile Subscribers, 2007-2008
Growth of Mobile Subscribers in Morocco, 2000-Jun 2007
Growth of Fixed Phone and Cell Phone Subscribers of Maroc Telecom, 2007-2008
Classification of Mobile Phone Subscribers of Maroc Telecom, 2007-2008
Internet Subscribers of Maroc Telecom, 2007-2008
Equity Structure of Meditel
Growth of Fixed Phone Subscribers in Tunisia, 2000-2008
Growth of Mobile Phone Subscribers in Tunisia, 2000-2008
Mobile Market Share in Tunisia, 2008
Growth of Internet Subscribers in Tunisia, 2000-2008
Mobile Subscribers of TUNISIANA, 2006-2008
MOU of TUNISIANA Mobile Subscribers, 2006-2008
ARPU of TUNISIANA Mobile Subscribers, 2006-2008
Total Revenue of TUNISIANA, 2007-2008
Phone Market Share of Cameron, 2007-2008Q1
Growth of Mobile Subscribers in Cameron, 2000-2008
Classification of CAMTEL’s Fixed Phone Subscribers, 2007-2008
Growth of Mobile Subscribers of MTN Cameroon, Mar 2002-Jun 2007
Growth of Mobile Subscribers of MTN Cameroon, 2007-2008
Growth of Mobile Subscribers of Orange Cameroon, 2007-2008
Market Performance of Vodacom Congo, 2008
Uganda Telecom Developments, 2008
Uganda Call Volume, 2008
SMS Classified Volume in Uganda, 2008
Public Phone Quantity in Uganda, 2008
Internet Bandwidth in Uganda, 2008
Growth of Internet Subscribers in Uganda, 2000-2008
Growth of Mobile Subscribes of MTN Uganda, Mar 2002-2008
Internet Coverage of Zain Uganda
Organization Structure of Ethiopia ETA
Growth of Mobile Subscribers in Ethiopia, 2000-2007
Organization Structure of ETC
Fixed Phone Coverage in Nigeria, 2008
Growth of Fixed Phone Subscribers in Nigeria, 2000-2008
GSM Operators Statistics in Nigeria, Mar 2009
CDMA Operators Statistics in Nigeria, Mar 2009
Growth of Mobile Subscribers in Nigeria, 2000-2008
Market Share Proportion of the Four Operators
Mobile Subscribers and Penetration of MTN Nigeria, 2002-2008
ARPU Changes of MTN Nigeria, 2002-2007
Changes of Fixed Phone Subscribers by Business in Kenya, 2007-2008
Changes of Fixed Phone Subscribers in Kenya, 2000-2008
Fixed-line Subscribers and Penetration Rate in Kenya, 2000-2008
Fixed Phone Access by Type in Kenya, 2007-2008
Regional Distribution of Fixed-line Subscribers in Kenya
Urban and Rural Fixed-line Subscribers’ Proportion, 2008
Mobile Phone Subscribers and Penetration Rate in Kenya, 2007-2008
Growth of Mobile Phone Subscribers in Kenya, 2000-2008
Changes of Mobile Communication Traffic Volume in Kenya, Apr-Dec 2008
Changes of Mobile Phones Expenses in Kenya, 2007-2008
Changes of Mobile Network Coverage in Kenya, 2007-2008
Changes of Mobile Communication Revenue and Investment in Kenya, 2007-2008
Changes of Internet Subscribers in Kenya, 2007-2008
Changes of Internet Revenue & Investment in Kenya, 2007-2008
Changes of Subscribers of Key Mobile Operators in Kenya, 2003-2008
Equity Structure of Safaricom
Growth of Mobile Subscribers of Safaricom, 2005-2008
Growth of Fixed Phone Subscribers in Ghana, 2000-2008
Market Share of Fixed-Phone Operators in Ghana, 2008
Growth of Mobile Phone Subscribers in Ghana, 2000-2008
Internet Subscribers’ Proportion by Type in Ghana
Subscribers and ARPU Changes of MTN Ghana, 2006-2008
Growth of Fixed Phone Subscribers in South Africa, 1999-2007
Growth of Mobile Phone Subscribers in South Africa, 2000-2008
SIM Card Penetration in South Africa, 2006-2008
Market Share of Mobile Communication in Africa, 2008
Growth of Internet Subscribers in North Africa, 2001-2008
Market Share of Mobile Operators in South Africa, Dec 2008
Telkom’s Subscribers by Type, 2006-2008
Telkom’s Call Time by Type, 2006-2008
Internet infrastructure of Telkom, 2004-2008
Main Businesses and Financial Results of MTN, FY2008
MTN’s Subscribers Distribution by Region
APRU of MTN
Development Trend of Mobile Subscribers of MTN in Middle East and Africa
Main Businesses Structure of MTN
MTN’s Market Analysis by Region
Subscribers’ ARPU Changes of Vodacom SA
Mobile Operating Data of Vodacom, 2006-2008
Revenue Growth of Vodacom, FY2007-2009
Market Share of Zambia’s Mobile Operators, 2004-2007
Mobile Phone Development in Zambia, 2000-2008
Internet Subscribers Development in Zambia, 2001-2008
PSTN Subscribers Development in Zambia, 2001-2008
Netwrok Coverage of MTN(Zambia)Ltd
Subscribers Development of Zain Zambia, 2004-2008
Revenue Growth of Zain Zambia, 2004-2008
Net Profit Growth of Zain Zambia, 2004-2008
Phone Penetration in Madagascar, 2000-2007
Operation of ZAIN Madagascar, 2007-2008
Operator Numbers by Type in Tanzania
Voice Telecommunication Subscribers, 2000 – 2008
Mobile Phone Subscribers’ Proportion to Fixed Phone Subscribers in Tanzania
Voice Telecommunications Penetration (Teledensity)
Voice Telecommunications Penetration (Teledensity)
Subscribers per Operators
Mobile Phone Market Share in Tanzania, 2008
Equity Structure of TTCL
Operation of ZAIN Tanzania, 2008
Growth Trend of Mobile Subscribers in Africa, 2002-2012E
Mobile Subscribers and Penetration in Africa, 2002-2012E
Development Trend of 3G Subscribers in Africa, 2002-2012E”

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Market Analysis

Communication In A Global Market

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At PS, many of our clients work within the marketing industry and a large percentage of the work we undertake is to provide a localised version of a marketing communication campaign into specific languages. Typically this involves taking pre-existing copy for (usually) a pre-existing product or service and adapting it to fit the language of the desired non-native market. This can often be a complex process and there are many examples of companies that have gone through the localisation process of their products and services only to realise (often too late) that what they have produced is not suitable or, even worse, insulting to their intended market.

This article examines the various approaches organisations may adopt when looking to expand from their domestic market and also looks at localisation strategies they can use to aid in the success of their international marketing efforts. The main themes will focus more on the written word and the actual process of translating a marketing communication message, and does not take into consideration other issues that will affect the localisation process, such as the technological issue that may be present when developing a marketing strategy in a non-domestic market.

At this point it is worth what motivates organisations when promoting and selling their products and services into non-native markets. Typically, marketing products in markets outside the domestic domain fall into 4 categories. In the first approach, companies undertake what can be referred to as infrequent foreign marketing. Here companies will use foreign markets as a means to eliminate surpluses which an over saturated domestic market is unable to absorb. Here marketing activities may be very short term and may only require a minimal amount of translation and localisation. Alternatively, companies may believe that there is enough of a sustainable foreign market on an ongoing basis and will adopt regular foreign marketing activities.  In this instance the domestic market is still the main focus, however, often by the use of middle men and agents, companies who use this approach are able to service both domestic and international markets simultaneously. The third approach is to focus on international marketing as part of a whole marketing strategy. Here international markets are seen as equally important as domestic markets. Companies will often perceive their markets to possess unique characteristics for which individual marketing strategies and characteristics will need to be adopted. The process involved in localisation and translation in this approach can be fairly complex, however, it will also allow for a closely targeted market, reaching segments that perhaps a more uniform approach may not reach.

The fourth approach is to view the world as a single market. Referred to as global marketing, this approach standardises its processes and activities to offer a common product or service through all the markets they serve.

It is worth considering which approach your organisation or, if you are working on behalf of someone else, your client is adopting. These different approaches will affect the overall process of how you implement your marketing strategy and will also involve varying amounts of resources. Although advances in technology have made the deployment of a targeted message more cost effective, individual translation will need to be processed by a human and therefore marketers and business managers will need to consider the potential ROI (return on investment)  that an approach such international marketing will generate versus the resources needed to process this strategy.

Fundamental to the successful launch of a marketing campaign into a non-domestic market is a good understanding of the nature of that market. If, for example, your objective is to launch a specific product or brand into a new market, analysis should be undertaken into the suitability of the existing brand’s identity (e.g., colour, shape, text) in the existing market.  What works well from a branding perspective in one market may be disastrous in another, and there are many examples of companies who have launched an international campaign based around a specific domestic campaign only to discover that the brand that is at the heart of the message carries an unsavoury name or connotation. At the very least we suggest a brand name analysis should be undertaken prior to launching a brand into a new market.

It’s also worth noting the other cultural convention of your proposed target market. Colour, for example, can play a key role in a company’s identity but this identity may have many different connotations depending on the target market. It is also crucial to understand how your market responds to messages. Some markets may respond very positively to a less formal approach when delivering a message, whereas more conservative markets may see this approach as sloppy or unprofessional.

A common approach in copy writing is to use analogies in an attempt to make the reader draw similarities with the product or service under discussion and an existing, perhaps well known product or service. Often these analogies will be based on an understanding of an entity that is known to the reader in the existing market, but may be unknown or alien in the new proposed target market. Examples are comparing physical size of somewhere to a geographically known location in the domestic e.g., “an area the size of Birmingham” etc.

Because of the subjective nature of translation, whenever undertaking any translation assignment it is vital to use a translator who is not only an expert linguist but also an expert in their respective field. Using a technical translator to localise a marketing brochure selling financial services just will not do. Translation of marketing material goes beyond the literal and involves the ability to interpret the essence of the message. Translators who are used to translate branding and corporate identity need to distil the message, taking the key elements and present it in a language that the target market will respond to. In this instance, using mother tongue translators based in the country of origin is vital.

In summary then we suggest that, as a minimum, prior to launching a marketing message into a unknown market, initial research is undertaken into the feasibility of using the core message (be it the brand or what ver is at the heart of the communication) within the market. It is likely that business leaders and managers will have already determined that there is a need for a particular product or service in a specific market and that their product or service can successfully fill that need. It is then the job of the marketer to communicate this product or service to the desired new market. 

 

Forex Trading Articles

Major Currencies In The Forex Market – Forex Trading The Currency System Explained

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Going into the forex market means that there is a lot to learn if you want to be successful. As well as a knowledge of markets and strategies, you will need to combine this with a knowledge of the currencies involved and the countries where they are used. The good news is that beginners can quickly get to grips with the major players of the forex market.

In forex trading the US dollar (USD) is the most traded currency, followed closely by the Euro (EUR) and the Japanese Yen (JPY). The Euro covers many of the European countries, one notable exception being the UK who trade in British Pounds Sterling (GBP). When you get started in forex trading you can of course make your own mind up as to what currency to trade – some other major currencies including the Canadian dollar (CAD) and the Australian Dollar (AUD).

If you are completely new to forex then you may decide to start trading using your own currency. This makes sense for a lot of beginners due to the fact that they are completely comfortable with their own currency, and probably already have a sense of its strong or weak points in recent years. If you decide to trade in a currency other than your own then that is also perfectly acceptable. The good news is that the internet makes gaining information much easier than it once was. In fact you may already be aware of changes in the exchange market simply by keeping track of worldwide news. As well as this through increased demand for software and automatic sensing systems within the Forex market, products such as Forex Phantom have been developed to help the Forex trader minimise their risks and keep profits high. Forex Phantom has only been released this year and is set to be the worlds best selling Forex trading system in the next 6 months. With its unique features and simple to use interface Forex Phantom is able to minimise your risks and guarantee profitable trades.

When you start trading forex take some time to learn about the major currencies. You should be able to find information on each one online, including charts that help you get to grips with recent trends.