Q & A Forex Trading Market
4.5 Trillion Daily Transactions
How is money made in this market?
Profit is made with the movements of the currencies. If a currency is in a bad shape we sell it for profit, if we think it will get stronger we buy it. We can use leverage up to 1:50 to multiply our profit/loss.
How does that volume compare to the equities market?
Average daily international foreign exchange trading volume is about $4.5 trillion. It is by far the largest and most liquid market in the World.
Why are people generally not as familiar as with major Stock Exchanges i.e, NYSE, NASDAQ, London, Tokyo, Shanghai?
Maybe it is because it is a relatively new market although it has been around since the 1980s. It has become available to private investors with the Internet explosion about 10 years ago.
All of the sudden, everyone could open accounts and start trading. It is still considered an alternative investment and as such, pretty risky as well. It can be risky if you do not follow certain rules.
If you know what you are doing there is the same amount of risk involved as with stock trading but the potential rewards are much higher.
Reminder: Our minimum investment is 10K.
What is the Forex Market and Forex Trading?
The foreign exchange market or currency market or Forex is the market where one currency is traded for another. It is one of the largest markets in the world.
Some of the participants in this market are simply seeking to exchange a foreign currency for their own, like multinational corporations which must pay wages and other expenses in different nations than they sell products in.
However, a large part of the market is made up of currency traders, who speculate on movements in exchange rates, much like others would speculate on movements of stock prices. Currency traders try to take advantage of even small fluctuations in exchange rates.
In the foreign exchange market there is little or no ‘inside information’. Exchange rate fluctuations are usually caused by actual monetary flows as well as anticipations on global macroeconomic conditions. Significant news is released publicly so, at least in theory, everyone in the world receives the same news at the same time.
Reminder: Our minimum investment is 10K.
April 17th is the Deadline to File Federal Income Tax Returns. IRS gave a 2 day delay from April 15th to the 17th. Some changes tax filing calculations include increase for
-Personal Dependent Exemption
-Tax brackets levels
-Earned Income Credit
-Foreign Earned Income Deduction
-Joint Filers Modified Adjusted Income for Lifetime credits
-Medical Savings Deductions
The Tax Hike Prevention Act of 2010 is still in effect this year with tax breaks for:
-Social Security payroll tax for all SS
-Expanded Child Tax Credit
-Smaller Estate Tax
-Extended investment tax rate
-Marriage penalty relief
-Expanded college credit
-Individual tax break Extension
Changes in Technology for
the Remote Virtual Office
Virtual -Remote Office services have expanded with the changes of technology resulting in various programs for different small business requirements and budgets.
The local Business Suite or Business Centers in current times were the first form of Virtual Remote Offices. Small businesses or regional corporate sales offices could have presence in a city without the large expenses of starting separate remote business operations at different locations including international.
Many Virtual Offices and Suite services offer prestigious business street address instead of a P.O. Box address. Services are available on a lease which may include business phone number, receptionists in common greeting areas, answering services, meeting rooms, faxes and computers with email services and WI-FI, mail forwarding and private work space as needed.
The communication services offer professional phone answering and perhaps an 800 number that may be forwarded seamlessly to a home office, mobile phone or to multiple locations.
There are many types of Virtual Offices and though some Business Suite still focus on Street address/mail forwarding services there are organizations capitalizing on the Virtual Office communications with rich features for remote call solutions including virtual call centers.
Small businesses may setup their own virtual calls system or contract out virtual call centers for telemarketing, sales and support, web guides or phone/chat support.
Virtual Office communication services may offer multple extension phone numbers permitting home working employees to program their incoming calls for specific phones, days and times or multiple locations.
Some offer voice messaging that can be forwarded by audio emails or by text translations right to your smartphone or computer. And Management can broadcast by email or voice messages.
Some services offer marketing and sales tools with call tracking for analysis.
LIST OF SERVICES TO CONSIDER
Office Suite – Business Centers
Shared Offices and Meeting Rooms
Shared Computer and Equipment
Receptionist & Greeting Area
Address and Mail
Business Phone Number
Email & Text Messaging
Virtual Call Center Features
Multiple Extension Forwarding
Call Records for Analytics
TelemarketingWeb Based Command Center
Description – Affordable Virtual Office Communications Solutions for the entrepreneur and small business offers 800 Number Auto Attendant and remote forwarding including multiple extensions for the home based company with multiple employee/contractors.
-Low cost entry programs that can be scaled up as company grows
-Includes E-Fax delivered by Email per extension
-Multiple forwarding numbers per extensions
-Each extensions have their own settings including call times and days
-Call whisper feature allows receiver to screen call.
-Caller ID can be set to show call or Freedom Voice number when forwarding.
-Audio Voicemail Emails or Text Translation forwarding
-Professional talent recordings available
-Call records available for analytics
-Call back feature through 800 number
Strictly a communications system Virtual Office.
Does not include:
-Suite Office Space or Services
-Meeting Rooms or shared Office Spaces
‘There is one thing that Mike can do better than anybody else: With an angelic smile, he can ask a question that would get anyone else smashed in the face.
—Colleague Harry Reasoner
He was hired at the birth of 60 minutes in 1968 with his last report in 2008 and he delivered over sixty years of great journalism often through skillful interrogation.
Known for his well researched, and brutally direct often confrontational interview he somehow orchestrated with humor, finesse and amazing results.
We will miss that smile.
Charles Bolden, NASA Administrator gave his thanks ” to Amazon CEO Jeff Bezo and his private expedition team on the discovery of the Apollo engines in the Atlantic. Bolden also gave his “good luck’ on their efforts to raise the Apollo 11 F-1 engines which where dropped into the ocean 42 years ago as part of the historical “first man on the moon” mission.
Much can be done in the private sector where the government does not have the funding or capacity to accomplish things such as this.
Anytime government has to fund and put energy in a project something else is not getting funding or receiving attention needed. And there is way too much placed on government to solve that can and should be placed back to the private sector to solve.
Business private sector is better with finances than government. It is more efficient and cannot survive waste or overspending. Businesses and their management must answer daily, weekly, quarterly for decisions made instead of governments every 2-4 years.
Sometimes rapid movement is needed to solve problems.
Federal and local governments are struggling in this economy and perhaps it is a ripe environment for the private sector to take over areas once left to government.
Arguments aside (and there are many) this is a good opportunity for non government America to do what they do best which is create solutions once left to government.
It’s in the American DNA to create and re-invent. We started with the Revolutionary War by changing battle tactics and the altered gun and continued up to the development of the TCP/IP codes; the birth of the Internet
Let’s see what we can do.
We are the Game Changers.