Main Stages of Recent Foreign Exchange Development.

The main phases of the further development of the Forex in modern times were:

• signing of the Bretton Woods Accord;

• constitution of the international monetary fund (IMF);

• emergency of the free-floating foreign exchange markets;

• creation of currency reserves;

• constitution of the European Monetary Union and the European

• Monetary Cooperation Fund;

• Introduction of the Euro as a currency.

The Bretton Woods Accord was signed in July 1944 by the United States, Great Britain, and France which agreed to make the currency market stable, particularly due to governmental controls on currency values. In order to implement it, two major goals were: emphasized: to provide the pegging (backing of prices) of currencies and to organize the International Monetary Fund (IMF).

In accordance to the Bretton Woods Accord, the major trading currencies were pegged to the U.S. dollar in the sense that they were allowed to fluctuate only one percent on either side of that rate. When a currency exceeded this range, marked by intervention points, the central bank in charge had to buy it or sell it, and thus bring it back into range. In turn, the U.S. dollar was pegged to gold at $35 per ounce. Thus, the U.S. dollar became the world's reserve currency. The purpose of IMF is to consult with one another to maintain a stable system of buying and selling the currencies, so that payments in foreign money can take place between countries smoothly and timely.

The IMF lends money to members who have trouble meeting financial obligations to other members, on the condition that they undertake economic reforms to eliminate these difficulties for their own good and the good of the entire membership. In total the main tasks of the IMF are:

• to promote international cooperation by providing the means for members to consult and collaborate on international monetary issues;

• to facilitate the growth of international trade and thus contribute to high levels of employment and real income among member nations;

• to promote stability of exchange rates and orderly exchange agreements, and [to] discourage competitive currency depreciation;

• to foster a multilateral system of international payments, and to seek the elimination of exchange restrictions that hinder the growth of world trade;

• to make financial resources available to members, on a temporary basis and with adequate safeguards, to permit them to correct payments imbalances without resorting to measures destructive to national and international prosperity.

To execute these goals the IMF uses such instruments as Reserve tranche which allows a member to draw on its own reserve asset quota at the time of payment, Credit tranche drawings and stand-by arrangements are the standard form of IMF loans, the compensatory financing facility extends financial help to countries with temporary problems generated by reductions in export revenues.

Currently we offer the following two types of account.

fx4u-cent
We are sure that fx4u-cent will attract both newcomers and experienced traders. On a fx4u-cent (forex cent account) account you can learn trading with minimum risk because you will be using US/Euro cents as the currency of your deposit.
For example, you might be ready to open an account with $ 2,000 but you feel that your level of knowledge and experience is not enough yet. So you open a Forex account for 2,000 cents instead!
Why a fx4u-cent account? We think that the main problem that traders encounter on the Forex market is not defining the rules of entering the market but management of risks and psychological factors. An account denominated in cents helps to manage these issues: trading on fx4u-cent allows you to get used to such big numbers as +1,000 and -700. The digits are just the same but the real financial risk is limited to $20.
There are no minimum investment requirements. Minimum lot is 0.0001, minimum step is 0.0001. 2.5% of AER is obtained on this type of account by the last day of every month on all free assets. This type of account is recommended for newcomers or traders exercising new strategies.
fx4u-classic
Deposit currency is US dollar or Euro.
There are no minimum investment requirements.
Minimum lot is 00.1, minimum step is 0.01.
4% of AER is obtained on this type of account by the last day of every month on all free assets. This type of account is recommended for experienced traders.

fx4u-cent
We are sure that fx4u-cent will attract both newcomers and experienced traders. On a fx4u-cent (forex cent account) account you can learn trading with minimum risk because you will be using US/Euro cents as the currency of your deposit.
For example, you might be ready to open an account with $ 2,000 but you feel that your level of knowledge and experience is not enough yet. So you open a Forex account for 2,000 cents instead!
Why a fx4u-cent account? We think that the main problem that traders encounter on the Forex market is not defining the rules of entering the market but management of risks and psychological factors. An account denominated in cents helps to manage these issues: trading on fx4u-cent allows you to get used to such big numbers as +1,000 and -700. The digits are just the same but the real financial risk is limited to $20.
There are no minimum investment requirements. Minimum lot is 0.0001, minimum step is 0.0001. 2.5% of AER is obtained on this type of account by the last day of every month on all free assets. This type of account is recommended for newcomers or traders exercising new strategies.
fx4u-classic
Deposit currency is US dollar or Euro.
There are no minimum investment requirements.
Minimum lot is 00.1, minimum step is 0.01.
4% of AER is obtained on this type of account by the last day of every month on all free assets. This type of account is recommended for experienced traders.

Open a demo account ?

To master the trading foreign exchange it is necessary to understand the basics of operating in Forex; to learn how to create orders, close settled positions, test advisers, etc.
This can be done in the demo-mode on a demo(training) account that has the same functions as a real account but does not require real money.
Forex Training is also necessary for understanding the technical functions of a trade terminal. One disadvantage of a demo (training) account is that the client cannot fully appreciate the effectiveness of his financial operations because of the feeling of unreality of the money he or she operates with.
We are sure that in order to learn not to enter the market without signals of changes, and to close profits and losses on time the client has to experience real conditions because success on the demo(training) account does not guarantee the same results on the real account.
Working with a real account, as opposed to a virtual one, the client is often influenced by the psychological aspect of trading. We think that it is easier to manage emotions in the initial stage. Thus we offer to learn by dealing with small sums of money at minimal risk.
You can also learn how to trade using a real account with real money by opening a fx4u-cent account. When you feel confident about your trading skills, you can switch to a fx4u-classic account.
The number of a demo (training) account consists of 9 digits.
It is very easy to open a demo (training) account:

Open a demo account ?

To master the trading foreign exchange it is necessary to understand the basics of operating in Forex; to learn how to create orders, close settled positions, test advisers, etc.
This can be done in the demo-mode on a demo(training) account that has the same functions as a real account but does not require real money.
Forex Training is also necessary for understanding the technical functions of a trade terminal. One disadvantage of a demo (training) account is that the client cannot fully appreciate the effectiveness of his financial operations because of the feeling of unreality of the money he or she operates with.
We are sure that in order to learn not to enter the market without signals of changes, and to close profits and losses on time the client has to experience real conditions because success on the demo(training) account does not guarantee the same results on the real account.
Working with a real account, as opposed to a virtual one, the client is often influenced by the psychological aspect of trading. We think that it is easier to manage emotions in the initial stage. Thus we offer to learn by dealing with small sums of money at minimal risk.
You can also learn how to trade using a real account with real money by opening a fx4u-cent account. When you feel confident about your trading skills, you can switch to a fx4u-classic account.
The number of a demo (training) account consists of 9 digits.
It is very easy to open a demo (training) account:

what segment of bullish in forex?

The apprehensions that the retracement range may widen by means of uplift of the resistance till 1.5700/20 were grounded. The price broke through the resistance at 1.5640/50 and set a new local maximum at 1.5745/30. The “bullish” mood at the indicators speaks well for the high probability of the growth continuation, probably till 1.5800. That exactly seemed to be less probable in the recent past. Nevertheless, all observed efforts of the “bulls” to intercept the power at the market should be considered as the retracement’s lasting within the frames of the descendant trend. The breakage through 1.5800/10 i.e., the trend line of the descendant channel (the green lines) cause some doubts to the relevance of above mentioned presuppositions and afford grounds for the suggestions of the trend’s alternation. Nevertheless, the final decline of the “bearish” prolongations will become the trading increase higher than 1.5860/70. Until this event takes its place the previous predictions are still in force i.e., the descendant trend is predominant, after 1.5500 the supports reside at 1.5430/50 and further at 1.5360/50 as well.

Foreign Exchange in a Historical Perspective

Currency trading has a long history and can be traced back to the ancient Middle East and Middle Ages when foreign exchange started to take shape after the international merchant bankers devised bills of exchange, which were transferable third-party payments that allowed flexibility and growth in foreign exchange dealings.

The modern foreign exchange market characterized by the consequent periods of increased volatility and relative stability formed itself in the twentieth century. By the mid-1930s London became to be the leading center for foreign exchange and the British pound served as the currency to trade and to keep as a reserve currency. Because in the old times foreign exchange was traded on the telex machines, or cable, the pound has generally the nickname “cable”. In 1930, the Bank for International Settlements was established in Basel, Switzerland, to oversee the financial efforts of the newly independent countries, emerged after the World War I, and to provide monetary relief to countries experiencing temporary balance of payments difficulties. After the World War II, where the British economy was destroyed.

Foreign Exchange as a Financial Market?

Currency exchange is very attractive for both the corporate and individual traders who make money on the Forex - a special financial market assigned for the foreign exchange. The following features make this market different in compare to all other sectors of the world financial system:

· heightened sensibility to a large and continuously changing number of factors;

· accessibility to all traders in the major currencies;

· guaranteed quantity and liquidity of the major currencies;

· increased consideration for several currencies, round-the clock business hours which enable traders to deal after normal hours or during national holidays in their country finding markets abroad open and

· Extremely high efficiency relative to other financial markets.

This goal of this manual is to introduce beginning traders to all the essential aspects of foreign exchange in a practical manner and to be a source of best answers on the typical questions as why are currencies being traded, who are the traders, what currencies do they trade, what makes rates move, what instruments are used for the trade, how a currency behavior can be forecasted and where the pertinent information may be obtained from. Mastering the content of an appropriate section the user will be able to make his/her own decisions, test them, and ultimately use recommended tools and approaches for his/her own benefit.

What is Libraries and Metadata?SharePoint Site Security.

A library is a feature in SharePoint that stores files (documents). Think of a library as a folder on your file system. For example, a library can be created to store resumes in the human resources team site. A library is usually created for a specific type of file. Libraries can contain metadata to describe the particular file in more detail and to make it easier to find.

Metadata are fields or columns you can add to a library that are attached to every file stored in it. For example, you may want to add a city metadata field to the resumes library. Everytime a new resume is uploaded to the library a city can be associated with the file. This would make it easier to search for resumes from a particular city.

Users and groups (domain or SharePoint) can be assigned permissions to a site.

The "Site Permissions" link is where you go to view and manage permissions for the site. If you simply want to add a user to a group that you know has access to the site you can click on the group link in the "Groups" section in the left-hand navigation. If you don't see the group just click the "Groups" link in the left-hand navigation and a list of groups will appear to the right.

What is SharePoint?

Sharepoint at its core is a portal that offers features for people to share data, information and knowledge. It can be and important tool in your knowledge management strategy.

The basic portal and sharing features are provided by SharePoint Services which is offered for free by Microsoft.

Microsoft Office SharePoint Server (MOSS) is an extended version of SharePoint the provides more enterprise features which Microsoft licenses.

Some of the extended features include:

• Search
• Web Content Management
• Social Networking
• My Sites
• Electronic Forms
• Business Intelligence

Weak global cues hurt India.

Persistent selling activity across index heavyweights led the indices to languish deep in the red and close well below the dotted line in today's trade. While the BSE Sensex closed lower by around 451 points (down 3%), the NSE Nifty lost around 127 points (down 3%). Midcap and small cap stocks were also at the receiving end, notching losses of 3% each. Losses were largely seen in metals, banking and oil & gas stocks.

As regards global markets, most Asian indices closed weak today while European indices have also opened in the red. The rupee was trading at Rs 46.66 to the dollar at the time of writing.

Most pharma stocks closed weak today with leading the pack of losers. Ranbaxy closed lower by 5% today. This was seemingly on back of the news that the company has failed to address its.

The US regulator has asked the company to immediately assess the manufacturing practices at its plants that make drugs for the American market. It must be noted that Ranbaxy was already in trouble when two of its manufacturing plants at Poanta Sahib and Dewas were found to be violating the good manufacturing practices standards of the US FDA in 2008. As if that was not enough, Ranbaxy received another setback when the US FDA issued a warning letter for its manufacturing facility Ohm Laboratories in the US in December 2009. Ohm has meanwhile hired the services of PRTM, a global consulting firm, to provide expertise and advice on issues raised by the FDA. US accounted for around 25% of Ranbaxy's sales in 2008 and is an important market for the company. However, sales from this market have substantially fallen of late due to its impending issues with the US FDA which have been going on for some time now. Unless the company quickly finds some way to resolve these issues, performance of the US business will continue to remain under pressure.

RBI presses the exit button

Chinese counterpart made the move a couple of days ago. The RBI could not afford to be left behind. It too made up its mind on hitting the gear for sucking up liquidity. The Indian central bank released its third quarter review of Monetary Policy today. Not willing to let loose the inflationary spiral, it has come down strictly.

The instrument used has been the CRR or the cash reserve ratio. This ratio, at which banks maintain cash with RBI (as a percentage of their deposits), has been hiked by 0.75%. It is meant to suck out liquidity to the tune of Rs 360 bn. The hike will, in two stages, bring the CRR from 5% currently to 5.75% by the end of February 2010.

This watershed event marks the bottoming out of the easy liquidity scenario which unfolded since late 2008. As the RBI in its own confession remarks about the divergence in inflation number at the wholesale (WPI) and consumers’ level (CPI), such a move is well understood. The widely circulated WPI number has been giving a benign impression of the trend in price rises. The rise at the consumer’s level has, however, been relatively steeper. Thereby causing change in consumption patterns.