Expatriates Forums in Armenia

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dutchjobs — Sun Nov 30, 2008 7:32 pm

Author: dutchjobs

Posted: Sun Nov 30, 2008 7:32 pm

Dear reader,

In these times of economic and financial crisis, there are alway great opportunities for making a very good return on investment capital.

Were are looking for serious members to expand our investment community within Eastern Europe and the rest of the world.

Want to know more?

Just send us an email if you would like to have more information or give us a call if you wish to make an appointment.
0032 497 545587

Kind regards,
Bodhi
independent Bridge member

Investment Into An Armenian Wind Farm

Armaec energy — Wed Sep 03, 2008 2:55 pm

Author: Armaec energy

Posted: Wed Sep 03, 2008 2:55 pm

Armaec UK Ltd.

Armaec UK Limited is a developer of renewable energy generation projects, specialising in wind farms in emerging markets across the world. The wind energy sector is experiencing high growth as demand for clean, safe energy is on an increase globally. Increasing demand for energy due to the high growth of economies, supportive regulatory framework and good wind speeds make countries such as Armenia, India and South Africa favourable countries to develop wind farms.

Armaec UK Limited is aiming to develop several wind farms in these countries with a long term strategy to generate a total capacity of 1,500 MW by 2015. Operations within each country will be under the umbrella of a locally incorporated subsidiary of Armaec UK Limited, with each wind farm project being undertaken through an SPV which will be under the control of Armaec UK Limited.

Investors are invited to invest in individual SPVs. It is anticipated that each Armenian wind farm will have an output capacity of 100MW. The directors of each of the SPVs will be the directors of Armaec
UK Limited, enabling those directors close supervision and conduct of the operation of each SPV, while at the same time allowing each project to be developed and operated according to its own merits.

This offer is an invitation to purchase shares in Armaec Wind Farm CJSC, an SPV intending to develop a 100MW wind farm in the Ztaqhunaiz Ridge, near Aparan City in the Republic of Armenia.

The SPV is issuing shares for 40% of the equity for an investment of £350,000 from seed investors.

60% of the project company, will be held by Armaec UK Limited's wholly owned subsidiary in Armenia, Armaec CJSC. Please see group structure on page 9.

At the end of year 1, after the wind resource study is completed, private equity investment will be sought from institutions to start the construction of the wind farm. Armaec CJSC and the seed investors will jointly dilute their shareholdings on subscription by the private equity institution which
will invest 30% of the total project cost. The private equity institution will hold 80% equity in the SPV, post investment1. Armaec CJSC will hold 12% equity and the seed investors between them will hold 8% of the SPV, post investment.

Thus an investor who has purchased shares for £50,000 will hold an equity of 5.71% in the SPV. When the wind resource study is completed and the private equity institution invests 30% of the total project cost (circa £100 million for each 100MW wind farm), the seed investor will hold 1.14% of the enlarged share capital.

Forecast cumulative return on investment for a seed investor from dividend distribution based on certain assumptions of the Directors is expected to be circa 83% for the first 5 years. This is based
on an anticipated dividend distribution policy of 50% of post tax profit and the distribution starting from the fourth year after the commencement of construction of the wind farm.

If you are interested in receiving further documentation about this unique offer, please contact Elom Bell, Business Development Director on +44(0) 1895 234 484 or email- elom @ armaecenergy. com

Thanks

Elom

We are mobile phones wholesalers, we deals on all brands.

mobilebusiness — Tue Jun 19, 2007 9:13 am

Author: mobilebusiness

Posted: Tue Jun 19, 2007 9:13 am

BHIP LIMITED
Registered No. 04834789
Incorporation Date: 16-07-2003
ADDRESS:20 KINGS LYNN ROAD, HUNSTANTON, NORFOLK, PE36 5HP, UNTED KINGDOM.
CONTACT PERSON:JAMES LEE
Contact numbers:
+44 7024072813
+44 70457 00079
Contact email:bhip_ltd@yahoo.co.uk

We are mobile phones wholesalers, we deals on all brands and models of mobile phones such as Nokia, motorola, samsung and many more at very cheap Prices, we have mobile phones accessories such as battery, charger, keypad, housing, datacable, LCD.

We supply many other electronic products, such as portable DVD, car DVD, MP3, MP4, LCD TV, plasma TV, CD ROM, DVD writer, windows XP, office 2004 Software, IP phone, USB phone, bluetooth earphone, bluetooth USB dongle, etc. We are using this medium to look for buyers of mobile phones, we are offering Very low discounts with free shipment for mobile phones and laptops, place your order with your full address, zipcode, and phone contact numbers to Enable issue your proformal invoice and process your shipment.

Any of the items that are not in good condition, it should be returned immediately to us and we will bear the return charges and replacements charges for the item.

We intend to dispatch this products to all part of the world.
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Our mobile Phones condition

Our phones are imported from Finland,Hungary and Singapore; they are factory sealed with original packets with complete accessory, e.g. charger, extra battery and software c d.The phones are simfree and it’s never lock to any network, specification: (europeans/usa-specifications) general network gsm 900/gsm 1800/gsm 1900 platform - tri band (gsm900 + 1800 + 1900 MHz: country of manufactured origin: Finland,Hungary and Singapore.

Condition: brand new wireless standard with 1 year internaitional warranty with original mother board, original English British battery, all software and manual contain Writing English languages and 9 multilingualangues, this is class1 tested and approved by the standard organization.

Features:
1) Brand new gsm phones (this includes accessories--
Manuals-- software and boxes)
2) Unlocked / sim free
3) Brand OEM (original manufacturer) box
4) All phones have English & European languages
asdefault
5) All material (software/ manual)

BRAND NEW NOKIA N95 MOBILE PHONE US$300
BRAND NEW NOKIA N93 MOBILE PHONE US$250
BRAND NEW NOKIA N92MOBILE PHONE US$220
BRAND NEW NOKIA N91 + HANDSFREE NEW, UNLOCKED AU $200
BRAND NEW NOKIA N90 MOBILE PHONE US$180
NOKIA N70 MOBILE PHONE & 64 MB MEMORY CARD 1GB MEMORY CARD US$160
BRAND NEW NOKIA N73 + 128 MB + H/FREE NEW, UNLOCKED US $200
BRAND NEW NOKIA N80 MOBILE PHONE US$175
NEW NOKIA 7370 MOBILE PHONE US$150
BRAND NEW NOKIA 6310i BLUETOOTH NEW UNLOCKED AU $165
Brand New NOKIA 3220 US $102
Brand New NOKIA 6151 1.3MP CAMERA VIDEO 3G MP3 PHONE US $165
BRAND NEW NNOKIA 6230i US $140
BRAND NEW NOKIA 6131 FLIP CAMERA BLUETOOTH MOBILE PHONE US$180
Brand New Nokia 3250 2MP VIDEO MOBILE PHONE WITH MP3 PLAYER US $180
BRAND NEW NOKIA 6085 FLIP MP3 CAM MOBILE PHONE US $150
BRAND NEW NOKIA 5140 US$80.90
BRAND NEW NOKIA 7360 MOBILE IN PINK US $160.00
BRAND NEW NOKIA 5140i CAMERA MOBILE PHONE US $140.00
BRAND NEW NOKIA 7373 BRONZE 2MP VID CAMERA MOBILE PHONE US $200
BRAND NEW NOKIA 7360 PINK LADY MOBILE PHONES US $140
BRAND NEW NOKIA 5500 2MP CAMERA MP3 BLUETOOTH PHONE US$150
BRAND NEW NOKIA 6103 FLIP CAMERA BLUETOOTH PHONE RED US$100
BRAND NEW NOKIA 6233 SILVER MOBILE PHONE US$155
BRAND NEW NOKIA 6111 1.3MP VIDEO CAMERA BT PHONE ~PINK US $120
BRAND NEW 6288 2MP 3G VIDEO CAMERA MOBILE PHONE -BLACK US$180
BRAND NEW 7360 CAMERA MOBILE PHONE US $105
BRAND NEW NOKIA 6103 FLIP CAMERA BLUETOOTH PHONE BLACK US$125
BRAND NEW 5300 1.3MP CAMERA MP3 RADIO BLUETOOTH PHONE US 180
BRAND NEW NOKIA 9500 COMMUNICATOR US$220
BRAND NEW NOKIA 6131 EXCULSIVE GOLD MOBILE CAMERA PHONE US$180
BRAND NEW NOKIA 7360 AMBER AND GOLDMOBILE PHONE US$120

NEW SONY ERICSSON Z550i 1.3MP BLUETOOTH CAMERA PHONE US $100
BRAND NEW SONY ERICSSON W850i Walkman Phone US $255
BRAND NEW SONY ERICSSON P990i + 64MB, NEW, UNLOCKED, US $250
BRAND NEW SONY ERICSSON W810i + 512MB, NEW, UNLOCKED US$205
BRAND NEW SONY ERICSSON W850i + 1GB, NEW, UNLOCKED US $230.00
BRAND NEW SONY ERICSSON Z610i + 64MB, NEW, 2 COLOURS, US $160

MOTOROLA
BRAND NEW MOTOROLA L6 BLACK US$110
BRAND NEW MOTOROLA V3i D&G SEALED US$200
BRAND NEW MOTOROLA V3 BLACK US$140
BRAND NEW MOTOROLAKRZR K1 SLIM US$170
BRAND NEW MOTOROLAV3 RAZR SILVER US $140
BRAND NEW MOTOROLA V3 RAZRPINK US$160
BRAND NEW MOTOROLA RIZR Z3 MOBILE US $200

SAMSUNG
BRAND NEW SAMSUNG X530 US $90
BRAND NEW SAMSUNG D600 camera mobile phone US$150.99
BRAND NEW SAMSUNG D900 3mp Camera 13mm thin Slider US$180
BRAND NEW SAMSUNG E900 2.0mp Camera MP3 Slim phone US $190
BRAND NEW SAMSUNG X680 Mobile- MP3, Video and Bluetooth US $120
BRAND NEW SAMSUNG D520 1.3MP CAMERA BLUETOOTH MP3 PHONE US$130

LG
BRAND NEW LG KG800 + PINK/BLACK/RED, AU $200
BRAND NEW LG KG225 AU $60
BRAND NEW LG KG225 BLACK CAMERA MOBILE PHONE AU $70

BRAND NEW IMATE JASJAM , US $350

Minimum order 20 units assorted.

Games and Tomtom
Tomtom Price list.
TomTom GO 510--------$400usd
TomTom GO 700 Vehicle Navigation System---$450usd
TomTom GO 910------$460usd
TomTom ONE--------$300usd
TomTom RIDER GPS---$650usd.

Games Price list,
Sony Play Station3--------------------$400
Sony PlayStation 2, Compact System-----$150usd
Sony PlayStation Portable Bundle---------$185usd

Nintendo wii----------------------------$300
Nintendo GameCube Black-----------------$80usd
Nintendo GameCube Platinum-------------$85usd
Nintendo DS Electric Blue----------------$110usd

Apple 20 GB iPod photo===$100
Apple 30 GB iPod Photo====$110
Apple 40 GB iPod photo====$120
Apple 60 GB iPod photo====$140

XBOX PRICE LIST
W/XBOX 360 HARD DRIVE,
XBOX 360 WIRELESS CONTROLLER,
XBOX 360 FACEPLATE,
XBOX 360 HEADSETS,
XBOX 360 COMPONENT HD-AV CABLE,
XBOX LIVE SILVER MEMBERSHIP
(#XBOX360PLA)
$200 usd each.

PLASMA TV / LCD

SONY KDE-55XBR950 55 INCH HDTV WEGA PLASMA TV=$800
SONY FWD-42PV1 PLASMA TV - $600
SONY KE-42M1 PLASMA TV $520
SONY PFM-42X1 PLASMA TV- $600
SONY KDE-42XS955 PLASMA TV -$480
SONY FWD-50PX1 PLASMA TV $900
SONY KDE-50XS955 PLASMA TV -$600

SAMSUNG HP-R6372 63-INCH PLASMA TV=$760
SAMSUNG HP-R4252 PLASMA TV - $600
SAMSUNG HP-R5052 PLASMA TV $500
SAMSUNG HP-P5581 PLASMA TV -$650

TOSHIBA 42DPC85 PLASMA TV-$1,000
TOSHIBA 42HPX95 PLASMA TV-$1,280
TOSHIBA 50HP95 PLASMA TV -$1,350
TOSHIBA 50HPX95 PLASMA TV-$1,500

NEC 42XM3 PLASMA TV -$500
NEC 42XR3 PLASMA TV -$650
NEC 50XM4 PLASMA TV -$760
NEC 50XR4 PLASMA TV -$900
NEC 61XM3 PLASMA TV -$780
NEC 61XR3 PLASMA TV -$660
NEC 84VP4 PLASMA TV -$600

PIONEER PDP-424MV PLASMA TV -$450
PIONEER PDP-42A3HD PLASMA TV -$550
PIONEER PDP-434CMX PLASMA TV-$680
PIONEER PDP-43A5HD PLASMA TV-$720
PIONEER PDP-4360HD PLASMA TV -$550
PIONEER PDP-504CMX PLASMA TV-$690
PIONEER PDP-505CMX PLASMA TV -$600
PIONEER PDP-5060HD PLASMA TV-$760

Method transaction:
Place your order with your address/zip code and phonecontacts for the invoice and shipment and
dispatch.

We are waiting for you response.
Regards
James Lee
Sales Manager.

WORK IN ARMENIA / ARMENIA EMPLOYMENT GUIDE

Armenia Info — Mon May 07, 2007 5:25 am

Author: Armenia Info

Posted: Mon May 07, 2007 5:25 am

WORK IN ARMENIA

The chances of finding paid work in Armenia are low although voluntary construction, conservation and environmental job opportunies can be available.

Do check with the nearest Armenian consulate or embassy. Otherwise, go to www.armenianvolunteer.org or www.birthrightarmenia.org to look for volunteer work.

DOING BUSINESS IN ARMENIA / ARMENIA BUSINESS GUIDE

Armenia Info — Mon May 07, 2007 5:13 am

Author: Armenia Info

Posted: Mon May 07, 2007 5:13 am

DOING BUSINESS IN ARMENIA

STARTING A BUSINESS

STANDARDIZED COMPANY
Legal Form: ApS
Minimum Capital Requirement: 50,000
City: Yerevan

Registration Requirements:

Procedure 1. Procure a written statement of deposited charter capital at a bank

Time to complete: 1 day

Cost to complete: no charge

Procedure 2. Procure a Registration Card from the State Registry Office and fill it out

Time to complete: 1 day

Cost to complete: no charge

Procedure 3. Pay the registration fee at any bank

Time to complete: 1 day

Cost to complete: no charge

Procedure 4. Register the name of the company at the State Patent Department

Time to complete: 2 days

Cost to complete: AMD 5,000

Procedure 5. Register with the State Registrar

Time to complete: 7 days

Cost to complete: AMD 12,000

Comment: According to a recent government decision, the state registry has 5 days to either approve or deny registration applications. according to the law on state registry of enterprises, a registration may be refused only if the founding documents of the legal entity are either incomplete or inaccurate. The fee for registration is AMD 12,000 for all types of business entities. For banks, investment funds, and insurance companies, the fee is AMD 40,000.

Procedure 6. Register with tax authorities and obtain a tax id - TIN

Time to complete: 2 days

Cost to complete: no charge

Comment: File the registration certificate from the State Registrar.
Within 30 days of registering with the state registry, all legal entities are required to register with the tax authorities and obtain a tax identification number (TIN). Within two weeks of submitting the application, the local tax inspectorate issues an 8-digit TIN and the entity is considered officially registered with the tax authorities. Social security registration is now also performed by the tax authorities

Procedure 7. Obtain a right at National Police Department to order a seal for all official company transactions

Time to complete: 1 day

Cost to complete: AMD 6,000

Procedure 8. Order a seal

Time to complete: 2 days

Cost to complete: AMD 15,500

Comment: File the TIN certificate from the tax authorities. By government decree, legal persons are required to register and obtain a company seal for all official company transactions. Business entities should apply for the company seal at the Ministry of Internal Affairs. it take from one to 30 days to obtain a company seal. The fee structure varies according to the time taken: the fee obtaining the seal in 24 hours is AMD15,500 and for 30 days the fee is AMD 2,800.

Procedure 9. Register with statistical office

Time to complete: 7 days

Cost to complete: no charge

TAXATION

Armenia's complex tax system was revised in 1997 and again in 2001. The top corporate profit tax rate was lowered from 30% to 20%. As of 1 July 2001 a single rate was applied to all taxable profits, defined as the difference between revenues and the sum of wages, amortization payments, raw and intermediate purchases, social security contributions, insurance fees, and interest expenses. Newly formed enterprises are exempt from taxes for the first two years, but there is no provision for carrying forward losses.

Individual income taxes are withheld by enterprises and are paid to the Ministry of Finance monthly. The personal income tax has been reduced from three bands to two: 10% for monthly taxable income up to AMD 80,000 ($144) and 20% plus a payment of AMD 8,000 ($14.40) for taxable income between AMD 120,000 and AMD 320,000 ($1,892) for monthly taxable income above AMD 80,000. Armenians also pay taxes to social security and pension funds. In 1992, Armenia introduced a value-added tax which stood at 20% in 2003. Excise taxes are applied to diesel fuel, oil, spirits, wine and beer at various rates. There are also land taxes and a property taxes. Achieving a higher level of tax collection has been an important part of Armenia's economic reform programs. The fiscal deficit was projected at 2.4% of GDP for 2003.

Financial Advisors services, Offshore Fund - Know More

admin — Mon Feb 05, 2007 4:42 am

Author: admin

Posted: Mon Feb 05, 2007 4:42 am

Financial Advisors services, Offshore Fund - Know

More

Dear members & guests

Due to the continuous marketing approach

of our expatriate community by multiple financial planners services company, Allo' Expat has decided to

provided you with some usefull imformation on the Expat Offshore Banking issue. Hope you'll invest

wisely..... in the future

Financial Advisors - who are

they?

Q1 - How do I get the best offshore

financial advice?

The best offshore financial advice is probably given by

Independent Financial Advisors. Independent financial advisors (or IFA's, as they are sometimes called)

advise their clients on savings, investments and pensions. They may also provide Savings Plans for

offshore investing to their clients.

When counselling a client, the best offshore financial

advisors should complete the following steps:

* Step 1 - collect detailed information about a

client's financial circumstances and requirements ? be they for retirement planning, retirement income,

expat investment, or another purpose.

* Step 2 - check all the offshore tax havens for the best

offshore plans.

* Step 3 - provide impartial advice as to which plan(s) best meet their

client's needs (in the form of a written report).

* Step 4 - arrange for a client to buy the

chosen offshore plan(s) on the best terms available.

You may want to complete your own research to

ensure you know the right questions to ask your advisor.

When all these stages are completed, you

can be confident you have received the best offshore financial advice.

Q2 - What is a

Certified Financial Advisor?

Financial advisors may need a license to practice,

issued by the Financial Services Regulator in their Country. Only these advisors may be called 'Certified

Financial Advisors'.

It may be a condition that prospective certified financial advisors show

their Regulator that they are:

* competent to advise

* impartial in their

advice

* independent of Providers

* covered by professional indemnity

insurance.

So it is important to check that your financial advisor is listed under:

*

Certified Financial Advisors, licensed to advise in the Country where you live and

*

Independent Financial Advisors - advising on a wide range of offshore plans from a full list of

providers.

Now you should feel confident you are receiving the best offshore financial

advice.

Q3 - How are offshore financial advisors

paid?

Independent financial advisors (IFA's) earn their living from commissions

they receive from plan providers. This is their income for the offshore financial advice they

give.

The commission that advisors (IFAs) receive from offshore financial advice cases may range

from hundreds to thousands of dollars.

Good offshore financial advisors should not be influenced by

the amount of commission they receive.

Some clients prefer to pay fees to their financial advisors

for advice to ensure impartiality. When this occurs offshore financial advisors refund commission received

from a plan provider either in cash or as an increased allocation of contributions

invested.

Q4 -How do I find a list of Independent Financial Advisors

(IFAs)?

Search the web! Try searching using the search words independent financial

advisors or certified financial advisors PLUS the name of the Country in which you live.

Personal

recommendations are always helpful - ask your friends if they would recommend their offshore financial

advisors. Always check that a recommended advisor is both certified and

independent.

Offshore Investing - What do that

mean

Q1 - What is Offshore Investing or

Offshore Investment?

When we talk about Offshore investing plan opportunities it is

like the savings plans available in many countries, except these plans:

* Are registered in tax

havens and are regulated by their Financial Services Authorities.

* Can be used for investing

by non-residents of the tax havens.

* Are sometimes more tax efficient than or have other

advantages over domestic savings plans.

Q2 - Why would expatriates choose offshore

investing?

Expatriate investment in the savings plans catalogued here and offering

offshore investing opprotunities might be appropriate when:

* No local or Home Country tax free

regular savings plans are available.

* No local or Home Country tax free lump sum investment

plans are available.

* An expatriate is planning to retire to a third country.

If you

fit any of these categories of expatriates you should investigate the offshore plans researched by

Offshore Boffin and consult your Financial Advisor.

Q3 - Are there other people who

might benefit from Offshore Invesment?

Yes. People who are not living abroad might

find offshore investment attractive in the following circumstances:

* They have more cash

available for savings than can be invested tax free in their resident countries' investment plans

(perhaps because the amount they can invest each year is capped).

* They may live in countries

which do not have domestic tax free savings plans.

* They live in countries which are not

suitable long-term investment environments for political or economic reasons.

* They wish to

limit the effects of inheritance tac on their estates.

Q4 - Is there safe

offshore investing?

The answer is that All investors should remember that the value

of ALL their investments can go down as well as up!

Safe offshore investing is more likely by

choosing plans:

* From politically stable tax havens - the quality of tax havens varies.

* From well-regulated tax havens - the tax havens whose savings plans are catalogued here all

regulate their financial services companies to avoid 'fly-by-night' companies.

* From

reputable investment management and life assurance companies - whilst past performance is not always a

guide to the future, the companies whose savings plans are listed here are all well-known names.

* Investing in 'mutual' or 'collective' funds. these funds are based on a simple idea. If a large

number of investors pool their savings in - for example - an equity fund, the larger fund can be invested

in shares in many companies, spreading each individual's risk.

For

expat investment - and others - to be successful the best offshore investment opportunities must be found.

For that you'll need a good Financial Advisors.

FX Currency Trading / FX Forex Trading Online - Know More

admin — Mon Feb 05, 2007 4:40 am

Author: admin

Posted: Mon Feb 05, 2007 4:40 am

Forex Trading / FX Trading

Foreign Exchange
This short introduction explains the basics of trading Forex online, a brief explanation of the markets and the major benefits of trading Forex online. There are also two scenarios describing the implications of trading in a bear as well as bull market to better acquaint you with some of the risks and opportunities in the largest and most liquid market in the world.

As an additional aid for those who are new to Forex, there is also a glossary at the bottom of this text which explains some of the terms used in connection with currency trading.

Overview
Foreign exchange , forex or just Forex are all terms used to describe the trading of the world's many currencies. The forex market is the largest market in the world, with trades amounting to more than $1.5 trillion every day. This is more than one hundred times the daily trading on the NYSE (New York Stock Exchange) . Most forex trading is speculative , with only a few percent of market activity representing governments' and companies' fundamental currency conversion needs.

Unlike trading on the stock market, the forex market is not carried out by a central exchange, but on the "interbank" market , which is thought of as an OTC (over the counter ) market. Trading takes place directly between the two counterparts necessary to make a trade, whether over the telephone or on electronic networks all over the world. The main centres for trading are Sydney, Tokyo, London, Frankfurt and New York. This worldwide distribution of trading centres means that the forex market is a 24-hour market.

Trading Forex
A currency trade is the simultaneous buying of one currency and selling of another one. The currency combination used in the trade is called a cross (for example, the Euro/US Dollar, or the GB Pound/Japanese Yen.). The most commonly traded currencies are the so-called "majors" - EURUSD, USDJPY, USDCHF and GBPUSD.

The most important forex market is the spot market as it has the largest volume. The market is called the spot market because trades are settled "immediately" or on the spot. In practice this means within two banking days.

Trading on Margin
Trading on margin means that you can buy and sell assets that represent more value than the capital in your account. Forex trading is usually done with relatively little margin since currency exchange rate fluctuations tend to be less than one or two percent on any given day. To take an example, a margin of 2.0% means you can trade up to $500,000 even though you only have $10,000 in your account. In terms of leverage this corresponds to 50:1, because 50 times $10,000 is $500,000, or put another way, $10,000 is 2.0% of $500.000. Using this much leverage gives you the possibility to make profits very quickly, but there is also a greater risk of incurring large losses and even being completely wiped out. Therefore, it is inadvisable to maximise your leveraging as the risks can be very high. For more information on the trading conditions at Saxo Bank, go to the Account Summary on your Client Station and open the section entitled "Trading Conditions" found in the top right-hand corner of the Account Summary.

Why trade Forex?

24 hour trading
One of the major advantages of trading forex is the opportunity to trade 24 hours a day from Sunday evening (20:00 GMT) to Friday evening (22:00 GMT). This gives you a unique opportunity to react instantly to breaking news that is affecting the markets.
Superior liquidity
The forex market is so liquid that there are always buyers and sellers to trade with. The liquidity of this market, especially that of the major currencies, helps ensure price stability and low spreads . The liquidity comes mainly from large and smaller banks that provide liquidity to investors, companies, institutions and other currency market players.
No commissions
The fact that forex is often traded without commissions makes it very attractive as an investment opportunity for investors who want to deal on a frequent basis. Trading the "majors" is also cheaper than trading other crosss because of the high level of liquidity. For more information on the trading conditions at Saxo Bank, go to the Account Summary on your Client Station and open the section entitled "Trading Conditions" found in the top right-hand corner of the Account Summary.
50:1 Leverage
With a minimum account of USD 10,000, for example, you can trade up to USD 500,000. The USD 10,000 is posted on margin as a guarantee for the future performance of your position.
Profit potential in falling markets
Since the market is constantly moving, there are always trading opportunities, whether a currency is strengthening or weakening in relation to another currency. When you trade currencies, they literally work against each other. If the EURUSD declines, for example, it is because the U.S. dollar gets stronger against the Euro and vice versa. So, if you think the EURUSD will decline (that is, that the Euro will weaken versus the dollar), you would sell EUR now and then later you buy Euro back at a lower price and take your profits. The opposite trading scenario would occur if the EURUSD appreciates .

Important Forex Trading Terms

Spread
The spread is the difference between the price that you can sell currency at ( Bid ) and the price you can buy currency at ( Ask ). The spread on majors is usually 5 pips under normal market conditions. For more information on the trading conditions at Saxo Bank, go to the Account Summary on your Client Station and open the section entitled "Trading Conditions" found in the top right-hand corner of the Account Summary.
Pips
A pip is the smallest unit by which a cross price quote changes. When trading forex you will often hear that there is a 5-pip spread when you trade the majors. This spread is revealed when you compare the bid and the ask price, for example EURUSD is quoted at a bid price of 0.9875 and an ask price of 0.9880. The difference is USD 0.0005, which is equal to 5 "pips". On a contract or position, the value of a pip can easily be calculated. You know that the EURUSD is quoted with four decimals, so all you have to do is the cancel-out the four zeros on the amount you trade and you will have one pip. Thus, on a EURUSD 100,000 contract, one pip is USD 10. On a USDJPY 100,000 contract, one pip is equal to 1000 yen, because USDJPY is quoted with only two decimals.

Trading Scenario - Trading Rising Prices
If you believe that the Euro will strengthen against the dollar you'll want to buy Euro now and sell it back later at a higher price.

You buy Euro	We quote EURUSD at Bid 0.9875 and Ask 0.9880, which means that you can sell 1 Euro for 0.9875 USD or buy 1 Euro for 0.9880 USD. In this example you buy Euro 100,000, at the quote price of 0.9880 (ask price) per Euro.
The market turns	Later the market turns in favour of the Euro and the EURUSD is now quoted at Bid 0.9894 and Ask 0.9899.
Now you want to sell your Euro and get the profit	You sell Euro at a Bid price of 0.9894.
The profit is calculated as follows:	Sell price-buy price x size of trade (0.9894 minus 0.9880) multiplied by 100.000 = $140 Profit (Note that the profit or loss is always expressed in the secondary currency )

Trading Scenario - Trading Falling Prices
If, on the other hand, you believe that the Euro will weaken against the dollar, you'll want to sell EURUSD.

You sell Euro	We quote EURUSD at a Bid price of 0.9875 and Ask price of 0.9880 and you decide to sellEuro 100,000 at a Bid price of 0.9875.
The market moves in your favour	The Euro weakens against the dollar and the EURUSD is now quoted at bid 0.9744 and ask 0.9749.
Now you buy back your Euro	You buy EUR at an ask price of 0.9749.
Your Profit/loss is then	Sell price-buy price x size of trade (0.9875 minus 0.9749) multiplied by 100.000 = $ 1260 Profit

Remember that trading EUR 100,000 as we have done in our examples, does not mean that you have to put up Euro 100,000 yourself. It means that you have to deposit 2.0% of Euro 100,000, which is Euro 2,000 on margin as a guarantee for the future performance of your position.

Further Reading
To see how you can trade the forex market and benefit from our toolbox of information and live quotes, please proceed to our Forex Quick Start found under the Trading menu on the toolbar, under Forex.

Glossary

Appreciation	Anincrease in the value of a currency.
Ask	Theprice at which you can buy. Traders also speak of an ask price,the price requested. This usually indicates the lowest price aseller will accept.
Basecurrency	Thecurrency that the investor buys or sells (i.e. EUR in EURUSD).
Bear	Someonewho believes prices are heading down. A bear market is one inwhich there is a sustained fall in prices and which does not looklike it will recover quickly.
Bid	Theprice at which you can sell. Traders also speak of a bid price,the price offered. This usually indicates the top price apurchaser will pay.
Bid/Ask	TheBid rate is the rate at which you sell. The Ask (or offer) rate isthe rate at which you can buy.
Bull	Someonewho is optimistic about the market. A bull market is characterisedby enthusiastic and sustained buying.
cross	Whentrading currencies, the investor buys one currency againstanother. These two currencies form the cross: for example, EURUSD.
Crossrate	Anexchange rate that is calculated from two other exchange rates.
Depreciation/decline	Afall in the value of a currency.
Exchangerate	Whatone currency is worth in terms of another, for example the $Amight be worth 58 US cents or 70 yen. Currencies traded freely onforeign-exchange markets have a spot rate (applying to tradessettled 'spot', ie, two working days hence) and a forward rate.Countries can determine their exchange rates in a variety of ways:a floating exchange rate system where the currency finds its ownlevel in the market; a crawling or flexible peg system which is acombination of an officially fixed rate and frequent smalladjustments which in theory work against a build-up of speculationabout a revaluation or devaluation; a fixed exchange-rate systemwhere the value of the currency is set by the government and/orthe central bank.
EURUSD	Meansthat you trade EUR against dollars. If you buy Euro you pay indollars and if you sell Euro you receive dollars.
FX,Forex, Foreign Exchange	Allnames for the transaction of one currency for another, e.g. youbuy �100.00 with $150.25 or sell $150.25 for �100.00.
Interbank	Short-term(often overnight) borrowing and lending between banks, as distinctfrom banks' business with their corporate clients or otherfinancial institutions.
Interestrate differential	Theyield spread between two otherwise comparable debt instrumentsdenominated in different currencies.
Leverage(gearing)	Inthis case leverage means that the investor only funds part of theamount traded.
Long	Tobuy.
Longposition	Aposition that increases its value if market prices increase.
Liquid(-ity)	Thecapacity to be converted easily and with minimum loss into cash.Ultra-short-dated treasury notes are an example of a liquidinvestment. A liquid market is one in which there is enoughactivity to satisfy both buyers and sellers.
Margin	Theinitial amount or deposit required when entering into a position.Margin is a guarantee for future performance.
NYSE	Acomputerised system providing brokers with the prices of sharesand securities traded on the New York stock exchange and over thecounter. The quotes are published in real-time.
Openposition	Aposition in a currency that has not yet been offset. For example,if you have bought 100,000 USDJPY, you have an open position inUSDJPY until you offset it by selling 100,000 USDJPY.
"Overthe counter"	Whentrading takes place directly between two parties, rather than onan exchange.
Pips	Apip is the smallest unit by which a cross price quote changes. Soif EURUSD bid is now quoted at 0.9767 and it moves up 2 pips, itwill now be quoted at 0.9769.
Position	Money-market,futures, foreign-exchange and sharemarket traders talk of 'takinga position' which simply means buying or selling one currencycross. 'Position' can also refer to a trader'scash/securities/currencies balance, whether he or she is short ofcash, has money to lend, is overbought or oversold in a currency,etc.
Risk	Tryingto control outcomes to a known or predictable range of gains orlosses. Risk management involves a set of steps which begin with asound understanding of one's business and the exposures or risksthat have to be covered to protect the value of that business.Then an assessment should be made of the types of variables thatcan affect the business and how best to protect against unwelcomeoutcomes. Consideration must also be given to the preferred riskprofile - whether one is risk- averse or fairly aggressive inapproach. This also involves deciding which instruments to use tomanage risk, and whether a natural hedge exists that can be used.Once undertaken, a risk-management strategy should be continuallyassessed for effectiveness and cost.
Secondarycurrency (variable currency or counter currency)	Thecurrency that the investor trades the base currency against (i.e.USD in EURUSD).
Shortposition	Aposition that benefits from a decline in market prices.
Short	Tosell.
Speculative	Buyingand selling in the hope of making a profit, rather than doing sofor some fundamental business-related need.
Spot	ASpot rate is the current market price of an asset.
Spotmarket	Thepart of the market calling for spot settlement of transactions.The precise meaning of 'spot' will depend on local custom for acommodity, security or currency. In the UK, US and Australianforeign-exchange markets, 'spot' means delivery two working dayshence.
Spread	Thedifference between the bid and the ask rate.

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