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  <title>Expatriate Forums in Burkina Faso</title>
  <link>http://www.alloexpat.com/burkina_faso_expat_forum/index.php</link>
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  <pubDate>Tue Nov 24, 2009 6:03 pm</pubDate>
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    <title>Expatriate Forums in Burkina Faso</title>
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    <link>http://www.alloexpat.com/burkina_faso_expat_forum/</link>
    <description>The Burkina Faso Expats Online Community Resources &amp; Forums</description>
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                                      <item>
                                        <title>Business Opportunities in Africa</title>
                                        <link>http://www.alloexpat.com/burkina_faso_expat_forum/viewtopic.php?p=3496#3496</link>
                                        <description>&lt;br /&gt;
                                      Author: &lt;a href='http://www.alloexpat.com/burkina_faso_expat_forum/profile.php?mode=viewprofile&amp;u=90567'&gt;andreina&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;
                                      Posted: Mon Aug 10, 2009 6:30 am&lt;br /&gt;&lt;br /&gt;
                                      &lt;br /&gt;&lt;br /&gt;
                                      &lt;a href=&quot;http://www.fundook.com/&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Free online classified&lt;/a&gt; advertising gives a list of free internet classified ads among the Middle East and Northern Africa. &lt;a href=&quot;http://www.fundook.com/&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Fundook&lt;/a&gt; helps in making your lives in big cities and towns more easy and enjoyable.&lt;br /&gt;
Visit : &lt;a href=&quot;http://www.algiers.fundook.com/&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;http://www.algiers.fundook.com/&lt;/a&gt;&lt;br /&gt;
Visit : &lt;a href=&quot;http://www.oran.fundook.com/&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;http://www.oran.fundook.com/&lt;/a&gt;</description>
                                        <comments>http://www.alloexpat.com/burkina_faso_expat_forum/viewtopic.php?p=3496#3496</comments>
                                        <author>andreina</author>
                                        <pubDate>Mon Aug 10, 2009 6:30 am</pubDate>
                                        <guid isPermaLink="true">http://www.alloexpat.com/burkina_faso_expat_forum/viewtopic.php?p=3496#3496</guid>
                                      </item>
                                      <item>
                                        <title>Livestock - Live Sheep, lamb and goat from Spain</title>
                                        <link>http://www.alloexpat.com/burkina_faso_expat_forum/viewtopic.php?p=2631#2631</link>
                                        <description>&lt;br /&gt;
                                      Author: &lt;a href='http://www.alloexpat.com/burkina_faso_expat_forum/profile.php?mode=viewprofile&amp;u=73029'&gt;natachasamami&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;
                                      Posted: Sun Sep 14, 2008 8:00 pm&lt;br /&gt;&lt;br /&gt;
                                      &lt;br /&gt;&lt;br /&gt;
                                      Dear Sir &lt;br /&gt;
&lt;br /&gt;
The live sheep that we offer is named Sheep Manchega, is a high quality sheep, with a very good quality of meat. &lt;br /&gt;
&lt;br /&gt;
We have for meat proporse (old sheep) and for breeding proporse (young sheep). &lt;br /&gt;
&lt;br /&gt;
The price is to be negociated. &lt;br /&gt;
&lt;br /&gt;
We can also offer other brands of sheeps, much more econmical. If you wish, you tell me your price idea and we can inform you about the animal that we can offer at your reference price. &lt;br /&gt;
&lt;br /&gt;
Please visit our site to see some photos of our sheeps, and also other cattle and products that we can offer. The site is: ( you should look in Stock) &lt;br /&gt;
&lt;br /&gt;
Thank you very much for your attention &lt;br /&gt;
Best regards &lt;br /&gt;
Natacha Guimaraes &lt;br /&gt;
Product Manager &lt;br /&gt;
Skype: natacha116 (Portugal, Lisbon)</description>
                                        <comments>http://www.alloexpat.com/burkina_faso_expat_forum/viewtopic.php?p=2631#2631</comments>
                                        <author>natachasamami</author>
                                        <pubDate>Sun Sep 14, 2008 8:00 pm</pubDate>
                                        <guid isPermaLink="true">http://www.alloexpat.com/burkina_faso_expat_forum/viewtopic.php?p=2631#2631</guid>
                                      </item>
                                      <item>
                                        <title>Spanish Jeans STOCK LIQUIDATION</title>
                                        <link>http://www.alloexpat.com/burkina_faso_expat_forum/viewtopic.php?p=2630#2630</link>
                                        <description>&lt;br /&gt;
                                      Author: &lt;a href='http://www.alloexpat.com/burkina_faso_expat_forum/profile.php?mode=viewprofile&amp;u=73029'&gt;natachasamami&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;
                                      Posted: Sun Sep 14, 2008 8:00 pm&lt;br /&gt;&lt;br /&gt;
                                      &lt;br /&gt;&lt;br /&gt;
                                      Dear Sir &lt;br /&gt;
&lt;br /&gt;
JUVANA / JVN Lda group is established in 4 countries: Angola, Mauritania, Portugal and Poland. &lt;br /&gt;
&lt;br /&gt;
Our business covers a wide range of activities, included: General Trading. &lt;br /&gt;
&lt;br /&gt;
At this moment we are in Stock Liquidation of a High Cuality spanish &lt;br /&gt;
jeans, with ISO certificate, brand Cowest. Each pieces FOR ONLY 2,5 &lt;br /&gt;
Euros EX-Spain. &lt;br /&gt;
&lt;br /&gt;
They are differents sizes, colours, types... You can get more information about us and about this jeans in our website : (look in Stock). &lt;br /&gt;
&lt;br /&gt;
The offer is only valid up to the end of the stock. They are 5200 pieces in the stock, and came in boxes of 20units (that make a total &lt;br /&gt;
of 260boxes). &lt;br /&gt;
&lt;br /&gt;
In our website you can see photos of some models of this season. The &lt;br /&gt;
liquidation is for the seasons before, but the design is in the same line. &lt;br /&gt;
&lt;br /&gt;
We can offer as well party and wedding dresses, and soon we will &lt;br /&gt;
expose in our website other articles that are available. &lt;br /&gt;
&lt;br /&gt;
Thank you for your attention. &lt;br /&gt;
Best regards &lt;br /&gt;
Natacha Guimaraes &lt;br /&gt;
Product Manager &lt;br /&gt;
Skype: natacha116 (Portugal, Lisboa)</description>
                                        <comments>http://www.alloexpat.com/burkina_faso_expat_forum/viewtopic.php?p=2630#2630</comments>
                                        <author>natachasamami</author>
                                        <pubDate>Sun Sep 14, 2008 8:00 pm</pubDate>
                                        <guid isPermaLink="true">http://www.alloexpat.com/burkina_faso_expat_forum/viewtopic.php?p=2630#2630</guid>
                                      </item>
                                      <item>
                                        <title>Introducing Angola Trading Company</title>
                                        <link>http://www.alloexpat.com/burkina_faso_expat_forum/viewtopic.php?p=2629#2629</link>
                                        <description>&lt;br /&gt;
                                      Author: &lt;a href='http://www.alloexpat.com/burkina_faso_expat_forum/profile.php?mode=viewprofile&amp;u=73029'&gt;natachasamami&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;
                                      Posted: Sun Sep 14, 2008 7:59 pm&lt;br /&gt;&lt;br /&gt;
                                      &lt;br /&gt;&lt;br /&gt;
                                      Dear Sirs &lt;br /&gt;
&lt;br /&gt;
JUVANA / JVN Lda group is established in 4 countries: Angola, Mauritania, Portugal and Poland. &lt;br /&gt;
&lt;br /&gt;
Our business covers a wide range of activities, included: &lt;br /&gt;
- airline transport, &lt;br /&gt;
- trucks/cars, &lt;br /&gt;
- medical equipment (injector machine and cartridges for manufacture &lt;br /&gt;
flexible dental prosthesis, hospital clothes…) &lt;br /&gt;
- appareal &amp;amp; fashion: Spanish jeans fashion with high quality (STOCK &lt;br /&gt;
LIQUIDATION –all for 2,5 EUROS!!!!!), party dresses… &lt;br /&gt;
- fresh and frozen vegetables, &lt;br /&gt;
- feeding, &lt;br /&gt;
- drinks, &lt;br /&gt;
- brand products (Cocacola, Pringles, Toblerone , Redbull, Fructis Shampoo, corona beer…) &lt;br /&gt;
- office equipment, &lt;br /&gt;
- construction equipment, &lt;br /&gt;
- agriculture equipment (coffee and cocoa beans, vegetables, fruits…) &lt;br /&gt;
- breeding cattle / Livestock ( sheep, lamb, goat from Spain…), &lt;br /&gt;
- rubber, &lt;br /&gt;
- oil, &lt;br /&gt;
- electronic products, &lt;br /&gt;
- industrial valves ( gate valves, ball valves….) &lt;br /&gt;
- granite, &lt;br /&gt;
- Meat Halal (beef, lamb, chicken, buffalo…) &amp;amp; NO-Halal, &lt;br /&gt;
- ...and much more. &lt;br /&gt;
&lt;br /&gt;
We are offering our services. In our site you will be able to find more &lt;br /&gt;
information about our products, addresses, telephone number, faxes…. &lt;br /&gt;
&lt;br /&gt;
Looking forward to hear from you soon please accept our best regards &lt;br /&gt;
Natacha Guimaraes &lt;br /&gt;
Product Manager &lt;br /&gt;
Skype : natacha116 (Portugal, Lisbon)</description>
                                        <comments>http://www.alloexpat.com/burkina_faso_expat_forum/viewtopic.php?p=2629#2629</comments>
                                        <author>natachasamami</author>
                                        <pubDate>Sun Sep 14, 2008 7:59 pm</pubDate>
                                        <guid isPermaLink="true">http://www.alloexpat.com/burkina_faso_expat_forum/viewtopic.php?p=2629#2629</guid>
                                      </item>
                                      <item>
                                        <title>EMPLOYMENT IN BURKINA FASO / BURKINA FASO EMPLOYMENT GUIDE</title>
                                        <link>http://www.alloexpat.com/burkina_faso_expat_forum/viewtopic.php?p=1132#1132</link>
                                        <description>&lt;br /&gt;
                                      Author: &lt;a href='http://www.alloexpat.com/burkina_faso_expat_forum/profile.php?mode=viewprofile&amp;u=29072'&gt;sofia&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;
                                      Posted: Sun Aug 19, 2007 11:49 pm&lt;br /&gt;&lt;br /&gt;
                                      &lt;br /&gt;&lt;br /&gt;
                                      Hi,&lt;br /&gt;
&lt;br /&gt;
I was wondering if someone could give me some information about finding work in Burkina Faso. I have a Masters of International Health and am very interested in Burkins Faso as a place to live, but am unsure how to start looking for work there. &lt;br /&gt;
&lt;br /&gt;
If you know of a good place to start, I would very much appreciate your help.&lt;br /&gt;
&lt;br /&gt;
Thank you,&lt;br /&gt;
&lt;br /&gt;
Sofia</description>
                                        <comments>http://www.alloexpat.com/burkina_faso_expat_forum/viewtopic.php?p=1132#1132</comments>
                                        <author>sofia</author>
                                        <pubDate>Sun Aug 19, 2007 11:49 pm</pubDate>
                                        <guid isPermaLink="true">http://www.alloexpat.com/burkina_faso_expat_forum/viewtopic.php?p=1132#1132</guid>
                                      </item>
                                      <item>
                                        <title>DOING BUSINESS IN BURKINA FASO / BURKINA FASO BUSINESS GUIDE</title>
                                        <link>http://www.alloexpat.com/burkina_faso_expat_forum/viewtopic.php?p=511#511</link>
                                        <description>&lt;br /&gt;
                                      Author: &lt;a href='http://www.alloexpat.com/burkina_faso_expat_forum/profile.php?mode=viewprofile&amp;u=19011'&gt;Burkina Faso Info&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;
                                      Posted: Mon Feb 26, 2007 9:54 am&lt;br /&gt;&lt;br /&gt;
                                      &lt;br /&gt;&lt;br /&gt;
                                      &lt;span style=&quot;font-size: 18px; line-height: normal&quot;&gt;&lt;span style=&quot;font-weight: bold&quot;&gt;DOING BUSINESS IN BURKINA FASO&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;STARTING A BUSINESS&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
STANDARDIZED COMPANY&lt;br /&gt;
Legal Form: Société à Responsabilité Limitée (SARL) - Limited Liability Company&lt;br /&gt;
Minimum Capital Requirement: 1,000,000&lt;br /&gt;
City: Ouagadougou&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Registration Requirements:&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Procedure 1.	Deposit subscribed capital in a bank&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
Time to complete:	1 day&lt;br /&gt;
&lt;br /&gt;
Cost to complete:	no charge&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Procedure 2.	Request criminal clearance record of manager&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
Time to complete:	4 days&lt;br /&gt;
&lt;br /&gt;
Cost to complete:	FCFA 325 (125 + 200 stamps)&lt;br /&gt;
&lt;br /&gt;
Comment:	Two extracts of record are required for each manager&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Procedure 3.	Register Articles and Minutes of Founding meeting with the Direction General des Impots&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
Time to complete:	7 days&lt;br /&gt;
&lt;br /&gt;
Cost to complete:	see comments&lt;br /&gt;
&lt;br /&gt;
Comment:	6 copies of Articles and Minutes are required; each page needs a stamp. The cost amounts to CFA F 400 per page stamp, assuming 10 pages for Articles and 5 pages for Minutes. In addition, there is a capital tax of 3% of capital in kind or in money, and 6% of capital in immovable property (FCFA 4311). Lastly, a fixed fee of FCFA 6,000 has to be paid.&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Procedure 4.	Have a Notary notarize the declaration of capital subscription and deposit the two acts with the notary office&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
Time to complete:	3 days&lt;br /&gt;
&lt;br /&gt;
Cost to complete:	3% of capital + FCFA 6 000 (fixed fee) + FCFA 5 000 + FCFA 4 000 (recording service by tax authority); FCFA 2000 (stamps)&lt;br /&gt;
&lt;br /&gt;
Comment:	Proof of deposit of capital is needed.&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Procedure 5.	Register at CEOFRE (Centre des Formalités de Entreprise) for company registration, tax number (IFU), labor and social security)&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
Time to complete:	12 days&lt;br /&gt;
&lt;br /&gt;
Cost to complete:	FCFA 20000&lt;br /&gt;
&lt;br /&gt;
Comment:	In addition, obligatory tax inspections were abolished.&lt;br /&gt;
By decree n° 2005-332/PRES/PM/MCPEA/MFB/MTEJ of 21 June 2005, a new Centre for Business Formalities (CEFOR) was created and became operational in Ouagadougou. A single application form has to be submitted to complete company registration (with RCCM), obtain the fiscal I.D. (IFU at the Direction Générale des Impots), the professional license (Carte Professionnelle de Commerçant at the Ministry of Commerce) and register for social security (CNSS). Upon submitting the form, CEFOR organises the registration with the court and other authorities. According to official claims, in seven working days, the entrepreneur can pick up the final documents and tax number at CEFOR. Companies are now also assigned a unique company identification number for company registration, fiscal I.D. and social security affiliation.&lt;br /&gt;
&lt;br /&gt;
The official timeline for the completion of the above registration procedures is 7 working days. However, CEFORE forwards the documents to the respective agencies and the delay in practice is longer.&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Procedure 6.	Publication of notice in a local newspaper&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
Time to complete:	4 days&lt;br /&gt;
&lt;br /&gt;
Cost to complete:	FCFA 40000&lt;br /&gt;
&lt;br /&gt;
Comment:	The cost ranges from FCFA 29,500-50,000.&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Procedure 7.	File declaration of opening (Declaration de l'etablissement) to the National Agency of Employment Promotion (ANPE)&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
Time to complete:	1 day&lt;br /&gt;
&lt;br /&gt;
Cost to complete:	FCFA 2000&lt;br /&gt;
&lt;br /&gt;
Comment:	Fill out two application forms.&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Procedure 8.	File for declaration of establishment with the regional Labour Office (Direction Régionale du Travail)&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
Time to complete:	2 days&lt;br /&gt;
&lt;br /&gt;
Cost to complete:	FCFA 5000&lt;br /&gt;
&lt;br /&gt;
Comment:	Fill out five cards for each worker. FCFA 1,000 per card.&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;TAXATION&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
The contribution of direct taxation of all kinds to the governmental revenue is relatively low. Individuals pay a single income tax, varying from 2-30% on salaries, tips, and other remuneration, and 10-45% on business income. Companies pay a tax on profits, a forfeit tax, and taxes on income from debt and investments. There are also a number of real estate taxes. Sales and transaction taxes are shared by most of the population. Indirect taxes include customs duties and license fees.&lt;br /&gt;
&lt;br /&gt;
There are consumption taxes on specified items, such as petroleum products and tobacco and local taxes on motor vehicles.</description>
                                        <comments>http://www.alloexpat.com/burkina_faso_expat_forum/viewtopic.php?p=511#511</comments>
                                        <author>Burkina Faso Info</author>
                                        <pubDate>Mon Feb 26, 2007 9:54 am</pubDate>
                                        <guid isPermaLink="true">http://www.alloexpat.com/burkina_faso_expat_forum/viewtopic.php?p=511#511</guid>
                                      </item>
                                      <item>
                                        <title>Financial Advisors services, Offshore Fund - Know More</title>
                                        <link>http://www.alloexpat.com/burkina_faso_expat_forum/viewtopic.php?p=472#472</link>
                                        <description>&lt;br /&gt;
                                      Author: &lt;a href='http://www.alloexpat.com/burkina_faso_expat_forum/profile.php?mode=viewprofile&amp;u=2'&gt;admin&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;
                                      Posted: Mon Feb 05, 2007 4:42 am&lt;br /&gt;&lt;br /&gt;
                                      &lt;br /&gt;&lt;br /&gt;
                                      &lt;span style=&quot;font-weight: bold&quot;&gt;Financial Advisors services, Offshore Fund - Know More&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
Dear members &amp;amp; guests&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;color: black&quot;&gt;&lt;span style=&quot;font-weight: bold&quot;&gt;Financial Advisors - who are they?&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Q1 - How do I get the best offshore financial advice?&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
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.&lt;br /&gt;
&lt;br /&gt;
When counselling a client, the best offshore financial advisors should complete the following steps:&lt;br /&gt;
&lt;br /&gt;
    * 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.&lt;br /&gt;
&lt;br /&gt;
    * Step 2 - check all the offshore tax havens for the best offshore plans.&lt;br /&gt;
&lt;br /&gt;
    * Step 3 - provide impartial advice as to which plan(s) best meet their client's needs (in the form of a written report).&lt;br /&gt;
&lt;br /&gt;
    * Step 4 - arrange for a client to buy the chosen offshore plan(s) on the best terms available.&lt;br /&gt;
&lt;br /&gt;
You may want to complete your own research to ensure you know the right questions to ask your advisor.&lt;br /&gt;
&lt;br /&gt;
When all these stages are completed, you can be confident you have received the best offshore financial advice.&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Q2 - What is a Certified Financial Advisor?&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
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'.&lt;br /&gt;
&lt;br /&gt;
It may be a condition that prospective certified financial advisors show their Regulator that they are:&lt;br /&gt;
&lt;br /&gt;
    * competent to advise&lt;br /&gt;
&lt;br /&gt;
    * impartial in their advice&lt;br /&gt;
&lt;br /&gt;
    * independent of Providers&lt;br /&gt;
&lt;br /&gt;
    * covered by professional indemnity insurance.&lt;br /&gt;
&lt;br /&gt;
So it is important to check that your financial advisor is listed under:&lt;br /&gt;
&lt;br /&gt;
    * Certified Financial Advisors, licensed to advise in the Country where you live and&lt;br /&gt;
&lt;br /&gt;
    * Independent Financial Advisors - advising on a wide range of offshore plans from a full list of providers.&lt;br /&gt;
&lt;br /&gt;
Now you should feel confident you are receiving the best offshore financial advice.&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Q3 - How are offshore financial advisors paid?&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
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.&lt;br /&gt;
&lt;br /&gt;
The commission that advisors (IFAs) receive from offshore financial advice cases may range from hundreds to thousands of dollars.&lt;br /&gt;
&lt;br /&gt;
Good offshore financial advisors should not be influenced by the amount of commission they receive.&lt;br /&gt;
&lt;br /&gt;
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.&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Q4 -How do I find a list of Independent Financial Advisors (IFAs)?&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
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.&lt;br /&gt;
&lt;br /&gt;
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.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;&lt;span style=&quot;color: black&quot;&gt;Offshore Investing - What do that mean&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Q1 - What is Offshore Investing or Offshore Investment?&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
When we talk about Offshore investing plan opportunities it is like the savings plans available in many countries, except these plans:&lt;br /&gt;
&lt;br /&gt;
    * Are registered in tax havens and are regulated by their Financial Services Authorities.&lt;br /&gt;
&lt;br /&gt;
    * Can be used for investing by non-residents of the tax havens.&lt;br /&gt;
&lt;br /&gt;
    * Are sometimes more tax efficient than or have other advantages over domestic savings plans.&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Q2 - Why would expatriates choose offshore investing?&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
Expatriate investment in the savings plans catalogued here and offering offshore investing opprotunities might be appropriate when:&lt;br /&gt;
&lt;br /&gt;
    * No local or Home Country tax free regular savings plans are available.&lt;br /&gt;
&lt;br /&gt;
    * No local or Home Country tax free lump sum investment plans are available.&lt;br /&gt;
&lt;br /&gt;
    * An expatriate is planning to retire to a third country.&lt;br /&gt;
&lt;br /&gt;
If you fit any of these categories of expatriates you should investigate the offshore plans researched by Offshore Boffin and consult your Financial Advisor.&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Q3 - Are there other people who might benefit from Offshore Invesment?&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
Yes. People who are not living abroad might find offshore investment attractive in the following circumstances:&lt;br /&gt;
&lt;br /&gt;
    * 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).&lt;br /&gt;
&lt;br /&gt;
    * They may live in countries which do not have domestic tax free savings plans.&lt;br /&gt;
&lt;br /&gt;
    * They live in countries which are not suitable long-term investment environments for political or economic reasons.&lt;br /&gt;
&lt;br /&gt;
    * They wish to limit the effects of inheritance tac on their estates.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Q4 - Is there safe offshore investing?&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
The answer is that All investors should remember that the value of ALL their investments can go down as well as up!&lt;br /&gt;
&lt;br /&gt;
Safe offshore investing is more likely by choosing plans:&lt;br /&gt;
&lt;br /&gt;
    * From politically stable tax havens - the quality of tax havens varies. &lt;br /&gt;
  &lt;br /&gt;
  * 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.&lt;br /&gt;
&lt;br /&gt;
    * 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.&lt;br /&gt;
&lt;br /&gt;
    * 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.&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;&lt;span style=&quot;font-style: italic&quot;&gt;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.&lt;/span&gt; &lt;/span&gt;</description>
                                        <comments>http://www.alloexpat.com/burkina_faso_expat_forum/viewtopic.php?p=472#472</comments>
                                        <author>admin</author>
                                        <pubDate>Mon Feb 05, 2007 4:42 am</pubDate>
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                                      <item>
                                        <title>FX Currency Trading / FX Forex Trading Online - Know More</title>
                                        <link>http://www.alloexpat.com/burkina_faso_expat_forum/viewtopic.php?p=471#471</link>
                                        <description>&lt;br /&gt;
                                      Author: &lt;a href='http://www.alloexpat.com/burkina_faso_expat_forum/profile.php?mode=viewprofile&amp;u=2'&gt;admin&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;
                                      Posted: Mon Feb 05, 2007 4:40 am&lt;br /&gt;&lt;br /&gt;
                                      &lt;br /&gt;&lt;br /&gt;
                                      &lt;span style=&quot;color: black&quot;&gt;&lt;span style=&quot;font-size: 20px; line-height: normal&quot;&gt;&lt;span style=&quot;font-weight: bold&quot;&gt;Forex Trading / FX Trading&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;color: brown&quot;&gt;&lt;span style=&quot;font-size: 18px; line-height: normal&quot;&gt;Foreign Exchange&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
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 &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G4#G4&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;bear&lt;/a&gt; as well as &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G7#G7&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;bull&lt;/a&gt; market to better acquaint you with some of the &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G26#G26&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;risks&lt;/a&gt; and opportunities in the largest and most &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G19#G19&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;liquid&lt;/a&gt; market in the world. &lt;br /&gt;
&lt;br /&gt;
As an additional aid for those who are new to Forex, there is also a &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#10%2310&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;glossary&lt;/a&gt; at the bottom of this text which explains some of the terms used in connection with currency trading. &lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;color: brown&quot;&gt;&lt;span style=&quot;font-size: 18px; line-height: normal&quot;&gt;Overview&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
&lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G13%23G13&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Foreign exchange&lt;/a&gt; , &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G13%23G13&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;forex&lt;/a&gt; or just &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G13%23G13&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Forex&lt;/a&gt; are all terms used to describe the trading of the world's many currencies. The &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G13%23G13&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;forex market&lt;/a&gt; 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 &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G21%23G21&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;NYSE (New York Stock Exchange)&lt;/a&gt; . Most forex trading is &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G30%23G30&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;speculative&lt;/a&gt; , with only a few percent of market activity representing governments' and companies' fundamental currency conversion needs.&lt;br /&gt;
&lt;br /&gt;
Unlike trading on the stock market, the forex market is not carried out by a central exchange, but on the &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G14%23G14&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;&amp;quot;interbank&amp;quot; market&lt;/a&gt; , which is thought of as an &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G17%23G17&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;OTC (over the counter&lt;/a&gt; ) 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.&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;color: brown&quot;&gt;&lt;span style=&quot;font-size: 18px; line-height: normal&quot;&gt;Trading Forex&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
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 &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G8%23G8&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;cross&lt;/a&gt; (for example, the Euro/US Dollar, or the GB Pound/Japanese Yen.). The most commonly traded currencies are the so-called &amp;quot;majors&amp;quot; - EURUSD, USDJPY, USDCHF and GBPUSD.&lt;br /&gt;
&lt;br /&gt;
The most important forex market is the spot market as it has the largest volume. The market is called the &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G31%23G31&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;spot&lt;/a&gt; market because trades are settled &amp;quot;immediately&amp;quot; or on the spot. In practice this means within two banking days.&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;color: brown&quot;&gt;&lt;span style=&quot;font-size: 18px; line-height: normal&quot;&gt;Trading on Margin&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
Trading on &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G20%23G20&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;margin&lt;/a&gt; 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 &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G11%23G11&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;exchange rate fluctuations&lt;/a&gt; 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 &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G16%23G16&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;leverage&lt;/a&gt; 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 &amp;quot;Trading Conditions&amp;quot; found in the top right-hand corner of the Account Summary.&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;color: brown&quot;&gt;&lt;span style=&quot;font-size: 18px; line-height: normal&quot;&gt;Why trade Forex?&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
&lt;ul&gt;&lt;li&gt;&lt;span style=&quot;font-weight: bold&quot;&gt;24 hour trading&lt;/span&gt;&lt;br /&gt;
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.&lt;br /&gt;
&lt;li&gt;&lt;span style=&quot;font-weight: bold&quot;&gt;Superior liquidity&lt;/span&gt;&lt;br /&gt;
The forex market is so liquid that there are always buyers and sellers to trade with. The &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G19%23G19&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;liquidity&lt;/a&gt; of this market, especially that of the major currencies, helps ensure price stability and low &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G33%23G33&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;spreads&lt;/a&gt; . The liquidity comes mainly from large and smaller banks that provide liquidity to investors, companies, institutions and other currency market players.&lt;br /&gt;
&lt;li&gt;&lt;span style=&quot;font-weight: bold&quot;&gt;No commissions&lt;/span&gt;&lt;br /&gt;
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 &amp;quot;majors&amp;quot; is also cheaper than trading other &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G8%23G8&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;crosss&lt;/a&gt; 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 &amp;quot;Trading Conditions&amp;quot; found in the top right-hand corner of the Account Summary.&lt;br /&gt;
&lt;li&gt;&lt;span style=&quot;font-weight: bold&quot;&gt;50:1 Leverage&lt;/span&gt;&lt;br /&gt;
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 &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G20%23G20&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;margin&lt;/a&gt; as a guarantee for the future performance of your position.&lt;br /&gt;
&lt;li&gt;&lt;span style=&quot;font-weight: bold&quot;&gt;Profit potential in falling markets&lt;/span&gt;&lt;br /&gt;
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 &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G12%23G12&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;EURUSD&lt;/a&gt; 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 &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G1%23G1&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;appreciates&lt;/a&gt; .&lt;/ul&gt;&lt;br /&gt;
            &lt;br /&gt;
&lt;span style=&quot;color: brown&quot;&gt;&lt;span style=&quot;font-size: 18px; line-height: normal&quot;&gt;Important Forex Trading Terms&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
&lt;ul&gt;&lt;li&gt;&lt;span style=&quot;font-weight: bold&quot;&gt;Spread&lt;/span&gt;&lt;br /&gt;
The &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G33%23G33&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;spread&lt;/a&gt; is the difference between the price that you can sell currency at ( &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G5%23G5&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Bid&lt;/a&gt; ) and the price you can buy currency at ( &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G2%23G2&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Ask&lt;/a&gt; ). 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 &amp;quot;Trading Conditions&amp;quot; found in the top right-hand corner of the Account Summary.&lt;br /&gt;
&lt;li&gt;&lt;span style=&quot;font-weight: bold&quot;&gt;Pips&lt;/span&gt;&lt;br /&gt;
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 &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G33%23G33&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;spread&lt;/a&gt; when you trade the majors. This spread is revealed when you compare the bid and the ask price, for example &lt;a href=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G12%23G12&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;EURUSD&lt;/a&gt; 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 &amp;quot;pips&amp;quot;. 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.&lt;/ul&gt;&lt;br /&gt;
            &lt;br /&gt;
&lt;span style=&quot;color: brown&quot;&gt;&lt;span style=&quot;font-size: 18px; line-height: normal&quot;&gt;Trading Scenario - Trading Rising Prices&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
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.&lt;br /&gt;
&lt;table cellpadding=&quot;3&quot;&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;You buy Euro&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;We quote &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G12%23G12&quot;&gt;EURUSD&lt;/A&gt; at &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G5%23G5&quot;&gt;Bid&lt;/A&gt; 0.9875 and &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G2%23G2&quot;&gt;Ask&lt;/A&gt; 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.&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;The market turns&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Later the market turns in favour of the Euro and the &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G12%23G12&quot;&gt;EURUSD&lt;/A&gt; is now quoted at Bid 0.9894 and Ask 0.9899.&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Now you want to sell your Euro and get the profit &lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;You sell Euro at a &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G5%23G5&quot;&gt;Bid&lt;/A&gt; price of 0.9894.&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;The profit is calculated as follows: &lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;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 &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G27%23G27&quot;&gt;secondary currency&lt;/A&gt; )&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;br /&gt;
&lt;span style=&quot;color: brown&quot;&gt;&lt;span style=&quot;font-size: 18px; line-height: normal&quot;&gt;Trading Scenario - Trading Falling Prices&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
If, on the other hand, you believe that the Euro will weaken against the dollar, you'll want to sell EURUSD.&lt;table cellpadding=&quot;3&quot;&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;You sell Euro&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;We quote &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G9%23G9&quot;&gt;EURUSD&lt;/A&gt; at a &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G5%23G5&quot;&gt;Bid&lt;/A&gt; price of 0.9875 and &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G2%23G2&quot;&gt;Ask&lt;/A&gt; price of 0.9880 and you decide to &lt;span style=&quot;font-weight: bold&quot;&gt;sell&lt;/span&gt;Euro 100,000 at a &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G5%23G5&quot;&gt;Bid&lt;/A&gt; price of 0.9875.&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;The market moves in your favour&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;The Euro weakens against the dollar and the &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G9%23G9&quot;&gt;EURUSD&lt;/A&gt; is now quoted at bid 0.9744 and ask 0.9749.&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Now you buy back your Euro&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;You buy EUR at an &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#G2%23G2&quot;&gt;ask&lt;/A&gt; price of 0.9749.&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Your Profit/loss is then&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Sell price-buy price x size of trade (0.9875 minus 0.9749) multiplied by 100.000 = $ 1260 Profit&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;br /&gt;
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.&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;color: brown&quot;&gt;&lt;span style=&quot;font-size: 18px; line-height: normal&quot;&gt;Further Reading&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
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. &lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;color: brown&quot;&gt;&lt;span style=&quot;font-size: 18px; line-height: normal&quot;&gt;Glossary&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
&lt;table cellpadding=&quot;3&quot;&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Appreciation&lt;/span&gt;&lt;/td&gt;&lt;br /&gt;
&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Anincrease in the value of a currency. &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Ask&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;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. &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Basecurrency &lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Thecurrency that the investor buys or sells (i.e. EUR in EURUSD). &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Bear&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;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. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Bid&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;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. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Bid/Ask&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;TheBid rate is the rate at which you sell. The Ask (or offer) rate isthe rate at which you can buy. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Bull&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Someonewho is optimistic about the market. A bull market is characterisedby enthusiastic and sustained buying. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;cross&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Whentrading currencies, the investor buys one currency againstanother. These two currencies form the cross: for example, EURUSD.&lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Crossrate &lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Anexchange rate that is calculated from two other exchange rates. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Depreciation/decline&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Afall in the value of a currency. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Exchangerate &lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;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. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;EURUSD&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Meansthat you trade EUR against dollars. If you buy Euro you pay indollars and if you sell Euro you receive dollars. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;FX,Forex, Foreign Exchange &lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Allnames for the transaction of one currency for another, e.g. youbuy �100.00 with $150.25 or sell $150.25 for �100.00.&lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Interbank&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Short-term(often overnight) borrowing and lending between banks, as distinctfrom banks' business with their corporate clients or otherfinancial institutions. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Interestrate differential &lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Theyield spread between two otherwise comparable debt instrumentsdenominated in different currencies. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Leverage(gearing) &lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Inthis case leverage means that the investor only funds part of theamount traded. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Long&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Tobuy. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Longposition &lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Aposition that increases its value if market prices increase. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Liquid(-ity) &lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;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. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Margin&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Theinitial amount or deposit required when entering into a position.Margin is a guarantee for future performance. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;NYSE&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;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. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Openposition &lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;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. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;&amp;quot;Overthe counter&amp;quot; &lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Whentrading takes place directly between two parties, rather than onan exchange. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Pips&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;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. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Position&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;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. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Risk&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;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. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Secondarycurrency (variable currency or counter currency) &lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Thecurrency that the investor trades the base currency against (i.e.USD in EURUSD). &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Shortposition &lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Aposition that benefits from a decline in market prices. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Short&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Tosell. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Speculative&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Buyingand selling in the hope of making a profit, rather than doing sofor some fundamental business-related need. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Spot&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;ASpot rate is the current market price of an asset. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Spotmarket &lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;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. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Spread&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;Thedifference between the bid and the ask rate. &lt;A HREF=&quot;http://www.forextrading.com/articles/HowToTrade.aspx#top%23top&quot;&gt;&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;table cellpadding=&quot;3&quot;&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;&lt;B&gt;Today'sForex News&lt;/B&gt;&lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;&lt;A HREF=&quot;http://www.forbes.com/breakingnews/&quot;&gt;ForbesBreaking News&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;&lt;A HREF=&quot;http://www.bloomberg.com/news/index.html&quot;&gt;BloombergNews&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;&lt;A HREF=&quot;http://biz.yahoo.com/n/z/z0006.html&quot;&gt;YahooCurrency News&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;&lt;A HREF=&quot;http://www.nni.nikkei.co.jp/&quot;&gt;NikkeiNews&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;&lt;A HREF=&quot;http://news.google.com/news/en/us/business.html&quot;&gt;GoogleBusiness News&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;&lt;A HREF=&quot;http://home.kyodo.co.jp/&quot;&gt;KyodoNews&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;&lt;A HREF=&quot;http://www.reuters.com/finance.jhtml&quot;&gt;ReutersFinancial News&lt;/A&gt; &lt;/span&gt;&lt;/td&gt;&lt;td valign=&quot;top&quot;&gt;&lt;span style=&quot;font-size: 12px; line-height: normal&quot;&gt;&lt;/span&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Live Updates&lt;/span&gt;&lt;br /&gt;
&lt;a href=&quot;http://www.global-view.com/&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Live Forex Quotes and Charts&lt;/a&gt;&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Forex Market Information&lt;/span&gt;&lt;br /&gt;
&lt;ul&gt;&lt;li&gt;&lt;a href=&quot;http://www.newyorkfed.org/education/addpub/usfxm&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Federal Reserve Banks' &amp;quot;All About the Foreign Exchange Markets in the United States&amp;quot; &lt;/a&gt;&lt;/ul&gt;&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Forex Related Sites&lt;/span&gt;&lt;br /&gt;
&lt;ul&gt;&lt;li&gt;&lt;a href=&quot;http://www.forexcentral.net&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;ForexCentral.net&lt;/a&gt;&lt;a href=&quot;http://www.forexdirectory.net&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Forex&lt;br /&gt;
Directory&lt;/a&gt;&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.forexfactory.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Forex Factory&lt;/a&gt;&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.fxstreet.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;FXstreet&lt;/a&gt;&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://global-view.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Global View&lt;/a&gt;&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.moneytec.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;MoneyTec&lt;/a&gt;&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.thefinancials.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;TheFinancials&lt;/a&gt;&lt;/ul&gt;&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Economic Calendars&lt;/span&gt;&lt;br /&gt;
&lt;ul&gt;&lt;li&gt;&lt;a href=&quot;http://www.bloomberg.com/markets/ecalendar/index.html&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Bloomberg Economic Calendar&lt;/a&gt;&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.briefing.com/Silver/Calendars/EconomicCalendar.htm&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Briefing.com Economic Calendar&lt;/a&gt;&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://biz.yahoo.com/c/e.html&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Yahoo U.S. Economic Calendar&lt;/a&gt;&lt;/ul&gt;&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Central Banks &amp;amp; Regulatory Agencies&lt;/span&gt;&lt;br /&gt;
&lt;ul&gt;&lt;li&gt;&lt;a href=&quot;http://www.bank-banque-canada.ca&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Bank of Canada&lt;/a&gt;&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.bankofgermany.co.uk&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Bank of Germany&lt;/a&gt;&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.bis.org&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Bank of International Settlements&lt;/a&gt;&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.boj.or.jp/en/index.htm&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Bank of Japan&lt;/a&gt;&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.cftc.gov&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Commodity Futures Trading Commission&lt;/a&gt;&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.ecb.int&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;European Central Bank&lt;/a&gt;&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.ny.frb.org&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Federal Reserve Bank&lt;/a&gt;&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.rba.gov.au&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Reserve Bank of Australia&lt;/a&gt;&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.snb.ch/e/index3.html&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Swiss National Bank&lt;/a&gt;&lt;/ul&gt;&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;News&lt;/span&gt;&lt;br /&gt;
&lt;ul&gt;&lt;li&gt;&lt;a href=&quot;http://www.bloomberg.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Bloomberg&lt;/a&gt;&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://cnnfn.cnn.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;CNNfn&lt;/a&gt;&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.reuters.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Reuters&lt;/a&gt;&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.fxweek.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;FX Week&lt;/a&gt;&lt;/ul&gt;&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Other Useful Links&lt;/span&gt;&lt;br /&gt;
&lt;ul&gt;&lt;li&gt;&lt;a href=&quot;http://www.bestdaytrader.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Best Day Trader&lt;/a&gt; - The best performing professional level day trading site and swing&lt;br /&gt;
trading newsletter.&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.cashcowmag.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Cash Cow&lt;/a&gt; - Online financial magazine focused on penny stock information and the company research of growing yet undervalued small-cap companies.&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.consensus-inc.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;CONSENSUS National Futures &amp;amp; Financial Weekly&lt;/a&gt; - CONSENSUS is one of the largest ONLINE sources of in-depth research for trading the markets. The investment newspaper used daily by stock and futures traders. Your research library ONLINE. For over 30 years, CONSENSUS has published market letters with fundamental and technical buy/sell advice from over 100 top national and international sources.&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.fiercefinance.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;FierceFinance&lt;/a&gt; - free daily email briefing for investment bankers, venture capitalists, CFOs and other financial industry leaders.&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.forexdaytrading.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Forex-Day-Trading.com - Currency Trading with FREE Training&lt;/a&gt; - Learn how to day trade currencies with our free training. Try a free forex trading demo for 30 days.&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.forexpredictions.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Forexpredictions&lt;/a&gt; - daily and weekly high/low currency forecasts.&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.forex-business.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Forex Business&lt;/a&gt; - All about Forex Business&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.investorsresource.info&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Forex Investors Resource&lt;/a&gt; - The Ultimate Forex Portal with a multitude of forex trading resources and free educational tools.&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.futuresweb.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;FuturesWeb&lt;/a&gt; - Futures and Options portal offering FREE charts &amp;amp; quotes, news, research, software, books, futures directory and more!&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.goforex.net&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Go Forex&lt;/a&gt; - Your Guide to Foreign Exchange Trading&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.investionary.com/foreign-exchange-trading.htm&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Investionary.com&lt;/a&gt; - Foreign Exchange Trading resource directory.&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.momentumcd.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Momentum&lt;/a&gt; - Provides links to over 5,000 investor related sites.&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.tradingacademy.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Online Trading Academy&lt;/a&gt; - Online Trading Academy is a cutting-edge training firm focusing on&lt;br /&gt;
day trading training products and services. Our professional trainers will teach you to trade in any market condition!&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.optrading.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;OpForums Stock Forum - Online Stock Investing and Options Trading Discussion Forums&lt;/a&gt; - Learn online option trading and stock investing strategy from other traders.&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.sniper.at&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;&amp;quot;SNIPER&amp;quot; - Stock and bond market timing&lt;/a&gt; - Offers market timing and trading systems for international stock and treasury bond markets plus a weekly global stock market risk and crash indication.&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.stockstoshop.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Stockstoshop&lt;/a&gt; - Stock and trading services information, market news, quotes and charts.&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.theinvestingsite.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;The Investing Site&lt;/a&gt; - The Ultimate Financial Directory.&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.thetradepros.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;TradePro - Direct access day trading broker&lt;/a&gt; - TradePro LLC offers direct access trading software for equity, futures, and option trading. We specialize in fast executions, institutional trading, and low commission costs. Our motto is &amp;quot;We focus on you, so you can focus on the markets&amp;quot;!&lt;br /&gt;
&lt;li&gt;&lt;a href=&quot;http://www.tradingequity.com&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Trading Equity&lt;/a&gt; - Swing trading service with suggested entry, exit, and stop prices. Technical investment analysis for stock trading.&lt;/ul&gt;&lt;br /&gt;
&lt;br /&gt;
Source Forex.com</description>
                                        <comments>http://www.alloexpat.com/burkina_faso_expat_forum/viewtopic.php?p=471#471</comments>
                                        <author>admin</author>
                                        <pubDate>Mon Feb 05, 2007 4:40 am</pubDate>
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