Expatriates Forums in Czech Republic

French High Tech Firm looking for Country Managers

responsable pays — Wed Sep 30, 2009 10:03 am

Author: responsable pays

Posted: Wed Sep 30, 2009 10:03 am

Due to our rapid expansion in France, Switzerland, Czech Republic, and Morocco with our innovative product, we are looking for local country managers to develop their market.

We offer a once in a lifetime opportunity with a new technology that our clients are raving about.

If you are highly motivated, do not get discouraged easily, understand the value of customer appreciation and ready to explore new heights in your career. Contact us today!

Send us a resume at responsablepays hotmail com

Genuine jobs for Multi-National - Prague

AmandaTravaille — Tue Aug 04, 2009 4:06 pm

Author: AmandaTravaille

Posted: Tue Aug 04, 2009 4:06 pm

Fluent English, plus one other EU language required, for candidates looking for a job in Financial Shared Serviced Centre. Excellent opportunities for those with 2 years' accounting experience.

Trading On Line Coaching in Czech Republic

Miky — Fri May 01, 2009 7:15 pm

Author: Miky

Posted: Fri May 01, 2009 7:15 pm

We have solid experience in Trading On Line coaching. Our coaching sessions are on-line, via the internet.

We are based in Hungary and we use a remote-learning platform in which is possible to share audio, video, trading platform and desktop documents like powerpoint and trading charts. You can learn how to trade successfully from your home or office.

Coaching plans can be completely personalized to reach concrete individual goals.
We are looking for private investors in Czech Republic interested in improving their Trading On Line results, with no risk on a pay per sessions basis. Please pm to arrange a skype meeting.

working in the Netherlands

dutchjobs — Sun Nov 30, 2008 7:06 pm

Author: dutchjobs

Posted: Sun Nov 30, 2008 7:06 pm

Polish or Slovak or Czech or Hungarian -German speaking Customer Service Representatives
Department Customer Service

For our contact center based in the Netherlands, we are looking for Customer Service Representatives for the Polish or Slovak or Czech or Hungarian -German department. The contact center serves as the central point of contact for customers and prospective customers of our high standard, worldwide-known brand. From our contact center, customers from across Europe are supported with technical problems, enquiries, complaints and promotional activities.

The contact center has approximately 600 employees consisting of 40 different nationalities. Our main goal is to exceed customer expectations.

Department description
Inquiries and complaints are handled by telephone, mail, fax or e-mail. The department is responsible for after-sales service issues, technical and product topics and general company related inquiries.

Requirements
• Higher vocational education
• Mother tongue Polish, with fluency in German (or German with fluency in Polish)
• Fluency in English (corporate language)
• Excellent written skills in German and Polish
• Advanced negotiation skills
• Computer literacy
• Experience in customer care
• Good understanding of customer satisfaction
• Team player
• Open-minded to a diversity of cultures
• Ability to prioritize, analyze, plan and coordinate on high volumes

Working hours
40 hrs a week, from Monday to Friday

Some of our working terms and conditions
• € 1773 minimum p.m. gross
• Extensive relocation package

Interested
email us or phone 0032 497545587

Quality English Rep seeks reps

salmaccarrer — Mon Nov 12, 2007 11:07 am

Author: salmaccarrer

Posted: Mon Nov 12, 2007 11:07 am

Looking for a flexible job?
Sell USBORNE children’s books!
Sell to Schools,Pre-schools, or any other organisation with an interest in English books!
Finally a job that can move with you!(throughout Europe, UK and BFPO’s)
Ideal for mums with kids, or anyone with a love of books and children.
Let the job fit into your schedule!

WORK IN CZECH REP / CZECH REP EMPLOYMENT GUIDE

Czech Republic Info — Mon May 21, 2007 6:01 am

Author: Czech Republic Info

Posted: Mon May 21, 2007 6:01 am

WORK IN CZECH REPUBLIC

In recent years the labour market has been significantly affected by an ambitious programme of privatisation and deregulation which began in preparation for EU accession and is still continuing. The dramatic growth in the services sector has led to a shortage of some skills, and specialised manual workers are particularly in demand.

Wages tend to be low with average salaries at around CZK 18,903 (approximately 665 euros or £455) per month. The economic structure of Prague, however, is very different from other regions; not only are wages and salaries higher, but there is also a large commuter workforce.

The main areas of overseas business opportunities in the Czech Republic include the following:

* automotive industry;

* leisure and lifestyle;

* food and food processing - aided in recent years by large scale British and other foreign investment ;

* environment - originally driven by the country's plans for EU membership and by industrial restructuring;

* IT/telecommunications/electronics - driven by the deregulation of fixed-line telephone services, the growth of the mobile phone sector, data services, and demand for local hardware production;

* security and safety equipment - particularly in high-tech security equipment and protection of electronic data;

* financial services - major international players in all fields from banking to management consultancy;

* tourist industry - continues to expand.

Figures from April 2005 show unemployment averaging 8.9%, up from 7.5% in 2003 (The World Factbook). The lowest unemployment rates are to be found in Prague and the immediate surrounding area, with the highest unemployment rates in the coal mining and heavy industrial areas (including Silesian Moravia).

The ability to speak and write Czech is an important requirement for job seekers, although English and German are widely spoken, English being more commonly known by younger people.

For graduates without much employment experience the main opportunities are likely to be in teaching English and, to a limited degree, in voluntary work. Overseas postings to the Czech Republic are increasingly common for established professionals working for multinational companies in a range of sectors including consultancy, retail, law, banking and finance, and the media. Work experience can be gained through temporary placements with international organisations.

DOING BUSINESS IN CZECH REP / CZECH REP BUSINESS GUIDE

Czech Republic Info — Fri May 18, 2007 7:56 am

Author: Czech Republic Info

Posted: Fri May 18, 2007 7:56 am

DOING BUSINESS IN CZECH REPUBLIC

STARTING A BUSINESS

STANDARDIZED COMPANY
Legal Form: Spolecnost s Rucenim Omezenym (SRO)
Minimum Capital Requirement: 200,000
City: Prague

Registration Requirements:

Procedure 1. Check business name for uniqueness

Time to complete: 1 day

Cost to complete: no charge

Procedure 2. tain certificates of clear criminal record for managers

Time to complete: 1 day (immediately)

Cost to complete: CZK 50

Comment: This applies only to the extract from the Czech Criminal Register and not foreign criminal registers (which are also required should the executive be a foreign person)

Procedure 3. Obtain extract of real estate register proving title of the landlord

Time to complete: 1 day

Cost to complete: CZK 100

Comment: Company must prove lease of premises by a contract with landlord and by extract of real estate register proving the title of the landlord. Extract of real estate register is issued on spot. Fees for extract are CZK100. It is also recommended to obtain approval from the owner of the premises, relevant to the location of the seat of the company on his premises. If the landlord is a legal entity it is recommended to submit its extract from the Commercial Register.

Procedure 4. Notarise Articles of Association

Time to complete: 1 day

Cost to complete: CZK 18,000 including VAT (for 5 copies of 5-page notarial record and 2-page enclosure) + CZK 31.5 per notarised signature

Comment: Costs depend upon the amount of the capital of the company and the number of copies of notarial record required by the client. The minimum fee can be CZK 4,000 and the maximum approximately CZK 116,000, all including 19% of VAT. The notary public is responsible for the compliance of the contents of the Articles of Association with Czech law. He prepares the wording of the Articles in accordance with the client's requirements. Certain notaries public require the following documents prior to the execution of the Articles of Association: clean criminal record, affidavit of the Managers, and confirmation of the owner of premises where the seat will be located that the company is entitled to have its seat in those premises, along with an extract from the Real Estate Register for the premises.

Managers must comply with the requirements stipulated by the Czech Commercial Code. They must confirm compliance in the affidavit submitted to the City Court and they also must submit their Specimen Signature to the City Court in 2 counterparts.

Procedure 5. Obtain confirmation of the administrator of the capital contribution of the company along with the confirmation of the bank that the capital contribution is held in the company's special bank account for the registered capital.

Time to complete: 2 days

Cost to complete: The bank charges are usually deducted from the bank account once the company is registered in the Commercial Register. Until the company is registered, the registered capital is usually blocked in the special bank account.

Procedure 6. Obtain the appropriate trade licences

Time to complete: 1 day

Cost to complete: CZK 1,000 per trade licence or CZK 2,000 per concession

Comment: A company must have the appropriate trade licences to conduct its business. Before obtaining a trade licence, a company may be asked to provide professional and other qualifications specific to the trade, as well as practical experience, depending on the type of trade licence. For general commercial activity, a notification is suffice.

Procedure 7. Register in the Business (Commercial) Registry of the Regional Commercial Court.

Time to complete: 14 days

Cost to complete: CZK 5,000 (paid in the form of court stamps)

Comment: The Czech Commercial Code and the Czech Civil Procedure Act were amended to comply with EC law with legal effect since July 1, 2005, in order to simplify and speed up the process of registrations to the Commercial Register. The amendment introduced standard forms for applications, reduced number of participants to the proceedings, introduced the simplified procedure for registration by entering the data without substantive review for certain types of entries, stated exact periods for decisions and its issuance and entries, introduced "Silence-is-consent" rule and set limits for implementation of full electronic administration of the Commercial Register.

For registration of the company to the Commercial Register, the motion to the relevant Regional Court must be submitted on a standard form signed by all first Managers (or their Proxy if applicable) in front of a notary public. For the filing of the trade licence, proof of "fully paid capital" is required, i.e. Confirmation of the administrator of the capital contribution of the company along with the confirmation of the bank that the capital contribution is held in the company's special bank account for the registered capital, the Articles of Association in the form of a notarial record in 2 counterparts, the extract from the commercial register for the founder (if applicable), documents proving the title to the premises where the seat is located (as stated above), documents from the Managers (Affidavit and Specimen Signature in 2 counterparts, extract from the Czech Criminal Register, if the Manager is a foreigner - extract from the Criminal Register from country of his origin and country where he spent 3 consecutive months in 3 previous years and a Czech visa for over 90 days - code VC 65, if a foreigner is EU citizen the temporary residency permit is required instead of a visa since May 1, 2004).

Procedure 8. Register with the tax office.

Time to complete: 1 day

Cost to complete: no charge

Comment:

*Income tax and general registration deadline - 30 days (any change needs to be announced within 15 days).

* Withholding tax and payroll tax - 15 days.

Income tax registration is immediate. The company gets the number when they hand in the application. It is the same number for income and VAT.

* VAT obligatory registration - 20th day after the end of month in which all conditions are met

* VAT voluntary registration - any time

* Foreign taxpayers not having permanent establishment or real estate in the Czech Republic - 5 days

Procedure 9*. Register for social security.

Time to complete: 1 day

Cost to complete: no charge

Procedure 10*. Register with the health insurance.

Time to complete: 2 day

Cost to complete: no charge

Note: Procedures sometimes take place simultaneously. Instances of this are marked with an asterisk (*).

FORMS OF BUSINESS ORGANISATION

1. Joint stock company
2. Limited liability company

The joint stock (akciova spolecnost—AS) and limited liability (spolecnost s rucenim omezenym—s.r.o.) options are the most popular forms of corporate organisation for foreign investors because of their flexibility and low capital requirements.

Czech law permits foreign companies to set up branches or representative offices.

Prague, the capital, is the financial centre.

TAXATION

Corporate tax
Standard rate: 24%

Resident companies are taxed on their worldwide income; non-resident companies are taxed only on Czech-source income. A company is resident if its legal seat or place of management is in the Czech Republic. Corporate tax is charged at a flat rate of 24%. Generally, dividends are not included in taxable income but are subject to a final withholding tax of 15%. Dividends are exempt from the tax if conditions for application of the EC Parent-Subsidiary EU Directive are met. Partnerships are treated as fiscally transparent, with the partners taxed on their shares of partnership profits.

Individual tax
Progressive rates rising to 32%

Resident individuals are taxed on their worldwide income. An individual who has a permanent home in the country or stays there for 183 days in the calendar year is resident for tax purposes. Most income is aggregated and charged to tax at progressive rates up to 32%. Dividends are subject to a final withholding tax of 15%.

Capital gains
Generally taxed as income

Capital gains of companies and individuals are generally taxed as income. Individuals are exempt from tax on gains on the disposal of non-business property held for five years or the sale of a dwelling that has been the main residence for at least two years. Capital gains derived from the sale of shares are tax-exempt for individuals if the shares have been held for more than six months in the case of a joint stock company and five years in the case of a limited liability company.

Indirect tax
Standard rate: 19% ; Lower rate: 5%

Value-added tax (VAT) applies to most transactions. A lower rate of 5% applies to foodstuffs, pharmaceutical products and some services. Exemptions include the transfer and lease of land and buildings, financial and insurance services, medical services and education. Exports are zero-rated.

Registration is compulsory for businesses with an annual turnover above CZK 1m.

Tax administration and compliance
Tax year: Corporations: accounting year ; Individuals: calendar year

Corporate taxpayers make either two or four advance tax payments, depending on the size of the previous year’s liability. A self-assessment tax return must be filed by the end of the third month following the tax year, but the deadline may be extended on request.

Employment income is generally taxed by withholding.

Additional tax information

Withholding taxes: Dividends 15%, Interest 15%, Royalties 25%. Rates may be reduced by tax treaties or EC directives.

Tax treaties: The Czech Republic has concluded more than 70 treaties, and also honours most treaties of the former Czechoslovakia.

Dividends: Dividends are subject to a 15% withholding tax.

Revenue protection: There is transfer-pricing and thin-capitalisation legislation.

Groups: There is no provision for groups to file a consolidated return.

Incentives: Incentives are available for large-scale investment.

Other taxes: Inheritance and gift tax, Real estate tax, Road tax, Tax on the transfer of immovable property.

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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