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  <title>Expatriate Forums in Puerto Rico</title>
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  <description>The Puerto Rico Expats Online Community Resources &amp; Forums&lt;br /&gt;&lt;strong&gt;By &lt;a href=&quot;http://www.alloexpat.com&quot; style=&quot;color: #000000; text-decoration: none;&quot; target=&quot;_blank&quot;&gt;AlloExpat.com&lt;/a&gt;&lt;/strong&gt;</description>
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    <title>Expatriate Forums in Puerto Rico</title>
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    <description>The Puerto Rico Expats Online Community Resources &amp; Forums&lt;br /&gt;&lt;strong&gt;By &lt;a href=&quot;http://www.alloexpat.com&quot; style=&quot;color: #000000; text-decoration: none;&quot; target=&quot;_blank&quot;&gt;AlloExpat.com&lt;/a&gt;&lt;/strong&gt;</description>
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                                      <item>
                                        <title>human hair products from china</title>
                                        <link>http://www.alloexpat.com/puerto_rico_expat_forum/viewtopic.php?p=4220#4220</link>
                                        <description>&lt;br /&gt;
                                      Author: &lt;a href='http://www.alloexpat.com/puerto_rico_expat_forum/profile.php?mode=viewprofile&amp;u=9430'&gt;cnwigs&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;
                                      Posted: Thu Apr 05, 2007 5:41 am&lt;br /&gt;&lt;br /&gt;
                                      &lt;br /&gt;&lt;br /&gt;
                                      1.Our products:&lt;br /&gt;
100% human hair weaving;bulk;hair pieces &amp;amp; accessories;women's wigs;half wigs; synthetic hair;toupees;training mannequin head;the pre-bonded hair extensions(stick hair and nail hair) and hair extension tools (such as the Hair Iron; glue gun; adhesive stick;hair bond remover;hair plier;extentube kits;copper micro rings;glue hotpot;purging tools)and so on.&lt;br /&gt;
2.For our enterprise guidance and business development,we will try our best to treasure every chance from the clients from all over the world and quote the most reasonable price and offer the best quality to you.&lt;br /&gt;
3.About hair extensions &amp;amp; tools,there are many more in stock.&lt;br /&gt;
We sincerely hope to recieve your inquiry.&lt;br /&gt;
Xuchang Harmony Hair Products Co.,Ltd&lt;br /&gt;
&lt;a href=&quot;http://www.cnwigs.com&quot; target=&quot;_blank&quot;&gt;http://www.cnwigs.com&lt;/a&gt;</description>
                                        <comments>http://www.alloexpat.com/puerto_rico_expat_forum/viewtopic.php?p=4220#4220</comments>
                                        <author>cnwigs</author>
                                        <pubDate>Thu Apr 05, 2007 5:41 am</pubDate>
                                        <guid isPermaLink="true">http://www.alloexpat.com/puerto_rico_expat_forum/viewtopic.php?p=4220#4220</guid>
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                                        <title>We are looking for inspired and motivated city franchisers</title>
                                        <link>http://www.alloexpat.com/puerto_rico_expat_forum/viewtopic.php?p=4091#4091</link>
                                        <description>&lt;br /&gt;
                                      Author: &lt;a href='http://www.alloexpat.com/puerto_rico_expat_forum/profile.php?mode=viewprofile&amp;u=17894'&gt;annateklinska&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;
                                      Posted: Fri Feb 02, 2007 9:17 am&lt;br /&gt;&lt;br /&gt;
                                      &lt;br /&gt;&lt;br /&gt;
                                      Visitopia is a commercial community travel website where we give everyone the opportunity to share information with each other. Here’s where you come in!&lt;br /&gt;
&lt;br /&gt;
                                                           &lt;br /&gt;
&lt;br /&gt;
For the represented cities on our website we need franchisers to manage the writers for that city page. When you live in a city and you know a lot about it, you could make money by managing the writers and information for that city. We are a growing company, so therefore we could always use new city franchisers from all over the world. The franchiser will be responsible for the quality of the continuous information stream, written by the city writers. This could be a good opportunity to develop your managing skills and you will get direct feedback from the site visitors related to the bookings made on your city bookings page.&lt;br /&gt;
&lt;br /&gt;
 &lt;br /&gt;
&lt;br /&gt;
If you are interested in this job or know someone who might be interested, please feel free to mail Visitopia at &lt;a href=&quot;mailto:annateklinska@visitopia.com&quot;&gt;annateklinska@visitopia.com&lt;/a&gt; or sign up on &lt;a href=&quot;http://www.visitopia.com.&quot; target=&quot;_blank&quot;&gt;www.visitopia.com.&lt;/a&gt; &lt;br /&gt;
&lt;br /&gt;
 &lt;br /&gt;
&lt;br /&gt;
Thanks for your interest in Visitopia.com!</description>
                                        <comments>http://www.alloexpat.com/puerto_rico_expat_forum/viewtopic.php?p=4091#4091</comments>
                                        <author>annateklinska</author>
                                        <pubDate>Fri Feb 02, 2007 9:17 am</pubDate>
                                        <guid isPermaLink="true">http://www.alloexpat.com/puerto_rico_expat_forum/viewtopic.php?p=4091#4091</guid>
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                                        <title>Jobs in soccer's area</title>
                                        <link>http://www.alloexpat.com/puerto_rico_expat_forum/viewtopic.php?p=3963#3963</link>
                                        <description>&lt;br /&gt;
                                      Author: &lt;a href='http://www.alloexpat.com/puerto_rico_expat_forum/profile.php?mode=viewprofile&amp;u=15159'&gt;Carlos3&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;
                                      Posted: Tue Nov 28, 2006 12:59 pm&lt;br /&gt;&lt;br /&gt;
                                      &lt;br /&gt;&lt;br /&gt;
                                      I'm a soccer trainer and I'm looking for a job in soccer's area in Puerto Rico.&lt;br /&gt;
&lt;br /&gt;
I have many years of experience with children and teenagers.&lt;br /&gt;
&lt;br /&gt;
I'd like to work for schools, clubs or private companies.&lt;br /&gt;
&lt;br /&gt;
In any part of the country.&lt;br /&gt;
&lt;br /&gt;
I appreciate if anyone can help me with some link or other informations.&lt;br /&gt;
&lt;br /&gt;
&lt;br /&gt;
Thanks.</description>
                                        <comments>http://www.alloexpat.com/puerto_rico_expat_forum/viewtopic.php?p=3963#3963</comments>
                                        <author>Carlos3</author>
                                        <pubDate>Tue Nov 28, 2006 12:59 pm</pubDate>
                                        <guid isPermaLink="true">http://www.alloexpat.com/puerto_rico_expat_forum/viewtopic.php?p=3963#3963</guid>
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                                        <title>EMPLOYMENT IN PUERTO RICO / PUERTO RICO EMPLOYMENT GUIDE</title>
                                        <link>http://www.alloexpat.com/puerto_rico_expat_forum/viewtopic.php?p=3938#3938</link>
                                        <description>&lt;br /&gt;
                                      Author: &lt;a href='http://www.alloexpat.com/puerto_rico_expat_forum/profile.php?mode=viewprofile&amp;u=14579'&gt;Puerto Rico Info&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;
                                      Posted: Sun Nov 19, 2006 10:37 pm&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;EMPLOYMENT IN PUERTO RICO&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
If you do not have a job, before you have arrived, make sure you have done your resume (curriculum vitae) and that you have copies of all relevant documentation, such as up to date references. For applicants of 18 years or more; some employers may require a Certificate of Good Behavior/Certificate of No Criminal Conviction, which is issued by the Puerto Rico Police Department.&lt;br /&gt;
&lt;br /&gt;
There are different methods to find a job in Puerto Rico. Below are a few tips:&lt;br /&gt;
&lt;br /&gt;
    * Ask for job leads from: family members, friends, people in the community, and staff at career centres.&lt;br /&gt;
&lt;br /&gt;
    * Knock on the doors of any employers, factories, or offices that interest you, whether or not they have vacancies.&lt;br /&gt;
&lt;br /&gt;
    * Use the Yellow Pages to identify areas that interest you in or near the town or city where you live and then call the employers in that field to find out whether they are hiring for the position that you can do -- and do well. &lt;br /&gt;
&lt;br /&gt;
You can also find lots of job offers in newspapers, specialist magazines and on the Internet. Although you may find a job through one of the many Internet job search sites, the best use of the Internet is to research companies you may want to work for.&lt;br /&gt;
&lt;br /&gt;
If you're looking for employment in Puerto Rico, these web sites can help you in your job search.&lt;br /&gt;
&lt;br /&gt;
    * SuperPagesPR.com&lt;br /&gt;
    * Yellowpagespr.com&lt;br /&gt;
    * Empleos en Puerto Rico by Dubina.com</description>
                                        <comments>http://www.alloexpat.com/puerto_rico_expat_forum/viewtopic.php?p=3938#3938</comments>
                                        <author>Puerto Rico Info</author>
                                        <pubDate>Sun Nov 19, 2006 10:37 pm</pubDate>
                                        <guid isPermaLink="true">http://www.alloexpat.com/puerto_rico_expat_forum/viewtopic.php?p=3938#3938</guid>
                                      </item>
                                      <item>
                                        <title>DOING BUSINESS IN PUERTO RICO / PUERTO RICO BUSINESS GUIDE</title>
                                        <link>http://www.alloexpat.com/puerto_rico_expat_forum/viewtopic.php?p=3937#3937</link>
                                        <description>&lt;br /&gt;
                                      Author: &lt;a href='http://www.alloexpat.com/puerto_rico_expat_forum/profile.php?mode=viewprofile&amp;u=14579'&gt;Puerto Rico Info&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;
                                      Posted: Sun Nov 19, 2006 10:28 pm&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 PUERTO RICO&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: Obshchestvo s Ogranichenoi Otvestvenosti&lt;br /&gt;
Minimum Capital Requirement: 0&lt;br /&gt;
City: San Juan&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.	Check the uniqueness of the company name.&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.	Register the company at the Puerto Rico Department of State and obtain a business certificate.&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
Time to complete:	1 day&lt;br /&gt;
&lt;br /&gt;
Cost to complete:	USD 100 + USD 10 for the issuance of the Certificate of Existence&lt;br /&gt;
&lt;br /&gt;
Comment:	The company's certificate of incorporation is filed at the Corporations Division (Departamento de Estado - División de Corporaciones), PO BOX 3271, San Juan, P. R. 00904-3271. The certificate of incorporation generally sets forth the basic business purposes of the corporation, the address of the corporation, the number of shares in each authorized class of stock and the rights of stockholders in each of these classes. A corporation may be incorporated, come into existence and begin business operations within the same business day if all documents are duly filed.&lt;br /&gt;
&lt;br /&gt;
The fee schedule is as follows: $0.01 for each share of authorized capital with par value up to 20,000 shares (the law assigns a $100 par value to each share for purposes of this computation); $0.005 for each share over 20,000 up to 200,000; $0.002 for each share over 200,000; $0.005 for each share of authorized capital without par value up to 20,000 shares; $0.0025 for each share over 20,000 up to 2,000,000; $0.002 for each share over 2,000,000. Minimum charge are $100.&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Procedure 3.	Apply for an employer identification number (EIN) with the Internal Revenue Service of the United States.&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;
Comment:	Social security and medicare taxes are collected by the Federal government through the Internal Revenue Service of the United States of America. EIN is used for all tax purposes.&lt;br /&gt;
&lt;br /&gt;
Notify the EIN to the P. R. Treasury Department (Form 4809). Each employee must fill the form 499-R-4, regarding the P. R. Tax Withholding.&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Procedure 4.	Apply for a municipal business license (patente municipal).&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;
Comment:	A Commonwealth law establishes the right of every municipality to impose and collect Municipal License Taxes (Patentes Municipales). The tax is based on volume of business. Most for-profit activities that generate revenues in excess of $5,000 per year are covered. File the application with the Director of Finances at City Hall (Director de Finanzas - Alcaldía Municipal).&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;&lt;br /&gt;
Procedure 5.	Request unemployment and disability account numbers from the PR Department of Labor and Human Resources (Departamento del Trabajo y Recursos Humanos).&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;
Comment:	Unemployment tax is administered by US IRS and PR Department of Treasury. Puerto Rico Disability taxes are imposed and administered by &amp;quot;Negociado de Seguro por Incapacidad No Ocupacional de los Trabajadores&amp;quot; (SINOT).&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Procedure 6.	Subscribe to a workmen's insurance policy.&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;
Comment:	The policy is issued by Corporación del Fondo de Seguro del Estado (State Insurance Fund Corp), telephone (787) 793-5959. Rates vary depending upon the type of activity.&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;Procedure 7.	File with the Registry of Merchants and Business, the Commercial Development Administration&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;
Comment:	According to the Mandatory Registry of Merchants and Businesses Act, Law No. 171 of August 12, 2000, all natural and juridical persons engages in business in Puerto Rico with annual sales in excess of US $50,000 (including service providers) must register in this Registry, maintained by the Commercial Development Administration. The informative return must be filed on or before January 15 of each year. The law's regulation (No. 6620) imposes some hefty fines for lack of registration.&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;font-weight: bold&quot;&gt;TAXES&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
Puerto Rico sales tax is 1.5%; however, there is a 5% jewelry tax. 11% tax on room charges in hotels with casinos, 9% tax on hotels without casinos, and 7% on small inns.&lt;br /&gt;
&lt;br /&gt;
All inbound shipments to Puerto Rico are subject to a local excise tax. Merchandise and/or articles arriving from the U.S. that will be sold, consumed, given away, and/or remain in Puerto Rico are subject to a 6.6% Puerto Rico excise tax that is calculated from the commercial invoice value. This is payable upon entry to Puerto Rico.&lt;br /&gt;
&lt;br /&gt;
Puerto Rico has it own tax system. Although it is modeled after the U.S. system, there are differences in law and tax rates.&lt;br /&gt;
&lt;br /&gt;
The Puerto Rico tax system is based on self-assessment. Taxes are paid to the state. In addition, a premium is paid to the Social Security. Individual taxpayers are required to file an annual income tax return when minimum-income thresholds are met. They report taxable income and deductions, compare their final tax liability to any income tax withheld or estimated tax paid, and determine any balance due or overpayment of tax due from the Treasury. &lt;br /&gt;
&lt;br /&gt;
For information about the filing taxes in Puerto Rico contact the Bureau of Income Tax at the following address:&lt;br /&gt;
&lt;br /&gt;
    Negociado de Asistencia &lt;br /&gt;
    Contributiva y Legislación &lt;br /&gt;
    Departmento de Hacienda &lt;br /&gt;
    P.O. Box 565 &lt;br /&gt;
    San Juan, Puerto Rico 00902-6265. &lt;br /&gt;
    The telephone number is (787) 721-2020, extension 3611.</description>
                                        <comments>http://www.alloexpat.com/puerto_rico_expat_forum/viewtopic.php?p=3937#3937</comments>
                                        <author>Puerto Rico Info</author>
                                        <pubDate>Sun Nov 19, 2006 10:28 pm</pubDate>
                                        <guid isPermaLink="true">http://www.alloexpat.com/puerto_rico_expat_forum/viewtopic.php?p=3937#3937</guid>
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                                        <title>japanese firm seeks business partners</title>
                                        <link>http://www.alloexpat.com/puerto_rico_expat_forum/viewtopic.php?p=2872#2872</link>
                                        <description>&lt;br /&gt;
                                      Author: &lt;a href='http://www.alloexpat.com/puerto_rico_expat_forum/profile.php?mode=viewprofile&amp;u=-1'&gt;Anonymous&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;
                                      Posted: Sat Mar 18, 2006 6:52 pm&lt;br /&gt;&lt;br /&gt;
                                      &lt;br /&gt;&lt;br /&gt;
                                      japan based hair and cosmetics firm seeks hair salon/hair industry business partners to develop its new, revolutionnary and unique concept of STRAIGHT HAIR PERM using high quality and 100% safe products. &lt;br /&gt;
high potential of development. &lt;br /&gt;
cdrom of demonstration can be sent on request along with complete info. &lt;br /&gt;
contact &lt;a href=&quot;mailto:sandy77860@hotmail.com&quot;&gt;sandy77860@hotmail.com&lt;/a&gt;</description>
                                        <comments>http://www.alloexpat.com/puerto_rico_expat_forum/viewtopic.php?p=2872#2872</comments>
                                        <author>Anonymous</author>
                                        <pubDate>Sat Mar 18, 2006 6:52 pm</pubDate>
                                        <guid isPermaLink="true">http://www.alloexpat.com/puerto_rico_expat_forum/viewtopic.php?p=2872#2872</guid>
                                      </item>
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                                        <title>Multi Level Marketing</title>
                                        <link>http://www.alloexpat.com/puerto_rico_expat_forum/viewtopic.php?p=2757#2757</link>
                                        <description>&lt;br /&gt;
                                      Author: &lt;a href='http://www.alloexpat.com/puerto_rico_expat_forum/profile.php?mode=viewprofile&amp;u=-1'&gt;Anonymous&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;
                                      Posted: Sun Mar 05, 2006 11:40 pm&lt;br /&gt;&lt;br /&gt;
                                      &lt;br /&gt;&lt;br /&gt;
                                      &lt;img src=&quot;images/smiles/icon_lol.gif&quot; alt=&quot;Laughing&quot; border=&quot;0&quot; /&gt;  Exciting prospect...... &lt;a href=&quot;http://www.working-from-home.biz/3592&quot; target=&quot;_blank&quot;&gt;www.working-from-home.biz/3592&lt;/a&gt;   &lt;img src=&quot;images/smiles/icon_lol.gif&quot; alt=&quot;Laughing&quot; border=&quot;0&quot; /&gt;</description>
                                        <comments>http://www.alloexpat.com/puerto_rico_expat_forum/viewtopic.php?p=2757#2757</comments>
                                        <author>Anonymous</author>
                                        <pubDate>Sun Mar 05, 2006 11:40 pm</pubDate>
                                        <guid isPermaLink="true">http://www.alloexpat.com/puerto_rico_expat_forum/viewtopic.php?p=2757#2757</guid>
                                      </item>
                                      <item>
                                        <title>FX Currency Trading / Forex FX Trading Online - Know More</title>
                                        <link>http://www.alloexpat.com/puerto_rico_expat_forum/viewtopic.php?p=2576#2576</link>
                                        <description>&lt;br /&gt;
                                      Author: &lt;a href='http://www.alloexpat.com/puerto_rico_expat_forum/profile.php?mode=viewprofile&amp;u=2'&gt;admin&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;
                                      Posted: Thu Feb 09, 2006 9:59 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: 24px; line-height: normal&quot;&gt;Forex Trading – FX Trading&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
&lt;br /&gt;
FX Currency Trading / Forex FX Trading Online - Know More&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;color: green&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: green&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;&quot;interbank&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;
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&lt;span style=&quot;color: green&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 &quot;majors&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 &quot;immediately&quot; or on the spot. In practice this means within two banking days.&lt;br /&gt;
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&lt;span style=&quot;color: green&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 &quot;Trading Conditions&quot; found in the top right-hand corner of the Account Summary.&lt;br /&gt;
&lt;br /&gt;
&lt;span style=&quot;color: green&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 &quot;majors&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 &quot;Trading Conditions&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: green&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 &quot;Trading Conditions&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 &quot;pips&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: green&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: green&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;
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&lt;span style=&quot;color: green&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: green&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;&quot;Overthe counter&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' &quot;All About the Foreign Exchange Markets in the United States&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.bankofengland.co.uk&quot; target=&quot;_blank&quot; class=&quot;postlink&quot;&gt;Bank of England&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;&quot;SNIPER&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 &quot;We focus on you, so you can focus on the markets&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/puerto_rico_expat_forum/viewtopic.php?p=2576#2576</comments>
                                        <author>admin</author>
                                        <pubDate>Thu Feb 09, 2006 9:59 am</pubDate>
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                                        <title>Financial Services, Planners, Offshore Banking - Know More</title>
                                        <link>http://www.alloexpat.com/puerto_rico_expat_forum/viewtopic.php?p=2575#2575</link>
                                        <description>&lt;br /&gt;
                                      Author: &lt;a href='http://www.alloexpat.com/puerto_rico_expat_forum/profile.php?mode=viewprofile&amp;u=2'&gt;admin&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;
                                      Posted: Thu Feb 09, 2006 9:19 am&lt;br /&gt;&lt;br /&gt;
                                      &lt;br /&gt;&lt;br /&gt;
                                      &lt;span style=&quot;color: orange&quot;&gt;&lt;span style=&quot;font-weight: bold&quot;&gt;Financial Services, Planners, Offshore Banking - Know More&lt;/span&gt;&lt;/span&gt;&lt;br /&gt;
&lt;br /&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 mutiple 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: darkred&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: darkred&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/puerto_rico_expat_forum/viewtopic.php?p=2575#2575</comments>
                                        <author>admin</author>
                                        <pubDate>Thu Feb 09, 2006 9:19 am</pubDate>
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