Wednesday, November 19, 2008

Take Advantage of Automated Forex Trading System

Automated forex trading is no longer a new idea to the players in this field.

Forex trading, or foreign exchange trading, is simply the buying and selling of the world's currencies. You buy when that currency is low, you sell when it is high, and you make a profit.

How To Profit from Forex

•Example: Suppose you had S$1000 and bought Malaysia RM when the exchange rate was 2.22RM to the Sing dollar. You would then have 2200 RM. If the value of Sing Dollar against the RM increased to 2.21, then you would sell (exchange) your RM for Sing dollars. In this way, you have just made RM100.

The concept of forex trading may sound simple, but the actual process is filled with complexities. The forex market moves at a fast pace, and changes occur from time to time. An automated forex trading system can be just what you need to keep up.

An automated forex system, as said by its name, works to automate the process of currency trading. Probably to some people, a more hands-on, manual approach might seem like the best way to go. However, the benefits of using an automated system are something most players will not pass by.

1. It Never Sleeps
The forex market is a restless market. It is live 24 hours a day and 7 days a week.

What about you? As an average person, you need to sleep, to eat, to entertain, to shop, to pick up your kids from school. There is no way you can monitor everything that happens on the forex market, all hours of the day and night, manually.

This is exactly where the automated forex system comes into play. It does not require breaks, and It can monitor the market changes restlessly. Even while you are sleeping, brushing your teeth, or running errands, your automated system can be making money for you.

2. It is a Multi-Tasker
The forex market moves fast and, sometimes, a lot of different things can happen at once. Even if you are sitting in front of your computer, diligently monitoring the market, you can still end up missing amazing opportunities.

This is not a problem for an automated forex system. No matter how fast something happens, no matter how many different things happen at the same time, your automated trading system will still keep track.

3. Emotions Can Not Find Their Ways In
Admitted, emotions can sometimes stop people from making rational decisions. On the forex market, where making the right split second decisions can mean the difference between making and losing money, being impulsive, indecisive, unsure, or rash can do you financial harm.

Automated forex trading can bring currency trading to the next level. Because of such, the number of automation software is on the rise in the market. You should do yourself a favour by checking out some really good ones, as the benefits an automated system will bring about are just an asset you can not afford to live without.

If you are interested , Drop me a mail @ kaymondchin@gmail.com

What is Naked Short Selling?

What is Naked Short Selling?

by: jarberman

Naked short selling or naked shorting is an illegal stock trading practice, in which investors sell a particular stock which they do not possess and can not borrow. In capital markets, this practice is called Fail to Deliver (FTD), since the seller fails to deliver the shares to the buyer. In ordinary short selling, an investor borrows shares, which he believes overvalued, and then sells in open market. If you do so, you may make profits by buying the same shares once the share price declines after sometime. Normally, overvalued stocks fall and recover after some time. In a naked short selling, the sellers do not borrow stocks and do not intend to borrow the shares to make the delivery within the required three-days time period. The sellers fail to deliver the particular stock which they are supposed to deliver, resulting in 'failure to deliver.' It is widely believed that some professional investors and hedge funds are involved in naked short selling by using loop holes in the stock trading system.

How does Naked Short Selling work?

In a naked short selling, the sale is processed without the possession of the stock by the seller. Although naked short selling is illegal, it is legal under certain circumstances. For example, if you are a market maker who needs to provide shares for a stock which has limited liquidity, naked short selling becomes legal. This 'fail to deliver' system can create widespread deterioration in micro-cap stocks. The investors with short positions may pick on small emerging companies and cause their stocks to plummet. This would also induce investors with long positions in micro-cap stocks to abandon their positions. However, some on Wall Street believe that naked short selling is promoted by the owners of small public companies in order to divert investor attention from corporate issues and regulatory problems surrounding them.

Naked short selling may have a negative effect on the entire stock market, since the fraudulent investors can use naked short selling as an instrument to manipulate the market. Many of these illegal trades go unpunished, since only those investment companies, which are the members of the NASD are required to comply with delivery rules.

North American Securities Administrators Association (NASAA) recently commented that there has been no substantial evidence that naked short selling exists. NASAA was established to monitor the functioning of Reg SHO, a regulatory body established to modernize naked short selling rules. The Depository Trust & Clearing Corporation (DTCC), which provides clearance, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, money market instruments and over-the-counter (OTC) derivatives transactions, said recently that 9 of the 12 cases filed against it by the plaintiffs are either dismissed or withdrawn. DTCC, however, did not deny the existence of naked short selling.

Source : http://www.streetdirectory.com

Ray

An automatic and automated forex trading system

Forex trading has gained tremendously in interest and popularity in recent years mostly due to the introduction of automatic and automated forex trading systems. The market that was open to banks and similar big financial institutions is now luring medium and even small investors.
Forex market is the place where currency of one country is traded for currency of another country. These trades happen round the clock with transactions of billions or perhaps trillion of dollars everyday, making it one of the largest and most active financial markets.

With the advent of the internet, network, communication technologies, and sophisticated automated forex trading systems, participating in the forex market is now open to virtually anyone having a computer, an internet connection, a forex brokerage account and a good trading platform.

But staying on top of a forex position requires constant monitoring, as this global market is practically open round the clock. Automatic and automated forex trading systems is a tool that lets you specify a currency, an asking price, and a selling price beforehand. With a small seed amount and with the help of a broker, your purchase and sell orders will be executed instantly.

An automatic and automated forex trading system allows you to benefit from the profitability of the forex market without having to become an expert in trading. In automated trading through managed accounts, the trading program or human experts executes the trades for you.

With a reliable auto trading platform, you are not required to do the actual trading yourself and therefore you save your time. And if you can watch the market constantly, you can mange multiple accounts from your trading platforms, simultaneously, which was never possible with manual trading. Automated forex trading systems present advantage of trading multiple systems and multiple markets.

An automatic and automated forex trading allow your trades to be made at any time of the day or night, regardless of your presence. You do not miss a single profitable trade even if you are not present in front of your computer terminal.

An automatic and automated forex trading helps you in taking advantage of multiple forex strategies and different systems. Because different systems are designed to be triggered by different trade indicators, you can diversify your investment as well as your risk.

An automatic and automated forex trading also eliminates human emotions and psychology that can often affect proper and profitable trading decisions. With an automatic and automated forex trading system, you will be capable of monitoring many currency pairs at a time and you can follow and execute all of them.

But, even with automatic forex trading systems, you will have to learn the basics of the forex trading, methods of fundamental and technical analysis, market indicators, etc. for enjoying consistent profits.

Just being automated, the trading system never guarantees you success as the market is influenced by many variables and parameters. The forex automated system is not just mechanical, but is fully programmable and you can customize them according to your needs.

Source : http://www.streetdirectory.com

Ray

Wednesday, November 12, 2008

What is FOREX?

What is FOREX?

•It's the largest financial market in the world
•It's the most liquid market
•It trades 24 hours five days a week, around the world
•You can trade from just a few cents, dollars or thousands per trade...It's versatile to fit every type of investor
•Profits In Both Raising & Falling Markets

“Give an Average Trader tomorrow’s prices today and he will still find a way to lose money…”

Is There Really A Holy Grail To Forex Investing?

Not Really….

But Is 50% To 80% Returns a Year Good Enough For You?

No matter how the market moves, you earn

•The Hedgecow aproaches Forex from a whole new perspective!
•Hedgecow Strategy approaches FOREX trading from a "Probability and Mathematical Perspective".
•With the right mathematical formula, together, the odds of success are fixed strongly in our favour.
•The Hedgecow creates a calculated plan where the trade can be WRONG 20 times in a row - and still make a profit!

What The Hedgecow Forex Program is NOT?

•The Program is not a “Get Rich Quick Scheme:
•The Program can help achieve substantial income growth over time
•Learning To Trade
•Technical Analysis
•Fundamental Analysis
•Indicators

The Hedgecow Forex Program

•Hedgecow Forex Program provides investors with an alternative investment opportunity in the FOREX market that is designed for Capital Preservation, Capital Appreciation and Diversification.
•Its mission is to obtain returns far exceeding the returns associated with other money-market investments, while maintaining a solid risk/reward ratio
•Its purpose is to make it available to all people who have little or no experience about Forex with its 101% Hands-Free Fully Automated feature.

With The Hedgecow Forex Program, There is…

•NO need to analyze the market and still make consistent profits
•NO guesswork
•NO steep learning curve
•NO market data to compile or charts to analyze
•NO complicated computing or calculating to do
•NO need to monitor price activity for hours at a time
•NO tricky timing decisions to make
•NO confusing high tech technical indicators.
•NO crossing of fingers
•No need to hope

The Hedgecow Forex Program

•The Hedgecow Forex Program runs on a plugged-in software called Hedgecow
•The Hedgecow is written in the programming language MetaQuotes Language 4 (MQL4) and is then plugged-in on a Metatrader 4 (MT4) platform

The Concept

•The Hedgecow Strategy is a probability (expectancy) based System using what is called an “Episode of Trades" that runs until a Profit Target is ultimately reached.

An Episode of Trades means that each time our Stop Loss is hit, the next trade would be:

1.In the opposite direction
2.The Stop Loss and Take Profit settings would remain
3.Lot sizes increase

An Episode Of Trades continues, Buying or Selling, while increasing Lot sizes on each position until the Take Profit is ultimately hit.

For example, we open a BUY on EURUSD at 1.3500. Our Stop Loss is set to 10 Pips at 1.3490 and our Take Profit is set to 40 Pips at 1.3540.
This is called our INITIAL ENTRY in the Episode.

If our Take Profit is hit we then wait for a new Entry Signal and begin again.

But if our Stop Loss is hit, then our next trade would be a SELL (assuming Initial Entry was a Buy) which we would enter at Market Price as soon as our Stop Loss is triggered. Lot sizes increase

This new Sell position would have the same Take Profit = 40 and Stop Loss = 10 settings as the Initial Entry.

This Episode Of Trades continues each time our Stop Loss is hit, with the resulting trade going in the opposite direction of the previous trade. Lot sizes increase

This is not some fancy theoretical idea...

Summary
•The Hedgecow does not rely on our being consistently correct on the Market's direction, but enables us to profit both when we are RIGHT and also when we are WRONG.
•The Strategy relies on volatility, not on making correct predictions.
•This is essentially a Day Strategy with trades generally lasting less than a day or two.

Profits In Both Raising & Falling Markets
•Currencies are traded in pairs, for example Euro/Dollar. Every position means the selling of one currency and the buying of another.

How To Profit from Forex
•Example: Suppose you had S$1000 and bought Malaysia RM when the exchange rate was 2.22RM to the Sing dollar. You would then have 2200 RM. If the value of Sing Dollar against the RM increased to 2.21, then you would sell (exchange) your RM for Sing dollars. In this way, you have just made RM100.

So What Are The Returns & Risks for the Hedgecow Forex Program?

The Risk

32% LOSS OF YOUR CAPITAL IF THE HEDGECOW CONTRACTED THE “HEDGE COW DESEASE”!

BUT what are the odds to lose 24 straight trades and get your account blown away by 32%?

Probability Table



You have to be that LUCKY
to be that UNLUCKY!

The odd is 1 in 17 Million !!
Potential Returns for the Hedgecow Forex Program
For example:

•Account Size: USD$10,000
•Based on an average of 12 level profit each day
•-$46 X 15 Trading Days = $690 Per Month
•-That EQUATES to a 6.9% Returns Per Month
•-Multiply that by 12 Months = 82.8% Per Annum
Risks Vs Rewards
•Max 32% RISKS Vs *80%+ RETURNS
•Remember…You only hit 32% loss with a 1 in 17,0000 odds… How lucky can you be?
Hedgecow Forex Program

•Min Investment Capital: USD$1000
•(This Capital is to your own Broker)
• Expected Returns p.a: Up to 80% or More*
•Risk: Low (Based on Probability Table)
•Maximum Risk: 32% (Odds is 1 in 17,000,000)
•Management Fees: Nil
• Annual Subscription:AFFORDABLE!
30 Day - Money-Back Guarantee

Ray
Got enquires ? Feel free to email me @ mingjie_raymond@yahoo.com.sg

Monday, June 30, 2008

There is no better time than right now to be happy. Happiness is a journey, not a destination. JY JY ^^
Ray

Sunday, June 1, 2008

Recent Pics


Johnny currently in RESERVICE in china LOL





the most happening uncle i know

Mr leslie



Mr Ken


Me

Gay boy









Sunday Mac

Woke up , recieved a call from dad to buy 4 D ......
Anyway after tat bought mac for me my sis and her bf , Nice sia .
Big Breakfast rockz ^^ i'm loving it !!!


Ray

Tuesday, May 27, 2008

Nothing

Found this in mabel's blog , think she got it from the laochabor blogspot.

Anyway quite true lar haha ! except the 品味第一名 , this i dun think so ba haha


獅子座.

自信第一名,愛現第一名,要面子第一名,品味第一名,風度第一名。


Ray

Saturday, May 24, 2008

Tired

3 hrs of sleep yesterday , went to work whole day , futsa at east coast at 12am till 2am tired sia !!!!!!!!!

Need rest

Ray

Thursday, May 22, 2008

China Earthquake Appeal

Where to donate

Members of the public who would like to contribute towards the Red Cross China Earthquake Appeal can make their donations through the following:

Cash/Walk-in Donations

Walk-in donations can be made at the Singapore Red Cross Society, 15 Penang Lane, Singapore 238486.

For more information, please call the Singapore Red Cross at 6334-9152/53 or email china.enquiry@redcross.org.sg.

Cheque Donations

Cheque can be made payable to:Singapore Red Cross Society

Please indicate behind the cheque:1) Name, Organisation (if applicable), Mailing Address and Contact Numbers2) For Red Cross China Earthquake Appeal

An official receipt (Donation is not tax deductible) will be issued.

Send the cheque to:Singapore Red Cross Society15 Penang Lane, Singapore 238486

*Singpost waives postage for cheque donations to Singapore Red Cross

UOB Internet Banking
1) Login to UOB Personal Internet Banking
2) Click on "Bill Payment" on the left menu
3) Click on "Pay Bills" on the left menu
4) Click on "New Bill" on the main screen
5) Select "Red Cross China Earthquake" from the drop down menu of the payee corporations list
6) Enter telephone number as the Bill Reference Number
7) Enter the debiting account to debit donation
8) Enter the donation amount
9) Click on "Confirm" button to approve payment

UOB Cheque Donations

Donations by cheque can be dropped at the UOB's cheque deposit boxes.Cheques should be crossed and made payable to "Red Cross - China Relief Fund".

DBS/POSB Fund Transfer
1) Insert your ATM card and enter PIN. Select "More Services"
2) Select "Credit Card/Bill Payment"
3) Key in "99" Other Corporation
4) Key in "99" again
5) Key in "18" for Red Cross China Earthquake
6) Indicate your contact number as the Bill Reference Number.
7) Select account type
8) Enter donation amount
9) Press "Confirm" to complete transaction

DBS Internet Banking
1) Log on to DBS iBanking,
2) Go to "Payment Services"
3) Under "Bill Payment",
4) Select "RedCross China Earthquake"
5) Indicate your contact number as the Consumer Reference Number

AXS Stations

Members of the public can donate at all AXS stations islandwide.

OCBC ATMs
Step 1: Select “OTHER SERVICES”
Step 2: Select “BILL PAYMENT”
Step 3: Select “PAY TO GOVT / STAT BOARD”
Step 4: Select account to debit from
Step 5: Enter donation amount
Step 6: Enter account number type to debit from (for customers with more than 1 account)
Step 7: Enter bill code “7771” for CHINA EARTHQUAKE (to contribute to the Red Cross China Earthquake appeal)
Step 8: Transaction completed.
Please keep transaction receipt for reference
Note: Above applicable to both OCBC and FairPrice Plus cards.
Above information is also displayed at the ATMs

OCBC Internet Banking
Step 1: Login at www.ocbc.com
Step 2: Select ‘BILL PAYMENT’ >> ‘BY ACCOUNT’
Step 3: Select CHINA EARTHQUAKE (to contribute to the Red Cross China Earthquake appeal)Step 4: Enter your contact number at BILL REFERENCE NO. field
Step 5: Provide rest of the payment details & click on PREVIEW >>
SUBMIT to complete the transaction.
Note: Above information is also available on OCBC website & within Internet Banking.

OCBC Mobile Banking
Step 1: Login to Secured Mobile Banking with your mobile phone
Step 2: Select Bill Payment >> Bill Payment to Billing organisations
Step 3: Select CHINA EARTHQUAKE (to contribute to the Red Cross China Earthquake appeal)Step 4: Enter your contact number at BILL REFERENCE NO. field
Step 5: Provide rest of the payment details & click on PREVIEW >>
SUBMIT to complete the transaction.
Note: Visit Mobile Banking Portal (mobile.ocbc.com) via your mobile phone for more information

OCBC Phone Banking
Step 1: Call 1800 – 363-3333 & select Language
Step 2 : Press 1 for Account Information, Funds Transfer & Other Account Related Services
Step 4 : Login with your Phone Code & Phone PIN
Step 6 : Press 3 for Bill Payment
Step 7 : Press 4 to select Other Organisation bills
Step 8 : Select ‘CHINA EARTHQUAKE’ (to contribute to the Red Cross China Earthquake appeal)
Step 9: When prompted for Bill Reference number, please enter your contact number and press # key
Step 10: Select Account type to debit from (if required) (e.g. Passbook Savings; Account with Statements)
Step 11: Enter Account Number or press 0# to select account number (if required)
Step 12: Enter amount and press # key
Step 13: Press 1 to confirm donation
OCBC Branches for cheque donations
Address the cheque or cashier’s order to “Singapore Red Cross Society”.On the reverse of the cheque, indicate insert “China Earthquake Appeal”, together with your name, telephone number(s), mailing address and organisation (if applicable).

Deposit these into the Quick Cheque Deposit boxes at any OCBC Branches.

Note: Above information is also available at all branches and at their Quick Cheque Deposit boxes.

Wednesday, May 21, 2008

Tired day

Was busy the whole freaking day , worked from 10am to 11.30pm.
Went for a little drink at Chambers with Weitan and ken, Yess more big gulp if u dun know wad's big gulp scroll down and see the pic.
Anyway finally reach home , neh not drunk but had lots of fun , lost a game to janice , had to send her home , hmm not really far only jurong east nia LOL .
Haven been myself lately , may be i am thinking too much , giving myself too much stress.
Seriously i should get myself a puppy , then i can spend all on attention on it LOL.

Ray
Life still goes on !!!

Wednesday, May 14, 2008

HoeGaarden !!!




The first person who introduced me Hoegaarden was Marcus.

History of Hoegaarden

The art of white beer brewing was thanks to the work of monks living in the small Belgian town of Hoegaarden, they discovered the recipe in 1445 (as the bottle suggests). Hoegaarden's monks were so good at their job of making beer and wine that at one point in time there was over 30 small farmhouse breweries in the small town which is less than a hour away from the well known Brussels. However there was great odds against these white beer breweries, with the competition from the lager industry and both World Wars causing theft from them. The last Hoegaarden brewery closed down in 1957.

However nine years later, a milkman by the name of Pierre Celis, who was talking with his friends about how they missed the old white beer. With this Pierre Celis who used to live next door to the brewery decided it was time to bring back the style. With financial help from his father and brewing help from a veteran brewer he started a small farmhouse brewer he called, The Cloister (or more commonly known as De Kluis, in Flemish).

The success of his revival of this great beer was shown by the amount of production. It was just 350 hectolitres when it was opened in 1966, it then rapidly grew to about 75,000 hectolitres by 1985. This was a great achievement for the brewery, it was so successful that many other breweries attempted to brew their own white beers. They never managed to even rival the greatness of the original Hoegaarden though.

Once again disaster struck down on the white beer industry. Most of the plant was destroyed by a fire in 1985. To rebuild the plant Pierre Celis had to get extra investment, he found this with Interbrew, the company which also owns Stella Artois. These brewery giants eventually took over the Hoegaarden brewery in 1987.

Now Hoegaarden has a second brewhouse and production in 1997 was recorded as 855,000 hectolitres. There is now regular exports of the drink into Britain and it is rising in popularity greatly, with more and more pubs taking up the drink to sell.

The legend Pierre Celis, the creator of this amazing drink is still alive today. After selling to Interbrew he moved to Texas, America where he continued his great skill of brewing by opening a new brewery, the Celis Brewery, where he produced the beer, Celis white in his brewery in Austin, Texas.

Ray

Tuesday, May 13, 2008

last night was fun

Yeah last night we went to some chinese god de dinner with guys from work. Courtesy from Andy the "Lao Da"
LOL
Anyway there was this crazy bidding for some really rather strange items But best part was when there's this ang mo staying nearby , came over and start shouting at the MC asking him to keep the volume down Wahaha , i was really worried for him man , counting the number of drunk uncles and the unknown number of gangs among the group. Anyway tat ang mo left in anger and every one cheered LOL

Ray

Sunday, May 4, 2008

Pics taken recently

Not really in order But well these are the pics taken in the recent days and weeks






































































Ray