Monthly Archives: April 2010

Incorporating Fibonacci Retracements into Your Forex Trading Strategy

You began trading the forex market because you wanted to make money in one of the most lucrative markets in the world. However, to make a consistent profit trading currencies, a successful trader relies on different strategies and software to navigate the ebbs and flows of the foreign currency exchange. Here, we will focus on Fibonacci trading strategies, named after Italian mathematician Leonardo Fibonacci. Fibonacci retracements help traders identify how far the foreign currency rate will go before it begins stalling or falling.

Before I continue, let’s go over the very basics that will help you incorporate the Fibonacci strategy into your own forex strategies. Fibonacci numbers are easy to identify because they are a series of numbers when you add the first and second number, the answer will be the third number, and so on. For example, you add 1 and 2 to get 3, and 2 and 3 to get a total of 5. See if you can continue the sequence a few more digits.

You should have gotten; 1, 2, 3, 5, 8, 13, 21, 34, 55. Great, so what does this have to do with forex strategies and trading foreign currency? Well, these numbers will help you develop forex techniques that anticipate and take advantage when a particular currency changes trends. Common knowledge among traders on the currency exchange is that stocks often retrace a certain percentage of the previous move, usually 38.2%, 50%, and 61.8%, before it reverses. Your job as a trader is to watch these retracements and pull backs before determining if you want to open a long or short position.

Regardless of what trading strategy you utilize, Fibonacci retracements can help you identify trends, and act accordingly on them. When the foreign exchange rate begins to fall, or decrease in value, you can plot the levels on a chart (most automated forex software has a Fibonacci setting) and search for any signs that your stock is about to reverse.

As useful as Fibonacci retracements are, you shouldn’t rely on them as your only source for technical analysis. Don’t buy simply because the stock is at one of the common retracement levels; wait for another indicator to confirm what the Fibonacci patterns are telling you. Keep in mind that the task of plotting the Fibonacci patterns will be left up to each trader, but that most automated forex software does provide you assistance.

Incorporating a Fibonacci retracement pattern into any of your existing currency trading strategy is simple, just make sure you plot the lines and follow the information they are providing you. By adding Fibonacci patterns to your existing trading techniques, you can increase your accuracy for a near perfect graphical representation of how a particular currency is doing on the foreign exchange market.

The easiest way to get comfortable with Fibonacci retracements is to sign into your favorite forex trading website, and practice plotting retracement points. At first this pattern seems difficult, but after just a few moments most forex traders find themselves comfortably trading foreign currency using Fibonacci numbers.

Nick James Scam – business set up ideas

Stock Trading – You, The Dummy, And The Stock Market

Ok, so you want to dabble in the stock market.

Unfortunately, you don’t know how and where to begin. So what do you do? Well, the first relevant thing to do is ask the basic question of what is a stock and its significance.

Natalia Osorio Editor of the “Best Stock Trading” website — http://www.BestStockTradingUsa.com — pointed out;

“…A stock symbolizes ownership of a company. Some view stock as certificates. So the more stocks a person owns of a particular company, the more of the company they own. And the more the company they own, the bigger the influence they have in running the company. This is called equity investment. The next thing to do is familiarize yourself with financial terms such as ‘price-earnings ratio’, ‘margin’, ‘option’, ‘earnings per share’ and ‘leverage’. Then, it’s on to knowing where and how to actually buy stocks…”

There are two ways to buy stocks:

1. brokerage service
2. online exchanges (e.g. banks)

Exchanges are services that allow investors to access stocks all over the world. Here, they can buy and sell stocks without the need for a broker. Certain banks allow you to set up your own stock portfolio and buy and sell stocks online using the money you have in these banks.

Brokerage services are rendered by brokers. These middlemen do all the work for you. They research the stock market, give advice, and buy and sell stocks according to the wishes of their clients. These brokers earn a commission from the stocks bought or sold.

Once you have chosen how to buy and sell stocks, the next thing to do is to open an account. As stated earlier, exchanges allow you to monitor and control your stock portfolio personally. If you choose to enter the stock trade with a bank, then ask your bank the specifics of setting up your own account.

If you choose to trade stocks via a broker, find a reputable broker and ask them to open and manage an account for you.

After you have successfully set up an account, it’s time to study the stock market and plan your strategy: will you be conservative in investing your money? Or will you be aggressive? Are you in it for the long term? Or are you a day trader?

“…After you have identified your plan, it’s time to do some research on the stocks offered in the market. Having a broker will significantly make it easier for you as they will do the research and give you advice. But, it is still best to study the market yourself. Be warned though, the stock market is volatile. Be prepared for a roller-coaster ride…” N. Osorio added.

Comparing The United States Eb1 And Eb5 Visas

The fifth preference employment based visa (EB5) was created in 1990 as a way for foreign investors to gain United States permanent residency (and eventual citizenship if desired), through an investment in a new or pre-existing American business that sees the creation of at least 10 new full-time jobs for American workers. The first preference employment based visa (EB1) was also created as a part of the Immigration Act of 1990, but it depends on the immigrant being able to directly provide their unique ability or talent to the American workforce through their chosen profession. In this article we will take a closer look at the EB1 and EB5 visas and see how the two compare and contrast.

EB1 Visa – This visa requires that the immigrant in question have ‘extraordinary ability,’ be an ‘outstanding professor’ or a ‘muiltinational executive or manager.’ According to the government’s web page, these terms are defined as follows:

1) Extraordinary Ability – To be considered a person of extraordinary ability ou must be able to demonstrate extraordinary ability in the sciences, arts, education, business, or athletics through sustained national or international acclaim. Your achievements must be recognized in your field through extensive documentation. No offer of employment is required.

Required Evidence – You must meet 3 of the 10 Extraordinary Ability criteria below, or provide evidence of a one-time achievement (i.e., Pulitzer, Oscar, Olympic Medal).

2) Outstanding professors and researchers – To qualifty as an outstanding professor or researcher you must demonstrate international recognition for your outstanding achievements in a particular academic field. You must have at least 3 years experience in teaching or research in that academic area. You must be entering the United States in order to pursue tenure or tenure track teaching or comparable research position at a university or other institution of higher education.

Required Evidence – You must include documentation of at least two of the Outstanding prefessor or reaearcher criteria listed below and have an offer of employment from the prospective U.S. employer.

3) Multinational Manager or Executive – To qualify under this category you must have been employed outside the United States in the 3 years preceding the petition for at least 1 year by a firm or corporation and you must be seeking to enter the United States to continue service to that firm or organization. Your employment must have been outside the United States in a managerial or executive capacity and with the same employer, an affiliate, or a subsidiary of the employer.

Required Evidence – Your petitioning employer must be a U.S. employer. Your employer must have been doing business for at least 1 year, as an affiliate, a subsidiary, or as the same corporation or other legal entity that employed you abroad.

Extraordinary Ability Criteria: You must meet 3 out of the 10 listed criteria below to prove extraordinary ability in your field:

* Evidence of receipt of lesser nationally or internationally recognized prizes or awards for excellence
* Evidence of your membership in associations in the field which demand outstanding achievement of their members
* Evidence of published material about you in professional or major trade publications or other major media
* Evidence that you have been asked to judge the work of others, either individually or on a panel
* Evidence of your original scientific, scholarly, artistic, athletic, or business-related contributions of major significance to the field
* Evidence of your authorship of scholarly articles in professional or major trade publications or other major media
* Evidence that your work has been displayed at artistic exhibitions or showcases
* Evidence of your performance of a leading or critical role in distinguished organizations
* Evidence that you command a high salary or other significantly high remuneration in relation to others in the field
* Evidence of your commercial successes in the performing arts

Outstanding Professor or Researcher Criteria:

* Evidence of receipt of major prizes or awards for outstanding achievement
o Evidence of membership in associations that require their members to demonstrate outstanding achievement
o Evidence of published material in professional publications written by others about the alien’s work in the academic field
o Evidence of participation, either on a panel or individually, as a judge of the work of others in the same or allied academic field
o Evidence of original scientific or scholarly research contributions in the field
o Evidence of authorship of scholarly books or articles (in scholarly journals with international circulation) in the field

Application Process

* Extraordinary Ability: You may petition for yourself by filing a Form I-140, Petition for Alien Worker.
* Outstanding Professors and Researchers: Your employer must file a Form I-140, Petition for Alien Worker.
* Multinational Manager or Executive: Your employer must file USCIS Form I-140, Petition for Alien Worker.

EB5 Visa – In stark contrast to the EB1 visa, lays the EB5 investor visa. According to the government’s web page, to qualify for the EB5 visa program you must:

1) Invest or be in the process of investing at least $1,000,000. If your investment is in a designated targeted employment area (A Targeted Employment Area is defined by law as “a rural area or an area that has experienced high unemployment of at least 150 percent of the national average.) then the minimum investment requirement is $500,000.

2) Benefit the U.S. economy by providing goods or services to U.S. markets.

3) Create full-time employment for at least 10 U.S. workers. This includes U.S. citizens, Green Card holders (lawful permanent residents) and other individuals lawfully authorized to work in the U.S. (however it does not include you (the immigrant), or your spouse, sons or daughters).

4) Be involved in the day-to-day management of the new business or directly manage it through formulating business policy – for example as a Limited Partner, corporate officer or board member.

We see in this comparison that despite the EB1 and EB5 both being employment based visas, they are very different in nature and offer disparate paths to a green card visa. While the EB1 requires significant personal accomplishment, education and/or experience along with the promise of a direct contribution to the American workforce by the immigrant in question, the EB5 visa relies on an immigrant’s investment to create new full-time American jobs for that workforce.