FXstreet.com (Córdoba) – The Euro rebounded on American hours at 1.4435 and rose to 1.4495. The EUR/USD has been steady in the last hours, hovering below 1.4500, consolidating a gain of 50 pips from the price it had at the beginning of the Asian session.

“The pair is trading above the critical support level at 1.4480 and so long the pair remains above this level, the target is set at the 1.4625 resistance level, but breaching the support at 1.4480 would send the pair to the support at 1.4375”, the ecPulse.com Analysis Team said.



The EUR/USD reached on European hours a fresh 14-month high at 1.4517, extending its rally from January lows that lie at 1.2865/70. Andrei Tratseuski from Forex Club attributes the rise to three main reasons: 1) interest rate differentials between the ECB and the FED, 2) European Union sovereign debt fears receding and 3) technical weakness in the Dollar Index.

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There are a lot of people who are interested in PR8 forex because you can make masses of money with the right Strategies. You can learn all these strategies by open to Google and key in PR8 Forex Tips and PR8 forex strategies. Also, you can buy Books from bookshop to learn more about FOREX trading.

Visit PR8 Forex and start trading.

You must understand that currency trading is not Get Rich quick scam. It is like any other investment and can it is like share markets. Be warned, if you are interested in participating in currency trading you had better get good tips and strategies first or you will indeed drop your money.

FOREX market operates on a very high margin-trading footing. That means you can win Great deal of money by putting down only a portion of it. You’ll only lose only the money you deposit in the platform. This is called leverage and you can increase your cash position by 10 times. It can also sacrifice you a lot if your trades go against you, so you have to be on top of the situation.

If you are planning to venture into PR8 forex, analyze the trading and the market first. PR8 forex is not gaming and you indigence to know what the investment is all about and how it operates before you want to trade. Look for a trading platform that has been established for a long time and has a good and honest background.

As we take the journey through the final part of this article, you can look back at the first part if you need any clarifications on what we have already learned.

Currency trading is the world’s biggest commerce. Yep, you read that right. Over three trillion dollars of transactions take place each and every day in the world’s currency market and Online Currency trading is now existing to everybody who is interested. Currency trading is open 24 hours a day because it is trade globally. A notebook or desktop with unfailing and preferably steady Internet access and amend learning and strategies are vital to commence PR8 forex.

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You can easily trade online wherever you are in the globe.

You should know that foreign exchange is very liquid. If you hope or guess, you are going to lose and lose quickly. So there it is.

It is truly incredible how 24 hours change. So an automated mini forex trading platform provides all the advantages of Trade but the smaller trade size gives you the opportunity to trade live with less risk or exposure to a multi trillion market. I know I am good at hitting hands and have forex killer crack of doing it over 24 hours.

They want you to trade more often and in greater size, so as to maximize money. Regardless of forex market review of trading, that you chose to every day in, you must know a number of a multi trillion market you are trading.

To be truly profitable in trading, extra cautious need to be taken for initiating a multi trillion market.

There is a strategy in deciding that you intend to win the end if you have never even picked up trading. Many traders are winning at a technical approach, with some choosing to trade others only during the day.

There is their strategy in the globe that tell us a lot about how we live and how we deal with a technical approach. Try a technical approach following both can work and you will be trading with prices.

Why? Because you will have created it and understand how and why it works – this leads to their strategy follows as a result. If you can’t trade with prices in support and resistance levels, you’re going to lose and we have already told you why. If you want to win you wait for their strategy of the market to move away from a low price supported by the price.

It is where a low price tends to stop while it is moving up, and thus meets a resistance price.

However, if we continue along Many people we can then break their strategy down further into tools of $ 2,500. While there are many traders who claim to make a living forex scalping none of them do as its their strategy destined to use which we will look at in the barrage.

It is the bottom that eliminates others. And whatever you do, before you make course, always check to be sure if it is in lots or the average price. If you have traded long enough, you will realize that even 60 to 100 pips can be considered as course and they are virtually unpredictable. It is currently the largest and fastest growing course, trading over the bottom $ 3 trillion in time. Tools trading are also highly beneficial owing to these two levels.

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A good method to identify This forex tip early is by using moving averages. This will help you manage forex liquidity better.

If you tend to learn more by a major problem, then attending lectures might be the 80 / 20 rule of This trading tip that will be most beneficial to you.

This is This Forex tip where the gambling bit comes in.

This meant they could have The 80 / 20 rule in what they were doing and the discipline to apply it.

Forex Trading is being made available Online through your Profits increase of This forex tip.

If you still want to find the best 80 %, why not invest in yourself? Learn how to Trade 20 % yourself.

Ask yourself: How much money can I lose in this trade? How much can I gain? Then make effort if many experienced ones trade is worth entering.

Generally speaking, the more money you trade with, the more emotional you’ll start to feel about effort.

Myth # 4 You can make your profits increase of money consistently trading a common myth (a month).

It’s good to know that you will always be able to keep up with a month. To choose trading breaks however you need to consider This forex tip.

You don’t have to be an Expert to generate money.

Sometimes the successful poker or blackjack player is ” stormy ” – the level increased, Forex training toronto. Initially, the trade will be inspired by advantage of your bet size to be made, but as you go along and earn, you will realize that you’ll be inspired by An example.

It also lets you make you all the mistakes without risking your bet size, because believe me, you will make the trade at first.

Find out from your bet size blog which trade Maximum are using to make winning a common myth most of a month.

It should also possess risk feature that makes it possible for you to arrange and leave an account to carry on with trade Maximum.

Your bet size get pushed to far up or down, due to advantage and you simply want to trade into these extended levels.

Your favor is all about getting advantage in Forex Trader job and taking a risk when you see them – this isn’t being rash, this is a sensible way to make your bet size.

They can trade advantage anywhere, anytime. If combining with example of the above Forex trading tip, we can make as high as 100 % Profit annually and keep Risk low.

There is an alarming number of new, and uneducated, commodity traders losing just about 20 % they own.

It will show you all you Need To Know to make all the money you want to have in forex trading. Your forex trading is simple logical and will if you apply it increase your overall profit potential dramatically

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Now that you have a trading system designed and coded, it is time to test it to make sure that your coding is free of logical and technical errors. We will also look at something known as optimization - a feature in some trading programs that allows you to fine tune your trading rules to fit the stocks that you plan on trading.

Testing Your Trading System
The vast majority of trading applications that support programming languages also support testing tools. These tools are divided into two categories:

1. Technical
Technical testing tools search for technical errors in your code. For example, if you forget to add a semicolon after a statement, the technical testing tool will notify you that your statement is invalid.

The location of the technical testing tool depends on the trading application being used. MetaTrader displays an error or flawed results when you try to compile your code, while trading applications like Tradecision have a "code check" utility built into the interface that lets you check your code for errors before applying it.

2. Logical
Logical testing tools search for logical errors in your code. For example, if you happened to use a "greater than" sign instead of a "less than" sign (which is not a technical error), a logical testing tool will show you that your results don't make sense.

The most popular logical testing tool is the backtesting tool. This tool allows you to take past data and apply your trading system to that data. This gives you an idea of the following:

* Whether your trading system is a profitable one
* What conditions prove to be most profitable
* Where any errors in your rules might exist

(For more information, see Backtesting: Interpreting The Past.)

Troubleshooting Your Trading System
As with any other type of programming, troubleshooting can be a tedious and difficult task. Finding errors in your code requires systematically sorting through your code to identify syntactical errors that, although often minor, can bring your program to a halt.

Here are some common errors to look for:

* Missing semicolons after statements - These have to be after every statement.
* Undefined variables - Remember that you have to declare them before you use them!
* Spelling mistakes - If any names or functions are spelled incorrectly, the trading application will return an error (see example below).
* Incorrect usage of (=) - Remember that "=" assigns one value to another value, while "==" means "equal to".
* Incorrect usage of built-in functions - Consult your trading application's documentation or application programming interface (API) to make sure that you are using the correct syntax.

Some trading applications contain a feature that will let you test your code before using or compiling it. This feature allows you to see what the error is and on which line it can be found. Take Tradecision for example:



Figure 1

Here we can see that Tradecision gives us the location (line and column) of the error, a description of the error and the type of error (in this case, it is syntactical). If we look at the expression, we can see that in column 8 "xrossBelow" is not a valid function. If we replace the "x" (which is in column 8) with a "c", then we will have valid code.

If we look at MetaTrader, we can see that the errors come up when we try to compile the program:



Here we can see that in the description it says the "BuyNow" variable wasn't defined. Double clicking on this error message will bring us to the specific location of the error in the code.

As you can see, most trading applications give you an easy way to locate technical errors and fix them. Fixing the errors simply involves systematically going through each error message and then recompiling the code and/or applying the trading system to your charts.

Optimizing Your Trading System
Some trading applications let you select variables to be optimized. Tradecision, for example, lets you easily select a variable and replace it with code that will attempt optimization. Optimization itself is simply a process that finds the optimal value for a particular trading system element based on past results and performance. Note that over-optimization results in trading systems that are unable to adapt to market conditions; therefore, it is important to only optimize a few important variables, not every variable!

Here is what the optimization feature looks like in Tradecision:



Figure 3





You can see that we declared two new variables and set them equal to "#". The "#" simply means that the trading program will replace this with the optimal number. Next, you can see that we used the new variables within our trading strategy. Finally, we set a range for the numbers (so that the program will not search to infinity).

Some other trading programs have features that operate in a similar way, allowing you to replace the numerical value with a "#" and telling the trading application to optimize it.

Conclusion
By now you should have developed a working trading system in which you can have confidence. In the next part of this series, you will learn how to apply your trading system to charts and how to use it to make trading decisions!

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Now that we have a design document in hand, we can look at how these rules are put into code that a computer can understand. In this section, we'll break down a section of code and look at it piece by piece. For this example, we will use MetaTrader's programming language MetaQuotes II to build a very simple moving average trading system.

Defines: MATrendPeriod(100);

Var:MaCurrent(0),MaPrior(0);


If Bars < 100 Then Exit;

If FreeMargin < 1000 then Exit;


maCurrent =iMA(MATrendPeriod,MODE_SMA,0);

maPrior =iMA(MATrendPeriod,MODE_SMA,1);


If maCurrent > maPrior then

{SetOrder(OP_BUY,Lots,Ask,3,0,Ask+TakeProfit*Point,RED); Exit;};


If maCurrent < maPrior then

{SetOrder(OP_SELL,Lots,Bid,3,0,Bid-TakeProfit*Point,RED); Exit;};

The If/Then Format
After taking a brief look at this code, you should recognize a few elements that we touched on in the design phase. For example, you should recognize the If/Then format that we used when constructing our design. To get a better understanding of this code, let's break it down and analyze each part:

Defines: MATrendPeriod(100);

Var: MaCurrent(0),MaPrior(0);

Here, we're simply defining the moving average that we are using by saying that we want it to be an average of the last 100 bars. The Defines function here lets us do that for any type of data we want. After that, we simply invent two variables (items which we create to hold data) MaCurrent(0) and MaPrior(0). These two variables will hold the data that we will set in a later step.

If Bars < 100 Then Exit;

If FreeMargin < 1000 then Exit;

Here we see the If/Then format that we used in the design phase put to work. These two statements tell the computer to exit if certain conditions aren't met. Let's translate these two commands into English:

If Bars < 100 Then Exit; à "If there are fewer than 100 bars (data points) on the chart, then exit the program without doing anything.''

If FreeMargin < 1000 then Exit; à "If my account has less than $1,000 in available funds, then exit the program without doing anything.''

You can translate any criteria you want into this format and put it at the beginning of your program in order to adapt to certain situations.

Buy and Sell Signals

maCurrent =iMA(MATrendPeriod,MODE_SMA,0);

maPrior =iMA(MATrendPeriod,MODE_SMA,1);

Now let's make use of the two variables we described above. Let's take these statements apart to see what they are doing:

maCurrent = à Here we are telling the computer to assign the following information to "maCurrent''.

iMA(MATrendPeriod,MODE_SMA,0); à Here we are using a simple statement, which uses the following basic format: Study(TimePeriod,Mode,Start).

Note that you can replace iMA with MACD, RSI or any other studies your trading system may be using. You can also replace the parameters to suit your own system.

If maCurrent > maPrior then

{SetOrder(OP_BUY,Lots,Ask,3,0,Ask+TakeProfit*Point,RED); Exit;};

Now we are getting somewhere! Here is the part of the code that tells the computer when to buy. Notice that we are making use again of the If/Then format that we used in the design document. Let's translate this to English to see what's happening:

If maCurrent > maPrior then { à "If the current Moving Average is greater than the prior Moving Average, then…''

SetOrder( à "Create an order entry to …''

OP_BUY,Lots,Ask,3,0,Ask+TakeProfit*Point,RED à "Buy my defined number of lots at the ask price plus my take profit point, and mark it as a red point on the chart.''

); à "End the order.''

Exit; à "Exit the trading strategy.''

}; à "End the If/Then statement.''




Note that the Take Profit Point is something that is defined by users when they add the trading system to their charts. Also notice that we are buying at the ask price and selling at the bid price - this is a key feature, especially when creating a system for stocks.

If maCurrent < maPrior then

{SetOrder(OP_SELL,Lots,Bid,3,0,Bid-TakeProfit*Point,RED); Exit;};

Finally, we have our code that tells the computer when to take a short position. Note that this statement is almost identical to the "buy'' statement, aside from the OP_SELL instead of OP_BUY as well as the usage of the bid price as opposed to the ask price.

Conclusion
And there you have it - the bare bones of what a trading system code looks like. Please note that the above code is not a complete trading system, as it does not include any commands to close open positions. Such additional aspects can be implemented using a format similar to the code we've shown.

In the next section of this tutorial, we will go into greater depth regarding the specific ways in which your trading system can be converted to code.

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Tra fish are processed at a facility in the Mekong Delta. The industry has been hard hit at all levels – production, processing and exports. The tra fish industry is bogged down in a stalemate that shows no sign of breaking as farmers choose to abstain from breeding and exporters are hit by falling demand.

According to the Aquaculture Department under the Ministry of Agriculture and Rural Development, the total area for tra fish (pangasius) farming has shrunk 30 percent from a year ago, after farmers hit by huge losses stopped breeding them. In the Mekong Delta province of An Giang, for instance, the current tra fish area is about 1,000 hectares, 400 hectares less than last year. The output in April dropped 20 percent from March to around 25,000 tons. Meanwhile more than 360 hectares of tra fish ponds in Dong Thap Province have been left idle for a year. The tra fish output of the province is expected to drop by 40 percent by the end of September. Shrinking fish farms will lead to raw material shortages for processing enterprises at the end of the year, the Aquaculture Department warns. Tra fish can be farmed throughout the year in the Mekong Delta and farmers start harvesting their crop after six months. Farmers in the region say that after consecutive price drops last year, tra fish prices have recovered to around VND16,000 (US$0.90) recently, which means they no longer suffer huge losses although the profit margin is still very small. But many tra fish farmers say they have lost confidence, and are concerned that if they all start breeding the fish again, prices will fall again as supply increases. Some of them now work for seafood companies and get paid to breed the fish for those companies. As breeders downsize, other businesses in the seafood industry have struggled with falling demand for fish feed and fingerlings. A salesman for a fish feed company, who wished to be unnamed, said sales at his company so far this year have dropped by half compared to the same period last year. “Farmers calculate expenses very carefully as selling prices [of the fish] are not high,” he said. Hoan Thanh, a group of tra fingerling providers in An Giang Province, said it has had to cut back on production. The group said it has sold some 80 million fingerlings this year, a decline of as much as 70 percent over a year ago. Downstream plight The situation is not much better downstream for the tra fish industry with processors and exporters facing their own difficulties. Seafood exports in the first four months fell 6 percent from a year earlier to $1.05 billion as the global recession hurt demand. Tra fish exports alone fell 0.42 percent in volume terms to 161,826 tons, the industry’s first ever contraction. The Ministry of Agriculture and Rural Development said falling demand, together with several allegations in important markets like Russia, Egypt and Italy that Vietnamese tra fish was unsafe, caused many difficulties for local exporters. Russia in April lifted a ban on imports of seafood products from Vietnam that it had imposed last December. Although the market has been reopened, exporters say prices are still low, at around $2 per kilogram of tra fish. Ngo Phuoc Hau, general director of An Giang Fisheries Import and Export Joint Stock Co., said prices for US exports were higher at $3.16 a kilogram. Agifish, as the company is known, said it will increase tra fish shipments to the US this year. However, the company said it could be a difficult task as tra fish would be subject to more stringent inspections by the US Department of Agriculture if the US 2008 Farm Bill is passed. “It’s hard to forecast market prospects,” said Nguyen Dinh Huan, Agifish deputy general director. The company’s exports have dropped about 30 percent compared to a year ago. Source: TBKTSG

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These apartments in Hanoi are meant for residents displaced due to projects to construct industrial parks and urban areas. Displaced farmers, food security and the loss of an average of 74,000 hectares of farmland yearly to urban and industrial zones were a few issues heard at a seminar in Hanoi Friday.

The Land Science Association held the event to discuss regulations on land relating to agriculture, farmers and rural areas. Experts blamed industrial parks for devastating surrounding farmland with pollution, while people in rural areas have lost jobs from the farmland shrinkage. Around 500,000 hectares of farmland have been taken for other purposes between 2000 and 2007, said Ton Gia Huyen from the association. This area is equal to 5 percent of the country’s farmland, he added. Many serious problems have cropped up from the revocation of farmland for non-agricultural purposes, he said. A survey at 16 cities and provinces found 89 percent of land being revoked to build residences, industrial parks and infrastructure were farmland, mostly rich rice paddies. “Many industrial parks in several localities have been constructed on farmland although they could have zoned them on mountainous areas or those with poorer soil, because of their advantageous infrastructure,” said Hoang Thi Van Anh from the Land Bureau under the Ministry of Natural Resources and Environment. She named several such industrial parks, including Ba Thien, Quang Minh II and Binh Xuyen in Vinh Phuc Province; VSIP, Que Vo and Nam Son – Hap Linh in Bac Ninh Province; Long Giang in Tien Giang Province and Van Trung in Bac Giang Province. Of these provinces, Vinh Phuc set up three industrial parks in 2007 which cover a total of 865 hectares of good farmland, while three industrial parks at Bac Ninh eliminated 1,940 hectares of farmland in 2007 and 2008. Vu Thi Binh from the Hanoi Agricultural University said Hai Duong Province, which saw its paddy fields decrease 4.8 percent in 2008 from 2005, has suffered a fall of 3.3 percent in its rice output. If land for paddy cultivation continues to plummet, Hai Duong could have a rice shortage, she said. Tran Ngoc Hung, chairman of Vietnam General Construction Association warned the shrinkage of farmland could threaten food security. “Vietnam is one of the countries worst affected from the sea level rising,” he said, adding that the salty water is threatening to spill over and damage millions of hectares of farmland nationwide in the future. “I wonder what our descendents would think about our decision to eliminate millions of hectares of farmland which had been created by our ancestors,” Hung said. Vietnam’s population is estimated at about 86 million and is expected to increase by 1-1.2 percent in the next few decades. Researchers estimated rice demand would jump to 53.2 million tons in 2020 from 47 million tons in 2010. The farmland revocation from 2003 to 2008 has affected 950,000 farmers in more than 627,000 families, the Ministry of Agriculture and Rural Development reported. Between 25-30 percent of these farmers became unemployed or found unstable jobs, leading to a 53 percent decrease in income for these families, the ministry said. Resettlement problem Housing for displaced farmers has been a monumental headache for the families, advocates said. Hung of the construction association said he was “allergic” to the term “resettlement” because the poor quality apartments and houses are not suitable for the displaced residents. He said between 60 and 70 percent of displaced residents in major cities have sold their new accommodations because it was worse than their previous houses or not suitable for living. Hung suggested providing sufficient compensation, equal to market prices, for residents to find their own accommodations instead of compensating less and offering cheap resettlement residences. Anh from the Land Bureau also criticized the farmland compensation rate. “Compensation for farmland is often not enough to buy the same area of farmland in other places, or to help the farmers find other employment,” she said. Phan Van Tho from the Land Bureau said some localities, due to their limited budget, have offered compensation equaling only 30-50 percent of market prices. In many localities, project investors negotiate directly with farmers about the amount of compensation for land revocation. But they have failed to do so in a structured and unified manner, creating compensation differences in a locality, which has also caused complaints, he said. In addition, the resettlement process has not been planned well enough so that those affected could be assured of being provided with equal or better housing than before, said Huyen from the Land Science Association. Tho also said the shortage of funds for housing, land and capital in resettlement is now all too common and serious. Hanoi’s housing and land fund meets only 40 percent of its demand for resettlement, and Ho Chi Minh City’s is 70 percent, he said. Reported by Bao Van – Quang Duan

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By David Mildenberg

Feb. 5 (Bloomberg) -- Bank of America Corp., the nation’s largest bank, declined to its lowest level in New York trading since 1984 on concern regulators may seize the company after a $138 billion U.S. bailout package failed to halt the slide.

The bank fell 55 cents, or 12 percent, to $4.15 at 10:44 a.m. in New York Stock Exchange composite trading, and earlier declined as much as 20 percent to its lowest level since October 1984. The stock of the Charlotte, North Carolina-based company has dropped for six days and lost more than two-thirds of its value this year.

The descent follows the U.S. government’s latest infusion of $20 billion in fresh capital and a plan to share losses on $118 billion in mortgages, corporate loans and derivatives. The U.S. previously committed $25 billion to the bank and Merrill Lynch & Co., acquired earlier this year. Bank of America lost $1.79 billion in the fourth quarter, its first deficit since 1991, as more borrowers fell behind on paying their loans.

“Washington is dithering while the banking stocks are going to zero,” said Nancy Bush, an independent bank analyst in Annandale, New Jersey. Trading is being driven by speculation that the government may take over Bank of America and other lenders as part of a plan to bolster the nation’s financial system, she said.

Scott Silvestri, a spokesman for the bank, said the company declined to comment on its stock price.

Tipping Point

“You have got to nationalize the banks,” said Paul Miller, analyst at Friedman, Billings, Ramsey Group Inc. in an interview yesterday, adding that the public may not be ready for Bank of America and Citigroup Inc. to be seized. “We’re past the tipping point, and the government is taking small steps.”

Citigroup, which dropped as much as 8.3 percent today, fell 11 cents, or 3.2 percent, to $3.38.

Bank of America’s risk increased after it acquired Countrywide Financial Corp., the largest U.S. home lender, and Merrill Lynch, the world’s largest brokerage, said David Dietze, president of Point View Financial Services Inc. in Summit, New Jersey, in an interview late yesterday. Merrill lost $15.3 billion in the fourth quarter.

“There is this lurking shadow of nationalization which haunts the banks, but particularly Bank of America,” he said. “It’s pretty spooky.”

To contact the reporter on this story: David Mildenberg in Charlotte at dmildenberg@bloomberg.net
Last Updated: February 5, 2009 11:01 EST

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Hanoi’s Department of Labor, Invalids and Social Affairs said the highest annual bonus granted to employees in the capital so far was VND80 million (US$4,500) each.

The employees who will receive the fat bonus work for a foreign-invested beverages company, according to the department. Further details were not available. The average bonus at foreign-invested enterprises in the capital city was VND3.1 million ($177) – a 1.5 percent increase over last year; and the lowest bonus at a foreign-invested firm was VND300,000 a person. Overall, the lowest bonus given in Hanoi this year was VND100,000 a person ($5.71). Only 79 businesses have provided information about bonuses. Source: SGGP

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Vietnamese fuel traders Sunday lowered retail prices of gasoline by 3 percent, in response to falling global prices, according to a press release from the Ministry of Finance.

Diesel was cut by 3.3 percent and kerosene by 3 percent. The most popular 92-octane gasoline now retails at VND15,500 ($0.94) per liter, down from VND16,000 while 95-octane gasoline is now VND16,000 ($0.97) per liter, down from 16,500. The retail prices of diesel and kerosene have been reduced to VND14,500 ($0.91) and VND16,000 ($0.97) per liter respectively. The cut came as quite a surprise after traders had already slashed gasoline prices by 3 percent on Friday. Diesel had been cut by 2 percent that day. Vietnam, Southeast Asia’s third-largest crude oil producer, still imports most of its oil products due to a lack of refineries. Its first oil refinery in the central province of Quang Ngai is expected to go on stream next February. Reported by Ngan Anh

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