středa 28. května 2008

úterý 27. května 2008

Forex - Foreign exchange

Forex currency exchange is the biggest financial market in the word nowadays, with daily turnover outstripping 1.9 trillion dollars. It�s basis are transactions made 24 hours a day between banks and financial institutions called Interbank. Interbank begins it�s day in Sydney, and continues through Tokyo and New York to London along with awakening of other financial capitals.

Nowadays numerous investors profit on currency transactions using unusual fluency of Forex, its clarity and strong technical trend. Till now, according to huge transaction units and high financial requirements, main beneficiaries of currency market were banks, currency dealers and great speculators. The development of computers and Internet enabled access to advantages of Forex for numerous investors all over the world.
Forex Marker is OTC market (Over The Counter). It means that transactions are realized by both sides via phone and/or electronic systems, and turnover is not centralized. The trade starts in Sydney, next moves to Tokyo and London to close the day in New York. Trade on Forex market lasts 5 day each week, starting on Sunday at 11:00pm and ends on Friday at 11:00pm (local time).

Characteristic features of Forex.
Forex Marker is also called OTC market (Over The Counter). It means that transactions are realized by both sides via phone and/or electronic systems. Turnover is not centralized. Nowadays numerous investors profit on currency transactions using unusual fluency of Forex, its clarity and strong technical trend. The volume exceeding 50 times value of all American share�s markets altogether ensures credibility of technical analysis, security of transactions and the best protection against artificial price changing attempts.

One of the most significant aspects of Forex are risk limiting strategies. Investors often use the �stop-loss� order and orders with price limit. High turnover guarantees almost 100% realization of any defending orders and success in investment strategies. Moreover, 24 hours a day, 5 days a week turnover cause that so called price gaps (when closing price are significantly differs from next day opening price) are very rare.

Next unique feature of Forex are strong trends and lack of bull market and boom. Investors trade couples of currencies, so when one is falling the second one is in increasing trend. This fact is important for investors, who choose any trend (increasing or decreasing). You can make up your mind in any moment which trend you want to bet on, according to where your strategy suits best and where you feel comfortable.

Info is from http://peres.taxinusa.net

Students loans from Wikipedia.org

Federal loans to students

See Federal Perkins Loan, Stafford loan, Federal Family Education Loans, Ford Direct Student Loans, and Federal student loan consolidation

Federal student loans in the United States are authorized under Title IV of the Higher Education Act as amended.

The first type are loans made directly to the student. These loans are available to college and university students and are used to supplement personal and family resources, scholarships, grants, and work-study. They may be subsidized by the U.S. Government or may be unsubsidized depending on the student's financial need.

Both subsidized and unsubsidized loans are guaranteed by the U.S. Department of Education either directly or through guarantee agencies. Nearly all students are eligible to receive them (regardless of credit score or other financial issues). Both types offer a grace period of six months, which means that no payments are due until six months after graduation or after the borrower becomes a less-than-half-time student without graduating. Both types have a fairly modest annual limit. The limit effective for loans disbursed on or after July 1, 2007 is as follows: is $3,500 per year for freshman undergraduate students, $4,500 for sophomore undergraduates, and $5,500 per year for junior and senior undergraduate students, as well as students enrolled in teacher certification or preparatory coursework for graduate programs. Subsidized federal student loans are offered to students with a demonstrated financial need. Financial need may vary from school to school. For these loans, the federal government makes interest payments while the student is in college. For example, those who borrow $10,000 during college will owe $10,000 upon graduation.