Friday, May 29, 2009

Regulating the Stock Market

HOW DOES KSE REGULATE TRADING ACTIVITIES?The regulatory authority for the securities market and corporate sector in Pakistan is the Securities and Exchange Commission of Pakistan (SECP). The SECP administers the compliance of the corporate laws in the country and is run by commissioners under a chairman.The Securities and Exchange Commission of Pakistan, is an autonomous regulatory authority, and at the same time provides an accountability mechanism through establishment of a Securities and Exchange Policy Board. All policy decisions are made by the board on the recommendations of the commission and the board is directly answerable to the Parliament.THE REGULATORY INFRASTRUCTURE OF KARACHI STOCK EXCHANGEMembers of the stock exchanges and trading at the Exchange are also subject to the discipline of self-regulation under various Rules and Regulations of the Stock Exchanges.KSE is regulated by the provisions of the following regulations:
General Regulations of Karachi Stock Exchange
Listing Regulations of Karachi Stock Exchange
Regulations Governing Over the Counter Market
Regulations Governing Future Contracts
Regulations Governing Cash-Settled Future Contracts
Regulations Governing Provisionally Listed Companies
Regulations Governing Short Selling, 2002
Regulations Governing Proprietary Trading
Regulations Governing Margin Trading, 2004
Regulations Governing Karachi Automated Trading System (KATS)
Regulations Governing System Audit, 2004
Regulations Governing Investors Protection Fund
Regulations Governing Continuous Funding System 2006
Regulations Governing Recovery of losses
Regulations Governing Risk Management
Regulations Governing Branch Offices
Regulations Governing Stock Index Future Contracts Trading activities are being monitored through the surveillance terminal to ascertain that, there are no illegal postings and dealings made in any of the issues listed in the Exchange. Through the Compliance and Surveillance Group, compliance of members to set rules and regulations are monitored
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BOOK BULIDING PROCESS FOR NEW COMPANIES

Book Building is the process of price discovery and pricing a new share issue. The process by which an underwriter attempts to determine, at what price to offer an IPO based on demand from institutional investors for its efficient price discovery based on actual supply and demand by informed investors...

THE INITIAL OFFERING OF STOCKS (IPO):

The initial offering of stocks and bonds to investors is by definition done in the primary market (IPO) and subsequent trading is done in the secondary market. Initial Public Offering (IPO) is the initial sale by a company of shares of its stock to the public in the financial market.............

WHAT ARE SHARES

Shares, as the name says, are shares in a limited company. Each shareholder is a partial-owner of the company in which they have bought shares and investors can buy and sell their shares on the stock exchanges. Companies on incorporation issue shares, (also called equities) and later perhaps when they are building up a business. The original shareholders might still own them, or they may have sold them to someone else through the stock market. If the company makes a profit, the shareholders normally have some of it passed to them in the form of dividends. The amount paid in dividends varies year by year, depending on how profitable the company has been and how much money the directors and the company management want to keep in reserve for future expansion.There are different ways in which you can participate in the stock market:
1. Directly: by buying and selling shares;
2. Indirectly: through a collective vehicle, in which shares are grouped together, such as a mutual fund or Exchange Traded Funds (ETFs)......

WHY DO COMPANIES GO PUBLIC

The primary purpose for companies to be publicly listed at the exchange is to cost-effectively raise capital. It reduces the company's reliance on the traditional financiers such as financial institutions and individuals. Listing allows business expansion without increasing borrowings or draining the company's cash reserves. History of listed companies indicate that companies that convert to public ownership are more likely to become successful than control companies that remain private. Companies that go public are also more likely to become acquirers than control companies. IPO companies grow faster than control companies after going public. However, both public and private companies must disclose financial information to regulators.....

Saturday, May 23, 2009

Futures and Options

1: Forex Money Management by FX Master
Money management is a critical point that shows difference between winners and losers. It was proved that if 100 traders start trading using a system with 60% winning odds, only 5 traders will be in profit at the end of the year. In spite of the 60% winning odds 95% of traders will lose because of their poor money management. Money management is the most significant part of any trading system. Most of traders don't understand how important it is.

2: Stock Market Money Management Skills
Essential money management skills for all types of investors.

3: Forex Money Management
Forex money management is one of the most important things you can learn before you actually begin making live trades.

4: Money Management Principles
How to handle money management in forex trading: Trade With Sufficient Captial, Exercise Discipline and Employ Risk-to-Reward Ratios.

Fundamental Analysis

1: The Euro Bull: New Paradigm of FOREX
The Euro Bull: The New paradigm of FOREX

As the EUR/USD breaks 1.50, investors should take another look at foreign exchange. 100/barrel oil, $1,000 gold, and $10/bushel wheat are not anomalies, nor is there a bull market in commodities. The US dollar is losing its value and its relevance as a world reserve currency.

2: How far can the dollar go down?
An explanation of how far dollar can go down - contrast with other markets and looking from value perspective.

3: FOREX Fundamental Analysis
Information on using fundamental analysis for FOREX trading.

4: What is Fundamental Analysis
Investors using fundamental analysis to make investment decisions are looking at the underlying aspects that determine company and stock valuations.

5: Fundamental Analysis On Forex Trading
Remember, fundamental analysis is a very effective way to forecast economic conditions, but not necessarily exact market prices.

Forex Trading

1: Forex Brokers - Make the Right Choice Not A Mistake
With the modern times of mobile communication, it is not unusual to find hidden in a home a trader or a broker who is doing their Forex Trading from the comfort of their own home. Today to be a forex trader all that you require is a computer setup to multi screen investing servers, the number of the casual or evens serious home based forex traders has grown a great deal of late and this is because of the internet and the popularity of certain commodity trades.

2: How to Start Forex with a Great Training Course
what to look for when choosing a forex training course.

3: Forex Trading - The top 5 Tips
We have all heard and read how much money we can make from Forex Trading, so what are the real rules and tips that will make us money from Forex Trading? Below we will uncover the real tips for Success.

4: Forex Trading Errors- How To Fix
When we are trading we will all from time to time make a mistake when forex trading and it is normal and sometimes can be looked upon as healthy, so as to know that the decisions will either make or break you. However, if this becomes severe to a point wherein you lose more than you can afford to, then you would have to take measures in order to avoid further damage.

5: 8 Traits Of the Great Forex Trader
To be a successful Forex Trader takes time, education and knowledge, but the great news is anyone can do it. You do not have to be a genius to be a Professional Forex Trader. There will be many people that disagree with the above and end up broker, because they people have been successful in other areas and they see Forex Trading simply as a financial game

6: FOREX Trading without Indicators
When it comes to trading most professional traders will be trading with indicators, so when most people hear that someone is trading with out them there is an instant look of bewilderment. To them it sounds like driving in the dark with no lights. But in fact it is the opposite.

7: Forex Trading - The 3 Biggest Lies
Everyone that is involved in Forex Trading for awhile would have all heard these 3 misconceptions about Forex Trading, but beginner traders continue to fall for them. These are also some of the reasons why many Forex Traders end up going broke.

8: Day Trading - How to Be Successful at it
The share market today is as volatile as we have seen it, as stock prices continue to fluctuate the only way to preserve your money is to sit on the sidelines and the chaos goes on in the financials and other sectors. With the wild swings in the market as it continues at times to make no sense. We have seen days of down 500 points, followed by days of up 450 points, actual trading sessions moving as much as 1000 points. How do we make sense of these crazy markets and more importantly how do we make money.

9: How To Be Successful Forex Trading
Today there are many people in the world that are using Forex to make money. Forex trading is buying and selling currencies to make profit from it. It can be a great money making business if you can do it right. It is the type of business that you can make thousands of Dollars each month if it is done correctly

10: Forex Market - Make Money in Choppy Markets
The Forex Markets do not create clear trend lines all the time. Quiet often we will experience very volatile markets and the prices can move dramatically up and down. So How do you make money from this?

Forex Broker

1: CFD Broker - Make the Choice - Not A Mistake
Today, this article will discuss about the CFD market, and how you can find a great online CFD broker when you do decide to jump on the wagon and become a CFD Trader. Most of the CFD Brokers today offer the ability to be able to trade online, CFD trade over the phone, or CFD trade from you mobile phone.

2: Best CFD Broker - Australia
The Contracts For Difference (CFD) Market is the largest financial market and everyday new investors plan to jump in when they learn of the benefits, that is, high returns on investment which is as high as 20% per month a month.

3: Finding A Forex Broker For Dummies
Online brokers give an important role to play when you open an online trading account. Every Last broker can offer different services and features. You must research all the online brokers to find the foremost broker to meet your needs.

4: CFD Brokers Singapore - Who is the Best?
Online brokers give an important role to play when you open an online trading account. Every Last broker can offer different services and features. You must research all the online brokers to find the foremost broker to meet your needs

5: Finding a Forex Broker
Most traders and investors out there know, the foreign exchange market is the largest market in the world. This is why we are seeing so many people making the transition from shares, options, futures to the Forex Markets. With the brilliant liquidity, much longer trading hours, we are seeing traders realize returns as much as 40% a month and in some cases even more.

6: Forex Broker - The 6 Steps to Finding the Best Forex Broker
Trading Forex, well one of the most important decisions that you can make is selecting a your Forex Broker, So here are 6 Golden Rules to use to Find the Best forex Broker

7: Forex Broker- Tools to Find Best Forex Broker
Time to Select a winning Forex Broker. This will help you find the best online brokers in the market. Finding the right Forex Broker is an important as selecting a winning trade. When you start trading you make sure you do your due dilligence on that stock or currency before you trade, well you should do exactly the same with selecting a Forex Broker. So what are the key requirements that you need?

8: Selecting the Right Forex Broker
Making a decision on which Forex broker to use to open a trading account can be difficult since there are so many brokers available. Because they all have different features, capabilities, advantages and weaknesses, some research must be done when making your selection. Below is a checklist to reference when deciding which broker to use in your Forex endeavors.

9: 4 Tips For Choosing a Reputable Forex Broker
For a normal trader, finding a Forex broker can be a difficult experience. While many potential traders fall into the hands of a not-so-reliable Forex brokers, there are many strategies in securing a reputable brokerage firm.

Forex Beginner

1: Will I get rich from Forex? Definitely! Are you ready to learn?
The Foreign Exchange market (also referred to as the Forex or FX market) is the largest financial market in the world, with over $1.5 trillion changing hands every day.

2: Online Currency Trading requires Patience
When the going gets tough, the tough get going. This adage often brings back the memories of my past days when I was trading initially in the currency exchange market. Indeed, there's nothing more hurtful than losing your invested money in the FX market. But, online currency trading is like life where you're got to learn from your wrong moves and keep moving on.

3: Forex - What is it?
The international currency market Forex is a special kind of the world financial market. Trader’s purpose on the Forex to get profit as the result of foreign currencies purchase and sale. The exchange rates of all currencies being in the market turnover are permanently changing under the action of the demand and supply alteration.

4: Short data about the origin and development of the currency exchange market
Currency trading has a long history and can be traced back to the ancient Middle East and Middle Ages when foreign exchange started to take shape after the international merchant bankers devised bills of exchange, which were transferable third-party payments that allowed flexibility and growth in foreign exchange dealings.

5: Risks by the foreign exchange on Forex
The Forex is essentially risk-bearing. By the evaluation of the grade of a possible risk accounted should be the following kinds of it: exchange rate risk, interest rate risk, and credit risk, country risk.

6: Charts for the technical analysis
Kinds of prices and time units. Charts for the technical analysis are being constructed in coordinates price (the vertical axis) � time (the horizontal axis)�. The following kinds of currency prices represented on charts are being distinguished on Forex:

7: Forex Glossary
Here are some of the most common terms used in FOREX trading. Ask Price ¨C Sometimes called the Offer Price, this is the market price for traders to buy currencies.

8: Forex Trading Education - The London Open Checklist
The start of the London trading session marks a period of increased volatility in the Forex market and a period of more opportunities to trade. As part of your Forex trading education, run through this checklist to see if you can identify good trade setups regularly at this time of day.

Welcome to Forex

e Foreign Exchange market, also referred to as the Forex or FX market, is an international exchange market in the world, with a daily average turnover of approximately from 1.5 trillion to 2.5 trillion US dollar. Hundreds of thousands of individuals have already joined the Forex market.

In order to improve your Forex trading skills, you need to make the most of the information at your fingertips.

Here we collect the most popular and helpful Forex articles. All these Forex articles are written by the excellent Forex traders, strategists and analysts. You'll find the articles, trading courses and methods that are an indispensable inherent part of improving your Forex trading strategy.

The 6 Advantages Forex Trading Has Over Other Investments

There are many different advantages to trading forex instead of futures or stocks, such as:
1. Lower Margin
Just like futures and stock speculation, a forex trader has the ability to control a large amount of the currency basically by putting up a small amount of margin. However, the margin requirements that are needed for trading futures are usually around 5% of the full value of the holding, or 50% of the total value of the stocks, the margin requirements for forex is about 1%. For example, margin required to trade foreign exchange is $1000 for every $100,000. What this means is that trading forex, a currency trader's money can play with 5-times as much value of product as a futures trader's, or 50 times more than a stock trader's. When you are trading on margin, this can be a very profitable way to create an investment strategy, but it's important that you take the time to understand the risks that are involved as well. You should make sure that you fully understand how your margin account is going to work. You will want to be sure that you read the margin agreement between you and your clearing firm. You will also want to talk to your account representative if you have any questions.
The positions that you have in your account could be partially or completely liquidated on the chance that the available margin in your account falls below a predetermined amount. You may not actually get a margin call before your positions are liquidated. Because of this, you should monitor your margin balance on a regular basis and utilize stop-loss orders on every open position to limit downside risk.
2. No Commission and No Exchange Fees
When you trade in futures, you have to pay exchange and brokerage fees. Trading forex has the advantage of being commission free. This is far better for you. Currency trading is a worldwide inter-bank market that lets buyers to be matched with sellers in an instant.
Even though you do not have to pay a commission charge to a broker to match the buyer up with the seller, the spread is usually larger than it is when you are trading futures. For example, if you were trading a Japanese Yen/US Dollar pair, forex trade would have about a 3 point spread (worth $30). Trading a JY futures trade would most likely have a spread of 1 point (worth $10) but you would also be charged the broker's commission on top of that. This price could be as low as $10 in-and-out for self-directed online trading, or as high as $50 for full-service trading. It is however, all inclusive pricing though. You are going to have to compare both online forex and your specific futures commission charge to see which commission is the greater one.
3. Limited Risk and Guaranteed Stops
When you are trading futures, your risk can be unlimited. For example, if you thought that the prices for Live Cattle were going to continue their upward trend in December 2003, just before the discovery of Mad Cow Disease found in US cattle. The price for it after that fell dramatically, which moved the limit down several days in a row. You would not have been able to leave your position and this could have wiped out the entire equity in your account as a result. As the price just kept on falling, you would have been obligated to find even more money to make up the deficit in your account.
4. Rollover of Positions
When futures contracts expire, you have to plan ahead if you are going to rollover your trades. Forex positions expire every two days and you need to rollover each trade just so that you can stay in your position.
5. 24-Hour Marketplace
With futures, you are generally limited to trading only during the few hours that each market is open in any one day. If a major news story breaks out when the markets are closed, you will not have a way of getting out of it until the market reopens, which could be many hours away. Forex, on the other hand, is a 24/5 market. The day begins in New York, and follows the sun around the globe through Europe, Asia, Australia and back to the US again. You can trade any time you like Monday-Friday.
6. Free market place
Foreign exchange is perhaps the largest market in the world with an average daily volume of US$1.4 trillion. That is 46 times as large as all the futures markets put together! With the huge number of people trading forex around the globe, it is very hard for even governments to control the price of their own currency

Friday, May 15, 2009

Hands-on with Sprint’s Touch Diamond




The guys over at Engadget Mobile has posted a few pictures of the HTC Touch diamond. You can find the gallery here

HTC Touch Diamond Specifications:

Successor of the Touch, Diamond is also Windows Mobile Professional smartphone in candybar design. It features a VGA screen, 528 MHz Qualcomm CPU, Windows Mobile 6.1, GPS, WiFi, HSDPA and HSUPA for 3G connectivity, a 3.2-megapixel camera, an accelerometer and next generation TouchFLO.

Sony Ericsson W902 and photo samples taken with the 5 megapixel camera


Here are some great pictures of the new Sony Ericsson walkman phone, the Sony Ericsson W902. You can also find some photos taken with the 5 mega pixel camera on the W902 in the end of this post. Enjoy!

About Sony Ericsson W902:

W902 is the high-class candybar Walkman, successor of the W890. It is the first to be touted not only for its music but also for video playback. It also features 5-megapixel camera with photo flash and auto-focus.

Pictures: Sony Ericsson C902 - James Bond 007 Edition!


Here are a few pictures of Sony Ericsson C902 - the James bons 007 edition! Enjoy!

About Sony Ericsson C902:

Sony Ericsson C902 is a slim high-end cameraphone with 5-megapixel camera with Face Detection feature. It is quad-band GSM with HSDPA support, features 262k color TFT display, Stereo Bluetooth, M2 slot for memory and FM radio, all in 0.4″ thick candybar housing.

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