A Manager''''''''s Guide to Knowing What the Numbers Really Mean 2 docx

... for another. The lack of a physical exchange enables the FOREX market to operate on a 24 -hour basis, spanning from one time zone to another across the major financialcenters. This fact—that there ... and FOREX 26 1Technical Analysis 26 1Expert Advisors 26 2Automated Trading and BOTS 26 2High-Frequency and Ultra-High-Frequency Trading 26 3Into the Future of FOREX 26 4 The Trend Machine 26 5xii ... 20 7Summary 20 9Chapter 16Money Management Simplified 21 1Breaking Even The Belgian Dentist 21 1Expectations 21 2Trader Profiles 21 2Parameters for Trader Profiles 21 5 The Trade Campaign Method (CTM) 21 6Calculating...

... of a currency relative to another currency. There arean enormous number of correlations between all these factors and they arealmost certainly nonlinear in nature. That means they are constantly ... the Netherlands, Portugal, San Marino, Slovakia, Slovenia, Spain, and Vatican City.Lithuania will convert in 20 10 and Estonia is expected to convert in 20 11.NFA Compliance Rule 2- 43 has in many ... control over the yuan, and floating rates will be inevitable.Arrival of the EuroOn January 1, 20 02, the Euro became the official currency of 12 Europeannations that agreed to remove their previous...

... exchange regulatory standards. FMA’s model code currently has regulatorystanding in Australia, Austria, Canada, Cyprus, Hong Kong, Malaysia, Malta,Mauritius, the Philippines, Slovenia, and ... charterrenewed but a separate quasi-private self-regulatory agency was created to implement the laws, rules, and regulations. Thus in 19 82 was born the National Futures Association (NFA). The NFA is the CFTC’s ... and 6 .2. The conversion of pips to dollarsmay be considered the base FOREX calculation. Calculate that against your lotsize and you are halfway home already.Approximate USD values for a one-pip...

... reduces to: Units Available ϭ 100 ϫ Margin Available/Margin PercentCross rates can be handled in the same fashion by simply manipulating the conversion rate. Note: Always decrease the units available ... broker always subtracts the transaction cost at the moment the trade is initiated; therefore, transaction costs do not affect the above calculations.Calculating Units AvailableBefore initiating a ... 29 9central bank A government or quasi-governmental organization that manages a country’s monetary policy. For example, the U.S. central bank is the Federal Reserve,and the German central bank is the...