Quote of the day

#quoteoftheday #forex

“Destroy What Destroys You!”

We Are Hiring!

GOOD NEWS! WE ARE HIRING!
-Attractive Salary and Allowances.
-High Commission Payouts
-Trips and Transport Allowances provided
-Flexible Working hours
-Work from 10am to 6pm and avoid the hussle and bussel on the road.

We are seeking highly motivated and responsible individuals who believe they can make a DIFFERENCE.

WHO ARE WE?

EZYFX BERHAD is a foreign exchange brokerage established in Malaysia to help investors Learn to Earn the legal and right way of investing. We also provide education, guidance, fund management and trading platform for investors to trade stocks, commodities, futures, debentures, currencies and other options.

Furthermore we help enhance the lifestyle of investors in Malaysia and all over the world by connecting them through the worlds most trusted platform. We also educate investors the difference between legitimate investment and ponzy investments.

The openings available in our company are as follow:-

1. Secretary

- Assist Directors and Managers
- Attend phone calls
- Compose official letters
- Manage meeting schedules
- Manage business related documents and files
- Manage office cleanliness
- Manage monthly rental and utility bills
- Manage staff attendance
Diploma in Secretarial or higher

2. Super Admin/ Personal Administrator

- Assist and facilitate marketing agents
- Compile prospects, clients and agent’s feedbacks
- Prepare latest marketing materials
- Update latest product and new product promotions to agents
- Propose or customize the best product and marketing strategy for agents
Diploma/Degree in management or experienced

3. Compliance & Accounts

- Manage staffs pay cheque
- Manage special assignments related to business licensing and authorities
 - Prepare all company, partner and client related agreements
- Prepare legal letters, documents or proposals
- Liaise with appointed lawyers on legalising documents
- In-charge of company’s control documents and licenses
Diploma in Business Accounting/ Law

4. Manager – Sales & Marketing

- Oversee the overall marketing for the company
- Lead the in-house marketing officers (MO) appointed by MM
a) Set monthly goal/KPI for the team
b) Prepare necessary material and guide lines to facilitate the marketing team
c) Assist MOs to close sales
d) Weekly team meeting

- Lead the marketing team
a) Set monthly goal/KPI for the team
b) Produce leads
c) Prepare scripts for cold call and follow ups
d) Keep the team up to date with latest information and updates
e) Weekly team meeting

- Propose and conduct special events to establish company’s branding
- Explore the best strategy for online marketing to establish company’s branding
- Assist in opening franchise outlet for local and international market
Diploma/Degree in Marketing/ Management/ Mass-comm

5. Tele-Marketing
- Make cold calls with the prospect lead given by the company
- To ensure signing up prospects with the best package
- To compile more leads from the initial leads given
- To handle queries; general, new investor sign-ups and deposits/withdrawal
- To facilitate/ update investor with latest information/ technology and help investor to upgrade their packages
- Introduce training classes as per scheduled Diploma in Marketing/ Management/ Mass-comm

6. Online marketing jobs also available

For those who are interested to know more and attend an interview.

Kindly send your resume and photo to ezyfxla@gmail.com or call Dr Hari 012 299 0776.
37A Jalan Raya Barat
41000 Pelabohan Klang, Selangor, Malaysia

Quote of the day

#quoteoftheday #forex

“Life Goes On…!”

What is a Pip in Forex?

Here is where we’re going to do a little math. You’ve probably heard of the terms “pips,” “pipettes,” and “lots” thrown around, and here we’re going to explain what they are and show you how their values are calculated.

Take your time with this information, as it is required knowledge for all forex traders. Don’t even think about trading until you are comfortable with pip values and calculating profit and loss.

What the heck is a Pip? What about a Pipette?

The unit of measurement to express the change in value between two currencies is called a “pip.” If EUR/USD moves from 1.2250 to 1.2251, that .0001 USD rise in value is ONE PIP. A pip is usually the last decimal place of a quotation. Most pairs go out to 4 decimal places, but there are some exceptions like Japanese Yen pairs (they go out to two decimal places).

Very Important: There are brokers that quote currency pairs beyond the standard “4 and 2” decimal places to “5 and 3” decimal places. They are quoting FRACTIONAL PIPS, also called “pipettes.” For instance, if GBP/USD moves from 1.51542 to 1.51543, that .00001 USD move higher is ONE PIPETTE.

As each currency has its own relative value, it’s necessary to calculate the value of a pip for that particular currency pair. In the following example, we will use a quote with 4 decimal places. For the purpose of better explaining the calculations, exchange rates will be expressed as a ratio (i.e., EUR/USD at 1.2500 will be written as “1 EUR/ 1.2500 USD”)

Example exchange rate ratio: USD/CAD = 1.0200. To be read as 1 USD to 1.0200 CAD (or 1 USD/1.0200 CAD)

(The value change in counter currency) times the exchange rate ratio = pip value (in terms of the base currency)

[.0001 CAD] x [1 USD/1.0200 CAD]

Or Simply

[(.0001 CAD) / (1.0200 CAD)] x 1 USD = 0.00009804 USD per unit traded

Using this example, if we traded 10,000 units of USD/CAD, then a one pip change to the exchange rate would be approximately a 0.98 USD change in the position value (10,000 units x 0.0000984 USD/unit). (We use “approximately” because as the exchange rate changes, so does the value of each pip move)

Here’s another example using a currency pair with the Japanese Yen as the counter currency.

GBP/JPY at 123.00

Notice that this currency pair only goes to two decimal places to measure a 1 pip change in value (most of the other currencies have four decimal places). In this case, a one pip move would be .01 JPY.

(The value change in counter currency) times the exchange rate ratio = pip value (in terms of the base currency)[.01 JPY] x [1 GBP/123.00 JPY]

Or Simply

[(.01 JPY) / (123.00 JPY)] x 1 GBP = 0.0000813 GBP

So, when trading 10,000 units of GBP/JPY, each pip change in value is worth approximately 0.813 GBP.

Finding the Pip Value in your Account Denomination

Now, the final question to ask when figuring out the pip value of your position is, “what is the pip value in terms of my account currency?” After all, it is a global market and not everyone has their account denominated in the same currency. This means that the pip value will have to be translated to whatever currency our account may be traded in.

This calculation is probably the easiest of all; simply multiply/divide the “found pip value” by the exchange rate of your account currency and the currency in question.

If the “found pip value” currency is the same currency as the base currency in the exchange rate quote:

Using the GBP/JPY example above, let’s convert the found pip value of .813 GBP to the pip value in USD by using GBP/USD at 1.5590 as our exchange rate ratio. If the currency you are converting to is the counter currency of the exchange rate, all you have to do is divide the “found pip value” by the corresponding exchange rate ratio:

.813 GBP per pip / (1 GBP/1.5590 USD)Or

[(.813 GBP) / (1 GBP)] x (1.5590 USD) = 1.2674 USD per pip move

So, for every .01 pip move in GBP/JPY, the value of a 10,000 unit position changes by approximately 1.27 USD.

If the currency you are converting to is the base currency of the conversion exchange rate ratio, then multiply the “found pip value” by the conversion exchange rate ratio.

Using our USD/CAD example above, we want to find the pip value of .98 USD in New Zealand Dollars. We’ll use .7900 as our conversion exchange rate ratio:

0.98 USD per pip X (1 NZD/.7900 USD)Or

[(0.98 USD) / (.7900 USD)] x (1 NZD) = 1.2405 NZD per pip move

For every .0001 pip move in USD/CAD from the example above, your 10,000 unit position changes in value by approximately 1.24 NZD.

Even though you’re now a math genius–at least with pip values–you’re probably rolling your eyes back and thinking, “Do I really need to work all this out?” Well, the answer is a big fat NO. Nearly all forex brokers will work all this out for you automatically, but it’s always good for you to know how they work it out.

If your broker doesn’t happen to do this, don’t worry – you can use our Pip Value Calculator! Aren’t we awesome?

In the next section, we will discuss how these seemingly insignificant amounts can add up.

#Forex #trading

Quote of the day

#quoteoftheday #forex

“Enjoy life today, yesterday is gone & tomorrow may never come!”

Quote of the day

#quoteoftheday #forex

“Your Life is your Story. Write Well. Edit Often!”

Know When to Buy or Sell a Currency Pair

In the following examples, we are going to use fundamental analysis to help us decide whether to buy or sell a specific currency pair.

If you always fell asleep during your economics class or just flat out skipped economics class, don’t worry! We will cover fundamental analysis in a later lesson.

But right now, try to pretend you know what’s going on…

EUR/USD

In this example, the euro is the base currency and thus the “basis” for the buy/sell.

If you believe that the U.S. economy will continue to weaken, which is bad for the U.S. dollar, you would execute a BUY EUR/USD order. By doing so, you have bought euros in the expectation that they will rise versus the U.S. dollar.

If you believe that the U.S. economy is strong and the euro will weaken against the U.S. dollar you would execute a SELL EUR/USD order. By doing so you have sold euros in the expectation that they will fall versus the US dollar.

USD/JPY

In this example, the U.S. dollar is the base currency and thus the “basis” for the buy/sell.

If you think that the Japanese government is going to weaken the yen in order to help its export industry, you would execute a BUY USD/JPY order. By doing so you have bought U.S dollars in the expectation that they will rise versus the Japanese yen.

If you believe that Japanese investors are pulling money out of U.S. financial markets and converting all their U.S. dollars back to yen, and this will hurt the U.S. dollar, you would execute a SELL USD/JPY order. By doing so you have sold U.S dollars in the expectation that they will depreciate against the Japanese yen.

GBP/USD

In this example, the pound is the base currency and thus the “basis” for the buy/sell.

If you think the British economy will continue to do better than the U.S. in terms of economic growth, you would execute a BUY GBP/USD order. By doing so you have bought pounds in the expectation that they will rise versus the U.S. dollar.

If you believe the British’s economy is slowing while the United States’ economy remains strong like Jack Bauer, you would execute a SELL GBP/USD order. By doing so you have sold pounds in the expectation that they will depreciate against the U.S. dollar.

USD/CHF

In this example, the U.S. dollar is the base currency and thus the “basis” for the buy/sell.

If you think the Swiss franc is overvalued, you would execute a BUY USD/CHF order. By doing so you have bought U.S. dollars in the expectation that they will appreciate versus the Swiss Franc.

If you believe that the U.S. housing market weakness will hurt future economic growth, which will weaken the dollar, you would execute a SELL USD/CHF order. By doing so you have sold U.S. dollars in the expectation that they will depreciate against the Swiss franc.

Margin Trading

When you go to the grocery store and want to buy an egg, you can’t just buy a single egg; they come in dozens or “lots” of 12.

In forex, it would be just as foolish to buy or sell 1 euro, so they usually come in “lots” of 1,000 units of currency (Micro), 10,000 units (Mini), or 100,000 units (Standard) depending on your broker and the type of account you have (more on “lots” later).

“But I don’t have enough money to buy 10,000 euros! Can I still trade?”

You can with margin trading!

Margin trading is simply the term used for trading with borrowed capital. This is how you’re able to open $1,250 or $50,000 positions with as little as $25 or $1,000. You can conduct relatively large transactions, very quickly and cheaply, with a small amount of initial capital.

Let us explain.

Listen carefully because this is very important!

1.       You believe that signals in the market are indicating that the British pound will go up against the U.S. dollar.

2.       You open one standard lot (100,000 units GBP/USD), buying with the British pound at 2% margin and wait for the exchange rate to climb. When you buy one lot (100,000 units) of GBP/USD at a price of 1.50000, you are buying 100,000 pounds, which is worth US$150,000 (100,000 units of GBP * 1.50000).If the margin requirement was 2%, then US$3,000 would be set aside in your account to open up the trade (US$150,000 * 2%). You now control 100,000 pounds with just US$3,000.We will be discussing margin more in-depth later, but hopefully you’re able to get a basic idea of how it works.

3.       Your predictions come true and you decide to sell. You close the position at 1.50500. You earn about $500.

Your Actions	GBP	USD
You buy 100,000 pounds at the exchange rate of 1.5000	+100,000	-150,000
You blink for two seconds and the GBP/USD exchange rates rises to 1.5050 and you sell.	-100,000	+150,500
You have earned a profit of $500.	0	+500

When you decide to close a position, the deposit that you originally made is returned to you and a calculation of your profits or losses is done.

This profit or loss is then credited to your account.

What’s even better is that, with the development of retail forex trading, there are some brokers who allow traders to have custom lots. This means that you don’t need to trade in micro, mini or standard lots! If 1,542 is your favorite number and that’s how many units you want trade, then you can!

Rollover

No, this is not the same as rollover minutes from your cell phone carrier! For positions open at your broker’s “cut-off time” (usually 5:00 pm EST), there is a daily rollover interest rate that a trader either pays or earns, depending on your established margin and position in the market.

If you do not want to earn or pay interest on your positions, simply make sure they are all closed before 5:00 pm EST, the established end of the market day.

Since every currency trade involves borrowing one currency to buy another, interest rollover charges are part of forex trading. Interest is paid on the currency that is borrowed, and earned on the one that is bought.

If you are buying a currency with a higher interest rate than the one you are borrowing, then the net interest rate differential will be positive (i.e. USD/JPY) and you will earn funds as a result.

Conversely, if the interest rate differential is negative then you will have to pay.

Note that many retail brokers do adjust their rollover rates based on different factors (e.g., account leverage, interbank lending rates). Please check with your broker for more information on rollover rates and crediting/debiting procedures.

Here is a chart to help you figure out the interest rate differentials of the major currencies. Accurate as of 09/23/2015.

Benchmark Interest Rates

Country	Interest Rate
United States	0.25%
Euro zone	0.05%
United Kingdom	0.50%
Japan	0.10%
Canada	0.50%
Australia	2.00%
New Zealand	2.75%
Switzerland	-0.75%

Later on, we’ll teach you all about how you can use interest rate differentials to your advantage.

#Forex #Trading