The Bombay Stock Exchange (BSE) switched over from the open outcry trading system to a fully automated computerized mode of trading known as the BSE Online Trading (BOLT) system in 1995. This system, which is both order and quote driven, was commissioned on 14 March 1995 and in May 1995, it was introduced for all the securities listed on the BSE.
Actually, it started with the screen based trading and in September 1997, switched over to the direct online access facility. In the initial stages, BOLT was available to brokers of the BSE based in Mumbai through leased lines. Today, it is available all over the country and even abroad.
Firms that have generated significant profits are those that follow the best forex trade practices. In spite of the lure of more profits, these traders never gave up the business ethics that they had adhered to earlier. Thus, major developments have taken place in the forex market, mainly due to the presence of those honest players.
In the currency market, even though the prominently traded currencies are the US dollar, Japanese yen, the Euro and the British pound, almost all the other major currencies of the world are also traded in different parts of the world. In most instances, the trade in currencies takes place more frequently if there is a booming trade between particular countries.
Almost all the countries of the world have trade relationships with the United States, Japan and the European Union. It is this advantage that has resulted in the US dollar being the most traded currency in the world. All the trade in commodities and other goods are invoiced in the dollar. Literally speaking, the US is the main beneficiary of the liberalized financial system.
In the currency market, there are about 10 currencies on which a majority of the trade is taking place. A similar situation can be seen in the stock market in Mumbai. The benchmark index is determined by the performance of a few most traded securities on any trading day.
Monday, March 15, 2010
Thursday, January 7, 2010
Forex Robot - This Free One Its Made Millions Works and Will Continue to Work Get it Here!
Here I am going to give you a free forex robot which has been used since the late seventies by savvy trades and has made countless millions. It's easy to understand and all the details about it are enclosed so you can make big profits with it too...
This free forex robot, has simply made money, done it over 25 years and it's so simple and effective, so lets look at how and why it works.
The System Rule
It's called the 4 Week Rule and was discovered by trading veteran, Richard Donchian who is considered the gandfather of modern trend following and one of the most influentiual trader of all time. Here is the rule that gives its name:
Buy a new 4 week calendar high and hold, until a new 4 week calendar low is hit and then reverse your position; keep doing this on each new 4 week high and low. You always need to maintain and open position and simply keep reversing, long to short.
One Simple rule - but if you think about it, its obvious why it works and will continue to work, as long as markets trend long term and they will in a free market economy so:
Based on Sound Market Logic
Currencies trend long term for a considerable periods of time which can be months or even years and this system will get you in on and hold these trends. Of course, most of the big trends start and continue from new market highs or lows - just look at a forex graph and you will see this is true.
So what you have is a simple, robust, long term breakout trading system which will put you on the side of every major trend and keep in you in it for maximum profits.
Simple Systems are Best
All the best trading systems are simple and very robust, as they face the volatile, often brutal trading conditions. Complicated systems tend to get turned to dust, as they have too many parameters and break.
It Will Continue to Work
The system will continue to work, as long as markets trend longer term and think we can take that as a geven, in a free market. If you have the discipline to follow it, you will have a system that can lead you to long term profits with your forex trading strategy. If you are serious about making money, you should consider this system.
Think About it?
Would you prefer to pay to trade a forex trading system which only has a paper profits ( most sold forex robots simply have simulated back tests and have never traded for real) - or this one, which has been used by some of the best traders in the world and has been making them millions, for over a quarter of a century?
I know which I Would use and I do, this system is simply excellent!
This free forex robot, has simply made money, done it over 25 years and it's so simple and effective, so lets look at how and why it works.
The System Rule
It's called the 4 Week Rule and was discovered by trading veteran, Richard Donchian who is considered the gandfather of modern trend following and one of the most influentiual trader of all time. Here is the rule that gives its name:
Buy a new 4 week calendar high and hold, until a new 4 week calendar low is hit and then reverse your position; keep doing this on each new 4 week high and low. You always need to maintain and open position and simply keep reversing, long to short.
One Simple rule - but if you think about it, its obvious why it works and will continue to work, as long as markets trend long term and they will in a free market economy so:
Based on Sound Market Logic
Currencies trend long term for a considerable periods of time which can be months or even years and this system will get you in on and hold these trends. Of course, most of the big trends start and continue from new market highs or lows - just look at a forex graph and you will see this is true.
So what you have is a simple, robust, long term breakout trading system which will put you on the side of every major trend and keep in you in it for maximum profits.
Simple Systems are Best
All the best trading systems are simple and very robust, as they face the volatile, often brutal trading conditions. Complicated systems tend to get turned to dust, as they have too many parameters and break.
It Will Continue to Work
The system will continue to work, as long as markets trend longer term and think we can take that as a geven, in a free market. If you have the discipline to follow it, you will have a system that can lead you to long term profits with your forex trading strategy. If you are serious about making money, you should consider this system.
Think About it?
Would you prefer to pay to trade a forex trading system which only has a paper profits ( most sold forex robots simply have simulated back tests and have never traded for real) - or this one, which has been used by some of the best traders in the world and has been making them millions, for over a quarter of a century?
I know which I Would use and I do, this system is simply excellent!
Automated Forex Trading Systems - One of the Best is Free and Enclosed!
If you want an automated forex trading system that works, you should look at the one enclosed which has been at the heart of many a great trading system over the last 25 years and made millions. Let's reveal the system, how and why it works...
Before we start lets make a general point in relation for forex trading software.
Automatic forex trading systems have a poor reputation overall, this is due to the numerous junk systems that are sold with made up track records which are simply paper back tests.
Of course they don't ever do the same gains in real time and the trader loses his money. The system enclosed however has been proven over the years and is still in use today and makes money.
The system is simple, it only consists of one rule and was devised back in the late seventies, by famous trader Richard Donchian, who noticed a cycle in the markets of four week trends and this cycle gives the system its name - The 4 Week Rule.
Here is the rule:
Buy a 4 week calendar high, hold an open position and then reverse it to a short, when a 4 week calendar low is hit. Wait for the next 4 week high, before reversing and going long and keep reversing as 4 week lows and highs are hit. The system always has an open position. While the system is simplicity itself, it's obvious why it works.
It's a simple, robust breakout strategy and it's a fact most currency trends start and continue from new lows or highs.
Currencies trend for long periods, this system will get you in and keep you in on every long term trend.
The system doesn't even need software; you can do the calculation in your head and its incredibly time efficient. The system also gives you a rule you follow and you don't need to make any judgements at all - you simply execute the trading signals and that's it.
It's a simple, automated forex trading system and it works.
Its downside (and all systems have one) is when markets don't trend strongly, it will incur drawdown and losses - but you can add another rule to smooth the fluctuations.
You can place a stop at a one or two week, high or low and then wait for the next four week signal to get back in.
Surprisingly, most traders won't even bother with the above system despite the fact its proven longer term to make money. The main reason is - they don't have the discipline to follow it.
It takes discipline to follow a long term system and most traders simply can't do it.
They prefer unproven, back tested robots with fancy names and big claims yet, a free system that could make them money they ignore!
If You are Interested in Profits Then...
If you are interested in making money and have a disciplined nature you will love the 4 Week Rule which is a mechanical trading system that works. Simple logic yes - but it's profitable and will continue to work, as long as markets trend
Before we start lets make a general point in relation for forex trading software.
Automatic forex trading systems have a poor reputation overall, this is due to the numerous junk systems that are sold with made up track records which are simply paper back tests.
Of course they don't ever do the same gains in real time and the trader loses his money. The system enclosed however has been proven over the years and is still in use today and makes money.
The system is simple, it only consists of one rule and was devised back in the late seventies, by famous trader Richard Donchian, who noticed a cycle in the markets of four week trends and this cycle gives the system its name - The 4 Week Rule.
Here is the rule:
Buy a 4 week calendar high, hold an open position and then reverse it to a short, when a 4 week calendar low is hit. Wait for the next 4 week high, before reversing and going long and keep reversing as 4 week lows and highs are hit. The system always has an open position. While the system is simplicity itself, it's obvious why it works.
It's a simple, robust breakout strategy and it's a fact most currency trends start and continue from new lows or highs.
Currencies trend for long periods, this system will get you in and keep you in on every long term trend.
The system doesn't even need software; you can do the calculation in your head and its incredibly time efficient. The system also gives you a rule you follow and you don't need to make any judgements at all - you simply execute the trading signals and that's it.
It's a simple, automated forex trading system and it works.
Its downside (and all systems have one) is when markets don't trend strongly, it will incur drawdown and losses - but you can add another rule to smooth the fluctuations.
You can place a stop at a one or two week, high or low and then wait for the next four week signal to get back in.
Surprisingly, most traders won't even bother with the above system despite the fact its proven longer term to make money. The main reason is - they don't have the discipline to follow it.
It takes discipline to follow a long term system and most traders simply can't do it.
They prefer unproven, back tested robots with fancy names and big claims yet, a free system that could make them money they ignore!
If You are Interested in Profits Then...
If you are interested in making money and have a disciplined nature you will love the 4 Week Rule which is a mechanical trading system that works. Simple logic yes - but it's profitable and will continue to work, as long as markets trend
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