Are Traditional Banks Better Than Internet Banking?

With the ubiquitous internet as it is today, you have the convenience of doing a variety of banking transactions online from the comfort of your home, in your office or while traveling. This extraordinary technological creation has so made life easier for a lot of people including professionals, the business community, housewives and scholars even for banking purposes. Notwithstanding, this new communication phenomenon people have not stopped patronizing the usual off line banks . The orthodox banks will always be there for those people who still choose to interact in an real bank in where they see staff and call them by name.The banks that have gone online and their offline counterpart have their advantages and disadvantages. It's up to you to consider and decide whether to transact your financial affairs with either an online bank or an off line one . What really count s is that you should know your financial demands so as to be able to actually be on the look out for the latest tendency in the banking industry and understudy them to see how it favors you. Even if you are loyal to your usual offline bank, you may also have the need to sometimes use the online banking service for an urgent transaction or when you are where the bank is not near by.Accomplished banks continue to use pen and paper for organizing financial transactions off line while in their online virtual offices computer and internet and keyboard are the instruments for banking transactions . The fact is that a lot of people are now online with financial products that are internet-only services meant to compete with the normal off line banks . Though these conservative banks cater mainly to their old customers, people who should know are advising them to also open online offices to serve the internet-savvy young people and by so doing attract more customersSecurity and person to person interactions are the main reasons people maintain the use of traditional banks. A lot of people feel that human contact is a necessity in any bank transaction; they want to hand their hard earned cash over to real teller.Banking online is quite the same as when you do the same thing in an offline bank. The significant dissimilarity is that your computer replaces paper or phone for accessing your account information for payments and statements reconciliations . You don't really have to worry about going to your local bank branch when you can do all the things necessary to effect a bank transaction in the comfort of your home with a desktop computer or laptop and internet connection.A principal advantage that internet banking offers people who go for online banking is cost effectiveness. Certain banks are known to charge their customers lower fees if the bank online banking services.

Headwinds Intensity

Economic activity still appears to be holding up at a pace that is consistent with at least modest economic growth. This week had a relatively light economic release schedule but the reports that were released tended to come in stronger than expected. Major reports include the ICSC chain store sales figures, which came were up 4.3 percent year-to-year. Chain store sales are clearly being bolstered by tax rebates. Most of the impact has been at discount stores and warehouse clubs. Department stores and most specialty apparel chains reported declines for the month. Furniture sales were absolutely awful. The major electronic chains and home improvement centers did not report sales. We suspect spending has held up at electronics chains, which should be one of the largest beneficiaries from rebates. Home improvement stores may also see another strong month for the same reason, with tax rebates trumping the drag from the housing slump.
First-time claims for unemployment insurance fell sharply during early July. Jobless claims probably are not as good as the drop suggests.

Investment management firms

Investment management firms (who typically manage large accounts on behalf of customers such as pension funds and endowments) use the foreign exchange market to facilitate transactions in foreign securities. For example, an investment manager bearing an international equity portfolio needs to purchase and sell several pairs of foreign currencies to pay for foreign securities purchases.Some investment management firms also have more speculative specialist currency overlay operations, which manage clients' currency exposures with the aim of generating profits as well as limiting risk. Whilst the number of this type of specialist firms is quite small, many have a large value of assets under management (AUM), and hence can generate large trades.

The Advantages of Trading Alone

People sometimes experiment with the idea to trade with other people. It might work, but for me, it did not. I trade alone. The advantages of trading alone are:You are free to make your own decisions without having to find a way to explain the rationale of your decisions to anybody else. Your time and effort can be focussed on what the market is doing and how you react to it, instead of worrying about the psychological and emotional dynamics of a trading group.You are free to experiment, based on the knowledge you gain from your experiences and your self-education, without having to asking others to allocate a certain portion of the trading funds to let you conduct your experiments.No one can blame you for their failures. No time is wasted on justifying your actions or feeling guilty about the impact of your trading blunders on someone else's financial situation.You alone are responsible and accountable for your own success or failure. You cannot shift the blame to anybody else. It could be disappointing to some knowing that they cannot blame anyone else if they fail. For others, it is very empowering to know that they, and they alone, are in charge of their own destiny.Personally, I believe that a person should trade alone first before he or she decides to trade with other people. This allows the individual to develop his own philosophy and his own understanding about himself and the market. I understand, however, that not everybody can trade alone because it requires a set of beliefs and values to be part of the trader's character. Not all people are created with the same set of characteristics. Not everyone can operate under the solitude of the journey. For example, there are people who need social contact more than others. Individuals who are social by nature and those who solve problems by talking to other people, may have difficulty undertaking a solitary endeavour.Furthermore, there are people who do not have faith in their abilities and in their capacity to learn to trade successfully. I know of individuals who need constant reassurance before they take any step towards their goals. In similar circumstances, trading in a group may be the only option available for some people to give them the push they need: otherwise, they may never start.by Marquez ComelabMarquez Comelab is a private trader in Melbourne, Australia. He is the author of The Part-Time Currency Trader, a book on how to develop trading strategies. He is also the founding editor of The Part-Time Investor Magazine: an online magazine

Safety of Client Funds

Assuring client fund safety is one of the single most important factors in the financial industry. GCI Financial Ltd is regulated by the International Financial Services Commission (IFSC) for trading in financial and commodity-based derivatives and other securities, including foreign exchange. The IFSC's strict requirements include capital adequacy, reporting and record keeping, and proper disclosure and conduct with clients. Furthermore, GCI has years of experience managing risk, a strong balance sheet, and offers additional legal and structural guarantees:Client funds held with GCI Financial Ltd ("GCI") are maintained in separate Customer Funds accounts and may never be utilized for operating expenses or for other purposes or commingled with GCI's operating capital.Funds are withdrawn from these bank accounts only as a direct result of clients' trading activities or clients' request for withdrawal. In the unlikely event of GCI's bankruptcy, client funds are legally protected and returned directly to the customer.Furthermore, GCI maintains a balance sheet with Net Capital in excess of minimum regulatory requirements.

BUYING AND SELLING TIPS IN FOREX

Order Basics :* Sellers are asking for a high price.* Buyers are Bidding at a lower price.* Trading is an auction.* Slippage occurs with most Market Orders.* The diffrence between the ASK and the BID price is the spread.A trader must understand what each order is, what it and what part it plays in capturing profit.A FOREX Trader must use three types of orders: a Market Order, a Limit Order, and a Stop Order.The two primary orders used for entering and exciting the market are a Limit Orders, and a Stop Orders. Once an order is placed your order to enter the market, there are two critical procedures: One-Cancels-the-Other( OCO ) and Cancel-and-Replace. Properly exectuing orders and understanding these procedures are a vital step to profitables trading.IMP : all good carpenters carry a toolbox. The sharper the tools and the more skilled he is at using them, the more effective he is. The sharper you become as a trader the more effcient and lucrative you will be.What orders do : A clear understanding of what each order does is essential before exectuing orders

Forex Trading Techniques

If you are looking at Forex trading techniques and which are the best to make profits then there are actually quite a few different ways of making money but before we look at some proven Forex techniques, lets look at one technique in terms of making profits, ALL good Forex trading strategies have and that’s sound Forex money management.
Any strategy which doesn’t protect equity and deal with leverage correctly is destined to lose and you need to have through understanding of it to win. Like any great football team, success is built on sound defence first. If you keep your equity intact, you will get opportunities to get into some big profitable trades. Forex trading is first and foremost all about taking your losses with discipline and keeping them small. Now what strategies should you use to make money?
As a general rule, the big profits come from trend following and hitting and holding these big trends. The best Forex trading technique to use for doing this is to trade breakouts; simply buy breaks to new chart highs and sell breaks to new chart lows. It’s a simple, timeless, strategy which works and will continue to work, as long as markets trend.
You can also trade overbought and oversold levels and Forex swing trading can be very profitable. This method is ideal for novices, as it’s exciting, fun, profitable and doesn’t require as much discipline as long term trend following.
There are of course many Forex trading techniques you can use to make profits and the ones outlined are some of the best so get some Forex education and learn them, get confidence and trade with discipline and you could soon be making some great profits in global Forex markets.