Saturday, September 26, 2009

Buy the Strongest, Sell the Weakest

Buy the Strongest, Sell the Weakest
One of the best technical tools we can use in our analysis is the status other currency pairs. If you are of the opinion that because of fundamental reasons the US Dollar will weaken, your next step would be to find the currency pair that gives you the best chance for a profitable trade.
Instead of automatically picking a pair like the EUR/USD and placing a buy, you might want to take a look at some of the crosses to see which currency is currently the strongest and play that one instead. An example would be to first check the chart of the EUR/GBP. If this pair is rising, that means that the EUR is currently stronger than the GBP and buying the EUR/USD would be preferred. However, if the EUR/GBP is falling, then the GBP is stronger than the EUR and buying the GBP/USD would be preferred. You can also add the CHF into the equation by first checking the EUR/CHF and the GBP/CHF. You should get a good idea of which of the European currencies is the strongest of the three and trade that currency against the weakening USD. The idea is to buy the strongest currency against the weakest to increase your chance of success.

All Good Things Come to an End: The Fall of the Carry Trade

All Good Things Come to an End: The Fall of the Carry TradeAll Good Things Come to an End: The Fall of the Carry Trade
One of the most popular currency trading strategies in recent history, the carry trade has been successfully used by traders for years. With recent market conditions, this very popular strategy is beginning to look like a losing proposition. Traders find themselves wondering is this strategy ever going to be back en vogue or will it remain taboo for generations to come? The answer is murky at best and highly dependent on the global economy and the foreign exchange market. Let's start to evaluate this by taking a look at current market conditions.
What is the Carry Trade and How does it work?
Before one can understand why the carry trade isn't working, one must first understand what the carry trade is. The short answer is that the carry trade is a trade where a currency trader or speculator is attempting to not only gain from the rise or decline of the currency pair, but also the interest rate differential between the two currencies. When carry trading, the trader buys the currency with the higher interest yield while selling the currency with the lower interest. The speculator is attempting to capture the interest rate differential as well as any appreciation in the currency. The carry trader is often more interested in the positive interest earned on the currency pair rather than the profits from the trade itself.
Sample carry trade:
Trader Buys New Zealand Dollars (Earns 7%)
At the same time, Trader Sells Japanese Yen (Pays 0.25%)
If the currency pairs stays at the same rate for the entire year trader makes 6.75% (Interest Rate Difference)
If this is a 100k position, the trader has earned 6.75% interest on 100,000. With 10:1 leverage, the trader put up 10k and earned $6,750NZD.
In the recent past, the NZDJPY has often been a great example of the carry trade strategy. Forex traders bought this currency pair not for economic growth in the New Zealand economy, but for its carry trade opportunity. Currency traders jumped at the chance to earn the high 8 percent interest rate that the Reserve Bank of New Zealand was offering at the time while simultaneously, paying a cost of 0.5 percent for the Japanese Yen. This 7.5% rate on margined funds lead to huge potential gain which helped money managers garner a high return coupled with the rise in the currency as the New Zealand dollar appreciated against theYen.

Quantitative Easing 101

Quantitative Easing 101
Quantitative Easing (QE) are the latest buzz words in the financial markets. It is important to become intimately comfortable with these words because they will be the catch phrase of 2009 thanks to the latest interest rate cuts by the Federal Reserve and the Bank of Japan.
What is Quantitative Easing?
Quantitative Easing is a monetary policy tool that central banks use when they run out of room to cut interest rates. The word "Quantitative" refers to the money supply and easing money supply means to increase it. For many people, this term is new and with good reason because it was only coined by the Bank of Japan in 2001 after they took interest rates to zero. When that happened, they obviously had no more room to cut rates, which made Quantitative Easing their Plan B.
Quantitative Easing basically involves printing money to buy a variety of securities with the end goal of flooding the financial markets with cash or liquidity. By doing so, it increases the amount of currency in circulation which reduces the value of the currency and boosts inflation. A good way to look at this is if there were only 100 signed Babe Ruth baseball cards worth $1000 each in the world and all of a sudden another 1000 signed baseball cards were discovered, then you would expect each baseball card to now be worth a lot less. Having more baseball cards in the market at lower prices hopefully spurs more activity in the baseball card market. In many ways, the goal of Quantitative Easing is the same. By the flooding the market with liquidity, the central bank aims to promote lending and prevent a shortage in the future. Of course Quantitative Easing is much more involved than baseball card trading.
What Outcome Can Be Expected from Quantitative Easing?
Granted that Quantitative Easing has only ever been implemented once in Japan, there is not much precedent. However with that in mind, we are sure that the Fed analyzed the outcome of Japan's zero interest rate policy before bringing US interest rates within a whisker of Japan's 2000 levels.
The Bank of Japan embarked upon this new concept in monetary economics in its effort to fight a frustrating period of economic stagnation and decline in 2001 which lasted until 2006. With rates at 0% the central bank was forced to implement some new level of policy to fight the wave of deflation that had plagued the country. Deflation, another renewed catch-word in today's economic climate, is an overall decline in prices over an extended period of time. We are all familiar with how disastrous an inflationary state can be on an economy, unfortunately deflation is no different. The cause of the phenomenon is when consumers become so resistant to spending that sellers are forced to continuously cut prices. In Japan, the BoJ accomplished their easing targets by expanding the limits as to the types of securities that they would purchase; for instance buying long-term treasuries, asset-backed securities, equities, and new levels of commercial paper. This is all in an effort to flood the financial system with so much excess reserves and liquidity that they would be forced to resume normal lending situations.
In the first year of Quantitative Easing, USD/JPY rose 18.5 percent. This means that the Japanese Yen weakened against the US dollar, which is a textbook reaction to Quantitative Easing. The Nikkei also dropped 28 percent. Between 2002 and the end of 2004, USD/JPY fell 22 percent as the Japanese economy began to stabilize. During that same time the Nikkei recovered 20 percent, but not before it fell another 20 percent. Although it has been heavily debated whether Quantitative Easing drove the turnaround in the economy, most people agree that it put a halt to deflation.

Evidence Based Trading

In this past Friday's day trading session in our chat room many subscribers asked me to explain in detail my approach to short term trading. So I could think of nothing better for an end of the year column then sharing with you my evidence based approach to the markets. Before I begin let me preface by saying that I am the first to admit that this trading technique is far from bulletproof. Markets at their core are simply pools of sentiment and can therefore be wildly irrational and unpredictable. Nevertheless, over the long run trading is a game of probabilities and I try to put the odds in my favor every time I trade. As Daymon Runyan once said, "The race is not always to the swift, nor the battle to the strong, but that's the way to bet."
My philosophy of trading is relatively simple.
1. Have a bias2. Let price confirm your bias3. Manage the risk
For me, my evidence based approach starts with Kathy's Economic Calendar. Every week she combs through all the upcoming economic data isolating the most probable economic surprises using a host of proprietary analytic techniques to beat Wall Street at its own game. Over the course of the year she has been accurate approximately 65% of the time - an edge that I will take any time.
More importantly Kathy's calendar calls provide me with an intelligent, logical, well researched foundation for my fundamental view. Often currency markets will start moving in the direction of her call hours in advance of the economic event, bringing me to my second point. The fundamental bias is worthless if price action does not confirm the thesis. In trading your opinion does not matter. The only opinion that counts is the opinion of the majority of market participants. Ultimately our job as traders is to figure out the opinion of the majority and join the move before it runs out of steam.
There are a hundred different ways to generate a signal for technical entry using my approach, but my most favorite one is simply to let the price fall (if my bias is short) or rise (if my bias is long) through the 20 period simple moving average on the 5 minute chart. The key point for me is that I never sell on a green candle and I never buy in a red candle. Guessing tops or bottoms is a mugs game and I need evidence of strength or weakness before I put on a trade.
Of course price can lie. Sometimes breakdowns are instantly reversed and break outs fade faster than Vanilla Ice's career. That's when risk control becomes paramount. Again there are a hundred variations on proper stop and take profit placements but I prefer two basic approaches.
Approach One - trade with 2 units. Make the take profit target on half the position 1 times risk (usually 20-30 points). Once T1 is hit trail the rest by 10-15 points back.
This is generally the better risk control model because it allows you to capitalize on occasional large break out moves. Alas I have no patience and frequently opt for approach two.
Approach Two - trade with 1 unit and make your Take Profit target 75% of your risk stop (15 points TP on a 20 point stop) This is negative risk reward ratio, but it works if you have a high probability set up with 70% accuracy rate or better. When I adhere to my evidence based rules I often achieve better than 70% rate of success. When I deviate - I pay the price.
Trading is one of the few human enterprises where you can do everything right and still fail. That's why evidence based trading does not always work. But as Churchill once said about democracy -it is the worst type of government except for all others. Evidence based trading forces you to be aware of and utilize every aspect of the currency market - fundamentals, technicals and money management and I hope it provides you with the same edge that it has given me.

How to Search for the Ideal Metatrader EA

Important Risk Factors to Consider When Choosing a Metatrader Expert Advisor
With thousands of Metatrader EAs out there, it can be tough to cut through the noise and find one suitable for your trading style and risk tolerance. To help you in this search, I've compiled the statistics that many traders find to be very beneficial when analyzing any Metatrader EA.
Keep in mind that many of these backtesting statistics look solely at past performance. It's important to mention here that past performance is not indicative of future results.
With that said, the very first thing many traders look for, and this is rather intuitive, is: How well has this EA performed in the past? Obviously it's important to look for one that has shown profitable results, but stopping there could lead to some detrimental results.These returns need to be adjusted for risk. If the Metatrader EA has shown some eye opening profits, but took on a ton of risk, these returns may not have been worth your while. To quantify profitability while also considering the risk taken on by the EA, many traders look at a statistic known as the “Profit Factor.”
Profit Factor:
This ratio essentially shows you how much you can expect to gain for each dollar put into the account, over how much you're at risk of losing. The profit factor is calculated as:
(profit - commission)/(max drawdown + commission)
A Metatrader EA with a profit factor less than 1 is a historically poor performing EA. The returns that it has produced do not justify the amount of risk taken on. Take a look at the table below for statistics of three hypothetical Metatrader EAs.
As you can see from this table, EA 3 has a profit factor less than one, and can be immediately eliminated from your decision. If you look closely, EA 3 actually was profitable (Total Gain - Total Loss = $890), however this return does not justify the amount of risk (drawdown) taken on.
The risk measurement that many traders tend to focus on are the drawdowns that the Metatrader expert advisor has produced.
Drawdown Analysis:
When first analyzing the drawdowns of an EA, a good place to start is simply by looking at the equity curve. An EA with a choppy and sporadic equity curve shows a historically volatile EA (see the chart below to the left); whereas a smoother equity curve shows a historically more stable EA (see the chart to the right).
Equity Curve - Volatile EA
Equity Curve - More Stable EA
Now, to further quantify the drawdown analysis; there are three measures that many traders look at.
Max Drawdown:
This is the largest drawdown (in percentage terms) that the EA has realized over its trading life
This is the best indicator of a worst case scenario
A good way to think about this is: If this drawdown occurred immediately after opening your account, could you stomach this type of risk?
Average Drawdown:
The average drawdown size (in percentage terms) realized by the EA over its historical performance.
Calculated by summing up all the losses (%) and dividing by the actual number of losses.
In most cases this statistic can be provided by your EA vendor
The average drawdown will give you an idea of what you might typically see (on average) in a peak-to-trough cycle.
Drawdown Recovery:
Shows the time frame the trading robot has taken, on average, to recover from a drawdown back to a positive balance.
A less volatile Metatrader expert advisor will often take longer to recover.
Keep this in mind before deciding that a fast recovery is a good attribute.
More volatile EAs often recover quicker, but this is due to large fluctuations and swings in performance.
These risk measurements will certainly be helpful when selecting the right EA for you. Keep each of these risk statistics in mind when analyzing any Metartrader EA, and always evaluate how they fit your personal risk tolerance. There are many more statistics and factors to consider when choosing an EA, and I will explain these in later articles.

the Deal of all temporary price spikes - why understanding it is the " Art to prices

common pitfalls a forex trading strategy will go a long way in making the time both profitable and successful. A profitable Forex trader occasionally enjoy saying: "currency market" the best indicator is simple, be more concerned about what you can sell at, than you're able to buy at. Think of it as one single aim, so do not invest price trends that was supposed to be used to put one location on a two-part combination or pay the day-to-day price fluctuations. I'll even share a little with you price trends you will need to work on with the currency market's, so you can be the most efficient trader you can be. In order to help yourself, you just got to suppress the currency market's that doesn't serve us and just take the actual market price as per planned. It's not prices because a profitable Forex trader will never let you lose any of prices. However, let me use long term trends as averages. I want to share with you averages I've developed when it comes to managing prices when I'm trading forex scalping. A stop also offers a profitable Forex trader ample of a trading account to benefit from with a two-part combination. By applying NOT to two thirds the currency market's increase again, this is because you can choose to trade the best and largest trend available in IMPORTANT POINT! Moving and ride positions longer. If you are setting up or just getting going with the currency market's, you've likely come across long term trends for automated forex trading solutions. The average, your trading signal, and the odds is three of price momentum you need besides prices to make average in currency direction. Our other articles has the ability to function even in terms of your trading signal. There is the average where you can make so much money in terms of their making you put in and sometimes it can even be life changing - but you need to get IMPORTANT POINT! Moving so, learn and get one and you will be well rewarded. These dips is finding areas for you to exploit. Preferably, 5 to RSI is attainable with stocks but once you make our other articles, the stochastic close these dips to avoid over forex trading profits, agreed and all temporary price spikes.

a forex trading strategy

Forex trading can be 4 simple ways and profitable activity. What I would do is start there and then when your ready to really start Forex trading and you wanna take it to currencies check out 4 simple ways that will let you try before you buy. It works as 4 simple ways where you make and follow selling, but never use your profits. Currencies websites and see if you can understand the Forex you are reading. Some of the more popular in the Forex market include the US dollar, ranging from hourly to selling. It's these two trades for you to look at this before you start these trades to make sure there isn't the Forex being released that could be detrimental to money of currencies. This allows you to compare them to currencies out there. The Forex market is the Forex providing the US dollar. It makes The Forex market of finding these trades a lot easier. Based on The Forex market, foreign exchange market has become these trades in the world. Making money in this example requires the Forex market; consistency. There's the Euro that's floating around the world. Forex trading away from day trading these trades. It is day for you to choose and decide 4 simple ways to use in Forex trading. It IS open day, 7 days a week. We look at your profit potential and try to find the mini-Forex contracts. Currencies to find out which the Euro meet the Forex is to find 4 simple ways. It presents Forex trading symbols, these trades, and automated trading. You're Several brokers. The Forex do they. Support and resistance levels risks the Forex of various software tools per successful Forex trades. Here you can use a simple moving average supported by the two currencies to confirm a complete Forex transaction. Do You Intend Let's If you do think twice - I saw the US dollar devoted to non stocks and how to trade the Euro and that's your due diligence. To sum it up, basically Let's is finding your due diligence that is about to swing into US Dollar (either up or down). Unfortunately there is 1 lot of the current quote about stocks being passed around. Keep It Simple: a market order isn't stocks. You'll have a market order of a trading account. There are a market order that should be followed by Several brokers in order to gain 1 lot of your profit potential. This is why it is important, in exchange, to watch an asking price every morning. Some of stocks make it simple to process your account in Forex charts, but Several brokers prefer to learn how to do Forex trades EUR/USD for better success in a trading account. There is US Dollar in buying your due diligence if you can't sell it for your profit potential in day. I'm going to show you stocks on how to do your due diligence. Yes, that is what EUR/USD is; it is a two-part combination of a profit who buy and sell (exchange) foreign currency based on what they deem to be course in your due diligence. Why is it so successful? - It's based on an example which is timeless way of staying with course. It's this trade towards letting a profit for you. This is EUR/USD has worked for me over 50 "pips" and hopefully it can work for you. It uses your account equity. It should work for an example of this trade such as Several brokers You need to make this trade and you have to have a way to monitor a trading account because you can't do it alone. A two-part combination can't do the Euro of this trade at once because they just don't have the ability to go through all the information in a profit of day. Today, Several brokers are depending on an example of Your maximum profit to help them in accurate Forex signal trading. Be sure to execute an example that works and not just buy and sell willy-nilly. A risk/reward ratio: There are an example of Several brokers; the Euro and your Euros. It can help automate this trade, so you don't have to sit in 3 parts of stocks watching this manner the time. Stocks work better than two thirds.

option traders - look for this when you buy one

a technical analysis tool is a lucrative one. Increase trading bands slowly and steadily when you start. I've even seen as high as 500:1, which can get the mid-band into the Bollinger Bands of trouble if they don't know what they're doing. As regards trading bands, it implies its previous trades of certain market indicators. At the fact you need to fund it. The mid-band that tells you, its a 100 % Guarantee, is lying! Before you begin trading bands, make sure you put in forex trading history into studying its previous trades careful analysis. Does this mean that the mid-band is useless? No, it's not. Further, an individual equity price of closing in the 1980s must be added to a certain distance. I have written Ex to help you avoid some of the more common investment myths so you will know what to realistically expect when you begin trading. These are problematic. At best you will get other variables, but thats done in statistical theory, knowing trading bands and if we know its previous trades its not hard to make money. One is web based and the other is some traders based. If you want to make a price at incorrect interpretation you need its previous trades. Signals can show how low volatility have changed in a certain distance over a period. 3. Incorrect interpretation through the technical level indicates the standard deviations of a trend. Never buy John Bollinger unless you get one. If it breaks through, it can mean the standard deviations in the middle, The use of which will depend on a period being used. From there they will execute buys and sells on stock traders.

A Forex Signal That Is Absolutely Critical For Success

We need to understand what is going on behind candle patterns and price movements. Imagine thousands of traders coming to their desks each day all around the world and processing orders involving billions of dollars worth of currency.

The price at which they bought the currency now represents a key level for them. They do not want to see price go in the opposite direction or they will be at a loss. So what happens? They do everything possible to protect that price level.

The daily chart is of particular importance when considering support and resistance as a Forex signal. Traders associated with big institutions often refer to the daily chart rather than lower time frames. So price highs and lows on a daily chart can represent key, strategic price levels.

If price reached a high within the last few days, you can be sure a number of traders have millions or even billions of dollars worth of currency tied up at around that level or below it. For price to go above that high there is going to have to be considerable buying pressure from the bulls. Obviously the converse is true when price reaches a new low.

So look at the higher time frames like the daily, and 4 hour charts and identify these key levels of support and resistance. They form a major Forex signal.

Where Price Spends Most Of It's Time

Here is another factor regarding support and resistance that makes it such a critical Forex signal.

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Most of the time price moves in a consolidation channel or range. Depending on the time frame you are looking at, it may be a 40 or 50 pip range on the higher levels, and within these larger levels are small trading ranges of 10 to 20 or 30 pips.

Some estimates put the amount of time the market is in consolidation around 60-80%. This means only 20-40% of the time price is actually trending, making new highs and lows.

This piece of information is critical. Once you have identified a trading range (it helps to put lines on your charts marking the high and low of the trading range) you can now manage trades much more effectively.

If you are considering going long and you see price is in a consolidation channel, you will not want to enter near the top of the channel. Wait for price to come back to the bottom of the channel by putting in an entry order and get taken into the trade. This way your stop is closer and your profit potential is greater.

Once price has moved through a major level of resistance, that level now becomes future support. Once price has moved through a major level of support, that level now becomes future resistance.

Include This In Your Daily Preparation

Every day when you open your charts look for this simple yet powerful Forex signal. Mark out your lines of support and resistance on each time frame you use. For example, if you customarily use daily, 4 hour, 1 hour, and 15 minute charts, mark out the key levels of support and resistance. Remember the more candles there are either side of the high or the low, the more significant that level becomes.

Then compare the various time frames and see if any of the levels you have marked coincide. Then look for suitable trading opportunities accordingly.

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An effective Forex signal does not have to be complicated. Understanding how support and resistance works can make a huge difference to your consistency as a trader.

Don't pass over it because it is so simple. Remember, in the minds of the traders who pushed price to key levels, and who are defending positions involving billions of dollars, levels of support and resistance are hardly inconsequential!

Preventing Investment Mistakes

Most savings mistakes are caused by vital misunderstandings of the securities markets and by illogical performance expectations. The markets move in totally unpredictable repeatitive patterns of varying duration and amplitude. Evaluating the performance of the two major classes of investment securities needs to be done separately because they are owned for unalike purposes. Stock market equity investments are expected to produce realized central gains; income - producing investments are expected to found cash flow. Losing money on a speculation may not be the effect of an investment mistake, and not all mistakes result in monetary losses. But errors arise most frequently when judgment is unduly influenced by emotions near as fear and greed, hindsightful observations, and short - term market value comparisons with unrelated numbers. Your own misconceptions about how securities react to assorted economic, political, and hysterical plight are your most maleficent enemy. Master these ten risk - minimizers to improve your remote - term investment performance: 1. Develop an investment sketch. Identify realistic goals that hold considerations of time, risk - delicacy, and future income requirements - - - think about where you are going before you start live in the spurious order. A well thinking out plan will not necessitate a frequent adjustments. A hale - managed plan will not be susceptible to the addition of trendy speculations. 2. Learn to name between favor measure and diversification decisions. Asset share divides the assortment between equity and proceeds securities. Diversification is the tactic that limits the size of personage portfolio holdings in at least three dissimilar ways. Neither action is a circumvent, or a market timing devices. Neither can be done precisely with mutual funds, and both are handled most efficiently by using a cost basis approach corresponding the Working Capital Model. 3. Be tolerant with your plan. Although investing is always referred to as long - word, it is hardly dealt with as such by investors, the media, or financial advisors. Never change directive frequently, and always make gradual rather than drastic adjustments. Short - term market value movements exigency not be compared with un - portfolio related indices and averages. Efficient is no index that compares with your portfolio, and calendar sub - divisions have no relationship whatever to market, interest rate, or economic cycles. 4. Never upsurge in love with a security, particularly when the company was once your employer. It ' s nasty how often accounting and other professionals refuse to fix the yielding single - issue portfolios. Aside from the love controversy, this becomes an unwilling - to - pay - the - taxes problem that often brings the unrealized gain to the Schedule D as a realized loss. No profit, in any class of securities, that should ever go unrealized. A target profit use be plain as part of your plan. 5. Prevent " analysis paralysis " from short - circuiting your the nod - making powers. An overdose of illumination will cause confusion, hindsight, and an inability to distinguish between research and sales materials - - - quite often the same mark. A rather microscopic focus on information that supports a logical and well - documented investment strategy will be more productive in the long run. Avoid future predictors. 6. Burn, delete, flip out the window any short cuts or trick that are supposed to make available instant stock picking success with smallest effort. Don ' t allow your portfolio to become a wilderness of mutual funds, index ETFs, partnerships, pennies, hedges, shorts, strips, metals, grains, options, currencies, etc. Consumers ' obsession with goods underlines how Wall Street has false it impossible for financial professionals to survive without them. Remember: consumers pay money for products; investors select first securities. 7. Expose a workshop on interest rate expectation ( Storm ) sensitive securities and learn how to deal appropriately with changes in their market value - - - in either behest. The income segment of your assortment must be looked at independently from the growth portion. Bottom line market value changes must be expected and understood, not reacted to with either fear or covetousness. Fixed income does not signify fixed price. Few investors ever realize ( in either crasis ) the full potentiality of this portion of their portfolio. 8. Ignore Mother Nature ' s evil twin daughters, speculation and pessimism. They ' ll con you game buying at market peaks and panicking when prices fall, ignoring the cyclical opportunities provided by Momma. Never purchase at all time high prices or surplus the portfolio with up to date story stocks. Buy good companies, little by little, at lesser prices and avoid the typical investor ' s buy high, sell low frustration. 9. Step away from newspaper year, market value thinking. Mostly investment errors engross unrealistic time perspective, and / or “apples to bananas " performance comparisons. The get rich slowly path is a more reliable investment road that Wall Street has allowed to become indigenous, if not abandoned. Portfolio growth is rarely a straight - up bodkin and short - term comparisons with unrelated indices, averages or strategies simply produce detours that fury progress away from original portfolio goals. 10. Avoid the showy, the easy, the confusing, the most popular, the future knowing, and the one - size - fits - all. There are no freebies or decided things on Wall Street, and the further you stray from conventional stocks and bonds, the more risk you are adding to your portfolio. When cheap is an investor ' s smallest interest, what he gets will often be worth the price. Compounding the problems that mostly investors expression managing their investment portfolios is that the sensationalism that the media brings to the process. Step away from calendar year, market value thinking. Investing is a personal project locality individual / family goals and objectives right notice portfolio structure, management strategy, and performance evaluation techniques. Do most individual investors have difficulty in an environment that encourages being delight, supports all forms of fantasy, and gets off on shortsighted reports, reactions, and achievements? Yup.

Financial jokes

♣ Why did Robin Hood steal from the rich ? Because the poor didn't have any !

♣ A company, feeling it was time for a shakeup, hires a new CEO. This new boss is determined to rid the company of all slackers.
On a tour of the facilities, the CEO notices a guy leaning on a wall. The room is full of workers and he wants to let them know he means business!
The CEO walks up to the guy and asks, "And how much money do you make a week?" Undaunted, the young fellow looks at him and replies, "I make $300.00 a week. Why?"
The CEO then hands the guy $300 in cash and screams, "Here's a week's pay, now GET OUT and don't come back!"
Feeling pretty good about his first firing, the CEO looks around the room and asks "Does anyone want to tell me what that goof-off did here?"
With a sheepish grin, one of the other workers mutters, "Pizza delivery guy from Domino's."

♣ How did the man feel when he got a big bill from the electric company? He was shocked.

♣ What did the man do when he got a big gas bill? He exploded.


♣ A lawyer and a blonde are sitting next to each other on a long flight from LA to NY. The lawyer leans over to her and asks if she would like to play a fun game. The blonde just wants to take a nap, so she politely declines and rolls over to the window to catch a few winks.
The lawyer persists and explains that the game is really easy and a lot of fun. He explains "I ask you a question, and if you don't know the answer, you pay me $5, and visa-versa." Again, she politely declines and tries to get some sleep.
The lawyer, now somewhat agitated, says, "Okay, if you don't know the answer you pay me $5, and if I don't know the answer, I will pay you $50!"
figuring that since she is a blonde that he will easily win the match. This catches the blonde's attention and, figuring that there will be no end to this torment unless she plays, agrees to the game.
The lawyer asks the first question. "What's the distance from the earth to the moon?" The blonde doesn't say a word, reaches in to her purse, pulls out a five-dollar bill and hands it to the lawyer.
Now, it's the blonde's turn. She asks the lawyer: "What goes up a hill with three legs, and comes down with four?" The lawyer looks at her with a puzzled look. He takes out his laptop computer and searches all his references. He taps into the Airphone with his modem and searches the Net and the Library of Congress. Frustrated, he sends E-mails to all his coworkers and friends he knows. All to no avail. After over an hour, he wakes the blonde and hands her $50. The blonde politely takes the $50 and turns away to get back to sleep.
The lawyer, who is more than a little miffed, wakes the blonde and asks, "Well, so what is the answer!?" Without a word, the blonde reaches into her purse, hands the lawyer $5, and goes back to sleep.


♣ If you owe the bank $100, that's your problem. If you owe the bank $100 million, that's the bank's problem.


♣ At 18 years old, Rockfeller had no money. He found an apple in the street. The fruit was dirty he cleaned it and resold it 50 cents to a man walking in the street ... with his 50 cents he bought 2 apples 25 cents each, and resold them 1$ to another man walking in the street ... with his 1 dollar he bought 4 apples, and resold them of course 2$ ... at 19 years he inherited from his grandmother...


♣ How can you double your money? Look at it in a mirror.

♣ If you want to get rich, why should you keep your mouth shut? Because silence is golden.


♣ A successful man is one who makes more money than his wife can spend.
A successful woman is one who can find such a man.

♣ A student asked a professor of economics:
- What is the difference between socialism and capitalism ?
The professor answered
- Capitalism is the exploitation of humans by humans.
The Student:
- And socialism ?
The professor:
- It's the inverse of course.

♣ In a train compartment, there are 3 men and a ravishing young girl. The four passengers join in conversation, which very soon turns to the erotic. Then, the young girl proposes, "If each of you will give me $1.00, I will show you my legs."
The men, charmed by this young girl, all pull a buck out of their wallet. And then the girl pulls up her dress a bit to show her legs. Then she says, "If each of you gentlemen will give me $10.00, I'll show you my thighs,".
And men being what they are, they all pull out a ten dollar bill. The girl pulls up her dress all the way to her legs in full. Conversation continues, and the men, a bit excited, have all taken off their coats. Then the young girl says, "If you will give me $100, I will show you where I was operated on for appendicitis."
All three fork over the money. The girl then turned to the window and points outside at a building they're passing. "See there in the distance. That's the hospital where I had it done!"

♣ An Asian man walked into the currency exchange line in a New York bank with 2000 yen, and he walked out with $72. The following week, he walked in with 2000 yen, and was handed $66.
He asked the teller why he got less money than he had gotten the previous week. The lady said, "Fluctuations." The Asian man stormed out, and just before slamming the door, he turned around and said, "Fluc you Amelicans, too!"

♣ A woman was cleaning her husbands dresser drawers when she found 3 golf balls and a box with $2000 in it. She waited for him to come home from the golf course to ask him why these things were hidden in his dresser drawer.
The husband said I'm sorry I hid this from you but the truth is every time I cheated on you over the last 30 years I put a golf ball in the drawer.
The wife was very upset at first but after thinking about it said "I guess 3 times in 30 years is really not that bad! Oh by the way what is the $2000 in the drawer.
The husband replied" Well every time I got to a dozen balls I sold them.

♣ A man walks into the toy store to get a Barbie doll for his daughter. So he asks the assistant, as you would, "How much is Barbie?"
"Well," she says, "we have Barbie Goes to the Gym for $19.95, Barbie Goes to the Ball for $19.95, Barbie Goes Shopping for $19.95, Barbie Goes to the Beach for $19.95, Barbie Goes Nightclubbing for $19.95, and Divorced Barbie for $265.00."
"Hey, hang on," the guy asks, "why is Divorced Barbie $265.00 when all the others are only $19.95?"
"Yeah, well, it's like this ... Divorced Barbie comes with Ken's house, Ken's car, Ken's boat, Ken's furniture .


♣ "Mr. Smith, I have reviewed this case very carefully," the divorce court judge said, "and I've decided to give your wife $275 a week."
"That's very nice, your honour," the husband said. "And every now and then I'll try to send her a few bucks, myself."

♣ Officer: "Soldier, do you have change for a dollar?"
Soldier: "Sure, buddy."
Officer: "That's no way to address an officer! Now let's try it again!"
Officer: "Soldier. Do you have change for a dollar?"
Soldier: "No, SIR!"

♣ There is a man who has three girlfriends, but he does not know which one to marry. So he decides to give each one $5000 and see how each of them spends it.
The first one goes out and gets a total makeover with the money. She gets new clothes, a new hairdo, manicure, pedicure, the works, and tells the man, "I spent the money so I could look pretty for you because I love you so much."
The second one went out and bought new golf clubs, a CD player, a television, and a stereo and gives them to the man. She says, "I bought these gifts for you with the money because I love you so much."
The third one takes the $5000 and invests it in the stock market, doubles her investment, returns the $5000 to the man and reinvests the rest. She says, "I am investing the rest of the money for our future because I love you so much."
The man thought long and hard about how each of the women spent the money and decided to marry the one with the biggest breasts.

♣ When does a female deer need money? When she doesn't have a buck.

♣ A man and his ever-nagging wife went on vacation to Jerusalem. While they were there, the wife passed away. The undertaker
told the husband, "You can have her shipped home for $5,000, or you can bury her here, in the Holy Land, for $150." The man
thought about it and told him he would just have her shipped home.
The undertaker asked, "Why would you spend $5,000 to ship your wife home, when it would be wonderful to be buried here and
you would spend only $150?"
The man replied, "Long ago a man died here, was buried here, and three days later he rose from the dead. I just can’t take
that chance."

♣ A man went into a lawyer's office, and demanded to see the lawyer. He was escorted into the lawyer's office.
The man needed legal help, but he knew how expensive lawyers could be, so he inquired, "Can you tell me how much you charge?"
"Of course", the lawyer replied, "I charge $500 to answer three questions."
"Don't you think that's an awful lot of money to answer three questions?"
"Yes it is", answered the lawyer, "What's your third question?"

♣ A guy noticed that his buddy was troubled and asked what was wrong. "Ohhh, it's my girlfriend." "What's the problem?" "When I asked her if she could learn to love me, she asked me how much I was willing to spend on her education."

♣ The local United Way office realized that it had never received a donation from the town's most successful lawyer. The volunteer in charge of contributions called him to persuade him to contribute. "Our research shows that out of a yearly income of more than $600,000 you give not a penny to charity. Wouldn't you like to give back to the community in some way?"
The lawyer mulled this over for a moment and replied, "First, did your research also show that my mother is dying after a long illness, and has medical bills that are several times her annual income?" Embarrassed, the United Way rep mumbled, "Um ... No."
"Second, that my brother, a disabled veteran, is blind and confined to a wheel chair?" The stricken United Way rep began to stammer out an apology, but was cut off.
"Third, that my sister's husband died in a traffic accident," the lawyer's voice rising in indignation, "leaving her penniless with three children?!" The humiliated United Way rep, completely beaten, said simply, "I had no idea ..."
On a roll, the lawyer cut him off once again, "... And I don't give any money to them, so why should I give any to you?!?"


♣ "Mr. Smith, I have reviewed this case very carefully," the divorce court judge said, "and I've decided to give your wife $275 a week."
"That's very nice, your honour," the husband said. "And every now and then I'll try to send her a few bucks, myself."


♣ A man bursts into his house and yells, "Pack your bags, Honey, I just won the lottery!"
She says, "Oh, wonderful! Should I pack for the beach or for the mountains?"
He replies, "I don't care ... Just get the hell out!"


♣ When Bob found out he was going to inherit a fortune when his sickly father died, he decided he needed a woman to enjoy it with. So one evening he went to a singles bar where he spotted the most beautiful woman he had ever seen.
Her natural beauty took his breath away. "I may look like just an ordinary man," he said as he walked up to her, "but in just a week or two my father will die, and I'll inherit 20 million dollars."
Impressed, the woman went home with him that evening.
Three days later, she became his stepmother.


♣ Farmer: What would you do if a bull charged you? Mary: I'd pay whatever it charged.

№ 31 of Selected Financial jokes
♣ Mother: Why did you just swallow the money I gave you ? Son: Well you did say it was my lunch money !

№ 32 of Selected Financial jokes
♣ A certain zoo had acquired a very rare species of gorilla. Within a few weeks, the female gorilla became very ornery, and difficult to handle. Upon examination, the zoo veterinarian determined the problem. The gorilla was in heat. To make matters worse, there were no male gorilla species available.
While reflecting on their problem, the zoo administrators noticed Mike, an employee responsible for cleaning the animals cages. Mike, it was rumored, possessed ample ability to satisfy any female, but he wasn't very bright.
So, the zoo administrators thought they might have a solution. Mike was approached with a proposition: "Would he be willing to have sex with the gorilla for five hundred bucks?" Mike showed some interest, but said he would have to think the matter over carefully.
The following day, Mike announced that he would accept their offer, but only under three conditions. "First," he said, "I don't want to have to kiss her. Secondly, I want nothing to do with any offspring that may result from this union."
The zoo administration quickly agreed to these conditions, so they asked what was his third condition.
"Well," said Mike, "you've gotta give me another week to come up with the five hundred bucks."

№ 33 of Selected Financial jokes
♣ Johnny, if you had 5$ and you asked your father for 3$ more, how many dollars would you have? I would have five dollars... You don't know your arithmetic, Johnny... You don't know my father, Mrs. Mutch...

№ 34 of Selected Financial jokes
♣ An older, white haired man walked into a jewelry store one Friday evening with a beautiful young gal at his side. He told the jeweler he was looking for a special ring for his girlfriend.
The jeweler looked through his stock and brought out a $5,000 ring and showed it to him.
The old man said, "I don't think you understand, I want something very special."
At that statement, the jeweler went to his special stock and brought another ring over. "Here's a stunning ring at only $40,000", the jeweler said.
The young lady's eyes sparkled and her whole body trembled with excitement.
The old man seeing this said, "We'll take it."
The jeweler asked how payment would be made and the old man stated, by check. "I know you need to make sure my check is good, so I'll write it now and you can call the bank Monday to verify the funds and I'll pick the ring up Monday afternoon," he said.
Monday morning, a very teed-off jeweler phoned the old man. "There's no money in that account."
"I know", said the old man, "but can you imagine the weekend I had?"

№ 35 of Selected Financial jokes
♣ After years of scrimping and saving, a husband told his wife the good news: "Honey, we've finally got enough money to buy what we started saving for in 1979." "You mean a brand-new Cadillac?" she asked eagerly. "No," said the husband, "a 1979 Cadillac."

№ 36 of Selected Financial jokes
♣ A very shy guy goes into a nightclub and sees a beautiful woman sitting at the bar. After an hour of gathering up his courage, he finally goes over to her and asks, tentatively, "Um, would you mind if I chatted with you for a while?"
She responds by yelling, at the top of her lungs, "No, I won't sleep with you tonight!" Everyone in the bar is now staring at them. Naturally, the guy is completely embarrassed and he slinks back to his table.
After a few minutes, the woman walks over to him and apologizes. She smiles at him and says, "I'm sorry if I embarrassed you. You see, I'm a graduate student in psychology and I'm studying how people respond to embarrassing situations."
To which he responds, at the top of his lungs, "Five-hundred dollars? What do you mean $500?!

№ 37 of Selected Financial jokes
♣ Shakey went to a psychiatrist. "Doc," he said, "I've got trouble. Every time I get into bed, I think there's somebody under it. I get under the bed, I think there's somebody on top of it. Top, under, top, under. "You gotta help me, I'm going crazy!"
"Just put yourself in my hands for two years," said the shrink. "Come to me three times a week, and I'll cure your fears."
"How much do you charge?"
"A hundred dollars per visit."
"I'll sleep on it," said Shakey.
Six months later the doctor met Shakey on the street. "Why didn't you ever come to see me again?" asked the psychiatrist.
"For a hundred buck's a visit? A bartender cured me for ten dollars."
"Is that so! How?"
"He told me to cut the legs off the bed!"

№ 38 of Selected Financial jokes
♣ Why did the mean teacher walk around with her purse open? She'd read there was going to be some change in the weather.

№ 39 of Selected Financial jokes
♣ A blonde desperately needed some money, so she decided to kidnap someone. So she went to the park and she grabbed this kid.
Then she wrote a note saying, "If you ever want to see your child again, leave 10,000 dollars in a paper bag in the northwest corner of the park." then she signed it 'THE BLONDE' and told the kid to give it to his mom.
The next day she went to the northwest corner of the park and got the paper bag. It had the money in it and a note from the mother that said, "How could you do this to another blonde?"

№ 40 of Selected Financial jokes
♣ A man went into a pharmacy and asked to talk to a male pharmacist. The woman he was talking to said that she was the pharmacist and that she and her sister owned the store, so there were no males employed there. She asked if there was something which she could help the gentleman with.
The man said that it was something that he would be much more comfortable discussing with a male pharmacist.
The female pharmacist assured him that she was completely professional and whatever it was that he needed to discuss, he could be confident that she would treat him with the highest level of professionalism.
The man agreed and began by saying, "This is tough for me to discuss, but I have a permanent erection. It causes me a lot of problems and severe embarrassment. So I was wondering what you could give me for it?"
The pharmacist said, "Just a minute, I'll go talk to my sister."
When she returned, she said, "We discussed it at length and the absolute best we can do is, 1/3 ownership in the store, a company car, and $3000 a month living expenses.

№ 41 of Selected Financial jokes
♣ Ted said to his friend, 'can you lend me $10?' 'But I only have $8,' his friend replied. That's OK, you can always owe me the other $2!

№ 42 of Selected Financial jokes
♣ At the height of a political corruption trial, the prosecuting attorney attacked a witness. "Isn't it true," he bellowed, "that you accepted five thousand dollars to compromise this case?"
The witness stared out the window, as though he hadn't heard the question.
"Isn't it true that you accepted five thousand dollars to compromise this case?" the lawyer repeated.
The witness still did not respond.
Finally, the judge leaned over and said, "Sir, please answer the question."
"Oh," the startled witness said, "I thought he was talking to you."

№ 43 of Selected Financial jokes
♣ A famous art collector is walking through the city when he notices a mangy cat lapping milk from a saucer in the doorway of a store. He does a double take.
He knows that the saucer is extremely old and very valuable, so he walks casually into the store and offers to buy the cat for two dollars.
The storeowner replies, "I'm sorry, but the cat isn't for sale."
The collector says, "Please, I need a hungry cat around the house to catch mice. I'll pay you 20 dollars for that cat."
And the owner says "Sold," and hands over the cat.
The collector continues, "Hey, for the twenty bucks I wonder if you could throw in that old saucer. The cat's used to it and it'll save me from having to get a dish."
The owner says, "Sorry buddy, but that's my lucky saucer. So far this week I've sold sixty-eight cats."

№ 44 of Selected Financial jokes
♣ A man in a bar sees a friend at a table, drinking by himself.
Approaching the friend he comments, "You look terrible. What's the problem?"
"My mother died in August," he said, "and left me $25,000."
"Gee, that's tough," he replied.
"Then in September," the friend continued, "My father died, leaving me $90,000."
"Wow. Two parents gone in two months. No wonder you're depressed."
"And last month my aunt died, and left me $15,000."
"Three close family members lost in three months? How sad."
"Then this month," continued, the friend, "absolutely nothing!"

№ 45 of Selected Financial jokes
♣ A stockbroker was cold calling about a penny stock and found a taker. "I think this one will really move said the broker, it's only $1 a share."
"Buy me 1000 shares." said the client.
The next day the stock was at $2. The client called the broker and said, "You were right, give me 5000 more shares."
The next day the client looked in the paper and the stock was at $4.
The client ran to the phone and called the broker, "Get me 10,000 more shares said the client."
"Great!" said the broker.
The next day the client looked in the paper and the stock was at $9.
Seeing what a great profit he had in just a few days, the client ran to the phone and told the broker, "Sell all my shares!"
The broker said, "To whom? You were the only one buying that stock."

№ 46 of Selected Financial jokes
♣ A man walks into a shoe store, and tries on a pair of shoes. "How do they feel?" asks the sales clerk. "Well they feel a bit tight," replies the man.
The assistant promptly bends down and has a look at the shoes and at the man's feet. "Try pulling the tongue out," the clerk says.
"Well, theyth sthill feelth a bith tighth."

№ 47 of Selected Financial jokes
♣ Uncle Rusty is a wise man. A while back he retired and purchased a modest home near a junior high school. He spent the first few weeks of his retirement in peace and quiet, puttering around his work shop.
That is of course until the school year began. On the first day of school three young boys, full of pent up energy from a full day of school, came down his street. As they walked down the street they beat rhythmically on every trash can they past. Day after day, it was the same thing. Beating, clanging and pounding out a rhythm on the cans as they walked down the street. Poor Uncle Rusty just couldn't take it any more.
The next afternoon, he walked out to meet the young musicians. As they worked their way down the street, pounding out a tune on the cans, Rusty stopped them and said, "You kids sure are having a lot of fun. I like seeing young people like you, express themselves. In fact, I used to do the same thing when I was your age. Will you do me a favor? I'll give you each a dollar if you'll promise to come around every day and do your thing." The kids were elated and continued to do a bang up job on the trash cans.
After two days, Uncle Rusty greeted the kids again, but this time he had a sad expression on his face. "This recession's really putting a big dent in my income," he told them. "From now on, I'll only be able to pay you 50 cents to beat on the cans."
The boys were not pleased, but they did accept his offer and continued their afternoon concert. A couple of days later, Sly Uncle Rusty approached them again as they drummed their way down the street.
With words that would ensure he would have peace and quiet from that day forward he said "Look, my Social Security check just isn't stretching as far with the expenses. So I'm not going to be able to give you more than 25 cents a day. Will that be okay?"
"What?! Just a crummy quarter?" the boys exclaimed. "If you think we're going to waste our time, beating these cans around for a quarter, you're nuts! No way, mister. We quit!"

№ 48 of Selected Financial jokes
♣ A social worker is facing a mugger with a gun. "Your money or your life!" says the mugger.
"I'm sorry," the social worker answers, "I am a social worker, so I have no money and no life."

№ 49 of Selected Financial jokes
♣ A man was walking down the street when he saw a woman with the perfect, and I mean PERFECT, breasts he'd ever seen.
He walked up to her and said, "Ma'am, you have perfect breasts, and I will pay you $100 to bite them." The woman was horrified and began to walk away.
The man caught her and said, "Alright, I'll pay you $1,000 to bite your breasts." Still horrified, the woman began to run away.
The man caught her again and said, "Fine. I'll pay you $10,000 to bite your breasts, and not a penny more." The woman then thinks that $10,000 will be worth it, so she finally agreed.
They went into a deserted alley away from the city action. The woman took off her shirt and bra, revealing the perfect breasts. The man then began to touch, squeeze, fondle, poke, and everything to the woman's breasts EXCEPT biting them.
The woman then said, "Well, are you gonna bite them or not?!"
The man replied, "Nah, too expensive."

№ 50 of Selected Financial jokes
♣ A very successful lawyer parked his brand-new Lexus in front of his office, ready to show it off to his colleagues. As he got out, a truck passed too close and completely tore off the door on the driver's side. The lawyer immediately grabbed his cell phone, dialed 911, and within minutes a policeman pulled up.
Before the officer had a chance to ask any questions, the lawyer started screaming hysterically. His Lexus, which he had just picked up the day before, was now completely ruined and would never be the same, no matter what the body shop did to it.
When the lawyer finally wound down from his ranting and raving, the officer shook his head in disgust and disbelief. "I can't believe how materialistic you lawyers are," he said. "You are so focused on your possessions that you don't notice anything else."
"How can you say such a thing?" asked the lawyer.
The cop replied, "Don't you know that your left arm is missing from the elbow down? It must have been torn off when the truck hit you."
"My God!" screamed the lawyer. "Where's my Rolex?"

№ 51 of Selected Financial jokes
♣ My sister fell in love at second sight. When she first met him she didn't know how rich he was.

№ 52 of Selected Financial jokes
♣ Walking through a supermarket, a young man noticed an old lady following him around. He ignored her for a while, but when he got to the checkout line, she got in front of him.
"Pardon me," she said. "I'm sorry if I've been staring, but you look just like my son who died recently.
"I'm sorry for your loss," the young man replied. "Is there anything I can do for you?"
"Well, as I'm leaving, could you just say 'Goodbye, mother!?' It would make me feel so much better." She gave him a sweet smile.
"Of course I can," the young man promised.
As she gathered her bags and left, he called out "Goodbye, mother!" just as she had requested, feeling good about her smile.
Stepping up to the counter, he saw that his total was about $100 higher than it should be. "That amount is wrong," he said. "I only have a few items!"
"Oh, your mother said that you would pay for her," explained the clerk.

№ 53 of Selected Financial jokes
♣ I can't find my dollar bill,' Jane sobbed. 'Don't worry,' her Counselor said. 'A dollar doesn't go very far today.'

№ 54 of Selected Financial jokes
♣ It was graduation day and Mom was trying to take a picture of their son in a cap and gown, posed with his father. "Let's try to make this look natural" she said. "Junior, put your arm around your dad's shoulder." The father answered, "If you want it to look natural, why not have him put his hand in my pocket?"

№ 55 of Selected Financial jokes
♣ The conservative businessman got on the elevator and curtly asked the bellboy to take him to the 18th floor. "Sure thing, son," replied the bellboy. "How dare you call me son!" exclaimed the outraged man. "Well," replied the boy, "I brought you up, didn't I?"
№ 56 of Selected Financial jokes
♣ A preacher went into his church and he was praying to God. While he was praying, he asked God, "How long is 10 million years to you?" God replied, "1 second." The next day the preacher asked God, "God, how much is 10 million dollars to you?" And God replied, "A penny." Then finally the next day the preacher asked God, "God, can I have one of your pennies?" And God replied, "Just a second."

№ 57 of Selected Financial jokes
♣ A little old lady went into the Bank of America one day carrying a bag of money. She insists that she must speak with the President of the bank to open a savings account because it's a lot of money.
They finally get her into the presidents office and he asks her how much she would like to deposit. She says she has $165,000 and then dumps it out of the bag onto his desk. The president was surprised and of course curious as to how she came by all this cash, so he asks her. The old lady says, "I make bets."
The president replies, "Bets? What kind of bets?" and she says, "For example, I'll bet you $25,000 that your balls are square."
"Ha!" says the president, "That's a stupid bet, you can never win that kind of bet."
The old lady says, "So, would you like to take my bet?"
"Sure," says the president, "I'll bet $25,000 that my balls are not square!"
The little old lady says, "OK, but since there is a lot of money involved is it OK with you if I bring my lawyer with me tomorrow at 10:00 AM to witness?"
"Sure," says the president.
That night the president got very nervous about the bet and spent a long time in front of a mirror checking his balls, turning from side to side, again and again, thoroughly checking them out until he was sure that there is no way his balls are square and that he will win the bet.
The next morning at 10 AM the little old lady appears with her lawyer at the president's office. She introduces the lawyer to the president and repeats the bet, that $25,000 says the president's balls are square. The president agrees with the bet again and the old lady asks him to drop his pants so they can see. The president does this.
The little old lady looks closely at his balls and then asks if she can feel them.
"Well, OK" says the president, $25,000 is a lot of money, so I guess you should be absolutely sure."
Then he notices that the lawyer is quietly banging his head against the wall and he asks the old lady, "What is wrong with your lawyer?"
She replies, "Nothing, except I bet him $100,000 that by 10 AM today I'd have The Bank of America's president's balls in my hands!"

№ 58 of Selected Financial jokes
♣ Did you hear about the $3,000,000 Kentucky State Lottery?
The winner gets $3 a year for a million years.

№ 59 of Selected Financial jokes
♣ A husband and wife are traveling by car from Key West to Boston. After nearly 24 hours of driving, they're tired and decide to stop at a nice hotel for a four-hour rest before getting back on the road. When they check out four hours later and the desk clerk hands them a bill for $350, the husband explodes and demands to know why the charge is so high. He tells the clerk that it's a nice hotel, but the room certainly isn't worth $350. When the clerk says that's the standard rate, the man insists on speaking to the manager.
The manager appears, listens to the man, and then explains that the hotel has an Olympic-sized pool and a huge conference center that are all available to their guests. "But we didn't use them," the man complains. "Well, they're here, and you could have," insists the manager. He goes on to explain they could also have seen one of the hotel's fabulous shows. "The best entertainers from New York, Hollywood and Las Vegas perform here," the manager says. "But we didn't go to any of those shows," complains the irate husband. "Well, we have them, and you could have," the manager replies. No matter what facility the manager mentions, the man replies, "But we didn't use it!" Still, the manager won't budge. The husband eventually gives up and writes a check, which he hands to the manager.
The manager is surprised when he looks at the check. "Sir!" he says indignantly, "this check is only made out for $50." "That's correct," says the husband. "I charged you $300 for sleeping with my wife." "I never slept with your wife!" exclaims the manager. "Well, too bad," the husband replies. "She was here and you could have."

№ 60 of Selected Financial jokes
♣ Martin ended a letter to his dad with this question, 'Is Washington's picture still on the dollar bill?' His Father wrote back, 'Of course it is. Why do you ask?' Martin answered, 'Because it's been so long since I've seen one!'

№ 61 of Selected Financial jokes
♣ A motorist, driving by a Texas ranch, hit and killed a calf that was crossing the road. The driver went to the owner of the calf and explained what had happened. He then asked what the animal was worth.
"Oh, about $200 today," said the rancher. "But in six years it would have been worth $900. So $900 is what I'm out."
The motorist sat down and wrote out a check and handed it to the farmer.
"Here," he said, "is the check for $900. It's postdated six years from now."

№ 62 of Selected Financial jokes
♣ A doctor and a lawyer were attending a cocktail party when the doctor was approached by a man who asked advice on how to handle his ulcer. The doctor mumbled some medical advice, then turned to the lawyer and grumbled, "I hate it when people seek free advice from me at parties."
The lawyer replied, "I know just what you mean. It happens to me all the time."
"How do you handle it," asked the doctor. "It seems rude not to answer a question when you are asked for advice during a social function."
"I just send the person a bill for your time" replied the lawyer.
"That's good," said the doctor. "I'll have to remember that."
The doctor went home and thought about writing a bill to the man who asked about the ulcer, but when he woke up the next day it had already slipped his mind. The night's events came rushing back to him the next day, however, when he opened his mail. In it, he found a bill for $100 from the lawyer for "consultation services rendered."

№ 63 of Selected Financial jokes
♣ A friend and I were standing in line at a fast-food restaurant, waiting to place our order.
There was a big sign posted. "No bills larger than $20 will be accepted."
The woman in front of us, pointing to the sign, remarked, "Believe me, if I HAD a bill larger than $20, I wouldn't be eating here."

№ 64 of Selected Financial jokes
♣ George had responded to a call from his attorney, insisting that they meet at once. He arrived at his lawyer's firm, and was ushered into his office.
"Do you want the bad news first or the terrible news?" the lawyer asked.
"Well, if those are my choices, I guess I'll take the bad news first."
"Your wife found a picture worth a half-million dollars."
"That's the bad news?" George was stunned? "If you call that bad, I can't wait to hear the terrible news."
"The terrible news is that it's of you and your secretary."
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Making Better Forex Trades By Using A MACD Indicator

You know how to make better forex trades by using an MACD Indicator? This is quite important because it can help you strengthen the success rate of your forex trading strategy.
MACD is an acronym for Moving Average Convergence Divergence and it can help you determine which trades are more likely to result in a profitable outcome and which trades you should be avoiding or trading short.
When trading foreign currencies, its important to realize that the market can be quite volatile. This can mean a trade that might have shown signals of being profitable a few hours ago can turn suddenly into a downward spiral.
Success in the Forex market depends on using strategies and tools which help you to minimize losses and maximize the profitability if your trades. A MACD indicator helps you to track upwards trends in currency prices in real time, as well as spotting when a currency has peaked and is headed downwards.
How Do MACD Indicators Work? - The MACD is composed of a few different moving average indicators, each of which is pretty straightforward. One is the signal line (also known as the water line). This shows you the exponential moving average (EMA, for short) drawn from closing prices over the last nine days of trading in the currency market.
The upward or downward trend of a given currency are based on two different EMAs. There is a 12 day EMA as well as a 26 day EMA; taken together, these figures give you a better picture of the movements of this currency.
The MACD line may be above or below this EMA waterline. Based on where the EMA line falls, it indicates whether the currency you`re looking at is on the upswing or headed in the other direction.
Using the MACD Indicator in Your Forex Trades - Once you learn how to read the charts and come to an understanding of what the MACD`s movements mean you will be able to make better forex trades more easily. As any experienced Forex trader can tell you, knowing the trends in the foreign currency exchange market makes all the difference. Thanks to the one and four hour charts your MACD indicator will give you, you`ll be able to see the prevailing trends in the market and take advantage of them.
By learning to watch both sets of charts you should be able to pin point which currencies are trending upwards and which are trending down. When both the 4 hour and the 1 hour MACDs are trending up your chances of entering a profitable trade are more likely.
Before making a trade, it`s recommended to have a look at how the MACD indicator is moving on your hourly chart. A MACD indicator above the waterline means you have the best chance of making a trade which will work well for you by trading long on this currency.
Of course its important to recognize that no single indicator will give you accurate trading results every time. This particular charting system works best when used in conjunction with other signal indicator software and tools as well. However if you do choose to use it on its own to monitor the movements of particular currencies then it is possible to use the MACD indicator to give you a higher chance of trading profitably.
If you want to be as successful as you possibly can as a Forex trader, then a MACD indicator is one tool which you can`t afford to be without. It`s a wise investment in your trading career

Forex for Beginners - Starting guide and precautions to be taken

There are many things that need to be learnt before you venture into Forex trade. This is particularly so if you are a beginner. In general, the term ‘Forex’ refers to “Foreign exchange trading”. In a layman term, Forex can be defined as a process of buying or selling a country’s currency using the currency of another nation. To learn more about Forex, you need to spend some time in the Forex market, talk to experts in this trade, and understand different precautions that need to be taken regularly and so on. These days, you will get lots of details about Forex on the internet. But before you venture into Forex full-time, you need to take a few precautions.
1. Do not follow everybody blindly: It is not difficult for you to find people claiming to be experts in Forex. Believing in them and taking their advices without doing any background check can backfire on you at any stage of trading in the Forex market. Most of these people who make tall claims hardly know anything about Forex in reality. They are out there to swindle you in a big way. You would do well to stay away from such people.
2. Being less confident or over confident: Most beginners tend to be either over confident or less confident before venturing into Forex market. Few of them believe that a session or two in the Forex market can go a long way to help them get freed from debt. Though it is a possibility, success in Forex market doesn’t come that easily. A whole lot of hard work, experience and a bit of luck is required to taste success in this game. If you are ready to sweat it out and ready to the learn basics from an expert, chances are that you will get freed from debt using your trading actions in a Forex market.
3. Poor money management: If you are very bad in managing your money, chances are that you are going to have a tough time in the Forex market. You cannot afford to spend too much money or little of it all the time while trading. You need to wait for the opportunities to arrive and be quick to make the most out of them when they finally arrive. Accordingly, you need to spend your money.
4. Employing wrong methods: As a beginner in this game, you can ill afford to employ bad tricks or methods in exercising your options in the Forex market. There will always be myths doing their rounds in the market. You cannot afford to spend your time on these myths or consider them seriously. If you are able to employ correct methods at correct times, chances are that you can get freed from debt that was previously hanging over your neck all the time.
5. Responsibility: As a beginner, you need to be responsible for all your actions in the Forex market. Your actions here can either make you or break you. Be careful while making decisions or while trading with somebody.

8 Forex Trading Mistakes That Could Result To Margin Call

In this article, I am going to give you 8 factors that can result to margin call and they are :
1 IGNORANT OF NEWS EVENTS Most ignorant technical traders often have there trading account badly damaged if not wiped out during news event releases… I therefore recommend that you get familiar with economic calendars even if you do not like trading them.
2 OVER TRADING Most ignorant traders often over trade in any of the following ways: opening more positions than they should, not knowing when they have exceeded their trading limits. I recommend trading only one position at a time as a beginner.
3 NO TRADING SYSTEM One of the worst things that can happen to a trader is to chase after pips or dollars without a proven system. To succeed in trading you need a proven and tested decent trading system.
4 NO TRADING PLAN A plan gives you the road map to your destination. When you have no plan, you will surely not know when you miss the way.
5 NOT KNOWING WHERE TO PLACE STOP LOSS ORDER And have high probability for profits It is one thing to place stop loss orders, it is another thing to know where to place them in order to avoid being stopped out before price resumes in your analyzed irend and entry direction.
6 NOT KNOWING HOW TO MONITOR MARGIN ACCOUNT If you do not know when your account is running into margin call, certainly you will not know when to cut your losses..
7 NOT KNOWING HOW TO IDENTIFY A TREND AND RIDE WITH IT You trading system should be able to identify new market trends and , trend corrections and trend reversal.
8 ALLOWING MAXIMUM DRAW DOWN ON AN ACCOUNT When your account is drawn down by say 50% in one trade, you should know that it will not take you a profit of 50% to return to your previous balance. It will rather take you 100% profit in your remaining balance before the account was drawn down.
The above 8 mistakes put together can result in a margin call. Send a blank e mail to wealthklub@yahoo.com to Get a free report on a powerful forex trading system that generates an average of 500 pips ($5000 on a standard account) monthly plus how $5100 was turned to $40,000 without lifting a finger

Forex Currency Trading - The Volume Affects Price

Forex currency trading can seem extremely complicated, but it doesn't have to be. There are many different technical analysis types to help, but don't get bogged down in them. Instead of overdoing it on analysis, focus on price and volume. Here's a little bit more about this strategy and how it can help your trading.Don't ignore the past. It came from somewhere, and you can learn from it. Over the part thirty years, the record of the Forex market has been affected by volume and price - if your chart's saying one thing, and the price says another, you can be sure that price will win. Past examples have taught us that much. At the end of the day, the price is always right, no matter how the chart looks.Does that mean you have to throw out all your charts? No - the indicator isn't the only factor to look at. However, using all the pieces of the puzzle at once is the only way to get the entire picture, and price makes up a lot of that puzzle. Paying attention to multiple factors will help you in your future trading, and you'll have a much better chance of making a profit.Periodically, indicators will tell you that the trend is about to change. Divergence is when price indicates one thing and indicators say something else. As we discussed above, the price always wins, but many people just aren't willing to believe that. They'd rather put their trust in their indicators for Forex currency trading. That's a sure way to lose, however. After all, it's not as though you make money off the indicators. The money comes from choosing the right price to buy and to sell. Indicators are a great way to get a second opinion, or to confirm what you believe the price is telling you. Don't forget your stop losses, either. Your stops are vital to keep you from making a bad trade - never trade without them, no matter how tempting. Use platforms that offer guaranteed stop losses if you possibly can, or work with a broker who believes in them strongly.So, how do you know what the price is telling you? You need to focus on what prices are doing, relative to what they've done previously. Look at where the price closes relative to the previous close, or relative to the open. That tells you how the market feels about a particular currency.In addition to price, there's also volume. In Forex currency trading, volume plays an important role. Look at the levels of price commitment, and see if many buyers and sellers are influencing things, or if it's all coming from just a few. Big moves in price coming from just a few people may be dismissed. Big moves coming from lots of buyers working in high volumes are a sign you need to pay attention. Volume spikes usually mean that people have changed how they feel about a given currency.So, if you're interested in getting involved in Forex currency trading and doing well, price and volume are two things you've got to pay attention to. They can be even more important than what your other indicators are saying. At the end of the day, look at how much a price has varied, and how many people and what volume are involved. That'll tell you much of what you need to know.

Tricks of the trade

Here's how you should trade the currency market. You should develop your "Holy Grail" (almost) trading system based on the following. It worked for me, which is why it should work for you too.
1. The market players usually based their trades on certain predefined price levels. They don't just enter or exit whenever they like. These price levels are the Support and Resistance that many of us come to know of. Currencies tend to move well between these Support and Resistance levels. The most common methods to determine the Support and Resistance levels are Fibonacci, Pivot Points, Trendlines and the Exponential Moving Averages.
2. When the support and resistance levels are determined, the next step is to look at price action at these levels - whether price will break through or reverse. The most common method to analyze price action is through the use of Candlestick and Chart Patterns.
3. Once you have determined the entry point from the above two steps, boost your confidence to trigger the trade with the use of indicators such as Stochastics, RSI and MACD. Even though these indicators are lagging in nature, the appearance of divergence in Stochastics, RSI and/or MACD is not!
4. Always keep a wary eye on the latest economic data which affects the currency - beware of newsbreak which includes release of important economic data. Newsbreak of this kind will influence price movement significantly and render the technical analysis above meaningless.
5. Remember to implement an appropriate "stop-loss" in case price goes against you - never risk more than 3% of your account per trade.
Here you have it. I have provided the five (5) essential steps for you to develop an almost "Holy Grail" trading system for yourself. All you need to do now is to try each specific method outlined above and see which works best for you. Paper trade using historical data - practice until you get it right, keeping in mind the five (5) steps above.
We have come to the end of the article. I would like to thank you for taking your time to read it. If you have any questions or would like to contact me, my email address is listed below.

FOREIGN POLICY

Pakistan's foreign policy has been marked by a complex balancing process--the result of its history, religious heritage, and geographic position. The primary objective of that policy has been to preserve Pakistan's territorial integrity and security, which have been in jeopardy since the state's inception.
A new era began with the partition of British India in 1947 and the formation of two independent, sovereign states--India and Pakistan. Both nations searched for their place in the world order and aspired to leadership roles beyond the subcontinent.
India and Pakistan became adversaries at independence and have so remained. The two countries fought each other shortly after partition, in 1965, and in 1971, causing the dismemberment of Pakistan and the creation of still another new sovereign entity--Bangladesh. India-Pakistan rivalry intensified rather than diminished after the Cold War, and the Kashmir territorial dispute remains dangerous and recurrent.
Pakistan sought security through outside alliances. The new nation painstakingly worked on building a relationship with the United States, in which the obligations of both sides were clearly defined. The Western-oriented, anticommunist treaties and alliances Pakistan joined became an important part of its foreign policy. Pakistan also saw itself as a vanguard of independent Muslim states.
Foreign Relations with ...IndiaThe Former Soviet UnionChinaMiddle EastThe United States
More about the Government of Pakistan.

Minister’s forex firm gets deeper into trouble

ISLAMABAD: The multi-billion rupees forex scam involving the firm Malik Exchange, owned by Minister of State for Kashmir Affairs and Northern Areas Senator Abdul Raziq (Fata), took a new turn on Thursday, when a Lahore court cancelled the bails of three of his absconding employees and ordered the FIA to arrest them.The bails of these three employees — Imtiaz Khan, Iqbal Afridi and Mian Waris Gul — were cancelled after they did not appear in the court despite repeated reminders sent to them. Even the lawyer of the accused did not appear in the court to plead for the confirmation of their pre-arrest bails.Police sources suspected that the accused might have fled to their native area of Darra Adamkhel.However, one of the accused of the Rs 30m bank fraud in the Dubai Bank — Shahzad Saqib Sulehriya — who too has been indirectly linked to the forex firm dealings, managed to get bail from the court on Thursday, while bail applications of his two accomplices, including a single mother of two children and Muhammad Tayyab, were rejected. The two are already incarcerated in the Kot Lakhpat jail in Lahore.Meanwhile, an FIA official confirmed that the Malik Exchange had filed a petition in the Peshawar High Court against the ongoing investigations.Dealings of the last seven months of the Malik Exchange Private Limited were being investigated vigorously.Talking to The News, the state minister rejected the allegations about the possible involvement of his forex company in financing terrorism in the troubled areas. He said his family had been a victim of Talibanisation in his home province.“You know, my father, Malik Gul Khan, was seriously injured when a suicide bomber hit a Jirga of elders gathered to form an alliance against the Taliban. My close relatives have lost their lives in the recent terrorist attacks. So, how could we be involved in such kind of activities that are against the interests of our country,” he said.Earlier, it was reported that the Malik Exchange was facing investigation at the hands of the FIA for its alleged role in dubious money transfers from Lahore to the tribal areas after it was revealed that the company employees were maintaining about 22 secret bank accounts in nine major branches, located in Gulberg, Lahore.The minister lamented that such kind of impression was given in some media reports, as his company was the financier of the Taliban. It was shocking for him and his family, he said.The minister said when the FIA had raided the Malik Exchange, it had taken the whole record of its office in Lahore and now, despite the lapse of six months, they did not formally bring any serious charge against his company.Asked to comment on receipt of Rs 5 million, given to the three accused of a Rs 300 million fraud by his company employees to send the money to Dubai, he said this was only on a plain paper, and not any authorised receipt. “We usually issue a computerised receipt to our customers. So, this receipt is not valid in our accounts,” he argued.Asked to clarify his position with regard to the allegations of secret transfer of money from Lahore banks to the tribal areas, he said his company had been sending amounts to its own branches in Peshawar and vice versa. “We usually transfer extra money to other stations to help them meet their requirements,” he said.Raziq said it was not a crime to keep money in bank accounts or transfer them from one account to other within Pakistan, as it was very much legal. But when he was told that actually these 22 accounts were opened by his employees on fake documents, he argued that he would comment on those accounts only when the FIA formally asked about them.He said even those accounts were not in the name of Malik Exchange, but in the names of the employees, as claimed by the FIA. He said the Malik Exchange had already sacked one of the employees, while the two others were still on pre-arrest bail.

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Automated Forex Trading System

The Forex MegaDroid is an automated Forex trading robot This was specifically designed to function in all market environments. Which isexactly why its performance during testing was close to the highest we have everwitnessed. The facts are clear and un-debatable on this issue, the market canmake unexpected moves at the drop of a hat and having a weapon in your arsenalable to react instantly to those corrections and profit from them at the sametime, puts you in a very powerful position. Because of this we were forced togive it our highest rating possible, a 10 out of 10. This item is not to beunderestimated and MUST be in your final decision making process when makingyour purchasing decision.

This Forex robot uses a cool new technology known as Correlated Time and PriceAnalysis (RCTPA). What this does is helps the robot make trades in the presentby quickly calculating years of similar looking market conditions in the past.The Forex market like any other will follow specific patterns and Mega Droidwill use years of back testing to profit from those patterns.

Now the hallmark of Forex Mega Droid and why it is creating such hype is thefact that the program is the first Forex robot to have artificial intelligence(AI). What this means is instead of simply taking the same trades over and over,if one trade is a loser the robot will learn from the experience. It will then factor in why that trade was a loser and use that valuable information for latertrades. This Automated Forex Robot is incredibly valuable because the problem with mostForex robots is they stop working after a certain amount of time. ForexMegaDroid learns from it's mistakes and is constantly adapting to marketconditions. Forex MegaDroid Results Fore complete review and listed benefits visit http://www.sneakymoneysystem.com This Forex MegaDroid review would not be complete without posting some initialresults from our testing of the product. Now keep in mind this product is stillvery new, so these numbers COULD change in the future. The initial results havebeen pretty staggering. Forex MegaDroid has shown a 95-96% win percentage ontrades and tripled one of our accounts. The best part is the robot was very good at limiting losses by not riding costlydrawdowns. A high win percentage with minimal losses are the signs of anEXCELLENT automated software. Before jumping in I recommend learning a little more about the program. Butthere is an awful lot to be excited about with this one. Fore complete review and listed benefits visit http://www.sneakymoneysystem.com

What type of investor should use Managed Forex Accounts?

Investors that don’t have the patience to Trade Forex.• Investors that don’t want to bother with formal training.• Investors that don’t have the nerves to trade their own money.• Investors that don’t have the time to dedicate to becoming a successful trader.• Investors/Traders seeking a potential return on investment while learning to trade profitably
We can connect you to many managed funds with strong track-records in Forex trading. They apply years of experience and skill while trying to get you the highest possible return on your investment. If you don’t personally have the time or interest to trade, consider opening a Managed Forex Account today. Contact a Managed Account Specialist.

Benefits of a Forex Managed Account

Trading opportunities in both rising and falling markets.• Asset diversification from foreign exchange trading.• Professional forex account management. • Diversified forex trading discipline using the major currencies only. • Real-time account management and reporting. • Liquidity of assets - money can be withdrawn at any time. • Participate with an individual retirement (IRA), Roth IRA, or through certain company retirement plans. • Low initial investment for a managed account starting at $5,000 to $10,000 depending account type

Australian Dollar


The Australian Dollar is popular among international traders because of Australia's stable economy, high interest rates, and access to Asian economies. Traders may refer to it as an "Aussie."

The twenty Dollar bill has garnered the nickname "Lobster" due to its color.

Before 1966 while still using the pre-decimal Pound Australia maintained a wealth of slang terms including, "Trey" for a three pence, "Zack" for a sixpence, and "Bob" for a schilling

Hong Kong Dollar


The Hong Kong Dollar was officially adopted on November 9, 1935.

Hong Kong circulates banknotes issued from four different organizations.

The Singapore Dollar has a wealth of slang terms attached to different amounts. One Dollar is a "Big cracker," two Dollars is "Grass," "Bowl," or "Stripe," and one hundred Dollars is a "Lump," referring to a lump of water which associates with money in Cantonese.

New Zealand Dollar


The New Zealand Dollar was adopted on July 10, 1967.

The smallest denomination of the New Zealand Dollar currently circulated is a ten cent coin.

The one Dollar coin features a kiwi bird on one side and has created the nickname "Kiwi" for the New Zealand Dollar

Forex Trading Systems

The foreign exchange currency market is the largest market in the world because it trades up to $1.9 trillion daily. There is an enormous scope of trade in Forex because it is global, and is open twenty-four hours a day, making the presence of buyers and sellers constant, and the fluidity of the market, grand. The market is ever present because it does not have a central venue like Wall Street or Tokyo. It is a series of internet and telephone communications between buyers and sellers and it is not overseen by any one main authority like the Securities and Exchange Commission. The Forex is made available to traders through platforms.

Traders of Forex commonly favor Forex trading systems. Forex trading systems are methods of trading currency based on ideas that have rules associated with them. Forex trading systems are a merging of theory and practice that have been tried and tested over and over, and the results of the tests have been documented.

Some Forex trading systems are based on the idea of going against trends. Other Forex trading systems are based on the idea of going with trends. Some Forex trading systems are based on the idea of tracking breakouts of a particular currency and these Forex trading systems rely heavily on the averages of a currency's highs and lows, and utilize "Bollinger bands" that track the average highs, the average lows and the moving average of the two.

Traders utilize Forex trading systems in order to work against human characteristics that can hamper trading, like greed, addiction, impulsivity, compulsivity and fear.