MAIN WORLD FINANCIAL MARKETS

1. The market of the exchequer obligations (fixed incomes). The exchequer obligations act
as the goods in this market let out by corresponding state institutes of the countries, the
state exchequers and the Ministries of Finance. As a rule, the profitability depends on a
term of repayment and a discount rate valid in the country.

2. The precious metals market (commodities). The goods in this market are precious and
rare metals (silver, gold, platinum, a palladium, etc.). As it is known from the past,
practically all currencies have passed a stage of maintenance with that or another
precious metal, from silver (silver dollar) and up to gold maintenance. Investment of
funds of precious metals in the market allows to get profit, concerned to quotations of the
prices on precious metals, because precious metals always can "be exchanged" for money.
Investor always can place available precious metals in the banks and receive credit using
"metal" deposits for realization of the other purposes. At a rise in prices of precious
metals placed on deposit. The investor’s property grows and the incomes received from
the credit only increase his capital.

3. The share markets (Stocks). Stocks of the companies are the goods in this market. The
formation of the share markets has started in the beginning of the last century – the
market of stocks of the companies. The investment of funds in this segment of the
financial market is attractive to the investor for two reasons. Firstly, investing funds in
the stocks of this or another company, the investor acquires the right for reception of
share of the company profit – dividends, so to speak that usually make up to 10 % of the
invested funds sum. Secondly, the cost of the gained stocks can increase (at successful
development of the company). Thus, profitability from investments into stocks has two
components - the dividend and a difference between price of the stock and current price
of the stock. Trade in stocks is carried out at regional stock exchanges, such as, the New
York stock exchange, the Tokyo stock exchange, the Frankfurt stock exchange, the
London stock exchange, etc.

4. The international currency market FOREX (currency). The goods in this market are
currencies of various countries. It is the youngest and most roughly developing of all
segments of the financial markets. Profitableness of investment in this market depends on
change of currencies quotations. Attractiveness of investment in this market is concerned
to quickness of transaction fulfillment and additional bank service (crediting of
transactions with a credit leverage 1:100) also can make tens or even hundreds annual
interest rates.

Economic Calendar (August 2007)

GMT	EST	Reg.	Event
August 1
7:55	3:55	GER	Manufacturing PMI (CIPS)
8:00	4:00	EMU	Manufacturing PMI (CIPS)
8:30	4:30	UK	Manufacturing PMI (CIPS)
12:15	8:15	USA	ADP Employment Change
14:00	10:00	USA	ISM Manufacturing Index
14:00	10:00	USA	ISM Manufaturing Prices
14:00	10:00	USA	Pending Home Sales
14:30	10:30	USA	Crude Oil Inventories
20:00	16:00	USA	Motor Vehicle Sales
23:50	19:50	JPN	Monetary Base
August 2
7:30	3:30	SWZ	SVME PMI
8:30	4:30	UK	Construction PMI (CIPS)
9:00	5:00	EMU	Producer Price Index
11:00	7:00	UK	BoE Interest Rate Statement
11:45	7:45	EMU	ECB Interest Rate Announcement
12:30	8:30	USA	Jobless Claims
12:30	8:30	EMU	ECB President Trichet Speaks
14:00	10:00	USA	Factory Orders
23:30	19:30	AUS	Services PMI (CIPS)
00:30	20:30	AUS	TDMI Inflation Gauge
August 3
5:45	1:45	SWZ	Consumer Price Index
7:55	3:55	GER	Services PMI (CIPS)
8:00	4:00	EMU	Services PMI (CIPS)
9:00	5:00	EMU	Retail Sales
12:30	8:30	USA	Average Hourly Earnings
12:30	8:30	CAN	Building Permits
12:30	8:30	USA	Nonfarm Employment Change
12:30	8:30	USA	Unemployment Rate
14:00	10:00	USA	ISM Non-Manufacturing Index
14:00	10:00	USA	ISM Non-Manufacturing Prices
14:00	10:00	CAN	Ivey PMI
August 6
8:30	4:30	UK	Industrial Production
August 7
4:00	0:00	AUS	Unemployment Rate
12:30	8:30	USA	Labor Costs q/q
12:30	8:30	USA	Labor Productivity q/q
18:15	14:15	USA	FOMC Interest Rate Statement
19:00	15:00	USA	Consumer Credit
August 8
9:30	5:30	UK	BOE Quarterly Inflation Report
14:00	10:00	USA	Wholesale Inventories
August 9
8:30	4:30	UK	Trade Balance
12:30	8:30	USA	Jobless Claims
12:30	8:30	CAN	New Housing Price Index
August 10
11:00	7:00	CAN	Unemployment Rate
12:30	8:30	USA	Import Prices
18:00	14:00	USA	Treasury Budget
August 13
8:30	4:30	UK	Producer Price Index Input
8:30	4:30	UK	Producer Price Index Output
12:30	8:30	USA	Retail Sales
12:30	8:30	USA	Retail Sales excl. Autos
14:00	10:00	USA	Business Inventories
August 14
8:30	4:30	UK	Consumer Price Index
8:30	4:30	UK	CPI excl. Volatile Items
8:30	4:30	UK	Retail Price Index m/m
9:00	5:00	EMU	Gross Domestic Product
9:00	5:00	EMU	Industrial Production
12:30	8:30	USA	Producer Price Index
12:30	8:30	USA	PPI excl. Food and Energy
12:30	8:30	USA	Trade Balance
12:30	8:30	CAN	Trade Balance
August 15
8:30	4:30	UK	Average Earnings Index and Bonus q/y
8:30	4:30	UK	BOE Meeting Minutes
8:30	4:30	UK	Claimant Count Change
8:30	4:30	UK	Unemployment Rate
12:30	8:30	USA	Consumer Price Index
12:30	8:30	USA	CPI excl. Food and Energy
12:30	8:30	USA	Empire Manufacturing Index
12:30	8:30	CAN	Manufacturing Shipments
12:30	8:30	CAN	New Motor Vehicle Sales
13:00	9:00	USA	Monthly Net TIC Flow
13:15	9:15	USA	Capacity Utilization Rate
13:15	9:15	USA	Industrial Production
14:00	10:00	USA	New Home Sales
August 16
8:30	4:30	UK	Retail Sales
9:00	5:00	EMU	Consumer Price Index
12:30	8:30	USA	Building Permits
12:30	8:30	USA	Housing Starts
12:30	8:30	CAN	International Securities Transactions
12:30	8:30	USA	Jobless Claims
16:00	12:00	USA	Philadelphia Fed Index
August 17
12:30	8:30	CAN	Wholesale Sales
14:00	10:00	USA	Consumer Sentiment (p)
August 20
9:00	5:00	EMU	Trade Balance
14:00	10:00	USA	Leading Indicators
August 21
9:00	5:00	EMU	ZEW Economic Sentiment
11:00	7:00	CAN	Consumer Price Index
11:00	7:00	CAN	CPI excl. Volatile Items
12:30	8:30	CAN	Leading Indicators
12:30	8:30	CAN	Retail Sales
12:30	8:30	CAN	Retail Sales excl. Autos
August 22
8:00	4:00	EMU	Current Account
9:00	5:00	EMU	Industrial New Orders
August 23
		CAN	Enterprise Profits q/q
12:30	8:30	USA	Jobless Claims
August 24
12:30	8:30	USA	Durable Goods Orders
14:00	10:00	USA	New Home Sales
August 27
14:00	10:00	USA	Existing Home Sales
August 28
14:00	10:00	USA	Consumer Confidence
18:00	14:00	USA	FOMC Meeting Minutes
August 30
12:30	8:30	CAN	Current Account
12:30	8:30	USA	GDP Deflator
12:30	8:30	USA	Gross Domestic Product
12:30	8:30	USA	Jobless Claims
12:30	8:30	NZ	Producer Price Index
12:30	8:30	JPN	Raw Materials Price Index
August 31
9:00	5:00	EMU	Unemployment Rate
9:00	5:00	EMU	Business Climate Indicator
9:00	5:00	EMU	Consumer Confidence
9:00	5:00	EMU	Industrial Confidence
12:30	8:30	USA	Personal Income
12:30	8:30	CAN	Gross Domestic Product
12:30	8:30	USA	Personal Spending
12:30	8:30	USA	Core PCE Price Index
14:00	10:00	USA	Consumer Sentiment (f)
14:00	10:00	USA	Chicago PMI
14:00	10:00	USA	Factory Orders

A Couple Points You Should Know About Forex Trading

Forex trading is hugely profitable, but it is not without its' pitfalls. If you're interested in a forex trading career, you will need to employ winning strategies that both ensure capital preservation as well as maximize returns. A Forex trader needs to be organized and needs the requisite tools in his toolset to be successful. Among these tools are:

1) A reliable internet connection - you do not want to be locked out during a crucial trade due to a faulty internet connection 2) A reliable computer - the machine needs to perform and not "freeze up". You need adequate hardware to run any Forex charting or signal software you may way to run. 3) A Dealing Station - this software serves as an interface between you and your broker and allows you to make trades with a few clicks of your mouse. 4) Real-Time Exchange Rates - rates update thousands of times daily, you must have up to the minute quotes 5) Executable Quotations - quotes you can click on and then instantly execute your trade

These basic tools are required, but are no guarantee of success. You will also need to develop a number of personal characteristics in order to succeed. Chief among these is the development of self-discipline. You will need to stick very carefully to a trading plan in order to forge a successful Forex trading strategy. You need to have the discipline to stick with your plan and execute it faithfully. You will need conviction in your beliefs, which will require you constantly seeking more information to augment your intuition. Forex markets move fast, and the best method for fast action on your part is having a plan of action planned, and then seeing it through to the end.

When you begin trading Foreign exchange currencies, you must always limit your downside. Get in the habit of trading only with money you can honestly afford to lose. This way, if you suffer losses, although they may be painful, they will not be completely devastating. Being able to handle your losses in way that doesn't destroy you mentally, emotionally, or financially, is a sure sign of long-term success. All traders experience losses, but great Forex traders keep their impact to a minimum because of careful tactics.

Forex is considered to be one of the most consistent trending markets in the world. Following trends closely can be your best ally in your quest for profits. To against the trend is to invite sudden and total disaster. There are a great number of indicators you will need to follow, although this treatise is too short to cover them. But once you know your indicators inside and out, once your intuition is aligned with the help of technical tools, and above all else, once you have defined and followed your perfect Forex trading strategy, you will know the joys of hugely profitable Forex trading. Good luck in your efforts.