2006-03-04T22:44:31.600+08:00Personal Money Portfolio - snapshot 0.9a
2006-01-14T23:19:37.713+08:00Tutorial in Google Video: How to open a position
2005-12-22T11:19:08.536+08:00Tutorial 01 - Making your 1st Currency Trade
2005-12-09T03:07:58.803+08:00Personal Money Portfolio is developed by using MyFaces from the start to end. Other technology used including RSS Util from Sun Developer Network (SDN) for Business News, JFreeChart from Object Refinery Limited for CandleStick Charting, MySQL for database and Tomcat for server.
2005-11-25T22:09:35.266+08:00PMP snapshot 0.5 is here! The new version is up version 0.5. The long awaited candlestick chart, currency convertor had finally here.Also I had polishedup the layout to increase user friendliness. Below is some latest work:business news with RSS feed (under 1st tab)173 currencies rates (under 2nd tab)currency convertor (collapse-able)portfolio (under 3rd tab, member-only function)candlestick chart (under 4th tab, member-only function)registration pagesuccessfully registeredactivation mailactivation pageThat's all for now, portfolio function is some what incomplete. It will allow user to keep track their trades virtually, knowing their current performance. Personal Money Portfolio by Avatar.[...]
2005-11-18T04:26:28.996+08:00I always have been asking the same question like any newbie do:
2005-11-18T00:26:30.116+08:0063 Market TerminologyBEARA person who anticipates market prices will decline.BEAR MARKETMarkets characterised by declining prices.BIDThe rate at which a dealer is willing to buy the base currency.BULLA person who anticipates market prices will rise.BULL MARKETA market characterised by rising prices.BROKERA Broker is a middle man acting between a client and a market maker – a broker will charge a commission for his services.CABLEMarket terminology for Sterling/US Dollar exchange rate.CALL RATEThe interbank interest rate for funds not deposited for a fixed period.CASH MARKETThe market for the purchase and sale of physical currencies.CONVERTIBLE CURRENCYCurrency which can be freely exchanged for other currencies or gold without special authorisation from the appropriate central bank.COUNTERPARTIESParties on either side of a transaction.CROSS RATEExchange rate that does not involve the US Dollar. E.g The Euro/Yen is called a cross.DAY TRADINGRefers to opening and closing of the same position or positions within the same trading day.DOLLAR RATEThe Dollar Rate is when a variable amount of foreign currency is quoted against one unit of the US Dollar. The exception is Sterling/US Dollar (Cable) which is quoted as units to the US Dollar to one Pound Sterling.EMSEuropean Monetary SystemEMUEuropean Monetary UnionERMExchange Rate MechanismEXCHANGE RATE DEPRECIATIONCurrency which loses in value against one or more currencies.EXCHANGE RATE RISKThe potential loss that could be incurred from an adverse movement in exchange rates.FIXED EXCHANGE RATEOfficial rate of exchange set by monetary authorities for one or more currencies. In practice, some fixed exchange rates are allowed to fluctuate between defined upper an lower bands.FLAT / SQUAREWhere a client has not traded in that currency or where an earlier deal is reversed thereby creating a flat (neutral) position. E.g You bought £100,000, then sold £100,0000 = Flat.FLOATING EXCHANGE RATEWhen the value of a currency is decided by supply and demand.FOREX/FXAn abbreviation of Foreign Exchange.FORWARD POINTSThe Interest Rate Differential between two currencies expresses in exchange rate points. The forward points are added or subtracted from the spot rate to give the forward or outright rate.FORWARD RATEThe rate at which a foreign exchange contract is struck today for settlement at a specified future date.FORWARD CONTRACTContract struck at the forward rate as specified above.FUNDAMENTAL ANALYSISAnalysis based on economic and political factors.GTC (Good Till Cancelled)An order left with a dealer to buy or sell at a fixed price. The order remains in place until it is cancelled by the client.HEDGINGA hedging transaction is one which protects an asset or liability against a fluctuation in the foreign exchange rate.INITIAL MARGINThe deposit required from a client when they transact a forward order.INTERBANK RATESThe FX rates large international banks quote other large international banks. The difference between the buy rate and the sell rate, the spread can be around 0.07%. Normally the public and other businesses do not have access to these rates.INTEREST RATE RISKThe potential for losses arising from changes in interest rates.LIMIT ORDERAn order given which has restrictions upon execution. The client specifies a price and the order can be executed at the prevailing market price only if the market reaches the specified price.LONG POSITIONA position where the client has bought a currency not previously held. Normally expressed in base currency terms. E.g. long dollars (short yen).MARGINCash deposit provided by clients as collateral to cover losses (if any) that may result from the clients foreign exchange trades.MARGIN CALLA demand for additional funds to cover positions.MATURITYDate for settlement.OFFERThe rate at which a dealer is willing to sell the base currency.OCO (One [...]
2005-11-25T22:18:57.810+08:00I'm currently researching on currency exchange, funding, bond and other form of investment.