Author : Dave LogenForex is where currency trading takes place It is where banks and other official institutions facilitate the buying and selling of foreign currencies Forex transactions typically involve one party purchasing a quantity of one currency in exchange for paying a quantity of another The forex market that we see today started evolving during the 1970s when worldover countries gradually switched to floating exchange rate from their erstwhile exchange rate regime, which remained fixed as per the Bretton Woods system until 1971 The forex market is currently one of the largest and most liquid financial markets in the world, and includes trading between large banks, central banks, currency speculators, corporations, governments, and other institutions

Ask (Offer) — the price of the offer, the price you buy for

Bear - If someone has a negative view of a particular currency and believes that its price will decrease, they are said to be ‘bearish’ about that currency

Bid (Demand) —the price of the demand, the price you sell for

Bull - If someone has a positive view of a particular currency and believes that its price will increase, they are said to be ‘bullish’ about that currency

ECB (The European Central Bank) — the main regulatory body of the European Union financial system

Fed (The Federal Reserve) — the main regulatory body of the United States of

America financial system, a division of which, the FOMC (Federal Open Market Committee), regulates, among other things, federal interest rates

Fundamental Analysis — a Forex trading analysis based only on news, economic indicators and global events

GDP (Gross Domestic Product) — this is a measure of the national income and output for a given country’s economy It is one of the most important online forex indicators

Limit - A limit is placed on a trade so as to exit it after a speculator has gained the expected number of pips

Long - Trading a currency under the assumption that its price will rise - a ‘buy’ trade

Loss — the loss from closing long position at lower rate than opening or short position with higher rate than opening, or if the profit from a position closing was lower than broker commission on it

Lot — definite amount of units or amount of money accepted for operations handling (usually it is a multiple of 100)

Momentum — the measure of the currency’s ability to move in any given direction

Moving Average (MA) — one of the most basic technical indicators It shows the average rate calculated over a series of time periods Exponential Moving Average (EMA), Weighted Moving Average (WMA) etc are just the ways of weighing the rates and the periods

Open Position (Trade) — position on buying (long) or selling (short) for a currency pair

Order — order for a broker to buy or sell the currency with a certain rate

Pip - Means Price Interest Point and refers to the smallest digit in any pricing, so if GBPUSD rose from 1 9443 to 1 9450, it rose 7 pips

Pivot Point — the primary support/resistance point calculated basing on the previous trend’s High, Low and Close prices

Principal Value — the initial amount of money of the invested

Profit (Gain) — positive amount of money gained for closing the position

Forex analysis based only on news, economic indicators and global events

Etoro com - Forex ExchangeDave Logen is a forex trader and strategy analyst. Other than writing, he designs software for market analysis of forex trading. For more information regarding forex and forex news, you may visit http://www.etoro.com

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Author : Anthony PeckWho says insurance agents don’t have a sense of humor? They’d have to, to sit back and read some of the insurance claims that drivers and homeowners file today without becoming raving lunatics! Here is a collection of the funniest, most ludicrous and most outrageous insurance claims to ever pass across the desk of an insurance claims director, as told by comedian Jasper Carrott, website www businessballs com and the Charlotte evening news

1) A Charlotte lawyer purchased a box of costly cigars and insured them against flood, storm damage and, of all things, fire Needless to say, his investment went up in (happily inhaled) smoke within a month, after which the lawyer filed a claim with his homeowners insurance company that he was owed compensation because “the cigars were lost in a series of small fires” The insurer refused to pay, assuming (correctly) that the man had smoked the pack himself A judge ruled, however, that since the insurer had never stated what was considered to be “unacceptable” fire the company did, in fact, owe him $15,000 to replace his property
The insurance company paid the claim, but they got their own back in the end The lawyer was then arrested, sentenced to 24 months in jail and a $24,000 fine for 24 counts of arson and insurance fraud
2) True story: When asked to describe how he had come to have a one on one with a lamppost the driver stated that he had not been able to see the post because “it was obscured by human beings ”

3) Only in Louisiana could you get away with filing an insurance claim stating, “Windshield broke Cause unknown Probably voodoo ”

4) It’s all H2O to me A judge had to educate a homeowners insurance provider on the fundamentals of chemistry when a washing machine got stuck on boil and steam cleaned an entire kitchen beyond repair The insurance company tried to claim that steam damage shouldn’t be covered under the homeowners water damage policy

5) A woman meeting her husband, a Navy crewman who was due into port that day, parked at the end of the slip where the submarine was due in to berth There was an inexperienced ensign at the helm who overshot his landing and hit the end of the slip, breaking a section away and sending the car plunging into the water Needless to say, those damages were on Uncle Sam!

6) There may not have been a tornado in town, but a driver unfortunate enough to have picked that day to park his car by the side of the road was treated to a moment in Oz when a house came crashing down off the flatbed of the truck hired to move it, completely destroying his vehicle

7) Will these pedestrians never learn? A driver stated on his insurance claim form that “I knocked over a man He admitted it was his fault, as he’d been knocked over before!” Another driver quite practically pointed out, “The pedestrian had no idea which direction to run, so I ran over him ”
In a nod to punctuality, a driver was rushing out of his drive on his way to work at seven o’clock in the morning and ran straight into a bus-who was five minutes early Anthony Peck is the Senior Developer, Software Project Manager, and Director of Business Development for QuoteScout.com. For more funny insurance stories, visit them on the web at http://www.QuoteScout.com.

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Author : Paul HeadleyThere are a whole range of insurance options available for taxi drivers and taxi firms If you drive more than one taxi however it is often more cost effective and easier to apply for fleet insurance

Most insurers allow for fleet insurance on as little as two taxis, although others have a higher minimum limit This means that if you run a smaller taxi firm you will have to inquire as to the specific amount per insurance firm If your taxi firm makes use of MPVs, minibuses and other private higher vehicles you may include these in the total minimum number of vehicles required

If you are operating your taxis predominantly in built up urban areas your premiums may be higher, as these are considered high risk areas Storing your taxis in a garage when not in use can really help cut down on this higher price, as can using vehicle immobilisers

It is important to ensure you are applying for the right type of insurance policy for your company Public hire insurance policies and private higher policies carry vastly different costs, however it is important to purchase the policy correct for your businesses needs Only taxis insured under a public higher policy may be hailed on the street It is an offence for private hire vehicles to do so, they must be ordered prior to the journey

Always notify prospective insurers about any no claims history you may have As one of the biggest ways to reduce your insurance costs most companies now make it a requirement to inform them of any no claims history you may have This can reward you with a no claims bonus, reducing the cost of your insurance policy by potentially hundreds of pounds

You can also protect your no claims bonus, allowing you to make claims in the upcoming year without effecting your no claims history This is normally quite expensive, but it can give you long term cheaper insurance costs

It is essentially to fully check all of the terms and conditions of a policy before agreeing to it Some companies offer much lower premiums yet impose restricted mileage limits, limiting the amount you can use your taxis

Check any policy for the excess costs While one policy might be cheaper than another comparable policy, there might be high excess limits on the policy which works out much more expensive should you have to make a claim

There are also a number of specialist insurance companies that focus just on commercial insurance policies, this allows them to further help you with finding the right policy for you The staff will have a much greater understanding of the insurance policies you are after, as well as being more experienced at dealing with commercial drivers

With so many insurance companies available now, it is quite easy to find competitive taxi insurance policies By spending a small amount of time comparing policies you can often save many hundreds of pounds, so it is well worth your time to find the most competitive deal Paul Headley is a specialist insurance article writer. Staveley Head are a leading UK insurance broker for
courier insurance.

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Author : Chris EspositoFHA insured loans have spiraled upward in popularity with the demise of the sub-prime mortgage market So, how is it that the FHA 203(k) program is still a hidden gem - still a great unknown? It is by far the most liquid, most flexible, most useful home rehab loan on the market Here are the basics every potential homeowner needs to know right away

1 Down Payment for the FHA 203(k) Home Rehab Loan Program:

One of the best features of the FHA 203(k) program is that it is very liberal in its guidelines compared to conventional home improvement loans available today Whereas most programs want 10% or 20% for a down payment, the FHA 203(k) insured loan requires only a 3 5% down payment

This small down payment may still be a little tough for first time homebuyers So, the FHA 203(k) program has found a way to make things even easier Borrowers can actually have family members pay the down payment for them!

So, what about the closing costs? The good news here is that this home rehab loan will even allow the seller of the home to pay up to 6% of the purchase price in order to cover all closing costs Therefore, a borrower can have a family member pay the 3 5% down payment and the seller pay all the closing costs In other words, the borrower could buy and renovate a home with none of their own cash out of pocket

2 Credit Requirements for the FHA 203(k) Home Rehab Loan Program:

As lenders around the country have tightened their belts in an effort to survive the current market downturn, they have all increased their requirements for a borrower’s credit score During the heyday of sub-prime lending, a borrower could have credit scores around 500 Nowadays, lenders want credit scores at 680, or 700, or even 740 in some cases

However, the FHA 203(k) does not have any specific requirements for a particular credit score One of the interesting things about this program is that it is a federally insured loan, meaning the government doesn’t actually lend the money but instead insures the mortgage for specific, approved lenders

What does this mean for your credit score requirements for an FHA home rehab loan? Even though there is no specific score cutoff set down from the government program, almost all lenders who use the program have set the bar at the old standard of 620 That’s a much more liberal requirement as compared to the credit score cutoffs from conventional programs This means that the FHA 203(k) program is available to a much broader range of potential homebuyers and renovators

3 Income Requirements for the FHA 203(k) Home Rehab Loan Program:

Like most loan programs today, this home renovation loan requires fully documented income, meaning you will have to provide pay stubs, W2 documents, 1099 documents, tax returns, or whatever you have to prove you earn what you claim on your application

This income is then compared to your monthly payments Like most loans, your new loan’s monthly payment can only be a small percentage of your gross monthly income (maximum of 31%) Likewise, your total monthly payments, including your new home loan plus the monthly payments showing on your credit report, should not exceed 43% of your gross monthly income

These debt-to-income ratios are pretty much inline with other loans around the nation The FHA 203(k) program actually gets a little more liberal, though In most cases, a borrower an stretch these maximum if they have other compensating factors in their file, such as a very strong credit score or a lot of savings in the bank

4 Savings Requirements for the FHA 203(k) Home Rehab Loan Program:

In mortgage terms, the amount of savings you have in the bank is known as reserves And, reserves are just one more way that the FHA 203(k) program is setting itself apart from conventional loans For rehab loans or construction loans, it’s typical for a bank to require that you have at least 2 months of payments leftover in your savings Sometimes, they will want to see 6 months or more However, the FHA home rehab loan has no requirement at all for reserves, making it a very liberal lending program indeed!

5 Where to Find the FHA 203(k) Home Rehab Loan Program:

Okay, so if the FHA 203(k) program is so liberal and potentially helpful to so many people who want to fix up a home, then why is it still a hidden gem in the mortgage world? The reason for this is that only a small portion of lenders around the nation are approved to provide FHA insured loans And, only a few of these select lenders are qualified to provide the specific FHA 203(k) program

Most of the lenders are satisfied working with the typical FHA loan for purchases or refinances Only a select few are qualified and approved to lend money for the 203(k) program for home rehab loans They are more complicated, involved loans, because they require review and underwriting of the property itself as well as the proposed renovations and repairs There just aren’t many lenders who know how to handle this type of program, which makes it the great unknown

It is no secret that home renovations are going to be vital to the recovery of the housing market, which means more and more borrowers are going to need a quality home rehab loan program such as the FHA 203(k) If you find yourself in this situation, you may not be able to find a lender locally For such a specialized program, your best bet may be to search for a national lender online who can meet your needs You want to make sure you deal with a lender who specializes in home rehab loans and understands the FHA 203(k) program Chris Esposito specializes in home rehab loans through his company CM Direct, Inc. If you are interested in learning more about the FHA 203(k) program, or want more info about home rehab loans in general, go to http://www.DirectRehabLoans.com, or call (877) 876-3688.

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Author : Paul HeadleyLow cost insurance is offered by many different insurance companies However, low cost does not always mean that your van courier service will be adequately or legally covered

Courier vans driving on public roads in the UK have to be covered by appropriate van courier insurance; this usually means it has to include Goods In Transit cover

Any goods which are transported or carried for payment or reward need to be insured There are three different types of Goods In Transit insurance which are offered by the majority of insurance companies

The basic level is a ’single package’ cover Meaning exactly what it says, only one packet is covered for the time it is onboard the van

The next level is cover for each individual vehicle This may be very useful for those who have a fleet of vehicles, particularly if you regularly carry dangerous goods

By restricting the transportation of dangerous goods to one vehicle means that the vehicle can be insured appropriately - While the remainder of the fleet can be insured at a lower premium If this type of scenario applies to your business it is advisable to speak with the courier van insurance company to discuss the options available

A further option of having each consignment is also available from many insurance companies The cover can be short term to provide insurance cover for the duration which the consignment is onboard Check with the insurers to see whether they offer this option

Having a 100% All Risks cover included within the Goods In Transit option will provide cover should the goods be stolen or damaged while they are in transit and cover should the goods be damaged which is caused by an accident while they are in transit

All risks options are not generally included with a Goods In Transit policy they are counted as optional extras for which additional costs will be incurred due to the higher amount of cover they provide This type of option usually comes with strict restrictions and exemptions It is therefore wise to discuss exactly what is and isn’t covered and read the schedule and policy very carefully when it arrives

In order to provide appropriate cover the insurance company will need to be informed of the type of goods you will be carrying If you have been given an undisclosed parcel, packet or consignment it is your responsibility to inform the insurance company

Failure to do so may make your insurance invalid or may mean that should you need to make a claim goods which are considered ‘target goods’, those which are a greater risk of being stolen such as electrical goods and computer parts, you will only receive 50% of their value

All goods leaving the country will have to have an export declaration There are very strict controls as to the type of goods which can be taken abroad Speak with the courier insurance consultants if you are in any doubt as to whether the goods can legally be transported out of the country Paul Headley is a specialist insurance article writer. Staveley Head are a leading UK insurance broker for
courier insurance

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Author : Anjana RoyWith the present economic crisis, people are finding it difficult to pay off the loan they once took on their homes This is very humiliating because, finally, you will receive a foreclosure notice at your doorstep asking you to move out of your house in a few days time Do you want to face such consequences? It doesn’t stop at that There is the credit rating If you have a foreclosure against you, your credit rating goes down to such a low value that if you have to regain it back you need at least three years So the obvious question is, is there any means to prevent foreclosure from happening?

If you study the issue carefully you will know that the best option that is available to avoid foreclosure is to opt for short sale This is a procedure by which your lender agrees to sell your house at a rate that is much lower than the amount that you have to pay them Though some of them would want you to pay the remaining amount in a stipulated period of time, others might just give you a waiver off the amount that you need to pay them

When you decide to go ahead with the short sale, so that you can Prevent Foreclosure Florida of your home, your credit rating still gets affected, but you can get back on credit in just two years where as this is not the case with foreclosure

The best way to go ahead processing the papers to avoid foreclosure is to use a certain company or agency to help you There are several agencies that are available who work towards how to prevent foreclosure You need to make sure that you choose an agency that you can trust and that will understand your situation giving you the best services You will be in a condition where you will not know what the steps you need to take are and the advice of a local attorney is a must This will make sure that you follow steps that are legal in order to prevent foreclosure

When you find a realtor company to help you, you need to make sure that you choose a recognized one; make sure you do not fall trap to any scam You need to also consider a good real estate lawyer and learn about the tax implications All these services will be provided by a good agency But finding a good one that will help you avoid foreclosure opting for a short sale is the tricky part

The internet is the best option for you to find details about such agencies There are several companies that do the complete process online giving you time to settle all the other affairs Make sure that you provide your agent with all your details which is the only tool that will help them talk to your lender and pursue them to avoid foreclosure in your case and permit a short sale You need to provide valid reasons as to why you are not able to finish paying off the loan that you took All these rests in the hands of the agency that you choose, because the way they talk to the lender matters a lot
Check out Prevent Foreclosure Florida
for all the details regarding The Best Means to Prevent Foreclosure making and related works.


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