PROFITING IN FOREX TRADE

The foreign exchange market is the largest market in the world, with nearly $2 trillion in various currencies traded each day. It is one of the most profitable market places that any trader worth his salt can make a lot of money in. If you are an aspiring forex trader who wants to make a killing at the foreign exchange market, you will need to master the basics, develop a smart trading strategy, and use a proven and consistent system in order to continuously profit from trading foreign currency.
Get a solid education on the basics of forex trading. There are a lot of resources a budding forex trader can find in the form of e-books and online articles, as well as from the advice of an experience trader. It will be a good idea to practice on a demo account before laying down your money in a "live" trade. These demo accounts come with no risk on your part, and not only will they serve as good diagnostic tools to measure how well you do in forex, they can also sharpen your trading skills.
Many successful forex traders make use of proven trading systems in their day-to-day trading. There are many forex trading systems available on the Internet, and you will come across some highly commercial advertisements promising you riches if you use this system or that system. Instead of jumping from one system to the next in your quest of finding one that works, do your research instead. Read objective third-party reviews and join forex trading forums to chat with other traders to get an idea of what system has been proven to give results.
If you find that a system that uses very fast trading timeframes, avoid them. The foreign exchange market is an erratic environment which is known to act more randomly within short timeframes, usually anything falling below an hour bar. The most reliable systems will steer you towards the more stable daily bars where the trends and trend reversals are much easier and clearer to interpret.
Stay away from the lure of fast money. Stay with slower time frames using your tried and tested system. Start trading small at the beginning with micro lots priced at an average of $1,000. Although they don't usually advertise it, there are brokers that deal in micro lots. Have the patience to inquire about them so you can start your career as a forex trader with these smaller currency amounts.
Expect to have periods during which you will lose in most, if not all of your trades. Even the best traders go through this. The most important thing is to be consistent and not let your emotions get the better of you. Keep your eye on the ball and focus on your long-term goals of winning instead of sticking with the short-term prize.
Discipline is a very strong factor in determining whether you can make a good turn-around in your trades. The key in cases like these is to develop strong money management in order to minimize your losses and maximize your profits.

OPERATE OVERSEES STOCK EXCHANGE

Week before last, the Minister of Finance and National Economy (MFNE), Mr. Zubeir M. Hassan, withdrew the regulatory powers over Khartoum Stock Exchange (KSE) delegated by him to the Central Bank of Sudan (CBS) in January 2006.Such regulatory powers were passed to the CBS on the request of the CBS and on the basis of the recommendations of a joint IMF/World Bank. No reasons were given for such withdrawal .KSE has been overseen by a board headed by the Minister of MFNE and the deputy is the governor of the CBS, in addition to other members. This board was supervising the operation of KSE for the last 12 years and very successfully. During the tenure of this board KSE by cross listing Sudan Telecommunication Co. (Sudatel) in the Gulf markets was able to attract a considerable size of Arab investment into Sudatel as well as the banking sector. These regulatory powers were given to the CBS and taken away from it without any visible reasons. However before proceeding to analyse the nature of these changes, it will be of both academic and practical interest to provide a background to the establishment of KSE which is now one of the most important and visible financial institution in Sudan and also an important emerging market in the Arab and African regions. . Thinking about establishing a Securities Market in Sudan started as early as 1962 during the regime of late General Abboud. A good number of studies were undertaken and were initially started by the MFNE at that time in consultation with the Bank of Sudan and the cooperation of the International Finance Corporation (IFC) which is an arm of the World Bank. The idea did not get through and it was abandoned. In 1976 during the regime of Nimeiri an act to establish a Securities Market was prepared and was handed over to the Peoples’ Assembly which passed such an act to the Attorney General’s Chamber.. Ironically enough this Act remained in the offices of the Attorney General’s Chamber and was only passed in 1982!! Obviously the act could have come to the surface during Nimeiri’s time because from its very inception Nimeiri started with nationalization of the banking and trading system in 1970 and the adopted socialist planning. A decision which left its mark on the course of Sudan’s economy for many years to come. In such a situation the idea of a Securities Market which is a capitalist instrument would not have found its way to application. Therefore, the Act to establish a Securities Market was only passed in 1982. Even then and with the prevalence a heavily loaded public sector culture the idea of a Securities Market would not have found its way to the surface. Between 1962 when the idea was first conceived and 1982 when the Act for a Securities Market was conceived nothing came through because of the unstable economic policies during the period and the continuous changes in governments alternating between military and civilian rule. From then on and until 1992, no attention was given to the idea of establishing a Securities Market because the whole environment was preoccupied with the problems of governance and political stability which is a precondition for any meaningful development.