Get into Currency rates!

Category: technical , Asked by: S. Q. From Hampton, United States

A: Try to look for a foreign exchange platform that's regulated by accepted associations, for example CFTC, ASIC (Australia) or FSA (Japan). A lot of foreign exchange platforms use them. Whenever you know a platform is certificated by CFTC, ASIC (Australia) or FSA (Japan), it's safe to trust your financial details are treated with utmost strict security regulations in this place. One of our most recommended foreign exchange platforms as an example is "Global Forex Trading (GFT)".

Category: money , Asked by: B. U. From Sunrise Manor, United States

A: We think "HY Markets" is definitely the forex site for you if you search for an online fx platform with a high leverage ratio. In "HY Markets" it is up to 200:1! So if you're feeling lucky, this online fx platform is the right kind of one for you. The minimum deposit for trading is $50 no commissions are charged by this place.

Category: technical , Asked by: N. S. From San Mateo, United States

A: "Easy Forex" is definitely the forex site for you if you'd like a forex site with a fast server connection. Members are frequently pleased with the connection to the server. It's pretty easy to activate the program, you will encounter non of most of the regular interruptions you usually get to deal with connecting to huge servers, and the communication with the server is at all times rapid.

Category: glossary , Asked by: E. R. From France

A: Futures contracts where the underlying instruments are financial such as shares, interest rates, currencies and indexes etc.

Category: glossary , Asked by: B. K. From Canada

A: "dummy director " is A person on a company's board of directors who votes and acts on the wishes of a non board member. Also known as an accommodation director.

Category: glossary , Asked by: Alyssa Q. From Geneve, Switzerland

A: A mortgage plan in which a borrower's mortgage is structured like a checking account, where paychecks are deposited directly into the mortgage account and the mortgage balance is reduced by that amount. As checks are written against the account during the month, the mortgage balance rises. Any amount deposited in the account that is not withdrawn through the check-writing process is applied to the balance of the mortgage at the end of the month as repayment of principal. The potential benefits of the CMG mortgage plan are that when the paycheck is deposited in the account, it reduces the average monthly outstanding principal balance of the mortgage on which interest is charged (interest accrues daily under the plan) even if that principal balance at the end of the month is equal to what it was at the beginning of the month. The plan also assumes that a minimum of 10% of the paycheck remains in the account at the end of the month to permanently reduce the principal balance of the mortgage. A 10% rate of savings results in a greater monthly reduction of principal than is required under a traditional 30-year amortizing mortgage. As a result, the term of the mortgage is substantially shorter, and additional interest charges are saved. The potential drawbacks of the CMG mortgage plan are that it might carry a higher interest rate than more traditional mortgages, and that a borrower can accomplish the same early retirement of principal by making unscheduled principal payments on a traditional amortizing mortgage.

Category: glossary , Asked by: M. Z. From Monte-Carlo, Monaco

A: A cost associated with holding a financial instrument or storing a physical commodity over a defined period of time. Carrying charges include fees such as insurance, storage, and other related costs. These costs are generally incorporated into the price of a futures contract or commodity.

Category: glossary , Asked by: F. A. From Walsall, United Kingdom

A: a "rate anticipation swap " is A type of swap in which bonds are swapped according to their current duration and predicted interest rate movements. Investors will usually participate in these swaps to maximize profits from favorable interest rate movements and minimize losses from unfavorable movements. For example, bonds with higher duration generally exhibit higher price fluctuations when an interest rate changes. If interest rates are expected to decline, investors would swap for bonds with a higher duration in order to maximize potential gains from the price movement.

Category: glossary , Asked by: Janelle P. From United States

A: A fee that a lender charges a borrower that allows the borrower to lock in an interest rate for a certain time period with the expectation that the borrower's mortgage will fund within that time period. The longer the lock period, the larger the required lock deposit. The lock deposit is credited to the borrower when the mortgage funds. If the borrower walks away from the lock agreement, he or she loses the lock deposit. Many lenders do not charge lock deposits as borrowers tend to shy away from them. However, borrowers should recognize that as with all things financial, "there is no free lunch", and a reputable lender that requires a lock deposit may be able to offer a lower interest rate.

Category: glossary , Asked by: Y. Berry from Liechtenstein

A: A certificate, issued by a building society or bank (in accordance with Section 352 of the Income and Corporation Taxes Act 1988) to its customers with interest bearing accounts, in which gross interest, tax deducted and net interest are itemised. This is