Forex trading tools

Forex trading toolsTools are great to deal with trading and they will help you. Trading involves lots of data processing to make a decision to trade. Choosing a right tool are also important to light your path. There are many tools available. These tools cover different aspects of the trading. Millions of people use the paid services as well as free services. You can get many free forex trading tools. Depending on the purpose, you can change the tools. Every tool has updated information on the FOREX trading. To make it simpler we are listing some of the important tools. Following are the tools which are popular in the market.

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How to be safe in FOREX market


How to be safe in FOREX marketMany people simply jump into the Forex trading thinking that they can earn some quick money. However, the problem is, it is not as simple as you think. You need to be on your toes. You need to have complete knowledge about your past trading. Many people earn lot of money. At the same time, many people lose their money. It is all about preparations. You need to find ways to become safe. When you are safe, you will earn money without losing anything. As daily trillions of dollars of money, gets exchange every day. It is important to consider everything. In this article, we will help you to stay safe in the Forex exchange and transactions.

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Freddie asks for additional $10.6bn bail-out

Freddie asks for additional $10.6bn bail-outFreddie Mac, the second-largest US mortgage finance company, said on Wednesday it would need an additional $10.6bn from the US Treasury Department to staunch losses on bad loans.

The company said it had lost $8bn, or $2.45 per share, in the first three months of 2010. The amount includes a $1.3bn dividend payment to the Treasury Department on senior preferred stock issued as part of a 2008 government-led bail-out. Along with larger rival Fannie Mae, Freddie is propping up the housing market by purchasing mortgages in the secondary market.

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Paulson and Geithner Testify on Regulation and Housing

Paulson and Geithner Testify on Regulation and HousingToday, the Financial Crisis Inquiry Commission continues its fourth round of hearings on the origins of the recession, with the current and former Treasury secretaries, Timothy Geithner and Henry Paulson, speaking on the shadow banking system — comprising financial companies like Goldman Sachs that are technically not banks because they do not take deposits.

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US home loan demand up in tax credit’s last days

US home loan demand up in tax credit’s last daysDemand for loans to buy U.S. homes raced to a seven-month high last week in the last hurrah for federal homebuyer tax credits that ended April 30, Mortgage Bankers Association (MBA) data showed on Wednesday.

Home purchase loan applications jumped 13 percent in the week ended April 30 to the highest level since early October, overshadowing a 2.1 percent drop in refinancing demand. Total mortgage applications rose by a seasonally adjusted 4 percent, the trade group reported.

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ECB Declines Comment On Currency Market Speculation

ECB Declines Comment On Currency Market SpeculationThe European Central Bank Wednesday declined to comment on financial market speculation that the ECB and other major central banks are preparing to intervene in the foreign-exchange markets to prop up the flagging euro.

The talk comes as traders circulate a report from a U.S. think-tank reportedly noting that the Group of Seven leading industrial nations are concerned about the speed of the euro’s decline. The report is also said to note that major central banks may be preparing verbal intervention to support the currency “if the rout continues.”

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Fed expects economy to keep improving

Fed expects economy to keep improving  The Federal Reserve has a more optimistic outlook for the U.S. economy, according to meeting minutes released Wednesday, but the central bank is still debating how to shrink its massive balance sheet.

The Fed now expects U.S. gross domestic product, the broadest measure of economic activity, to increase at an annual rate of between 3.2% and 3.7% in 2010. That’s up from the Fed’s previous estimate of between 2.8% and 3.5% in January.

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