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Rated online chess games for edgatan: (updated nightly) |
Registered: Sep-2004 |
Chess rating |
Wins |
Losses |
Draws |
Total |
 |
1358 46th percentile |
917 (46%) |
976 (49%) |
87 (5%) |
1,980 |
| Total games in progress: | 15 |
| Last time online: | hidden by player |
Team rating: | 1303 |
Referrals: | 2 |
| Timeouts: | 362 (18%) |
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Profile / Personal info: City: San Diego, California Country: United States  Additional info: "LIFE IS FOR LIVING... NOT FOR WORKING"
FOR THE FIRST TIME IN THE HISTORY OF THE WORLD... A MERGER OF THE 2 MOST POWERFUL WEALTH CONCEPTS KNOWN TO MANKIND, FOREX (FOREIGN CURRENCY EXCHANGE) "Hands-Free" TRADING, AND BINARY MARKETING IS INTRODUCED.
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WHAT IS THE FOREIGN EXCHANGE? Foreign exchange is the simultaneous buying of one currency and the selling of another. The Foreign Exchange market, also referred to as the FOREX market, is the largest financial market in the world with an average turnover of approximately $1.9 trillion per day. It is estimated that more money is traded on the FOREX in one day than is traded on all the world's stock markets combined in 60 days.
WHERE IS THE CENTRAL LOCATION OF THE FOREX MARKET? FOREX trading is not centralized on an exchange, as with the stock and futures market. The FOREX market is considered an over the counter (OTC) or interbank market, due to the fact that transactions are conducted between two counterparts via an electronic network.
WHO ARE THE PARTICIPANTS IN THE FOREX MARKET? The FOREX Market is called an Interbank Market due to the fact that for over 100 years international Central Banks, Commercial Banks, and Investment Banks have dominated it. However, due to the introduction of the internet, FOREX investing just recently made available to the general public in 1998. Market participation is rapidly growing, and now includes multinational corporations, global money managers, registered dealers, money brokers, futures and options traders, and today, individual private traders like (you and me).
WHEN IS THE MARKET OPEN FOR TRADING?... A true 24-hour market, FOREX trading begins each day in Sydney, and moves around the globe as the business day begins in each financial center, first to Tokyo, then to London, and New York. Unlike any other financial market, investors can respond to currency fluctuations cause by economic, social and political events at the time they occur day or night. The market is closed from Friday evening to Sunday afternoon.
WHAT ARE THE MOST COMMONLY TRADED CURRENCIES IN THE FOREX MARKET? The most often traded are "liquid" currencies, of those countries with stable governments, and respected Central Banks. Today, over 85% of all daily transactions include the U.S. Dollar (USD), British Pound (GBP), Swiss Franc (CHF), Japanese Yen (JPY), Canadian Dollar (CAD) and the Australian Dollar (AUD).
DOES THE FOREX OPERATE LIKE THE SECURITIES MARKET? No. Unlike the Securities Market, there is no central, geographic location such as the New York Stock Exchange (NYSE) where transactions are bid and cleared. As a result, Foreign Exchange trading requires the state-of -the-art technolgy to allow the investors to communicate instantly, 24 hours a day. Currency rates are influenced by the supply and demand of world currencies. Average Foreign Exchange trading volume exceeds $2 trillion daily.
WHAT GOVERNMENT AGENCIES OVERSEES FOREX? The spot FOREX market comes under the domain of the Commodities Futures Trading Commission (CFTC), and the National Futures Association (NFA) which enforces the rules as set forth by the CFTC. It' s primary objective is to enforce high standards of commercial honor and ethical business conduct. The CFTC is located at 1155 21st Street, NW Washington DC 20581 (202) 418-5521 (fax) www.cftc.gov.///
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