Technology and Gadgets Tracker 2.0

Sharing is Rewarding! Click on the red Rewards Flag

Monthly Archives: April 2010

2 New Projects in Cyberjaya

2 New Projects in Cyberjaya – Shaftsbury Square and Garden Plaza. WOW.

Shaftsbury Square Cyberjaya at http://www.shaftsbury.com.my/

Shaftsbury Square; a fusion of art, culture, enterprise and comfort living. It is conceptualized as a self-sustaining work and residential development where aesthetics and function merge in contemporary luxuries.

Located on prime land within the heart of Cyberjaya, Shaftsbury Square is slated to become the new icon of this global ICT hub.

The freehold development comprises three office tower blocks, two blocks of luxury SOHO/Serviced apartments and one hundred and fifty units of high-end retail shop-lots offering a diverse range of communal retail amenities that should suit every need.

Continue reading →

What is a Swap (Rollover) in Forex Trading

What is a Swap (Rollover) ?

Interest / Swap / Rollover refers to the interest traders may earn or be charged for holding open positions more than 1 day. Forex market calculates interest on a daily basis. At the end of each trading day at 5:00 pm New York timezone, traders will see the interest charged or interest income credited to their accounts To convert New York timezone to your local timezone please visit :
http://www.timeanddate.com/worldclock/timezone.html?n=179

When opening forex transactions, the actual value date is two days forward. A deal which is done on Monday is for Wednesday’s value. A deal done on Friday is for Tuesday’s value (Saturday and Sunday are not couted), and so on. Please note : On Wednesday the amount of swap is multiplied three times (tripled) to compensate weekend holidays which swap is not charged.

How to Calculate Swap:
Traders will earn positive swap if the currency bought has greater swap rate than borrowed one.

Example 1:
USD/JPY Pair. USD Swap Rate = 5.25% , JPY Swap Rate = 0.5%
Buy USD/JPY means a trader is buying USD by borrowing JPY. Since bought currency’s swap rate (USD) is greater than borrowed currency’s swap rate (JPY), the trader will earn interest income : 5.25% – 0.5% = 4.75% When a trader Sell USD/JPY (means borrowing USD to buy JPY), the trader will be charged by interest fee : -5.25% + 0.5% = -4.75%

Example 2:
EUR/USD Pair. EUR Swap Rate = 3.75%, USD Swap Rate = 5.25%
Buy EUR/USD means a trader is buying EUR by borrowing USD. Since bought currency’s swap rate (EUR) is smaller than borrowed currency’s swap rate (USD), the trader will be charged by interest fee : 3.75% – 5.25% = -1.5% When a trader Sell EUR/USD (means borrowing EUR to buy USD), the trader will earn interest income : -3.75% + 5.25% = 1.5%

Forex Broker usually provides a list of daily swap rates for every currency pairs available. Traders could find interest fee / earning based on Buy or Sell positions they will trade. (swap is usually in $ or pips value). If the swap value is quantified in pips, traders need to convert pip to dollar by calculating pip value of corresponding currency pair.

403 pips this week from Forex Trading

WOW…..I grabbed about 403 green pips this week from my forex trading. Most trades were on the GBPUSD as the SRS Trend Forex system recommends this forex pair on the 5TF and 15 min TF.

Some pips on my own fxprimus live accounts while some pips gained for some forex managed accounts that I handle. The excellent SRS Trend Forex system contributed to a lot of green pips and I hope the run continues.

Here’s a screenshot of my fxprimus MT4 look with the SRS Trend Forex system. I’ve added the ZPF and a EMA crossover indicator to make the SRS alerts clearer.

Forex Report :
266 pips + 79 pips + 58 pips = 403 pips this week ! That would mean if you traded 1 standard lot on this pips, you will earn USD 4030 in just one week!

Don’t forget to check out the excellent SRS Trend Forex system and the ongoing 50% credit promotion at FXprimus !

For more info on our FOREX MANAGED ACCOUNTS, please email to admin AT thesmsguide.com

Some live report screenshots of the pips that I got this week…