Author Topic: LiteForex - take your first step to financial freedom  (Read 107501 times)

Offline Shuvalov

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Re: LiteForex - take your first step to financial freedom
« Reply #50 on: October 30, 2009, 09:00:44 AM »
 
Quote from: kawasaki link=topic=23279. msg237293#msg237293 date=1256805470
you are at Seychelles, I never know any country with that name exist.   but i know you have office at other countries too. 
\"LiteForex service mark is registered in the United States Patent and Trademark Office under the serial number 78863864 and registration number 3255556\"
well.  .  .  if you have US patent, why you are not NFA member? Then what broker association that approve you? I know this organization regulate brokers around the world.   If you are not listed at any of those organization, then how investor can be sure that you follow every rules and ethics when providing the trading service? I don;t try to be skeptical, but some broker \"MAKE\" their trader loss to earn dirty profit. 
Your reply is very appreciated. 
Dear kawasaki,
Republic of Seychelles is an archipelago country of 115 islands in the Indian Ocean some 1,500 kilometers east of mainland Africa, northeast of the island of Madagascar.  This is where the company is registered as well as many other international business organizations.  As for the United States, this is the LiteForex service mark that is registered there.  You are not correct that NFA regulate brokers around the world.  It is a watchdog of the futures industry in the United States.  As far as our company is not registered in the USA we are not obliged to get membership in NFA. 
As for brokers’ scam, it is very inefficient practice.  You cannot fool your clients and expect them to be loyal to your company.  We have more than 45000 clients around the world that we value.

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Re: LiteForex - take your first step to financial freedom
« Reply #50 on: October 30, 2009, 09:00:44 AM »

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Offline Mikhail Tegin

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Re: LiteForex - take your first step to financial freedom
« Reply #51 on: November 03, 2009, 11:06:30 AM »
As for the regulatory precess and organisations, the company is regulated by Russian Federal Financial Market Service's laws and rules
Best regards,
Mikhail Tegin

Offline Vertex123

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Re: LiteForex - take your first step to financial freedom
« Reply #52 on: November 10, 2009, 10:23:50 AM »
   
Hello, I first learned about your company.  I was wondering a few questions.
1.  Your company insures customer deposits?
2.  With what minimum deposit you can work at your company?
3.  Who liquidity provider?
4.  Whence quotes market rates?
5.  What kind of monetary system works?
6.  What financial instruments are present in your company? (Equities, CFD, options)

Offline Shuvalov

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Re: LiteForex - take your first step to financial freedom
« Reply #53 on: November 10, 2009, 11:08:37 AM »
Quote from: Vertex123 link=topic=23279. msg240841#msg240841 date=1257845030
   
Hello, I first learned about your company.   I was wondering a few questions. 
1.   Your company insures customer deposits?
2.   With what minimum deposit you can work at your company?
3.   Who liquidity provider?
4.   Whence quotes market rates?
5.   What kind of monetary system works?
6.   What financial instruments are present in your company? (Equities, CFD, options)
Dear Vertex123,
Here are the answers:
1.  No, it does not.
2.  1 dollar.
3.  Unfortunately this is confidential information.
4.  We use a number of sources including Reuters and Tenfore.
5.  I am not sure I understand this question.  What do you mean by ‘monetary system’.
6.  Currency pairs, Commodities (Gold and Silver), CFD on NYSE stocks and LiteForex indices.  The whole list of trading instruments you can find on our website in section Trading Instruments

Offline Mikhail Kurakin

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Re: LiteForex - take your first step to financial freedom
« Reply #54 on: November 12, 2009, 10:15:13 AM »
eur/usd, wekly schedule.
Trend upwards.  Price above the clouds Ishimoku, Tenkan above Kijun, Chinkou span higher prices.  In the situation, selling might be dangerous and unprofitable, better to buy on price rollbacks.

Price rose next, a rather strong resistance line, which was a support line since January 2002.  The first test breaking this line a couple of weeks ago was not successful, the price pushed off and jumped back a little.  V now formed a triangle, a breakthrough line of the triangle in which either side will determine the future direction of this pair.
My broker LiteForex

Offline Mikhail Tegin

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Re: LiteForex - take your first step to financial freedom
« Reply #55 on: November 17, 2009, 10:52:58 AM »
In Forex new trading week again shows growth of the European currency against the American dollar.  Publications of the past Friday have supported moods of investors which show considerable interest to risks yesterday, on Monday, November 16th.  According to the EU data published on Friday, November 13th, Eurozone gross national product has shown growth in the 3 quarter 2009 on 0. 4 % quarterly. 
The Eurozone gross national product has shown positive dynamics for the first time for the last 6 quarters.  Thus, the Eurozone one can say has managed to overcome the recession, though the indicator was barely higher than analysts have expected.  The USA data, on the contrary, has shown negative trends.  Trading balance sheet decreased on $36. 5 billion from $30. 7 billion in August.  The indicator also left worse than the forecast which assumed decrease only on $31. 6 billion.

On Monday November 16th, the positive data came from Japan.  So, according to the estimations, the country's gross national product has shown growth on 1. 2 % quarterly (last quarter the gain made 0. 6 %).
However the most interesting publications are expected to come today from the USA.  In the evening  the data on volumes of retails in the country for October is expected to be published, which will help to understand a condition of a consumer sector in the USA . 
Index of business activity in industrial sector is also one of the most important indicators.  It will be followed by the conference of B.  Bernanke, head of the FED.
Also the announcement of the Chinese policymakers concerning the necessity to correct a yuan exchange rate according to changes in streams of the capital and cost of reserve currencies continues to affect dollar.
Best regards,
Mikhail Tegin

Offline bluemen

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Re: LiteForex - take your first step to financial freedom
« Reply #56 on: November 17, 2009, 05:56:47 PM »

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Offline Mikhail Kurakin

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Re: LiteForex - take your first step to financial freedom
« Reply #57 on: November 19, 2009, 08:56:53 AM »
Quote from: bluemen link=topic=23279. msg243178#msg243178 date=1258477007

Dear Friends,




You were not mistaken a theme?
My broker LiteForex

Offline Mikhail Tegin

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Re: LiteForex - take your first step to financial freedom
« Reply #58 on: November 19, 2009, 11:01:08 AM »
black PR.  .  . 

Post Merge: November 20, 2009, 09:49:24 AM
Yesterday dollar performed selective behavior – the US currency strengthened against some major currencies, however against euro and the Swiss franc it lost positions.  It is hard to tell, what where the reasons for such selectivity, however it is possible to tell when and how did dollar reacted.  Totally unexpectedly the representative of the FRS Bullard became that catalyst, caused easing of USD, having declared that the Committee would increase interest rates only in 2012.  This date has instantly flown about the markets and has caused many jokes concerning Maya calendar which predicted the doomsday the same year.  But everything has quickly returned on its places as soon as it was found that comments had proceeded not from Bullard, though from his representative who was not quite accurate about the figures.  In addition, everyone has recollected that Bullard has no vote in FOMC so his words do not possess such a great value.  Nevertheless, the main dispute remained – what if the Fed will dare toughen its policy only within three years?
As for reports published yesterday, they show ambiguous data.  In October, it says, American builders started to erect fewer houses, as the housing sector prospects had worsened because of growth of unemployment rate and fast end of the program of tax discounts.  The quantity of new buildings reduced by 11% to 529, the indicator of the future building also decreased.  There is hardly anything surprising about it - demand continues to fall that means that the supply continues to grow.  In such conditions there is no need in new buildings.  And the data on inflation should have strengthened dollar.  In October consumer prices in the USA have grown by 0. 3%, and net CPI - by 0. 2 %.  Thus, the chance that the Fed will have to fight inflation sooner than later is nowadays very nigh.
Inflation rate in the USA is higher than it has been expected.  However, the Fed’s representatives still claim there is hardly any risk of further inflation growth, thus they allow to think that the Committee will bear higher inflation in order to inject the money given by the government to the economy but not in investment as it was in Japan.
As published data did not bring much optimism, balance sheet in euro zone also sharply worsened in September, having shown negative balance as the import volume has grown faster in comparison with export.  ECB report has shown that balance on current operations deficit was as much as EUR 5. 4 billion against proficiency of EUR 0. 6 billion in August.  In September the Volume of output in building sector in the EU reduced by 1. 1% to a minimum level since February 1999.  Considering all the above mentioned real estate has fallen by 8. 0% annually.
« Last Edit: November 20, 2009, 09:49:24 AM by Mikhail Tegin »
Best regards,
Mikhail Tegin

Offline Mikhail Kurakin

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Re: LiteForex - take your first step to financial freedom
« Reply #59 on: November 20, 2009, 12:27:52 PM »
I is such a picture on the hourly chart.   I think that with a rising bottom line breakdown support and consolidate the lower direction of the course will be down.   But also a chance to rebound from this line and the direction of the course up to the descending resistance line. 
My broker LiteForex

Offline Mikhail Tegin

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Re: LiteForex - take your first step to financial freedom
« Reply #60 on: November 23, 2009, 09:14:09 AM »
Last week was the second week when dollar ended up between 1. 4965 and 1. 4860.  The US currency wasn’t able to make further upturn as last week economic data on US economy made investors avoid risks.
This week is going to be another mystery: this Tuesday the US government is going to release new updated GPD data.  According to some forecasts, these figures will be lowered by 0. 4% and will make up to 3. 1% against former 3. 5%.  If these forecasts turn out to be truth, we would be able to see some changes on Forex.
One might wonder if it’s good or bad for dollar.  Here the point is as follows: the former data released turned out to be higher than it had been expected at first (3%).  On the verge of this encouraging piece of news stock market made up for past failures which in its turn did not do much good for dollar (that happened due to encouraging economic data, ‘cause investors thought they are safe from new wave of crisis and switched their attention to more risky assets).  In this case GDP review will be lower than 3. 5%, stock market on the other hand will face some downturn and the US currency will strengthen.  Though the question here is about the level.
Best regards,
Mikhail Tegin

Offline solo

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Re: LiteForex - take your first step to financial freedom
« Reply #61 on: November 23, 2009, 07:12:07 PM »
thanks
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Offline Mikhail Tegin

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Re: LiteForex - take your first step to financial freedom
« Reply #62 on: November 24, 2009, 11:40:42 AM »
Last week’s Forex trading process shown some strengthening of the American dollar against the basic currencies.  The main reason for dollar to start strengthening was the Fed’s policy concerning low interest rates.  The Committee repeatedly declared that yet it does not consider any interest rate increase, and analysts expect growth of rates only in second half of 2010 after the same decision is made by European Central Bank.  By the way, ECB already takes first steps towards toughening its policy.  So, according to the Head of ECB Jean Claude Trishe, it will gradually call back measures aimed at stimulating business activity in the zone.
This week seems to be quite resilient.  On Tuesday, November 24th, the USA is expected to release data concerning dynamics of gross national product for the 3 quarter 2009.  Germany is also going to present GDP figures.  Besides, this evening the USA is going to publish interesting enough statistics on an index of trust of consumers and a price index on real estate market. 
At the same time ECB warns about dangerous dependence on cheap credits, pointing out that the first step towards liquidity reduction may soon be taken.  Unlike the European colleagues, representatives of the Fed say that they would prefer to keep programs for asset buying stimulating.  These differences in strategies does not seem to make much good for the USA.
Best regards,
Mikhail Tegin

Offline Mikhail Kurakin

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Re: LiteForex - take your first step to financial freedom
« Reply #63 on: November 25, 2009, 10:16:35 AM »
What we have today? Euro against the U. S.  decided to strengthen or will continue in the same channel to hang out?
My broker LiteForex

Offline Mikhail Tegin

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Re: LiteForex - take your first step to financial freedom
« Reply #64 on: November 26, 2009, 10:26:38 AM »
The Fed representatives still claim that dollar’s weakening during the last months has been ordered and stable.  That means in case the currency looses a few more positions that would not cause trouble to the US economy and would not force Fed stray from their present policy and turn to money toughening policy. 
Analysts have already warned that at this week might have a huge potential.  Euro, at last, has punched the bewitched level of 1. 500 against dollar, and in general the American currency has had huge losses.  First of all, such dynamics is defined by “lazy” market typical for holiday weeks.  The second thing is already familiar to all: diversification of currency reserves which has stepped on the stage again after Russia’s announcement that they will consider Canadian dollar as a reserve currency.  Now the main question is: what happens next? Whether dollar will be able restore its positions with the beginning of new week and after leaving alone the debates over currency diversification? We are ready to believe that as it is necessary to remember that in such hard times countries don’t want to have expensive national currency and if the euro goes further, officials will probably make some interventions.
Besides all of that, dollar’s weakness was caused by less attention to the currency and more attention paid to risky assets in response to positive economic data from the US and Europe (particularly Germany). 
Now it’s Thanksgiving time and investors did not and still do not want to put their funds at stake.  Today it would be better to refrain from any significant trading steps as it seems quite difficult to forecast market dynamics in view of lax of market participants.  Here are two major options: either everything will stay almost the same, or we should expect a considerable breakthrough as we have seen it with euro.  For about a month the European currency has trying to hit 1. 500 point and finally managed to do that. 
But this happened hardly thanks to positive economic data from EU countries.  Market moods have been forced mostly by economic data coming from the USA and weaker dollar.
Now we can only wait and see.
Best regards,
Mikhail Tegin

Offline Andrea Johnson

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Re: LiteForex - take your first step to financial freedom
« Reply #65 on: November 26, 2009, 11:02:04 AM »
Guys, I always wanted to ask, why do companies such as yours always have offshore registration? Any problem with law in normal countries?

Offline Mikhail Tegin

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Re: LiteForex - take your first step to financial freedom
« Reply #66 on: November 26, 2009, 03:16:55 PM »
No problem, it's just that some domestic laws do not appreciate specific business activity (I mean have no legal base regulating these issues)
Best regards,
Mikhail Tegin

Offline Shuvalov

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Re: LiteForex - take your first step to financial freedom
« Reply #67 on: November 27, 2009, 10:12:14 AM »
Quote from: Andrea Johnson link=topic=23279. msg245744#msg245744 date=1259229724
Guys, I always wanted to ask, why do companies such as yours always have offshore registration? Any problem with law in normal countries?
Dear Andrea,
There is no problem with law.  Brokers willingly register in offshore financial centers because of tax optimization.  Like any other company we want to minimize taxpaying.  Nothing illegal.  This is a common practice when financial companies (as well as companies of any other sort) go offshore.

Offline Mikhail Tegin

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Re: LiteForex - take your first step to financial freedom
« Reply #68 on: November 30, 2009, 09:27:49 AM »
Last Thursday dollar gained much of its lost positions making new trend by EUR/USD which is believed since then will be falling. 
Investors are still focused on Dubai World problem (Dubai State Fund responsible for external debt – the company owes over 59 billion dollars to British government) performing risk-aversion and leaving stock market aside.
Probably this dynamic of the last will remain the same at the beginning of a new one.
Best regards,
Mikhail Tegin

Offline Mikhail Kurakin

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Re: LiteForex - take your first step to financial freedom
« Reply #69 on: November 30, 2009, 12:48:51 PM »
Thank you for your message, but I think that the euro will soon have a tendency to fall.
My broker LiteForex

Offline Mikhail Tegin

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Re: LiteForex - take your first step to financial freedom
« Reply #70 on: December 01, 2009, 01:33:05 PM »
Well, according to latest news, it may not:
Monday, November 30th - Forex trades show advantage of the European currency over dollar.   Demand for risky assets has grown again against the safe prospects Dubai Worlds debt problem: in the end of the past week, the largest state conglomerate Dubai Worlds has asked its creditors for delay in payments, which had provoked nervousness of the investors who have seen in these messages serious threat to European and American banks. 
At the moment the former heat is gone, however negative influence still remains.   The central bank of the United Arab Emirates announced its readiness to support Dubai Worlds’ creditors.   Also emergency financing mechanism has been created to support necessary bank liquidity level, which is of vital importance for recovering economies. 
Monday’s macroeconomic data reflect the mixed views.   In October the fall of industrial production in Japan was a big surprise: 0.  5% against 2.  1% in September.   Data from UK, as a whole, did not much support pound.   
In practice markets are very timid, and can forget almost anything.   Several days ago traders believed that world economy recovery is not far off, however Dubai occasion has at once broken all hopes.   Demand for dollar as currency-refuge was so great, that it has helped dollar to win recognition in the markets.   The new trend was supported also by that fact that Friday’s trades remained very “thin”, as the majority of players did not enter the market after Thanksgiving. 
Despite the lax of economic data from the USA, Friday’s events have a great value.   The point is that in the United States this day large retail companies offer very big discounts for the goods which forces many Americans to cluster in front of shops since early morning.   Hence, depending on the data coming from the US soon on the American domestic demand and Americans’ propensity to spend we may face either economic growth or the next “wave” of crisis as if Americans do not perform much trust to dollar it may break down the biggest economy in the world. 

Post Merge: December 01, 2009, 02:17:11 PM
Mikhail Kurakin, here's some new piece of news, maybe it might help you:
On Tuesday, December 1st, Forex market again shows growth of the European currency against dollar.  The heated debates on Dubai World problem gradually ended, and though negative influence still remains, risky currencies are in demand again thanks to increase of liquidity which ECB and other banks continue to pump up in the markets.  Nevertheless, experts consider this dynamics quite sceptically.  In general, the macroeconomic image remains the same.  Only some sectors of economy show growth, however it is caused by the governmental support, there are no real investments in the economy.  At the same time, fears concerning next steps of policymakers towards current monetary policy.  It is quite probable, that the situation with Dubai Worlds can occur once again, and that in the future some other company will request for financial help in order to settle of multi-billion debts.
Meanwhile, macroeconomic data came out, in general, according to expectations.  The reserve Bank of Australia has raised interest rate to 3. 75%.  Volumes of retails in Germany have shown planned growth by 0. 5 %.  The Rate of unemployment in the Eurozone in October has risen to 9. 8%.  It is likely, that current ascending dynamics of euro will remain up to Thursday when the next portion of the important data among which gross national product gain in the Eurozone for 3 quarter 2009, unemployment in the USA.
« Last Edit: December 01, 2009, 02:17:11 PM by Mikhail Tegin »
Best regards,
Mikhail Tegin

Offline Mikhail Kurakin

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Re: LiteForex - take your first step to financial freedom
« Reply #71 on: December 02, 2009, 09:55:17 AM »
European stock platform finished the first day of winter increases on 1,5-2%.  Novelty "number one" was the improvement in public funds Dubai World, which began negotiations with creditors.  Statistics also did not disappoint.  For example, China has a dynamic industrial growth.  Investors are now waiting for an increase in demand for commodities, so the price of oil went up.  In London, the cost of a barrel of oil Brent went up to $ 79.  Not lag behind and gold, which met in December a new record - $ 1200 per troy ounce.  A very American currency - in free fall: Euro entrenched above the 1. 51 dollar mark.
My broker LiteForex

Offline Mikhail Tegin

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Re: LiteForex - take your first step to financial freedom
« Reply #72 on: December 02, 2009, 11:05:08 AM »
Today it’s becoming more clear, that all actions on Forex, basically, takes place during the Asian/European session, granting the American session only fluctuations in a narrow range.   Whether it’s a sign that data from the United States has not that much influence now then used to? We shall see.   But the fact remains the fact - the dollar enjoyed its strengthening not for long.   As soon as the markets have digested Dubai issue they have rushed to buy risky assets again.   Probably, the fall of demand for dollar was caused by this news: yesterday the Reserve bank of Australia has increased interest rate, third time this year, that only has increased divergence with the Fed. 
The euro has not only managed to reach 1.  500 against dollar, but also to continue its ascent having reached new tops.   In this case its five cents brought positive economic data from Europe and negative moods concerning dollar.   In November unemployment rate in Germany has fallen as the measures taken by the government have reduced number of dismissals, and the economy embarked on recovery.   Nevertheless, in October unemployment in all Euro zone remained at the same decade-maximum level, as companies reduce jobs, despite the exit of the European economy from recession. 
Coming back to an economic image of the USA, we shall focus on manufacturing.   Growth in exports and poor stocks can support strengthening of this sector of economy in 2010 that will help economy as a whole.   As to an employment index - it has decreased.   Thus, increasing number of jobs in branch has proceeded, however at a slower pace. 
Today is supposed to be rather quiet.   If unemployment level sharply decreases, it can, on the one hand, weaken dollar, however then cause a wave of flight from risky assets, and, hence, demand for the American currency on the other hand.   Also investors should pay attention to Beige Book report.   In spite of the fact that it is published with a little delay, nevertheless, it offers more complete picture of economic situation. 

Post Merge: December 02, 2009, 01:46:21 PM
November 15th and 16th, 2009 - the international exhibition ShowFxAsia took place in Kuala Lumpur (Malaysia), LiteForex Group became a ShowFxAsia Award winner.
The geographical factor was a determinant when has been made a decision to participate in the exhibition because more than 30% of all traders who always work with LiteForex Group are Malaysian residents.  “Direct contacts with clients” was one of the key objectives of the presence of LiteForex Group in ShowFxAsia in Kuala Lumpur.

“Preparing for the exhibition, we expected to get assessments of our services and our work with clients because it is impossible to choose the right direction of our further development without such assessments”, said Yuriy Voloshin, CEO of “Trend Line” Ltd. , representing LiteForex in Russia.  “This objective was completely achieved: we got the necessary information from our real and would-be clients for the further correction of the group of companies’ activity.  In addition, the good assessments of services and work of LiteForex Group from the Malaysian traders who collaborate with us were as a peculiar pleasant bonus. ”

During the two days of ShowFxAsia in the pavilion of LiteForex Group it was possible not only to get to know trading conditions, the presence of representatives in Malaysia, the advantages, the account types but also to get all information about the support team.  The group of companies’ managers also represented the services of opening a trading account and the instant deposit into it in real time.  This presentation was in popular demand especially on the second day of exhibition.  According to LiteForex Group spe...ts, “the most part of clients who opened the accounts on the second day of the exhibition did it following their friends’ advice, people who have already worked with the LiteForex group of companies”.  According to the promotion “Open a trading account right now!” which was organized on the exhibition, 10 USD were deposited into each opened trading account for every new client to begin trading.

The clients who opened trading accounts during the exhibition also received the set of brand-name gifts which contained umbrellas, flesh cards, T-shirts, pens and calendars.  The bonus-cards of different value ($500, $200, $100, $50, $30 and $10) were much in demand among the exhibition visitors and these cards also were the exclusive gifts from LiteForex Group. 
 “During the two days of exhibition the visitors could become participants of hourly lottery, raffling gifts presented by the companies-participants of the exhibition”, Yuriy Voloshin added.  “The bonus amounts equal to $500 charged to trading accounts were drawn on behalf of our company”.

About the company:
Straighthold Investment Group, Inc.  is presented by the well known LiteForex trade mark and thus is a part of the LiteForex group of companies.  Placing financial assets on Forex, foreign exchange market, on world Stock Markets, on precious metals and Futures markets as well as providing brokerage services are among the basic activities of the LiteForex group of companies. 
LiteForex company website – www. liteforex. org
« Last Edit: December 02, 2009, 01:46:21 PM by Mikhail Tegin »
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Mikhail Tegin

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Re: LiteForex - take your first step to financial freedom
« Reply #73 on: December 03, 2009, 06:50:26 AM »
European finance ministers meeting in Brussels the European Commission approved proposals to create new bodies to monitor the activities of banks.  Decisions in these organizations will be taken by simple majority.
The idea to tighten the supervision and control over the banks came after the bankruptcy of Lehman Brothers and American broke then the crisis.  But a compromise was not easy: Britain was opposed to the project, fearing that excessive regulation by the EU would go against the interests of individual countries of the Union.  Before the meeting "Ecofin" British Finance Minister Alistair Darling urged his colleagues not to get involved in the regulation, so as not to cause damage to London, the financial center of the European Union.  Darling recalled that in Europe only London can equal konkuririrovat to New York in this field.

I wonder how it will react to the currency.  Apparently dissatisfied with the finance ministers of the monetary policy pursued by banks. 
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Re: LiteForex - take your first step to financial freedom
« Reply #74 on: December 03, 2009, 10:39:44 AM »
On December the 2nd, 2009 Forex market once again shown an ascending trend of the european currency.   Demand for risky assets has increased again, after Dubai World problem was settled.   In particular, the conglomerate has decided to conduct re-structuring of its assets having a total debt equal to 26 bln.   dollars.   Euro was also supported by quite good macroeconomic data which was published on Tuesday, December the 1st.   Thus, in October volumes of retails in Germany in demonstrated growth by 0.  5% monthly.   Business activity index increased as well in November compared to that in October. 
Thus, as a whole, the macroeconomic situation remains substantial mostly owing to government support.   Nevertheless, there were some serious problems.   The situation on a labour market remains extremely intense, both in the USA, and in Europe.   There are also not enough investments into real economy, and growth of the markets which has taken place recently, is purely speculative and does not reflect proper economic recovery. 
December 2nd Forex trades shown quiet dynamics, changes in EUR/USD are insignificant. 
December 3rd promises to add activity to dynamics of the trades.   Today Eurozone GDP for 3 quarter 2009 will be published, which can put some pressure on dollar. 
According to the recent data, ADP unemployment in November in the USA numbered 169,000 against forecasted 150,000 which can seriously damage the influence of other data from USA, if so, dollar might soon enjoy slight recovery.   However, it is necessary to pay attention to the EU also. 

Post Merge: December 03, 2009, 01:29:38 PM
On December 3rd, Forex market again shows advantage of the european currency over dollar.  Yet today investors buy euro owing to yesterdays “thin” trades and awaiting some economic data to be published.  Some publications are already issued and, as a whole, it met analysts’ expectations.  The EU GDP for 3 quarter 2009 has shown growth by 0. 4% quarterly, confirming former dynamics.  Retails also have demonstrated growth, nevertheless, the figures were a little bit worse than expectations.  Indexes of activity in the Eurozone, Germany and the Great Britain have shown insignificant decrease.
Anyway, the euro/dollar pair continues the ascension and has managed again to hit 1,510.  Second half of Thursday is also rich in macroeconomic indicators.  In a few hours the ECB will announce its decision concerning interest rate.  Investors are assured, that EU interest rate will remain the same, viz.  1. 00%, however, as usual, forthcoming comments by Trishe will have more impact on international markets.  Along with that this evening Ben Bernanke of the Fed US will announce further US monetary policy measures.
« Last Edit: December 03, 2009, 01:29:39 PM by Mikhail Tegin »
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Mikhail Tegin

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Re: LiteForex - take your first step to financial freedom
« Reply #74 on: December 03, 2009, 10:39:44 AM »

 

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