Trade Money with Forex Online

Home Product Center (HMPR.BK/HMPRO TB) Reality has turned out far better than anticipated / Bt4.48 - Outperform from Neutral / Earnings preview

* Expect robust earnings growth of 14.2% YoY thanks to solid SSS growth and store expansion
* Revised 2009-10 earnings upward on higher SSS growth
* Re-rated PE multiplier to its normal range of 10x
* Upgrade to Outperform with a new 2009 target of Bt5.40
Expect HMPRO to post stellar earnings growth of Bt213mn Despite the economic slowdown and political unease in 1Q09, we surprisingly expect HMPRO to post splendid earnings of Bt213mn in 1Q09, up from Bt187mn in 1Q08 (+14.2%), but down from Bt343mn in 4Q08 (-37.7%), based on the positive guidance from the company. The robust YoY earnings growth of 14.2% should come from solid same store sales (SSS) growth learn how to trade forex, the success of HomePro Expo and store expansion (32 stores in 1Q08 vs. 35 stores in 1Q09). Seasonality would be behind the QoQ drop.

Big applause for swift and efficient strategies We expect HMPRO to report SSS growth of 4.0% thanks to its good product assortment and aggressive promotions in 1Q09 (Summer Grand sale February 16 - March 8 and HomePro Expo March 13 - March 22). To mitigate the pressure on margins from aggressive promotions, HMPRO efficiently escalated its proportion of house brand products from 10.0% in 1Q08 to 13.0% in 1Q09 and plans to increase this to 15.0% by the end of the year. With these efforts, we expect the company to maintain robust earnings growth in 2009 of 10.3%.

Revised 2009-10 earnings upward With solid earnings anticipated in 1Q09 and the bottoming-out of the economy, we are comfortable in revising up our 2009-10 earnings forecasts to Bt1,058mn from Bt985mn in 2009, or up by 7.4%, and to Bt1,126mn from 1,052mn in 2010, or up by 7.0%. Our key positive revisions were: i) adjusted SSS growth up from 0.0% to 3.0% in 2009, ii) slightly revised gross margin upward, and iii) slightly trimmed SG&A to sales.

Removed discount from PE multiplier We re-rated HMPRO to the low end of its normal trading range of 10.0x. We believe that the re-rated PE multiplier is justified due to the better economic outlook and the company's sound fundamentals.

Valuation and Recommendation We upgrade our rating to Outperform from Neutral with a new 12-month target price of Bt5.40, assigning a new PE multiple of 10x (from 7.0x). At this price, we project FY09 dividend yield of 6.1.

Forex Multiple Trading

To improve the efficiency of our trading strategy. We see the major Trend using a higher time frame than what we intend to use & a lower Time frame to enter a trade.
Say we want to trade using the Daily Charts. We take the Weekly charts to see the major trend. Suppose it's an uptrend in a Weekly chart. We will tend to trade only long positions. We will use entries in the daily charts to enter long positions only. When sell signals are generated we will just exit our long positions. I.e. we don't short sell.
Suppose it's a downtrend in a Weekly chart. We will tend to trade only short positions. We will use a entries in the daily charts to enter short positions only. When buy signals are generated we will just exit our short positions. I.e. we don't enter long positions.
Now that we are using two timeframes. Now coming to timing the entry of trades or adding additional positions. (Pyramiding) We can further use a Hourly chart to time our entries. Suppose the weekly & daily charts are in a uptrend. We will enter a long position or an additional long position when a hourly chart gives us a buy signal. Suppose the weekly & daily charts are in a downtrend. We will enter a short position or an additional short position when a hourly chart gives us a sell signal. This timeframe would not be used to exit the trades. It's solely to improve the timing for entry. For exits we would use the signals generated in the daily charts.

Using multiple time frames to trade.
We take three charts of the same security. First is the weekly chart. Next chart is the daily chart. Third chart is the hourly chart.
We will now use the daily chart to trade. We check the weekly chart for the weekly trend. Lest assume the weekly trend is up. So based on this information we will just trade long positions in the daily chart.
We look for a buy opportunity in the daily chart or we can see the hourly chart to enter a long position.
Now for entering additional positions we use buy opportunities in the hourly chart. We would exit based on the daily chart only, because we were trading based on the daily chart.

Similarly we can trade short where weekly charts are in a downtrend and daily chart generates sell opportunity. Additional positions are entered whenever sell opportunities are generated on the hourly charts.

For Day trading we can use the Hourly, 15 Min and 5 Min charts here we trade the 15 Min chart. Or we can use 15 Min, 5 Mins and 3 Mins charts here we trade the 5 Mins chart.

Good Luck and Happy Trading.

2008 World Car of the Year winners announced

Today, the 2008 World Car of the Year awards winners were announced. The cars were nominated for four categories, Overall Car of the Year, World Design of the Year, World Performance Car and World Green Car and the winners were voted by 47 journalists from 24 countries throughout the world.

The winner of the Overall Car of the Year award was the Mazda2, followed by the new Ford Mondeo and the Mercedes Benz C Class. The Mazda2 also came in second at the World Design of the Year, where the winner was the Audi R8 and the third place went to the Volvo C30. The Audi R8 also won in the World Performance Car section, followed by the Audi S5 Coupe and the new BMW M3. The fourth award, for the World Green Car was won by the BMW 118d with Efficient Dynamics followed by the SmartForTwo cdi and the Volkswagen Passat 1.9 TDI BlueMotion.

So, we can say that the big winners were the Audi R8, with two awards, and the Mazda2, which won the main category and also came in second at another. The winners of the second and third place in each category are ok, though we don’t really dig the Volvo C30 as a great design.

Geneva 2008: Mazda2 three-door makes world debut

One year after the five-door version of the Mazda2 debuted here at Geneva, now it’s time for the Mazda2 three-door version to be presented in world premiere at the Swiss show. The car presented at the Mazda stand looks good especially in the red mica color (like the Mazda Ryuga concept presented last year at Detroit) and with the exterior sports package featuring lowered suspension, wider tread, projector-type headlamps and 16-inch painted wheels. On the interior, the car has also sporty accents, with Recaro® seats in racy red and black two-tone, matching red stitching on the leather steering wheel leather inserts and panels on the door trims.

Under the hood, the Mazda2 three-door hatchback will be available with the same engines as the ?ve-door hatchback:
• MZR 1.5-litre petrol with maximum power of 76 kW/103 PS at 6,000 rpm, maximum torque of 137 Nm at 4,000 rpm
• MZR 1.5-litre uses only 5.9 litres of fuel per 100 km (combined), produces just 140 g/km of CO 2
• MZR 1.3-litre Standard Power version with maximum power of 55 kW/75 PS at 6,000 rpm, maximum torque of 121 Nm at 3,500 rpm
• MZR 1.3-litre High Power version with maximum output of 63 kW/86 PS at 6,000 rpm, maximum torque of 122 Nm at 3,500 rpm
• Both derivatives of the MZR 1.3-litre petrol use just 5.4 litres of fuel per 100 km (combined) and produce just 129 g/km of CO 2
• MZ-CD 1.4-litre common-rail turbo diesel engine with maximum power of 50 kW/68 PS at 4,000 rpm and 160 Nm of torque at a low 2,000 rpm for lively driving fun
• MZ-CD 1.4-litre uses just 4.3 litres fuel per 100 km (combined) and produces a very low 114 g/km of CO 2
• Five-speed manual transmission standard for all engines

For more details and a complete photo gallery, click on the ‘Read More’ link below.

100,000 Mazda2 sold in only 8 months

Yesterday, Mazda made a press release in which announced that the 100,000th Mazda2 (called Mazda Demio, for the Japanese market), with only 8 month passed since the car debuted, in May 2007. Mazda’s competitor in the small car class did a really good job and the 31 international awards prove that. Last year was also a very good one for Mazda in Europe, the Japanese producer managing to sell 311,247 units here, its highest volume since 1991. This is also due to Mazda2’s success, 12,591 units being sold in just four months.

Updated Mazda Axela debuts in Japan

The new Mazda Axela (or the Mazda 3 as we know it) was launched for the Japanese market. Most notable updates include chrome door handles, new roof spoiler and new alloy-wheel options. Also, Mazda worked on the interior, which has a higher quality and features piano black parts on the center panel and the power window switches, chrome parts for some levers and buttons and, by using sound absorbent materials Mazda managed to reduce the cabin noise.

Detroit Auto Show: Mazda Furai Concept

The Mazda Furai Concept was unveiled today at the Detroit Auto Show. We’ve already written about this car, you can check our previous post here. Created as a celebration of Mazda’s rotary engine 40 years anniversary, Furai is Japanese for “the sound of wind” and is seen as the future on environmentally-friendly sports cars. The car is built to operate on 100% ethanol, however, Mazda and its partner, BP, are currently researching other fuel alternatives, such as ethanol/gasoline blends like E10.

Powered by the 450 hp RENESIS-based R20B three-rotor rotary engine, the Mazda Furai is based on a Courage C65 chassis and, featuring racing technologies, is able to reach over 180 mph top speed.

“The Mazda design and R&D teams worked closely with Swift Engineering to refine the aerodynamic characteristics, assuring that Furai remains glued to the ground at high speeds. Through its existing relationship with Swift Engineering, forged through development of the Mazda/Cosworth-powered Champ Car Atlantic single-seater chassis, the team used complex Computational Fluid Dynamics (CFD) software to tune various Nagare design elements to function at a high degree of efficiency. Drag, downforce, lift and overall aesthetics were all key considerations.”

Suzuki GSXR

GSXR 600 SPECIFICATIONS (tentative) Engine Type: 4-stroke, liquid-cooled, DOHC, 4-cylinder Displacement: 599cc Power: 121-123bhp Carburetion: Fuel injection 40mm Transmission: 6-speed Frame type: Twin-spar (aluminum alloy) Suspension - Front: Inverted telescopic, fully adjustable Suspension- Rear: Monoshock, fully djustable Brakes - Front: 310mm dual disk, Radial mount, 4-piston calipers, Brakes - Rear: 220mm disk, 1-piston caliper Tyre - Front: 120/70 ZR17 Tyre - Rear: 180/55 ZR17 Dry weight: bellow 160kg Wheelbase: 1,400 mm (55.1 in) Rake/trail: 23.8 degrees / 97 mm (3.8 in) Seat height: 810 mm (31.9 in) GSXR 750 SPECIFICATIONS (tentative) Engine Type: 4-stroke, liquid-cooled, DOHC, 4-cylinder Displacement: 749cc Power: 148-152bhp Carburetion: Fuel injection 46 mm Transmission: 6-speed Frame type: Twin-spar (aluminum alloy) Suspension - Front: Inverted telescopic, fully adjustable Suspension- Rear: Monoshock, fully djustable Brakes - Front: 310mm dual disk, Radial mount, 4-piston calipers, Brakes - Rear: 220mm disk, 1-piston caliper Tyre - Front: 120/70 ZR17 Tyre - Rear: 180/55 ZR17 Dry weight: bellow 161kg Wheelbase: 1,400 mm (55.1 in) Seat height: 810 mm (31.9 in)

GSXR 600
SPECIFICATIONS (tentative)
Engine Type: 4-stroke, liquid-cooled, DOHC, 4-cylinder
Displacement: 599cc
Power: 121-123bhp
Carburetion: Fuel injection 40mm
Transmission: 6-speed
Frame type: Twin-spar (aluminum alloy)

Suspension - Front: Inverted telescopic, fully adjustable
Suspension- Rear: Monoshock, fully djustable
Brakes - Front: 310mm dual disk, Radial mount, 4-piston calipers,
Brakes - Rear: 220mm disk, 1-piston caliper
Tyre - Front: 120/70 ZR17
Tyre - Rear: 180/55 ZR17

Dry weight: bellow 160kg
Wheelbase: 1,400 mm (55.1 in)
Rake/trail: 23.8 degrees / 97 mm (3.8 in)
Seat height: 810 mm (31.9 in)

GSXR 750
SPECIFICATIONS (tentative)
Engine Type: 4-stroke, liquid-cooled, DOHC, 4-cylinder
Displacement: 749cc
Power: 148-152bhp
Carburetion: Fuel injection 46 mm
Transmission: 6-speed
Frame type: Twin-spar (aluminum alloy)

Suspension - Front: Inverted telescopic, fully adjustable
Suspension- Rear: Monoshock, fully djustable
Brakes - Front: 310mm dual disk, Radial mount, 4-piston calipers,
Brakes - Rear: 220mm disk, 1-piston caliper
Tyre - Front: 120/70 ZR17
Tyre - Rear: 180/55 ZR17

Dry weight: bellow 161kg
Wheelbase: 1,400 mm (55.1 in)
Seat height: 810 mm (31.9 in)

Partnership With ForexGen

[Partnership With ForexGen]

ForexGen offers three types of business partnerships:

*Introducing Broker
*White label
*Money Manager

ForexGen Introducing Brokers, White Label and Money Manager holders are recognized as a strategic business partners. The main focus of our service is to satisfy our partner's needs in order to deal with a qualified service and gain a huge income sharing plan.

[ForexGen] provide appropriate services satisfying the needs of all business partner's specified situation and requirements.

Free Forex Trading System - A Simple One That's Proven and Made Millions

Enclosed you will find a free Forex trading system with one rule which is simple and has made savvy traders huge gains for over 25 years. Let's take a look at how you can use it for bigger Forex gains...

Of course you can buy a forex trading system but most sold are junk and only have simulated back tested results - this one on the other hand has made gains for over 25 years and will continue to do so.

The system was devised by one of the trading greats - Richard Donchian who is considered the grandfather of modern trend following and his insight on channels and the 4 Week Rule (the trading system below) are two methods all traders should know about.

Let's take a look at how it works and it's based on one simple rule, here it is.

Buy a new 4 week high and hold the position, until a 4 week low is hit then liquidate the long position and go short. Keep doing the following - buy new 4 week highs and sell new 4 week lows thereafter and always keep a position in the market.

You can't get a much simpler system than the above and you don't even have to think about what to do, the rule is clear and objective, you can simply follow it and it works; here's why.

Forex markets tend to trend for long periods and these trends can be for many weeks or months. These trends tend to start and continue from new market highs or lows, so this system will put you in on every major trend and help you get a good chunk of the profits.

Don't worry about its simplicity - forex markets are best suited to simple, robust systems. The trader who complicates his trading strategy normally will see it fail, as it has too many elements to break.

While the system is simple and works, most traders can't follow it.

It takes tremendous discipline to follow long term trends and they prefer to use shorter term systems which make them feel better or safer - but of course don't work. They also follow for the myths perpetrated by vendors, that you don't get drawdowns in Forex - but you do, even the best systems have them. You have to trade through them, learn to take short term losses and look at the big picture which is longer term gains.

This system will never go out of date and is simple to understand, it also doesn't take long to operate about 15 - 30 minutes a day and the rule tells you exactly what to do.

If you are looking for a long term Forex trading system that's proven, rather than a simulated one which has never been traded and won't work, then check out the free Forex trading system which is the 4 Week Rule and you maybe glad you did.

[ForexGen Introducing Brokers]

Introducing Brokers may be individuals or institutions who gain their income from the commissions and/or rebates by introducing customers to ForexGen trading.

WHAT are the advantages of being an INTRODUCING BROKERS with ForexGen?

* Providing the most huge income sharing plan
* Providing several ways for our IB's to charge commission.
* ForexGen IB can also charge commission for each lot the traders execute.
* Moreover, ForexGen IB is able to increase the spread for all or certain clients and have ForexGen Investments rebate the difference.

In case the IB does not increase the spread or charge their clients a commission, ForexGen rebate the IB a minor predefined amount for every client's executed lot.
Commission is paid out every month.

Individualized Service

[ForexGen] offers our IB's individualized service created according to the individual needs and specified business situation for each IB.
Our Introducing Broker program provides a highly organized program for individualized services and organizations in order to introduce their clients to the online foreign currency exchange market, moreover they will enjoy the benefits of being a part of the ForexGen family.

ForexGen offers 1 pip spread on 10 pairs with high trading techniques that make [ForexGen]
incomparable to any other rival.

Win at Forex Trading

Win at Forex Trading

The Major Problem You Must Confront To Enjoy Success

There is one problem that most forex traders fail to come to terms with and lose and its operating in an unstructured environment – this is the major underlying reason traders lose, so lets it explain it and its significance in more detail.
In normal society we confirm to rules and laws they govern our lives and those of our fellow citizens, were used to them and we conform to them.
When a forex trader trades, he has to operate in an unstructured environment and create his own rules to live and survive by.

This sounds easy enough to achieve, however nothing could be further from the truth – it’s very hard and most traders simply can’t achieve it.
Let’s take a closer look at the problems associated with operating in an unstructured environment.
1. Taking Responsibility For Your Actions.
This means taking charge of your destiny and most people simply cannot accept this responsibility.
They want the comfort of having someone to hold their hand and blame if thinks go wrong.
Problem is if you don’t accept responsibility, you won’t win - no one else will make you rich in Forex trading, you’re all on your own.

2. You Have To Create a Set of Rules to Survive
The market which you confront is all powerful, it moves as and when it wants – it’s always right and you can only be wrong .
Again, this causes major psychological problems for traders – we all hate being wrong, but in this instance you have to accept the market is right ALL the time, if you don’t you will run loses and the market will destroy you.
Most traders get frustrated and break their rules, or create a new set as they lose and end up chasing their tail. If you create rules you must have the discipline to apply them and most traders simply lack the mindset to do this.

3. The Work Ethic Does Not Apply
Most people try and overcome losses with a higher work rate.
After all the more you put in the more you get out. They assume if they acquire more knowledge or trade more often, their profitability will increase but the markets won’t reward effort.
You get your reward for being RIGHT and that’s it in forex trading, not the effort you put in.

4. Forex Traders Need To Be Anti Social!
We don’t mean you have to be rude to anyone - but you need to keep yourself to yourself and stay away from the pack and its opinions when trading forex.
Remember 95% of forex traders lose!
We find this uncomfortable.

After all, were pack animals and since stone age times we have sought comfort and belonging with others of our species. When we go against the majority opinion, we feel uncomfortable, as were simply not used to it.

Operating in the forex markets is far harder than many people think and most traders are simply unprepared for the mental problems that it confronts them with.
You will hear often that it is mindset more than method that contributes to success in the markets and its true.
If you have ever wondered why traders find it so hard to trade with discipline, this article may have helped you see why and given you an insight into what you need to do to achieve currency trading success.

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Making Money With Forex Trading

Making Money With Forex Trading

The foreign exchange market is quickly becoming one of the most popular ways for investors to make some extra money. Also known as the Forex or FX market, it is basically the place where different kinds of currency is traded. Since different currencies hold different values, investors who trade wisely can stand to make rather substantial profits.

In Forex trading, one person trades a quantity of one currency for certain quantities of another. The Forex market is especially attractive to people because it is an ongoing, continuous phenomenon; trading can occur at absolutely any time - 24 hours a day, five days per week. While it helps to have a firm grasp on the essential makeup of the foreign exchange market when trading in it, traders by no means have to be total experts. With a little bit of research and practice, just about anyone can be successful trading in this market.

Everything about the Forex market basically revolves around the Forex rate between two currencies. By studying the Forex rate and keeping a close eye on it, people can take advantage of a falling or rising rate between two currencies. People who participate in this market can choose to invest their money however they want; some choose to focus only on the dynamic between a couple pairs of currencies, while others spread their shares around among many different currencies.

Unlike a traditional market like the stock exchange, there is not a physical, tangible market in the true sense of the word when it comes to Forex. Investors cannot meet at one centralized location to perform their transactions like they would at the New York Stock Exchange. All trading and transactions take place over electronic trading networks and the telephone.

Trading on the foreign exchange market is primarily run by what is known as an interbank market. This is where large corporations, banks, insurance companies and other financial institutions handle and take care of the risks inherent to fluctuations in currencies. How these major institutions trade certain currencies is what basically determines the Forex rate between them - the basis of all foreign exchange market trading.

One of the biggest perks to Forex trading is its high liquidity; large amounts of money can be moved and traded with a minimal price movement. This means that in Forex trading, what you see is pretty much what you get. There are not a lot of hidden fees or other mysterious sums to take into account when trading foreign currencies. This trait of the Forex market is one reason so many people find it easier to deal with than traditional stock exchange markets, and why so many people become so successful at it.

Another reason that Forex trading looks so attractive to investors is its low transaction cost. The cost for most Forex transactions - the spread, or the difference between its buying and selling cost - is built into their price. This increases the transparency of these transactions, adding to their simplicity and the ability for so many people to make real money by engaging in this trading market. Forex truly is much more accessible to larger numbers of people than many other financial markets, and its low transaction cost is a huge reason.

Investors in the Forex market are also quite fond of it due to its good leverage. Forex brokers allow investors to use leverage, or to trade more money than is actually in their account. In this way, Forex can really propel an investor into huge profits, and its also what makes Forex trading so entertaining as well. Using leverage, investors can move much larger sums of money than they otherwise could.

The potential for taking advantage of rising or falling prices is huge in Forex trading. Investors who feel that a particular currency is going to skyrocket can go long and buy a lot of it. By the same token, if an investor feels that a particular currency is going to plummet, they can go short or sell it off. Rules that apply to traditional stock exchanges do not apply to foreign exchange trading, and in many ways that is what makes it so popular.