The best way for newcomers to get a handle on what currency trading is all about is to open a practice account.
Almost every forex broker offers a free practice account to prospective clients; all you need to do is sign up for one on the broker’s Web site. Practice accounts are funded with “virtual” money, so you’re able to make trades with no real money at stake and gain experience in how margin trading works. Practice accounts give you a great chance to experience the forex market.
You can see how prices change at different times of the day, how various currency pairs may differ from each other, and how the forex market reacts to new information when major news and economic data is released. You also can start trading in real market conditions without any fear of losing money, experiment with different trading strategies to see how they work, gain experience using different orders and managing open positions, improve your understanding of how margin trading and leverage work, and start analyzing charts and following technical indicators. Practice accounts are a great way to experience the forex market up close and personal. They’re also an excellent way to test-drive all the features and functionality of a broker’s platform. However, the one thing you can’t simulate is the emotion of trading with real money. To get the most out of your practice-account experience, treat your practice account as if it were real money.
[ForexGen Live Accounts Contest]
Trade, Compete, and Win - Begins the 1st of Every Month! 
ForexGen has the pleasure to announce the launching of its first monthly Live Accounts contest,
This is NOT a demo contest
this is a live trading [competition] open for all live mini account holders. At the beginning of each month, the slate is wiped clean and traders have a new opportunity to win the monthly prizes.
What makes this contest unique?
All prizes are CASH prizes with no restrictions on withdrawing the prize money! How Do I Enter?
You don't have to pay any fee to enter this contest, all [ForexGen] mini Accounts with a balance of "$1000" and a default leverage of 1:200 are entitled to participate in this contest upon their account holder request by sending an e-mail request on live.contest@forexgen.com
For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com
Wednesday, December 31, 2008
Getting Started with Your Practice Account
Pulling the Trigger
It’s trigger-pulling time, pardner.
This section assumes you’ve signed up for a practice account at an online forex broker and you’re ready to start executing some practice trades. You make trades in the forex market one of two ways: You can trade at the market, or the current price, using the click anddeal feature of your broker’s platform; or you can employ orders, such as limit orders and one cancels-the-other orders (OCOs).
[Why ForexGen]
1. Lowest spreads in the market with 0-1 pip spread in 10 pairs, no commissions, no swaps and instant account Activation.
2. Scandinavian quality with Swiss precision, funds secured and local agents in 18+ countries.
3. ForexGen offers Forex trading in the major currency pairs and crosses.
4. Low capital start, with $250 as a minimum account size.
5. Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
6. [ForexGen] offers a free trial Forex [demo account] that allows you to test your skills and practice without risking real money.
Carry trade strategies
A carry trade happens when you buy a high-yielding currency and sell a relatively lower-yielding currency. The strategy profits in two ways:
_ By being long the higher-yielding currency and short the lower-yielding currency, you can earn the interestrate differential between the two currencies, known as the carry. If you have the opposite position — long the low-yielder and short the high-yielder — the interest-rate differential is against you, and it is known as the cost of carry.
_ Spot prices appreciate in the direction of the interestrate differential. Currency pairs with significant interestrate differentials tend to move in favor of the higheryielding currency as traders who are long the high yielder are rewarded, increasing buying interest, and traders who are short the high yielder are penalized, reducing selling interest. So let me get this straight, you may be thinking: All I have to do is buy the higher-yielding currency/sell the lower-yielding currency, sit back, earn the carry, and watch the spot price move higher? What’s the catch? The catch is that downside spot price volatility can quickly swamp any gains from the carry trade’s interest-rate differential. The risk can be compounded by excessive market positioning in favor of the carry trade, meaning a carry trade has become so popular that everyone gets in on it.
Figure 3-1 illustrates the trending price gains of a carry trade, punctuated by sudden price setbacks. Carry trades usually work best in low-volatility environments, meaning when financial markets are relatively stable and investors are forced to chase yield. Keep in mind that carry trades need to have a significant interest-rate differential between the two currencies (typically more than 2 percent) to make them attractive. And carry trades are definitely a longterm strategy, because depending on when you get in, you may get caught in a downdraft that could take several days or weeks to unwind before the trade becomes profitable again.
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Advantages of No Dealing Desk Option
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For more information about our current and future promotions, kindly visit this page often or contact one of our customers support agents at promotions@forexgen.com
Long-term macroeconomic trading
Long-term trading in currencies is generally reserved for hedge funds and other institutional types with deep pockets.
Long-term trading in currencies can involve holding positions for weeks, months, and potentially years at a time. Holding positions for that long necessarily involves being exposed to significant short-term volatility that can quickly overwhelm margin trading accounts.
With proper risk management, individual margin traders can seek to capture longer-term trends. The key is to hold a small enough position relative to your margin balance that you can withstand volatility of as much as 5 percent or more.
[ForexGen Academy]
If you are an experienced ‘FOREX’ Trader or just a beginner looking for the opportunities offered in the ‘FOREX’ market, [Forexgen] has created ForexGen Academy to give you the chance to get a ‘FOREX’ education and improve your trading skills. No hard expressions, no buzz words, and no rocket science language are used throughout these lessons.
How to Get Started?
People are introduced to the exciting world of foreign exchange in many ways: friends, current events, newspapers, television, and many others. For those of you who are new to forex, the following guidelines cover the basics of currency trading.
also do you Know ForexGen Lowest spreads in the market with 0-1 pip spread in 10 pairs, no commissions, no swaps and instant account Activation.
When is a trend not a trend?
When it’s a range. A trading range or a range-bound market is a market that remains confined within a relatively narrow range of prices.
In currency pairs, a short-term (over the next few hours) trading range may be 20 to 50 pips wide, while a longer-term (over the next few days to weeks) range can be 200 to 400 pips wide. For all the hype that trends get in various market literature, the reality is that most markets trend no more than a third of the time. The rest of the time they’re bouncing around in ranges, consolidating, and trading sideways. Although medium-term traders are normally looking to capture larger relative price movements — say, 50 to 100 pips or more — they’re also quick to take smaller profits on the basis of short-term price behavior. For instance, if a break of a technical resistance level suggests a targeted price move of 80 pips higher to the next resistance level, the medium-term trader is going to be more than happy capturing 70 percent to 80 percent of the expected price move.
They’re not going to hold on to the position looking for the exact price target to be hit.
[Claim Your Bonus In ForexGen]
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Free cash bonus when you open your new live account withen the next 30 days. You will recieve a FREE cash bonus which will be added to your trading account. The cash bonus depends on the account type you open.
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To be able to withdraw your free cash bonus, you need at least to open 20 trading lots in period not exceeds 3 months.For more information about our current and future promotions, contact one of our [customers support] agents at promotions@forexgen.com
Tuesday, December 30, 2008
How to Set the Right Forex Trading Strategy
Forex trading is a business venture. As a specific online business, you need to have set strategy for your trades. If you are new at the Forex market, your Forex trading broker could teach you how to develop a basic forex strategy. But as your skills advance and the money at stake becomes greater, you will certainly need to develop your own currency trading strategy to maximize your profit and minimize losses.
You can adopt a short term hit and run Forex trading strategy adopted by some Forex traders. Sometimes, this type of strategy is called scalping. It involves opening and closing trades within a very short span lasting for only several minutes. Essentially, you have to open a favorable position then after taking a short run profit you need to close your trade immediately. This kind of Forex trading strategy could bring small but numerous profits. You need to have lots of capital also to get considerable profit.
Another Forex trading strategy you can adopt is long term trading technique. You need to get lots of data from your Forex trading broker to implement this strategy. Long term trading involves holding a set position for several months. Some high roller Forex traders hold their positions for over a year. You will depend on fundamental analysis because you have to predict the long term movements of currencies. You also need to have lots of capital to cover the volatility of the market and avoid busting out.
The safest Forex trading strategy you can adopt is the medium risk – medium term trading system. Essentially, you will rely on your set trading positions for a day or couple of days. You can get technical data from your Forex trading broker to predict short term currency movements. This Forex trading strategy will not involve lots of capital and you can trade on the margins with large leverage. Be very sure though to seek advice from your Forex trading broker if this technique is suitable for your capital.
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.
Why Technical Analysis Works
This article is all about the basics of forex charts and using technical analysis to win. It's the simplest most time efficient way to achieve currency trading
success and anyone can do it with the right forex education...
Forex charts allow you to see all the inputs that go to make up the price and while you get people who say you cant trade without taking into account the fundamentals, that to a degree is true - but forex technical analysis does take the fundamentals into account and the following equation will make this clearer:
Fundamentals (supply and demand) + Investor View Of = Price
The fundamentals are not important by themselves - it's how all the traders view them that makes the price. We all have the same facts to look at but we all draw different conclusions from what we see and this vast mass of opinion makes the market price.
Technical analysis simply assumes that all fundamentals will quickly show up in price action and it also does something more - it tells you how the investors perceive them.
Markets move on investor sentiment and that's why studying charts is so effective.
Human nature is constant and this is reflected in the charts.
[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
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How to Find a Winning Forex Scalping System
scalping is a short term method of day trading and forex scalpers are looking to take small profits regularly by timing moves on hourly charts. The idea is to only take small profits but get lots of them, to build profits over time and earn a big consistent income. There are lots of forex scalping systems for sale but how do you pick a winner?
The first thing you need to do, is look at the track record of the scalping system presented to you and check for a disclaimer. If you see the one below ( or one with a similar wording), you need to forget the system and look at others. Here it is read it carefully:
"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".
Basically, the above means the forex scalping system has not been traded and the vendor has simulated the track record in hindsight. A disclaimer like this, tells you nothing about the profitability of the system, as of course if we all knew tomorrow's price today, we would ALL be rich!
Making money in hindsight is easy, but we don't have that advantage in the real world.
Now you may be thinking well that's obvious enough - I Will just find a real time track record of forex scalping profits.
Get ready for a long search then! Why?
Well I have been searching for 25 years and not found a real time track record and the reason is:
Forex scalping doesn't work over the long term, because the logic it is based upon is fundamentally flawed.
The logic is, you can predict where prices will go in just a few hours - but of course you can't do this.
Volatility in short time frames is simply random.
[ForexGen Live Account]
The live/real account is provided to those clients who may have some experience in the online trading.
[Opening an Account Online]
The quickest, easiest and secure way to open a ForexGen trading account is online.
Complete and submit your application online in just a few minutes.
ForexGen.com is an online trading service provider supplying a unique and individualized service to Forex traders worldwide. We are dedicated to absolutely provide the best online trading services in the Forex market.
ForexGen provides a unique online trading experience based on our intelligent online Forex trading package, the ForexGen Trading Station, including the best online trading system.
Forex Scalping Methods for Big Consistent Profits
Here we are going to look at forex Scalping methods and how they aim to achieve big consistent profits from day trading regularly and looking to accumulate small profits each day to build huge profits overtime. Let’s look at forex scalping in more detail.
Forex scalping is more popular than ever and there are numerous forex trading systems
and e-books, which claim it works but none of them work, (we will return to this in a minute) as the logic behind forex scalping is totally incorrect.
Why Forex Scalping Can NEVER work longer term
The reason it doesn’t work and never can is simple to understand if you think about it – you need valid data!
Consider this:
Each day trillions of dollars are traded by millions of forex traders and the total of all these opinions come together and give us the price.
The thought that you can tell what all these millions of people will do, in just a few hours is laughable.
You can’t!
Volatility can and does take prices anywhere in short time periods and support and resistance levels are meaningless. If you have no valid data, you will lose and that’s EXACTLY what happens to people who try forex scalping or day trading.
You may be saying:
I have seen the proof it works and seen track records presented by forex scalpers and yes you have – but their NOT real!
See the standard CFTC disclaimer below and you will see why these track records cannot be trusted:
“Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those show”.
As ForexGen believes that its success depends totally on its client's satisfaction and success, ForexGen is sharing its growth and new site release with wonderful promotion packages.*[Claim Your Bonus]
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Tell Me About Forex Scalping
Trading on the Foreign Exchange market, or forex, has become increasingly popular due in no small part to its sheer size and volume of trading. There was a time when only the large investment banks and other "institutional" vehicles of finance could play in the currencies market but now it is possible for just about anyone to invest in the Forex. Just as with equities or commodities traders, investors in the Forex need some type of strategy when deciding on currency pairs and when to enter and exit a position.
Scalping is one of many Forex investment strategies and at its simplest involves anticipating short-term movements in the exchange rates. Forex scalpers are like the polar opposites of those who use the buy-and-hold approach because they are only looking to enter and exit a position quickly-make their profit and run. Scalpers may only hold a position for a few hours-and in the extreme cases-or mere minutes. These "hit and run" investors look for market indicators specifically known to affect rates on the Forex.
National and international news events have been shown to affect currency exchange rates. In truth, the forex trads 24 hours a day with investors all having access to real time pricing changes. Thus, a Forex scalper may only have a few minutes to enter and exit a position before the market corrects itself and factors the news into the pricing. Scalpers use key indicators to help them anticipate the price fluctuation, such as:
• GDP - Gross Domestic Product
• Unemployment
• Inflation
• Trade balance
• Interest rate announcements
• Consumer/business confidence surveys
• Retail Sales
Government statistics tend to be more valuable to Forex scalpers for a couple of reasons. First, the U.S. dollar backs nearly 90% of all transactions on the Forex so any economic data released about this key nation will likely have some affect upon the exchange rates-at least temporarily.
Secondly, U.S. government statistics are considered to be some of the most reliable and accurate data that investors can get their hands on. Plus, the real benefit to scalpers is that government data are supposed to be well-guarded secrets meaning that all investors-big or small-are made aware of the same information at the same time. Because small retail Forex traders are able to raise and move capital faster than larger institutional investors, they should have the advantage when it comes to taking advantage of short-term movements in exchange rates caused by the release of new information.
However, it is important to understand that a Forex scalper only profits if they can actually anticipate how the market will react to the information. For instance, if an investor had a position in the USD/EUR currency pair, they might be tempted to believe that the dollar should rise relative to the Euro if the U.S. had a higher rate of GDP growth in the 4th quarter. However, the dollar might actually fall based on this information if the U.S. economy grew at a slower rate than predicted-even if this rate was still higher than the Euro growth (and if the Euro zone grew faster than predicted). Plus, even if the investor does realize which way the market should move based on the information, they still need to enter and exit the position before the information can be assimilated into the pricing.
[ForexGen Customer & Trading Support]
ForexGen Customer Service seeks to achieve the highest level of customer satisfaction.
[ForexGen online trading services] are available 24 hours a day from Sunday at 6:00pm EST to Friday at 2:00pm EST to support and offer the help needed by all ForexGen's clients through answering any questions they may have.
ForexGen provides full time assistances to support clients during the usage of [ForexGen platform], whenever our clients face any problems during downloading or installing the platform ForexGen experienced stuff will help to overcome it.
ForexGen provides clients with full scale demonstrations and help for the technical issues.
Dealing Rooms.
ForexGen dealing desk representatives are available during trading hours - 24/5 from Sunday 6:00pm EST to Friday at 2:00pm EST.
You are encouraged to contact the dealing room by phone ONLY in these situations:
* If you are not able to access the internet.
* Failing to receive a confirmation on an online order.
* Failing to connect to ForexGen server.
Monday, December 29, 2008
Stochastics Are Most Useful
Stochastics are most useful in measuring the strength of a trend and as augurs of a coming reversal in prices.
When prices are making new highs or lows and your stochastics are doing the same, you can be reasonably certain that the trend will continue. On the other hand, many traders finds that the best trading opportunity comes when their stochastic indicator is flattening out or moving in the opposite direction of prices. When these divergences occur, it's time to book profits and/or to establish a position in the opposite direction of the prior trend.
[Why ForexGen]
1. Lowest spreads in the market with 0-1 pip spread in 10 pairs, no commissions, no swaps and instant account Activation.
2. Scandinavian quality with Swiss precision, funds secured and local agents in 18+ countries.
3. ForexGen offers Forex trading in the major currency pairs and crosses.
4. Low capital start, with $250 as a minimum account size.
5. Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
6. [ForexGen] offers a free trial Forex [demo account] that allows you to test your skills and practice without risking real money.
Sunday, December 28, 2008
How to Read And Interpret A Weekly Economic Calendar: International Trade
Measures the difference between imports and exports of both tangible goods and services. The level of the international trade balance, as well as changes in exports and imports, indicate trends in foreign trade. Changes in the level of imports and exports, along with the difference between the two (the trade balance) are a valuable gauge of economic trends here and abroad. Furthermore, the data can directly impact all the financial markets, but especially the foreign exchange value of the dollar. Imports indicate demand for foreign goods and services here and
the US exports show the demand for US goods in overseas countries. The dollar can be particularly sensitive to changes in the chronic trade deficit run by the United States, since this trade imbalance creates greater demand for foreign currencies. This report gives a breakdown of US trade with major countries as well, so it can be instructive for investors who are interested in diversifying globally.
For example, a trend of accelerating exports to a particular country might signal economic strength and investment opportunities in that country.
[ForexGen Live Accounts Contest]
Trade, Compete, and Win - Begins the 1st of Every Month! ForexGen has the pleasure to announce the launching of its first monthly Live Accounts contest,
This is NOT a demo contest
this is a live trading [competition] open for all live mini account holders. At the beginning of each month, the slate is wiped clean and traders have a new opportunity to win the monthly prizes.
What makes this contest unique?
All prizes are CASH prizes with no restrictions on withdrawing the prize money! How Do I Enter?
You don't have to pay any fee to enter this contest, all [ForexGen] mini Accounts with a balance of "$1000" and a default leverage of 1:200 are entitled to participate in this contest upon their account holder request by sending an e-mail request on live.contest@forexgen.com
For more information about our current and future promotions, kindly contact one of our customers support agents at promotions@forexgen.com
Thursday, December 25, 2008
Some Data About The Origin And Development Of The Currency Exchange Market
Currency trading has a long history and can be traced back to the ancient Middle East and Middle Ages when foreign exchange started to take shape after the international merchant bankers devised bills of exchange,
which were transferable third-party payments that allowed flexibility and growth in foreign exchange dealings.
The modern foreign exchange market characterized by periods of high volatility (that is a frequencyand an amplitude of a price alteration) and relative stability formed itself in the twentieth century.
By the mid-1930s the British capital London became to be the leading center for foreign exchange and the British pound served as the currency to trade and to keep as a reserve currency. Because in the old times foreign
exchange was traded on the telex machines, or cable, the pound has generally the nickname “cable”.
After the World War II, where the British economy was destroyed and the United States was the only country unscarred by war, U.S. dollar, in accordance with the Breton Woods Accord between the USA, Great Britain and France (1944) became the reserve currency for all the capitalist countries and all currencies were pegged to the
American dollar (through the constitution of currencies ranges maintained by central banks of
relevant countries by means of the interventions or currency purchases).
In turn, the U.S. dollar was pegged to gold at $35 per ounce.
Thus, the U.S. dollar became the world's reserve currency
. In accordance with the same
agreement was organized the International Monetary Fund (IMF) rendering now a significant
financial support to the developing and former socialist countries effecting economical transformation.
To execute these goals the IMF uses such instruments as Reserve trenches, which allows a member to draw on its own reserve asset quota at the time of payment, Credit trenches drawings and stand-by arrangements
[ForexGen Academy]If you are an experienced ‘FOREX’ Trader or just a beginner looking for the opportunities offered in the ‘FOREX’ market, [Forexgen] has created ForexGen Academy to give you the chance to get a ‘FOREX’ education and improve your trading skills. No hard expressions, no buzz words, and no rocket science language are used throughout these lessons.
How to Get Started?
People are introduced to the exciting world of foreign exchange in many ways: friends, current events, newspapers, television, and many others. For those of you who are new to forex, the following guidelines cover the basics of currency trading.
also do you Know ForexGen Lowest spreads in the market with 0-1 pip spread in 10 pairs, no commissions, no swaps and instant account Activation.
Wednesday, December 24, 2008
Low Spread Forex Trading
The are some forex brokers who offer a low spread on forex trading. Be sure to check out FX Club's Zero Spread deal. Imagine you can trade with Zero Spread?
Click here to check it out
Most forex brokers offer a 3 pip spread on the EUR/USD currency pair. EToro offers 2 pip spread on the EUR/USD currency pair. (Click here to visit eToro).
Oanda offers a 1.5 pip spread on the EUR/USD currency pair. Click here to go to Oanda. Oanda now also has a sliding scale on the EUR/USD forex currency pairs. At certain times you can trade as low as 0.9 pip spread on the EUR/USD.
Also try Easy Forex , Market IVA and MoneyForex
Note that the spread on currency pairs will differ. The most frequently traded currency pairs will have the lowest spread.
[Claim Your Bonus In ForexGen]
Special Promotion for New Clients
Free cash bonus when you open your new live account withen the next 30 days. You will recieve a FREE cash bonus which will be added to your trading account. The cash bonus depends on the account type you open.
Account Type
Mini Account
Free Cash Bonus
10% of your deposit maximum $250
Account Type
Standard Account
Free Cash Bonus
10% of your deposit maximum $500
To be able to withdraw your free cash bonus, you need at least to open 20 trading lots in period not exceeds 3 months.For more information about our current and future promotions, contact one of our [customers support] agents at promotions@forexgen.com
Tuesday, December 23, 2008
New York Governor Proposes More Fishing Fees
New York Gov. Paterson's budget calls for marine license, trout and salmon stamp
ALBANY, N.Y. (AP) -- Fishing off New York's coast would no longer be free and casting your line for trout and salmon would cost more if lawmakers back Gov. David Paterson's plan for new conservation fees next year.
The administration's budget proposal contains a new marine fishing license for saltwater that would cost the same as the current freshwater license -- $19 a year for a state resident. A new mandatory trout and salmon stamp would cost $10.
New York sportsmen, already unhappy about the state closing its last pheasant breeding farm, want to be sure any new fees go to the Conservation Fund dedicated to restocking fish and protecting marine resources.
"I think that if we were assured that the $10 stamp, that money would go to a dedicated fund just for hatcheries, our members would take it in stride," said Harold Palmer, president of the New York State Conservation Council, which counts more than 300,000 members through clubs and county federations.
While they knew the federal government wanted coastal states to start registering all ocean fishermen -- a plan federal officials have delayed to 2010 -- Palmer said the New York saltwater fee proposal was a surprise. It would mean that fishing on the Hudson River below the Troy dam, a 150-mile saltwater estuary, would require a license, he said.
Holders of the state's lifetime sportsmen and fishing licenses apparently would be affected, Palmer said, though the proposed law hasn't been introduced yet and some details aren't available.
Conservation officers are already on the water around Long Island and New York City, checking on marine resources and fish market. Palmer said his organization plans to lobby lawmakers to consider a single license for both freshwater and saltwater fishing, or whether a freshwater license could be used on the Hudson north of the Tappan Zee Bridge.
Budget officials project adding $3 million from each new fee to strapped state accounts in fiscal 2009-2010, expecting $4 million from the trout stamp and $6 million from the marine fishing license the following fiscal year.
"To allow conservation activities to be supported by users, this budget creates a new marine fishing license and a trout and salmon stamp to support the Conservation Fund," according to Paterson's Executive Budget.Fees also would rise at campgrounds, cabins, golf courses and marinas operated by the state Office of Parks, Recreation and Historic Preservation.
No increases were proposed for state hunting licenses next year or at the Department of Environmental Conservation's camping areas in the Forest Preserve.
However, hunters were already upset that Paterson closed the last remaining state-operated farm where about 25,000 adult pheasants were raised annually for release in hunting areas around the state.
"The sportsmen were never involved in any talks about closing it down," Palmer said, though they pay about $40 million annually to the state for hunting, fishing and trapping licenses. "And there's no talks about any birds being released this coming year."
Paterson said the 9,000 breeding birds with clipped wings would be slaughtered and sent to food pantries, and closing the farm outside Ithaca would save the state $750,000 a year.
Raising pheasants was introduced in the 1920s, and there were once six farms, the program mainly supported with hunter license fees, Palmer said. About 60,000 other chicks were given to 4H programs and prisons to raise, he said.
[ForexGen Money Manager]
An individual who is responsible for the entire financial portfolio of another individual or another entity. A money manager receives payment in exchange for choosing and monitoring appropriate investments for the client.
Benefits of being a Money Manager with [ForexGen]:
* Providing three different commission sources.
* Weekly commission plan.
* Easy & fast commission withdrawals.
* Fixed percentage of the profits.
* P = k * D “P=Profit, k=Variable Parameter, D=Deposits”
The money manager gets a fixed percentage of the profit previously agreed upon with the client for managing the client funds as a bonus feature.
The most competitive trading conditions:
* 2 pips spread on six currency pairs.
* Providing online trading services without maintenance margin, margin call and no automatic closing of positions below the initial margin on weekdays for accounts with initial equity of up to $1 million US. The margin level have to be recognized Fridays at 23:00 CET and before public holidays.
* Leverages up to 1:200 for accounts up to $1 million US.
* Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
