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		<title><![CDATA[Trading Communities Forum - All Forums]]></title>
		<link>http://tradingcommunities.com/TCForum/</link>
		<description><![CDATA[Trading Communities Forum - http://tradingcommunities.com/TCForum]]></description>
		<pubDate>Sun, 20 May 2012 20:22:25 +0000</pubDate>
		<generator>MyBB</generator>
		<item>
			<title><![CDATA[Tweet adder 3.0 nulled]]></title>
			<link>http://tradingcommunities.com/TCForum/showthread.php?tid=18213</link>
			<pubDate>Tue, 10 Apr 2012 08:38:15 +0000</pubDate>
			<dc:creator>traviss893</dc:creator>
			<guid isPermaLink="false">http://tradingcommunities.com/TCForum/showthread.php?tid=18213</guid>
			<description><![CDATA[<img src="http://albamedia.net/wp-content/uploads/2011/12/tweetadder.jpg" border="0" alt="[Image: tweetadder.jpg&#93;" /><br />
<br />
In the event you do not have time to read this Tweet Adder review of version 3.0, be sure to check out the Full nulled VERSION. If you choose to buy, the best Tweet Adder coupon code as of April 2011 is HOTDEAL, to save 20%.  I look at these often to get you the best one.<br />
<br />
Tweet Adder brought out a brand new version of their software, version 3.0, which completely overhauled the software and made a lot of improvements. I'll be reviewing the latest version for you today. <br />
<br />
No use of API<br />
<br />
<br />
Version 3.0 does not use any API, which relates to the amount of actions you can perform per hour on each Twitter account. This is extremely helpful for types like me that handle plenty of tasks. I would sometimes get told to wait for an hour or so before performing more actions if I'd been really active on Twitter, now I never reach the API limit, which is one headache removed!<br />
<br />
Multiple client management in one<br />
<br />
You only will need one Twitter window to manage your accounts, as opposed to a single per account as it was before, a useful way to save time and personal computer resources You'll find most of the information you need on the main screen, a complete overview of all your Twitter accounts, with simple green lights for modules ON red for OFF.<br />
<br />
Automation<br />
<br />
This is such a powerful piece of kit, most of the time I only have to open the main window a couple of times per day to check it's doing what it was told. Even this is sometimes unneccessary!<br />
<br />
Another main change is a strong encouragement to leave the software on automation instead of use the manual options.<br />
<br />
My personal favorite Tweet Adder featureThe most useful feature for me (because it makes me a lot of money!) is the ability to follow people by tweet keyword. There are an unbelievable number of people that are tweeting each other asking 'where can I find X? 'who sells X at the best price?' etc...So whatever it is you're marketing online, it's worth running a search in Tweet Adder for the product name, I bet you'll find thousands of people just waiting to find your site and then buy from you!<br />
Tip, add '-http -https -com -www' when you search for people to follow by keyword to remove the competition from the results.  Then once you've followed them, you can send an automatic DM or send a more person @message to them about your product, and this can be incredibly effective if done well!Just leave it humming in the background <br />
<br />
<br />
If you leave this software on for about 12 hours every day, you'll have enough time to carry out all the automated following you could reasonably want. It uses low system resources.<br />
<br />
More new features<br />
<br />
<br />
They've added a really useful new feature to follow any Twitter list, so if you can discover people that list well in your niche, this could be a gold mine.<br />
<br />
You also can now auto-retweet folks that you select, which is a fantastic way to get ahead in your niche, and make your account constantly appear to be actively used, excellent for when you are away for a while and can't make tweets. I've not seen anything like this from a Twitter client before, it is really easy to use and it works.<br />
<br />
With the new version, you can also add RSS feeds to your tweets, one more task that doesn't require another Twitter app.<br />
<br />
Conclusion<br />
<br />
I've used Tweet Tank, Social Oompth, and Hummingbird prior to this, which is a lot better than all them, and I never went back after finding Tweet Adder.It's helped me develop Twitter as my second biggest income stream after Search Engine Marketing! If you're serious regarding making money on Twitter, right here is the Ferarri of Twitter Marketing.<br />
<br />
Freebies worth hundreds of dollars anyone?<br />
<br />
If you opt to buy via my link, I'm offering my entire assortment of favourite social marketing ebooks free!<br />
<br />
Twitter Traffic Magic<br />
<br />
Twitter Boom<br />
<br />
The Twitter Automation Report<br />
<br />
Facebook Social Ads<br />
<br />
Facebook Social Ads Exposed<br />
<br />
Web 2.0 Revealed<br />
<br />
Monetizing Secrets Of Going Web Social<br />
<br />
I'll add 20 beautiful looking totally free Twitter templates. You can make use of lots of the strategies in these e-books using Tweet Adder and I'm making a bundle of money through them. Just e-mail me with your Tweet Adder user name whenever you've paid and I'll mail them.<br />
<br />
<a href="http://tamburoom.blogspot.com/2012/04/igniteseo-v330-nulled.html" target="_blank">DOWNLOAD</a>]]></description>
			<content:encoded><![CDATA[<img src="http://albamedia.net/wp-content/uploads/2011/12/tweetadder.jpg" border="0" alt="[Image: tweetadder.jpg]" /><br />
<br />
In the event you do not have time to read this Tweet Adder review of version 3.0, be sure to check out the Full nulled VERSION. If you choose to buy, the best Tweet Adder coupon code as of April 2011 is HOTDEAL, to save 20%.  I look at these often to get you the best one.<br />
<br />
Tweet Adder brought out a brand new version of their software, version 3.0, which completely overhauled the software and made a lot of improvements. I'll be reviewing the latest version for you today. <br />
<br />
No use of API<br />
<br />
<br />
Version 3.0 does not use any API, which relates to the amount of actions you can perform per hour on each Twitter account. This is extremely helpful for types like me that handle plenty of tasks. I would sometimes get told to wait for an hour or so before performing more actions if I'd been really active on Twitter, now I never reach the API limit, which is one headache removed!<br />
<br />
Multiple client management in one<br />
<br />
You only will need one Twitter window to manage your accounts, as opposed to a single per account as it was before, a useful way to save time and personal computer resources You'll find most of the information you need on the main screen, a complete overview of all your Twitter accounts, with simple green lights for modules ON red for OFF.<br />
<br />
Automation<br />
<br />
This is such a powerful piece of kit, most of the time I only have to open the main window a couple of times per day to check it's doing what it was told. Even this is sometimes unneccessary!<br />
<br />
Another main change is a strong encouragement to leave the software on automation instead of use the manual options.<br />
<br />
My personal favorite Tweet Adder featureThe most useful feature for me (because it makes me a lot of money!) is the ability to follow people by tweet keyword. There are an unbelievable number of people that are tweeting each other asking 'where can I find X? 'who sells X at the best price?' etc...So whatever it is you're marketing online, it's worth running a search in Tweet Adder for the product name, I bet you'll find thousands of people just waiting to find your site and then buy from you!<br />
Tip, add '-http -https -com -www' when you search for people to follow by keyword to remove the competition from the results.  Then once you've followed them, you can send an automatic DM or send a more person @message to them about your product, and this can be incredibly effective if done well!Just leave it humming in the background <br />
<br />
<br />
If you leave this software on for about 12 hours every day, you'll have enough time to carry out all the automated following you could reasonably want. It uses low system resources.<br />
<br />
More new features<br />
<br />
<br />
They've added a really useful new feature to follow any Twitter list, so if you can discover people that list well in your niche, this could be a gold mine.<br />
<br />
You also can now auto-retweet folks that you select, which is a fantastic way to get ahead in your niche, and make your account constantly appear to be actively used, excellent for when you are away for a while and can't make tweets. I've not seen anything like this from a Twitter client before, it is really easy to use and it works.<br />
<br />
With the new version, you can also add RSS feeds to your tweets, one more task that doesn't require another Twitter app.<br />
<br />
Conclusion<br />
<br />
I've used Tweet Tank, Social Oompth, and Hummingbird prior to this, which is a lot better than all them, and I never went back after finding Tweet Adder.It's helped me develop Twitter as my second biggest income stream after Search Engine Marketing! If you're serious regarding making money on Twitter, right here is the Ferarri of Twitter Marketing.<br />
<br />
Freebies worth hundreds of dollars anyone?<br />
<br />
If you opt to buy via my link, I'm offering my entire assortment of favourite social marketing ebooks free!<br />
<br />
Twitter Traffic Magic<br />
<br />
Twitter Boom<br />
<br />
The Twitter Automation Report<br />
<br />
Facebook Social Ads<br />
<br />
Facebook Social Ads Exposed<br />
<br />
Web 2.0 Revealed<br />
<br />
Monetizing Secrets Of Going Web Social<br />
<br />
I'll add 20 beautiful looking totally free Twitter templates. You can make use of lots of the strategies in these e-books using Tweet Adder and I'm making a bundle of money through them. Just e-mail me with your Tweet Adder user name whenever you've paid and I'll mail them.<br />
<br />
<a href="http://tamburoom.blogspot.com/2012/04/igniteseo-v330-nulled.html" target="_blank">DOWNLOAD</a>]]></content:encoded>
		</item>
		<item>
			<title><![CDATA[5 Business, Start Up Tips For Success.]]></title>
			<link>http://tradingcommunities.com/TCForum/showthread.php?tid=18212</link>
			<pubDate>Thu, 08 Sep 2011 05:42:12 +0000</pubDate>
			<dc:creator>Edmiral</dc:creator>
			<guid isPermaLink="false">http://tradingcommunities.com/TCForum/showthread.php?tid=18212</guid>
			<description><![CDATA[Here are the best tips to start up a new business.<br />
<br />
1.Start your business while you're still employed<br />
2.Get clients or customers first<br />
3.Write a business plan<br />
4.Do the research<br />
5.Get professional help]]></description>
			<content:encoded><![CDATA[Here are the best tips to start up a new business.<br />
<br />
1.Start your business while you're still employed<br />
2.Get clients or customers first<br />
3.Write a business plan<br />
4.Do the research<br />
5.Get professional help]]></content:encoded>
		</item>
		<item>
			<title><![CDATA[Business Loan.]]></title>
			<link>http://tradingcommunities.com/TCForum/showthread.php?tid=18211</link>
			<pubDate>Thu, 08 Sep 2011 05:40:48 +0000</pubDate>
			<dc:creator>Edmiral</dc:creator>
			<guid isPermaLink="false">http://tradingcommunities.com/TCForum/showthread.php?tid=18211</guid>
			<description><![CDATA[I am hoping to start a small business, and is suffering the theft of some cash required so can i apply for the business loan through home ownership or what will be the guideline to get the business loan.<br />
<a href="http://digitalcameradayreview.com/" target="_blank">Camera reviews 2011</a>]]></description>
			<content:encoded><![CDATA[I am hoping to start a small business, and is suffering the theft of some cash required so can i apply for the business loan through home ownership or what will be the guideline to get the business loan.<br />
<a href="http://digitalcameradayreview.com/" target="_blank">Camera reviews 2011</a>]]></content:encoded>
		</item>
		<item>
			<title><![CDATA[Forex is too risky, so why you still doing trading.]]></title>
			<link>http://tradingcommunities.com/TCForum/showthread.php?tid=18210</link>
			<pubDate>Thu, 08 Sep 2011 05:39:10 +0000</pubDate>
			<dc:creator>Edmiral</dc:creator>
			<guid isPermaLink="false">http://tradingcommunities.com/TCForum/showthread.php?tid=18210</guid>
			<description><![CDATA[Everyone always says that forex is risky. Is it that risky? If it is why are we still out, here trading in this risky market. What you think about this.<br />
<a href="http://digitalcameradayreview.com/" target="_blank">Camera reviews 2011</a>]]></description>
			<content:encoded><![CDATA[Everyone always says that forex is risky. Is it that risky? If it is why are we still out, here trading in this risky market. What you think about this.<br />
<a href="http://digitalcameradayreview.com/" target="_blank">Camera reviews 2011</a>]]></content:encoded>
		</item>
		<item>
			<title><![CDATA[Forex Stands For.]]></title>
			<link>http://tradingcommunities.com/TCForum/showthread.php?tid=18209</link>
			<pubDate>Thu, 08 Sep 2011 05:37:59 +0000</pubDate>
			<dc:creator>Edmiral</dc:creator>
			<guid isPermaLink="false">http://tradingcommunities.com/TCForum/showthread.php?tid=18209</guid>
			<description><![CDATA[I have no information about the Forex. So give the detail information about the forex and also tell me, that is the forex is abbreviation or itself a word?]]></description>
			<content:encoded><![CDATA[I have no information about the Forex. So give the detail information about the forex and also tell me, that is the forex is abbreviation or itself a word?]]></content:encoded>
		</item>
		<item>
			<title><![CDATA[Hello.]]></title>
			<link>http://tradingcommunities.com/TCForum/showthread.php?tid=18208</link>
			<pubDate>Tue, 06 Sep 2011 05:12:27 +0000</pubDate>
			<dc:creator>Edmiral</dc:creator>
			<guid isPermaLink="false">http://tradingcommunities.com/TCForum/showthread.php?tid=18208</guid>
			<description><![CDATA[Myself Edmiral and I just joined this community. It's my pleasure to join with this community, and I hope I'll learn something new here. I am here to exchange some good post and information.<br />
<a href="http://digitalcameradayreview.com/" target="_blank">Camera reviews 2011</a>]]></description>
			<content:encoded><![CDATA[Myself Edmiral and I just joined this community. It's my pleasure to join with this community, and I hope I'll learn something new here. I am here to exchange some good post and information.<br />
<a href="http://digitalcameradayreview.com/" target="_blank">Camera reviews 2011</a>]]></content:encoded>
		</item>
		<item>
			<title><![CDATA[Exposre to China via China 50 Index]]></title>
			<link>http://tradingcommunities.com/TCForum/showthread.php?tid=58</link>
			<pubDate>Thu, 02 Dec 2010 04:53:53 +0000</pubDate>
			<dc:creator>Rob McDonald</dc:creator>
			<guid isPermaLink="false">http://tradingcommunities.com/TCForum/showthread.php?tid=58</guid>
			<description><![CDATA[Another step closer to being able to get decent exposure on the Chinese market.<br />
<br />
<a href="http://www.igmarkets.com.au/cfd/xinhua50.html" target="_blank">http://www.igmarkets.com.au/cfd/xinhua50.html</a>]]></description>
			<content:encoded><![CDATA[Another step closer to being able to get decent exposure on the Chinese market.<br />
<br />
<a href="http://www.igmarkets.com.au/cfd/xinhua50.html" target="_blank">http://www.igmarkets.com.au/cfd/xinhua50.html</a>]]></content:encoded>
		</item>
		<item>
			<title><![CDATA[Tapping Nature’s Power]]></title>
			<link>http://tradingcommunities.com/TCForum/showthread.php?tid=57</link>
			<pubDate>Tue, 23 Nov 2010 09:41:19 +0000</pubDate>
			<dc:creator>Jackie Straut</dc:creator>
			<guid isPermaLink="false">http://tradingcommunities.com/TCForum/showthread.php?tid=57</guid>
			<description><![CDATA[World today is affected by a number of issues that seem to present more drawbacks than solutions. One such issue is the depleting fossil fuel energy. Fossil fuels which were considered to be a dominant source of energy are gradually becoming extinct. To deal with inadequate supply of fossil fuel energy, the world is slowly moving towards the renewable sources of energy. Renewable energy acts as an ideal source of energy with its ability to replenish, without getting extinct. <br />
<br />
Another quality of the renewable energy is that it doesn’t lead to environmental hazards. The fossil fuel energy has been alleged to cause environmental degradation on a mass scale, leading to ecological problems like green house effect and global warming. <br />
<br />
The renewable energy is environment friendly and does not emit any dangerous gases on combustion. The renewable energy is produced by the conversion of one type of energy into the other. The chief sources of renewable energy are the sun, wind and the ocean water. To tap the energy present in these sources is the task undertaken by organizations like the <a href="http://www.worldcarbontrading.com/" target="_blank">world energy research</a>.]]></description>
			<content:encoded><![CDATA[World today is affected by a number of issues that seem to present more drawbacks than solutions. One such issue is the depleting fossil fuel energy. Fossil fuels which were considered to be a dominant source of energy are gradually becoming extinct. To deal with inadequate supply of fossil fuel energy, the world is slowly moving towards the renewable sources of energy. Renewable energy acts as an ideal source of energy with its ability to replenish, without getting extinct. <br />
<br />
Another quality of the renewable energy is that it doesn’t lead to environmental hazards. The fossil fuel energy has been alleged to cause environmental degradation on a mass scale, leading to ecological problems like green house effect and global warming. <br />
<br />
The renewable energy is environment friendly and does not emit any dangerous gases on combustion. The renewable energy is produced by the conversion of one type of energy into the other. The chief sources of renewable energy are the sun, wind and the ocean water. To tap the energy present in these sources is the task undertaken by organizations like the <a href="http://www.worldcarbontrading.com/" target="_blank">world energy research</a>.]]></content:encoded>
		</item>
		<item>
			<title><![CDATA[Floored - Doco on decline in floor trading CME / CBOT]]></title>
			<link>http://tradingcommunities.com/TCForum/showthread.php?tid=56</link>
			<pubDate>Mon, 22 Nov 2010 14:14:53 +0000</pubDate>
			<dc:creator>Rob McDonald</dc:creator>
			<guid isPermaLink="false">http://tradingcommunities.com/TCForum/showthread.php?tid=56</guid>
			<description><![CDATA[If you have some time to kill between trades check out the following documentary on the decline of floor/pit trading at the CME &amp; CBOT as traders move to electronic trading. Some odd characters on display, soldier on to at least episode 5 and it starts to make some interesting points.<br />
<br />
<a href="http://babelgum.com/Floored" target="_blank">http://babelgum.com/Floored</a> <br />
<br />
Some background info here :<br />
<a href="http://www.businessweek.com/news/2010-01-19/trading-pit-envy-strikes-chicago-s-new-electronic-generation.html" target="_blank">http://www.businessweek.com/news/2010-01...ation.html</a>]]></description>
			<content:encoded><![CDATA[If you have some time to kill between trades check out the following documentary on the decline of floor/pit trading at the CME &amp; CBOT as traders move to electronic trading. Some odd characters on display, soldier on to at least episode 5 and it starts to make some interesting points.<br />
<br />
<a href="http://babelgum.com/Floored" target="_blank">http://babelgum.com/Floored</a> <br />
<br />
Some background info here :<br />
<a href="http://www.businessweek.com/news/2010-01-19/trading-pit-envy-strikes-chicago-s-new-electronic-generation.html" target="_blank">http://www.businessweek.com/news/2010-01...ation.html</a>]]></content:encoded>
		</item>
		<item>
			<title><![CDATA[Great thread on Monte Carlo testing, Analysis, and Theory]]></title>
			<link>http://tradingcommunities.com/TCForum/showthread.php?tid=55</link>
			<pubDate>Sun, 07 Nov 2010 08:31:09 +0000</pubDate>
			<dc:creator>Rob McDonald</dc:creator>
			<guid isPermaLink="false">http://tradingcommunities.com/TCForum/showthread.php?tid=55</guid>
			<description><![CDATA[Found this thread over at ASF while googling around for some info today. Excellent discussion with some expert opinions. By far the best discussion I've seen in this area.<br />
<br />
<a href="http://www.aussiestockforums.com/forums/showthread.php?t=14235" target="_blank">http://www.aussiestockforums.com/forums/...hp?t=14235</a>]]></description>
			<content:encoded><![CDATA[Found this thread over at ASF while googling around for some info today. Excellent discussion with some expert opinions. By far the best discussion I've seen in this area.<br />
<br />
<a href="http://www.aussiestockforums.com/forums/showthread.php?t=14235" target="_blank">http://www.aussiestockforums.com/forums/...hp?t=14235</a>]]></content:encoded>
		</item>
		<item>
			<title><![CDATA[FX Options Greeks &#x26; Tools]]></title>
			<link>http://tradingcommunities.com/TCForum/showthread.php?tid=54</link>
			<pubDate>Fri, 05 Nov 2010 11:13:20 +0000</pubDate>
			<dc:creator>Rob McDonald</dc:creator>
			<guid isPermaLink="false">http://tradingcommunities.com/TCForum/showthread.php?tid=54</guid>
			<description><![CDATA[Found these while having a hut around. FXOptions.Com seem to be run by the ISE exchange to boost interest in their FX options product. The data provider for the charts they are using their looks interesting as well.<br />
<br />
A good starting point if you are doing some research into the area and looking for FX Greeks.<br />
<br />
<a href="http://www.fxoptions.com/" target="_blank">http://www.fxoptions.com/</a> <br />
<br />
<a href="http://www.livevol.com/" target="_blank">http://www.livevol.com/</a>]]></description>
			<content:encoded><![CDATA[Found these while having a hut around. FXOptions.Com seem to be run by the ISE exchange to boost interest in their FX options product. The data provider for the charts they are using their looks interesting as well.<br />
<br />
A good starting point if you are doing some research into the area and looking for FX Greeks.<br />
<br />
<a href="http://www.fxoptions.com/" target="_blank">http://www.fxoptions.com/</a> <br />
<br />
<a href="http://www.livevol.com/" target="_blank">http://www.livevol.com/</a>]]></content:encoded>
		</item>
		<item>
			<title><![CDATA[View of NFP day from Interbank desk]]></title>
			<link>http://tradingcommunities.com/TCForum/showthread.php?tid=53</link>
			<pubDate>Sun, 31 Oct 2010 08:08:46 +0000</pubDate>
			<dc:creator>Rob McDonald</dc:creator>
			<guid isPermaLink="false">http://tradingcommunities.com/TCForum/showthread.php?tid=53</guid>
			<description><![CDATA[Interesting article I found while clearing out some spam :<br />
<br />
<a href="http://www.trade2win.com/section/articles/754-day-life-forex-spot-desk-trader-part-2-a/p/1?group=trading-strategies&amp;topic=general" target="_blank">http://www.trade2win.com/section/article...ic=general</a>]]></description>
			<content:encoded><![CDATA[Interesting article I found while clearing out some spam :<br />
<br />
<a href="http://www.trade2win.com/section/articles/754-day-life-forex-spot-desk-trader-part-2-a/p/1?group=trading-strategies&amp;topic=general" target="_blank">http://www.trade2win.com/section/article...ic=general</a>]]></content:encoded>
		</item>
		<item>
			<title><![CDATA[A little prediction]]></title>
			<link>http://tradingcommunities.com/TCForum/showthread.php?tid=52</link>
			<pubDate>Mon, 20 Sep 2010 09:02:20 +0000</pubDate>
			<dc:creator>Rob McDonald</dc:creator>
			<guid isPermaLink="false">http://tradingcommunities.com/TCForum/showthread.php?tid=52</guid>
			<description><![CDATA[Just for fun I thought I'd put up this article predicting the fall of the AUD to the 80c mark in the near future (as it currently heads towards new highs). It should be interesting to look back on over the next year or so.<br />
<br />
<a href="http://www.bloomberg.com/news/2010-09-19/gillard-dollar-is-peaking-as-mining-tax-proves-aussie-is-overvalued-by-27-.html" target="_blank">http://www.bloomberg.com/news/2010-09-19...y-27-.html</a>]]></description>
			<content:encoded><![CDATA[Just for fun I thought I'd put up this article predicting the fall of the AUD to the 80c mark in the near future (as it currently heads towards new highs). It should be interesting to look back on over the next year or so.<br />
<br />
<a href="http://www.bloomberg.com/news/2010-09-19/gillard-dollar-is-peaking-as-mining-tax-proves-aussie-is-overvalued-by-27-.html" target="_blank">http://www.bloomberg.com/news/2010-09-19...y-27-.html</a>]]></content:encoded>
		</item>
		<item>
			<title><![CDATA[An Interesting Thought!!!]]></title>
			<link>http://tradingcommunities.com/TCForum/showthread.php?tid=50</link>
			<pubDate>Sat, 30 Jan 2010 05:06:00 +0000</pubDate>
			<dc:creator>owaispoul</dc:creator>
			<guid isPermaLink="false">http://tradingcommunities.com/TCForum/showthread.php?tid=50</guid>
			<description><![CDATA[Hi Guys,<br />
I saw the movie "The Animal" recently, though the movie was not a very good one to recommend you to watch but the most interesting thing about the movie is it's concept. I just couldn't stop laughing thinking about the concept of the movie: A human being having different animal organs sounds something out of the world, but it is worth a thought. If you are given a chance which oragan of your's would you like to replace with that of an animal?<br />
It would be wonderful to have your posts on this question.]]></description>
			<content:encoded><![CDATA[Hi Guys,<br />
I saw the movie "The Animal" recently, though the movie was not a very good one to recommend you to watch but the most interesting thing about the movie is it's concept. I just couldn't stop laughing thinking about the concept of the movie: A human being having different animal organs sounds something out of the world, but it is worth a thought. If you are given a chance which oragan of your's would you like to replace with that of an animal?<br />
It would be wonderful to have your posts on this question.]]></content:encoded>
		</item>
		<item>
			<title><![CDATA[Broken Wing Butterfly Options Spread Strategy]]></title>
			<link>http://tradingcommunities.com/TCForum/showthread.php?tid=49</link>
			<pubDate>Tue, 26 Jan 2010 10:44:18 +0000</pubDate>
			<dc:creator>Rob McDonald</dc:creator>
			<guid isPermaLink="false">http://tradingcommunities.com/TCForum/showthread.php?tid=49</guid>
			<description><![CDATA[A few good sources for a topic you don't see pop up that often. I have opinion or experience with the authors but the info is sound &amp; presented well.<br />
<br />
<a href="http://www.futuresmag.com/Issues/2010/February-2010/Pages/Options-strategy-Broken-wing-butterfly.asp" target="_blank">http://www.futuresmag.com/Issues/2010/Fe...terfly.asp</a><br />
<br />
<a href="http://www.youtube.com/watch?v=Wbh3i5ynSME" target="_blank">http://www.youtube.com/watch?v=Wbh3i5ynSME</a>]]></description>
			<content:encoded><![CDATA[A few good sources for a topic you don't see pop up that often. I have opinion or experience with the authors but the info is sound &amp; presented well.<br />
<br />
<a href="http://www.futuresmag.com/Issues/2010/February-2010/Pages/Options-strategy-Broken-wing-butterfly.asp" target="_blank">http://www.futuresmag.com/Issues/2010/Fe...terfly.asp</a><br />
<br />
<a href="http://www.youtube.com/watch?v=Wbh3i5ynSME" target="_blank">http://www.youtube.com/watch?v=Wbh3i5ynSME</a>]]></content:encoded>
		</item>
		<item>
			<title><![CDATA[Good source of Options educational materials]]></title>
			<link>http://tradingcommunities.com/TCForum/showthread.php?tid=48</link>
			<pubDate>Mon, 25 Jan 2010 11:53:31 +0000</pubDate>
			<dc:creator>Rob McDonald</dc:creator>
			<guid isPermaLink="false">http://tradingcommunities.com/TCForum/showthread.php?tid=48</guid>
			<description><![CDATA[I came across this site a while back and it seems well organized with excellent payoff diagrams for the various options strategies you can deploy. I think it's the education arm of OptionsHouse who I have no experience with, but a good information site all the same.<br />
<br />
<a href="http://www.theoptionsguide.com/" target="_blank">http://www.theoptionsguide.com/</a> <br />
<br />
There is a good example for all of you out there who have been tempted by the "rent out your shares for income" theory that is popular amongst the less reputable "trading riches" educators. They tend not to focus on the negative aspects during their sales pitches:<br />
<br />
Bull Call Spread: An Alternative to the Covered Call<br />
<a href="http://www.theoptionsguide.com/bull-call-spread-instead-of-covered-call.aspx" target="_blank">http://www.theoptionsguide.com/bull-call...-call.aspx</a>]]></description>
			<content:encoded><![CDATA[I came across this site a while back and it seems well organized with excellent payoff diagrams for the various options strategies you can deploy. I think it's the education arm of OptionsHouse who I have no experience with, but a good information site all the same.<br />
<br />
<a href="http://www.theoptionsguide.com/" target="_blank">http://www.theoptionsguide.com/</a> <br />
<br />
There is a good example for all of you out there who have been tempted by the "rent out your shares for income" theory that is popular amongst the less reputable "trading riches" educators. They tend not to focus on the negative aspects during their sales pitches:<br />
<br />
Bull Call Spread: An Alternative to the Covered Call<br />
<a href="http://www.theoptionsguide.com/bull-call-spread-instead-of-covered-call.aspx" target="_blank">http://www.theoptionsguide.com/bull-call...-call.aspx</a>]]></content:encoded>
		</item>
		<item>
			<title><![CDATA[Kicking Off 2010]]></title>
			<link>http://tradingcommunities.com/TCForum/showthread.php?tid=47</link>
			<pubDate>Sun, 24 Jan 2010 18:13:59 +0000</pubDate>
			<dc:creator>Rob McDonald</dc:creator>
			<guid isPermaLink="false">http://tradingcommunities.com/TCForum/showthread.php?tid=47</guid>
			<description><![CDATA[Well we've been going nearly a year already and after a somewhat accidental start to this forum it's starting to take shape, both physically, and from a direction and "what am I doing with this thing" perspective. <br />
<br />
After much brainstorming and asking hard questions of myself as to what is my view of trading and now to approach, it I've settled on what I think is a logical forum structure. This will by no means cater for everybody, but I feel it gives a good balance of the key requirements for successful trading, while allowing room for each traders unique personality and style.<br />
<br />
Moving forward I'll be posting up some topics and ideas I have been kicking around to use the forum as a sort of repository for trading information, do with it what you wish, feedback and challenging my ideas is always welcome - it is how we learn. <br />
<br />
Keep an eye out for updates as we continue to evolve the Trading Communities project :-)]]></description>
			<content:encoded><![CDATA[Well we've been going nearly a year already and after a somewhat accidental start to this forum it's starting to take shape, both physically, and from a direction and "what am I doing with this thing" perspective. <br />
<br />
After much brainstorming and asking hard questions of myself as to what is my view of trading and now to approach, it I've settled on what I think is a logical forum structure. This will by no means cater for everybody, but I feel it gives a good balance of the key requirements for successful trading, while allowing room for each traders unique personality and style.<br />
<br />
Moving forward I'll be posting up some topics and ideas I have been kicking around to use the forum as a sort of repository for trading information, do with it what you wish, feedback and challenging my ideas is always welcome - it is how we learn. <br />
<br />
Keep an eye out for updates as we continue to evolve the Trading Communities project :-)]]></content:encoded>
		</item>
		<item>
			<title><![CDATA[The Traders Expo – New York, Feb. 14-17, 2010]]></title>
			<link>http://tradingcommunities.com/TCForum/showthread.php?tid=46</link>
			<pubDate>Sun, 24 Jan 2010 17:48:28 +0000</pubDate>
			<dc:creator>Rob McDonald</dc:creator>
			<guid isPermaLink="false">http://tradingcommunities.com/TCForum/showthread.php?tid=46</guid>
			<description><![CDATA[It's almost that time of year for one of my favorite trading expo's in NYC. If you are looking for new ideas you will certainly find plenty to think about by attending this event. <br />
<br />
If you can't attend register for the MoneyShow site for plenty of free online replays from key speakers - <br />
<br />
<a href="http://www.moneyshow.com/nyot/" target="_blank">http://www.moneyshow.com/nyot/</a>]]></description>
			<content:encoded><![CDATA[It's almost that time of year for one of my favorite trading expo's in NYC. If you are looking for new ideas you will certainly find plenty to think about by attending this event. <br />
<br />
If you can't attend register for the MoneyShow site for plenty of free online replays from key speakers - <br />
<br />
<a href="http://www.moneyshow.com/nyot/" target="_blank">http://www.moneyshow.com/nyot/</a>]]></content:encoded>
		</item>
		<item>
			<title><![CDATA[More moves to limit FX leverage in the US - 10:1 possibly]]></title>
			<link>http://tradingcommunities.com/TCForum/showthread.php?tid=45</link>
			<pubDate>Sun, 24 Jan 2010 16:02:50 +0000</pubDate>
			<dc:creator>Rob McDonald</dc:creator>
			<guid isPermaLink="false">http://tradingcommunities.com/TCForum/showthread.php?tid=45</guid>
			<description><![CDATA[CFTC Forex Proposal; US Retail Market to Disappear?<br />
<br />
Tue, Jan 19 2010, 08:48 GMT<br />
by James Bibbings<br />
<br />
Turnkey Trading Partners<br />
<br />
On January 13th, 2010 the Commodity Futures Trading Commission (“CFTC”) issued a press release regarding its highly anticipated rule proposal for the regulation of retail forex transactions. The proposal seeks to adopt a new regulatory scheme to implement the CFTC Reauthorization Act of 2008. In particular it strives to address the way the federal agency will deal with off-exchange transactions in foreign currency with the retail public. Currently the CFTC’s proposal is open for public comment for sixty days (60) and was published in the Federal Register on January 7th, 2010. Before anyone can comment though, they’ll have to fully understand what the proposal says.<br />
What the Proposal Attempts to Establish<br />
<br />
The following is a summary listing of the major provisions included in the CFTC’s proposal. While reading through these items please note that they are not the only changes to the law which have been proposed. Rather, these items represent what will be the most significant changes to the industry through the eyes of a former regulator and industry professional; they are presented in order of most important to least.<br />
<br />
    * 1) The CFTC has revised its definition of “commodity interest” (i.e. futures) to include off-exchange retail forex transactions (“forex”). This change grants the CFTC jurisdiction over the United States retail forex market.<br />
    * 2) With the authority found in item one above; the CFTC will create new registration categories for retail foreign currency firms as follows:<br />
    * A) Dealers (Currently FDM’s) in retail forex transactions will be required to register as retail foreign exchange dealers or (“RFEDs”).<br />
    * B) Persons or entities that solicit or accept orders for an RFED, a Futures Clearing Merchant (“FCM”), or an affiliate of an FCM will be required to register as Introducing Brokers (“IBs”).<br />
    * C) Persons or entities exercising discretionary authority over accounts will be required to register as Commodity Trading Advisors (“CTAs”).<br />
    * D) Persons or entities which operate or solicit funds or property for a pooled investment vehicle would be required to register as Commodity Pool Operators (“CPOs”).<br />
    * E) All persons who qualify as being “associated” with the foregoing registration categories will be required to become registered as associated persons (“AP’s).<br />
    * 3) All Introducing Brokers (“IBs”) and all applicants working towards registration as IBs in connection with retail forex transactions will be required to enter into a guarantee agreement with an RFED.<br />
    * 4) RFEDs and FCMs which engage in retail forex transactions will be required to collect from their customers a security deposit equal to no less than ten percent of the notional value of the retail forex transaction to be conducted; thus imposing a strict 10:1 leverage ratio.<br />
<br />
The Implications<br />
<br />
Items 1 and 2: Revised Definition of “Commodity Interest”: The definitional change of “Commodity interest” to include off-exchange retail forex transactions gives full authority of the US retail foreign currency market to the CFTC. Based on this definitional adjustment the CFTC will now have the legal ability to require forex professionals to register with the agency. It also means these professionals will be required to become members of a self regulatory organization (“SRO”) which in most instances will be the National Futures Association (“NFA”). Firms will be required to register by law as RFEDs, FCMs, IBs, CTAs, and/or CPOs to solicit for or accept retail customer orders. Many of these firm’s employees will then also be required to become APs and/or business principals.<br />
<br />
Item 3: All IB’s Must Be Guaranteed by an RFED: This provision of the proposal is likely to be more devastating to the United States forex industry than any other. The reason? Requiring RFED’s to be entirely liable for the solicitation activity and performance of all their introducing brokers will prove to be impossible. Since there will be no such thing as an independent forex IB, it does not seem reasonable to think that the handful of RFEDs in the United States will be willing to take on the risk of guaranteeing all of the nation’s introducing agents. If they were to do so, the level of liability as well as the capital required to stand behind the performance of such entities would be staggering. Further this requirement completely eliminates the role of an independent IB as it calls for each guaranteed IB to introduce client accounts to only its guarantor RFED. This will greatly reduce consumer and IB strategy options and may also cause clients to open relationships with multiple brokerage houses. For these two reasons, and the requirement discussed below in item 4, third party forex brokerage as it currently exists will be under tremendous stress.<br />
<br />
Item 4: Forex Transactions Must Adhere to 10:1 leverage: There has been more written about this portion of the CFTC proposal than any other and perhaps rightfully so. Currently in the US firms are able to offer clients 100:1 leverage, which is already lower than what is available in other parts of the world. At this time US customers appear to be satisfied with security deposit levels which currently reside at either 1% or 4% (by pair traded) of a contracts notional value. Although the CFTC may believe that lowering leverage from 100:1 may be better for clients (which in many cases it will be) I do not believe they have fully considered the ramifications of this action.<br />
<br />
It is largely anticipated that in the event leverage in the US is reduced from 100:1 to 10:1 most US accounts will migrate to the United Kingdom. Individual traders have voiced publically that they are unwilling to post higher levels of margin to trade within the United States. Specifically many have shared that as long as well regulated, financially similar, trading venues exist internationally; staying in the US will not make sense with a 10% security deposit. Therefore, if the objective of the CFTC is to protect US investors with their new proposal and this occurs, they may actually be making matters worse. If US clients are encouraged to move their accounts abroad on to pursue higher leverage, the CFTC will then no longer have jurisdiction over the companies handling those accounts and the point will become moot.<br />
<br />
In addition to potentially losing jurisdiction over US client monies, should a capital exodus occur on the count of reduced leverage, the CFTC will have also made US RFED’s less competitive internationally. The implications here are far reaching; especially when one considers the size of the global forex market space. Furthermore, reducing leverage by as much as ten times will also drastically reduce off exchange retail currency trading volumes for RFEDs. If this were to occur these firms would likely seek out new forms of revenue in order to supplement falling profit margins. They would likely do so through various fees and/or by additional commissions through wider trading spreads. This too will not be good for the US retail trader or the RFED’s which directly and indirectly create numerous employment opportunities. Worst yet, it is conceivable that an adjustment to the security deposit, especially when coupled with the requirement to guarantee IB’s, might move some RFEDs entirely out of the country.<br />
Options and the Long Road Ahead<br />
<br />
Share Your Thoughts: Now that the CFTC proposal exists, what’s next for retail forex traders and brokerage firms within the United States? The first thing that should be done if you’d like to comment on this proposal would be to submit your thoughts to the CFTC and your legislators. The CFTC will accept comments for at least sixty days (60) starting from January 7th, 2010. When sending in a comment it will be important to use the subject “Proposed CFTC Regulation of Retail Forex”; Federal Register - January 7th, 2010. After this be sure to include the proposals identification number which is RIN3038-AC61 in the body of your message.<br />
<br />
Industry Professionals: Industry professionals that have not yet registered with the CFTC and elected to become NFA members; now is the time. It is possible that the CFTC may alter some of its proposed amendments if it deems the comments received from the public are reasonable. However, it is highly unlikely that the requirement for all forex professionals to become CFTC registrants and members of a DSRO will be omitted. In just a short period of time every forex firm in the country will be required to register and this will create a massive back log with the NFA. To learn more about this process it would be advisable to contact a regulatory professional and seek advice immediately. Due to the time sensitive nature of this requirement it would also be wise to look for a company that is well versed in forex compliance. Most importantly they should be intimately aware of the CFTC’s current proposal.<br />
<br />
Retail Traders: Individuals who trade retail forex will need to consider the implications of having to post as much as ten times more capital to hold trades open. This will materially alter trading strategies and significantly reduce the size of the positions that a person can initiate. Customers should speak with their respective brokerage houses, the CFTC, NFA, and their legislators to let them know how this rule will impact their trading.<br />
<br />
Original source : <a href="http://www.fxstreet.com/education/forex-basics/cftc-forex-proposal-us-retail-market-to-disappear/2010-01-19.html" target="_blank">http://www.fxstreet.com/education/forex-...01-19.html</a>]]></description>
			<content:encoded><![CDATA[CFTC Forex Proposal; US Retail Market to Disappear?<br />
<br />
Tue, Jan 19 2010, 08:48 GMT<br />
by James Bibbings<br />
<br />
Turnkey Trading Partners<br />
<br />
On January 13th, 2010 the Commodity Futures Trading Commission (“CFTC”) issued a press release regarding its highly anticipated rule proposal for the regulation of retail forex transactions. The proposal seeks to adopt a new regulatory scheme to implement the CFTC Reauthorization Act of 2008. In particular it strives to address the way the federal agency will deal with off-exchange transactions in foreign currency with the retail public. Currently the CFTC’s proposal is open for public comment for sixty days (60) and was published in the Federal Register on January 7th, 2010. Before anyone can comment though, they’ll have to fully understand what the proposal says.<br />
What the Proposal Attempts to Establish<br />
<br />
The following is a summary listing of the major provisions included in the CFTC’s proposal. While reading through these items please note that they are not the only changes to the law which have been proposed. Rather, these items represent what will be the most significant changes to the industry through the eyes of a former regulator and industry professional; they are presented in order of most important to least.<br />
<br />
    * 1) The CFTC has revised its definition of “commodity interest” (i.e. futures) to include off-exchange retail forex transactions (“forex”). This change grants the CFTC jurisdiction over the United States retail forex market.<br />
    * 2) With the authority found in item one above; the CFTC will create new registration categories for retail foreign currency firms as follows:<br />
    * A) Dealers (Currently FDM’s) in retail forex transactions will be required to register as retail foreign exchange dealers or (“RFEDs”).<br />
    * B) Persons or entities that solicit or accept orders for an RFED, a Futures Clearing Merchant (“FCM”), or an affiliate of an FCM will be required to register as Introducing Brokers (“IBs”).<br />
    * C) Persons or entities exercising discretionary authority over accounts will be required to register as Commodity Trading Advisors (“CTAs”).<br />
    * D) Persons or entities which operate or solicit funds or property for a pooled investment vehicle would be required to register as Commodity Pool Operators (“CPOs”).<br />
    * E) All persons who qualify as being “associated” with the foregoing registration categories will be required to become registered as associated persons (“AP’s).<br />
    * 3) All Introducing Brokers (“IBs”) and all applicants working towards registration as IBs in connection with retail forex transactions will be required to enter into a guarantee agreement with an RFED.<br />
    * 4) RFEDs and FCMs which engage in retail forex transactions will be required to collect from their customers a security deposit equal to no less than ten percent of the notional value of the retail forex transaction to be conducted; thus imposing a strict 10:1 leverage ratio.<br />
<br />
The Implications<br />
<br />
Items 1 and 2: Revised Definition of “Commodity Interest”: The definitional change of “Commodity interest” to include off-exchange retail forex transactions gives full authority of the US retail foreign currency market to the CFTC. Based on this definitional adjustment the CFTC will now have the legal ability to require forex professionals to register with the agency. It also means these professionals will be required to become members of a self regulatory organization (“SRO”) which in most instances will be the National Futures Association (“NFA”). Firms will be required to register by law as RFEDs, FCMs, IBs, CTAs, and/or CPOs to solicit for or accept retail customer orders. Many of these firm’s employees will then also be required to become APs and/or business principals.<br />
<br />
Item 3: All IB’s Must Be Guaranteed by an RFED: This provision of the proposal is likely to be more devastating to the United States forex industry than any other. The reason? Requiring RFED’s to be entirely liable for the solicitation activity and performance of all their introducing brokers will prove to be impossible. Since there will be no such thing as an independent forex IB, it does not seem reasonable to think that the handful of RFEDs in the United States will be willing to take on the risk of guaranteeing all of the nation’s introducing agents. If they were to do so, the level of liability as well as the capital required to stand behind the performance of such entities would be staggering. Further this requirement completely eliminates the role of an independent IB as it calls for each guaranteed IB to introduce client accounts to only its guarantor RFED. This will greatly reduce consumer and IB strategy options and may also cause clients to open relationships with multiple brokerage houses. For these two reasons, and the requirement discussed below in item 4, third party forex brokerage as it currently exists will be under tremendous stress.<br />
<br />
Item 4: Forex Transactions Must Adhere to 10:1 leverage: There has been more written about this portion of the CFTC proposal than any other and perhaps rightfully so. Currently in the US firms are able to offer clients 100:1 leverage, which is already lower than what is available in other parts of the world. At this time US customers appear to be satisfied with security deposit levels which currently reside at either 1% or 4% (by pair traded) of a contracts notional value. Although the CFTC may believe that lowering leverage from 100:1 may be better for clients (which in many cases it will be) I do not believe they have fully considered the ramifications of this action.<br />
<br />
It is largely anticipated that in the event leverage in the US is reduced from 100:1 to 10:1 most US accounts will migrate to the United Kingdom. Individual traders have voiced publically that they are unwilling to post higher levels of margin to trade within the United States. Specifically many have shared that as long as well regulated, financially similar, trading venues exist internationally; staying in the US will not make sense with a 10% security deposit. Therefore, if the objective of the CFTC is to protect US investors with their new proposal and this occurs, they may actually be making matters worse. If US clients are encouraged to move their accounts abroad on to pursue higher leverage, the CFTC will then no longer have jurisdiction over the companies handling those accounts and the point will become moot.<br />
<br />
In addition to potentially losing jurisdiction over US client monies, should a capital exodus occur on the count of reduced leverage, the CFTC will have also made US RFED’s less competitive internationally. The implications here are far reaching; especially when one considers the size of the global forex market space. Furthermore, reducing leverage by as much as ten times will also drastically reduce off exchange retail currency trading volumes for RFEDs. If this were to occur these firms would likely seek out new forms of revenue in order to supplement falling profit margins. They would likely do so through various fees and/or by additional commissions through wider trading spreads. This too will not be good for the US retail trader or the RFED’s which directly and indirectly create numerous employment opportunities. Worst yet, it is conceivable that an adjustment to the security deposit, especially when coupled with the requirement to guarantee IB’s, might move some RFEDs entirely out of the country.<br />
Options and the Long Road Ahead<br />
<br />
Share Your Thoughts: Now that the CFTC proposal exists, what’s next for retail forex traders and brokerage firms within the United States? The first thing that should be done if you’d like to comment on this proposal would be to submit your thoughts to the CFTC and your legislators. The CFTC will accept comments for at least sixty days (60) starting from January 7th, 2010. When sending in a comment it will be important to use the subject “Proposed CFTC Regulation of Retail Forex”; Federal Register - January 7th, 2010. After this be sure to include the proposals identification number which is RIN3038-AC61 in the body of your message.<br />
<br />
Industry Professionals: Industry professionals that have not yet registered with the CFTC and elected to become NFA members; now is the time. It is possible that the CFTC may alter some of its proposed amendments if it deems the comments received from the public are reasonable. However, it is highly unlikely that the requirement for all forex professionals to become CFTC registrants and members of a DSRO will be omitted. In just a short period of time every forex firm in the country will be required to register and this will create a massive back log with the NFA. To learn more about this process it would be advisable to contact a regulatory professional and seek advice immediately. Due to the time sensitive nature of this requirement it would also be wise to look for a company that is well versed in forex compliance. Most importantly they should be intimately aware of the CFTC’s current proposal.<br />
<br />
Retail Traders: Individuals who trade retail forex will need to consider the implications of having to post as much as ten times more capital to hold trades open. This will materially alter trading strategies and significantly reduce the size of the positions that a person can initiate. Customers should speak with their respective brokerage houses, the CFTC, NFA, and their legislators to let them know how this rule will impact their trading.<br />
<br />
Original source : <a href="http://www.fxstreet.com/education/forex-basics/cftc-forex-proposal-us-retail-market-to-disappear/2010-01-19.html" target="_blank">http://www.fxstreet.com/education/forex-...01-19.html</a>]]></content:encoded>
		</item>
		<item>
			<title><![CDATA[Chinese Futures Contracts on the way along with Short Selling &#x26; Margin Trading]]></title>
			<link>http://tradingcommunities.com/TCForum/showthread.php?tid=44</link>
			<pubDate>Sun, 10 Jan 2010 19:26:48 +0000</pubDate>
			<dc:creator>Rob McDonald</dc:creator>
			<guid isPermaLink="false">http://tradingcommunities.com/TCForum/showthread.php?tid=44</guid>
			<description><![CDATA[China’s ‘Big Step’ on Futures May Boost Investments (Update2)<br />
Share Business ExchangeTwitterFacebook| Email | Print | A A A<br />
By Tal Barak Harif and Jeff Kearns<br />
<br />
Jan. 9 (Bloomberg) -- China took a “big step” toward opening its capital markets by approving stock index futures, paving the way for increased investment in the world’s fastest- growing major economy, according to Invesco Ltd.<br />
<br />
The China Securities Regulatory Commission said yesterday it may take three months to complete preparations for index futures, agreements to buy or sell an index at a preset value on an agreed date. The government also approved margin trading and short selling, when investors seek to profit from declines in shares, according to a commission statement on its Web site.<br />
<br />
“They’re taking a big step forward in developing their capital markets and allowing people to express their positive and negative views on stocks,” said Diane Garnick, a New York- based investment strategist at Invesco, which invests in China as part of its Asia Pacific business that had &#36;26.8 billion of assets as of Sept. 30. “You’ll have more people participate in the market and thus greater efficiency.”<br />
<br />
Increased investment in Chinese equities may help narrow the gap between prices of shares traded in both Hong Kong and the mainland, said Jeff Papp, a senior analyst at Lisle, Illinois-based Oberweis Asset Management Inc. Companies in China’s benchmark Shanghai Composite Index trade at 33.9 times 12-month trailing earnings compared with 20.9 times for the Hang Seng China Enterprise index in Hong Kong.<br />
<br />
‘More Clarity’<br />
<br />
“A potential long-term development is more clarity in the market now that there’s more liquidity in the market for the true valuations of the companies that are dual listed,” said Papp, whose firm oversees &#36;800 million, including U.S. and Hong Kong-traded China shares. “So we may see a pop” in the value of Chinese equities listed in Hong Kong, he said.<br />
<br />
China, whose economy grew 8.9 percent in the third quarter of 2009, currently bars overseas investors from trading yuan- denominated stocks and bonds on the mainland except through a so-called qualified foreign institutional investors program, which has approved 94 international firms. Foreign ownership of fund management companies is restricted to 49 percent.<br />
<br />
Index futures may help ease fluctuations in the world’s third-largest equity market by value after the Shanghai Composite Index doubled in 2007, then slumped 65 percent in 2008 before rebounding 80 percent last year. Until now, Chinese investors could only profit from gains in equities.<br />
<br />
‘Freedom’<br />
<br />
“China is going to the direction of freedom for its markets and more flexibility for its investors so it’s good news,” said Eric Conrads, a hedge fund manager at Armada Capital SA, a Mexico City-based partnership with ING Investment Management, which invests in China through U.S.-listed shares and exchange-traded funds. “More liquidity in the futures leads to more investors as you have a bigger pool of tools. You can be long on the future and short on the stock.”<br />
<br />
Allowing short-selling in China probably will spur the start of more hedge funds in Asia, said Ken Heinz, the president of Hedge Fund Research Inc. in Chicago.<br />
<br />
Richard C. Kang, the chief investment officer at Emerging Global Advisors LLC in New York said China, whose equities have a market value of &#36;3.2 trillion, may not be ready for the change. Short selling is when investors sell borrowed stock in the hope of profiting by buying the securities later at a lower price and returning them to the shareholder.<br />
<br />
“The risk that I see is too much growth too quickly,” said Kang, who helps oversee &#36;50 million in exchange-traded funds that hold shares of China Construction Bank Corp., Industrial &amp; Commercial Bank of China and China Life Insurance Co. “If this leads to over-speculation, which is possible in a heated market, what happens is that there will be more short- term thinking in the market, and could lead to more speculators than hedgers.”<br />
<br />
CSI 300 Index<br />
<br />
The first stock index contracts, based on China’s CSI 300 Index, may begin trading after the Communist party’s annual congress in March, an official with knowledge of the matter said. The CSI 300, which tracks the 300 biggest stocks traded in Shanghai and Shenzhen, rose 0.3 percent on Jan. 8 to close at 3,480.13. The Shanghai Composite Index added 0.1 percent.<br />
<br />
The Bank of New York Mellon China ADR Index, which tracks American depositary receipts, rose 0.6 percent to 399.39 in New York and posted a 5.2 percent gain for the week, the biggest 5- day advance in two months.<br />
<br />
Rules for the index futures will deter participation by retail investors, said Jing Ulrich, Hong Kong-based chairwoman of China equities and commodities at JPMorgan Chase &amp; Co.<br />
<br />
Mock Trading<br />
<br />
Investors will be required to put up 10 percent of a contract’s value to buy, sell or short CSI 300-based futures as collateral, according to rules published on China Financial Futures Exchange’s Web site in 2007. The bourse has been conducting mock trading in the securities since October 2006.<br />
<br />
The value of the futures contracts will be points of the CSI 300 multiplied by 300 yuan, according to the trading rules the exchange set.<br />
<br />
Investors will need to spend 105,000 yuan (&#36;15,379) to buy a single futures contract when the CSI 300 is at the 3,500 level, establishing a “cost barrier to retail participation,” Ulrich wrote in a note distributed after the announcement.<br />
<br />
“These initiatives will provide tools for institutional investors to hedge risks and should reduce market volatility in the long-term,” she said.<br />
<br />
Citic Securities Co., China Merchants Bank Co., Ping An Insurance Group Co., Industrial Bank Co. and Shanghai Pudong Development Bank Co. are the most-heavily weighted stocks on the CSI 300.<br />
<br />
“This is a positive development for the evolution of the markets becoming more up-to-speed in terms of how markets need to operate,” Oberweis Asset Management’s Papp said. “More sophistication would be a good thing in the long term.”<br />
<br />
For Related News and Information: News on China’s markets: TNI CHINA EXC &lt;GO&gt; Shanghai Composite Index rankings: SHCOMP &lt;Index&gt; MRR &lt;GO&gt; Top news on stock markets: TOP STK &lt;GO&gt; China markets snapshot: CBQ CH &lt;GO&gt;<br />
<br />
Last Updated: January 8, 2010 17:44 EST<br />
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			<content:encoded><![CDATA[China’s ‘Big Step’ on Futures May Boost Investments (Update2)<br />
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By Tal Barak Harif and Jeff Kearns<br />
<br />
Jan. 9 (Bloomberg) -- China took a “big step” toward opening its capital markets by approving stock index futures, paving the way for increased investment in the world’s fastest- growing major economy, according to Invesco Ltd.<br />
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The China Securities Regulatory Commission said yesterday it may take three months to complete preparations for index futures, agreements to buy or sell an index at a preset value on an agreed date. The government also approved margin trading and short selling, when investors seek to profit from declines in shares, according to a commission statement on its Web site.<br />
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“They’re taking a big step forward in developing their capital markets and allowing people to express their positive and negative views on stocks,” said Diane Garnick, a New York- based investment strategist at Invesco, which invests in China as part of its Asia Pacific business that had &#36;26.8 billion of assets as of Sept. 30. “You’ll have more people participate in the market and thus greater efficiency.”<br />
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Increased investment in Chinese equities may help narrow the gap between prices of shares traded in both Hong Kong and the mainland, said Jeff Papp, a senior analyst at Lisle, Illinois-based Oberweis Asset Management Inc. Companies in China’s benchmark Shanghai Composite Index trade at 33.9 times 12-month trailing earnings compared with 20.9 times for the Hang Seng China Enterprise index in Hong Kong.<br />
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‘More Clarity’<br />
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“A potential long-term development is more clarity in the market now that there’s more liquidity in the market for the true valuations of the companies that are dual listed,” said Papp, whose firm oversees &#36;800 million, including U.S. and Hong Kong-traded China shares. “So we may see a pop” in the value of Chinese equities listed in Hong Kong, he said.<br />
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China, whose economy grew 8.9 percent in the third quarter of 2009, currently bars overseas investors from trading yuan- denominated stocks and bonds on the mainland except through a so-called qualified foreign institutional investors program, which has approved 94 international firms. Foreign ownership of fund management companies is restricted to 49 percent.<br />
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Index futures may help ease fluctuations in the world’s third-largest equity market by value after the Shanghai Composite Index doubled in 2007, then slumped 65 percent in 2008 before rebounding 80 percent last year. Until now, Chinese investors could only profit from gains in equities.<br />
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‘Freedom’<br />
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“China is going to the direction of freedom for its markets and more flexibility for its investors so it’s good news,” said Eric Conrads, a hedge fund manager at Armada Capital SA, a Mexico City-based partnership with ING Investment Management, which invests in China through U.S.-listed shares and exchange-traded funds. “More liquidity in the futures leads to more investors as you have a bigger pool of tools. You can be long on the future and short on the stock.”<br />
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Allowing short-selling in China probably will spur the start of more hedge funds in Asia, said Ken Heinz, the president of Hedge Fund Research Inc. in Chicago.<br />
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Richard C. Kang, the chief investment officer at Emerging Global Advisors LLC in New York said China, whose equities have a market value of &#36;3.2 trillion, may not be ready for the change. Short selling is when investors sell borrowed stock in the hope of profiting by buying the securities later at a lower price and returning them to the shareholder.<br />
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“The risk that I see is too much growth too quickly,” said Kang, who helps oversee &#36;50 million in exchange-traded funds that hold shares of China Construction Bank Corp., Industrial &amp; Commercial Bank of China and China Life Insurance Co. “If this leads to over-speculation, which is possible in a heated market, what happens is that there will be more short- term thinking in the market, and could lead to more speculators than hedgers.”<br />
<br />
CSI 300 Index<br />
<br />
The first stock index contracts, based on China’s CSI 300 Index, may begin trading after the Communist party’s annual congress in March, an official with knowledge of the matter said. The CSI 300, which tracks the 300 biggest stocks traded in Shanghai and Shenzhen, rose 0.3 percent on Jan. 8 to close at 3,480.13. The Shanghai Composite Index added 0.1 percent.<br />
<br />
The Bank of New York Mellon China ADR Index, which tracks American depositary receipts, rose 0.6 percent to 399.39 in New York and posted a 5.2 percent gain for the week, the biggest 5- day advance in two months.<br />
<br />
Rules for the index futures will deter participation by retail investors, said Jing Ulrich, Hong Kong-based chairwoman of China equities and commodities at JPMorgan Chase &amp; Co.<br />
<br />
Mock Trading<br />
<br />
Investors will be required to put up 10 percent of a contract’s value to buy, sell or short CSI 300-based futures as collateral, according to rules published on China Financial Futures Exchange’s Web site in 2007. The bourse has been conducting mock trading in the securities since October 2006.<br />
<br />
The value of the futures contracts will be points of the CSI 300 multiplied by 300 yuan, according to the trading rules the exchange set.<br />
<br />
Investors will need to spend 105,000 yuan (&#36;15,379) to buy a single futures contract when the CSI 300 is at the 3,500 level, establishing a “cost barrier to retail participation,” Ulrich wrote in a note distributed after the announcement.<br />
<br />
“These initiatives will provide tools for institutional investors to hedge risks and should reduce market volatility in the long-term,” she said.<br />
<br />
Citic Securities Co., China Merchants Bank Co., Ping An Insurance Group Co., Industrial Bank Co. and Shanghai Pudong Development Bank Co. are the most-heavily weighted stocks on the CSI 300.<br />
<br />
“This is a positive development for the evolution of the markets becoming more up-to-speed in terms of how markets need to operate,” Oberweis Asset Management’s Papp said. “More sophistication would be a good thing in the long term.”<br />
<br />
For Related News and Information: News on China’s markets: TNI CHINA EXC &lt;GO&gt; Shanghai Composite Index rankings: SHCOMP &lt;Index&gt; MRR &lt;GO&gt; Top news on stock markets: TOP STK &lt;GO&gt; China markets snapshot: CBQ CH &lt;GO&gt;<br />
<br />
Last Updated: January 8, 2010 17:44 EST<br />
<br />
<a href="http://www.bloomberg.com/apps/news?pid=20601087&amp;sid=aNVs32qZbklE&amp;pos=3" target="_blank">http://www.bloomberg.com/apps/news?pid=2...bklE&pos=3</a>]]></content:encoded>
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