Jan
20
Morning Coffee: Economic Calendar for January 20, 2011
Today’s economic calendar:
8:30 Initial Jobless Claims
10:00 Existing Home Sales
10:00 Leading Indicators
10:00 Philly Fed Business Outlook
10:30 EIA Natural Gas Inventory
11:00 EIA Petroleum Inventories
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
Other Notable News
- Existing home sales should rise to a pace of 4.95 million units in December, says MFR’s Joshua Shapiro. Leading indicators are seen rising 0.6%; Philedelphia Fed’s area survey seen strong.
- Morgan Stanley reports results, before the market opens.
- Telefonica splits, 3-for-1, at the close.
- Alstom reports earnings.
- China reports gross domestic product for the fourth quarter, as well as consumer and producer prices, retail sales and industrial production. High Frequency Economics’ Carl Weinberg forecasts fourth-quarter growth of 10.1%, versus 9.6% in the third quarter.
- Deutsche Telekom holds an investor day in New York for T-Mobile.
- Spectra Energy and WGL Holdings meet with analysts in New York.
- Another round of nuclear talks between major powers and Iran begins.
- BHP Billiton reports on production, exploration and development in the December quarter.
| Notable Earnings Announcements | |||
| Company | Ticker | Consensus Estimate EPS |
Year Ago EPS |
| Intuitive Surgical (4Q) | ISRG | 2.24 | 1.95 |
| Capital One Fin’l (4Q) | COF | 1.27 | 0.83 |
| Google (4Q) | GOOG | 8.07 | 6.79 |
| Southwest Airlines (4Q) | LUV | 0.16 | 0.10 |
| Fifth Third Bancorp (4Q) | FITB | 0.24 | -0.20 |
| Union Pacific (4Q) | UNP | 1.48 | 1.08 |
| Rockwell Collins (1Q) | COL | 0.87 | 0.76 |
| PPG Industries (4Q) | PPG | 1.12 | 0.86 |
| Johnson Controls (1Q) | JCI | 0.54 | 0.43 |
| PNC Financial Svcs (4Q) | PNC | 1.38 | 2.17 |
| United Health (4Q) | UNH | 0.83 | 0.81 |
| Freeport-MCM Copper & Gold (4Q) | FCX | 2.82 | 2.15 |
| Parker Hannifan (2Q) | PH | 1.30 | 0.64 |
| Morgan Stanley (4Q) | MS | 0.35 | 0.29 |
Sep
4
Forex Practice Account
Many terms are related with trading forex at the financial market such as spreads, stop-loss-orders, leverage, pips etc. If you want to trade in forex and do not have any knowledge about the terms related with it, you need not to worry. With the advancement of technology and introduction of trading online, it has become possible even for a novice to know the basics of forex trading without spending any money. There are many sites that give the knowledge about the fundamentals of forex trading and there is enough material that can help you how to trade in the financial market.
If you want to start foex trading, you need not to invest money at the initial stage. A demo or a practice account can be opened with a trading site. Demo account will give you an opportunity how to use a trading platform and you will also get familiar how the money is exchanged in this type of trading. With a demo account you can try out the different services that trading platforms offer. You can open a number of practice accounts with different brokers, it will help you to find out which is more capable and talented in this line.
How to Open a Practice Account
Opening a practice account is not a difficult. All you have to do is to fill an online form and your demo account is ready to operate. A novice trader, who opens a demo account, usually gets free training about the working of financial market and its strategies from the trading platforms. In order to open a practice account, you can pay through a cheque, through transferring money or credit card. Here are the details for getting a practice account:
Fill the form that is available online.
- Deposit the money through any of methods mentioned above.
- Forex trading software has to be installed.
- After installing forex software, provide your password and ID card to login the practice account.
After these formalities are over, you can trade in forex. There can be other trading accounts as well through which you can trade but only three accounts are there which can help you to the maximum.
For a mini practice account you have to deposit least $ 500 with a one percent margin, leverage 500.1 and you will get three pips spread.
For a standard practice account you will need to deposit $ 10,000. Your margin will be 1%, leverage 200.1, 2 pips spread and a Premium-Demo-Account.
Minimum deposit of $ 250,000 gives you 1% margin, 100.1 leverage and one pip spread.
A user can avail the facilities according to the leverage approaches and the sizes. Under all the three accounts, services are provided by the brokers accordingly. These services may include information, full-chart-package, trading software, slippage, joint venture accounts, advisor’s help and opportunities to sell gold and silver as well. These platforms provide their customers with free support directly on telephone and online. They also provide strategic knowledge about the most traded pairs of currencies and daily market updates. So, you can see hoe a practice account can help you learn the forex market and its working.