FOREX SIGNAL 21.07.2008

Monday, 21 July 2008 - 6:00 AM GMT
EUR/USD
Trading range: 1.5885 - 1.5795
Trend: Downward
Sell at 1.5872 SL 1.5904 TP 1.5805

USD/JPY
Trading range: 106.95 - 106.10
Trend: Downward
Sell at 106.85 SL 107.17 TP 106.23

GBP/USD
Trading range: 1.9965 - 1.9865
Trend: Downward
Sell at 1.9955 SL 1.9987 TP 1.9877

USD/CHF
Trading range: 1.0195 - 1.0295
Trend: Upward
Buy at 1.0209 SL 1.0177 TP 1.0283

by iForex Daily Forecast

Start a Broker Dealer Now or never

MARKET REVIEW 21 JULY 2008

Its Monday again with Forex entering super slow motion. Last week position of UJ has been closed with 280 pips profit. Position of GU, EU, AU is still holding.

This week I will be looking to short Jpy pairs with no.1 choice of Gbp/Jpy. GJ is expected to reach last week high again and thats is where entry point begins. As of now I would short GJ @ 213.50 or better. Meaning you dont have to enter at the exact point, just watch the strength and enter when market is turning.

I will post signal later for confirmation. In the mean time go do something else. Its monday, no forex magic happens on monday.

Starting your Broker Dealer

5 sneaky tax deductions

You've probably never heard of these write-offs, but they could save you a lot of money and make your April easier. Why send the IRS any more than you need to?

By Jeff Schnepper, MSN Money

1. 'Depreciate' land

Depreciation is the deduction you take to expense and recover the cost of a business or investment asset. If that asset has a useful life of more than one year, normally the IRS requires you to write off the cost over that period. Depreciation, in theory, is the way you get to deduct your cost over the life of the asset.

The key words here are "life of the asset." Because land has an unlimited life, you don't qualify for expensing or depreciation. But that doesn't mean you can't suck some tax savings out of the land if you get creative.

Assume you have a piece of residential rental real estate. You know you can depreciate the cost of the building over 27.5 years. But how about the land? Here's what you do:

1. Set up an irrevocable trust with an independent trustee and your kids as beneficiaries.

2. Draft a deed that separates the land from the building. Gift the land only to the trust. You and your spouse each have an annual gift tax exclusion of $13,000 per child, plus a lifetime gift tax exclusion of $5 million each. That means no tax unless the value of the land is in excess of $10 million. In that case, call me -- you can afford my fees.

3. You now own a rental building on property owned by the trust. Legally, the trustee has a fiduciary obligation to offer you a choice: Either get the building off the land or pay a lease rental fee.

Assuming you have an IQ of at least two digits, you're going to pay some rent. But what are you really doing? You're now taking a deduction for the lease rental at your higher bracket while the income is taxed to your kids at their lower rates. You pocket the difference. If we're talking a rental of $1,000 a month and you're in the 28% bracket and the kids are in the 10% bracket, that's an annual family savings of $2,160. Be sure to watch out for the "kiddie" tax.

The same concept works with any land used for business or investment, such as farmland. If you don't have kids, how about parents in a lower tax bracket whom you want to help support?

That's how you "depreciate" land!

Arizona State Taxes

MARKET REVIEW 14 JULY 2008

Its Monday again with Forex entering super slow motion. Last week we saw a decline in USD despite double good news on friday. It is what I call pushing the market. Someone or a group of people with lots of money is pushing the market opposite of the direction of economic news. This sometimes happens and there is nothing we little fish can do about it but there is a good news. No matter how much you push, it will eventually follow its direction. Forex is an economic instrument afterall. It is influence by supply and demand as well as speculators.

Last week we saw Eur and Aud being the strogest of them all. As a result both has gain over Usd and Jpy making new high but the way I see it, it is a temporary move. The main move is for Usd and Jpy to go higher resulting a fall for Gbp, Eur and Aud being Gbp will be the most affected.

So this week I will be looking to short all Gbp/Usd, Eur/Usd, Aud/Usd, Gbp/Jpy, Eur/Jpy and Aud/Jpy. The question remains is the entry point. From my currenty view entry would somewhere around last week high.

Happy trading and remember to manage your risk at all time. If you are a scalper you may take entry on the downhill movement. As for me I will take top and bottom.

Starting a Broker Dealer

Mongolian Industrial Output and Foreign Trade to Increase

Mongolia?s aggregate industrial output and external trade turnover have increased remarkably over the first 10 months of 2010, official statistics show. From January through October, the total industrial output increased by 177.2 bln.tog or 13.2 percent to 1.517.4 bln.tog compared to the same period the previous year. The increase in the industrial output was mainly due [...]

Being a Tax Lawyer

DAILY FOREX RECOMMENDATION

Tuesday, 12 August 2008 - 6:00 AM GMT
EUR/USD
Trading range: 1.4905 - 1.4810
Trend: Downward
Sell at 1.4891 SL 1.4923 TP 1.4824

USD/JPY
Trading range: 109.75 - 110.60
Trend: Upward
Buy at 109.86 SL 109.54 TP 110.48

GBP/USD
Trading range: 1.9065 - 1.8965
Trend: Downward
Sell at 1.9054 SL 1.9086 TP 1.8976

USD/CHF
Trading range: 1.0870 - 1.0965
Trend: Upward
Buy at 1.0881 SL 1.0849 TP 1.0955

by iForex Daily Forecast

Starting Broker Dealer

FOREX SIGNAL 16.07.2008

Wednesday, 16 July 2008 - 6:00 AM GMT
EUR/USD
Trading range: 1.5870 - 1.5860
Trend: Upward
Buy at 1.5882 SL 1.5850 TP 1.5949

USD/JPY
Trading range: 104.80 - 103.90
Trend: Downward
Sell at 104.66 SL 104.98 TP 104.04

GBP/USD
Trading range: 1.9995 - 2.0095
Trend: Upward
Buy at 2.0005 SL 1.9973 TP 2.0083

USD/CHF
Trading range: 1.0125 - 1.0030
Trend: Downward
Sell at 1.0114 SL 1.0146 TP 1.0040

by iForex Daily Forecast

Employment Cost Index

Similarities Between Options and Futures Trading

After spending much time explaining the differences between options trading and futures trading to beginners to derivatives trading, I think its time to touch on the similarities between options trading and futures trading. Is options trading and futures trading really that different? What are some of the similarities? Well, there are actually four main areas [...]

Introducing Broker Dealer Definition

FOREX SIGNAL 01.08.2008

Friday, 01 August 2008 - 6:00 AM GMT
EUR/USD
Trading range: 1.5540 - 1.5630
Trend: Upward
Buy at 1.5551 SL 1.5519 TP 1.5618

USD/JPY
Trading range: 107.85 - 107.05
Trend: Downward
Sell at 107.75 SL 108.07 TP 107.13

GBP/USD
Trading range: 1.9850 - 1.9750
Trend: Downward
Sell at 1.9839 SL 1.9871 TP 1.9761

USD/CHF
Trading range: 1.0505 - 1.0415
Trend: Downward
Sell at 1.0495 SL 1.0527 TP 1.0421

by iForex Daily Forecast

Introducing Broker Dealer