Tag Archives: FOREX trading

Former Professional Footballer Turned Trading Coach Launches New Forex Trading Video

Lee Sandford is an ex-professional UK footballer having played for teams such as Portsmouth, Stoke City and Sheffield United. These days, he generates his income through successful forex trading and teaching others how to emulate his trading triumph through the Trading College. The Trading College has released a new video where Lee shares his Traders Success Model.

Lee Sandford believes that if he can earn his living through forex trading, anyone can, “If a beginner trader can recognise and learn the market patterns that repeat themselves and put on the trade, they really can create additional monthly income for themselves with little effort. It’s all about becoming the master of your tools.”

Lee is the founder of Trading College, having 17 years of forex trading experience under his belt. “I was getting calls from my friends asking me to teach them how to trade or to watch me trade. Then it became friends of friends, and it really grew from there until there was such a high demand that I put on a group course.” explains Lee, “Now we hold regular group courses and our aim is to be the best company in the UK market place for customer service, quality and price.”

When Lee left the world of professional football and threw himself into mastering the trading markets, he quickly found that there were hardly any in depth and high quality courses available. “I ended up going to the Chicago Board of Trade and participated in the grains trading pit. It was an experience!” says Lee. Once the Traders College had been established, Lee was keen to avoid becoming just another insufficient trading course as he’d experience before. “The Trading College’s mission is to constantly monitor and improve our services. Our customers are at the heart of our business so we want to create a dynamic and reward experience for all of our students.”

All courses run by the Trading College are taught by professional and experienced traders, including Lee, “As we make our living through trading, myself and the other trading coaches know the real day-to-day challenges that our students will face. That’s why we’re the best people to teach them about every eventuality.” Trading College is open to traders of all levels, even if they’ve just started out. They teach via group courses, support webinars and offer IT support to all of their members.

“With my forex trading strategies, students can really earn some great extra income, or even become a full time trader. One of my clients earned over £100,000 in one year using the tactics I’d taught her.” says Lee.

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Saxo Bank Releases New Video Commenting On Eurozone Crisis

Saxo Bank has released a macro view video featuring Steen Jakobsen, Chief Economist, analysing the situation for the Eurozone in light of heads rolling in the hot political seats of troubled nations, namely Greece and Italy. It goes without saying that despite the impending appointment of new heads of state the burdens in these nations are so heavy now that they can hardly be shrugged off.

Clean-up in both countries is a major task. While Greece is in the bailout phase and is undergoing a leadership change, the main focus is on Italy now which still has a chance to save itself. And it must as there is hardly a hand large enough to help the Eurozone’s third-largest economy. With the situation worsening by the hour though and the markets having clearly demonstrated a looming doomsday, with perilously high bond yield spreads, prompt action must be taken.

The problem in Italy is one of liquidity not solvency, unlike Greece, though it seems the difference hardly matters now in the eyes of investors. It is interesting to note that it only took Portugal, Greece and Ireland 14 days to ask the International Monetary Fund for help after their 10-year bond yield spread to German bunds passed 6.5 per cent, said Steen. Italy’s has been above 7 per cent for a few days now. So the pressure is definitely on Italy’s politicians in charge – whoever they might be – to activate reforms, move through austerity and create a credible plan. Until then the EURUSD is expected to remain under considerable pressure.

The full video, as well as other forex videos, can be found at video.saxobank.com.

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Saxo Bank Releases New Video Commenting On Eurozone Meetings And Greek Referendum

Saxo Bank has released a new macro view video featuring Steen Jakobsen, Chief Economist, Saxo Bank, taking a look at the expectations for three key meetings this week: the Federal Open Market Committee, the European Central Bank and the Group of 20 leaders. He also addresses the implications of Greece’s surprise referendum on its aid package and austerity programme.

Jakobsen commented that the G-20 meeting (November 3-4) needs to deliver actions rather than more supportive talk for the troubled Eurozone. Focus will be on the announcement of concrete financial measures of commitment via the International Monetary Fund in order to appease the prevailing uncertainty.

This uncertainty was exacerbated by Greece’s call for a referendum on its new aid package and austerity measures, thereby possibly threatening European leaders’ attempts last week to secure the Eurozone’s future.

Prior to G-20 the Federal Open Market Committee meets. Despite a spate of moderately encouraging US data of late the committee is expected to merely confirm a supportive wait and see approach and possibly only allude to a third round of Quantitative Easing.

The European Central Bank meeting, also this week, which is the first to be chaired by the new President Mario Draghi will be interesting to watch to see if he already now cuts rates and thereby reverses the apparent error of his predecessor.

Jakobsen commented that being Italian and with much focus on his troubled homeland, there is an expectation that Draghi will be even tougher on ensuring that Italy shapes up, particularly considering a disappointing bond auction last week which indicates the increasing problem Italy has in financing its debt.

The full video, as well as other forex videos, can be found at video.saxobank.com.

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ForexTrading.net Releases New Videographic on the Forex Market

ForexTrading.net, a new online forex magazine is aiming to keep users updated with all the latest happenings in the world of forex trading, through a videographic that has been published on the site.

The new videographic will give users of the site an overview of the forex trading market, and can even be embedded into users’ personal websites or blogs where it can be shared with other interested internet users.

Recent years have seen a number of changes in the forex trading market; not only has the number of people who trade in this manner shot up, but the way in which trading occurs is constantly evolving as well. For instance, in 2010 alone, cross-border trading transactions constituted 65% of trading activity. This implies the power of technology and its effects on the forex market.There has also been a rapidly growing disparity in algorithmic trading versus manual trading. In 2004, algorithmic trading only ranked at 2% of all trades, however in 2010 it comprised 45% of the trading share. Similarly the global foreign exchange market turnover was 20% higher in April 2010 than in 2007, with average daily turnover of 4 trillion USD compared to 3.3 trillion USD. As such, it’s very important for forex traders and internet users who follow the market to keep updated, and ForexTrading.net videographics will allow users to learn about forex in a manner that’s informative yet fun, and share their findings as well.

Nanna Arnadottir, editor at ForexTrading.net said: “The forex trading industry has some great news and commentary sites, but it can be a bit starved of interesting blogs with real quality content. That’s what we’re aiming for with ForexTrading.net, that and a bit of personality, which I think the videographic really provides.

It’s a fun way to take in a lot of facts and you can share it or post it on your own blog, so everyone is a winner.”

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TradingFloor.com Releases New Video Commenting On Eurozone Crisis

TradingFloor.com has released a new video featuring Steen Jakobsen, chief economist at Saxo Bank, warning that solutions to the Eurozone debt problems need to be found before the Cannes G-20 Summit in November.

The new video highlights the sense of urgency for a solution to Eurozone problems, which has increased with market reaction clearly indicating intolerance with the current pace of progress, especially of late concerning the ratification of the 21 July changes to the European Financial Stability Facility and a solution for Greece.

Jakobsen mentions that there are some significant steps to take these days like key Eurozone member votes on EFSF ratification. Despite previously strong opposition to further rescue measures for troubled Eurozone members, anything but ratification is unlikely, says Steen. The Slovenian and German parliament has already given its thumbs up with Finland and Austria expected to follow suit by the end of the week. Though once approved by all member states this supposed knight in shining armour will not be able to ride easily to the rescue of failing nations. Unanimous (not majority) votes are required for decisions – like expansions of the facility – to be passed.

Meanwhile, talk about the concept of a European Investment Bank leveraging on the EFSF to ring-fence European banks from any fallout from the EU debt crisis, is hardly seen as a band aid but rather a ploy which will hardly solve anything, according to Steen.

Steen likens Greece’s attempts at new austerity packages as an attempt to save the troubled nation at the goal line. With 99 per cent probability of default then talk of saving Greece is actually quite comical, he says. Meanwhile, austerity fatigue is apparent as evidenced by more strikes across Athens. Ultimately Greece needs debt forgiveness and a clean slate but a free-ticket to safety would hardly go down well with other troubled Eurozone nations. Nevertheless, Greece has become kind of a scapegoat due to increased talk of contagion (which is not an economic concept but rather a policymakers’ excuse for not doing what needs to be done domestically). Contagion or not, it doesn’t change the fact that there is no way out for Greece other than default, concluded Steen.

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TradingFloor.com Releases Video On The Federal Open Market Committee Meeting

TradingFloor.com, the home of Saxo Bank’s trading commentary, financial research and analysis, has released a video discussing the Federal Open Market Committee meeting (FOCM).

With the deterioration in the US economic outlook being further cemented by recent disappointing macro data, there is now mounting expectation that the Federal Reserve will once again come to the rescue and kick-start the world’s largest economy. Therefore, all eyes are set to be on the latest Federal Open Market Committee meeting and what will or won’t be decided in terms on new monetary stimulus.

The latest FOCM meeting has been extended to a two day meeting to allow for further discussions. The last meeting saw an extension of low rates until 2013, and Steen Jakobsen, chief economist at Saxo Bank, believes that the next step will be an Operation Twist Light.

Back in the 60s, The Operation Twist, meant that people sold short term bonds and bought long term bonds, which was seen as a twist, hence the name. This time this will not be possible, because the rates have already been lowered. This means only the long end part of the equation will be executed, with long term bonds being bought. However, Steen doesn’t think this will be a lot for the market in the long term.

This alone is not going to be enough to turn it around. Steen believes that the market always likes to be promised something new, which means President Obama will need to balance the delivery of the Operation Twist Light and throw in something new as well.

Steen also comments that the situation in Europe will have an effect on the timing of any announcements from the US. While it is clear that the US realise the situation in Europe is not good for the US, Steen believes that the Federal Reserve will ultimately do what is the best for the US.

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TradingFloor.com Releases Video on Meeting of Global Central Bankers

TradingFloor.com, the home of Saxo Bank’s trading commentary, financial research and analysis, has released a video discussing the important meeting of a number of global central bankers at Jackson Hole in the U.S.

The state of the economy and the more active role of central banks to help rectify this means that investors are keenly interested in the fact that a number of global central bankers are meeting in Jackson Hole. There is also a lot of interest in what Federal Reserve Chairman Ben Bernanke will or won’t say when he addresses the meeting in a press conference.

Steen Jakobsen, chief economist, Saxo Bank, discusses his views on the market expectations and what the likely outcome of this meeting will be in TradingFloor.com’s latest video ‘Constructive Jackson Hole solution or more of the same?’

Last year, during the same meeting in a mountainside retreat, Ben Bernanke surprised everyone by announcing a second round of Quantitative Easing. With concerns about a double dip recession rising, people are expecting a big announcement this time around too. Steen Jakobsen believes that the main objective of Bernanke’s press conference will be to avoid “Japanisation”, which is a deflationary environment with low growth and low interest rates through more of the same monetary policy.

Recent data also suggests that the U.S. economy is going to need some sort of help in the form on intervention in the fourth quarter. Steen believes that even though quarter two was a failure, Bernanke will continue to defend the easing concept, despite his reputation is on the line. Bernanke is expected to claim that without the easing concept, the situation would have probably ended up being much worse.

A press conference by Jean-Claude Trichet the European Central Bank President, will follow that of Bernanke. He is also expected to defend the bank’s previous actions in raising rates, despite receiving heavy criticism that this was out of sync with the rest of Europe.

Steen states that the hope is that Trichet will now come up with some real solutions for the Eurozone’s economic problems. This should hopefully mean the Eurozone will lean more towards solidarity and consolidation, thus getting rid of the pointless political battles which have been making the problems worse.

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TradingFloor.com Releases Video On The Swiss Franc Dilemma

TradingFloor.com, the home of Saxo Bank’s trading commentary, financial research and analysis, has released a video discussing the current dilemma involving the Swiss Franc.

The Swiss Franc has appreciated of late, and therefore so has the focus of what the Swiss Bank and the Swiss government will do to curb this strength, as it is hurting businesses and therefore the Swiss economy.

One of the steps which have been discussed the most is a peg to the Euro; however this is yet to happen, despite much speculation. With the attempts to weaken the currency’s strength possibly only providing temporary relief, it is seen as only a matter of time before more extreme measures, such as a peg to the Euro, are taken.

Ken Veksler, senior manager, Trading Advisory at Saxo Bank discusses his opinions on the likelihood of a peg to the Euro and the effect the Swiss Franc dilemma is having on the Swiss economy.

Veksler believes that a peg to the Euro is an extreme measure, and the likelihood of that happening is fairly minimal. There was a successful attempt made in 1978, where the Swiss Franc was pegged to the German Deutschmark for around 18 months, however, Veksler thinks it will be unlikely that this extreme measure will be taken again, even though the scare in the market in recent days and weeks has made it more of a serious topic than previously thought.

The Swiss government would be unhappy to put a peg to the Euro in place because it would mean a loss of its position as an independent state within a wider UN zone, which they have prided themselves on for quite some time.

Veksler believes that if the peg did come into place the Swiss Bank would have to revert to printing money to allow themselves adequate reserves to put this sort of action into place. However, this is more of a band aid for the problem rather than a full term solution.

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TradingFloor.com Releases Video on Margin Pressure

TradingFloor.com, the home of Saxo Bank’s trading commentary, financial research and analysis, has released a video discussing the first quarter earnings wrap and specifically what happened to margin pressure.

It seems margin pressure hardly emerged and that its effects (on the back of higher commodities), especially for consumer driven companies, will instead first kick in later in the year. The underlying momentum for stocks remains strong. Pro-cyclical companies, in particular, posted good results largely driven by emerging markets), and this was confirmed in their earnings outlooks for more growth ahead – which is good news for stocks and the overall economy. Peter Garny, equity strategist for Saxo Bank discusses these issues in TradingFloor.com’s latest video.

With the larger companies in the S&P 500 in mind Peter discusses how many investors at the beginning of the earnings season were talking about a margin squeeze. In actual fact margins have actually expanded slightly in April, as well as year on year. So, margin pressure is by and large not evident yet, and the only disappointment lay on the top line in terms of revenue, which has slowed down somewhat. However, Peter is hopeful that this will grow again as the economy continues to grow throughout the year.

Peter then tackles how companies have dealt with the pressure of rising input costs. He commented that many of the large companies still have tight controls in place, meaning they have managed to keep their operating costs low. Most companies are also operating with long term contracts, which mean that rising spot prices in commodities are yet to kick in.

To finish, Peter talks about how large shipping companies and steel makers have recently reported better than expected earnings and growth, and what can be deduced from this in terms of economic growth. The numbers from these big procyclical companies, combined with the better than expected GDP numbers from the Eurozone show that the underlying momentum in the economy and on the corporate side is strong. However, as there is no great pick up in either Europe or the U.S., the emerging markets are clearly driving these numbers. This is a good sign for economic recovery, because when big companies affirm their outlooks for 2011, it generally means it should be a good year for stocks.

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Reliable Forex Signal Service

After almost 3 years of trading, development and back-testing, Reliable Solutions is proud to announce the launch of the Reliable FX Signals subscription service.

For the first time ever, Reliable Solutions introducing “Automated Trading System” in Forex industry. By this service, subscribers need not to wait for email or SMS to receive trade signals. Instead of that all the trade signals will automatically executed on subscribers Metatrader 4 account. All subscriber need to do is to check increasing balance daily.

Each day, Reliable FX Signal subscribers will be sent at least 1 trading signal a day. If subscribers PC and Internet are online then that trade will be executed automatically and it will also set take profit, stop loss levels at the time of execution. Reliable FX Signal will also manage risk of subscribers account. We also offer 100% money back guarantee to our subscribers. It means, at the end of the month if subscribers account balance stays below of beginning balance then we will give 100% subscription charges back to subscriber. Development of own profitable, stable, viable trading system may take several years. Normally, this process faces some dangers. Plus add to that the fact that you are going to make some big mistakes on your way which means that you will lose lots of money. Often, these mistakes devastate the account, and injure the incentives of the beginner so much, that he gives up his work with Forex and makes no further tries. Our signals will help you avoid this huge mistake.

Our experienced and professional traders strive to identify the market current trend (short or long) ¬ so you can reap the benefits and make money constantly. We hope that you will take full advantage of all we have to offer in our website.

For more information about the signal subscription service, Reliable FX Signals, you can go to the company website at http://www.reliablefxsignals.com.

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Saxo Bank Video Looks at Post-quake Japanese Investment Opportunities

Saxo Bank has released a new Equity Focus video featuring the company’s Equity Strategist Peter Garnry. The video looks at what the possible implications for investors interested in the Japanese stock market are in the short and long-term, with the total impact and cost of the massive earthquake in Japan, related tsunamis and nuclear crisis still unclear. The Bank of Japan has introduced a series of policy easing measures but there is still doubt that this will be enough to create market stability in the Japanese stock market.

Comparing Japan’s current situation to the state of the country’s market following the huge earthquake which occurred in the city of Kobe in 1995, Peter Garnry commented that the stock market remained steady in the days following that disaster but people underestimated its effects and within four months the market had fallen by 25%. When asked whether this was due to the Kobe earthquake hitting a large industrial area of Japan rather than the coastal areas devastated by the recent quake (although some car manufacturing and electronics plants were forced to stop production) Garnry replied that the effect on the market will only be known in the coming months. He also stated that the aftermath of the earthquake could be a great opportunity for many investors to be exposed to Japanese stocks and subsequently invest in them.

With the current disaster coming on top of an already exorbitant national debt status there are increased concerns that the Japanese economy could be pushed back into recession. Meanwhile, major Japanese exporters are being hurt by forced shutdowns due to power shortages, while the yen, at least for now, is supported by the Bank of Japan’s massive liquidity injection into the banking system. As it’s still early days there’s a chance that just a few months down the road the impact on Japan’s economy and currency might be somewhat different and this could result in some interesting investment opportunities in large Japanese export driven stocks.

About Saxo Bank:
Saxo Bank is an online trading and investment specialist, enabling clients to trade Forex, CFDs, Stocks, Futures, Options and other derivatives, as well as providing portfolio management via SaxoWebTrader and SaxoTrader, the leading online forex trading platforms. The three specialised and fully integrated trading platforms; the browser-based SaxoWebTrader, the downloadable SaxoTrader and the SaxoMobileTrader application are available in over 20 languages. The Saxo Bank website features a wealth of investment advice, trading products, market news and analysis, including forex videos.

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TradingFloor.com Releases Video On European Growth

TradingFloor.com, the home of Saxo Bank’s trading commentary, financial research and analysis, has released a video discussing the current European growth.

The European growth situation is particularly in focus, with quite a bit of key macro data being published which is expected to confirm the ‘growth story’. In the video Mads Koefoed, macro strategist at Saxo Bank’s TradingFloor.com discusses the growth in Europe and in the U.S.

Mads first discusses Eurozone industrial production in addition to the Eurozone and some individual members’ GDP reports. The industrial production numbers of -0.1% were a little below consensus expectations but above TradingFloor.com’s expectations of -0.4%. Even though the numbers had declined, the manufacturing sector is still growing strongly in the Eurozone. The declining numbers are thought to be attributed to the very strong November numbers, which saw industrial production rising 1.4% month on month, so some give back is it to be expected in December’s numbers. The very poor weather in December will also have had some affect on production numbers. Mads expects the numbers to improve for January.

The overall GDP reports were also fairly good and what was expected. Countries like Spain performed better than expected with a result of 2% up. With Germany continuing to drive the Eurozone, Mads predicts a fairly robust growth in the Eurozone in the fourth quarter.

Furthermore, also in focus is a meeting of Europe’s Finance Ministers and any indications of increasing the debt stability of southern Eurozone members. While Mads does not foresee much news coming out of the event, he does foresee them discussing the Germany and France proposal to put in place a measure against debt increase to hopefully ensure a more harmonized corporate tax system in the Eurozone, despite other leaders not being completely behind this.

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Saxo Bank Launches New Suite Of Free Forex Widgets

Saxo Bank, the specialist in online trading and investment, is launching a new Forex Content Sharing Program, with a suite of freshly-designed Forex widgets that bring real-time FX prices, charts and commentary, to any website or blog.

Saxo Bank Launches New Suite Of Free Forex Widgets

Forex Trading widgets are ‘mini web pages’ which add live, continually updating FX content to a website. Seven customisable web widgets, including a Forex Quote List, Currency Converter, Forex Ticker, real-time Forex Chart, Economic Calendar, Price Alert and Market Call videos, are now available to webmasters and bloggers who register as Content Sharing Partners. Each widget is based on Flash components, making it simple to add them to any platform, including Facebook, WordPress and Blogger.

“Widgets are becoming increasingly popular as internet tools. Ours allow users to add live Forex content to any website, whether it’s a financial site, an FX trading blog or a travel site offering its customers real-time currency conversions,” said Adrian Coxon, Saxo Bank’s head of Online Marketing.”With our Content Sharing Program, Saxo Bank is making it easier than ever for a variety of websites to add Forex information that will be relevant and useful to their visitors.”

“All of our widgets have been re-designed for today’s blogs and websites,” Coxon added, “And we’re particularly excited to be adding streaming video with Market Call, which delivers video updates from Saxo Bank’s renowned Forex analysts directly to our Partner’s websites.”

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Saxo Bank Launches Forex Education Programme On Facebook

Saxo Bank has announced the addition of a Forex Trading Education tab to its Saxo Forex fan page on Facebook, allowing traders of all experience levels to enhance their Forex trading knowledge and gain new insights into the psychology of trading.

Facebook has over 400 million users worldwide, and a growing number of companies are moving to the platform to educate and communicate with customers. The Saxo Forex Facebook page has seen a rapid growth in number of ‘fans’, Facebook’s term for users who show interest in the company and automatically receive all updates of the page. Since its launch in February the page has attracted over 5,500 fans, a large percentage of whom read new posts and follow discussions on a daily basis. The page enables users to participate in Forex trading discussions and stay informed of upcoming events, such as seminars.

Many Facebook users with little trading background discovered the page as well, and asked for ways to improve their Forex Trading knowledge. Saxo Bank formulated an education application that is useful for traders of all experience levels. The programme consists of beginner, intermediate, advanced and expert sections. The application will soon be recieving an update, giving visitors the opportunity to test their knowledge beforehand in order to help them decide at which level to start learning. The update will also give users the option to post their progress in the education section on their wall, which will be visible to this person’s contacts.

Educating clients has always been one of Saxo Bank’s strengths. TradeMentor, its existing education programme, offers online and offline course materials on both Forex Trading and CFD Trading and the company aims to reach a broader audience with the Facebook application, giving users the opportunity to discuss the topics with other traders.

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Saxo Bank Launches New Video Channel For Forex And Equity Programmes

Saxo Bank, the specialist in online trading and investment, is launching a new one-stop video site for its market commentary, interviews and educational programmes.

Saxo Bank Launches New Video Channel For Forex And Equity Programmes

The Bank produces many hours of financial news and analysis from its own state-of-the-art studio at its head office in Copenhagen, Denmark. The studio is in daily use by Saxo Bank’s team of analysts providing comments to international and local TV stations such as CNBC and Bloomberg.

Videos for Saxo Bank’s websites have been hosted by Saxo Bank using third-party servers and are shown on several websites within Saxo Bank and sharing sites such as YouTube. The new video site uses a web-TV platform from 23Video, a Danish web start-up.

“Video is becoming increasingly important as a way of reaching investors with commentary on the markets and educational programmes for traders that are new to online markets,” said Dinis Guarda, Global Head of SEO and Social Media Strategy at Saxo.

“We have been running a weekly Forex and equities update since May last year and have produced around 250 trading strategy videos featuring interviews with Saxo Bank’s analysts for the www.tradingfloor.com website,” he added.

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Traders Advisory DMCC – A Specialize FX Firm Announces Its Opening

On April 18, 2010, Traders Advisory DMCC will start its business activities. Traders Advisory is based in Dubai, UAE and licensed and registered as a free zone company under the rules and regulation of Dubai Multi Commodities Center Authority; it centers its activities on the financial market specifically the FX market by providing alternative forecast and technical analysis of the currency market to traders. It will also offer FOREX training course in Dubai for starters who want to learn how to trade the currency market effectively.

Traders Advisory DMCC - A Specialize FX Firm Announces Its Opening

“Now a day, almost everyone is in to trading the financial market online, and almost all retail traders are in pursuit of finding the solution on how to make their trading easy and profitable. We are providing solutions; our specialized services will help FX traders”, said Mr. Monirul Quazi, Managing Director of the company.

As a trader, either full time or part time, doing all the hard work and research could be very exhausting. Traders Advisory DMCC can offer solution to make trading the currency market less stress and profitable. By simply acquiring to the company’s specialize technical analysis service, members are now leveraging with the company’s vast resources including its team of experts.

The list of services of Traders Advisory DMCC will be available in their website advisoryfx.com beginning on April 18, 2010. For the time being, you can visit advisoryfx.info to sign up for their Special Opening Promo of 30 days FREE access to their website.

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Saxo Bank On Track With Sound Results For 2009

Saxo Bank, the online trading and investment specialist, has announced that it has received sound and steady results for 2009 and achieved a positive emergence from the financial crisis.

Business picked up during the second half of 2009 after a relatively slow beginning to the year. Operating income for the year was DKK 2,228 million compared to DKK 2,518 million in 2008. Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) was DKK 441 million while net profit was DKK 201 million with 80% earned in the second half of the year.

As of 31 December 2009, the solvency ratio was 19%. The Bank’s Internal Capital Adequacy Assessment (ICAAP) process showed a minimum capital requirement of 8%.

The founders and CEOs of Saxo Bank, Kim Fournais and Lars Seier Christensen, said in a joint statement:

“Saxo Bank is a trading, investment and savings specialist not engaged in traditional lending activities and not dependant on traditional loan financing business. That has worked to our advantage in what was a very difficult year for everyone. Saxo Bank’s business model has shown some resilience to the financial crisis and we are satisfied with the results.

“2009 was a year of geographical expansion and establishing new business areas. We opened five new offices and our Asset Management business grew significantly. The new Saxo Equity Platform, which was launched in March 2010, sets the stage for a year, which will be characterised by new products and platform developments. Even though such investments have no or limited impact on income in the short run, we believe it is the right time to take advantage of the many opportunities available to take the Bank to the next level.”

The value of clients’ collateral deposits related to the trading business increased more than 70% to DKK 15 billion as of 31 December 2009. On 1 April 2010 it was more than DKK 17 billion.

In 2009, Saxo Asset Management was launched to cater for the top segment of High-Net-Worth Investors. The new business area is the combined concept of three asset management businesses acquired in 2009. The asset management activities of the Bank now include expertise within Danish bonds, Nordic Stocks, high-yield and emerging market bonds. The acquired companies, Sirius, Capital Four and the 51% stake in Global Evolution, grew assets under management organically from approximately DKK 10 DKK billion at the time of acquisition to more than DKK 20 billion as of 31 December 2009. On 1 April 2010 it had grown another 25% to DKK 25 billion.

Saxo Bank is a Forex, CFDs and Futures trading specialist and has no engagement in traditional lending activities. However, in response to the instability and lack of confidence in the financial markets, Saxo Bank chose to join the Danish state’s Guarantee Scheme (Private Contingency Association). On 24 March 2010, a majority in the Danish Parliament agreed on a new guarantee scheme, which would bring deposit guarantees into line with European Union rules. The new guarantee scheme is set to take effect from 1 October 2010. All Danish banks are covered by the scheme.

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Knowledge To Action Stock Market Seminars Supply International Demand

Knowledge to Action, Europe’s largest trader coaching company, is expanding to offer its forex trading seminars in Singapore, Australia and New Zealand. This follows greatly increased demand for these events, at which attendees gain valuable insights into becoming successful private traders on the foreign exchange markets.

Knowledge To Action Stock Market Seminars Supply International Demand

Knowledge to Action originally started running stock market training in 2004 and launched its forex training courses in 2008. Knowledge to Action previously only held seminars in the UK, which houses its Trader Centre of Excellence and one of London’s most successful private trading floors.

After speaking to sell out Australian audiences in 2009, Knowledge to Action is officially launching an office in Australia this month. This offers more opportunities for private individuals to benefit from Knowledge to Action’s strategies and systems for gaining financial independence through stock market and forex trading. People living in Australasia can now benefit from these training events.

The company was set up by Greg Secker, who spent years working across foreign exchange trading floors in Europe and the US. He set up Knowledge to Action in 2003 in his home and soon expanded, offering stock market courses from 2004. The company has grown and developed explosively in the period since then, so that it is now the number one trader coaching company in Europe, and is on track to expand into the United States in the second half of 2010.

This growth over a period of just a few years is testimony to the effectiveness of Knowledge to Action’s award-winning forex training and stock market training courses, which are run from its London Headquarters. The success of this training was recognised recently by the company winning a place as a regional finalist in the 2009 National Business Awards.

About Knowledge to Action
Knowledge to Action, founded by Greg Secker, is the home of the award-winning Traders University® programme, and Europe’s number one trader coaching company.  Its stock market course has launched many private traders on the path to financial independence since 2004.

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Saxo Bank Launches Property Investment Products

Saxo Bank, the online trading and investment specialist, will now offer property investment products for both private clients and institutional investors through a new company, Saxo Properties.

Saxo Bank Launches Property Investment Products

The newly formed investment firm Saxo Properties, fully owned by Saxo Bank, will launch closed-ended funds for both high net worth clients and institutional investors. Two of the Danish real estate industry’s most well-known individuals, Jesper Damborg and Claus Klostermann, will respectively become CEO and managing director of investments at Saxo Properties.

“Initially, Saxo Properties will focus on handpicked Copenhagen residential, office and retail properties. The first fund will close within the next three months, but we intend to establish a number of funds with a significant ownership capital of at least DKK 250 million,” said Jesper Damborg.

Saxo Bank’s business model is often described as a facilitator model where the bank through its trading platforms offers liquidity, products and services to clients as obtained from other financial institutions. Saxo Properties will use the same model. Saxo Bank has hired Flemming Schandorff, the former COO of ISS, one of the world’s largest commercial providers of facility services, to a similar position at Saxo Properties to facilitate administration of the estates.

“First and foremost, Saxo Properties will prioritize achieving attractive market returns, but we will also focus on how to capitalize on tight cost control and good management, such as rebuilding, mixed lease and general maintenance,” said Jesper Damborg.

Saxo Bank’s CEOs and founders, Kim Fournais and Lars Seier Christensen, said in a joint statement: “Saxo Bank holds asset under management of DKK 40 billion, and our focus on asset management has proved a great success. Many clients have asked for property investment products and there is also a clear synergy between Saxo Asset Management and Saxo Properties, which we can now utilize. Many properties are traded at a low price especially in Copenhagen, so the timing is right to expand our asset management to include property investment products.”

Last year, Saxo Bank bought Sirius Asset Management, Capital Four and 51 percent of Global Evolution. The three companies now form Saxo Asset Management, which has management expertise for Danish bonds, Danish equities, corporate bonds and emerging market bonds.

Via EPR Network
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Agricote And Saxo Banque France Partner

Saxo Banque France, the online investment and trading specialist, has announced an exclusive partnership with Agricote, the agricultural broker, allowing farmers to manage their selling prices and negotiate agricultural or commodity futures and CFDS online using the award winning SaxoTrader platform.

The partnership with Agricote reflects the evolution of the agricultural industry, and the reality that a new generation of farmers want to control their production and sales, using futures to hedge their output and manage risk. Using SaxoTrader, the partnership enables both producers and buyers to manage market volatility and trade agricultural futures and CFDs online 24 hours a day, with access to 23 stock exchanges.

Commenting on the partnership, Pierre de Perthuis, co-founding partner of Agricote, said: “Our partnership with Saxo Banque will enable farmers to move forward and manage their own production and sales. Farmers no longer want to suffer from the pressures imposed by a volatile market, and seeing farmers taking positions on an online future trading platform is an innovative step forward for the industry. We are very proud to support these pioneers. Farmers are now able to control their destiny”.

Pierre-Antoine Dusoulier, CEO of Saxo Banque France added: “We are pleased to partner with Agricote and acknowledge that the agricultural industry is changing and needs strong support. Agricote was looking for a trusted partner and we met its requirements: Saxo Banque is a perennial French Bank and we have a highly efficient online trading platform and services for fast deployment.”

Main characteristics of the partnership:
– Privileged access to International Futures Markets
– Ability to adopt and implement own marketing strategy
– An appropriate account with user profile
– Trading account access via PC, website or cell phone
– Personalized assistance by Agricote
– A free demo account for 20 days

Farmers will be able to access their online trading platform via a dedicated page on the Agricote website.

Via EPR Network
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