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Image sizes: 256x256, 128x128, 48x48, 32x32, 24x24, 16x16 File formats: BMP, GIF, PNG, ICO ![]() ![]() ![]() ![]() Tags: vista desktop icons for xp, avril lavigne icons, task bar icons, word 2003 icon, opensearch iconIn trade in some contracts, for example, for eurodollars, investors, almost to a complete elimination it dominate it. At such large volumes with what the eurodollars having a face-value of contract $1 one million bargain, many it simply are not capable to compete. Requirements to the capital have exceeded ability of many it to trade in big enough prizes — usually on it hundreds contracts — on purpose to draw attention of the brokers executing orders for it of clients. The contract for eurodollars has high liquidity, but low it. For example, in one quiet morning of Monday face-to-face me -164 it: BLOOD, SWEAT AND SUCCESS TEARS It eurodollars bargained in 6-tikovom an interval, thus, that each tic cost half-point. But when on October, 15th, 1998 It has lowered rates, eurodollars have flied up, bargaining that day in 40-ti-kovom an interval as It and speculators fought for purchase It contracts. That day participants of the market were, certainly, are grateful loka-llamas of the eurodollar hole, provided necessary liquidity for management of sudden flow of orders. Who knows, how eurodollars, if not actions loka-lov highly would rise. Then there is a question: whether there should it be these at purely electronic stock exchange? Or the electronic stock exchange on which coincidence of orders on purchase and sale is provided automatically, will supersede it It would be dangerous even on seeming quiet the market of eurodollars as without enough of participants price deviations become even more strongly pronounced. I consider, the case with rate decrease shows a real value of the open and liquid market. When conditions suddenly become volatilny, durability of the market is saved at the expense of wide base of participants. When it is enough participants — including it, and speculators it becomes operated. Long it, of course, does not represent a problem for the market of eurodollars in view of it the environment of economy of the USA and relative stability of interest rates. But it is impossible to suppose that such situation will be saved always. The history learns us to one: it repeats. When I have started to trade, the gold price made $800 for ounce, inflation — about 15 percent, and short-term interest rates have reached peak at level of 21 percent. I remember that when we have sold our house in a city the Pawnshop (State of Illinois), we have received net profit $200 000 which have enclosed in the depositary certificates giving 17 percent. It has brought to us $34 000 — more than it was required to us on a covering of all expenses of our household for a year. ![]()
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