Forex Trading | Currency Exchange | Currency Trading | Foreign Exchange Blog » range http://www.forexbite.com/bites Wed, 20 Apr 2011 04:26:46 +0000 en hourly 1 http://wordpress.org/?v=3.1.1 What Is Range Trading http://www.forexbite.com/bites/what-is-range-trading http://www.forexbite.com/bites/what-is-range-trading#comments Thu, 23 Dec 2010 03:12:42 +0000 http://forexbite.com/bites/?p=53 What Is Range Trading post from Forex Trading Blog

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Range trading, or range-bound trading, is a trading style in which a financial product (fore example currency or stock) is watched that have either been rising off a support price or falling off a resistance price. Let’s talk in the context of forex trading. That is, every time the currency pair hits a high, it falls back to the low, and vice versa. Such a currency pair is said to be “trading in a range”, which is the opposite of trending. The range trader therefore buys the currency at or near the low price, and sells (and possibly short sells) at the high. A related approach to range trading is looking for moves outside of an established range, called a breakout (price moves up) or a breakdown (price moves down), and assume that once the range has been broken prices will continue in that direction for some time.

The same principles of range trading are equally applicable in the stock market as well as other financial markets.

What Is Range Trading post from Forex Trading Blog

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Gain Capital IPO At $9 Per Share – Lower Than Expected Valuation http://www.forexbite.com/bites/gain-capital-ipo-at-9-per-share-lower-than-expected-valutaion http://www.forexbite.com/bites/gain-capital-ipo-at-9-per-share-lower-than-expected-valutaion#comments Fri, 17 Dec 2010 20:53:20 +0000 http://forexbite.com/bites/?p=44 Gain Capital IPO At $9 Per Share – Lower Than Expected Valuation post from Forex Trading Blog

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Gain Capital, which owns one the most sought out domain names (forex.com) in the forex trading industry went public at a lower than expected price. Shares went for $9 though expected to go in the $13 to $15 range. This is the second IPO for the forex industry after FCXM a few weeks ago.

The IPO however is unlike typical reasons. A mere 407,000 shares were sold in the IPO by Gain Capital, the remaining 8.5 million shares of common stock was sold by existing shareholders who were cashing in on the exit. While most shareholders exited, Vantage Point continued to hold on to a near 30% holding in the company.

The $3.6 million raised through the IPO only cover the expenses. The company will trade under the ticker GCAP. The mood set by the first two forex IPOs is not exactly the best. Both are clearly means for investors and existing shareholders to exit. There is not much capital generated for growth opportunities or to accelerate operations.

Gain Capital is an online provider of products and service in forex and other commodities such as gold. The company has customers in 140 countries, with over 50% of the clients being outside the United States. Its total annual customer trading volume grew from $231.9 billion in 2005 to $1.2 trillion in 2009. For the nine months ended Sept. 30, Gain Capital generated $148.1 million in revenue and net income of $18.9 million.

Gain Capital IPO At $9 Per Share – Lower Than Expected Valuation post from Forex Trading Blog

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