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ZenoFon, a brazil based new voip provider is offering a great voip deal. Zenofon is offering free calling credit to test their service. Initially Zenofon was offering $10 credit but now they have reduced this free calling credit to $1.25. (I guess this will be reduced further as more and more people join this new service). So, better to join it now !!

Mr. Hitesh, a regular reader of this blog first informed about Zenofon to us. Vikas also mailed about the same offer to us. You need not to have any credit card, paypal account to get this free credit. All you need to do is sign up with Zenofon and you will get your free credit worth $1.25.

The bonus credit is only through referral or Invitation. ... Read more »

Few days back Tuitalk decreased their free minutes to India, Actionvoip increased their call rates to India. But you need not to worry as we have found another good cheap deal for calling India.

YupeePhone was discussed on this blog about 6-7 months back when they started their voip service. YupeePhone offered monthly plans for calling India, Pakistan and it was a big hit. However with time the popularity faded out But YupeePhone has again picked a boom in the voip market. This time YupeePhone has come up with some amazing plans, cheapest rates, good customer support, many calling options and lots of other features.

Though YupeePhone offers some great plans for calling a lot of countries, lets first discuss the plans for India.

YupeePhone Pay as you go Plan : You can test the YupeePhone service for as low as $2 (yeah unlike betamax it does offers y ... Read more »

I am sure every regular reader of this blog must be aware of Tuitalk. Tuitalker gained much popularity only when it started offering free calls to India (though they were offering free international calls to many other countries about 40).

Tuitalk free international calls offer (specially to India was a big hit). Tuitalk, a Free Pc to Phone calling service, initially it was even offering free India to India calls but later restricted calls from other countries to India. (People of India were restricted from usin Tuitalk software). I myself used the service for a good period of time. Earlier the call duration was of 10 min (it offered 10min/day free minutes).

Tuitalk post has recently received many user comments informing us about the reduction of free minute ... Read more »

Not many voip providers are offering cheap calls to African Countries. A lot of calls are made each day to these destinations. Aim of this blog is to provide readers with the best voip deals to enable them to make cheap and free voip calls.

Rebtel, a well known voip providers (a lot of Free Pc to Phone calls readers use it) is offering some discount on calls to Ghana and Nigeria.

Rebtel is offering 30% discount on calls made to Ghana. Normal rates to call Ghana are 6.9 cents for landlines and 14.9 cents for mobiles. That means your effective calling rate would be just 4.83 for calling Ghana Landlines.

Similarly it is also offering 50% calls made to Nigeria phones. I guess these voip deals are good for those who want to make Phone to Phone calls to African Countries. Guys do check out Rebtel (offering 2.9 cents/mi ... Read more »

Candlestick Charts

A candlestick chart shows how currency pairs fluctuate in relative value over time. The x axis shows time in what ever increment a trader wants to see it. It could be minutes, hours, days or even weeks. The y axis shows the value of one base currency unit relative to the other currency in the pair. The candlestick chart below shows EUR/USD at five minute intervals over four hours.

... Read more »

Orders and Trades

Generally speaking, there are three types of Forex orders:

1. Market order – an order to buy or sell a currency

2. Limit order – an order to capture gains from advantageous market movements

... Read more »

Calculating Profit and Loss

Example 1:

Imagine the current bid/ask for EUR/USD is EUR/USD: 1.2836/39, meaning a trader can buy 1 euro for 1.2839 or sell 1 euro for 1.2836.

Suppose a trader decides that the Euro is undervalued against the US dollar and expects the value of the Euro to rise. To execute this strategy, a trader would buy Euros (simultaneously selling dollars), and then wait for the exchange rate to rise.

Therefore, the trader places the order to buy 100,000 Euros and pays 128,390 dollars (100,000 x 1.2839) for that order. Remember, at a leverage rate of 400:1, the traders deposit would be approximately $321 for this trade.

As expected, the Euro strengthens to 1.2842/44. Now, to realize the profits, the trader places an order to sell 100,000 Euros at the current rate of 1.2842, and receive 128,420 dollars for that trade.

The trader bought 100k Euros at 1.2839, paying $128,390. Then the trader sold 100k Euros at 1.2842, receiving $12 ... Read more »

FOREX Basics

"Forex" stands for foreign exchange; it is also known as FX. It is the buying and selling of currencies. Unlike stocks or futures, there is no centralized exchange for Forex. All transactions happen via phone or electronic network. Because of this, Forex is among the most liquid of trading instruments. In fact, the daily trading volume of currencies is $ 3.2 Trillion – which is more than all other world market exchange trading combined!

... Read more »