Washington, D.C., United States (AHN) – Shares of Chinese Internet stocks took a nose-dive in value in New York trading after an announcement of a potential fraud investigation of some Chinese firms by the United States Justice Department.

Justice Department official Robert Khuzami, director of enforcement at the US financial services regulator, announced he was considering launching a fraud investigation. He said it was because of accounting irregularities at several Chinese firms with shares that trade publicly in the U.S.

Khuzami did not disclose the identities of the Chinese companies or auditors whom the Justice Department is considering investigating. In addition, he said that other parts of the Justice Department were actively involved, but did not name them.

News of potential investigation was disclosed by Chinese Internet firm Youku, which models itself on web video firm YouTube.

Shares of Youku plunged by 18 percent in trading. Several other Chinese Internet companies also saw share prices fall with the messaging firm Sina dropping 9.5 percent while search engine Baidu and rival Sohu slipped 9 percent and 5.3 percent respectively.

This is not the first time that accounting procedures at a Chinese company have raised red flags.

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COMMODITIES giant Glencore yesterday endured a muted start to life as a £36.7billion -public company amid growing concerns over its size, complexity, lack of transparency, high risk and remuneration.

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If you use an online money site, in addition to learning all about Forex trading, you can even learn how to make money when you use FX trading. Spot Forex and other options will enable you to not only learn the basics when it comes to Forex trading, which is trading on the foreign exchange using currency trading, but also teach you how you can do this in a day trading aspect that will enable you to make money in this market that is virtually going all of the time. When you want to get the best knowledge for Forex trading, the place to go is to an online site that will explain the basics of FX trading as well as recommend software that you can use to enable you to expedite your forex trading so that you can make more money.

Forex trading is relatively new. You can trade all types of currency when you are in the Forex market. You generally are trading currency pairs against one another when you use FX trading. Spot FX or Spot Forex are software options that will enable you to set up your trades so that you do not have to be at the computer for twenty four hours a day. While there is money to be made when you are FX trading, you have to be on the computer and watching the currency fluctuations with regard to their value in order to be good at this sort of day trading so that you can make some money. Most people do not have the time to do this and want to set things up so that they can have automatic trades. You will be able to make automatic trades when you use Spot FX for your computer system.

Once you set up the software that will enable you to trade automatically when the currency values get to the point where you want them, you can make money day trading in the Forex market. Forex trading goes on around the clock as it relies on the exchange markets throughout the world. There is a little down time on Sunday evenings, but for the most part, the FX trading market is open all of the time. It is therefore impossible to take all the advantage that you can when it comes to making money with FX trading without using some sort of software to help you out.

You can go online and take a look at the software that is used for Forex trading as well as services that you need to get you into forex, such as broker services. When you want to make the most money with FX trading, then you want to pay the least amount to brokers. You can do this when you take a look around at the various brokers that can get you into Forex trading and make it easier for you to obtain this service as well as make money in the market. You should compare them to one another so that you can get the best rate for service as well as the best options when it comes to FX trading online.

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Trade Your Way into Riches: Technical Analysis and Day Trading

State-owned Chinese oil company CNOOC will pay $2.2 billion for a stake in South Texas properties that eventually could produce up to half a million barrels a day of oil equivalent.

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Day Trading Into the Millennium

Edible oil producer Puri Oil Mills Ltd (POML) has ventured into hydro-power generation, investing Rs.160 crore to set up five plants with a total capacity of 25 MW.

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There are many ways to trade the forex market and forex day trading is one of them. Although it is gaining popularity, forex day trading or forex scalping as it is more commonly called, is one of the more risky way to trade the currency market. It is a high paced game and requires a different skill set as compared to other forms of forex investments.

If you’re the type who likes the excitement and high adrenalin game of trading, forex day trading could be the one for you. It may even be more profitable than long term forex trading. This is because you can do more trades per day and assuming you are able to consistently make some profits from most of the trades, your profitability can actually be higher than that of long term traders.

Another advantage of day trading is you do not have to worry about holding the trades overnight. You will close all your trades at the end of each day and if something happens that will affect the currency of certain country over the weekends, you can still sleep in peace. On the other hand, the long term forex investor will be pouring cold sweat while waiting for the forex market to open.

Having said that, I must emphasize that forex day trading is not a bed of roses. It is a fact that more than 80% of forex day traders end up losing money. One of the reason is due to the high risk involved. Another is these traders are in the market to make quick buck and did not make an effort to do the necessary forex training to be a successful day trader.

In additoin, many of the day traders are trading on borrowed money. They have high leverage against their trading account. If they risk too much on one trade and if the trade went awry, it could potentially wipe out all their previous gains and they could end up in massive debt. The risk can be minimized if a day trader put in effort to master the skills of forex day trading.

If you are keen on day trading, you can try it out, but do it with care. There are many successful day traders who take the time and effort to create a successful forex trading system that is able to make them consistent profits day in and day out. If you find that you do not have the time and energy for day trading, you should explore other forms of forex trading that suits you as there is plenty of money to be made in the currency market.