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The first quarter, the company cut down the attributable production to be approximately 798 thousands ounces, from its previous guidance of 820 thousands ounces. However, it expects the cash costs to be in line with its earlier guidance of approximately R154,000/kg or US$618/oz. Notional Cash Expenditure or NCE, which includes all operating costs as well as sustaining and project capital, is expected to be approximately 6% better than previous guidance, at R227,000 /kg or US$910/oz. The first-quarter, gold production in South Africa operation is expected to be up by 2% with approximately 492 thousand ounces. The cash cost is expected to be R154,000/kg or US$618/oz, compared to a previous guidance of R157,000/kg or US$610/oz. The NCE for the South Africa operation is down to R213,000/kg or US$857/oz, from a previous guidance of R221,000/kg or US$860/oz. For the international operations, the company expects the first-quarter gold production to be approximately 306 thousand equivalent ounces. The cash costs and NCE for the international operations are expected to be approximately US$616/oz and US$983/oz respectively, compared with the previous guidance of US$570/oz and US$1,060/oz. CEO, Nick Holland said that despite the rehabilitation work in South Africa and international growth projects scheduled for completion, the company is in line to achieve the short term target of a run rate of approximately 1 million attributable equivalent ounces of gold, during the third quarter next year, at an NCE of approximately US$725/oz at R/US$8.00. Thursday, the stock closed at $8.31 on the New York Stock Exchange. Reported Date : may 18 2009.

The world's most traded market, trading 24 hours a day

With average daily turnover of US$3.2 trillion, forex is the most traded market in the world.A true 24-hour market from Sunday 5 PM ET to Friday 5 PM ET, forex trading begins in Sydney, and moves around the globe as the business day begins, first to Tokyo, London, and New York.Unlike other financial markets, investors can respond immediately to currency fluctuations, whenever they occur - day or night

ForexCharts by eSignal

forexCharts by eSignal is a complete charting package developed by a leading provider of real-time market information and award-winning products and services. The ForexCharts by eSignal package provides indicators and drawing tools for trend analysis and to identify potential entry and exit points, and includes the following features: * Real time data feed powered by FOREX.com for the majors and several crosses * Composite data feed from Global Treasury Information Services, Inc. (GTIS), that provides a broad representation of the market as a whole * Line, bar and candlestick charts * More than 30 analytical studies * Page-saving system to organize charts and layouts, and more ForexCharts by eSignal is available at no cost to FOREXPlus, FOREXPremier and FOREXPro clients. Click here for more information on FOREX.com Premium Services. Analytical Studies Accumulation and Distribution Moving Average ADX / DMI On Balance Volume Average True Range Open Interest Bollinger Bands Oscillator CCI Parabolic Choppiness Percent Price Donchian Channels ROC Envelopes RSI Keltner Channel Stochastic RSI MACD Stochastics Momentum Volume Money Flow Index Williams %R Drawing Tools Trend Lines Fibonacci Circle Regression Trend Channels Fibonacci Time Fibonacci Retracements Andrew's Pitchfork Fibonacci Extensions Andrew's PitchFan Resources Preview ForexCharts by eSignal Symbol Guide View other available charting packages.

Trading Psychology

I wish I knew then what I know now." How many times has that thought rolled through your head? Our friend James has probably thought that about his trading career hundreds, if not thousands, of times. You see James started on the wrong foot as a Futures trader. He thought the most important thing to understand was the market. He focused all of his energy trying to learn about the market and didn't spend any time focusing on himself as a trader - and he paid the price.Futures traders have to not only compete in the Futures market but also against themselves. You have the potential to be a successful Futures trader, but you also have the potential to be your own worst enemy. We, as humans, are naturally emotional. Our egos want to be validated - we want to prove to ourselves that we know what we are doing and that we are capable of taking care of ourselves. We also have a natural instinct to survive.All of these emotions and instincts can combine to provide us with trading successes every now and then. Much of the time, however, our unchecked emotions get the best of us and lead us to trading losses unless we learn to control them.Many Futures traders believe it would be ideal if they could completely divorce themselves from their emotions. Unfortunately that is next-to-impossible and some of our emotions may actually help us to improve our trading success. The best thing that you can do for yourself is learn to understand yourself as a trader. Identify your strengths and your weakness, and pick a trading style that is right for you. Don't get too far down the road, like James did, before you spend time learning about you.In this section you will learn about the following four psychological biases that may be affecting your trading results and what you can do to overcome them:* Overconfidence bias* Anchoring bias* Confirmation bias* Loss aversion bias.

Don't Deal With Anyone Who Won't Give You Their Background

Plan to do a lot of checking of any information you receive to be sure that the company is and does exactly what it says.Get the background of the persons running or promoting the company, if possible. Do not rely solely on oral statements or promises from the firm's employees. Ask for all information in written form.If you cannot satisfy yourself that the persons with whom you are dealing are completely legitimate and above-board, the wisest course of action is to avoid trading foreign currencies through those companies.

The Stop Loss

Trading shares should, over time, lead to better outcomes than betting on the outcome of tossing a coin. There are three main reasons for this.
1. You should have tested your trading system to ensure that, on average, it provides a better than 50/50 chance of success.
2. Each time you toss a coin, the best possible outcome is that you double your money. In a single trade it is possible to multiply your funds by 3,4,5,6......20,30....some very large number (if the trade goes expectionally well).
3. Each time you lose on the toss a coin, you lose all of your stake money. Provided you set a stop-loss it is highly unlikely you will lose all of your money in a share trade. Your stop-loss will be triggered and you will exit the trade having sufferred a controlled, relatively small loss. (On rare occasions, you will lose more - for example if you buy the shares of a company that, overnight, goes out of business.)
To avoid large losses when a trade goes against us, we set a strict stop loss on each trade. Some traders prefer to set stop losses at a fixed percentage. If the price of a share they have bought falls by, for example 5 percent, they sell. This is called a trailing stop loss. It trails the share price. If the share price goes up, the stop loss rises in tandem, always moving to 5 percent below the highest price reached (or the price you paid - whichever of these is higher). Other traders prefer to set their stops in accord with share price history. If, for example, a shareprice has found support at a particular level, they will set the stop loss slightly below this support level.

Stop searching for the holy grail forex system, it does not exist./font>

One of the most frustrating modes to be in is searching for years for a trading method that grows your trading account balance. You’ll find some people trying con you all over the internet. We are here to tell you its all rubbish. If you're going to change things, then the time to get moving is now. Learn skills, learn methods, learn entry setups with a proven edge in the market. We have discovered a proven way to siphon pips out of the forex market, but you still have to use my head, its not perfect, and it's automatic.. nothing is.
A forex trading method with a good winning percentage will be rewarding psychologically, keeps your morale high and is enjoyable to trade. A string of profits will build your confidence. See our trade of the week page which is updated at the end of each trading week. If you are looking for a forex system with no losing trades, forget trading and find another business or hobby. My priority is to keep losses small and wins should be larger than losses.
Your forex profits will increase.because you will have an edge.because the strategies reduce fear and indecision.because you will be able to spot entry setups and end of moves before the crowd does. Avoid chasing the market so you don’t enter a trade too late and get “burnt”.because you will be able to “read’ the market better.because the strategies can be implemented without buying any costly software or subscribing to expensive data services.because you will exit successful trades before your profit evaporates.because you will know when to let your profits run.because you will learn how to use higher time frames to gauge how price will react on lower time frame charts