Delta and KTFA Members Sunday PM 7-19-2020

KTFA:

DELTA:  FROM IRAQI TV: CBI: THERE IS NO CURRENCY PRINTING PROCESS FOR GOV SPENDING... 

DELTA:   Forex Trading in Iraq (smile)

July 15, 2020 

Thanks to international Forex  Brokers steadily expanding into Iraq, it’s now possible for Iraqi citizens and travelers to get involved in the forex market. Though trading forex is still a relatively new concept in most parts of Iraq, it’s never been easier to learn more about trading online. 

Our guide will help you learn more about how you can begin trading forex in Iraq, how to open a brokerage account and will introduce you to a few beginner trading strategies.  

Get Started with Forex in Iraq

Getting started trading Forex begins with opening a brokerage account. Here are the basic steps you’ll go through when you open your account.

Step 1: Find a device connected to the internet. The 1st step to opening a Forex brokerage account is finding a stable connection to the internet. Though you can open an account on nearly any device, your internet connection must be consistent and private. Run a speed test on your device before proceeding.

Step 2: Choose a broker. Once you’ve got a stable connection to the internet, it’s time to choose a broker. Though there are both international and domestic brokers offering services to investors in Iraq, domestic brokers may not be registered and may offer dangerously high leverage and margin rates.

We recommend working with an international broker registered with a recognized foreign currency authority like the Cyprus Stock Market Commission or the Australian Securities and Investment Commission.

If you’re a follower of the Islamic faith, consider opening an account with a broker that offers “swap-free” accounts. These accounts don’t accumulate interest on overnight positions, which keeps you in accordance with Sharia laws regarding money lending.

Step 3: Open an account. After selecting a broker, use the broker’s processes to open an account. You’ll usually need to submit personal identification information before you can open your account.

Step 4: Download your trading software. Though your broker might offer its own proprietary platform, many brokerages require traders to download a 3rd-party software like Meta Trader 4 or 5. Check and see what your broker offers before you download any platform.

Step 5: Fund your account. When your account is fully-opened, link your bank account to transfer trading funds. Depending on your broker, you might also be able to fund your account with a debit card transfer or a transfer from an electronic wallet.

Step 6: Make your 1st trade. It may take a few days for your trading funds to appear in your account. Once they arrive, you can officially begin Forex trading. 

Iraq Forex Trading Strategies

There are 2 major types of trading strategies that Forex traders use to determine which currencies to buy and sell: technical analysis and fundamental analysis. The ideal trading strategy for you will vary depending on the currencies you trade, whether you’d like to trade in the short-term or the long-term and your financial goals.

Zeeman:  if i read it correctly  with forex then iraq must be international and next is the new value. thanks for the info delta

Iobey777:  WOW!!!  That is HUUUUUGGGEEE news!!!

TSM:  It does sound GOOD.... but first show me where they can actually trade the Dinar on the forex..... or is this the same as the Nasdaq stuff they have been talking about or 2 - 3 years, and we still can't trade Iraqi stocks.

GodLover:  I would venture to guess that right now it's educating the Iraqi citizens how to trade on Forex, when a new international rate is exposed imo.

21TBird:  . Wow, the simple instructions to people in Iraq about trading on Forex. Its not that simple from my past experience. You really need to study how to trade it and there are people out there that have very expensive trading tools to help them see if the currency is really going up or actually selling off. Volume indicators. IMO

Dan:  According to my understanding, Frank said that the IQD can pay For and trade with every country in the world now. Only thing that is missing is that they have raised the value of their currency. Sounds like it's past tense on a global scale

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Samson:  Al-Kazemi in Saudi Arabia tomorrow ... and important details about the visit

7/19/2020 09:01:57

 Prime Minister Mustafa Al-Kazemi will visit Saudi Arabia tomorrow, Monday, on an official visit at the invitation of Saudi Crown Prince Mohammed bin Salman.

Al-Kazemi is accompanied by a high-ranking delegation of ministers and officials, according to Iraqi official sources, who expected "great results" from the visit. Qahtan al-Janabi, the Iraqi ambassador to Saudi Arabia, said in a press statement that Al-Kazemi will arrive tomorrow to Riyadh with a high-level delegation.

The Ambassador stated that an Iraqi delegation headed by Deputy Prime Minister and Minister of Finance Ali Abdul Amir Allawi arrived in Riyadh yesterday to start the meetings of the Saudi-Iraqi Coordination Council. He added, "The Saudi-Iraqi Coordination Council met yesterday, headed by Allawi, accompanied by a number of ministers and officials, and the meetings continue to this day, and culminate in the visit of the Prime Minister."

Al-Janabi continued: "It is expected that the visit, which is the first for the Prime Minister outside Iraq, will have significant positive results at the level of bilateral relations between the two countries, and we expect to develop and strengthen these relations to the level of the ambition of the leadership in the two countries, and the level of the ambition of the two neighboring brotherly peoples."

 He pointed out that "the visit will focus on developing the relationship between Iraq and its Arab surroundings and its neighbors, and this is the main goal for it," noting that "relations should be at a high level, given the neighborhood and strong ties between the two peoples, and issues of the region, the region and the world will be pandemic." Corona) and others. "

It is expected that Al-Kazemi will meet today in Baghdad, the Iranian Foreign Minister, Mohammad Javad Zarif, who arrived in the capital Baghdad in the morning.

After Saudi Arabia, Al-Kazemi will visit Iran {Tuesday} and then the United States.    LINK

Samson:  Foreign Minister: Iraq wants balanced relations with neighboring countries

11:12 - 07/19/2020

Foreign Minister Fuad Hussein confirmed on Sunday that Iraq wants balanced relations with neighboring countries on the basis of the national interest.

Hussein said in a press conference with his Iranian counterpart, Mohammad Javad Zarif, in Baghdad, and his follow-up "information", that "we discussed bilateral relations and trade exchange between the two countries."

He added, "Iraq wants balanced relations with neighboring countries on the basis of the interest of Iraq and non-interference in internal affairs."

Hussein indicated that "the upcoming visit of the Iraqi delegation headed by Prime Minister Mustafa al-Hukoomi, headed by Al-Kazemi to the Islamic Republic, was discussed."   LINK

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Samson:  Integrity details the details of the arrest of a former official in Diwaniyah, on charges of embezzlement

10:10 - 07/19/2020

She added, “A fundamental arrest report was organized with the seized criminal identifiers, and it was presented to Mr. Judge of the Investigation Court specialized in integrity issues in Diwaniyah; To take appropriate legal measures. ” The authority had announced on the eighteenth of last February that the staff of the office was able to seize an employee in the Diwaniya circuit department, in flagrante delicto, for embezzlement of the salaries of one of the daily employees. 

The Federal Integrity Commission clarified, on Sunday, the details seized by the former director of Diwaniyah’s sewers with three employees in the directorate for embezzlement.

The authority stated in a statement, which received / information / a copy of it, that “the investigation department in the commission, in its discussion of the details of the seizure process that was carried out according to a judicial memorandum, reported that a team composed of the authority’s investigation office in the governorate had moved to the Diwaniya sewerage depots, after receiving The office has information about the existence of a misappropriation process in the directorate’s warehouses, confirming that the former director and three employees have been arrested on charges of removing tanks and tubes of size 110 and 350 from one of the directorate’s warehouses, and transporting them to the farm of the former director, noting that the team has seized the output documents for the materials.  LINK