Advice You - Finance

News traders in the foreign exchange (FOREX) market depend on news reports to cause volatility in the price of the currencies being trade. Due to the rapid change in price following the news event, the

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

news traders are often able to capitalize and profit significantly. Free online tools are readily available to assist the news trader in the quest for lucrative returns. Let’s briefly review three of

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

hese tools.

Free Official Time Sync
A news trader must be cognizant of the importance of time and timing with respect to the reports being released and the manner in which the trade

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

is executed. Certain news reports come out monthly at a designated time. Other economic data may come out a couple of times per quarter or with other regularity. Knowing this, the news trader will pre

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

are for the trade accordingly.

In order to execute the trade with the necessary competence, the news trader must be sure that the time piece relied on is precise. This means than hours, minutes and se

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

onds must be properly synchronized with the official time used by the governmental agency releasing the report. There is a website showing the official U.S. government time. This can be found at www.ti

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

me.gov. One can utilize this website as a reference in adjusting the PC time to comply with the official time.

Free Clock
The Windows XP clock shown in the tray at the lower right

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

and corner of most PC monitors does not reflect the time in seconds. Yet, news trading typically requires action measured in seconds, as opposed to mere minutes or hours. This is because the market rea

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

tion to the contents of certain major reports is usually fast and furious. Therefore, a clock showing the seconds is critical if the trader wants to capitalize on the spike in price.

There is a free d

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

wnload to help with this. A trader can obtain a free digital clock by going to a website located at www.softdemon.com/freeclock. The clock is referred to as the “Topmost Clock”. In keeping with its de

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

criptive name, the clock remains open and viewable, without minimizing, on the PC monitor regardless of which window is open. For convenience, this transparent device can be re-sized, relocated or re-c

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

olored. In addition to the hour, minutes and seconds, it shows the day and the fully date. Once the PC clock itself is properly synchronized, this digital clock is, likewise, automatically synchronized

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

to the official U.S. government time, since it feeds off of the PC clock.

Free News Calendar
In order to be a successful news trader, it is imperative that one knows not only the ho

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

r but also the date on which the pertinent news will be released. Although there are many places such information can be found, one popular resource for these details is the website at www.forexfactory

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

com. On the homepage, a regular weekly listing appears showing the economic data to be released during that time period. Fortunately, the website also provides an explanation of the various reports iss

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

ed for the benefit of traders unfamiliar with the same. The expected impact of the specific news item on market prices is demonstrated with color coded indicators. Traders discover the usefulness of th

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

e free forum as well as the daily market analyses. Finally, the trader is shown which currency to trade with which report. Since currencies are traded in pairs, the highlighted currency accompanying th

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

listed report should ideally be one of the components in the pair traded.

Resources for trading the FOREX are abundant. Many involve no financial outlay. The task of unearthing the most affordable, a

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

propriate and beneficial resources for your trading activities can be daunting. With dedicated effort and connection to the right network of support, however, one should be able to locate those that ca

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

result in a more convenient and pleasurable FOREX experience.

Sandy Robinson, J.D.
Copyright 2007

The trademarks mentioned herein are the intellectual property of their respective owners.

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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Advice You - Great Forex News Traders' Tools - Three For Free

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