Forex & Loan


Necessary Tool for Forex and Loan
Loan refers to the taking money or current asset with the condition to
be pay after a period with some added value.

Secured Loan Definition
Secured loan is a loan in which the borrower pledges some asset ( e.g.
a car ) as collateral for the loan. The loan is thus secured against
the collateral in the event that the borrower defaults, the lender
takes possession of the asset used as collateral and may sell it to
regain the amount originally lent to the borrower.

Unsecured Loan Definition
Unsecured loans are loans that are not guaranteed with any asset, so
that the risk of repossession does not exist. Though the lender can
still take legal action in order to recover the money, such a legal
process would be significantly longer and more expensive than with
secured loans.

Forex & Loan Information
Equity Loan
An equity loan is a mortgage placed on real estate in exchange for
cash to the borrower. For example, if a person owns a home worth
$100,000, but does not currently have a lien on it, they may take an
equity loan at 80% loan to value (LTV) or $80,000 in cash in exchange
for a lien on title placed by the lender of the equity loan.Many
lending institutions require the borrower to repay only an interest
component of the loan each month (calculated daily, and compounded to
the loan once each month). The borrower can apply any surplus funds to
the outstanding loan principal at any time, reducing the amount of
interest calculated from that day onwards. Some loan products also
allow the possibility to redraw cash up to the original LTV,
potentially perpetuating the life of the loan beyond the original loan
term.The rate of interest applied to equity loans is much lower than
that applied to unsecured loans, such as credit card debt.

Some Key Terms
real estate
cash(in exchange for)
cash(possibility to redraw)

Forex Information on the Internet
Trendlines & Trendline Analysis
Tom DeMark
DeMark Trendlines
Trendlines in an Uptrend
Trendlines in a Downtrend
Caution Required/Fibonacci retracement or extension level

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