Is it possible to make money in the foreign exchange market?

 We have already written about the possibility of earning on Forex here and here, but let's look at this topic again together.

Is it possible to make money in the foreign exchange market?

Here are some tips on how to make money in financial markets:

1. Educate yourself: Before investing in financial markets, it is important to educate yourself about the different types of investments, risks involved, and market trends. You can read books, attend seminars, or take online courses to learn more about investing.

2. Start small: It is always advisable to start small when investing in financial markets. You can begin by investing a small amount of money in low-risk investments such as mutual funds or exchange-traded funds (ETFs).

3. Diversify your portfolio: Diversification is key to reducing risk in financial markets. You can diversify your portfolio by investing in different types of assets such as stocks, bonds, and real estate.

4. Invest for the long-term: Financial markets can be volatile in the short-term, but historically, they have provided good returns over the long-term. Therefore, it is important to invest for the long-term and not get swayed by short-term market fluctuations.

5. Keep emotions in check: Emotions can often cloud judgment when it comes to investing. It is important to keep emotions in check and make rational decisions based on research and analysis.

6. Seek professional advice: If you are unsure about investing in financial markets, it is always advisable to seek professional advice from a financial advisor or a broker.

Remember, investing in financial markets involves risk, and there is no guarantee of returns. Therefore, it is important to do your due diligence and invest wisely.

Intermagnetics' SuperPower Subsidiary Achieves World-Record Performance in Second-Generation HTS Wire; * Performance Exceeds 6,000 Amp-Meters In Greater Than 50-Meter Length.

Intermagnetics General Corporation subsidiary SuperPower today reported world-record performance in producing second-generation high-temperature superconducting wire at its pilot manufacturing facility in Schenectady, New York. The 6,000 amp-meter performance in a 57-meter HTS wire is 60 percent greater than the previous record announced by a Japanese company last year.

"This is a significant milestone toward our goal of demonstrating a manufacturing process capable of cost-effectively producing high-temperature superconductors that would be commercially viable for utility industry applications, as well as for government and military uses," said Glenn H. Epstein, chairman and chief executive officer of Intermagnetics. "Our near-term objective remains to consistently reproduce and improve upon this performance in order to position SuperPower as a global leader in commercial production of second-generation HTS wire and applied devices.

"Intermagnetics envisions large-scale adoption of this technology by the world's electric transmission and distribution systems, which have demonstrated substantial and well-publicized shortcomings in the past year," Epstein said. "In addition, we believe this technology will meet the needs of national security through military applications that require the higher power density and lighter weight associated with HTS technology."

Philip J. Pellegrino, president of SuperPower, added: "The importance of our latest accomplishment is that it validates our strategy of focusing on second-generation HTS materials as a 'foundation cornerstone' of our plans to provide both the enabling materials and the highly engineered devices that will serve the markets for HTS in the future. SuperPower has now clearly demonstrated global leadership in the performance of its wire and in the development of manufacturing processes characterized by high throughput, low capital expenditures, modularity and scalability. This is absolutely critical to the ultimate success of our technology in commercial applications."

Pellegrino noted that the most recent SuperPower wire performance is three times greater than the 2,000 amp-meters reported by SuperPower in July 2003. At that time, SuperPower's second-generation HTS program was awarded the #1 ranking among 14 industry and national laboratory participants by an independent panel of reviewers at the Department of Energy Peer Review. "Amp-meter" is a common measure of HTS wire performance achieved by multiplying the current carrying capacity of the wire in amperes by the length of the wire in meters.

"We are leap-frogging our own performance -- and at an astounding pace," Pellegrino added. "Our latest achievement occurred just three years after the installation of pilot-scale facilities at SuperPower and just two years after demonstrating continuous reel-to-reel processing in those facilities. Up until now, Japan and Germany have led the global development of second-generation HTS wire, primarily because of their head start in the early 1990s.

"We expect to achieve commercially viable production capabilities during 2005 that will firmly place SuperPower in a leading position -- worldwide -- utilizing patent-protected technology and manufacturing processes that will allow us to economically adjust to the ultimate needs of the market," Pellegrino said. "We continue to expect that compelling market conditions will lead to a revolution in the way electricity is generated, delivered and consumed through an environmentally friendly reinforcement and upgrade of the aging, capacity-constrained power grid. Additional uses are likely to be in the area of military applications such as directed energy weapons using high-power microwaves and pulsed lasers, all-electric warships and hypersonic airborne applications, as well as naval operations involving aircraft launch and mine-sweeping."

Jimmy Glotfelty, the director of DOE's Office of Electric Transmission and Distribution said, "This latest in a series of achievements by SuperPower validates DOE's decade-long investment on behalf of the taxpayer in HTS technology. We must maintain this momentum to enable manufacturing scale-up and commercialization.

"SuperPower collaborates with Los Alamos National Laboratory in developing the core technology that has enabled these performance achievements," Glotfelty said. "I am especially proud of the fact that it now appears to be within the grasp of an American company to lead the introduction of this revolutionary technology at the global level. The timing is superb in the wake of the worst blackout in U.S. history last summer, which is symptomatic of the undisputed need to invest more in our critical transmission and distribution infrastructure."

Intermagnetics (http://www.intermagnetics.com/) draws on the financial strength, operational excellence and technical leadership in its expanding business of Medical Technology that encompasses Magnetic Resonance Imaging Systems and Components and Patient Monitoring. Intermagnetics is also a key supplier to the markets within Instrumentation and has become a prominent participant in superconducting applications for Energy Technology. The company has a more than 30-year history as a successful developer, manufacturer and marketer of superconducting materials, high-field magnets, medical systems and components and other specialized high value-added devices.

Safe Harbor Statement: The statements contained in this press release that are not historical fact are "forward-looking statements" which involve various important assumptions, risks, uncertainties and other factors. These include, without limitation, the assumptions, risks, and uncertainties set forth here as well as in the company's Annual Report on Form 10-K, including but not limited to, the company's ability to: (1) attract and maintain strategic partners for its HTS initiatives; (2) invest sufficient resources and receive additional external funding to continue its development efforts; (3) attract and retain the personnel necessary to achieve its objectives; (4) attain commercial acceptance for and adoption of its products and technology; (5) successfully develop commercially viable production methods, and successfully improve those methods to meet the cost-benefit ratio that will be critical to making HTS technology commercially competitive; and (6) avoid the potential adverse impact on the company of emerging patents in the highly competitive energy technology field. Except for the company's continuing obligation to disclose material information under federal securities law, the company is not obligated to update its forward-looking statements even though situations may change in the future. The company qualifies all of its forward-looking statements by these cautionary statements.

ScanSoft and HTS to Provide UK's First Fully-Automated Directory Assistance Service Using Speech Recognition.

ScanSoft, Inc. (Nasdaq: SSFT), the leading supplier of speech and imaging solutions, today announced a partnership with Hosted TelephonySolutions Ltd. (HTS), to develop a speech-enabled Directory Assistance (DA) application powered by SpeechWorks(R) solutions from ScanSoft. The fully-automated DA service will utilize the company's SpeechPearl(TM) speech recognition software and unique FindIt(TM) search technology developed specifically for the processing of automated DA calls.

At the end of 2001, Oftel, the UK regulator for the telecommunications industry, announced plans to replace the existing national (192) and international (153) directory assistance with 118 directory assistance services, also known as directory inquiries (DQ) services to give consumers a choice of DA service providers no matter what network they use. This deregulation will lead to the introduction of a range of new services, such as call completion facilities where the operator can connect people directly to the listing they have requested, or services in a range of languages for immigrants and visitors.

First Fully-Automated DA Solution for the UK

The ScanSoft solution will underpin national and corporate automated DA services, as well as enhance voice delivered information services across the UK and other European countries. The solution will enable the first fully speech-enabled DA service in the UK, covering the entire UK residential and business database, and will be a breakthrough in highly scalable, carrier grade, hosted speech services. Zelos Group expects fully-automated DA to grow from its present status of handling less than 5 percent of outsourced DA calls, to as much as 30 percent by the end of 2008.

"After thoroughly testing a wide range of speech technologies, ScanSoft Directory Assistance solutions proved to be the most efficient when scaling the volume of users accessing the system," said Adrian Clarke, CTO, Hosted Telephony Systems. "Today's directory service providers are under constant pressure to increase revenue and improve the quality and depth of their data - but also reduce the cost burden. Our automated DQ Service will create incremental revenue opportunities for the directory assistance providers by driving call frequency, and adding incremental revenues from services such as call completion and SMS delivery. At the same time via our automated DQ Service we are able to help them reduce costs."

The solution will provide 118 operators with a completely hosted DA service, while removing the need for capital investment and costly time management. HTS's carrier grade telephony platform is hosted in a dedicated UK data center. When the speech based service is launched by HTS in the next six months, it will be configurable to support both fully-automated calls and automated call handling with human back up. By using HTS' service, 118 operators will be able to concentrate on marketing while HTS provides and manages all the operating systems necessary for a DA service.

"The current UK DQ deregulation means that many new entrants are driving down the pricing of basic services," said Peter Hauser, senior vice president and general manager of International at ScanSoft. "The speech-enabled service will assist telecom service providers in offering a high-quality service that reduces costs through accurate, easy-to-use automated services and improves operator productivity through the innovative use of speech and database technologies."

ScanSoft is the world leader in speech-enabled directory assistance applications, helping its customers to reduce costs and increase efficiency without compromising service quality. In October 2003, ScanSoft announced that it is developing SpeechPAKs 1.0 for Directory Assistance, standards-based, packaged application kits for fully-automated directory assistance services. Its SpeechWorks technologies power fully-automated DA solutions for service providers around the world including a leading service provider in Belgium, Eniro Autosvar (Sweden), Japan Multimedia Service, Portugal Telecom, SNT (Netherlands), TDC, (Denmark), Telefonica de Argentina and Voice Data Bridge (Netherlands).

About Hosted Telephony Solutions Ltd.

Hosted Telephony Solutions Ltd (HTS) specializes in carrier grade hosted telephony solutions for National and Corporate Directory Inquiry services. Its unique technology and content partnerships enables it to be a leader and innovator in this field. HTS commercial approach is a first in the field of directory assistance, allowing them to operate a pure revenue share business to underpin the Directory Assistance Service Offering and offer revenue building add on features. For more information regarding Hosted Telephony System's products and technologies, please visit http://www.hostedtelephony.com.

About ScanSoft(R) Network Speech Solutions

ScanSoft Network Speech Solutions is the global leader in advanced network speech technologies and professional services. Enterprise and telecommunications organizations around the world such as Aetna, Deutsche Bank and Qantas Airways leverage the power and innovation of the SpeechWorks Suite of Network Speech Solutions to redefine the way they exchange vital information with customers and employees over the telephone. With a global sales and engineering presence, ScanSoft is uniquely positioned to help companies create and implement sophisticated speech solutions that deliver proven economic benefits and the highest levels of caller satisfaction. For more information, visit http://www.scansoft.com/network/.

About ScanSoft, Inc.

ScanSoft, Inc. (Nasdaq: SSFT) is the leading supplier of speech and imaging solutions that are used to automate a wide range of manual processes - saving time, increasing worker productivity and improving customer service. For more information regarding ScanSoft products and technologies, please visit www.ScanSoft.com.

ScanSoft, ScanSoft logo and FindIt are registered trademarks or trademarks of ScanSoft, Inc. in the United States and other countries. SpeechWorks and OpenSpeech are registered trademarks or trademarks of SpeechWorks International, Inc. in the United States and other countries. All other company or product names may be the trademarks of their respective owners.

The statements in this press release that relate to future plans, events or performance are forward-looking statements that involve risks and uncertainties, including risks associated with market trends, competitive factors, and other risks identified in ScanSoft's SEC filings. Actual results, events and performance may differ materially. Readers are cautioned not to put undue reliance on these forward-looking statements that speak only as of the date hereof.