tag:blogger.com,1999:blog-35745671627681072022024-03-13T05:57:08.391-07:00BEST FOREX BLOGBEST FOREX BLOGhttp://www.blogger.com/profile/13673739637587376388noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-3574567162768107202.post-8062865605660158232009-08-15T22:33:00.001-07:002009-08-15T22:33:38.914-07:00Important Forex Trading Terms<h2>Important Forex Trading Terms</h2> <ul><li> <h3>Spread</h3> The <span style="text-decoration: underline;">Spread</span> is the difference between the price that you can sell currency at (<a onclick="'s_objectID=" href="http://www.forextrading.com/articles/HowToTrade.aspx#G5">Bid</a>) and the price you can buy currency at (<a onclick="'s_objectID=" href="http://www.forextrading.com/articles/HowToTrade.aspx#G2">Ask</a>). The spread on majors is usually 3 pips under normal market conditions. For more information on the trading conditions at Saxo Bank, go to the Account Summary on your Client Station and open the section entitled “Trading Conditions” found in the top right-hand corner of the Account Summary. </li><li> <h3>Pips </h3> A pip is the smallest unit by which a cross price quote changes. When trading Forex you will often hear that there is a 3-pip <a onclick="'s_objectID=" href="http://www.forextrading.com/articles/HowToTrade.aspx#G33">spread</a> when you trade the majors. This spread is revealed when you compare the bid and the ask price, for example <a onclick="'s_objectID=" href="http://www.forextrading.com/articles/HowToTrade.aspx#G12">EURUSD</a> is quoted at a bid price of 0.9875 and an ask price of 0.9878. The difference is USD 0.0003, which is equal to 3 “pips”.<br /> <br /> On a contract or position, the value of a pip can easily be calculated. You know that the EURUSD is quoted with four decimals, so all you have to do is cancel out the four zeros on the amount you trade and you will have the value of one pip. Thus, on a EURUSD 100,000 contract, one pip is USD 10. On a USDJPY 100,000 contract, one pip is equal to 1000 yen, because USDJPY is quoted with only two decimals. </li></ul>BEST FOREX BLOGhttp://www.blogger.com/profile/13673739637587376388noreply@blogger.com2tag:blogger.com,1999:blog-3574567162768107202.post-81130874826510490092009-08-15T22:31:00.002-07:002009-08-15T22:32:54.734-07:00Why Trade Forex?<span style="font-weight: bold;">Why Trade Forex?</span><br /><ul><li><h3>24 hour trading</h3> One of the major advantages of trading Forex is the opportunity to trade 24 hours a day from Sunday evening (20:00 GMT) to Friday evening (22:00 GMT). This gives you a unique opportunity to react instantly to breaking news that is affecting the markets. </li><li> <h3>Superior liquidity</h3> The Forex market is so liquid that there are always buyers and sellers to trade with. The <span style="text-decoration: underline;">Liquidity</span> of this market, especially that of the major currencies, helps ensure price stability and narrow <a onclick="'s_objectID=" href="http://www.forextrading.com/articles/HowToTrade.aspx#G33">spreads</a>. The liquidity comes mainly from banks that provide liquidity to investors, companies, institutions and other currency market players. </li><li> <h3>No commissions</h3> The fact that Forex is often traded without commissions makes it very attractive as an investment opportunity for investors who want to deal on a frequent basis. <br /> Trading the “majors” is also cheaper than trading other <a onclick="'s_objectID=" href="http://www.forextrading.com/articles/HowToTrade.aspx#G8">cross</a> because of the high level of liquidity. For more information on the trading conditions of Saxo Bank, go to the Account Summary on your SaxoTrader and open the section entitled “Trading Conditions” found in the top right-hand corner of the Account Summary. </li><li> <h3>100:1 Leverage</h3> Leverage (gearing) enables you to hold a position worth up to 100 times more than your margin deposit. For example, a USD 10,000 deposit can command positions of up to USD 1,000,000 through leverage. You can leverage the first USD 25,000 of your investment up to 100 times and additional collateral up to 50 times. </li><li> <h3>Profit potential in falling markets</h3> Since the market is constantly moving, there are always trading opportunities, whether a currency is strengthening or weakening in relation to another currency. When you trade currencies, they literally work against each other. If the <a onclick="'s_objectID=" href="http://www.forextrading.com/articles/HowToTrade.aspx#G12">EURUSD</a> declines, for example, it is because the US dollar gets stronger against the euro and vice versa. So, if you think the EURUSD will decline (that is, that the euro will weaken versus the dollar), you would sell EUR now and then later you buy euro back at a lower price. In case that the EURUSD indeed declines, then you can take your profit. The opposite trading scenario would occur if the EURUSD <a onclick="'s_objectID=" href="http://www.forextrading.com/articles/HowToTrade.aspx#G1">appreciates</a>. </li></ul>BEST FOREX BLOGhttp://www.blogger.com/profile/13673739637587376388noreply@blogger.com1tag:blogger.com,1999:blog-3574567162768107202.post-79105576650826920862009-08-15T22:31:00.001-07:002009-08-15T22:31:47.467-07:00Trading on MarginTrading on <span style="text-decoration: underline;">Margins</span> means that you can buy and sell assets that represent more value than the capital in your account. Forex trading is usually conducted with relatively small margin deposits. This is useful since it permits investors to exploit currency <a onclick="'s_objectID=" href="http://www.forextrading.com/articles/HowToTrade.aspx#G11">exchange rate fluctuations</a> which tend to be very small. A margin of 1.0% means you can trade up to USD 1,000,000 even though you only have USD 10,000 in your account. A margin of 1% corresponds to a 100:1 <a onclick="'s_objectID=" href="http://www.forextrading.com/articles/HowToTrade.aspx#G16">leverage</a> (or “gearing”). (Because USD 10,000 is 1% of USD 1,000,000.) Using this much leverage enables you to make profits very quickly, but there is also a greater risk of incurring large losses and even being completely wiped out. Therefore, it is inadvisable to maximise your leveraging as the risks can be very high. For more information on the trading conditions of Saxo Bank, go to the Account Summary on your SaxoTrader and open the section entitled “Trading Conditions” found in the top right-hand corner of the Account Summary.BEST FOREX BLOGhttp://www.blogger.com/profile/13673739637587376388noreply@blogger.com0tag:blogger.com,1999:blog-3574567162768107202.post-31898837712340335982009-08-15T22:30:00.000-07:002009-08-15T22:31:02.473-07:00Forward OutrightsFor forward outrights, settlement on the value date selected in the trade means that even though the trade itself is carried out immediately, there is a small interest rate calculation left. The interest rate differential doesn't usually affect trade considerations unless you plan on holding a position with a large differential for a long period of time. The interest rate differential varies according to the cross you are trading. On the USDCHF, for example, the interest rate differential is quite small, whereas the differential on NOKJPY is large. This is because if you trade e.g. NOKJPY, you get almost 7% (annual) interest in Norway and close to 0% in Japan. So, if you borrow money in Japan, to finance the trade and buying NOK, you have a positive interest rate differential. This differential has to be calculated and added to your account. You can have both a positive and a negative interest rate differential, so it may work for or against you when you make a trade.BEST FOREX BLOGhttp://www.blogger.com/profile/13673739637587376388noreply@blogger.com0tag:blogger.com,1999:blog-3574567162768107202.post-72676816037758236562009-08-15T22:29:00.000-07:002009-08-15T22:30:40.212-07:00Trading Forex<p>A currency trade is the simultaneous buying of one currency and selling of another one. The currency combination used in the trade is called a <span style="text-decoration: underline;">cross</span> (for example, the euro/US dollar, or the GB pound/Japanese yen.). The most commonly traded currencies are the so-called “majors” – EURUSD, USDJPY, USDCHF and GBPUSD.</p> <p>The most important Forex market is the spot market as it has the largest volume. The market is called the <a onclick="'s_objectID=" href="http://www.forextrading.com/articles/HowToTrade.aspx#G31">spot</a> market because trades are settled immediately, or “on the spot”. In practice this means two banking days. </p>BEST FOREX BLOGhttp://www.blogger.com/profile/13673739637587376388noreply@blogger.com0tag:blogger.com,1999:blog-3574567162768107202.post-78378680727326100962009-08-15T22:28:00.000-07:002009-08-15T22:29:31.519-07:00Forex Overview<a onclick="'s_objectID=" href="http://www.forextrading.com/articles/HowToTrade.aspx#G13">Foreign exchange</a>, <a onclick="'s_objectID=" href="http://www.forextrading.com/articles/HowToTrade.aspx#G13"> FX</a> are all terms used to describe the trading of the world's many currencies. The <a onclick="'s_objectID=" href="http://www.forextrading.com/articles/HowToTrade.aspx#G13">Forex market</a> is the largest market in the world, with trades amounting to more than USD 3 trillion every day. Most Forex trading is <a onclick="'s_objectID=" href="http://www.forextrading.com/articles/HowToTrade.aspx#G30"> speculative</a>, with only a low percentage of market activity representing governments' and companies' fundamental currency conversion needs. <p>Unlike trading on the stock market, the Forex market is not conducted by a central exchange, but on the <a onclick="'s_objectID=" href="http://www.forextrading.com/articles/HowToTrade.aspx#G14">“interbank” market</a>, which is thought of as an <a onclick="'s_objectID=" href="http://www.forextrading.com/articles/HowToTrade.aspx#G17">OTC (over the counter)</a> market. Trading takes place directly between the two counterparts necessary to make a trade, whether over the telephone or on electronic networks all over the world. The main centres for trading are Sydney, Tokyo, London, Frankfurt and New York. This worldwide distribution of trading centres means that the Forex market is a 24-hour market. </p>BEST FOREX BLOGhttp://www.blogger.com/profile/13673739637587376388noreply@blogger.com0tag:blogger.com,1999:blog-3574567162768107202.post-91310546019478605082009-08-15T22:26:00.000-07:002009-08-15T22:28:35.976-07:00Foreign Exchange<p style="text-align: left;">This short introduction explains the basics of trading Forex online, a brief explanation of the markets and the major benefits of trading <span style="text-decoration: underline;">Forex</span> online. There are also two scenarios describing the implications of trading in a <a onclick="'s_objectID=" href="http://www.forextrading.com/articles/HowToTrade.aspx#G4">bear</a> as well as a <a onclick="'s_objectID=" href="http://www.forextrading.com/articles/HowToTrade.aspx#G7">bull</a> market to better acquaint you with some of the <a onclick="'s_objectID=" href="http://www.forextrading.com/articles/HowToTrade.aspx#G26">risks</a> and opportunities of the largest and most <a onclick="'s_objectID=" href="http://www.forextrading.com/articles/HowToTrade.aspx#G19">liquid</a> market in the world. </p> <p>As an additional aid for those who are new to Forex, there is also a <a onclick="'s_objectID=" href="http://www.forextrading.com/articles/HowToTrade.aspx#10"> glossary</a> at the bottom of this text which explains some of the terms used in connection with currency trading. </p>BEST FOREX BLOGhttp://www.blogger.com/profile/13673739637587376388noreply@blogger.com0tag:blogger.com,1999:blog-3574567162768107202.post-4926916657268885712009-08-08T04:26:00.000-07:002009-08-08T04:28:27.884-07:00Brazil's Real Rebounded on US optimismhe Brazilian real, currency which had its rally halted yesterday as negative reports pushed stocks and commodities down around the world, climbed again today as U.S. employment data came better-than-expected.BEST FOREX BLOGhttp://www.blogger.com/profile/13673739637587376388noreply@blogger.com1tag:blogger.com,1999:blog-3574567162768107202.post-83783486089662430072009-06-16T22:50:00.001-07:002009-06-16T22:50:58.359-07:00DENMARK FOREX<div>Forex is a <a title="Sweden" href="http://open-encyclopedia.com/Sweden">Swedish</a> financial services company. The company was started in <a title="1927" href="http://open-encyclopedia.com/1927">1927</a> as a currency exchange service for travellers, at the Central Station in <a title="Stockholm" href="http://open-encyclopedia.com/Stockholm">Stockholm</a>. The owner of Gyllenspet's Barber Shop, according to the legend, discovered that most of his customers were tourists in need of currency for their trips. So he started keeping the major currencies on hand.<br />The company was subsequently acquired by <a title="Statens Järnvägar" href="http://open-encyclopedia.com/Statens_J%C3%A4rnv%C3%A4gar">Statens Järnvägar</a>, the Swedish State Railways, which expanded the operations until it was sold off to one of the managers, Rolf Friberg, in <a title="1965" href="http://open-encyclopedia.com/1965">1965</a>. The company was the only one apart from the <a title="Bank" href="http://open-encyclopedia.com/Bank">banks</a> that was licensed to conduct currency exchange in Sweden.<br />The company, which is still wholly owned by the Friberg family, has expanded into <a title="Denmark" href="http://open-encyclopedia.com/Denmark">Denmark</a> and <a title="Finland" href="http://open-encyclopedia.com/Finland">Finland</a> and has over 50 shops, usually located at train stations or airports. The decrease in the business brought on by introduction of the <a title="Euro" href="http://open-encyclopedia.com/Euro">Euro</a> has made the company look for alternative sources of revenue, like applying for a banking license and attempting to move into more regular transaction services, earlier handled by the Swedish postal service. </div>BEST FOREX BLOGhttp://www.blogger.com/profile/13673739637587376388noreply@blogger.com0tag:blogger.com,1999:blog-3574567162768107202.post-22259234205378091262009-06-16T22:46:00.000-07:002009-06-16T22:47:48.614-07:00HONG KONG FOREXCitibank began operations in Hong Kong in 1902, thus becoming the first <a title="Bank" href="http://en.wikipedia.org/wiki/Bank">foreign bank</a> to offer its services there. Citibank (Hong Kong) Limited is a licensed bank incorporated in <a title="Hong Kong" href="http://en.wikipedia.org/wiki/Hong_Kong">Hong Kong</a>. It is traded with the <a class="mw-redirect" title="Chinese languages" href="http://en.wikipedia.org/wiki/Chinese_languages">Chinese</a> trading name 花旗銀行 (formerly 萬國寶通銀行). An office tower, the <a title="Citibank Plaza" href="http://en.wikipedia.org/wiki/Citibank_Plaza">Citibank Plaza</a>, in <a title="Garden Road, Hong Kong" href="http://en.wikipedia.org/wiki/Garden_Road,_Hong_Kong">Garden Road</a>, <a title="Central, Hong Kong" href="http://en.wikipedia.org/wiki/Central,_Hong_Kong">Central</a>, <a title="Hong Kong" href="http://en.wikipedia.org/wiki/Hong_Kong">Hong Kong</a> is named after the bank.<br /><a id="Company_Profile" name="Company_Profile"></a><br />[<a title="Edit section: Company Profile" href="http://en.wikipedia.org/w/index.php?title=Citibank_%28Hong_Kong%29&action=edit&section=2">edit</a>] Company Profile<br />Citibank Hong Kong has a network of 25 branches spread over <a title="Hong Kong Island" href="http://en.wikipedia.org/wiki/Hong_Kong_Island">Hong Kong Island</a>, Kowloon, New Territories and Macao .<br /><a id="Awards" name="Awards"></a><br />[<a title="Edit section: Awards" href="http://en.wikipedia.org/w/index.php?title=Citibank_%28Hong_Kong%29&action=edit&section=3">edit</a>] Awards<br />• 2008: Awarded Best Flexible Work Practices by the Hong Kong HR Awards• 2008: SME’s Best Partner Award• 2008: Asian Banker Achievement Awards• 2007: Supreme Service Award• 2007: Best Practice Awards• 2007: Best Bank in Wealth Management Award• 2007: awarded the Best Foreign Bank by FinanceAsia• 2007: awarded the Best Foreign <a title="Cash management" href="http://en.wikipedia.org/wiki/Cash_management">Cash Management</a> Bank by Asiamoney• 2007: awarded the Overall Best Global <a title="Private bank" href="http://en.wikipedia.org/wiki/Private_bank">Private Bank</a> by Asiamoney magazine for the 3rd time• 2007: recognized as the Best Equity House by Euromoney• 2007: awarded the Excellence in Wealth Management Award by Asian Banker• 2007: awarded the Best Wealth Management Bank (Citigold) by Capital Magazine.• 2004: Selected Most Preferred Bank by Asia’s Top 1,000 Brand Listing.<br /><a id="See_also" name="See_also"></a>BEST FOREX BLOGhttp://www.blogger.com/profile/13673739637587376388noreply@blogger.com0tag:blogger.com,1999:blog-3574567162768107202.post-91426078148982260342009-06-16T22:45:00.000-07:002009-06-16T22:46:19.921-07:00Bangladesh ForexIn 1971, East Pakistan became the independent nation of Bangladesh with the Pakistan Rupee as domestic currency. The taka became Bangladesh's currency in 1972, replacing the <a title="Pakistani rupee" href="http://en.wikipedia.org/wiki/Pakistani_rupee">Pakistani rupee</a> at par. The word "taka" is derived from the <a title="Sanskrit" href="http://en.wikipedia.org/wiki/Sanskrit">Sanskrit</a> term tanka which was an ancient denomination of <a title="Silver" href="http://en.wikipedia.org/wiki/Silver">silver</a> <a title="Coin" href="http://en.wikipedia.org/wiki/Coin">coin</a>. The term taka was widely used in different parts of India but with varying meanings. In north India, taka was a <a title="Copper" href="http://en.wikipedia.org/wiki/Copper">copper</a> coin equal to two <a title="Paisa" href="http://en.wikipedia.org/wiki/Paisa">paise</a> and in the south, it was equal to four paisa or one <a class="mw-redirect" title="Anna (coin)" href="http://en.wikipedia.org/wiki/Anna_%28coin%29">anna</a>. It was only in <a title="Bengal" href="http://en.wikipedia.org/wiki/Bengal">Bengal</a> and <a title="Orissa" href="http://en.wikipedia.org/wiki/Orissa">Orissa</a> where taka was equal to the rupee. In all areas of India, taka was used informally for <a title="Money" href="http://en.wikipedia.org/wiki/Money">money</a> in general. However, Bengal was the stronghold of the taka.<br />The <a title="Rupee" href="http://en.wikipedia.org/wiki/Rupee">rupee</a> was introduced by the <a title="Turkic peoples" href="http://en.wikipedia.org/wiki/Turkic_peoples">Turko</a>-<a class="mw-redirect" title="Demographics of Afghanistan" href="http://en.wikipedia.org/wiki/Demographics_of_Afghanistan">Afghan</a> rulers and was strongly upheld by the <a title="Mughal Empire" href="http://en.wikipedia.org/wiki/Mughal_Empire">Mughals</a> and the <a title="British Empire" href="http://en.wikipedia.org/wiki/British_Empire">British rulers</a>. The <a title="Bengal" href="http://en.wikipedia.org/wiki/Bengal">Bengali</a> people always used the word taka for the rupee, whether silver or <a title="Gold" href="http://en.wikipedia.org/wiki/Gold">gold</a>. <a title="Ibn Battuta" href="http://en.wikipedia.org/wiki/Ibn_Battuta">Ibn Battuta</a>, the <a title="Arab" href="http://en.wikipedia.org/wiki/Arab">Arab</a> traveller, noticed that, in Bengal, people described gold coins (<a title="Dinar" href="http://en.wikipedia.org/wiki/Dinar">Dinar</a>) as gold tanka and silver coin as silver tanka. In other words, whatever might be the metallic content of the coin, the people called it taka. This tradition has been followed to this day in eastern regions like <a title="Bangladesh" href="http://en.wikipedia.org/wiki/Bangladesh">Bangladesh</a>, <a title="West Bengal" href="http://en.wikipedia.org/wiki/West_Bengal">West Bengal</a>, <a title="Tripura" href="http://en.wikipedia.org/wiki/Tripura">Tripura</a>, <a title="Orissa" href="http://en.wikipedia.org/wiki/Orissa">Orissa</a>, and <a title="Assam" href="http://en.wikipedia.org/wiki/Assam">Assam</a>. The <a title="Indian rupee" href="http://en.wikipedia.org/wiki/Indian_rupee">Indian rupee</a> is officially known as টাকা ṭaka in <a title="Bengali language" href="http://en.wikipedia.org/wiki/Bengali_language">Bengali</a>, টকা tôka in <a title="Assamese language" href="http://en.wikipedia.org/wiki/Assamese_language">Assamese</a>, and ଟଙ୍କା ṭôngka in <a title="Oriya language" href="http://en.wikipedia.org/wiki/Oriya_language">Oriya</a>, and is written as such on Indian banknotes.<br /><a id="Issuing_authority" name="Issuing_authority"></a><br />[<a title="Edit section: Issuing authority" href="http://en.wikipedia.org/w/index.php?title=Bangladeshi_taka&action=edit&section=2">edit</a>] Issuing authority<br />Currency notes and coins of the taka are issued by the <a title="Bangladesh Bank" href="http://en.wikipedia.org/wiki/Bangladesh_Bank">Bangladesh Bank</a> which is the central bank of <a title="Bangladesh" href="http://en.wikipedia.org/wiki/Bangladesh">Bangladesh</a>. Currency notes bear the signature of the governor of the Bangladesh Bank who promises to pay the equivalent value in exchange. The exception is the one taka note. In this case it is the <a class="mw-redirect" title="Ministry of Finance" href="http://en.wikipedia.org/wiki/Ministry_of_Finance">Ministry of Finance</a> of the <a class="mw-redirect" title="Government of Bangladesh" href="http://en.wikipedia.org/wiki/Government_of_Bangladesh">Government of Bangladesh</a> that shoulders the responsibility. One taka notes bear the signature of the Finance Secretary to the government.<br /><a id="Value_fluctuation" name="Value_fluctuation"></a><br />[<a title="Edit section: Value fluctuation" href="http://en.wikipedia.org/w/index.php?title=Bangladeshi_taka&action=edit&section=3">edit</a>] Value fluctuation<br />At independence the value of the taka, Bangladesh's unit of currency, was set between 7.5 and 8.0 to US$1.<a title="" href="http://en.wikipedia.org/wiki/Bangladeshi_taka#cite_note-cs-0">[1]</a> With the exception of fiscal year 1978, the taka's value relative to the dollar declined every year from 1971 through the end of 1987.<a title="" href="http://en.wikipedia.org/wiki/Bangladeshi_taka#cite_note-cs-0">[1]</a> To help offset this phenomenon, Bangladesh first used the compensatory financing facility of the International Monetary Fund in fiscal year 1974.<a title="" href="http://en.wikipedia.org/wiki/Bangladeshi_taka#cite_note-cs-0">[1]</a> Despite the increasing need for assistance, the Mujib government was initially unwilling to meet the IMF's conditions on monetary and fiscal policy.<a title="" href="http://en.wikipedia.org/wiki/Bangladeshi_taka#cite_note-cs-0">[1]</a> By fiscal year 1975, however, the government revised its stance, declaring a devaluation of the taka by 56 percent and agreeing to the establishment by the World Bank of the Bangladesh Aid Group.<a title="" href="http://en.wikipedia.org/wiki/Bangladeshi_taka#cite_note-cs-0">[1]</a><br />Between 1980 and 1983, the taka sustained a decline of some 50 percent because of a deterioration in Bangladesh's balance of payments.<a title="" href="http://en.wikipedia.org/wiki/Bangladeshi_taka#cite_note-cs-0">[1]</a> Between 1985 and 1987, the taka was adjusted in frequent incremental steps, stabilizing again around 12 percent lower in real terms against the United States dollar, but at the same time narrowing the difference between the official rate and the preferential secondary rate from 15 percent to 7.5 percent.<a title="" href="http://en.wikipedia.org/wiki/Bangladeshi_taka#cite_note-cs-0">[1]</a> Accompanying this structural adjustment was an expansion in the amount of trade conducted at the secondary rate, to 53 percent of total exports and 28 percent of total imports.<a title="" href="http://en.wikipedia.org/wiki/Bangladeshi_taka#cite_note-cs-0">[1]</a> In mid-1987, the official rate was relatively stable, approaching less than Tk31 to US$1.<a title="" href="http://en.wikipedia.org/wiki/Bangladeshi_taka#cite_note-cs-0">[1]</a>BEST FOREX BLOGhttp://www.blogger.com/profile/13673739637587376388noreply@blogger.com0tag:blogger.com,1999:blog-3574567162768107202.post-6355257145137801322009-06-16T22:44:00.000-07:002009-06-16T22:45:24.284-07:00Egypt Forex<a title="Egypt" href="http://en.wikipedia.org/wiki/Egypt">Egypt</a>, officially known as the Arab Republic of Egypt, is a country in <a title="North Africa" href="http://en.wikipedia.org/wiki/North_Africa">North Africa</a> that includes the <a title="Sinai Peninsula" href="http://en.wikipedia.org/wiki/Sinai_Peninsula">Sinai Peninsula</a>, a <a title="Land bridge" href="http://en.wikipedia.org/wiki/Land_bridge">land bridge</a> to <a title="Asia" href="http://en.wikipedia.org/wiki/Asia">Asia</a>. Covering an area of about 1,001,450 square kilometers (386,660 sq mi), Egypt borders <a title="Libya" href="http://en.wikipedia.org/wiki/Libya">Libya</a> to the west, <a title="Sudan" href="http://en.wikipedia.org/wiki/Sudan">Sudan</a> to the south and the <a title="Gaza Strip" href="http://en.wikipedia.org/wiki/Gaza_Strip">Gaza Strip</a> and <a title="Israel" href="http://en.wikipedia.org/wiki/Israel">Israel</a> to the east. Its northern coast borders the <a title="Mediterranean Sea" href="http://en.wikipedia.org/wiki/Mediterranean_Sea">Mediterranean Sea</a>; the eastern coast borders the <a title="Red Sea" href="http://en.wikipedia.org/wiki/Red_Sea">Red Sea</a>.<br />Egypt is one of the most populous countries in <a title="Africa" href="http://en.wikipedia.org/wiki/Africa">Africa</a>. The great majority of its estimated 80 million people (2007) live near the banks of the <a title="Nile River" href="http://en.wikipedia.org/wiki/Nile_River">Nile River</a>, in an area of about 40,000 square kilometers (15,000 sq mi), where the only <a title="Arable land" href="http://en.wikipedia.org/wiki/Arable_land">arable</a> agricultural land is found. The large areas of the <a title="Sahara" href="http://en.wikipedia.org/wiki/Sahara">Sahara</a> <a title="Desert" href="http://en.wikipedia.org/wiki/Desert">Desert</a> are sparsely inhabited. About half of Egypt's residents live in the densely-populated centres of greater <a title="Cairo" href="http://en.wikipedia.org/wiki/Cairo">Cairo</a>, <a title="Alexandria" href="http://en.wikipedia.org/wiki/Alexandria">Alexandria</a> and other major cities in the <a title="Nile Delta" href="http://en.wikipedia.org/wiki/Nile_Delta">Nile Delta</a>.<br />Egypt is famous for its <a title="Ancient Egypt" href="http://en.wikipedia.org/wiki/Ancient_Egypt">ancient civilization</a> and some of the world's most famous monuments, including the <a title="Giza pyramid complex" href="http://en.wikipedia.org/wiki/Giza_pyramid_complex">Giza pyramid complex</a> and its <a title="Great Sphinx of Giza" href="http://en.wikipedia.org/wiki/Great_Sphinx_of_Giza">Great Sphinx</a>. The southern city of <a title="Luxor" href="http://en.wikipedia.org/wiki/Luxor">Luxor</a> contains numerous ancient artefacts, such as the <a title="Karnak" href="http://en.wikipedia.org/wiki/Karnak">Karnak</a> Temple and the <a title="Valley of the Kings" href="http://en.wikipedia.org/wiki/Valley_of_the_Kings">Valley of the Kings</a>. Egypt is widely regarded as an important political and cultural nation of the <a title="Middle East" href="http://en.wikipedia.org/wiki/Middle_East">Middle East</a>.BEST FOREX BLOGhttp://www.blogger.com/profile/13673739637587376388noreply@blogger.com0tag:blogger.com,1999:blog-3574567162768107202.post-75518461845829550402009-06-16T22:29:00.000-07:002009-06-16T22:31:53.607-07:00Behrain Forex<a title="Bahrain" href="http://en.wikipedia.org/wiki/Bahrain">Bahrain</a>, officially known as the Kingdom of Bahrain, is an <a title="Island country" href="http://en.wikipedia.org/wiki/Island_country">island country</a> in the <a title="Persian Gulf" href="http://en.wikipedia.org/wiki/Persian_Gulf">Persian Gulf</a>. <a title="Saudi Arabia" href="http://en.wikipedia.org/wiki/Saudi_Arabia">Saudi Arabia</a> lies to the west and is connected to Bahrain by the <a title="King Fahd Causeway" href="http://en.wikipedia.org/wiki/King_Fahd_Causeway">King Fahd Causeway</a> (officially opened on <a title="November 25" href="http://en.wikipedia.org/wiki/November_25">November 25</a>, <a title="1986" href="http://en.wikipedia.org/wiki/1986">1986</a>), and <a title="Qatar" href="http://en.wikipedia.org/wiki/Qatar">Qatar</a> is to the south across the Gulf of Bahrain. The <a title="Qatar–Bahrain Friendship Bridge" href="http://en.wikipedia.org/wiki/Qatar%C3%A2%E2%82%AC%E2%80%9CBahrain_Friendship_Bridge">Qatar–Bahrain Friendship Bridge</a> being planned will link Bahrain to Qatar as the longest fixed link in the world<a title="" href="http://en.wikipedia.org/wiki/Wikipedia:WikiProject_Topical_outlines/Draft/Topical_outline_of_Bahrain#cite_note-0">[1]</a>.<br />The following <a class="new" title="Topic outline (page does not exist)" href="http://en.wikipedia.org/w/index.php?title=Topic_outline&action=edit&redlink=1">topic outline</a> is provided as an overview of and introduction to Bahrain:BEST FOREX BLOGhttp://www.blogger.com/profile/13673739637587376388noreply@blogger.com0tag:blogger.com,1999:blog-3574567162768107202.post-72229384409202444862009-06-16T21:37:00.000-07:002009-06-16T21:38:10.919-07:00PAKISTAN FOREXThe foreign exchange market (Currency, Forex, or FX) market is where currency trading takes place. It is where banks and other official institutions facilitate the buying and selling of foreign currencies. <a title="" style="background-image: none; color: rgb(0, 43, 184); white-space: nowrap; text-decoration: none;" href="http://en.wikipedia.org/wiki/Foreign_exchange_market#cite_note-0">[1]</a>FX transactions typically involve one party purchasing a quantity of one currency in exchange for paying a quantity of another. The foreign exchange market that we see today started evolving during the 1970s when worldover countries gradually switched to <a title="Floating exchange rate" style="background-image: none; color: rgb(0, 43, 184); text-decoration: none;" href="http://en.wikipedia.org/wiki/Floating_exchange_rate">floating exchange rate</a> from their erstwhile <a title="Exchange rate regime" style="background-image: none; color: rgb(0, 43, 184); text-decoration: none;" href="http://en.wikipedia.org/wiki/Exchange_rate_regime">exchange rate regime</a>, which remained <a title="Fixed exchange rate" style="background-image: none; color: rgb(0, 43, 184); text-decoration: none;" href="http://en.wikipedia.org/wiki/Fixed_exchange_rate">fixed</a> as per the <a title="Bretton Woods system" style="background-image: none; color: rgb(0, 43, 184); text-decoration: none;" href="http://en.wikipedia.org/wiki/Bretton_Woods_system">Bretton Woods system</a> till 1971.<br />Today, the FX market is one of the largest and most <a class="mw-redirect" title="Liquidity" style="background-image: none; color: rgb(0, 43, 184); text-decoration: none;" href="http://en.wikipedia.org/wiki/Liquidity">liquid</a> financial markets in the world, and includes trading between large banks, <a title="Central bank" style="background-image: none; color: rgb(0, 43, 184); text-decoration: none;" href="http://en.wikipedia.org/wiki/Central_bank">central banks</a>, currency <a class="mw-redirect" title="Speculators" style="background-image: none; color: rgb(0, 43, 184); text-decoration: none;" href="http://en.wikipedia.org/wiki/Speculators">speculators</a>, corporations, <a class="mw-redirect" title="Governments" style="background-image: none; color: rgb(0, 43, 184); text-decoration: none;" href="http://en.wikipedia.org/wiki/Governments">governments</a>, and other institutions. The average daily volume in the global foreign exchange and related markets is continuously growing. Traditional daily turnover was reported to be over <a class="mw-redirect" title="US$" style="background-image: none; color: rgb(0, 43, 184); text-decoration: none;" href="http://en.wikipedia.org/wiki/US$">US$</a>3.2 trillion in April 2007 by the <a title="Bank for International Settlements" style="background-image: none; color: rgb(0, 43, 184); text-decoration: none;" href="http://en.wikipedia.org/wiki/Bank_for_International_Settlements">Bank for International Settlements</a>.<a title="" style="background-image: none; color: rgb(0, 43, 184); white-space: nowrap; text-decoration: none;" href="http://en.wikipedia.org/wiki/Foreign_exchange_market#cite_note-BIS-1">[2]</a> Since then, the market has continued to grow. According to Euromoney's annual FX Poll, volumes grew a further 41% between 2007 and 2008.<a title="" style="background-image: none; color: rgb(0, 43, 184); white-space: nowrap; text-decoration: none;" href="http://en.wikipedia.org/wiki/Foreign_exchange_market#cite_note-EMF-2">[3]</a><br />The purpose of FX market is to facilitate trade and investment. The need for a foreign exchange market arises because of the presence of multifarious international currencies such as US Dollar, Pound Sterling, etc., and the need for trading in such currencies.BEST FOREX BLOGhttp://www.blogger.com/profile/13673739637587376388noreply@blogger.com0tag:blogger.com,1999:blog-3574567162768107202.post-7593595144974516842009-06-16T21:35:00.000-07:002009-06-16T21:36:54.458-07:00KENYA FOREX<a title="Kenya" href="http://en.wikipedia.org/wiki/Kenya">Kenya</a>, officially the Republic of Kenya, is a country in <a title="East Africa" href="http://en.wikipedia.org/wiki/East_Africa">East Africa</a>. It is bordered by <a title="Ethiopia" href="http://en.wikipedia.org/wiki/Ethiopia">Ethiopia</a> to the north, <a title="Somalia" href="http://en.wikipedia.org/wiki/Somalia">Somalia</a> to the east, <a title="Tanzania" href="http://en.wikipedia.org/wiki/Tanzania">Tanzania</a> to the south, <a title="Uganda" href="http://en.wikipedia.org/wiki/Uganda">Uganda</a> to the west, and <a title="Sudan" href="http://en.wikipedia.org/wiki/Sudan">Sudan</a> to the northwest, with the <a title="Indian Ocean" href="http://en.wikipedia.org/wiki/Indian_Ocean">Indian Ocean</a> running along the southeast <a title="Border" href="http://en.wikipedia.org/wiki/Border">border</a>. The country is named after <a title="Mount Kenya" href="http://en.wikipedia.org/wiki/Mount_Kenya">Mount Kenya</a>, a very significant landmark,<a title="" href="http://en.wikipedia.org/wiki/Wikipedia:WikiProject_Topic_outline/Drafts/Topic_outline_of_Kenya#cite_note-times_kenya_colony-0">[1]</a><a title="" href="http://en.wikipedia.org/wiki/Wikipedia:WikiProject_Topic_outline/Drafts/Topic_outline_of_Kenya#cite_note-1">[2]</a> and both were originally usually pronounced ˈkiːnjə<a title="" href="http://en.wikipedia.org/wiki/Wikipedia:WikiProject_Topic_outline/Drafts/Topic_outline_of_Kenya#cite_note-oed_kenya-2">[3]</a> in English although the native pronunciation and the one intended by the original transcription Kenia was ˈkenia.<a title="" href="http://en.wikipedia.org/wiki/Wikipedia:WikiProject_Topic_outline/Drafts/Topic_outline_of_Kenya#cite_note-3">[4]</a> During the presidency of <a title="Jomo Kenyatta" href="http://en.wikipedia.org/wiki/Jomo_Kenyatta">Jomo Kenyatta</a> in the 1960s, the current pronunciation ˈkɛnjə became widespread in English too because his name was pronounced according to the original native pronunciation.<a title="" href="http://en.wikipedia.org/wiki/Wikipedia:WikiProject_Topic_outline/Drafts/Topic_outline_of_Kenya#cite_note-foottit-4">[5]</a> Before 1920, the area now known as Kenya was known as the British East Africa Protectorate and so there was no need to mention mount when referring to the mountainBEST FOREX BLOGhttp://www.blogger.com/profile/13673739637587376388noreply@blogger.com0