What is Forex ?

The Foreign Exchange market, also referred to as the "Forex" or "FX" market, is the largest financial market in the world, with a daily average turnover of approximately US$1.5 trillion. Foreign Exchange is the simultaneous buying of one currency and selling of another. The world’s currencies are on a floating exchange rate and are always traded in pairs, for example Euro/Dollar or Dollar/Yen.

The Seven Most Traded Currencies in FOREX

Currencies are traded in dollar amounts called “lots”. One lot is equal to $1,000, which controls $100,000 in currency. This is what is known as the "margin". You can control $100,000 worth of currency for only 1,000 dollars. This is what is called “High Leverage”.

Currencies are always traded in pairs in the FOREX. The pairs have a unique notation that expresses what currencies are being traded. The symbol for a currency pair will always be in the form ABC/DEF. ABC/DEF is not a real currency pair, it is an example of a symbol for a currency pair. In this example ABC is the symbol for one countries currency and DEF is the symbol for another countries currency.

Here are some of the common symbols used in the Forex:

USD - The US Dollar EUR - The currency of the European Union "EURO" GBP - The British Pound JPN - The Japanese Yen CHF - The Swiss Franc AUD - The Australian Dollar CAD - The Canadian Dollar

There are symbols for other currencies as well, but these are the most commonly traded ones.

A currency can never be traded by itself. So you can not ever trade a EUR by itself. You always need to compare one currency with another currency to make a trade possible.

Some of the common PAIRS are:

EUR/USD Euro / US Dollar "Euro"

USD/JPY US Dollar / Japanese Yen "Dollar Yen"

GBP/USD British Pound / US Dollar "Cable"

USD/CAD US Dollar / Canadian Dollar "Dollar Canada"

AUD/USD Australian Dollar/US Dollar "Aussie Dollar"

USD/CHF US Dollar / Swiss Franc "Swissy"

EUR/JPY Euro / Japanese Yen "Euro Yen"

The listed currency pairs above look like a fraction. The numerator (top of the fraction or "left" of the / however you want to SEE it) is called the base currency. The denominator (bottom of the fraction or "right" of the /however you want to SEE it) is called the counter currency. When you place an order to buy the EUR/USD, for instance, you are actually buying the EUR and selling the USD. If you were to sell the pair, you would be selling the EUR and buying the USD. So if you buy or sell a currency PAIR, you are buying/selling the base currency. You are always doing the opposite of what you did with to base currency with the counter currency.

If this seems confusing then you’re in luck. You can always get by with just thinking of the entire pair as one item. Then you are just buying or selling that one item. Thinking like this will still enable you to place trades. You only need to be aware of the base/counter concept for Fundamental Analysis issues.

So why is it important to know about the base/counter currency? The base/counter currency concept illustrates what is actually taking place in a Forex transaction. Some of you reading this, know that short-selling was restricted in the stock market *(Short-selling is where you sell a stock/currency/option/commodity first and then try to buy it back at a lower price later). But in the FOREX you are always buying one currency (base) and selling another (counter). If you sell the pair you are simply flipping which one you buy and which one you sell. The transaction is essentially the same. This allows you to short-sell with no restrictions.

I AM Nothing!

Some hands are so important for me
Cause without them I am nothing
They protect me and tell me the way of life
They show me the world from their eyes
When I was too little to understand this world

Some hands are so important for me
Cause without them I am nothing
They hold my hand
They wipe out my tears
When I was so upset and couldn’t understand what to do next

Some hands are so important for me
Cause without them I am nothing
They motivate my work
They encourage me for everything
When everyone ignored me but they are always stand behind

Some hands are so important for me
Cause without them I am nothing
They care me but don’t show that they were
They love me but don’t show that they were
Without them I wouldn’t be able to stand and go ahead!

Life

It is a wonderful gift from Him to us
It’s a task which we have to be done
In what manner and how to be perform
He tell us in His own way
If we follow it; we get our heaven
If we don’t; the hell will be waiting for us
So now it’s up to us; what we have in life after death
Is it heaven or is it hell.

Life goes on...

Some people live and some people die
But still life goes on…
Some still on the same side and some people switch their ways
But still life goes on…
Some task are done and some to be left
But still life goes on…
Some shows are ended and some are to be continued
But still life goes on…
Some plans are achieved and some are failed
But still life goes on…
Some decision to be made and some are already made
But still life goes on…
Some meetings have to be organized and some are organized but not be succeed
But still life goes on…
Some have to achieved their goals but unfortunately they couldn’t
But still life goes on…
Some friends are so closed but at times they shows their faces
But still life goes on…
Some souls are born to live and some are live to die
But still life goes on…

Promoting Habits

"There are two kinds of habits: promoting habits and demoting habits. Demoting habits make you unhappy physically, mentally and spiritually. Promoting habits make you happy physically, mentally and spiritually. In your life, if your have all the habits which are promoting habits, you will end up as a liberated, divine person. If you have demoting habits, you will always end up as a physical wreck, mentally insane, and/or spiritually defunct." - Yogi Bhajan

Don Miguel Ruiz's “Four Agreements"

1. Be impeccable with your word.
2. Don't take anything personally.
3. Don't make assumptions.
4. Always do your best.

I spent the day at home. I enjoyed a 3.5 mile walk and taijiquan practice, gardening, reading, and writing. It was a beautiful warm late winter day for gardening. I mowed, picked up downed branches and twigs, weeded, and planted climbing peas and tomatoes. Lots of time for thinking and reflection while gardening.

Past and Present

I remember, I remember
The house where I was born,
The little window where the sun
Came peeping in at morn;
He never came a wink too soon
Nor brought too long a day;
But now I often wish the night
Had borne my breath away.

I remember, I remember
The roses, red and white,
The violets and the lily-cups
Those flowers made of light!
The lilacs where the robin built,
And where my brother set
The laburnum on his birth-day,
The tree is living yet!

I remember, I remember
Where I was used to swing,
And thought the air must rush as fresh
To swallows on the wing;
My spirit flew in feathers then
That is so heavy now,
And summer pools could hardly cool
The fever on my brow.

I remember, I remember
The fir trees dark and high;
I used to think their slender tops
Were close against the sky;
It was a childish ignorance,
But now ‘tis little joy
To know I’m farther off from Heaven
Than when I was a boy.

T. Hood

Global warming is a big problem please do your little bit to cut back and change the world.

1. Do not leave appliances on standbyUse the "on/off" function on the machine itself. A TV set that's switched on for 3 hours a day (the average time Europeans spend watching TV) and in standby mode during the remaining 21 hours uses about 40% of its energy in standby mode.

2. Move your fridge and freezerPlacing them next to the cooker or boiler consumes much more energy than if they were standing on their own. For example, if you put them in a hot cellar room where the room temperature is 30-35ºC, energy use is almost double and causes an extra 160kg of CO2 emissions for fridges per year and 320kg for freezers.

3. Cover your pots while cookingDoing so can save a lot of the energy needed for preparing the dish. Even better are pressure cookers and steamers: they can save around 70%!

4. Use the washing machine or dishwasher only when they are fullIf you need to use it when it is half full, then use the half-load or economy setting. There is also no need to set the temperatures high. Nowadays detergents are so efficient that they get your clothes and dishes clean at low temperatures.

5. Take a shower instead of a bathA shower takes up to four times less energy than a bath. To maximise the energy saving, avoid power showers and use low-flow showerheads, which are cheap and provide the same comfort.

6. Use less hot waterIt takes a lot of energy to heat water. You can use less hot water by installing a low flow showerhead (350 pounds of carbon dioxide saved per year) and washing your clothes in cold or warm water (500 pounds saved per year) instead of hot.

7. Be sure you’re recycling at homeYou can save 2,400 pounds of carbon dioxide a year by recycling half of the waste your household generates.

8. Buy intelligentlyOne bottle of 1.5l requires less energy and produces less waste than three bottles of 0.5l. As well, buy recycled paper products: it takes less 70 to 90% less energy to make recycled paper and it prevents the loss of forests worldwide.

9. Choose products that come with little packaging and buy refills when you canYou will also cut down on waste production and energy use... another help against global warming.

10. Reuse your shopping bagWhen shopping, it saves energy and waste to use a reusable bag instead of accepting a disposable one in each shop. Waste not only discharges CO2 and methane into the atmosphere, it can also pollute the air, groundwater and soil.

11. Reduce wasteMost products we buy cause greenhouse gas emissions in one or another way, e.g. during production and distribution. By taking your lunch in a reusable lunch box instead of a disposable one, you save the energy needed to produce new lunch boxes.

12. Plant a treeA single tree will absorb one ton of carbon dioxide over its lifetime. Trees are important because they provide shade and protection from the sun. Not only that they also provide a home to wild birds and animals.

13. Switch to green powerIn many areas, you can switch to energy generated by clean, renewable sources such as wind and solar. In some of these, you can even get refunds by government if you choose to switch to a clean energy producer, and you can also earn money by selling the energy you produce and don't use for yourself.

14. Eat less meatMethane is the second most significant greenhouse gas and cows are one of the greatest methane emitters. Their grassy diet and multiple stomachs cause them to produce methane, which they exhale with every breath.

15. Reduce the number of miles you drive by walking, biking, carpooling or taking mass transit wherever possibleAvoiding just 10 miles of driving every week would eliminate about 500 pounds of carbon dioxide emissions a year! Look for transit options in your area.

16. Start a carpool with your coworkers or classmatesSharing a ride with someone just 2 days a week will reduce your carbon dioxide emissions by 1,590 pounds a year. eRideShare.com runs a free service connecting north american commuters and travelers.

17. Drive carefully and do not waste fuelYou can reduce CO2 emissions by readjusting your driving style. Choose proper gears, do not abuse the gas pedal, use the engine brake instead of the pedal brake when possible and turn off your engine when your vehicle is motionless for more than one minute. By readjusting your driving style you can save money on both fuel and car mantainance.

18. Check your tires weekly to make sure they’re properly inflatedProper tire inflation can improve gas mileage by more than 3%. Since every gallon of gasoline saved keeps 20 pounds of carbon dioxide out of the atmosphere, every increase in fuel efficiency makes a difference!

19. Try car sharingNeed a car but don’t want to buy one? Community car sharing organizations provide access to a car and your membership fee covers gas, maintenance and insurance. Many companies – such as Flexcar - offer low emission or hybrid cars too! Also, see ZipCar.