chart

USD EUR JPY GBP CHF CAD AUD HKD


HKD 7.7506 11.2949 0.0843 12.8287 7.4528 7.186 6.6645

AUD 1.163 1.6948 0.0126 1.9249 1.1183 1.0783 0.15

CAD 1.0786 1.5718 0.0117 1.7852 1.0371 0.9274 0.1392

CHF 1.04 1.5155 0.0113 1.7213 0.9642 0.8942 0.1342

GBP 0.6042 0.8804 0.0066 0.5809 0.5602 0.5195 0.078

JPY 91.984 134.0483 152.2519 88.4504 85.2841 79.0943 11.8681

EUR 0.6862 0.0075 1.1358 0.6598 0.6362 0.59 0.0885

USD 1.4573 0.0109 1.6552 0.9616 0.9272 0.8599 0.129







Chart of september 10

Managment Fundamentals

Management Fundamentals

This training workshop is a tool for your leadership development. It is designed to help you create and accomplish your personal best, and to help you lead others to get extraordinary things done. At its core, leadership means setting goals, lighting a path, and persuading others to follow. But the responsibility entails much more. By accepting the challenge to lead, you come to realize that the only limits are those you place on yourself.

Upon completion of the program, you shall be able to :

1. Identify your leadership profile and explore how you can use this knowledge to create your own future

2. Assess your leadership competencies and learn how you can develop your strengths

3. Identify those additional skills and tools that can make you a better leader

4. Develop your ability to influence and communicate with others

5. Become a better problem-solver and decision-maker

6. Discover how you can prepare for and embrace the forces of change

7. Create a strategy to actively use these skills back in the workplace

Forex Mini Account

FOREX MINT TRADING
If you are just starting out in foreign currency trading then you will almost certainly want to start by trying your hand with a mini Forex trading account. Although it varies from one broker to the next, a Forex trading account can usually be opened with $2,500 or more. However, for those who are new to the world of currency trading then a Forex mini trading account can often be opened for as little as just $250.
A standard account will usually be operated in trading lots of 100,000 (meaning that you have to purchase 100,000 dollars, euros, yen etc.) whereas a mini Forex account you will normally allow you to trade in lots of just 10,000.
A mini Forex trading account operates by allowing you to use leverage in trading so that you are effectively trading with more money than you actually have in your account. The leverage available will vary between brokers, but is typically in the region of 200 to 1.
So, what does this mean?
If we assume that the minimum required to trade a lot is $10,000 then, with a leverage of 200 to 1, you would be able to trade with as little as $50 ($50 X 200 = $10,000) and so, with an initial deposit of $250, you would be able to trade up to 5 lots.
This is of course a very simple introduction to online mini account Forex trading and there is a little bit more to it than portrayed here.
Nevertheless, the principle behind Forex mini trading is simply to allow those who are just starting out in the world of foreign exchange trading to learn the ropes without investing too much money or taking too high a risk.
Just look for Forex mini online or a Forex managed mini account and find a broker who offers a Forex mini demo and the best mini Forex fully automated trading

RACE

RACE

“Quit! Give up! You are beaten!

They shout at me and plead.”

“There is just too much against you now

This time you cannot succeed.”

And as I start to hang my head

In front of failure’s face,

My downward fall is broken by

The memory of a race.

And hope refills my weakened will

As I recall that scene;

For just the thought of that short race

Rejuvenates my being.

Children’s race-young boys, young men-

How I remember well.

Excitement, sure! But also fear;

It was not hard to tell.

They all lined up so full of hope;

Each thought to win that race.

Or tie for first, or if not that,

At least take second place.

And fathers watched from off the side

Each cheering for his son.

And each boy hoped to show his dad

That he would be the one.

The   whistle blew and off they went,

Young hearts and hopes a fire.

To win and be the hero there

As each young boy’s desire.

And one boy in particular,

Whose dad was in the crowd,

Was running near the lead and thought

‘My dad will be so proud!

But as they sped down the field

Across a shallow dip,

The little boy so thought to win

Lost his step and slipped.

Trying hard to catch himself

His hands flew out to brace,

But mid the laughter of the crowd

He fell flat on his face.

So down he fell and with him hope

He could not win it how0-

Embarrassed, sad, he only wished

To disappear somehow.

But as he fell his dad stood up,

And showed his anxious face,

Which to the boy so clearly said,

“Get up and win the race.”

He quickly rose, no damage done,

Behind a bit,’ that’s all.

And ran with all his mind an might

To make up for his fall.

So anxious to restore himself

To catch up and to win-

Him mind went faster than his legs;

He slipped and fell again!

He wished then he had quit before,

With only one disgrace.

“I am hopeless as a runner now;

I should not try to race.”

But in laughing crowd he searched

And found his father’s face;

That steadily looks which said again;

“Get up and win the race!”

So up he jumped to try again

Ten yards behind the last-

“If I am to gain those yards “he thought,

I have got to move real fast.”

Exerting everything he had

He regained eight or ten.

But trying so hard to catch the lead

He slipped and fell again!

Defeat! He lay there silently

A tear dropped from his eyes-

“ there’s no sense running anymore;

Three strikes: I am out! Why try!”

The will to rise had disappeared;

All hope had fled away;

So far behind, so error prone;

A loser all the way.

“ I have lost, so what’s the use, “he thought.

I’ll live with my disgrace.”

But then he thought about his dad

Who soon he’d have to face.

“Get up “an echo sounded low.

“Get up and take your place;

You are not meant to failure here

Get up and win the race”

“With borrowed will get up.” It said

‘You have not lost at all.

For winning is not more than this:

“To rise each time you fall.”

So up he rose to run once more,

And with a new commit.

He resolved that win or lose

At least he would not quit.

So far behind the others now.

The most held ever been-

Still he gave it all he had

And ran as though to win.

Three times he’d fallen, stumbling;

Three times he rose again;

Too far behind to hope to win

He still ran to the end

They cheered the winning runner,

As he crossed ht line first place,

Head high, and proud and happy;

No falling, no disgrace

But when the fallen youngster

Crossed the line last place.

The crowd gave him the greater cheers.

For finishing the race.

And even though he came in the last

With head bowed low, unproud,

You would have thought he’d won the race

To listen to the crowd.

And to his dad he sadly said,

“I did not do too well.”

“to me , you won, “ his father said.

“you rose each time you fell.”

And now when thing seem dark and hard

And difficult to face.

The memory of that  little boy

Helps me in my race.

For all of life is like that race

With ups and downs and all.

‘AND ALL YOU HAVE TO DO TO WIN

IS RISE EACH TIME YOU FALL’

POEM BY- DEE GROBERG

Getting Started in Forex

Getting Started In Forex

The forex (FX) market has many similarities to the equity markets; however, there are some key differences. This article will show you those differences and help you get started in forex trading.

Choosing a Broker
There are many forex brokers to choose from, just as in any other  market. Here are some things to look for:

• Low Spreads - The spread, calculated in "pips",  is the difference between the price at which a currency can be purchased and the price at which it can be sold at any given point in time. Forex brokers don't charge a commission, so this difference is how they make money. In comparing brokers, you will find that the difference in spreads in forex is as great as the difference in commissions in the stock arena.
  Bottom line: Lower spreads save you money!
  
  
• Quality Institution - Unlike equity brokers, forex brokers are usually tied to large banks or lending institutions because of the large amounts of capital required (leverage they need to provide). Also, forex brokers should be registered with the Futures Commission Merchant (FCM) and regulated by the Commodity Futures Trading Commission (CFTC). You can find this and other financial information and statistics about a forex brokerage on its website or on the website of its parent company.
  Bottom line: Make sure your broker is backed by a reliable institution!
  
  
• Extensive Tools and Research - Forex brokers offer many different trading platforms for their clients - just like brokers in other markets. These trading platforms often feature real-time charts, technical analysis tools, real-time news and data, and even support for trading systems. Before committing to any broker, be sure to request free trials to test different trading platforms. Brokers usually also provide technical and fundamental commentaries, economic calendars and other research.
  Bottom line: Find a broker who will give you what you need to succeed!
  
  
• Wide Range of Leverage Options - Leverage is necessary in forex because the price deviations (the sources of profit) are merely fractions of a cent. Leverage, expressed as a ratio between total capital available to actual capital, is the amount of money a broker will lend you for trading. For example, a ratio of 100:1 means your broker would lend you $100 for every $1 of actual capital. Many brokerages offer as much as 250:1. Remember, lower leverage means lower risk of a margin call, but also lower bang for your buck (and vice-versa).
  Bottom line: If you have limited capital, make sure your broker offers high leverage. If capital is not a problem, any broker with a wide variety of leverage options should do. A variety of options lets you vary the amount of risk you are willing to take. For example, less leverage (and therefore less risk) may be preferable for highly volatile (exotic) currency pairs.
  
  
• Account Types - Many brokers offer two or more types of accounts. The smallest account is known as a mini account and requires you to trade with a minimum of, say, $250, offering a high amount of leverage (which you need in order to make money with so little initial capital). The standard account lets you trade at a variety of different leverages, but it requires a minimum initial capital of $2,000. Finally, premium accounts, which often require significant amounts of capital, let you use different amounts of leverage and often offer additional tools and services.
  Bottom line: Make sure the broker you choose has the right leverage, tools, and services relative to your amount of capital.

Things To Avoid

• Sniping or Hunting - Sniping and hunting - or prematurely buying or selling near preset points - are shady acts committed by brokers to increase profits. Obviously, no broker admits to committing these acts, but a notion that a broker has practiced sniping or hunting is commonly believed to be true. Unfortunately, the only way to determine which brokers do this and which brokers don't is to talk to fellow traders. There is no blacklist or organization that reports such activity.
  Bottom line: Talk to others in person or visit online discussion forums to find out who is an honest broker.
  
  
• Strict Margin Rules - When you are trading with borrowed money, your broker has a say in how much risk you take. As such, your broker can buy or sell at its discretion, which can be a bad thing for you. Let's say you have a margin account, and your position takes a dive before rebounding to all-time highs. Well, even if you have enough cash to cover, some brokers will liquidate your position on a margin call at that low. This action on their part can cost you dearly.
  Bottom line: Again, talk to others in person or visit online discussion forums to find out who the honest brokers are.

Signing up for a forex account is much the same as getting an equity account. The only major difference is that, for forex accounts, you are required to sign a margin agreement. This agreement states that you are trading with borrowed money, and, as such, the brokerage has the right to interfere with your trades to protect its interests. Once you sign up, simply fund your account, and you'll be ready to trade!

Define a Basic Forex Strategy
Technical analysis and fundamental analysis are the two basic genres of strategy in the forex market - just like in the equity markets. But technical analysis is by far the most common strategy used by individual forex traders. Here is a brief overview of both forms of analysis and how they apply to forex:

Fundamental Analysis
If you think it's difficult to value one company, try valuing a whole country! Fundamental analysis in the forex market is often very complex, and it's usually used only to predict long-term trends; however, some traders do trade short term strictly on news releases. There are many different fundamental indicators of currency values released at many different times. Here are a few:

• Non-farm Payrolls
• Purchasing Managers Index (PMI)
• Consumer Price Index (CPI)
• Retail Sales
• Durable Goods

Now, these reports are not the only fundamental factors to watch. There are also several meetings from which come quotes and commentary that can affect markets just as much as any report. These meetings are often called to discuss interest rates, inflation, and other issues that affect currency valuations. Even changes in wording when addressing certain issues - the Federal Reserve chairman's comments on interest rates, for example - can cause market volatility. Two important meetings to watch are the Federal Open Market Committee and Humphrey Hawkins Hearings.

Simply reading the reports and examining the commentary can help forex fundamental analysts gain a better understanding of long-term market trends and allow short-term traders to profit from extraordinary happenings. If you choose to follow a fundamental strategy, be sure to keep an economic calendar handy at all times so you know when these reports are released. Your broker may also provide real-time access to such information.

Technical Analysis
Like their counterparts in the equity markets, technical analysts of the forex analyze price trends. The only key difference between technical analysis in forex and technical analysis in equities is the time frame: forex markets are open 24 hours a day. As a result, some forms of technical analysis that factor in time must be modified to work with the 24-hour forex market. These are some of the most common forms of technical analysis used in forex:

• The Elliott Waves
• Fibonacci studies
• Parabolic SAR
• Pivot points

Many technical analysts combine technical studies to make more accurate predictions. (The most common is combining the Fibonacci studies with Elliott Waves.) Others create trading systems to repeatedly locate similar buying and selling conditions.

Finding Your Strategy
Most successful traders develop a strategy and perfect it over time. Some people focus on one particular study or calculation, while others use broad spectrum analysis to determine their trades. Most experts suggest trying a combination of both fundamental and technical analysis, with which you can make long-term projections and also determine entry and exit points. But in the end, it is the individual trader who needs to decide what works best for him or her (most often through trial and error).

Things to Remember

• Open a demo account and paper trade until you can make a consistent profit - Many people jump into the forex market and quickly lose a lot of money (because of leverage). It is important to take your time and learn to trade properly before committing capital. The best way to learn is by doing!
  
  
• Trade without emotion - Don't keep "mental" stop-loss points if you don't have the ability to execute them on time. Always set your stop-loss and take-profit points to execute automatically, and don't change them unless absolutely necessary. Make your decisions and stick to them!
  
  
• The trend is your friend – If you go against the trend, you had better have a good reason. Because the forex market tends to trend more than move sideways, you have a higher chance of success in trading with the trend.

Conclusion
The forex market is the largest market in the world, and individuals are becoming increasingly interested in it. But before you begin trading it, be sure your broker meets certain criteria, and take the time to find a trading strategy that works for you. Remember, the best way to learn to trade forex is to open up a demo account and try it out.

५ फेअतुरेस ऑफ़ forex

5 Reasons to start Forex

A Market Which Never Closes
Many of the trading markets around the world are situated in fixed locations and operate within strict trading hours, often limited to just five or six hours a day between Monday and Friday. The Forex market however is open 24 hours a day.
This means that traders can not only take advantage of international events and react literally as they happen, but they also have the ability set their own trading hours. If you prefer to work in the mornings then that’s fine but, if this doesn’t suit you, then you can choose to trade during the afternoon, late evening or even in the middle of the night if you want to.
Low Trading Costs
In many markets, like the equity market, traders not only have to pay a spread (the difference in price between buying and selling a stock) but also have to pay a commission to the broker. On small trades this commission can typically be about $20 and this can rise rapidly to over $100 for larger trades.
Because the foreign currency exchange market is a wholly electronic market many of the traditional trading costs are eliminated and you are in affect reduced to paying nothing more than the spread. In addition, the extremely liquid nature of the global currency exchange market means that spreads are normally much tighter than those seen in other markets.
The Ability To Trade On High Leverage
In most markets where a trader has an opportunity to trade on leverage the leverage offered is often quite low. In the case of equity markets, for example, professional equity day traders will normally operate on a leverage of about ten times their capital. In the Forex market by contrast it is quite common to find that traders are permitted to trade at one hundred to two hundred times their capital.
A downside of high leverage is that it can of course lead to high losses as well as high gains. However, within the foreign currency market, risk management is extremely tightly controlled.
Limited Slippage
In currency trading trades are executed immediately using real-time prices at which firms will buy or sell the currencies quoted. In almost all cases this means that the price you see and the price you pay are the same.
This is not often the case in other markets where there can be often considerable delays between placing an order and that order being executed during which time the price will often move against you.
The Chance To Profit In Both Rising And Falling Markets
Equity markets follow rising and falling trends (cycling between Bull and Bear markets), but the Forex market does not suffer this cycling which comes from structural bias in the market.
World currency trading always involves two currencies so that if you are down on one currency then you are up on the other. There is therefore always the potential for making a profit whether the market is rising or falling.
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