FOREX (FOReign EXchange market) is an international foreign exchange market, where money is sold and bought freely. In its present condition FOREX was launched in the 1970s, when free exchange rates were introduced, and only the participants of the market determine the price of one currency against the other proceeding from supply and demand.As far as the freedom from any external control and free competition are concerned, FOREX is a perfect market. It is also the biggest liquid financial market. According to various assessments, money masses in the market constitute from 1 to 1.5 trillion US dollars a day. (It is impossible to determine an absolutely exact number because trading is not centralized on an exchange.) Transactions are conducted all over the world via telecommunications 24 hours a day from 00:00 GMT on Monday to 10:00 pm GMT on Friday. Practically in every time zone (that is, in Frankfurt-on-Main, London, New York, Tokyo, Hong Kong, etc.) there are dealers who will quote currencies.
FOREX is a more objective market, because if some of its participants would like to change prices, for some manipulative purpose, they would have to operate with tens of billions dollars. That is why any influence by a single participants in the market is practically out of the question. The superior liquidity allows the traders to open and/or close positions within a few seconds. The time of keeping a position is arbitrary and has no limits: from several seconds to many years. It depends only on your trading strategies. Although the daily fluctuations of currencies are rather insignificant, you may use the credit lines, that are accessible even to currency speculators with small capitals ($ 1,000 - 5,000), where the profit may be impressive. (You can learn more about it in the section: The main principles of trading.)
The idea of marginal trading stems from the fact that in FOREX speculative interests can be satisfied without a real money supply. This decreases overhead expenses for transferring money and gives an opportunity to open positions with a small account in US dollars, buying and selling a lot of other currencies. That is, on can conduct transactions very quickly, getting a big profit, when the exchange rates go up or down. Many speculative transactions in the international financial markets are made on the principles of marginal trading.
Margin trading is trading with a borrowed capital. Marginal trading in an exchange market uses lots. 1 lot equals approximately $100,000, but to open it it is necessary to have only from 0.5% to 4% of the sum.
For example, you have analyzed the situation in the market and come to the conclusion that the pound will go up against the dollar. You open 1 lot for buying the pound (GBP) with the margin 1% (1:1000 leverage) at the price of 1.49889 and wait for the exchange rate to go up. Some time later your expectations become true. You close the position at 1.5050 and earn 61 pips (about $ 405). For the calculation of 1 pip click here.
Everyday fluctuations of currencies constitute about 100 to 150 pips, giving FX traders an opportunity to make money on these changes.
In FOREX, it’s not obligatory to buy some currency first in order to sell it later. It’s possible to open positions for buying and selling any currency without actually having it. Usually Internet-brokers establish the minimum deposit such as $ 2000, for working in the FOREX market, and grant a leverage of 1:100. That is, opening the position at $100,000, a trader invests $1,000 and receives $99.000 as a credit. The major currencies traded in FOREX, are Euro (EUR), Japanese yen (JPY), British Pound (GBP), and Swiss Franc (CHF). All of them are traded against the US dollar (USD).
In order to assess the situation in the market a trader has to be able to use fundamental and/or technical analysis, as well as to make decisions in the constantly changing current of information about political and economic character. Most small and medium players in financial markets use technical analysis. Technical analysis presupposes that all the information about the market and its further fluctuations is contained in the price chain. Any factor, that has some influence on the price, be it economic, political or psychological, has already been considered by the market and included in the price. The initial data for a technical analysis are prices: the highest and the lowest prices, the price of opening and closing within a certain period of time, and the volume of transactions.
A technical analysis is founded on three suppositions:
Movement of the market considers everything;
Movement of prices is purposeful;
History repeats itself.
That is, technical analysis is a statistical and mathematical analysis of previous quotes and a prognosis of coming prices.A number of technical indicators have been installed into the PRO-CHARTS trading system. Analyzing the indicators one can come to the conclusion about further movements of the quoted currencies. For a more detailed description of the indicators, analyzing price charts and volumes of trading, click here.
Fundamental analysis is an analysis of current situations in the country of the currency, such as its economy, political events, and rumors. The country’s economy depends on the rate of inflation and unemployment, on the interest rate of its Central Bank, and on tax policy. Political stability also influences the exchange rate. Policy of the Central Bank has a special role, as concentrated interventions or refusal from them greatly influence the exchange rate.
At the same time one should not consider fundamental analysis just as an analysis of the economic situation in the country itself. A far bigger role in the FOREX market belongs to the expectations of the market participants and their assessment of these expectations. Various prognoses and bulletins, issued by the participants, have a strong influence on the expectations. Very often an effect of the so-called self-filfilling prophecy occurs when market players raise or lower the exchange rates according to the prognosis. But a deep and thorough fundamental analysis is available only for big banks with a staff of professional analysts and constant access to a wide field of information.
In spite of these different approaches, both forms of analyses complement one another. Traders who act on the basis of a fundamental analysis, have to consider some technical characteristics of the market (the main rates of support, such as resistance and resale), and supporters of the technical approach to the market must track the main news (interest rates, important political events).
The main merits of the FOREX market are:
The biggest number of participants and the largest volumes of transactions;
Superior liquidity and speed of the market: transactions are conducted within a few seconds according to online quotes;
The market works 24 hours a day, every working days;
A trader can open a position for any period of time he wants;
No fees, except for the difference between buying and selling prices;
An opportunity to get a bigger profit that the invested sum;
Qualified work in the FOREX market can become your main professional activity;
You can make deals any time you like.
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I will start with you today full and detailed tour to Egypt Pyramids spread between Giza and the Nuba almost even, as it is well known that the pyramids were tombs of some of Egypt Frain, but why specifically chose hierarchical building cemeteries and how developed the idea of building the pyramid, and other questions that need us the Introduction to clarify these questions. . Being River Nile in Egypt as it is known from south to north and Egypt is divided into halves, east and west of the ancient Egyptians lived on the banks of the Nile River and began to establish their own side and the start date of Egypt in 3200 BC and is almost beginning to know Writing in the Egyptian What before that calls pre-historic eras, since early times I think the idea of the old Egyptian Baath after death and life again in another world and this idea came from his observation of nature and what is repeated, such as the sun and the Nile River flood , which is repeated every year at the same time, planting, which germinate again after harvest. And I think that the Middle ancient Egyptian life while representing the West mean death as the sun generates every day from the east and die in the West, from this point, we find that all graves as the Pyramids of Egypt, but all Egyptians veterans cemeteries located west of the Nile with the sole exception ago. . And since the beginning, the burial pit is in HEO figure with some simple pots inside with the deceased for use in the other world, and was buried in a dead fetus in the mother and the mother to facilitate the process of birth and face again be heading for the East, and with the passage of time began widening pit and developed into a room or two with the growing tools designed inside and building brick walls and increased development after hitting brick building above-ground rooms and the top of this is what is called Palmsdoba. M afternoon on the pyramid for the first time of King Zoser in the Saqqara area and thanks to this construction engineer Genius Aimahotb, meaning his name (the next in peace), and won Aimahotb of honor that King Zoser wrote his name on a Mare Royal existing Egyptian Museum in the past are not repeated in ancient Egyptian history to write the name of the ordinary person on the statue of King. This was the first time using stones at the building, and is noteworthy that pyramid, which is the burial place of the king is a range of other architectural elements, which represent a Jnasais King deceased. associated with hierarchical idea of the emergence of the universe and also believed According to some religious texts and writings that pyramid means help in the spirit of the deceased to reach the sky with Idol legislature. Could see and sometimes sunshine between the clouds and take a hierarchical format also, they were among the many ways that could help in the ascent to heaven. . See also the highest figure hierarchical Obelisks and some members of the small graves in southern Egypt, even when kings thought modern state in building cemeteries on land west in the valley kings and Enkerha underground mountain to protect them from theft did not give up and hierarchical form, which was represented in the top of the mountain the same, naturally. Suker Idol cowardly when Egyptians veterans. Aimahotb and had started in the region in building a cemetery Almellk Zoser in the form of dips and wanted them Excellency what distinguishes them from other, granite stones used in the construction of the burial chamber, which extends to a depth of 28 almost meters underground Terrace bottom of this and then amended his determination and rose again above Bmsdoba then a third has reached six degrees height of 60 meters and a length of the pyramid nearly 130 meters were all from the outside stone coated white limestone, and had found inside the galleries pyramid corridors and the more than 40 thousand of pottery, alabaster pots, and other Alhest either set Ganasais Special King include the pyramid on the side of the house also north and another south as the king of Egypt is the king of the north and south together and also include temple to offer Oblations King and the deceased Jnazi temple for a religious rites and burial ceremonies, and there is also room next to the pyramid called room Understairs the statue of King Zoser, this statue as a guide to the spirit of even identify the body again. began attempts to build a pyramid in the entire region Dahshur near Saqqara in the era of King Snfro but the error occurred in construction estimating corner came just 54 degree angle, when high 48 meters started some internal walls of the pyramid in this to engineer construction angle to 43 degrees, reached full height to 101 meters, and also has appeared in the picture and called the current pyramid Refractor or Almenbj. . Snfro pyramid and is second in Dahshur pyramid also is the first real Msraz been built almost angle 43 degrees and rising 99 meters, and clothing have been cataloged stone white limestone. area of 13 acres, rising almost original 146 meters and is currently 137 meters long and involved his 230 meters. As for the weights spare stones range between eight tons and tons or more. . The pyramid is the King Cheops 2650 s. M, shortening of the name (F Knom Wee Wee) sense Idol Knom cover. . But imagine that this is the king of this construction giant did not find him only on the statue and one of a very small size up to 7.5 cm, almost the ages of late, as the King prevention at this time to establish or carve any statues, which did not find large-sized statues in this period only one statue and the cache in a cemetery to the Prince and his wife Anb legislature and possibly King wanted to start himself in the prevention of the establishment of the statues. . The only statue of King Cheops made of ivory length of no more than 7.5 cm and found broken and Cape leaders noted that the prospecting and drilling breakage talk Nahatoa Mounth found therein and the sand screen workers for a period of 14 days until they found the head. building corridors and lower parts of the pyramid ten years, according to a statement of the Greek Herodotus tell us who visited Egypt in the fourth century BC after more than 2000 years of pyramid-building and heard these and other stories some priests and narrators. . Cut stones used in building the pyramid most of the area around Al-Haram district of outer clothing and stones from the area of Mount Torah and granite stones used in the interior of the rooms quarries of Aswan and they come out through the Nile River, which was up to the pyramid at the time. . The stones were cut and separated from each other by distances to work openings close in a piece of stone to be amputated, and then beating some of the wooden pickets and roads with necessary water by wood and whenever drink water increased in size and stone pieces with the continued separated from the road by some are then refine and refine the use of the type of stone, such as granite or stronger Diorite. . The ancient Egyptians used-and also in the picture-through sandstone building the pyramids where spare stones at the epi-wood, palm trunks underneath tables and working Kajlat been withdrawn places ropes and oxen with sprayed water on the sand to facilitate the withdrawal, and the greater the elevation rose in the sand even summit pyramid and then clothing bore limestone stone pyramid from the top down and gradually remove the sand. , Believes that this road sand on the pyramid was either in one direction or in the form of a circular motion around the pyramid in full. F Some believe that the idea of using sand and removed again after building the pyramid is complete in itself may exceed complete construction of the pyramid itself as needed per meter the rise of at least ten meters in length and bringing the berm along the road in one direction approximately 1460 meters any kilometers and a half ago and is of course a very difficult process, and structures already skeletons found near the pyramids of workers shows some distortions in the backbone result heavy loads. worth mentioning the idea of the way the sand was found remnants of this method is used to build a high-rise edifices Temple of Luxor. burial chamber bottom of the earth such as the pyramid of Saqqara and then moved on to a second room currently known name Queen room and finally moved to the room and set the current Engineer above five small rooms ending higher ceiling them triangle form and to ease the weight of the stones on Pyramid burial chamber. to alleviate the weight on the burial chamber The image of the ceiling of the room Triangle format fifth over burial chamber. the triangle also for the distribution of weight throwers and mitigate the entrance is currently closed and the current entrance to the pyramid has been open at the Umayyad era safe dynamite believing there treasures inside the pyramid. . Interestingly also to Muhammad Ali and to Egypt 1805-1841 AD Think of the largest demolition of the pyramid and use Hjarth in building Spans charities and other buildings, but they found that the cost of bringing the stones of a new cheaper and easier to demolish the pyramid and transfer Hjarth again, and had used already some stones of the Pyramids different building some mosques and buildings in Egypt, where sometimes see some writings Hieroglyphics buildings in the Islamic Street goats and walls of Cairo and elsewhere. . Remember novels that the number of workers was approximately one hundred thousand workers and the workers to break permanent working in the building throughout the year, casual workers and farmers are already and they work to build the Nile flood, where there is no agriculture in the period. . And have found homes and cemeteries for workers near the Pyramids of Giza and the main food depends on the bread and drink beer (Bzmsnua of Alsaireetm put in water or milk until Itkhmr and drink contains the natural percentage of antibiotics), while states that the number of discoveries of modern Workers were only about 20 thousand workers only and that the food was meat, which is before slaughter cows daily. . The odds on the largest pyramid also that though this very large scale, it was attributed to King Cheops quoting veterans, especially Herodotus tell us, was not found to indicate King Cheops only in the twenty-19 where found (year 17 of the judgment of King Cheops) written leather Cross the third room in the roof above the burial chamber, seem to have written by one of the workers during the building the pyramid. , Has been building the largest pyramid to face Ajhath four quarters and the original stones proved to each other through the air to empty them and perhaps it through the work of several openings or holes in a piece of stone and the work of similar holes in the front of the other piece to be attracted to be Lakett these opposite holes in the same place and be unloaded air them, which leads to strong bonds (the idea of unloading the air in the rubber tags pasted to the glass). So far, there are remnants of the temple Ganazi private King Cheops in the eastern The pyramid temple of the valley, there under the bad fat close to the pyramid, currently manned population. . As for the accuracy of the pyramid building, we find the average error in the length of its aspects does not exceed 1: 4000, and that the commas between some stones no more than half millimeters, which does not allow the code to access them. that builds forced labor and forced or satisfaction that the spirit of creativity and desire is the motivation for such action .... ? ? his relatives and his senior staff administration cemeteries in the eastern bulk of the pyramid where the queen and the Pyramids found graves of his brothers, or others whom the King Cheops, called (Anb Guard), is not without wit of the story as well Mcyprtha found dead end without any stones building on it and when they arrived at the cemetery and found their contents neatly over a coffin, some of the marble-enclosed tree and the name of the Queen and her husband Snfro written on furniture, but they found the coffin Moumia free, and one of archaeologists interpreted this to the original tomb of the Queen was in Dahshur near When her husband pyramid Say attention to that region stole her grave and especially gold and jewelry, the thieves took Moumia their jewelry and gold, when the discovery of the theft is the transfer of the remaining contents of the guards Tomb quickly so small outposts, which is inappropriate for such Bmlleke Anb Guard and the transfer coffin and cover it in that form they had concealed evidence of the theft is King Cheops. of the hierarchy of the State Central without stories and rumors, since ancient times, and so far as it conceals the secrets of the universe or the lost continent linked together, or even accepted as some people who come for pilgrimage at the biggest pyramid and others who have lost their minds and their ability to discrimination, but it is also a clear demonstration of the skill of the ancient Egyptians in engineering, astronomy, and account management systems. a fully Mabidh see clearly pyramid, the burial place of the Temple Valley and the establishment of the Temple ritual as shown in the picture. Rule 210 meters but it appears comparable to the largest pyramid in high or higher than that because of constructive Knoll high bit him. Chefren and clearly see the remnants of part of the outer clothing at the top of the pyramid, also Jranii clothing at the base. ritual and then rising road, which links temple rituals and a length of about 500 meters and the Temple Valley Special King Chefren and a rise in the front of the Temple of the valley about 13 meters, and the temple coated Paljrani him inputs on the Middle symbolize to the north and the south and are accessible to the temple through a channel related to the Nile River and ends this channel Bmrsi. Temple Valley after 500 of the pyramid near Abu horror during his visit to supervise the construction of the pyramid or to receive visitors and delegations after the death of King to provide Oblations. Special King Chefren the statue of Diorite is now the Egyptian Museum and see the image on paper currency category ten pounds and said that President Abdel Nasser is not to get out of this statue from Egypt. Currently, there is within this small temple hotbeds promoted by some people that if the person who gave the money and a piece of security they hoped to be achieved, of course, is another day the guards collect these currencies different from the well. Hope it was an interestin journy.
NASDAQ The NASDAQ (acronym of National Association of Securities Dealers Automated Quotations) is an American stock market. It is the largest electronic screen-based equity securities trading market in the United States. With approximately 3,200 companies, it lists more companies and on average trades more shares per day than any other U.S. market.It was founded in 1971 by the National Association of Securities Dealers (NASD), who divested themselves of it in a series of sales in 2000 and 2001. It is owned and operated by The NASDAQ Stock Market, the stock of which was listed on its own stock exchange in 2002, and is monitored by the Securities and Exchange Commission (SEC).With the impending purchase of the Nordic-based operated exchange OMX, following its agreement with Borse Dubai, Nasdaq is poised to capture 47% of the controlling stake in the aforementioned exchange, thereby inching ever closer to taking over the company and creating a trans-atlantic powerhouse.Over the years, NASDAQ became more of a stock market by adding trade and volume reporting and automated trading systems. NASDAQ was also the first stock market to advertise to the general public, highlighting NASDAQ-traded companies (usually in technology) and closing with the declaration that NASDAQ is “the stock market for the next hundred years.” Its main index is the NASDAQ Composite, which has been published since its inception. However, its exchange-traded fund tracks the large-cap NASDAQ 100 index, which was introduced in 1985 alongside the NASDAQ 100 Financial Index.Until 1987, most trading occurred via the telephone, but during the October 1987 stock market crash, market makers often didn’t answer their phones. To counteract this, the Small Order Execution System (SOES) was established, which provides an electronic method for dealers to enter their trades. NASDAQ requires market makers to honor trades over SOES.In 1992 it joined with the London Stock Exchange to form the first intercontinental linkage of securities markets. NASDAQ’s 1998 merger with the American Stock Exchange formed the NASDAQ-Amex Market Group, and by the beginning of the 21st century it had become the largest electronic stock market (in terms of both dollar value and share volume) in the United States. NASD spun off NASDAQ in 2000 to form a publicly traded company, the NASDAQ Stock Market, Inc.On November 8, 2006, NASDAQ agreed to buy the Philadelphia Stock Exchange(PHLX) for US$652,000,000. PHLX is the oldest stock exchange in America—having been in operation since 1790.NASDAQ lists approximately 3,200 securities, of which 335 are non-U.S. companies from 35 countries representing all industry sectors. To qualify for listing on the exchange, a company must be registered with the SEC, have at least three market makers (financial firms that act as brokers or dealers for specific securities), and meet minimum requirements for assets, capital, public shares, and shareholders
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