Forex Trading

Forex Trading
Perfumes are an essential part of our everyday life. They were first used in Egypt, but are now used throughout the world for different reasons.

Perfumes come in different varieties, concentrations, fragrances, bottles and rates. Perfumes are usually a solution of fragrant aromatic oils and a solvent like ethanol. They are mixed in different proportions to create different intensity of scents. The commonly used eau de cologne has 2-5% of aromatic oil. These aromatic oils are extracted from various natural and synthetic sources to create several kinds of fragrances.

By mixing different oils, scents like floral, oriental, woody, fresh, leather, chypre and fourgere are created. Major brands of designer perfumes are available to all over the world, such as YSL, Estee Lauder, Dolce Gabbana, Chanel, Calvin Klein, Christian Dior, Hugo Boss, Ralph Lauren, Roberto Cavalli, Salvador Dali, Stella McCartney, Victoria Secret and many more. All of them come in exquisite packaging and bottles.

There are many types of perfumes: for the body, bath, car, house, office, etc. All have different concentrations of aroma oils. Perfumes have become so common that we use them daily without giving a second thought. Perfumes can lift your mood and make you feel positive. The way you smell also has a marked impact on the people around you and the way they treat you. If your lively personality is complemented by a pleasant fragrance, it can change your life and of those around you drastically.

Perfumes have tremendous power to influence emotions. Aroma oils used in perfumes can trigger emotions like love, hatred, passion, activity, hunger, etc. They can even bring back the happy or sad memories of the past. You should wear the perfume that makes you happy and makes you feel good and fresh.

To pick the perfume that suits you the best, think about the fragrances that you like. They could range from floral, citrus, woody, musk, leather, etc. You should select different perfumes for casual wear and formal wear. The daily wear perfumes could be more sporty type while the party wear ones can have more sophisticated scents. You can have different perfumes for different occasions.

Remember that the perfumes that you like on others may not suit you as favorably. A single perfume can smell entirely different on different people, so while selecting your scent, try it out on yourself and let it stay for a day to know if you truly like it.

Today, everybody can be identified by the kind of perfume they wear. Because perfumes are available in all types of fragrances, suiting all pockets, everybody can afford one and make a statement by wearing it. People judge you by the kind of perfume you wear, so it is important that you select the one that suits your personality. Most celebrities have their signature fragrances.

Once you pick your fragrance do not change it often. Sense of smell helps in associating people with their fragrance. If you stick to one, people will know you have arrived and what mood you are in even without looking at you.

Perfumes make for a great gift, especially for women. When you run out of ideas for a suitable present for anybody old or young, perfumes are the safest bet. Whether it's a birthday, anniversary, Christmas, Thanksgiving or just any other occasion, you can rely on perfumes to delight the receiver.

But selecting the right fragrance for someone else is an ordeal in itself. Think about the scents that he or she likes and wears most of the time and try to stick to other perfumes similar to that fragrance. So, go ahead, take your pick.

Forex Trading

Forex Trading
Foreign Exchange or FOREX is the financial market where a nation's currency is exchanged for that of another. The foreign exchange market is the largest financial market in the world, with the equivalent of over $1.7 trillion changing hands daily; more than three times the aggregate amount of the US equity and bond and commodity markets combined.

Unlike the other financial markets mentioned, the Forex market has no physical location and no central exchange; this makes the Forex market an OTC or over-the counter market. It operates through a global network of banks, corporations and market makers trading one currency for another.

The lack of a physical exchange enables the Forex market to operate on a 24-hour basis, spanning from one time zone to another in all the major financial centres of the world.

Traditionally, private traders only means of gaining access to the foreign exchange market was through banks that transacted large amounts of currencies for commercial and investment purposes. Trading volume has increased rapidly over time, especially after exchange rates were allowed to float freely in 1971.

Over resent years the way the interbank currency market operates has changed dramatically. The Forex market has become accessible to private traders. The market makers have achieved this through a combination of low margin and high leverage and providing the professional tools and services needed to trade effectively in an independent atmosphere.

For the active trader, foreign exchange should be no different than other investments or financial instruments such as equities, commodities, bonds, notes, bills, etc.

In fact because of the globalisation of the economic world and the consolidation of whole economic regions such as the European Union, having currencies as part of a diversified portfolio simply makes sound portfolio and investment sense.

Just like these other investment alternatives mentioned, foreign exchange offers private traders and investors a market where they can buy and sell an investment product. In this case it is a specific Currency Pairs.

The currency pair may be the Euro versus the US Dollar, the US Dollar versus the Japanese Yen, the British Pound versus the US Dollar, the Euro versus British Pound, or a number of other currency combinations.

The different currency combinations represent nothing more than the value of one currency versus the value of another. That relationship is represented by a single price.

In foreign exchange, the price of a currency pair is the markets expectations at that time of the value of that currency vis-a-vis another currency given the current and expected economic and political situation of the two countries. In equity terms, it would be the price of the stock.

If for example, a country's inflation and interest rates are low and stable. If it's economy is strong and politics are stable and the expectations are for more of the same, then one can expect "in general" for that country's currency to remain strong versus a less fundamentally favourable currency. Keeping in mind that all comparisons are relative to that of other economic regions.

Contrasting that with equity, if the domestic and global economy is strong and inflation is not running away. If competition is not taking away market share or eating into margins as well product demand and growth are strong.

If the companies internal "politics" are such that the workers are happy and productive, and expectations are for more of the same, then you can expect that companies stock to remain strong versus a company with less favourable fundamentals within the same sector.

Like equities there are other factors that determine the short-term value of a product including technical analysis, short-term supply and demand, seasonal capital flow patterns, the current price of the instrument, etc.

By analysing the pricing dynamics and combining that with sound money management discipline like stop loss orders, the trader can insure greater success in his foreign exchange trading.