Currency pairs and Trading Made Easy....!

What are currency pairs?

In the foreign exchange market, currency is traded in pairs. Pairs have meaning in relation to each other so must always stay together.

The two currencies in a pair are traded one against the other. The rate at which they are traded is called the exchange rate. The exchange rate is affected by currency supply and demand.

Most common currencies

The most common currencies traded in the market are called ‘majors’. Most currencies are traded against the United States dollar (USD). USD is traded more than any other currency. The five currencies most traded next are: the euro (EUR); the Japanese yen (JPY); the British pound sterling (GBP); the Swiss franc (CHF), and the Australian dollar (AUD). Trades of the six major currencies total 90% of the market.

The most common currency pair is EUR/USD.

The exchange rate

The exchange rate is always changing. The value of one currency is determined by market supply and demand forces, by comparing it to another currency. In a currency pair, the first currency is called the ‘base currency’; the second currency is called the ‘quote currency’ or ‘counter currency’.

When you buy a currency pair, you buy the base currency and sell the quote currency. The exchange rate tells buyers how much of the quote currency they need to buy one of the base currency. The order in a pair always stays the same, being a common approach by the industry. USD/JPY, for example, is a pair (USD = base, JPY = the quote). The order within the pair, in the way you use the term, does not change. So you either BUY it or SELL it, depending on the direction of the trade. For example: USD/JPY – you either BUY JPY using USD or you Sell JPY to get USD. On the currency rate table on the Easy-Forex® website you can view the way in which each pair available for trade is ordered.

Here is an example: EUR/USD 1.2500 means you need 1.25USD to buy one euro. It also means if you sell one euro you get 1.25USD. All trades involve buying one currency and selling another currency at the same time. If in the next day the Euro is rising against the USD and the exchange rate is now 1.26, for every 1 Euro that you bought, you have earned 1USD cent. Or, if you traded the opposite direction, for every EUR that you sold (at 1.25) you lost 1USD cent (since you “buy” back the EUR for 1.26).

Buy and sell currency

Traders in the foreign exchange market buy and sell currency to try to make profit. There are two prices for currency: the buy price, called the ‘BID’; and the sell price, called the ‘ASK’.

The difference between the ‘bid’ and the ‘ask’ is called the ‘spread’. The spread represents the difference between what the market maker gives to buy from a trader, and what the market maker takes to sell to a trader.

For example: the EUR/USD bid/ask rate is 1.2100/1.2200. The market maker gives $1.21 when buying from the trader, but takes $1.22 when selling to the trader. If traders buy and sell immediately without any change in the exchange rate, they lose money. This happens because of the spread – traders pay more to buy the currency than they receive when they sell in that one moment.

In fact, the spread is the leading source of income for the market maker. Like any other market, the merchant will buy at one price and sell at a higher price.

Quotes

The price of a currency is called the ‘quote’. There are two forms of quotes in the Forex market: direct quotes, and indirect quotes.

A direct quote is the price for one US dollar in terms of another currency.

An indirect quote is the price for one UNIT of another currency in terms of the US dollar.

Please note: in general, most currencies are quoted against the USD (e.g. – “direct quote”).

But, the EUR, GBP, AUD, NZD (as well as Gold XAU and silver XAG) are indirect quoted, for example: GBP/USD.

The quote is the price to a currency pair that the deal will be made with. This is unlike an ‘indication’, where the price given by a market maker is only informational (for trader’s knowledge, rather than for execution). Real time quotes are provided to Easy-Forex® logged in users. Delayed quotes ('indication') are provided to the rest of the site users.

To start getting real time currency quotes, join the Easy-Forex® trading platform for free.
 
Source: Easy-Forex®

Risks and Rewards in the Forex Market

In the Forex market, risks might be great, but the rewards can be great too.

The Forex market is different from other markets. The speed and huge size of the market mean it changes continually. Forex is not the same as any other market in the financial world; it is not able to be controlled. This makes it risky - increased risk means chances for a higher profit, also for higher loss.

There are many different ways to invest in the Forex market. However, before you decide to get involved, you should think about what result you want from your investment and your level of experience. Trading foreign currencies is demanding.

Do not invest money you cannot accept to lose.

What is risk capital?

Risk capital is the money that Easy-Forex® suggests you use for trading in the market. It is money you have that you do not need for day to day living and you can afford to lose.

Can I reduce risk?

You can reduce risk in many different ways. Easy-Forex® has tools to help you make the most of your trading.

First it is important to understand the market. Easy-Forex® has training programs on its website that help you learn about trading. Customers are trained for free. Easy-Forex® believes that good training is necessary for trading success. You can deposit a small amount and do some small trades at first to help you understand how the market operates.

Another way to reduce risk is to try to judge what direction a currency might take by studying what has happened in the market until now and the causes of changes in the market. This is called forecasting. Forecasting helps you to develop an idea what might happen in the market in the near future.

You can also place Stop Loss and Take Profit limits on your trades. This reduces the risk of losing more than you feel comfortable with. Stop Loss and Take Profit help you to control your trading. When you place these limits on your trades, you do not have to watch the computer screen every minute.

Leveraged trading

The leveraged nature of the Forex market means that risks and rewards are higher. Any movement in the market will have an effect on what you win or lose. With leveraged trading, the effect can be increased on a big scale.

You can win a great amount, or you can lose a great amount. This is why it is important to understand the market. It is important to use methods that limit your risk. Learn to be a disciplined trader.

Is foreign exchange trading right for me?

Foreign exchange trading is not the right investment for everyone. If you are responsible and trade to the limits you set for yourself, you will find there are rewards. But you must take risks to get rewards. The risks must be right for you.

Source: Easy Forex

Volatality in Forex

Volatility (in Forex trading) refers to the amount of uncertainty or risk involved with the size of changes in a currency exchange rate. A higher volatility means that an exchange rate can potentially be spread out over a larger range of values. High volatility means that the price of the currency can change dramatically over a short time period in either direction.

On the other hand, a lower volatility would mean that an exchange rate does not fluctuate dramatically, but changes in value at a steady pace over a period of time.

Commonly, the higher the volatility, the riskier the trading of the currency pair is.

Technically, the term “Volatility” most frequently refers to the standard deviation of the change in value of a financial instrument over a specific time period. It is often used to quantify (describe in numbers) the risk of the currency pair over that time period.

Volatility is typically expressed in yearly terms, and it may either be an absolute number ($0.3000) or a fraction of the initial value (8.2%).

In general, volatility refers to the degree of unpredictable change over time of a certain currency pair exchange rate. It reflects the degree of risk faced by someone with exposure to that currency pair.

Volatility for market players

Volatility is often viewed as a negative in that it represents uncertainty and risk. However, higher volatility usually makes Forex trading more attractive to the market players. The possibility for profiting in volatile markets is a major consideration for day traders, and is in contrast to the long term investors’ view of buy and hold.

Volatility does not imply direction. It just describes the level of fluctuations (moves) of an exchange rate. A currency pair that is more volatile is likely to increase or decrease in value more than one that is less volatile.

For example, a common “conservative” investment, like in savings account, has low volatility. It will not lose 30% in a year but neither will it profit 30%.

Volatility over time

Volatility of a currency pair changes over time. There are some periods when prices go up and down quickly (high volatility), while during other times they might not seem to move at all (low volatility).

Source: Easy Forex

Pips and spreads

Pips and spreads show the value of a currency pair to the investor and to the broker.

What is a pip?

A pip is a number value. In the Forex market, the value of currency is given in pips. One pip equals 0.0001, two pips equals 0.0002, three pips equals 0.0003 and so on.

One pip is the smallest price change that an exchange rate can make. Most currencies are priced to four numbers after the point. For example, a five pip spread for EUR/USD is 1.2530/1.2535.

In the major currencies, the price of the Japanese yen does not have four numbers after the point. In USD/JPY, the price is only given to two decimal points – so a quote for USD/JPY looks like this: 114.05/114.08. This quote has a three pip spread between the buy and sell price.

What is the spread?

The spread is the difference between the buy (also called bid) price and the sell (also called ask) price. Two prices are given for a currency pair. The spread represents the difference between what the market maker gives to buy from a trader, and what the market maker takes to sell to a trader.

If a trader buys any currency and immediately sells it - and no change in the exchange rate has happened - the trader will lose money. The reason for this is that the bid price is always lower than the ask price.

For example, the EUR/USD bid/ask currency rates at your bank may be 1.2015/1.3015. This represents a spread of 1000 pips. This spread is very high compared to the bid/ask currency rates for online Forex investors, such as 1.2015/1.2020 - a spread of 5 pips.

In general, smaller spreads are better for Forex investors because a smaller movement in exchange rates lets them profit from a trade more easily.

The spread is where the market maker will make their money. See Easy-Forex® trading features for information on our spreads.

Source: Easy Forex

Forex Market Maker

What is a market maker?

A market maker provides a platform for foreign currency exchange for the customer.

Market makers know the current cost of investing in the market. They study the buy price and the sell price in foreign exchange. Market makers can help customers to reduce the chances of losing money in the market. They are neither an agent nor an intermediary.

Who are the market makers?

Banks or foreign exchange businesses like Easy-Forex® are examples of market makers. They buy and sell finance resources. They do not charge a percentage to serve each customer.

Do market makers go against a customer’s position?

Market makers work with customers. They buy and sell to people who want to enter the market. They always tell customers both rates: the buy rate and the sell rate. Market makers do not advise customers. Market makers do not act for customers. They help because they can give expert information about different finance positions. Market makers have good policy to reduce risk. Authorities guide the way market makers act.

Do market makers and customers have opposite interests?

Market makers always provide the buy price and the sell price. Customers always know both prices. Market makers are neutral. They do not try to increase their profit by decreasing the customer’s profit. The trade process is based on supply and demand.

Who can influence the market?

The forex market is huge, with trillions of dollars transacted daily and a constant online flow of information across the world. This makes it difficult for an individual trader (person or organization) to influence the market. Easy-Forex® gives you access to to this exciting market through its online trading platform.

How does Easy-Forex® make profit?

With foreign exchange, there is a different price to buy and to sell. This difference is called the ‘spread’ and it is where Easy-Forex® earns money, making a small profit on each deal. Accordingly, Easy-Forex® maintains neutrality (as for the direction of any deals made by its clients), since the leading source of its income is in the spreads.

What is the risk for market makers?

Market makers deal with large amounts of finance and trade. They can combine all their client’s money and use banks to reduce risk. This is called hedging their exposure and by combining all the money, they hedge in bulk giving them a much stronger position. Easy-Forex® works within relevant international regulations as well as its own risk management policy. It cooperates with the world’s big banks: UBS (Switzerland) and RBS (Royal Bank of Scotland).

Source: Easy Forex

Leveraged Forex Trading

What is leverage in Forex trading?

Traders in Forex trade a contract of currency exchange rates. As the movement of currency rates can be very small, traders use leverage to increase their profit potential. Here is a step-by-step, practical example: You decide to open a contract for trade and it has these elements in it: The currency pair for trading – e.g. EUR/USD The direction of the trade - BUY euro and SELL US dollars The price - say 1.3500 The contract value - EUR 100,000 As the trader, you purchase this contract, believing you will profit once you close (offset) the contract.If you are right (for example: the rate increased to 1.3600), then you would profit: for every euro in this contract you made profit of 1 US cent. In total, the profit would be $1,000 (100,000 x 1 cent).


However, do you need ALL the EUR 100,000 to open this contract?


The answer is: NO. You can LEVERAGE the trading: the trader is required to risk, for example, only 1:100 of the contract value. Accordingly, for a contract of 100,000 only $1,000 is needed. However, if there was loss, and the value of the WHOLE contact dropped to 99,000, then the deal is automatically closed, since the “guarantee” made by the trader was only $1,000. Please note that the LEVERAGE offered in the Forex market is usually between 1:50 and 1:200. With leverage, you have more money to use for trading than the balance in your account because you can ‘leverage’ what you do have – that means you use what you have to increase the amount you can trade and to increase your profit when you succeed in trading in the right direction of a currency pair. On the other side, when there is a loss: the higher the leverage, the quicker you are subject to automatic closure of your deal.

How does leveraged trading work?

Leveraged trading works by establishing a rate you can use for every dollar in your account. The money you put for the trade is the actual money you risk. It is called ‘margin’ or the amount you risk. Easy-Forex offers leverage rates from 1:50 up to 1:200 (note: for USA only up to 1:100). For example: If you invest $100 and leverage it at 1:200, then you have $200 to trade for every $1 in your investment (margin). If you start trading with your $100 investment, you can buy up to a value of $20,000 (200x100).

Why does leveraged trading exist?

In the Forex market, leveraged trading exists to create the possibility of making a bigger profit. Leverage is necessary because Forex trades involve very small differences in price. The difference can be a very small part of one cent. With such small amounts, it can take a long time to make a meaningful profit, as well as bigger initial investments. Using leverage, you can get a return on your investment faster and using smaller initial deposits. Forex trades happen very quickly. When you are using leverage, you should be careful. The higher the leverage used the more chance you have of losing your investment when the currency pair is going opposite to your investment. You are advised not to risk more than you can accept to lose.

What is a ‘margin’?

A ‘margin’ is the amount you put into the Forex contract you open (the investment which you risk). Online trading brokers must make sure that traders can pay if they lose money when they trade. Traders put money into an account that can be used to cover any losses they make. This amount is also called ‘minimum security’. With a margin, traders are able to invest in markets where the smallest trade you can make is already high. Margin trading can increase profit, but it can also increase loss.

The profit and loss rates when you leverage your trade

As mentioned, your margin is your investment. Accordingly, you invest a margin of $1,000 for a contract of $100,000. This is a 1:100 rate. If the currency exchange rate moved, for example, 0.5% that would be a 50% change on your margin! Since the contract is 100 times the margin, then the change of 0.5% becomes 100 times bigger, to 50%.

Can you limit your risk?

You can limit your risk by using ‘Stop-Loss’ rates. These rates are decided by you, the trader. You choose a rate that is the lowest you want to go. If the market reaches that rate, your deal is automatically stopped so you do not lose any more money.Because you set the rate, you can control your investment. You can make sure that you do not lose more than you are prepared to. In the same way, you can set a ‘Take-Profit’ rate. Your deal will stop when the profit rate you have decided is reached. Take-Profit makes it easy for you to control your trading without having to constantly monitor your position. You can change your set rates at any time while your deal is open. It is important you know that 100% guarantee for pre-set rates is impossible because market conditions might suddenly affect trading. For example, the market might suddenly change very fast, and those involved in the Forex trade might be unable to execute pre-set rates because the trading environment is suddenly out of their control. Easy Forex aims to make sure that traders are protected as much as possible. Easy Forex makes any and all efforts to guarantee the set rates, unless unusual market conditions prevent them from doing so.
If you wish to get involved in the Forex market click here and join for FREE


Source: Easy Forex

What is Forex Trading?

The foreign exchange (Forex) market is a nonstop cash market where currencies of nations are traded, typically via brokers. Foreign currencies are constantly and simultaneously bought and sold across local and global markets and traders' investments increase or decrease in value based upon currency movements.

Foreign exchange market conditions can change at any time in response to real-time events. The main incentive of currency dealing to private investors and the attractions of short-term Forex trading are: 24-hour trading, 5 days a week, with nonstop access to global Forex dealers.
.

Further incentives to Forex trading:

• An enormous liquid market making it easy to trade most currencies
• Volatile markets offering profit opportunities.
• Standard Forex instruments for controlling risk exposure.
• The ability to profit in rising or falling markets.
• Leveraged trading with low margin requirements.
• Many options for zero commission trading.

Forex trading
The investor's goal in Forex trading is to profit from foreign currency movements.

Forex trading or currency trading is always done in currency pairs. For example, the exchange rate of on Aug 26th, 2003 was 1.0857. This number is also referred to as a "Forex rate" or just "rate" for short. If the investor had bought 1000 euros on that date, he would have paid 1085.70 U.S. dollars. One year later, the Forex rate was 1.2083, which means that the value of the euro (the numerator of the EUR/USD ratio) increased in relation to the U.S. dollar. The investor could now sell the 1000 euros in order to receive 1208.30 dollars. Therefore, the investor would have USD 122.60 more than what he had started one year earlier. However, to know if the investor made a good investment, one needs to compare this investment option to alternative investments. At the very minimum, the return on investment (ROI) should be compared to the return on a "risk-free" investment. One example of a risk-free investment is long-term U.S. government bonds since there is practically no chance for a default, i.e. the U.S. government going bankrupt or being unable or unwilling to pay its debt obligation. (Please note that past performance is not indicative of future performance)

When trading currencies, trade only when you expect the currency you are buying to increase in value relative to the currency you are selling. If the currency you are buying does increase in value, you must sell back the other currency in order to lock in a profit. An open trade (also called an open position) is a trade in which a trader has bought or sold a particular currency pair and has not yet sold or bought back the equivalent amount to close the position. However, it is estimated that anywhere from 70%-90% of the FX market is speculative. In other words, the person or institution that bought or sold the currency has no plan to actually take delivery of the currency in the end; rather, they were solely speculating on the movement of that particular currency.

Exchange rate

Because currencies are traded in pairs and exchanged one against the other when traded, the rate at which they are exchanged is called the exchange rate. The majority of the currencies are traded against the US dollar (USD). The four next-most traded currencies are the euro (EUR), the Japanese yen (JPY), the British pound sterling (GBP) and the Swiss franc (CHF). These five currencies make up the majority of the market and are called the major currencies or "the Majors".

Some sources also include the Australian dollar (AUD) within the group of major currencies. The first currency in the exchange pair is referred to as the base currency and the second currency as the counter or quote currency. The counter or quote currency is thus the numerator in the ratio, and the base currency is the denominator. The value of the base currency (denominator) is always 1. Therefore, the exchange rate tells a buyer how much of the counter or quote currency must be paid to obtain one unit of the base currency.

The exchange rate also tells a seller how much is received in the counter or quote currency when selling one unit of the base currency. For example, an exchange rate for EUR/USD of 1.2083 specifies to the buyer of euros that 1.2083 USD must be paid to obtain 1 euro. At any given point, time and place, if an investor buys any currency and immediately sells it - and no change in the exchange rate has occurred - the investor will lose money. The reason for this is that the bid price, which represents how much will be received in the counter or quote currency when selling one unit of the base currency, is always lower than the ask price, which represents how much must be paid in the counter or quote currency when buying one unit of the base currency. For example, the EUR/USD bid/ask currency rates at your bank may be 1.2015/1.3015, representing a spread of 1000 pips (also called points, one pip = 0.0001), which is very high in comparison to the bid/ask currency rates that online Forex investors commonly encounter, such as 1.2015/1.2020, with a spread of 5 pips. In general, smaller spreads are better for Forex investors since even they require a smaller movement in exchange rates in order to profit from a trade. Most Forex dealers, including Easy Forex™, are compensated by the spreads that are embedded in the currency rates.

Margin – Amount to Risk

Banks and/or online trading providers need collateral to ensure that the investor can pay in case of a loss. The collateral is called the margin and is also known as minimum security in Forex markets. In practice, it is a deposit to the trader's account that is intended to cover any currency trading losses in the future. Margin enables private investors to trade in markets that have high minimum units of trading by allowing traders to hold a much larger position than their account value. Margin trading also enhances the rate of profit, but has the tendency to inflate rates of loss, on top of systemic risk.

Leveraged financing

Leveraged financing, i.e., the use of credit, such as a trade purchased on a margin, is very common in Forex. The loan/leveraged in the margined account is collateralized by your initial deposit. This may result in being able to control USD 100,000 for as little as USD 1,000. A relatively small market movement will have a proportionately larger impact on the funds you have deposited or may have to deposit. This may work against you as well as for you. You may sustain a total loss of the margin funds deposited and any additional funds deposited to maintain your positions.

Five ways private investors can trade in Forex directly or indirectly:

• The spot market
• Forwards and futures
• Options
• Contracts for difference
• Spread betting

A spot transaction

A spot transaction is a straightforward exchange of one currency for another. The spot rate is the current market price, also called the benchmark price. Spot transactions do not require immediate settlement, or payment "on the spot." The settlement date, or "value date," is the second business day after the "deal date" (or "trade date") on which the transaction is agreed to by the two traders. The two-day period provides time to confirm the agreement and arrange the clearing and necessary debiting and crediting of bank accounts in various international locations.

Risks

Forex trading is risky. There are ways to reduce risk such as setting a Stop Loss on deals. Read more about the risks involved and how to lower exposure to risk.

Source: Easy Forex (click to visit)

Forex Market History

This article is an overview into the historical evolution of the foreign exchange market. It follows the historical roots of the international currency trading from the days of the gold exchange, through the Bretton Woods Agreement, to its current setting.

The Gold exchange period and the Bretton Woods Agreement.
The Bretton Woods Agreement, established in 1944, fixed national currencies against the dollar, and set the dollar at a rate of 35USD per ounce of gold. In 1967, a Chicago bank refused to make a loan in pound sterling to a college professor by the name of Milton Friedman because he had intended to use the funds to short the British currency. The bank's refusal to grant the loan was due to the Bretton Woods Agreement.

This agreement aimed at establishing international monetary steadiness by preventing money from taking flight across countries, and curbing speculation in the international currencies. Prior to Bretton Woods, the gold exchange standard - dominant between 1876 and World War I - ruled over the international economic system. Under the gold exchange, currencies experienced a new era of stability because they were supported by the price of gold.

However, the gold exchange standard had a weakness of boom-bust patterns. As an economy strengthened, it would import a great deal until it ran down its gold reserves required to support its currency. As a result, the money supply would diminish, interest rates escalate and economic activity slowed to the point of recession. Ultimately, prices of commodities would hit bottom, appearing attractive to other nations, who would sprint into a buying fury that injected the economy with gold until it increased its money supply, driving down interest rates and restoring wealth into the economy. Such boom-bust patterns abounded throughout the gold standard until World War I temporarily discontinued trade flows and the free movement of gold.

The Bretton Woods Agreement was founded after World War II, in order to stabilize and regulate the international Forex market. Participating countries agreed to try to maintain the value of their currency within a narrow margin against the dollar and an equivalent rate of gold as needed. The dollar gained a premium position as a reference currency, reflecting the shift in global economic dominance from Europe to the USA. Countries were prohibited from devaluing their currencies to benefit their foreign trade and were only allowed to devalue their currencies by less than 10%. The great volume of international Forex trade led to massive movements of capital, which were generated by post-war construction during the 1950s, and this movement destabilized the foreign exchange rates established in the Bretton Woods Agreement.

1971 heralded the abandonment of the Bretton Woods in that the US dollar would no longer be exchangeable into gold. By 1973, the forces of supply and demand controlled major industrialized nations' currencies, which now floated more freely across nations. Prices were floated daily, with volumes, speed and price volatility all increasing throughout the 1970s, and new financial instruments, market deregulation and trade liberalization emerged.

The onset of computers and technology in the 1980s accelerated the pace of extending the market continuum for cross-border capital movements through Asian, European and American time zones. Transactions in foreign exchange increased intensively from nearly $70 billion a day in the 1980s, to more than $1.5 trillion a day two decades later.



The explosion of the Euro market
The rapid development of the Eurodollar market, where US dollars are deposited in banks outside the US, was a major mechanism for speeding up Forex trading. Likewise, Euro markets are those where assets are deposited outside the currency of origin. The Eurodollar market first came into being in the 1950s when the Soviet Union's oil revenue - all in US dollars - was being deposited outside the US in fear of being frozen by US regulators. That gave rise to a vast offshore pool of dollars outside the control of US authorities. The US government imposed laws to restrict dollar lending to foreigners. Euro markets were particularly attractive because they had far fewer regulations and offered higher yields. From the late 1980s onwards, US companies began to borrow offshore, finding Euro markets an advantageous place for holding excess liquidity, providing short-term loans and financing imports and exports.

London was and remains the principal offshore market. In the 1980s, it became the key center in the Eurodollar market when British banks began lending dollars as an alternative to pounds in order to maintain their leading position in global finance. London's convenient geographical location (operating during Asian and American markets) is also instrumental in preserving its dominance in the Euro market.

Source: Easy-Forex.com

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All the best...

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In simple terms, wellness is an extended version of health. Having a feeling of well being not only physically but also mentally, spiritually, socially (and economically) is called as wellness.

Any service or product related to achievment of this goal is considered under this industry. For example, health care sector, alternative medicines & natural healers, healthy food & drinks, spas & massages, relaxation services & products, beauty sector, fitness centers and so on. So, it extends into so many products and services and is supported by many other industries. Hence, the money involved is huge!

How is it becoming so important all of a sudden?

Olden days, our lifestyle and food habits were different. They were more healthy and natural. There was no much pollution or stress.

Hence, health problems faced were different. They usually would be by infection or physical injuries. Treating the body with one or few medicines was the solution. Example: treating the malaria with drugs like Chloroquine.

But, nowadays health problems are different. Causes for them are multidimensional (genetic, food, lifestyle, pollution etc) and most of the times unknown or unpredictable. They are not only related to body and not just occur as a physical symptom or sign. That is where it needs attention from many sides and multiple approaches to tackle. Added to this people are becoming more aware and informed about health problems and are becoming more conscious towards protecting their health. Example: Diabetes prevention and treatment is not possible only by giving a 'drug'.

All the above reasons have contributed to the growth of 'wellness' industry and is becoming the next trillion dollar industry.

Stay Well...!

My Forex Story...!

I did not know much about trading shares / stocks or currencies and commodities until last year. No matter who ever explained, I was unable to understand the core of how it works!

All of a sudden, from nowhere, I started trading currencies and commodities with the help of a web based program. They gave a demo account initially to practice and then I started real trading after understanding the basics.

Initially I made very little but steady growth of gains and in between I lost some money due to hasty, immature and greedy decisions. These three are very important to avoid in any trading of such kind, may it be forex or stocks. Later on I learnt to be patient, studious and not to be greedy in this market. Now I am spending 30-60 minutes a day (sometimes once in 2 days) and maintaining steady and gradual growth.

The platform I found is Easy-Forex (click to go to the website)

The platform has very good, user-friendly interface for which you don't have to download anythinig. It is just a web based program and hence the advantage is 'you can use it from anywhere' just like email. They are very professional in maintaining your accounts and giving expert support in learning or understanding the market. Joining, learning or maintaining your account needs no money...it is all for FREE. You need money only if you wish to trade and when you start trading.

Are you thinking that I am trying to drag you into this business? Definitely not ! Because I would like to warn you about the risks involved as well. Forex trading is quite risky and there are chances of losing (or gaining)huge money. So, I recommend you not to invest an amount which is your hard earned money for life. Invest only small amount of money which you think would not harm your life even if you lose it.

Note: Please study and practice well before you jump into any investments.

All the best...!

Network Marketing ? Not for me...!

'They' say 'New Age' marketing is only through Network Marketing !

I don't know how far it is true. However, I do see many MLM (Multi Level Marketing or Network Marketing in other words) companies in the market. Some are BIG, some are medium and some are working within just a small territory or group of people. Of course, there are thousands (may be millions) of MLM companies / systems in the graveyard as well.

What ever 'they' claim, I am unable to prove successful in this business, to be honest. I have tried several 'successful' business models of this MLM, but none worked for me. Amway, Nuskin, Questnet and Savelife Insurance are few of them to quote...! (I don't mind if you think I am an idiot to try so many, reason is below).

One thing I have realized (learning about business was my benefit by paying their tuition fee !) is 'you need to be a good sales person with lots of patience to be successful (?) in network marketing. In addition, you need to spend a lot of time to learn, sell and to grow your network. It is not just 1 to 2 hours effort in a week and make thousands of dollars, don't believe 'them'. Nothing works like that in this world. Do let me know if there is any ! Hmm...forgot to mention that making new friends was one more benefit.

I am not saying that this is a failure business model. What I mean is this business, as any other, needs lot of effort, time, patience and some money to spend. If you are ready to dedicate yourself with all these you may succeed. I have met some people who are 'successful' !

All the best...!

Business to keep us busy...

Dear all,

The word 'business' gives a picture in our mind. That is nothing but 'money' !

However, practically, it is not only about money in business. It demands quite a wide knowledge of the market, customers, opportunities, technical know-hows, soft skills related to human resource management-marketing and so on. Finally you have 'money' in business.

Traditionally 'business' means, selling a product and taking money for it. It is true even now. However, the scope of 'product' nowadays is so wide that it has included everything under the sun, sometimes proving to be 'inhumane' business.

Usually, either 'products' or 'services' are sold in business for monetary benefits. Products can be physical or virtual. Services can range from real serving to consultation services and brokerage.

However, what we are concentrating in this blog is 'how to make some extra money' apart from our regular income to fulfill our dreams or may be for some, basic needs.

Please remember that this is not a business portal or a fraud business but just a place to share our experiences and show opportunities to others who are also in search of such opportunities.

Please ignore and leave this blog, should you feel that we are making some money out of this. It is just a friendly gesture to help each other. Of course, some business may give any of us referral charges.

In addition, please share your 'bad' experiences as well, if any, with us so that people would be more careful while choosing some business opportunities or so called 'business sites' (business only for the site owner...!)

Note: Please share only legal ideas /
businesses.