Questions About Forex Trading

What is Forex Trading ?
The foreign exchange (currency or forex or FX) market exists wherever one currency is traded for another. It is by far the largest financial market in the world, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions.

The average daily trade in the global forex markets currently exceeds US$ 2 trillion. Retail traders (individuals) are a small fraction of this market and may only participate indirectly through brokers or banks

What is traded in Forex Trading ?
The answer is Currency. Currencies are always traded in pairs, such as EUR/USD, GBP/USD, etc. Why ? Because when you trade forex, you are exchanging 1 currency to another currency simultaneously (buying 1 currency and selling the other at the same instance). You will gain from differences of traded currency price rates.

When is the time to trade forex ?
Forex can be traded 24 hours a day and 5 days a week. The main trading centers are in London, New York, Tokyo, and Singapore, but banks throughout the world participate. The biggest foreign exchange trading centre is London, followed by New York and Tokyo. Currency trading happens continuously throughout the day; as the Asian trading session ends, the European session begins, followed by the US session and then back to the Asian session, excluding weekends

Read More

Currency Trading

Courses in Currency Trading

There are many courses in currency trading and we offer one on this site but what makes a good currency trading course? Let’s have a look at some key elements that a course should contain to help you get the right forex education and achieve long term currency trading success.

Firstly look for realism, don’t be deceived by people telling you that you can make a fortune with no effort – you can’t. If you want to get a course in currency trading then it is up to you to learn the logic, understand it, have confidence in it and apply it with discipline, to lead you to long term success.

Here are some points to be aware of when buying a currency trading course.

1. Beware of courses that Claim Scientific Accuracy

There are many courses that will tell you they can trade with scientific accuracy - but they can’t. If there was a scientific theory of market movement, there would actually be no market, as we would all know the price in advance.

Forex trading is a game of odds - NOT certainties and any system can lose money in the short term, that simply the reality of trading.

2. Beware of courses that Use Far Out Theories

The king of these is Fibonacci and trading Fibonacci retracements.

The Fibonacci number sequence has nothing to do with trading and if Leonardo Fibonacci were around today (he died in the thirteenth century) he would probably be bemused at the way financial traders have hijacked his theory and applied it to trading.

The theory was originally used to solve a problem to do with the copulation of rabbits and has nothing to do with finance.

Traders present it as a scientific theory for trading but it is anything but – if it were scientific the retracements would work every time and they don’t they work some of the time but you can pick any retracement percentage you like and it will work some the time – but that’s not scientific!

Other similar theories are Gann and Elliot wave, both claim to be scientific but are not – leave them to the far out crowd and dreamers.

3. Beware of The Track Record

Anyone can make up any track record and many vendors do!

Be cautious when you see one that looks to good to be true, as it will normally be accompanied by the following disclaimer or a similar one, read it carefully:

"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".

If a vendor puts this disclaimer on a track record, they can simulate anything they want in hindsight knowing the closing prices. Of course doing this is a lot easier than trading for real and not knowing what they are!

4. Beware of Courses that Promise Regular Income

How on earth can you promise a regular income from a market that’s so un-predictable?

Not even the best currency trading systems win all the time and all will have periods of drawdown and losses furthermore, you can never anticipate how long they will last.

Over the longer term a soundly based forex trading strategy should make money - but in shorter time frames anything can happen

5. Beware of Day Trading and Scalping Courses

Forex day trading and scalping is simply one of the best ways to wipeout your account equity. Volatility in short term time frames is random, support and resistance levels are meaningless and you can’t get the odds in your favor – period.

If you ever see a day trading system that produces a track record of gains look for the disclaimer we have highlighted in point 3.

Avoid day trading systems!

6. Beware of Courses with No Satisfaction Guarantee

Any currency trading course will make claims and give you the benefits it thinks it will give you and that’s fair enough – but the vendor is asking you to believe these claims and you therefore should have a right to have your money back, if the course does not deliver what you expect.

You should look for a guarantee that offers to rebate your money in FULL with no penalties after a trial period should you not be satisfied.

Read More

Forex and Marketing

if you work smart and have the right knowledge to apply. You can get a lot of information from the net regarding currency projections and currency trading.

Using the long-term trend, learn resistance, support and timeless theory of breakouts following methodology.

This can help with your currency projections. The key is confirming any trading signal you execute with momentum indicators. A money management system should interpret the currency projections correctly to get the optimum result.

The system should be kept simple to interpret the currency projections and the market correctly. Having a lot of indicators to help with currency projection never helps, only breaks down the system.

Read More

Online Forex Trading

Because trade report is so critical to a forex business, most online sites suggest a far-reaching accumulation of utilitarian information. The most appropriate sites will not usually post genuine time quotes, though will additionally give we a allude to locator which will assistance we find a specific banking pair. You will be meddlesome in meaningful about a critical banking pairs, though we might be trade with alternative pairs as well. Creating your own law allude to list is an choice which is additionally unequivocally great to have.

Read More

Preschool Franchise Business

Kids Preschool Franchise Fees Income Opportunity

DRS group is a renowned business house with well diversified interests and a combined turnover in excess of 500 crores. DRS International School at Hyderabad since 2003 and a chain of over 100 preschools across India under the brand name DRS Kids and Edify Kids have made its presence in the field of education. Curriculum designed on primary year program (International Baccalaureate (IB)) guidelines.

• Theme based activity centric curriculum
• Comprehensive reading and writing readiness program
• Low Investment with high returns with an agreement of 10 years.
• Training support for the Center Head / Owners for the insight into the program and the management aspects.
• Marketing support (includes national print and electronic media).
• Team experts have hand picked teaching aids and resources.

The increasing Global competition has awakened parents to the fact that children need to be fully equipped to face challenges from a young age. Facing a tough struggle to get admission to kindergarten has made them realize that the situation demanded right grooming for their child from an even early age. It was then that the need for pre-schooling was acutely felt. In spite of this, the demand for quality inadequate pre-schools throughout the country is enormous. The recent past has seen the entry of reputed organizations, with a more professional approach, into the field. They have enjoyed a fair amount of success. And paved the way for a new entrant “EDIFY Kids” to grab a major share of the market.

Proven Backing

EDIFY KIDS is an initiative of the DRS GROUP, a well-known business house with diversified interests, with a combined turnover in excess of Rs. 500 crores. DRS has already made its presence felt in the field of education by establishing “DRS International School” at Hyderabad in 2003. Right from inception of operation, DRS International School has moved from strength to strength has created a niche market for itself in the international school arena, truly with its motto, “Strive to Surpass”, DRS International School has pledged to create a society of progressive thinking individuals by providing the finest quality education to its students.

Since inception in 2003, DRS International School has been striving to bring about a transformation in the education scenario. The endeavor is not so much to ‘teach’ the child but to empower the student to embark upon his\her own exciting journey of discovery and learning. It firmly believes that students and teachers are Co-travelers on the road to knowledge and self-actualization.

An ISO Certified Institution, DRS International School is an International Baccalaureate (IB) awarding school. The Board of advisors comprising eminent personalities including Sri T. N. Seshan, IAS, Former Chief Election Commissioner of India and Sri Gulab Ramchandani Ex Head Master, Doon School.

Firmly committed to its vision, DRS International School has, in a short span of time, succeeded in making a mark upon the educational landscape and today figures among the leading schools in the country.

	A	B	C	D	E	F	G
1	PARTICULARS (Tier I Cities)	1st Year	2nd Year	3rd Year	4th Year	5th Year	6th Year
2	No. of Students -PG	20	25	30	30	30	35
3	No. of Students -IK-1	15	20	25	30	30	35
4	No. of Students -IK-2	15	15	20	25	30	35
5	No. of Students -IK-3		15	15	20	30	35
6	Total no. of Students	50	75	90	105	120	140
7	Tuition Fee per Student	2000	2000	2200	2200	2400	2400
8	Total Monthly Tuition fee	100000	150000	198000	231000	288000	336000
9	Period of Operation in Months	12	12	12	12	12	12
10	Total Yearly fee ( A )	1200000	1800000	2376000	2772000	3456000	4032000
11	Admission fee (Non Refundable)	5000	5000	5000	5000	5000	5000
12	Application Registration fee	500	500	500	500	500	500
13	Total revenue from adm fee ( B )	250000	125000	75000	75000	75000	100000
14	Note: Application fee of 500Rs is not added in Total revenue from adm fee.
15	Annual fee (one time Non Refundable)	2000	2000	2000	2500	2500	2500
16	Total Annual fee	100000	150000	180000	262500	300000	350000
17
18	Total Revenue Yearly (A+B+C)	1550000	2075000	2631000	3109500	3831000	4482000
19	Royalty on tution fee @ 14% from 4th year onwards calucalated
20	Royalty on Tuition fee @ 18% (on each child)	216000	324000	427680	388080	483840	564480
21	Total Revenue less Royalty	1334000	1751000	2203320	2721420	3347160	3917520
22	Recurring expenses
23	Salary Teaching Staff @ 12:1 (teacher @ 5000 average)	15000	25000	30000	35000	45000	50000
24	Salary Non Teaching Staff	8000	10000	12000	14000	16000	18000
25	Electricity	2000	3000	3500	4000	4000	4000
26	Stationary & Out-of-pocket expenses	4000	6000	8000	10000	12000	14000
27	Miscellaneous	2000	6000	8000	10000	12000	14000
28	Telephone Charges	1000	1200	1400	1600	1800	2000
29	Local Promotion	6000	6000	8000	8000	6000	6000
30	Rent for school	25000	27500	30250	33275	36603	40263
31	Total monthly expenses	63000	84700	101150	115875	133403	148263
32	Period of Operation in Months	12	12	12	12	12	12
33	Total yearly expenses (2)	756000	1016400	1213800	1390500	1600830	1779153
34	Gross Profit
35	Total GP	578000	734600	989520	1330920	1746330	2138367
36	Fixed expenses
37	Agreement Fee	285000
38
39	Annual Extension Fee				7500	7500	7500
40	Total Fixed expenses	285000
41	Net Profit after expenses	293000	734600	989520	1323420	1738830	2130867
42
43	Royalty:
44
45	Years	Percentage
46
47	1st Year	18%
48	2nd Year	18%
49	3rd Year	18%
50
51	4th Year	14%
52	5th Year	14%
53	6th Year	14%
54
55	7th Year	10%
56	8th Year	10%
57	9th Year	10%
58	10th Year	10%
59
60	The above percentage mentioned will be calculated on Tuition Fee only
61
62	4th Year to 10th Year an annual fee of Rs. 7500/- will be charged.
63
64	There is added advantage to the above proposal from the 4th year onward if the royalty goes up beyond 2.75 lacks per annum, then the associates will have to pay only 2.75 lacks per annum and from the 7th year only 2 lacks per annum.

Read More