Professional Beggars
Thailand's beggars has revealed a business built on children trafficked from Cambodia and Burma, who make nothing from their takings and are sometimes beaten. The brokers get the children from poor families in the border regions by buying, renting or kidnapping them. Hundreds of these children have been rescued and rehabilitated. Before a child is sent home, non-government organisations and the ministry evaluate the family first to ensure the families will not sell the children again. In July 2005, the Royal Thai Police set up a division focused on protection of children and women, and the division's commander has said the child beggars will be treated as victims and not as criminals.
A new snapshot of the begging trade in Bangkok shows a business built on children trafficked from Cambodia and Burma who never profit personally from their lucrative daily takings and are sometimes beaten to make them objects of greater pity.
No one can say how many children are begging in the Thai capital but the three-month survey of the trade earlier this year shows children aged from three months to 10 years are working long hours in tourist destinations and busy business precincts. A handler sits close by in a small business, perhaps selling flowers, and regularly collecting the cash.
The findings are set out in a report released with the International Labour Organisation, "Child Beggar Business - Investigating Children in the Beggar Business."
The survey, during which researchers observed the beggars at four central Bangkok locations for three months, proved that it was a business, not normal begging.
It is a lucrative trade, with children making between 500 baht ($15.80) and 3000 baht a day for their brokers. They receive only basic food and accommodation. A shop assistant earns 6000 baht a month.
The survey showed old women carrying very young children or babies, one old woman with a different child each day or the same children with a different mother. Rarely did the children speak Thai: most of them came from Cambodia or Burma. The brokers got the children from poor families in the border regions by buying, renting or kidnapping them.
Forex Help
For the last three decades Foreign Exchange market, - briefly Forex or FX, had integrated into the world's biggest financial market. The volume of daily transactions is about 1-3 trillion of US dollars. The trading instruments on this market are the currencies of different countries, so the fluctuation of currency's rates allows to gain a real profit.
Of course monetary assets of different countries exchanged since the term money appeared as well as an idea to obtain profit from currency's rates difference. Now it is not a new idea, but the transformation of foreign exchange market to the modern stage with an opportunity to conduct conversional operations of such volumes arose only after an introduction of floating rates regime by the state-members of IMF. Within this regime's framework the rate of one currency to another is defining only by the supply and demand on the market.
Presently Forex market is a global telecommunication network of banks and different financial organizations. It does not have any fixed trading place and time restrictions - the trade starts on Monday morning in New Zealand and closes on Friday evening in USA
The advantages of Forex market are:
Round-the-clock trading access: the ability to trade for 24 hours a day;
Liquidity: the market works with a huge money and gives the customers complete freedom to open or close their position of different volume;
Leverage: an ability to use leverage. It decreases requirements to the sum of the initial deposit (margin trade). So in case you deposit 10 000 USD into your account you'd have an opportunity to work with 1 000 000 USD (leverage 1:100);
Objectivity: no exterior regulated structures, so the currency's rate is establishing in accordance with current supply and demand on the market;
Globality: everyone can become a market participant irrespective to the living place, as trading requires only your skills and Internet access.
At present mostly all the operations on the market are conducting only to obtain profit. With the development of Internet and other means of communication this sector of the financial markets becomes more accessible and attractive for the investors of different levels.
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
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.
Learning Currency Trading
Everything about successful Forex trading can be specifically learned and it represents one of the few ways for people to start with small stakes and build wealth quickly. If you have the RIGHT mindset and the right tools, you can start building big profits in under an hour a day - even if you have never traded before.
FX trading success relies on proven trading strategies to get the odds on your side and on this site you will find ones which work for us and will work for you to build bigger profits in global FX trading
Learn From Experienced Traders
We have over 25 years of trading experience of trading Forex - were not self-proclaimed experts or gurus – were experienced traders and use proven Forex trading strategies that work for us and will work for you.
On this site we have provided some basics on how to get started, as well as some wealth building reports for you to download - FREE with our compliments.
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.
