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Forex Tutorial: Introduction to Currency Trading
The foreign exchange market (forex or FX for short) is one of the most exciting, fast-paced markets around. Until recently, forex trading in the currency market had been the domain of large financial institutions, corporations, central banks, hedge funds and extremely wealthy individuals. The emergence of the internet has changed all of this, and now it is possible for average investors to buy and sell currencies easily with the click of a mouse through online brokerage accounts.
Daily currency fluctuations are usually very small. Most currency pairs move less than one cent per day, representing a less than 1% change in the value of the currency. This makes foreign exchange one of the least volatile financial markets around. Therefore, many currency speculators rely on the availability of enormous leverage to increase the value of potential movements. In the retail forex market, leverage can be as much as 250:1. Higher leverage can be extremely risky, but because of round-the-clock trading and deep liquidity, foreign exchange brokers have been able to make high leverage an industry standard in order to make the movements meaningful for currency traders.
Extreme liquidity and the availability of high leverage have helped to spur the market's rapid growth and made it the ideal place for many traders. Positions can be opened and closed within minutes or can be held for months. Currency prices are based on objective considerations of supply and demand and cannot be manipulated easily because the size of the market does not allow even the largest players, such as central banks, to move prices at will.
The forex market provides plenty of opportunity for investors. However, in order to be successful, a currency trader has to understand the basics behind currency movements.
The goal of this forex tutorial is to provide a foundation for investors or traders who are new to the foreign currency markets. We'll cover the basics of exchange rates, the market's history and the key concepts you need to understand in order to be able to participate in this market. We'll also venture into how to start trading foreign currencies and the different types of strategies that can be employed.
"Broadband"
Mobile Broadband enables users to utilise high-speed Internet connectivity while on the go. This would mean customers can access the broadband connectivity without being stationed in a particular area wirelessly.
What is 3G
3G or third generation is the generic term used for the next generation of mobile communications systems. This technology enhances mobile services available today and offer multimedia rich content, high speed Internet access and the ability to view live video footage (Video Calls) while offering transmission speeds of up to 384kbps thus enhancing the Internet browsing experience.
Celcom offers discounts on mobile broadband, postpaid and prepaid services
CELCOM (Malaysia) Berhad unveiled its latest promotional blitz that promises users the biggest discounts on its mobile broadband, postpaid and prepaid services in Seremban recently.
Its vice-president for regional operations, Azlan Ismail, said Celcom’s Broadband Big Deals promotion was ideal for those who were keen on getting new mobile services or even upgrading their present ones.
“Don’t miss the chance to get the best deals on the latest mobile services.
“Our customers can expect nothing but the best offers for Celcom broadband, postpaid and prepaid products as well as fun-filled activities for the whole family,” he said at a press conference at the Royal Bintang Hotel in Seremban.
Azlan said Celcom Broadband continued to stake its claim as the preferred broadband service provider with a 300% year-on-year subscriber growth, totalling 228,000 subscribers as of December last year.
“We want more people to try our services for themselves and we are targeting 5,000 new users for our broadband services,” he said.
During the promotion, customers can look forward to good deals including getting free USB stick modems when they subscribe to the Broadband Basic package at RM89 a month or the Broadband Advance package at RM119 a month.
“Customers can also buy the Celcom-Vodafone USB stick for only RM333 when they sign up for any Celcom Broadband monthly package at RM68 a month (for Broadband Basic package) and RM98 a month (for Broadband Advance package),” he said.
In the central region, the Celcom Broadband Big Deals sales event would be held from March 17 to 29 at South Court, AEON Bukit Tinggi Shopping Centre and from March 20 to 22 at West Concourse, Dataran Pahlawan Melaka Megamall and Boulevard, Low Yat Plaza, Bukit Bintang.
In addition to enjoying exclusive offers at the event, customers stand to win prizes that include a motorcycle, laptop, 32-inch LCD TV set and mobile phone when they sign up for the packages.
Mobile broadband usage surges
According to Informa Telecoms and Media's latest World Cellular Data Metrics, higher non-voice services usage has boosted mobile operators' total data revenues by 8.5% to $46.5 billion in the first quarter. The value of the non-voice market last year was estimated at $180 billion, contributing at least 20% to total service revenues.
As evidenced by these figures, operators are now increasingly relying on mobile broadband services to boost revenues, fuel growth and help retain subscribers in a fiercely competitive market. More than being revenue generators, data services such as messaging, entertainment, internet access and mobile banking are retention tools and differentiators for operators.
Mobile broadband is most popular in Asia Pacific, which has more than 90 million subscribers. The Latin America market grew at 385% year-on-year to 10 million subscribers at end-March. Emerging markets are bigger consumers of mobile broadband services since fixed broadband penetration in these regions are usually limited. This has prompted mobile operators to look at the opportunity to use recently deployed 3G networks as a way to connect more people to the internet and, in effect, generate more revenues.
Apart from limited fixed broadband access, also driving the growth in mobile broadband usage is the emergence of capable devices. What was once an area dominated by the corporate segment, the consumer market is now driving the evolution of the mobile data market.
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COPYRIGHT 2009 Gale, Cengage Learning