Showing posts with label Basic Information on Forex Trading. Show all posts
Showing posts with label Basic Information on Forex Trading. Show all posts

Tuesday, February 9, 2010

National Leaders Be printed on Rupees!

Apart from the issue of the devaluation of the Pakistani Rupees due to the down sliding economy, the issue of the images of our national leaders be printed on the rupees is not something often discussed. All of our rupee coins and notes have the image of Quaid-e-Azam, and probably it is evident that so far Quaid-e-Azam is the only national figure that has able to survive in the minds of the youth and masses in general.

What if we have the images of our other national/ historical leaders???

“The minister for Defense Production Sardar Abdul Qayum Jatoi has urged for the print of Allama Iqbal image on 100-rupees currency note as this will be a good message for youth.

He said most of the countries have printed the images of their national heroes on currency notes so we must print the image of our national poet Allama Iqbal on 100-rupees currency note.

Having just Allama Iqbal’s image on 100 rupee will be a small step, but a better step. It is important more than ever in these times when the youth of Pakistan have absolutely no connection what so ever with creators and pioneers of Pakistan. In the United States, each note of a Dollar has an image of one of the unanimously great President. The first President George Washington is on the 1$ note, and then other Presidents. Although, we do not have any Prime Ministers that we can their images on, we do have plenty of national leaders who fought and shaped the image of Pakistan- The Land of the Pure.

I am here suggesting some of the names:

Allama Iqbal,

Liaqat Ali Khan,

Mohtarma Fatima Jinnah,

Choudary Rehmat Ali

Ali Brothers

If you think others should be please do write it in the comments, inshallah.

Our government should try to have one national leader per note of our Rupee. That way the illiterate people as well as many educated yet ignorant youth of Pakistan would also know or at least remember the names and faces of our great leaders, without whom Pakistan would never have existed!

Saturday, January 23, 2010

Forex Rates In Pakistan


The rates of forex in pakistan. Taht are the result of 24 august 2004.

Tuesday, December 8, 2009

Basic Information on Forex Trading

The Forex market (Foreign Exchange Market) has by far the most money changing hands every day than any other trading in finance. It out-performs the New York Stock Exchange by over one hundred times which is contrary to most peoples' information on Forex trading and is a truly astonishing statistic. An amazing one and a half trillion US Dollars is traded daily which makes it the zenith of financial trading.

The Forex market is a world wide market with the main centres being in New York, Tokyo, London, Frankfurt and Sydney. Because the Forex market is traded all around the globe, it is able to operate almost twenty four hours per day.

Trades are made between individual participants and not through a central exchange. This is known as an "interbank" market as trades are administered over the counter (OTC).

Basic information on Forex trading market is the buying and selling of one countries currency against another countries currency. Money is made and lost when the currencies, for example, (GBP) Pounds Sterling and (USD) United States Dollars, are bought at the current exchange rate, and sold back either when the market has performed in your favour and made you money or gone against you and you have lost money.

There are many different markets and information on Forex trading but the most important market is the "spot market". It is called that because the trades are performed then and there, on the spot. Other important markets are futures trading, trading on margin and forward outrights, and they are more involved in their execution.

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