musabib

Tuesday, January 20, 2009

Forex New (20-Jan-09)

Stocks News

On Tuesday, 20th Jan 2009

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Commodities, financials take market down...

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Sinopec Group produces 41.80 mln tons of crude oil in 2008...

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China copper confidence contrasts with aluminium woe...

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Sunday, January 18, 2009

SBP DIARY On SATURDAY

SBP Diary

On Saturday, 17th Jan 2009

SBP to be reformed, made more autonomous: NA told

ISLAMABAD: The National Assembly (NA) on Friday was told that the government would bring reforms in State Bank of Pakistan to make it more autonomous so that it takes measures to streamline the national economy.

Replying to a question, State Minister for Finance and Revenue Hina Rabbani Khar said though presently too, the central bank is functioning autonomously, there is always room for reforms and improvements, which are being made by the government.

She said that efforts were underway to increase the tax to GDP ratio including broadening and expanding the tax base, strengthening of enforcements, withdrawal of unnecessary exemptions, bringing in entire sectors such as retail and services under the tax net and prevention of revenue leakage through automation and re-engineering.

To a question, the state minister said presently there is no proposal under consideration to restore six per cent payment to garments exporters under the head of research and development. She also added that there is no proposal under consideration to reduce GST on electricity bills.

Khar told the House that deposits received from the public at the National Savings Centre are credited to Public Accounts and form part of domestic debt utilised for budgetary purposes, not for profit earning. She said yet there is no proposal to run National Saving Schemes under the Islamic banking system. However, she assured that the proposal would be considered if it is forwarded through the Finance Committee.

Tuesday, January 13, 2009

New Forex

Forex with sandy beaches and plenty of hotels, though the atmosphere is a lot more resort-like than in Kilifi. Offshore are the southern part of the Malindi Marine Reserve, and the unspoilt forests of Arabuko Sokoke Forest Reserve and the Swahili ruins of Gede are both a short distance away.

The coast here is broken up into three separate coves divided by eroded rocky headlands. Each bay becomes a broad white strand at low tide, and many people walk across to the offshore islands. Like the southern resorts, Watamu inundated with sea weed at certain times, but the sand is usually clear from December to April.

Although Watamu is a primarily a package resort, Swahili fishers still moor their dhows just meters from the sunbathing tourists and a village of mud-walled houses sits immediately behind the resorts. You’re equally likely to see a herd of goats or an expat’s sports car on the main road.

Most resorts are south of Watamu, on the road that runs down to KWS headquarters, but the Watamu Beach Hotel and the cheap guest houses are reached by beach Way Rd, which leads down to the old village and is lined with souvenir stalls. The old village itself is something of a maze, with unofficial street names in graffiti (look out for cash money road and new Blab la bla Rd 2000), but the main track is easy enough to follow.

Information
There are now no banks in Watamu, so your only options are the forex bureaus at the big hotels and Tunda Tours. If you need to use an ATM, Your nearest choices are in Kilifi or Malindi. The post office is on the Gede road.

Sights at Watamu

Bio Ken snake farm and & laboratory

This excellent snake farm is by far the best of all snake parks situated along the coast. The farm was established by the late James Ashe, who was a reptile expert and former curator from the national museums of Kenya. Ashe achieved such level of recognition in his field that he even has a bush viper named after him.

The farm is a nonprofit organisation, providing free antivenin wherever it is needed in Kenya. As well as touring the facilities, staff can take you on a day safari to look for snakes in their natural habitat (Kshs 4500)
The centre is just north of Watamu village on the main beach road.

Watamu Marine national Park

The southern part of Malindi Marine Reserve, this marine park includes some magnificent coral reefs and abundant fish-life. It lies around 2km off-shore from Watamu. To get to the park you’ll need to hire a glass-bottomed boat, which is easy enough at the KWS office, at the end of the coast road, where you pay the park fees.

For marine park trips, boat operators ask anything from Kshs 1800 to Kshs 3500 per person, excluding park fees; it’s all negotiable. All the big hotels offer ‘goggling’ (snorkeling) trips to non-guests for around Kshs 1500. The best are the snorkel safaris run by zoologist Richard Bennet from the turtle bay discovery centre at the Turtle bay Beach Club.

Mida Creek

The extensive mangrove forests around Mida Creek, just south of Watamu, support a huge number of bird species, including the

Sunday, January 11, 2009

Advantages of the Forex Market

What are the advantages of the Forex Market over other types of investments?

When thinking about various investments, there is one investment vehicle that comes to mind. The Forex or Foreign Currency Market has many advantages over other types of investments. The Forex market is open 24 hrs a day, unlike the regular stock markets. Most investments require a substantial amount of capital before you can take advantage of an investment opportunity. To trade Forex, you only need a small amount of capital. Anyone can enter the market with as little as $300 USD to trade a "mini account", which allows you to trade lots of 10,000 units. One lot of 10,000 units of currency is equal to 1 contract. Each "pip" or move up or down in the currency pair is worth a $1 gain or loss, depending on which side of the market you are on. A standard account gives you control over 100,000 units of currency and a pip is worth $10.

The Forex market is also very liquid. When trading Forex you have full control of your capital.

Many other types of investments require holding your money up for long periods of time. This is a disadvantage because if you need to use the capital it can be difficult to access to it without taking a huge loss. Also, with a small amount of money, you can control

Forex traders can be profitable in bullish or bearish market conditions. Stock market traders need stock prices to rise in order to take a profit. Forex traders can make a profit during up trends and downtrends. Forex Trading can be risky, but with having the ability to have a good system to follow, good money management skills, and possessing self discipline, Forex trading can be a relatively low risk investment.

The Forex market can be traded anytime, anywhere. As long as you have access to a computer, you have the ability to trade the Forex market. An important thing to remember is before jumping into trading currencies, is it wise to practice with "paper money", or "fake money." Most brokers have demo accounts where you can download their trading station and practice real time with fake money. While this is no guarantee of your performance with real money, practicing can give you a huge advantage to become better prepared when you trade with your real, hard earned money. There are also many Forex courses on the internet, just be careful when choosing which ones to purchase.

Saturday, December 27, 2008

Forex1

Wednesday, December 17, 2008

Forex - Market Liquidity

Market liquidity is a business, economics or investment term that refers to an asset's ability to be easily converted through an act of buying or selling without causing a significant movement in the price and with minimum loss of value. Money, or cash on hand, is the most liquid asset.An act of exchange of a less liquid asset with a more liquid asset is called liquidation. Liquidity also refers both to that quality of a business which enables it to meet its payment obligations, in terms of possessing sufficient liquid assets; and to such assets themselves.