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Forex Trading just means buying or selling currency pairs with the intention of making a profit through the forex market. Most people know the foreign exchange as a market where currencies are exchanged.
This exchange can be profitable if done in big volumes. It is pretty comparable to the stock market. Always buy low, always sell high. A profit is gained by price movement in or against your favor. Now let us look at ways currencies are traded.
All currencies on the forex market are traded in the form of a currency pair. For illustration, the Euro/Usd pair which is just the Euro Dollar against the American Dollar. Or the Gbp/Jpy pair which is the British Pound versus the Japanese Yen.
Why is this done? In a pair, the value of a currency can be known. This comparison between two currencies allows us to determine if a currency has risen or dropped in value. They can be paired not just with other currencies but with commodities as well such as silver and gold. Let us understand currency pairs a bit more. The In any pair, the currency seperated to the left is called the base currency while the one on the right is known as the quote currency. In the case of the Eur/Usd, the base currency would be Eur while the quote currency would be Usd. What takes place when a trader buys a pair is the buying of the base currency against the selling of the quote currency. The opposite happens should you sell the pair, you sell the base currency and buy the quote currency.
Saturday, February 6, 2010
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Philippines Light Rail Transit Public Transportation
The Manila Light Rail Transit System (Filipino: Sistema ng Magaan na Riles Panlulan ng Maynila),[citation needed] popularly known as the LRT, is a metropolitan rail system serving the Metro Manila area in the Philippines. Its twenty-nine stations over 28.8 kilometers (17.9 mi) of mostly elevated track form two lines. LRT Line 1, also called the Yellow Line, opened in 1984 and travels a north–south route. LRT Line 2, the Purple Line, was completed in 2004 and runs east–west.
The LRT is operated by the Light Rail Transit Authority (LRTA), a government-owned and controlled corporation under the authority of the Department of Transportation and Communications (DOTC). Along with the Manila Metro Rail Transit System (MRT, also called the Blue Line), and the Philippine National Railways (PNR), the LRT is part of Metro Manila's rail transportation infrastructure known as the Strong Republic Transit System (SRTS)
Stations
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Malacañan Palace, is the official residence of the President of the Philippines.
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