Foreign Exchange

Forex is a commonly used abbreviation for "foreign exchange," and it is typically used to describe trading in the foreign exchange market by investors and speculators. For example, imagine a situation where the U.S. dollar is expected to weaken in value relative to the euro. A forex trader in this situation will sell dollars and buy euros. If the euro strengthens, the purchasing power to buy dollars has now increased. The trader can now buy back more dollars than they had to begin with, making a profit. It is similar to stock trading. A stock trader will buy a stock if they think its price will rise in the future and sell a stock if they think its price will fall in the future. Similarly, a forex trader will buy a currency pair if they expect its exchange rate will rise in the future and sell a currency pair if they expect its exchange rate will fall in the future.








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World Currencies

Afghanistan - Afghani
Albania - Lek
Algeria - Dinar
Andorra - Euro
Angola - New Kwanza
Antigua and Barbuda - East Caribbean dollar
Argentina - Peso
Armenia - Dram
Australia - Australian dollar
Austria - Euro (formerly schilling)
Azerbaijan - Manat
Bahamas - Bahamian dollar
Bahrain - Bahrain dinar
Bangladesh - Taka
Barbados - Barbados dollar
Belarus - Belorussian ruble
Belgium - Euro (formerly Belgian franc)
Belize - Belize dollar
Benin - CFA Franc
Bhutan - Ngultrum
Bolivia - Boliviano
Bosnia and Herzegovina - Marka
Botswana - Pula
Brazil - Real
Brunei - Brunei dollar
Bulgaria - Lev
Burkina Faso - CFA Franc
Burundi - Burundi franc
Cambodia - Riel
Cameroon - CFA Franc
Canada - Canadian dollar
Cape Verde - Cape Verdean escudo
Central African Republic - CFA Franc
Chad - CFA Franc
Chile - Chilean Peso
China - Yuan/Renminbi
Colombia - Colombian Peso
Comoros - Franc
Congo, Democratic Republic of the - Congolese franc
Congo, Republic of - CFA Franc
Costa Rica - Colón
Côte d'Ivoire - CFA Franc
Croatia - Kuna
Cuba - Cuban Peso
Cyprus - Cyprus pound
Czech Republic - Koruna
Denmark - Krone
Djibouti - Djibouti franc
Dominica - East Caribbean dollar
Dominican Republic - Dominican Peso
East Timor - U.S. dollar
Ecuador - U.S. dollar
Egypt - Egyptian pound
El Salvador - Colón; U.S. dollar
Equatorial Guinea - CFA Franc
Eritrea - Nakfa
Estonia - Kroon
Ethiopia - Birr
Fiji - Fiji dollar
Finland - Euro (formerly markka)
France - Euro (formerly French franc)
Gabon - CFA Franc
Gambia - Dalasi
Georgia - Lari
Germany - Euro (formerly Deutsche mark)
Ghana - Cedi
Greece - Euro (formerly drachma)
Grenada - East Caribbean dollar
Guatemala - Quetzal
Guinea - Guinean franc
Guinea-Bissau - CFA Franc
Guyana - Guyanese dollar
Haiti - Gourde
Honduras - Lempira
Hungary - Forint
Iceland - Icelandic króna
India - Rupee
Indonesia - Rupiah
Iran - Rial
Iraq - U.S. dollar
Ireland - Euro (formerly Irish pound [punt])
Israel - Shekel
Italy - Euro (formerly lira)
Jamaica - Jamaican dollar
Japan - Yen
Jordan - Jordanian dinar
Kazakhstan - Tenge
Kenya - Kenya shilling
Kiribati - Australian dollar
Korea, North - Won
Korea, South - Won
Kuwait - Kuwaiti dinar
Kyrgyzstan - Som
Laos - New Kip
Latvia - Lats
Lebanon - Lebanese pound
Lesotho - Maluti
Liberia - Liberian dollar
Libya - Libyan dinar
Liechtenstein - Swiss franc
Lithuania - Litas
Luxembourg - Euro (formerly Luxembourg franc)
Macedonia - Denar
Madagascar - Malagasy franc
Malawi - Kwacha
Malaysia - Ringgit
Maldives - RufiyaMaliCFA Franc
Malta - Euro
Mauritania - Ouguiya
Mauritius - Mauritian rupee
Mexico - Mexican peso
Moldova - Leu
Monaco - Euro
Mongolia - TugrikMontenegroEuro
Morocco - Dirham
Mozambique - Metical
Myanmar - Kyat
Namibia - Namibian dollar
Nauru - Australian dollar
Nepal - Nepalese rupee
Netherlands - Euro (formerly guilder)
New Zealand - New Zealand dollar
Nicaragua - Gold cordoba
Niger - CFA Franc
Nigeria - Naira
Norway - Norwegian krone
Oman - Omani rial
Pakistan - Pakistan rupee
Palau - U.S. dollar used
Palestinian State (proposed) - New Israeli shekels, Jordanian dinars, U.S. dollars
Panama - balboa; U.S. dollar
Papua New Guinea - Kina
Paraguay - Guaraní
Peru - Nuevo sol (1991)
Philippines - Peso
Poland - Zloty
Portugal - Euro (formerly escudo)
Qatar - Qatari riyal
Romania - Leu
Russia - Ruble
Rwanda - Rwanda franc
St. Kitts and Nevis - East Caribbean dollar
St. Lucia - East Caribbean dollar
St. Vincent and the Grenadines - East Caribbean dollar
Samoa - Tala
San MarinoEuro
São Tomé and Príncipe - Dobra
Saudi Arabia - Riyal
Senegal - CFA FrancSerbiaYugoslav new dinar. In Kosovo both the euro and the Yugoslav dinar are legal
Seychelles - Seychelles rupee
Sierra Leone - Leone
Singapore - Singapore dollar
Slovakia - Koruna
Slovenia - Slovenian tolar; euro
Solomon Islands - Solomon Islands dollar
Somalia - Somali shilling
South Africa - Rand
Spain - Euro (formerly peseta)
Sri Lanka - Sri Lanka rupee
Sudan - Dinar
Suriname - Surinamese dollar
Swaziland - Lilangeni
Sweden - Krona
Switzerland - Swiss franc
Syria - Syrian pound
Taiwan - Taiwan dollar
Tajikistan - somoni
Tanzania - Tanzanian shilling
Thailand - baht
Togo - CFA Franc
Tonga - Pa'anga
Trinidad and Tobago - Trinidad and Tobago dollar
Tunisia - Tunisian dinar
Turkey - Turkish lira (YTL)
Turkmenistan - Manat
Tuvalu - Australian dollar
Uganda - Ugandan new shilling
Ukraine - Hryvna
United Arab Emirates - U.A.E. dirham
United Kingdom - Pound sterling (£)
United States - dollar
Uruguay - Uruguay peso
Uzbekistan - Uzbekistani sum
Vanuatu - Vatu
Vatican City - Euro
Venezuela - Bolivar
Vietnam - Dong
Western Sahara (proposed state) - Tala
Yemen - Rial
Zambia - Kwacha
Zimbabwe - Zimbabwean dollar

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Technical Analysis: Price Gap

A gap is an area on a price chart in which there were no trades. It is easy to see gaps if you take candle stick charts. Let us try to understand gaps in another way. The fluctuations in stock prices are coherent in nature. That means that the price rises or falls gradually.  Thus, in rising scrip, if on one day the low was Rs 100 and the high was Rs 135, on the next day the low would be Rs 130 and the high Rs 140. Here, the low for the next day falls within the high-low range of the previous day. But suppose for the second day, the low was Rs 145 and the high Rs 150. Then, the low for the next day has fallen above the previous day High-Low range, or it was higher than the previous day’s high. So, when one draws bar charts showing High-Lows every day, there would be a discontinuity, termed as a ‘Gap’ in technical theory. An interesting feature of Price gaps is that it gets filled within a short amount of time. That is, the price would come back to fill the price gap of Rs 140 – Rs145, where there was no trade in the previous days.
In simple terms-a gap occurs when the current bar opens above the high or below the low of the previous bar. On a price chart, a space appears between the bars indicating the gap.




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Debt Funds

Debt funds are mutual funds that invest in fixed income securities like bonds and treasury bills. Gilt fund, monthly income plans, short term plans, liquid funds, and fixed maturity plans are some of the investment options in debt funds. Apart from these categories, debt funds include various funds investing in short term, medium term and long term bonds.
Debt funds are preferred by individuals who are not willing to invest in a highly volatile equity market. A debt fund provides a steady but low income relative to equity. It is comparatively less volatile.

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FMPs

FIXED MATURITY PLANS (FMPs) are similar to bank fixed deposit in that they offer a fixed return for a specific tenure. The difference is that they are mutual fund schemes. These closed-ended debt schemes are structured in such a way that the duration of the debt papers that form part of the scheme’s portfolio are aligned with the tenure of the overall scheme. The drawback, or rather a constraint, is liquidity as an investor cannot withdraw funds before the due date. The biggest attraction of FMPs was the tax arbitrage they enjoyed over bank deposits. 

For Example – If an individual invested in a 13 month bank deposit offering a rate of 9% pa, he would earn Rs. 9,750 over a period of 13 months and the effective post tax return (assuming the individual falls in the 30% tax bracket) would be Rs. 6,825. If the same amount was invested in an FMP of the same rate (9% pa), his earning would have Rs. 9,750, same as a bank FD but the effective post tax return would have been Rs. 9,632. Thus, as you can seen, in the case of an FD, the tax payable would be Rs. 2,925 and for an FMP it was merely Rs. 118, offering investors a clear saving of Rs. 2,807 in terms of tax outgo.

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Share Market Timings

Trading on the Indian equities segment takes place on all weekdays. There is No trading on Saturday, Sunday and Published Indian Stock Market Holidays declared by the Indian Stock Exchange in advance.

• The Market Opens at: 09:15 hours and Closes at: 15:30 hours
• Pre open trade session will be from 09:00 ~ 09:15 hours

Pre-open trade session is a 15 minute trade session from 9:00AM to 9:15AM on the 50 stocks of NIFTY index .
Only 50 stocks of the NIFTY index can be traded during this time on both NSE and BSE. Normal trading for all other stocks will start at 9:15AM till 3:30PM.

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Wonderful Facts

• Rabindranath Tagore is only person in the world who wrote national anthem for two different countries one is India's National anthem (Jana Gana Mana)and another one is for Bangladesh- (Amar Sonar Bangla)
• Shakespeare invented the words 'assassination' and 'bump'.
• The first ever alarm clock could only ring at 4 AM!
• To have your picture taken by the very first camera, you would've had to sit still for 8 hours!
• The first computer mouse was invented by Doug Engelbart in around 1964, and it was made of wood!
• "The value of pi (The Mathematical Term) was first calculated by Budhayana, and he explained the concept of what is now k! nown as the Pythagorean Theorem. British scholars have officially published in 1999 that Budhayan's works dates to the 6 th Century which is long before the European mathematicians."
• "Dreamt" is the only English word that ends in the letters "mt"
• "Charlie Chaplin once won third prize in a Charlie Chaplin look-alike contest."
• "Four" is the only number whose number of letters in the name equals the number.
• 'TIPS' is a short from of 'To Insure Prompt Service'. In olden days to get Prompt service from servants, travelers used to drop coins in a Box on which was written 'To Insure Prompt Service'.
• What do bullet proof vests, fire escapes, windshield wipers and laser printers all have in common? Ans. - All invented by women.

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Why Invest in Stock Market?

Stock markets is the only place where you can start creating wealth with a little money. All it requires is a bit of discipline, average intelligence and good temperament. Any other form of investments like real estate, gold are not strictly regulated like stocks and they may also require substantial capital investment. Although in reality people have made more money by investing in assets like real estate and the stock market still remains infamous for destroying common man’s wealth. People with bad temperament and emotional attachment generally fail in stock markets.
The reason for this is that, profitable investing in stock requires proper financial knowledge and a cool mental attitude.So choosing right Stocks is most important. There will be many choices available & it is not an easy task to select few out of them. Depending on the type and nature of investment you choose, there are varying degrees of risk associated with it. And risk is part and parcel of all type of investments and success of any investment you’ve made depends on how well you have managed the risk part of it.

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