Tuesday, 28 June 2011

A Late Epilogue to an Earlier Post on Greenbergs and Zuckerbergs

Last month, while reacting to a New York Times article, I wrote about the Greenbergs and Zuckerbers dropping out of college and following each other to entrepreneurship.

As I saw it, the story had two morals, not entirely unrelated. One was the corrput culture at Stanford – and, by extension, U.S. universities – which belittled education and encouraged students to drop out in pursuit of the money.

The other was the long-term effect of this phenomenon. I said imagine the kind of citizens the illiterate rich brats would make and the kind of society they would help build using their wealth.

Meanwhile, I had an exchange with a reader who questioned – or rather, wanted more elaboration on – my comments that finance capital shapes people’s conduct.

Here is the follow up to the story from this weekend’s Financial Times, under the heading Rising college drop-outs hope to learn a lesson from Zuckerberg and Gates:
Professors at MIT, Stanford and UC Berkeley, three universities with a strong tradition in as IT powerhouses, confirm an uptick in entrepreneurial dropouts as students seek to emulate the example of famously successful non-graduates such as Bill Gates at Microsoft, Steve Jobs at Apple and Mark Zuckerberg at Facebook.

About a dozen college dropouts interviewed by the Financial Times said that they knew others who had made a similar choice. All confirmed investor willingness to fund them. “They want to see you believe your story enough to risk everything for it,” said Julia Hu, who left MIT when she got funding to build her sleeping device company. “They don’t like to fund non-committed entrepreneurs.”
You want money? Then prove that you’re committed by dropping out of the school. That is the logical demand from an entity such as finance capital that at all times strives to protect itself. It even turns dropping out into a badge of honor, just like the way serving jail time is made into a badge of honor in the ghettos.
“The environment encourages students to leave,” said Andre Marquis, UC Berkeley’s director of the entrepreneurship center, who had three students drop out of his program last semester. “In Silicon Valley, it’s almost a badge of honour to have left school for your start-up,” Ms Hu said.
Then, in the the very same issue of the FT, on page 2, was this report:
Peter Thiel, a prominent Silicon Valley investor, said the emphasis in US society on having a college degree has created “a bubble in education,” in which the professional value doesn’t match the $200,000 price tag. He is countering that by giving $100,000 each to 24 people under 20, to pursue an entrepreneurial idea in Silicon Valley instead of going to college.”

“We need more innovation,” he said. “There’s a tremendous cost to have the most talented people in society take on enormous debt, then take well-paying but deal-end jobs to service those loans for the next 15 to 20 years of their lives.”
Look beyond Peter Thiel spreading $2,400,000 amongst 24 people in the expectation that one of them would strike gold; that is the standard venture capital model. Ignore his lie that he recruits “the most talented people in society” only to have them develop Facebook applications like Hug Me, Kiss Me and Pillow Fight.

The central point here is this: when a 4-year education costs $200,000, which you have to borrow and after which you’d have no guarantee or even a good prospect of landing a good job, then the appearance of Peter Thiels is natural, necessary and inevitable.

Martin Luther King often said that he knew people's [racist] behavior could not be legislated. But he pushed for anti-discriminatory laws because he wanted to control the conduct. Finance capital bridges that chasm. It shapes the law and the conduct in ways that those unaware of its dynamics could hardly notice or imagine.

Natural Language from Daniel Radcliffe of Harry Potter: Music

Harry Potter: Music
                                                                               Daniel Radcliffe          

Question: You're a major (major =big) music fan, aren't you?

Daniel Radclilffe: Huge.

Question:  Do you get to go to gigs?  (get to = able to, gigs = musical performances)

Dan: Not as much as I'd like to, but I'm seeing the Chilli Peppers (American music band) in Hyde Park. I'm going to that, very excited, because The Pixies (American music band) are supporting.

Question: So when did you come across The Pixies?

Dan: Um... I'm really ‘into’ films, obviously, as well, and I got Total Film (British Film magazine) and there was a compilation of soundtracks, and "Where is my mind?" was on there, because it's the soundtrack to Fight Club (1999 American film with Bradd Pitt and Edward Norton), and so I went out and bought Death to The Pixies: The Greatest Hits.


Speaking Style
Daniel or Dan’s speaking pattern is casual/informal for many reasons but I would like to focus on two expressions.  He uses the word Huge in his first answer and uses the word into in a slang style.    

Question: You're a major (major =big) music fan, aren't you?

Dan:  Huge

When he uses the word ‘huge’, the meaning is ‘really really big music fan’.  Also he shortens his sentence for a faster talking style. 

Longer speaking style:  “I am a 'huge' music fan.”

The shorter speaking style is used here because to a native English speaker we know there are more questions coming.  A detailed answer isn’t necessary.  Why? Because the interviewer uses a tag question: …, aren’t you?.
Now when we learn grammar this answer is not usually the best. 

Question: You're a major music fan, aren't you?
Answer:   Yes, I am/No, I am not.

This is a common drill type question used in language classes to emphasize the grammar point.  It is a bit robotic if constantly used in conversation.   

In a conversation tag questions are used like an exercise warm up or to get to know someone when talking to them for the first time. 

However, even with such a short, simple question, Dan signals he wants to continue talking about music.  The answer ‘Huge’ doesn’t follow the yes/no grammar pattern.  Instead he answers emphasizing his excitement about music.  It doesn‘t sound disjointed to a native speaker because ‘Huge’ refers to the ‘major music fan’ idea of the interviewer’s question.  Dan’s natural answer helps link the ideas.   His enthusiasm/emphasis allows me to know that this is a good topic for him.  This speaking strategy is great for creating continued conversation.

The use of ‘into’ is a casual slang style.

Dan: I'm really ‘into’ films.  (to be into something/someone=to like
                                              or love something/someone)
  
 Ex. Same sentence idea - Dan: I really like/love films.

 'Into' is such a common word in English but the indirect meaning sometimes tricks us.  

You can get some more ideas about how to use 'huge' and 'into' in the next part.

Try out in your daily conversation!

1.Question: You’re a major fan of rock n roll, aren’t you?
   Answer:  Huge

2.Question: Are you a huge fan of jazz?
   Answer: Absolutely, I am really  into jazz fusion. 

3. Question: Are you a major fan of baseball?
     Answer:  Huge! I have been into it since my dad took me to my 
                   first game when I was 6 years old.
  

More Stuff!
Click on the links below for Dan Radcliffe’s music, reading, and film interests mentioned in today's conversation points:

The Chilli Peppers (The Red Hot Chilli Peppers-RHCP) music

The Pixies music

Total Film magazine

Fight Club movie
LINK      http://www.imdb.com/title/tt0137523/



Harry Potter and the Deathly Hallows Trailer Official HD 

 

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Celebrity English Language and Culture

 



Friday, 24 June 2011

Get A Home Loan


Every people wants to have their own home. If you are living in rent then you must have a dream in your eyes to buy a home where you can live with happiness. If you would like to go for home-buying process then keep in your mind that securing a home loan is the most important step.



There are some instructions which you should follow for securing a home loan :



If you want a home loan then firstly you should find a lender. You can take details or referrals from your co-workers, friends and family. If possible then speak with local real estate agents. Internet is the major source of information, so you can take as much as details from Internet.



Its very important to get an estimate of closing costs from the lender you choose. According to the law, the lender is required to give all this statement to you within three days of receiving the loan application. You should also ask from lender about type of loan program, terms, rates and any special information which is involve in your loan program.



Now, you should compare fees, costs and other terms of loans with other lender.



Now you can come in negotiation part. You should negotiate the amount of fees or loan points the lender charges you. Keep in your mind that a point is equal to 1 percent of the loan amount.



Documentation is very important part so provide required documentation. You should review loan papers before closing it. There should be no difference between your loan and original quote were given. Now its time to sign your loan papers and deposit down payments into your account.



The above mentioned points are the basic things which will help you to secure a home loan. So, keep in your mind these points which will help you a lot for secure a home loan. Good luck:)



  

Wednesday, 22 June 2011

Justin Bieber: Japanese crisis

Justin Bieber in Japan
                                                                       Justin Bieber
These days, natural disasters affect the global community.  It seems a ‘universal culture’ is becoming more of a reality.  In the past 10 years, I have had many friends and family affected by natural disasters. 

When I started learning foreign languages, I was often unsure of what to say in times of difficulty or crisis.  The other day, I was happy to see Justin Bieber expressing his feelings toward Japan.

He uses a common expression to show concern:

“My prayers go out to them (the Japanese people).”  
                                           Justin Bieber on Twitter

There can be two ideas about the expression:
1.In a religious sense, it means to ask a ‘higher power’ (God) to help the Japanese people.
2.In another sense, it means to hope/wish for something to happen to help the Japanese people. 

However, either ideas show the speaker’s feeling toward a positive outcome to a bad situation. 

The word 'prayer' is the common denominator in expressions of natural English during ‘times of hardship’.

Other Celebrity quotes for the Japanese people using the word  'prayer'.


*"I am sending all my love, prayers and support."*
                                                               Selena Gomez on Twitter

*"My prayers go out to anyone that is being effected by the disaster in Japan.”*
            Katy Perry on Twitter

*"I'm sending my thoughts and prayers and love to those in Japan who are hurting."*
                         Taylor Swift on Twitter

*"Our hearts and prayers are with all of our BSB family in Japan. We love you all so much.  Please try to stay safe. ... Kisses and hugs from us!"*
              Backstreet Boys on Twitter



For current information on Japan's nuclear crisis and ways you can help ~ click on the link below:

Japanese Red Cross
LINK http://www.jrc.or.jp/english/index.html


Justin in Japan trying to help out.




My thoughts and prayers are always with the people of Japan. I am sorry for the hardships your country in enduring. I will continue to follow this terrible situation.  Take care!
                                                Love,                                                         
          Alex

Saturday, 18 June 2011

Settle Credit Card Debt





If you are in debt then it would be very much difficult to you come out from this situation. But you have to do some work for become debt free. In this article you will get some points by which you can make you debt free.
You can choose the option of credit card debt settlement. In credit card debt settlement, you need to contact creditor or collection agency and negotiate them for settlement of your credit card debt. In this case, creditor or collection agency will accept less than full payment on the debt. For example, if you owe $2000, you might convince the creditor to accept $1000 as payment in full. In credit card debt settlement, you need to give time and patience. If you can do your credit card debt settlement then you can save you thousands of dollars which you can't afford.



These are the following steps by which you can settle your credit card debt :


If you are making payments for your credit card then you should stop it immediately. Because if you are paying credit card debt then companies have no reason to settle with someone who continues timely payments. If credit card company will confirm that you can't pay their amount in full then they will settle your debt as this is the way, where they can get their amount.

Ignore all the threats from your collection agency about to sue on you. The fact is that most agencies won't go to the effort and expense of actually filing a lawsuit.

When you are going to offer for debt settlement then don't offer such kind of amount which you can't afford. Therefore, your opening amount offer should be no more than 1/4th of the debt.

You can also expect that your first offer will be refused.

You can also use the threat of bankruptcy to keep the company talking and say to them that in bankruptcy company may get nothing.

Be patient and take your time. There is no reason to rush into a bankruptcy. If you wait then your debt become older day by day and it would be harder to collect.









Tuesday, 14 June 2011

Natural Language from Sharon Stone: Cosmetics

Sharon Stone: Cosmetics
                                                                                                        Sharon Stone


Question:         What are your Dior favorites?

Sharon Stone:  Dior makes the best lip-glosses going.  I'm nuts 
                          about them, especially the clear one with the silver 
                          sparkles.

Sharon’s English sounds natural and casual for two reasons: 

1. Her use of ’going’ (Although the use of ‘going” at the end of a sentence is not common in a textbook, it is perfectly natural).  It is easier to understand the idea of ‘going’ if the sentence is lengthened. 

For example,
Dior makes the best lip-glosses going in the market.  (going = selling)

‘Going’ has the idea of ‘selling’ in this case.  Sharon has shortened her sentence because the idea is clear to a native speaker.  Also, in a more formal English situation, I wouldn’t use ‘going’.  Instead I would use the direct word ‘selling’.


2.Another reason Sharon’s language feels casual/informal is because she uses the common expression ‘nuts about’ (to be nuts about something/someone = to really like or love something/someone).  This casual expression using a simple food name has been around a long time in the English language.  It probably sounds a bit weird but it’s a very common expression for all ages of North Americans.  Try not to think to deeply about the image/idea or you will go nuts (to go nuts = to go crazy = to become crazy). 

 Here is Sharon’s language pattern for your next expanded conversation style:

Speaking Pattern

________ makes the best ___________ going. 

I’m nuts about them, especially the ______________.


Here are some examples to get you started:

1.Maybelline makes the best concealers going.  I’m nuts about them, especially the one with 2-in-1 concealer and highlighter.

2.Olay makes the best anti-aging products going.  I’m nuts about them, especially the one for night time recovery.

3.M.A.C. makes the best lipsticks going.  I’m nuts about them, especially the one for Surfers.

MORE STUFF until next week!
Celebrity English Language and Culture
Links to Sharon Stone's favorite cosmetics 'Dior' and other popular cosmetic companies:






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Monday, 13 June 2011

Bob Hairstyles

Trendy Bob Hairstyles 2011
Bob hairstyle is the most fashionable style with hairs falling down between ears and the chin.

Trendy Bob Hairstyles 2011
 The style was invented in Paris in 1909 by a famous hair dresser Antonine but was made widely popular in 1920s as a sign of women's liberty. The style has regained popularity and has discovered many versions of the original bob cut.
Trendy Bob Hairstyles 2011
Among all the latest trends in hairstyles bob cut has made a benchmark in the fashion industry. These hairstyles fit just about any face, color and lifestyles, giving a completely new look to the wearer. Traditional, short bob hairstyles comprise of short, sleek and severe cut with hair being cut uniformly. It goes well with any age group, hair type, hair length and facial structure.
Trendy Bob Hairstyles 2011
The most popular bob hairstyles, running the trend of bobs, are inverted bob and angled bob. Inverted bob hairstyles are the most stylish and elegant. It is cut in a manner that hairs are stacked in the back adding volume and texture in the crown. Angled bob hairstyles add drama, flair and class to the personality of the wearer. Hair is evenly cut at a slight angle with hairs slightly longer at the front. It is a versatile cut that is easy to wear and maintain.
Trendy Bob Hairstyles 2011
Another popular bob style is the chin length bob in which hairs are falling down the chin from both the sides. This style highlights the chin length and looks great on all. Today with various variations, the brand new bob has also come up. This particular hairstyle is designed by cutting the hairs in a rounded perimeter with hairs falling to the shoulders. Bob cuts also look graceful and classy with bangs, side parting, curls, waves and layers. Among all the new, modern and classy hairstyles inverted bob is the hottest, sophisticated and eye-catching hairstyle.
Trendy Bob Hairstyles 2011
Here are some important suggestions for bob hairstyles that should be considered for longer lasting and better looking hairdos.

o If the hair is thin add layers to the cut. Layered locks produce a better effect and add volume to the hair cut.

o For square shape faces try brand new bob. Hairs falling on both the sides frame the face and enhance the facial features.
Trendy Bob Hairstyles 2011
o Curls and crimp will produce a different effect, so try out a change in hairstyle.

o Go for hair color and highlights if the current hairstyle seems to be boring.

o Angled bob adds volume at the front and inverted bob adds volume in the crown, so consider the face structure before going for any of these bobs.

o Shampoo and conditioner the hairs well to retain moisture and beauty of the hair.  Jennie Amit Gandhi 
Trendy Bob Hairstyles 2011

Sunday, 12 June 2011

Europeans Not Being Europeans: Now It Is Official

Last year, reading between the lines, I wrote that Europeans will be Europeans no more.

This past Tuesday, the European Commission agreed. Its “reform recommendations” for the 27-member union said pretty much the same thing. The Financial Times succintly capture the spirit of the report under the heading “EU sees vision of new Europe which is rather less European” :
The Europe recommended by the European Commission, the European Union’s executive branch … would look very different to the Europe of only a few years ago.

Pension system would see their retirement ages raised. Long-protected industries would be deregulated. Guaranteed wage increases negotiated long and hard by trade unions would be renegotiated.

In other words, the European economic model or models would look far less European.
I have said many times that just about any thing that is coming your way is reported in your local paper. All you need is to pay attention, which includes reading between the lines.

When a Nobel Prize Isn’t Enough

Last October I wrote about the three stooges who were given the Nobel Prize in economics for their “work” on labor and employment.

I did not mention it then, but one of those stooges was an MIT professor by the name of Peter Diamond. Before he became a Nobel laureate, President Obama had nominated him for a seat on the board of governors of the Federal Reserve. But his nomination got bogged down in the senate; for whatever reason, the Republicans, led by Shelby of Alabama, opposed him. This past Sunday, the professor wrote an Op-Ed piece in the New York Times to announce that he was withdrawing; he’d had it with Beltway politics. The title was When a Noble Prize Isn’t Enough. Take that, Southern hicks.

But I say we owe Shelby one. If nothing else, he provoked Diamond to write the Times piece. It is a document that can teach us a lot.

In Peter Diamond, you see, we have a man who has spent his entire adult life studying labor and employment; I traced one of his papers to 1966. He is a full time professor of economics at MIT, one of the premier institutions of higher learning in the West. And he received a Nobel Prize in recognition of his work and discoveries.

Wouldn’t you be curious to know what this man has learned/discovered in a half century of scholarly work? I would be, for sure. But there is more than one man’s knowledge involved here. According to the Financial Times which blasted Republications for torpedoing his nomination, “Mr Diamond is widely regarded as among the most brilliant economists of his time.”

And according to Paul Krugman, the New York Times columnist who called the Republicans stupid, Diamond “wrote the seminal paper on the whole subject” – the whole subject being the “hot topic” of “whether the apparent shift in the Beveridge curve signals a rise in structural unemployment.”

These are the Establishment voices. Their approval of, and admiration for, Peter Diamond is what got him nominated to the Federal Reserve Board in the first place. He is, in other words, “one of them”. So in learning about his ideas, we would learn about the mainstream views on joblessness in America – “mainstream” being precisely what is espoused by outlets such as the Financial Times and the New York Times which is now also the official view because they have a friend at the White House.

Let us go then, you and I, and see what this brilliant economist of our time has to offer by way of solution to the economic ills that have befallen his country:

“In reality, we need more spending on some programs and less spending on others, and we need more good regulations and fewer bad ones,” he wrote in the Times.

All articles in the opinion pages of the New York Times are edited by the professional editors, which is another way of saying that the thoughts in them are presented in the best possible light. So when you read drivel, it is not the writing but the thought.

Who would write “we need more good regulations and fewer bad regulations” or “we need more spending on some programs and less spending on others”?

Why, any 12-year old who had to meet the 500-word minimum requirement in his composition assignment knows the answer: someone who had nothing to say.

But how could a seventy-something Nobel laureate with a lifetime of research not have enough material of substance to fill a newspaper column?

The answer is that his lifelong research is junk, as exemplified by his “seminal paper on Beveridge curve”.

Formally, i.e., in terms of form (which is always mathematical), a Beveridge curve can sustain a university career. It lends itself to being studied in depth for its shape, equation, slope, upward and downward shift, rotation, tangents – you name it. Imagine the papers you could publish, seminars you could attend and prizes you could win.

But conceptually, there is nothing there; where the content ought to be, there is a vacuum. Look at what it is about the labor market that the man has been trying to understand:
“Understanding the labor market – and the process by which workers and jobs come together and separate – is critical to devising an effective monetary policy.”
The process by which workers and jobs come together. I mentioned in the Stooges post that these labor economists of our time think of employment as a dating game where jobs and workers “come together” and then this one – say, the worker – dumps the other for a better, higher paying relation. Or that one – the job – dumps the worker in favor of a cheaper worker in China. Just like couples do in real life.

How does one think such nonsense, you ask? How could a logical adult mind take the goings on in the dating scene and apply them to the labor market? Are these people fools?

Knaves?

While they might be either or both, the immediate cause of this nonsense is desperation rooted in the breakdown of one’s knowledge base; Greenspan called it the "the collapse of the whole intellectual edifice". When the theory you have spent your lifetime building and studying fails to explain the events taking place around you, you must either go back on what you have done and implicitly admit that you have wasted you life – or resort to drivel.

The latter is an easier option, especially if the people around you take the drivel as the sign of your brilliance and bestow prizes on you.

Observe:
“If much of the unemployment is related to business cycles – caused by a lack of adequate demand – the Fed can act to reduce it without touching off inflation. If instead the unemployment is primarily structural – caused by mismatch between the skills that companies need and the skills that workers have – aggressive Fed action to reduce it could be misguided”.
Our Nobel laureate thinks that there are two causes for unemployment. One is “business cycles”; the other, “structural”.

By business cycles, he means booms and busts; the fat years followed by the lean years. He thinks that they are caused by “inadequate demand”, which is correct in the same way that all the world’s problems could be said to be due to “human folly” and all plane crashes due to the gravity.

Why has housing collapsed in much of the West?

No adequate demand.

Why is the spread on the Greek sovereign debt rising?

No adequate demand.

Why are the sand dunes in the Sahara not expensive – in fact, worthless?

No adequate demand.

Why is the world annual passenger car production 60 million and not 60 billion?

Why, no adequate demand. If all the fishes drove cars, there would be no unemployed auto or steel workers. The tire companies around Akron would go on hiring binge.

This is the stuff Diamond teaches at MIT.

Why does demand drop – why does demand drop across all sectors at the same time, which is what recessions are all about and as a result of which the joblessness in the nation as a whole rises – does not interest him.

In the past several decades, though, something strange began to happen in the U.S. Corporations produced record profits. Demand across all the sectors seemed to be strong. Stock market boomed. And unemployment went up. A new expression entered the lexicon: jobless recovery. Commenting on it, I wrote here:
In the phrase “jobless recovery”, the news pertaining to the people is grim; there are no jobs to be had. Yet it contains “recovery”. So, what is it that is being recovered? The answer is: the agreeable rate of return of capital. The “data” measures the pulse and performance of capital, which the university professors study and comment about without ever understanding the larger issue surrounding it.
What was an unemployment expert to do? How could one explain that?

Enter the “structural” explanation, which Diamond defines as the “mismatch between the skills that companies need and the skills that workers have.” Any matchmaker would shake her head in agreement.

Where did the idea come from?

Here is the businessman of our time and a human lodestar to the American economists, opining in the Wall Street Journal last year:
If there is one great policy failure of this recession, it’s that we have not used the crisis to introduce structural reforms. For example, we have a gross mismatch of available skills and demonstrable needs. Businesses struggle to find the skills and talents that are needed to compete in this new world. Millions drawing the dole to sit around should be in training for the jobs of the future that require higher educational skills.
That is the foundation of Prof. Diamond’s “structuralism”.

He does not ask himself, Peter, you horse’s behind, how exactly does the word structural explain persistent joblessness? The word is an adjective. Its dictionary definition is “of, or relating to, structure”. What structure are you talking about when you say that the unemployment is structural? Are you talking about the structure of workers’ brain? The structure of the U.S. economy? If so, what does that mean?

A mind is a terrible thing to waste.

But no matter. Wasted minds have their uses. They make good stooges, a stooge being “a subordinate participant in a comic act”. They must only be presented as profound thinkers.

Peter Diamond would make a Fed governor.

Friday, 10 June 2011

Live Debt Free







Its impossible for a person to live without a credit card. Credit card have become an important part of human being in their daily life and due to misuse of this credit card most of the people trap in credit card debt. If you are in debt then here are some points by which you get relief from your credit card debt.


You have to be serious about your debt and you should think about the ideas by which you can be a debt free person. It might be possible that you think that there are no hope to come out from your debt. But everything is possible, you need to make a strategy to be a debt free person.



You should organize all your debts from smaller to largest. Keep in your mind that your all debts, no matter how large or small. You should pay the minimum amounts on all your debts, excluding the smallest one. Any extra month left over at the end of the month should be added to the smallest amount until it is fully paid. When you will pay the smallest amount then you should go for second smallest amount. Keep this process continue until you are in debt free.


You are in debt because of your credit cards so you should cut up your credit cards. You do not need to use them. Once you are in debt free then you should use your credit card with proper strategy so you can handle your credit card bills. You should make a budget and stick to it.   

Debt is not good at all and no one won't to trap in debt. So, you should use your credit card in correct way and keep your debt free. 



Saturday, 4 June 2011

Forex to Riches?





















The rise of Forex (or FX ) systems mean that anyone with a home computer and Internet access can jump into the world of foreign currency exchange.
Forex or FX is the abbreviation for Foreign Exchange Market, the world`s largest market working 24/7 and trading approximately $ 3.9 trillion per day.




Forex systems have allowed regular blue collar workers to trade alongside world mega banks such as JP Morgan and Barclays. These systems were developed by traders and software technicians to allow the exchange of currencies from the comfort of your own home.



The way in which FX systems work is to use your chosen currency to purchase a foreign currency and then sell it on at a profit by studying world markets. Currencies are always traded against each other in pairs such as USD/GDP or EUR/USD. The results are shown in different time frame (selected by the user) candle stick charts.



FX systems use pips to trade. Pips are the smallest percentage at which a currency fluctuates; the more popular the currency exchanged the smaller the pip. USD/EUR could move as 0.0001 % meaning the pip is 1/100 of a cent. These are something to study before jumping into forex trading.



Trading on the Forex market is not without risk but genuine rewards are achievable. Some FX systems are free or offer free trials and are becoming more user friendly with beginner strategies, this coupled with good research could see you making money in no time!