HISTORY OF SAUDI RIYAL-----ر.س

SAUDI RIYALS HISTORY:-

INTRODUCTION TO SAUDI RIYAL:-

Riyal is the only given to those currencies of various countries lying in the Arabian region consisting of following countries like Iran, Saudi Arabia, Oman, Qatar and Yemen. among all riyal one of the most important and most traded riyal currencies of the countries mentioned below is the Saudi riyal that is the national currency of Kingdom of Saudi Arabia.

Saudi riyal is usually denoted by the sign SR in English. The ISO 4217 currency code for the currency is SAR and given the numeric code of 682. The subunit of Saudi riyal is "hallalah".

The saudi riyal is the official currency of saudia arabia.It is abbreviated as or SR(saudi riyal).It is further divided into 100 halala

The riyal was the official currency of Saudi Arabia from the time when the country came in to creation and this was the currency of Hejaz before being official currency of saudia arabia. The Hejaz riyal was equivalent to the Ottoman 20 kuruş coin and was consequently divided into 20 ghirsh.

APPEARENCE OF SAUDI RIYAL:-

*** 1 Saudi riyal note is Dark brown and orange in colour.

*** 5 riyal note is Dark purple,some part blue and brown in colour.

*** 10 riyal note is Dark Grey, brown and partially purple in colour.

*** 20 riyal note is Grey, brown, blue and with some red colour.


*** 50 riyal note is Green, gray and blue in colour.

*** 100 riyal note is Green, purple and blue in colour.

*** 200 riyal note is Green, red, gray and brown in colour.

*** 500 riyal note is Blue, green and grey in colour.

HISTORY OF CANADIAN DOLLAR-----$

THE GREAT CANADIAN DOLLAR:-

The Great Canadian dollar -----$----- is the currency of Canada. It is usually abbreviated with the Dollar $ symbol usually C$ to differentiate it from other dollar currencies used in other countries.It is divided into 100 cents(100 parts). In the year of 2007, The Canadian Dollar was on the 7th number in the list of most traded currency in the world.It is one of the most stable currency of the world

Currencies used in Canada:-

1).Newfoundland dollar used from 1865 till 1895 in Canada.
2).The Nova Scotian dollar used from 1860 till 1871 in Canada.
3).Prince Edward Island dollar used from 1871 till 1873 in Canada.
4).British Columbia dollar used from 1861 till 1871 in Canada.
5).New Brunswick dollar used from 1860 till 1870 in Canada.
6).Canadian pound used from 1841 till 1858 in Canada.
7).Canadian dollar used from 1858 till present in Canada.


MANY COUNTRIES AND MANY BANKS KEEP CANADIAN DOLLAR $ AS RESERVE CURRENCY.CANADIAN DOLLAR IS CONSIDERED TO BE THE BENCH MARK CURRENCY.


CANADIAN DOLLAR VS AMERICAN DOLLAR:-
1 Canadian dollar = 0.947059 U.S. dollars

HISTORY OF JAPENESE "YEN" ---¥

HISTORY OF YEN:-

SYMBOL:-¥

"YEN"(¥) is the currency used in Japan.After United States dollar and the euro it is the third most-traded currency in the foreign exchange market for trading.

The Japanese YEN is also widely used as a reserve currency after the U.S. dollar the great Europe and the British pound sterling.
In east asia large no of Yen are counted in multiples of 10,000(man, 万) in the same way as values in Western countries or European countries are often quoted in thousands or other.The word en that is used in yen means "round object" .

The Japanese yen was officially adopted by the government of Meiji in an Act been signed on May 10, 1871.The japanese YEN in the, form of a silver coin similar to the contemporary Mexican Peso,was introduced beginning from the month July of 1871.

In the year of 1949 the Yen was equivalent to 1 United States Dollar and this stayed in effect until 1971. Japanese coins come in 1, 5, 10, 50,100 and 500 Yen.

All of the bills and coins in japan are different sizes. For example the bills decrease in size from 10,000 Yen to 1,000 Yen. Each bill has also been raised bumps in the bottom, left corner if we look at the bill from the front

Some common and well known currency symbols and Abbreviations used in "FOREIGN EXCHANGE MARKET"

ABBREVIATION USED:-


USD --- The United States Dollar--- $

EUR --- The currency introduced by European Union for only european countries "EURO".---€.Used only in European countries for trading and for other things.

GBP --- The Great British Pound.It used in british countries like england.£---

JPN --- The Japanese Yen.Used in JAPAN.---¥

CHF --- The Swiss Franc.It is used in switzerland.---CHF

AUD --- The Australian Dollar.It is used in australia.---$

CAD --- The Canadian Dollar.It is used in Canada.$



THESE SIGN AND SYMBOLS ARE THE MOST COMMON ONES THAT ARE USED IN FOREX EXCHANGING.THESE SIGNS AND SYMBOLS ARE GIVEN FOR FOR YOUR CONVENIENCE.OTHER THAN THIS MANY OTHER CURRENCIES ARE PRESENT BUT THESE CURRENCIES ARE THE MOST USED CURRENCIES IN FORIGN EXCHANGE.DUE TO THE DOWN FALL OF AMERICAN DOLLAR IN INTERNATIONAL MARKET MANY COUNTRIES ARE NOW KEEPING THEIR RESERVES IN GOLD OR JAPANES YEN INSTED OF DOLLAR>

What is foreign exchange?

What is foreign exchange?

In global economic market curreny is back bone,Every country have their own currency to trade with one another.a system of exchange rate between their currencies is needed; this system, is formally or comonly known as foreign exchange or currency exchange.and this system solve alot of problem and give a lot of benefit to merchnets.

forex exchange phenomenon

Forex mean currency exchange.(foreign,money,forex,Fx)

To help the international trade and investment

To get information about latest updates in accordance to forex market,don't forget to check this site.


The aim of the foreign exchange market is to support international trade,business and investment. A foreign exchange market (Forex) helps businesses to convert one form of currency into another. For example, it allows a U.S. business to import European products and pay Euros, even though the business's income source is in U.S. dollars.

If a man is living in pakistan,He want to buy some thing from united arab emirates(UAE) the source of income is in pakistani's ruppes,but he want to get the thing from emirates state.so he have to pay the currency for what he is buying in acoordance to the curreny of the state not the currency which is the source of income for it.so simply we can say that every country has its own currency and and we have to pay in,the offical currency of state.Now for this we have to convert one form of currency into another form of currency.which is called forex exchange.

forex exchange phenomenon

Forex mean currency exchange.(foreign,money,forex,Fx)

To help the international trade and investment

To get information about latest updates in accordance to forex market,don't forget to check this site.


The aim of the foreign exchange market is to support international trade,business and investment. A foreign exchange market (Forex) helps businesses to convert one form of currency into another. For example, it allows a U.S. business to import European products and pay Euros, even though the business's income source is in U.S. dollars.

If a man is living in pakistan,He want to buy some thing from united arab emirates(UAE) the source of income is in pakistani's ruppes,but he want to get the thing from emirates state.so he have to pay the currency for what he is buying in acoordance to the curreny of the state not the currency which is the source of income for it.so simply we can say that every country has its own currency and and we have to pay in,the offical currency of state.Now for this we have to convert one form of currency into another form of currency.which is called forex exchange.

Tips On How to Start Forex Trading

1)You can make money with Forex Trading if you are fully filled with the knowledge and skills which is essential for Forex trading.

2)You can make ur self monetize with Forex Trading if you are agreed to online currency trading since online currency trading is considered the future of Forex trading

3)Before you start in Forex trading, it is necessary for you to set up your account with a Forex broker. Choose from the best of the available Forex brokers online. Research on those who require fees which fit your budget and most especially those who are very experienced and skillful in Forex trading.

make money forex trading

As all know that only 5% of forex dealers are making money trading the forex market, we can't help but wonder if the average trader thinks it's really possible to make a living trading the forex market? My answer to that is absolutely, YES.And u can do,

Don't let the fact that only 5% of traders are making money. There is a reason for this. The reason is that the vast majority of the traders out there never take the time to properly learn how to trade. They would much prefer to just go from one shortcut to the next. http://www.bestforexspot.blogspot.com/

If you want to become one of those elite 5% who are making money, you are going to have to have a strong grasp of technical analysis, preferably price action. Price action is all about trading with the trend, being able to spot trading patterns, seeing the important support and resistance areas, and being able to predict the future price direction. In essence, you have a much deeper understanding of the market.
Legendary floor traders such as Jesse Livermore used the concept of price action to make millions of dollars in the stock market at the turn of the 20th century.

The real beauty of price action is its ability to force a trader to dig a little deeper and understand the underlying reasons why the markets move in the manner that they do.

If you are just following a bunch of indicators, I don't see how you can have any comprehension of what the market is doing. All you are doing is hoping that your indicators are right.

stock vs forex

When the company does well and makes a profit, the value of the stocks rise. Stock owners can sell their shares for a profit or hold on to the stock for even more gain in the future. Sometimes companies will issue dividends – part of the profits that are distributed to share holders.

Stocks are traded on stock exchanges. Most stocks are bought and sold through brokers who charge a commission or fee for this service. American stock exchanges include the New York Stock Exchange (NYSE) and the National Association of Securities Dealers Automated Quotation System (NASDAQ). Most stocks are only listed on one exchange, although large companies may have listings on several exchanges.

Stocks were traditionally seen as long term investments. So called ‘blue chip’ stocks – those having proven value over many years – may form the backbone of an investment portfolio. Short term trading is a relatively new phenomenon made possible with the advent of Internet trading. Day traders attempt to take advantage of large daily fluctuations in the market by buying and selling many times in one trading period. It is relatively risky and any profits realized are reduced by broker commissions charged on each transaction.

Stocks may sometimes be bought on margin, meaning that the investor borrows money to buy the stocks. Margin rates are usually around 50% – the investor can borrow as much as half the value of the stock.
FOREX

The Foreign Exchange Market (FOREX) is quite different from the stock exchange. In contrast to the stock exchange, the FOREX is primarily a short term market. Most traders enter and exit deals within a 24 hour period – sometimes within a few minutes. Many FOREX trades can be made in one day without building up a large brokerage fee because FOREX trades are commission free. Brokers earn money by setting a spread – the difference between asking and selling prices.

The FOREX is the largest financial market in the world. It is handles transactions worth $1.5 trillion every day. By comparison, all the American stock exchanges combined handle daily transactions worth about $100 billion. The huge volume of FOREX means that it is one of the most liquid markets in the world. There is always a buyer and seller for any type of currency because the world economy relies on the movement of goods from country to country. The stock market is less liquid because participants may choose to hold their investments or move on to other markets.

The FOREX is not located in any one location. Trading markets are located world-wide and because of difference in time-zones trades can be made 24 hours a day, 5 days a week. Trading begins in Sydney, Australia on Monday morning (Sunday afternoon New York time) and continues non-stop until Friday afternoon New York time.

Stock exchanges have more limited trading hours. While it is possible to trade on exchanges world-wide, each exchange is independent and operates for just 7 hours a day. There is no way to buy or sell a certain stock that is only traded on one stock exchange when that exchange is closed.

Other advantages of FOREX? It is more predictable than stocks. It follows well established trends; it allows high leverage – typically 100:1 instead of 2:1 on the stock market; and it doesn’t require a large investment – mini accounts as small as $250 can get you started in FOREX.

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Basics of Forex Trading (what is forex?)

Once you become familiar with how the forex market works,and how to work with forex, and you understand to a point what is involved in trading on the Foreign Exchange Market, you would want to start to gauge market trends in order to profit from your business ventures on the open market.

The name of the game is statistics, and the first rule is that you must be aware there is no such thing as a sure thing on the forex market. While you can never be 100% sure at any given time of the next move that will be made on the market as a whole, being able to read statistics and interpret them will place you ahead of the pack in regards to “guessing” what will happen next.

Forex trading is a lot like gambling. If you can keep track of the cards that have already been played, you are more informed, statistically, regarding what is likely to be dealt next, meaning you can place a bet with greater insight than someone who has no clue what has already been played. With the forex market, if you have information as to what has already occurred over the past few days, months, or even years, you are again placed in a better position to more logically conclude what will happen next. You simply learn the pattern and follow it to the end, reaping the financial rewards.

With a lot of traders gradually becoming aware of these forex bots, many of them have attested to the marketing advantage of these forex indicators. One of the trademarks of these forex autopilots is that it facilitates the monitoring of forex market even if a trader is inactive. This calls for an incessant 24/7 monitoring with forex signals coming in real time as a means of updating a trader of the next best thing to employ.

Self study is also a good way to learn Forex basic and advanced strategies. Again, if you have chosen an excellent Forex broker, you can get lots of reading materials and online resources from it. You can still do this yourself and search for good online articles that could teach you how to trade at the Forex market. Simply visit any article database site and browse for topics about Forex. Choose the ones that provide detailed instructions on how to trade currencies. This is also the best way to learn Forex trading for free.

The next best thing to do to learn forex is to look for different forex strategies. If you’re a kind of trader who wants to put a limit to his trade, then you better employ the stop loss strategy. Those who are open for supplementary funds and resources apart from the deposited amount can go for the leverage strategy. And, those traders who are only into buying currencies when the market is at its favorable state can go for the automatic entry strategy. All these and more should be a trader’s way of dealing in this kind of market. You can also learn forex from forex brokers. However, you have to ensure that you’re dealing with a legitimate one and be wiser enough to outwit swindlers.

As a final point, you can learn forex and be rich only if you know how to appositely handle and maintain your status in the forex market. As the rule implies, know when the best time to trade to create streams of income and the time not to trade to avoid profit losses. It is as simple as that.

Forex Trading review

There are three general terms used to describe the trading of the many currencies of the world. These terms are Foreign Exchange, (Forex or FX. The Forex market is the largest trading market in the world with over 3 trillion USD traded every day.

The Forex market doesn’t operate at a centralized location like other financial markets (i.e., the stock exchange). It is a global electronic network of banks, financial institutions and individual Forex traders, all involved in the buying and selling of national currencies. The main centres for Forex trading are Sydney, Tokyo, London, Frankfurt and New York.

The main feature of the Forex market is that it operates corresponding to the opening and closing of financial centers in countries all across the world. Trading times are 24 hours a day from Sunday evening (20:00 GMT) to Friday evening (22:00 GMT). At any time, in any location, there are buyers and sellers, making the Forex market the most liquid market in the world.

Forex was originally only accessible to banks & financial institutions. Due to the advances in technology such as increased internet speeds & more user friendly online services, the Forex market is now available to individuals. Individuals can access & trade the world’s currencies right from the comfort of their own home or workplace.