Indeed You alone know Yourself by Your internal potency O Supreme Person Origin of all Lord of all beings God of Gods Lord of the universe The Supersoul You are the Supreme Primal Objective You are the ultimate resting place of the universe You are inexhaustible and You are the oldest You are the maintainer of the eternal religion, the Personality of Godhead Oh master of the senses Oh Primal Lord O Limitless One God of Gods Refuge of the universe You are the invincible source The cause of all causes You are the knower of everything and all that is knowable You are the supreme refuge above the material modes O limitless form This whole cosmic manifestation is pervaded by You O unbounded power You are the master of limitless might You are all-pervading and thus You are everything Omniscient The ancient The Ruler of the whole world Minuter than the atom The supporter of all Of form inconceivable Effulgent like the Sun and Beyond the darkness There is nothing whatsoever higher than you You are the Sapidity in Water The Light in the Moon and the Sun You are the syllable OM in all the Vedas Sound in ether You are the Virility in men You are the sweet fragrance in earth and the brilliance in fire You are the life in all beings The austerity in the austere You are the eternal seed of all beings The intelligence of the intelligent You are the Splendor of the Splendid You are the Strength of the Strong Guest
Emmanuel Onohwosafe

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A Little Girl's Unconditional Love.

A Little Girl Was Decorating A Box With A Gold Wrapping Paper To Put It Under The Christmas Tree. Money Was Tight, So The Girl‘s F...
Efelexy Efelexy 1.4k
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Efelexy
A Little Girl's Unconditional Love.
~1.0 mins read
A little girl was decorating a box with a gold wrapping paper to put it under the Christmas tree. Money was tight, so the girl‘s father punished her for wasting almost all roll of that expensive paper.
However, the next morning the girl brought the gift to her father. "This is for you, Daddy" – she said. He opened a box and found it empty, so he became angry again. "Don‘t you know, that when you give someone a gift, it is supposed that there would be something inside it” – he said severely.
The little girl looked at her father with tears in her eyes. "Daddy, this box is not empty, I filled it with my kisses, all for you“.
The father was stunned. He felt so embarrassed that could just put his arms around his little daughter and beg for her forgiveness.
For many years of his life the man kept that golden box near his bed. Wherever he felt sad and downhearted he opened the box and thought of love that the little child had put into it.
Each of us have been given a present of unconditional love from our children, family, friends and God. It is the most precious possession that anyone could hold.
(Source;-  inspirationalstories.eu)
Buying And Selling Currency Pairs.

Forex Trading Is The simultaneous buying Of One Currency And Selling Another.

Currencies Are Traded Through A Broker Or Dealer And ...
Efelexy Efelexy 20.9k
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Buying And Selling Currency Pairs.
~18.7 mins read
Forex trading is the simultaneous buying of one currency and selling another.

Currencies are traded through a broker or dealer and are traded in pairs. Currencies are quoted in relation to another currency.

For example, the euro and the U.S. dollar (EUR/USD) or the British pound and the Japanese yen (GBP/JPY).

When you trade in the forex market, you buy or sell in currency pairs.

Buying and Selling in Currency Pairs

Imagine each currency pair constantly in a “tug of war” with each currency on its own side of the rope.

An exchange rate is the relative price of two currencies from two different countries.

Exchange rates fluctuate based on which currency is stronger at the moment.

There are three categories of currency pairs:

  • The “majors“
  • The “crosses“
  • The “exotics“
    • The major currency pairs always include the U.S. dollar.

    Cross-currency pairs do NOT include the U.S. dollar. Crosses that involve any of the major currencies are also known as ” minors”.

    Exotic currency pairs consist of one major currency and one currency from an emerging market (EM).

    Major Currency Pairs

    EUR/USD Currency Pair

    The currency pairs listed below are considered the “majors.”

    These pairs all contain the U.S. dollar (USD) on one side and are the most frequently traded.

    Compared to the crosses and exotics, price moves more frequently with the majors, which provide more trading opportunities.

    CURRENCY PAIRCOUNTRIESFX GEEK SPEAK
    EUR/USDEurozone / United States“euro dollar”
    USD/JPYUnited States / Japan“dollar yen”
    GBP/USDUnited Kingdom / United States“pound dollar”
    USD/CHFUnited States/ Switzerland“dollar swissy”
    USD/CADUnited States / Canada“dollar loonie”
    AUD/USDAustralia / United States“aussie dollar”
    NZD/USDNew Zealand / United States“kiwi dollar”
    The majors are the most liquid in the world.

    Liquidity is used to describe the level of activity in the financial market.

    In forex, it’s based on the number of active traders buying and selling a specific currency pair and the volume being traded.

    The more frequently traded something is, the higher its liquidity.

    For example, more people trade the EUR/USD currency pair and at higher volumes, than the AUD/USD currency pair.

    This means that EUR/USD is more liquid than AUD/USD.

    Major Cross-Currency Pairs or Minor Currency Pairs

    Currency pairs that don’t contain the U.S. dollar (USD) are known as cross-currency pairs or simply as the “crosses.”

    Major crosses are also known as “minors.”

    While not as frequently traded as the majors, the crosses are still pretty liquid and still provide plenty of trading opportunities.

    The most actively traded crosses are derived from the three major non-USD currencies: EUR, JPY, and GBP.

    Euro Crosses

    CURRENCY PAIRCOUNTRIESFX GEEK SPEAK
    EUR/CHFEurozone / Switzerland“euro swissy”
    EUR/GBPEurozone / United Kingdom“euro pound”
    EUR/CADEurozone / Canada“euro loonie”
    EUR/AUDEurozone / Australia“euro aussie”
    EUR/NZDEurozone / New Zealand“euro kiwi”
    EUR/SEKEurozone / Sweden“euro stockie”
    EUR/NOKEurozone / Norway“euro nockie”

    Yen Crosses

    CURRENCY PAIRCOUNTRIESFX GEEK SPEAK
    EUR/JPYEurozone / Japan“euro yen” or “yuppy”
    GBP/JPYUnited Kingdom / Japan“pound yen” or “guppy”
    CHF/JPYSwitzerland / Japan“swissy yen”
    CAD/JPYCanada / Japan“loonie yen”
    AUD/JPYAustralia / Japan“aussie yen”
    NZD/JPYNew Zealand / Japan“kiwi yen”

    Pound Crosses

    PAIRCOUNTRIESFX GEEK SPEAK
    GBP/CHFUnited Kingdom / Switzerland“pound swissy”
    GBP/AUDUnited Kingdom / Australia“pound aussie”
    GBP/CADUnited Kingdom / Canada“pound loonie”
    GBP/NZDUnited Kingdom / New Zealand“pound kiwi”

    Other Crosses

    PAIRCOUNTRIESFX GEEK SPEAK
    AUD/CHFAustralia / Switzerland“aussie swissy”
    AUD/CADAustralia / Canada“aussie loonie”
    AUD/NZDAustralia / New Zealand“aussie kiwi”
    CAD/CHFCanada / Switzerland“loonie swissy”
    NZD/CHFNew Zealand / Switzerland“kiwi swissy”
    NZD/CADNew Zealand / Canada“kiwi loonie”

    Exotic Currency Pairs

    Exotic Currency Pairs

    No, exotic pairs are not exotic belly dancers who happen to be twins.

    Exotic currency pairs are made up of one major currency paired with the currency of an emerging economy, such as Brazil, Mexico, Chile, Turkey, or Hungary.

    The chart below contains a few examples of exotic currency pairs.

    Wanna take a shot at guessing what those other currency symbols stand for?

    Depending on your forex broker, you may see the following exotic currency pairs so it’s good to know what they are.

    Keep in mind that these pairs aren’t as heavily traded as the “majors” or “crosses,” so the transaction costs associated with trading these pairs are usually bigger.

    CURRENCY PAIRCOUNTRIESFX GEEK SPEAK
    USD/BRLUnited States / Brazil“dollar real”
    USD/HKDUnited States / Hong Kong
    USD/SARUnited States / Saudi Arabia“dollar riyal”
    USD/SGDUnited States / Singapore“dollar sing”
    USD/ZARUnited States / South Africa“dollar rand”
    USD/THBUnited States / Thailand“dollar baht”
    USD/MXNUnited States / Mexico“dollar mex”
    USD/RUBUnited States / Russia“dollar ruble” or “Barney”
    USD/PLNUnited States / Poland“dollar zloty”
    USD/CLPUnited States/ Chile
    It’s not unusual to see spreads that are two or three times bigger than that of EUR/USD or USD/JPY.

    Due to the overall lower degree of liquidity, exotic currency pairs tend to be far more sensitive to economic and geopolitical events.

    For example, a political scandal or unexpected election results can cause an exotic pair’s exchange rate to swing violently.

    So if you want to trade exotics currency pairs, remember to factor this in your decision.

    For those of y’all who are really mesmerized by exotics, here’s a more comprehensive list.

    CURRENCY CODECOUNTRYCURRENCY CODECOUNTRY
    AEDUAE DirhamARSArgentinean Peso
    AFNAfghanistan AfghaniGELGeorgian Lari
    MYRMalaysian RinggitAMDArmenian Dram
    GYDGuyanese DollarMZNMozambique new Metical
    AWGAruban FlorinIDRIndonesian Rupiah
    OMROmani RialAZNAzerbaijan New Manat
    IQDIraqi DinarQARQatari Rial
    BHDBahraini DinarIRRIranian Rial
    SLLSierra Leone LeoneBWPBotswana Pula
    JODJordanian DinarTJSTajikistani Somoni
    BYRBelarusian RubleKGSKyrgyzstanian Som
    TMTTurkmenistan new ManatCDFCongolese Franc
    LBPLebanese PoundTZSTanzanian Schilling
    DZDAlgerian DinarLRDLiberian Dollar
    UZSUzbekistan SomEGPEgyptian Pound
    MADMoroccan DirhamWSTSamoan Tala
    EEKEstonian KroonMNTMongolian Tugrik
    MWKMalawi KwachaETBEthiopian Birr
    THBThai BahtTRYNew Turkish Lira
    ZARSouth African RandZWDZimbabwe Dollar
    BRLBrazilian RealCLPChilean Peso
    CNYChinese Yuan RenminbiCZKCzech Koruna
    HKDHong Kong DollarHUFHungarian Forint
    ILSIsraeli ShekelINRIndian Rupee
    ISKIcelandic KronaKRWSouth Korean Won
    KWDKuwaiti DinarMXNMexican Peso
    PHPPhilippine PesoPKRPakistani Rupee
    PLNPolish ZlotyRUBRussian Ruble
    SARSaudi Arabian RiyalSGDSingaporean Dollar
    TWDTaiwanese Dollar
    DID YOU KNOW? There are 180 legal currencies in the world, as recognized by the United Nations.  That’s a lot of potential currency pairs! Unfortunately, not all of them are readable. Forex brokers tend to offer traders up to 70 currency pairs.
    Aside from the three main categories of currency pairs, there are other “groups” of currencies that are thrown around in the FX world which you should be aware of.

    G10 Currencies

    The G10 currencies are ten of the most heavily traded currencies in the world, which are also ten of the world’s most liquid currencies.

    Traders regularly buy and sell them in an open market with minimal impact on their own international exchange rates.

    COUNTRYCURRENCY NAMECURRENCY CODE
    United StatesdollarUSD
    European UnioneuroEUR
    United KingdompoundGBP
    JapanyenJPY
    AustraliadollarAUD
    New ZealanddollarNZD
    CanadadollarCAD
    SwitzerlandfrancCHF
    NorwaykroneNOK
    SwedenkronaSEK
    DenmarkkroneDKK

    The Scandies

    Scandinavia is a subregion in Northern Europe, with strong historical, cultural, and linguistic ties.

    The term “Scandinavia” in local usage covers the three kingdoms of Denmark, Norway, and Sweden.

    Together, their currencies are known as the “Scandies“.

    Back in the day, Denmark and Sweden established the Scandinavian Monetary Union to merge their currencies to a gold standard. Norway joined later.

    This meant that these countries now had one currency, with the same monetary value, with the exception that each of these countries minted their own coins.

    But then World War I happened, and the gold standard was abandoned and the Scandinavian Monetary Union disbanded.  These countries decided to keep the currency, even if the values were separate from one another. And this remains the state of things.

    If you notice their currency names, they all look similar. That’s because the word “krone or krona” literally means “crown”, and the differences in spelling of the name represent the differences between the North Germanic languages.

    Crown currencies. What a cool name huh?

    I don’t know about you, but saying “Hook me up with some crowns yo.” sounds way cooler than “Hook me up with some dollahs yo.”

    COUNTRYCURRENCY NAMECURRENCY CODE
    DenmarkkroneDKK
    SwedenkronaSEK
    NorwaykroneNOK
    SEK and NOK also have cool nicknames, “Stockie” and “Nokie“.

    So when paired with the U.S. dollar,  USD/SEK is read “dollar stockie”  and USD/NOK is read “dollar nockie”.

    CEE Currencies

    “CEE” stands for Central and Eastern Europe.

    Central and Eastern Europe is a term encompassing the countries in Central Europe,  the Baltics, Eastern Europe, and Southeast Europe (the Balkans), usually meaning former communist states from the Eastern Bloc (Warsaw Pact) in Europe.

    Central and Eastern European Countries (CEECs) is an OECD term for the group of countries comprising Albania, Bulgaria, Croatia, the Czech Republic, Hungary, Poland, Romania, the Slovak Republic, Slovenia, and the three Baltic States: Estonia, Latvia, and Lithuania.

    Regarding the FX market, there are four main CEE currencies to be aware of.

    COUNTRYCURRENCY NAMECURRENCY CODE
    HungaryforintHUF
    Czech RepublickorunaCZK
    PolandzlotyPLN
    RomanialeuRON

    BRIICS

    BRIICS is the acronym coined for the association of five major emerging national economies: Brazil, Russia, India, Indonesia, China, and South Africa.

    Originally the first four were grouped as “BRIC” (or “the BRICs”). BRICs was a term created by Goldman Sachs to name today’s new high-growth emerging economies.

    BRIICS is the term created by the OECD, when it added Indonesia and South Africa.

    COUNTRYCURRENCY NAMECURRENCY CODE
    BrazilrealBRL
    RussiarubleRUB
    IndiarupeeINR
    IndonesiarupiahIDR
    ChinayuanCNY
    South AfricarandZAR

    Summary

    Whew! That was a lot of information on currencies but you just raised your FX IQ points! ðŸ§ 

    Let’s summarize what you’ve learned in a series of questions:

    What is a currency pair in forex?
    A currency pair is a pairing of currencies where the value of one is relative to the other. For example, GBP/USD is the value of the British pound relative to the U.S. dollar.

    What are the major currency pairs?
    Major currency pairs (“majors”) are those that include the U.S. dollar and the most frequently traded. There are seven of them: EUR/USD, USD/JPY, GBPUSD, USD/CAD, USD/CHF, AUD/USD, and NZD/USD.

    What are the currency crosses?
    Currency crosses (“crosses”) are the more frequently traded currencies that do NOT include the U.S. dollar in their pairing. Crosses include EUR/GBP, EUR/CAD, GBP/JPY, EUR/CHF, EUR/JPY, etc.

    How many currency pairs exist?
    There are HUNDREDS of currency pairs in existence but not all can be traded in the FX market. The United Nations currently recognizes 180 currencies. If you were to pair each currency up with another, it’s a lot.

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