What Is Forex ?

Forex is an inter-bank market that took shape in 1971 when global trade shifted from fixed exchange rates to floating ones. This is a set of transactions among forex market agents involving exchange of specified sums of money in a currency unit of any given nation for currency of another nation at an agreed rate as of any specified date. During exchange, the exchange rate of one currency to another currency is determined simply: by supply and demand – exchange to which both parties agree.

Mathematics of Money Management

Now you can freely download another money management in trading related Forex book from my site — Mathematics of Money Management: Risk Analysis Techniques for Traders. It is written by Ralph Vince, the author of many books about the use of math in trading. Although this e-book is quite heavy on mathematics (calculus and statistics) it’s intended for the general readers — both for those that are fluent in numbers and those that are not. You’ll find some working methods and formulas there, that, if used in your own money management strategies, should help you to avoid many of the problems financial traders encounter. It’s quite a big e-book and isn’t very easy to understand, so be prepared for some long read.

BusinessNewsweek for Sale - What Went Wrong?

Newsweek is up for sale, prompting blog debate about the fate of newsweeklies in a world of 24/7 reporting... and some sharp criticism of the magazine itself and its editor, Jon Meacham. "Jon Meacham, Newsweek's editor, failed woefully," writes Michael Wolff at Off the Grid. "Meacham, while only 41, is a perfect example of media insularity and self-congratulation. He's a turgid, flaccid, and suicidally boring writer (that is, it's the reader who wants to do himself in) who somehow came to represent high-mindedness and got heaped with awards." Ouch! But The Awl reports that Meacham himself is putting together a bid for the mag. The Atlantic Wire has his segment on The Daily Show last night. "Newsweek is your father's magazine, and no amount of reinvention could fix that," says Media Decoder. "The brand still has recognition, but beyond helping its editor...get on television and sell some books, it hard to tell what the brand is really worth at this point." Meanwhile, FishbowlNY takes a look at the five ways reporters are covering Newsweek's demise: "the Eulogy, the Economic Eulogy, the 'Who Could Buy It?', the Jack Shafer, and the They Love Obama