Various Types Of Foreign Exchange Systems –Market Speculation

Flexible Exchange Rate System:

In a flexible foreign exchange rate system the financial power - the central bank - regulates the exchange rate to influence the supply and demand for foreign currencies.

Fixed Exchange Rate System:

In a fixed foreign exchange rate system, the currencies are not unpredictable; in its place they are set to each other at an exacting rate. This process ideally prefers the central bank to be stacked with a big reserve of equal valued domestic and the foreign currency.

Whenever, there is a leaning for the forex market price creating expectation of the foreign currency to better in value, the central bank should sell that foreign currency in quantities that can avoid the price raise.

On the contrary, if the leaning of the foreign currency is in the downward trend, the central bank will have to purchase the foreign currency in amounts that will prevent the decrease of the price. It is for this reason, a set exchange rate system, the central bank is set to purchase and sell its domestic currency at a decided price in terms of the value of the foreign currency.

A Foreign Exchange Market:

The Foreign Exchange Market, or “Forex” market, is the major financial market in the globe with a standard daily return greater than 2 trillion US dollars (2,000,000,000,000). There were different types of foreign exchange systems ideally most of stuff are now between the fixed and the floating system.

The Forex market is the ground where currencies are exchanged and traded. Investors from all over the world buy or sell one currency for one another by trying to make some profits in the minor deviations of price as a consequence of market speculation.

Jobs That Are Hiring Now

Online help wanted ads are rising fast in these 5 hot careers.

By Chris Kyle

If online help wanted ads are any indication, the economic outlook is brightening.

Looking at Monster's Employment Index that tracks online job demand, Investopedia singled out occupations that are hiring at the fastest rate over the past 13 months.

The results are good news for job seekers with the right training.

There was a 29 percent surge in online help wanted ads for the legal industry, and a 20 percent jump in job postings for health care. And it doesn't stop there...

Read on for info on the five careers in which employers are most aggressively looking to hire, along with the training and college degree each job typically requires.

Legal Careers - Up 29 percent

Online job listings are up 29 percent in the legal arena from July 2009 to August 2010, according to Investopedia's breakdown of Monster's Employment Index. The legal industry includes everyone from paralegals to court reporters and attorneys.

Fast Fact: A quick search on Monster shows that paralegal listings outnumber lawyers. The U.S. Department of Labor forecasts a 28 percent bump in paralegal job openings from 2008-2018.

Legal Degrees:
Paralegal
Court Reporting
Legal Office Administration
Legal Studies

Average Salaries:
Paralegals: $46,120
Court Reporters: $49,710
Lawyers: $110,590

Find Paralegal training programs in your area now.

Business and Financial Careers - Up 28 percent

Monster's Employment Index shows a 28 percent spike in help wanted ads in business and finance, good for second place overall on Investopedia's list from July 2009 to August 2010.

Fast Fact: Accounting services organizations led all employers in extending job offers to the class of 2010, according to the National Association of Colleges and Employers (NACE). While accounting remains a popular major, many accountants have related degrees in business and finance.

Business and Financial Degrees:
Accounting
Business Administration
Finance
MBA

Average Salaries:
Loan Officers: $54,700
Accountants: $59,430
Financial Managers: $99,330

Search for Business and Finance degree programs.

Arts, Design, Entertainment, Sports and Media Careers - Up 25 percent

The 25 percent uptick in online help wanted ads for arts, design, entertainment, sports, and media careers is a refreshing sign for our still fragile economy. Investopedia singled out graphic and web design as areas that could see increased hiring in the months to come.

Fast Fact: A surge in social networking sites is creating a new need for savvy PR professionals who are able to control and get a client's message out. According to the Department of Labor, opportunities for PR specialists are expected to grow 24 percent through 2018.

Arts, Design, Entertainment, Sports and Media Degrees:
Graphic Design
Marketing and Communications
Public Relations
Web Design

Average Salaries:
Web Designer: $40,000
Graphic Designers: $42,400
PR Specialists: $51,280

Search for a Creative Arts & Design training programs near you!

Architecture and Engineering Careers - Up 23 percent

It's hard to imagine a breakdown of hot careers that doesn't include engineers in some shape or form. This list is no exception. According to Investopedia's breakdown of Monster's Employment Index, online job listings have risen 23 percent for architecture and engineering careers.

Fast Fact: Salaries for flash engineers, who work with Adobe's popular software, have risen from $50,000 to $150,000 over the past three years, according to the Wall Street Journal. Flash engineers typically require both an artistic and computer-science background.

Architecture and Engineering Degrees:
Computer Science
Engineering
Technical Trade

Average Salaries:
Architects: $70,320
Mechanical Engineers: $74,920
Computer and Information Scientists: $97,970

Find Technical & Engineering training programs right now!

Health Care Support Careers - Up 20 percent

Monster's Employment Index shows that online job postings in health care support are up 20 percent over the past 13 months. That's no surprise since home and personal health aides are the third and fourth fastest growing occupations through 2018, according to the most recent figures from the Department of Labor.

Fast Fact: A quick search of Monster shows 557 job postings for medical assistants. The Department of Labor sees a 34 percent jump in medical assisting opportunities from 2008-2018.

Health Care Support Degrees:
Medical Assistant
Nursing Certification
Surgical Technologist

Average Salaries:
Home Health Aides: $21,440
Medical Assistants: $28,300
Registered Nurses: $62,450

Job Matches on 25 September 2010

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Oracle Developer Company Confidential	Baguio	3 yrs exp Job Code: ICTDTPD
Quality Control Associate (Contractual) - Shaw/Makati Stream Global Services	Shaw Blvd., Mandaluyong / Ayala Ave., Makati	Job Code: ICJTTPD
Electrical Engineer Microcore Cabling & Electrical Services, Inc.	National Capital Reg	2 vacancies Skills: AutoCad Job Code: ICJTBZ
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System Engineer CordLife Medical Phils, Inc.	Diliman, Quezon City	1 yr exp Job Code: CSPVMJM
Junior Java Developers Globalbridge Resources Corporation	Makati City	1 yr exp 3 vacancies Job Code: ICJTGH
Software Developer C# Interpacific Data Management Systems Inc.	Makati	1 yr exp Skills: MS SQL Server, ASP.NET, C# Job Code: ICDMJO
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Electrician Miyano Philippines Inc.	Southern Tagalog	1 yr exp 4 vacancies Skills: Must be able to read electrical diagram/drawing Job Code: ICJMVPT
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POWER TECH/ENGINEER - LAGUNA/QUEZON Digital Telecommunication Phils Inc	Laguna and Quezon area	1 yr exp Skills: Good Communication skills Job Code: ICJMDZM
Network Processing Associates (Engineering Fresh Grads) Accenture	National Capital Reg	200 vacancies Job Code: ICJTOJ
Technical Staff a sister company of Microserve Computers Co.	Quezon City	5 vacancies Skills: Computer literate Job Code: ICTDUT
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The Skinny on Forex Trading

What is FOREX?

The Foreign Exchange market, also referred to as the "FOREX" or "Forex" or "Retail forex" or "FX" or "Spot FX" or just "Spot" is the largest financial market in the world, with a volume of over $4 trillion a day. If you compare that to the $25 billion a day volume that the New York Stock Exchange trades, you can easily see how enormous the Foreign Exchange really is. It actually equates to more than three times the total amount of the stocks and futures markets combined! Forex rocks!

What is traded on the Foreign Exchange market?

The simple answer is money. Forex trading is the simultaneous buying of one currency and the selling of another. Currencies are traded through a broker or dealer, and are traded in pairs; for example the euro and the US dollar (EUR/USD) or the British pound and the Japanese Yen (GBP/JPY).

Because you're not buying anything physical, this kind of trading can be confusing. Think of buying a currency as buying a share in a particular country. When you buy, say, Japanese Yen, you are in effect buying a share in the Japanese economy, as the price of the currency is a direct reflection of what the market thinks about the current and future health of the Japanese economy.

In general, the exchange rate of a currency versus other currencies is a reflection of the condition of that country's economy, compared to the other countries' economies.

Unlike other financial markets like the New York Stock Exchange, the Forex spot market has neither a physical location nor a central exchange. The Forex market is considered an Over-the-Counter (OTC) or 'Interbank' market, due to the fact that the entire market is run electronically, within a network of banks, continuously over a 24-hour period.

Until the late 1990's, only the "big guys" could play this game. The initial requirement was that you could trade only if you had about ten to fifty million bucks to start with! Forex was originally intended to be used by bankers and large institutions - and not by us "little guys". However, because of the rise of the Internet, online Forex trading firms are now able to offer trading accounts to 'retail' traders like us.

All you need to get started is a computer, a high-speed Internet connection, and the information contained within this site.

BabyPips.com was created to introduce novice or beginner traders to all the essential aspects of foreign exchange, in a fun and easy-to-understand manner.