One For All and All FOREX!

The Forex Market is so huge that it literally encompasses most of the human race within it. This article will explore the different individuals, businesses and institutions who take part in the Forex Market. Let’s start with the institutions first.

Central Banks

Central banks take part in the Forex Market primarily for the following two reasons:
1) Fix monetary policies
2) Regulate interest rates

In short, this would affect the supply and demand of their national currency in the financial system. At times, some central banks are known to “intervene” by buying or selling their own currency. An example is Japan, when the Bank of Japan intervened in 2005 by selling the Yen. This had the effect of “weakening” their currency, which helps their local exporters. Another recent example is Venezuela, when President Hugo Chavez devalued the Bolivar by 50% in early Jan 2010, also in an attempt to boost exports in a sluggish economy.

Commercial Banks & Hedge Funds

Commercial banks and hedge funds participate in the Forex Market to make money. That is the short answer. In today’s terms, more than 50% of banks’ income is derived from Forex. More so than housing/business loans! I was in a local bank the other day, and I saw a notice that said, “Interest rates for deposits upwards of SGD300,000 is now at 0.4%.” Is that pathetic or what? And that’s for a WHOLE YEAR! I make more than that in ONE TRADE!


Businesses take part in the Forex Market for a few reasons:

1) Hedge against currency fluctuations

Some businesses are more affected in the changes in Forex rates than others. A prime example would be importer/exporters. Japanese exporters are hurt by a high Yen because their competitive edge is lost when their goods become more expensive to importing nations. To off-set these losses, some Japanese companies actually sell USD/JPY in the Forex Market.

2) Business Costs & Expenses

As an example: A Japanese company based in Singapore would have to pay their overheads/salaries in Singapore Dollars. They also receive revenues in Singapore dollars. At the close of the financial year, the company would repatriate money back to Japan (which would mean converting Singapore dollars to Yen).

On a side-note, do you know that Chrysler, the car company which filed for bankruptcy protection last year, made more money in the Forex Market in 2003 than they did selling cars!

Retail Investors

This is by far, the most interesting group, and the one in which you and I belong to.

Let’s break this group up a little. I’ve identified 3 demographics of retail investors who take part in the Forex Market:

1) 20-35 years old

This group consists of students, young adults and perhaps some married couples. They trade Forex for financial education purposes and to earn a second source of income.

2) 35-50 years old

This group consists of entrepreneurs, married couples, business owners and traders. They trade Forex to have a global view on finance and to diversify their investment portfolio.

3) 50-65 years old

This group consists of housewives and retirees. They trade Forex to pass the time and earn some daily cash income. The “Japanese Housewives”, also known as the “Kimono Traders”, form a significant portion in this group!

Which group do you belong to?

You know what? It really doesn’t matter. The Forex Market is BIG enough for all of us combined! So let’s start this exciting journey today!

It’s one for all and all FOREX!

Beyond the Boardroom – Video and Web Conferencing For All – Part 2

In a recently published article Beyond the Boardroom: Video and Web Conferencing for ALL – Part 1, we listed five industries outside of the boardroom who are taking full advantage of online communication tools to save time, money and increase productivity. Here are five more industries who are thinking “outside the box”:

Judicial System

From conducting client depositions to allowing remote witness testimonies, the justice system is using video and web conferencing to cut back on legal costs and shorten the lifecycle of trials. The prison system is benefiting from it’s use as well by allowing high risk prisoners to appear in court remotely, reducing the possible safety hazards of transporting them. Other ways the judicial system is using video and web conferencing include remote hearings and arraignments, as well as prisoners meeting with friends and family members without anyone having to travel to the prison or jail to see them.


Today’s society moves fast; people want things now and don’t have the patience to wait. Video and web conferencing has allowed the Manufacturing Industry to reduce production time, ultimately resulting in reducing the time it takes for a product to get into the hands of the public. This is made possible by allowing manufacturers to speed up product feedback, increase quality control and bring together teams of developers, designers and vendors, all located in different areas throughout the world..

Healthcare Services

It used to be common practice for doctors to make house calls, but as society grew and technologies changed, it became normal for patients to visit doctors in their office. Video and web conferencing has allowed doctors to bring back the house call, making their patient visits more personal. Doctors are now able to conduct medical consultations, get advice from fellow physicians, monitor patients and offer support to patients without leaving the comfort of their office. In addition, hospitals are using video and web conferencing to help train future physicians by allowing them to go online and observe surgeries as they are taking place.

Media Relations

Journalists and news reporters use video and web conferencing to expand their reach into the public, giving them an international appearance. They are hosting video press conferences and conducting web based interviews without having to travel to locations around the world.

Interpreting and Sign Language Service

Communication is a prominent issue facing individuals who are hearing impaired. Video and web conferencing has given these individuals a tool which allows communication barriers to be broken down. Interpreter services can now use video and web conferencing to communicate with those who are hearing impaired. This works especially well in a classroom setting where interpreters act as an advocate for students, staff and parents, giving equal access to education for everyone.

As the popularity of video and web conferencing grows, more and more industries will begin to adopt this technology, making it a “must have” necessity to doing business.

Ethics Education for Yoga Teachers

Ethics training is an important component of any career. Business students must learn how to ethically do business, when dealing with finances, accounts, and employees. Doctors must understand the ethics of healthcare and serving patients in a way that fulfills a moral obligation. Service providers must be willing to follow a code of conduct to ensure the trust of their clients. When it comes to teaching Yoga, ethics are no exception. Yoga instructors must adhere to certain lifestyle choices, and stick to a code of ethics for teaching.

When you are a teacher of anything, you tend to end up living in a fish bowl of sorts – where everyone watches and judges your actions in and out of class. When there is a contrast in behaviors from what people see inside the classroom, as opposed to outside of it, questions of character arise. Who is this person, really? A Yoga instructor, seen guzzling beers every Friday night at the local bar, for example, will be looked upon differently when teaching class. Yoga teachers who date their students are opening up many potential problems. Of course, Yoga teachers are people too, and perfection is not the expectation. However, Yogic philosophy encompasses certain principles for living a balanced life, and it is important for Yoga instructors to make those principles inherent to their lifestyles.

The ethics of Yoga include – treating students with respect, honoring other Yoga teachers, and welcoming all students into the class. Yoga instructors must practice truthfulness in their relationships. They should live a life of integrity and honesty in the classroom and the community. Those of us who choose to become Yoga instructors are obligated to make healthy choices in all aspects of life. Teaching Yoga is more than a job; it is a way of life. It means embracing Yoga’s philosophies at all times. In fact, it is not that difficult to “walk the talk.” Teachers should have no difficulty understanding the Yamas and Niyamas. The Yamas and Niyamas are the guidelines for ethical behavior of all Yoga practitioners – especially teachers.

Ethics education for Yoga teachers makes perfect sense. Whether we like it or not, Yoga students tend to judge their teachers, or have certain expectations for us, to display ethical behavior. When a Yoga teacher meets students’ expectations, it puts students at ease. When a Yoga instructor says or does things that do not meet students’ expectations, they are at risk of losing the respect of students. Ethics education is a crucial component of a Yoga teacher training program. It helps produce well-rounded Yoga instructors who know the importance of living an authentic life.

© Copyright 2012 – Aura Wellness Center – Publications Division