Saturday, June 9, 2012
Online Jobs
Saturday, November 5, 2011
Questions About Forex Trading
The foreign exchange (currency or forex or FX) market exists wherever one currency is traded for another. It is by far the largest financial market in the world, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions.
The average daily trade in the global forex markets currently exceeds US$ 2 trillion. Retail traders (individuals) are a small fraction of this market and may only participate indirectly through brokers or banks
The answer is Currency. Currencies are always traded in pairs, such as EUR/USD, GBP/USD, etc. Why ? Because when you trade forex, you are exchanging 1 currency to another currency simultaneously (buying 1 currency and selling the other at the same instance). You will gain from differences of traded currency price rates.
Forex can be traded 24 hours a day and 5 days a week. The main trading centers are in London, New York, Tokyo, and Singapore, but banks throughout the world participate. The biggest foreign exchange trading centre is London, followed by New York and Tokyo. Currency trading happens continuously throughout the day; as the Asian trading session ends, the European session begins, followed by the US session and then back to the Asian session, excluding weekends
Currency Trading
Courses in Currency Trading
There are many courses in currency trading and we offer one on this site but what makes a good currency trading course? Let’s have a look at some key elements that a course should contain to help you get the right forex education and achieve long term currency trading success.
Firstly look for realism, don’t be deceived by people telling you that you can make a fortune with no effort – you can’t. If you want to get a course in currency trading then it is up to you to learn the logic, understand it, have confidence in it and apply it with discipline, to lead you to long term success.
Here are some points to be aware of when buying a currency trading course.
1. Beware of courses that Claim Scientific Accuracy
There are many courses that will tell you they can trade with scientific accuracy - but they can’t. If there was a scientific theory of market movement, there would actually be no market, as we would all know the price in advance.
Forex trading is a game of odds - NOT certainties and any system can lose money in the short term, that simply the reality of trading.
2. Beware of courses that Use Far Out Theories
The king of these is Fibonacci and trading Fibonacci retracements.
The Fibonacci number sequence has nothing to do with trading and if Leonardo Fibonacci were around today (he died in the thirteenth century) he would probably be bemused at the way financial traders have hijacked his theory and applied it to trading.
The theory was originally used to solve a problem to do with the copulation of rabbits and has nothing to do with finance.
Traders present it as a scientific theory for trading but it is anything but – if it were scientific the retracements would work every time and they don’t they work some of the time but you can pick any retracement percentage you like and it will work some the time – but that’s not scientific!
Other similar theories are Gann and Elliot wave, both claim to be scientific but are not – leave them to the far out crowd and dreamers.
3. Beware of The Track Record
Anyone can make up any track record and many vendors do!
Be cautious when you see one that looks to good to be true, as it will normally be accompanied by the following disclaimer or a similar one, read it carefully:
"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".
If a vendor puts this disclaimer on a track record, they can simulate anything they want in hindsight knowing the closing prices. Of course doing this is a lot easier than trading for real and not knowing what they are!
4. Beware of Courses that Promise Regular Income
How on earth can you promise a regular income from a market that’s so un-predictable?
Not even the best currency trading systems win all the time and all will have periods of drawdown and losses furthermore, you can never anticipate how long they will last.
Over the longer term a soundly based forex trading strategy should make money - but in shorter time frames anything can happen
5. Beware of Day Trading and Scalping Courses
Forex day trading and scalping is simply one of the best ways to wipeout your account equity. Volatility in short term time frames is random, support and resistance levels are meaningless and you can’t get the odds in your favor – period.
If you ever see a day trading system that produces a track record of gains look for the disclaimer we have highlighted in point 3.
Avoid day trading systems!
6. Beware of Courses with No Satisfaction Guarantee
Any currency trading course will make claims and give you the benefits it thinks it will give you and that’s fair enough – but the vendor is asking you to believe these claims and you therefore should have a right to have your money back, if the course does not deliver what you expect.
You should look for a guarantee that offers to rebate your money in FULL with no penalties after a trial period should you not be satisfied.
Saturday, July 31, 2010
Preschool Franchise Business
Kids Preschool Franchise Fees Income Opportunity
DRS group is a renowned business house with well diversified interests and a combined turnover in excess of 500 crores. DRS International School at Hyderabad since 2003 and a chain of over 100 preschools across India under the brand name DRS Kids and Edify Kids have made its presence in the field of education. Curriculum designed on primary year program (International Baccalaureate (IB)) guidelines.
- Theme based activity centric curriculum
- Comprehensive reading and writing readiness program
- Low Investment with high returns with an agreement of 10 years.
- Training support for the Center Head / Owners for the insight into the program and the management aspects.
- Marketing support (includes national print and electronic media).
- Team experts have hand picked teaching aids and resources.
The increasing Global competition has awakened parents to the fact that children need to be fully equipped to face challenges from a young age. Facing a tough struggle to get admission to kindergarten has made them realize that the situation demanded right grooming for their child from an even early age. It was then that the need for pre-schooling was acutely felt. In spite of this, the demand for quality inadequate pre-schools throughout the country is enormous. The recent past has seen the entry of reputed organizations, with a more professional approach, into the field. They have enjoyed a fair amount of success. And paved the way for a new entrant “EDIFY Kids” to grab a major share of the market.
Proven Backing
EDIFY KIDS is an initiative of the DRS GROUP, a well-known business house with diversified interests, with a combined turnover in excess of Rs. 500 crores. DRS has already made its presence felt in the field of education by establishing “DRS International School” at Hyderabad in 2003. Right from inception of operation, DRS International School has moved from strength to strength has created a niche market for itself in the international school arena, truly with its motto, “Strive to Surpass”, DRS International School has pledged to create a society of progressive thinking individuals by providing the finest quality education to its students.
Since inception in 2003, DRS International School has been striving to bring about a transformation in the education scenario. The endeavor is not so much to ‘teach’ the child but to empower the student to embark upon his\her own exciting journey of discovery and learning. It firmly believes that students and teachers are Co-travelers on the road to knowledge and self-actualization.
An ISO Certified Institution, DRS International School is an International Baccalaureate (IB) awarding school. The Board of advisors comprising eminent personalities including Sri T. N. Seshan, IAS, Former Chief Election Commissioner of India and Sri Gulab Ramchandani Ex Head Master, Doon School.
Firmly committed to its vision, DRS International School has, in a short span of time, succeeded in making a mark upon the educational landscape and today figures among the leading schools in the country.
| A | B | C | D | E | F | G | |
|---|---|---|---|---|---|---|---|
| 1 | PARTICULARS (Tier I Cities) | 1st Year | 2nd Year | 3rd Year | 4th Year | 5th Year | 6th Year |
| 2 | No. of Students -PG | 20 | 25 | 30 | 30 | 30 | 35 |
| 3 | No. of Students -IK-1 | 15 | 20 | 25 | 30 | 30 | 35 |
| 4 | No. of Students -IK-2 | 15 | 15 | 20 | 25 | 30 | 35 |
| 5 | No. of Students -IK-3 | 15 | 15 | 20 | 30 | 35 | |
| 6 | Total no. of Students | 50 | 75 | 90 | 105 | 120 | 140 |
| 7 | Tuition Fee per Student | 2000 | 2000 | 2200 | 2200 | 2400 | 2400 |
| 8 | Total Monthly Tuition fee | 100000 | 150000 | 198000 | 231000 | 288000 | 336000 |
| 9 | Period of Operation in Months | 12 | 12 | 12 | 12 | 12 | 12 |
| 10 | Total Yearly fee ( A ) | 1200000 | 1800000 | 2376000 | 2772000 | 3456000 | 4032000 |
| 11 | Admission fee (Non Refundable) | 5000 | 5000 | 5000 | 5000 | 5000 | 5000 |
| 12 | Application Registration fee | 500 | 500 | 500 | 500 | 500 | 500 |
| 13 | Total revenue from adm fee ( B ) | 250000 | 125000 | 75000 | 75000 | 75000 | 100000 |
| 14 | Note: Application fee of 500Rs is not added in Total revenue from adm fee. | ||||||
| 15 | Annual fee (one time Non Refundable) | 2000 | 2000 | 2000 | 2500 | 2500 | 2500 |
| 16 | Total Annual fee | 100000 | 150000 | 180000 | 262500 | 300000 | 350000 |
| 17 | |||||||
| 18 | Total Revenue Yearly (A+B+C) | 1550000 | 2075000 | 2631000 | 3109500 | 3831000 | 4482000 |
| 19 | Royalty on tution fee @ 14% from 4th year onwards calucalated | ||||||
| 20 | Royalty on Tuition fee @ 18% (on each child) | 216000 | 324000 | 427680 | 388080 | 483840 | 564480 |
| 21 | Total Revenue less Royalty | 1334000 | 1751000 | 2203320 | 2721420 | 3347160 | 3917520 |
| 22 | Recurring expenses | ||||||
| 23 | Salary Teaching Staff @ 12:1 (teacher @ 5000 average) | 15000 | 25000 | 30000 | 35000 | 45000 | 50000 |
| 24 | Salary Non Teaching Staff | 8000 | 10000 | 12000 | 14000 | 16000 | 18000 |
| 25 | Electricity | 2000 | 3000 | 3500 | 4000 | 4000 | 4000 |
| 26 | Stationary & Out-of-pocket expenses | 4000 | 6000 | 8000 | 10000 | 12000 | 14000 |
| 27 | Miscellaneous | 2000 | 6000 | 8000 | 10000 | 12000 | 14000 |
| 28 | Telephone Charges | 1000 | 1200 | 1400 | 1600 | 1800 | 2000 |
| 29 | Local Promotion | 6000 | 6000 | 8000 | 8000 | 6000 | 6000 |
| 30 | Rent for school | 25000 | 27500 | 30250 | 33275 | 36603 | 40263 |
| 31 | Total monthly expenses | 63000 | 84700 | 101150 | 115875 | 133403 | 148263 |
| 32 | Period of Operation in Months | 12 | 12 | 12 | 12 | 12 | 12 |
| 33 | Total yearly expenses (2) | 756000 | 1016400 | 1213800 | 1390500 | 1600830 | 1779153 |
| 34 | Gross Profit | ||||||
| 35 | Total GP | 578000 | 734600 | 989520 | 1330920 | 1746330 | 2138367 |
| 36 | Fixed expenses | ||||||
| 37 | Agreement Fee | 285000 | |||||
| 38 | |||||||
| 39 | Annual Extension Fee | 7500 | 7500 | 7500 | |||
| 40 | Total Fixed expenses | 285000 | |||||
| 41 | Net Profit after expenses | 293000 | 734600 | 989520 | 1323420 | 1738830 | 2130867 |
| 42 | |||||||
| 43 | Royalty: | ||||||
| 44 | |||||||
| 45 | Years | Percentage | |||||
| 46 | |||||||
| 47 | 1st Year | 18% | |||||
| 48 | 2nd Year | 18% | |||||
| 49 | 3rd Year | 18% | |||||
| 50 | |||||||
| 51 | 4th Year | 14% | |||||
| 52 | 5th Year | 14% | |||||
| 53 | 6th Year | 14% | |||||
| 54 | |||||||
| 55 | 7th Year | 10% | |||||
| 56 | 8th Year | 10% | |||||
| 57 | 9th Year | 10% | |||||
| 58 | 10th Year | 10% | |||||
| 59 | |||||||
| 60 | The above percentage mentioned will be calculated on Tuition Fee only | ||||||
| 61 | |||||||
| 62 | 4th Year to 10th Year an annual fee of Rs. 7500/- will be charged. | ||||||
| 63 | |||||||
| 64 | There is added advantage to the above proposal from the 4th year onward if the royalty goes up beyond 2.75 lacks per annum, then the associates will have to pay only 2.75 lacks per annum and from the 7th year only 2 lacks per annum. |