Brief history of Forex trading

nitially, the value of goods was expressed in terms of other goods, i.e. an economy based on barter between individual market participants. The obvious limitations of such a system encouraged establishing more generally accepted means of exchange at a fairly early stage in history, to set a common benchmark of value. In different economies, everything from teeth to feathers to pretty stones has served this purpose, but soon metals, in particular gold and silver, established themselves as an accepted means of payment as well as a reliable storage of value.

Originally, coins were simply minted from the preferred metal, but in stable political regimes the introduction of a paper form of governmental IOUs (I owe you) gained acceptance during the Middle Ages. Such IOUs, often introduced more successfully through force than persuasion were the basis of modern currencies.

Before World War I, most central banks supported their currencies with convertibility to gold. Although paper money could always be exchanged for gold, in reality this did not occur often, fostering the sometimes disastrous notion that there was not necessarily a need for full cover in the central reserves of the government.

At times, the ballooning supply of paper money without gold cover led to devastating inflation and resulting political instability. To protect local national interests, foreign exchange controls were increasingly introduced to prevent market forces from punishing monetary irresponsibility.

INTORDUCTION TO FOREX TRADING

This brief introduction explains the basics of trading Forex online, a brief explanation of the markets and the benefits of trading Forex online. There are also two scenarios describing the effects of trade in a bear and a bull market to you more familiar with some of the risks and opportunities of the largest and most liquid market in the world.

As additional support for those who are new to Forex, there is also a glossary at the bottom of this text that some of the terms used in connection with the trading of currencies.Overview :
Foreign exchange, Forex or just FX are all terms used to describe many world currencies trading. Forex market is the largest market in world, with trades amounting to more than 3 trillion dollars every day. Most forex trading is speculative, with only a low percentage of market activity representing governments and companies' fundamental currency conversion needs.

Unlike trading on the stock market, Forex market is not conducted from a central exchange, but in the "interbank market, which is intended as an OTC (over against) the market. Commercial done directly between two counterparts necessary to make a trade, whether on the telephone or electronic networks worldwide.'s main centers for trading are Sydney, Tokyo, London, Frankfurt and New York. This distribution of world trade centers means that Forex market is a 24-hour market.

Hewlett-Packard

The Hewlett-Packard Company (NYSE: HPQ), commonly referred to as HP, is a technology corporation headquartered in Palo Alto, California, United States. HP is the largest technology company in the world and operates in nearly every country. HP specializes in developing and manufacturing computing, storage, and networking hardware, software and services. Major product lines include personal computing devices, enterprise servers, related storage devices, as well as a diverse range of printers and other imaging products. Other product lines, including electronic test equipment and systems, medical electronic equipment, solid state components and instrumentation for chemical analysis were spun off as Agilent Technologies in 1999.

HP markets its products to households, small to medium size businesses and enterprises both directly, via online distribution, consumer-electronics and office-supply retailers, software partners and major technology vendors.

HP posted US $91.7 billion in annual revenue in 2006[3] compared to US$91.4 billion for IBM, making it the world's largest technology vendor in terms of sales. In 2007 the revenue was $104 billion,[4] making HP the first IT company in history to report revenues exceeding $100 billion.[5]

HP is the largest worldwide seller of personal computers, surpassing rival Dell, according to market research firms Gartner and IDC reported in January 2008;[6] the gap between HP and Dell widened substantially at the end of 2007, with HP taking a near 3.9% market share lead. HP is also the 5th largest software company in the world.[7]
Company history Founding

Compaq

Compaq Computer Corporation was an American personal computer company founded in 1982, and is now a brand name of Hewlett-Packard.

The company was formed by Rod Canion, Jim Harris and Bill Murto — former Texas Instruments senior managers. The name "COMPAQ" was derived from "Compatibility and Quality", as at its formation Compaq produced some of the first IBM PC compatible computers.

Once the largest supplier of personal computing systems in the world[1], Compaq existed as an independent corporation until 2002, when it merged with Hewlett-Packard.

Prior to its takeover the company was headquartered in northwest unincorporated Harris County, Texas, United States.[2]

History 1980s

Compaq was founded in February 1982 by Rod Canion, Jim Harris and Bill Murto, three senior managers from semiconductor manufacturer Texas Instruments. Each invested $1,000 to form the company. Their first venture capital came from Ben Rosen and Sevin Rosen Funds. Like many small startups with unique beginnings, the original Compaq PC was first sketched out on a placemat by the founders while dining in a local Houston restaurant, House of Pies.

Two key marketing executives in Compaq's early years, Jim D'Arezzo and Sparky Sparks, had come from IBM's PC Group. Other key executives responsible for the company's meteoric growth in the late 80s and early 90s were Ross A. Cooley, another former IBMer, who served for many years as SVP and GM North America; Michael Swavely, who was the company's chief marketing officer in the early years, and eventually ran the North America organization, later passing along that responsibility to Mr. Cooley, when Swavely retired. In the United States, Brendan A. "Mac" McLoughlin (another long time IBM executive) lead the company's field sales organization after starting up the Western U.S. Area of Operations. These gifted executives, along with other key contributors, including Kevin Ellington, Douglas Johns, Steven Flannigan, and Gary Stimac, helped the company surpass the IBM Corporation in all personal computer sales categories, after many predicted that none could compete with the behemoth.

Karzzzz ka Update!!!

Himesh Reshammiya and Shweta Kumar shot for a song for Satish Kaushik’s Karzzzz last week at one of South Africa’s exotic resort destinations, Emperor’s Palace, in Johannesburg.

Producer Bhushan Kumar of T-Series says, “We shot our version of Karz’s Dard-E-Dil (it’s called Tera Chehra Jab Se Dekha in Karzzzz). In the original, Rishi Kapoor sang the song to Tina Munim at a party.

The ambience is similar but the lyrics are different — more lively and in sync with today’s times. Farah Khan’s assistant, Piyush is choreographing the song and Sameer is the lyricist.”

Crore-worthy?

Talking about the song Bhushan adds, “Tera chehra… is a very romantic song where Himesh sees the girl (Shweta Kumar) for the first time. It’s going to be one of the most expensive songs we have ever shot and will cost over a crore.

It needed a magnificent and expensive looking location. Most of the film will be shot in South Africa and later in Mumbai. Himesh has grown his hair and has lost weight for Karzzzz and cuts a dashing figure.”

Talking from Jo’burg Himesh says, “I am having a blast shooting for the song. Dard-e-Dil is one of my all-time favourite songs.

I have tried to keep the emotion of the original composition intact in my new one. The music of Karzzzz has turned out as per my satisfaction.

I can say with confidence that I will be able to satisfy my fans. Especially, since they will be hearing my voice and music after almost a year with this track of mine.”

Karzzzz launch party: news!

Bhushan Kumar’s mega film ‘Karzzzz‘ was flagged off on 25th Jan ‘08, on the T-Series premises with a pooja to introduce the entire star cast of the film. Hosted by popular RJ and Anchor Siddharth Kannan, the event saw the presence of the original creator Subhash Ghai and the evergreen Rishi Kapoor himself, who shared their fond memories of the film and expressed their heartiest wishes to the present crew, to make it an even bigger success.
Also present to grace the occasion and seek the blessings of God and Subhash Ghai, were the cast and crew of the new film- Himesh Reshammiya, debutante Shweta, Danny Denzongpa, Raj Babbar and director Satish Kaushik, along with Bhushan Kumar, Krishan Kumar, Divya Khosla Kumar, Tanya Kumar and Tulsi Kumar, all from T-Series. The stars started off the event with a small pooja thanking God and went ahead to grace the stage and share their thoughts on the film.
Subhash Ghai considered it a proud moment when Bhushan Kumar and Himesh approached him for the remake of this film. He said “It’s a big compliment that they wish to bring the original film back to life.” On the other hand, Rishi Kapoor who mesmerized everyone present, said that he thoroughly enjoyed portraying ‘Monty’ ( in the original) and he looks forward to the new ‘Karzzzz‘.
Produced by Bhushan Kumar and Krishan Kumar, ‘Karzzzz’ is a remake of Subhash Ghai’s 1980 film about reincarnation. Indra Kumar’s daughter Shweta will make her debut with ‘Karzzzz’ and play the lead role of Tina Munim opposite Himesh Reshammiya, who will don Rishi Kapoor’s role for the same. Urmila Matondkar could not be present due to sickness.
Directed by Satish Kaushik, the film also stars Urmila Matondkar, Gulshan Grover, Danny Denzongpa, Rohini Hatangadi and Raj Babbar. Himesh Reshammiya also scores a hat trick by acting, singing and composing the music for the film!!!
The shooting is scheduled to commence from 10th February and the film will be shot in South Africa, Kenya and Mumbai.
T-Series has bought the remake rights from Mukta Arts for the original film ‘Karz’ directed by Subhash Ghai. The original film had a cast of Rishi Kapoor, Tina Munim, Premnath amongst others and was a big success of the 80’s.

Song of the Week Valentine special: Tera Mera Milna!

Valentine Special Song of the Week:
Tera Mera Milna - Aap Kaa Surroor the moviee: The Real Luv Story
Ye Tera Mera milna…Yun Dilon ka Khilna….Ye Hai Khuda ki Marzi….Yun Hi Nahi Hai Yaar….
Hello Friends!
Many thanks to all of you who have voted for this weeks Song of the Week! The chosen song for the next 2 weeks is none other than: Tera Mera Milna from Aap Kaa Surroor the moviee, The Real Luv Story! A perfect song for valentine’s week ;;)
Background on Tera Mera Milna
The second song on the Aap Kaa Surroor moviee soundtrack, Tera Mera Milna is a song which is bursting with melody. Sung by Himeshji & Shreya Ghosal, the song describes how two people believe they are falling in love with each other, and the experiences they have shared together. One of Himeshji’s finest musical creations, Tera Mera Milna has proved to be the winning song of the week with 16 votes as voted for by HR fans! :D
Song information
Music: Himesh Reshammiya
Singer: Himesh Reshammiya & Shreya Ghosal
To start of the discussion, please tell us:
*Why do you like the song,
*Why is the song special to you,
*What do you think of the melody,
*What do you think about the lyrics,
*How many times have you listened to the song &
*Anything else that you love about the song!!
Looking forward to seeing all of you participating in this weeks discussion!
We wish Himeshji & all HR fans a very Happy Valentines Day!
Let’s Rock