Forex Training Series

Non Forex traders are generally under the impression that the math involved with Forex trading is more complicated than in other forms of trading. Truth is the math involved in currency trading is exactly the same as in any other form of trading. We use the same addition, subtraction, multiplication and division we learned in grade school.

In stock trading the evening news anchor announces the Dow gained 30 “points” today, and in Forex trading we hear the US Dollar is up 30 “pips.” Well that’s fine, but points and pips won’t pay our rent. So let’s convert “points” and “pips” using the basics of Forex math into what it means to us – money. This section will cover basic, but very important principles we utilize in our daily trading activities - prices.

The first thing that you’ll notice about the prices in most currency pairs is they have a couple extra numbers in them compared to a stock quote, or the actual currency exchange rate listed in the travel guide. A typical stock quote looks like “Sprint = 5.71” in the financial section of your local paper; and the published Canadian Dollar to US Dollar exchange rate looks like 1 US Dollar = .98 Canadian Cents. But the traded currency pair rate we use in the Forex market for the same currency is USD/CAD = 0.9887.

Two main reasons exist for breaking down the unit of currency past the .01 cent level. First - the sheer volume of trading on the currency market. The Forex market trades more money in one day than all the stock markets combined trade in a month. Second - the size of the lots we trade in Forex. Stocks typically trade in 100 share standard lots, whereas one standard lot of a currency pair is 100,000 units of the base currency. A full one cent move on a currency pair is a very large movement when considering the huge amount of money being shifted; hence we need to monitor currency prices down to the sub penny level, usually four decimal places out.

sypres players

Election of NBA in NEPAL

Nepal Basketball Association (NeBA) had decided to hold the election of the central committe on July 7, 2007 saturday. NeBA's executive committe meeting held at the National Sports Council decided to hold the meeting. The meeting also decided to give 4 and 3 voting members to Kathmandu and Lalitpur districts respectively. The meeting also decided to give affiliation to 5 new district basketball associations, naming, Bara, Kanchanpur, Hetauda, Nuwakot and Makawanpur.

NeBA now has 17 district basketball association. NeBA president was absent in the meeting and the meeting was chaired by Vice President Helga Rana Rayamajhi where majority of the executivecommitte members were present.

National Sports council member Vijay Rai, National Sports council sports developent department shief Kamal Khanal and National Sports council legal advisor Om Thapalia were present on the meeting along with the representative of 13 district basketball association. NeBA will be the first sports association to declare the election date after the peoples movement some 1 year ago.

Introduction of president of NBA in nepal.

It is needless to introduce Tendy Sherpa. The famous President of Ascol, FSU, started his career as an elected monitor from Bhanubhakta School. When he joined Ascol in 2045, he was affiliated with left wings student union ANNFSU. Thereafter his golden period of political career as Ascol FSU president (2055-60) itself is a history proved threaten for the opposite. He was central member, secretariat chief of ANNFSU and coordinator of FSU council. He shows his talent even in entertainment field as a popular singer an actor. Tendy is no new face in sports field. He involves in sports especially Table Tennis, Basketball and Karate He is coordinator of college level Karate Association. Before being the president of NBA (Nepal Basketball Association) he was vice-president for a long time. Here is the short interaction with him.

1)How did you become the president of NBA?

=After the formation of Democratic government, National Sports Council announced for the election of every Sports association. So, NBA followed the order of NSC and we become the first elected body from ad-hoc committee.

2)It is alleged that you became president by political force and muscles power?

=It is absolutely wrong. I would have been the president of ad-hoc committee one year before, if I had used political power. I had already been vice-president of NBA. Except ex-president, everybody of previous committee took part in election are in elected committee. We are the first elected committee and other are following us. Whereas the question of muscles power, we can use it positively also. I'm using it to establish system,
law and order to eradicate hooliganism, and vandalism.

Second Unique Basketball Tournament-2006

2006-12-06

Universal School lost to Manjughoksha Academy 21-24, Advanced School lost to Lyceum Model School 7-21 while Jagat Mandir School beat Shridewa School 25-24 in the Second Unique Basketball Tournament-2006 here at the Unique School premises at Kathmandu, Nepal.

Basketball in nepal

Nepal Basketball Association talent hunt to begin

2009-04-24

Nepal Basketball Association will begin it's 2nd Annual talent basketball hunt program program here at Kathmandu, Nepal. Nepal is targeting the players aged below 16 years for the talent hunt program and will provide full scholarship to study in higher secondary level in the top colleges of Nepal. Trinity International College and Xavier International College are supporting Nepal Basketball Association;s project. The talent hunt will begin from 1st May 2009 and will last until 30th July 2009. About 200 young basketball players are expected to take part in the hunt.

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