What is FOREX? What Is Forex? The foreign exchange market is the "place" where currencies are traded. Currencies are important to most people around the world, whether they realize it or not, because currencies need to be exchanged in order to conduct foreign trade and business. If you are living in the U.S. and want to buy cheese from France, either you or the company that you buy the cheese from has to pay the French for the cheese in euros (EUR). This means that the U.S. importer would have to exchange the equivalent value of U.S. dollars (USD) into euros. The same goes for traveling. A French tourist in Egypt can't pay in euros to see the pyramids because it's not the locally accepted currency. As such, the tourist has to exchange the euros for the local currency, in this case the Egyptian pound, at the current exchange rate. The need to exchange currencies is the primary reason why the forex market is the largest, most liquid financial market in the world. It dwarfs other markets in size, even the stock market, with an average traded value of around U.S. $2,000 billion per day. (The total volume changes all the time, but as of August 2012, the Bank for International Settlements (BIS) reported that the forex market traded in excess of U.S. $4.9 trillion per day.) One unique aspect of this international market is that there is no central marketplace for foreign exchange. Rather, currency trading is conducted electronically over-the-counter (OTC), which means that all transactions occur via computer networks between traders around the world, rather than on one centralized exchange. The market is open 24 hours a day, five and a half days a week, and currencies are traded worldwide in the major financial centers of London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris and Sydney - across almost every time zone. This means that when the trading day in the U.S. ends, the forex market begins anew in Tokyo and Hong Kong. As such, the forex market can be extremely active any time of the day, with price quotes changing constantly.
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Spot Market and the Forwards and Futures Markets There are actually three ways that institutions, corporations and individuals trade forex: the spot market, the forwards market and the futures market. The forex trading in the spot market always has been the largest market because it is the "underlying" real asset that the forwards and futures markets are based on. In the past, the futures market was the most popular venue for traders because it was available to individual investors for a longer period of time. However, with the advent of electronic trading, the spot market has witnessed a huge surge in activity and now surpasses the futures market as the preferred trading market for individual investors and speculators. When people refer to the forex market, they usually are referring to the spot market. The forwards and futures markets tend to be more popular with companies that need to hedge their foreign exchange risks out to a specific date in the future. What is the spot market? More specifically, the spot market is where currencies are bought and sold according to the current price. That price, determined by supply and demand, is a reflection of many things, including current interest rates, economic performance, sentiment towards ongoing political situations (both locally and internationally), as well as the perception of the future performance of one currency against another. When a deal is finalized, this is known as a "spot deal". It is a bilateral transaction by which one party delivers an agreed-upon currency amount to the counter party and receives a specified amount of another currency at the agreed-upon exchange rate value. After a position is closed, the settlement is in cash. Although the spot market is commonly known as one that deals with transactions in the present (rather than the future), these trades actually take two days for settlement. What are the forwards and futures markets? Unlike the spot market, the forwards and futures markets do not trade actual currencies. Instead they deal in contracts that represent claims to a certain currency type, a specific price per unit and a future date for settlement.
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Both types of contracts are binding and are typically settled for cash for the exchange in question upon expiry, although contracts can also be bought and sold before they expire. The forwards and futures markets can offer protection against risk when trading currencies. Usually, big international corporations use these markets in order to hedge against future exchange rate fluctuations, but speculators take part in these markets as well. (For a more in-depth introduction to futures, see Futures Fundamentals.) Note that you'll see the terms: FX, forex, foreign-exchange market and currency market. These terms are synonymous and all refer to the forex market.
Read more: Forex Tutorial: What is Forex Trading? http://www.investopedia. com/university/forexmarket/forex1.asp#ixzz4xMxMagsx Follow us: Investopedia on Facebook
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Vinny’s Birthday Celebration A legendary music maestro blessed Lapeng Lifestyle on the 2nd of June 2017 as Vinny Da Vinci hosted his Expensive birthday tour. With a stellar line up such as Sir Nova, Dj Sbenga, Dj Thembi , Oscar Mbo, Kat La Kat, Ralf Gum and Dj Ganyani. Sir Nova got set the mood for the evening with his rejuvenating sounds as crowds took to the event, he as followed by Dj Sbenga with his groovy house instincts. Now we have never seen or heard of a woman who can go toe to toe with the big boys in this deep house industry that was until we met Dj Thembi. Boy can that woman get a crowd jamming to her tunes, it was packed when she was on her set we must say she is surely giving the guys a run for their money. The Don, the Big O, Thee Golden boy always has a trick or two up his sleeve and knows what he crowd needs to keep them dancing. Oscar is undoubtedly a force to be reckoned with, his timing is always impeccable when mixing his tracks, Black Coffee better watch out he has some pretty tough competition. Kat La Kat also took to the mixers and delivered a memorable set to keep the crowd awake, Ralf Gum added
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some old school flavour to the evening, taking the crowd back to some memorable times. The hour was upon us which was 2am in the morning when the man of the hour took to the decks, the Godfather of deep house showed the crowd why is called the legend of house music. It was indeed it was an amazing evening; here are some highlights from the event.
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Breast Cancer AWARENESS MONTH Since October is Breast Cancer Awareness Month, we at Dynasty Magazine decided to share
50 things you need to know of Breast Cancer proudly supplied by Women24. 1. One in 26 SA women is likely to get breast cancer across all race groups. White South African women have the highest risk with one in 12 diagnosed positive, while the lifetime risk for coloured and Asian women is one in 18 and the risk for black women is one in 49. 2. "Being diagnosed with breast cancer is not a death sentence." Says Martha Molete, head of Communication and Advocacy at the Cancer Association of South Africa, "With all the advances in science, women today have a better chance of surviving breast cancer. But the key is finding the cancer early." 3. Breast cancer can happen to anyone. While there are women who are at higher risk, it is estimated that three quarters of women who develop breast cancer are not in the high risk category. 4. Breast cancer develops for many reasons, none of which are yet understood. Family history is only one of them and is a relatively minor factor, being seen as significant in only five to 10% of cases 5. Breast cancer is not just a white disease. Although white women have the highest lifetime risk in South Africa, increasing numbers of African women are being diagnosed with breast cancer. Due to increased awareness, more African women are going for treatment but many are presenting themselves at clinics very late, making treatment less successful. 6. Black women have a lower incidence of breast cancer, but their mortality rate is much higher. And the disparity is even more striking in younger black women.
Pre-menopausal black women are twice likely to
mours – a virulent form of – than other women, white.
as get basal-like breast tuparticularly breast cancer either black or
7. Age is the enemy. One of the biggest risk factors for breast cancer, aside from being female, is ageing. A woman of 30 has a one in 6 000 chance of developing breast cancer, but this increases tenfold to one in 600 by the time she is 50. Unfortunately you can't do anything to stop yourself from growing older, but you can keep an eye on the health of your breasts. One woman in eight who live to 85 will develop breast cancer. 8. While breast cancer risk rises with age, breast cancer tends to be more aggressive when it occurs in younger women. One type of breast cancer that is especially aggressive and occurs disproportionately in younger women is inflammatory breast cancer. 9. Women who have not had children have a greater risk of breast cancer. as those who have children late in life, for example after the age of 30.
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10. Breastfeeding reduces your risk.
Breast is best not only for the health of your baby. Studies have shown that women who breastfeed their babies have a lower risk of developing breast cancer later in life.
11. Starting periods young or having a late menopause can also increase your risk.
Onset of the menstrual cycle prior to the age of 12 and menopause after 50, increases the risk of developing breast cancer. This is because high amounts of oestrogen are in your body for longer.
12. Breast cancer is a mystery.
While experts have been able to pinpoint some risk factors, these only account for about 30% of all known causes of breast cancer. The remaining 70% are an unexplained mystery.
13. Breast cancer is many diseases.
What experts once thought was one disease is actually multiple diseases. The good news is that a greater understanding of breast cancer is slowly helping medical doctors to predict who needs more and who needs less treatment.
14. The key to breast cancer survival is early detection, so examine your breasts.
The sooner breast cancer is diagnosed, the better your chances of beating it, so learn to do breast self examinations every month a week after your period.
15. You need to go for regular medical check-ups.
Go for annual medical check-ups with your doctor and ask for a breast examination.
16. The good news
"Death from breast cancer is a tragedy and going for mammograms and regular medical checkups can help detect cancers earlier," says Dr Carol-Ann Benn, head of the Netcare Breast Care Centre of Excellence. "When breast cancer is detected early, before it invades tissues outside the breast, the survival rate is as high as 95%."
17. Even women in their 20s and 30s should have an annual doctor's examination.
It used to be recommended that younger women should be examined by a doctor every two or three years, but with the increase in young breast cancers an annual medical examination and ultrasound is a good idea, says Dr Benn.
18. 70 of all breast cancers are found through self exams,
but not all lumps can be detected through touch alone.
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Screening mammograms have been shown to significantly reduce deaths from breast cancer in women aged 40 to 69. From age 40, you need to have a mammogram every one or two years, and annually after the age of 50.
A biopsy can check the
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Breast cancer is not usually
lump. If a mammogram shows a lump that is concerning, you will be referred for a biopsy. A needle is used to take a sample from the lump which is sent to a lab to see if it contains cancer cells. Although scary, it's a painless procedure.
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Mammograms can detect breast cancer up to two years before it is large enough to be felt. But be warned, this is not a comfortable experience! Your breast is flattened like a pancake between two plates so that X-rays can be taken of the tissue. Technique can help to make it more comfortable, so try and visit a specialist centre.
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A lump is not the only symptom of breast cancer. Lumps are not always bad news and maybe due to a blocked milk duct or a sebaceous cyst, but they should always be checked. Other symptoms include a change in the shape or position of the breast, puckering of the skin which can invert the nipple, a rash on the nipple or discharge from it.
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painful. Most women are not very good about self examination and comfort themselves that a breast cancer lump would hurt, and this is not always so. Early breast cancer shows no symptoms and is not painful, which is why it's important to self examine and have regular check-ups.
24. Myth: Finding a lump in your breast means breast cancer.
The happy news is that eight out of ten lumps are benign not cancerous. Even so every lump should be checked by a physician immediately.
25. Fear should not keep you from checking the state of your health.
Sometimes women avoid having a medical examination because they fear what they might find. But ignorance is not bliss and neither is living in fear. Being vigilant can literally save your life.
26. Treatment can be varied.
Treatment may include surgery, such as a lumpectomy, where the lump is surgically removed, a partial mastectomy which removes part of the breast, or a radical mastectomy, which removes the breast and lymph glands under the arm. This may be accompanied by chemotherapy anti-cancer drugs taken in pills or intravenously in a drip or radiotherapy. Radiotherapy uses electromagnetic currents or waves to penetrate a tumour and kill its cells. Chemotherapy uses a cocktail of drugs to attack and kill tumour cells.
27. Breast cancer can be fatal.
Over 3 000 South African women die from breast cancer each year, but many survive and become role models for other women and other cancer patients.
28. Breast cancer is not your fault.
Some people believe that breast cancer is a punishment, due to witchcraft or past sexual behaviour. Cancer is no one's fault.
29. More people are talking about breast cancer.
Twenty years ago it was taboo to talk about breast cancer. With more high profile people getting breast cancer, more people are able to talk about it and this increases awareness.
30. Know and touch your body from puberty.
In many cultures, it is still difficult to talk about your reproductive parts including your breasts, let alone touch them. We must teach our daughters and nieces to know their bodies and feel their breasts and check them every month from puberty.
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31. You cannot catch breast cancer or transfer it to someone else's body. Breast cancer is the result of uncontrolled cell growth which starts in the breast and cannot be passed on to another person. 32. Two genes, BRCA 1 and BRCA 2, have been linked to hereditary breast cancer, and women in families that have mutations of these genes have a much higher risk of developing breast cancer than women who do not. However not all people who inherit these gene mutations will develop breast cancer. 33. Is it in your family? Breast cancer is seen to be hereditary in only five to 10 percent of cases. To link cancer to your family, an immediate relative needs to have had it and it should be linked to more than three generations.
38. Smoking increases your risk of cervical and other cancers. Although smoking has not been directly linked to breast cancer, smoking decreases your survival chances once you have been diagnosed with breast cancer. 39. Go easy on animal protein. Those with a diet high in animal protein have an increased risk of developing breast cancer. 40. Breast cancer is not exclusively a women's disease. For every 100 women with breast cancer, one man will develop the disease. Due to the stigma, it is difficult for men to talk about it or to go for medical treatment.
34. Breast cancer has plagued women for centuries. Breast cancer is one of the oldest known cancer tumours. Even the ancient Egyptians knew that breast lumps could be dangerous and should be removed. References to breast tumours or ulcers have been recorded on papyrus which dates back to 1600 BC. 35. Myth: mammogram can cause breast cancer to spread. No matter what you may have been told, a mammogram X-ray and the pressure of its machinery on the breast cannot cause cancer to spread. 36. A woman who exercises four hours a week reduces her risk of breast cancer. Exercise pumps up the immune system and cuts your levels of the hormone oestrogen, which can fuel tumour growth. 37. A high-fat diet increases the risk of breast cancer because fat also triggers the oestrogen. Fill your diet with plenty of fruits and vegetables and low-fat nutritious foods.
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41. Humans are not the only mammals prone to breast cancer. The house mouse mus domesticusis prone to breast cancer which is caused by infection by a mammary tumour virus.
toxins and limit your alcohol intake to no more than one drink a day.
48. Exercise is a winner for women getting over breast cancer. Women who do aerobic exercise and resistance train42. Myth: there is a link between the Pill and breast ing enjoy better fitness and quality of life than their cancer. more sedentary counterparts, a new study at a Spanish There have been many studies done on the relationship University has shown. Previous studies had shown between the oral contraceptive pill use and breast can- that cancer survivors can become stronger and less cer, but these have failed to show that there is any real fatigued with aerobic exercise, but now it's been proven link. But it is used to delay pregnancy, which increases that resistance training like chest and shoulder presses, the breast cancer risk. There is a slightly increased stomach crunches and leg and arm curls is very benefirisk of breast cancer for women who have taken birth cial too. control pills uninterrupted for long periods, such as five to ten years. 49. Did you know that breast cancer is the second leading cause of cancer-related death among SA black 43. Hormone Replacement Therapy. women, after cervical cancer and is the leading cancer Women who suffer greatly from the side-effects of killer among white women. menopause often are prescribed hormone replacement therapy. However this does increase your risk of breast 50. Tamoxifen, the pill that can prevent breast cancer in cancer. high-risk women, does not appear to save many lives in the long run, 44. Women in the West are more susceptible to breast according to researchers from the University of Calcancer. ifornia. Tamoxifen, which is the only approved drug In Western societies 60 to 70 women for every 100 for preventing breast cancer in women who haven't 000 develop breast cancer, whereas 25 for every 100 reached menopause, blocks oestrogen which can fuel 000 Asian women do so. However when Japanese or the growth of tumours in some cases. But for women Chinese women move to the USA or Australia for at the low end of the high risk group, the side effects example, the rate rises to that of the West within two outweigh the benefits as it can cause blood clots and generations. This suggests an environmental influence, uterine cancer. such as a high fat diet or alcohol use. Follow Women24 and like them on Facebook. 45. Alcohol plays a role in increasing risk. More than two alcohol units a day increases your risk by 24 46. Being overweight or obese increases your risk. Women who are overweight have an increased risk of cancer, especially breast cancer. This is due to the possible increased levels of oestrogen in overweight women. 47. Drink lots of water and avoid alcohol. Drink plenty of fresh water each day to help flush out
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Lifeasapicture
Music is her Motto she goes by the alias Lifeasapicture she is 16 year old upcoming singer and as some of you have seen in a video we posted of he on the Dynasty Magazine she reached out to our followers and fans. There isn’t much to say about this singing sensation due to contractual dispute with the brand she is associated with she only shared a few details with us but none the less it is amazing to get to know the future stars of the business. She loves singing in her free time to get away from the hustles and bustles of life, and mind you this power house in only in the 11 grade. She also enjoys dancing if you would love to follow her on her musical journey, you can follow her on these socials; Twitter : @lifeasapicture & Instagram: @lifeasapicture. We hope you enjoyed a short segment of our featured artist of the month see you in our next issue
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It’s that time of the year where we scrabble to the shops and get our wires crossed, trying to get ingredients and gifts for the family. YES we are talking about Christmas, and November is upon us which means black Friday is near, now we would like to share some few pointers on how to be the Christmas rush courtesy of Tracy Gold Plan ahead Start making a list a few days in advance of all the items you will need. Make the list comprehensive and don't forget the small things like wrapping paper, tape, cards etc. There is nothing worse than getting through a long day of shopping, only to find that you forgot to buy a present for your mother-in-law. Plan your route Consider which mall will be most likely to have all the items on your list to avoid mall hopping. If that means traveling to a bigger mall outside your area, it may be worth the trip. Determine your shopping times
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Most malls have extended shopping hours during the festive season. I find first thing in the morning (early bird catches the worm) or after 6pm to be the best times to shop. If you are shopping for fresh food, the mornings are best as the shelves may be empty by 6pm. Use the Internet as a tool Most big shopping malls have websites with shop lists and shopping hours. Use these to get the information you need to select the right mall for your purchases. Internet shopping Internet shopping is not as common in South Africa as in other countries, however there are a few sites that offer online services that can make your shopping far more convenient and stress free. www.jump.co.za This site is great if you are comparative shopping or looking for something specific, but not sure where to find it. They list everything from electronics to wine to property. www.exclusivebooks.co.za They have an easy online shopping site and where you can order and collect at your branch option. www.houseoftracygold.co.za For clothing that is designed to make you look fabulous. You can view the comprehensive catalogue of Tracy Gold and HTG Exclusive clothing collections before heading out to the boutique. www.habits.co.za Habits now offers a comprehensive online shopping option. Wear comfy shoes If you are wanting to strut your stuff in stilettos, then accept that your shopping may take a little longer and you will end up with sore feet at the end of the day. If it's worth it, go for it girl. Care for the environment Take along fabric bags for your purchases to avoid having to waste plastic bags. The Woolies fabric bags are my favourite. They are the perfect size and come in funky bright colours. Plan your budget If you plan well, you will get more for your buck than you may think. Planning ahead for your gifts will allow you more time to shop around and look for the best bargain. If time is your biggest concern, be prepared to spend a little more for the convenience. I hope these tips help you take shopping trips in your stride. Don't forget to take a moment to enjoy a great cappuccino and rest your weary feet in between. And remember to spend your money on what makes you and your loved ones feel fabulous! Tracy Gold
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how to succeed in 10 steps 1
. Focus on commitment, not motivation. Just how committed are you to your goal? How important is it for you, and what are you willing to sacrifice in order to achieve it? If you find yourself fully committed, motivation will follow.
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Seek knowledge, not results.
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Make the journey fun.
If you focus on the excitement of discovery, improving, exploring and experimenting, your motivation will always be fueled. If you focus only on results, your motivation will be like weather—it will die the minute you hit a storm. So the key is to focus on the journey, not the destination. Keep thinking about what you are learning along the way and what you can improve.
It’s an awesome game! The minute you make it serious, there’s a big chance it will start carrying a heavy emotional weight and you will lose perspective and become stuck again.
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Get rid of stagnating thoughts.
Thoughts influence feelings and feelings determine how you view your work. You have a lot of thoughts in your head, and you always have a choice of which ones to focus on: the ones that will make you emotionally stuck (fears, doubts) or the ones that will move you forward (excitement, experimenting, trying new things, stepping out of your comfort zone).
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Use your imagination.
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Stop being nice to yourself.
Next step after getting rid of negative thoughts is to use your imagination. When things go well, you are full of positive energy, and when you are experiencing difficulties, you need to be even more energetic. So rename your situation. If you keep repeating I hate my work, guess which feelings those words will evoke? It’s a matter of imagination! You can always find something to learn even from the worst boss in the world at the most boring job. I have a great exercise for you: Just for three days, think and say positive things only. See what happens.
Motivation means action and action brings results. Sometimes your actions fail to bring the results you want. So you prefer to be nice to yourself and not put yourself in a difficult situation. You wait for the perfect timing, for an opportunity, while you drive yourself into stagnation and sometimes even into depression. Get out there, challenge yourself, do something that you want to do even if you are afraid.
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Get rid of distractions.
Meaningless things and distractions will always be in your way, especially those easy, usual things you would rather do instead of focusing on new challenging and meaningful projects. Learn to focus on what is the most important. Write a list of time-wasters and hold yourself accountable to not do them.
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. Don’t rely on others. You should never expect others to do it for you, not even your partner, friend or boss. They are all busy with their own needs. No one will make you happy or achieve your goals for you. It’s all on you.
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Plan.
Know your three steps forward. You do not need more. Fill out your weekly calendar, noting when you will do what and how. When-what-how is important to schedule. Review how each day went by what you learned and revise what you could improve
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Protect yourself from burnout. It’s easy to burn out when you are very motivated. Observe yourself to recognize any signs of tiredness and take time to rest. Your body and mind rest when you schedule relaxation and fun time into your weekly calendar. Do diverse tasks, keep switching between something creative and logical, something physical and still, working alone and with a team. Switch locations. Meditate, or just take deep breaths, close your eyes, or focus on one thing for five minutes.
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