Parties to a Cheque
There are 3 parties to a CHEQUE :
1.The person who draws the cheque known as the DRAWER.
2.The DRAWEE on which the cheque is written or the BANK.
3.The PAYEE to whom the amount of the cheque is paid by the bank
Sep 12, 2009
Aug 26, 2009
Why is Forex Trading Popular?
The purpose of Forex Trading is to trade currencies. In this type of trading banks and institutions can easily buy and sell currencies.
In this article, I will mention the facts why it has become popular these days. The main facts are written below.
- It has unique trading volumes. It is related with the changes in economy.
- The Forex market is extremely liquid. The rates are publicized so there is no hide n seek.
- It is a world wide trading market. It is not limited to one or few areas.
- The forex market is open 24 hours a day..
- It is the closest market in accordance to Perfect Competition.
- The size of the market is not limited to a particular number. There are practically millions of traders working and trading.
The popular facts mentioned above are reckoned to be the most convincing when people decide to enter the forex market.
Aug 20, 2009
Foreign Exchange Trading
Nowadays it has become common for anyone who can handle computer softwares to start earning by trading foreign currencies. In the past, it seemed as if it could be done only by people who have the forex 'know how'. But now due to advancement in computer technologies and good trading softwares it has become easy for any one who wants to try his capabilities in forex trading.
The most commonly traded currencies are the U.S Dollar($), Euro, Australian Dollar(AUD), Japanese Yen and the Great Britain Pound. The reason behind this is that these currencies are the most consistent and the most trusted. Trading in these currencies is most profitable and less risk consuming.
Recently, since the start of 21st century, this trading has set its feet in Pakistan and in the South Asian countries. Pakistani people are by nature ambitious and want to get out of their current problems. This is a good way to earn a stable income. Due to the advancement of Computer Knowledge among the people of Pakistan, Forex trading has become a key in people's success.
However, some knowledge is required for starting a forex account. New traders do not start with a regular account. They start with a demo account to evaluate their trading capabilities. Once they feel that they are good enough to trade currencies. They open a regular account by deposit of $10,000 and start their trade.
Aug 16, 2009
The uses of Adversity
A person should never be depressed in difficult circumstances in life. Failures of life are the steps towards the splendid success.
Man is the architect of his own fortune. He works hard for the achievement of better future. If a person is failed in his attempts, he should not be disappointed. He should keep up his struggle. It is certain that he will achieve his ambition. Human life is a circlet of daily life experiences which is fraught with success and failure. Man learns too much from his failures. He learns to avoid ignorance. It brings him glowing success. The feelings of despair and despondance must be ejected from our mind. It is true that perpetual efforts bring fine reward to man. A pessimistic mind can't be a good achiever.
Adversity, failure, despair and desperation are the temporary elements. There is no consistancy in them. Failures of life make a person learn profound experience. When efforts are made in light of past experiences, objectives become easy to achieve.
A person can't achieve his ambition unless he faces the hardships of life with courage. His efforts require spiritual zeal, true emotions, firm will power, hard work and profound patience. This are the fundamentals that generate true determination and optimistic feelings. We must be confident that failures of life are the steps towards the glittering success. For the accomplishment of any task, optimistic approach, self confidence and self reliance are the essential factors.
Aug 15, 2009
Greed is a curse
Since the creation of man, human heart has always been filled with different sorts of desires. It is inscribed in his nature to achieve more and more. It has been a matter of common observation that man is never contented with what he is provided. Beside the spiritual gain, there is also a desire which generates in human heart, the materialistic gain. There is no limit to such materialistic achievements. Love for materialism stains our spirit.
It is a fact that there are countless desires that generate in human heart but they should be fulfilled, following a normal level of preference,and adopting fair means. Excessive materialistic desire in life generates a very strained condition and strain is the cause of profound desperation. Such a person looks dissatisfied. His moral and spiritual graph is very low.
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