By: Anamika Gupta
Discover How You Can Make Money in the Currency Markets Even If You Know Nothing About Finance
Forex trading is one of the hottest growing money making opportunities that individuals become involved. As more everyday people discover the big money making potential of forex trading, the currency markets grow and grow.Visit Now http://gov-debt-grantbenefit.blogspot.com
Just like transacting in stocks, in the currency markets you need to buy low and sell when it's high. Except in forex trading, currencies are traded rather than stocks. Similar to shares, currency values rise and fall in value each day. It's a very simple idea really. If you purchase a currency when you find it is inexpensive and then trade it when it grows in price, you make a profit.
Although this looks simple in theory, there are many things you must keep in mind before you jump into forex trading. One of the immediate things you'll discover is that there are numerous currency types - it's not realistic to keep track of each currency. Professional traders will focus on just a couple. But, even if you do decide on a few interesting currencies to observe, how do you know when it's the ideal time to make a transaction?
It might sound challenging, but you can pick up currency trading software that will return profits for you. These computer programs the difficulty of analyzing the markets out of currency trading as they use a specially programmed algorithm to analyze the forex markets.. The programs will spot when it's time to purchase and sell, and also which currencies to put money into.
And don't worry about these software being difficult to operate - they are extremely easy. Another useful feature that most programs will have is a demo mode. This allows you to utilize the program without using any of your cash so you can monitor how it performs. This is a good feature, since you do not want to risk cash through currency markets while you're still discovering how to use the software.
You can try the program risk free, since reputable companies will offer a money-back guarantee. This way you can use the software and learn if it's as strong as it promises to be. More importantly, you'll also be able to see if the software provides you with the additional money you're hoping to generate from the markets.
It's natural to be a touch nervous to jump into the currency markets if you are new. That's precisely why a currency trading program can be so helpful. You can rely on the program to help you generate some cash as you learn more about the markets.
As your knowledge of the currency markets grows, you will likely execute trades coming from your own intuitions and also based on what the software gives you. But it's still wise to use a currency trading program even after you're out of the newbie stage. Using a trading program will generate for you some extra cash, and it also helps in giving you knowledge about the markets.Visit Now http://gov-debt-grantbenefit.blogspot.com
Article Source: http://www.articlesbase.com/finance-articles/currency-markets-even-if-you-know-nothing-about-finance-1048206.html
Saturday, July 18, 2009
Friday, July 17, 2009
The Existing Informal Microfinance financial sources
By: R.Yuvarani
The informal financial sources generally include funds available from family sources or local money lenders. The local money lenders charge exhorbitant rates, generally ranging from 36% to 60% interest due to their monopoly in the absence of any other source of credit for non-conventional needs. Chit Funds and Bishis are other forms of credit system operated by groups of people for their mutual benefit which however have their own limitations.
Lately, few of the NGOs engaged in activities related to community mobilisation for their socio-economic development have initiated savings and credit programmes for their target groups. These Community based financial systems (CBFS) can broadly be categorised into two models: Group Based Financial Intermediary and the NGO Linked Financial Intermediary.
Most of the NGOs like SHARAN in Delhi, FEDERATION OF THRIFT AND CREDIT ASSOCIATION (FTCA) in Hyderabad or SPARC in Bombay have adopted the first model where they initiate the groups and provide the necessary management support. Others like SEWA in Ahmedabad or BARODA CITIZEN's COUNCIL in Baroda pertain to the second model.
The experience of these informal intermediaries shows that although the savings of group members, small in nature do not attract high returns, it is still practised due to security reasons and for getting loans at lower rates compared to that available from money lenders. These are short term loans meant for crisis, consumption and income generation needs of the members. The interest rates on such credit are not subsidised and generally range between 12 to 36%. Most of the loans are unsecured. In few cases personal or group guarantees or other collaterals like jewellery is offered as security.
While a census of NGOs in micro-finance is yet to be carried out, there are perhaps 250-300 NGOs, each with 50-100 Self Help Groups (SHG). Few of them, not more than 20-30 NGOs have started forming SHG Federations. There are also agencies which provide bulk funds to the system through NGOs. Thus organisations engaged in micro finance activities in India may be categorised as Wholesalers, NGOs supporting SHG Federations and NGOs directly retailing credit borrowers or groups of borrower.
The Wholesalers will include agencies like NABARD, Rashtriya Mahila Kosh-New Delhi and the Friends of Women's World Banking in Ahmedabad. Few of the NGOs supporting SHG Federations include MYRADA in Bangalore, SEWA in Ahmedabad, PRADAN in Tamilnadu and Bihar, ADITHI in Patna, SPARC in Mumbai, ASSEFA in Madras etc. While few of the NGOs directly retailing credit to Borrowers are SHARE in Hyderabad, ASA in Trichy, RDO Loyalam Bank in Manipur.
Article Source: http://www.articlesbase.com/finance-articles/the-existing-informal-microfinance-financial-sources-1045593.html
The informal financial sources generally include funds available from family sources or local money lenders. The local money lenders charge exhorbitant rates, generally ranging from 36% to 60% interest due to their monopoly in the absence of any other source of credit for non-conventional needs. Chit Funds and Bishis are other forms of credit system operated by groups of people for their mutual benefit which however have their own limitations.
Lately, few of the NGOs engaged in activities related to community mobilisation for their socio-economic development have initiated savings and credit programmes for their target groups. These Community based financial systems (CBFS) can broadly be categorised into two models: Group Based Financial Intermediary and the NGO Linked Financial Intermediary.
Most of the NGOs like SHARAN in Delhi, FEDERATION OF THRIFT AND CREDIT ASSOCIATION (FTCA) in Hyderabad or SPARC in Bombay have adopted the first model where they initiate the groups and provide the necessary management support. Others like SEWA in Ahmedabad or BARODA CITIZEN's COUNCIL in Baroda pertain to the second model.
The experience of these informal intermediaries shows that although the savings of group members, small in nature do not attract high returns, it is still practised due to security reasons and for getting loans at lower rates compared to that available from money lenders. These are short term loans meant for crisis, consumption and income generation needs of the members. The interest rates on such credit are not subsidised and generally range between 12 to 36%. Most of the loans are unsecured. In few cases personal or group guarantees or other collaterals like jewellery is offered as security.
While a census of NGOs in micro-finance is yet to be carried out, there are perhaps 250-300 NGOs, each with 50-100 Self Help Groups (SHG). Few of them, not more than 20-30 NGOs have started forming SHG Federations. There are also agencies which provide bulk funds to the system through NGOs. Thus organisations engaged in micro finance activities in India may be categorised as Wholesalers, NGOs supporting SHG Federations and NGOs directly retailing credit borrowers or groups of borrower.
The Wholesalers will include agencies like NABARD, Rashtriya Mahila Kosh-New Delhi and the Friends of Women's World Banking in Ahmedabad. Few of the NGOs supporting SHG Federations include MYRADA in Bangalore, SEWA in Ahmedabad, PRADAN in Tamilnadu and Bihar, ADITHI in Patna, SPARC in Mumbai, ASSEFA in Madras etc. While few of the NGOs directly retailing credit to Borrowers are SHARE in Hyderabad, ASA in Trichy, RDO Loyalam Bank in Manipur.
Article Source: http://www.articlesbase.com/finance-articles/the-existing-informal-microfinance-financial-sources-1045593.html
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