Uae forex forum
Uae Benny Jacob, 45, a former electrical forex based forex Dubai, staying calm is the key to trading in foreign currencies. He is a foreign exchange forex trader who speculates on movements in exchange rates, much like others would speculate on movements of stock prices. He often takes advantage of even small fluctuations in exchange rates. Market volatility is where he and the growing band of retail traders make their money. Because forum the unpredictability in currency markets smart forex traders - also called investors - need to have a plan. They need to set a target as to when they want to buy and sell their currency and, more importantly, they must adhere to it. Mr Jacob is among a rising number of retail investors taking up forex trading. It is gaining popularity in the UAE, with brokerages forex a growth in clientele over the past couple of years. As the euro zone, the US and Chinese markets slow and governments try to forum growth forex cash into the economy, some forex traders, who deal with their personal accounts, follow news closely and warn against playing with big money. The uncertainty in the world's largest markets allows forex traders such as Mr Jacob the room for playing around with forex. There are indicators to watch out for, such as Forex Federal Reserve decisions and reports from the European Central Bank traders. Natural disasters, such as the Japanese tsunami and earthquake in March last year, also spark market volatility and generate opportunities to make money. As a result, many retail traders such as Mr Jacob say they would never go back to their day jobs again. Trading gives them cash flow and flexibility. He has been forex trading for two years. His day starts at 2am, checking the Australian dollar and Japanese yen as forex as those markets open. He next checks his positions at 10am when the UK market opens and at 4pm when Wall Street wakes up. With the software available, a forex trader doesn't need to sit in front of the computer all the time. But he or she needs to follow the news, including politics and even the weather to be a good at making money from forex trading. Natallia Razlivanova, the general manager of Alnor Media Group, returned uae forex trading forum year ago. Sometimes it takes 24 hours, sometimes I am scared to go to sleep," she says. Mr Jacob, Mr Lachaux and Ms Razlivanova forum in Dubai this month for the third Arab Forex Championship. It was held in the UAE for the first time and involved about participants, a majority forex whom were amateurs. Of these, the top 15 were selected for awards, based on their profit margins and risk management. For many of them forex trading started as a hobby. The top three traders at the championship will now compete uae a Middle East-wide competition for the title of Best Arab Forex Trader To cut the tension, Mr Lachaux, who got into forex trading to safeguard forum savings from inflation, suggests traders give themselves a safety net to minimise potential losses from uae bets that do not unwind in the right direction. And learn by taking losses," Mr Jacob says. Edit Uae Sign Out. Sunil Sawlani, Mooda Shabani and Benny Jacob compete at the Arab Forex Championship in Dubai last week. Sananda Sahoo September 24, Related Teamwork a must to get familiar with uae exchange trading. So what makes a smart trader? Add your comment View all comments. Russia in threat to hit US jets in Syria. Iraqi PM seeks to boost ties in first visit to Uae. Refugee numbers reached record in New Dubai school with fees of Dh, eyes path forum Cambridge, Oxford and Harvard Tehran equates diplomacy with weakness and inaction Review: EDITOR'S PICKS Full effects of sanctions on Qatar yet to take hold. Tickets for Fifa Club World Cup in UAE go on general sale. Try these forum iftar options packed with vitamins and forum. SPOTLIGHT Regulator bars Emirates from adding new China routes for six months. Switch to Mobile Site About us Contact us Work with us Privacy policy Terms and conditions Advertise with us Subscribe Uae.
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The emphasis has been on providing students with hands-on experience in the design, analysis, and testing of space systems, and to provide students with facilities for experimental research.