Purchasing Property in Gurgaon One of the Most Lucrative Business for Investors

Author: Subhash kumar
The city of Gurgaon recognized to be the the fastest emerging metropolitan Indian city and has thus become the hot spot destination in terms of doing numerous investment on the properties. Due to the the rapid advancement in wide variety of sectors the city seems to get aligned with numerous increasing job opportunities thereby resulting to create a massive increase in demand for the human resource. owing to the globalization large number of the MNCs from all across the East and West are thereby seen to opening up the operations in India. These bigwigs are highly preferring to set their base in the city of Gurgaon. This has laid a great impact on the property rates thus allowing to increase at the much fastest rate. With the significant increase in the number of the corporations, the need of the accommodation is thus increasing at the same rate. As a matter of fact in order to cope up with the increasing need, the property over here are known to be available at much varied options like apartments, flats, duplexes and the independent houses.
 It is advisable to buy properties over here, as it is expected that the rates is going to be soaring up in the near future. being at the close proximity to the city of Delhi, it is thus considered to be one of the hotspot destination even for the International buyers. This is thus the basic fact why the rates of the properties are thus skyrocketing. Due to the increasing rates and the capital cost the realty rate thus known to be much more promising against the rate of the Delhi.
 It is thus suggested that buying properties in Gurgaon, can successively derive maximum advantage. Though a certain fall in the price was being noticed, but this was only on the temporarily basis and hence is expected to increase once the economy as the interest rates get settle down. hence, in the next two years over 10,000 new luxury flats are expected to get constructed whereas the developers are thus seen to get an emergence with their numerous mega residential projects having all the basic facilities. All this fact will successively make the real estate scenario of the city even much more attractive. Due to the settlement of numerous MNCs corporate, this city is thereby known to earn the reputation in the northern part of the country. Whereas on the other hand due to the hassle free connectivity as well as excellent transportation system the city is thus known to gain tremendous fame from wide mass of people from all across the countries.
Moreover this city has thus created a special place for itself both in terms of the professional and the personal level. hence seeing all these benefits while investing on the Apartments in Gurgaon, the investors will never think twice as they understand that buying these properties will consider to be the most lucrative investment. The commercial properties in this city is thus known to be falling within the price bracket of Rs. 40 to 50 lacs. A marginal difference was being observed between the residential and the rental sectors where the experts thereby believes that the rates over here are thus escalating up all across the capital and whole NCR region.
Article Source: http://www.articlesbase.com/real-estate-articles/purchasing-property-in-gurgaon-one-of-the-most-lucrative-business-for-investors-6620877.html
About the Author
To book your dream home in golf course extn road gurgaon with very cheap rate. Please log on to www.Proptiger.com.

Investment Manager Selection & Due Diligence Processes

Author: Corliss Group
THE CORLISS GROUP's capability to recognize asset management aptitude in the area of alternative investments has constantly proven our facility to operate within this market area. Candidates are initially sourced out through our network of strategic partners, long-standing relationships and referrals from managers, trading desks, service providers and other potential sources.
The Firm's due diligence process is rigorous and systematic. Due diligence is viewed as a mosaic where qualitative and quantitative information is assembled and analyzed. Issues such as manager reputation, integrity, personal commitment and potential conflicts of interest are meticulously and objectively assessed.
How a manager's firm is organized, staffed and compensated are critically important factors in our assessment. We constantly watch over the manager's investment as well as its organizational skills to determine possible sources of problems.
THE CORLISS GROUP is founded on the distinct mission of serving the growing need for alternative investments among high net-worth and smaller institutional investors in the present dynamic markets. In sourcing equities, hedge fund, private equity, fund-of-funds and real estate ventures, our experienced managers develop offerings that are suitable for a broad range of qualified investors. With an extensive track record across alternative investments, but not limited to these markets, THE CORLISS GROUP has established a broad platform of offerings to provide discriminating investors' growing demands in an increasingly multifaceted investment environment.
The Corliss Group - Who We Are

THE CORLISS GROUP, together with its affiliates, is an independent investment advisory firm specializing in alternative investment strategies. The Firm offers investments managed by private equity, real estate, hedge fund and, fund-of-funds sponsors.

THE CORLISS GROUP offers a broad range of investment deals customized for institutions and qualified private client investors. It distributes offerings through U.S. brokerage firms, private banks, financial planning firms, registered investment advisors and family offices.

THE CORLISS GROUP has a team of founding partners who are well-respected investment professionals with substantial experience across the wide range of alternative investments and traditional asset management.
THE CORLISS GROUP is founded on the distinct mission of serving the growing need for alternative investments among high net-worth and smaller institutional investors in the present dynamic markets. In sourcing equities, hedge fund, private equity, fund-of-funds and real estate ventures, our experienced managers develop offerings that are suitable for a broad range of qualified investors. With an extensive track record across alternative investments, but not limited to these markets, THE CORLISS GROUP has established a broad platform of offerings to provide discriminating investors' growing demands in an increasingly multifaceted investment environment.
Article Source: http://www.articlesbase.com/investing-articles/investment-manager-selection-due-diligence-processes-6621578.html
About the Author

Identity fraud - how to save yourself with these simple steps

Author: Joy Mali
Identity fraud has become a popular item in the news today. It prevalence has grown over the years in time with the advancements in information sharing and exchange platforms over the Internet. This has made it a major financial and legal predicament for a lot of people. The effects of identity fraud have become very severe over the years. It often resulted to years' worth of legal and financial troubles as victims try to recover and fix their records. What making matters worse is that, there is not even a complete piece of legislation governing this matter. Thus, as more and more people get dependent on internet use, a lot of people are put at risk. As people's online activity increases, their level vulnerability in being victims of identity theft also rises. This is when it becomes crucial for people to understand what identity fraud really is and how it can affect their lives. It also becomes very important for them to know practical ways on how they can practice id theft protection on their own.

What is Identity Fraud and its Indicators?

Before discussing identity theft prevention, the first thing you need to understand is what identity fraud is and how it may affect your life. Firstly, identity fraud is a type of crime wherein a culprit steals your personal information, such as credit card information or social security number, for personal gain and fraudulent purposes. Due to the currently loosely regulated access to information over the internet, a lot of scammers are able to get to other people's information illegally. It has become easier for them to retrieve people's personal information either through specialized machines or devices or personally by deception. These scammers could use specially- programmed viruses to access your hard drives, phishing attacks, specialized skimming devices, and misleading online advertisements. And the thing about committing a crime over the internet is that, it offers a high level of anonymity.

The usual signs of identity theft include questionable transactions in your credit card bills, credit card bills that never come, and dubious calls from collection agents informing you of things you never purchased. These are the first few indications that will let you know something must be done.

So, How Can You Protect Yourself?

Being attentive of your personal information is your first line of defense to any form of identity fraud. But aside from this, here are some precautions you may practice in order to help you prevent identity fraud:

1. Get a back-up hard drive for your files– It is not safe to store all your files in one location only. Once a virus attacks your system, everything in your main storage will get infected.

2. Always back-up your file no matter where you keep them– Regardless if you think your email storage is safer, it is always better to keep a back-up somewhere else. Electronic copies are not indestructible. They could get damaged too, or worse, hacked.

3. Be wary and careful in emailing– Malwares are often sent as email attachments. Always be skeptical about weird and questionable attachments. You will also want to be inquisitive of strangers who email you. You would not want to simply give them your social security number just because they tell you that you won something, which requires identity verification.

4. User error can also be detrimental– Always be attentive of what you send and upload online. Click with caution, as there can be no such thing as an accidentally sent social security number to a stranger who is obviously pretending as an IRS employee.

5. Sometimes, it still pays to keep hard copies– Especially with official documents; it helps to have a printed back-up, which should be stored in a secured place.

Aside from these things, there are several identity protection services out there that you can apply for. These will help you protect yourself from frauds more effectively. However, it is also important for you to remember that vigilance and accountability can actually help you big time. As responsible consumer of technology, we need to be responsible of our own assets and information and be mindful of the risks.
Article Source: http://www.articlesbase.com/spam-articles/identity-fraud-how-to-save-yourself-with-these-simple-steps-6605268.html
About the Author
Joy Mali is an active blogger who is fond of sharing interesting finance related articles to encourage people to manage and protect their finances. Know more on the importance of checking your credit score to protect yourself from theft and fraud.

Advantages of Using Joomla

Author: ACESYS

What exactly is Joomla?

                          
Joomla! has become one of the most effective Open Source Content Management Systems on the planet and is used by millions of people globally.
It is a 'free' open source framework and content posting system designed for quickly developing highly interactive multi-language Web sites, social networks, media portals, blogs and eCommerce applications.

Who uses Joomla!...?

                          
Joomla! is used all over the world to power everything from easy, personal homepages to complicated business web applications. Here are just some of the ways this award winning CMS solution is used:

• Business sites or portals
  
• Small business websites
  
• Business intranets and extranets
  
• Institution and church websites
  
• Individual or family homepages
  
• Community-based portals
  
• the possibilities are apparently endless…
  

                                                                                                        
Joomla! can be used to easily handle every element of your website, from including content and images to upgrading a product catalogue, handling credit card payments or taking online reservations.
Below are just some of the exceptional advantages of Joomla.
1.   Fast, safe, and easy editing:

• • Joomla, guarantees the reliability of your data by securing content when someone is modifying – which indicates that no one will be permitted to modify content if that content is currently being edited by someone else.
  • Modifying content with a standard CMS is easy, but Joomla makes it even easier
  • Finally, editing content in Joomla is a breeze – this is because it is easier to locate content in Joomla than in other CMSs and to edit that content.

2.   Powerful and easy menu creation tool: Perhaps the biggest  reason that made Joomla so popular in the CMS world is its easy menu creation tool.

3.   Joomla is generally hosted on a Linux server and is (also typically) served by an Apache web  hosting server – this makes Joomla 100% open source, in its code and its infrastructure.

4.   Built-in caching: Joomla's cache is one of the most important. It makes any Joomla website much faster,and it avoids overloading the server that is hosting the Joomla website.

5.   Built-in basic SEO functionality: Joomla allows you to do the basic SEO yourself – instead of spending money for a consultant or a 3rd party company to do it for you.

6.   Huge library of extensions:Joomla's extensions are free. Paid Joomla extensions are priced very reasonably.

7.   Vast collection of templates: There are so many Joomla templates out there that it's hard for anyone not to find one that suits business.

8.   Frontend editing: We cannot think of many CMSs that allow frontend modifying. Joomla does. Frontend editing means editing content on the website itself.

9.   Free to download, to use, free to upgrade: Joomla is free – period. You download it for free, you use it for free, and you upgrade it for free. You only need to pay for your Joomla website when:

• • You are downloading a paid extension.
  • You are asking a 3rd party company to do some work on your Joomla website – including debugging it, fixing it, and extending it.

10.   Compatible with nearly all browsers: A Joomla website, by default, is compatible with all browsers. Browser interface issues on a Joomla websites are caused by either the template (if it's not developed by the Joomla team) or by non-standard extensions.
The above are just some of the advantages of Joomla templates. There are many more advantages and features. It can be used by any company and people find many benefits from the utilization of this extremely useful device. So, it can be said that using Joomla template development can help in saving money and time but moreover it can give a polished and professional look to your website.
Joomla courses are a great way to improve your Joomla skills whether you are totally new or an experienced to Joomla.
We offers Joomla Training, Joomla Coaching, Joomla CMS Training, Joomla Web Design Coaching.
If you want to learn Joomla then we can help you create a study strategy customized to fit your skills. Don't be shy, we all began from nothing – just contact us and we'll take it from there!
For more details visit us at  http://phptraining.in/training/joomla-training
The writer is an Industry expert with over 6 years of experience in using Joomla and Wordpress CMS. He has built small to large size corporate websites, portals using Wordpress and Joomla. He also offers professional training at his office in Mumbai, India.
Article Source: http://www.articlesbase.com/tutoring-articles/advantages-of-using-joomla-6194170.html
About the Author
We are India based team of IT Professionals.We are determined to make "ACESYS Web Development Training Course" as one of the leading recognised certification for learning PHP and MySQL.We offer an extensive training course in Joomla,Wordpress - World's leading open source CMS(Content Management System).
For more details visit us at http://phptraining.in/training/joomla-training ,
http://acesys.in/

Factors that Determine the Success of Failure of Website

Author: krishgarison
Every time we visit a website, we formulate opinions about the website. For some the opinion is good making us revisit the website, and for others they leave us with bad experience that we never visit again. The opinion is completely based on the end-user. However, there are certain faculties that operate together to deliver the same result. This article would discuss the following factors that would help determine this opinion.

The web development companies have inferred the following factors as the reasons that would influence the viewers of the website. The first is the purpose of the website. This is usually defined by the business itself. The administrators of the website would determine the course of the site, its management, the concluded content, the message to be conveyed to users and everything that is involved with the development and operation of the website. However, it is very common to find that companies rush through the development process thereby overlooking the business objective. If the web developers do not identify the goals, the website would lack direction. The efforts would be wasted and it would fail to make an impact on the audience. The idea is to create a website that would become the consistent source of leads for the service provided by the business. It would also be a channel for communication with the prospect customers. With the set purpose, it would become easy to achieve the business objectives. Acting as a mission statement, it would also set the tone of the activities and thereby help in taking informed decisions.

The second factor that affects the decision of the prospect audience depends on the clarified perception of the website. The website can easily be caught up with features and integrate too many components. The result is an overloaded website that can confuse the users. Any website design company would state that one of the objectives of the website development is that website should have a clarified structure. This factor applies to all kinds of websites. The eCommerce website developed would convey the message to visitors about the new purchase. The blogs would equally define the message across to the readers. The service companies also need to be clarified to put forth the details of services to potential customer. The clarified outlook can be achieved through simplicity. Avoiding the noise would deliver the primary message across easily. This is known as the minimalist design approach.
The third factor is the usability of the website. To accomplish success, the customers should be able to use the same. Whatever is the design applied to the website that would never substantiate the same results if the user cannot access a page. The eCommerce platform needs to have a "Search" option. On the other hand, the blog should be able to convey the information and should have excellent readability and navigation between articles. The people should be able to use the website. This usability depends on the website design. Any website lacking the usability would fail to keep the users engaged in the website. The users are impatient and therefore it is very important that the page be engaging.

The third factor determined by the web development companies is called the accessibility. This is often considered together with the usability features. Any website developed in the similar context would not enforce limitations on its audience. They would be operable in any browser and not exclude the handicapped users.

The next point is concentrating on the customer. With a customer-centric approach, the web development procedure focuses on the end-user so that the delivered product is able to ensure that the customer is engaged on the page. Keeping in mind the requirements of the customer would help in developing a user-centric website. The next factor is navigation. The navigation determines the usability and accessibility of the website. Most of the websites have simplistic navigation that is expected by average users. Blogs have their own system and the trend is presenting navigational structure creates a visually appealing websites.

The last factor that would determine the popularity of the website is its appearance. If the website is not visually appealing, they may lose out on potential customers. The website should impart a positive and professional image of the business. Since the web design trends are constantly changing, it is important that the implemented design and development services should overwhelm the website.
Article Source: http://www.articlesbase.com/web-design-articles/factors-that-determine-the-success-of-failure-of-website-6618574.html
About the Author
Krish Garison works for BrandMantra Solutions, a website design company. All these factors listed by major web development companies ascertain the importance of developing end-user focused solution.

Reverse mortgage companies: Find the Right One

Author: Hudfha
Reverse mortgages are planned by the U.S. Department of Housing and Urban Development (HUD) to help people who are approaching retirement, but either still have a conventional home loan to pay off or require additional sources of tax free income or cash to supplement their financial plans. Thousands of senior citizens are struggling to sustain their property and retirement needs due to shortage of regular income sources and the only asset they have left is their home. In earlier days, selling the property was the only option to consider, but now with the guiding principle of reverse mortgage they have started breathing with ease.
The response that the mortgage companies get from senior citizens is overwhelming and the stats show that the reverse mortgage policy is tremendously accepted throughout the country. This funding decision offers people over the age of 62 with a loan that helps borrowers to convert the home's equity into cash. By doing this, people can pay off their mortgages or cover their regular expenses even if they have limited sources of income. In reality this loan has a policy just the reverse of the traditional home loan payback system. However, unlike typical home equity loans, one needs not to repay the reverse mortgage loan until he or she no longer resides in the house as the primary residence.
What you should not do is go out there and choose any reverse mortgage lender providing any random plan. Selecting the right type of mortgage can mean saving thousands of dollars during the life of the loan. In addition to that, a genuine lender can guide and instruct you through the entire approach so that you have a trouble-free experience.
You may prefer to select a reverse mortgage loan company ahead of choosing the home finance loan or the moment you are crystal clear that this type of property finance loan is exactly what you desire. It's possible you'll even wish to read through some primary specifics of how these mortgages do the job ahead of speaking to a loan provider. Using this method, you may be able to request the mortgage company clarify any concerns you may have.
When hunting for a reverse home loan provider, make sure that the financial institution can provide the Home Equity Conversion Mortgage (HECM) type of home loan. This kind of home loan is insured by the Federal Housing Administration (FHA) and it has boundaries on the amount of you may be charged and presents the ideal premiums. In addition, FHA now requires a counseling session from a third-party, non-bank affiliated counselor who will answer your questions in an objective way. You may also want to take into account a significant loan company. By using a major institution, you're confirmed the staff members have to manage the company's track record. Also, they usually have much better premiums mainly because they earn income by producing significant numbers of loans at smaller sized margins.
Article Source: http://www.articlesbase.com/mortgage-articles/reverse-mortgage-companies-find-the-right-one-6617708.html
About the Author
HUD FHA Reverse Mortgage Resource is equipped with effective home value estimation tools and a free reverse mortgage calculator which provide customized and tailored retirement analysis.For more information, visit: http://www.hudfhareversemortgage.org/

Protect your family members with good "health insurance" plan

Author: thinkbiz
Everyone knows that good health insurance plan is a great way to take care of the medical expenses of your entire family members. With this type of insurance, your entire family members will be able to get high quality services from the trusted and experienced hospitals and their doctors.
 Do you want to get the benefits of good policy? If you are interested in getting the best individual plan for your family members, you need to hire their special services. Even, you have a very healthy family with hardly any serious problems, it is wise to have a good policy for the entire family.
Cheap private family insurance is a type of policy that covers almost all unforeseen expenses you may incur in an emergency situation. Yes..! Everyone knows that one of the most important and basic types of plan is "health policy". In short, when a member of your family is being diagnosed any kind of problem and need a large amount of cash, then this plan bails you out of financial woes.
 Their professionals carefully understand your requirements and provide different plans accordingly. In fact, they concentrate the accurate research in the medical policy market and after that identify the right type of plan for you according to your needs. The professionals of this firm ensure you that all these will easily cover your different purpose, specific needs and meet your expectations. Through their online website, you can easily get the right and update information. They believe that right information is power and they are ready to offer it, explain it each and every affordable health care with good coverage policy and help you decide on the matter.
 Through their online website, you can easily see a list of best and reputed companies with free guide reviewing, prices, top ranking firms, numbers of quotes, ease of use, relevant quotes, score and many more things. They also recommended you good and reputed sites so that you can contact them and get the best plan according to your requirements.
 Individual policy rates are just rising and increasing. If you are looking for cheaper policy with best rates for private health, then there are so many ways to get the best plan within promising time frame. They provide this facility for top five comparison sites including insurance agents.com, eHealth insurance, health compare, health plans of America and health plan one.
Article Source: http://www.articlesbase.com/insurance-articles/protect-your-family-members-with-good-health-insurance-plan-6616966.html
About the Author
For more information about affordable health care with good coverage please visit http://www.medicalhealthinsurancetoday.org/

Tips Before Investing in Real Estate

Author: Guptarealty
2013 is ceasing from all operations and it had been a great year for land contributing. Masters are sure that this change will spill over to 2014. This guaranteeing conjecture gives gurus the required consolation to keep putting resources into this industry -particularly in rentable houses.
Putting resources into land, in general, is remunerating on account of several items. One is the acknowledging quality of the area. Lands expand in quality particularly if the neighborhood around it is being produced -or regardless has plans of improving. Not just that, rentable houses are still sought after at this time. Since the time that the retreat compelled individuals to surrender home proprietorship, they began leasing -giving ascent to the interest for additional rentable houses. It expanded both the interest and the normal rental costs.
Provided that you need to join the rental land moguls, you need to know how the business sector is positioned at this time. With the flat contract rates and intense home costs, home getting is currently something that purchasers can reexamine. That may appear to draw you far from rental venture yet before you withdraw, ponder this. The later retreat taught us to be more wary in our using. Not just that, a great deal of shoppers are still covered in obligation so you can need that home purchasing, however heartened, won't get a quick accompanying. You can unquestionably need that a gigantic part of the business will look after the interest for rental homes in the following not many years. Join that with the high rental costs, you are still bound to appropriate a sizable return of your venture.
Here are more tips that we have for you before you harden your rental venture.
Before all else, you need to discover a great area. In land, area is the crux. To have an acknowledging area, quest for a property that is inside a group with growth arranges. As the neighborhood government enables these advancements, the entire quality of the range acknowledges -incorporating your own particular property. That takes exploration and a legitimate investigation of the neighborhood.
It is additionally perfect to have the property inside scope of your home. That way, you can effectively achieve the premises to keep an eye on your inhabitant or any upkeep needs of the investment property. Not just that, it will be simpler for you to screen how your home is being treated by your inhabitant.
You likewise need to contemplate who you will be focusing as your inhabitant. Preferably, a solitary individual is less demanding to get as an inhabitant in light of the fact that families are normally selecting to purchase their own particular home -and kids could be very ruinous so a few landlords/landladies incline toward childless inhabitants. Then again, a solitary individual may demonstrate to have a higher turnover rate so you need to weigh your necessities.
In conclusion, when you are putting resources into a home, you need to determine you have a relentless pay other than that. There may be occurrences wherein the home is not possessed by an inhabitant so implies you won't get any wages there. It is best to acknowledge this as an optional wellspring of livelihood -unless you have numerous lands furnishing you with salary then again.
Article Source: http://www.articlesbase.com/real-estate-articles/tips-before-investing-in-real-estate-6618425.html
About the Author
Guptarealty.com is a best Real Estate Company In Hyderabad and If you want Real Estate Property Agent In Hyderabad, then Guptarealty.com is perfect place for you to find Property Agent In Hyderabad.  Our projects build according to vaastu  Shastra.

Mixed Market Sentiments for RIL and Reliance Power on NSE

Author: Riya Dutt
It is not unusual to witness selling pressure for a particular stock throughout the week, keeping sentiments bearish. Such a situation seldom negatively affects investor sentiments. Because the investor knows about the volatility of the Indian market and hence the hope of bullish sentiments to follow soon! Come some good news at the global front including strong domestic cues, measures by the RBI, etc. buying goes up. When quarterly results of companies, irrespective of whether good profits or losses are registered, respective shares exhibit mixed results. Consider Reliance Industries on NSE. Before RIL declared its fourth quarterly results ending March 31, 2013, buying pressure was witnessed, leading to the rise of its share price by over 2 percent. Soon after its quarterly results were declared, it slipped by over 3 percent.
Reliance Industries registered a 32 percent YoY increase in its profit, but this second largest company in India by revenue after Indian Oil Corporation, missed revenue growth estimates for the January-March quarter. Its revenue fell to Rs 86618 crore or 1.4 percent triggered by falling oil and gas revenue by nearly 39 percent. Investors may not witness a near-term trigger for Reliance Industries, but can consider long term investment a safe bet. According to the last 52 weeks, RIL stock on NSE was priced highest at Rs. 955 and lowest at Rs. 673.40. Going by analysts' recommendations and projections, the stock falls in the ‘buy' category with target price of Rs 1070 during the next 11 months.
As one of the largest publicly traded companies by market capitalization in India, RIL continues to attract investor confidence. In terms of revenue and profit, it is also the country's second largest private sector company. According to Forbes' survey for the year 2012, RIL ranks 99th on Fortune Global 500 list of the world's biggest corporations.Developing, constructing, and operating power projects in the domestic and international markets, is the forte of Reliance Power.
It is currently handling 13 medium and large-sized power projects along with its subsidiaries; the combined planned installed capacity is estimated at 33,480 MW. Reliance Power on NSE is fluctuating between double digits and triple digits during the last 52 weeks. The difference in price noticed is unlike any other blue chip company. Reliance Power NSE was perched highest at Rs. 111.35 and lowest at Rs. 58.55. Q4 results of Reliance Power did not meet market estimates. Its consolidated net profit was almost flat at Rs 266 crore with income down at Rs 122 crore quarter-on-quarter and Rs 17.1 crore from Rs 120.2 crore, year-on-year.
Article Source: http://www.articlesbase.com/day-trading-articles/mixed-market-sentiments-for-ril-and-reliance-power-on-nse-6614857.html
About the Author
Riya Dutt is an Economics analyst and writes reviews on the Reliance Industries. The above article is about Reliance Power NSE.

A Potted History of Forex

Author: Steven J. Stephens
Forex is the name given to the special marketplace that facilitates the buying and selling of paired foreign currencies. The name itself is an abbreviation of 2 words, the first word being "foreign", and the second word being "exchange".
Before the dawn of the civilized era, long before monetary systems were ever thought of, and long before even bartering came into being, things did not have a value assigned to them other than a degree of ownership desirability. If you wanted something you merely took it, brute force and inconsideration being the rules of the day.
Buying and selling began through the system of barter. With its obvious disadvantage due to its lack of specific monetary units, bartering was soon to be replaced with the earliest monetary systems. The first appeared in 2500 BC, although some sources state it may have been 5000 BC. Suffice it to say that it was a very long time ago
Of course as each country developed in isolation, they each developed their own monetary systems, and it wasn't until 1875, when the "Gold Standard Monetary System" came into being, that a viable system for foreign exchange was born. It was based on the amount of their local currency that any one country assigned to one ounce of gold. This created the opportunity for the price of gold to fluctuate from country to country, in effect creating the first currency exchange system.
The Gold Standard Monetary System stayed in place until the advent of the Second World War, the chaos of which ended the system and instead brought the Bretton Woods system into being, a system which established the US dollar as being the world's reserve currency. This in itself lasted until 1971, when the Forex system, which is still in use today, was launched.
Initially the Forex system was used by countries and companies that specialized in conducting foreign business. But with the explosion of the World Wide Web, by the mid-1990s Forex came to be used by thousands of private individuals who wanted to play the money market.
There are now many specialized Forex brokers (such as Trade Empowered - http://tradeempowered.com) that service the industry, providing the facilities through their specialized software programs to buy and sell paired foreign currencies.
Today's Forex market is worth trillions of dollars. There are 3 sessions throughout a 24 hour day; the Asian session, the European session, and the US session. The market is in effect open to all comers 24 hours per day, and 5 days per week.
Article Source: http://www.articlesbase.com/currency-trading-articles/a-potted-history-of-forex-6616550.html
About the Author
More great ideas for your trading strategies.