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What Is A Good Topic For Persuasive Essay
Friday, September 4, 2020
The Visit free essay sample
The life of Claire Zachanassian of Friedrich Durrenmattââ¬â¢s The Visit is an interminable quest for freedom â⬠she offers the individuals of her downturn stricken old neighborhood one million dollars as an end-result of the demise of her secondary school darling, hero Alfred Ill. Claire accepts that Illââ¬â¢s demise will legitimize an inappropriate she was done such a significant number of years prior when Ill affirmed against her in court and professed to not be the dad of her kid, implicitly condemning her to numerous a year spent in massage parlors. Regardless of how Claire attempts to free herself from an earlier time, in any case, the methods she utilizes so as to free herself wind up harming her just as the individuals who at first smothered her. Since society has for such a long time detained Claire, Claire should at last detain society so as to free herself. The Guellen townspeople are at first shocked at Claireââ¬â¢s offer, the city hall leader gladly disclosing to Claire that ââ¬Å"in the name of all residents of Guellen, I dismiss your offer; and I dismiss it for the sake of mankind. We would prefer to have neediness than blood on our handsâ⬠(Durrenmatt 39). Claire, nonetheless, has an alternate arrangement as a top priority. When Guellenââ¬â¢s specialist and schoolmaster attempt to convince Claire not to request the bleeding cost of Illââ¬â¢s demise as a byproduct of her one million dollar offer, Claire affably however solidly guarantees them that ââ¬Å"the world transformed me into a prostitute, I will transform the world into a brothelâ⬠(67). This is actually what Claire does. Notwithstanding how rebuffed the town is by the unscrupulous terms of the offer, the town individuals at last give in to the point that when they assemble so as to decide on whether to acknowledge Claireââ¬â¢s offer, everything except Ill vote for tolerating it. Claire additionally persuades the townââ¬â¢s athlete to choke Ill, the specialist to analyze this reason for death as a respiratory failure, and the police officer into ââ¬Å"[winking] a visually impaired eyeâ⬠(22) with the goal that her deceptive deed of paying one million dollars for the homicide will go unreported. It is just by compellingly confining the Guelleners from their ethics that Claire can discover opportunity from the detaining past society push onto her such a large number of years prior. This opportunity, be that as it may, comes at a bartering cost. So as to get freedom, Claire detains herself by seeking after a way of life which makes her have ââ¬Å"grown into hellfire itselfâ⬠(29). She goes through her time on earth filling in as a whore, notwithstanding her conviction that ââ¬Å"you ought to consistently satisfy your adolescence dreamsâ⬠(33). Claireââ¬â¢s over-overflowing degree of hatred towards Ill compelling her into turning into a whore makes it profoundly impossible that, as a youngster, Claire longed for turning into a prostitute. Without turning into a whore, nonetheless, Claire wouldnââ¬â¢t have been in the Hamburg massage parlor where her first spouse, ââ¬Å"old Zachanassianâ⬠(29), met her, wedded her, and blessed her with the millions that presently permits her the advantage of bearing the freedom she so wants later on throughout everyday life. While opportunity is normally seen as a positive fulfillment, the methods Claire utilizes so as to free herself detain her in various manners that make the crowd question if the methods taken so as to get this opportunity exceed the alleviation of being freed. Claireââ¬â¢s extreme entryway to freedom â⬠the demise of Alfred Ill must be gotten through detaining herself just as the different Guelleners. Claire expressly tells Guellen, ââ¬Å"Iââ¬â¢m getting myself justiceâ⬠(36) as she takes care of them so as to execute Ill and free herself from quite a while ago. Pay off, constraining somebody to accomplish something as a byproduct of cash, is by all methods detaining. The Guelleners become ready to forfeit their ethics and help during the time spent freeing Claire just at where Claire offers them money related pay. The town, confronting servile dejection, must choose the option to oblige Claireââ¬â¢s proposition â⬠and Claire knows this. She deliberately detains the Guelleners just as Alfred Ill ââ¬terminating a real existence maybe being the most detaining condition a human can dispense upon another living creature â⬠so as to acquire the freedom she has so since quite a while ago wanted. The methods she takes so as to free herself, in any case, additionally detain her own prosperity. With blood on her hands, Claireââ¬â¢s soul is presently anything besides a fresh start and she is rather dependent upon a lifetime of a past causing issues down the road for her. Claire can't make a situation wherein she frees herself without some way or another detaining herself or another person. While Claire eventually and excellently liberates herself from the crooked done to her such a significant number of years prior, the methods it took for her to do so comes at the high cost of deserting her youth dreams to consuming her young grown-up time on earth in massage parlors, living with a homicide on her hands too asâ ending the life of Alfred Ill, and driving the Guelleners to participate in this deadly instance of pay off. Why Claire decides to remain in Guellen and lead the detaining life of a whore is left obscure. She guarantees that ââ¬Å"the judgment of that court made [her] oneâ⬠(38) yet she never expounds in order to clarify why she couldnââ¬â¢t have discove red freedom by leaving Guellen and beginning elsewhere with a spotless record. She appears to acknowledge her supposed detaining destiny without breaking a sweat, enjoy assuming the job of the saint, and utilize these as avocation for executing Ill. Her choice to remain in Guellen causes it to appear as though some proportion of detainment really is fundamental so as to get any proportion of freedom â⬠having the option to get a handle on it without some degree of penance would not bring about real freedom yet rather a fulfillment of a figment of opportunity and equity. The crowd comes to laud Claireââ¬â¢s mission for opportunity and inevitable self-freedom yet all the while disdain the methods she attempts to accomplish these finishes. Durrenmatt doesn't attempt to answer whether it is feasible for a conclusion to legitimize the methods it takes so as to accomplish this end, but instead needs the crowd to think about the significant expenses of freedom and whether opportunity can be viewed as genuinely free.
Tuesday, August 25, 2020
Personality psychology Essays
Character brain science Essays Character brain science Essay Character brain science Essay The profile shows a high undertaking focused individual with a solid capacity to be a group pleaser. The moving character style tutor is essentially cordial making companions effectively and has a high vitality and excitement. (Sq sound. Com/discreteness). He is powerful and imparts well as he motivates others that tail him. He prefers difficulties and doesnt appear to stress a lot of in light of the fact that he is amazingly certain about his capacities. He is a decent mediator, yet not really a decent audience or compromiser. He now and then is the initiator of contentions due to his obstinate and controlling nature. This character doesn't generally tune in to advise and in some cases excuses what he hears. His allure can be his ruin (Carbondale, 2008). Breaking down the (NEFF) M-BET aftereffects of the coach, Joe Butt (2013) portrays this mix character as the kindhearted teacher of mankind. They will in general be enormous talkers, visionaries, and practitioners with a fantastic measure of powerful traits and relational abilities which makes them into incredible potential sales reps. They seem, by all accounts, to be innovative and dependable to complete numerous undertakings without a moment's delay with a lot of vitality and certainty. They like individuals and settle on snappy choices about them and are accessible to any individual who needs them. They eave now and then a delicate mental shell and are in danger of being harmed inwardly. Understudies M-BIT Report The understudies M-BIT report shows that she is an exceptionally mind boggling natural INFO, the defender. In the home she shows persistent, delicate commitment. She is a characteristic nurturer with elevated requirements for her youngsters. She has solid qualities with incredible confidence in her senses and instinct. Having faith in steady development she is a fussbudget who isn't sure she is satisfying her fullest potential. Some of the time she neglects to see the comprehensive view while stretching herself as far as possible. At work she is very innovative preferring workmanship and science ND administration situated callings. As a cautious audience and extrovert, she is delicate to struggle and may get upset and disguise her resentment. The examination of the understudies Disk SIC and M-BIT character reports show fundamentally the same as results. The Disk profile and M-BIT both show the individuals arranged and steady listening characteristics of the understudy. Both demonstrate a longing to empathic and serve mankind. Since the M-BIT is centered around positive characteristics, it is not the same as the Disk profile as it doesn't show the vulnerable sides and the need to make changes in conduct (Collar, 2008, p. 232). The (Discrepancies) expresses that prevailing S listening aptitudes are very sharp without interferences, however Squids. Com/discreteness notice the vulnerable side of getting run over due to the dread of encounter. At the point when the S minute is occupied with a discussion with her l tutor they are probably going to slip into the level mind tango (Petersen, 2007, p. 33). The S/C minute needs to make sure to be increasingly confident while the I/SD needs to stop and seek after explanation. More significant level correspondence interfaces us at a degree of feeling and soul (Petersen, 2007, p. 19). SUMP section 2 Questionnaires Demonstrating Fit In request to show fit to each Disk profile the instructor must know about the voice enunciation, physical stance, eye to eye connection and centered consideration of the direction (Collar, 1997, p. 95). The D character characteristic The high predominant conduct style presents a test in that he/she will in general work in a quick paced way which is absolutely something contrary to the high S instructor. Correspondence with the eager controller is a test for the S instructor until compassion and listening abilities start to rise. By and large patient, accommodating, and discreetly intelligent, the methodology in treatment would be o help the insight to pick an answer centered objective for the current issue. Since Ds learning styles are result arranged it is ideal to move toward them with an organized plan while engaging their controlling nature and assumptions. (Divulgences). The delicate touchy inactive nature Of the S specialist ought not complain while recalling the conceivable vulnerable sides of the D counsel when seen as discourteous, forceful, and inhumane (Squids. Com/discreteness). The character quality - ? The moving and compelling conduct style is normally open to new speculations, thoughts, and ethos of learning. They are carefree and have a limited capacity to focus (Disclosures). Remembering this learning style, the S advisor should endeavor to define great limits in guiding meetings. The general invitingness and active nature of the l counsel and the veritable genuine, mindful, neighborliness of the S guide would appear to be a solid match. Additionally, since the I is a talker and the S is an audience a fitting correspondence technique (game) would be the Talker-Listener Card (Petersen, 2007, p 55). The vulnerable sides of protectiveness and not tuning in to direct present the greatest burglar for the guide. Getting the l to claim his obligation regarding protective conduct and poor listening propensities will be the test for the guide. The S character quality The steady character style of the direction and instructor both ask Hove will we get this issue fathomed? The two of them use how inquiries all the time (Disclosures). Since the two of them work at a consistent pace and are cautious audience members they will move toward the issue in a bit by bit way. The mindful S advocate, mindful of the bloodspots of affectability and benevolent conduct of the S counsel, will deed to delicately gracefully certainty and consolation to empower the guidance to be progressively decisive. A willing understudy the S counsel is extremely responsive to learning, yet prefers to watch procedures first at that point practice. Pretend is a decent technique to use with this customer. The C character characteristic The inner voices care-searcher needs to have an arrangement and plan and asks numerous inquiries encompassing for what good reason questions (Disclosures). They need to hear realities and comprehend. They inquire as to for what reason would it be advisable for us to do this (Disclosures)? The instructor would be insightful to build up a composed arrangement or objective in the treatment break and clarify the motivation behind each progression. Since the C character is the second best audience (Tandem. Com) at that point the affinity between this instructor and the C guidance will be useful up to an organized and exact listening approach is kept up. Activity steps will be important as the issue is talked about as this is a vulnerable side of the C. As opposed to agonizing over what could turn out badly they should push ahead and endeavor dangers to achieve the arrangement for mending (Squids. Com/discreteness). Speaking with a consideration searcher The consideration searcher from the contextual investigation Crossroads picked for assessment and appraisal is Melissa. Melissa was picked on the grounds that as a high SIC advocate her normal inclination to mix in and serve during this emergency contacted a natural line. Melissa shows numerous S character qualities. She is appeared as the consistent solid steady companion, not exclusively to Broody, with whom she has a specific compatibility, yet additionally with the whole family. Melissa shows inclinations Of solid empathy, keen, kind hireling hood and a delicate calm like nearness notwithstanding a shocking catastrophe. She once in a while communicates her own misfortune liking to genuinely and sincerely care for the family in question. She is blew to coexist with each relative effectively and even on occasion delicately defy the D character of Bruce without causing offense. She is faithful to Broody and is incredibly worried for his mending and relationship with Bruce. She is a peacemaker. Since both Melissa and this S advocate are extraordinary audience members showing an incredible bit of leeway in this advising relationship from the beginning. They are both profoundly sympathetic and mindful. The S instructor comprehends that Melissa will tend to over capacity and even penance as she gives consistent kinship and empathy. Managing the loss of her companion will be very agonizing in light of the fact that S characters are incredibly social one on one and make durable profound kinships (Carbondale, 2008). Applying what she has realized with respect to pain and misfortune, the S guide first needs to preclude whether the misery/misfortune has incapacitated into discouragement (Clinton and Hawkins, 2009, p. 130). Melissa needs support to communicate and sympathize with her torment. She ought to be reminded to not endeavor to do excessively and that lamenting requires some investment and is a procedure. Not taking care of her own self-care and not standing up when agony of the loss of her companion overpowers her are Melissa significant vulnerable sides. It will be important to remind Melissa that keeping occupied and offering help and care is a solid activity while understanding that conciliatory providing for the purpose of depletion can likewise cause harm. Interfacing and speaking with a guide This understudies coach has been resolved to be I/SD. The rule characteristic of l shows that this individual is brimming with fun and offers emotions transparently. This guide has a delicate caring side and is commonly enjoyed and prefers individuals. The D attributes show that the coach is progressively happy with guiding individuals ND at that point motivating them to complete things. Clashing with the high S character attribute of this moment is the absence of arrangement on occasion, and the poor listening abilities of the I coach. In any case, both this moment and the guide have S characteristics that show that they care for individuals and want to serve. They likewise have extraordinary thoughtfulness and delicate hearts. The guides high powerful character praises the occasionally timid and held character of the moment. The C character attribute of the moment advisor likes to be progressively sorted out and examine realities and subtleties. This longing s a zone of worry with the moment as Carbondale (2008) makes reference to that the I/SD tutors enthusiasm for social affair realities can here and there bargain qual
Saturday, August 22, 2020
Global Marketing Chapter 1 Notes
Section 1 Global advertising alludes to showcasing exercises that occur across national outskirts and outside of the firmââ¬â¢s home nation Involvement in worldwide promoting doesn't imply that a firm should sell its items in each nation or area of the world Coordination and mix of showcasing methodology with an accentuation on normalization are focal principle of GM Evolution of the conceptDomestic advertising â⬠International deals are coincidental to showcasing procedure Multidomestic promoting â⬠remarkable technique for every nation advertise Global showcasing â⬠Focus now on normalization and worldwide portions Local promoting â⬠Standardization however with an emphasis on the necessities of neighborhood clients ââ¬Å"Glocal Marketingâ⬠mirrors the requirement for balance between worldwide promoting, with an attention on normalization, and nearby promoting, with its emphasis on adjustment to nation contrasts GlobalizationGlobalization alludes to the expande d mix of the worldââ¬â¢s economies. Progressing worldwide mechanical advancement in advertising has direct impact on the proficiency and adequacy of all business exercises. Globalization mirrors a business direction dependent on the conviction that the world is getting increasingly homogeneous and that differentiations between national markets are blurring as well as, for certain items, will in the long run vanish. Types of globalization: Globalization of business sectors versus Globalization of creation Drivers of Globalization Market factors â⬠intermingling of business sectors, dissemination of media transmission and web. Developing # of retailers are currently indicating extraordinary adaptability in their methodologies for entering new geographic markets * Cost factors â⬠maintaining a strategic distance from cost wasteful aspects and duplication of exertion are two of the most impressive globalization drivers. Economies of scale alludes to the decrease in per unit cos t of creation. Economies of degree alludes to diminished expense per unit as the firm spreads its all out expenses over countless brands, product offerings, or target markets. Ecological components â⬠government hindrances have fallen significantly over the most recent quite a while and this has additionally encouraged the globalization of business sectors and the exercises of advertisers inside them. Fast innovative advancement is adding to the procedure. * Competitive variables â⬠to stay serious, the advertiser may must be the first to accomplish something or to have the option to coordinate or pre-empt competitorââ¬â¢s moves. Without a worldwide system, an advertiser may risk seeing deliberately investigated thoughts took out by worldwide players.Market nearness might be important to execute worldwide procedures and to keep others from having undue bit of leeway in unchallenged markets. The counter globalization development The globalization pattern has drawn a consider able amount of pundits throughout the years. Hostile to globalists have communicated worries about the effect of the pattern on poor people, the earth, and on national power. Numerous enemy of globalization fights have turned fierce in the past Opportunities and difficulties in worldwide marketingThe development of worldwide business exercises offers expanded chances. Global exercises can be essential to a firmââ¬â¢s endurance and development. By moving information around the world, a global firm can fabricate and fortify its serious position. What is required is a familiarity with worldwide turns of events, a comprehension of their importance, and an advancement of capacities to acclimate to change. Willing or reluctant, firms are turning out to be members in worldwide business undertakings.
American Writers Essay
Ernest Hemingwayââ¬â¢s composing is among the most conspicuous and powerful exposition of the twentieth century. Numerous pundits accept his style was affected by his days as a whelp journalist for the Kansas City Star, where he needed to depend on short sentences and vivacious English. Hemingwayââ¬â¢s strategy is simple, with plain syntax and effectively available language. His trademark is a spotless style that shuns modifiers and uses short, musical sentences that focus on activity as opposed to reflection. In spite of the fact that his composing is frequently thought of as ââ¬Å"simple,â⬠this speculation couldn't possibly be more off-base. He was an over the top reviser. His work is the consequence of a cautious procedure of choosing just those components fundamental to the story and pruning everything else away. He kept his exposition immediate and unadorned, utilizing a strategy he named the ââ¬Å"iceberg guideline. â⬠In Death in the Afternoon he composed, ââ¬Å"If an essayist of composition thinks enough about what he is expounding on he may exclude things that he knows and the peruser, if the author is composing really enough, will have a sentiment of those things as firmly just as the essayist had expressed them. The nobility of development of the chunk of ice is because of only one-eighth of it being above water. â⬠Hemingway is additionally viewed as an ace of discourse. The discussions between his characters exhibit correspondence as well as its cutoff points. The way Hemingwayââ¬â¢s characters talk is once in a while more significant than what they state, since what they decide to state (or leave implied) enlightens wellsprings of inward clash. At times characters state just what they figure another character will need to hear. To put it plainly, Hemingway catches the intricacy of human communication through nuance and suggestion just as immediate talk. The scholars of Hemingwayââ¬â¢s age are frequently named ââ¬Å"Modernists. â⬠Disillusioned by the enormous number of losses in World War I, they got some distance from the nineteenth-century, Victorian thoughts of profound quality and appropriateness and toward an increasingly existential perspective. Huge numbers of the eraââ¬â¢s most gifted scholars congregated in Paris. Ezra Pound, thought about one of the most huge writers of the Modernist development, advanced Hemingwayââ¬â¢s early work, as did F.à Scott Fitzgerald, who kept in touch with his editorial manager, Maxwell Perkins, on Hemingwayââ¬â¢s benefit. The incredible effect of Hemingwayââ¬â¢s composing on different creators proceeds right up 'til the present time. Essayists as various as Bret Easton Ellis, Chuck Palahniuk, Elmore Leonard, and Hunter S. Thompson have acknowledged him for adding to their styles. Immediate, individual composing loaded with rich symbolism was Hemingwayââ¬â¢s objective. Almost fifty years after his passing, his unmistakable composition is as yet conspicuous by its economy and controlled modest representation of the truth. 18 â⬠¢ THE BIG READ National Endowment for the Arts.
Friday, August 21, 2020
Step to Writting a Good Essay Essays
Venture to Writting a Good Essay Essays Venture to Writting a Good Essay Venture to Writting a Good Essay After choosing the point for my last paper I settled on , Credit scores are a reasonable measure to assist banks with estimating potential hazard. My perspective considering this point is that I will clarify why I concur with the issue at that point follow with supporting realities and subtleties. I will continue to clarify the reasons why moneylenders and banks use scores t assess the hazard. I will show that a great many people which have a rehashed and unacceptable record for the most part, donââ¬â¢t change. I will share data on those with great credit set up and how to look after it. I will show how having fortunate or unfortunate credit influences your day by day living. I will talk about how acknowledge departments come up for financial assessments, where their data originates from, and what to do on the off chance that it isn't right. I will introduce verifiable proof to help my perspectives and assessments. I will start my paper with excitement, and certainty to keep my crowd engaged and intrigued. In my article, I will uncover various issues that can crush your credit. I will give a few approaches to amending your credit. I might want my crowd to comprehend that your credit hugy affects your way of life as well as the economy also. I need the crowd to realize that credit is something that you can point of fact pulverize inside merely weeks or in as meager as a month. I might want my crowd to likewise be educated that it very well may be rectified also, however it is a long and dreary procedure. I will encourage my crowd to understanding the advantages and disadvantages of the two sides of FICO ratings. Having great or reasonable credit is constantly an absolute necessity or an unquestionable requirement attempt to have in this day throughout everyday life. When I conclude my convincing paper, I want to have my crowd in my court, and understanding why it is so basic to have FICO assessments to gauge chance in advance for loan specialists and financiers. Except if you settle your old credit tribulations, it is practically difficult to acquire another credit extension at a sensible financing cost. Individuals need to become cognizant and mindful that having great credit is basic and positive angle throughout everyday life. Potential bosses can even check your credit and FICO ratings. In the event that your credit or FICO assessment is inadequate, at that point it is dubious you will land the position, regardless of whether you are the most ideally equipped individual for the activity or exceptionally qualified because of your credit or credit scoring. Moreover, the vast majority don't understand how their credit can influence their way of life, future riches and prosperity. We as customers should turn out to be increasingly mindful that it is our conduct and choices that we make used to decide our credit value. The truth is that loan specialists have utilized this procedure for a considerable length of time, and I question it will ever change sooner rather than later.
Sunday, August 9, 2020
Online Teaching Resources
Online Teaching Resources Updated on: January 31, 2019 A flexible, remote-work opportunity where you decide where you teach and when you teach. Whether you are a certified teacher looking to make extra money or you are seeking professional development and the opportunity to expand your skill set by virtually teaching ESL to students abroad, online teaching provides a flexible, remote-work opportunity where you decide where you teach and when you teach. We have partnered with VIPKid to bring you the best and most up-to-date resources to get started with online teaching. Here you will find articles about online teaching best practices and models, time-management resources for working remotely, strategies and activities for supporting English Language Learners, and everything else an online teacher needs. TEACHING ESL ONLINE Essay Writing Topics and Prompts ICEBREAKER Get Your Students Talking With ESL Icebreaker Games ESL TEACHING RESOURCE Sheltered Instruction 101 for ESL Teachers ESL ACTIVITY Alphabet Activity for All Levels TEACHING ONLINE FROM HOME Teaching and Tutoring English Online From Home TEACHING ONLINE Advantages and Challenges That You Can Expect PD OPPORTUNITIES Online Teaching Is The PD You Don't Know About Yet ONLINE TEACHING FAQâ"Everything You Want to Know CASE STUDY Innovative Teaching Strategies That Support ELL Success
Wednesday, June 24, 2020
How It Works Before Investing Foreign Exchange Currency Speculation - 1650 Words
How It Works Before Investing: Foreign Exchange Currency Speculation (Case Study Sample) Content: FOREIGN EXCHANGE CURRENCY SPECULATION By: Course: Professorââ¬â¢s Name: University: City: Date: Foreign Exchange Currency Speculation Table of Contents Cover Pageâ⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦.1 Table of Contentsâ⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦..â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦.2 Executive Summaryâ⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦...â⬠¦Ã¢â¬ ¦.3 Introductionâ⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦..â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦.. 3 The Trading Strategyâ⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦..4 The Trade and Risk Management Toolsâ⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦..6 Forward Tradingâ⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦..â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦..â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦..7 Conclusionâ⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦..â⬠¦Ã¢â¬ ¦..â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦..7 Reference Listâ⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢ ⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦..â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦..9 Executive Summary Investors need to take the time to study the foreign exchange market in order to understand how it works before investing. Because it is tricky to understand the movement of the various currencies, it is essential to use the Demo trading account especially when the investor is entering the market for the first time in order to learn the market fully. Traders should also research well about the forex market by reading articles from the numerous websites and eBooks. The major currencies that a trader can invest in order to make profits include the U.S Dollar, Swiss Franc, European Euro, Great Britain Pound, New Zealand Dollar, Australian Dollar, and Japanese Yen. A trader can use the strategy of allocating much of his or her money on either buying or selling the currencies and buy a few commodities when the probability of the commodities to yield good returns seems minimal after studying the market closely. An investor can also engage in forward trading for the purpos es of hedging or speculating. Hedging helps to protect an investor's position from the hostile currency pair movements. Introduction There are numerous traders in the forex market all over the globe because the market allows trading in the currencies of several nations. Investors all over the world sell and buy the currencies over the internet and individuals trade in the comfort of their homes. According to Katusiime, Shamsuddin, and Agbola (2015), the turnover at the forex market is about US$6 trillion each day. The foreign exchange market comprises the commercial corporations, banks, hedge funds, and brokers. The participants can either sell or buy through speculating on the currencies. The foreign exchange market is open Monday to Friday for 24 hours each day and closes on weekends making it 5 days of trading for every week. Chaboud, Chiquoine, Hjalmarsson, and Vega (2014) assert that the huge volumes of trading that happen in the forex market attracts many investors, hence, the market is highly liquid as there is always enough cash. A good investor who trades in the foreign exchange ought to understand the concepts of both hedging and speculation. Evans (2018) defines hedging as the buying or selling at the same time in two different markets while speculation involves the trading in transactions, which are too risky and can lead to the loss of the investor's capital while expecting large profits. This reason made me to use hedging instead of speculation in order to protect my position from the hostile currency pair movements. It is dangerous for an investor to trade in the forex market if he or she does not have the market's information. The Trading Strategy I took much of my time to study the foreign exchange market and comprehend how to trade in a risk-free manner on the easy markets.com. Since, it is tricky to understand the movement of the various currencies, I took about 3 weeks looking at the figures on the easy markets.com. I realized that the pr ofitable currencies do up and down within minutes and even seconds. This unpredictable movement made it even trickier for me to comprehend and decide on which currencies to invest. When I finally decided to trade, I traded in 9 transactions, 2 of which were forward deals and 2 commodities (copper and cotton) both in U.S dollars. I traded 7 currencies which are the U.S Dollar, Swiss Franc, European Euro, Great Britain Pound, New Zealand Dollar, Australian Dollar, and Japanese Yen. My strategy included the allocation of much of my money on either buying or selling the currencies but bought a few commodities because their probability of yielding returns was minimal according to my study over the same period. Since, the New Zealand Dollar seemed to perform better than the rest, I invested the highest amount of my money in it by buying 120,000 NZD using the U.S Dollars. Even the probability of the commodities yielding returns was minimal, I invested in copper and cotton both in U.S doll ars because they were a bit profitable than the rest of the commodities. Most of the other commodities' prices could change within seconds. I traded severally, setting my take profit (TP) levels too close to the buy or sell price and stop loss (SL) levels far from the buy or sell prices in order to play safe. Some of the currencies that seemed profitable could drop as soon as I invested resulting in huge losses but in most cases, I made profits because of the TP and SL levels strategy. I invested in the strong foreign markets which is the reason I invested mostly in European Euros and the US Dollars. According to Hong, Wang, and Kafouros (2015), most overseas markets are strong, hence, can help traders to invest in risk-free strategies. I purchased most of the currencies in US Dollars where their open rates looked attractive like I bought the New Zealand Dollar at 0.6533 and in the combined transaction, I made a profit of AUD$1,421.65. This profit is attributed to the steadiness of currencies such as the New Zealand Dollar and European Euros against the US Dollars. Connolly and Swoboda (2018) assert that when certain currencies are steady against another, traders make good profits from that but individuals should be careful because the steadiness does not last for long. Therefore, the traded pairs can easily come back to their original starting positions and even become weak leading to huge losses. Most of my profits came from my trades in the New Zealand Dollar, which performed better than the rest, which is why I devoted most of my money in buying the NZD using the U.S Dollars. According to Buckley, Clegg, Voss, Cross, Liu, and Zheng (2018), the New Zealand Dollar did well because of the Euro-Zone crisis but benefited the Chinese market and performed better than the European Euro making China to grow. The growth of the Chinese market might be a challenge when the country reduces its international business but the Euro-Zone problems might control any subst antial setback. Therefore, my favorite trade was in the New Zealand Dollar against the U.S Dollars because I made a lot of profits from the pair, as the New Zealand Dollar grew stronger than the other currencies. To me, the market favored the buyers and in the long-term, the traders who are bullish might make good profits by using strategies such as setting the TP levels around the next resistance levels. The Trade and Risk Management Tools To make the profits I used the take profit (TP) and stop losses (SL) levels strategy, which ensured that I played safe and became a bit risk-free. According to Fischbacher, Hoffmann, and Schudy (2017), forex dealers use both the TP and SL levels to protect themselves from the unnecessary financial risks and to make sure that they use the profits that they make in to trade successfully. The forex traders use both the TP and SL levels as orders that they place in the forex market in order to close the positions that are open. It is not wise to ent er a trade without a good risk management strategy, which these two orders become part. Both the TP and SL levels help traders to calculate what they are likely to lose or gain from the trades that they enter. Setting the take profit (TP) levels too close to the buy or sell price ensures that a trader plays safe and is likely to gain faster before the price starts taking the reverse direction. Even though some traders might see the TP levels as not important, they reduce numerous problems that the traders face in order to win. Most forex traders regard the stop loss (SL) levels than the take profit (TP) levels, hence, become more careful when setting them because prices can take a reverse direction as soon as an individual invests, which results in huge losses. Ozturk, Toroslu, and Fidan (2016) assert that the TP and SL levels are important because they stop the forex traders from making choices based on their emotions when entering the trades. Traders in the forex markets fear whe n they make losses and become greedy when they make good profits. This behavior can make those who ...
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