The all-new BMW M4 CSL

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 The all-new BMW M4 CSL: The Legend is Reborn To celebrate their 50th anniversary, BMW  GmbH presented their fans with a special edition car based on the high-performance  models. The new BMW M4 CSL combines old-school racing passion with the latest innovative technology to yield a beast of a car. Competition, Sport, Lightweight. In case you haven't figured out, that's what the CSL stands for. The car posses the next-level power and intelligent lightweight design, model-specific chassis upgrade on the two-seater configuration. The M4 CSL share similar performance specs with the BMW M4 GT3, the M4 CSL clocked the fastest Nurburgring's Nordschleife circuit lap times for a series produced BMW car. The beast boast 3.7 seconds from 0 - 100 km/h, and 10.7 seconds sprint from 0 - 200 km/h! BMW plan to produce a limited 1000 units of the lightweight beast, only weighing 1625 kg, giving it a power-to-weight ratio of 4.01kg/kW. Impressive. Significant amount of weight have been shed
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Beginners Guide to Forex Trading: Part 1

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In this Blog we will introduce beginners to Forex trading. Please note that this is not a financial advice, just an informative Blog.

Introduction

Currency trading, also know as Forex, is the process of buying and selling currency pairs through a broker. All the transactions go though an exchange that facilitates these transactions. In the exchange, at least in the 1980's, the transactions are carried out using United States dollars (USD), even though you can trade pairs like EUR/JPY.

There are pairs known as Major Pairs, these are the mostly traded currency pairs in the world. The FX market is liquid but these pairs are the most liquid pairs as they contribute a large amount of volume linked to economic transactions.

Major Pairs:

EUR/USD

GBP/USD

USD/JPY

USD/CHF

These "major" pairs are known as commodity currency pairs: USD/CAD, AUD/USD, and NZD/USD


Laws of Supply and Demand

Currency pairs are free-floating, meaning that their prices are governed by laws of supply and demand. Periodically, the Central Banks may intervene to control the price, this is usually done if significant price change could result in economic challenges. Supply and demand is affected by country's fundamental environment such as interest rates, productivity and political stability.

The currency pair price is shown as the base pair and the quoted pair. The bid price is the amount in USD to buy 1 EUR, and the ask price is the amount of USD you will buy with 1 EUR. The difference between the bid and ask is called a spread, it is the broker's profit.

Brokers

This is where most people lose it. In South Africa, or any other country for that matter, you need a broker to be able to trade Forex. It is important that you check with the Financial Sector Conduct Authority (FSCA) to ensure that your broker is authorised to offer brokerage. If the broker is not authorised, a lot of horrible things can happen, such as losing ALL your investment. Retail banks are the common brokers but there are private broker houses such as GT247, IG, HotForex, and XM. Ideally, you must choose a broker that has local offices in your country as it will be easy to get assistance should you encounter challenges.

This is just a quick introduction, be sure to follow, more will be added on the topic of Forex Trading.

Location: Pretoria, South Africa

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