In the July/August issue of the European Travel Commission's newsletter, they highlighted several new and upcoming hotels in Europe. We'll be taking a closer look at some of these hotels this week but we're always interested in hearing your recommendations for hotels in Europe. So send 'em our way.
The Whitepod Hotel is either an igloo in Alps of Switzerland or a private ski resort, depending on how you look at it. Straight from the "hotel" itself:
The result is an exclusive destination with two choices. The solitude of the Whitepod eco camp, for a maximum of 24 guests at any one time. Or climb higher into the mountains to the Whitepod refuge, standing on the edge of our private ski resort.
The pods are an insulated canvas huts that have gas lamps, a wood burning stove to keep you warm and the sheets are apparently organic. There are three different kinds of pods, one which can sleep up to 8 people. Guests can then meet up in the main lodge which houses the dining room, the main room and the spa (showers and saunas.)
Up in the Alpine Refuge, 60 guests can be accommodated in "cosy bedrooms and hip dormitories" ideal for group bookings like corporate retreats or family reunions. If your family is a bunch of outdoor freaks.
Since the hotel is accessible only by snowshoes or skis then that should be your first clue about the activities to do here: ice climbing, snowshoe touring, dogsledding, skating and night skiing, which sounds kinda cool.
Having closed for a while, the Whitepod will open again in December. An Expedition pod starts at 325 Swiss Francs and include morning tea/coffee served in the pod at wake up and afternoon tea and freshly baked cakes in the main lodge. Don't forget your boot warmers
Sunday, October 24, 2010
New Hotel in Europe: Stockholm's Langholmen Prison Hotel on the Island
In the July/August issue of the European Travel Commission's newsletter, they highlighted several new and upcoming hotels in Europe. We'll be taking a closer look at some of these hotels this week but we're always interested in hearing your recommendations for hotels in Europe. So send 'em our way.
This new hotel in Europe is really cool. In the middle of Stockholm, there's a leafy island that used to be home to Sweden's largest prison. But now it's Sweden's newest and funkiest hotel, the Langholmen.
The Langholmen has a bit of everything, including both hotel and hostel style rooms, a conference center, restaurant, and even a beach "just beyond the prison wall". There's also a prison museum that opens every afternoon, with guided tours available in summer. And like many modern-thinking Scandinavian establishments, free Wifi access is available throughout.
As for the hotel rooms, yes, until 1975 they were prison cells, but since then, plenty has changed. While the cell doors still look a touch threatening, inside each cell has been converted into a comfortable single or double room with bathroom. The prison entrance hall is now the reception, and includes a 24-hour cafeteria. And much better service than the prisoners used to experience
This new hotel in Europe is really cool. In the middle of Stockholm, there's a leafy island that used to be home to Sweden's largest prison. But now it's Sweden's newest and funkiest hotel, the Langholmen.
The Langholmen has a bit of everything, including both hotel and hostel style rooms, a conference center, restaurant, and even a beach "just beyond the prison wall". There's also a prison museum that opens every afternoon, with guided tours available in summer. And like many modern-thinking Scandinavian establishments, free Wifi access is available throughout.
As for the hotel rooms, yes, until 1975 they were prison cells, but since then, plenty has changed. While the cell doors still look a touch threatening, inside each cell has been converted into a comfortable single or double room with bathroom. The prison entrance hall is now the reception, and includes a 24-hour cafeteria. And much better service than the prisoners used to experience
One Family's Vacation Home is Another's Hospes Villa Paulita
t seems hard to believe that the new Hospes Villa Paulita on Lake Puigcerda near the Pyrenees mountains in Spain was once simply a family's summer holiday home--style and splendor of this kind is not what we think of when we picture a summer shack by the lake. Now a designer resort, three buildings (one from the nineteenth century, two newer) include 34 rooms and 4 suites, each individually decorated with highlights including stained glass windows, wood beamed ceilings and even antiques that were inherited from that rich family.
The new owners have also added the Bodyna Spa, which includes a pool, fitness center and wet and dry saunas. After you've worked up an appetite here you can dine in Senzone L'Estany, the on site gourmet restaurant. Unfortunately online bookings and room rates are not available yet, but you can't expect a lakeside resort with a view of the mountains to come too cheaply.
The new owners have also added the Bodyna Spa, which includes a pool, fitness center and wet and dry saunas. After you've worked up an appetite here you can dine in Senzone L'Estany, the on site gourmet restaurant. Unfortunately online bookings and room rates are not available yet, but you can't expect a lakeside resort with a view of the mountains to come too cheaply.
Understanding Forex Charts Can Make the Difference
Wouldn’t it be nice if we have a charting system that instead of focusing on the minutes, half-hours, hours, days, and weeks, actually followed and tracked the value by itself? Point-and-figure charts are such charts that do precisely that: they follow the investments.
Point-and-figure charts are charts that follow fluctuations in prices, and not time. Most of the charts are set up on a time scale, and then comparisons are then made between the price as it varies from day to day or hour to hour.
These charts are very different in that can represent any amount of time. There is no set time fixed for each figure. The Movement will only take place when the minimum determined price moves. If the value doesn’t change, then no new markings will appear on the chart.
Now, that when we have understood about FOREX, it’s also necessary for all to know what the different types are of Charts present in it. Generally like other charts, The FOREX charts will have X-Y graph but the time is represented by X-axis & Price by Y axis, thereby showing how the price moves over a period of time.
There are different types of charts; few of those are discussed in brief here.
Line Charts, this type of chart in Forex resembles the closing prices, which is the end price that was recorded for a specific time frame or session.
Bar Chart, All the features present in Line chart are also present in the bar chart except that the construction changes.
The Bar chart consists of two lines instead of one. Here; one vertical line connects the highest price to the lowest price during a particular session. Another Line horizontally connects from the vertical line & move towards the right thus denoting the close. The bar is mostly used in the Forex.
Candlestick Chart, this is an olden technique used by the Japanese & has become popular because the examples shown by candlestick charts have more appeal & the information is easily read. The foundations of a candle stick chart is the Opening & Closing, the high & Low.
We will discuss few methods present in the Candlestick Chart,
Falling Three Methods, this has a bearish type of pattern having a black & long body, three small bodies representing the days & then the fifth day that closes during a low.
Rising Three Methods, this also has a bearish pattern with one long white body, again three small bodies that represent days & lastly the fifth day that closes when it’s low.
Simple Doji, this candlestick pattern forms when the open & close of a Security are assumed equal. The candlestick here will resemble like a plus sign or an inverted cross. Again in Doji, we have two patterns as explained here,
Dragon Fly Doji appears like a long & lower shadow making the candlestick resemble the shape of the Alphabet ‘T’. Another pattern is the Gravestone Doji that resembles an inverted T having an upper shadow.
Hammer, this candlestick has a pattern that shows a small really black body with long & lower shadow. This pattern arises when there is a down or market is hammered.
Harami, this candlestick is formed within the body of an earlier candlestick resembling a pregnant situation.
So, one candle stick looks like having a large body & within that large body, the smaller body is present.
Point-and-figure charts are charts that follow fluctuations in prices, and not time. Most of the charts are set up on a time scale, and then comparisons are then made between the price as it varies from day to day or hour to hour.
These charts are very different in that can represent any amount of time. There is no set time fixed for each figure. The Movement will only take place when the minimum determined price moves. If the value doesn’t change, then no new markings will appear on the chart.
Now, that when we have understood about FOREX, it’s also necessary for all to know what the different types are of Charts present in it. Generally like other charts, The FOREX charts will have X-Y graph but the time is represented by X-axis & Price by Y axis, thereby showing how the price moves over a period of time.
There are different types of charts; few of those are discussed in brief here.
Line Charts, this type of chart in Forex resembles the closing prices, which is the end price that was recorded for a specific time frame or session.
Bar Chart, All the features present in Line chart are also present in the bar chart except that the construction changes.
The Bar chart consists of two lines instead of one. Here; one vertical line connects the highest price to the lowest price during a particular session. Another Line horizontally connects from the vertical line & move towards the right thus denoting the close. The bar is mostly used in the Forex.
Candlestick Chart, this is an olden technique used by the Japanese & has become popular because the examples shown by candlestick charts have more appeal & the information is easily read. The foundations of a candle stick chart is the Opening & Closing, the high & Low.
We will discuss few methods present in the Candlestick Chart,
Falling Three Methods, this has a bearish type of pattern having a black & long body, three small bodies representing the days & then the fifth day that closes during a low.
Rising Three Methods, this also has a bearish pattern with one long white body, again three small bodies that represent days & lastly the fifth day that closes when it’s low.
Simple Doji, this candlestick pattern forms when the open & close of a Security are assumed equal. The candlestick here will resemble like a plus sign or an inverted cross. Again in Doji, we have two patterns as explained here,
Dragon Fly Doji appears like a long & lower shadow making the candlestick resemble the shape of the Alphabet ‘T’. Another pattern is the Gravestone Doji that resembles an inverted T having an upper shadow.
Hammer, this candlestick has a pattern that shows a small really black body with long & lower shadow. This pattern arises when there is a down or market is hammered.
Harami, this candlestick is formed within the body of an earlier candlestick resembling a pregnant situation.
So, one candle stick looks like having a large body & within that large body, the smaller body is present.
Benefits Of FOREX Over Equities & Future Trading
Forex is actually trading of currency and deals in the goods, services and currency trading. Forex trading has gained lots of popularity with the passage of time and lots of people have started joining the trend. This concept of trading is purely based upon investment whether they are big, or small one.
Forex is also said to be the economic indicator of the economy that helps to ascertain the financial scenario of the nation. Also, Forex market is the largest economical and financial market of the world. Its cash capacity is considered even larger than the treasury and equity market.
The trading of currency is the main work involved in this market and thus, great risk factors are also involved with them. It is also said that it reflects the true economic and financial condition of the country in an exact way. Moreover, currency trading also highlights the factors connected with the country assets.
Compared to Equity Trading, the FOREX offers several benefits like,
1. Around the Clock Market, open for 24 hours.
2. Now that is news which all traders mostly like to hear, no time constraints & having a market with flexible to trade any time day or night. Unfortunately such time zone benefit is not present in the Equity market where one has to do trading in specific business hours.
3. Higher trading volume.
4. Larger transactions need a higher trading volume& this advantage is there with FOREX that offers 110 times more trading than the Equity Market.
5. No transaction or commission fees.
6. Did you know that most of those Forex Sites having nil charges when it comes to Transactions or commissions done by the investors or traders. Same is not with Equity trading; the service brokers have to give a commission fee varying from $5 to $100.
Price stability through superior liquidity:
Dealers or traders are more inclined to do the trading at Forex because it’s higher trading volume & this high liquidity ensures price stability in the foreign currency market. When it comes to Equity Trading, the trading volume is much lower which leads to high risk in the liquidity.
Higher leverage:
Compared to any major stock exchange trade markets, Forex provides higher leverage. If the normal leverage in Forex is 100:1 then in Equity it’s much lower that is 2:1. The Traders can do high volumes of trading in Forex markets because of the higher leverage.
Profit Potential:
In Forex, the investors can do trading even during when the market is down or up. Same is not with equity market where one faces few difficulties due to market polices when the market is down.
Now, Compared to Future Trading, the Traders have advantages in FOREX such as:
1. Round the Clock, market trading
2. Forex is a 24 hours trading market whereas Future market is done on certain timing or defined business hours.
3. Superior liquidity
4. Forex is the biggest liquidity market involving high trading volumes & transactions. Future market offers less or limited liquidity to the Traders leading to less trading.
5. Forex uses simple and easy price quotes
6. Forex calculations are very simple to understand whereas other trading involves complications.
7. Forex trading is commission free
8. No Commission fee is charged in Forex, whereas a service fees is charged in Traders in Future trading.
Forex trading is Faster & Accurate:
Speedy transactions with Quality & accuracy are executed only by doing trading in Forex. But, the traders do not experiment the same in Future trading which is not so rapid & is also uncertain.
Forex is also said to be the economic indicator of the economy that helps to ascertain the financial scenario of the nation. Also, Forex market is the largest economical and financial market of the world. Its cash capacity is considered even larger than the treasury and equity market.
The trading of currency is the main work involved in this market and thus, great risk factors are also involved with them. It is also said that it reflects the true economic and financial condition of the country in an exact way. Moreover, currency trading also highlights the factors connected with the country assets.
Compared to Equity Trading, the FOREX offers several benefits like,
1. Around the Clock Market, open for 24 hours.
2. Now that is news which all traders mostly like to hear, no time constraints & having a market with flexible to trade any time day or night. Unfortunately such time zone benefit is not present in the Equity market where one has to do trading in specific business hours.
3. Higher trading volume.
4. Larger transactions need a higher trading volume& this advantage is there with FOREX that offers 110 times more trading than the Equity Market.
5. No transaction or commission fees.
6. Did you know that most of those Forex Sites having nil charges when it comes to Transactions or commissions done by the investors or traders. Same is not with Equity trading; the service brokers have to give a commission fee varying from $5 to $100.
Price stability through superior liquidity:
Dealers or traders are more inclined to do the trading at Forex because it’s higher trading volume & this high liquidity ensures price stability in the foreign currency market. When it comes to Equity Trading, the trading volume is much lower which leads to high risk in the liquidity.
Higher leverage:
Compared to any major stock exchange trade markets, Forex provides higher leverage. If the normal leverage in Forex is 100:1 then in Equity it’s much lower that is 2:1. The Traders can do high volumes of trading in Forex markets because of the higher leverage.
Profit Potential:
In Forex, the investors can do trading even during when the market is down or up. Same is not with equity market where one faces few difficulties due to market polices when the market is down.
Now, Compared to Future Trading, the Traders have advantages in FOREX such as:
1. Round the Clock, market trading
2. Forex is a 24 hours trading market whereas Future market is done on certain timing or defined business hours.
3. Superior liquidity
4. Forex is the biggest liquidity market involving high trading volumes & transactions. Future market offers less or limited liquidity to the Traders leading to less trading.
5. Forex uses simple and easy price quotes
6. Forex calculations are very simple to understand whereas other trading involves complications.
7. Forex trading is commission free
8. No Commission fee is charged in Forex, whereas a service fees is charged in Traders in Future trading.
Forex trading is Faster & Accurate:
Speedy transactions with Quality & accuracy are executed only by doing trading in Forex. But, the traders do not experiment the same in Future trading which is not so rapid & is also uncertain.
Frequently Asked Questions
How to invest in the stock market currency exchange and in the Forex trading guide online?
In securities markets, gain or loss is based on the movements in the price. Investments in foreign currencies are bit different. Small changes as small as a tenth of point can affect your account. For experienced investors, it’s a fun and rewarding experience.
Moreover, foreign exchange markets are more stable than stock trading can that lead to losses in a night. There are advantages in foreign currency like negotiations during ups or downs. With accuracy, investments double soon.
How to trade Forex?
The FX market is complex and requires training and experience to get success. Beginners learn the fundamentals, how it works, the concepts and theories. The lessons are the first step to a dealer, the oldest and the success of dealers. This allows beginners to see the market from different angles and plan their business strategy.
How safe is it to invest in stocks or Forex trading?
The main goal of people is to earn money and draw returns on their investments. Most of them do not have the details on the market for shares, and so were reluctant in this sector to invest. One should know at what time to invest and the time to close. Even the smallest mistake can drain all your investments.
Sometimes even if you have your faith to a broker or consultant in such a facility “prestigious” firms on Wall Street, without a doubt, your money that was invested on stocks considered as a “safe bet”, maybe struggling for their survival.
What is Forex Trading?
FX trading is selling and buying of currency.Forex can be considered as a second job.
WHAT IS FOREX?
Forex, currencies involve transaction of one currency for another. One buys and sells currencies in the hope of a profit if currency value changes in their favor.
How Forex Works?
Transactions in FX are not centralized and trade open 24 hours a day in almost all time zones of the world where there are dealers. Once you have decided that the currency of the investor wants to buy, he or she is with one of these dealers.
How to invest using Automated Forex trading guide online?
The FX is the largest market in the world, trading more than three trillion dollars a day. To gain advantage in the Forex market, purchase automated software Forex PAF that is programmed to maximize the revenue and profit margin.
How to trade Forex successfully?
Forex is a business having profits and risks. It is not located and business located in different places with different people. No one group controls prices of the Forex market.One can use 24 hours a day from anywhere in the world with an Internet connection and reap huge profits.
Why to trade in FX Market?
The most liquid financial market in the world is the foreign exchange market. This includes trade between banks, governments and other financial markets. Individuals can negotiate directly or participate directly through the help of brokers.
How to invest in the stock market and Forex trading guide online?
Forex operates with a volume of more than three billion U.S. Dollar per day. This enables massive liquidity exchange. In the stock market you can create a situation but in foreign exchange market, there is no such situation. You can continue from at any position.
Buying and selling of foreign exchange to an advantage. For investmenting, you must have an online account. Fill out the necessary documents before investing and then start trading these currencies like the French franc, German mark and the Euro dollar.
In securities markets, gain or loss is based on the movements in the price. Investments in foreign currencies are bit different. Small changes as small as a tenth of point can affect your account. For experienced investors, it’s a fun and rewarding experience.
Moreover, foreign exchange markets are more stable than stock trading can that lead to losses in a night. There are advantages in foreign currency like negotiations during ups or downs. With accuracy, investments double soon.
How to trade Forex?
The FX market is complex and requires training and experience to get success. Beginners learn the fundamentals, how it works, the concepts and theories. The lessons are the first step to a dealer, the oldest and the success of dealers. This allows beginners to see the market from different angles and plan their business strategy.
How safe is it to invest in stocks or Forex trading?
The main goal of people is to earn money and draw returns on their investments. Most of them do not have the details on the market for shares, and so were reluctant in this sector to invest. One should know at what time to invest and the time to close. Even the smallest mistake can drain all your investments.
Sometimes even if you have your faith to a broker or consultant in such a facility “prestigious” firms on Wall Street, without a doubt, your money that was invested on stocks considered as a “safe bet”, maybe struggling for their survival.
What is Forex Trading?
FX trading is selling and buying of currency.Forex can be considered as a second job.
WHAT IS FOREX?
Forex, currencies involve transaction of one currency for another. One buys and sells currencies in the hope of a profit if currency value changes in their favor.
How Forex Works?
Transactions in FX are not centralized and trade open 24 hours a day in almost all time zones of the world where there are dealers. Once you have decided that the currency of the investor wants to buy, he or she is with one of these dealers.
How to invest using Automated Forex trading guide online?
The FX is the largest market in the world, trading more than three trillion dollars a day. To gain advantage in the Forex market, purchase automated software Forex PAF that is programmed to maximize the revenue and profit margin.
How to trade Forex successfully?
Forex is a business having profits and risks. It is not located and business located in different places with different people. No one group controls prices of the Forex market.One can use 24 hours a day from anywhere in the world with an Internet connection and reap huge profits.
Why to trade in FX Market?
The most liquid financial market in the world is the foreign exchange market. This includes trade between banks, governments and other financial markets. Individuals can negotiate directly or participate directly through the help of brokers.
How to invest in the stock market and Forex trading guide online?
Forex operates with a volume of more than three billion U.S. Dollar per day. This enables massive liquidity exchange. In the stock market you can create a situation but in foreign exchange market, there is no such situation. You can continue from at any position.
Buying and selling of foreign exchange to an advantage. For investmenting, you must have an online account. Fill out the necessary documents before investing and then start trading these currencies like the French franc, German mark and the Euro dollar.
Few Things to be Known on Forex
Understanding the fundamentals of Forex Trading will help you make a lot of cash in the FX trading market. There are some things that you can do now that will help you gain money. So, what I’m going to do is share some basics of Forex trading. That way, you will be able to make a ton of cash in the FX market.
In a Forex trading venture, the foreknowledge and preparation are the keys to success. Without this, the attempt to make a profitable financial decision can end up in disaster and failure, regardless of your level of confidence and motivation or the amount of money that you planned to invest. Those who were successful in the FX trading market have gone through a trading course to gain the skills and knowledge needed to successfully trade in this large liquid and financial market.
Where is the Forex Market Located?
Forex is not centralized exchange as like Stock and futures market. It is considered interbank market or Over the Counter since transactions are done via telephone or any other electronic network.
Who are the participants in FX Market?
The FX or Forex market has been ruled by Central banks, investment banks & other financial institutions. There has been an addition of money managers, money brokers, traders, MNCs that has increases the percentage of players in the FX Market.
When is the Forex market open for trading?
Open for Trading? Forex is a 24 hour market. The Day for trading starts at Sydney, then leads to Tokyo, London & finally end at New York. The other market is not running round the clock, they have fixed business hours.
Is trading in FX Market expensive?
Well, the answer is a straight No. One can start trading with as low as $250 allowed by most of the brokers.
Define Margin?
Margin in FX Market allows the traders to handle he leverage by a small fraction of the necessary equity that is required to fund the trade. The usual margin allowed in equity market is 50% that enables the investor to have doubled the buying power. Leverage has a range of 1 to 2 % in the Forex market that gives the investors perform active trade.
Explain,’long’ or ’short’ position?
When a trader buys currency at one cost & sells to other at higher price, such situation is called long position. Here the investor benefits a lot due to the rising market. On the other hand, a short position arises when the trader. Sells the currency assuming that it will come down in the future. Here too the investor gets some benefit. In a Forex cycle, every investor passes through the phase of long and short position.
Explain the difference between Overnight position and intraday?
Overnight positions are arisen at the end of trading time & this is normally rolled over to the next trading day by the Forex broker based on the price. Intraday positions arise any time at the opening or closing during any normal trading day.
How to we determine the currency prices?
Varies Economic or political conditions, inflation, interest rates affect the currency prices of a country. Even the government also tries to create an impact on the currency value by flooding the FX market with a lot of domestic currencies that will lead to lowering the price. Such states cause high volatile market.
In a Forex trading venture, the foreknowledge and preparation are the keys to success. Without this, the attempt to make a profitable financial decision can end up in disaster and failure, regardless of your level of confidence and motivation or the amount of money that you planned to invest. Those who were successful in the FX trading market have gone through a trading course to gain the skills and knowledge needed to successfully trade in this large liquid and financial market.
Where is the Forex Market Located?
Forex is not centralized exchange as like Stock and futures market. It is considered interbank market or Over the Counter since transactions are done via telephone or any other electronic network.
Who are the participants in FX Market?
The FX or Forex market has been ruled by Central banks, investment banks & other financial institutions. There has been an addition of money managers, money brokers, traders, MNCs that has increases the percentage of players in the FX Market.
When is the Forex market open for trading?
Open for Trading? Forex is a 24 hour market. The Day for trading starts at Sydney, then leads to Tokyo, London & finally end at New York. The other market is not running round the clock, they have fixed business hours.
Is trading in FX Market expensive?
Well, the answer is a straight No. One can start trading with as low as $250 allowed by most of the brokers.
Define Margin?
Margin in FX Market allows the traders to handle he leverage by a small fraction of the necessary equity that is required to fund the trade. The usual margin allowed in equity market is 50% that enables the investor to have doubled the buying power. Leverage has a range of 1 to 2 % in the Forex market that gives the investors perform active trade.
Explain,’long’ or ’short’ position?
When a trader buys currency at one cost & sells to other at higher price, such situation is called long position. Here the investor benefits a lot due to the rising market. On the other hand, a short position arises when the trader. Sells the currency assuming that it will come down in the future. Here too the investor gets some benefit. In a Forex cycle, every investor passes through the phase of long and short position.
Explain the difference between Overnight position and intraday?
Overnight positions are arisen at the end of trading time & this is normally rolled over to the next trading day by the Forex broker based on the price. Intraday positions arise any time at the opening or closing during any normal trading day.
How to we determine the currency prices?
Varies Economic or political conditions, inflation, interest rates affect the currency prices of a country. Even the government also tries to create an impact on the currency value by flooding the FX market with a lot of domestic currencies that will lead to lowering the price. Such states cause high volatile market.
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