Monthly Archives: August 2009

Ayurveda Wisdom Series-2

Global Scenario of Ayurveda

• India: Birth place of Ayurveda. Full pledged CAM system recognized by the Government of India and regulated by CCIM, AYUSH and CCRAS, Government bodies. Ayurveda graduation will award BAMS degree (5.5 years course), masters will award MD (Ayu) [3 years] and PhD can be obtained after MD by studying under eligible guideship for a minimum of 2 years. Scope is wide in the field of private practice, hospital practice, teaching, pharmacies, agriculture, spa, wellness center and so on.

• Australia: Australian Traditional Medicine Society (ATMS) is the authority. Australian Association of Ayurveda, Adelaide and SA.

• Russia: Russian Government has recognized Ayurveda as potential system of medicine. NAAMI Ayurveda Medical Centre is a success. Recognized Panchakarma & Ksharasutra.

• Srilanka: Separate National Health Policy for Ayurveda. Qualified practitioners. Ayurveda Universities award BAMS degree.

• Nepal: Govt. recognized Ayurvedic system and has National policy. Recognized degree course in Tribhuvan University Kathmandu.

• Bangladesh: Ayurveda is practiced and taught legally. 5½ years’ graduation course in Dhaka University.

• USA: 47% of the population restored to alternative medicine and amongst them Ayurveda is highly preferred. Medicines used as dietary supplements. California college of Ayurveda- 2 yrs course and recognized officially to practice. In Florida, New Mexico, New York- recognized as herbal practitioners.

• UK / EU countries: Around 150 Ayurvedic doctors are practicing. 2 Ayurveda colleges in London offer BA (Hons.)- 3 years, 1000 hrs classes. Govt. is still hostile to recognize.

• Argentina, Brazil, Republic of Czechoslovakia, Greece, Israel, Netherlands etc- Ayurveda is coming up recently. Graduates of Medicine have PG course to learn the basics of Ayurveda.

• Australia & New Zealand: New Zealand is liberal. Australia is forming laws. The National Academy of Natural Medicine offers diploma in Ayurveda after 4 year medicine course.

• Germany: Greatly aware of Ayurveda. Not allowing to practice. But German doctors are prescribing Ayurvedic medicines and practice Panchakarma after trained in India.

• Italy: The Instituto Italiano di Ayurveda is disseminating the ideals of Ayurveda. But export of medicines and practice is not easy yet.

• Japan: Study, research and practice since 30 years. In 1969, Prof.Hiroshi Maruyama of Osaka Medical College established Society of Ayurveda. The Institute of Traditional Oriental Medicine in Tokyo offers short term Ayurveda course

• Mauritius: Government has recognized and sends students to India to learn Ayurveda.

• Sultanate of Oman: An Ayurveda doctor treated the Sultan of Oman. Being surprised by the efficacy of Ayurveda, the Sultan recognized the system and gave approval for the system. Qualified Ayurveda doctors can practice after passing the local entrance test.

• Hungary: Only European country, which has recognized Ayurveda as medical system. Practitioners are less. But, many foundations and centers are coming up.

• South Africa: Recognized as alternative system of medicine. Has a representation in South African Ayurveda Liaison Committee and also the African Allied Health Professional Act. Many medicines are also exported.

[Based on the information in Ayurvedline, a leading Ayurvedic Therapeutic Index.]

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Ayurveda Wisdom Series-1

What is Ayurveda?

 
Ayu is the Sanskrit term for Life and Veda means wisdom. In a nutshell, it is an art and science about ‘how to live a healthy and happy life’ that too in a natural way.

What is the wisdom in it?

As seen and thought by many, it is not just a massage science or a herbal medicine alone. Ayurveda deals with many other aspects of life which can directly or indirectly influence our health and well being.

Ayurveda has two aims. One is to preserve and promote positive health and the other is to treat diseased person (note that it is not just treating the disease). Hence, it is useful for both healthy and the sick.

Ayurveda teaches about healthy eating, food, cooking, sleep habits, sexual life, pregnancy care, child care, healthy daily routine, seasonal regimen, rejuvenation, natural urges and such many factors for a healthy life and positive health.

On the other hand it also teaches about diseases, their causes, features, herbo-mineral medicines, cleansing procedures, rejuvenating procedures, diet advices, lifestyle advices and so on for a sick person.

A Glance into its History…

Ayurveda was originated in the Himalayas, snow covered mountains in the northern border of India, before 5000 years or more. It is believed to be a divine science given to mankind for the prevention of diseases and betterment of health. Since then, it was the only health care system available for many years and gradually different systems of medicines evolved with or without the influence of Ayurveda.

Ayurveda is mainly based on Atharvaveda and we find such healing practices being mentioned in other Veda’s and other classical texts of Hindu tradition. Probably it was gradually developed by various sages and other herbal healers from villages/forests during those periods and was compiled by various scholars like Charaka, Sushruta, Vagbhata to become a systematic science of healing in the due course.

Somewhere in the mid eras of Ayurvedic propagation, it was suppressed due to colonisation, restrictions on practice, disbelieves and social stigmas and gradually disappeared from public usage. That was when probably, Kerala, a state of India, preserved Ayurveda as a family tradition and developed it by innovations and modifications up to date. Hence, the name ‘Kerala Ayurveda’ is very popular in today’s Ayurvedic world.

Ayurveda Now…

After Indian independence, gradually Ayurveda regained its popularity and developed into an institutional form by the formation of Indian Medical Central Council Act in 1970. Ayurveda underwent standardization and modifications from then to reach the present status.

Ayurveda is gaining popularity and presence at the global level. Now, there are many opportunities to study Ayurveda and become a professional in teaching, training, hospitals, clinics, pharmaceuticals, agriculture, spas and so on based on Ayurvedic certificate or graduation courses. Many universities and colleges in India and abroad, are offering various courses in Ayurveda.

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Pips and spreads

Pips and spreads show the value of a currency pair to the investor and to the broker.

What is a pip?

A pip is a number value. In the Forex market, the value of currency is given in pips. One pip equals 0.0001, two pips equals 0.0002, three pips equals 0.0003 and so on.

One pip is the smallest price change that an exchange rate can make. Most currencies are priced to four numbers after the point. For example, a five pip spread for EUR/USD is 1.2530/1.2535.

In the major currencies, the price of the Japanese yen does not have four numbers after the point. In USD/JPY, the price is only given to two decimal points – so a quote for USD/JPY looks like this: 114.05/114.08. This quote has a three pip spread between the buy and sell price.

What is the spread?

The spread is the difference between the buy (also called bid) price and the sell (also called ask) price. Two prices are given for a currency pair. The spread represents the difference between what the market maker gives to buy from a trader, and what the market maker takes to sell to a trader.

If a trader buys any currency and immediately sells it – and no change in the exchange rate has happened – the trader will lose money. The reason for this is that the bid price is always lower than the ask price.

For example, the EUR/USD bid/ask currency rates at your bank may be 1.2015/1.3015. This represents a spread of 1000 pips. This spread is very high compared to the bid/ask currency rates for online Forex investors, such as 1.2015/1.2020 – a spread of 5 pips.

In general, smaller spreads are better for Forex investors because a smaller movement in exchange rates lets them profit from a trade more easily.

The spread is where the market maker will make their money. See Easy-Forex® trading features for information on our spreads.

Source: Easy Forex

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Forex Market Maker

What is a market maker?

A market maker provides a platform for foreign currency exchange for the customer.

Market makers know the current cost of investing in the market. They study the buy price and the sell price in foreign exchange. Market makers can help customers to reduce the chances of losing money in the market. They are neither an agent nor an intermediary.

Who are the market makers?

Banks or foreign exchange businesses like Easy-Forex® are examples of market makers. They buy and sell finance resources. They do not charge a percentage to serve each customer.

Do market makers go against a customer’s position?

Market makers work with customers. They buy and sell to people who want to enter the market. They always tell customers both rates: the buy rate and the sell rate. Market makers do not advise customers. Market makers do not act for customers. They help because they can give expert information about different finance positions. Market makers have good policy to reduce risk. Authorities guide the way market makers act.

Do market makers and customers have opposite interests?

Market makers always provide the buy price and the sell price. Customers always know both prices. Market makers are neutral. They do not try to increase their profit by decreasing the customer’s profit. The trade process is based on supply and demand.

Who can influence the market?

The forex market is huge, with trillions of dollars transacted daily and a constant online flow of information across the world. This makes it difficult for an individual trader (person or organization) to influence the market. Easy-Forex® gives you access to to this exciting market through its online trading platform.

How does Easy-Forex® make profit?

With foreign exchange, there is a different price to buy and to sell. This difference is called the ‘spread’ and it is where Easy-Forex® earns money, making a small profit on each deal. Accordingly, Easy-Forex® maintains neutrality (as for the direction of any deals made by its clients), since the leading source of its income is in the spreads.

What is the risk for market makers?

Market makers deal with large amounts of finance and trade. They can combine all their client’s money and use banks to reduce risk. This is called hedging their exposure and by combining all the money, they hedge in bulk giving them a much stronger position. Easy-Forex® works within relevant international regulations as well as its own risk management policy. It cooperates with the world’s big banks: UBS (Switzerland) and RBS (Royal Bank of Scotland).

Source: Easy Forex

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