Character

Men acquire a particular quality by constantly acting a particular way... you become just by performing just actions, temperate by performing temperate actions, brave by performing brave actions. ~ Aristotle

Tips For Avoiding Excessive Trading

Why do casinos provide the winners and the losers with complimentary goods or services? Because both will continue to gamble more than the average person.

Despite the fact that the odds favor the house, the losers, desperate to recoup their losses, will try to ride out their bad luck by playing through it. The winners, convinced they're in the midst of an unstoppable streak, will try to ride it all the way to the top and invariably give much or all of their gain back to the casino.

Professional trading is nothing like gambling, but many amateur traders act as if it is, and trade excessively for the same reasons as an ordinary gambler. Every active trader should learn to trade, instead of gamble. Here we'll take a look at traders' tendency to trade excessively and examine the way this behavior can affect a portfolio.

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Isle of Man Currency

Currency

The Isle of Man Government issues its own decimal coinage, and currency notes of £50, 20, 10, 5 and 1, and coins of £5, 2 and 1, and 50, 20, 10, 5, 2 and 1 pence, all of which are on a par with the UK equivalents. The coins and notes of England, Scotland and Northern Ireland circulate freely on the island.

sources:

Isle-of-Man

Peso

The peso (Spanish: "weight") is a unit of currency that originated in Spain and is now used by several former Spanish colonies. The peso coin weighed 27 grams and was of 92 percent pure silver.

Today the term peso is sometimes used interchangeably to include the historic Spanish eight real coin (also called the Spanish dollar or colloquially "pieces of eight"), which was the main Spanish coin during colonial times. This is primarily because pesos were of similar weight and diameter to the eight real coin. However the term peso did not appear on Spanish coinage until 1864, and it is more accurate to refer to the older coinage as the eight real coin (or Spanish dollar, or "pieces of eight").

The peseta is also a unit of currency whose name may be a diminutive of peso.

The pataca is a unit of currency which means peso in Portuguese.

source:
http://en.wikipedia.org/wiki/Peso

The Story of Money

A long time ago, before there was any money (coins or paper money), people got the things that they needed by trading or exchanging. Salt was one of the first items used as a valuable to exchange for other items. Later, some of the common things that were used for exchange were tea leaves, shells, feathers, animal teeth, tobacco, and blankets. Around 3000 B.C. (about 5,000 years ago), barley, a type of grain, was used for exchange. Here is a picture of barley:


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List of currencies

Country or territory[1]	Currency[2]	Sign[3]	ISO code[2]	Fractional monetary unit	Number to basic
Abkhazia	Georgian lari	ლ	GEL	Tetri	100
	Russian ruble	р.	RUB	Kopek	100
Afghanistan	Afghan afghani	؋	AFN	Pul	100
Akrotiri and Dhekelia	Cypriot pound[B]	£	CYP	Cent[D]	100
	Euro	€	EUR	Cent	100
Albania	Albanian lek	L	ALL	Qintar	100
Alderney	Alderney pound[A]	£	None	Penny	100
	British pound[C]	£	GBP	Penny	100
	Guernsey pound	£	None	Penny	100
Algeria	Algerian dinar	د.ج	DZD	Centime	100
Andorra	Euro	€	EUR	Cent	100
Angola	Angolan kwanza	Kz	AOA	Cêntimo	100
Anguilla	East Caribbean dollar	$	XCD	Cent	100
Antigua and Barbuda	East Caribbean dollar	$	XCD	Cent	100
Argentina	Argentine peso	$	ARS	Centavo	100
Armenia	Armenian dram	դր.	AMD	Luma	100
Aruba	Aruban florin	ƒ	AWG	Cent	100
Ascension Island	Ascension pound[A]	£	None	Penny	100
	Saint Helenian pound	£	SHP	Penny	100
Australia	Australian dollar	$	AUD	Cent	100
Austria	Euro	€	EUR	Cent	100
Azerbaijan	Azerbaijani manat		AZN	Qəpik	100
Bahamas, The	Bahamian dollar	$	BSD	Cent	100
Bahrain	Bahraini dinar	ب.د	BHD	Fils	1,000
Bangladesh	Bangladeshi taka	৳	BDT	Paisa	100
Barbados	Barbadian dollar	$	BBD	Cent	100
Belarus	Belarusian ruble	Br	BYR	Kapyeyka	100
Belgium	Euro	€	EUR	Cent	100
Belize	Belize dollar	$	BZD	Cent	100
Benin	West African CFA franc	Fr	XOF	Centime	100
Bermuda	Bermudian dollar	$	BMD	Cent	100
Bhutan	Bhutanese ngultrum		BTN	Chertrum	100
	Indian rupee	₨	INR	Paisa	100
Bolivia	Bolivian boliviano	Bs.	BOB	Centavo	100
Bosnia and Herzegovina	Bosnia and Herzegovina convertible mark	KM or КМ	BAM	Fening	100
Botswana	Botswana pula	P	BWP	Thebe	100
Brazil	Brazilian real	R$	BRL	Centavo	100
British Indian Ocean Territory	British pound (de jure)	£	GBP	Penny	100
	United States dollar (de facto)	$	USD	Cent[D]	100
British Virgin Islands	British Virgin Islands dollar[A]	$	None	Cent	100
	United States dollar	$	USD	Cent[D]	100
Brunei	Brunei dollar	$	BND	Sen	100
	Singapore dollar	$	SGD	Cent	100
Bulgaria	Bulgarian lev	лв	BGN	Stotinka	100
Burkina Faso	West African CFA franc	Fr	XOF	Centime	100
Burundi	Burundian franc	Fr	BIF	Centime	100
Cambodia	Cambodian riel	៛	KHR	Sen	100
Cameroon	Central African CFA franc	Fr	XAF	Centime	100
Canada	Canadian dollar	$	CAD	Cent	100
Cape Verde	Cape Verdean escudo	$ or Esc	CVE	Centavo	100
Cayman Islands	Cayman Islands dollar	$	KYD	Cent	100
Central African Republic	Central African CFA franc	Fr	XAF	Centime	100
Chad	Central African CFA franc	Fr	XAF	Centime	100
Chile	Chilean peso	$	CLP	Centavo	100
China, People’s Republic of	Chinese renminbi	¥	CNY	Jiao[E]	10
Cocos (Keeling) Islands	Australian dollar	$	AUD	Cent	100
	Cocos (Keeling) Islands dollar[A]	$	None	Cent	100
Colombia	Colombian peso	$	COP	Centavo	100
Comoros	Comorian franc	Fr	KMF	Centime	100
Congo, Democratic Republic of the	Congolese franc	Fr	CDF	Centime	100
Congo, Republic of the	Central African CFA franc	Fr	XAF	Centime	100
Cook Islands	New Zealand dollar	$	NZD	Cent	100
	Cook Islands dollar	$	None	Cent	100
Costa Rica	Costa Rican colón	₡	CRC	Céntimo	100
Côte d’Ivoire	West African CFA franc	Fr	XOF	Centime	100
Croatia	Croatian kuna	kn	HRK	Lipa	100
Cuba	Cuban convertible peso	$	CUC	Centavo	100
	Cuban peso	$	CUP	Centavo	100
Cyprus	Cypriot pound[B]	£	CYP	Cent[D]	100
	Euro	€	EUR	Cent	100
Czech Republic	Czech koruna	Kč	CZK	Haléř	100
Denmark	Danish krone	kr	DKK	Øre	100
Djibouti	Djiboutian franc	Fr	DJF	Centime	100
Dominica	East Caribbean dollar	$	XCD	Cent	100
Dominican Republic	Dominican peso	$	DOP	Centavo	100
East Timor	United States dollar	$	USD	Cent[D]	100
	None	None	None	Centavo	None
Ecuador	United States dollar	$	USD	Cent[D]	100
	None	None	None	Centavo	None
Egypt	Egyptian pound	£ or ج.م	EGP	Piastre[F]	100
El Salvador	Salvadoran colón	₡	SVC	Centavo	100
	United States Dollar	$	USD	Cent[D]	100
Equatorial Guinea	Central African CFA franc	Fr	XAF	Centime	100
Eritrea	Eritrean nakfa	Nfk	ERN	Cent	100
Estonia	Estonian kroon	KR	EEK	Sent	100
Ethiopia	Ethiopian birr		ETB	Santim	100
Falkland Islands	Falkland pound	£	FKP	Penny	100
Faroe Islands	Danish krone	kr	DKK	Øre	100
	Faroese króna	kr	None	Oyra	100
Fiji	Fijian dollar	$	FJD	Cent	100
Finland	Euro	€	EUR	Cent	100
France	Euro	€	EUR	Cent	100
French Polynesia	CFP franc	Fr	XPF	Centime	100
Gabon	Central African CFA franc	Fr	XAF	Centime	100
Gambia, The	Gambian dalasi	D	GMD	Butut	100
Georgia	Georgian lari	ლ	GEL	Tetri	100
Germany	Euro	€	EUR	Cent	100
Ghana	Ghanaian cedi	₵	GHC	Pesewa	100
Gibraltar	Gibraltar pound	£	GIP	Penny	100
Greece	Euro	€	EUR	Cent	100
Grenada	East Caribbean dollar	$	XCD	Cent	100
Guatemala	Guatemalan quetzal	Q	GTQ	Centavo	100
Guernsey	British pound[C]	£	GBP	Penny	100
	Guernsey pound	£	None	Penny	100
Guinea	Guinean franc	Fr	GNF	Centime	100
Guinea-Bissau	West African CFA franc	Fr	XOF	Centime	100
Guyana	Guyanese dollar	$	GYD	Cent	100
Haiti	Haitian gourde	G	HTG	Centime	100
Honduras	Honduran lempira	L	HNL	Centavo	100
Hong Kong	Hong Kong dollar	$	HKD	Ho[G]	10
Hungary	Hungarian forint	Ft	HUF	Fillér	100
Iceland	Icelandic króna	kr	ISK	Eyrir	100
India	Indian rupee	₨	INR	Paisa	100
Indonesia	Indonesian rupiah	Rp	IDR	Sen	100
Iran	Iranian rial	﷼	IRR	Dinar	100
Iraq	Iraqi dinar	ع.د	IQD	Fils	1,000
Ireland	Euro	€	EUR	Cent	100
Isle of Man	British pound[C]	£	GBP	Penny	100
	Manx pound	£	None	Penny	100
Israel	Israeli new sheqel	₪	ILS	New agora	100
Italy	Euro	€	EUR	Cent	100
Jamaica	Jamaican dollar	$	JMD	Cent	100
Japan	Japanese yen	¥	JPY	Sen[H]	100
Jersey	British pound[C]	£	GBP	Penny	100
	Jersey pound	£	None	Penny	100
Jordan	Jordanian dinar	د.ا	JOD	Piastre[I]	100
Kazakhstan	Kazakhstani tenge	〒	KZT	Tiyn	100
Kenya	Kenyan shilling	Sh	KES	Cent	100
Kiribati	Australian dollar	$	AUD	Cent	100
	Kiribati dollar[A]	$	None	Cent	100
Korea, North	North Korean won	₩	KPW	Chŏn	100
Korea, South	South Korean won	₩	KRW	Jeon	100
Kosovo	Euro	€	EUR	Cent	100
	Serbian dinar	din. or дин.	RSD	Para	100
Kuwait	Kuwaiti dinar	د.ك	KWD	Fils	1,000
Kyrgyzstan	Kyrgyzstani som		KGS	Tyiyn	100
Laos	Lao kip	₭	LAK	Att	100
Latvia	Latvian lats	Ls	LVL	Santīms	100
Lebanon	Lebanese lira	ل.ل	LBP	Piastre	100
Lesotho	Lesotho loti	L	LSL	Sente	100
	South African rand	R	ZAR	Cent	100
Liberia	Liberian dollar	$	LRD	Cent	100
Libya	Libyan dinar	ل.د	LYD	Dirham	1,000
Liechtenstein	Swiss franc	Fr	CHF	Rappen	100
Lithuania	Lithuanian litas	Lt	LTL	Centas	100
Luxembourg	Euro	€	EUR	Cent	100
Macau	Macanese pataca	P	MOP	Avo	100
Macedonia, Republic of	Macedonian denar	ден	MKD	Deni	100
Madagascar	Malagasy ariary		MGA	Iraimbilanja	5
Malawi	Malawian kwacha	MK	MWK	Tambala	100
Malaysia	Malaysian ringgit	RM	MYR	Sen	100
Maldives	Maldivian rufiyaa	ރ.	MVR	Laari	100
Mali	West African CFA franc	Fr	XOF	Centime	100
Malta	Euro	€	EUR	Cent	100
	Maltese lira[B]	₤	MTL	Cent[D]	100
Marshall Islands	United States dollar	$	USD	Cent[D]	100
Mauritania	Mauritanian ouguiya	UM	MRO	Khoums	5
Mauritius	Mauritian rupee	₨	MUR	Cent	100
Mexico	Mexican peso	$	MXN	Centavo	100
Micronesia	Micronesian dollar[A]	$	None	Cent	100
	United States dollar	$	USD	Cent[D]	100
Moldova	Moldovan leu	L	MDL	Ban	100
Monaco	Euro	€	EUR	Cent	100
Mongolia	Mongolian tögrög	₮	MNT	Möngö	100
Montenegro	Euro	€	EUR	Cent	100
Montserrat	East Caribbean dollar	$	XCD	Cent	100
Morocco	Moroccan dirham	د.م.	MAD	Centime	100
Mozambique	Mozambican metical	MTn	MZN	Centavo	100
Myanmar	Myanmar kyat	K	MMK	Pya	100
Nagorno-Karabakh	Armenian dram	դր.	AMD	Luma	100
	Nagorno-Karabakh dram[A]	դր.	None	Luma	100
Namibia	Namibian dollar	$	NAD	Cent	100
	South African rand	R	ZAR	Cent	100
Nauru	Australian dollar	$	AUD	Cent	100
	Nauruan dollar[A]	$	None	Cent	100
Nepal	Nepalese rupee	₨	NPR	Paisa	100
Netherlands	Euro	€	EUR	Cent	100
Netherlands Antilles	Netherlands Antillean gulden	ƒ	ANG	Cent	100
New Caledonia	CFP franc	Fr	XPF	Centime	100
New Zealand	New Zealand dollar	$	NZD	Cent	100
Nicaragua	Nicaraguan córdoba	C$	NIO	Centavo	100
Niger	West African CFA franc	Fr	XOF	Centime	100
Nigeria	Nigerian naira	₦	NGN	Kobo	100
Niue	New Zealand dollar	$	NZD	Cent	100
	Niuean dollar[A]	$	None	Cent	100
Northern Cyprus	Turkish new lira	₤	TRY	New kuruş	100
Northern Mariana Islands	Northern Mariana Islands dollar[A]	$	None	Cent	100
	United States dollar	$	USD	Cent[D]	100
Norway	Norwegian krone	kr	NOK	Øre	100
Oman	Omani rial	ر.ع.	OMR	Baisa	1,000
Pakistan	Pakistani rupee	₨	PKR	Paisa	100
Palau	Palauan dollar[A]	$	None	Cent	100
	United States dollar	$	USD	Cent[D]	100
Palestine	Israeli new sheqel	₪	ILS	New agora	100
	Jordanian dinar	د.ا	JOD	Piastre[I]	100
Panama	Panamanian balboa	B/.	PAB	Centésimo	100
	United States dollar	$	USD	Cent[D]	100
Papua New Guinea	Papua New Guinean kina	K	PGK	Toea	100
Paraguay	Paraguayan guaraní	₲	PYG	Céntimo	100
Peru	Peruvian nuevo sol	S/.	PEN	Céntimo	100
Philippines	Philippine peso	₱	PHP	Sentimo	100
Pitcairn Islands	New Zealand dollar	$	NZD	Cent	100
Poland	Polish złoty	zł	PLN	Grosz	100
Portugal	Euro	€	EUR	Cent	100
Qatar	Qatari riyal	ر.ق	QAR	Dirham	100
Romania	Romanian leu	L	RON	Ban	100
Russia	Russian ruble	руб.	RUB	Kopek	100
Rwanda	Rwandan franc	Fr	RWF	Centime	100
Saint Helena	Saint Helenian pound	£	SHP	Penny	100
Saint Kitts and Nevis	East Caribbean dollar	$	XCD	Cent	100
Saint Lucia	East Caribbean dollar	$	XCD	Cent	100
Saint Vincent and the Grenadines	East Caribbean dollar	$	XCD	Cent	100
Samoa	Samoan tala	T	WST	Sene	100
San Marino	Euro	€	EUR	Cent	100
São Tomé and Príncipe	São Tomé and Príncipe dobra	Db	STD	Cêntimo	100
Saudi Arabia	Saudi riyal	ر.س	SAR	Hallallah	100
Senegal	West African CFA franc	Fr	XOF	Centime	100
Serbia	Serbian dinar	din. or дин.	RSD	Para	100
Seychelles	Seychellois rupee	₨	SCR	Cent	100
Sierra Leone	Sierra Leonean leone	Le	SLL	Cent	100
Singapore	Brunei dollar	$	BND	Sen	100
	Singapore dollar	$	SGD	Cent	100
Slovakia	Slovak koruna	Sk	SKK	Halier	100
Slovenia	Euro	€	EUR	Cent	100
Solomon Islands	Solomon Islands dollar	$	SBD	Cent	100
Somalia	Somali shilling	Sh	SOS	Cent	100
Somaliland	Somaliland shilling	Sh	None	Cent	100
South Africa	South African rand	R	ZAR	Cent	100
South Georgia and the South Sandwich Islands	British pound	£	GBP	Penny	100
	South Georgia and the South Sandwich Islands pound[A]	£	None	Penny	100
South Ossetia	Georgian lari	ლ	GEL	Tetri	100
	Russian ruble	р.	RUB	Kopek	100
Spain	Euro	€	EUR	Cent	100
Sri Lanka	Sri Lankan rupee	ரூ	LKR	Cent	100
Sudan	Sudanese pound	£	SDG	Piastre	100
Suriname	Surinamese dollar	$	SRD	Cent	100
Swaziland	Swazi lilangeni	L	SZL	Cent	100
Sweden	Swedish krona	kr	SEK	Öre	100
Switzerland	Swiss franc	Fr	CHF	Rappen[J]	100
Syria	Syrian pound	£ or ل.س	SYP	Piastre	100
Taiwan (Republic of China)	New Taiwan dollar	$	TWD	Cent	100
Tajikistan	Tajikistani somoni	ЅМ	TJS	Diram	100
Tanzania	Tanzanian shilling	Sh	TZS	Cent	100
Thailand	Thai baht	฿	THB	Satang	100
Togo	West African CFA franc	Fr	XOF	Centime	100
Tonga	Tongan paʻanga	T$	TOP	Seniti[K]	100
Transnistria	Transnistrian ruble	р.	None	Kopek	100
Trinidad and Tobago	Trinidad and Tobago dollar	$	TTD	Cent	100
Tristan da Cunha	Saint Helenian pound	£	SHP	Penny	100
	Tristan da Cunha pound[A]	£	None	Penny	100
Tunisia	Tunisian dinar	د.ت	TND	Millime	1,000
Turkey	Turkish new lira	₤	TRY	New kuruş	100
Turkmenistan	Turkmenistani manat	m	TMM	Tennesi	100
Turks and Caicos Islands	United States dollar	$	USD	Cent[D]	100
Tuvalu	Australian dollar	$	AUD	Cent	100
	Tuvaluan dollar	$	None	Cent	100
Uganda	Ugandan shilling	Sh	UGX	Cent	100
Ukraine	Ukrainian hryvnia	₴	UAH	Kopiyka	100
United Arab Emirates	United Arab Emirates dirham	د.إ	AED	Fils	100
United Kingdom	British pound[C]	£	GBP	Penny	100
United States	United States dollar	$	USD	Cent[D]	100
Uruguay	Uruguayan peso	$	UYU	Centésimo	100
Uzbekistan	Uzbekistani som		UZS	Tiyin	100
Vanuatu	Vanuatu vatu	Vt	VUV	None	None
Vatican City	Euro	€	EUR	Cent	100
Venezuela	Venezuelan bolívar	Bs F	VEF	Céntimo	100
Vietnam	Vietnamese đồng	₫	VND	Hào[L]	10
Wallis and Futuna	CFP franc	Fr	XPF	Centime	100
Western Sahara	Moroccan dirham	د.م.	MAD	Centime	100
Yemen	Yemeni rial	﷼	YER	Fils	100
Zambia	Zambian kwacha	ZK	ZMK	Ngwee	100
Zimbabwe	Zimbabwean dollar	$	ZWD	Cent	100

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