A Cultural Portrait of Wuhan

At the first sight, Wuhan appears to be disorganized. The buildings are crammed together without any semblance of order and the roads twist and turn throughout the city according to no pattern known to man. Wuhan might not be an ideal place to learn Chinese in China. Wuhan has a very atypical geography. The Yangtze and Han River run through the city and the roads follow their winding paths which are rarely along straight trajectories. Besides,there are over one hundred lakes within the city limits and a number ofmountains. None of the buildings quite follow any very strict code.

The Yangtze and Han rivers separate Wuhan into three boroughs: Hankou, Wuchang and Hanyang. Hankou is the traditional financial and commercial center of the city and has one of the most important docks on the Yangtze River. In 1861, the British, German, Russian, French and Japanese Concessions were established there. At the beginning of the 20^th century, banks and major companies from around the world were concentrated in Hankou and it became the 2^ndlargest financial center in the country. It became known as ‘the Chicago of the East’. Hanheng street and Jiqing street are two must-see places in Hankou. Hanzheng Street is the site of the wholesale markets. The low prices and fashionable products draw people to the area in droves. That’s where you can experience a cab ride in local ‘numbing’ cabs. These rickety cars shake so hard they cause your entire body to go numb. Jiqing Street is fairly quiet during the daytime but, in the evening, it’s a whole different world. Some of Wuhan’s best snack stands are concentrated along the street, and it’s often the site of strange but interesting art performances. Wuchang is the cultural center. TheYellow Crane Tower is a city landmark and has been around for over 1,700 years. Some of the most beautiful poems in Chinese history were written there. Hanyang is an important industrial center that was established around the end of the 19^thcentury. During turmoil and constant warfare that dominated the first half ofthe 20^th century, almost every soldier in China carried a rifle madein Hanyang.

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In onlineforex trading, newcomers are not usually ready to begin trading immediately, because they lack the experience and knowledge required to avoid making losses. Forex brokers are very aware of this and have made provision for novice investors to practice trading through dummy or trial accounts.

There are many benefits for a newcomer to work initially through the demo forex account offered by most forex brokers. These include;

1. A realistic live system, but using fake money.
2. The system provides a trading platform for the trainee to become familiar with forex trade.
3. The new investor can become accustomed to looking at forex rates, currency converters, various charts and see how it all works.
4. The investor is in no risk of losing money while using the dummy forex account.
5. The trainee investor will gain vital experience, which will help once the decision is made to go live into forex online.

The trainee account can also help the forex exchange traders to judge whether the system is suitable to your trading and easy to use or not.

The investor should be aware that the demo systems that are offered by some brokers do not operate in the same manner as the brokers live system. When going live the forex exchange market will not take into account that the investor is a newcomer and mistakes cannot be corrected.

There are also several pitfalls in using a demo forex account that the newcomer should be aware of and can therefore avoid, as follows;

1. Not all trial trading forex accounts work the same once the investor goes live.
2. It is human to take more risks when you know the money being used is fake.
3. That the transition from using fake money can translate into bad habits when moving to using live or real money. This lack of discipline can cause the investor to lose money.
4. A newcomer may be inclined to disregard the opportunity to check how well the brokers system works and may look at using a dummy forex account as a waste of time.

Online forex trading for the inexperienced investor is full of risk. To minimise this risk newbie investors should learn forex trading by using a demo forex account in order to gain experience. While doing this, check the forex exchange broker’s trading platform and systems to see either they are compatible with your objectives or not.