Forex Glossary

Account - a special account with the company staff by a client. This account is used to offset the obligations for the customer and the dealer as a result of transactions under this Agreement.

The story - a complete list of transactions and non-commercial operations of an accounting of certain transactions.

Account Currency - the currency in which the deposit / withdrawal operations are performed.

Advisor - a management algorithm trading account in the form of a program developed by MetaQuotes Language 4 which sends requests and commands to the server via the client terminal (platform).

Balance - the total financial result of all transactions executed entirely and deposits / withdrawals to / from an account.

Base currency - currency of account balances, payments and commissions are appointed and calculated.

Broker - the company that provides credit and dealer support.

Bull market - a market that tends toward growth rates.

Bulls - traders who rely on escalating rates.

Customer - person or entity to perform with the company.

Client log file - file created by the client terminal, which records all requests and commands sent by the customer to a dealer with an accuracy of 1 second.

Client Terminal - Terminal Client - MetaTrader 4 or 5 software product that allows customers to obtain information on the financial markets operate in real time mode (the volume defined by the company), perform a technical analysis of markets, to exploit to adjust / change / cancel orders and receive messages from the retailer and the company too.

Transaction was completed - consists of two opposing business transactions in comparable quantities (position of opening and closing): acquisition, followed by the sale or the sale followed by the purchase.

Contract specifications - general business conditions (such as diffusion, lot size, a minimum volume of business, increase business volume, the initial margin, margin block, etc.) for each instrument.

Currency pair - the two currencies that make up an exchange rate, for example, EUR / USD.

Trading - does not change.

Handling Centre - company that provides access to money.

Developer - "MetaQuotes Software Corp." is a trading platform developer.

Equity - the secure part of the account, including open positions, which is associated with balance and the floating rate (profit / loss) by the following formula: Balance + swap +, ie the client funds account, the lower is the current loss of open positions and the current profit on open positions.

Figure - price change of 100 pips. For example, change the price of the EUR / USD from 1.3770 to 1.3870 - it means that the increase in number.

Circumstances of force majeure - events that could not be predicted or prevented. These include: natural disasters, wars, acts of terrorism, government action, act of the executive and legislative power of the state, hacker attacks and other illegal acts to the server.

Free margin - defines behalf of the State. Calculated using the formula: Equity - Margin = margin free.

Protection - action that protects an asset or liability against the change in the exchange rate.

Initial margin - the funds needed by the company include maintenance jobs.

Intraday trading - profit-oriented business in a day.

Lot size - a quantity of base currency of a party that is specified in the contract.

Margin - The required equity that an investor has deposited collateral position is equivalent to 1% (when the lever = 1:100) is open for filing.

Margin level - that determines the statement. Calculated using the following formula: (Equity / Margin) * 100%.

Trading margin - with money borrowed to buy stocks with the expectation of increasing their profits. Margin trading can bring high returns, but it is also risky.

The opening of the market - the market after the opening weekend, holiday or after the mid-term trading sessions.

Price difference of market opening - one of the following:

- Provides market opening quote is higher than the market closing quotation request;

- Open Market Quote quoteBid to Ask is under foreclosure.

Market makers - the big banks and financial companies have committed to provide liquidity to accept the other side of a trade in an exchange contract, security or in the future.

Non-market activities - deposit and withdraw funds from customer accounts, or credit.

In normal market conditions - the condition of the market that meets the following requirements:

- The lack of significant breaks in the estimation trading platform;

- No rush price dynamics;

- No significant price gap.

Manifest error - open / close positions client or performing customer order at a price that differs significantly from the average for each instrument in the current quote at the time of treatment. Or other activity or inactivity distributor, dealing with the erroneous finding of market prices at present.

Open position - is the first of the stores, in the open position, the customer accepts the following liabilities:

- Performs the opposite operation of a large volume;

- To maintain equity of not less than 10% margin requirement.

Up to order - the customer requests the distributor to buy or sell when the price reaches the order level.

Pips (points) - the smallest unit of price for any foreign currency, also known as points.

Prices do not include market before - closing the bar a minute before bar minutes outside the trading market. Price difference - one of the following:

- Appoint citing Ask before quote is higher;

- Present Ash quote is less than before quoting Bud.

Quote of flow - a sequence of digital data describing the value of the price of an instrument for a given period.

Range - the distance between the levels of support and resistance levels.

Resistance level - the limit of the channel is greater.

The upward trend - occurs when the value of each of the next wave of the curve is higher than the previous rate. Low waves to connect a straight line - trend line.

Server log files - a file created by the server, which logs all requests and commands received from the customer to a dealer, and treatment outcome with an accuracy of 1 second.

Spike - a sudden movement, a pretty high value or down (usually higher than the propagation). Peaks had a recurrence during a specified period of time, for several minutes to several hours. Under the agreement InstaForex offer, all open and closed positions outside the market are to be canceled appointments, ensuring the protection of funds against the peaks.

Spread - difference of points between the bid and ask offers.

The level of aid - the lowest channel of a borderline case.

Swap - an amount deducted or added to an account at an overnight rate.

Ticker - a unique identification number assigned to each open position or a pending order in a trading platform.

Trade volume - the number of lots times the size of the lot.

Trader - a person who is the currency exchange market in order to earn a profit.

Trade Account - unique and personalized statement of operations for registration with the trading platform, which closed transactions, open positions, no market operations and controls are taken into account.

Trade transaction - a purchase or sale of any instrument made by the client.

Trading Platform - the software and technical equipment, providing economy of business information in real time, the implementation of trading activities in relation to the mutual obligations between the customer and merchant, and terms of controls and restrictions. For this option, consists of a "server" and "Client Terminal".

Transaction - commercial operations, where resources move from the base currency for the quote currency, and vice versa.

Trend - direction of the current general price movement.

The trend lines - straight lines with positive slope on a graph of the weaknesses that the trends are increasing, and with a negative slope, driven by the highest points when trends are down, the lines defining the trends online Current trend of the gaps often report trend changes.

Gold as Investment Instrument

Gold investment as an instrument

InstaForex Company invites you to visit a stable and efficient capital equipment savings. Today, virtually every interested person can gain access to markets and invest the money in the world in his / her goods in precious metals. In addition, gold can only be the dead weight, but also a store profitable. You can use the gold future opportunities that will bring tangible returns. It 'very economical to invest in gold during the crisis, when the objects investment can not give the same result.

Gold is the most ancient and more efficient capital and evaluation of wealth. Other precious metals were used for the same purpose. Generations are changing, however, all gold had an equal and a common means of payment and property, at the same time. The "gold standard" system that exerts a great influence on world economic development in the 19 to the 20th century. National borders has been reduced in exchange for gold and served as the main global currency to 70 years of the 20th century. For this reason, transactions with precious metals were under strict control. In general, operations are conducted at state level, "the monetary authorities and international financial organizations.

However, due to contradictions in the system, qualitative changes have taken place and the exchange rate has become floating.As result, the role of gold has changed the legal basis was excluded from the figure of business world currencies. Gold price liberalization began, the rights of individuals "in the physical possession of the metals have been expanded. The precious metals market changed not only the structure of the market but also its members and line operations change. Today, gold is no longer a payment mechanism, but has not left the system of economic relations. Today, the world gold market is a set of national and international markets, which are almost independent of the control government. All this guarantees a yield of 24 hours at a time global precious metals and their derivatives.

The structure of demand in the world gold market may be nominally divided into three sectors: the hoarding of all levels, consumption and industrial and domestic speculation. The offering consists of precious metals, private reserves and the government, the processions of secondary raw materials (gold) and illicit trafficking.

The main sources are gold producers, the main buyers are using it for industrial purposes. Both appear in the market due to irregular factors. However, we stop surges and declines in precious metals market again.

Gold Souk

International gold markets are located in urban areas as well as Zurich, Hong Kong, London, New York, Dubai. Rigorous standards are set at quite a few market participants. They are usually large banks and specialized companies that have a good reputation and credit standing. Range of possible operations in the international market is quite large. No tax and customs control. Large-scale operations, precious metals have made 24 hours a day, which offers customers an extensive network in the gold market. The handles are tightly regulated, because the rules are the players in the market.

The gold markets are domestic markets for one or more countries focus mainly on local investors. They are divided into open and regulated markets. Open markets are almost all markets in Europe, for example, in Milan, Paris, Amsterdam and Frankfurt am Main. Regulated markets are in Third World countries. National markets, transactions are conducted primarily with small bars and coins in national currencies as payment.

Black market can be found in some Asian countries in the region. Their birth is due to the entire state under the supervision of activities in gold. Black market parallel to them. Closed market is a form of domestic organization radically, with the import and export of gold is banned, and because of taxes, "The prices of precious metals trading is not really possible because of the domestic price above the world price of gold.

The participants of the gold market

Gold workers

Especially primary gold is provided by gold producers. They can be small or large. It is quite logical that the influence of society on the market depends on the amount of gold for it. Consequently, other market participants pay particular attention to the behavior of the major gold producers.

Industry

Industry and jewelry industry as well as companies involved in processing (clearing house of gold).

Stocks

In some countries there are special sections on the largest stocks, dealing in trading of precious metals and gold in particular.

Investors

Different interests of major investors to different types of gold investment instruments. In general, the most popular instruments for the gold market investors are the CFD.

Banking

Domestic banks are the most impressive players in the gold market, are the rules. It is worth mentioning that the sales of gold reserves focus is not their main objective, but show active interest in the use of reserves. Central banks have a significant impact on market conditions, which revealed 90 and 20 century. Domestic banks have a strong impact on market sentiment, which has become particularly evident in the '90s and '20s.

Brokers and dealers

Professional intermediaries and dealers in gold markets are specialized companies and commercial banks. They have one of the main features, like almost all the money goes to their hands at first.

Physical metals market

The largest volume of transactions with physical gold held in London and Zurich. First was the greatest part of all operations in the gold trade in London, which was facilitated by deliveries of metal from the British Commonwealth countries (mainly in the Republic of South Africa). They were attracted by the skillful organization of precious metals trading. The gold was transported from London to continental Europe, and from there was sent to the Middle East.

World Stock Exchanges

Capital Markets

Fair (market securities, bonds, other paper companies) - part of the capital market, securities involved in inventory, over the counter (OTC market).
The fair is an abstract concept to define the whole range of mechanisms that enable operations of securities (stocks, bonds, etc.) trading. You should not misunderstand this term to the concept of the exhibition, which is the organization with the following goals: providing space for trade and control offers the cooperation of buyers and sellers of securities.


NYSE
New York Stock Exchange - the most important fair in the United States, the world's largest. Symbol of American financial power and the entire financial sector. New York, the world famous Dow Jones index of industrial stocks NYSE composite index is defined.
NYSE Composite - One of the most popular stock indices around the world. It reflects the changes of all shares listed on the New York Stock Exchange, including more than 1,500 American companies with the largest total value of over $ 20 billion. That is why the NYSE composite can be used as an indicator of the U.S. economy.

Scholarship was established on 17 May 1792. Since 1975, she became a non-profit company owned by its members in 1336 (this figure has not changed since 1953). Companies can be purchased, the price reached $ 3 million.
Beginning of May 2006 NYSE mergered with electronic stock exchange Archipelago Holdings and the first time in its shares to investors, making it a commercial organization.
Trading in shares of NYSE Group will be held at the fair, the capitalization at the beginning of March 2006 was $ 12.5 billion. Activity of over 1000 of shares are made here. Total value of trading in NYSE companies was $ 26.5 trillion at the end of 2006.
Hours: 13:30 to 08:00 (Monday, Friday) GMT
14:30 until 09:00 in winter (Monday, Friday) GMT
NASDAQ
NASDAQ (acronym of National Association of Securities bid Auto Dealers) - American OTC, specializing in shares of high-tech companies (electronics, software production, etc.). One of the three major U.S. stock exchanges (the NYSE and AMEX ) is a unit of the NASD, is regulated by the SEC. The owner of the stock market is an American company called NASDAQ OMX Group. Apart from Nasdaq, it also has eight European stock exchanges.
At more than 3200 companies, including Russian companies traded on Nasdaq.
The regular trading day on Nasdaq opens in 09:30 and closes at 16:00 (Eastern Time). Trading activities are based on platforms such as beating Super Primex. After the end of the regular meeting, you can continue trading until 08:00 with SelectNet the platform. legislation which the trade is executed on the Nasdaq stock exchange for a different tradition. Number of market makers compete for customer orders execution. Currently there are about 600 market makers here. The main function of the Nasdaq market maker (as with the NYSE), he quotes the continuous supply and maintaining the liquidity of any Shares during the trading group. The market maker must make a reservation at his own expense in any case no corresponding reverse order on the market. Market makers have helped hundreds of stocks, and more - thousands. As a result, on average, certain types of shares are supported by 14 market makers, a different type "of capital - up to 50. NASDAQ quotes are the result of correlation trading, which market makers of alternative trading systems.

Hours: 13:30 to 08:00 in summer (Monday, Friday)
14:30 until 09:00 in winter (Monday, Friday)
NYMEX
New York Merchantile Exchange (NYSE: NMX), founded in 1872, the world's first oil futures trading. Contracts on oil, gas, platinum, palladium, gold, copper, silver, aluminum traded on this. According to Futures Industry Association data in 2006, 216 transactions were executed here miljard. In 2006, earnings NYMEX worth $ 497.3 billion, net income - $ 154.8 billion. Cap - $ 11.4 billion.

LSE
London Stock Exchange - one of the largest European stock exchanges. Was officially established in 1801, but its history back in 1570, when the king's financial agent and adviser Thomas Gresham "Royal Exchange" was built at his expense. LSE is also a public company's shares trade.

Hours: 19:30 until 03:30 in summer (Monday, Friday)
08:30 until 04:30 in winter (Monday, Friday)
TSE
Tokyo Stock Exchange accounted for 80% of sales in the country. Principal dealers are the owners of institutional securities. In Japan, the owner man has only a 20% stake in the stock market and 80% as financial institutions, insurance companies and businesses.

Tokyo Stock Exchange accounted for 80% stake in the sale of land. Principal dealers are the owners of institutional securities. Japan, one owner only 20% involved stock market shares, 80% lied financial institutions, to ensure companies and businesses.
Location not have to rely on dividends (at the beginning of 1990 were 70 times cheaper than market price), but the value of shares and increase the profit on sale of shares at a higher price (the average annual profit of the sale of shares issued from 1980 to 1994 was 34.7%). The main trading method is a two-way open tender. Up to 80% on all stocks traded in the country were bought and sold Tokyo Stock Exchange. Organizations in 1517 by 1.3 to 1.5 million in Japan were fears at all here, but they produce more than 25% of all goods and services.
In 2005, Tokyo Stock Exchange took second place in the classification of first class VSE stock exchange. 2500 companies to report earnings of over $ 3 trillion recorded instruments.


Vienna Stock Exchange is one of the oldest fairs in the world and the only exhibition in Austria. This stock exchange to trade stocks, bonds and derivatives. It was founded in 1771 by Empress Maria Teressa government debt trading. Is a private company.

Volume of transactions - 48 $ 468 billion,
Registration - 110 companies,
Discount - $ 157 358 000 000 000,
Profit - 8.12 million euros.
Working Time: 07:00 to 03:30 in summer (Monday - Friday) GMT,
08:00 until 04:30 in winter (Monday - Friday) GMT.
Frankfurt Stock Exchange FBW is one of Germany's biggest world's biggest trade shows. The operator of this trading floor, Deutsche Boerse AG group. The basic assumption of the existence of this event was considered in 1585 - the year of acceptance by merchants unified exchange in Frankfurt, which has become Europe's largest shopping center at that time. Has occupied the leading position in Germany since 1949. It was transferred to the control of the "Deutsche Boerse Group" in 1993, made at the base.
Main index - DAX, which stock prices of 30 major German companies reflects and is a barometer of the German economy.
Working Time: 07:00 to 03:30 in summer (Monday - Friday) GMT
08:00 until 04:30 in winter (Monday - Friday) GMT.
RTS
Russian Trade System was established in mid-1995 to consolidate regional markets organized financial market in Russia. This is a group of RTS.
RTS is a recognized center of prices of stocks and bonds of a wide variety of issuers. Information on trading on RTS is the main source of data on the situation of the Russian securities market, since it is this exhibition that a substantial part of Russian foreign investment in shares of Russian companies.
Hours: 07:00 to 03:00 (Monday - Friday) GMT.

Exchange rates Markets
FOREX - abbr. Foreign currency. FOREX term is generally used for the exchange of freely convertible currency, but not the full range of foreign exchange transactions. The purpose of foreign exchange trades, speculation, hedging, and control (central bank intervention in currency markets). In RuNet Forex: only speculative currency trading centers dealing with commercial banks, or held by the leverage effect, ie margin trading.
Forex is the international interbank market. Operations are conducted through institutions such as central banks, commercial banks, investment banks, brokers and centers dealing, pension funds, insurance companies, multinational companies, etc. The contract with the supply of real coin on the second (spot market) usually amounts to approximately $ 5,000,000 or equivalent. Value of the conversion fee is 60 to 300 dollars. In addition, approximately $ 6,000 per month paid to the interbank trading terminal information. Therefore, considerable amounts of exchange on foreign currency executed. For conversion of small amounts should contact the financial intermediary (a bank or broker in return), which performs operations for a certain percentage of the transaction. Middlemen do not have to work on the forex market, if they have a variety range of customers and orders another provision. Although they always receive their orders from customers. About the fact that not all customer orders to Forex brokers can offer their customers a lower rate than the direct costs of operations on the currency. At the same time, if the middlemen are eliminated, the change will increase costs for customers.

Current quotes are used for many activities, not always directly in foreign currency. For example, changing the exchange rate by the central bank, which must be stored under the exchange ratio of international currencies according to their proportions in the Forex, even if supply and demand real / country does not match the trends exchange reserves. For example, if the euro is too much supply in the domestic market, while USD Euro / dollar on foreign currency increases, the central bank to raise the price, and not by reducing the stress on a stable force.
Another prominent example is speculative currency margin trading, dedicated fixation of the current forex quotes. Although it is not so real delivery. Almost all brokers offer a direct exchange services, trade leverage speculative currency market. In general, wages for these activities low than for direct conversion, supply contracts that need real conclusion appears rarely and not because of extensive involvement in the volatility of transactions. Such committees often in the form of the spread - the difference between a firm bid offer price quoted at the time. Typically, a chain of intermediaries between foreign "H speculator, where an agent takes all his luggage.
Marginal activity (but not necessarily do) lead to the actual requirement to provide information about the foreign exchange market, in particular short term. They can not develop the general trend of movement classes "rate.
Hours: 24 hours.

MICEX

Moscow Interbank Currency Exchange, one of the great universal for Russia, CIS countries (CIS) and Eastern Europe. Founded in 1992.
MICEX is the leading Russian stock exchange where shares and bonds of Russian issuers 600 with a total value of almost 24 billion rubles will be made every day. List of participants MICEX consists of 650 organizations, professional market makers the number of customers totaling over 490 investors.

MICEX holds 98% of the shares and ADRs transactions of Russian companies with the adoption of the Russian stock market cycle, and 70% based on these securities trading in the world.
During the period 1992-1998 foreign exchange trading took place in an auction on the MICEX, where integration constant rates of the ruble against the dollar, German mark against the dollar for all the participants were of the trading day. In 1997, the electronic trading system Lot (Selten) was launched, it was to work with major trading partners (Auction) crisis of 1998 and has become the largest platform in currency trading then. Currently, trading through eight connect Interbank Currency Exchange Selten in a single session. The following transactions on the dollar, euro, hryvnia Ukrainian, Kazakh Tenge, Belarusian ruble and currency swap operations are performed. Total volume of stock trades in foreign currencies in 2006, equivalent to 25.9 billion rubles or $ 956 million (about half the total turnover of shares in MICEX). Currently, an effective system of risk is determined on MICEX currency market, timely fulfillment of commitments and guarantees by all participants in trade. Another element of the system is "payment against payment" principle, according to the MICEX trading accounts with participating states after just one of her duties. 540 credit organizations are members of the MICEX market.

Forex

Forex is the foreign exchange market, the market share and with the world market. The FX market, the value date specified for delivery are bought and sold. The foreign exchange market is not certain address or location. Forex trading system is a global IT system, large movements of cash flows. Denominated in foreign currency, stocks, oil and metals are traded on the foreign exchange market.

Therefore, in addition to the commodity markets and the stock market is not a global currency, open all day (except weekends and holidays), where trade is maintained primarily through the Internet. The main participants in the Forex are primarily central banks and international commercial enterprises engaged in export and import activity.

Forex market is a decentralized system, where members are linked. The development of modern telecommunications facilities led to the creation of a new type of commerce, such remote operation conducted with the help of electronic systems contractors is gradually replacing the provider of the traditional telephone network.

Forex market, you can conduct business to buy the currency, for example, (EUR) Euro Swiss franc (CHF) or Japanese yen (JPY). Activities and movements in currency markets to determine the relationship of the world in a freely convertible currency rate. All currencies are represented in the commercial market, a floating exchange rate.

Trading on the Forex market has an incredible amount with a daily turnover, equivalent to 3000 billion, surpassing the volume of transactions on the stock market by nearly fifty times. In recent years working on the Forex has become more popular, which today is a popular and profitable form of obsession. About 80% of businesses aims to gain hypothetical performance of the difference in exchange rate quotations.

The foreign exchange market is the most common among the existing platforms today. Participants in the garden a chance to collect a substantial profit in a short period. Normally, there is a small initial capital to trade, as currency in negotiating contracts have a maximum level of liquidity. Thus, any situation where an entrepreneur - an agent of a specific agreement is absent, can occur in Forex.

It is believed that the foreign exchange market is more popular than the stock market. However, this does not mean that trading forex is much easier than shopping with the operating system, although there are fewer subtleties. Moreover, the reason for such access is also a small amount at the beginning of the capital, which has been mentioned previously. Not everyone can reach the stock market, on the contrary, the Forex can start working with a number of deposits in U.S. dollars. If necessary, to make way for the merchant intermediary.

Of course, profit is not so high on the Forex market, but the risk of losing everything is low.

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Jorge Luis Borges Quotes

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Any life is made up of a single moment, the moment in which a man finds out, once and for all, who he is.
Jorge Luis Borges

Art always opts for the individual, the concrete; art is not Platonic.
Jorge Luis Borges

Democracy is an abuse of statistics.
Jorge Luis Borges

I cannot walk through the suburbs in the solitude of the night without thinking that the night pleases us because it suppresses idle details, just as our memory does.
Jorge Luis Borges

I foresee that man will resign himself each day to new abominations, and soon that only bandits and soldiers will be left.
Jorge Luis Borges

I have always imagined that Paradise will be a kind of library.
Jorge Luis Borges

I have known uncertainty: a state unknown to the Greeks.
Jorge Luis Borges

In general, every country has the language it deserves.
Jorge Luis Borges

In the order of literature, as in others, there is no act that is not the coronation of an infinite series of causes and the source of an infinite series of effects.
Jorge Luis Borges

Life and death have been lacking in my life.
Jorge Luis Borges

Life itself is a quotation.
Jorge Luis Borges

Like all those possessing a library, Aurelian was aware that he was guilty of not knowing his in its entirety.
Jorge Luis Borges

Like all writers, he measured the achievements of others by what they had accomplished, asking of them that they measure him by what he envisaged or planned.
Jorge Luis Borges

My undertaking is not difficult, essentially. I should only have to be immortal to carry it out.
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Nothing is built on stone; all is built on sand, but we must build as if the sand were stone.
Jorge Luis Borges

One concept corrupts and confuses the others. I am not speaking of the Evil whose limited sphere is ethics; I am speaking of the infinite.
Jorge Luis Borges

Poetry remembers that it was an oral art before it was a written art.
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Reading is an activity subsequent to writing: more resigned, more civil, more intellectual.
Jorge Luis Borges

Reality is not always probable, or likely.
Jorge Luis Borges

The central problem of novel-writing is causality.
Jorge Luis Borges
The fact is that all writers create their precursors. Their work modifies our conception of the past, just as it is bound to modify the future.
Jorge Luis Borges

The Falklands thing was a fight between two bald men over a comb.
Jorge Luis Borges

The flattery of posterity is not worth much more than contemporary flattery, which is worth nothing.
Jorge Luis Borges

The original is unfaithful to the translation.
Jorge Luis Borges

The truth is that we live out our lives putting off all that can be put off; perhaps we all know deep down that we are immortal and that sooner or later all men will do and know all things.
Jorge Luis Borges

There is a concept that is the corrupter and destroyer of all others. I speak not of Evil, whose limited empire is that of ethics; I speak of the infinite.
Jorge Luis Borges

Time is the substance from which I am made. Time is a river which carries me along, but I am the river; it is a tiger that devours me, but I am the tiger; it is a fire that consumes me, but I am the fire.
Jorge Luis Borges

To be immortal is commonplace; except for man, all creatures are immortal, for they are ignorant of death; what is divine, terrible, incomprehensible, is to know that one is immortal.
Jorge Luis Borges

To die for a religion is easier than to live it absolutely.
Jorge Luis Borges

To fall in love is to create a religion that has a fallible god.
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Writing is nothing more than a guided dream.
Jorge Luis Borges 

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