what is the appropriate definition of tourism industry and what is the significance of tourism industry?

Answer
Advantage (depending upon implementation some of these can turn into disadvantages)

employment (1 emp/1000 tourist) (labor intensive, few administrative positions, little upward mobility)

infrastructure development (roads, water, electricity, telecom and cybercom, but not necessarily local priorities)

cultural preservation (economic incentives to preserve food, fashion, festivals and physical history, but these tend to be superficial elements of a culture)

environmental protection (econ incentives to preserve nature, wildlife and urban cleanliness)

foreign exchange (generates resources to import food, pharmaceuticals, technology, consumer goods)

Disadvantages (depending upon implementation some of these can turn into advantages)

cultural destruction, (modernization (world mono-culture), freezes culture as performers, loss: language, religion, rituals, material culture)

primary products (sun, sand, surf, safari, suds, ski, sex) (little value added, neo-colonialism)

environmental destruction (game drives, resorts: golf, ski, beach, desert, world as play ground, SUV)

marginal employment (low skill, low wage, menial services, prostitution, drug trade, gambling, hustlers)

low benefits (no job security, no health care, no organizing, no work safety rules or enviro standards)

outside hiring (skilled middle and senior management recruited out of the area and transferred in)

concentration employment (walled resort enclaves)

seasonal employment

outside decision making (decisions made outside of the area, corporate dollars corrupt government)

unrealistic expectations (divert young people from school and brighter futures.)

anti-democratic collusion (industry support of repressive governments)

land controlled by the elite (people relocated, agriculture eliminated, prohibited from N.P.)

negative lifestyle's (STD's, substance abuse, begging, hustling)

diverted and concentrated development (airport, roads, water, electricity to tourist destinations, development not accessible to locals),

little forex stays in country (airplanes, vehicles, booze, hot air balloons, generally have foreign owners),

package programs

cruises (eat and sleep on board)

unstable market (fickle, affected by local and world events, generally highly elastic)

Solutions (visitor)

act to support cultural diversity

engage in activities that add value to the community

donât do activities that deteriorate the environment

donât engage in illegal activities

act to disperse the benefits

patronize locally (community) owned enterprises.

Solutions (host)

support the traditional cultural legacy

training and education in local culture, history, natural science, etc.

select development and activities that draw from local traditions and add value to the community

donât promote activities that deteriorate the environment

donât engage in illegal activities

adopt a program to disperse the benefits

patronize locally produced products and locally (community) owned enterprises.

make business and foreign exchange transactions transparent and efficient.

How many pips does the average retail forex trader make?

I'm trying to trade forex on my own, with 3 strategies based primarily on technical analysis, supplemented by fundamental analysis. I've developed these strategies through homework, lots of reading and just a bunch of research. I bought a system in the past and got burned. Now I'm doing it myself. Does anyone know the honest average range of pips professional retail traders make every month? My impression was that they make an average 250-500 pips a month. Not to say they do that every month, it's just the result when averaged out. Right now, after 2 months of trading, I've made a little over 200 pips and I'm hoping to maintain that and improve to the 250-500 pip average a month range. Is that realistic? Ideal? What should be my target monthly average to be a truly successful forex trader.

Answer
It is not wise to have a monthly pip target. If you fall behind your average it is easy to freak out during the last week of the month and make irrational decisions based on greed or fear. The easy way to target your trading is to set a daily pip target or what I like to call a Minimum Acceptable Target (MAP).

15 pips seems to be a conservative daily goal that if hit, will give you over 300 pips per month.

The definition of a "successful Forex trader" is in the eyes of the beholder. What is successful for one might not meet the expectations of another. Personally, I like having a target of increasing my investment portfolio by at least 8% per month.

Good luck with your strategies.

Paul