Not too long ago, if you wanted to buy or sell currencies on a speculative basis you had to call your bank or your broker to execute a trade. However, since the advent of the Internet, forex trades can now be placed electronically at online forex … [Read more...]
Syria’s Weak Currency is Pushing It Towards More Domestic Production, and More Exports
The Syrian Pound has never been a strong currency, but the conflict has caused it to significantly depreciate relative to other currencies. Syria's weaker currency means that it is more expensive for Syrian firms and consumers to import goods. It … [Read more...]
3 Ways to Access the FOREX Market
The Foreign Exchange (FOREX) market is the world's largest market, in terms of volume traded. It serves as a market for exchanging currencies. Much of the trading is speculative, carried out by investors who are looking to generate a profit by taking … [Read more...]
Investing Guide: Currency Trading for Dummies
This article aims to serve as a currency trading guide for dummies (beginners), providing some background info on currency trading, and explaining how the FOREX market can be accessed. The FOREX market is the most widely traded market in the world … [Read more...]
3 Reasons to Start Trading Bitcoin (BTC)
Bitcoin is the most well-known & widely used cryptocurrency in the world.By February 2015, over 100,000 vendors were accepting this revolutionary digital currency. This currency was fully released in 2009 by Satoshi Nakamoto (a pseudonym for the … [Read more...]
Advantages of Trading The US Dollar (USD) in 2016
There has been an upward trend in the value of the US Dollar relative to the British Pound for the past year, & the American Dollar gained massively when reports emerged that the UK had voted to leave the EU. The UK’s exit of the European Union … [Read more...]
Bitcoin (BTC) Could Be Worth $1 or $10,000 in 2030
The world’s most famous & widely used digital currency, Bitcoin , has an uncertain future ahead of it. There is a general consensus among investors that the currency will either be worthless, or worth several times its current value within the … [Read more...]
Federal Reserve Likely to Lower Interest Rates to Control US Dollar (USD)
An interest rate hike has been on the cards for several months, but with the US Dollar appreciating, it could be delayed further. In fact, the Central Bank of America, the Federal Reserve, could lower interest rates to weaken the American Dollar, in … [Read more...]
Weak British Pound (GBP) Likely to Cause UK Tourism to Surge
Just 10 days after the UK voted to leave the EU (which resulted in a large fall in the value of the British Pound ), travel companies are already reporting that there is a large increase in the number of Canadians considering visiting the UK. … [Read more...]
US Dollar (USD) May Surpass The Euro (EUR) Amidst EU Turmoil
Since it was announced that Britain had decided to leave the EU (on the 24/06/2016), the British Pound dropped in value, down by up to 10% on the day, reaching its lowest price relative to the US Dollar in several decades. We also reported that the … [Read more...]