Tag: Currency

Currency

Forex Trading TipsForex Trading Tips

11/19/2015 Tyrone Wilson 0 Comments 11:23 PM

If you want to earn some extra money during your free time, trading in Forex may be the right answer for you. It can be very rewarding to those who are computer savvy and are always on their computers.

The benefit of this line of trading is that you do not need big investments to start trading. There are many trading platform that are shown on Forex Bonus that you can use to start your forex trading experience.

The Forex Market is Decentralized

Unlike trading in stocks that are done in one exchange, the Forex market can be traded in any country around the world as it is not central to one location. The main currencies that are traded are the US dollar, Canadian dollar, Australian dollar and the Chinese Yuan. The reason for these being the Major trading currencies is the demand it has and the stability these currencies has throughout the world. They account for over 80% of trading due to the demand they create.

How does it work?

Foreign exchange trading that we call forex trading is done by buying and selling different currencies during a period in the hopes of gaining a profit on the exchange rate. For example, if you buy a Canadian dollar for USD 0.95 and can sell it for USD 0.97 you are making a profit. These profits can be had in a couple of hours or minutes. But some people look at the long-term outlook and hold on to currencies in anticipation of a big change.

The forex market is fully automated

Forex trading is done 24/7 as the main trading exchanges are located in New York, Singapore, Hong Kong, Tokyo, London, and Sydney. They span all time zones and therefore, you can trade in any one of these markets during the day. Remember that you have always to keep an eye on the world news and know what is happening around you in order to make the right decisions when trading forex.

Stay level headed

Do not act on emotions or panic. You must always ensure you are in a good frame of mind when trading forex. Many people can become greedy when they see money coming in, and other can panic when they hear some bad news and these two situations can lead to bad decisions.

When you start trading in forex, always start small, do not try to be a “player” too soon. You need to gain gradually the experience and learn as much as you can before trying for the big leagues.…

Currency

Which Currency is the Most Stable?Which Currency is the Most Stable?

09/24/2015 Tyrone Wilson 0 Comments 6:27 AM

Which currency is the most stable? With the changes in the currency markets, many people have never known the most stable currency in the world when trading internationally. Now, the US Dollar is the most stable currency in the world. The currency has been strengthening across the world making many of the world’s currency to lose value during a trade.

Why has the US Dollar been the most stable currency in the world?

Some factors have made the US Dollar to be the most stable currency in the world:

1. Stabilization of the US economy

The US economy has been growing strongly in the last couple of years thus leading to an expansion of the economy that is key to its growth together. With the growth of the economy of the US, the currency has been growing strongly and firmly when compared to many other world currencies. You will understand the reason the US Dollar has been the most stable currency in the world. With the trend, many other currencies in the world will weaken through the US Dollar stability effect.

2. A reduction in the inflation levels in the US

The value of a currency in the world is often determined by the rate of inflation in the given country. When the rate of inflation slows down, you will find out that the currency will tend to grow stronger for those people who will buy it in the market. The low levels of inflation in the US has made the US Dollar to grow stronger thus becoming the most stable currency in the world. Also, if the inflation continues to reduce, the US Dollar will continue to be the most stable currency in the world.

3. Stable monetary and fiscal policies by the US government

The US government has come up with Stable monetary and fiscal policies that have affected the stability of the currency. With many countries in the world, struggling with poor monetary governance that affect the value of their currency, US has proved to be a Stable government with favorable monetary and fiscal policies. This has made the made the US Dollar to be the most stable currency in the world. Each financial year, the government often come up with legislative measures that have made the US Dollar the most stable currency in the world.

In conclusion, the above three factors has made the US Dollar to be the most stable currency in the world when compared to other currencies.…