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Currency conversion, in the context of foreign exchange, is a market process that determines the equivalent amount of one currency when traded with another. The trade process is marked by both buying and selling in order to increase the value of one’s money. As long as consumers will find reasons to use other currencies than […]
The Methods in Currency Conversion Read More »
Trillions of dollars’ worth of currencies change hands in the currency exchange market every single day and yet a huge percentage of those who get into the market come out of it broke. Only a few are able to gain profits from their trading activities and are able to stay in the market to experience
Secrets to Currency Exchange Trading Gains Unveiled Read More »
Popularly known as money, currency serves as a measure of value and determines how goods are acquired or sold. It also dictates the value of a country’s money in comparison to another. This means that you cannot simply walk into a store and buy soap using US Dollars if you are in the Philippines. While
Supply, Demand and Foreign Exchange Rates Read More »
Foreign exchange rates a.k.a. exchange rate or exchange is defined as the difference in value of one currency as opposed to another; more importantly, the resulting profit or losses that can be achieved by swapping one currency with another. This article will discuss Forex as an income-generating endeavor. Currency Pairs Pairing one currency with another
The What Why and How of Foreign Exchange Rates Read More »
Most currency exchange rates in the world are under a floating exchange rate regime in which market forces are allowed to determine their value vis-à-vis other currencies. Among the main factors that affect exchange rates under this system are investment and trade flows. However, a central bank may choose to intervene in the markets if
Profitable Trading in Fixed Currency Rates Regimes Read More »
Understanding the factors that influence currency exchange rates can help make you a better trader since it enables you to determine the direction in which the market may move, either bullish or bearish. Since exchange rates are a reflection of the state of a country’s economy, breaking economic developments can affect them, positively or negatively.
Four Important Factors That Affect Currency Exchange Rates Read More »
Trading in the foreign currency exchange market has quite a lot of similarities with playing poker. But before you start developing the wrong impression that I am putting foreign currency exchange on the same league as the game of poker, let me tell you outright that this is far from it. This is about the
Trading the Foreign Currency Exchange with the Mind Set of a Poker Player Read More »
Foreign currency exchange or forex for short has continuously attracted investors into its fold. The promise of making big money fast has always been its greatest come on. Unfortunately, for many who dipped their fingers into this highly volatile market, they are finding out too late that they are ill prepared for the foreign exchange
The Ten “Shall Not’s” of Forex Trading Read More »
It is quite ironic that the foreign currency exchange market which is the biggest and most liquid financial market is largely self regulated without an officially recognized international authority to regulate the industry. In the U.S., prior to the Dodd-Frank Regulations, it was only the National Futures Authority, a private, members only association of securities
What makes the Foreign Currency Exchange Market Unique? Read More »
As you will find out soon enough, the foreign currency exchange market is not all pink and roses. There are drawbacks that you need to be aware of at the onset. Also, some of the best advantages of trading the forex market can turn into in to disadvantages that may derail your forex adventure and
The Drawbacks of the Foreign Currency Exchange Read More »
