5 of the most traded currencies in the world

5 of the most traded currencies in the world

The forex or foreign exchange market is one of the most popular and liquid markets in the world. Every day, literally trillions of dollars in various denominations are bought and sold by investors. The straightforward nature of the forex market makes it possible for even the most inexperienced of investors to make a quick profit. However, the volatility of the forex market should never be underestimated. Given that currencies of all denominations are traded, the forex market is highly susceptible to a variety of external factors. From social unrest to geopolitical tension and economic uncertainty, currency valuations can fluctuate wildly …READ MORE

A guide for beginners on forex trading

A guide for beginners on forex trading

Investing in the foreign exchange or forex market can be an extremely profitable venture. It is however, not without its fair share of risks. Investing in the wrong currency at the wrong time can result in huge losses. As was seen by the destruction of Barings Bank by rogue trader Nick Leeson, the forex market can be a dangerous place for a novice trader. This is why it’s vital that you first understand the basics of forex trading. Let’s begin with: What is forex trading? Forex is a short form for foreign exchange, and it refers to the buying and …READ MORE

Real-Life Effects of Sharp Forex Movements and Volatility

News reports today are full of articles rising concern over the increasing volatility of the forex market. However, the majority of people do not understand the real-life implications of this. It’s a big mistake, especially for those who speculate on sharp changes in FX rates. Understanding the impact of these changes can help one navigate financial markets and protect their businesses. Once you know what to look for, you’ll be able to make a more-or-less accurate forex prognosis simply by studying current events reports. Therefore, you’ll be able to choose the best directions for your investments. Moreover, you’ll know when …READ MORE

Types Of Forex Brokers

Types Of Forex Brokers

When trading forex online, you will need a forex broker who provides you with a trading platform that enables you to place and manage trades on the forex market. With so many forex brokers to choose from, it can seem like an overwhelming decision at first. Here we will look at the different types of forex brokers so that you can narrow down your search. Types of forex brokers Dealing desk forex broker A dealing desk (DD) forex broker is also known as a market maker. Market makers provide their own spreads and may decide to quote above or below …READ MORE

How To Avoid Forex Scams

How To Avoid Forex Scams

Unfortunately, there are forex scammers out there who are targeting inexperienced traders with unrealistic promises and outright fraud. Whilst the forex industry gets a bad rep at times due to these unscrupulous scammers, it doesn’t mean that everyone should be tarnished with the same brush. Believe it or not, there are actually honest professionals within the forex industry who have the best intentions of traders at heart. They are being let down significantly by forex scams that bring a shame to the forex industry on a regular basis. In this guide we will take a look at the types of …READ MORE

Best Forex Accounts

Best Forex Accounts

When you plan to trade online, the account type you choose is one of the important decisions that you will have to make. That is due to the fact that each forex account has different features which can have an impact on your trading strategies. With so many forex accounts to choose from, I will take a look at some of the key things to consider in order to help you choose the best forex account for your needs. Choosing the best forex accounts The main differences between forex account types will be the minimum deposit, spreads, commissions, leverage, platforms …READ MORE

Best Forex Brokers Australia

Best Forex Brokers Australia

If you are looking to trade forex in Australia then you would ideally want a forex broker that is regulated and authorised to offer forex trading to Australian residents. The Australian Securities and Investments Commission (ASIC) is an independent Australian government body that acts as Australia’s corporate regulator. Established in 1998, ASIC’s role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors. ASIC reports to the treasurer and administers legislation for the Insurance Act of 1984, the Corporations Act of 2001, and the National Consumer Credit Protection Act of 2009. The best …READ MORE

Best Forex Brokers Canada

Best Forex Brokers Canada

If you are looking to trade forex in Canada then you would ideally want a forex broker that is regulated and authorised to offer forex trading to Canadian residents. The Investment Industry Regulatory Organization of Canada is the national self-regulatory organisation which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. IIROC was established as a non-profit corporation on June 1st, 2008 as part of the consolidation of the Investment Dealers Association of Canada (IDA) and the Market Regulation Services Inc. (RS). The best forex brokers in Canada will take regulation seriously and must comply …READ MORE

Best Forex Brokers South Africa

If you are looking to trade forex in South Africa then you would ideally want a forex broker that is regulated and authorised to offer forex trading to clients that are located in South Africa. The Financial Sector Conduct Authority (FSCA) is the market conduct regulator, responsible for the regulation of financial institutions in South Africa that provide financial products and financial services, financial institutions that are licensed in terms of a financial sector law, including banks, insurers, retirement funds and administrators, and market infrastructures. The best forex brokers in South Africa will take regulation seriously and must comply with strict …READ MORE