The single European currency, which from the very first day of its existence accepted a relay race of the German mark, has established itself as a fairly strong alternative to the American dollar. On a scale of popularity, euro is in second place, followed by the same U.S. dollar. The same applies to currency pairs associated with the euro. Forex traders, who work with currency pairs involving the European single currency, need to know what factors and events may influence the course of this "European". Otherwise, it’s quite...
As the developed world goes up in flames and is chocking on tremendous debt burdens from Washington to Brussels BRICS, which stands for Brazil, Russia, India, China and South Africa, collaborates further and creates a $100 Billion fund in order to combat currency crisis in the future. They did not reach an agreement on creating a development bank. According to Russian Finance Minister Anton Siluanov made the following funding proposal public at a meeting in Durban, South Africa as far as contributions are concerned: Brazil: $18 Billion...
Trading forex provides an excellent opportunity to earn additional income or even as a full time career, but too many traders set out without arming themselves with some basic rules and guidelines to follow. Determining precisely when to initiate a trade may be one of the most difficult decisions forex investors face. It is what is referred to as the entry signal and figuring out a consistent way of entering and exiting a position is an extremely important trait for all traders to have. One of the main reasons many traders are not making...
Trading the forex market is very risky and brings the possibility of losing money anytime you enter a trade. Anyone serious about trading would do well to incorporate money management techniques to their trading to protect their portfolio. Nearly all successful traders use a money management strategy along with their regular trading plan and if you have ever experienced a severe drawdown on your account you probably do too. Despite the fact that most traders are fully aware of it, it is a curious notion that many traders seem to ignore...
In the biggest advance in European integration since the launch of the euro in 1999, the European Central Bank will take charge of supervising banks from Helsinki to Lisbon in November after subjecting their books to unprecedented scrutiny.The aim is to restore confidence in the euro zone's banks, battered by the 2007-8 global financial crisis and the currency area's own debt crisis, and help revive lending to businesses and households, especially in stricken southern Europe. Many economists say Europe is at least five years behind...
