Bitcoin is the most popular of what are known as virtual cryptocurrencies - internet-based money with lines of computer code that are supposed to make it more secure. Unlike traditional currencies which are managed (or manipulated) by a central bank, Bitcoin is not controlled by any one authority. Instead, the system is maintained by an online community. Bitcoin was founded in 2009 by a pseudonymous developer known as Satoshi Nakamoto, and was championed by an internet community before exploding into the mainstream last year. Bitcoin...
One of the reasons why so many people are attracted to trading forex compared to other financial instruments is that with forex you can usually get much higher leverage than you would with stocks. In forex, investors use leverage to profit from the fluctuations in exchange rates between two different countries. While many traders have heard of the word "leverage," few have a clue about what leverage is, how leverage works and how leverage can directly impact their bottom line. Leverage is the ability to use something small to control...
Gold is more than just a precious metal. It is a symbolism for wealth and status not just among individuals but also across nations. There’s a notion that when one acquires gold, it can provide financial security. However, there’s more to gold than just being a valuable commodity, because it has an impact on forex as well. In other words, the gold prices, like all prices in general, reflect not only the inherent value of gold, but also the relative strength of the currency in which it is quoted. Gold is a leading economic indicator, and the...
Virtually every aspect of life runs smoother when there's a plan compared to when things are handled on the fly. A trade plan is important, not only if you trade actively, but to complement your overall investment plan. In many ways, a trade plan is a business plan. It should outline what you're trying to accomplish and how you are going to accomplish it. Every trade plan is a little different, so there's not one template that will work for everyone. The first part “plan your trade” is accomplished through a forex trading plan: A written set...
Using moving averages to assess trend direction is the oldest form of technical analysis and remains one of the most commonly used indicators. The primary benefit provided by a moving average is to reduce market "noise” that make it difficult to accurately interpret real-time exchange rate data. Moving averages are making easier for you to identify and authenticate potential market rate trends from the normal up-and-down rate fluctuations common to all currency pairs. Moving averages are one of the most commonly used trend-following...
