The use of cash continues to contract. Enthusiasts are quick to point out that the use of cash will vanish is a similar fashion as movie and music rentals were displaced by streaming services or photos gave way to the digital revolution. When it comes to cash, the situation is a bit more complicated. A study conducted in 2013, 85% of global transactions involved cash. The rate has arguably come down since then, but cash remains the cornerstone of finance in many societies. Emerging markets are quicker to adapt to using less cash as they...
Forex and practice How much practice do you need to become a professional Forex trader? What skills do you need to have in order to earn constantly? Can Forex bring to you quick money or not? In this article, you’ll find answers to these and other questions. Here you can find only really valuable information that will help you to turn from a beginner into a professional. Do you know that Forex trading practice is the way to success? What will your knowledge cost if you don’t practice it? The practice is extremely important, and especially...
About Devices and Forex Forex is a financial world available on any platform and on any device. All you need is a desire to develop in this direction. If your thought knows no bounds, then circumstances are unlikely to stop you. This is your strength. This is also the worldview of those involved in Forex. It doesn’t matter what device you use. What matters is how you use it. Do you have a strategy? Do you have any experience? Are you lucky? This is what really matters when we talk about Forex. And the devices you use for this aren...
Forex traders started the fresh trading month with a barrage of global manufacturing PMI’s and the final verdict remained extremely bearish. The global manufacturing sector slid deeper into recession in November and this shouldn’t be ignored. While manufacturing represents a smaller share of global GDP as compared to the services sector, it remains a key component with many high-paid employees. Most countries reported weak PMI data, except for China, India, and France.
With only one month left of trading before this decade comes to a close, forex traders across the globe are eagerly looking forward to the next decade. The reason behind the cautious optimism is that the past ten years have been terrible for the majority of market participants. Predictions regarding the forex market have been disappointing, and one of the most evident places of this is Sweden. Analysts at banks have been consistently wrong about the Swedish Krona, often regarded as a barometer for the health of global trade.
