6 Interesting Forex Facts Most Traders Don’t Know

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1. How did the first Forex market look?

The barter system is the oldest method of exchanging goods for other goods. It was first introduced in 6000BC by Mesopotamia tribes. Back in the day, salt and spices were used as the main mediums of exchange. This is how the first-ever form of foreign exchange looked like. Eventually, the first gold coins were produced in the 6th century BC, and they acted as a currency. Although gold coins were widely accepted as a medium of exchange, they appeared to be impractical because they were quite heavy. In 1875, the countries adopted the Gold more…

Summing up 2020: Major events of the past year

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Congratulations, we’ve made it through 2020! This eventful year is almost over. Let’s take a moment to look back and recall its key events.

It’s difficult to even start to comprehend how much this expiring year has changed our lives. We are all wearing masks and washing our hands several times a day now. If someone told us back in 2019, that we wouldn’t be able to travel or even leave our house, we would laugh in their face. But we did face the lockdown and spent several months self-distancing, in isolation.

But apart from the much-hyped coronavirus, what other key events are worth considering? We believe that there were more…

Trading Trends We Expect in 2021

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As 2021 begins there are hopeful signs that the markets will continue to recover this year.  A new US president is promising a return to normalcy and the multi-billion US stimulus package is expected to provide a modest boost to the economy very soon. 

Other market trends are expected to continue well into 2021. Here are a few to look out for.

Biden-positive markets

On January 20, Joseph Robinette Biden Jr. will be sworn in as the 46th president of the United States.

Market analysts are predicting that his administration will bring more certainty and stability to the global economy, and that’s good news for the markets. The outlook is positive and Wall more…

The greenback still bearish, will the trend continue?

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The USD saw some gains during this week as sentiment worsened, but the rally was only mild, and it looks like traders are immediately selling it.

The US Congress has finally approved the new fiscal stimulus, although the amount of 900 billion USD seems fairly low. US President Donald Trump has already said he wants more money for US families, so there could still be some complications.

The Federal Reserve (Fed) seems to be aware of this, pumping an astonishing 120 billion USD into the financial system last week.

During the height of its monetary policy response to the Great Financial Crisis of 2008, the Fed was printing 80 billion more…

2020: A Year Like No Other With Trading Volumes Like No Other

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Almost 12 months after an unanticipated virus broke out and began spreading around the world, now known as Covid 19, Coronavirus, or simply Covid, the global community is still struggling to find some stability amid unprecedented economic and financial uncertainty.

The sudden outbreak had immediate and massive effects on trade and the global economy.

It caused fluctuations in national economies all around the globe.

Just as lockdowns were being introduced in March 2020, the Dow Jones Index dropped 2,997 points, the largest ever-recorded single-day point loss since May 1897.

Hundreds of millions of people lost their jobs. Millions of others had to suddenly adjust to working from home. While businesses had more…