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…
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…
Have you ever obsessed over a certain brand? A clothing line, tech products, or even a social media platform and wondering how profitable this global company might be? We all hear about investing in stocks, and the few lucky who invested in global stocks at the right time, and have now made a decent amount of profit thanks to their shares, but we simply can’t afford to do the same.
Well, this achievement may not be as
expensive as you’ve imagined. The fact is, you don’t need massive
amounts of money to take advantage of a company’s stock. With CFD
stocks, you can more…
Gold, silver and copper have been soaring since March lows, and they posted new cycle highs in August. They’ve seen consolidated, and metals have been trading in shor-term bearish trends and consolidative formations.
the fundamental situation remains bullish for precious
metals. Why? Major
central banks are about to introduce more easing, with the Reserve
Bank of Australia (RBA) and the Bank of England (BoE) having announce
more Quantitative Easing (QE) in November, while the European Central
Bank (ECB) is expected to increase its bond-buying program at the
Federal Reserve (Fed) is also expected to act following Fed Chair
Jerome Powell urging congress to provide more more…
Every active trader looks for a rise in market volatility for potential opportunities.
That’s why the 2020 US election is one of the most anticipated trading events of the year. And with less than a week to go, pro traders are preparing in different ways. Technical traders are watching price charts to predict potential market movements, fundamental traders are tracking data points to determine the strength of a particular currency. Whichever way you choose to trade the election, it’s a time for all traders to size up their strategies and risk management tools to make sure they are best positioned to benefit more…