Tag: Forex Market

Five Reasons To Invest In Forex Trading – FinSMEs
Forex News

Five Reasons To Invest In Forex Trading – FinSMEs

Investing in financial markets has raised interest all over the world. Traditionally, currency trading was a preserve for multinational corporations and well-endowed investors. The Forex market has, however, opened up the financial market to the average investors. The foreign exchange (Forex) market provides a means of doing business for multinational companies in other countries. This is because it facilitates the payment of bills in local currency. It also offers an opportunity for investors to take advantage of the exchange rate movements. Why is the Forex market the best to trade? There are many reasons, and we have outlined some of them below. 1. Accessibility The Forex market, compared to other online trading markets, is more accessible. You can start forex trading from as l...
Euro holds gains, dollar soft after ECB expands stimulus – CNBC
Forex News

Euro holds gains, dollar soft after ECB expands stimulus – CNBC

Euro banknotes with different values. Jens BΓΌttner | picture alliance via Getty Images The euro held on to big gains on Friday after the European Central Bank expanded its stimulus more than expected to prop up an economy dealing with its worst recession since World War Two. The euro's gains supported appetite for riskier currencies in Asia and helped push the U.S. dollar near three-month lows against a basket of currencies. The ECB increased its emergency bond purchase scheme by 600 billion euros to 1.35 trillion and extended the scheme to mid-2021. Markets had expected an expansion of 500 billion euros. The euro fetched $1.1338, having risen to as high as $1.1362 on Thursday, its loftiest level in almost three months. On the week, the single currency has risen 2.1% and is...
Forex Market Encouraged by Positive Trading Movements – Securities.io
Forex News

Forex Market Encouraged by Positive Trading Movements – Securities.io

If you are involved in forex trading, then exchange rates are something that you will think of on a very regular basis throughout each and every trading day. If you are a new trader though, or someone looking in from the outside, you may wonder exactly what exchange rates are, and why they even matter. These are both points we will address in giving you a clearer picture about the function of exchange rates, and why they are so important. The Basics of An Exchange Rate From a very simple perspective, an exchange rate tells you the value of one currency against another. So, the exchange rate is what you will use if you wish to know how much 1 Euro will cost in US Dollars for example. Taking that example at the rate for today, 1 Euro would be worth $1.12, so if you want to buy 1 Euro, this...