What is Currency Depreciation?

What is Currency Depreciation?

Currency depreciation refers to the fall in value for a country’s currency when compared to other currencies in the forex market. When your country’s currency depreciates, it means that you will have to use more units of your currency to purchase a single unit of a different currency. It, thus, becomes cheaper to purchase your currency, but expensive for you to access an alternative currency. A country’s value of currency often falls or drops as a result of various elements. The elements are as described below.   Causes of Currency Depreciation 1.            A deficit in Balance of Payment (BoP) Balance Continue Reading →

Tips for Forex Trading Beginners

Tips for Forex Trading Beginners

Forex trading may be a very new concept to many that have never heard of it. If one is curious to know what forex trading is, they hence need to learn all about it. It could start with a simple google search of what forex trading is. 10 Tips for Forex Trading Beginners There is always a beginning to something one gets into. This article will highlight ten tips for beginners in the forex trading business. Know the markets A forex trader needs to begin by knowing the forex markets. The markets are crucial for anyone who aspires to be Continue Reading →

How To Become A Succesful Forex Trader With Technical Trading Skills

How To Become A Succesful Forex Trader With Technical Trading Skills

Forex trading is a large and confusing enterprise. There are many forex traders who have experienced success. These successful forex traders attract many people into the open to join forex trading market. Once these people have joined the market, many are not patient enough to succeed as their role models. Success in forex trading is easy. It needs to gain the technical skills of a pro and the patience to become a longe term trader rather than expecting quick riches. If you are starting out in forex trading, here are some tips on how to become a successful forex trader. Continue Reading →

The year 2016 ends imposing a bullish tone to the dollar

The U.S dollar traded higher in the last trading week imposing a strong bullish momentum in the market for the last four trading year in the market against its all major currency pairs in the global market. Though the green bucks traded higher in the last trading week, the EURUSD pair managed to rally high in the market even during low volatility trading session. However, the gain of the EURUSD pair was erased to a great extent prior to the market closing. The over the strength of the U.S dollar index has been measured against the major six currencies in Continue Reading →

Price of crude oil stabilized after hitting after hitting the mark 53.05

The year 2016 was full of major events and the leading investors suffered from an extreme level of confusion in the global market. The first issue was the pending rate hike decision by the FED as they were supposed to hike their interest rate in the very early of this year. However due to the ongoing poor performance of the U.S economy they were struggling hard as they couldn’t manage to hike their interest rate on stated time. In the last FOMC meeting minutes, the FED hike their interest rate on the basis of 25 points and this gave the Continue Reading →