Browsing: USD

IMF warns British economic plan

In terms of foreign exchange reserves, according to HM Treasury, Britain has net official reserves of US$ 114 billion whereas it plans to embark on an economic plan to pull itself out of the stagflation quagmire by spending no less than US$ 173 billion dollars. If Britain were to use all its foreign exchange reserves to meet the cost of its economic plan it would run short of money and still have a deficit of US$ 59 billion dollars before fully implementing its plan.

Fair enough and granted, governments do not always have to spend cash that they have on hand. They can always borrow if they do not have sufficient cash to finance their operations.

Herein is the problem, the current economic environment does not support borrowing either by individuals, households, or governments. The cost of borrowing is just simply too high either by domestic debt or foreign debt. …

Forex trading in south africa

When it comes to the forex market, failing to plan is planning to fail. The more strategies you master, the more likely you are to consistently profit.

The foreign exchange market is the largest financial market in the world, experiencing a daily trading volume of more than $ 6 trillion.

Forex trading is the process of speculating on currency prices to potentially make a profit. Currencies are traded in pairs, so by exchanging one currency for another, a trader is speculating on whether one currency will rise or fall in value against the other.

The value of a currency pair is influenced by trade flows, economic, political and geopolitical events which affect the supply and demand of forex. This creates daily volatility that may offer a forex trader new opportunities.

The daily forex trading in South Africa is estimated to be around $19 million and the South African rand is …

Forex trading is not something new to financial players nor is it a trend of recent past, its growth between business and financial players has continuously proved its popularity among the retail traders for over a decade now and counting, thanks to technological advancements and low barriers to entry. You or your friend might have been interested to for a while now to join the Forex trading but for one reason or the other you don’t know the dynamics involved in the trade [of the Forex market]. Well here is an introduction to aid you through, it will help you decide whether Forex trading is right for you or not.

Definition Of Forex Trading

Forex trading is one of the most popular markets to trade. It is easy to start, and you can take advantage of a market that is open 24/5. All you need is knowledge of what makes …