How to Play Weakness in Oil and Russian Currency into 2015
Apart from the political stance that Russia has taken, there are a many other things that the country will have to worry about. Starting Q4 2014, the country was seen trying hard through various tactics to get its slowly sinking economy back on track. In spite of the sanctions against it not having the expected effect on the country, Russia seems to be in trouble nevertheless. There are many reasons for the slow droop of the Russian economy and two important variables are to blame - the fall of the forex market and oil.
Performances of Different Currency Pairs in 2013
The Forex market is regarded as one of the most active and liquid markets in the world. The market also offers enormous flexibility for traders looking to capitalize on opportunities created between some of the most commonly used currency pairs. The performance of these currency pairs over the course of the 2013 year allows a trader to accurately analyze and measure which currencies are performing better than others in relation to particular currencies. Also, currency pair performance will help traders discover which currency pairs are most profitable to trade with.
What is Bitcoin? Getting Familiar with New Age Currency
The creation of Bitcoin in 2009 marked the emergence of the new age currency called cryptocurrency, which is managed through an encryption technique known as cryptography. Cryptocurrency is basically virtual currency and is valued in world currency units, like the US dollar. The popularity of Bitcoin and the growth in its value due to investor interest and media attention soon after it was launched, has resulted in the emergence of similar new age currencies that people can invest in. Here is a note on some of the emerging new age currencies today.
Gold and Silver in Forex Market
Many traders of EUR/USD-the most commonly traded currency pair in the $4 trillion + forex market-pop open the champagne when they have 100 pip profit trading days. These types of days however, can become rare during certain periods. Indeed, there are times when the daily trading range on the EUR/USD is only 50 pips. This can make it difficult for intraday traders, as well as try the patience of longer term traders. For traders of gold (XAU) or silver (XAG) however, 100 pips+ are normal within each hour of most trading sessions, and the daily range of gold, can exceed 1,000 pips, with news days often 2,500 pips. For traders of silver (XAU), these ranges can double or triple that of gold (XAU). Of course, where there is smoke, there’s fire...and the “fire” that can make you wealthy, can also burn you like nothing else.
The Exotics - Beyond the Major Currency Pairs
As the world’s reserve currency, a role that had formerly been that of the GBP before World War II, the USD is the cornerstone of the currency market. Of the more than $4 trillion in daily volume in the currency markets, 90% is USD related. The dollar has and will continue to have, great influence on all markets, for years to come. However, the world is rapidly changing, and while currencies such as the USD, as well as the GBP, JPY, CHF, will likely continue to dominate, increasing volume can be seen for others such as the AUD, NZD and the CAD. These minors...or as some call them-miners-due to their underlying fundamentals and the connection with raw materials....are experiencing a greater share of trading activity as well.
Best Currency Pairs to Trade
With 196 countries in the whole world, there is a handful of currency pairs to trade. The question is, which currency pair are worth trading and why? What do most traders trade? Which currency factors influence the trading success?
One vs Multiple Currency Pairs
There are many aspects forex traders observe in order to pick the most profitable currency pair. Forex market has endless possibilities and no restrictions on which currency to choose and how many currency pairs to trade. The question is what are the most preferred currency pairs? How to choose the right currency pair? Is sticking to one-pair path beneficial or it is more profitable to multitask?
Currency Nicknames - Popular or Geeky?
Currencies are like a bunch of kids in high school, fighting for popularity. Some currencies are geeky and some are perfect candidates for prom king and queen! Each and every currency has a nickname and unlike high school kids none of the currencies get "offended" when you use its nickname!