Fundamental analysis provides a broad view of a currency pair’s movements and technical analysis defines trends and helps to isolate turning points. Sentiment indicators are another tool that can alert traders to extreme conditions and likely price reversals, and they can be used in conjunction with technical and fundamental analysis.
A managed forex account is a type of currency trading account in which a professional money manager makes trades and transactions on a client’s behalf for a fee. Individual investors who are not experts in foreign currencies but still want exposure to this asset class may consider a managed forex
A forex broker is a financial services company that provides traders access to a platform for buying and selling foreign currencies.Forex is short for foreign exchange. Transactions in the forex market are always between a pair of two different currencies. A forex broker may also be known as a retail
Oil is a commodity, and as such, it tends to see larger fluctuations in price than more stable investments, such as stocks and bonds. There are several influences on oil price. OPEC Influences Prices OPEC, or the Organization of Petroleum Exporting Countries, is the main influencer of fluctuations in oil
What Is a Store Of Value? A store of value is an asset, commodity, or currency that maintains its value without depreciating. A store of value is essentially an asset, commodity, or currency that can be saved, retrieved, and exchanged in the future without deteriorating in value. In other words,
A gold fund is a type of investment fund that holds assets related to gold. The two most common types of gold funds are those holding physical gold bullion, gold futures contracts, or gold mining companies. Gold funds are popular investment vehicles among investors who wish to hedge against perceived
What Is the London Metal Exchange (LME)? The London Metal Exchange (LME) is a commodities exchange that deals in metals futures and options. The LME is a non-ferrous exchange, meaning the exchange does not trade iron and steel. Instead, tradable contracts include aluminum, copper, gold, silver, cobalt, and zinc. Located in
What Is a Silver Certificate? A silver certificate is a type of legal tender in the form of paper currency that was issued by the U.S. government beginning in 1878. These certificates were eventually phased out in 1964 and today can be redeemed for their face value in cash only,
More than a decade after Bitcoin’s introduction, there is still considerable confusion about its taxes. The cryptocurrency was conceived of as a medium for daily transactions but it has yet to gain traction as a currency. Meanwhile, it has become popular with speculators and traders interested in making a quick
Digital money (or digital currency) refers to any means of payment that exists in a purely electronic form. Digital money is not physically tangible like a dollar bill or a coin. It is accounted for and transferred using online systems. One well-known form of digital money is the cryptocurrency Bitcoin. Digital
