Forex is the largest, most liquid market on the planet. That size and scope creates unique challenges regarding market regulation. How do you regulate a market that is trading 24 hours a day, all over the world? There is no centralized body governing the currency trading market; instead, several governmental
In forex trading, currencies are always quoted in pairs – that’s because you’re trading one country’s currency for another. The first currency listed is the base currency The value of the base currency is always 1 The Bid and the Ask Just like other markets, forex quotes consist of two
Breakout Identify when a trend might be forming.When consolidation happened, markets sometimes range between bands of support and resistance. A breakout is when the market market moves beyond the boundaries of its consolidation, to new highs or lows. Usually breakout will occur first before a new trend occurs. Therefore, seen
Commodity Prices and Currency Moves When trying to distinguish the relationships between certain commodities and currencies around the world it helps to realize that situations can change and the relationships are fluid. However, there are some time-tested relationships that have been established over the years that may continue to hold
Trading forex can be a rewarding and exciting challenge, but it can also be discouraging if you are not careful. Whether you’re new to forex trading or an experienced veteran, avoiding these trading mistakes can help keep your trades on the right track. 1. Not Doing Your Homework Currency pairs
What Is Liquidity? Liquidity refers to how active a market is. It is determined by how many traders are actively trading and the total volume they’re trading. One reason the foreign exchange market is so liquid is because it is tradable 24 hours a day during weekdays. It is also
In the past, the payment providers industry hasn’t been a sector of the retail broking space on which media outlets have put a lot of focus. That changed this year when Finance Magnates reported on action taken by Mastercard to limit the operations of unregulated brokers. At the time, Finance Magnates
Yes, it is legal. The Financial Services Commission of Mauritius considers cryptocurrencies to be regulated as a Digital Asset under the Financial Services Act 2007, and whilst it cautions traders they are now not protected by any statutory compensation agreements, they are legal.
Yes it is legal however, banks consider it as illegal. As of 17 January 2017, The Central Bank of Nigeria (CBN) has handed a circular to inform all Nigerian banks that bank transactions in bitcoin and other digital currencies have been banned in Nigeria. Later on, a committee was set
