The Euro was first proposed as early as the 1970s but has been repeatedly rejected due to economic difficulties. Ultimately, the European Monetary System was established in 1979 to cushion currency fluctuations across the continent. The ECU, or European Currency Unit, was the predecessor of the Euro. It could only be used as book money. . . .
Category: BLOG
How to Choose a Forex Strategy
If you have no idea how to start making money in the forex market, you should at least know what a forex strategy is. It is a guideline which helps you to identify the trends in the market and decide where to invest your money. Forex trading is not as difficult as you may think. . . .
How the ECB Determines the Value of the Euro in Forex Trading
The euro is the official currency of the European Union (EU). It is also used by four European microstates that are not part of the EU. The British Overseas Territories of Akrotiri and Dhekelia, Montenegro, and Kosovo are all using the euro. In addition, the euro is used by some special territories of the EU. . . .
How to Apply a Forex Strategy
A Forex strategy is a set of rules or guidelines that traders use to predict the price movements of currency pairs. Most currency pairs tend to move in a trend, and this trend usually repeats itself in cycles. One such forex strategy is Forex daily trading, which focuses on long-term moves. Identifying a trend trading . . .
How to Calculate Profit
Profit is the monetary gain a company receives after all expenses are deducted from its sales. Profits are typically distributed to shareholders or reinvested in the business. Investors use all three measures to judge the health of a business. While profit is the most common metric, it varies a lot between businesses and industries. Profit . . .
How the Euro is Used in Other Countries
The Euro is the official currency of the European Union. It is used by 19 EU member countries, as well as by a few smaller states. This currency has become a global standard, and is used by over 343 million people. The euro is divided into 100 cents, just like the US dollar. If you’re . . .
How the Euro May Affect Forex Trading and Traders
Although short-term currency movements are often unpredictable, recent weak euro trends are affecting the global economy. Imports to the eurozone have become more expensive, and the currency’s recent fall has weakened its reputation as a force in the global economy. If the ECB acknowledges that there is a problem with the euro’s over-inflation, they could . . .
How to Make Money With a Forex Strategy
In the world of forex trading, many traders use the Fibonacci indicator as a tool to spot entry and exit levels and stop-loss levels. Another forex strategy known as the Bladerunner uses the indicator to determine entry and exit points. It gets its name from the science fiction movie of the same title. This forex . . .
The Difference Between Economic and Underlying Profit
There are two basic types of profit: economic and underlying. Economic profit is more theoretical and used for tax purposes, while underlying profit is more realistic and used in business decisions. Accounting profit is generally used by companies, but many supplement it with a subjective take on their profit position. Underlying profit, for example, excludes . . .
How the Euro Affects Forex Trading
The euro has not lived up to its promise of political integration and prosperity. In fact, its goals seem more distant today than they were before the creation of the euro. And many argue that it may be time for the euro to go – or be scrapped altogether – if the European project is . . .