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 . . .
Category: BLOG
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 . . .
How to Develop a Forex Strategy
Before beginning your forex trading, you must develop a forex strategy. A successful trading strategy must be based on several indicators. You should have a thorough understanding of how each currency pairs moves. This way, you will be able to trade successfully in the market. Once you understand how each currency moves, you will be . . .
The EUR Symbol and Its Importance to Forex Traders
The euro currency was first introduced on 1 January 1999 and has been used as a standard for electronic payments and accounting. By 2002, it had been used by the public in 12 countries. By 2006, the euro was the de facto official currency in 19 out of the 27 member nations. The value of . . .
How to Choose a Forex Strategy
A pullback forex strategy recognises critical support and resistance levels and seeks to retrace the original trend movement by entering a position at those points. This is especially useful in intraday trading, where traders often fail to function efficiently. The critical levels are usually at the previous highs or lows, Fibonacci retracements, or at the . . .
Importance of Profit and Different Types of Profit
A business’s profit margin is an important measure of the company’s overall success. A positive bottom line on a company’s income statement is a clear indication that the business is doing well. The goal of every company is to increase its profit in order to remain competitive and grow. This article discusses the importance of . . .
The Euro and Its Importance in Forex Trading
The main purpose of the euro is to create a common currency for all of Europe, without the need for control, oversight, or fiscal integration. While this may sound appealing, the euro’s underlying problems make it difficult to fully embrace its potential. As a result, the euro’s creation has been a mixed bag. But the . . .