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Currency pair plays an important role in forex profit making. Currency pair refers to the currencies that you are buying and selling with. There are two types of currency pairs in forex and they are called the major currency pairs and the minor currency pairs. All of these currency pairs are used in Forex by the traders. Though there are minor currency pairs, it is always the major currency pairs like EURUSD, USDJPY, GBPUSD and USD/CHF which are in popular use always.
When you are a Forex trader, do not think this trading some sort of entertainment. When the interested people look at the graphs of Forex market, they are greatly entertained. They took it as an easy money. The graphs are changing every time. The signals are moving up and down. If they place a trade, they can make easy money in the market. Also, Forex allows the interested groups to become traders with a little money. You do not have to go to an office, you do not have to dress up like an…Continue
There is no denying that gold and silver are the most popular among precious metals that are traded. This is mainly due to the various industrial and retail benefits they both offer. However, the advancement of technology has prompted the use of two other metals on a much wider scale. They are platinum and palladium. Most traders don’t realize the various advantageous trading which these two precious metals can offer. (Information courtesy:…Continue
Gold is a playing a crucial role in the financial market, since the ancient age. Since then, this metal is treated as the synonymous of luxury and power. Gold was used as a currency for several countries, and it was also used to make religious idols. In fact till 1971, the USD was pegged to gold. The central banks hold a huge deposit of gold for emergency purpose. As an effect of the great depression, the gold rate was fixed at 35 dollar/ounce the Roosevelt administration. But in the year…Continue