Resources

What are the Web Platforms?22.01.2016

To begin the trading process, a necessary condition is the existence of the trading platform. The trading platform a special software system and hardware that provides interaction between trader and broker based on the internet. Today there are many different trading platforms, but the most popular one is obviously MetaTrader 4. Simply put, the trading platform is the software program that is installed on the computer and the trader uses it for online trading. The trading platform is provided free of charge by the broker when you open an account, regardless of whether it is demo or real account. It has several important functions: -          It displays the market situation, in other words, it provides you with the information on quotations in real time. This information is systematized and grouped to display in the form of charts. You can select a time interval for which the information will be grouped together. This frequency is called ...

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Discover the Australian Dollar15.01.2016

The Australian dollar is the currency of the Commonwealth of Australia. According to the rating of 2015, Australia is 12th considering the rate of GDP, in terms of population it is 50th place, and considering the value of its exports, it is on 19th. Though AUD was floated only since 1983, it has become one of the most traded currencies in the Forex market. The reason for the popularity of "Aussie" is thought to be geography, geology, and the local government policy. The country is rich in minerals. There are extracted oil and gold, uranium and coal, iron ore, nickel and diamonds. The agriculture also brings significant revenues to the state. The favorable geographical position allows Australia to permanently supply with resources the developing economies of Asia, which is also very beneficial. The Australian Government policy allows to constantly keeping high rates of interest. In the country you will find a stable government and economy, which permit not to intervene in the currency...

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What is the stock market and how can you benefit from it?08.01.2016

The stock market is a financial mechanism through which buyers and sellers of securities carry out transactions between themselves. You should remember that the placement of securities which are issued for the first time occurs on the primary market, and then their resale – in the secondary market. The Stock Exchange is in fact about organizing the functioning of securities as well as other financial instruments. The activity of stock exchanges aims to facilitate the movement of money capital between different economic actors. The course of securities is mainly formed on the stock exchange. Who are the participants in the stock market? We can differentiate the following participants of the securities market: The issuers – they are legal persons authorized to represent the state. They attract money through the issuance of securities and fulfill the obligations associated with these; The investors – they are physical and legal entities that buy securities, pursuing...

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The British Pound Sterling24.12.2015

From a financial point of view, the British pound sterling (GBP, Pound or Sterling) is one of the most important currencies in the world. It is ranked fourth among its closest competitors considering the trading turnover, and third in the rating of reserve currencies. Pound plays a huge role in the history of the world economy, because for hundreds of years it dominated the international trade operations, being in the place of what is the US dollar today. Yet, the Second World War has changed many things in the world: the British Empire collapsed and the pound lost its leading position, but its significance is not lost. Code: GBP Sign: £ Banknotes: 5, 10, 20, 50, and 1, 100 are rarely used Coins: pence (singular – penny) – 1, 2, 5, 10, 20, 50, and also £1 and £2 British pound also owns a remarkable place in the history of currency speculations and hedge funds. Since 1990, Britain became a member of the European Exchange Rate Mechanism. The system was...

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Chart patterns in Forex18.12.2015

The whole Forex technical analysis is based on the assertion that history repeats itself in the market; therefore, the trader periodically is actually watching the same type of similar events of trading situations. The pattern is a chart figure, allowing us to predict with high probability the future price movement in the market. In this article, we will focus on the most popular, reliable and relevant patterns in Forex. Patterns can be divided into two categories: continuation patterns, and reversal ones. The first group includes those which confirm the continuation of the trend, while the second indicates the possibility of a market reversal. Here are the most common patterns that you may find on the chart: Gap Gap is a chart pattern which occurs when there is an instant of a sharp change. In practice, it looks like a sharp jump in prices on the chart, which is formed as a result of a large gap between the levels of closing one period and opening the next. It can also look like a...

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