Category Archives: Currencies

Japan and China to launch yuan and yen direct trading

Published / by bestforexadvisor / Leave a Comment

Japan and China said Tuesday they will start direct currency trading this week, marking the first time Beijing has let a major unit other than the dollar swap with the yuan. The move, which will scrap the US currency as an intermediary unit, comes as China introduces measures as part of a long-term goal to internationalise its currency, Currency Exchange Toronto and rival the dollar as the world’s benchmark. The yuan-yen trade — part of a wider deal reached last year between Beijing and Tokyo to forge closer ties — will also be allowed to move in a wider range than the narrow band at which the dollar and yuan change hands, Dow Jones Newswires and the Nikkei business daily reported. Continue reading

What are the differences between Forex Practice Account and Forex Trading Account?

Published / by bestforexadvisor / Leave a Comment

One of great benefits of Forex trade is the learning and making your own rules. The Demo or practice account gives easy chance to understand the basics of trade and make all the mistakes to learn how to rectify them. The risk free investment environment of practice Forex account can easily prepare for the actual trading fast. The Practice Forex account is very similar to the trade account; the only apparent difference is that the whole investment you do here is done on the software. It keeps the record of your activity and even give you the whole graphic analysis too so you feel like being on the same platform and start to feel comfortable there also. Continue reading