Tag Archives: Economics

Forex scammers and their modus operandi

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As trading in foreign currencies are getting popular by the day, forex trading scams are becoming more common and wider than ever. Forex traders who are beginners are considered to be the biggest prey for these scammers. All this is because the forex market is not regulated. The following are some popular tricks employed by scammers to catch people who are unfamiliar with the forex market unawares. Continue reading

Japan and China to launch yuan and yen direct trading

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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

Futures Trading Platform versus Forex Trading Station

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Future Trading Platform and Forex Trading Station are both great investment tools. While the market might be filled with different Future Trading stations with complex strategy forecast and other fancy option, the Forex trade is simpler. Here are some important areas about these two. The Future Trading Platform has been around since late nineties; clearly this is a mature market and the software developed for this can be obtained from many sources and sites. This is complex market to start with; the commodities here include everything from gold, silver, gas, e-share, currencies, and even the grains. The investment in any sector or commodity is quite easy in real time. Continue reading