Bitcoin Is Digital Gold!

If you are planning a money transfer abroad or intend to open an account with a Forex dealer one of the first steps is to start learning how to read historical currency exchange charts. Countless websites offer free and paid Forex charts. Real time Forex charts are intended for use by professionals while delayed quotes or yesterday’s central bank fixing are used for statistical purposes, which is fine for most applications.

Every country in the world has a central bank to oversee the economy and protect the national currency. Most countries have just one central bank, often call “national” bank but other examples also exist. The Federal Reserve is the central bank of the United States although every state also has a separate central bank operating on a state level.

Most major world currencies fluctuate freely on the currency exchange market, in contrast to the so-called “pegged currencies”, which are tied to another major currency. The two common types of a fixed rate foreign exchange regime include a fixed and unconvertible exchange rate, and a fixed and convertible exchange rate. The first method of fixing the exchange rate involves a ban on the free conversion of the local currency into a foreign currency while the second one features free market for foreign exchange but fixes the exchange rates of the local currency.

The floating exchange rate regime allows the currency rates to fluctuate according to the market supply and demand. Fixed currency rates are usually pegged to one of the major currencies.

One of the pillars of the status of the United States as a global super power is its currency, the U.S. dollar, which served as a major international reserve currency in the decades following the World War 2. Recently, the U.S. dollar faces increasing pressure from a newborn currency; namely, the common European currency, the euro, which is evolving into a new major reserve currency and this situation affects the euro currency rate against the dollar.

Forex is a foreign exchange market that trades on a global basis. It is a big money business that is attracting investors all over the globe, including newcomers.

Forex trading is a professional job. It requires much discipline and skill to tame the wild beast called global economy and the surprises that it tends to bring. You definitely do not want lousy partners for such a challenging task.

Money transfers worth more than USD 390 billion will be conducted in 2010 and experts believe that next year the global money transfer market will exceed USD 400 billion. This is a huge amount and many unscrupulous people are tempted to filch your money during a money transfer process. Moreover, in addition to online money transfer providers some financial institutions offer the so-called e-mail money transfers, which sounds like a very convenient way to send money abroad.