Forex trading has become very popular in recent years but people have been exchanging money since ancient times. The main reason for that was, of course, trading. Before the invention of money people bartered goods, but the limitations presented by this type of trading system gradually led to the introduction of more unified exchange units such as grain, cattle, obsidian, copper and silver. With the evolution of societies their needs got more refined and the division of labor increased, which in turn made indirect exchange more widespread and required the use of a common medium to facilitate trading. The times of Ancient Egypt and Ancient Greece saw gold coins being minted and used as a payment method. During the Middle Ages with the development of more advanced ships allowing for longer voyages and establishing new trading routes Continue reading
Forex stands for “Foreign exchange” and essentially is the “place” where currencies are traded. Also known as the “Foreign exchange market”, “Foreign currency market”, “Currency market” or simply “FX” the Forex market is the largest financial market in the world. With an enormous turnover of up to $5 trillion a day it dwarves even the New York Stock Exchange with its meager $22.4 billion daily. The high turnover also makes it the most liquid market, which enables you to trade currency pairs without worrying that price will suddenly jump up or down.
The development of technologies, the Internet and the emergence of numerous Forex trading platforms have made Continue reading
Binary Options trading has been significantly growing in popularity and the Internet is rife with Binary Option brokers, robots and Social Trading platforms. But what exactly is binary options trading and why is it so popular? Unlike other financial investments where you buy stocks and hope their value will increase, then sell them at a higher price and make a profit, in binary options trading you don’t actually buy the assets themselves but predict what direction the asset price will take within a specified period of time. As the name “binary” suggests there are two possible scenarios − the price will go up or it will go down.
In case you have predicted the direction of the price correctly, for example you have predicted that the price will increase and it does indeed rise − then your investment pays out. However, if your guess Continue reading