Posts Tagged ‘finance’

Top ten gold reserves

Top ten gold reserves

Top ten gold reserves

The gold reserve represents the actual gold held by the central bank of a country or by a major financial organization. The gold is the main form of storing value being also a guarantee that the holder can redeem financial promises. The gold reserve held by central banks is also used to secure the national currency, the higher gold reserve making the currency more stable.

Since the ancient times this shiny yellow metal was considered very valuable and had been used for different purposes. Gold kept its value over time and is still important in the economic and financial areas. (more…)

Binary options, the hottest trend in forex

Binary options, the hottest trend in forex

Binary options, the hottest trend in forex

A new way of forex trading developed recently. Is called binary options trading and makes forex trading a piece of cake. Binary options are based on a simple principle: the rate of an asset or a currency pair has only two possibilities: to go up or down. That is why binary options look more like a bet than a forex trade.

The binary term used comes from the only two possible outcomes of an option like this. The binary options jut hit the online market and their popularity increases exponentially each day. (more…)

Forex market

Forex market

Forex market

The foreign exchange market (also known as forex) is one of the largest markets in the world. With a daily turnover of $4 million is easy to see that. Products traded on forex include currencies, currencies future, currency swap and forex swap. The daily turnover is mostly based on foreign exchange swaps (around $1.8 million daily) and on spot transactions (about $1 million daily). (more…)