Trade24 Offers Managed Forex Accounts for Novice/Busy Traders

Forex

Article source: newsbtc.com

Forex brokerage company Trade24, which also offers managed forex account services, spoke lengths about the benefits that come with it.

It has been a decade since forex trading had made its debut on internet. And as it is evident, the industry hasn’t looked back ever since, and is now among the largest markets in the world with its daily trading volume hitting as high as $USD5.3 trillion.

There is no harm in saying that many people are moving into online forex trading in hopes to make attractive returns. This bandwagon is undoubtedly growing, but also growing is the risks associated with the online investments. Much of these risks attribute more to the investors’ poor decisions than external factors such as manipulation and scams. There are still many investors that are either too deflected or too immature while investing big sums into the forex market. The amount of losses, therefore, naturally turns out to be higher than expected returns.

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Binary Option Derivative Trading and the Fintech Innovation

Article source: prnewswire.com

There is no arguing that there has been a major financial technology revolution over the past few years. Only a decade ago, we were completely oblivious of crowd funding, peer to peer landing, Bitcoin, blockchain protocols, and many more financial innovations. One of the most innovative, and fascinating instrument that has been coined “the rising star” is the Binary Option. Binary Options have played one of the most intricate roles in revolutionizing the derivative trading industry, by bringing it to the layman, to the masses. No longer is derivative trading restricted to professional brokers or investors; the Binary Option has made it so that anyone can be a trader.

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forex

Egypt cbank keeps pound stable at forex auction amid devaluation talk

Article source: dailymail.co.uk

By Asma Alsharif and Lin Noueihed

CAIRO, July 12 (Reuters) – Egypt’s central bank kept the pound stable at 8.78 to the dollar at its weekly foreign exchange auction on Tuesday, confounding expectations of an impending devaluation that had driven up the stock market.

The central bank said it sold $118.6 million at its regular forex auction at the existing rate. The announcement confirmed earlier comments from bankers.

Egypt devalued the pound by about 14 percent in mid-March in an effort to crush a black market for dollars that has burgeoned amid an acute foreign currency shortage that has hurt businesses and discouraged investment.

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