What Do You Need To Trade Forex?
Forex trading is probably one of the simplest businesses to run and get started from home. The equipment needed is just a laptop or desktop and a broadband internet connection. You will of course need the means to trade forex which is via a spread betting platform and a charting package to make your charting decisions.Can the Euro Serve As a Safe Haven for Investors?
Forex dealers and experts around the globe are debating whether the euro can be considered a safe haven for investors and whether it is good for the euro to maintain its relatively high levels. In the past decade, the single European currency managed to become a leading world reserve currency rivaling the U.S.Understanding SWIFT and IBAN: Essential Details When Making A Money Transfer
SWIFT stands for Society for Worldwide Interbank Financial Telecommunication and IBAN is short for International Bank Account Number. The vast majority of all international fund transfers are made via the SWIFT messaging system which allows banks to exchange financial data…Are Online Money Transfer Methods Secure?
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.How Does The Swiss Franc Affect The Euro Exchange Rate?
Not many governments in the world are happy to intervene in the market supporting another currency, but the Swiss National Bank poured vast amounts of money to support the euro exchange rate against the Swiss currency between March 2009 and June 2010. These efforts had only a temporary effect, though. One of the factors shedding light on such, at first sight strange, situation is the fact that traditionally the franc is a strong currency, or “hard currency”, and many investors look at the Swiss currency as a shelter in times of financial turmoil and ongoing crisis.