Category: Currency and Forex
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Global Currency Reset Speculation
Consider the year 1979. In the USSR, the government obstructed price of one ruble is $1.65. Soviet law forbids entry into the country with rubles, meaning tourists are forced to buy the currency at this high price. However, you decide the risk taken in defying Soviet law is worth the potential gain, buy rubles in…
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Offshore Investment Programs for Chinese Residents
A new scheme allowing Chinese individuals to invest in financial markets overseas will be launched this year at the Shanghai Free Trade Zone (FTZ). The program will also see authorities raising the annual quota of foreign exchange for Chinese residents, which is currently capped at 50,000 U.S. dollars a year. “We are working with state-level…
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History of Forex Trading
The foreign exchange market, commonly known as “forex,” is the global market for the trading of currencies. It is the largest and most liquid market in the world, trading at a huge volume of $5.3 trillion a day, which is around $220 billion every hour. While the current, modern Forex market is vast and incredibly…