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Numerous factors could affect the exchange rate of a country. Here I have rounded up on some factors that have an upper-hand on the exchange rate of a country.
Inflation: When the inflation rates lower the currency value becomes higher and vice versa. It is the rate of rising prices of ... Views:412
Many years ago, if you wanted to build a stock portfolio to invest your savings, you only had these choices: doing it manually, selecting stocks that you prefer or following a financial advisor, your intuition, or a newspaper, or you could invest in mutual funds that would have done the entire ... Views:412
Singapore is perhaps the most favorite destination for a holiday. Its the most preferred choice for people of India as well. Over the years, Singapore has also emerged as the most popular place for higher education. Are you planning a trip to Singapore, then you will need to convert the ... Views:411
There are many trading indicators available for use in stock markets. A popular one is the Elliott Wave model. The Elliott wave models have been around since the early 1950s and have been used by many in the financial community, especially in the stock markets. Their use is easy: just buy a ... Views:409
What is the afterlife like? Does it look like what we read in the Bible ... or what our teachers and preachers tell us it will look like? Or should we trust skeptics, cynics, and debunkers who tell us that NOTHING awaits us?
Do you wanna know the truth?
Most people who teach, preach, and ... Views:408
According to a 2020 United Nations report, India has the largest expatriates’ population in the world, with close to 18 million Indians living abroad. Understandably, there is often a need to send money abroad to friends or relatives working, studying, or settled in other parts of the globe. ... Views:399
Finding the right forex trader for you can be a test of patience and frustration. The rapidly changing forex market produces more traders faster than it can dump discouraged ones right back on the street. With all this confusing action, it may seem that a good trader is as hard to find as ... Views:395
The ‘Renminbi’ is the official currency of the People’s Republic of China. It was introduced in the year 1949 by the Communist People’s Republic of China. The ‘Yuan’ is a unit of the Renminbi currency. Forex traders in order to avoid the confusion started considering the 1 Chinese Yuan (CNY) as ... Views:394
Money is an important area of human life. So it is simultaneously important that the money which the person already holds should increase. And for this reason, people make efforts to increase the same. Some go for investments in various segments some deposit the same into the banks and some go ... Views:394
Common Retracements
The Fibonacci Retracements Tool at StockCharts shows four common retracements: 23.6%, 38.2%, 50%, and 61.8%. From the Fibonacci section above, it is clear that 23.6%, 38.2%, and 61.8% stem from ratios found within the Fibonacci sequence. The 50% retracement is not based on a ... Views:389
What Is a Technical Indicator?
A technical indicator is a series of data points that are derived by applying a formula to the price data of a security. Price data includes any combination of the open, high, low or close over a period of time. Some indicators may use only the closing prices, ... Views:381
There is no person, who does not like money? If we talk about money none wants that the money they are having should be constant but it should be in increasing quantum when we talk about money there are numerous ways which is available to work with money to increase the same.
Forex is a great ... Views:379
The ‘Renminbi’ is the official currency of the People’s Republic of China. It was introduced in the year 1949 by the Communist People’s Republic of China. The ‘Yuan’ is a unit of the Renminbi currency. Forex traders in order to avoid the confusion started considering the 1 Chinese Yuan (CNY) as ... Views:373
Psychological Traps
1. Anchoring Trap
First, there is the so-called anchoring trap, which refers to an over-reliance on what one originally thinks. Imagine betting on a boxing match and choosing the fighter purely by who has thrown the most punches in their last five fights. You may come out ... Views:372
S&P 500 Inclusion Criteria
The S&P 500 was created in 1957 and is one of the most widely quoted stock market indexes. S&P 500 stocks represent the largest publicly-traded companies in the U.S. The S&P 500 focuses on the U.S. market's large-cap sector.
An S&P 500 company must meet a broad set ... Views:341
Trading cycle
Once identified and understood, cycles can add significant value to the technical analysis toolbox. However, they are not perfect. Some will miss, some will disappear and some will provide a direct hit. This is why it is important to use cycles in conjunction with other aspects of ... Views:321
Avoid emotional trading
Trading psychology describes how a trader handles generating gains and handling losses. It represents their ability to deal with risks and not deviate from their trading plan. The emotional aspects of investing will attempt to dictate your every transaction, and your ... Views:318
Narrative Economics
stories affect economics, look no further than the example of Bitcoin.
When the idea of Bitcoin was first introduced online in 2008 by a mysterious person under the name Satoshi Nakamoto, hype quickly grew around it. It was an entirely new system of money that had the ... Views:310
Why I Go To Investment Conferen
I’m off to a conference this week for the International Federation of Technical Analysts (IFTA). Why am I going? What do I hope to get out it? When you go to investment gatherings, what are your expectations? I’ve garnered essential benefits from a wide ... Views:298
Personality
Personality refers to the enduring characteristics and behavior that comprise a person’s unique adjustment to life, including major traits, interests, drives, values, self-concept, abilities, and emotional patterns. Various theories explain the structure and development of ... Views:285
What Is a Retracement?
A retracement is a technical term used to identify a minor pullback or change in the direction of a financial instrument, such as a stock or index. Retracements are temporary in nature and do not indicate a shift in the larger trend.
KEY TAKEAWAYS
A retracement is a ... Views:283
Beta and Passive Risk Management
Another risk measure oriented to behavioral tendencies is a drawdown, which refers to any period during which an asset's return is negative relative to a previous high mark. In measuring drawdown, we attempt to address three things:
The magnitude of each ... Views:275
Understanding Trading Strategies
A trading strategy includes a well-considered investing and trading plan that specifies investing objectives, risk tolerance, time horizon, and tax implications. Ideas and best practices need to be researched and adopted then adhered to. Planning for trading ... Views:263
Customer satisfaction
Despite all the effort and money poured into CX tools by companies, customer satisfaction continues to decline. In the United States, it is now at its lowest level in nearly two decades, per data from the American Customer Satisfaction Index (ACSI). Consumer sentiment is ... Views:254
Universal Principles in Psychology
Individual differences vs universal principles in psychology is an ongoing issue similar to the nature vs nurture debate. Do psychologists focus on what makes us different or what makes us the same?
Universal principles are behaviors and traits that are ... Views:252
The Surprising Power of Small Habits
Category: Growth, Habits, and Peak Performance
Description: We live in a world of competition. The margin between good and great is slimmer than ever before. Small habits can unlock the improvements you need to get the results you want.
Your life today ... Views:251
Why do traders buy native tokens of exchanges?
Native tokens, often referred to as exchange tokens, are digital tokens that cryptocurrency exchanges issue to offer their users a variety of advantages. These tokens can be exchanged for access to premium services, a reduction in trading fees, ... Views:226
Psychology Around the World
In the dark days of China's Cultural Revolution, the government closed the nation's psychology departments and research institutes. It banished psychologists to remote areas of the countryside to work the land. It dismissed psychology itself as a bourgeois ... Views:187
The World Meteorological Organization
The World Meteorological Organization (WMO) is a specialized agency of the United Nations responsible for promoting international cooperation on atmospheric science, climatology, hydrology and geophysics.
What we do
As a specialized agency of the ... Views:177
Knowing the common sweaty feet causes will give you an advantage in dealing with them properly. It is difficult to find a solution if you do not know where the problem is. So if you have some information about the probable causes of sweaty feet, you can avoid or treat this unpleasant condition ... Views:171
In today's economic climate, everyone is looking for ways to earn extra income. Whether you're a college student trying to pay for tuition or a single parent trying to make ends meet, the idea of finding a part-time job is an appealing one. One such job opportunity that has gained popularity in ... Views:170
Investing in the stock market can be a rewarding journey toward financial growth and wealth accumulation. While it may seem intimidating, successful stock market investing is not reserved for financial experts alone. In fact, with the right strategies and a basic understanding of key concepts, ... Views:163
This is Jesus, Son of Mary, the Word of Truth
Festivals and celebrations are considered one of the distinctive characteristics and key features of societies around the world as they constitute a major part of cultural fabric for people. This means that there is hardly any human society ... Views:163
Top Companies by Market Cap
By market capitalization, as of January 2022, Apple (AAPL) is the biggest company at $2.652 trillion, followed by Microsoft (MSFT) at $2.222 trillion, Google (GOOGL) at $1.725 trillion, Amazon.com (AMZN) at $1.446 trillion, Tesla (TSLA) at $947.92 billion, and Meta ... Views:161
How Should We Celebrate the Anniversary of the Birth of Prophet Muhammad (PBUH)?
For Muslims, Prophet Muhammad (PBUH) is the best creature ever. He is the last messenger and prophet sent by the Almighty Allah to guide people from the darkness of ignorance to light of Divine guidance. At ... Views:156
What Are Commodities?
Do you ever think about what goes into that cup of coffee you reach for every morning? What about the gas that you use to fill up your tank every week? Most of us never realize it, but virtually all of these goods begin with commodities.
Commodities are an extremely ... Views:142
Understanding the Investment Risk Ladder
Here are the major asset classes, in ascending order of risk, on the investment risk ladder.
Cash
A cash bank deposit is the simplest, most easily understandable investment asset—and the safest. It not only gives investors precise knowledge of the ... Views:127
Berkshire Hathaway
Warren Buffett became the controlling shareholder of Berkshire Hathaway in the mid-1960s and began a progressive strategy of diverting cash flows from the core business into other investments. As of May 2023, Berkshire Hathaway had a market capitalization of over $715 ... Views:113
In the realm of Forex trading, 2023 has marked a pivotal year. The catalyst behind this transformative shift? The burgeoning application of Artificial Intelligence (AI) in Views:89
Noise Trader
Noise trading refers to a style of investing in which decisions to buy and sell are made without the use of fundamental data specific to the company that issued the securities that are being bought or sold. Noise traders generally make short-term trades to profit from various ... Views:88
In the fast-paced world of financial trading, staying ahead of the curve is imperative. Traders are constantly seeking innovative tools and strategies to gain an edge in the highly competitive forex market. One such tool that has been gaining significant traction in recent years is the forex ... Views:34