Forex Currency Majors | Yen | USD | Euro

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The currency market has remained the world’s largest and most liquid market, with trading running into trillions of dollar daily; anyone can get involved and start making money off this market, especially when trading the Yen, USD and Euro. For the newbies who are just getting started in the market, it is essential that they get acquainted with trading terminologies as their popular uses cuts across various fields. This article looks at various currency majors that investors should keenly observe. Continue reading

What is Bitcoin?

What is Bitcoin?

 

It is an almost unexplainable type of money. It is a new type of electronic money. It’s already become “the defacto standard” of digital currency.

Remember how email transformed old-fashioned mail forever? Well, Bitcoin is altering money forever. Continue reading

Big Buffett bet

 

Big Buffett bet

In 2002 Buffett made a very public $12 billion bet against the dollar. He raised the amount to $20 billion as of January 2005, but cut back to $16.5 billion in June 2005 after losing nearly $1 billion in the first half. He closed the account in August 2008. Since Buffett made the forex trades in the name of his publicly traded company, Berkshire Hathaway, forex gains and losses were reported quarterly. Continue reading