Ethereum If you’re interested in Ethereum or you’re already investing in it, you might be wondering whether now is a good time to buy. It’s always exciting to ride a hot investment, but there’s also the temptation to wait for a dip first. ETH Price Statistics Ethereum Price $3,404.15 Trading Volume24h $18,996,685,581.00 17.27% Volume /…
Moreover, How to start trading on forex How to start trading on forex? Many want to make money in the forex market, but few who begin to trade forex want to do the prep work needed to become successful traders. While trading forex has become easier now than ever before because you can trade online via the internet, most novice traders…
Can cryptocurrency be taxed? Can cryptocurrency be taxed? The whole world is watching as Bitcoin and the rest of the cryptocurrency market keep notching new record highs. But can cryptocurrency be taxed? The Internal Revenue Service (IRS) is watching, too. If you own cryptocurrencies, you need to understand the tax liability impact every time you…
How exchange rate is determined Current international exchange rates are determined by a managed floating exchange rate. The economic actions of its government or central bank affect each currency’s value that means a managed floating exchange rate. The managed floating exchange rate hasn’t always been in use. The gold standard controlled international exchange rates until…
Is stock trading gambling? Gambling and investing have a lot of similarities. But, they are also very different. Stock trading investments are not gambling. Equating the stock market to gambling is a myth that is simply not true. Both involve risk, and each looks to maximize profit, but investing is not gambling. And, gambling is…
What currency is worth the most Ever thought about which currency is worth the most in the world today? Most likely, you’re thinking now about British Pound, US Dollar, or Euro… Well, guess again. There are at least a few currencies with a higher value than these three. 7. Euro: 1 EUR = 1.16 USD…
Who invented currency Why do people need currency? There are many theories about who invented currency, in part because money has many functions. It facilitates exchange as a measure of value and it brings diverse societies together by enabling gift-giving and reciprocity. Moreover, it perpetuates social hierarchies. Finally, it is a medium of state…
How traders make money Traders make money by employing trading strategies that indicate when a market is likely to advance or decline and then place orders accordingly to catch that move. To be able to not only profit from positive swings, but many traders also make use of a combination of short orders and buy…
Is forex trading profitable? Is forex trading profitable? The short answer is YES, Forex trading is profitable. Trading forex profitably takes time and education. You should come up with a winning strategy, stick to it in a disciplined manner. Moreover, you should maintain the right trading mindset and a bit of luck. The forex…
How many trading days in a year On average, the number of trading days in a year is 252 days, which translates to 21 trading days on average each month and 63 trading days per quarter. However, the number of trading days is not constant; it varies from year to year. For instance, in 2019,…