Currency around the world is fascinating, but that’s not all it is. It can make your rich in more ways than one. Using the Foreign Exchange Market, or forex, you can trade currencies for profit. However, it would be unwise to begin without first knowing the current most valuable currencies in the world today.Read More
Thursday, January 22, 2015 3:05:53 PM America/Denver
Thursday, January 15, 2015 3:00:52 PM America/Denver
According to FBI crime statistics, 1 in 4 homes will be robbed in the next 5 years, which means the time to act is now. You need to do everything you can to prevent your most personal and prized possessions from leaving your house in a burglar’s hands.
Getting a safe or vault for your home is a great way to protect your most important valuables, but only if you choose the right one. Before you buy a safe, here are a few things you should consider.Read More
Thursday, January 8, 2015 2:54:10 PM America/Denver
The Iraqi dinar is one of the most interesting currencies in the foreign exchange market (forex). With it’s country in political turmoil, the Iraqi dinar becomes even more interesting, and it’s good to keep up to date with the latest news surrounding the currency. Here are a few things you might want to know about the current state of the dinar.Read More
Thursday, January 1, 2015 2:49:41 PM America/Denver
Despite political unrest, Iraq has had it’s ups and downs over the year of 2014 and here are some of the events that took place.Read More
Tuesday, December 23, 2014 4:09:39 PM America/Denver
The Libyan Dinar is the current form of currency in Libya. How it got to be that way stems from a rocky history. Libya spent most of its existence under rule by other empires. It survived two World Wars and four different empires before it finally claimed its independence from Italy in 1951 with the help of the United Nations. The new country officially became known as the United Kingdom of Libya.
Libya was very proud of its freedom after centuries of being ruled by other countries. The people of the country no longer wanted to be associated with Italy in any way and that meant getting rid of the lira as its official currency. As one of its first acts following Italian rule, Libya decided to create its own form of currency, and in 1951, the Libyan pound was introduced.Read More
Tuesday, December 16, 2014 4:01:22 PM America/Denver
Kuwait’s official currency was first introduced in the early part of its existence. The first coins were made during the reign of Kuwait’s fifth Amir, who ordered the use of an official currency in an attempt to state Kuwait’s independence. These coins were all made by hand with a hammer, so each coin looked a little bit different than the others. Each misshapen coin was equal to one paisa.
This coin was only on the market for a few months. It was withdrawn for a few different reasons. Kuwait was already using the Rupee of Queen and Empress Victoria and the Indian paisa, so the second, handmade series of coins caused confusion and problems in the economy. The Indian paisa currently owned the market, so the introduction of another coin did not stick, and Kuwait had no gold reserve to compete with the stability of the Indian paisa, which had ample amounts of gold to back it.Read More
Tuesday, December 9, 2014 3:54:59 PM America/Denver
Our last installment of the history of silver cut off just before Columbus would travel to the New World in 1492. This discovery of new continents was perhaps the biggest milestone in the history of silver to date. The new land turned out to be a wealth of silver, particularly in the areas we now know as Mexico, Bolivia, and Peru. The silver that would be mined in these areas would account for 85 percent of the silver that would be mined for the next 300 years.
During this time, the Spanish introduced the most common coin in the time of the 16th and 19th century, the pieces of eight. These coins helped the silver trade become global, and soon became the international currency of the time.<Read More
Tuesday, December 2, 2014 3:41:53 PM America/Denver
Though it is rare and beautiful, silver has never been esteemed quite as rare and beautiful as gold, which is the reason that gold has been valued much higher and was the monetary standard in many countries for centuries. However, silver is still an important part of the world economy today. Read on as we discuss the interesting history of trading silver in two parts.
For a good part of human history, silver was considered money. It was discovered around 5000 B.C., and though it was not widely used as currency, it was immediately recognized as a rare and valuable substance. In 3000 B.C., people really began to take notice of the shiny metal and thus began a concentrated effort to mine and collect it.Read More
Monday, November 24, 2014 2:18:32 PM America/Denver
A week ago, we posted four tips for understanding the foreign exchange market (forex). This article will feature the next four tips to help you get started in trading foreign currencies.
Effectively Manage MoneyRead More
Monday, November 17, 2014 2:14:27 PM America/Denver
The foreign exchange market (forex) is the official platform for trading foreign currencies with the intent of making a profit and it is one of the fastest growing markets in the world. Those who truly want to succeed with forex need to have a thorough knowledge of it. To help you get started, we’ve put together a two-part blog post offering tips for entering the market.Read More