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Tips for Understanding the Foreign Exchange Market Part 1

Monday, November 17, 2014 2:14:27 PM America/Denver

Forex tradingThe 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

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The History of Trading Gold: The California Gold Rush - Now

Monday, November 10, 2014 2:07:09 PM America/Denver

Trading goldWhen we left off in our last article about the history of trading gold, John Marshall began the California Gold Rush, spurred by his finding of gold flakes at Sutter’s Mill near Sacramento, California. From that time forward, men and women alike sought to make their fortune with gold.Read More

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The History of Trading Gold: The Beginning - The California Gold Rush

Monday, November 3, 2014 6:25:44 PM America/Denver

Gold has been in human possession since early B.C. times and has always held high value, although it was not actually used as a form of currency until late B.C years. Remnants of ancient civilizations have brought forth evidence of gold used as decorative ornaments and jewelry. Gold was also largely used for religious rituals. Ancient civilizations wore gold as a symbol of their loyalty and as offerings to their gods. Gold jewelry and emblems have also been found buried in the tombs of the noble and well-known, representing their power.Read More

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Valuing a Country's Currency Infographic

Monday, October 27, 2014 4:10:37 PM America/Denver

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Things You Might Not Know about Some Foreign Currency

Monday, October 20, 2014 5:57:32 PM America/Denver

5 YenPerhaps the only money that has ever interested you is the money in your wallet--Washingtons, Lincolns, Hamiltons, Jacksons, Grants, and in some lucky cases, Franklins. We recognize those faces on our money because of the great deeds they have done for the United States.

There are many other currencies in the world that have their own unique histories. Here are a few things you might not have known about various foreign currencies.

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What’s in Your Pocket?: Top 5 Most Valuable Coins

Monday, October 6, 2014 5:52:31 PM America/Denver

Double EagleWhat if someone told you that a piece of shiny metal weighing less than an ounce was actually worth millions of dollars? This is a truth thousands of coin collectors around the world have discovered. Whether you are a seasoned collector, or looking to get into the trade, you should be aware of five of the most valuable coins in the world.

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Ensuring That Your Foreign Currency is Genuine

Tuesday, September 23, 2014 9:57:00 AM America/Denver

Make sure your currency is genuineCounterfeiting is a huge, illegal business. While it makes many criminals millions, it can hurt unsuspecting people and cause all sorts of uncomfortable situations.

While many people only worry about counterfeit bills in their own country, counterfeit money can also be a huge problem when exchanging your native currency for a foreign one. To make sure that your foreign currency is genuine, follow these four tips:

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10 Tips for Exchanging Your Currency

Tuesday, September 9, 2014 9:44:00 AM America/Denver

Foreign currencyIf you are traveling to a foreign country, most likely you will need to acquire some local currency. From going to your bank, to using a local currency exchange company, to using your credit card, there are many different ways to put this new money in your pocket. Then, of course, there are the questions of how to keep this new money safe and what to do with anything you don’t spend.

To help ease your worries, we’ve pulled together the 10 best tips for currency exchange. By following these tips, you can be sure that you will have the best experience with your foreign money.

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Insight into Central Banks

Monday, July 21, 2014 9:12:00 AM America/Denver

Central Bank of RussiaA central bank is an important institution for many different countries.  With the responsibility of managing a country’s money supply, a central bank works to provide stability to the economy of it’s country.

 

A central bank is owned by the respective country’s government. However, in order to make sure that political decisions do not influence its practices, a central bank is kept separate from the country’s ministry of finance. With precursors dating back to medieval Europe and China, central banks have become commonplace in many different countries.  Some common examples include the Federal Reserve (USA), The Bank of England, Reserve Bank of Australia, European Central Bank, and Central Bank of the United Arab Emirates (for a full list of central banks, go here: http://www.bis.org/cbanks.htm)

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ISIS in Iraq

Tuesday, July 8, 2014 4:09:00 PM America/Denver

Map of Middle EastIn June 2014, a group known as the Islamic State of Iraq and the Levant challenged the Iraqi government.  Led by Abu Bakr al-Baghdadi, the group (also known as ISIS) has taken control over large areas of the country in the west and the north, including several strategic towns on the border of Syria.

One of the unique factors of ISIS is that its ranks are filled with a large number of foreign jihadists. In fact, ISIS claims that it has fighters from the US, the UK, France, Germany and most of the Arab world.  While the exact size of ISIS is unknown, it is large enough to have established itself as a real contender in the current struggle for control over the Iraqi government.ISIS was officially formed in April 2013, growing out of the al-Qaeda group in Iraq. It solidified its presence through military conquests in Syria before crossing over into Iraq.

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