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What Every Forex Rookie Needs to Know

First of all, let’s explore the exact meaning of this word: “FOREX”.

FOREX is the international currency exchange, where every single day nearly 3-5 trillion USD are being transacted by traders from all around the world.

Most people are 100% convinced that FOREX is the same thing as the notorious Stock Exchange but they are wrong.

Although when it comes to certain aspects, these two are pretty similar, a few significant differences are there to make sure that you will set them apart.

FOREX is a market where the currency can be electronically traded, a process that can be done directly through any authorized bank.

In order to start your FOREX journey you need a computer with Internet access and you have to make ensure that you’re well-acquainted with this world. If you are a newbie you can access various information and solutions of the issue’s that are faced by newbies via various forex forum available on the internet.

This is the main advantage when it comes to this activity field: you can pretty much earn money and work from anywhere.

Another advantage is the schedule established by the FOREX market – the trading sessions take place during a certain time frame, five days per week, unlike the Stock Exchange, where every single state has its own working schedule.

On FOREX, just like on Stock Exchange, there are mandatory regulations and oversight bodies that protect the interest of all participants while the pricing mechanism is mostly based on demand and supply.

And, of course, just like on Stock Exchange, there are traders and investors looking to administrate the sale and purchase of every currency using your personal capital.

Another major aspect that you must take into account is the psychological factor

Before you start trading on a real account you have to overcome your weaknesses in terms of fear, doubt, greed, euphoria and other emotions that most times interfere when you’re trading significant amounts of money.

When it comes to a demo account, all your mistakes are passed over, but trading on a demo account for too long is not recommended either: your analysis becomes less tenacious and skewed and a transition to a real account will not be easy, experts claim.

Trading on a demo account between two weeks and two months is certainly not enough to become a professional and gain the experience that you needed.

But just like anyone who is part of this new “generation” of traders, there is a time when you should start trading on a real account because the more you risk, the more you will start opening new windows to make profit and boost self-confidence.

The simple fact that you own a real account will motivate you to start the market analysis, look for interesting trading opportunities, to improve your strategies or test new ones – in short, you will be able to develop a successful professional life.

Despite the fact that your FOREX experience will be littered with ups and downs, winnings and losses, eventually you will discover that, in fact, this is your path to success.

Ford’s plan to keep up with its biggest rivals from the industry

The new chief of Ford has revealed the plan the American carmaker has to keep up with the changes in the industry, informs the BBC.

Jim Hackett has announced that Ford will move their traditional cars resources for SUV’s and trucks and at the same time, invest in electric cars and technology services.

The US manufacturer will also automatize technology processes, resulting in a $14 billion cost reduction.

Hackett introduced the targets after 100 days of assessing the situation at Ford.

He became head of the company in May, after replacing Mark Fields, who served for three years.

The last two years of the three were the most profitable in the company’s history, but the share price fell.

Investors have been concerned that Ford is not moving fast enough in markets like China and electric and autonomous cars to keep up with the competition.

Hackett says the automaker needs to automatize, simplify production processes and invest $7 billion in successful products such as SUV’s or trucks that have led the US sales top this year.

Ford also wants to further modernize its cars, and by 2020 90% of its vehicles can be easily connected to phones and other mobile devices.

The American manufacturer also wants to expand on other business areas such as medical or commodity transportation and car rental.

Ford is already operating a shuttle bus between four US cities called Chariot and plans to extend this niche by the end of next year.

In this regard, the company has signed agreements with several cities around the world, including Mumbai.

Hackett explained that Ford has not so far focused on electric cars because of high costs. But there are partnerships in this area, such as Zotye in China, where the government has asked for a certain share of electric cars on sale.

Ford has high hopes in China, but it is watching closely what is happening in Europe, where the affairs of Americans have been affected by Brexit and the sterling of the pound.

Spain assures the clients and businessmen who deposited their finances in Catalonia’s banks, their money is safe

The Spanish Minister of Economy has assured the clients of all Catalan banks and businessmen from the region their savings are safe amid the crisis from Catalonia, in which the region is struggling to declare its independence from Spain by the end of this week, reports Reuters.

“Catalan banks are Spanish banks and European banks, they are solid and their customers have nothing to fear”, assured Luis de Guindos during a conference in Madrid.

Guindos also commented on Spain’s King Felipe VI’s Tuesday evening speech, accusing separatist leaders of violating the principles of democracy that divided the Catalan society, claiming it was “fair and clear.”

Meanwhile, in Barcelona and other cities from Catalonia street demonstrations and general strikes paralyzed the entire province.

Separatist leaders promise that independence will be proclaimed by the end of this week, following a referendum in which 90% of those voted for self-determination.

The roads were blocked, Antonio Gaudi’s Sagrada Familia was closed, and the FC Barcelona team took a break from their training sessions.

Called by the main trade unions in order to paralyze this region with 7.5 million inhabitants, hundreds of thousands of people mobilized in the demonstrations including students, firefighters or simple citizens frustrated by Sunday violence and how the Spanish Government of Mariano Rajoy managed the crisis.

Russian Money, still invested in German companies

 

 

 

 

 

 

 

 

 

 

 

 

Former German Chancellor Gerhard Schroeder was appointed as one of Rosneft’s board members, as the Russian oil giant is trying to develop its operations in Germany.

Meanwhile, several other Russian companies are also investing in this country despite the ban imposed by the global organizations, writes Deutsche Welle.

After working for the Russian company Gazprom for many years, Schroeder is currently occupying a top position at Rosneft.

The shareholders of the largest Russian oil company have appointed Schroeder as the new chairman, while the company is controlled by the Russian state.

Commenting on this announcement, Rosneft CEO Igor Sechin said Schroeder contributed to the development of projects involving Russia and Germany, now having the mission to promote Rosneft in the entire Europe.

In January this year, Rosneft took control of a refinery in the German city of Schwedt and obtained minority stake in two other refineries from southern Germany.

The company also opened a representative office in Berlin in May, announcing an investment of 600 million euros.

Rosneft and Gazprom energy giants account for more than half of Russian total investment in Germany, said Ullrich Umann, a Russian business expert from Germany Trade and Invest (GTAI).

In addition to the two companies, approximately 1.770 Russian-owned firms are also based in Germany.

When it comes to statistical data, the German central bank published earlier this year an information related to the foreign direct investment.

“As soon as a Russian company owns 10% of the shares, the Russians obtain a voting right in a German company and that company must report to the central bank”, explains Andreas Bilfinger of GTAI.

According to recent data, Russian investments in Germany have advanced from less than 2.6 billion euros in 2011 to 3.46 billion in 2015.