The Philippine Peso is the official currency of the Philippines. The Philippine Peso is subdivided into 100 centavos. The Central Bank of the Philippines is responsible for issuing the currency. The Philippine Peso is pegged to the US Dollar at a rate of 1 US Dollar = 52.14 Philippine Pesos.
What is the 90 rule in forex? The 90 rule is a forex trading strategy that helps traders to identify and enter trends early. The rule is simple: when the price of a currency pair is above the 90-period moving average, it is in an uptrend, and when the price is below the 90-period moving average, it is in a downtrend.
The moving average is a technical indicator that smooths out price action and helps to identify the trend. The 90-period moving average is a popular choice for trend trading, as it is a long-term average that can help to filter out the noise of the markets.
The 90 rule can be applied to any time frame, but is most commonly used on the daily chart. When trading with the rule, traders will look to enter long positions in an uptrend and short positions in a downtrend.
The rule is a simple way to trade with the trend, but it is important to remember that it is just one tool in the trader's toolbox. It is always important to use multiple indicators and strategies to make trading decisions. Why the Philippine peso is not accepted in most countries of the world? The Philippine peso is not widely accepted as a foreign currency because it is not a major global currency. Major global currencies, such as the US dollar, the euro, and the Japanese yen, are widely accepted as payment for goods and services around the world. The Philippine peso, on the other hand, is not as widely used or accepted. This is because the Philippines is not a major economic power and its currency is not as widely traded as the major global currencies.
One of the main reasons why the Philippine peso is not widely accepted is because the Philippines is not a member of the International Monetary Fund (IMF). The IMF is an organization that promotes global economic stability and is responsible for regulating the international monetary system. As a result, countries that are members of the IMF are more likely to have their currencies accepted as payment around the world. The Philippines is not a member of the IMF, which means that its currency is not as widely accepted.
Another reason why the Philippine peso is not widely accepted is because the Philippines has a history of currency instability. The Philippine peso has been subject to frequent devaluations, which makes it less attractive to hold as a foreign currency. For example, the Philippine peso was devalued by over 50% between 2008 and 2009. This makes the Philippine peso a riskier investment than other major currencies.
The Philippine peso is also not widely accepted because the Philippines has strict currency controls in place. These controls limit the amount of Philippine pesos that can be brought into or out of the country. This makes it difficult for foreigners to obtain Philippine pesos, which reduces the demand for the currency.
Overall, the Philippine peso is not widely accepted as a foreign currency because the Philippines is not a major economic power and its currency is not as stable or as widely traded as the major global currencies.
What is a realistic return on forex?
A realistic return on forex can vary depending on a number of factors, such as the amount of money you invest, the strategy you use, the market conditions and your own level of skill and experience. However, it is generally accepted that a good forex trader can expect to achieve returns of around 15% per year.
How do I know if a forex broker is legit?
There are a number of ways to determine whether or not a forex broker is legitimate. The first step is to check whether the broker is registered with a regulatory body such as the Commodity Futures Trading Commission (CFTC) in the United States or the Financial Conduct Authority (FCA) in the United Kingdom.
Next, you should check to see if the broker has a good reputation by reading online reviews and checking out brokerages websites. Finally, you should always test out the broker's platform and services with a demo account before investing any real money. Is forex a gamble? No, forex is not a gamble. While there is always risk involved in any type of investment, forex is not based on luck or chance. Instead, forex trading is based on analysis, planning, and sound money management principles.