The TT dollar is the official currency of Trinidad and Tobago. It is subdivided into 100 cents. The TT dollar was established on September 18, 1964, replacing the East Caribbean dollar. The currency is issued by the Central Bank of Trinidad and Tobago. Does Trinidad and Tobago use USD? Yes, Trinidad and Tobago uses USD … Read more
The Indonesian Rupiah is the official currency of Indonesia. The ISO code for the Indonesian Rupiah is IDR. The symbol for the Indonesian Rupiah is “Rp”. The Indonesian Rupiah is divided into 100 sen. The Indonesian Rupiah is issued by the Bank of Indonesia. The Indonesian Rupiah is also the currency of Timor-Leste. Why is … Read more
An indicative quote is a type of quote that is used to provide information about the current market price of a financial instrument, without necessarily committing to a trade. Indicative quotes are typically used by market makers to help them assess the level of interest in a particular instrument, and they are also often used … Read more
A dollar bull is an investor who believes that the value of the US dollar will increase in the future. They may take a long position in the currency by buying USD-denominated assets such as US government bonds. A dollar bull is the opposite of a dollar bear, who believes that the value of the … Read more
A convertible currency is a type of currency that can be exchanged for another currency. The most common type of convertible currency is a currency that can be exchanged for another currency at a fixed rate. Convertible currencies are also known as freely convertible currencies. What does fiat money mean? Fiat money is a currency … Read more
The euro is the official currency of the European Union and is used by 19 of its 27 member states. It is also the second largest reserve currency after the US dollar. The euro is divided into 100 cents and is currently the world’s second most traded currency after the US dollar. The euro was … Read more
ECN stands for Electronic Communications Network. An ECN broker is a forex broker that uses an ECN to connect its clients to the market. ECNs are electronic systems that match buy and sell orders for securities. ECNs allow traders to trade directly with each other, without the need for a broker. ECN brokers typically charge … Read more
A denomination is a specific unit of currency, and the definition refers to the value or worth of that unit. In forex trading, denominations can be used to trade different currencies and to make calculations based on currency values. For example, if a trader is trading the USD/JPY currency pair, they may want to calculate … Read more
The Zambian Kwacha is the currency of Zambia. It is subdivided into 100 ngwee. The kwacha was introduced in 1968, replacing the Zambian pound. The name kwacha derives from the Nyanja and Bemba word for “dawn”, while the ngwee means “bright”. What is BDK key? BDK stands for “Big Dog Key.” It is a technical … Read more
Mirror trading is a forex trading strategy where traders use computer algorithms to automatically copy the trades of other successful traders. Mirror trading is a popular forex trading strategy because it is a simple way for traders to access the expertise of other successful traders without having to spend any time or effort in developing … Read more
