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Showing posts from March, 2022

Behind the crypto hype is an ideology of social change

  For some, promoting cryptocurrencies is political activism. Vasil Dimitrov/E+ via Getty Images Rick Wash , Michigan State University Ads for blockchain, NFTs and cryptocurrencies like Bitcoin seem to be everywhere. Crypto technologies are being promoted as a replacement for banks ; a new way to buy art ; the next big investment opportunity , and an essential part of the metaverse . To many, these technologies are confusing or risky . But enthusiasts ardently promote them . As a cybersecurity and social media researcher , I’ve found that behind the hype is an ideology about social change: Hardcore enthusiasts argue that crypto will get people to trust in technology rather than government , which they see as inherently untrustworthy. This ideology leads people to encourage its use while downplaying its risks. The true believers My colleagues and I studied almost three months of discussions on Reddit forums about cryptocurrencies to try to

Russia’s no longer a ‘most-favored nation’: 5 questions about the coveted trading status answered

Russian-made goods will likely cost more in Western liquor stores if most-favored-nation status is removed. AP Photo/Gene J. Puskar Charles Hankla , Georgia State University The U.S., the European Union, Japan and Canada are further severing Russia from global markets by removing a coveted trading designation over its war in Ukraine. Known as most-favored-nation status, it generally entitles a country to the best possible trading terms, which comes with many economic benefits. The EU agreed to drop the designation on March 15, 2022, and Congress is close to doing the same . Charles Hankla , a political scientist who studies trade at Georgia State University, explains what most-favored-nation status is, why countries want it and the consequences of Russia losing it. 1. What is most-favored-nation status? Designating a country as a “most-favored nation,” which the U.S. also calls permanent normal trading relations, lies at the hea

Foreign exchange rates and factors that cause them to change

Foreign exchange rates are a good indicator of the health of a country's economy. Its exchange rate has a significant impact on the volume of trade it conducts. As a result, government agencies are constantly monitoring, analyzing, and, yes, manipulating rates. These rates can have a negative impact on individual investors' portfolios. The main cause of currency rate fluctuations is international trade. A rising currency rate means higher export prices and lower import prices on the international market. When a country has a low currency rate, the opposite is true. A country's trade balance will improve if its currency exchange rate is low, but it will worsen if its currency exchange rate is high. Deficiency in Current Accounts Current account' refers to the difference in trade between a country and its trading partners. Interest, dividends, goods, and services are all examples of payments made from one country to another. A country's current account deficit indicat

A Foreign Exchange Calendar: What Is It Good For?

A Foreign Exchange calendar can be helpful in many trading situations. The vast majority of assumptions that go into foreign exchange trading are derived from massive amounts of data. Using historical forex data, one can make educated guesses about the future. However, this method must be used with caution. Because of the market's erratic behavior, making predictions about the future is nearly impossible. A foreign exchange calendar can give you an advantage in predicting market trends.  Economic Events  The rate of unemployment and the ongoing war are two of the current economic events that have an impact on forex rates. There is a never-ending flow of information on this and other economic factors that have an impact on financial markets. You should also keep an eye on non-farm payrolls, interest rates, and consumer price indexes for effective trading.  Trading Commodities  When trading commodities use caution. It is important to keep up to date on current and future events that

Before You Put Money Into Forex, Learn About The Risks Of Investing

Understanding the risks associated with investing in the foreign exchange market is easier to achieve if you educate yourself on the subject first. Forex is a risky business, but many people don't know that, so they just jump in. These are the people who end up losing it all. In order to succeed in currency trading, there are some simple mistakes that you must avoid. It's possible to do well if you avoid these common mistakes. The first rule is to never invest your money based on your emotions. Your Friday night poker game is not the same as Forex because there is much more at stake, and you have the potential to lose significantly more money. When developing a Forex investment strategy, you should keep an eye on certain trends. Do you really think this is going to work out for you? It doesn't matter. This isn't the way to trade Forex, even if you're good at following your instincts in other areas. A person who plans to invest in foreign exchange markets needs to be

What It Takes To Make It In The Forex Market

Traders are drawn to the forex market due to its high liquidity and 24-hour trading hours. The most important thing to remember is that events that could affect your currency pairs must be kept in mind. Every aspect of the market must be learned if one is to succeed in this field of business. Keep your emotions out of your trades by deciding on the best strategy for your trading style and sticking to it. Smart Investing Goals Setting goals and developing a trading strategy are the first steps you need to take. Your trading style is unique and will necessitate a different strategy than another's. It also has its own level of risk. For those who don't feel comfortable keeping a position open overnight, day trading may be the best option for them. Position trading is a good option if you think you'll get more out of your money if you stick with it for a while. Make sure your trading style is compatible with your personality regardless of how you trade. Trading can be a stressf

How Much Do You Know About Forex Trading?

Many novice traders start investing in Forex without really knowing what they are doing and end up losing money. However, with a little knowledge and practice, you can become a successful Forex trader!  This article will teach you what Forex trading is, what currencies are traded in this market, and how to trade Forex with a Forex trading robot. First, you will learn what Forex is and the two main markets that are traded in this market. Then, you will learn about Forex trading robots, how they work and whether or not they are a good option for you to use. As a beginner, your first step toward becoming a successful Forex trader is to educate yourself. The first thing you should know about this market is that it is a decentralized market. This simply means that no central authority trades in this market. Instead, thousands of traders all over the world trade in this market. First thing forex, is also called foreign exchange, and is the market that trades currencies. There are two main ma

An Overview of Foreign Exchange Rates

Foreign exchange rates have a direct impact on the everyday lives of people around the world. We all participate in this massive financial market when we buy or travel to another country.  When traveling, most people are affected by currency exchange rates. There is no way to pay for anything in Europe with a U.S. dollar. You'll need to exchange some of your US dollars for Euros before you leave for Europe, or you can get Euros once you get there. The Value of Money Modern economies are heavily reliant on their own currency. In this way, the value of goods can be determined in all countries. When comparing the cost of one currency to another, the foreign exchange rate is known as the exchange rate. If you need US dollars but only have British pounds, you can get $1.52 for one British pound by exchanging it for US dollars. The Evolution of the US Dollar's Exchange Rate Gold reserves used to be the sole determinant of the value of every currency in existence. Governments were req