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Assessing the Opportunities Presented by the New Iraqi Currency
Could it be possible that you are staring right into the most spectacular financial opportunity of the century? Operation: Iraqi Freedom will undoubtedly be a war marked in history for loss and tragedy, American victory, and the rise of a nation...
Energy Prices, Inflation and Forex
Oil futures surged to a record intraday high of $70.85 on August
30th, the day after Hurricane Katrina made landfall on the Gulf
Coast. While prices have moderated in subsequent weeks, it's
worth examining how higher commodity prices and the...
Forex Made Easy for Everyone
Forex made easy is as simple as you would want it to be. The foreign exchange market is a worldwide market and according to some estimates is almost as big as thirty times the turnover of the US Equity markets. That is some figure to chew on. Forex...
How Bollinger Bands Can Tell You What The FOREX Market Will Do Next.
In Forex trading as in all other speculative activities in the
capital markets there is a major problem that all, new and
experienced traders, will face every time they open their forex
trading stations. This is, how to predict the behavior of...
"How To" Start Trading The Forex Market?
What Is FOREX or FOREX MARKET? PART I
The Foreign Exchange market (also referred to as the Forex or FX market) is the largest financial market in the world, with over $1.5 trillion changing hands every day.
That is larger than all US equity and...
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The New World Currency
Do you ever consider the possibility that the money you work so hard for could be gone from your pocketbook in the next few years?
Quicker then you might think, currency as we know it, is changing. Necessity for efficiency is transforming the flow of cash into a digital form.
The use of e-currency is quickly spreading throughout the world. Everyday, more and more people are making purchases online. These purchases are being facilitated by companies like Paypal, E-Bullion, E-Gold and Net Pay. The digital age is definitely upon us, and with the new forms of commerce, comes new forms of opportunity.
With the advent of these E-currency companies, trade between different countries is suddenly becoming easier and more profitable. New products and services are quickly filling the need for the flow of money. The one constant still remaining is the ever present, currency exchange rates. To avoid these fluctuations and exchange fees, companies have facilitated their transactions with the global currency of gold.
Some online e-currency companies now tout that their holdings are 100% backed by gold. This no longer is true for any of the national currencies now in existence. The United States for example, has not had 100% of their currency backed by gold, since the end of the gold standard in 1914. The value of the U.S dollar continues to decline, as the value of gold rises steadily.
Due to national inflation, the cash you hold in your hand will continue to lose value. Unfortunately, there is not nearly enough gold to cover all of the paper money holdings. That money
you hold in your hand is basically a loan from the government. The tenet of many governments, when they fall on hard times, is to print more money. This fact has led to the desire for more worldwide corporations to embrace the idea of a worldwide currency.
To accommodate the demand to trade goods and services between Countries, many companies have been created. The increased need for exchanging has created lucrative opportunities within the e-currency exchanging markets. A global currency exchange is evolving that knows no boundaries or national borders.
While gold remains the standard for many worldwide transactions, there still exists a need to transfer funds from, existing national currency, into gold and vice versa. There also exists the need for different e-currencies to be exchanged among themselves. This need has created a void that has enabled average people to cash in on.
Trading e-currency has filled the demand for these transactions to be completed efficiently, while enabling certain people in the know, a lucrative business opportunity. Those people who understand the system can leverage their funds to facilitate the transactions while pocketing a sizable commission.
The future is unknown for paper money as we know it. However, one thing is certain, those who are the market-makers of the new system that evolves will be the biggest winners of the new millennium. About the Author
Matt Sherborne is the author of "Get Rich Trading E-Currency"and"Email Auto-Pilots". He hosts a site to increase your skill at marketing at: www.InternetBullet.com
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| Currencies - Currency Converter & Latest Rates at CNNMoney.com |
| Dec 6 1:18pm ET †, US $, UK £, Japan ¥, Euro €. US $, 0.5079, 115.05, 0.7517. UK £, 1.969, 226.50, 1.4798. Japan ¥, 0.008692, 0.004415, 0.006533 ... |
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| FOREX Advisory |
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| Amazon.com: Foreign Currency Trading: From the Fundamentals to the ... |
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| Forex Online Currency Trading: Welcome to Global Forex |
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| Forex Blog |
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| Common Questions About Currency Trading |
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