What is National Australia Bank Business Survey in Forex Trading?
The National Australia Bank Business Survey is an important economic indicator for Australia that rate the level of current business conditions and performance in short term view. The changes in sentiment act as an initial signal of impending economic activity such as investment, hiring and spending. The National Australia Bank Business Survey is based on […]
What is Namibia Dollar in Forex Trading?
Since 1993, the Namibia Dollar is an official currency of Namibia with currency code NAD and symbol $, alternative symbol N$ is used to distinguish it from other dominated dollar currencies. It is subdivided into 100 cents. The South African rand was Namibia’s currency while it was under South Africa rule from 1920 to 1990. […]
What is NAFTA in Forex Trading?
The North American Free Trade Agreement (NAFTA) was signed by United State, Canada and Mexico in order to promote trade between these countries. The agreement eliminated numerous tariffs related to textiles, agriculture and automobiles came into force on 1st January 1994. NAFTA was formed because one fourth of United State of America imports such as […]
What is Myanmar (Burma) Kyats in Forex Trading?
The kyats is an official currency of Myanmar (Burma) with currency code MMK and symbol K or Ks. The coinage of gold and silver kyat was introduced in 1889; the coin of silver kyat was equal in value to Indian rupee. In 1942, the Japanese occupied Burma and introduced a new currency based on the […]
What is Multisig in Forex Trading?
Multisig or multisignature refer to requiring multiple keys to authorize a transaction rather than one key or single signature. Multisig is generally used to evade single-point of disaster, making it considerably more challenging for the wallet to be compromised and divide up responsibility for possession of bitcoins among many persons. In case of Bitcoin standard […]
What is Multiple Time Frame Analysis in Forex Trading?
In the foreign exchange market, most technical traders, whether they are experienced pros or novice, have come across the idea of multiple time frames analysis. It is the first level inevitable analysis and well-founded means of developing strategies and reading charts. It is completely forgotten when traders pursue authority over the foreign exchange market, due […]