Who is Mario Draghi?
He is Italian economist born on 3rd September 1947 in Rome. He served the European Central Bank as President from 2011 to 2019, before that he also served the Financial Stability Board as Chairman from 2009 to 2011 and also remained Governor of Bank of Italy from 2005 to 2011. He also worked at Goldman […]
What is Margin in Forex Trading?
The margin refer to borrowed money from broker by investor to purchase an investment or to open a trading position. It is difference between entire worth of cash held in trader account and credit amount from broker. In this case, the broker act as creditor and securities held by the investor act as collateral. In […]
What is Margin Call in Forex Trading?
It is an alert send by the broker to investor when investor’s amount of margin account drops less than the broker required amount. It is notify that funds in your account has dropped below the least amount required to keep a trade position open. A margin call is actually demand by the broker that investor […]
What is Manufacturing PMI United Kingdom in Forex Trading?
It is leading United Kingdom economic indicator. The Manufacturing PMI United Kingdom is survey of more than 5000 manufacturing firms across the country. The report is released on monthly basis usually on 1st working day of reporting month by Chartered Institute of Purchasing and Supply and NTC Research. The Manufacturing PMI United Kingdom was revised […]
What is Malta Liri in Forex Trading?
The liri or lira was an official currency of Malta from 1972 to 31st December 2007. Lira was subdivided into 100 cents and 1000 mil. Its currency code was MTL and symbol ₤ and Lm. On 1st January 2008, the euro replaced the Malta Liri at rate €1 per 0.4293 lira. Between the wartime of […]
What is Maldives Rufiyaa in Forex Trading?
The Maldives rufiyaa is an official currency of Maldives with code MVR and symbol Rf, MRf or MVR. It is subdivided into 100 laari. The Maldives Monetary Authority is sole government body to control and issue currency. During the 13th Century, cowry shells were used as currency in Maldives. In 1344, Ibn Battuta witnessed that […]