What is Kuwaiti dinar in Forex Trading?
The Kuwaiti dinar is an official currency of Kuwait with code KWD and symbol د.ك or KD. The currency is subdivided into 1000 fils. It is world highest valued currency per face value. In 1960, dinar was introduced as official currency by replacing the Gulf rupee, equal to Indian rupee. Dinar was initially equivalent to […]
What is Kyrgyzstan Soms in Forex Trading?
The soms is an official currency of Kyrgyzstan Republic with code KGS and symbol C. The word soms means pure in many languages such as Uzbek, Kyrgyz, Uyghur, Kazakh and many Turkish languages. In February 2017, the National Bank of Kyrgyzstan Republic approved an underlined C as symbol for official currency. The Kyrgyzstan Soms was […]
What is KoF Leading Indicators Switzerland in Forex Trading?
It is one of the most important indicators released during the last week of each month usually at 9:30 AM (GMT) by Konjunkturforschungsstelle Swiss Institute for Business Cycle Research. It is a joint survey which measures future trends of overall economic activity. It captures the movement of economic trend and GDP growth in Switzerland. The […]
What is Know Your Customer in Forex Trading?
In the world of banking and finance operations there is no escape from Know Your Customer (KYC). It is worldwide mandatory process of verifying and identifying customers. The KYC is part of Patriot Act which was passed after an incident of 9/11 in 2001. It offer range of means to prevent terrorist behavior. By identifying […]
What is Kiwi in Forex Trading?
It is an official currency and legal tender of New Zealand, Niue, the Cook Islands, Tokelau, the Ross Dependency and the Pitcairn Islands. It is abbreviated with code NZD and symbol NZ$, this sign is used to distinguish it from other dominated dollar currencies. It context of trading currency, the New Zealand dollar is informally […]
What is Key Pair in Forex Trading?
It is cryptographic system that uses pair of private keys and pubic keys, private keys are only known to the owner. The creation of key pair depends upon the cryptographic procedures centered on mathematical problems to produce one way function. The effective security system keep the private key private and public keys openly distributed without […]