The Samoan Tala is the official currency of Samoa. The Tala is subdivided into 100 units called sene. The Tala is pegged to the New Zealand dollar at a rate of 1 NZD = 2.5 WST. The Samoan Tala was first introduced in 1967, replacing the New Zealand pound. The Tala has been pegged to … Read more
The Cypriot pound was the currency of Cyprus until 2008, when it was replaced by the euro. It was subdivided into 100 cents. The pound was established in 1879, replacing the Cypriot franc at a rate of 1 pound = 6 francs. The pound was equal to the British pound sterling and was replaced by … Read more
The Afghan Afghani is the currency of Afghanistan. It is subdivided into 100 puls. The Afghani was introduced in 1925, replacing the Afghan rupee. It was pegged to the British pound at par until 1932, when the first Afghan coins were issued. The Afghani has been pegged to the US dollar since 2002. What is … Read more
The Eastern Caribbean Dollar is the official currency of the Eastern Caribbean Currency Union (ECCU). The ECCU is a monetary union of eight member states, all of which are located in the Lesser Antilles in the Caribbean Sea. The ECCU member states are: Antigua and Barbuda, Dominica, Grenada, Saint Kitts and Nevis, Saint Lucia, Saint … Read more
The Albanian lek (ALL) is the currency of Albania. It is subdivided into 100 qindarka. The lek was introduced as the first Albanian currency in 1926. How much is $100 US in Albania? If you’re looking to convert $100 USD to Albanian Lek, you’ll need to know the current exchange rate. As of October 2020, … Read more
The Forex market is a 24-hour market, meaning it is open 24 hours a day, 5 days a week. The market opens at 8am GMT on Sunday and closes at 10pm GMT on Friday. The Forex market is open 24 hours a day from Sunday 5pm EST to Friday 5pm EST. This 24-hour market allows … Read more
The AED is the currency of the United Arab Emirates (UAE). It is pegged to the US dollar at a rate of 1 AED = 0.272294 USD. The AED is subdivided into 100 fils. How can I trade Forex in UAE? The foreign exchange market, also known as the forex or FX market, is the … Read more
The No Dealing Desk (NDD) model offers direct market access (DMA), meaning that all orders are sent directly to the liquidity providers. There is no intervention from a dealing desk. NDD brokers make money from the spreads and commissions charged on each trade. NDD brokers offer two types of accounts: 1. Standard account – this … Read more
BWP is the Botswana Pula, the official currency of Botswana. The Pula is subdivided into 100 thebe and is pegged to the South African Rand. Is Botswana rich or poor? Botswana is a middle-income country. While its economy has grown rapidly in recent years, Botswana still faces significant development challenges. Over two-thirds of the population … Read more
The right-hand side definition is a term used to describe the process of defining the parameters of a trade before entering into the trade. This includes setting the stop loss, take profit, and other risk management levels. It also involves deciding on the size of the position and the entry and exit points. What does … Read more
