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Finding a forex broker in a crowded marketplace

So you want to get involved in the foreign exchange market, or forex. You’re itching to trade one currency for another and make some profit. But you can’t just barge into Citigroup of Merrill Lynch and start throwing euros and yen around. To participate, you need a forex broker.

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Do you need to buy a forex system? Depends: Do you like being taken advantage of?

Any time there’s financial speculation involved, whether it’s gambling in Vegas or playing the stock market, people want to find a “system” that ensures success. The forex market is no different in that regard. But is there a forex system that will eliminate risk and guarantee profits for the investor? If you believe there is, we’ve got a bridge in Brooklyn we’d like to sell you, too….

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Covering the basics of the forex market

The foreign exchange, or forex, market is relatively young, having begun in the early 1970s after the United States dropped the gold standard and national currencies started to fluctuate widely. For about 30 years prior to that, most nations had agreed to keep their currency values stable in relation to the U.S. dollar, making a forex market unnecessary.

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Being a forex trader: Is it for you?

Being a forex trader is not for the faint of heart. The foreign exchange market is a fast-paced world that operates 24 hours a day, 5 and a half days a week. For some traders, fortunes are made and lost very quickly. Yet for someone with the right know-how and enough motivation and drive, forex trading can be rewarding both personally and financially.

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Yemen: World Bank Grant to Support Private Sector Growth and Social Protection

The World Bank’s Board of Executive Directors approved today a Development Policy Grant for the Republic of Yemen, for the amount of US$70 million, in support of reforms critical to setting the conditions for non-hydrocarbon growth in Yemen, and for improving the protection of the poor and vulnerable. 

Yemen is an oil-dependent economy that faces a rapidly declining oil production. On average, 85 percent of exports and 65 percent of fiscal revenues were derived from oil exports and domestic oil trade since 2000.

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World Bank Supports Bangladesh to Create Employment for the Poor

The World Bank today approved a US$150 million IDA credit to Bangladesh to create employment opportunities for the extreme poor in rural areas during the lean season and monga period. One-third of the employment opportunities will benefit poor women.
Despite commendable progress, around 60 million people in Bangladesh remain poor, with around 35 million of these people still living in extreme poverty.

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World Bank President Praises Reforms In Zambia, Underscores Need For Continued Improvements In Policy And Governance

World Bank Group President Robert B. Zoellick today praised Zambia’s efforts to reform its economy and encouraged its continued efforts to promote inclusive economic growth, especially to create opportunities for rural populations to overcome poverty.

Leaving after his two day visit, Zoellick noted that Zambia was among the top 10 global reformers in the World Bank’s Doing Business report this year.

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World Bank Approves US$10 Million for Economic Diversification in Republic of Congo

The World Bank Board of Executive Directors approved today a US$10 million loan from the International Development Association (IDA) for the Economic Diversification Project (SEDP) in the Republic of Congo.

The project will receive a 50% co-financing from the government raising its total to US$20 million. It illustrates a new type of partnership that is increasingly redefining the relationship between the World Bank and the Government of the Congo Republic,