Great British Pound currency rate forecast for 2016

For those who follow currency news, it is, perhaps, restating the obvious that the British pound has been through its fair share of highs and lows in recent months as the Brexit vote draws ever closer. It doesn’t taken advanced currency exchange software to realise that the currency markets are in a period of turmoil. As polls continue to demonstrate a constantly shifting balance of influence between the ‘remain’ and ‘leave’ camps, the pound has sent for-eign exchange traders down a rabbit hole of frantic phone calls and urgent conversations with clients.

As we saw in the opening days of June, the pound was unable to achieve the bullish start that analysts had hoped for. As the ‘leave’ camp gained greater traction amongst voters, ex-change traders were hesitant to buy into the currency due to the potential for massive de-clines in the short term. That being said, a variety of metrics have been issued recently, such as the May Construction and Services PMIs, which may help to offset the negative effects of Brexit-inspired political and economic insecurity.

Perhaps yet another reason that the pound has been unable to shake off the shadow of Brex-it is due to the fact that typical campaigning methods used by politicians and political estab-lishments – such as the Bank of England – have failed to impress voters who have long ago grown cynical regarding their own representatives. Although outright fear-mongering on be-half of both parties has helped to serve as a ‘brute force’ influencer on some undecided vot-ers, the fact remains that deeply held convictions regarding immigration, economic produc-tivity, and a general sense of British identity will determine how this vote ends, not the base-less pandering of lobbyists and other promoters.

Of course, the pound will also be affected by various news being reported out of the US, in-cluding the monthly non-farm payroll data. Federal Reserve chair Janet Yellen has indicated that any move to raise interest rates in the short-term will likely be influenced and moulded by the outcome of Brexit, which is reasonable given the extent to which either outcome will in-fluence the economy. Those hoping to stay abreast of current rates can do so using any one of several industry standard currency exchange software packages.

The differences between an online forex software to broker forex

Trying to introduce a newly minted investor to the forex marketplace can be quite challenging. Unlike standardised stock exchanges, the world of foreign exchange is a dynamic, round-the-’clock affair, filled with a sophisticated array of strategies and tactics which contain their fair share of risk and reward. In today’s investing environment, there are two predominant forms of forex trading, those being online forex software and broker-managed forex accounts. Depending upon your previous experience with forex and your level of interest in the day-to-day workings of your forex holdings, each of these two forms of trading may be a perfect match for your needs. With that in mind, we’ve taken the time to outline the key differences between these two platforms in order to help you determine what your next steps should be.

On a very basic level, the primary difference between a broker-managed forex account and online forex software is the level of oversight by investment professionals. As could be expected, broker-managed accounts are managed exclusively by a seasoned foreign exchange broker. In exchange for expert-level advice, casual investors will be required to pay their broker through either a commission basis or recurring fee. Although this will likely reduce profits over time, it’s important to note that the overall gains secured through this form of collaboration may exceed those obtained by a casual investor with little to no knowledge of the forex marketplaces who chooses to manage their own account.

For those who feel very comfortable with the fine details of the forex marketplace, forex online software will likely prove to be an excellent alternative to a broker managed account. Using forex online software, investors can access virtually all of the data that brokers rely upon to make their strategic decisions for clients. Although investors who choose to rely on software instead of a broker will likely be unable to solicit advice from investment professionals, they will also be the exclusive recipient of their profits. This is a significant advantage which will most appeal to those with extensive experience in this marketplace.

Regardless of where you may find yourself in the process of determining whether to hire a broker or become your own day trader, it’s worth taking the time to download all available trials of forex online software so that you can better assess the current state of the industry. We wish you the best of luck in your investment endeavours!

Exchange Rate Forecast for GBP Post-Brexit

It should come as no surprise that recent developments in British politics have proven to be a catalyst for significant fluctuations across a wide array of financial markets. The GBP has proven itself to be particularly sensitive to a post-Brexit reality, with a dramatic free fall in currency value occurring as the vote began to swing towards a Brexit victory. Now that the vote has passed and lawmakers have vowed to heed the will of the people on this issue, the next step for the British government is to trigger the much-discussed Article 50, which will kick off a two-year process of formal negotiation before the UK is no longer an EU member. Precise-ly when Article 50 will be executed however, is unknown, and this is uncertainty is keeping the GBP in rather tepid water as investors remain hesitant as to whether or not a re-investing is in their best interest. Although currency exchange software is not, in itself, a source of knowledge or advice, the charts for recent GBP activity found in these programs will provide no short supply of drama and suspense.

This is not to say, however, that the GBP has not regained some its value since hitting a mul-ti-decade low the day after the vote was completed. In fact, it could be viewed as some form of optimism that the GBP was able to weather as well as it did not only the Brexit results, but also the sudden resignation of David Cameron, a credit downgrade, and bitter infighting amongst members of Parliament. With this in mind, it seems reasonable to assume that, alt-hough progress may be slow, the GBP will continue to regain value as the world comes to grips with the new face of the EU and a starkly independent Britain.

In the more immediate future, many fx investors are waiting to see if the Bank of England opts to pursue a rate cut as a means to encourage business growth and investment in this critical time. Monetary policy easing is definitely one method by which supports can be erected to prop up the GBP and ensure that future declines will be limited in scope. At the moment, the GBP is hovering comfortably at 1.32 GBP / USD. Although many professionals are somewhat bearish regarding future price movements, it is widely acknowledged that the Bank of England pending announcements will significantly influence both short and long-term pricing. Those with currency exchange software are advised to watch the GBP closely in the upcoming weeks.

What exactly is Forex Trading?

The chances are good that most casual investors have, at some point or another, heard the term “Forex trading”. Many others are well aware what the term “forex” means, but simply had no idea that currency could be traded in similar fashion to stocks and bonds. With that in mind, we’ve decided to create this brief primer which should, hopefully, illuminate some of the more complex concepts and ideas within the forex marketplace.

At its most fundamental level, forex trading involves offering a single unit of a currency, be it the British Pound, US Dollar, etc., in exchange for a unit of a differing national currency. Be-fore these currencies are traded, a price is agreed to at which the units will be exchanged. Like bonds and stocks, currency is traded in a variety of marketplaces all over the world. What you may not have known, however, is that forex trading is by far the most heavily trad-ed market in the entire world. In fact, the estimated value of all daily forex transactions is ap-proximately $5.3 trillion.

The forex markets were created largely to facilitate international trade. In the era before the Euro, European forex trading was a highly active marketplace. Today, forex remains a hive of activity even with a common currency among the bulk of European nations. Savvy trad-ers attempt to speculate how future prices for currency will be affected by various parame-ters, be it political turbulence, economic news or other influential forces. Just like the tradi-tional stock market, the goal is to earn a profit by buying a currency at a low price and selling it when it is valued much more highly.

One of the primary distinctions between the forex marketplace and the more traditional stock markets is that forex trading occurs 24 hours a day, 5.5 days a week. This is due to the fact that there is no centralized trading hub for the forex market. Every forex transaction taking place today occurs through a sophisticated computer trading system. Although this may sound somewhat unreliable, it’s important to remember that these systems are used by countless professional traders on a daily basis. Believe it or not, there are no physical forex exchanges in existence!

Given the fact that only small changes seem to occur in the price of various curren-cies, forex traders often engage in extensive leveraging to maximize their profits. Leveraging can be thought of as borrowing large amounts of capital in order to engage in massive trans-actions within the forex marketplace. If you are trading through a large brokerage firm, it’s not uncommon for 1000:1 leverage to be offered to those interesting in taking it. That being said, it’s important to remember that, while leveraging offers the possibility of big gains, it can also result in crippling losses!

Although this may sound like a unique and exciting world, it’s important to remember that forex trading can be an unforgiving world for novices. Before beginning your pursuit into forex trading, it will well be worth your time to properly educate yourself in the fine workings of this sophisticated system. Without this knowledge, you may find yourself out of luck and out of cash!

Fortunately, a variety of powerful forex trading platforms are available for those who are willing to take a step forward and venture into this fascination world. In fact, many forex simulators are also available for individuals who would prefer to test their strategies with fake currency before investing their own funds. Best of your luck with your adventures into forex trading!

Banks close branches as things go Digital

Risks and Benefits of Foreign Exchange

The foreign exchange markets remain some of the most cryptic and complex arenas for many investors. In fact, a substantial number of investors choose simply to avoid the foreign exchange markets entirely in an effort to stave off what they believe will be significant finan-cial loss due to complex, somewhat dubious trading schemes. That being said, there are nu-merous rewards available to those who do take the time to properly understand how this fas-cinating marketplace functions! What that in mind, we’ve created this brief guide of the risks and benefits of foreign exchange trading for those who are ready to learn more about this often misunderstood industry.

Risks and Rewards

Given the relatively small pricing fluctuations taking place in currency pairs at any given time, it is quite difficult to reap large profits without a substantive initial investment. Because of this, many trading platforms allow users to leverage their positions with significant amounts of ‘borrowed’ capital. With big investments come big rewards and, in arena such as foreign ex-change, big losses. Such extensive leverage paves the way for large financial losses for those who are unable to convert this borrowing into a profit.

The fact that the marketplaces remains open for 24 hours a day most days of the week also poses significant risks and rewards for those involved in trading. One on hand, the opportunity to develop intricate and sophisticated trading strategies reinforced by signals, algorithms, etc., can provide ‘non-stop’ opportunities for fiscal gain. However, without properly implementing protective stop-loss procedures, it is also possible that investors may suffer catastrophic losses while they sleep. With this in mind, it is plain to see how the accessibility of this marketplace is also one of its most dangerous characteristics.

Playing It Safe

Fortunately, a number of trading simulators and forex software packages are currently avail-able which allow investors to practice and refine their strategies while using simulate currency. These tools are ideal for new investors seeking to ‘learn the ropes’ of the marketplace and established veterans who are crafting and fine tuning strategies for future use. As a general rule, foreign exchange investors, particularly new arrivals to the arena, should think critically about their aims and objectives before initiating trading in forex software packages in order to ensure that they are adequately prepared for what is to come.

Remittance explained

In this era of globalization, international business expansion and a 24/7 digital economy, it should come as no surprise that a vast trove of innovation is occurring in tandem with these widespread shifts. Although remittance has long been an important tool for individuals seeking to transfer money to friends and family in foreign countries, the transformation of the internet into the ubiquitous phenomenon it has become has fundamentally changed the means by which remittance operates. For many individuals, online remittance tools have become an important element of both personal finances and family dynamics. The ability to instantly send money abroad has upended nearly all of the traditional paradigms within which remittance had once operated.

That being said, how exactly would you define remittance? Simply put, the act of remittance can be thought of as a transfer of money from an individual in one country to the bank ac-count of an individual in another. For lack of a better term, remittance can be defined as a foreign deposit. The most common manifestations of remittance can be witnessed in the lives of migrant workers, many of whom devote a portion of their paychecks to family members in their country of origin. To send this money back to their family, these workers use remittance services.

In the pre-internet era, remittance proved to be quite costly for customers. High service rates meant that customers were often forced to spend a substantial portion of their check in charges and fees even. Essentially, customers were paying for the ‘privilege’ of sending money abroad. Today, however, the high density of remittance companies vying for customers online has drastically reduced the overall fees charged to consumers. Now, more than ever before, remittance has become a consumer-friendly tool.

Using online remittance services, customers can specify to whom they will be sending money and from which personal account the money should be transferred from. Thanks to highly secure systems, customers can by and large rest assured that their transaction will be shielded from cybercrime. Although remittances remain a less expedient form of money transfer than a wire, they are nevertheless quite rapid. In many cases, individuals can expect their money to complete its journey within a matter of days. Given the fact that online remittance is significantly less expensive than traditional remittance with respect to service fees, users can expect that their experience with these innovative digital platforms will maximize service without encroaching on budget.

Perhaps the most compelling element of online remittance is the competition which exists within this industry. The fact that so many businesses are vying for customer attention means that service and performance can make the difference between success or failure for these enterprises. Regardless of who wins or loses in this battle, the customer always comes out ahead. Those who are interested in learning more about online remittance are encouraged to browse the internet for various reviews and surveys of the platforms available for use today, Here, customers will find all of the information they need to make an informed decision as to whether or not online remittance is, indeed, the right service for them.

It is also important to mention that the future of remittance will likely appear markedly different than it does today as technology continues to evolve and new ideas further revolutionize this critical industry. Staying on top of the latest remittance trends is a powerful tool for those who are eager to learn more about precisely how the world of finance will be shaped by the digital renaissance.