Tips for Canadians Studying in the US or Abroad
You’ve probably heard about the forex scalping strategy, but you don’t understand how it works. Scalping is a trading strategy that specializes in making profits from small price changes in the forex market. Thus, it involves making high volumes of small gains. Scalpers can buy a currency pair and sell it after holding the position […]
One of the common terms you will come across as you do or study forex exchange is currency hedging. So let’s first start here. What do you know about forex trading? In simpler terms, forex exchange is the process of changing a currency for another. People trade in the forex market for various reasons. However, […]
One of the common terms you will encounter when transacting or trading in the forex market is forex options. The good news is that these tools can help you secure the best exchange rates. However, it’s essential to understand how they work on forex markets. Forex options are derivative financial instruments that give you the […]
Whenever you want to buy foreign currency online, your number one priority should be the funds’ security. Many foreign currency providers claim to be the best on the market, and it can be tricky to find a legit one. So, is it safe to purchase foreign currency online? As you look for the best exchange […]
You’ve probably heard people earning thousands and millions of dollars through forex trading, and you wonder how it works. But, if you want to venture into the forex market, it’s vital to master how to trade forex for beginners. So, how does forex trading work? This guide explores all the basics of forex trading for […]
While Canadian residents are obligated to pay taxes on their global income, they can go for a foreign tax credit to reduce the taxes. That’s because the federal government of Canada allows them to do so. But first, there are requirements you must meet to qualify. If you’re a Canadian resident with worldwide income streams, […]
According to UNCTAD, the foreign direct investment in Canada amounted to 50 billion in 2019, a 16 percent increase compared to 2018. As a result, the Canadian FDI stock rose to US$1,037 billion, making the country the 11th destination for FDI worldwide. Canada presents several foreign direct investment opportunities, making it the number one investment […]
The nations hanging between developing and developed countries are the emerging markets and use their emerging market currencies to trade. These countries experienced rapid economic growth in the past years and are still growing. The political and social transition is why these developing countries find it easier to mingle with other economies in the world. […]
You just got your passports, travel ticket, travel insurance, and credit card ready, but are you aware of dynamic currency conversion (DCC)? You probably are excited about the trip, but it is important you research and read about DCC first to be on the safer side. Going to a new foreign country can be exciting […]
With purchasing power parity, exchange rates between different currencies can be easy to calculate. It allows you to compare the purchasing power of various world currencies against each other so that you can buy the same amount of goods in each country. Many government agencies use purchasing power parity (PPP) to compare the outputs of […]
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