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    Stop Being Blind-Folded in the FOREX World!!! Start from understanding economic rules

    Abstract:We have been receiving numerous reports from victims. Worryingly, a great portion of people involved in the scams have no basic concept of what FOREX trade is. So there is an urgent need for a broad grasp of the basic knowledge of FOREX, especially when ignoring and misunderstanding the rules of the currency market are believed to be a tiny problem among the local investors.
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      We have been receiving numerous reports from victims. Worryingly, a great portion of people involved in the scams have no basic concept of what FOREX trade is. So there is an urgent need for a broad grasp of the basic knowledge of FOREX, especially when ignoring and misunderstanding the rules of the currency market are believed to be a tiny problem among the local investors.

      

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      On the economic front, countries are the major players in the FOREX world. They are various in size, economic pattern and political system. These countries establish their monetary system just like listed companies issuing stocks. People interested in the stock market normally prefer the companies with high dividend payments, likewise, the currency of a certain country with relatively high yield is more popular in the FOREX market. Thus, the terminology of interest rate in currency exchange can be interpreted as the dividend payments of listed companies, in other words, it is the rate of return from your deposit in year basis.

      

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      The exchange rate of the South African Rand to the U.S. Dollar is 16.87. The number is facilitated by the supply-demand effect. The FOREX market is driven by the interaction among the countries that generate the currency inflow and outflow. When ZAR outpaces USD in demand, the exchange rate of ZAR to USD recovers. If the market moves in an opposite way, the exchange rate will go advantageously towards USD. Other factors like geopolitics, war situation, economic stability and trade outlook will also change the equilibrium of the market. But the mechanism is not invariable due to the supply-demand effect. Sometimes geopolitical force drags down the demand for a certain currency, whereas the exchange rate stays at the average level due to the solid economic outlook. Therefore, it will bury the opportunity of making money if just analyzing certain factors rather than noticing aggregate effects on the market .

      

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      There are some characteristics embedded in currencies. The U.S. dollar and Japanese yen are internationalized currencies showing less volatility compared to others. They are both recognized as the safe haven currencies due to the solid economic prosperity and international environment. But there are some other currencies, such as the Australian dollar, which rely on the trade sector. Australia has dominated the global export of iron ore. Over the past ten years, Australia's exports of iron ore have increased by more than 200 percent. If a country is interested in engaging in the iron ore trade with Australia, it has to make the deal by paying the Australian dollar. So the popularity of AUD is highly correlated with the trade volume of iron ore.

      

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      WikiFX, a third-party forex broker inquiry platform, has collected the information of 19,000+ forex brokers, 30 regulators, and helped victims recover over 300,000,000.00 USD. WikiFX App provides functions like forex brokers inquiry, calender, forex news express, calculator and other trading tools to help you get trading done with ease.

      Forex brokers inquiry: in order to create a safe forex trading environment, WikiFX offers you two methods of checking the compliance of forex brokers, online checking and offline investigation report. WikiFX has an independent inspection team, conducting on-spot visit to brokers offices to identify they are trustworthy or not.

      Forex calender: the financial events which may affect forex trading

      Forex news express: providing you the latest info anytime and anywhere

      Forex forum: tons of posts by WikiFX users, containing technical analysis, industry discussion, fraud brokers exposure; Users can exchange their thoughts here freely.

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      The following are three channels forgetting real-timeinformation about exposurearticles.

      1: WikiFX official website: https://www.wikifx.com/us_en/.

      Choosing News column Original special topic series.

      2: WikiFX App: Using the App will make it easier to read articles.

      Read on the APP in the same way as the official website.

      3: WikiFX official Facebook: the new exposure articles will also be posted on Facebook, a main social media account, at the same time. If you are a social media user, you can follow WikiFXs Facebook page.

      USA Area:https://www.facebook.com/WikiFX.US/

      UK Area:https://www.facebook.com/Wikifx.UK/

      Nigeria Area:https://www.facebook.com/WikiFX.ng

      If you have ever been defrauded by illegal broker, you can contact WikiFX. WikiFX will assist you in your exposure. You need to hold enough evidences to prove the broker is illegal.

      Evidence requirement: (Chatting history records, Trading history records, Banking Transaction records and video recordings from victim).

      In order to help you better. There are two ways to upload evidencesfor exposure.

      1: WikiFX App:

      Log in the App, choose Exposure on home page click on blue light bulb-Expose,

      The types of Fraud Choose fraud broker Just write down your experience of being deceived and upload the relevant evidences here.

      2: More brokers‘ information will be updated on WikiFX. If you can not find the broker that you want to report, there is another way to contact WikiFX by Facebook Messenger. You can leave your message on messenger. WikiFX’s staff will review the broker that you wanna report and the relevant evidences you submitted. You will get the feedback in the following 3-5 working days.

      USA Area:https://www.facebook.com/WikiFX.US/

      UK Area:https://www.facebook.com/Wikifx.UK/

      Australia Area:https://www.facebook.com/Wikifx.AU/

      Nigeria Area:https://www.facebook.com/WikiFX.ng

      South Africa Area:https://www.facebook.com/WikiFX.ZA

      Declaration:

      The evidences in WikiFX exposure articles are verified via the following processes:

      1: Evidence Collection: (Chatting history records, Trading history records, Banking Transaction records and video recordings from victim).

      2: These evidences will be evaluated and verified by experts who have been work in forex industry for many years.

      3: The editor will review it again before the article is published

    Latest News

    United Arab Emirates Dirham

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    United Arab Emirates Dirham
    Available
    -- United States Dollar
    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.

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