Analysts Holding HSBC (was one of the world's largest banking groups) recognized Nkr most stable currency in the world. This conclusion is somewhat unexpected. Norway oil producing country and the sooner its currency has fluctuated significantly from year to year - affected the dependence of the economy from fluctuations in oil prices, therefore, usually a weaker krone against other currencies. But in a crisis krone showed a fine, it seems very stable compared with the dollar and euro, and it turned out that the Swiss Franc and Japanese Yen, traditionally considered the most secure currency crown began to give way. In the autumn of 2008, the Norwegian currency is steadily growing (in spite of the drop in world oil prices), and this will continue in the coming year and a half, predicted at HSBC. Once again confirmed macroeconomic policy that a strong national economy a strong national currency.

Expected that the industry in Norway in 2009 only to fall to modest 1.2%. This is very low compared with those losses, which will bear most of the world's leading economies (for example, Japan's industry expects a reduction of 5.8%). The country has $ 350 billion investfond obtained through contributions from the oil sales. Norway 3 in the world in GDP per capita - $ 41,420 (Russia has 58 seats - $ 10845, the U.S. $ 2 a seat -41,890).

In addition, the Norwegian Krone is an excellent security system that guarantees her that her bill to forge almost not possible, a coin minted from precious metals.

1 Norwegian Kroner = 100 era
International designation: NOK
The denominations of banknotes in circulation: 1000, 500, 100 and 50 NOK
The denominations of coins in circulation: 50, 10, 5 and 1 era

Trading - this is one of the most convenient way to trade the financial markets. Scheme of work here is similar to the classical scheme of the game at the stock exchange and sold it in the chain of a trader - broker company - bourse. Only in this case, all operations are carried out via the Internet. Trader receives special software - MetaTrader 4 MetaTrader 4, which allows it in real time to monitor the rates of financial instruments: foreign currency pairs market forex, cfd on futures and stocks, analyze them and make an order to buy or sell. All data received on the server brokerage company, which in turn communicates with birzhey.Internet-trading itself has plenty of advantages. You see all the fluctuations of quotations on the screen, respectively, this affects the speed of decision-making. With mobile internet, PDA and MetaTrader Mobile you have the opportunity to work on the go or anywhere - it affects the mobility. There is a need for some skills of analysis of financial markets: Forex, Futures / futures, stock market, which is why a trader should keep a portfolio. Very much easier to work with quotations embedded in the interface service. You can draw graphs and make a decision based on information received, to receive the analytical information on this basis. MetaTrader 4 is the most convenient tool for working with the Forex market. Too many people are happy with the simplicity, speed and functionality.
In addition to choosing software, you need to choose a broker, through which you will make online trading the financial markets. Brokerage service to date, many companies offer. Quality brokerage service - this is the rapid execution of orders, a wide range of instruments of various financial markets, the low spread and the commission. The size of the smallest deposit methods and input / output means also an important factor when selecting broker kompanii.Vy can get a lot of useful information about financial market and trading practices, it is now on the internet a lot of forums for traders. Yet there is never a small selection of competitions traders participating in that, you can get cash prizes. In any case, the Internet, you'll see a lot of useful information that will help you improve as treyder.Cheloveku can provide many benefits, including financial independence, to open broad opportunities for participation in the trade market. But not everyone build their strategy of trade, is able to organize their time, to cope with the first failure. If you believe in yourself, you have the necessary knowledge and time, the game in the forex market or stock exchange can increase your wealth.

International Monetary Market Forex

Name of Forex (Forex) comes from the English word «foreign exchange» (foreign currency). Nowadays Forex market covers all the various operations with currency. These include: the extension of credit between users of the market, operations sales. For sufficiently small time Forex market has become to play an important role in the entire world economy. Daily cash flow, according to some estimates, is about 3 trillion. U.S., leaving far behind the stock market.

Forex - currency market worldwide, allowing its participants to make the exchange one currency for another. Currency exchange rates or exchange rates, determine the quantity of each currency in isolation in this exchange. The volume of transactions and the estimated days here may be completely arbitrary, because no limits on the size of contracts, and no settlement days.

Forex Market is used by various parties in different ways:

Providing investment and trade;
Company - importers need foreign currency to purchase goods abroad and sell in their country;
Companies - exporters receive money in foreign currency to be exchanged for its closure costs;
Hedging. The major foreign trade companies are often at risk due to changes in exchange rates. Adverse changes to the company could lead to significant losses. Forex offers such firms to insure their property against changes in currency exchange rates, which reduces the risk of large losses;
Speculation. The exchange rate depends on the balance of supply and demand for a specific currency. Participants can buy a currency at a low rate and sell at a higher, or vice versa. But the proportion of speculative transactions account for a significant portion of the foreign exchange market Forex.

International Forex market is essentially an OTC (Over-The-Counter). It works around the clock in the Forex various financial centers located throughout the world. However, a large number of trade

currency derivative instruments - derivatives - is carried out on the exchanges.

Early in the morning trade has its origins in Asia, then, as the opening of financial markets, moves from Russia to Europe, and finally to America. The Russian market Forex today is diverse in nature, there are dozens of companies providing market access on its own terms.

However, in Russia, as before, very difficult to find enough high-quality service. This trend is observed not only in small, but the major operators of the international currency market Forex. Required to find such a service and start work with a broker, which will combine all the necessary: the security of invested funds there are good conditions for trade and convenience.

10 July 2009 Once again we put the dollar in the center of the debate. The controversy surrounding the possible downward continuation in the medium to long term against major currencies, remained at the center of the debate. For now, the recovery in risk appetite has led him to weaken against the euro and the move to close yesterday at $ 1.4025 in European Currency Unit. Is it advisable to bet against the dollar in the medium term?

Risk aversion that investors have experienced in the most tense moments of the international financial crisis has undoubtedly been the main ally of the U.S. currency. This behavior of global investors has been a clear signal that it still relies on the dollar as a strong currency.

This situation of a dollar strengthened in the context of deep crisis caused by the U.S. financial system itself in a terrible fiscal and external deficits in continuous growth that has lived for the past year has been an otherwise contradictory. Not many logical explanations for why investors were confident at that time (and now) in the currency of a country that was virtually on the brink of the precipice. Certainly does not seem a rational decision.

The trust that has generated decades the dollar has undoubtedly kept in spite of everything, in this critical period. You may also imply a wish to avoid falling for not collapse next to him given the high exposure that the world has against the U.S. currency. However, this trust has begun to weaken and have already seen the first "Betrayal," which are repeated with increasing frequency and will continue to grow increasingly uncertain future of the dollar.

We must look to the dollar today from two perspectives: the short and long term. In the short term, the dollar has further arguments to avoid weakening. High exposure to international stocks of developed and emerging economies to assets denominated in U.S. currency, is one of the elements that hold a more abrupt fall of the U.S. currency. The lack of a global currency to replace it also plays in favor of the dollar. And the alternative to a currency basket is not yet well defined, and casts doubt on the central banks.

In the long term, the decision is made. The dollar has lost his kingdom and probably does not take into account as the economic foundations for this. Clear that the macroeconomic fundamentals and importance will be taken into account in the valuation of the dollar even though their demand is reduced according to the demand from the economies of other currencies as international reserves.

Competition from alternative currency will be higher. The euro will fight for greater global participation will be key if the ECB to act so that the Fed makes in the conduct of the dollar. But the logic of the ECB's obsession with inflation, it removes reaction capability to manage a currency that the leadership intends pelearle the dollar. Other currencies are recorded in the competition. China wants to impose on the yuan as an international currency, but their low liquidity and the level of intervention that have, they have to wait some time and work hard to achieve their goal.

At the G8 summit, the dollar was at the center of the debate. Before the summit, Arkady Dvorkovich, economic adviser to the Kremlin, had anticipated: "China and Russia raised their position that the global exchange rate system requires the establishment of several regional reserve currencies, which then could become international." China has about 70% of its reserves in dollars.

According to Reuters, during the G8 meeting, the Chinese state councilor, Dai Bingguo, called upon the world to diversify the reservation system and point to a relatively stable exchange rates, in what represents a clear attack on the U.S. currency.

All the attacks against the U.S. dollar. Will debilitádose in the medium to long term? Obama had pledged to hold its value. The strength of the currency is part of the government's economic strategy. The question is to know how much effort Obama is willing to do to achieve this goal and how you can stand the temptation that may generate a weak dollar will benefit the competitiveness of the U.S. economy.

Investors are already making their bets against the dollar. Axel Merk, manager of the Merk Hard Currency fund (Merkx) and Asian Currency (MEAFX) Funds, recognized in The Wall Street Journal "that you are taking long positions against the dollar because it sees a future weakening of the U.S. currency. The first of these funds are up 24% in cash in euros, 17% in Norwegian kroner (encouraged by the revenue that the country receives for its oil exports), about 35% in commodities linked to the currencies of Australia, Canada New Zealand, and 14% in gold.

Another big bet on the market is inevitable for the yuan appreciation will have on the Chinese government give in to pressure, mainly from the U.S. currency to strengthen against the dollar. This bet on the yuan is via exchange rate hedges, which are made through banks with large stakes in the direction that behaves yuan.

The world knows that in the short term can not drop the hand to the dollar for two reasons. The first is the great commitment of investment of the international reserves of countries in dollar-denominated assets. The second reason is that the dollar is providing a containment dike at the increase in uncertainty in the markets. If the dollar, which is one of the few refuges for reliable investor falls, then the crisis can be immeasurable dimensions.

In the medium and long term, however, the dollar has lost its global leadership as reflected in a lower overall demand for assets denominated in that currency, which will be weakened against the U.S. inability to sustain.