With hundreds of Forex brokers to choose from, finding the right Forex company for you can be a more difficult task than you think, and a time-consuming challenge, so AvaTrade is the perfect solution for you. Advantages of AvaTrade Open an account Opening an account and depositing with a currency trading company is something that … Read more
The internet has made a wide array of income streams open to people that they can take advantage of from the comfort of their own home. (Or, wherever they like!) One such option is Foreign Exchange (Forex) trading, which is very popular at the moment. Forex trading involves trading one currency for another. The exchange … Read more
There’s no denying that Forex trading is one of the most complex online ventures listed in the CMC markets that you one can venture in. It takes years of perfecting the trade to navigate the murky waters of analyzing various fx trends and executing constructive and calculated strategies. But it is not entirely impossible, especially … Read more
Foreign Exchange rates are influenced by several factors in the international market. All tangible factors that is, those which represent quantifiable commercial and personal transactions are captured in the Balance of Payments Account and the net disequilibrium in the BOP represents the single most important demand-supply element affecting an exchange rate. However, 90% of the … Read more
Demand deposit account, denominated in domestic currency maintained by overseas banks with domestic banks are called as VOSTRO Accounts. NOSTRO Means “Your Account with Us”. Example: Any overseas bank like Bridge Bank has a INR account with Bank of Baroda, India then such account is called as NOSTRO Account.
Demand deposit account, denominated in foreign currency maintained by domestic banks with overseas banks are called as NOSTRO Accounts. NOSTRO Means “Our Account with You”. Example: Any domestic bank like Bank of India has a US Dollar account with ICICI Bank then such account is called as NOSTRO Account.