SIRLINKS FINANCE LIMITED
ABOUT SIRLINKS FINANCE LIMITED
Today, we’re the most diversified non-bank in the country financing the widest set of outcomes. The cornerstone of our success lies in understanding your issues and pain points in acquiring the means (finance) you need to be your best self. By keeping your at the center, we’ve created products and services to help you make your tomorrow better.
What is Forex Trading?
Forex, also known as foreign exchange, is a decentralized global market where all the world’s currencies are traded. Currencies are important to most people around the world, whether they realize it or not because it needs to be exchanged between countries to conduct foreign trade and business. The volume of transactions in forex makes it the most liquid market in the world.
All about exchange:
Let us suppose you take a trip to Paris. For the journey and expenditure in the country of France, you exchange your currencies into the Euros. The exchange rate fluctuates every day based on the supply or demand, i.e., how many Euros you get for your national currency. This demand/supply hinges on various factors such as political situations, interest rates, economic performance and the perception of how the currency would perform in the future.The fluctuation may not seem like a big deal considering how small the transactions are, but when it comes to the big players like Multi-national companies, the factor of the exchange-rate has a profound impact. This is when you hold your money for favorable forex rates.
Opportunities in Forex:
Just like stocks, you can also trade currency on your prediction of exchange rates. But the big difference to stokes and shares here is that the fluctuation sometimes is very random and oscillating between high and low in a matter of seconds. If you think a currency will increase in value, you can buy it. If you think it will decrease, you can sell it. The Forex market is one of the largest and most liquid markets. With a large market, finding a buyer when you’re selling and a seller when you’re buying is much easier than in other markets.
Unlike the stock market, a smaller one with tens of thousands of stocks to choose from, the Forex market revolves around more or less eight major currencies. A narrow choice means no rooms for confusion, so even though the market is huge, it’s quite easy to get a clear picture of what’s happening. Though the underlying reason for fluctuations in the exchange rate may be difficult to comprehend or predict, the watch list is short and manageable.
Basics of Forex trading starts with the exchange rate trends. Trend analysis is based on the idea that what has happened in the past gives traders an idea of what will happen in the future. Although this may seem pretty simple, You being able to identify when a pair is in a trend and when it isn’t will help you to increase your chances to profit consistently in the Forex market. When you can identify a trend, you can estimate what direction the rate of a currency pair is going to go in. You should exploit the direction of the trend you identify by placing a trade in that direction
Like any other market trading, Forex has its own risks. The unpredictable nature of exchange rates is the reason why this may be risky. There are possibilities that the economic situation of a country may bring down its value in the market or a country’s government can decide to devalue their currency. Such decisions affect trading significantly, and the person involved in Forex must also be aware of the Global economic scenario to safeguard his interests.
Five impacts of Bitcoin on the Economy
Bitcoin is the new-age virtual currency here to disrupt the economic ecosystem surviving on the physical concepts of money, shares, and stocks. While the widespread impact of this feat is being felt by the economists around the globe, its usage is still restricted to the few of the rigorous players of Wall Street. The idea of Bitcoin as a world currency is slowly being given a closer look, and we must accept that the impact on the daily lives people are going to be huge.
Currency without Autonomy:
Currency is still controlled and regulated by the governments of different nations. Most countries have a Central Bank which does the work of issuing the currency, managing liquidity and also lending rates by the banks. Bitcoin, being unorthodox and virtual, is entirely out of the Banking system. Bitcoin is not controlled by a single person, and hence, no one has an Autonomy over it. Decentralization of the autonomy over money would reduce the politicization of National Currency.
Low Cost transaction and Ease:
Bitcoin transactions relatively cost-effective and people friendly in comparison to the international bank transfers. Sending money abroad done without the hassles of the banking system and its regulations. Bitcoin enables ease of transactions like any other electronic payments since no part of the transaction is made in the physical form of currency. Exchange rates using Bitcoin is one of incredible ease and low cost. Bitcoin does not care about the user logistics. The network does not care where the payer or receiver of a bitcoin transaction is physically present. It bears no effect on the speed of transaction verification nor the cost. This allows users across the globe to transact quickly with low or even no cost.
Investments in Bitcoin has seen a steep rise in the recent years with value of Bitcoin reaching new heights. In comparison to the meagre returns on the savings account in a back, investments in Bitcoin can yield value exponentially. Economist predict that the value of Bitcoin is bound to rise continuously in the coming years.
Access to everyone:
Individuals who have access to mobile phones but limited access to the formal banking system and utilize the Bitcoin option. The traditional exchange system with its complexities will be relinquished as redundant with a larger access to Bitcoin, enabling people to transact with ease. Setting up a bank account, particularly as a business, is often difficult and riddled by the complexities of bureaucracy. If you do have a bank account, you are then bound by rules and limitations. Kenya’s M-PESA system, a mobile phone-based money transfer and micro-financing service recently announced a bitcoin device, with one in three Kenyans now owning a bitcoin wallet.
Parallel economies and New Markets:
The economic or monetary policy will no longer rest in the hands of a few. Bitcoin cannot be created or devalued as it is done in the case of National currencies. Therefore, it is immune to inflation and monetary policy decisions of the governments. Bitcoin will enable micro-financing without the intervention of the conventional rules and regulations. New markets are emerging leveraging the Bitcoin technology and its implication on the everyday lives of the people.
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