Monday, January 23, 2012

Friday, November 18, 2011

British Pounds And History

The pound sterling is the world's oldest currency still in use.
[edit] Anglo-Saxon
Main article: Anglo-Saxon pound

The pound was a unit of account in Anglo-Saxon England, equal to 240 silver pennies and equivalent to one pound weight of silver. It evolved into the modern British currency, the pound sterling.

The accounting system of 4 farthings = 1 penny, 12 pence = 1 shilling, 20 shillings = 1 pound was adopted from that introduced by Charlemagne to the Frankish Empire (see French livre).

The origins of sterling lie in the reign of King Offa of Mercia, (757–96) who introduced the silver penny. It copied the denarius of the new currency system of Charlemagne's Frankish Empire. As in the Carolingian system, 240 pennies weighed 1 pound (corresponding to Charlemagne's libra), with the shilling corresponding to Charlemagne's solidus and equal to 12d. At the time of the penny's introduction, it weighed 22.5 troy grains of fine silver (30 tower grains; about 1.5 g), indicating that the Mercian pound weighed 5,400 troy grains (the Mercian pound became the basis of the tower pound, which weighed 5,400 troy grains, equivalent to 7,200 tower grains). At this time, the name sterling had yet to be acquired. The penny swiftly spread throughout the other Anglo-Saxon kingdoms and became the standard coin of what was to become England.

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Forex Trading Tips For FXCM

Forex Trading Tips

Tip 1. Gamblers go to casino. All unproved, spontaneous actions in Forex trading — are a part of pure gambling.
Any attempt to trade without analysis and studying the market is equal to a game. Games are fun except when you lose real money...
Tip 2. Never invest money into a real Forex account until you practice on a Forex Demo account!
Allow at least 2 months for demo trading. Consider this: 90% of beginners fail to succeed in the real money market due to lack of knowledge, practice and discipline. Those remaining 10% of successful traders had been sharpening and shaping their
skills on demo accounts for years before entering the real market.
A good demo account to start practicing with could be, for example, FXGame from Oanda.

Tip 3. Go with the trend!
Trend is your friend. Trade with the trend to maximize your chances to succeed. Trading against the trend won't "kill" a trader, but will definitely require more attention, nerves and sharp skills to rich trading goals.
When a trend is up you don't want to be selling.Forex trading tips: uptrendWhen a trend is down, you don't want to be buying.

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Thursday, October 27, 2011

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US Currency Trading

Gold held steady today as pressure from profit taking and weakening safe haven demand was an offset by a sharp fall in the US dollar, an alternative asset to the yellow metal.

The American currency dropped against the euro after the EU hammered out a deal to stem the debt crisis that has depressed the markets for months.

EU policymakers have agreed to increase the size of the European Financial Stability Facility (EFSF) to €1 trillion, write down half of the Greek debt owned by private bondholders and called for European banks to raise €106 billion of additional capital.

Traders were jittery ahead of the summit after media reports suggested that euro zone member were still at odds over a few key issues, including how to increase the bailout fund. Gold hit five week highs just before the summit kicked off as investors used it to protect wealth.

The long-awaited comprehensive plan to combat the debt crisis has boosted appetite for riskier assets, triggering a rally in stock markets, while safe haven assets such as the US dollar were out of favour.

Gold traded at US$1,727/oz this afternoon, up just US$2 from Wednesday’s close. Silver rallied 93 cents to US$34.30/oz and platinum advanced US$21 to US$1,614/oz.

Today’s top risers in the sector were:

Norseman Gold (LON:NGL), up 10.5 percent at 7.02 pence at midday

Arian Silver Corp (LON:AGQ), up 10 percent at 25.35 pence

Caledonia Mining (LON:CMCL), up 9.5 percent at 5.75 pence

Solomon Gold (LON:SOLG), up 9.5 percent at 15.99 pence

Aquarius Platinum (LON:AQP), up 9 percent at 194.34 pence

The top fallers were:

GMA Resources (LON:GMA), down 18 percent at 0.102 pence at midday

Bezant Resources (LON:BZT), down 9 percent at 29.15 pence

Alecto Minerals (LON:ALO), down 6 percent at 2 pence

Central Rand Gold (LON:CRND), down 5.5 percent at 0.43 pence

Hummingbird Resources (LON:HUM), down 5.5 percent at 129 pence

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