Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. Those interested can upgrade from Instant to Gold accounts via the dedicated mobile apps of Robinhood or directly via the broker’s website. Perhaps more mention-worthy is the fact that the mobile brokerage gives traders the chance to test the Gold account at no cost for a period of thirty days. How to trade forex on robinhood? […]

For example, if a currency undergoes major inflation, the exchange value of that currency will likely drop. Imagine a scenario where the dollar experiences severe inflation and becomes worth half of what it was worth before. If before you could trade $100 for 90 euros, now you‘d only get around 45 euros (assuming the euro’s value stayed constant), because the dollar lost half of its purchasing power. The exchange rate between currencies varies with a […]

When the SMU was dissolved in 1914, each of the three Scandinavian countries decided to keep their respective “crown”. Norway kept the Norwegian krone, Sweden the Swedish krona and Denmark the Danish krone. Norway’s currency is the Norwegian krone, but how much do you really know about it? Here is the history and other things to know about the currency of Norway. Although the Norwegian Krone (NOK) is generally considered a safe and reliable currency, […]

The Norwegian krone is worth 9% more than the Swedish Krona. Norway’s shipping, hydroelectric power, fishing, and manufacturing all contribute to the country’s gross domestic product (GDP). However, it is interesting to note that many industries are state-owned. Historically, the krone is a prudent investment as Norway stakes claim to one of Europe’s most stable economies. My friend declared to me last week, “well, it finally happened – I persuaded my Dad to get online […]