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? […]

Therefore, as you gain experience and confidence in forex trading, you may consider exploring other platforms that offer a more comprehensive range of currency pairs and advanced trading features. Before diving into forex trading on Robinhood, it is essential to understand the basics of the platform and its features. Robinhood is a mobile-based trading platform available for both iOS and Android devices. What are the different ways foreign exchange can happen? While it remains popular […]

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, […]

Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers. These are the average exchange rates of these two currencies for the last 30 and 90 days. The number of country specific currencies dwindled in Europe when the euro was introduced as a physical denomination on 1 January 2002. It’s currently the official currency of 19 of the 27 EU member states. Norwegian Krone Exchange Rate […]

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 […]