Forex trading is similar to buying and selling other types of securities, like stocks. The main difference is that Forex trading is done in pairs, such as EUR/USD (euro/U.S. dollar) or JPY/GBP (Japanese yen/British pound). When you make a Forex trade, you sell one currency and buy another. You profit if the currency you buy moves up against the currency
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Fintech is a term used to describe financial technology, an industry encompassing any kind of technology in financial services – from businesses to consumers. Fintech describes any company that provides financial services through software or other technology and includes anything from mobile payment apps to cryptocurrency. Broadly, fintech describes any company using the internet, mobile devices, software technology or cloud
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Forex trading allows you to speculate on price movements in the global foreign exchange market. Currency values rise and fall in relation to each other and in response to national and international economic, financial and political events. When trading Forex, you would buy a currency pair if you believed that the base currency will strengthen against the counter currency. Alternatively,
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Some well-known companies such as Personal Capital, Lending Club, Kabbage and Wealthfront are examples of FinTech companies that have emerged in the past decade, providing new twists on financial concepts and allowing consumers to have more influence on their financial outcomes. Digital Lending and Credit FinTech giant Kabbage directly funds small business loans and is powered by transactional data to
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