Forex,Options,Trading,Commodit finance, share, loan Forex Options Trading - Commodity Currency
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In forex terminology, commodity forex trading refers to the exchange of a country that depends highly on exports. The countries that have commodity currency are those that have economies that rely chiefly on exporting raw materials to gain income. In a way, their economy depends on the foreign market.Commodity exchange is probably the closest forex trading or any other speculation stoop to the level of the real economy since it involves the status of tangible goods instead of finances. Learning how to trade with commodity currency entails some knowledge on the economic status of the country that uses the currency to be able to speculate on how much income is derived from exports.Most countries that have commodity currency are developing countries such as Papua New Guinea, Tanzania and other countries located in Africa and Southeast Asia. But there are also developed countries such as Australia and Canada that are viable for commodity forex trading. In fact, in forex trading, Australian Dollar, Canadian Dollar and New Zealand Dollar are generally considered as commodity currencies.Another example of commodity currency is South African Rand which relies chiefly on exporting gold. The US Dollar is sometimes considered as a commodity and currency as well.According to the International Monetary Fund (IMF) World Economic Outlook, there are 53 developing countries and 5 developed countries that depend on commodity exports. On the IMF study, it was shown that real commodity export prices influence the movement of real exchange rates in commodity with currency countries. Whenever a deviation on the real exchange rate on commodity currency countries occurs, it can easily be attributed to the fluctuation of real commodity prices. Article Tags: Commodity Currency, Forex Trading
Forex,Options,Trading,Commodit