The Golden Elephant

If you treat trading currencies as a business, Fibo Quantum Scalper you will realize that any business will have losses even the best but they simply make sure that there profits are bigger. A business has overheads losses but keeps them small and makes sure, there profits are bigger and its the same in Forex trading.Not many governments in the world are happy to intervene in the market supporting another currency, but the Swiss National Bank poured vast amounts of money to support the euro exchange rate against the Swiss currency between March 2009 and June 2010. These efforts had only a temporary effect, though. One of the factors shedding light on such, at first sight strange, situation is the fact that traditionally the franc is a strong currency, or "hard currency", and many investors look at the Swiss currency as a shelter in times of financial turmoil and ongoing crisis.Actually, the Swiss franc remains the only national currency in Europe, which continues the long tradition of many mediums of exchange that were called "franc" during the centuries. Only in May 2000, the Swiss franc lost its official linking to the gold; previously, the Swiss legislation required least 40 per cent of the value of the national currency to be backed by gold. That is why the Swiss franc was, and still is, considered one of the safest currencies in the world, while the euro exchange rate against the Swiss currency represents one of the most actively traded currency pairs on the Forex markets.

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