Foreign exchange market

Everyone thinks the Forex market is the best place to secure financial freedom in life. People are always trying hard to earn a decent amount of money. But things have gone out of control since the government is having a tough time to add more jobs to society. However, some of the smart people have come up with the unique idea of trading.

It's no secret that if you want to become an expert in something, you must practice. There is no short cut to success. Have you ever come across the 10,000 hours rule? According to this rule, if you want to be an expert at anything, you must be ready to practice for at least 10,000 hours. It applies in every aspect of life, and Forex trading is no exception.

The national currency has not depreciated in recent months and it is worse than an exaggeration to say that the (national currency) leu is on the bottom of the precipice, the governor of the National Bank of Romania (BNR), Mugur Isarescu told a Thursday's press conference, mentioning that the forint and zloty depreciated more than the leu compared to the euro.

Trading on the forex market has been slowly gaining popularity over the last 5 years. You can discern the increasing popularity by the fact that forex traders have snowballed up to 10 million over the last five years.

The Bulgarian National Bank has registered 90 new Bulgarians with more than 1 million Leva in the bank in the space of just one year, BNR reported.

Data show there are 916 millionaires in the country at this time. Their aggregate wealth amounts to around 2 billion Leva (around 1 billion 22 million euro), Nova TV reports.

The Turkish lira firmed on Thursday afternoon after US President Donald Trump said the United States is not currently looking at sanctioning Turkey over its purchase of Russian air defence systems. 

The world's top financial policymakers admitted on June 9 that trade tensions had worsened, posing a risk for the global economy, after a G20 meeting that laid bare differences between the United States and other nations.

The National Strategy and Prognosis Commission (CNSP) revised upwards to 3.2 pct its year-end inflation forecast for 2019, changing also its average exchange rate estimates upwards to 4.74 lei/euro, according to the CNSP Spring Outlook 2019 - 2022.

At the end of March 2019, the money in circulation reached BGN 16 855.9 million, rising by 10.55 per cent or by BGN 1608.5 million on an annual basis, the Bulgarian National Bank reports.

This number is up by EUR 42.1 million month-on-month and by as much as EUR 1,2 billion year-on-year, the central bank announced on its website.