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Currency trading is slowly gaining popularity among smaller retail investors, thanks to its faster-returns potential. Moreover, with the advent of cheap Internet services, most of the traders are now flocking to the online forex trading platforms provided by brokerage houses to stay ahead of the curve.

A common belief among people is that changes in the currency exchange rate do not affect them until and unless they are planning a foreign holiday, buying something imported or are investing in currencies. Unfortunately, that’s not completely true.

The United States of America is the world’s largest economy. It is a $23-trillion economy (2021). The strength of the US economy supports the value of the dollar and that’s why the greenback is the most powerful currency in the world.

Life is filled with uncertainties. For citing a recent example, the outbreak of Covid-19 has led to the demise of millions across the globe. Life Insurance aims to provide monetary relief to the nominee owing to the premature death of an individual.

An element of risk is involved in every sphere of our life. The financial implications of these life risks can be significant. Insurance is an excellent risk management tool that safeguards you and your loved ones from the financial perils of unforeseen situations. To understand what is Insurance, think of it as a contract between two parties – the insurer and the insured.

A good investor keeps themselves abreast with the different investment avenues available. A thorough understanding of investment avenues helps diversify your portfolio and make the right investment choices based on your risk appetite. One crucial investment option is Bonds.Governments and corporate firms issue Bonds when they need funds. When you buy them, you give the issuer a loan, and they pay the face value back on a specific date. Additionally, they must make periodic interest payments, usually twice a year.