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Undoubtedly, the distinctive feature of electronic currency is its virtuality as it can not be touched, put in the pocket or paid with in a store. If to talk about the material component, it does not exist. However, we should not doubt about its materiality. You can buy anything in the Internet with it: apartment, car or home appliances. Electronic currency can also be converted in any currency you need. Virtual purses are usually replenished with the help of prepaid cards such as WebMoney, Yandex.Money but also by bank wire. You can withdraw money from electronic payments system by using ATM or bank withdrawal. Moreover, you can get a credit in electronic currency. All this is available in the global network Internet. As a rule, all operations with electronic currency take no longer than several minutes.
Electronic currency has many peculiarities which usual money does not have:

1. It can not be faked.
2. Having created electronic purse on your computer and having got special anti-spy protection, third parties will not be able to hack it. Confidentiality is guaranteed. And you do not need to obtain any permission documents. You may open as many electronic purses as you want.
3. You are absolutely independent. Only you determine the amount of deposit.
4. You will always be aware of whom and where you transfer money to and where it comes from.
5. Absolute safety of all operations. Using electronic money you are able to make transaction with protection, i.e. pay for goods only after you receive them.
6. All transactions take only a few seconds.
7. You can buy a great number of goods and services which are available for sale only for electronic money.
8. You can take out a loan using electronic money. Besides, you can both obtain and grand credits.
9. Opportunity of using numerous banks, multicurrency.

We can state that electronic currency is the same money but expressed in digital format.
Due to dynamic development of the Internet and technologies, people take another view of payment opportunities. All aforesaid advantages of electronic currency prove that everybody needs it.
Electronic currency is a new phenomenon which extends people's opportunities. The only problem you can face is the fear of something new.

Forex Trading

One of the key aspects to understand fluctuations of currency pairs on Forex is working with news. Know-how to work with Forex news is equally crucial for both newbies and experienced traders willing to upgrade their skills.
To elaborate his/her own daily trading strategy, a trader needs to analyze the calendar of news for an upcoming trading period. Successful trade relying on Forex news requires:

- Knowing an approximate time when major news are most expected to be published;
- Understanding the principle of market functioning at news releases and realizing the way profit can be made on Forex;
- Discerning the interrelation between news and technical analysis.

You should also be aware of the fact that some data affect the market more that other. It is not difficult to understand. Trading strategies have been developed for many years which is suggestive of a series of economic factors influencing the way currency pairs fluctuate. Some of these factors are listed below:

•  The interest rates set by banks;
•  Inflation rate;
•  GDP and industrial production;
•  Business indices;
•  Announcements of financial officials in a certain country with the most influential ones being top-officials of the USA, Great Britain, EU countries, Japan, Switzerland and Canada.

Most Forex news is quite expected: as a rule, all news has been always forecasted. The currency market anticipates it and all its parties do their best to be prepared. Before news is released experts publish their forecasts regarding possible currency rates movements.
The market may react to news released in the following ways:

•  If the news has met the expectations, the rate of a certain currency remains basically unchanged.
•  If Forex analysts have provided exact forecast, but have not considered the consequences of the current market trend, the currency rates will not be changed as well, although their movement may accelerate.
•  In case of wrong forecasts the currency rate will take the opposite direction.

When analyzing the way fundamental data influence the currency rates it is necessary to take into account the trend direction.
If the news published contradicts the trend it implies short-term news influence: it will not be influential but for several hours.
If the news coincides with the dominant trend, then the trend will gain the speed.
It should be remembered that fundamental analysis basics are of most use when in compliance with technical analysis data.

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