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Written by ForexCult Team
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ILS In the following article, I would like to tell you a little about the ILS or also known as New Israel Shekel. It is important when you are involved in currency markets that you known what the different currencies are and that you know what they mean. It is even better if you are able to know the history that is behind the currencies. Most of the time when you are trading currencies you are not able to take the time to look up all of this information so I would like to take the time to do it for you so that you want have to take the time to do so yourself. Learning about ILS isn’t hard at all, you first have to want to learn about ILS and then you have to actual put forth the time to learn about ILS, the information about ILS isn’t going to just pop into your head. It is going to take time to familiarize yourself with ILS and you are going to have to make sure that you have the correct information about ILS as well. Some of the information that you read is true about ILS, but there is some information that is out there about ILS that isn’t true and that is why it is important that you take the time to learn all the correct information about ILS. There is no limit to how far you can go with ILS. ILS, the Background The actual name of shekel is known to be derived from what is known as an ancient unit of an amount of weight that actually amounts to around one ounce or approximately twelve grams. The Bank of Israel introduced the ILS back on September fourth of nineteen eight five. The ILS was introduced so that it could actually take the place of the old shekel that was being used at the time. The actual rate of the ILS was known to be one thousand times the amount of the old shekel. The old shekel was used to take the place of the Israeli pound back in the month of February on the twenty fourth day of the year nineteen eighty and was said to be a going rate of one old shekel to every ten pounds. Ever since the year of two thousand and three in the month of January on the first day, the ILS has been known to be a freely convertible currency in which all the capitals controls have actually been removed. In the year of nineteen ninety two, there was a floating exchange rate that was a regime with inflation that was implemented. However, since that time the capital controls have been taken away and it is now a convertible currency. When it comes to the sovereign credit ratings, they are known to play a very important role in actually determining what type of access a country has to the actual international capital markets as well as the actual terms of that access. When it comes to the sovereign ratings also they are known to actually help foster the dramatic growth as well as the stability and the efficiency that is present in the international as well as the domestic markets. ILS, What Does It Look Like The ILS is known as a gold coin and is very unique in style. Once you have actually seen what the ILS looks like, you need to know about the political structure of the ILS. Israel is actually known as a parliamentary democracy which actually consists of legislative as well as executive and judicial branches. You should also know that the institutions are known as the Presidency and then the Knesset which is also know as the parliament and then you have the government which is known as the cabinet and also the Judiciary and the State Comptroller. You should know that this system is actually based on what is known as a principle of the separation of powers that includes the checks and balances as well. Now let’s take the time to talk about the unique characteristics of the ILS. The actual value of the ILS is based on number external factors which includes the United States interest rates. However, when it comes to the high interest rates, they actually have a different effect on the ILS. Learning about ILS As I have told you in the beginning of this article, it is very important that you take the time to really learn about the ILS. There are so many currencies out there in the markets that you are going to have to learn about, however since I have already told you a little about the ILS you should take the rest of the steps to make sure that you are able to learn even more about the ILS. There is so much information out there about the ILS on the internet today that you should really have no problem finding all of the information that you need about ILS. All you have to do is look up ILS in the search box on your toolbar and then all the information that you could possibility thinks of will come up. If you can not find the information that you need about ILS on the internet you can also check out books on ILS and they will also be able to tell you everything that you need to know when it comes to ILS.

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Which is the Best Forex Broker you have traded with?

Interview with Matthew Sheppard

Senior Forex Advisor at XForex

1. What is your name and position?

Hello, my name is Matthew Sheppard and I am a senior forex advisor at XForex.

2. What is your experience and professional background?

In the last 6 years I had filled several positions in financial institutions such as a stock broker, a foreign exchange desk manager, a financial consultant and in my recent role I serve as a senior Forex advisor for XForex which is an online forex company.

3. What type of clients you deal with?

We deal with clients on all levels from the beginning stages to the more advanced trading levels.

4. Does most of your business activity come from the online or offline world?

Because of our high presence on the web, most of our business comes from the online world.

5. Why should a trader pick XForex from all forex brokers?

Aside from all the benefits that XForex offer like commission-free trading, 24/7 online support, high leverage (200:1), XForex offers educational and learning trading experience that you won’t find anywhere else..

Our team of experts and financial trainers provide personal assistance and guide clients to financial success. We provide daily analysis and market reviews to our clients giving them a better understanding of the market and helping them trade profitably.

6. From your experience, what advice would you give a person who wants to enter the forex world?

My advice to the beginning trader entering the Forex world is as follows:
  • Learn the market and understand what you’re getting into.
  • Research and find the broker that suits your needs and wants. Look for a good offering but more importantly customer service, don’t go for the low rates offer without being certain they have a good customer service department. From my extensive experience in the Forex world your key to success will be your client-broker relationship. I can honestly say that at XForex they put an emphasis on servicing clients, which is so important.
  • Invest smartly and calculate your risks.
  • Always know when to get out of a trade.

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