CFI Financial Group has inked a major sports sponsorship deal with the national basketball team of Jordan, the Forex
Forex
Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value.
Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value.
Read this Term and CFDs broker announced on Tuesday.
Under the terms of the deal, CFI has become the exclusive trading partner of the Jordanian basketball team, and the broker’s logo will be featured on the team’s jersey. In addition, the company will enjoy other exclusives and branding rights.
Furthermore, the national basketball tournament in the country will be renamed as ‘CFI Premier League’. The broker will extend its support to Jordan’s women’s and junior basketball teams as well, and its branding will be present on the courts too.
Commenting on the deal, Loay Azar, CEO at CFI Jordan, said: “We believe that the right partner will create two-sided success. In this case, CFI’s already established presence in Jordan, as well as its reputation and eminence for being a trading provider that caters and supports clients as more than just numbers.”
Moreover, he added that the partnership will reinforce the broker’s presence in Jordan and “solidify [the broker’s] bond with the country by supporting a successful local sport that has made all Jordanians proud.”
Demand for Sports Sponsorships
This is not the first such sponsorship deal of CFI as the broker signed similar deals with La Sagesse and Riyadi, Lebanon’s top two basketball teams. CFI also sponsors Formula E driver Oliver Rowland and his Nissan e.dams Formula E team.
“The partnership contract with CFI highlights their well-directed interest in a successful and highly followed sport like basketball. Given their history and growth, a company such as CFI is the type of partner we seek to build a relationship with for many years,” said Nabeel Abu Ata, the Secretary-General of Jordan’s Basketball Federation.
CFI Financial Group has inked a major sports sponsorship deal with the national basketball team of Jordan, the Forex
Forex
Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value.
Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value.
Read this Term and CFDs broker announced on Tuesday.
Under the terms of the deal, CFI has become the exclusive trading partner of the Jordanian basketball team, and the broker’s logo will be featured on the team’s jersey. In addition, the company will enjoy other exclusives and branding rights.
Furthermore, the national basketball tournament in the country will be renamed as ‘CFI Premier League’. The broker will extend its support to Jordan’s women’s and junior basketball teams as well, and its branding will be present on the courts too.
Commenting on the deal, Loay Azar, CEO at CFI Jordan, said: “We believe that the right partner will create two-sided success. In this case, CFI’s already established presence in Jordan, as well as its reputation and eminence for being a trading provider that caters and supports clients as more than just numbers.”
Moreover, he added that the partnership will reinforce the broker’s presence in Jordan and “solidify [the broker’s] bond with the country by supporting a successful local sport that has made all Jordanians proud.”
Demand for Sports Sponsorships
This is not the first such sponsorship deal of CFI as the broker signed similar deals with La Sagesse and Riyadi, Lebanon’s top two basketball teams. CFI also sponsors Formula E driver Oliver Rowland and his Nissan e.dams Formula E team.
“The partnership contract with CFI highlights their well-directed interest in a successful and highly followed sport like basketball. Given their history and growth, a company such as CFI is the type of partner we seek to build a relationship with for many years,” said Nabeel Abu Ata, the Secretary-General of Jordan’s Basketball Federation.
