Genuine Online Forex Trading

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Genuine Online Forex Trading

The world has seen and continues to see progress very significant technology in all walks of life and areas including in the area of energy, where it became possible with this technology access to places of energy storage in the ground is possible and Hinda, also became estimating quantities of buried energy resources in the ground is possible.

Concept of oil reserves:

Its mean, what they contain the ground of non-renewable energy sources that could be in the form of crude oil, or natural gas, or gas attendant, or recovered from the liquid gas, and vary the importance of oil reserves account from one party to another,genuine online forex trading

Oil reserve account depends on account a range of things:

1- Estimate of the land area that contains the oil,Square foot unit.

2-The proportion of water contained in the liquid oil

3-Determine the depth and the thickness of the space that contain oil

4-The expense of oil the size of the oil: Crude oil is located in the volume of oil well only.

5-Total oil reserves: part of the total volume of oil but can be extracted and use

6-Remaining reserves: the difference between the volume of oil and the total volume of oil

7-Determine the degree of porosity of the rocks that contain oil: which is equal to the size of the     pores that are filled with oil.

More than ten countries possess reserves of oil in the world:

1-Saudi Arabia is the largest country in the world contain oil

2-Canada's second-states contain oil

3-Iran

4-Iraq

5-Kuwait

6-The United Arab Emirates

7-Venezuela

8-Russia

9-Libya

10-Nigeria

The Currency

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 The Currency

Currency is a unit of the amount used in various business operations between the parties or more, and these currencies are different from one place to another, and there are many countries use Mchabah currencies to each other, and the value of each coin is different from the other.

The Strongest Global Currencies:

Currency was invented to facilitate trade between the operations people, as opposed to the old method, which was based on barter and exchange of goods directly.

* Kuwaiti Dinar:

Is the official currency of Kuwait, the issuing of the Central Bank of Kuwait, and in 1960 the Kuwait Currency Board to issue the first KD in the markets

Kuwait has the ingredients of a prominent factors helped to shape the industry and an important and influential and attractive regional and global economy. Kuwait is a relatively open economy dominated most of the government sector, the oil industry and represented in Kuwait by the state-owned more than half of GDP.

Kuwait's Economy:

   Despite the small size of Kuwait, but it occupies a large volume of oil reserves and is in the forefront of countries, Kuwait was able to increase the level of GDP have over the past years a steady and growing despite many crises that gripped the country, and along with oil Kuwait has a lot of resources natural and that contributed to the emergence of life, and the form of higher oil revenues to Kuwait.

It reached Kuwait's exports to 9.5 billion dollars, while imports were up to 22.41 billion US dollars, the main goods that Kuwait export is oil and petrochemical products, financial services and fertilizers, which form the power of the Kuwaiti economy, and imports Kuwait a wide range of products such as textiles, machinery, food products, and is considered Japan is the largest state you are buying oil from Kuwait