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Tips for Canadians Studying in the US or Abroad

dynamic currency conversion - knightsbridgeFX

4 Reasons to Avoid Dynamic Currency Conversion

You just got your passports, travel ticket, travel insurance, and credit card ready, but are you aware of dynamic currency conversion (DCC)? You probably are excited about the trip, but it is important you research and read about DCC first to be on the safer side. Going to a new foreign country can be exciting […]

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How Well Does the Theory of Purchasing Power Parity Explain Exchange Rates?

With purchasing power parity, exchange rates between different currencies can be easy to calculate. It allows you to compare the purchasing power of various world currencies against each other so that you can buy the same amount of goods in each country. Many government agencies use purchasing power parity (PPP) to compare the outputs of […]

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How To Read Forex Trading Charts?

Trading in a foreign exchange market can be very daunting when you don’t know how to read forex charts. You’ll find it challenging to make investment decisions, like what to trade and when to invest. Learning how to read forex charts is the key to your success. With the help of live forex trading charts, […]

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How to Make a Living Through Foreign Exchange Trading

You want to make a living through foreign exchange trading, but you don’t know where to start. Before investing in forex trading, it’s essential to understand how the foreign exchange market works. You’ll be buying and selling currencies to make profits. You can earn plenty of money by trading currencies for a lifetime. But getting […]

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How to Be a Foreign Exchange Trader

Many people have lost their money in the foreign exchange market since they lack the skills of a foreign exchange trader. Foreign exchange trading is the process of speculating on currency values to make profits. With starting capital and patience, you can become a forex trader. But the needed skills and patience towards becoming an […]

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Which Investment Vehicles Are Perfect For Young Professionals?

Young investors who want to build their financial worth have a vast range of investment vehicles to consider. However, the investment options vary in terms of volatility and risk levels. Some of the options are ideal for short-term, medium-term, and long-term goals. If you want to build your portfolio at a young age, you need […]

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Where to Get the Best Exchange Rate for Canadian Dollars

It’s probably your first time visiting Canada, and you are contemplating where to get the best exchange rate for Canadian dollars. Canada is a great country to visit, thanks to its exciting cities and spectacular natural sites. While Canada shares many similar things with the United States, it doesn’t share the same currency. Therefore, visitors […]

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How to Transfer Money Online Without a Debit Card?

Sending money from one country to another can be very easy and affordable when you know how to transfer money online. We live in a technology-driven world, and you can access a digital banking app or website that offers international money transfers. The good news is, you must not have a debit card to send […]

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How to Calculate Real Exchange Rate with Inflation?

If you know how to calculate the real exchange rate of USD to CAD, you can quickly find out the purchasing power of your currency against another. An exchange rate is the rate at which an individual can exchange one currency for another at a particular time. There are different types of exchange rates, including: […]

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Self Employment Tax Canada - KFX Blog

An Introduction to Self-Employment Tax in Canada

Individuals with an entrepreneurial mindset can often find ways to generate income by running their own business and starting a company. While this goes against the traditional wealth goal of finding a job, in can prove to be very lucrative assuming the right amount of work gets put in. With that being said, self-employed entrepreneur […]

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