Trading Nation is an eBook which explains in detail how to trade the forex market profitably. If you are a complete newbie to the forex markets and are thinking of making some extra money, I highly recommend that you check out this program, as it could be the answer to your problems. You see, trading in forex can be quite lucrative provided you know what you are doing and how to trade. A good trading nation is a nation where domestic trade makes up an unusually high percentage of its GDP.
One thing to note about a good trading nation is that it will always have an export industry and an import industry. Canada is a great example of such a nation. Canada exports vast amounts of oil and gas to the United States, while it also imports food from all over the world, primarily from the United States. This means that Canada is always either importing or exporting a lot of goods, which makes its market extremely volatile. Another factor that makes Canada a good choice for trading is that its currency, the Canadian dollar, is very similar to the US dollar, meaning that any dollar spent in Canada is translated into a US dollar.
Another aspect of a good trading nation is that its currency will be convertible on a frequent basis. Since Canada regularly buys and sells large amounts of oil and gas, and has a very strong relationship with the United States, it is perfectly natural that its dollars will be convertible to US dollars on a regular basis. Canada’s dollar is not convertible yet to the Euro, however the day will come when it will be and that will change the value of Canada’s exports and imports immensely. When the day comes that Canada becomes a major exporter of both exports and imports, the value of the Canadian dollar will appreciate tremendously and this will make Canada one of the largest trading nations in the world.