Korean Won

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1. redirect Korean Won

Introduction

The Template:Short description is an essential MediaWiki template designed to provide concise summaries and descriptions for MediaWiki pages. This template plays an important role in organizing and displaying information on pages related to subjects such as Binary Options, IQ Option, and Pocket Option among others. In this article, we will explore the purpose and utilization of the Template:Short description, with practical examples and a step-by-step guide for beginners. In addition, this article will provide detailed links to pages about Binary Options Trading, including practical examples from Register at IQ Option and Open an account at Pocket Option.

Purpose and Overview

The Template:Short description is used to present a brief, clear description of a page's subject. It helps in managing content and makes navigation easier for readers seeking information about topics such as Binary Options, Trading Platforms, and Binary Option Strategies. The template is particularly useful in SEO as it improves the way your page is indexed, and it supports the overall clarity of your MediaWiki site.

Structure and Syntax

Below is an example of how to format the short description template on a MediaWiki page for a binary options trading article:

Parameter	Description
Description	A brief description of the content of the page.
Example	Template:Short description: "Binary Options Trading: Simple strategies for beginners."

The above table shows the parameters available for Template:Short description. It is important to use this template consistently across all pages to ensure uniformity in the site structure.

Step-by-Step Guide for Beginners

Here is a numbered list of steps explaining how to create and use the Template:Short description in your MediaWiki pages: 1. Create a new page by navigating to the special page for creating a template. 2. Define the template parameters as needed – usually a short text description regarding the page's topic. 3. Insert the template on the desired page with the proper syntax: . Make sure to include internal links to related topics such as Binary Options Trading, Trading Strategies, and Finance. 4. Test your page to ensure that the short description displays correctly in search results and page previews. 5. Update the template as new information or changes in the site’s theme occur. This will help improve SEO and the overall user experience.

Practical Examples

Below are two specific examples where the Template:Short description can be applied on binary options trading pages:

Example: IQ Option Trading Guide

The IQ Option trading guide page may include the template as follows: For those interested in starting their trading journey, visit Register at IQ Option for more details and live trading experiences.

Example: Pocket Option Trading Strategies

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Related Internal Links

Using the Template:Short description effectively involves linking to other related pages on your site. Some relevant internal pages include:

• Binary Options
• Binary Options Trading
• Trading Strategies
• Forex Trading
• Finance
• Investment Basics

These internal links not only improve SEO but also enhance the navigability of your MediaWiki site, making it easier for beginners to explore correlated topics.

Recommendations and Practical Tips

To maximize the benefit of using Template:Short description on pages about binary options trading: 1. Always ensure that your descriptions are concise and directly relevant to the page content. 2. Include multiple internal links such as Binary Options, Binary Options Trading, and Trading Platforms to enhance SEO performance. 3. Regularly review and update your template to incorporate new keywords and strategies from the evolving world of binary options trading. 4. Utilize examples from reputable binary options trading platforms like IQ Option and Pocket Option to provide practical, real-world context. 5. Test your pages on different devices to ensure uniformity and readability.

Conclusion

The Template:Short description provides a powerful tool to improve the structure, organization, and SEO of MediaWiki pages, particularly for content related to binary options trading. Utilizing this template, along with proper internal linking to pages such as Binary Options Trading and incorporating practical examples from platforms like Register at IQ Option and Open an account at Pocket Option, you can effectively guide beginners through the process of binary options trading. Embrace the steps outlined and practical recommendations provided in this article for optimal performance on your MediaWiki platform.

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• • Financial Disclaimer**

The information provided herein is for informational purposes only and does not constitute financial advice. All content, opinions, and recommendations are provided for general informational purposes only and should not be construed as an offer or solicitation to buy or sell any financial instruments.

Any reliance you place on such information is strictly at your own risk. The author, its affiliates, and publishers shall not be liable for any loss or damage, including indirect, incidental, or consequential losses, arising from the use or reliance on the information provided.

Before making any financial decisions, you are strongly advised to consult with a qualified financial advisor and conduct your own research and due diligence.

1. Template:Infobox currency

Template:Infobox currency is a standardized, reusable component within MediaWiki used to display a concise summary of information about a specific currency. It provides a consistent and visually appealing way to present key details like the currency's name, symbol, ISO code, central bank, and other relevant characteristics across various articles on Wikipedia. This article aims to guide beginners through understanding, using, and even customizing this valuable template.

Purpose and Benefits

The primary purpose of the `Infobox currency` template is to enhance the readability and organization of articles related to currencies. Without a standardized template, information about currencies could be presented in wildly different formats, making it difficult for readers to quickly find the data they need.

Here's why using this template is beneficial:

• Consistency: Ensures a uniform presentation of currency information across all relevant articles.
• Readability: Presents information in a clear and structured manner, improving user experience.
• Efficiency: Saves editors time and effort by providing a pre-built template instead of requiring them to manually format the information each time.
• Maintainability: Changes to the template automatically propagate to all articles using it, simplifying updates and corrections.
• Interoperability: Facilitates data comparison between different currencies.

How to Use the Template

The `Infobox currency` template is relatively straightforward to use. It utilizes a series of named parameters to define the different aspects of the currency being described. Here is the basic syntax:

```wiki ```

Let's break down each parameter:

• name: The full, official name of the currency (e.g., "United States dollar"). This is a required parameter.
• symbol: The currency symbol (e.g., "$", "€", "¥"). This is also a required parameter.
• iso_code: The official three-letter ISO 4217 currency code (e.g., "USD", "EUR", "JPY"). Required. You can find a comprehensive list of ISO codes at ISO 4217.
• central_bank: The name of the central bank responsible for issuing and regulating the currency (e.g., "Federal Reserve", "European Central Bank").
• country: The country or countries that use the currency. If multiple countries use the same currency, list them separated by commas (e.g., "France, Germany, Italy"). Link the country names to their respective Wikipedia articles.
• peg: If the currency is pegged to another currency, specify the currency it's pegged to here (e.g., "USD").
• start_year: The year the currency was first issued.
• end_year: The year the currency was last issued. Use this parameter for currencies that are no longer in circulation.
• image: The filename of an image of a banknote or coin of the currency. Ensure the image is uploaded to Wikimedia Commons.
• image_size: The desired size of the image in pixels. (e.g., "200px"). If omitted, the image will be displayed at its default size.
• caption: A caption to accompany the image.
• notes: Any additional notes or information about the currency.

Example Usage

Here's an example of how to use the `Infobox currency` template to create an infobox for the United States dollar:

```wiki ```

This code will generate a neatly formatted infobox displaying the information provided.

Advanced Usage and Customization

While the basic parameters cover most common use cases, the `Infobox currency` template also supports several advanced options for customization.

• currency_code: (Numeric ISO code) The numeric ISO 4217 currency code (e.g., 840 for USD).
• subunit: The name of the subunit of the currency (e.g., "cent" for USD).
• subunit_code: The ISO 4217 code for the subunit (e.g., "c" for USD).
• status: Current status of the currency (e.g., "Official", "De facto").
• replaced_by: If the currency has been replaced by another, specify the replacement currency here.
• withdrawal_date: Date the currency was withdrawn from circulation.

These parameters offer greater granularity and allow for more detailed descriptions of currencies.

Template Categories and Hidden Parameters

The `Infobox currency` template utilizes categories for organization and maintenance. These categories are automatically applied when the template is used. There are also hidden parameters used for internal template functions which are not intended for direct editing by users. These are generally related to styling and error handling. Attempting to modify these hidden parameters can break the template.

Common Mistakes to Avoid

• Incorrect ISO Codes: Ensure the ISO code is accurate. Using an incorrect code will lead to confusion. Double-check against the ISO 4217 standard.
• Missing Required Parameters: The `name`, `symbol`, and `iso_code` parameters are mandatory. The template will not function correctly without them.
• Incorrect Image Filenames: Verify that the image filename is correct and that the image is uploaded to Wikimedia Commons.
• Linking to Non-Existent Articles: When specifying countries or central banks, ensure you link to existing Wikipedia articles. Red links (links to articles that don't exist) detract from the quality of the article.
• Overuse of Notes: Keep the `notes` parameter concise and relevant. Extensive notes should be placed in the body of the article.

Relationship to Financial Concepts and Analysis

Understanding currency characteristics, as detailed by this infobox, is fundamentally important to many financial concepts. The value of a currency is a core element of:

• Foreign Exchange (Forex) Trading: The most liquid financial market globally, where currencies are traded. Knowing the base details of a currency is the first step in Forex Trading.
• Exchange Rate Regimes: Understanding whether a currency is pegged, floating, or managed is crucial to analyzing its behavior.
• Balance of Payments: Currency values are heavily influenced by a nation's balance of payments.
• Interest Rate Parity: The relationship between interest rates and exchange rates.
• Purchasing Power Parity (PPP): A theory that compares the prices of identical goods and services in different countries.
• Technical Analysis: Analyzing currency charts and using candlestick patterns to predict future price movements. Understanding the currency's origin and stability can influence the interpretation of these patterns.
• Fundamental Analysis: Evaluating a currency based on economic factors like GDP, inflation rates, and unemployment rates.
• Risk Management: Assessing the risks associated with holding or trading a particular currency.
• Currency Carry Trade: Borrowing in a low-interest-rate currency to invest in a higher-interest-rate currency.
• Fibonacci Retracements: A popular tool used in technical analysis to identify potential support and resistance levels.
• Moving Averages: Used to smooth out price data and identify trends. Different types of Moving Averages exist, such as Simple Moving Average (SMA) and Exponential Moving Average (EMA).
• Bollinger Bands: A volatility indicator that measures the range of price fluctuations.
• Relative Strength Index (RSI): An oscillator that measures the magnitude of recent price changes to evaluate overbought or oversold conditions.
• MACD (Moving Average Convergence Divergence): A trend-following momentum indicator that shows the relationship between two moving averages of prices.
• Ichimoku Cloud: A comprehensive indicator that provides support and resistance levels, trend direction, and momentum.
• Elliott Wave Theory: A form of technical analysis that identifies repeating wave patterns in financial markets.
• Head and Shoulders Pattern: A bearish reversal pattern that signals a potential downtrend.
• Double Top and Double Bottom: Reversal patterns indicating potential changes in trend direction.
• Triangles (Ascending, Descending, Symmetrical): Chart patterns that suggest consolidation and potential breakouts.
• Trend Lines: Lines drawn on a chart to connect a series of highs or lows, indicating the direction of a trend.
• Support and Resistance Levels: Price levels where the price tends to find support or resistance.
• Gap Analysis: Examining gaps in price charts to identify potential trading opportunities.
• Volume Analysis: Analyzing trading volume to confirm trends and identify potential reversals.
• Market Sentiment Analysis: Assessing the overall attitude of investors towards a currency.
• Correlation Analysis: Determining the relationship between different currencies.
• Quantitative Easing (QE): A monetary policy used by central banks to increase the money supply.
• Inflation Expectations: Anticipations about future inflation rates, which can influence currency values.
• Political Risk: Assessing the impact of political events on currency values.
• Black Swan Events: Unexpected events with significant impacts on financial markets.

The information presented in the `Infobox currency` provides a foundational understanding vital for applying these analytical techniques and interpreting market dynamics.

Where to Find More Help

• Template Documentation: The official documentation for the `Infobox currency` template can be found at [1].
• Wikipedia Help Pages: Help:Templates provides general information about using templates in MediaWiki.
• Wikimedia Commons: [2] for finding and uploading images.
• ISO 4217 Website: [3] for official currency codes.
• Wikipedia's List of Currencies: List of currencies

Conclusion

The `Template:Infobox currency` is a powerful tool for creating informative and consistent articles about currencies on Wikipedia. By understanding its parameters and following best practices, even beginners can effectively utilize this template to contribute to the knowledge base. Remember to always double-check your information and ensure accuracy to maintain the integrity of the encyclopedia.

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The Korean Won (원, symbol: ₩, code: KRW) is the official currency of South Korea. The word "won" itself means "round" in Korean, historically referring to the shape of traditional Korean coins. Its history is complex, marked by periods of stability, devaluation, and redenomination. This article will provide a comprehensive overview of the Korean Won, covering its history, denominations, exchange rates, economic factors affecting its value, and its role in international finance. This information is intended for beginners with little to no prior knowledge of the currency or the Korean economy.

History

The history of the Korean currency is intertwined with the political and economic landscape of the Korean peninsula. Before the modern Won, various forms of currency were used, including copper coins and rice.

• Joseon Dynasty (1392-1910): During the Joseon dynasty, the *yangban* (ruling class) primarily used copper coins called *yeopcheon*. However, rice was often used as a medium of exchange, especially for larger transactions.
• Japanese Colonial Period (1910-1945): Under Japanese rule, the Yen became the official currency. The Korean Won as a distinct currency ceased to exist during this period.
• Post-Liberation and Korean War (1945-1953): Following liberation in 1945, the South Korean government initially attempted to re-establish the Won, but it faced significant instability due to the Korean War. Multiple currency reforms were implemented during this period. The first Won (H1) was introduced in 1945, quickly followed by the second Won (H2) in 1947 due to hyperinflation.
• The Third Won (1953-1962): The third Won was introduced in 1953 after the Korean War, pegged to the US dollar at an initial rate of 625 Won per USD.
• The Fourth Won (1962-Present): In 1962, a new currency, the fourth Won, was introduced following a currency reform and devaluation. This is the Won currently in circulation. It was initially pegged to the USD at a rate of 120 Won per USD. Numerous devaluations and fluctuations have occurred since then, influenced by economic conditions and government policies. Exchange rate is a critical component in understanding the Won's value.

Denominations

The Korean Won is divided into 100 *jeon* (전). However, *jeon* coins are rarely used in circulation today.

• Coins: Currently, the following coins are in circulation:

   * 1 Won
   * 5 Won
   * 10 Won
   * 50 Won
   * 100 Won
   * 500 Won

• Banknotes: The Bank of Korea issues banknotes in the following denominations:

   * 1,000 Won (featuring Toegye Yi Hwang)
   * 5,000 Won (featuring Shin Saimdang)
   * 10,000 Won (featuring King Sejong the Great)
   * 50,000 Won (featuring Yu Seong-ryong)
   *  New 100,000 Won banknotes have been planned, but haven’t been released yet.

The banknotes incorporate advanced security features to prevent counterfeiting, including watermarks, security threads, and microprinting. Understanding these denominations is important for travelers and anyone conducting transactions in South Korea. Money management is crucial regardless of the currency used.

Exchange Rates and Factors Influencing Them

The Korean Won is a floating exchange rate currency, meaning its value is determined by market forces of supply and demand. However, the Bank of Korea (BOK) sometimes intervenes in the foreign exchange market to stabilize the Won's value, especially during periods of high volatility.

Several factors influence the KRW exchange rate:

• Economic Growth: South Korea’s economic performance is a major driver of the Won’s value. Strong economic growth generally leads to appreciation of the Won. Gross Domestic Product (GDP) is a key indicator.
• Interest Rates: Interest rate differentials between South Korea and other major economies, particularly the United States, affect capital flows and the Won’s value. Higher interest rates in South Korea can attract foreign investment, increasing demand for the Won.
• Inflation: Inflation rates in South Korea relative to its trading partners impact the Won’s purchasing power. Higher inflation can lead to depreciation of the Won. Inflation rate is a crucial metric.
• Global Economic Conditions: Global economic events, such as recessions or financial crises, can significantly affect the Won’s value.
• Geopolitical Risks: Tensions on the Korean peninsula, particularly related to North Korea, can create uncertainty and lead to depreciation of the Won.
• Trade Balance: South Korea is a major exporting nation. A positive trade balance (exports exceeding imports) generally supports the Won’s value. Balance of trade is a significant factor.
• Foreign Investment: The inflow and outflow of foreign direct investment (FDI) and portfolio investment influence the demand for and supply of the Won. Foreign Direct Investment (FDI) is monitored closely.
• Government Policies: The Bank of Korea’s monetary policy and government intervention in the foreign exchange market can influence the Won’s value. Monetary policy plays a vital role.

Real-time exchange rates can be found on various financial websites, such as XE.com and Yahoo Finance. Understanding technical analysis can help predict potential exchange rate movements.

The Korean Won in International Finance

The Korean Won is not a major reserve currency like the US dollar or the Euro. However, its importance is growing due to South Korea's significant economic size and its role in global trade.

• Trade Finance: The Won is widely used in trade finance transactions involving South Korean companies.
• Foreign Exchange Reserves: Some central banks hold Korean Won as part of their foreign exchange reserves, although the amount is relatively small compared to major currencies.
• Emerging Market Currency: The Won is considered an emerging market currency, meaning it is subject to higher volatility than developed market currencies. Emerging markets present both opportunities and risks.
• Won-Denominated Bonds: The South Korean government and corporations issue bonds denominated in Won, attracting both domestic and foreign investors.
• Derivatives Market: There is a market for Won-denominated derivatives, such as futures and options, allowing investors to hedge against currency risk. Derivatives trading can be complex.

The increasing globalization of the Korean economy is expected to further increase the international use of the Won. Globalisation impacts currency values significantly.

Trading the Korean Won

The Korean Won can be traded on the foreign exchange (forex) market, primarily against major currencies like the US dollar, Euro, and Japanese Yen.

• Forex Brokers: Traders can access the forex market through online forex brokers. Choosing a reputable broker is crucial.
• Currency Pairs: The most commonly traded currency pair involving the Won is USD/KRW (US dollar against Korean Won). Other pairs include EUR/KRW and JPY/KRW.
• Trading Strategies: Various trading strategies can be used to trade the Won, including:

   * Trend Following: Identifying and following the prevailing trend in the USD/KRW exchange rate.  Trend following strategies are popular.
   * Breakout Trading:  Trading when the exchange rate breaks through a key support or resistance level.
   * Scalping:  Making small profits from frequent trades.
   * Swing Trading:  Holding trades for several days or weeks to profit from larger price swings.

• Technical Indicators: Traders often use technical indicators to analyze the Won’s price movements, including:

   * Moving Averages:  Identifying trends and potential support/resistance levels.  Moving Averages are foundational.
   * Relative Strength Index (RSI):  Measuring the magnitude of recent price changes to evaluate overbought or oversold conditions.  RSI indicator is widely used.
   * Moving Average Convergence Divergence (MACD):  Identifying changes in the strength, direction, momentum, and duration of a trend.  MACD indicator is a powerful tool.
   * Bollinger Bands:  Measuring market volatility and identifying potential overbought or oversold conditions.  Bollinger Bands offer insights into volatility.
   * Fibonacci Retracements:  Identifying potential support and resistance levels based on Fibonacci ratios.  Fibonacci retracements are used for price projections.

• Risk Management: It is essential to use risk management techniques when trading the Won, such as:

   * Stop-Loss Orders:  Automatically closing a trade when the price reaches a predetermined level to limit losses.  Stop-loss orders are essential for risk control.
   * Position Sizing:  Determining the appropriate size of a trade based on your risk tolerance and account balance.
   * Diversification:  Spreading your investments across different currency pairs to reduce risk.  Diversification strategies minimize exposure.

Trading the Korean Won involves significant risks. It is important to understand these risks and to trade responsibly. Risk management in Forex is paramount. Consider consulting a financial advisor before trading. Forex trading risks should be thoroughly understood. Candlestick patterns can also provide valuable trading signals. Chart patterns are another important aspect of technical analysis. Trading psychology significantly impacts trading success. Fundamental analysis can provide a broader economic context. Economic calendar events can cause market volatility. News trading relies on reacting to economic news releases. Correlation trading involves trading based on the relationship between different assets. Algorithmic trading uses automated systems to execute trades. High-frequency trading utilizes advanced technology for rapid trading. Day trading involves opening and closing positions within a single day. Swing trading strategies aim to capture medium-term price movements. Position trading focuses on long-term investment horizons. Hedging strategies are used to reduce risk. Options trading involves using options contracts. Futures trading involves using futures contracts. Margin trading allows traders to leverage their capital. Volatility trading focuses on profiting from market fluctuations. Market sentiment analysis assesses the overall attitude of investors. Backtesting strategies involves testing trading strategies on historical data.

Future Outlook

The future outlook for the Korean Won is dependent on several factors, including South Korea’s economic growth, global economic conditions, and geopolitical developments. Analysts predict continued volatility in the Won’s value, particularly in the face of global economic uncertainty. However, South Korea’s strong economic fundamentals and its position as a major exporting nation suggest that the Won will remain a significant currency in the international financial system. Continued innovation and adaptation to global economic trends will be key to the Won's long-term success. Economic forecasting offers potential insights into future trends.

Bank of Korea policy will continue to be a major influence.

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