• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On June 19, according to the Israeli Air Force, in the early morning of the 19th local time, due to possible drone attacks, air defense alarms were sounded in many places in northern Israel and the Jordan Valley. Subsequently, the Israeli Air Force intercepted two drones launched from Iran. According to Iranian news, on the 19th local time, the Iranian Islamic Revolutionary Guard Corps warned relevant personnel to evacuate immediately from a hotel in Tel Aviv, Israel. It is said that since the outbreak of this round of Israeli-Iranian conflict, Israels Channel 12 has been broadcasting in the hotel.June 19th news, early this morning, OpenAI released a 40-minute in-depth interview with its co-founder and CEO Sam Altman. This interview is very technical. Altman talked about the core product GPT-5 that everyone is very concerned about. It is likely to be released this summer, but the product time will be extended due to naming, security testing, function iteration and other reasons. It also talked about the high-performance o3 model and the intelligent agent Deep Research, and the importance of these products to the realization of AGI. In addition, Altman also mentioned OpenAIs other innovative products, including Sora, DALL-E 3, ChatGPT Junior and the $500 billion investment project "Stargate". Basically all of OpenAIs important products, current plans and future developments appeared in this interview.Japan bought -84.5 billion yen of foreign stocks in the week ending June 13, compared with -148.9 billion yen in the previous week.Foreign investors bought 434.5 billion yen of Japanese bonds in the week ending June 13, with the previous value revised from 219.8 billion yen to 220.4 billion yen.Japan bought 157.13 billion yen of foreign bonds in the week ending June 13, and the previous value was revised from -45.86 billion yen to -45.36 billion yen.

What is forex trading?and what are the benefits of forex trading?

LEO

Oct 25, 2021 13:27

What is forex trading?

Forex is one of the most widely traded markets in the world, with a total daily average turnover reported to exceed $5 trillion a day. The forex market is not based in a central location or exchange, and is open 24 hours a day from Sunday night through to Friday night. A wide range of currencies are constantly being exchanged as individuals, companies and organisations conduct global business and attempt to take advantage of rate fluctuations.

Forex is always traded in pairs – for example AUD/USD. You speculate on whether the price of one country's currency will rise or fall against the currency of another country, and take a position accordingly. Looking at the AUD/USD currency pair, the first currency (AUD) is called the 'base currency' and the second currency (USD) is known as the 'counter currency'. 

What are the benefits?

Some of the main benefits of forex trading that make this asset class a popular choice among traders are:

-The ability to trade on margin (using leverage)
-High levels of liquidity mean spreads stay tight which keeps trading costs low
-Prices react quickly to breaking news and economic announcements (this can be a disadvantage too)
-Trade 24 hours a day from Sunday to Friday
-The ability to go long and short
- Wide range of markets 

How do I trade forex?

  1. Decide how you’d like to trade forex

  2. Learn how the forex market works

  3. Choose your forex trading platform

  4. Open a forex trading account

  5. Deposit 

  6. Open, monitor and close your first position


Suggestion