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Sources say Mexico is assessing whether to halt oil shipments to Cuba due to fears of U.S. retaliation.Iran’s international internet service will be fully restored within the next 24 hours.On January 24th, Politico, citing three sources familiar with the matter, reported that the Trump administration is weighing new measures to push for regime change in Cuba, including a complete blockade of oil imports from the Caribbean nation. Two of the sources indicated that this escalation was pushed by some within the administration who are critical of the Cuban government and has the support of Secretary of State Rubio. No decision has yet been made on whether to approve the measure, but they added that it could be included in a package of options presented to Trump aimed at forcing the Cuban government to step down. Blocking crude oil shipments to Cuba would go further than Trumps statement last week, when he said the U.S. would block Cuba from importing oil from Venezuela, which has previously been Cubas main crude oil supplier.According to Politico: The Trump administration is considering imposing a maritime blockade to prevent Cuba from importing oil.On January 24th, local time, delegations from Russia, the United States, and Ukraine began negotiations in Abu Dhabi, United Arab Emirates, on the 23rd. The first round of talks was held behind closed doors and not open to the media. Ukrainian President Volodymyr Zelenskyy stated in his evening video address on the 23rd that the three delegations were in talks, with the Ukrainian delegation providing him with updates almost hourly. Zelenskyy pointed out that this trilateral meeting was very important because such a format of trilateral talks had not been seen for a long time. Zelenskyy stated that the current focus of the negotiations was on the specific conditions for ending the conflict. He indicated that Ukraines position was clear, and he had already established a framework for dialogue for the delegations.

Currency Trading Forex

Drake Hampton

Mar 24, 2022 14:28

Forex currency trading may be the correct choice for you if you're seeking for a very liquid trading environment that allows you to speculate on a practically 24/6 currency market. Forex trading should be confined to risk money, and while the off-exchange foreign currency market has certain unique hazards, it can present a chance for educated traders to benefit from a very busy worldwide market.


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The Basics of Forex Currency Trading

It is a worldwide market for currency exchange between governments, as well as for individual investors or dealers. As the name indicates, the retail off-exchange forex market does not take place on an exchange, which means that there is no physical site where all currencies are traded.

 

A critical and fundamental point to grasp about forex is that it is traded in pairs. This implies that you are simultaneously purchasing and selling a currency. For instance, you initiate a trade in the European euro versus the US dollar, or EUR/USD. This indicates that you expect the euro will appreciate in value relative to the dollar. On the other hand, if the euro depreciates against the dollar, you risk losing your whole investment, or even more. If the euro increases in value and you wish to benefit, you would "unwind" your position by selling the euro and purchasing the dollar. That is a fairly simplified example, but it should illustrate how forex works in general.

Considerations

Consider the following before engaging in forex trading:

 

Leverage: Using a little quantity of money to control a huge investment. This enables high potential returns, but caution should be exercised because it can also result in significant losses.

 

Market that operates nearly 24 hours a day, six days a week: Respond quickly to market circumstances and economic events by trading almost 24 hours a day, six days a week — from Sunday to Friday.

 

Liquidity: Forex is an extremely busy market with an enormous volume of trading, particularly in the largest currencies. Trading some of the more esoteric pairings may raise worries about liquidity.

 

Forex currency pairs are exchanged in 10,000-unit increments with no fee. However, the bid/ask spread reflects the cost of the trade.

Establishing an account

To begin forex trading with Top1 Markets, you must first establish a basic account. Individual or joint accounts are available for the Standard account. Additionally, you must request for and receive approval for margin rights on your account.

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