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On January 28th, the Guangzhou Municipal Government Information Office held a press conference this morning for the "Guangzhou Goods Go Global" Spring Campaign (the 6th press conference of 2026). At the conference, Wu Bingxiang, Deputy Director of the Guangzhou Municipal Bureau of Commerce, stated that the city will distribute 50 million yuan in government-issued catering vouchers in multiple rounds around the Spring Festival, and leverage financial institutions such as Guangdong UnionPay and platforms like Meituan and Douyin to launch more commercial coupons, providing local residents and tourists visiting Guangzhou for the Spring Festival with tangible food discounts. Wu Bingxiang added that this year, the city will continue to leverage both online and offline channels to build a nationwide distribution network for Guangzhou goods that is fully covered and seamlessly integrated: "This year, taking the 2026 National Online New Years Goods Festival Guangzhou Special as a starting point, we will mobilize e-commerce platforms such as Vipshop, JD.com, and Taotian to precisely connect with brand merchants to meet holiday demand. Through enriching the supply categories, increasing discounts, and innovating the consumer experience, we will continuously boost the online consumption atmosphere, allowing people across the country to purchase high-quality Guangzhou goods without leaving home."Kazakhstans Energy Minister: Due to the decline in oil production, Kazakhstan is likely to meet OPEC+ production quota requirements.JERA CEO: India has huge potential to import liquefied natural gas over the next decade.On January 28th, at a press conference held this morning during the Fifth Session of the 14th Guangdong Provincial Peoples Congress, Sun Zhiyang stated that the province will strengthen financial support. It has already established and is operating industry funds such as the Artificial Intelligence Industry Investment Fund and the Aerospace Industry Investment Fund, amplifying the effectiveness of industrial investment, venture capital, and angel investment funds to form an investment fund matrix covering the entire lifecycle, the entire industrial system, and multiple levels of linkage. Regarding digital and intelligent integration, the province will leverage the advantages of the wide coverage of 5G base station networks and 5G-A integrated sensing base stations to create a low-altitude intelligent network integrating communication, navigation, surveillance, and computing power. This will promote the interconnection of aerospace data with traditional manufacturing production data and urban governance data, striving to drive technological transformation and digital transformation in more than 1,000 industrial enterprises by 2026.On January 28th, at a press conference held this morning during the Fifth Session of the 14th Guangdong Provincial Peoples Congress, Sun Zhiyang introduced that in the field of low-altitude economy, Guangzhou will plan to build a comprehensive major scenario with a fully unmanned system, promote the iterative upgrading and normalized commercial operation of application scenarios such as air traffic, low-altitude logistics, cultural tourism experience, and emergency rescue; and focus on the implementation of the eVTOL business model to create clusters such as flight camps, set up vertical take-off and landing points in iconic areas such as Guangzhou Tower and Baiyun Mountain, and launch the "See Guangzhou from the Air" product, so that the low-altitude economy can serve the lives of citizens and the economic and social development.

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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