EUR/USD 1.16832
-0.315%
Gold 4562.32
-2.550%
Oil 98.981
4.277%
USD/JPY 159.756
0.213%
GBP/USD 1.34681
-0.480%
GBP/JPY 215.167
-0.265%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On April 28, it was learned from Iranian sources that a liquefied natural gas (LNG) carrier had passed through the Strait of Hormuz. This marks the first time an LNG carrier has transited the Strait since the start of the conflict between the US, Israel, and Iran. The ships background is currently unclear, and its country of origin and final destination have not yet been released.On April 28th, sources revealed that Saudi Aramcos main export facility in Al-Juama, damaged at the end of February, disrupted liquefied petroleum gas (LPG) supplies, leading the company to extend the suspension of LPG shipments into May. Aramcos LPG exports had been suspended since a supporting structure at the facility collapsed before the outbreak of the Middle East conflict in February, causing prices to rise and buyers scrambling for alternative supplies. Subsequently, the conflict virtually closed the Strait of Hormuz, a major export route, causing energy shortages in Asia. Some sources indicated that Aramco has informed some buyers that it has failed to carry out necessary repairs at the Al-Juama facility. This means that even if the Strait of Hormuz reopens, no shipments will be delivered next month. The company stated on February 26th that "planned shipments from Al-Juama in the coming weeks will be cancelled," but did not provide further details.The yield on German two-year government bonds rose 9 basis points to 2.66%, a three-week high.The yield on 30-year UK government bonds rose to its highest level since September 2025, reaching 5.708%, up 4.6 basis points on the day.Market news: Saudi Aramco has extended its suspension of liquefied petroleum gas (LPG) deliveries until the end of May.

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.


截屏2022-03-24 上午10.54.45.png

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.

Suggestion