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The preliminary readings of the S&P Global Manufacturing and Services PMI for April in the United States will be released in ten minutes.Chart: Performance of major currency pairs on Thursday, April 23, 2026On April 23, Iranian sources reported that, amid diplomatic setbacks and a lack of trust in negotiations, Iran has developed a target list to counter potential military actions by the US and its allies, based on the principles of "reciprocal response" and "offensive deterrence." The list reportedly includes multiple response plans for different scenarios. For example, if Iranian power plants are attacked, missiles and drones will be used to strike power plants in Israel and other US allies in the region; if Iranian oil and gas facilities are attacked, retaliatory strikes will be launched against key oil and gas facilities in Israel and US allies, aiming to reduce global daily oil production by 25 million barrels within a year; and if Iranian military and political leaders are assassinated, information technology and artificial intelligence centers in the relevant countries will be targeted. If Irans territorial sovereignty is violated (such as by occupying islands or ports), it will launch a large-scale joint attack with ballistic missiles, cruise missiles, and drones against the aircraft carriers and attack helicopters of the relevant countries. If the naval blockade against Iran continues or escalates, it will block the Bab el-Mandeb Strait and, if necessary, completely block the Strait of Hormuz by laying large-scale mines, cutting off all oil export pipelines. If the US military launches a ground invasion against Iran using bases in the region, Iran will coordinate a ground war with resistance forces and local armed forces in the countries where the bases are located, and rely on local civilians to capture US soldiers. In addition, Iran may launch surprise attacks on US interests outside the region.UK National Electricity System operator: For the first time, solar power generation in the UK has exceeded 15 gigawatts.US President Trump: Iran is facing great difficulty in determining its leader. They are simply unable to reach a consensus, and an internal struggle is unfolding between "hardliners" and "moderates."

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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