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On September 19th, the Shaanxi Provincial Bureau of Statistics released its report on the provinces economic performance in the first eight months of the year: industrial production steadily rebounded, consumer demand continued to be released, and the economy showed a steady and positive development trend. According to relevant personnel from the Provincial Bureau of Statistics, in the first eight months, the added value of industries above designated size increased by 4.6% year-on-year, an acceleration of 0.5 percentage points compared to the first seven months. Industrial production steadily rebounded, and product output grew steadily. Looking at the three major sectors, the added value of mining increased by 7.7% year-on-year, manufacturing by 1.5%, and the added value of electricity, heat, gas and water production and supply by 2.5%. Key industries performed well, with the added value of coal mining and washing increasing by 9.0% year-on-year and the added value of oil and gas extraction increasing by 9.7%. Product output grew steadily, with raw coal output increasing by 3.8% year-on-year and natural gas output increasing by 7.3%.September 19th - According to Shenzhen Railway authorities, the railway transportation period for this years Mid-Autumn Festival and National Day holidays will run from September 23rd to October 8th, lasting 16 days. Shenzhen Railway expects to transport 5.7312 million passengers, averaging 358,200 passengers per day, an increase of 21,500 passengers per day compared to last year, representing a 6.39% increase and setting a new record for the same period. Among them, Shenzhen North Station is expected to transport 3.856 million passengers, averaging 241,000 passengers per day, an increase of 10,400 passengers per day compared to last year, representing a 4.3% increase.On September 19th, French President Emmanuel Macron stated on September 18th that France will push the EU to take action to address energy issues. He also believes that the US and Iran are unlikely to reach an agreement on the Strait of Hormuz in the short term. Macron stated that the sharp rise in fuel prices in recent weeks has created difficult circumstances for French citizens and families. Fuel prices at French gas stations have reached historic highs, causing considerable hardship and exacerbating purchasing power issues. Natural gas prices and the overall energy situation are also worrying, and these circumstances are entirely due to the war and the international situation. Macron said that France hopes to take action at the EU level and will communicate with the President of the European Commission on this matter.September 19 - Local time early on the 19th, Riyadh, the capital of Saudi Arabia, was attacked by airstrikes, and the sound of missile interception could be heard in the sky.Saudi civil defense officials said the danger in the Khairji area has been averted.

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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