EUR/USD 1.15659
0.114%
Gold 4689.29
0.476%
Oil 98.755
1.314%
USD/JPY 158.624
-0.055%
GBP/USD 1.32372
0.083%
GBP/JPY 209.907
0.026%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
April 1st - The State Council Taiwan Affairs Office held a regular press conference on April 1st. A reporter asked about the remarks made by the US State Department spokesperson regarding Zheng Liwens visit to the mainland. Spokesperson Zhang Han stated that Taiwan is Chinas Taiwan, and the Taiwan issue is Chinas internal affair. We, the Chinese people on both sides of the Taiwan Strait, are one family, and cross-strait affairs should be discussed and handled jointly by compatriots on both sides. We have the full capability and wisdom to resolve our own affairs and safeguard and build our own homeland.According to Yonhap News Agency, U.S. lawmakers are optimistic about supporting South Koreas nuclear-powered submarine and nuclear propulsion programs.April 1st - Due to energy shortages triggered by the Middle East conflict, the Australian Parliament passed legislation authorizing the countrys Export Finance Agency to purchase, stockpile, and sell fuels and critical minerals, including rare earth elements. This move comes against the backdrop of record-high petrol and diesel prices at gas stations across Australia. Panic buying has driven up demand—particularly in rural areas—leading some gas stations to run out of fuel and prompting the government to implement measures such as halving fuel taxes and reducing tolls for heavy vehicles. The new law allows Export Finance Australia to replenish the countrys existing fuel reserves. While the agency primarily focuses on providing loans, bonds, and equity support for Australian businesses overseas operations, its mandate has now expanded to include purchasing diesel, petrol, and rare earth elements to strengthen supply chains, as it transforms into the governments trade arm.April 1st - Data released by the American Automobile Association (AAA) on March 31st showed that the average price of regular diesel in California, the most populous and largest state in the U.S., reached $7.45 per gallon, setting a new record high. Last week, the average price of diesel in California rose to a record high of $7.018 per gallon on the 24th. Previously, due to the impact of the Ukraine crisis, the average price of diesel in California reached a record high of $7.012 per gallon in June 2022. According to data from the California Energy Commission, diesel accounts for approximately 17% of total fuel sales in California, with annual sales of approximately 3.5 billion gallons, primarily used in heavy-duty trucks, public transportation, and the agricultural and construction industries.The Bank of Japans newly appointed policy board member, Toshiro Asada, will hold a press conference at 16:00 Beijing time.

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