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On February 3rd, Apurva Sheth, Head of Market Views and Research at Samco Securities in India, stated that the market should not have miraculous expectations for a US-India trade agreement. In a report, she pointed out that the US reduction of tariffs on Indian goods to 18% is likely to significantly boost previously subdued market sentiment, as this will allow Indian products to become more competitive in the US domestic market. However, she added that exports to the US account for only a small portion of Indias $4 trillion GDP, and the related boost is expected to be short-lived. Although the Indian benchmark Sensex index rose sharply at the open following this news, Sheth believes that the stock market needs "new long positions to be established" to maintain this upward momentum.Moodys: Indias full shift to non-Russian oil could also lead to supply shortages in other regions, pushing up oil prices and ultimately causing higher inflation.Moodys: U.S. tariff cuts on most Indian goods will revive Indian exports to the U.S.February 3 - It was learned on February 2 local time that the U.S. House Rules Committee passed a government spending bill that evening with 8 votes in favor and 4 against, paving the way for ending the partial government shutdown and proceeding to a full House vote. The bill, which had previously passed the Senate, includes five annual appropriations bills and a two-week temporary funding arrangement for the Department of Homeland Security (DHS) to allow Congress to continue negotiating on immigration enforcement-related disagreements.February 3rd, Futures Market News: Zhengzhou rapeseed meal futures opened flat and then fluctuated downwards. Canadian canola futures closed lower, with the benchmark contract down 0.46%, mainly dragged down by declines in international crude oil futures and Chicago soybean oil. Rapeseed meal spot prices followed suit, with Guangxi oil mills beginning to crush Australian canola. The market anticipates a gradual easing of the tight rapeseed meal supply situation, coupled with the end of pre-Chinese New Year stockpiling, suggesting downward pressure on rapeseed meal prices.

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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