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February 24th - According to Politico, U.S. House Speaker Mike Johnson said on Monday that Congress is unlikely to consider any legislation to codify President Trumps tariff agenda after the Supreme Court overturned the administrations sweeping tariff policy last week. Johnson stated, "I think reaching a consensus on the path forward at the legislative level on tariffs will be a challenge. So I think thats why the focus is all on the executive side, on the executive branch and what theyre doing and how theyre responding to the ruling."A senior U.S. Department of Justice official said the Department of Justice and the Federal Trade Commission will launch an investigation to consider developing new guidelines for cooperation between competitors.Fitch Ratings: Dont expect the February 20 tariff ruling to translate into a positive factor for US corporate ratings or drive an upgrade.Fitch Ratings: Despite the temporary easing of the situation, U.S. companies are once again facing the challenge of tariff uncertainty.On February 24th, U.S. House Speaker Boris Johnson stated regarding the $134 billion tariff refund issue that, following the Supreme Courts ruling, the White House will decide whether to refund the $134 billion in tariffs. He called this situation "unprecedented" and without precedent. He pointed out that the government has "ample reasons," and the House has not yet intervened in the matter. Democrats are currently pushing for legislation, with some suggesting issuing refund checks directly.

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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