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On June 4th, Shi Xiaolin, Deputy Secretary of the Sichuan Provincial Party Committee and Governor of Sichuan Province, met with Shi Dai, General Manager of China Merchants Group, and his delegation in Chengdu. Both sides discussed implementing the "15th Five-Year Plan" development requirements, seizing major opportunities such as the construction of the Chengdu-Chongqing economic circle, leveraging the advantages of China Merchants Group as an international, comprehensive central enterprise, and actively planning a new round of strategic cooperation in areas such as technological innovation, industrial upgrading, open hub development, and peoples livelihood. They exchanged views and discussed key areas of cooperation, including promoting the transformation of scientific and technological achievements, the integration of transportation, logistics, and digital networks, urban renewal and the construction of "good houses," and the development of science and technology services. They also discussed jointly addressing five key areas of financial development, enhancing the ability to serve the real economy, helping Sichuan enterprises to "go global," and achieving more practical cooperation results. The goal is to jointly serve national strategies and promote high-quality development in Sichuan.On June 4, Ministry of Commerce spokesperson He Yong, in response to a question about the USs proposed tariffs on economies accused of forced labor, stated at a regular press conference that Chinas position on the Section 301 investigation is consistent. China opposes all forms of unilateral restrictive measures, including a series of trade restrictions imposed on China under the pretext of "forced labor," and has repeatedly expressed its firm stance on this matter. We urge the US to work with China to jointly safeguard the stability of China-US economic and trade relations.On June 4, at a regular press conference held by the Ministry of Commerce, spokesperson He Yongqian, in response to a question regarding the U.S. Department of Commerces efforts to close so-called "regulatory loopholes" in the semiconductor industry, stated that in recent years, the U.S. has repeatedly abused export controls under the pretext of national security, severely damaging the legitimate rights and interests of Chinese enterprises, seriously disrupting international trade and economic order, and severely impacting the stability of the global semiconductor industry chain and supply chain. China has consistently opposed this. China urges the U.S. to correct its erroneous practices as soon as possible, cease discriminatory measures against China, and safeguard the stability of the global industry chain and supply chain.Futures News, June 4th: Shanghai Futures Exchange (SHFE) Energy and Chemical Warehouse Receipts and Changes on June 4th: 1. Pulp futures warehouse receipts: 232,741 tons, an increase of 5,623 tons compared to the previous trading day; 2. Pulp futures mill warehouse receipts: 20,000 tons, unchanged compared to the previous trading day; 3. Offset paper futures warehouse receipts: 957 tons, unchanged compared to the previous trading day; 4. Offset paper futures mill warehouse receipts: 6,520 tons, unchanged compared to the previous trading day; 5. Fuel oil futures warehouse receipts: 36,160 tons. 6. Petroleum asphalt futures warehouse receipts: 21,120 tons, unchanged from the previous trading day; 7. Petroleum asphalt futures factory warehouse receipts: 96,220 tons, unchanged from the previous trading day; 8. Medium-sulfur crude oil futures warehouse receipts: 3,511,000 barrels, unchanged from the previous trading day; 9. Low-sulfur fuel oil futures warehouse receipts: 0 tons, a decrease of 2,000 tons from the previous trading day; 10. Low-sulfur fuel oil futures factory warehouse receipts: 0 tons, unchanged from the previous trading day.Spains unadjusted industrial production rose 4.2% year-on-year in April, up from 2.10% in the previous month.

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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