EUR/USD 1.15419
-0.002%
Gold 4370.82
-0.442%
Oil 82.433
1.219%
USD/JPY 159.262
-0.024%
GBP/USD 1.35052
-0.010%
GBP/JPY 215.091
-0.031%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On August 12th, Jennifer Bailey, Apples longtime head of payments and wallet services, announced her retirement and will leave the company in October. This departure further exacerbates the trend of management turnover at Apple. Apple is facing the challenge of a number of senior executives reaching retirement age, including Kate Adams and Lisa Jackson, who have recently left the company. Meanwhile, Apple is about to undergo a larger leadership change, with CEO Tim Cook stepping down on September 1st and being succeeded by hardware head John Tenus.On August 12th, the Bank of France stated that the French economy is expected to maintain its growth momentum this quarter. Surveys indicate that third-quarter GDP will grow by 0.2%, unchanged from the previous quarter and slightly higher than the market expectation of 0.1%. The Bank of France stated that economic activity will continue to be driven by the service sector, including transportation, information, and communications. Meanwhile, manufacturing also rebounded in August. Looking ahead, the energy sector is expected to continue expanding, but the construction sector may decline further due to fewer public project contracts. The Bank of France warned that the economic outlook still faces "significant uncertainty," with risks stemming from the Middle East geopolitical situation and extreme weather. A survey of 8,500 companies by the Bank of France showed that the increase in raw material costs and sales prices slowed in July, suggesting that the transmission of spring input cost increases to end-user prices may be nearing completion. The Bank of Frances assessment indicates that the French economy presents complex signals ahead of the presidential election: the economy rebounded in the second quarter, but the unemployment rate rose to a near six-year high, and the government still faces significant budget deficit pressure.A spokesperson for the Houthi rebels in Yemen stated that the Houthi armed forces will continue their operations to combat any Saudi troops attempting to escalate the situation and gain control of Yemen through Saudi military strongholds.On August 12, local time, the U.S. Central Command stated that on August 11, local time, U.S. forces fired on the Panamanian-flagged cargo ship "VelaNova" in the Gulf of Oman. Central Command stated that the ship was en route to an Iranian port, attempting to break through the U.S. blockade against Iran. Central Command stated that after the crew of the "VelaNova" repeatedly ignored U.S. warnings, a U.S. Navy MH-60 helicopter fired two Hellfire missiles at the ships engine room. The ship is currently unable to maneuver and has stopped its journey to Iran. Central Command also stated that as of August 11, the U.S. military had forced 55 merchant ships attempting to break through the blockade to change course, rendered three uncooperative vessels immobile, and boarded and inspected two other ships. The U.S. stated that the blockade against Iran remains in full force.U.S. Treasury Secretary Bessenter: We welcome the release of Muse Glimmer by Meta, another victory for American innovation. Maintaining U.S. leadership in artificial intelligence means advancing both open and closed weight models to ensure the future is built on a trustworthy foundation.

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