• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On October 10, the General Staff of the Armed Forces of Ukraine announced that Ukrainian troops had again attacked the Samara linear production dispatch station in Russias Samara region. The extent of the damage is still being assessed. The Ukrainian side stated that the station is a major hub for receiving, storing, and blending crude oil for Russia, playing a crucial role in ensuring the needs of the Russian military. Furthermore, the Ukrainian military confirmed that four storage tanks were destroyed and a large fire broke out during the attack on the station on October 7. Ukraine stated that such attacks are aimed at weakening Russias military and economic potential.Russia appoints governor: Four civilians have been killed in the Russian-controlled Luhansk region of Ukraine in the past 24 hours.On October 10, Irans Fars News Agency released a video showing Iran using a Shahed drone to strike US targets. This is reportedly the first time Iran has publicly released footage of using this weapon in an attack. The newly released video also shows Iranian Pavi cruise missiles being launched from bases along the Strait of Hormuz, striking US targets in the region.Ukraines Ministry of Energy: Power outages occurred in Kyiv and surrounding areas following Russian attacks.On October 10th, at a recent political seminar in Israel, former Israel Defense Forces Deputy Chief of Staff Yair Golan stated that Israels killing of former Iranian Supreme Leader Ayatollah Khamenei "was a mistake and not in Israels interest." Golan said that there was originally a strategic balance when dealing with a senior, aging, and hardline leader, but after eliminating a large number of key figures, Israel has instead inherited a more extreme and violent camp. He believes that from a long-term strategic perspective, Israels situation has deteriorated, and the Netanyahu governments attempt to overthrow the Iranian regime has failed. The US and Israel launched a military operation against Iran on February 28th, resulting in the deaths of Khamenei and several senior Iranian political and military officials. In response, Iran attacked targets within Israel and several US military bases in the Middle East.

What is forex trading?and what are the benefits of forex trading?

LEO

Oct 25, 2021 13:27

What is forex trading?

Forex is one of the most widely traded markets in the world, with a total daily average turnover reported to exceed $5 trillion a day. The forex market is not based in a central location or exchange, and is open 24 hours a day from Sunday night through to Friday night. A wide range of currencies are constantly being exchanged as individuals, companies and organisations conduct global business and attempt to take advantage of rate fluctuations.

Forex is always traded in pairs – for example AUD/USD. You speculate on whether the price of one country's currency will rise or fall against the currency of another country, and take a position accordingly. Looking at the AUD/USD currency pair, the first currency (AUD) is called the 'base currency' and the second currency (USD) is known as the 'counter currency'. 

What are the benefits?

Some of the main benefits of forex trading that make this asset class a popular choice among traders are:

-The ability to trade on margin (using leverage)
-High levels of liquidity mean spreads stay tight which keeps trading costs low
-Prices react quickly to breaking news and economic announcements (this can be a disadvantage too)
-Trade 24 hours a day from Sunday to Friday
-The ability to go long and short
- Wide range of markets 

How do I trade forex?

  1. Decide how you’d like to trade forex

  2. Learn how the forex market works

  3. Choose your forex trading platform

  4. Open a forex trading account

  5. Deposit 

  6. Open, monitor and close your first position


Suggestion