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On April 26, according to the Wall Street Journal, in order to simplify the negotiations on reciprocal tariffs, US negotiating officials plan to use a new framework developed by the Office of the United States Trade Representative (USTR), which lists major categories of negotiations, such as tariffs and quotas, non-tariff trade barriers, digital trade, product origin principles, economic security and other commercial issues. In these categories, US officials will put forward specific requirements for individual countries, but people familiar with the matter emphasized that this document may also be adjusted at any time. People familiar with the matter said that the United States initial plan is to negotiate with 18 major trading partners in turn over the next two months. The initial plan is to alternately participate in the talks with six countries per week for three weeks (six countries in the first week, another six countries in the second week, and another six countries in the third week) until the deadline of July 8. If US President Trump does not extend the 90-day suspension period he set by then, those countries that cannot reach an agreement will begin to face reciprocal tariffs.On April 26, after the United States announced additional tariffs on goods from many countries, Peruvian business people expressed concerns that the US governments extreme measures would disrupt the global trade order and may even trigger a global economic recession. Alvaro Barrenechea Chavez, vice president of the Peruvian-Chinese Chamber of Commerce, said that the negative impact of the US tariff policy has begun to emerge and hoped that the US government would rethink. Recognizing the importance of countries working together to promote development, I think this is the best way to become a true "world citizen."Market news: Musks xAI company plans to raise about US$20 billion in a financing round.Conflict situation: 1. Ukrainian top commander: Russia tried to use air strikes as a cover to increase ground attacks, but was repelled by Ukraine. 2. Ukrainian Air Force: Russia launched more than 103 drones in the night attack on Ukraine. 3. Local officials said Ukraine launched an attack in the Belgorod region of Russia, killing two people. 4. The local governor said that Russia launched an attack on the Dnipropetrovsk region of Ukraine, killing one person and injuring eight people. Peace talks: 1. Trump: ① The situation between Russia and Ukraine is gradually becoming clear, and they are "very close" to reaching an agreement. ② Ukraine is unlikely to join NATO. ③ Ukraine has not yet signed the rare earth agreement and hopes that the agreement can be signed immediately. ④ It is foreseeable that the United States will conduct commercial cooperation with Ukraine and Russia after reaching an agreement. 2. Russian Foreign Minister: Russia is "ready to reach an agreement on Ukraine." 3. Russian Presidential Assistant Ushakov: Russia and the United States will continue to maintain active dialogue. 4. Russian Presidential Assistant: Putin discussed the possibility of resuming direct negotiations between Russia and Ukraine with the US envoy. 5. The differences between the United States, Europe and Ukraine are clear. The documents show that European countries and Ukraine have raised objections to some of the US proposals to end the Russia-Ukraine conflict. 6. Market news: As part of the peace agreement, the United States asked Russian President Putin to abandon the demilitarization requirement. Other situations: 1. President of Hungarys OTP Bank: We hope to return to all business areas in Russia after the (Russia-Ukraine) conflict ends. 2. Ukrainian President Zelensky: US ground forces are not necessary for Ukraine. 3. Trump said Crimea will remain in Russia, Zelensky: Never recognize it. Agreeing with Trumps view, Crimea cannot be recovered by force. 4. NATO Secretary-General Rutte met with Trump and senior US officials to discuss defense spending, NATO summit, and the Ukrainian conflict.Rising global trade risks, overall policy uncertainty and the sustainability of U.S. debt top the list of potential risks to the U.S. financial system, according to the Federal Reserves latest financial stability report released on Friday. This is the first time the Fed has conducted a semi-annual survey on financial risks since Trump returned to the White House. 73% of respondents said that global trade risks are their biggest concern, more than double the proportion reported in November. Half of the respondents believe that overall policy uncertainty is the most worrying issue, an increase from the same period last year. The survey also found that issues related to recent market turmoil have received more attention, with 27% of respondents worried about the functioning of the U.S. Treasury market, up from 17% last fall. Foreign withdrawals from U.S. assets and the value of the dollar have also risen on the list of concerns.

The very best beginners' guide to buying and selling forex

Cyril Sarratt

Dec 02, 2021 15:22

Forex is among the most actively traded markets worldwide-- with an everyday average trading volume of more than $6 trillion. Find out how and when to buy and sell forex online with our beginners' guide.

What is buying and selling in forex?

Buying and selling in forex is hypothesizing on the upward and downward rate motions of a currency set, with the hopes of earning a profit. All forex trading involves buying one currency and selling another, which is why it is estimated in sets You would purchase the pair if you expected the base currency to enhance against the quote currency, and you would offer if you expected it to do the opposite.

 

The cost of a forex pair is how much one unit of the base currency deserves in the quote currency. If the cost of EUR/USD is 1.35361, it means that it costs $1.35361 to buy EUR1.


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Can I sell forex without buying?

Yes, you can offer forex without buying-- this is called short-selling, or going short. Short-selling a currency means that you believe its cost will fall, so you 'offer'. The more the rate falls, the more revenue you'll make.

 

For example, assume GBP/USD is trading at 1.3200, with a buy price of 1.3201 and a sell cost of 1.3199. You believe that USD will strengthen against GBP-- indicating fewer United States dollars are needed to purchase a single pound-- which'll trigger the price of the GBP/USD pair to fall. So you short the pair at 1.3199. If USD reinforces against GBP the quote price of GBP/USD will fall and you'll make a profit.

How to buy and sell currency pairs

Follow these steps to buy and sell currency sets:

  • Choose how you 'd like to trade forex: there are two main methods to get involved: spot forex or trading forex by means of a broker

  • Find out how the forex market works: forex is bought and sold over-the-counter (OTC) by means of a network of banks and market makers

  • Open a trading account: you can open a forex trading account with us in minutes, and there's no commitment to add funds up until you want to put a trade

  • Construct a trading plan: a trading strategy assists take the feeling out of your decision making and offers some structure for when you open and close your positions

  • Select your forex trading platform: each of our forex trading platforms, including MetaTrader 4 (MT4), can be personalized to fit your trading design and preferences, with customized informs, interactive charts and risk management tools

  • Open your first position: choose whether you're going to buy or offer, go into the size of your position and take steps to manage your threat

 

Bear in mind that there are various elements that affect the cost of a currency pair. You ought to constantly perform technical analysis and basic analysis prior to you choose to trade. Consider political and financial occasions, and research study essential price levels to form a basis for your forex positions.

When to buy and sell forex

Understanding when to buy and sell forex depends upon many aspects, such as market opening times and your FX trading technique. Lots of traders concur that the very best time to buy and sell currency is typically when the market is most active-- when liquidity and volatility are high.

 

FX is a 24-hour market, assisted in by the 4 global trading centers, consisting of the United States, Europe, Asia and Oceania. The United States forex market is busiest just after the open of the New York session at 8am (EST). The New York session has the biggest overlap with the London session (opens at 3am EST), so the GBP/USD cross can be extremely liquid

 

Aside from market open and close times, you might likewise decide on the best time to buy and sell forex according to your individual trading technique. Three popular FX trading techniques that can be efficient ways of figuring out when to buy and sell currency in forex trading consist of:

Trend trading

Pattern trading is a technique that includes utilizing technical indications, such as moving averages (MAs) or the relative strength index (RSI), to determine the direction of market momentum. In basic terms, it can assist to establish whether a forex set is in an uptrend (bullish), a drop (bearish) or a sideways trend. While it can cover any timeframe, it is generally utilized as a mid- to long-lasting trading strategy.


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Pattern turnaround trading

In forex trading, a pattern reversal is a turn-around in the price movement of a currency set. This can be when a bullish trend turns bearish, or vice versa. You can use technical indications such as the stochastic oscillator to establish if an FX pair is in overbought or oversold area, which may indicate that a reversal impends.


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Range trading

Range trading is based upon the principal that a market moves regularly between two price levels for a conclusive time period, without making upward or downward progress. If you're a range trader, you can go both long and brief, depending on how the current market value is moving within the variety. This is unlike trend trading, where you would choose the total direction of the trend-- buying in a rising trend and selling in a falling one.

 

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Keep in mind that some traders choose high volatility, while others do not. No matter your trading style and when you choose to trade forex, it's essential to follow your trading strategy and have a danger management strategy in place.

Handling your risk when buying and selling forex 

Forex danger management implies applying a set of rules and measures to guarantee any negative impact of a forex trade is workable. If you have an effective threat management strategy, you will have greater control over your FX trade revenues and losses.

 

Follow these steps to effectively manage your risk when trading forex:

  • Learn whatever you can about the forex market

  • Get a grasp of leverage

  • Construct a personalized trading plan

  • Set a risk-reward ratio

  • Usage stops and limits to alleviate your dangers

  • Handle your emotions

  • Watch on news and current occasions

  • Start with a demo account to construct self-confidence.

Buying and selling forex summed up 

  • Trading in forex indicates hypothesizing on the upward and downward price movements of a currency set.

  • All forex trading involves buying one currency and selling another.

  • You would buy the pair if you anticipated the base currency to strengthen against the quote currency, and you would sell (brief) if you anticipated it to do the opposite.

  • The price of a forex pair is just how much one system of the base currency is worth in the quote currency.

  • The very best time to buy and sell currency is usually when the marketplace is most active-- when liquidity and volatility are high.

  • Three popular FX trading techniques that can be efficient methods of identifying when to buy and sell currency in forex trading include pattern trading, pattern turnaround trading and variety trading.

  • You must have a reliable threat management method in place when trading forex so that you can have greater control over your revenues and losses.