Australias ASIC is backpedalling on some of its demands
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Australian brokers are resisting against the ASIC
Beware of slow trading on Friday (19 April) and Monday (22 April)
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EUR/USD: a market reversal risk emerges on the eurodollar (Commerzbank)
EUR/USD: can the euro rebound continue? (Commerzbank)
USD: Is this the start of a new uptrend for the dollar? (Westpac)
EUR/USD: the euro remains under bearish pressure on the forex (UOB)
The foreign exchange market, also known as the forex market, allows traders to profit from currency movements in real time. The foreign exchange is an interbank market that is open 24h/day, 5 days a week.
The forex market is very liquid; nearly $5.5 trillion dollars are traded every day between various traders and financial institutions. The most traded currency pair is the euro/dollar (EUR/USD), which represents 28% of all trades.
Online forex trading has been available to individual traders since the 1990s. The number of online brokers has risen sharply in recent years and choosing a broker has therefore become increasingly complicated. However, strong competition between brokers and dealers has significantly improved trading conditions as well as the services that are available to traders.
Currently, it is possible to invest, with just one click, in all of the financial markets with a single trading platform. Spot forex and contracts for differences (CFDs) allow you to invest in currencies, commodities, oil, precious metals, stocks and stock indexes. Thanks to the leverage which forex margin accounts provide, the initial capital required to open an account is not very high. Nevertheless, these types of accounts are not without risk, as leverage increases potential profits, but losses as well.
Read ourbeginners guide to forex tradingto learn the basics of forex trading.
If you have any questions related to forex trading or this website, feel free to let us know byemailor on ourforex forum.