Economic Calendar Event:U.S. ISM Non-Manufacturing Employment impacts to EUR/USD parity.Apr 03, 2020
Forex/FX trade the EUR/USD: Tips & Trading Strategies with Scalping
In this video you'll see Economic Calendar Event:U.S. ISM Non-Manufacturing Employment impacts to EUR/USD parity.
#######################################################################
Latest Release Apr 03, 2020
Actual 47.0
Previous 55.6
The Institute of Supply Management (ISM) Non-Manufacturing Purchasing Managers' Index (PMI) (also known as the ISM Services PMI) report on Business, a composite index is calculated as an indicator of the overall economic conditions for the non-manufacturing sector.
The Employment subcategory is a diffusion index calculated by adding the percent of responses indicating they added more for labour plus one-half of those responding that they kept the amount of labour at the same level as in the prior month. The resulting single index number is then seasonally adjusted.
Because services account for such a large proportion of the US economy, traders look at this indicator for clues about the direction non-farm payrolls will take.A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD.
#######################################################################
Forex is a portmanteau of foreign currency and exchange. Foreign exchange is the process of changing one currency into another currency for a variety of reasons, usually for commerce, trading, or tourism. According to a recent triennial report from the Bank for International Settlements (a global bank for national central banks), the average was more than $5.1 trillion in daily forex trading volume.
The foreign exchange (also known as FX or forex) market is a global marketplace for exchanging national currencies against one another.
Because of the worldwide reach of trade, commerce, and finance, forex markets tend to be the largest and most liquid asset markets in the world.
Currencies trade against each other as exchange rate pairs. For example, EUR/USD.
Forex markets exist as spot (cash) markets as well as derivatives markets offering forwards, futures, options, and currency swaps.
Market participants use forex to hedge against international currency and interest rate risk, to speculate on geopolitical events, and to diversify portfolios, among several other reasons.
Forex for Speculation:
Factors like interest rates, trade flows, tourism, economic strength, and geopolitical risk affect supply and demand for currencies, which creates daily volatility in the forex markets. An opportunity exists to profit from changes that may increase or reduce one currency's value compared to another. A forecast that one currency will weaken is essentially the same as assuming that the other currency in the pair will strengthen because currencies are traded as pairs.
Forex Trading Risks:
Trading currencies can be risky and complex. The interbank market has varying degrees of regulation, and forex instruments are not standardized. In some parts of the world, forex trading is almost completely unregulated.
Pros and Challenges of Trading Forex
Pro: The forex markets are the largest in terms of daily trading volume in the world and therefore offer the most liquidity.2 This makes it easy to enter and exit a position in any of the major currencies within a fraction of a second for a small spread in most market conditions.
Challenge: Banks, brokers, and dealers in the forex markets allow a high amount of leverage, which means that traders can control large positions with relatively little money of their own. Leverage in the range of 100:1 is a high ratio but not uncommon in forex. A trader must understand the use of leverage and the risks that leverage introduces in an account. Extreme amounts of leverage have led to many dealers becoming insolvent unexpectedly.
Pro: The forex market is traded 24 hours a day, five days a week—starting each day in Australia and ending in New York. The major centers are Sydney, Hong Kong, Singapore, Tokyo, Frankfurt, Paris, London, and New York.
Challenge: Trading currencies productively requires an understanding of economic fundamentals and indicators. A currency trader needs to have a big-picture understanding of the economies of the various countries and their inter-connectedness to grasp the fundamentals that drive currency values.
PS : You should consider whether you understand how FX/Forex/CFDs work and whether you can afford to take the high risk of losing your money.
PS : We do do not recommend to trade with any fx market.
fx-diary#2020
Смотрите видео Economic Calendar Event:U.S. ISM Non-Manufacturing Employment impacts to EUR/USD parity.Apr 03, 2020 онлайн без регистрации, длительностью часов минут секунд в хорошем качестве. Это видео добавил пользователь Useful IT Videos^Tutorials 03 Апрель 2020, не забудьте поделиться им ссылкой с друзьями и знакомыми, на нашем сайте его посмотрели 17 раз и оно понравилось 0 людям.