USD/INR trading at 69.70 against its opening at 69.62.
Asian shares steady after Easter weekend; oil hits 2019 highs.
Oil near 2019 highs after U.S. ends all Iran sanction exemptions.
Sensex opens 104 points higher with 17 components in the green
Saudi can raise oil output but will assess impact of Iran waivers ending.
U.S. to end all waivers on imports of Iranian oil, crude price jumps.
Russia, OPEC may ditch oil deal to fight for market share: Russian minister.
Weak first quarter seen for U.S. refiners, but brighter summer expected.
Japan's Aso to travel to U.S. on April 25 for meeting with Mnuchin: source.
EU gives May till 31st October for Brexit, seeking clarity.
Dollar broadly higher in thin post-holiday trade; euro, Aussie dip.
India to get extra oil from major producers to make up for Iran oil loss: minister.
Japan expects limited impact from U.S. move to scrap Iran oil sanctions waivers.
Gold steadies as strong equities counter support from U.S.-Iran jitters.
Saudi Arabia threatens to ditch dollar oil trades to stop 'NOPEC' - sources.
Japan seen hiking sales tax to 10 percent in October, fourth-quarter GDP to contract.
MCX crude oil price rises 0.2 percent to 4,605 rupees per barrel from its last close of 4,593 rupees.
Proper foreign exchange risk management and hedging currency risk is essential when trading forex. Highly leveraged forex trading can lead to exponentially large gains or exponentially large losses. We want our clients to be successful and we have taken the time to make as much forex information available online as possible including foreign exchange risk management. Proper currency risk management starts with a general understanding of the :
The speed, volatility, and enormous size of the Forex market are unlike anything else in the financial world.
The Forex market behaves differently from other markets. Any currency can become very expensive or very cheap in relation to any or all other currencies in a matter of days, hours, or sometimes, in minutes.
The unpredictable nature of currencies is what attracts an investor to trade and invest in this market.
Beware: the Forex market cannot be controlled - no single event, individual, or factor rules it. However, just like any other speculative business, increased risk entails chances for a higher profits as well as higher losses.
When you terminated, closed or exited your position, had you understood the risks and taken steps to avoid them?
Truly ask yourself: "How much am I ready to lose?"
The following may come up in your day-to-day foreign exchange transactions.
Traders must have a working knowledge of currency risk management tools available to each and every MBCFX client. First, learn how to properly manage forex market risk utilizing different order types such as stop and limit orders to protect yourself against adverse foreign exchange price moves. Learning to use the orders in combination can improve your foreign exchange trading technique by allowing you to realize maximum profit potential while, at the same time, limiting your potential losses. Our order types page also includes examples of how and when to properly utilize numerous types of stop and limit orders, including OCO orders, that are an integral part of forex risk management.
The online forex trading platforms offered through MBCFX allow you the flexibility to enter a wide variety of order types including orders that will help you manage currency risk:
- Limit Orders
It is an order to buy or sell a currency pair, which is executed when the price is breached. For example, you place an order to buy 100,000 euro at 1.4520. The platform will automatically fill your order when the offer reaches 1.4520. Limit orders can be placed to both buy and sell.
- Stop Orders
A stop order is a type of limit order that is placed to "lock in" a specified gain or loss, closing the position. Typically a risk management order used by clients to help manage their market exposure, this type of order can also be used to enter into a new position. Stop orders can be used to both buy and sell foreign currency contracts.
Once you are ready for forex trading, feel free to open a free demo account and try our online forex trading platform before opening a live forex trading account - you will be supplied with virtual money to test your foreign currency trading strategies risk-free.
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