There has been a surge in the pace of wage growth but a rise in the jobless rate following a big drop in the number of payrolled employees, according to the latest official figures.
Dover Wealth Management Services
FX trading involves speculating on currency strength changes over time, trading one currency against another. Forex traders aim to profit from exchange rate fluctuations between currencies, predicting if one currency's value, like the pound sterling, will rise or fall against another, such as the US dollar.
With over $5 trillion worth of currencies traded daily, the forex market is the world's most traded, offering high liquidity and dynamic trading opportunities. Prices can change rapidly in response to news and events, creating opportunities for retail FX traders.
Forex is quoted in pairs, such as GBP/USD, where traders aim to profit from exchange rate fluctuations. The first currency, known as the base, is speculated to rise or fall against the second currency, known as the quote.
Traders can take long (buy) or short (sell) positions on currencies, profiting from either appreciating (strengthening) or depreciating (weakening) values. This market's size and liquidity make it attractive to traders from various asset classes.
Dover Exchange Trading Fund is independent of traditional asset classes like equities or bonds, offering performance and strategy benefits. It aims to generate high returns and diversify investments for optimal risk and return. The Platinum Trading Account shows historical performance.
Risk management in FX trading involves methods to control risk exposure, such as stop-loss orders to protect against losses. Acknowledging wrong decisions is crucial for successful trading. Macroeconomic events like the Credit Crunch and Brexit can impact returns.
To apply for FX trading or learn more, contact Dover Wealth Financial Services directly.
