• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Leveraging on the currency market

2 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News, Markets
2 min read
0 0
0
74
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Leveraging on the currency market

Currency trading continues to be the world’s most important financial market. The market is crowded with traders and investors and is quite liquid.

Because of the market’s extreme volatility, traders can profit by timing their purchases or sales of currencies. Retail investors who are thinking about getting into this industry need to be well-versed in both its general characteristics and its peculiarities.

The high level of liquidity makes it simple for currency traders, banks and institutions to buy or sell currencies without significantly shifting the market or suffering financial losses from slippage.

Foreign currency trading includes a high degree of risk and isn’t appropriate for every investor, just like many other types of investments.

You can end up losing all you invested as well as more money. As a result, you must be aware of the hazards connected to this product.

Forex deals are extremely risky even if they can only be made in percentages of a single point. Since it takes a lot of money to make a sizable profit in forex, a lot of traders use a lot of leverage.

RelatedPosts

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

Although it is hoped that their leverage will generate profits, leveraged bets typically result in tenfold higher losses.

Building a strong education is crucial for many FX traders because it will benefit them in the long run.

Gaining proficiency in low-risk trading methods and sound fundamental and technical analysis can help you build your confidence, develop new abilities, and strategically plan your transactions.

You will eventually hone your abilities, recognize them, and accomplish your trading objectives if you have patience and make thoughtful plans.

A lot of Forex brokers will supply you with the means and instruments to advance your trading career. Before diving in headfirst, though, make sure you use minimal leverage and avoid taking unnecessary risks with your money and account. The more work you put in before a trade, both in terms of technical and fundamental analysis, the higher your chances of success.

Experts minimize their losses by making significant gains when their currency call turns out to be accurate. Most retail traders, on the other hand, go the opposite way; they make little profits on several positions but lose a lot of money by hanging onto a bad trade for too long. You can lose more money because of this than you originally invested.

Global Tier 1 banks have extensive trading operations that are linked to the currency market and possess information that retail traders do not have access to, such as commercial forex flows and clandestine government action.

With forex, one might potentially earn a significant sum of money, but doing so will require a significant amount of research, persistence, and acceptance of the possibility of losing money.

The trading instruments utilized in forex trading are very volatile. Global market dynamics and common economic factors influence profitability.

Have a thorough understanding of the market, your motivations for investing, and your objectives before entering any financial market.

The best course of action is to trade FX, as it is the biggest traded financial market with a daily average trade of more than $7.5 trillion.

It would be wise to take some precautions if you decide to give forex trading a try: pick a reliable forex brokerage, keep your stop-losses tight, and limit your leverage. Even so, there’s still a good chance that these steps will help you somewhat level the playing field.

Tags: currency marketLeveraging on the currency market
No Result
View All Result

Highlights

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

Banking Sector Soundness Remains Robust in 2024 Amid Strong Profitability, Adequate Capital Buffers

Sha’Carri Richardson Withdraws from US Trials Following Arrest

From Singuluma to El Kaabi: Can CHAN 2024 Unleash the Next Hat-trick Hero?

Ghana to Welcome King’s Baton Relay on August 8 Ahead of 2026 Commonwealth Games

Trending

Features

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

August 2, 2025

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes Parliament has adjourned...

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

August 2, 2025

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

August 2, 2025

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

August 2, 2025
Bank of Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

August 2, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.