Economy
Mastering the Markets: How to Trade Forex with Popular Currency Pairs
Forex trading, also known as foreign exchange trading or currency trading, is the act of buying and selling currencies on the financial market. Understanding how to trade forex requires an appreciation of the various components that make up this vast market – particularly the currency pairs that are most commonly traded.
The forex market is the largest financial market in the world, and it operates 24 hours a day, five days a week, facilitating currency trades that span from New York to Sydney, Tokyo to London. When considering how to trade forex, one of the first concepts to grasp is that of currency pairs. These pairs represent the valuation of one currency against another and are categorized into majors, minors, and exotics.
The most popular currency pairs – known as the ‘majors’ – comprise a significant portion of global forex trading. They are liquid, widely traded, and include currencies from the world’s most stable and robust economies. These pairs include:
- EUR/USD (Euro/US Dollar)
- USD/JPY (US Dollar/Japanese Yen)
- GBP/USD (British Pound/US Dollar)
- AUD/USD (Australian Dollar/US Dollar)
- USD/CAD (US Dollar/Canadian Dollar)
- USD/CHF (US Dollar/Swiss Franc)
- NZD/USD (New Zealand Dollar/US Dollar)
The allure of trading the majors lies in their predictability and the abundant market information available. They often have narrower spreads compared to other pairs, which means the cost of entry is lower for traders. Additionally, because the economies behind these currencies are generally more stable, the majors tend to exhibit less volatility, making them attractive to both novice and experienced traders.
When exploring how to trade forex, one should also consider the ‘cross currency pairs’ or ‘minors,’ which do not include the US dollar. Pairs like EUR/GBP (Euro/British Pound), AUD/JPY (Australian Dollar/Japanese Yen), and EUR/AUD (Euro/Australian Dollar) offer traders a range of opportunities but can carry more risk due to higher volatility and wider spreads.
Beyond the majors and minors are the ‘exotic’ pairs, which typically pair a major currency with a currency from an emerging economy or a smaller market, like USD/SGD (US Dollar/Singapore Dollar) or USD/NOK (US Dollar/Norwegian Krone). These pairs are less liquid and can be subject to larger spreads and more abrupt price movements.
For those learning how to trade forex, starting with the majors is advisable due to their liquidity and the wealth of economic data that influences their movements. Factors such as interest rates, political stability, and economic performance can impact currency values, so traders must stay informed about global economic events.
Technical and fundamental analysis are two strategies commonly used when trading forex. Technical analysis involves studying charts and patterns to make trading decisions, while fundamental analysis looks at economic indicators, news, and reports to predict price movements.
The forex market offers high leverage, which means traders can control a large position with a relatively small amount of capital. However, this also increases the potential for higher gains as well as higher losses, which is why risk management is a critical aspect of forex trading.
Forex trading platforms have made it easier than ever to engage with the market. With a computer or smartphone, traders can access the market from anywhere, using a variety of tools to analyze and execute trades. Most platforms offer demo accounts, allowing individuals to practice how to trade forex without risking real money.
For novices interested in how to trade forex, it’s important to begin with education. Many online courses, webinars, and books are available to help understand market analysis, risk management, and trading psychology. It is also wise to start trading on a demo account to build skills without financial risk.
In summary, trading forex involves buying and selling currency pairs, with the majors being the most popular due to their stability and liquidity. Success in forex trading comes from a combination of market knowledge, analysis, and prudent risk management. With dedication and the right education, traders can navigate the forex market and potentially benefit from the opportunities it offers.
The three awards were presented for the following submissions:
1. Best Use of Content – Gold Award
This campaign showcased CDC’s 25-year journey through a collaboration with neurodivergent artist Danial Khushairi. His artwork brought CDC’s transformation from pioneering Malaysia’s ePerolehan system to being a technological leader to life. By leveraging Danial’s art across branded merchandise, a microsite, and social media platforms, the campaign embodied CDC’s commitment to inclusivity and sustainability while capturing the essence of its growth and achievements.
2. Employee Communications- Gold Award
CDC breaks the stereotype of IT workers by instilling values that foster camaraderie, health, and a spur of adventure. Through their company values, CDC has nurtured an active workforce, engaging in events like ‘CDC Strides and an expedition to Kilimanjaro. Employees connected beyond the office, supporting communities, and living out values di collaboration and integrity. These efforts have not only strengthened CDC’s culture but also enhanced its brand visibility, making its 25th-anniversary celebration a milestone of unity, health, and appreciation for the outdoors.
3. Public Affairs – Gold Award
Aimed at addressing procurement challenges and promoting ethical practices, CDC’s Strong Ethics Nurture Integrity campaign featured the National Procurement Conference (NPC) 2024. Organized in collaboration with MICG and supported by MACC, the event brought together over 400 procurement professionals to discuss integrity and governance. Internally, CDC reinforced its message through sustained communication efforts, ensuring both staff and external stakeholders embraced the campaign’s core values.
These recognitions follow CDC’s long-standing commitment to championing ethical practices, aligning with its vision of fostering transparency and accountability across the procurement landscape.
“Our success at MPRA 2024 reflects the incredible dedication and creativity of our CCM team,” said Hafidz Bin Ahmad Zehnun, Vice President of Corporate Planning & CCM. “To win three golds in one night is an extraordinary achievement and reflects CDC’s commitment to excellence and integrity at every level. This recognition inspires us to continue raising the bar as we lead with purpose and innovation.”
As CDC celebrates its 25th anniversary, these accolades reaffirm the company’s enduring mission to lead with integrity and innovation, setting new benchmarks for excellence in corporate communications and public affairs.
Hashtag: #business #corporate #cdc #integrity #transparency #campaign #commercedotcom #cdc #publicaffairs #employeecommunications
https://www.commercedc.com.my
https://www.linkedin.com/company/commercedotcom/mycompany/
https://www.facebook.com/profile.php?id=61558998332392
https://www.instagram.com/commercedotcomm/
The issuer is solely responsible for the content of this announcement.
About Commerce Dot Com Sdn Bhd
Established in 1999 as a procurement solutions provider, Commerce Dot Com Sdn. Bhd. (CDC) is a government-linked company under the Ministry of Finance whereby the ministry’s corporate arm, Ministry of Finance (Incorporated), holds a golden share in the company. With over 20 years of experience under its belt, CDC has established itself as among the leading procurement solutions providers in Malaysia and has a well-earned reputation for providing exceptional services through its innovative solutions.
The three awards were presented for the following submissions:
1. Best Use of Content – Gold Award
This campaign showcased CDC’s 25-year journey through a collaboration with neurodivergent artist Danial Khushairi. His artwork brought CDC’s transformation from pioneering Malaysia’s ePerolehan system to being a technological leader to life. By leveraging Danial’s art across branded merchandise, a microsite, and social media platforms, the campaign embodied CDC’s commitment to inclusivity and sustainability while capturing the essence of its growth and achievements.
2. Employee Communications- Gold Award
CDC breaks the stereotype of IT workers by instilling values that foster camaraderie, health, and a spur of adventure. Through their company values, CDC has nurtured an active workforce, engaging in events like ‘CDC Strides and an expedition to Kilimanjaro. Employees connected beyond the office, supporting communities, and living out values di collaboration and integrity. These efforts have not only strengthened CDC’s culture but also enhanced its brand visibility, making its 25th-anniversary celebration a milestone of unity, health, and appreciation for the outdoors.
3. Public Affairs – Gold Award
Aimed at addressing procurement challenges and promoting ethical practices, CDC’s Strong Ethics Nurture Integrity campaign featured the National Procurement Conference (NPC) 2024. Organized in collaboration with MICG and supported by MACC, the event brought together over 400 procurement professionals to discuss integrity and governance. Internally, CDC reinforced its message through sustained communication efforts, ensuring both staff and external stakeholders embraced the campaign’s core values.
These recognitions follow CDC’s long-standing commitment to championing ethical practices, aligning with its vision of fostering transparency and accountability across the procurement landscape.
“Our success at MPRA 2024 reflects the incredible dedication and creativity of our CCM team,” said Hafidz Bin Ahmad Zehnun, Vice President of Corporate Planning & CCM. “To win three golds in one night is an extraordinary achievement and reflects CDC’s commitment to excellence and integrity at every level. This recognition inspires us to continue raising the bar as we lead with purpose and innovation.”
As CDC celebrates its 25th anniversary, these accolades reaffirm the company’s enduring mission to lead with integrity and innovation, setting new benchmarks for excellence in corporate communications and public affairs.
Hashtag: #business #corporate #cdc #integrity #transparency #campaign #commercedotcom #cdc #publicaffairs #employeecommunications
https://www.commercedc.com.my
https://www.linkedin.com/company/commercedotcom/mycompany/
https://www.facebook.com/profile.php?id=61558998332392
https://www.instagram.com/commercedotcomm/
The issuer is solely responsible for the content of this announcement.
About Commerce Dot Com Sdn Bhd
Established in 1999 as a procurement solutions provider, Commerce Dot Com Sdn. Bhd. (CDC) is a government-linked company under the Ministry of Finance whereby the ministry’s corporate arm, Ministry of Finance (Incorporated), holds a golden share in the company. With over 20 years of experience under its belt, CDC has established itself as among the leading procurement solutions providers in Malaysia and has a well-earned reputation for providing exceptional services through its innovative solutions.
In the Large Companies category (over 1,000 employees), Roshn secured the top position for its commitment to fostering an inclusive and engaging work culture. It was followed by the Royal Commission for AlUla, dedicated to preserving Saudi Arabia’s cultural heritage, and International Maritime Industries, a leader in the maritime sector. Other companies in the top 10 include Panda, Saudi Air Navigation Services, Extra, Jana MS, Bindawood, Gasco, and Saudia Technic.
In the Mid-Sized Companies category (101–1,000 employees), First Milling Company led the rankings, recognized for its role in Saudi Arabia’s food sector. Pfizer Saudi, a leading biopharmaceutical company, and Matarat Holding, focused on aviation and airport operations, took second and third places, respectively. Xerox Saudi and Al Rugaib Holding rounded out the top five, with additional companies like the Islamic Development Bank, Bidaya Finance, and Saudia Cargo included in the top 18.
For Small Companies (fewer than 100 employees), Alnahdi Family Office ranked first, followed by Saudi Downtown Company and Al Ramz. Falak Investment Hub, supporting entrepreneurs and startups, and AXS, a leader in IT consulting, completed the top five. Other recognized companies include Emkan Education, Madar, and Aseer Investment.
Special awards were given to organizations demonstrating excellence in areas like diversity, employee well-being, and HR practices. Resal was honored for its well-being initiatives, while Modern Building Leaders received recognition for exceptional HR practices.
This year’s survey revealed that 80% of employees at certified organizations feel pride in their work, inspired by leadership, and positive about their company’s community contributions. The study also highlighted that the new generation of Saudi talent values growth opportunities, equity, diversity, inclusion, and individuality.
For more information, visit: www.bestplacestoworkfor.org.
Hashtag: #BestPlacestoWork
The issuer is solely responsible for the content of this announcement.
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