Shares less than R1 and warrants are not displayed on this major moves page. Subscribers have the option of including them or not. Market Statistics are calculated by Sharenet and are day forex free sale trading not the official JSE Market Statistics.
Complete the form below to recieve your daily selected share information straight to your inbox every evening. You only have to complete the form once. Data Privacy: We do not divulge your details to any third party service or product providers. All our emails provide unsubscribe options at the bottom. Subscribe to get a summary of the day’s market data and news sent straight to your inbox. I am sure you already heard about currency trading which is more popularly called Foreign Exchange Trading or FOREX or FX for short. Basically Forex Trading is the trading of two currencies.
In the Philippines and for OFWs I guess the best well known currency we are handling is the US Dollar and the Philippine Peso. What do we do when the value of US Dollar against the Philippine Peso fluctuates? When the exchange rate goes up, meaning we need more Peso to buy the Dollar, we exchange or sell our dollar taking advantage of the additional number of Peso we can acquire for the same Dollar. Now on the other hand when exchange rate goes down, meaning we need fewer Peso to buy the Dollar, we buy the Dollar taking advantage of able to buy Dollar cheap. We are currently testing the service using a practice account and the review and opinions stated are based on the on going review of the service.
But here is a guide I found out in the internet. To profit in the FOREX Market we got to buy when the exchange rate is going up and we have to sell when the exchange rate is going down. Before I explain this further let us understand some stuff about FOREX trading. In the stock market we trade a single stock or in the case of an ETF a basket of stocks but in the FOREX market we trade a currency pair. Currency pair has three parts namely base currency, counter currency, and the exchange rate. This means that 1 USD is equivalent to 43.
Now going back to our analysis when the USD-PHP exchange rate goes up from 42 to 43 the action we will make is to exchange our dollars to peso thus we are actually buying Peso by selling our Dollars and in the process we profited 1 Peso per dollar. Now on the other hand when the exchange rate goes down from 43 to 42 we will exchange our peso thus actually buying dollar by selling Peso and saves us 1 peso per dollar which is technically a profit. Go to the internet and research about forex trading. Spot Forex, Gold, Oil, equity indices and other CFD instruments.