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With recent political tensions infusing volatility into the currency markets, many popular currency pairs have been experiencing exciting price runs.
Since Jan. 13, the dollar-to-pound (USD/GBP) pair, for example, has risen from a low of 0.72736 to a high of 0.76394, nearly a 6% increase in two months. During the same time period, the euro-to-dollar (EUR/USD) pair dropped from a high of 1.14816 to a low of 1.08059, a 6% move in the opposite direction.
With growth stocks like Airbnb Inc. (NASDAQ: ABNB) and Upstart Holdings Inc. (NASDAQ: UPST) still recovering from their dramatic drawdowns, the foreign exchange (forex) market looks more appealing than ever to many.
As any wise trader will tell you, however, trading and risk go hand-in-hand, and entering new markets blindly can lead to failure. Forex markets have a long list of benefits, including greater accessibility, leveraging opportunities and tax advantages, but they also come with a wide range of risks.
For FOREX.com, the #1 Forex broker in the U.S.*, it’s a responsibility to ensure all traders fully understand the risks before trading these emerging markets.
*Based on client …
