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PM takes punt on Songkran
PM takes punt on Songkran
THAILAND: The annual Songkran festival will be allowed to go ahead next month to stimulate tourism and the economy, but celebrations must comply with disease control measures, triggering some health concerns from a senior physician.
A Quick Introduction to Forex and Forex Brokers
Foreign exchange reading has always been popular, and with the advent of automated trading bots, it has become a much more widely accepted activity. This article will give you an overview of what forex trading is, how it happens, and the state of Liteforex in Thailand. What Is Forex? Forex is a combination of the words Foreign Exchange. It is the process of changing or converting one currency into another for the purposes of trade, finance, or tourism. For the purposes of this article, we will take Forex to refer to the process of trading. What Happens in a Forex Market? A foreign exchange market is simply where currencies are traded against each other. It is a very important and interesting process, and the world as we know it would come to a standstill. Why? Suppose you live in Thailand and want to buy a Japanese manga, an Indian spice, or a French wine. You need to pay for the goods in either Yen, Rupees, or Euros for any of those transactions. If you have that particular currency, well and good. However, the chances of you having the currency you want to buy things in is very low. In this situation, you will have to exchange your currency for a foreign one. Either you will do it yourself, or the importer will have to do it for you.  Either way, every time you buy something from another country, you are taking part in a Forex trade. The interesting thing about Forex markets is that there is no centralized place you go to for foreign exchange. Instead, most of the trades happen online through over-the-counter electronic transactions. These transactions are handled around the clock for five and a half days of the week and across several centers of financial importance, such as New York, London, Paris, Zurich, Frankfurt, Hong Kong, Singapore, Tokyo, and Sydney. Why so many many? This is to make sure that a market is open in most time zones across the day. If you want to trade for Australian dollars or Yen, you need to trade during the hours when that center is open. Similarly, when that center closes, the American one opens up for business. You, as the trader, need to work during the hours when the traders of the currency you want are active. Risks Related to Forex Trading Like everything else happening on the internet and related to money, there are many risks involved with Forex trading. Because it is so decentralized, there are no standard rates. The market is very volatile, and rates can change as many as twenty times in an hour. In fact, depending on which part of the world you are trading from, you may find that the market is completely free of regulation of any kind. There are many guides for beginners that detail the various risks involved and how to get around them, and if you are among those people who are just getting your feet wet in the field, looking up ways to protect yourself is probably the best thing you can do.  Pros and Cons of Trading Forex Forex trading is not easy. There are many things that make it profitable, and there are also many other things that can become problematic. In this section, we will present some of the most significant pros and cons related to Forex trading.   Pros Cons The Forex market is the largest when it comes to the number of people partaking in daily trades, as well as the number of trades actually taking place. This makes it very liquid and allows for easy entry and exit for people making trades and exchanges. Forex traders use a high ratio of leverage, which allows them to borrow money from brokers in order to make trades. These ratios can be very high, meaning the amount of profits that are made can reach the skies. However, high leverage also means that traders can lose all their money in the case of a bad investment. Understanding the risks inherent in the system are important for this very reason. Trading is available 24 hours a day over five days of the week. It starts in Sydney and ends in New York, giving people across several far-flung time zones a huge window of opportunity to conduct their trades and make money. To trade in Forex, you as a trader need to have a strong understanding of how the market works and predict how changes in one currency will have a far-reaching, cascading impact on the rest of them. Trading is a study of interconnectedness within the market, and you need to always have your finger on the pulse and change your operations on a dime. This requires a heavy investment of time. Forex Trading in Thailand In South Asia, Thailand is among the top emerging markets. The Forex markets are very well regulated by the Bank of Thailand and the Thailand Securities and Exchange Commission. They have put a structure in place that is both robust and accessible, and this makes for a breeding ground of activity. Due to the structures and regulations in progress, only registered dealers are allowed to trade in Forex. Due to this, you can be sure that only reliable brokers are handling trades. What is more, since there is a growing trend in the country to trade in Forex, there is a lot of support available for beginners who are just starting out in the industry. Conclusion Forex trading is a rewarding process, but it is also a risky business. There is a certain level of thrill associated with trading. At the same time, navigating the volatility and risks surrounding you is undeniable. However, in the face of these challenges, make sure you are equipped with the proper knowledge and resources to adapt, improvise and overcome any situation that you face. Never forget that it is the internet, so always an exit strategy no matter what you do. Otherwise, trade safely, and good luck!
PHUKET XTRA: VIDEO: Thailand looks into COVID passports to restart international travel!|| March 3
PHUKET XTRA: VIDEO: Thailand looks into COVID passports to restart international travel!|| March 3
PHUKET XTRA - March 3 || Brought to you by PVCPhuket.com Thailand looking into COVID passport |:| Miss Universe Thailand sacked over views |:| Wichit street shooting was over blocking traffic |:| Bangla shooting update Hosted by: JP Mestanza || #Phuket
Hundreds of sea urchins wash ashore Patong Beach
Hundreds of sea urchins wash ashore Patong Beach
PHUKET: Marine life experts are trying to figure out what caused many hundreds of red sea urchins to wash ashore Patong Beach yesterday (Mar 2).
Uighur author tells of imprisonment and China attacks
Uighur author tells of imprisonment and China attacks
WORLD: Gulbahar Haitiwaji knew that China would not be happy about her book describing nearly three years of imprisonment, brainwashing and harassment at the hands of the authorities simply because she is Uighur.
Patient recovers after adverse reaction to COVID vaccine
Patient recovers after adverse reaction to COVID vaccine
THAILAND: A doctor who was allergic to penicillin as a child had suffered a strong reaction to COVID-19 vaccine in the first three hours after the injection, but was now out of danger, a spokesman said today (Mar 3).
Wichit street shooting was over blocking traffic, reveal police
Wichit street shooting was over blocking traffic, reveal police
PHUKET: Wichit Police have revealed that the street shooting in front of Soi Hua Hom, off Sakdidet Rd, last month was the result of an argument over the victims parking in the middle of the narrow street, preventing any other motorists from passing through.
Food donations continue with 2.5 tonnes of rice handed over for Phuket families in need
Food donations continue with 2.5 tonnes of rice handed over for Phuket families in need
PHUKET: Phuket property company One World One Home yesterday continued its project to provide free rice to families affected by the ongoing economic crisis by handing out another 2.5 tonnes of rice at another distribution event, this time at Phuket Provincial Hall.
Miss Universe Thailand gets chop as ambassador
Miss Universe Thailand gets chop as ambassador
THAILAND: The Department of Mental Health has sacked Miss Universe Thailand 2020, Amanda Obdam, as its mental health ambassador, citing public concerns about the beauty queen’s views on the country’s political situation.
Euro 2020 shrouded in uncertainty 100 days before kick-off
Euro 2020 shrouded in uncertainty 100 days before kick-off
FOOTBALL: Today (Mar 3) marks 100 days until the scheduled start of Euro 2020 but there remains much uncertainty about exactly how and where a competition that was postponed last year due to the coronavirus pandemic will take place.
Power outage to affect water supply in central, western Phuket
Power outage to affect water supply in central, western Phuket
PHUKET: A power outage around the Bang Neow Dum reservoir in Srisoonthorn will result in water supply outages in central and western parts of the island on Friday (Mar 5).
Phuket Governor, 58, takes Sinovac jab
Phuket Governor, 58, takes Sinovac jab
PHUKET: Phuket Governor Narong Woonciew along with two vice governors and all their wives yesterday (Mar 2) all presented themselves at Vachira Phuket Hospital to receive their first injection of the Sinovac COVID-19 vaccination.
Prayut orders study into COVID passports
Prayut orders study into COVID passports
BANGKOK: The government will look into the future use of COVID-19 passports, says Prime Minister Prayut Chan-o-cha.
Robertson rampage sets up series decider
Robertson rampage sets up series decider
CRICKET: A tight eight-run victory for the Rest of the World (ROW) team thanks to a much needed captain’s innings by Jason Robertson at the ACG last Sunday (Feb 28) means the series against the Asia select XI will go to a fifth and final showdown next weekend to settle who will become Phuket champions.
PHUKET XTRA: VIDEO: Political shooting at a temple funeral! || March 2
PHUKET XTRA: VIDEO: Political shooting at a temple funeral! || March 2
PHUKET XTRA - March 2 || Brought to you by PVCPhuket.com Tourism operators petition for July reopening |:| Premier defends cops conduct against protesters |:| Phuket haze is ’gone’ officials say |:| SEC back off crypto plans |:| Political shooting at a temple funeral Hosted by: JP Mestanza || #Phuket
Man found hanged from tree in Cherng Talay
Man found hanged from tree in Cherng Talay
PHUKET: Police are investigating the death of a man who was found hanged from a tree in Ban Kok Tanot in Thalang this morning (Mar 2) in what is believed to be a case of suicide.
As Bangkok lawyer arrives, Patong Police promise assistance for family of shot noodle vendor
As Bangkok lawyer arrives, Patong Police promise assistance for family of shot noodle vendor
PHUKET: Patong Police Chief Col Sujin Nilabodi has promised to help the family of noodle vendor Aroon Thongplab, who was shot by an drunken off-duty Phuket police officer on Bangla Rd Tuesday last week.
Football power by 2050? China dream totters on shaky foundations
Football power by 2050? China dream totters on shaky foundations
FOOTBALL: Five years ago, China under President Xi Jinping pledged to become a football power by 2050. But the financial collapse of the newly crowned Chinese champions raises fresh questions over that lofty goal.
Mayoral candidate killed, four wounded at funeral shooting
Mayoral candidate killed, four wounded at funeral shooting
THAILAND: A woman running for mayor in the March 28 municipal election was shot dead and three other candidates and the local kamnan wounded at a funeral at a temple in Photharam district last night (Mar 1).
Phuket residents up in arms over stolen underwear
Phuket residents up in arms over stolen underwear
PHUKET: Tired of women’s underwear being stolen from homes in the middle of the night, local residents in Baan Lipon, Thalang, have called in the police in the hope of catching the culprit.