On 12th August 2022, the U.S. dollar has moved higher against Asia-Pacific currencies after publication of the report as geopolitical tensions boosted the demand for the U.S. currency as a haven.
With the occurrence of the U.S. dollar appreciating markedly in late trading on Monday (15th August 2022), market participants are concerned over slowing global growth, hence the look for safe havens.
In a period of currency market fluctuation, foreign currency exchange contracts have become one of the more preferably choices to trade among the traders.
Doo Prime Offers Forex CFDs Trading
If forex CFDs are what you are looking for, you are welcome to trade with Doo Prime as we are having a new round of Swap-Free and Swap Reduction Campaign going on since 4th July 2022.
Swap-Free
The products listed below are eligible for Swap-Free promotion：
| Product Types | Before Adjustment | After Adjustment |
| Forex Major | Reduced Overnight Interest Rate | Swap-Free |
Swap Reduction
The products listed are eligible for Swap Reduction promotion：
| Product Types | Swap Adjustment |
| Forex Cross | Reduced Interest Fees |
| Forex Minor | Reduced Interest Fees |
Multiple benefits of trading forex CFDs with Doo Prime include:
- Doo Prime Offers Leverage Up To 1:500
The availability of leverage is perhaps one of the most appealing factors to attract traders as it allows you to open a high position with a relatively small amount of capital.
In Doo Prime, we offer flexible leverage of up to 1:500, allowing our clients to trade with minimal capital and maximize their trading profits.
Whilst this opens up the potential for increased profit, it can also lead to greater losses, so leverage should always be used with caution.
- Ultra-low Trading Cost
The low capital requirement of Doo Prime might be another reason for you to trade forex CFDs with us. Just a deposit of USD 100 to kick start your trading journey. Having a low capital requirement is a glad tiding for the new beginners to trade with us as beginners tend to have a smaller risk appetite.
To add, the minimum trading lot is as low as 0.01 lot at Doo Prime. Our clients get to enjoy our competitive spreads of 1 pips below the industry’s average cost, without additional trading commissions. *
* Depending on account type.
- Flexible Accessibility
Achieve “Trading Forex CFDs At Your Fingertips” at Doo Prime as we allow you to trade anytime and anywhere via desktop and mobile devices. Gain access to multiple trading platforms, namely MT4, MT5, Doo Prime InTrade, TradingView, FIX API 4.4, and more.
As every second that passes in the stock market could lead to huge losses or profit, speedy orders execution is one of the essential requirements that every trader goes after for. Therefore, Doo Prime’s clients get to enjoy our stable and diversified product quotes alongside fast order executions within 50ms.
All you need to do is just sign up for an account with Doo Prime, it could be standard account (STP), professional account (ECN), Cent account, or other available accounts.
Why are Forex CFDs a good buy?
Thanks to the coronavirus pandemic, trading has become very popular worldwide due to stay-at-home situations. Many of them have turned to online trading as most individuals felt stagnant at home while some of them need to find another source of income to pay for essential expenses.
It was not hard to approach online trading as there are a lot of opportunities on trading for beginners everywhere too.
Forex CFDs: Beginner Friendly Or Expert’s Favourite?
One of the popular choices would definitely be forex CFDs trading because it has higher accessibility, is relatively easy to enter, and does not require a large initial investment. Hence, forex CFDs trading is beginner friendly and popular among hobbyist traders.
Secondly, forex trading is not subject to the opening hours of any centralized exchange system since the transactions of foreign exchange are made directly between trading parties that are facilitated by a forex broker. With this, traders can make their transactions as long as there is a market open somewhere in the world.
Do, however, take note that the forex market is closed to retail traders over the weekend when you are forming your trading strategies to mitigate any potential risk.
Another key factor to note is the volatility of the forex market. The forex market is influenced by a number of external factors, including but not limited to:
- The economic stability of a given country
- The global economy as a whole
- Political news, events and policies
- Trade deals
- Natural disasters
As mentioned from the start, U.S. dollar is U.S. market is fluctuating in the exchange rate. Investing in U.S. stocks makes you invest in U.S. dollar and bear the associated risk too.
When the US Dollar appreciates, it gives an extra boost to your portfolio value and vice versa. Hence, the impact of investing in different stocks with different currencies shall not be neglected.
Starts A Demo Account With Doo Prime
A fully functional yet free demo account is available in Doo Prime for our clients to practice trading forex without bearing any risk, essentially providing a test run before entering the real trading world. Demo accounts allow the traders to get used to our multiple trading platforms, namely MT4, MT5, Doo Prime InTrade, TradingView, etc., and get familiar with the market movements.
Seize Your Opportunity Now
It is never too late to be a successful trader. You may reach Doo Prime’s 24/7 multilingual support team now to activate the Swap-Free option on multiple trading terminals including MetaTrader 4, MetaTrader 5, TradingView, Doo Prime InTrade, and more.
For more campaign-related terms and conditions, clients may access our help center or contact your 1-on-1 dedicated account manager.
| About Doo Prime
Our Trading Instruments
Securities | Futures | Forex | Precious Metals | Commodities | Stock Indices
Doo Prime is an international pre-eminent online broker under Doo Group, which strives to provide professional investors with global CFD trading products in Securities, Futures, Forex, Commodities, Stock Indices, and Funds. At present, Doo Prime is delivering the finest trading experience to more than 40,000 professional clients, with over 1 million trade orders fulfilled each month.
Doo Prime entities respectively holds the relevant financial regulatory licenses in Seychelles, Mauritius, and Vanuatu with operation centers in Dallas, Sydney, Singapore, Hong Kong, Dubai, Kuala Lumpur, and other regions.
With robust financial technology infrastructure, well-established partnerships, and an experienced technical team, Doo Prime boasts a safe and secure trading environment, competitive trading costs, as well as deposit and withdrawal methods that support 10 different currencies. Doo Prime also incorporates 24/7 multilingual customer service and extremely fast trade execution via multiple industry-leading trading terminals such as MT4, MT5, TradingView, and InTrade, covering over 10,000 trading products.
Doo Prime’s vision and mission are to become a financial technology-focused broker, streamlining international global financial products investment.
For more information about Doo Prime, please contact us at:
Phone:
Europe : +44 11 3733 5199
Asia : +852 3704 4241
Asia – Singapore: +65 6011 1415
Asia – China : +86 400 8427 539
E-mail:
Technical Support: en.support@dooprime.com
Sales Representative: en.sales@dooprime.com
Forward-looking Statements
This article contains “forward-looking statements” and may be identified by the use of forward-looking terminology such as “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “hope”, “intend”, “may”, “might”, “plan”, “potential”, “predict”, “should”, or “will”, or other variations thereon or comparable terminology. However, the absence of such terminology does not mean that a statement is not forward-looking. In particular, statements about the expectations, beliefs, plans, objectives, assumptions, future events, or future performance of Doo Prime will be generally assumed as forward-looking statements.
Doo Prime has provided these forward-looking statements based on all current information available to Doo Prime and Doo Prime’s current expectations, assumptions, estimates, and projections. While Doo Prime believes these expectations, assumptions, estimations, and projections are reasonable, these forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond Doo Prime’s control. Such risks and uncertainties may cause results, performance, or achievements materially different from those expressed or implied by the forward-looking statements.
Doo Prime does not provide any representation or warranty on the reliability, accuracy, or completeness of such statements. Doo Prime is not obliged to provide or release any updates or revisions to any forward-looking statements.
Risk Disclosure
Trading in financial instruments involves high risks due to the fluctuation in the value and prices of the underlying financial instruments. Due to the adverse and unpredictable market movements, large losses exceeding the investor’s initial investment could incur within a short period of time. The past performance of a financial instrument is not an indication of its future performance. Investments in certain services should be made on margin or leverage, where relatively small movements in trading prices may have a disproportionately large impact on the client’s investment and client should therefore be prepared to suffer significant losses when using such trading facilities.
Please make sure you read and fully understand the trading risks of the respective financial instrument before engaging in any transaction with Doo Prime’s trading platforms. You should seek independent professional advice if you do not understand any of the risks disclosed by us herein or any risk associated with the trade and investment of financial instruments. Please refer to Doo Prime’s Client Agreement and Risk Disclosure and Acknowledgement Notice to find out more.
Disclaimer
This information is addressed to the general public solely for information purposes and should not be taken as investment advice, recommendation, offer, or solicitation to buy or sell any financial instrument. The information displayed herein has been prepared without any reference or consideration to any particular recipient’s investment objectives or financial situation. Any references to the past performance of a financial instrument, index, or a packaged investment product shall not be taken as a reliable indicator of its future performance. Doo Prime and its holding company, affiliates, subsidiaries, associated companies, partners and their respective employees, make no representation or warranties to the information displayed and shall not be liable for any direct, indirect, special or consequential loss or damages incurred a result of any inaccuracies or incompleteness of the information provided, and any direct or indirect trading risks, profit, or loss arising from any individual’s or client’s investment.
