FXBTG Asia

🛳️Severe shortage of ships! Soaring shipping costs exacerbate energy crisis 🛳️
The cost of energy shipping is soaring as a scramble for supplies in Europe has led to a shortage of ships carrying essential fuels this winter.
The Russian-Ukrainian conflict has forced ships to transport LNG, diesel and crude oil from farther than usual to Europe to replace Russia's energy supplies. Shipping experts say this has kept ships occupied longer and delayed their return to service, triggering a rise in global freight rates.
LNG freight rates are higher this time of year, and this year is likely to surpass last year's winter peak. The cost of shipping U.S. oil cargoes to China is the highest since 2020, while the cost of naphtha petrochemical feedstock cargoes from the Middle East to Japan more than doubled in March, according to data from the Baltic Exchange.
Traders and shipowners said the shortage of ships could affect Asian economies that import oil and gas from the United States, as they may find it difficult to obtain spare cargoes on short notice if the weather turns unusually cold this winter. Even petrochemical feedstocks are becoming more expensive to transport, further burdening buyers who are already slowing production due to sluggish demand.
Oystein Kalleklev, chief executive of ship owner Flex LNG Management AS, said there were few LNG vessels available for charter throughout the winter and only for short voyages. The owners, who had previously booked their fleets, are now asking to return their ships for use when the Freeport LNG export plant resumes operations, he said.
The Freeport natural gas export facility in Texas, which suffered a fire in June that disrupted most U.S. LNG exports, is scheduled to restart in November.
While companies are booking winter ships earlier than usual this year, the energy giant has refused to release LNG ships at the end of the summer as in previous years. According to traders and shipbrokers, tankers acquired at lower freight rates have been chartered, with charterers sometimes even burning extra fuel to shuttle between Singapore and Malaysia in order to keep the vessel.
Meanwhile, traders are filling ships at sea with natural gas and petroleum fuels to ensure supplies are maintained in a tight market, taking up more ships. "What we've seen in the shipping industry this year has been phenomenal," said Peter Sand, principal analyst at freight market analysis platform Xeneta.

💥💥【𝐅𝐨𝐫𝐞𝐱 𝐒𝐦𝐚𝐥𝐥 𝐓𝐚𝐥𝐤: 𝐓𝐡𝐞 𝐁𝐢𝐠 𝐚𝐧𝐝 𝐒𝐦𝐚𝐥𝐥 𝐅𝐚𝐜𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐅𝐨𝐫𝐞𝐱 𝐌𝐚𝐫𝐤𝐞𝐭 #𝐏𝐚𝐫𝐭2】💥💥
We only talked about the five facts in the last issue. Today we will continue to talk about other facts you must know! Let you who don't know foreign exchange can also have some foundation! Learn everything you need to know~

𝟔. 𝐖𝐡𝐚𝐭? ! 𝐂𝐚𝐧 𝐲𝐨𝐮 𝐛𝐮𝐲 𝟏𝟎𝟎𝟎 𝐔𝐒𝐃 𝐰𝐨𝐫𝐭𝐡 𝐨𝐟 𝐠𝐨𝐨𝐝𝐬 𝐟𝐨𝐫 𝟏𝟎 𝐔𝐒𝐃? ! 😱
That's right! There is one thing in foreign exchange that can achieve such an operation, and that is: leverage! Different platforms have different leverage mechanisms, and our platform provides 400 times leverage for us to operate. In other words, if the leverage is 400:1, then you only need to invest 1,000 yuan to control up to 400,000 currencies, while reducing transaction risks!

𝟕. 𝐎𝐧𝐥𝐲 𝐧𝐞𝐞𝐝 𝐚 𝐦𝐨𝐛𝐢𝐥𝐞 𝐩𝐡𝐨𝐧𝐞/𝐜𝐨𝐦𝐩𝐮𝐭𝐞𝐫 𝐚𝐧𝐝 𝐈𝐧𝐭𝐞𝐫𝐧𝐞𝐭 𝐭𝐨 𝐜𝐨𝐧𝐝𝐮𝐜𝐭 𝐭𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧𝐬? ! 🤔
With the development and progress of the times, technology will become more and more developed. Like other markets, now you only need a mobile phone and the Internet to trade. I must have called the broker to ask the business manager to help you place an order. Now it is really convenient!

𝟖. 𝐅𝐨𝐫𝐞𝐱 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐝𝐨𝐞𝐬 𝐧𝐨𝐭 𝐫𝐞𝐪𝐮𝐢𝐫𝐞 𝐡𝐢𝐠𝐡 𝐜𝐚𝐩𝐢𝐭𝐚𝐥?!🤔
Of course not! Different platforms have different funding thresholds! As for our platform, the minimum threshold is $500 to allow you to trade. You don’t need to invest a large amount of money immediately, and start from small funds and slowly accumulate compound interest funds from it!

𝟗. 𝐖𝐡𝐚𝐭? ! 𝐅𝐨𝐫𝐞𝐱 𝐦𝐚𝐫𝐤𝐞𝐭 𝐧𝐞𝐰𝐬 𝐢𝐬 𝐠𝐞𝐧𝐞𝐫𝐚𝐥𝐥𝐲 𝐜𝐨𝐧𝐬𝐢𝐬𝐭𝐞𝐧𝐭? 😱
That's right! Forex is a democratic market and almost everyone has access to the same market information as everyone else. This makes the forex market a level playing field as individual traders have almost the same tools and information as institutional traders.
So much to say today! It doesn't matter if you didn't know before, now you already know so much!

Let's talk next time~! ! Bye Bye~ 😇

💥💥💥【𝐅𝐨𝐫𝐞𝐱 𝐒𝐦𝐚𝐥𝐥 𝐓𝐚𝐥𝐤: 𝐓𝐡𝐞 𝐁𝐢𝐠 𝐚𝐧𝐝 𝐒𝐦𝐚𝐥𝐥 𝐅𝐚𝐜𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐅𝐨𝐫𝐞𝐱 𝐌𝐚𝐫𝐤𝐞𝐭 #𝐏𝐚𝐫𝐭𝟏】💥💥💥
The world is so big, and there are facts in every corner that will shock you! 😱
Maybe you have heard the big and small things in the animal world, the cold knowledge about sports, or the cold knowledge that is very close to your life. Without exception, the foreign exchange financial circle will naturally have facts that will make you feel incredible! 🤩
Even if you are an insider, you may not know everything the editor said! So what are the surprising facts? Keep sliding down!
𝟏. 𝐇𝐨𝐰 𝐛𝐢𝐠 𝐢𝐬 𝐭𝐡𝐞 𝐅𝐨𝐫𝐞𝐱 𝐌𝐚𝐫𝐤𝐞𝐭? 🤨
People from all over the world can trade in this market. How big do you think it will be? The foreign exchange market is the largest financial market in the world! At the peak of the day's trading volume alone, it reached $6.6 trillion. Can you imagine how many numbers are in the $6.6 trillion? There are 13 numbers! ($6,600,000,000,000) 😱😱
𝟐. 𝐖𝐡𝐚𝐭? ! 𝐃𝐨𝐞𝐬 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐢𝐠𝐧 𝐞𝐱𝐜𝐡𝐚𝐧𝐠𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐨𝐩𝐞𝐫𝐚𝐭𝐞 𝟐𝟒 𝐡𝐨𝐮𝐫𝐬 𝐚 𝐝𝐚𝐲? ! 😱
Because Forex is a global market that trades 24 hours a day, 5 days a week. There are four main trading hours each day, corresponding to London, New York, Sydney and Tokyo Bank opening hours. There are a lot of trades in each trading session, especially when the sessions overlap.
𝟑. 𝐈𝐬 𝐭𝐡𝐞 𝐭𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧 𝐜𝐨𝐬𝐭 𝐨𝐟 𝐟𝐨𝐫𝐞𝐢𝐠𝐧 𝐞𝐱𝐜𝐡𝐚𝐧𝐠𝐞 𝐬𝐦𝐚𝐥𝐥 𝐨𝐫 𝐥𝐚𝐫𝐠𝐞? 🤔There is no commission charged for trading in the foreign exchange market! But there will be a small transaction fee, commonly known as the "spread". This is one of the differences between the Forex market and other markets~ Spreads in Forex are usually less than 0.01% of your account size.
𝟒. 𝐖𝐡𝐚𝐭? ! 𝐅𝐨𝐫𝐞𝐱 𝐜𝐚𝐧 𝐛𝐞 "𝐭𝐫𝐢𝐚𝐥 𝐩𝐥𝐚𝐲" 𝐟𝐢𝐫𝐬𝐭? ! 😱
That's right! Most of the platforms have a demo account for us who want to participate in the foreign exchange market, which allows us to go to the "trial" experience to see the foreign exchange market, and the most important thing is that all quotations follow the real market quotations. Oh! This allows us to hone our trading skills by first trading virtual amounts in the market.
𝟓. 𝐖𝐡𝐚𝐭? ! 𝐈𝐧 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐢𝐠𝐧 𝐞𝐱𝐜𝐡𝐚𝐧𝐠𝐞 𝐦𝐚𝐫𝐤𝐞𝐭, 𝐰𝐡𝐞𝐭𝐡𝐞𝐫 𝐢𝐭 𝐢𝐬 𝐮𝐩 𝐨𝐫 𝐝𝐨𝐰𝐧, 𝐭𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐟𝐨𝐫 𝐩𝐫𝐨𝐟𝐢𝐭? ! 😱
This is because forex trading involves buying one currency and simultaneously selling another; the basic trading currencies include EUR/USD, USD/JPY, AUD/USD and NZD/USD. This unique setup allows us to buy and sell at any time, with the opportunity to make money at any time. In essence, this is a "non-decay" boat.
Oh hoo! We just stop here for today, and we'll continue tomorrow! 😉😉

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