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Forex Trading for Dubai Beginners: Tips and Strategies to Maximise Profit Potential



Forex trading in Dubai offers immense opportunities for traders to make profits in the dynamic global currency market. With its thriving financial industry and strategic location, Dubai has become a hub for forex trading in the Middle East. Whether you are a seasoned trader or a beginner looking to enter the world of forex, these tips will help you maximise your profit potential and navigate the market with confidence.

Educate Yourself

Before you dive into forex trading, it’s crucial to educate yourself about the market, trading strategies, and risk management techniques. Read books, sign up for seminars and webinars, and use reputable blogs, websites, and financial news sources.

Choose a Reliable Broker

Selecting a reliable and regulated forex broker is essential for a successful trading journey. Look for brokers with a good reputation, competitive spreads, efficient trading platforms, and excellent customer support. Conduct thorough research and read reviews to find a broker that aligns with your trading goals and requirements.

Start with a Demo Account

If you are new to forex trading or want to test some new strategies, begin with a demo account. This allows you to practice trading with virtual funds, giving you a risk-free environment to familiarise yourself with the platform and hone your trading skills.

Develop a Solid Trading Plan

A well-defined trading plan is crucial for consistent success in forex trading. Determine your risk tolerance, set out your goals and objectives, and establish a clear strategy. Your trading plan should include entry and exit points, risk management techniques, and guidelines for analysing the market.

Use Risk Management Techniques

Risk management is vital in forex trading to protect your capital and minimise losses. Limit potential losses by using stop-loss orders and use appropriate techniques to size positions and limit potential losses. Avoid risking a significant portion of your capital on a single trade.

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Stay Informed and Updated

Forex markets are influenced by various economic, political, and social factors. Stay informed about market news, economic indicators, and geopolitical events that can impact currency prices. Use financial news websites, economic calendars, and analysis tools to stay updated and make informed trading decisions.

Practice Patience and Discipline

Discipline and patience are paramount when it comes to trading forex successfully. Avoid trading impulsively, and don’t make decisions based on rumours or emotions. Follow the trading plan you’ve developed and avoid overtrading. This will help you avoid unnecessary losses and make better trading decisions.

Use Technical and Fundamental Analysis

Utilise both technical and fundamental analysis to make informed trading decisions. Technical analysis includes analysing price charts, patterns, and indicators, while fundamental analysis considers economic data, news events, and market trends. Combining these two approaches can provide valuable insights into market movements.

Diversify Your Portfolio

Diversification is essential for managing risk in forex trading. Don’t put all your eggs in one basket – instead, trade multiple currency pairs from different countries. Diversifying your portfolio can help mitigate the impact of adverse market movements on your overall trading performance.

Forex trading in Dubai provides exciting opportunities for traders to profit from the global currency market. Keep these tips and guidelines in mind as you get started, to maximise your profit potential, effectively manage your risk, and embark on a successful trading journey.

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Abdullah bin Said discusses cooperative relations and climate file with Prime Minister of Barbados



Abdullah bin Said discusses cooperative relations and climate file with Prime Minister of Barbados

Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan and Prime Minister of Barbados Mia Amor Motley discussed the cooperation relations between the two countries and ways to invest in opportunities to improve them in all sectors, especially climate and renewables. Energy.

This was during a meeting His Highness had with Mia Amor Motley in the presence of Foreign Affairs Minister Kerry Symonds as part of her working visit to the Republic of Barbados.

His Highness and the Prime Minister of Barbados discussed ways to enhance bilateral cooperation between the two countries in the fields.

Many, including the economy, tourism and business, support their efforts to achieve sustainable development.

His Highness also briefed Mia Amor Motley on the UAE’s preparations for hosting the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP 28), the agenda of the event and the priorities of the UAE leadership of the conference, particularly targeted initiatives. In ensuring funding for climate action to support the achievement of a just energy transition.

Sheikh Abdullah bin Zayed Al Nahyan emphasized that sustainable development is a priority for all countries and an inherent right of people, and that achieving it requires a qualitative change in the course of climate action and mobilizing global efforts aimed at achieving climate neutrality. , as well as take innovative initiatives to support this goal.

His Highness also emphasized the UAE’s support for the “Bridgetown” initiative led by the Prime Minister of Barbados, Mia Amor Motley from “COP 26”, to access international financing for climate action, especially for countries most vulnerable to climate change. A global effort to address international financial reform issues in the climate file, noting the importance of strengthening efforts to support their response to its consequences.

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Praising Barbados’ pioneering efforts in global climate action, His Highness expressed his desire for the Republic of Barbados to participate in the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP 28).

The talks between His Highness Sheikh Abdullah bin Saeed Al Nahyan and Mia Amor Motley touched on many areas of common interest, in addition to developments at the regional and international levels.

He emphasized the importance of investing in opportunities to strengthen the excellent relations between the two countries and to enhance opportunities for joint cooperation in all fields. For her part, Mia Amor Motley, during the United Arab Emirates Conference on Climate Change (COP 28), expressed her confidence in the UAE’s leadership in global climate action with all capacity and capability. UAE’s initiatives in the renewable and clean energy sector globally and its unique and innovative strategy to achieve climate neutrality. The meeting was attended by Omar Saif Kobash, Advisor to the Minister of Foreign Affairs and Saeed Mubarak Al-Hajri, Assistant Minister for Economic and Commercial Affairs of the Ministry of Foreign Affairs. His Highness Sheikh Abdullah bin Zayed Al Nahyan had previously arrived in Barbados at the start of a tour that included several Latin American and Caribbean countries. The tour comes within the framework of the interest in strengthening the friendship between the UAE and the countries of Latin America and the Caribbean, as well as exploring the opportunities available to develop and promote joint cooperation in all sectors, especially in the economy and climate. The United Arab Emirates is gearing up to host the 28th session of the United Arab Emirates Conference of the Parties to the United Nations Framework Convention on Climate Change (COP 28) in Expo City Dubai next November and December and the importance of accelerating global climate action, which is a pillar for advancing sustainable economic development pathways. .

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Foreign Minister:

• Sustainable development is a priority for countries and an inherent right of people, and achieving it requires a qualitative change in the climate action process and innovative initiatives.

• Speeches by Abdullah bin Saeed and Mia Amor Motley addressed common interests and developments at the regional and international levels.

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Maryam Al Muhairi: The COP28 conference is a turning point to advance climate action in the next decade



Maryam Al Muhairi: The COP28 conference is a turning point to advance climate action in the next decade

On the closing day of the “Climate Future Week” activities at the Museum of the Future, Her Excellency Maryam Al Muhairi, Minister of Climate Change and Environment, emphasized the importance of the Conference of the Parties to the United Nations Framework Convention on Climate Change. (COP28), which will witness the first global outcomes to assess progress in implementing the goals of the Agreement. The Paris Climate Action, will also help climate action efforts, including developing measures to close gaps in progress.

Through a video recorded as part of the Climate Future Week events, Her Highness Al Maryam Al Muhairi emphasized the UAE’s commitment to climate action, noting that the COP28 conference should be a turning point in advancing the climate action process over the next decade.

The UAE has always been at the forefront of reducing emissions, and highlighted the country’s commitment to sustainability in addition to protecting its natural resources, Al Muhairi said, noting that the UAE was the first to report climate change in the region. Neutral targets by 2050.

Her Excellency Al Muhairi pointed out that the UAE aims to reduce emissions by 40% by 2030, stressing the importance of cooperation between governments, industries and social partners that comprise the country’s approach to climate action.

His Excellency Al Muhairi concluded his speech by emphasizing the UAE’s desire to make its next session (COP28) the most comprehensive Conference of the Parties, highlighting the Conference’s four-pillar action plan for the achievement of an orderly, fair and responsible transition in the energy sector, and the development of climate finance mechanisms, people, Focused on improving lives and livelihoods, the conference is comprehensive and solutions driven.

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The event coincides with the Year of Sustainability and the UAE’s preparations to host the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28) in Dubai at the end of next November.

Honorable Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, appointed President of the Conference of the Parties (COP28), and His Excellency Razan Khalifa Al Mubarak, President of the United Nations Climate Change Conference for the Conference of the Parties (COP28) and President of the International Union for Conservation of Nature, and later the United Nations Framework on Climate Change He spoke at a special dialogue session to highlight the latest preparations for holding the twenty-eighth session of the Conference of the Parties to the Convention. In Dubai in November, the session was facilitated by Dubai Abulhol, CEO of Fikr Foundation, and His Excellency Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications. Prime Minister’s Office in the Ministry of Cabinet Affairs and many other dignitaries.

The “Climate Future Week” conference organized by the “Future Museum” was attended by several ministers and government officials to discuss the most important future opportunities, experiences, initiatives and solutions in the field of environment and sustainability and to address climate change. The main sessions, which were held over 3 days (September 26, 27 and 30), concluded today, Saturday.

The dialogue was followed by a “Climate Startup Council” event where the experiences of entrepreneurs in various fields including sustainable water production, smart agriculture, innovation in waste management, carbon footprint and other important environmental and climate topics were discussed.

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The “Climate Future Week” event was held in collaboration with Fikr Foundation, with key participation of professionals interested in the fields of environment, sustainability and climate change. Department for environmental protection, climate change and natural resource management and development of the country. As a hub for global conversations affecting the future of the planet.

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Abu Dhabi Police school bus drivers must adhere to 5 rules



Abu Dhabi Police school bus drivers must adhere to 5 rules

Abu Dhabi Police requires school bus drivers to observe five rules, ensuring the safety of students while taking them to and from school, not using the phone while driving the school bus, maintaining the legal speed, maintaining the bus before moving off, and using the stop lever when students board and disembark. and Fastening the Belt.Student Safety.

Pay attention and pay attention while driving, pay attention to pedestrians, road signs and its surroundings, follow the instructions of traffic workers and follow them, and avoid accidents. Promote positive behavior among drivers and introduce laws and regulations to protect the safety of students on their way to and from school.

Five tasks have been identified for male and female invigilators to ensure that the students are seated, to remain calm while the bus is running, to monitor their safety while boarding and alighting the bus, and to contact the concerned authorities in case of emergency. Students were ejected from the bus during its final stop.

Abu Dhabi Police has called on school bus supervisors and drivers to adhere to traffic laws, noting that they have conducted several awareness workshops for school bus drivers and supervisors.

The Directorate of Traffic and Patrols at the Abu Dhabi Police General Command implemented the “Back to School” initiative at the start of the academic year within the framework of a nationwide federal campaign under the slogan “Our Children Hope”.

It emphasized its interest in improving traffic awareness among drivers by implementing activities and traffic awareness programs as part of efforts aimed at improving responsibility for following traffic rules and regulations and reducing the causes leading to traffic accidents and resulting deaths. Serious injuries.

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He emphasized on the need to observe complete stopping of vehicles when the stop arm is opened for buses at a distance of not less than five meters (in both directions) to avoid penalty. Dh1,000 and 10 traffic points for buses carrying school children if drivers do not stop when they see a stop sign.

It also stressed the importance of raising awareness among families on traffic safety and the importance of providing a safe environment for school students, awareness programs on pedestrian safety, focusing on nothing but the road, and wearing seat belts while driving. Leave adequate safety distance when standing behind school buses.

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