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It does not occur freely in nature, existing in minerals like halite, carnallite, and sylvite. It is also found in the form of sodium chloride in salt beds and lakes that have occurred as a result of leaching into the sea since ages . In at Uppsala, Sweden, when Scheele heated hydrochloric acid with the mineral pyrolusite, a greenish-yellow gas was produced that had a choking odor. It also dissolved in water to produce an acidic solution, and bleached litmus paper, flowers, and leaves.
In , the Cornish chemist Humphry Davy found the new gas to be an element, officially announcing its existence in However, it took another ten years for chlorine to be recognized as an element by other chemists [1, 2]. Where is Chlorine Located on the Periodic Table. Prolonged exposure to chlorine gas can cause watery eyes, skin rash, burns, shortness of breath, nausea, and vomiting.
Inhalation of high concentration of the gas can lead to severe health hazards inhalation like pulmonary edema . It was used as a chemical weapon in the World War I by the Germans for its toxic nature . Your email address will not be published. Chemistry Learner It's all about Chemistry. Chlorine Symbol. Chlorine Lewis Dot Structure. Valence electrons 7  Electron configuration noble gas configuration [Ne] 3s 2 3p 5 Atomic structure  — Number of Electrons 17 — Number of Neutrons 18 — Number of Protons 17 Radius of atom — Atomic radius 1.
Chlorine Atomic Structure Bohr Model. The profit is made on the difference between your transaction prices. A spot market deal is for immediate delivery, which is defined as two business days for most currency pairs. The business day excludes Saturdays, Sundays, and legal holidays in either currency of the traded pair. During the Christmas and Easter season, some spot trades can take as long as six days to settle.
Funds are exchanged on the settlement date , not the transaction date. The U. The euro is the most actively traded counter currency , followed by the Japanese yen, British pound, and Swiss franc. Market moves are driven by a combination of speculation , economic strength and growth, and interest rate differentials. Retail traders don't typically want to take delivery of the currencies they buy. They are only interested in profiting on the difference between their transaction prices. Because of this, most retail brokers will automatically " roll over " their currency positions at 5 p.
EST each day. The broker basically resets the positions and provides either a credit or debit for the interest rate differential between the two currencies in the pairs being held. The trade carries on and the trader doesn't need to deliver or settle the transaction.
When the trade is closed the trader realizes a profit or loss based on the original transaction price and the price at which the trade was closed. The rollover credits or debits could either add to this gain or detract from it. Since the forex market is closed on Saturday and Sunday, the interest rate credit or debit from these days is applied on Wednesday.
Therefore, holding a position at 5 p. Any forex transaction that settles for a date later than spot is considered a forward. The price is calculated by adjusting the spot rate to account for the difference in interest rates between the two currencies. The amount of adjustment is called "forward points.
The forward points reflect only the interest rate differential between two markets. They are not a forecast of how the spot market will trade at a date in the future. A forward is a tailor-made contract. It can be for any amount of money and can settle on any date that's not a weekend or holiday. As in a spot transaction, funds are exchanged on the settlement date. A forex or currency futures contract is an agreement between two parties to deliver a set amount of currency at a set date, called the expiry, in the future.
Futures contracts are traded on an exchange for set values of currency and with set expiry dates. Unlike a forward, the terms of a futures contract are non-negotiable. A profit is made on the difference between the prices the contract was bought and sold at.
Instead, speculators buy and sell the contracts prior to expiration, realizing their profits or losses on their transactions. There are some major differences between the way the forex operates and other markets such as the U. This means investors aren't held to as strict standards or regulations as those in the stock, futures or options markets. There are no clearinghouses and no central bodies that oversee the entire forex market. You can short-sell at any time because in forex you aren't ever actually shorting; if you sell one currency you are buying another.
Since the market is unregulated, fees and commissions vary widely among brokers. Most forex brokers make money by marking up the spread on currency pairs. Others make money by charging a commission, which fluctuates based on the amount of currency traded. Some brokers use both. There's no cut-off as to when you can and cannot trade. Because the market is open 24 hours a day, you can trade at any time of day.
The exception is weekends, or when no global financial center is open due to a holiday. The forex market allows for leverage up to in the U. Leverage is a double-edged sword; it magnifies both profits and losses. Later that day the price has increased to 1. If the price dropped to 1. Currency prices move constantly, so the trader may decide to hold the position overnight. The broker will rollover the position, resulting in a credit or debit based on the interest rate differential between the Eurozone and the U.
Therefore, at rollover, the trader should receive a small credit. Rollover can affect a trading decision, especially if the trade could be held for the long term. Large differences in interest rates can result in significant credits or debits each day, which can greatly enhance or erode profits or increase or reduce losses of the trade. Most brokers provide leverage.
Many U. Let's assume our trader uses leverage on this transaction. That shows the power of leverage. The flip side is that the trader could lose the capital just as quickly. Your Money. Personal Finance. Your Practice. Popular Courses. Table of Contents Expand. Table of Contents. What is Forex FX? Understanding Forex. How Forex Differs from Other Markets. Example of Forex Transaction.
Trading Trading Skills.
The U.S. Justice Department is making inquiries into allegations of foreign exchange rate manipulation centred on the Swiss franc. NEW YORK, Nov 3 (Reuters) - The dollar topped yen on Monday, its strongest point in nearly seven years, extending gains spurred by last. Stock Market Trading: 2 Manuscripts: Options Trading, Forex Trading In The Swim 3 Inch Stabilized Chlorine Tablets for Sanitizing Swimming Pools.