12:43 2021-02-27 UTC+00
The Demo account serves an educational function; in fact its deposit consists of virtual funds, and it enables a trader to practice trading and gain professional skills without risking any real money. When forex trading on a demo account, both profit and loss will be virtual, whereas trading experience is remarkably similar to real-life conditions. Each step of opening a demo account is comprehensively described in this section.
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A monthly gauge of manufacturing activity and future outlook. The CIPS PMI is comparable to the US ISM survey, similarly based on the opinions of executives in manufacturing companies. Purchasing managers are tasked with gauging future demand, and adjusting orders for materials accordingly. The PMI summarizes the opinions of these executives to give a picture of the future of the manufacturing sector. A higher PMI indicates that materials purchases are increasing and that the economic outlook is positive. Alternately, a lower PMI means orders for materials are down and the future outlook is less favorable. By nature, the figure is very sensitive to the business cycle and tends to match growth or decline in the economy as a whole.
The PMI is presented as an index with a value between 1-100.
It is a major indicator of the strength of the non-manufacturing sector of China.
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