A French man who is known for extreme sports is dead after falling off the 68th-story of Hong Kong residential.
Remi Lucidi, 30, was climbing the Tregunter Tower complex when the man fell according to the South China Morning Post.
Lucidi, known online as Remi Enigma, was pronounced dead at the scene.
Read more: https://nypost.com/2023/07/30/daredevil-known-for-high-rise-stunts-dead-after-falling-from-68th-floor/
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What is Forex?
Forex, short for foreign exchange, is the decentralized global market where the world's currencies are traded against one another. It is the largest and most liquid financial market in the world, with a daily trading volume exceeding several trillion dollars.
The primary participants in the forex market are banks, financial institutions, corporations, governments, and individual traders. The main purpose of forex trading is to facilitate international trade and investment by allowing businesses to convert one currency into another.
Key features of the forex market include:
Currency pairs: Forex trading involves the exchange of one currency for another. Currency pairs are quoted in pairs, such as EUR/USD (Euro/US Dollar), GBP/JPY (British Pound/Japanese Yen), and USD/JPY (US Dollar/Japanese Yen).
Trading sessions: As the forex market operates globally, it is open 24 hours a day, five days a week. The market opens on Sunday evening and closes on Friday evening (US time), with different trading sessions in major financial centers like London, New York, Tokyo, and Sydney.
High liquidity: The forex market's immense size and numerous participants make it highly liquid. This means that traders can buy or sell currencies quickly without significantly impacting the exchange rates.
Leverage: Forex trading often involves the use of leverage, which allows traders to control larger positions with a smaller amount of capital. While leverage can amplify potential profits, it also increases the risk of losses.
Volatility: Forex prices can fluctuate rapidly due to various factors, including economic data releases, geopolitical events, and central bank decisions. Volatility can present both opportunities and risks for traders.
Market participants: Besides banks and financial institutions, retail traders also participate in the forex market. Online trading platforms and brokers provide access to the market for individual traders.
Pips and lots: Currency pairs are quoted with different decimal places, and the smallest price movement is referred to as a "pip." The standard size for a forex trade is called a "lot," which represents a certain amount of the base currency in the pair.
Forex trading can be done for various purposes, including speculation for profit, hedging against currency risk, and facilitating international business transactions. However, it is essential to recognize that forex trading carries significant risks, and inexperienced traders should approach it with caution and proper risk management strategies. Education, practice, and staying informed about market developments are vital for success in forex trading.