What is Forex Trading Condition?

 What is Forex Trading Condition ?

Spreads - Our spreads are market leading which allow you to trade in best and the lowest prices. Most of the time, it goes 0.0 pips on META 4 , 5 platforms.

Execution - Don't Worry!! We understand the value of your trade however, we execute your trade within 40ms once the order received.

Margin & Leverage - Opportunity for retail traders to make their trade more profitable by taking best Leverages  & margins in trade.

Currency Pairs - Number of Currency Pairs are available and the advise of our advisors for the best pair to trade makes all conditions favorable.

Swap Rates - determined a fixed rate swap, which is fixed by the trading parties. We offer long and short term swap Rates.

 

How to find a broker that provides the best signal -

Forex signal is an indicator which suggest the optimal time to buy and sell. Full time technical traders use these signal for making their trading smooth and for enhancing the trading results.

 

For best broker for a good signal. We are having a list of top broking companies 2021 below. Most of them having a MT4, L2 Leader platform. They are also having number of indicators - directional moving indicators ( DMI), Relative Strength Index (RSI) etc.

What is Forex Exchange and it's terms?

Forex Market is known as foreign exchange market and Currency Market. It is a place where trade between currencies is possible. It's like the barter system where we exchange goods instead of currencies.

The various terms are used in forex trading like Bid, Ask, Bear & Bull, Entry, Exit, long position, short selling etc.

Top 16 Forex Broking Companies in India 2021 -

Without broker trading is not possible. As there are so many brokers in India so, it's been difficult to choose for a new trader.

Don't worry!! We are having a list of brokers and their information so, you can compare and choose wisely as per your requirement.

Here is a list of best and most trusted brokering companies in India.

1.      IG - Stuart Wheeler found IG in 1974 in UK. They comes with a interactive platform META TRADER 4 and L2 Dealer.

2.      Saxon Bank - Trading platform founded by Saxon Bank in 1998 . They are not having MT4 yet but having a large range of offerings.

3.      FOREX.com - It's US based number one brokers and also leading broking platform in India regulated by SEBI.

4.      XM Group - regulated by SEBI and International Financial Service Commission. They deals with currencies, stocks, commodities and also having a number of branches in around 200 countries.

5.      Moneta Markets - founded in 2020 by it's parent company Vantage International Group Limited. As of now, it's a best platform for CFDs ( Contract for Differences).

6.      HYCM  Nightcap - abbreviated as Henyep Capital Markets Limited. The oldest and the trustworthy brokers for forex trading. By using more than 300 instruments make your trade easy and hustle free.

7.      VT Markets  - Abbreviated as Vantage Group founded in 2017 and regulated by  Cayman Islands Monetary Authority (CIMA).

8.      Black Bull Markets - Founded in 2014 in New Zealand. They are providing MT4 & MT5 Trading Platform to their clients.

9.      Octa FX - Good platform for the beginners or experts too. This is the most popular one platform in India. They provide a different payment method also and having a very simple interaction platform for hustle free trading.

10.  I forex - British Virginia Islands Financial services commission and SEBI regulate this trading house. They also deals with currencies, crypto, ETFs etc.

There are some other platforms like FP Markets, IC Markets Tick mill, FX Pro, Vantage FX, AvaTrade, Interactive Brokers.

Pros & Cons of forex trading in India -

Pros -

✓ Time Flexibility - People with full time jobs have the wonderful opportunity to start trading on weekends as the forex market is open 24x7. Trader can make a trade possible from their own country. Flexible timing enhance the reach of forex market. However, in stock market there is a timing for trading in India from 9 A.M to 3 P.M.

✓ Low Transaction Cost - If we compare with other markets like stock market, commodities market, then the forex market is providing the low transaction costs. All this tends to a less brokerage charges and large profits.

✓ Leverage - Most of the companies or traders borrow capital to increase the return value. Forex market provide approximately 20 to 30 times leverage for trading to all small and large traders. This is how, traders make gains by taking leverages.

✓ Trading Pattern - In forex trading there are hundred of currency pairs for trading. One can do trading with the help of various trading options.

Cons -

✓ Few Regulations - Forex market is dominated by brokers which makes the market unregulated. This market may in control of brokers instead of traders. A trader has not control on their trade because of the unregulated nature of the market.

✓ High Risk - Less knowledge of leverage tends to  increase risk rate. A trader can enjoy high Leverage at high profit or loss exposure.

✓ High Volatility - As forex market works 24x7, sometimes it's been difficult for a trader to make profit in high volatility. For best result one should have a good knowledge of stop losses and a right approach leads to good profit.

Few Simple Steps to learn Forex Trading -

 50 pips a Day - Pips is the smallest or decimal value of the Currencies. By using 50 pip strategy one can earn max profit of 50 pips which is the smallest value. If you are new in trading and at learning stage then this strategy works for you.

Read Daily Chart Strategy - Chart is something which gives us historic and current data for predicting the future values. By observing a daily chart one can enhance their skills.

1 hour trading strategy - Those who are having less time for market but they have an interest in trade. This strategy needs so much of awareness as it comes with high risk. Don't forget to use our number of indicators in 1 hour trade.

4 Hour Trading Strategy -  Sometimes, it's been difficult to do a trade with job or any other work. If you have few hours for trading, then we suggest you to go for high time frames trading such as 4 hour trading.

Weekly trading - If you invest your money in market but you don't have that much time to watch the charts. Then, weekly charts will help you in profitable trades.

Trend following forex Strategy - Keep your eyes on trend, if the market goes down trend then you can sell your assets and buy if it's in upward trend.

 

Conclusion - This is how market works. Currency Market is different from equity market, as it deals in currencies. There is no time limit as you can trade for 24 hours. Fortunately, forex trading is illegal in India Moreover, You can hedge your Currency risk by using different strategies.