Finding the right online trading center is not always an easy task. There are numerous online trading companies battling over traders’ attention, and each claims to have the best trading platform and tools. How can a beginner trader make the right choice? Read through this short article and get all the information you need to recognize a great trading site when you see it. Keep in mind that the ... [Continue Reading]
Forex: Weak Chinese Numbers Spook Markets, Buy Gold
The U.S. dollar was hammered versus the Yen, trading near its seven week low after a large sell-off made safe havens more attractive. One beneficiary was the Swiss Franc, which reached a three week high against the dollar. Weak Chinese Reports Worry Markets Markets have been rattled by weak manufacturing reports from China that suggest its economy is slowing down. Manufacturing activity fell in ... [Continue Reading]
Here are reasons Why US Dollar Could Rally in Short term
US dollar has been in demand for last many trading sessions led by the strong economic growth in US, the data that were released last week were full of positive surprises. Non-farming payroll added about 175k (approx.) jobs, which was much better than expected number, also consumer confidence in the US economy has increased. Here are some of the reasons why I am seeing USD to be ... [Continue Reading]
Euro against US Dollar is in uptrend for medium term, Buy on Decline
EURUSD pair in forex has is very popular, as I see these days it has become highly predictable with technical analysis. As I see the charts I feel that EURUSD is now beginning a new up trend as it has bounced from 1.2050 to 1.29 about 900 pips rally in 3 months. If I see the daily chart the pair is already trading above the 200 days SMA, In this case I will be only looking for buying opportunities ... [Continue Reading]
OTC Forex Trading illegal in India, Here is trick to trade major currencies
In year 2011, RBI has come up with a clear notice that, Indians are not allowed to trade in International Forex OTC (over the counter) market (you can read it on the website of RBI). In the meanwhile, stock exchanges has opened the gateway for traders to take positions in currencies like USDINR, EURINR, GBPINR and JPYINR. Currently these four currency pairs are available for trading, But there is ... [Continue Reading]
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