Majority of the forex traders use technical analysis approach to trade, most of these technical traders want the currency pair to follow the trend, may be up or down. When I say about forex trading there are many currency pairs available for trading. Suppose the trader want the trending currency pair, here is how to find which currencies are trending. For doing so there is a simple trick, it is if ... [Continue Reading]
How can Currencies Impact Nifty Futures Movements in Short Term
Our local currency is Indian Rupee INR, Indian government spend large amount of foreign exchange in importing crude oil from oil exporting countries like Iran. If the cost of USD is high then crude import cost also rise, pressuring oil marketing companies to hike fuel prices. As we all know if fuel prices were hiked, inflation becomes the problem. How high inflation is problem: Rising ... [Continue Reading]
Things to check when trading NSE Nifty Future contract
Here is my list to check before open / entering into the trade on nifty future contract, if trader follows this list believe me there is lot you can improve on you trading side. Here it is: 1. Check the medium term trend on weekly charts. 2. Find the trading opportunity in the direction of medium term trend. 3. Watch for global markets like DAX, Dow Jones and Shanghai Composite. 4. Have a look at ... [Continue Reading]
