School Of Pipsology
The foreign exchange (currency or forex or FX) market exists wherever one currency is traded for another. While investment in traditional financial instruments like bonds or stocks often is considered to contribute positively to economic growth by providing capital, currency speculation does not; according to this view, it is simply gambling that often interferes with economic policy.
Futures traders, who are accustomed to margin requirements generally equal to 5-7%-8% of the contract value, will immediately recognize that the FOREX market provides much greater leverage, and for stock traders, who must post at least 50% margin, there’s no comparison.
But beware of such websites and online trading portals, as per RBI circular No. 53 dated April 7th, 2011 and circular No. 46 dated September 17th, 2013, it has been clarified that overseas forex trading through digital trading portals, in respect of the margin payments being made by their customer for online forex trading transactions (directly /Indirectly) through their credit cards / Net Banking is prohibited for resident Indians.
The first hour after a major market opens is considered very important because with this we can guess the future sessions either if you are a beginner or professional, one thing you should understand that holidays are there for relaxation so you must take a break from trading.
Have small investments to deposit with each broker and make a few trades with each one to see how convenient and reliable their trading environment is. Of course, this kind of search for trusted Forex brokers might sound too risky and too expensive, and if so, do not worry, as there is a free alternative for you.
You will learn essential elements of successful forex trading, such as how to protect your trading capital, how to find a forex trading strategy that matches with your trader personality and how to build your own trading system and tweak it for optimum performance.