Understanding The Basics Of Currency Trading

Forex Trading

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Foreign exchange is traded in an over-the-counter market where brokers/dealers negotiate directly with one another, so there is no central exchange or clearing house The biggest geographic trading center is the United Kingdom, primarily London, which according to TheCityUK estimates increased its share of global turnover in traditional transactions from 34.6% in April 2007 to 36.7% in April 2010.

The scheme envisaged is within the scope of RBI Master Circular dated 01.07.2013 (updated as on 17.07.2014) under Liberalized Remittance Facility for Resident Indians, which permits forex outward remittance upto USD 1,25,000/- per calendar year within sub-limits for designated purposes under the scheme, covering both Capital and Current Account transactions.

So it is worth to read this book, because at least it tells you that it is possible to become a profitable trader and some people have been able to achieve it. I say this because many novice traders who give up on Forex trading say that it is impossible to become profitable.

In 2002, the CFTC, the SEC and the State of Utah filed an action against a company known as 4NExchange” for violations of state and Federal laws as the firm’s principals illegally offered foreign currency contracts through an alleged Ponzi scheme that cost investors nearly $15 million.

All Currency Pairings Available – You will certainly not want to have just a limited number of currency pairing options available when you sign up to an Australian Forex Broker, and with that in mind we have ensured that all of the Brokers we have listed and reviewed on this website will allow you to pair up any two currencies of your own choosing.

Now, regulators like the NFA and Commodity Futures Trading Commission are trying to figure out how to protect ordinary folks from being crushed in a market whose genesis was as a hedging tool for big companies and investors, not as a betting vehicle for day traders.

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