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The Indian Rupee (INR) is the official currency of India, symbolized by ₹, and it was introduced after India gained independence from British colonial rule in 1947. The Indian Rupee is divided into 100 paise and is issued and managed by the Government of India through the country's central bank, the Reserve Bank of India (RBI).
A gap is a term used in technical analysis to describe a price movement in which the opening price of a financial instrument is higher or lower than the previous closing price. If there is a blank space between two adjacent candlesticks, it indicates that no trades took place at those price levels. Gaps occur when there is a significant change in the supply or demand of an asset, leading to a sudden increase in price.
Binary options are a very simple form of trading where you can achieve high returns with limited losses. The outcome depends entirely on the trader's prediction. Many investors are obsessed with binary options, but every trade will have winners and losers. The reality is that the vast majority of investors lose money because they do not fully understand the logic behind the product. Here, we will reveal the true nature of binary options.
Liquidity is one of the core factors driving economic development. A piece of clothing is definitely easier to cash than a set of real estate. Economic development occurs in various transactions. Liquidity is not only an important part of traditional markets, but also indispensable for any trading market. Liquidity mainly refers to the ease with which an asset can be sold at a reasonable price. There are three main types of liquidity defined in the market: asset liquidity, market liquidity, and accounting liquidity.
With the expansion of the global economy, currency demand among different countries has gradually expanded, and foreign exchange trading has become the financial market with the largest trading volume in the world. Forex trading is the exchange of one country's currency with another country's currency. Unlike other financial markets, the forex market has no specific location or central exchange. Instead, it operates through an electronic network of banks, businesses, and individuals. Foreign exchange trading is not only a tool for users to hedge the risk of future exchange rate fluctuations, but also a method for investors to make profits from currency investments.
As the methods of forex trading gradually evolve, more and more people are starting to trade foreign exchange . Among them, there are inevitably some forex trading beginners who do not know how to trade forex properly and lack a mature trading system. It makes them incur losses in trading. Finding opportunities in the market becomes a barrier for novice traders. Many brokers set up demo trading to encourage users to participate. Demo trading faces the same market fluctuations as live trading; the only difference is that the money in the account is virtual, while other operations are the same. The main purpose is to help novice traders become familiar with how forex trading works, try different trading strategies, and improve their trading skills.
Oanda, founded in 1996, is one of the early online forex brokers. It serves traders globally with headquarters in the United States and branches in Canada, Singapore, the UK, Japan, and Australia. Oanda offers trading instruments such as Forex CFDs, Indices CFDs, Commodities CFDs, Crypto CFDs, and Bonds CFDs. Oanda accounts are mainly divided into two types: the standard account, which is suitable for both novice traders and experienced professional traders, and the premium account for high-volume elite traders. If a trader's volume meets the platform's requirements, Oanda will rebate part of the trading fees. Oanda also provides the popular MetaTrader 4 trading platform, TradingView and its proprietary trading mobile application.
The Relative Strength Index, short for RSI, is primarily used to evaluate the strength of bullish and bearish forces and measure the momentum of price changes in terms of speed and magnitude.
Every successful day trader adheres to a set of strictly followed trading systems and commonly used technical indicators, and moving averages remain a popular choice due to its user-friendly nature and high practicality. By using moving averages, traders can smooth out time fluctuations and more easily identify the future price trend, thus, featuring a higher rate of successful day trading.
Interactive Brokers is a well-established stock broker compared to many of its peers like Wellbull and offering a large selection of tradable securities, and it offers $0 per share on stock and ETFs (for U.S residents only) with its IBKR Lite plan. Besides, it also offers the most advanced platforms to foster superb trading experience. In this way, Interactive Brokers features the largest clientele compared to its competitors, like Robinhood, Fidelity and Charles Schwab, over 2.6 million institutional and individual brokerage customers.
Webull was founded in 2017, quite newer to the brokerage industry than traditional players like Charles Schwab, Fidelity, Interactive Brokers and Robinhood. However, it stands tall when it comes to products offerings: Stocks, Options, cryptos, Index Options, Futures, ETFs, OTC, Margin, Fractional Shares. Webull applies no commission on stock, options and ETFs trading listed on U.S. Exchanges.
Looking to trade with HYCM? Here's our straightforward guide on how to get started with a demo account.
Looking to trade with easyMarkets? Here's our straightforward guide on how to get started with a demo account.
Looking to trade with NCE? Here's our straightforward guide on how to get started with a live account.
We will detail how to open an account at FP Markets, and how to connect to our WikiTrade. Follow our evaluation steps, and we believe that these steps will become easy for you.
We will detail how to open an account of VT Markets, and how to connect MT4 trading platform to our WikiTrade.
We will detail how to access FXTM from WikiFX, how to open an account, and finally how to connect to our WikiTrade.
DLS Markets is a well-established online broker that offers investors access to enter international markets, with tradable products including currency pairs, metals, commodities, and indices. This broker is currently regulated by the Australian ASIC and the Vanuatu VFSC, providing assurance for its legitimate forex operations. DLS Markets has always attracted a lot of investor attention, with many eager to excel on the platform and achieve profits. Today, let's test the account opening process at DLS Markets. Most traders report that the account opening process is fast and relatively simple, although some say it requires submitting numerous documents and the review time can be slow. Let's conduct an actual review next.
Hantec Markets is a United Kingdom-based brokerage firm that operates under multiple regulatory bodies. The firm offers Contract for Difference (CFD) trading services across various financial instruments, covering currency pairs, stocks, indices, cryptocurrencies, commodities, and bullion. Hantec Markets caters to traders of different experience levels by providing access to popular trading platforms such as MetaTrader 4 and ZuluTrade. This allows traders to execute their strategies seamlessly and benefit from advanced trading tools and features. One of the key advantages of trading with Hantec Markets is their competitive pricing structure. The broker offers tight spreads starting from 0.2 pips on certain instruments, allowing traders to minimize their trading costs and potentially increase their profitability. Today, let's explore how to open a real trading account on this platform and then access whether opening an account here is simple and fast.
Avatrade is a trustworthy global brand, renowned for offering access to forex and CFDs , and it has been once again named the "Best Broker for Education and Beginners of 2024" due to its outstanding educational content. Avatrade excels in copy trading and is highly competitive in mobile trading, while its pricing and research are in line with the industry average. This broker is always committed to providing an excellent trading experience for traders of all kinds. Today, we will test the account opening process at Avatrade to evaluate whether it is simple and quick, offering users a good account opening experience.