A swap is the interest rate difference between the 2 currencies of a trading pair you are dealing with. In other words, A swap in forex is the interest earned or paid for a trade open at least overnight or for multiple days. Swaps are also called Rollover. You can calculate the rollover interest (either …
What is Swap in Forex (Swap Types, Calculation Methods Explained) Read More »
According to the Compareforexbrokers website, global forex markets have increased by 29% in the last 5 years. This impressive growth in the forex market resulted in many new brokers entering the market and benefitting the traders with several perks like high leverage, and tight spreads. Another forex broker that has joined the bandwagon is Rock …
ICICI bank offers five different forex travel cards with a variety of features and benefits. Multi-Currency Forex Travel Card Sapphiro Forex Travel Card Coral Forex Prepaid Card Student Forex Prepaid Card Goibibo Forex Travel Card With ICICI Bank Forex Prepaid Card, you have access to 15 foreign currencies to avoid real-time currency rate fluctuations. You …
SBI bank offers two forex cards for traveling abroad. SBI forex card is accepted all over the world except in India, Nepal, and Bhutan as per FEMA rules. State Bank Foreign Travel Card Multi-Currency State Bank Foreign Travel Card Both, existing as well as new customers of SBI can avail these cards. SBI Forex Card …
HDFC bank offers five types of forex cards for different traveling purposes. Five Forex cards are – MakeMyTrip HDFC Bank ForexPlus Card for travel purpose Regalia ForexPlus Card for frequent travelers Multicurrency Platinum ForexPlus Chip Card for business, travel and others ISIC Student ForexPlus Card for Students Hajj Umrah Card for Pilgrims According to the …
You have seen multiple news regarding illegal forex trading scams busted by police in the newspaper. You can see a few of them in the snapshot below. On the other hand, advertisements of various forex brokers attract you to make a fortune with forex trading. Thus, confusing a regular investor, if forex trading is legal …
Is Forex Trading Legal in India in 2022 (Get Answer Based on Facts) Read More »
Before we start discussing the best forex card for students in India, let me tell you an important tip about forex cards usage. You can claim a new ticket cost-free of cost using your forex card if you miss a connecting international flight due to a delay in the arrival of the first international flight. …
The forex markets are open 24 hours for 5 days a week (Mon-Fri) as per IST (Indian Standard Time) and you can trade any time using the forex trading app. But, you can’t expect all hours of the day to be profitable. Because in the forex market, profitable hours are considered when currency pair prices …
As per the research from the Bank for International Settlements, forex’s daily trading volume is around $5.1 trillion making it larger than other financial markets including NYSE. Forex trading is a highly active investment segment where you need to be very vigilant about the market movements, so having an efficient smartphone app is bliss so …
OctaFX is a global forex trading company that is getting popular in India because of low initial deposit amounts, higher leverage, and low brokerage. OctaFX is among a few forex brokers that allow you to deposit money via UPI or PayTm from India. We are going to review OctaFX in detail to answer all your …
OctaFX Review 2022 – Features, Benefits & Trading Platform Read More »
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