Stock Markets

Indian stock markets ended the day on a positive note following the Railway Budget. The stock markets welcomed the initiatives in the Railway Budget including plans to improve infrastructure.

The stock index trimmed all its losses and climbed up into the positive amid volatility. Banking, capital goods and power stocks remained in limelight all-through the day.

Forex Update

GBP/USD Sinks after Negative Data Stream

The Cable is reacting negatively to the negative unemployment data points from both the U. S. and EU. Additionally, Britain's construction PMI contracted from its previously release, coming in below analyst expectations.

The positive sentiment the Pound has garnered over the past couple months has been dented by the disappointing GDP and current account data released earlier this week. Additionally, we've recently seen key British data points, such as today's construction PMI number, take a step back from their recovery uptrend.

Forex reserve up $932 mn

Owing to revaluation of currencies, India’s foreign exchange reserves went up by $932 million to $264.58 billion during the week ended June 26, according to the Reserve Bank of India data. Gold and special drawings rights remained unchanged while the reserve position in the International Monetary Fund went up $8 million to $1.25 billion.

Choosing a Forex Trading Robot part II

Deciding for an automated Forex trading system, best known as FX Robots, is all about two important things:

1. Costumer trading needs.
2. Robot’s compatibility with desired Broker.

What do I mean by costumer trading needs? when I talk about this I refer to the robot’s capabilities or specifications: Is this robot able to trade with this currency pair?, Am I able to configure “x” parameter to what I need?

When someone decides to go into this market he already has some ideas around which he would like to make his movements. Finding a robot that’s around this ideas also is the best thing to do. For example, a trader wants to start trading with an specific currency pair, EUR/USD, so he will be searching for a robot like Forex Megadroid to do so, why?, because like everything on this planet, when we want to do something in specific, like fixing a car, we look for someone or something that’s specialized on that thing, we don’t call an Engineer to fix a car, we call a Mechanic. Engineers can know about cars, but Mechanics will surely know what’s going on with the car. And that’s exactly what happens with robots.

It’s clear that people can use whichever robot they want to do a trade, but when they encounter with a situation in which they want to trade with an specific parameter, like timeframe or a currency pair (continuing with the example of EUR/USD), they shouldn’t be looking for an all-around robot like FAPTurbo, they should go for a more specific one, in this case, Forex Megadroid. And this apply all the way around if diversifying is what the trader is looking for.

The other key piece of the puzzle is the “Robot’s compatibility with desired Broker”, what is this? people that is into this market know that choosing a broker is one of the most important steps of Forex Trading. What would happen if the broker you chose isn’t compatible with the robot you’re using? It would be terrible. You wouldn’t be able to start an account with the amount of money you wanted, you wouldn’t have access to the leverage you needed and, even more dramatic, you couldn’t trade with the pip spread you expected.

The are to possible options in this situation, the first one is kinda obvious: find another robot. The second one is a little more interesting: knowing that you won’t be able to find a robot that works with the broker of your choice, you can always find a nice robot and put it to work in any broker, and instead of using the robot as your primary trader, you could use the robot as a role model and repeat the actions it took on the broker you like, only if you’re agree with them. In this way you’ll win, you’ll have the assistance of an FX Robot and all the advantages of your chosen broker.

So my recommendation is to have these tips in mind when the time has come to choose a Forex Trading Robot and know that even if you’re planning to use bots as primary income you can never enter to this market blindfolded, knowing what to do, even if it’s not you who’s doing it, is the key to your success.

Reasons why invest in the Forex Market

In recent years, investors of all categories and all countries have dramatically increased their participation in the currency markets. Why? Here’s a summary of the 8, plus an additional, reasons why investors are so attracted to the Forex market:

Reason #1: The world’s most liquid market

The Forex market can absorb such huge transaction volumes that the ability of any other financial market is negligible when compared with this market. In other markets like the stock market, low liquidity of some actions causes investors often have to liquidate their positions at an unwanted price. On the contrary, in the Forex market exists such high liquidity that investors have the possibility to open or close orders any time they want at whichever price they want.

Reason #2: Transparent market

Given the multimillion-dollar negotiation that takes place every day in the currency markets, it is virtually impossible to manipulate the market. This makes Forex a secure market for professional racers.
Reason #3: Continued negotiation market

Something that’s fascinating to participants in the Forex market is its 24 hours nature. There’s no schedule for opening or closing; Investors can operate during a run time of 24/5.

Reason #4: Market without forced deadlines

Participants from other financial markets are constrained by having to adhere to a particular horizon in time. In the Forex market, however, a position can remain open as long as the investor deems necessary.

Reason #5: Market without implementation costs
Historically, the Forex market has not received commissions for services, except for a natural difference between the buying and selling (spread rate).

Reason #6: Market identifiable trends

For various historical periods, currencies have shown substantial and identifiable trends. The fact that each individual currency offers a historical pattern of well-defined trend, facilitates the establishment of strategies for profitable capital.

Reason #7: Market of dual direction

Unlike other financial markets, the Forex market is one of two directions. That is, investors can earn either when the market rises or fall.

Reason #8: Leveraged Market

This allow Forex participants to control much larger amounts of capital with just a little investment. The leverage regularly offered is of 1:100.

Additional Reason: Automated Trading Software (FX Robots)

FX Robots are automated trading systems that facilitate the job for people that uses them. They just need to be configured and they’ll start trading based on market trends analysis, statistics and mathematics. FX Robots are extremely accurate and they can be used as primary income (mostly for newcomers to the Forex market) or as models to follow or to check decisions.

Common mistakes made when investing in the Forex Market

Learn how to make an investment in Forex is not enough to succeed. Just knowing how to invest and which are the most common currencies of investment, as the U.S. Dollar, Euro, etc. are just the basics of investing. Knowing when to invest and what to invest in are two of the most essentials things to success in FX trading. But, why people that knows all these stuff still lose money? Here are some of the most common errors people make when trading in the Forex Market:

Know nothing about the market in which people is investing

Anyone who wants to invest in Forex should know that the market is influenced by external factors such as political movements, speculation, interest rates, economic policies like increasing exports of a significant product, news global influence on the value of a currency, and so on. All these are essential facts of reality that influence the price of a currency. Along with this, it is extremely important to learn about the stories of behavior of the currencies and the factors that influence them.

Many people face the market without knowing anything about its past and behavior, just having in mind the basics of trading getting stalled on just numbers and trends. Believe Forex Market goes beyond that line.

Risking too much on the transactions

The desire of wanting to achieve very high profits in operations leads many of the investors to risk more than they should. Be careful with the capital being negotiated, because greed can lead to run out of anything. Once more diversified operations is most advisable to avoid risking all at once.

Not taking risks at all

Contrary to the previous mistake, not taking risks at all is also a huge mistake made by many investors. Invest carefully is probably the safest choice to make, but this could also lead to nothing. Taking calculated risks is the best way to operate in this market, and by calculated I mean: follow trends, do some math, read about the market in question, and know always where the risk taken can lead if everything goes wrong.

Not taking into account the possibilities

It must be realized that in this market if someone buys, someone else is selling what he just bought. Who sells is because he think prices will go down and who buys is because he is convinced they will rise. Not only the gain that can be obtained at each operation must be taken into account but also the loss.

Lack of knowledge and experience

Most of the time people enter to this market, like I said before, knowing nothing but the basics. This is definitely NOT enough. There’s a lot of research that needs to be done: read articles published by experienced investors, books, etc. It is also a great help to follow an experienced investor’s journey, there are many of them who create blogs about their journey in this market; but most important of all, find someone to advice you and keep in mind that great traders aren’t created from one day to another.

Copying strategies

A big mistake is to copy the strategies of someone with much experience. Why? Yes, it’s true that if they have so much experience they should be incredibly successful, but it is also true that their strategies are unique and probably impossible to completely copy, and trying to do so will lead to nothing since it has to be taken into account each person goals, objectives and the capital in negotiation.

Not having a Forex Trading System (Forex Robot)

Forex Trading Systems have become extremely popular among traders, this robots can be used in two different ways: the first one is to use them as primary income makers, which could also be a mistake if the investor trusts the software too much. And the second way is to have the robot to compare thoughts, create more ideas on how to move in the market, use it as trend and numbers analyzer and also use it to trade when you can’t. This is the best way to use a Forex trading software, people get all the benefits, filtering all the flaws.

Investing in Forex is an art, and like all arts it needs patience, knowledge of the instruments, commitment, study, learn and do business with a right attitude. It is a really tricky market and just knowing how to trade won’t do it. There’s plenty of things to learn and you have to have it in mind, like I said before, great traders aren’t created from one day to another, there’s a lot of hard work, wins and losses in the way. And speaking of wins, here are some tools for you to avoid making the mistakes other people make and start winning:

WhereTo Trade

Today one of the most attractive markets for speculative trades is Foreign Exchange Currency Market - FOREX. It is the largest market in the world with the daily turnover of $1.5 trillion. This is more than the daily turnover of the world’s largest exchanges.

Forex is not located on a single exchange: it is functioning through the electronic net, connecting large banks, numerous financial funds, international corporations, and brokerage houses.

All the day round Forex handles the exchange of different world currencies.

In the past Forex market used to be available only for those who were able of spending hundreds of thousands US dollars.

But the swift development of Internet technologies gave a chance for individual investors with small capital to trade on Forex directly from their own computers.

A trader with small capital can easily get the necessary informational feed on the same level with all the largest participants of this market.

As the daylight wakes the cities of Tokyo, Hong Kong, Singapore, Bombay, Frankfurt, Zurich, London, New York, the financial centers of New Zealand and Australia; they all start the great global rush for the profits on Forex.

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24 hours a day.

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5 days a week.

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Daily turnover of $1,5 trillion.

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Superliquidity.

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The usage of leverage trading.

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Make profits on «bullish» and «bearish» markets.
All This Is Forex!

No other market in the world gives you such a great variety of possibilities as Forex.
The answer to “Where to trade?” is evident.
We recommend Forex for reaching the highest level of success in speculative trades.
Forex Market - The Best Place To Make Big Money From Trading.

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