The foreign exchange market (forex, FX, or currency market) is a global decentralized market for the trading of currencies This includes all aspects of buying, selling and exchanging currencies at current or determined prices. Having a Forex Made Easy Program will not in any way make you a better trader than you are now, nor will it guarantee a sure fire way to make profits for every trade deal that you make, but will only serve as your guide on what proper course of actions to take in certain scenarios.
Past performance is no guarantee of future results and FXDD specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer.
I think none of us, who read the article and comments here, want to cheat the government to hide the taxes ; but the government policy ( actually RBI ) is forcing us to do so. Even if we say to RBI that we haven’t invested a single paisa but we want to withdraw money from forex and want to pay tax, if required, then also the government will NOT accept it and we will find ourselves in jail with non-bailable offence.
If you need clean data to backtest strategies as precise as 1 minute interval, I would suggest to get a clean data source like They have both forex and stocks and it is ideal data for backtesting as they put their data in yearly files and simple to download from their site.
The patterns and also trends you will see are generally directly correlated to be able to human psychology and how they react while circumstances around these change.A lot of forex traders give a high regard for these technological analysis strategies.
Forex trading involves the buying and selling of two currencies – trading pairs – you are selling one and buying another eg you may use the US dollar to purchase British pounds – if the supply of the pound lessens – it will cost more dollars to buy pounds – the Forex trader hopes to sell their pounds at a higher price than the purchase price.
So, a quantitative approach to implement intermarket analysis, which has been the basis of my research since the mid-1980s, is neither a radical departure from traditional single market technical analysis nor an attempt to undermine it or replace it. Intermarket analysis, in my opinion, is just the next logical developmental stage in the evolution of technical analysis, given the global context of today’s interdependent economies and financial markets.
The volume of transactions done through Foreign Exchange Companies in India amount to about USD 2 billion 72 per day does not compete favorably with any well developed foreign exchange market of international repute but with the entry of online Foreign Exchange Companies like FXKart , BookMyForex , BuyForex and others, the market is steadily growing Around 25% of currency transfers/payments in India are made via non-bank Foreign Exchange Companies.
The steady growth of the Indian economy and diversification of the industrial sectors in India has contributed significantly to the rapid growth of the Indian Forex market the main centre of Foreign Exchange in India is Mumbai, the commercial capital of the country and other centers including the major cities like Kolkata, New Delhi, Chennai, Bengaluru and Cochin.
The retail forex industry has been brought up on the fact that FX is worth $2 Trillion in volume every single day (in reality only a fraction of this comes from private speculators, the vast majority is generated by large banks and multinational corporations).
We have discussed the interesting career of Joel N. Ward in the section on Forex HYIP , but to prove how worthless the words and the assumed character of these fraudsters can be, we will just repeat here that this convicted fraudster would sometimes appear on the most reputable financial news channels and newspapers to discuss the ethics of retail forex brokerage and how irrational the expectations of trades were.