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some helphul common terms for forex traders

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Know Why Forex Cards Are Safer Than Foreign Money

Know Why Forex Cards Are Safer Than Foreign Money
How to carry funds while travelling abroad is a common question asked by travellers! You can read articles comparing Forex card, Cash, Traveller’s Cheque, Credit and Debit card, that provide enough understanding on how currency works on an international trip. Some explain in detail with respect to the cost and some with reference to convenience. But again, however you look at it, a Forex Card is the most convenient and safest way to carry money.
Planning an international trip involves finding the best airline tickets, hotel bookings and places to visit and see. So, a little heed to the benefits of prepaid forex card or multi-currency card may offer much food for thought.
Here are a few reasons why a Forex Card is the most inexpensive way to carry money while travelling abroad.

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  1. Forex Cards offer better exchange rates while loading currencies on your account than buying foreign currency as cash. Providing Forex Cards is the most economical option for banks.
  2. By default, Forex Cards are loaded with foreign currency at locked-in exchange rates. Thus making it a safe option during fluctuation of currency value in the forex market. If you add 2000 USD in your Forex Card, the value in it will still remain 2000 USD regardless of any inconsistency in INR-USD currency exchange rate.
  3. Forex cards are enabled with a chip and pin technology to safeguard the money in them. If in case a Forex Card is stolen or lost, it can be blocked at once and the balance in it will be frozen. And once the original is blocked, the secondary Forex Card can be activated and the frozen funds will be transferred to it.
  4. Forex Cards can be used to carry multiple foreign currencies at the same time, anywhere across the globe. For example, banks such as Axis, issue Forex Cards that allow you to load up to 16 mainstream currencies such.
If you want know more Reasons Why Forex Cards are Safer than Cash, visit source blog.
Source: https://yourexpertguide.wordpress.com/2019/03/14/5-reasons-why-forex-cards-are-safer-than-cash/
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The cheapest ways to buy forex

The cheapest ways to buy forex
Increase in population has made international tourism in India a bright industry. However, Indian travelers have forgotten the crucial aspect of foreign exchange. Here are a few hacks one should consider to ensure best value for their money, while traveling to other countries on business or leisure.

  • Say no to the counters at airports: The foreign exchange counters at airports provide a premium of 10 to 13% over the usual exchange rates, and this will only reduce the amount of currency one has at their disposal during their trip. A foreign exchange counter at airports is simply waiting to exploit a desperate traveler. So be smart and buy foreign currency 3-7 days before the travel, and stay away from the foreign exchange counters at airports.
  • Compare: Forex rates change on a dynamic scale and some agencies will hardly keep up with these variations. Not understanding the dynamics of forex can make one get a bad deal for the exchange, which reduces one’s ability to spend and enjoy the trip.
  • Check for RBI authorization: Not many are aware of the importance of RBI authorization. Exchanging currency at an unauthorized dealer or agent can lead to trouble after the transaction. Since most of the unauthorized dealers are suspected to be involved in scams, it is highly possible for you to get dragged into serious legal issues if you do business with such agencies.
  • Use a smarter way to carry currency: Travelers still carry cheques and it is an antiquated way to carry foreign currency. Switch to forex cards, as these cards have multiple benefits over traveler’s cheques. When encashing a substantial amount, the 3 to 5 % markup can add up to a lot of money. Using forex cards(multi currency travel money card) avoids this problem, and is a more secure and easier option.
· 80/20 rule: It is hard for a traveler to accurately estimate how much foreign currency is required. Research has shown that travelers often take less than the required amount of cash and end up using their credit/debit card, incurring large transactional costs. So, carry the required amount and maybe a little extra too.
If you want to know other Tips for Buying Foreign Currency in India, visit source blog.
Source: https://yourexpertguide.wordpress.com/2018/11/20/best-tips-for-buying-foreign-currency-in-india/

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How Exchange Rates Work and What Affects Them?

Planning to travel abroad anytime soon? Then, you would definitely need to brush up on forex currency exchange and currency exchange rates. You would need to know how to buy forex and also look up the best money exchange locations. Before that, it helps to understand what international money exchange is all about.
Essentially, foreign exchange rate is the amount or value of one currency vis-a-vis the other. What is the worth of one unit of your currency in another country’s unit of currency? So, if your country’s currency is the rupee, and you are travelling to the US, for example, what is the worth of a rupee in relation to the US dollar, and how many rupees would you need to shell out to convert it into one US dollar? That is what you would need to understand when you head out to buy forex. Foreign exchange is also the world market where currencies trade. The US dollar is still considered the dominant currency across the world, and many a time, currency exchange rates are mentioned in terms of the US dollar.
Factors that affect currency value
International money exchange rates are often dependent on a wide range of factors like change in governments, policy changes, financial decisions by governments across the world.
Inflation is also a key factor that affects exchange rates. A high rate of inflation means that there is a fall in exports and forex earnings drop. This automatically brings down the value of a country’s currency. It’s a cycle, and a drop in currency values again leads to inflationary tendencies.
A recession affects the value of currency, because interest rates dip and acquisition of overseas capital lowers.
Political instability is a key cause as well, and can create confusion and uncertainty, leading to drop in the value of currency.
Things to consider when you look for forex
Before you plan your travel, make sure what the currency in that specific country is,
To know more about How Exchange Rates Work and What Affects Them?, visit source blog.
Source: https://yourexpertguide.wordpress.com/2018/09/07/how-exchange-rates-work-and-what-affects-them/
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What Is Introducing Broker No Nonsense Forex - YouTube forex FOOREX - YouTube Forex Order Flows Between Buyers, Sellers, & Market Makers marecelo forex aulas - YouTube

FCM Forex can be found in the CySEC Public Register under Fideliscm with the license number 208/13. FCM actually stands for Fidelis Capital Markets Ltd. You can trade currencies, indices, metals, and CFDs with the broker. Platform. FCM Forex is also a fan of the greatest platform in the business which is the Meta Trader 4. Heading for a business trip to Hong Kong every year? Taking the team for an offsite in Europe? Jet-setting around the world for meetings? Travel Money India has foreign exchange for every reason. Simply convert your rupees into any leading currency of the world including Dollars, Pounds, Euros, Yen, Dirham and you’re all set! You can choose to take cash, traveller’s cheques or a prepaid FOREX.com is a registered FCM and RFED with the CFTC and member of the National Futures Association (NFA # 0339826). Forex trading involves significant risk of loss and is not suitable for all investors. Full Disclosure. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. A futures commission merchant (FCM) is an entity that solicits or accepts orders to buy or sell futures contracts, options on futures, retail off-exchange forex contracts or swaps, and accepts money or other assets from customers to support such orders. This page describes registration requirements for FCMs. FXCM aggregates bid and ask prices from a pool of liquidity providers and is the final counterparty when trading forex/CFD on FXCM's trading platform. Note: Contractual relationships with liquidity providers are consolidated through the FXCM Group, which, in turn, provides technology and pricing to the group affiliate entities.

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What Is Introducing Broker

Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. An explanation of what is introducing broker (IB) and how they earn money. For more information and free strategies visit: ib-brokers.com. Forex Trading Course (LEARN TO TRADE STEP BY STEP) - Duration: 4:00:10. bloom trading 798,372 views. 4:00:10. 5 Things I Wish I Had Known When I Started Trading Forex 🖐️ - Duration: 9:46. Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. EDIT @ 6:23 I MEANT TO SAY SELL!! . . . Now gain FULL ACCESS to the Academy for an initial payment of $100 , then $60 per month. Gain complete access to the following: - Daily Price Projections ...