News Muncher - searching for traders

Why Funded Firm is Trusted by Over 97,000 Forex Traders Worldwide

New Delhi, December 05: In the competitive world of forex trading, having access to the right resources and capital can make all the difference between success and failure. Funded Firm has quickly become one of the most trusted platforms for forex traders by offering a unique model that provides funded accounts, expert support, and advanced trading tools. By offering access …

Leader of gang that duped forex traders arrested in Bengaluru

MUMBAI: The Mumbai crime branch has arrested the mastermind behind the racket in which several forex traders were duped by men posing as rich individuals in need of foreign currency. In March this year, the police arrested three people, including a Bollywood make-up artist who allegedly took $60,000 from a forex trader in Santacruz and fled from the hotel. In …

MUMBAI: The Enforcement Directorate has taken a few hawala operators specialising in crypto-currencies under its scanner as part of its money-laundering probe against a Dubai-based businessman and others who are accused of ₹100-crore fraud that involves the use of dubious financial schemes and forex trading to lure investors. The hawala traders under the scanner were allegedly used by the case’s …

If you will trade the forex market, you should consider reading forex news. It includes news about economic indicators, monetary policy decisions, geopolitical events, and other factors influencing currency exchange rates. Numerous factors, including economic indicators, monetary policy decisions, geopolitical events, market sentiment, and supply and demand dynamics, determine currency exchange rates in the forex market. Traders and investors in …

Stepping into the colossal universe of Forex trading can seem like navigating through a perplexing labyrinth for both novice and seasoned traders alike. This is where Introducing Brokers, or in trading vernacular, "IBs", become the unsung heroes of your Forex journey. Unlocking the Enigma of IB Forex Navigating through the maze of "ib forex" trading, the concept of Introducing Brokers …

Traders

Updated List of Best Forex Brokers for 2023 by Traders Union

Choosing the right Forex broker is a crucial step for any trader, whether you're a beginner or a seasoned professional. That's why Traders Union has conducted thorough research to present the top Forex brokers for 2023. By choosing the right company from the Traders Union's top picks, users can have peace of mind knowing they are using a trustworthy platform …

Pakistan has just $11.4 billion in reserves – enough to pay for just three weeks of imports, traders and economists say Karachi: Pakistan’s central bank forex reserves have plunged to an eight-year low of $5.6 billion, posing a serious challenge for the country in financing imports. Coupled with another $5.8 billion held by commercial banks, the nation has $11.4 billion …

Why are interest rates important for forex traders?

A key factor that influences the foreign exchange market is the interest rate changes made by major central banks such as the Federal Reserve of the United States, Bank of England, and the European Central Bank. Impact of interest rate changes When the interest rates are hiked, the forex traders want to buy the currency and its exchange rate rises. …

Forex Traders

Traders usually make money, or look forward to making money, by buying stocks at low prices and selling them at high. There is, however, one strategy – currency arbitrage -- where traders buy and sell at the same time at different prices to make money from the variation in prices at which two transactions are carried out. A currency arbitrage …

Foreign exchange traders said sustained foreign fund outflows, heavy selling in domestic equities, and elevated crude oil prices weighed on investor sentiments Mumbai: The rupee tanked 102 paise to close at 75.63 against the US currency on Thursday as riskier assets took a hit after Russia launched military operations against Ukraine. Forex traders said sustained foreign fund outflows, heavy selling …

Ideal Market Timings For South African Traders Vis- -vis World Forex Markets

India's $600 billion in reserves should help it fight market volatility from any U.S. monetary tightening, but analysts and traders warn a slowing economy and an expanding fiscal deficit still make it particularly vulnerable to capital flight. While India's increased currency reserves are expected to boost resilience this time -- $604 billion now compared with $270 billion in 2013 -- …