Forex Broker Reviews

India’s broad index, Nifty- 50 slid about 8 percent from the all- time highs of 11171.55 realized towards the end of January this year.

Nifty slid close to 3 percent for the week ending 10th February, extending its decline to more than 5 percent for the month on the back of a global slump in equities.

The Nifty rallied to fresh peaks last week to settle above 11,000, surging close to 2 percent for the week and 5.5 percent in January.

The Indian equity markets are in a bull- run since the start of 2016 with the primary Stock Index ‘Nifty’ rising more than 51 percent from the lows of February 2016.

Before taking a look at some of the common mistakes committed by FX traders, a quick summary of the FX markets-

Manufacturing PMI in the US rose to more than 2 year highs in June on the back of rise in employment, new orders and production. The monthly data released by ISM came in at a better than expected 57.8 from 54.9 in May. However, the index measuring inventories slipped to a 3- month low.

Every trader has a unique trading style and preference when it comes to analysing charts. However, it can be quite perplexing when it comes to choosing charting softwares, with the likely exception being FX traders.

When the Bretton Woods Agreement collapsed in 1971- 1973, gold was pegged at around $35- 40 a troy ounce to the greenback. Since then, the precious metal has risen close to 3500 percent in 45 years.

The difference between a successful trader and an unsuccessful one is not the disparity in their profits at the end of the day; it is the consistency in applying their trading principles...