Rupee settles 57 paise higher at 75.09 against US dollar - The Siasat Daily

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• Rupee settles 57 paise higher at 75.09 against US dollar - The Siasat Daily
• Best forex trading app of 2020: trade and invest on your Android or iPhone - TechRadar
• What are currency options and how do you trade them? - IG
• Best Forex Trading App of 2020 for iPhone and Android - Emirates Business 24/7

Rupee settles 57 paise higher at 75.09 against US dollar - The Siasat Daily Posted: 30 Apr 2020 02:53 AM PDT Mumbai: The Indian rupee surged 57 paise to close at 75.09 (provisional) against the US dollar on Thursday, amid higher domestic equity markets and a weak American currency in the overseas market. Forex traders said a positive start of domestic stocks supported the local unit. Moreover, investor risk appetite is improving as India could relax restrictions in many areas from May 4. This is the fourth consecutive day of gain for the rupee, during which it has appreciated by 137 paise. At the interbank foreign exchange, the rupee opened at 75.17. During the session it touched an intra-day high of 74.94 and a low of 75.20. The domestic unit finally settled at 75.09, registering a rise of 57 paise over its previous close. On Wednesday, the local unit had settled at 75.66 against the US dollar. Traders said fears surrounding COVID-19 faded to some extent after an antiviral drug showed promise in treating coronavirus patients. "Also, several countries are easing lockdown restrictions which means the economies will start to get back on track," said Rahul Gupta, Head of Research- Currency, Emkay Global Financial Services. Gupta further said, "there is still risk of a second wave of infection and India's macros are not attractive enough to bring in heavy dollar inflows. Thus, going ahead USD/INR spot may trade above the support of 74.50 towards 75.50/76.00". Meanwhile, domestic stock exchanges were trading on a positive note with benchmark Sensex trading 830.25 points higher at 33,550.41, and the Nifty up by 248.80 points at 9,802.15. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.06 per cent down at 99.50. Brent crude futures rose 7.59 per cent to USD 24.25 per barrel. Source: PTI Get the latest updates in Hyderabad City News, Technology, Entertainment, Sports, Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download our app for Android and iOS.

Best forex trading app of 2020: trade and invest on your Android or iPhone - TechRadar Posted: 15 Nov 2019 12:00 AM PST The best forex trading apps have become increasingly accessible through the use of apps for mobile devices, such as smartphones and tablets.  This is especially useful when, in today's interconnected world, the foreign exchange market plays an important role in daily business. It's a global, decentralized environment where financial institutions and businesses can trade currencies. According to research from the Bank for International Settlements, forex trading generates an estimated $5.3 trillion daily - making it larger than other financial markets. Often, it's dominated by large international banks and corporations, which work around the clock to trade and convert international currencies.    Forex trading also underpins international trade and investments. For instance, if American companies want to import goods from a country in Europe, they'll most likely need to complete transactions in euros. Through forex, these firms can exchange dollars for euros quickly and easily.  As well as enabling trade between countries, forex trading is a lucrative investment opportunity. Every day, companies and investors make billions by purchasing and trading currencies. However, it does take a significant amount of experience and skills to make forex trading work. That's where forex trading platforms comes into the picture, automating this common business practice. Essentially, these will search through the market for the best currency trading opportunities. And in this article, we've picked out the best forex trading platforms around. Want your company or services to be added to this buyer's guide? Please email your request to desire.athow@futurenet.com with the URL of the buying guide in the subject line. Best platforms for forex trading - at a glance Forex Time FXTM Stock Trainer Trade Interceptor MetaTrader TD Ameritrade (Image credit: FXTM) 1. Forex Time FXTM An automated forex trading platform Automated forex trading  Fully regulated  Used worldwide  When choosing any financial management platform, it's important to look for trustworthy providers. Used by traders in more than 180 countries and fully regulated, ForexTime's FXTM software is a reliable platform for foreign exchange trading. It's positioned as an automated currency broker.  The great thing about this platform is that it's designed for professionals and beginners. For example, flexible leverage lets you increase your earning potential, but this is only offered to you based on your knowledge and experience. If you do intend on becoming an expert in this area, you can access a range of educational resources.  Currently, you can operate with both fixed and variable spreads, and when you've completed a trade, the company processes withdrawal requests within just a few minutes. You shouldn't have any issues using the software, either. All you have to do is sign up for an account, upload your verification documents and transfer funds before trading.  What's more, the software can make trades with millisecond execution rates. In other features, you can get daily commentaries from the firm's market research team and make use of a series of free trading tools to make more informed decisions. You can access the software on Windows, Mac, iOS and Android devices, and the company states that it covers 100% of your deposits up to $1,000. (Image credit: Stock Trainer) 2. Stock Trainer A forex trading platform to practice with Training app Building investing experience Android only If you're tempted to invest in the stock market and financial instruments, but don't have the confidence to do so yet, then Stock Trainer by A-Life Software could be the forex trading platform you need. The app offers a virtual stock trading experience using real market data, so you can gain experience, knowledge, and insights into the whole trading experience. Better still is that the app is quite comprehensive in terms of features, covering 20 stock markets, and providing support for stop-loss and Limit orders. There's the ability to build a portfolio, and information is provider on top gainers and losers, with chart information going back over ten years. Investing news is also provided, along with a business magazine, to provide further guidance. There are also multiple graphical interface themes available to personalize the experience. The app is available in the Android Google Play store for free, supported by ads, though a premium version is available to remove those ads. (Image credit: Trade Interceptor) 3. Trade Interceptor Forex trading platform with analysis Forex analysis tools  160 intelligence indicators  Free iOS and Android apps  If you're looking for an advanced forex trading and analysis tool, it's worth checking out Trade Interceptor. Through the platform, you can quickly find and track the best currencies and stocks to put your money in. It offers 14 advanced chart types, as well as 160 intelligence indicators and drawing tools.  The software was previously only available on desktops, but it's finally made its way to mobile devices. There's a touch-enabled trade management functionality, as well as split-screen and quad-screen modes so you can can keep your eyes peeled on several markets at the same time. Like Netdania, the app is powered by the cloud, letting you access analysis tools, trade data and price alerts from any device. It provides streaming quotes for all major forex trading, cryptocurrencies, indices, precious metals and commodities. Plus you can can access professionally curated news covering Asian, European and American markets. There are plethora of built-in trading tools too, including an economic calendar, data release alerts, a trading simulator, intelligence reports and a risk scanner. These have been authorized and regulated by the FCA in the UK and ASIC in Australia, which helps to boost customer trust. The app is free to download on Android and iOS.  (Image credit: MetaTrader) 4. MetaTrader The popular forex trading platform Multiple financial instruments Interactive charts Tools and news MetaTrader is one of the most popular trading platform apps for retail investors using Android devices, and allows for the trading of stocks, forex, futures, options, and other financial instruments from your mobile device. The app supplies general analysis of the financial markets using a range of real-time charts which includes historical information, in order to monitor prices and quotes. You can also easily switch between different financial instruments as well as both SL and TP values on charts, along with visualization of trading information. Charts are also interractive, with pinch and zoom options.  There are also a number of analytical instruments included, such as Gann, Fibonacci and Elliott tools, as well as up to date financial news. MetaTrader has recently upgraded its apps from MetaTrader 4 to MetaTrader 5. (Image credit: TD Ameritrade) 5. TD Ameritrade One of America's biggest trading platforms for forex Good educational materials Wide range of investment products Good for beginners Can be cumbersome for Forex only TD Ameritrade is one of America's biggest and more established trading platforms for stocks and shares, as well as for forex, and offers a wide range of investment vehicles for trading.  However, where it really excels is through its focus on trying to educate forex traders to help reduce the chances of them losing money. It does this through its thinkorswim platform, which provides introductory materials from the  National Futures Association, which regulate futures brokers. The information is presented in a clear and easy-to-read way, and it really does underline the risks that need to be considered. So if you're new to currency trading, you could feel better prepared and eased into managing not just trades but risk with more confidence, rather than rushing into dangerous leverages that can lose you money fast. But while that's a big plus for TD Ameritrade, it is a wide platform that covers a comprehensive range of trading products, not least stocks, futures, and options. So if you're looking to focus only on forex you may find the platform sometimes clunky by comparison to dedicated forex trading platforms, especially when it comes to comparing currency pairs.  Even still, the introductory and supporting materials are worth getting to grips with, and if you want to get involved with more than currency trading you're in an ideal place to expand your investment strategy into other products.

What are currency options and how do you trade them? - IG Posted: 06 Apr 2020 03:04 AM PDT Essentials of FX options trading Before trading forex options, there is some essential terminology that you'll need to be familiar with: Strike price – the predetermined price of the options contract that you can either buy or sell the contract for at or before expiry Expiry date – the date at which your options contract will need to be settled, but it can be closed before the expiry date arrives Premium – the fee that the writer receives from the holder for taking on the obligation to buy or sell the underlying Implied volatility (IV) – is a measure of the implied risk in an options contract, relative to the price of the underlying market. Implied volatility will affect the price of an options contract In the money – an options contract is in the money when it can be exercised for a profit At the money – an options contract is at the money when its strike price is the same or similar to the price of the underlying market – meaning it could expire with value, or worthless Out of the money – an options contract is out of the money when it cannot be exercised for a profit Learn more about options trading How do currency options work? There are two types of currency options: calls and puts. Buying a call option gives the holder the right to buy a currency pair for the strike price on or before the expiry date, and buying a put option gives the holder the right to sell a currency pair for the strike price on or before the expiry date. If the expiry arrives and the market price of a currency pair is above the strike price when buying calls, or below the strike price when buying puts, a trader can choose to exercise it. This means they can buy or sell the currency for a better price than what is currently available in the underlying market. But if this doesn't happen, a trader can let their option expire, and they'll only lose the value of the premium. As a result, buying call or put options means that a trader's upside is potentially unlimited, and their downside is capped at the premium. On the other hand, traders can also sell call options and put options – which obliges them to sell a currency pair in the case of a call, and to buy a currency pair in the case of a put. For taking on this obligation, the seller of a call or put option will receive a premium. If a trader is taking on the obligation to sell an options contract, their losses are potentially unlimited – and profits are capped at the total value of the option premium. When selling options, a trader is hoping that the price of a call option remains below the strike price, and the price of a put option remains above the strike price. There is more information about the mechanics of buying or selling call and put options below. Buying or selling call options Buying call options gives a trader the right but not the obligation to buy a currency pair for a predetermined price, at or before a set date in the future Selling call options gives a trader the obligation to sell a currency pair for the predetermined price, if the buyer executes their right to buy – and they'll receive a premium for doing so Buying call options gives unlimited upside with a capped loss, while selling call options gives an unlimited downside and a capped gain – the option premium Buying or selling put options Buying put options gives a trader the right but not the obligation to sell a currency pair for a predetermined price, at or before a set date in the future Selling put options gives a trader the obligation to buy a currency pair for the predetermined price, if the buyer executes their right to sell – and they'll receive a premium for doing so Buying put options gives unlimited upside with a capped loss, while selling put options gives an unlimited downside and a capped gain – the option premium An example of the IG options deal ticket can be seen below, with different columns for buying or selling call and put options.

Best Forex Trading App of 2020 for iPhone and Android - Emirates Business 24/7 Posted: 09 Jan 2020 12:00 AM PST Invest and Trade on your iPhone or Android With our ever more globalized economy, foreign currencies and foreign markets play an increasingly important role in domestic affairs. The foreign exchange (Forex) market is valuable because it allows businesses, institutions, and individuals to trade currencies at will. You might be surprised to learn that Forex trading is the largest financial market, with an estimated $5.3 trillion generated daily. While individual traders are successful with Forex, the landscape is often dominated by large corporations and international banks using automated trading algorithms that function 24/7. Forex trading also influences non-financial markets through currency exchange and direct investments. If a European company wants to import soybeans from American farmers, the Europeans will need to convert their euros to dollars to complete the transaction. Forex facilitates these transactions. Forex is one of the most lucrative investment opportunities partially because it is a direct investment in currency. However, it is not for the inexperienced as the speed and technical knowledge required are significant. In fact, it's nearly impossible to be successful at Forex trading without some software that automates the trading process. In short, successful Forex trading requires a level of speed that is difficult for human beings to achieve, especially as Forex is traded 24 hours a day. In other words, you NEED software to successfully perform trades even when you're sleeping so that you can take advantage of the best currency trading opportunities. Below, you'll find our top 5 best Forex trading apps for 2020. Best Apps for Forex Trading in 2020 ForexTime FXTM ThinkTrader Stock Trainer MetaTrader TD Ameritrade 1. ForexTime FXTM At a Glance Forex trading automation Highly regulated Used in 180 countries Forex time FXTM is probably the most widely used Forex trading platform in the world. Used in more than 180 countries and regulated by top-tier institutions, ForexTime is a safe and flexible choice for the majority of Forex traders. Their trading platform is available on iOS, Android, Windows, and Mac devices. Its automated tools are powerful enough to be used by professionals yet simple enough to be used by beginners. You can make trades with both fixed and variable spreads, and even use flexible leverage to augment your earning potential. (Be aware that leverage is only offered to experienced traders). Probably the strongest feature at ForexTime is their rapid execution rates. Execution rates are at the core of Forex trading and refer to the speed with which a trade can be started or completed within the system. The faster the execution rate, the higher the likelihood of you making a trade when it is most profitable. If you plan on specializing in Forex trading, you will also find ForexTimes' tools for education very useful. You'll also gain access to a series of free trading tools and training from the market research team at ForexTime. Signing up is simple and straightforward, requiring only verification documents and a transfer of funds before you're able to begin trading. If you've just completed a trade and want to withdraw your money, the company can process that withdrawal request in less than a few minutes. Download ForexTime Here 2. ThinkTrader At a glance Analysis tools 160 analysis indicators Free Android and iOS apps If you're an experienced Forex trader and you're looking for advanced tools and analysis, then you should check out ThinkTrader. With 14 advanced chart types, 160 intelligence indicators, drawing tools, advanced analysis tools, Trade Interceptor can help you track and trade the best currencies and stocks 24 hours a day. ThinkTrader used to only be available on desktops. However, its new mobile software allows you to focus on a single market, split screens for market comparison, or even use the quad-screen feature to keep an eye on multiple markets at a time. ThinkTrader offers trade data and price alerts for all major cryptocurrencies, Forex trading, precious metals, commodities, and indices. On the side of news data, information from Europe, Asia, and America are all available. Regulated by the FCA in the UK in the ASIC in Australia, ThinkTrader offers a wide variety of built-in trading tools such as intelligence reports, risk scanner, data release alerts, economic calendar, and trading simulator. The app is available on both iOS and Android for free. Download Trade Interceptor here 3. Stock Trainer At a glance Demo account Practice app Android only Profitable Forex trading requires experience, skill, and high-quality software. If you don't quite feel confident enough to take on the big banks, A-Life Software's Stock Trainer is probably for you. The app is NOT a true Forex trading app meaning that no real currency trades occur. Instead, it is a training app designed to help you gain more experience in the Forex trading environment. The app offers a variety of trading features, including limit and stop-loss orders, the ability to build a full portfolio, investing news, a business magazine, and market history over the past ten years. Again, Stock Trainer is a virtual trading app that helps you learn how to trade Forex without risking real money. The app is free in the Google Play store, with a paid version that removes ads. 4. MetaTrader At a glance Interactive charts Analytical instruments Tools and news Many available instruments Probably the most popular trading app for retail investors, especially on android devices, MetaTrader offers a wide variety of financial instruments for trading. MetaTrader also offers one of the most extensive ranges of trading options available on any mobile device. If you use MetaTrader, you can trade options, futures, indices, Forex, and stocks. Prices and quotes are monitored using general financial analysis from financial markets. These are then presented in a range of real-time charts that include historical information. If you need more detail than the default chart provides, you can pinch and zoom to interact with the charts. The analytical and news tools are also professional grade. Download MetaTrader here 5. TD Ameritrade At a glance Good for beginners Massive trading platform Trade almost anything Tricky for Forex TD Ameritrade is one of the highest reviewed and largest trading platforms in the United States. It offers investment vehicles in almost every market imaginable, not just Forex. This is both one of TD Ameritrade's strengths as well as one of its weaknesses (for Forex traders). If you want a wide-ranging portfolio involving multiple financial instruments, TD Ameritrade could be a good option for you. However, as a dedicated Forex trading platform, the TD Ameritrade interface is a bit "clunky." Dedicated Forex trading platforms have an advantage over TD Ameritrade in this area. Since they only focus on one type of trading, other Forex traders can streamline their Forex trading experience. As an example, comparing currency pairs – a fundamental task in Forex trading – is surprisingly tricky with TD Ameritrade. Another point where TD Ameritrade excels is in its educational materials for Forex traders. Many Forex trading platforms do not fully educate their clients about the risks involved in futures and Forex trading. By comparison, TD Ameritrade's library of educational materials for Forex trading is vast, complete, and highly valuable.

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