Forex Trading Platforms

Until recently, the idea of managing stocks and shares from your mobile device – in effect, having a dealing room in your pocket – would have seemed fanciful.  But today's smartphones are making this a reality. Private investors are increasingly using trading apps, not just to execute the occasional transaction, but to run entire portfolios. Whether you're new to buying shares or a seasoned stock market investor, here's a look at the rise in trading apps and how to choose one to suit your needs. Remember: investment is speculative, and as an investor your capital is at risk. This means you might lose some or all of your money. Which trading app should I pick? Keeping the amount that you pay to trade and invest  to a minimum will end up boosting the returns made by your underlying investments.  But, as with so many decisions to do with our finances, when it comes to choosing a trading app, there's...

The Reserve Bank of India's (RBI) intervention in the foreign exchange market for protecting the Indian rupee seems to be pushing shorter rates to multi-year highs. In recent weeks, the rupee has hit a series of record lows and even breached the 80 mark against the US dollar. Kanika Pasricha, an economist at Standard Chartered Plc in Mumbai said, persistent FX intervention to cap rupee losses and elevated government cash balance may probably keep liquidity tight and rates elevated in the short term, as per a Bloomberg report. On Wednesday, the government's borrowing costs for a three-month Treasury bill jumped to their highest in three years at an auction, while the weighted average call rate, an interbank overnight rate zoomed to a level last seen in 2020, at 5.09%. Further, in the report, Saugata Bhattacharya, chief economist at Axis Bank said, that government spendin...

KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on May 18, 2022 (Wednesday). Source: Forex Association of Pakistan. (last update 09:00 AM) Currency Symbol Buying Selling US Dollar ‎USD 194.9 197.15 Euro EUR 198.5 200.5 UK Pound Sterling GBP 233 235.5 U.A.E Dirham AED 52 52.5 Saudi Riyal SAR 50.25 50.6 Australian Dollar AUD 131 133 Bahrain Dinar BHD 386.5 388.5 Canadian Dollar CAD 144 145.5 China Yuan CNY 23.55 23.95 Danish Krone DKK 23.65 23.95 Hong Kong Dollar HKD 16.6 16.85 Indian Rupee INR 2.03 2.1 Japanese Yen JPY 1.41 1.44 Kuwaiti Dinar KWD 481.85 484.35 Malaysian Ringgit MYR 36.75 37.1 New Zealand Dollar NZD 96.85 97.55 Norwegians Krone NOK 17.5 17.75 Omani Riyal OMR 392.95 394.98 Qatari Riyal ‎QAR 39.9 40.5 Singapore...

Stock Market Highlights : Indian equity benchmarks BSE Sensex and NSE Nifty50 fell on Monday, halting a five-day winning streak, dragged by oil & gas, auto and financial shares though. Globally, nervousness persisted among investors ahead of a key Fed rate decision due this week. Broader markets also bore the brunt of overall weakness on the Street, with the Nifty Midcap 100 and Nifty Smallcap 100 indices falling 0.1 percent and 0.6 percent respectively. First Published:  Jul 25, 2022, 07:43 AM IST

U.S. annual PCE inflation data posts largest gain since 1982 U.S. labor cost index rises in Q2 U.S. fed funds futures see rate peak in February post-data NEW YORK/LONDON, July 29 (Reuters) - The dollar rebounded from a three-week low in choppy trading on Friday, as a round of U.S. economic data suggested that inflation continued its red-hot rise in June, keeping the Federal Reserve on track to raise interest rates as aggressively as it deems necessary. The yen fell from six-week peaks against the dollar as investors digested Friday's data, which showed U.S. inflation perked up in June. The personal consumption expenditures (PCE) price index jumped 1.0% last month, the largest increase since September 2005 and followed a 0.6% gain in May. In the 12 months through June, the PCE price index advanced 6.8%, the biggest gain since January 1982. The PCE price index rose 6.3% year-on-year in May. read more Excluding the volatile food and energy components, the PCE price index shot up 0.6%...

For Quick Alerts ALLOW NOTIFICATIONS   Personal Finance oi-Kuntala Sarkar | Published: Friday, July 8, 2022, 5:00 [IST] Renowned brokerage firm Emkay Global has recommended these three below-mentioned small and mid-cap private banks' stocks to buy. Stocks to buy The current market price of City Union Bank is Rs. 140. The market capitalization of the bank is Rs. 104 bn. The brokerage firm is expecting a 13% Return on Equity (RoE) in FY 2023. The bank's 52-week high share price is Rs. 183.95. City Union Bank recently mentioned that it will raise Rs. 500 crore from the qualified institutional players (QIP), and in the next annual general meeting (AGM) the bank will seek shareholders' approval. The stock's share price has surged by around 9.34% in the past 5 days, although it remained bearish in the l...

The portrait of Mohammad Ali Jinnah on a one thousand PKR banknote. Photo: Bloomberg Creative Photos / Gettyimages Pakistan's rupee ( PKR ) is trading at a record low against the US dollar ( USD ) after its worst weekly fall since 1998 as the country faces a shortage in foreign currency reserves, slowing economic growth and political instability. Ratings agency Fitch downgraded Pakistan's credit rating outlook last week to negative from stable, while affirming its Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at 'B-'. That added further downward pressure on the currency along with the government's dollar-denominated bonds and the stock market. Pakistan's foreign currency reserves have been falling since January on a combination of a growing current account deficit, requirements for external debt repayments and a lack of foreign inflows. The rupee has shed 24% of its value against the dollar since the start of the year, with strength in the...

When searching for Forex brokers online, there are plenty of choices available. The amount of choice can be overwhelming sometimes, which is why many investors are searching for the best forex brokers for Indian traders. Many Indian investors will be keen to start investing as soon as possible, but investors must consider some factors beforehand. Comparing the options available ensures that Indian investors find a well-regulated website that offers low deposits and plenty of educational materials. Making money from Forex can be time-consuming and challenging, but those with the right expertise using the right broker will find plenty of benefits to enjoy. Challenges will incur when investing in Forex but carrying out research beforehand means a proactive contingency plan can be implemented. Although every investor will have their own requirements when searching for a broker, those wanting some guidance when searching for a suitable platform may want to consider one of the fo...

KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on June 19, 2022: Buying: Rs 57.00 to the UAE Dirham Selling: Rs 57.90 to the UAE Dirham The buying rate means an exchange company or a bank buys foreign currency from a customer. The selling rate means an exchange company or a bank sells the foreign currency from a customer. The rate has been updated at 10:31 AM Pakistan Standard Time (PST). The UAE Dirham /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand. Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data. READ MORE: Pakistani Rupee to UAE Dirham on June 18...

The Indian rupee breached the psychologically significant exchange rate level of 80 to a US dollar in early trade on Tuesday. It recovered some ground to close at 79.90. Since the war in Ukraine began, and crude oil prices started going up, the rupee has steadily lost value against the dollar. There are growing concerns about how a weaker rupee affects the broader economy and what challenges it presents to policymakers, especially since India is already grappling with high inflation and weak growth. What is the rupee exchange rate? The rupee's exchange rate vis-à-vis the dollar is essentially the number of rupees one needs to buy $1. This is an important metric to buy not just US goods but also other goods and services (say crude oil) trade in which happens in US dollars. Broadly speaking, when the rupee depreciates, importing goods and service becomes costlier. But if one is trying to export goods and services to other countries, especially to the United States, India...

The value of the euro relative to the U.S. dollar hit a two-decade low on Wednesday — and that's good news for Americans traveling to Europe this summer. A favorable exchange rate means travelers' dollars will go further when making purchases abroad. "Right now, your money goes further in Europe than it has in quite a few years, and it's a great time to have that dream trip you've been putting off to Italy, France or Spain," said Kate McCulley, a travel writer who lives in the Czech Republic and publisher of travel site AdventurousKate.com. Parity approach 'is like getting a 15% discount' Not all European countries use the euro — it's the official currency for 19 out of 27 European Union members. Those countries are: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and Spain. The euro hit parity with the U.S. dollar Wednesday morn...

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Reviews / Investing GOBankingRates Score There's more to investing than just stocks and crypto, and TradeStation is a platform that permits users to trade not just stocks, Exchange Traded Funds (ETFs) and crypto but also options and futures. The platform also offers mutual funds and bonds, and users can also access IPOs, which not every trading platform allows. Usability Trading Experience Trading Products ...