Posts

Fxview Sheds Light on Technology Enablement - FinanceFeeds

Image
Traders gain control over their activity and capital with low-latency execution. Fxview , a Forex and CFD brokerage owned by Finvasia Group, is determined to reshape the retail brokerage sector by adopting a technology-first approach. The broker prides itself on offering cutting-edge, personalised trading solutions that meet every trader's needs. Thanks to its low-latency execution engine, Fxview can execute high-volume orders in milliseconds, allowing traders to benefit from the best bid-ask pricing. Although technology is at the core of its operations, the broker also offers the tightest spreads, which start at 0.0 pips. This translates to greater accessibility to opportunities and low-cost portfolio diversification, which have been on the company's priority list since the beginning. Tajinder Virk, Finvasia Co-founder and CEO, as well as the main figure behind Fxview, said: "Our mission is to make trading accessible to everyone, regardless of their background or financia...

Turkish lira falls to record low near 19 to the dollar - Reuters.com

Image
ANKARA, March 9 (Reuters) - Turkey's lira weakened to a fresh record low of 18.9620 against the dollar on Thursday, as investors weigh the economic impact of massive earthquakes that hit the country last month. Presidential and parliamentary elections scheduled for May 14 are adding to uncertainty. They will determine whether Turkey continues with unorthodox policies under President Tayyip Erdogan or reverts to orthodoxy as promised by the opposition. Separately, Turkey's Treasury said on Thursday it had borrowed $2.25 billion in a eurobond issue maturing in 2029, bringing the amount it borrowed from international markets to $5 billion this year. The yield to investor in the latest issue was 9.50%, down from 9.75% in the eurobond issued in January, the Treasury said, adding that demand was more than triple the amount issued. More than a third of the amount issued was sold to investors in the United Kingdom and more than 20% to those in the United States, it said. The lira has b...

The Best CFD Trading Platform in Australia - TheBull.com.au

Image
Introduction to Contracts for Difference (CFDs) Stock trading is a popular investment option in Australia, with many people choosing to buy and sell shares as a way to try to build their wealth. The Australian Securities Exchange (ASX) is the primary stock exchange in the country, with over 2,000 listed companies offering shares for trade. One popular form of stock trading is contracts for difference (CFDs), which allow traders to speculate on the price movements of a wide range of financial instruments without actually owning the underlying asset. CFD trading is popular in Australia due to its flexibility and accessibility, as well as the potential for high returns. In this article, we will discuss some of the top CFD brokers in Australia, highlighting the benefits of each platform and providing key stats to help you make an informed decision when choosing a broker. Whether you are a seasoned trader or just starting out, finding the best CFD trading platform in Australia i...

Tradenet Review 2023: The Best Way to Learn Day Trading? - Modest Money

Image
What is Tradenet? Tradenet is an educational platform and  paper trading platform wrapped into one. Founded by Meir Barak (the author of the trading book "The Market Whisperer") in 2004, the website hosts a variety of resources for users to take advantage of. Although the majority of the services offered by Tradenet are paid services, it does offer free services as well. This makes Tradenet approachable to newer traders who want to see if the platform is right for them before investing any money. In addition to educational courses, Tradenet also offers 1-on-1 coaching, mentorship programs, and personal coaching services. Learn More About Tradenet Features Next, let's take a closer look at the individual services that Tradenet has to offer. Remember, many of these services are available as stand-alone products and as part of a package. You should always take an in-depth look at each offering to see which option will work best for you. Courses Tradenet offers edu...

New historic low in Indian rupee. Euro near par against US dollar | Mint - Mint

Image
The rupee hit a fresh historical low of 79.66 against the US dollar today in the backdrop of a broad rally in US dollar. The dollar index, which tracks the currency against a basket of six peers rose to 108.3, the highest since October 2002. The weakness in Euro is a big part of the dollar index's push higher, with the safe-haven appeal of the US currency also attracting investors amid growth worries elsewhere. The rupee declined 15 paise to close at a new lifetime low of 79.60 as domestic equity benchmark Sensex fell about 500 points.  The euro hovered close to a 20-year low near parity to the dollar amid concerns that an energy crisis could tip Europe into recession. Widening trade deficit, decline in the foreign exchange reserves and higher global energy prices are also pushing the rupee lower, said Rahul Kalantri, VP Commodities, Mehta Equities Ltd. "We...

Investopedia's 2023 Best Online Brokers Awards - Investopedia

Image
2022 may be remembered as the year the music stopped, or at least paused, for online brokers and their clients. After a torrid 2021 brought millions of new traders and investors into the market amid a surge in asset prices along with manias around meme stocks and crypto, the bear market of 2022 brought an icy wind across the industry. Online brokers were forced to play defense and rely on the fundamentals to keep their customers from panic-selling, while maintaining engagement. Education took on a more important role, as did expanding offerings to help protect portfolios and capture yield as conditions improved. Reliability was, and always is, a key performance metric for online brokers, and many of them were put to the test again. For many investors, especially younger ones, financial conditions have radically changed, presenting challenges and opportunities they have never experienced. Relatively high inflation, rising interest rates and tightening money supply are ...

Sri Lanka to relax currency band as it moves towards market driven ... - Reuters

Image
COLOMBO, March 3 (Reuters) - Sri Lanka will relax its currency band from next week, its central bank said on Friday, as part of efforts to move towards a market-determined exchange rate as it seeks to secure a $2.9 billion bailout from the International Monetary Fund. The central bank also raised interest rates by 100 basis points to tackle inflation now running at 50% as the country endures its worst financial crisis since independence from Britain in 1948. The currency band was widened earlier on Friday to 10 rupees either side of the spot rate, from 7.50 rupees previously, but Central Bank Governor P. Nandalal Weerasinghe said guidance on the currency band would be removed from next Tuesday. The central bank has been fixing the spot rate daily but did not say whether it would continue to do so after Tuesday. "The central bank has seen gradual improvement in the forex liquidity in the banking sector. We are careful to contain excessive volatility," Weerasinghe said, adding ...