Forex Trading Platforms

Stock futures were rising Tuesday to begin the last week of trading of 2023. Futures for the Dow Jones Industrial Average were rising 39 points, or 0.1%. S&P 500 futures were up 0.1% while Nasdaq Composite futures gained 0.2%. Investors returned to Wall Street on Tuesday after taking a break for the Christmas holiday on Monday with an eight-week winning streak for the S&P 500 on the line. Some economic data to look forward to in the week ahead include the Case-Shiller report on Tuesday, jobless claims on Thursday, and Chicago PMI on Friday.

A trader counts new 2,000-rupee notes at a wholesale vegetable market in Bangalore, India AP Photo/Aijaz Rahi India's efforts to achieve increased international acceptance for its currency are floundering. No oil trades were settled in rupees during the financial year 2022-2023, the Press Trust of India reported. Countries from China to Russia and India have been seeking to rely less on the dollar in global transactions. India's campaign to achieve wider international acceptance for its currency isn't going so well. The country's push to pay for crude-oil imports with rupees have hit a wall, with its trade partners remaining reluctant toward the arrangement, the Press Trust of India, a local newswire, reported, citing the Asian nation's oil ministry. Global oil suppliers have remained resistant toward receiving rupee payments, citing higher transaction costs and foreign-exchange risks related the Asian currency's limited global acceptance, according to the repor...

Photo: costin79 via 123RF The foreign exchange rate, often abbreviated as "forex" or "F.X.," is a fundamental concept in international finance and trade. It plays a pivotal role in the global economy and impacts individuals, businesses, and governments. In this article, we explore the foreign exchange rate, why you might need it, how to calculate it, and available tools for quick calculations. Understanding the Foreign Exchange Rate The foreign exchange rate is the rate at which one currency is exchanged for another. For example, if you want to exchange U.S. dollars (USD) for Euros (EUR), the exchange rate will determine how many Euros you receive for a given amount of U.S. dollars. Why Calculate the Foreign Exchange Rate? International Travel When traveling to foreign countries, you need to calculate the foreign exchange rate to understand how much of your home currency you'll need to obtain the local currency for ...

Here is a quick rundown of the MT4 mobile trading platform for your smartphone.  MT4 is also known as MetaTrader4.  The MT4 app lets you check your charts and trades on the go.  I don't do any analysis on the mobile app. I find and make trades on my desktop where I can fully see how the pair is acting on a large screen. If you trade exclusively from your phone, you are at a big disadvantage compared to traders who are trading on computer monitors and can see the bigger picture. [embedded content] Navigating the MT4 Mobile App The three horizontal lines in the upper left corner are your Main Menu.  From that menu, click Manage Accounts to add a new Live or Demo account. Input the information provided by your forex broker.  Quotes shows a customized list of forex pairs. Click the + button to add pairs. Click the Pencil button to customize the list and delete pairs you don...

Investing is one of the best ways to grow your wealth or to set aside money for retirement. For those looking to start, it's easier than ever to buy and sell investments through online brokers — many even offer smartphone apps — and you don't have to be rich; it's common these days for brokerages to offer zero-commission trades. Plus, many brokers offer free stock trading platforms and no account minimums, making investing even more affordable. Add in robust educational resources and these online brokers allow you to go about investing on your own. Now, when you see a brokerage offering no trading or commission fee, it doesn't mean that there aren't any fees. You won't be charged for the brokerage executing the trade, but the individual investments themselves may charge expense ratios or management fees. CNBC Select set out to find the best brokers that offer zero-commission trading. We reviewed over a dozen brokers and narrowed down our list to the to...

Since this list was compiled, TD Ameritrade has been incorporated into Charles Schwab. TD Ameritrade has raised the bar in terms of educational resources, offering content across a wide range of media. The firm has taken special care to ensure that the learning experience is immersive and interactive. We appreciated the impressive range and depth of TD Ameritrade's educational resources, in particular the TD Ameritrade Network, webcasts and immersive courses. The TD Ameritrade Network is an online channel streaming financial news and educational content. The programming caters to both beginner and advanced traders. The Your First Trade show, for instance, walks you through specific examples of trades based on the latest market news. Morning Trade Live, which focuses on market commentary and trading strategies, is a great source of insights and ideas for new investors. Regular webcasts hosted by industry professionals provide market commentary and information on how to manag...