FOREIGN EXCHANGE IN INDIA

WHAT IS THE INITIAL DEPOSIT? – ILLUSTRATION FOR TRADERS OF FOREIGN EXCHANGE IN INDIA

Now as a participant of Foreign Exchange in India you possess enough theoretical knowledge about it, understand excellently how this process is exercised, know the meaning of all the terms, regarding Forex. You have even had some surface investigation in the sphere of analysis methods. Moreover, you have more or less practiced Forex trading through opening a demo account. Now, it seems to be the exact moment for you to deal with real money, trying your hand in this unpredictable world. What you need for diving into the world of Forex in India is to do an investment, the amount of money you are going to fund in your account for trading.

The minimal amount of deposit differs from one brokerage company to another. While choosing a brokerage company this point is to be paid much attention to. The lower the minimal deposit is, the less risky your transaction will be. From this point of view, IFC Markets makes an optimal offer. You can start trading with only 1USD, if you have chosen the Beginner account type. As for Standard account type, 200USD is the minimal amount of investment. Besides minimum initial deposit, every brokerage company establishes its maximum investment. Thus, the maximum amount of deposit set by IFC Markets is 3000USD for Beginner account type and Unlimited for Standard account type.

After determining the investment amount, you face the process of choosing the payment method. IFC Markets supports the following four Payment Methods, from which you can choose the one that best corresponds to your preference:

• BANK TRANSFER 
• CARD PAYMENT 
• WEB MONEY 
• LIBERTY RESERVE

All these investment methods are also available for traders of Forex in India. Any Indian trader is able to transfer his deposit via one of these methods without any difficulty.

RALLY TRADE

13 days left. I am in a hurry to inform you that the start of the contest in IFC Markets is gradually approaching. It will be held from December 4 2012 to December 28 2012. The rules are straightforward: register for the contest from 20 November to 3 December, open a new Real account, fund it with 100USD and you are already the participant of the contest. The transfer can be realized through regular deposit methods or via internal transfer from your another NetTradeX account.

A contestant with the largest trading account balance will be recognized as the first place winner. The same criteria will be applied for other winners taking the rest of the winning places (1-5).

The prizes:

• 1 place: $1500
• 2 place: $1200
• 3 place: $1000
• 4 place: $700
• 5 place: $600
• The special Company prize: $500

Good Luck to you, dear traders!

                                   

FOREX IN INDIA

FOREX IN INDIA: SIGNS STIMULATING TO PASS FROM DEMO TO REAL TRADING

Actually, anyone who is intending to become a participant of Forex in India starts his way from opening a demo account and trading with virtual money. Demonstration account serves somehow as a field for gaining skills. Trading in the current field is safe because of the absence of real risks. Besides, in this case your emotions are stable and you are not worried about suffering losses. However, this state cannot proceed forever. Eventually what is the meaning of earning virtual money? They are just figures without any essential significance. So, if you open a demo account, sooner or later you will pass from the demo field to the real one. But what are the signs that it is high time for you to pass to real trading?

1.      You have had more profitable transactions ever since than unprofitable ones

You should try to make profits from your transactions, moreover they should be stable. Here the amount of earned dollars is not so important as the percent of the profits from all your transactions is. Overall, 6 transactions from 10 should be favorable. In case of recording such an index, you may already consider about passing to real trading.

2.     You are able to manage your capital properly

The management of the volume of the position is one of the main factors for success. Of course there is no definite strategy which will result in 100% profitable transactions. There would be some periods when losses are just inevitable. That is why it is necessary to choose a trading volume in a way that losses are not considerable and the profits are significant. This is considered to be the aim of any risk management methods.

3.    You already control your emotions

Emotions play a very important role for any trader of Foreign Exchange in India. So you should learn how to control them. It concerns losses as well as profits. Suffering losses should not serve as a cause for disappointment. After all they are natural. What you should pay attention on is that your profits exceed losses. Successful transactions also require being controlled; otherwise you may run into euphoria.

Connected with dynamic movements in the sphere of Forex in India, more and more Indians get interested in various nuances regarding Forex trading. So, these signs can be used by any participant of Foreign Exchange in India while deciding to become a real trader.

Happy Diwali

A great enthusiasm and livelines at all corners of India. People passing through shops and buying different kind of decorations and candies. Streets full of festive spirit. The Diwali great festival is going to be celebrated during the upcoming five days. Tomorrow all the houses and workplaces will be decorated with tiny electric light or small oil lamps. Bowls of water with candles and flowers floating on the surface are also popular decorations. People will exchange all kinds of candies, wishing a sweet and happy life to one another. Have a nice day, dear India!

Hello India

After a little break, I am again with you, ready to share my experience and recent investigations in Foreign Exchange market. From this time on our blog will also contain some information about all the global events which will this or that way affect the Forex market. Other innovations are ahead. I hope that my blog will be a great help on your way of becoming a Forex trader. Wish you further achievements in this unpredictable world!