Which strategy is best for forex trading?

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Which strategy is best for forex trading?

Best Forex Trading Strategies

  1. Scalping. Scalping is a very short-term trading strategy that involves taking multiple small profits on trading positions with a very short duration.
  2. Day Trading.
  3. 3. News Trading.
  4. Swing or Momentum Trading.
  5. Trend Trading.

Which forex strategy is most profitable?

Three most profitable Forex trading strategies

  1. Scalping strategy “Bali” This strategy is quite popular, at least, you can find its description on many trading websites.
  2. Candlestick strategy “Fight the tiger”
  3. “Profit Parabolic” trading strategy based on a Moving Average.

Which currency pair is best for trading India?

The US Dollar (USD), Euro (EUR), Great Britain Pound (GBP), and Japanese Yen (JPY) are the four currency pairs on which currency derivatives are available. In the Currency Derivatives sector, cross-currency futures and options contracts on the EUR-USD, GBP-USD, and USD-JPY are also accessible for trading.

Is it legal to trade Eurusd in India?

Forex trading in India is legal. Except for three cross currency pairs, traders cannot trade any currency pair that does not involve the Indian Rupee.

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What is punishment for forex trading in India?

Hi, there is no punishment for doing forex trading in india. There is punishment for misusing USDOLLERS from RBI Reserves ( if you think you deposit USDOLLERS from your INR bank account, RBI have to pay USDOLLERS behalf of you) and also It is our responsibility to save our foreign reserves.

Is Zerodha good for forex trading?

Yes, Zerodha offers trading in forex (currency).

What is the best time to trade in forex?

The U.S./London markets overlap (8 a.m. to noon EST) has the heaviest volume of trading and is best for trading opportunities. The Sydney/Tokyo markets overlap (2 a.m. to 4 a.m.) is not as volatile as the U.S./London overlap, but it still offers opportunities.

Is forex trading legal in India?

First off, yes—forex trading in India is legal —with some restrictions, of course. If done through a registered broker, traders can access and trade almost all currency pairs.

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Which is the Best Forex trading platform in India?

Samco provides one of the best forex trading platforms in India. Before we analyse why Samco has the best forex trading platform in India, let us first understand: » Who is a Forex broker?

What are the best resources for beginners in forex trading?

As far as education goes, FOREX.com has a weekly webinar – Foundations of Forex Trading, which will help novice traders find their feet. On top of that, the brokerage also offers over 100 educational articles, as well as a variety of educational videos and platform tutorials.

What is the best leverage for tradtraders in India?

Traders in India will gain access to a leverage of 500:1 but it is advised to carefully consider a leverage that is suitable for your needs and goals. In total, Pepperstone offers a strong range of over 100 instruments, including both CFDs and cryptocurrencies.