Forex trading Forex-Trading For Beginners

Forex trading for Beginners

We can easily develop many strategy using the pivot level as a base, but the accuracy of using pivot lines increases when Japanese candlestick formations can also be identified. For example, if prices traded below the central pivot (P) for most of the session and then made a foray above the pivot while simultaneously creating a reversal formation (such as a shooting star, doji or hanging man), you could sell short in anticipation of the price resuming trading back below the pivot point.

Forex trading Forex-Trading For Beginners

Forex trading for Beginners

We can easily develop many strategy using the pivot level as a base, but the accuracy of using pivot lines increases when Japanese candlestick formations can also be identified. For example, if prices traded below the central pivot (P) for most of the session and then made a foray above the pivot while simultaneously creating a reversal formation (such as a shooting star, doji or hanging man), you could sell short in anticipation of the price resuming trading back below the pivot point.

Online Currency Exchang

The benefits of choosing Direct for your Currency Trading are :

• Convenience - Provides a well diversified set platform for online trading with competitive brokerage under a single sign-on and completely paper-less investing experience
• Expertise - You can access to our Daily Research Reports as well as Fundamental & Technical Reports and Advisory
• Flexibility - You can select the Currency Pair USD/INR, EUR/INR, GBP/INR and JPY/INR in which you wish to trade

Few Advantages of this market are :

• Trading hours of 09:00 am to 05:00 pm provide more trading opportunities
• Trade in prominent currencies like US Dollar, EURO, Pound, Yen against Indian Rupee
• No Counterparty Default risk due to settlement guarantee by regulated clearing house
• Low Taxation (No STT and CTT)
• Daily Cash Settlement in INR via MTM (Mark to Market)

Currency Futures - An Assets Class

If you have an ICICI Direct account, login to your account and select the Currency Segment Section

If the Currency Segment section is not enabled either you have not opted for the facility or may not be KYC (Know-Your-Customer) Compliant. KYC is mandatory for all investments in Currency Futures as per the Securities and Exchange Board of India (SEBI).

If you do not have an account with ICICI Direct, help us open your account and experience the world of online investing. Please Click Here for account opening.

ICICI Direct offers you a simple and convenient way to trade and hedge your currency risk in four pair of Currencies- Dollar, Euro, Pound and Japanese Yen against Indian Rupee.

By offering you the choice of trading in different asset class of Currencies we offer you the opportunity to diversify your portfolio.