This Latest E-Learning Course Discusses in Detail FEDAI Rules Relating to Forex Transactions, Procedure in Case of Issue and Encashment of Travelers' Cheques and Foreign Currency Notes.

DUBLIN, Ireland — Research and Markets

( has announced the

addition of E-Learning Course: Foreign Exchange Operations to their


This e-learning course on ‘BBM Foreign Exchange

Operations’ is designed to help users understand foreign exchange

operations of a bank. Further, the course discusses in detail FEDAI rules relating to forex transactions, procedure in case of issue and

encashment of travelers’ cheques and foreign currency notes.

Course Level: Basic to Intermediate

Library of 3 Courses

Duration of each course- 1.0 Hour

On completion of this course, you will be conversant with:

– Foreign exchange functions in a bank branch

– The concept of correspondent banking

– Different instruments of international money transfers

– The rules for foreign contributions

– FEDAI rules relating to forex transactions

– Procedure in case of issue and encashment of travelers’

cheques/foreign currency notes

– Factoring, forfaiting, and forward contracts

Target audience: Those who are interested in understanding the

foreign exchange operations of a bank.

Tutorials and Topics:

1. Foreign Exchange Remittance – I

– The meaning of foreign exchange

– Foreign exchange functions in a bank branch

– The concept of correspondent relation between banks

– Different instruments of international money transfers

– The procedure to be followed in transacting inward and outward

2. Foreign Exchange Remittance – II

– Non-conventional modes of foreign exchange remittance

– The rules for foreign contributions

– FEDAI rules relating to forex transactions

– The procedure regarding issue and encashment of traveler’s


– The procedure of encashment of foreign currency notes

– The rules relating to release of foreign exchange to Indian


3. Foreign Exchange Transactions

– How to calculate buying and selling rates for telegraphic

transfer (TT) and bill transactions

– The various factors determining forward margin

– The implication of premium and discount

– The procedure of recovery of interest

– Factoring, forfeiting, and forward contracts

For more information visit

IvyBot Evaluation – IvyBot Rip-off

Currency trading automatic computer software is a well known way to trade but there are so quite a few Currency trading Specialist Advisors and Robots for sale and they all declare to make big gains but which do? Right here we will expose the most effective Currency trading robotic of all.

I have been tests systems for 20 a long time and in the final couple a long time, we have viewed a big volume of systems recognized and they all have one factor in common:

They all declare a hundred% plus annual monitor data, all declare lower drawdown and they all have no monitor file which is in genuine time and audited by a third social gathering, the fact is they never reproduce the gains they declare they can.

If you imagine about this, it is really apparent that none of them operate for the reason that if they did, the systems wouldn’t be so low cost and all people would be shopping for an income for everyday living for the cost of a night out IvyBot Evaluation.

Glimpse at the monitor data and all you get are some back checks ( understanding the closing selling prices) and its not hard, to obtain market bottoms and market market highs, when you have the cost knowledge in progress! It’s a large amount more challenging when you have to do it heading forward not understanding this essential knowledge. Some vendors estimate genuine figures but their never checked or audited, by a third social gathering and never know about you but I want impartial verification IvyBot Evaluation.

Glimpse at any Currency trading Robotic and Specialist Advisor and you will see poor dollars administration and this is for the reason that to make gains in hindsight, the procedure IvyBot Evaluation is bent to fit the knowledge and dollars administration suffers. Cash administration is the essential to massive gains as you have to keep equity intact, so when there traded they shed immediately IvyBot Evaluation.

Persons will constantly obtain get rich rapid systems but if you are imagining of shopping for one and imagine you are heading to make dollars, in a market where by ninety five% of traders shed, you are heading to conclusion up really upset!

Do what all profitable traders do and learn competencies and get self-confidence and you can then get pleasure from forex trading accomplishment. Test and win with no exertion and you will shed, it is as easy as that IvyBot Evaluation.

Read a full insiders assessment right here
Read a full insiders assessment right here
Read a full insiders assessment right here IvyBot

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Foreign exchange: Learn About: Fx Investing & Inflation Safety, Several Foreign exchange Selections & Specialized Investigation

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Online Forex Trading Platform iFOREX Raises the Bar with New Development Server | Business Wire

ROAD TOWN, Tortola–(BUSINESS WIRE)–iFOREX, a currency exchange and Forex trading service provider, recently

enhanced its R&D department with the addition of a new development

server. By utilizing the new sever, plans to develop new and

exciting trading tools and features to its trading platform by adding

innovative technology. When ready, the new features will also be

available in an array of languages including Indonesian, Spanish and

Malay which can be found at, and Currency Trading Broker – Online Forex Market&w=144&h=78&pos=1&vid=0c932fea0063efb33953e20f5efe61d1&sigr=118pvci8d&sigt=11jdfr23t&sigi=12js9cum5" title="Forex Currency Trading Broker – Online Forex Market" data-pos="0"

The new iFOREX development server is a continuation of its aim to

provide its clients with the latest and most innovative trading software

and tools on the market. With an array of unique and user friendly

trading tools and training services already available to the clients of

iFOREX (, the

prospect of new services will allow iFOREX to push ahead of the pack in

the online trading field.

When asked about the new systems, a senior member of the iFOREX

development team was quoted as saying, “We are proud to offer the

highest level of trading features to our clients. The new services and

tools we are currently developing are very exciting and we aim to give

every trader the ultimate trading experience. We are committed to

staying at the trading forefront by constantly providing innovative

technology to every client.”

If you would like to learn more about iFOREX or the services that it

provides or to learn more about the foreign exchange market and to find

out the latest news and statistical reports please visit

* Territorial restrictions may apply. iFOREX does not offer its services

in the BVI

FXCM Launches New Pricing Model Offering Raw Forex Spreads On Average Reduces Trading Cost by 50% on Top 14 Currency Pairs Implements Tighter Spreads and Commission Pricing to be more Competitive and Transparent | Business Wire

NEW YORK–()–, a leading online provider of foreign exchange

trading and related services worldwide, today announced that its US

subsidiary Forex Capital Markets LLC (“FXCM US”) has introduced a new

retail FX pricing model. FXCM US platforms will now display raw spreads

and mark-ups previously included in the spread will be separately

displayed as a commission*. As part of this introduction, FXCM also

reduced client trading costs.

“We are excited to offer raw spreads with no mark-ups on all currency

pairs as it will provide clients with a superior and transparent Forex

trading experience,” said Drew Niv, CEO of FXCM Inc. “As part of FXCM’s

commitment to its clients, we are taking pricing and broker service

transparency to a new level and bringing greater opportunities to


The FXCM platforms will now display raw spreads from one of our 15

different liquidity providers streaming prices into the FXCM no dealing

desk execution system. “On average we reduced trading cost on the top 14

currency pairs by 50%,” added Mr. Niv.

FXCM’s new pricing model allows traders to easily scalp the market,

while providing increased execution benefits to stop and limit orders.

Furthermore, FXCM clients will continue to benefit from no re-quotes**,

fast, efficient and transparent execution, with no restrictions, along

with a comprehensive suite of educational services through




Old Spreads

New Raw Spreads

Commission/10K Order

Total Reduction with New Model
















1 Listed spreads and commissions will not apply to some customer

accounts due to their relationship with certain intermediaries


The Ideal Currency trading Selling price Motion Investing Indicator – Change Concept Ratio Selling price Motion Investigation

There is a new classification of technical assessment accessible for investing the Currency trading markets. It is referred to as Change Concept and this new approach is dependent on Change Ratios that crack down the 3 principal types of chart circumstances:

  • Choppy Marketplaces
  • Up Trending Marketplaces
  • Down Trending Marketplaces

What Change Concept Ratios do is emphasis on the essential knowledge and ignores the knowledge that is dependable for untrue indicators and noise. The Change Concept investing method will work superior than any other kind of technical assessment due to the fact it focuses on the science of price tag assessment. Most technical assessment now focuses on the closing price tag as the principal piece of knowledge that is analyzed. The principal challenge with that is the closing price tag is a relocating focus on. A ton traders really don’t understand that indicators are very little much more than measuring equipment and they need to have to be taken care of that way. When it arrives to measuring price tag you need to have secure knowledge to get an correct studying. I like to use an example of trying the weigh on your own on a scale. If you hold leaping all-around while you consider to weigh on your own then it is practically imposable to get an correct studying. That is precisely what the closing price tag does. It modifications each individual time there is an uptick or down tick and that modifications the studying of most indicators and that results in a ton of noise and untrue investing indicators.

The Change Investing Ratios depend on the simple specifics of current market traits. Some illustrations are:

  • Price ranges on a chart can only go better if they make a new large.
  • Price ranges on a chart can only go decreased if they make a new minimal.
  • Choppy markets have bars that have a large percentage of overlap.

As a trader the Change Concept Ratios are outstanding device to hold traders disciplined and sticking to sound investing principles. As a example we will address the studying and indications Change Ratios give in 3 types of current market circumstances:

  • Choppy
  • Up Trending
  • Down trending

When current market circumstances are choppy the Within Change Ratio is the plot that actions that kind of current market problem. What the Within Change Ratio does is measure the current bar percentage that is overlapping the prior bar. All choppy markets have a large percentage of bars that overlap every single other. It is quick to see on a chart but most indicators merely are unable to measure these types of problem due to the fact they are dependent on the closing price tag.

If the current market is up trending then the Upper Change Ratio is the indicator that actions that kind of price tag transform. In up trending markets the bars on a chart ought to be making better highs and that is a simple simple fact about upward relocating markets.

Through down markets the Lower Change Ratio is the indicator that actions the strength of the down pattern. This once more is dependent on the simple simple fact that downward markets need to make decreased lows in get to go decreased.

In the finish these techniques perform and the evidence is in the again tests. A soiled key many indicators have is they actually really don’t perform and that is why nobody is inclined to present any again tests results. So if you want to come across the finest Currency trading investing indicator then you need to have to take a appear at the Change Concept Ratios. If you want regular and established results then as a traders you need to emphasis on the essential knowledge and disregard the knowledge that is dependable for sign noise and lag.


Currency Trading Tips

Forex is the largest and the most liquid financial market in the world, and the very size of the market tends to reduce the possibility of manipulation by a select group of people. Hence, the foreign exchange market is loosely regulated by the Commodity Futures Trading Commission (CFTC). Currency pairs are not traded in a centralized exchange, but are traded between agreeable buyers and sellers in the over-the-counter market (OTC).

Tips for Currency Trading

Using Leverage Wisely: Use of leverage is encouraged in the foreign exchange market since fluctuations in the price of a currency pair are typically fractions of a cent. The maximum leverage that can be employed by a trader is calculated using the following formula:

Maximum Leverage (Margin-Based Leverage) = Value of Transaction / Margin Requirement

For instance, if a person wants to control $100,000 worth of trade, he/she can borrow the sum from the broker by depositing a small initial margin. Say, the margin requirement is 2 percent of the total transaction value, the trader is expected to deposit $2000. Thus, the trader’s margin based leverage is 50:1. Using excessive leverage, especially when one is unsure about the direction of the market, can land one in deep trouble. Trading on margin is only advisable for people who have the capability of interpreting Forex signals or have reliable automatic trading robots.

Placing Stop and Limit Orders: Placing stop orders is useful from the perspective of limiting losses and taking advantage of the potential upside breakout. Placing a limit order allows people to enter a new position or to exit a current position at the specified or better price. A limit order may never be executed because the market price may quickly surpass the limit before the order can be executed. The term better is relative to the nature of the limit order that is placed. A trader, who would like to sell a currency pair, places a limit sell order at a price above the current market price to book profits; while a trader, who would like to buy, sets a limit price below the current price. In the first case, the sell-stop order should be placed below the current market price to attempt to cap the loss on the position while in the second case a buy-stop order should be placed at a level above the current price. These are useful currency trading strategies.

Using Fundamental and Technical Analysis: Fundamental and Technical analysis are different, although both are necessary from the perspective of gauging currency movements. The former tries to determine fluctuations in the price of the currency by assessing factors that have a direct bearing on the value of the currency; while the latter relies on charts and graphs to effectively compare past trends and repetitive patterns to predict fluctuations in value. The charts, that are used in technical analysis, are Line Charts, Bar Charts and Candlestick Charts.

Line charts connect the opening and the closing price with a line while bar charts use vertical bars to indicate the range of the currency for a given time period. Candlestick charts give the opening price, the closing price, the highest price and the lowest price with the help of a vertical bar. If the closing price is less than the opening price, the vertical bar is colored.

Understanding Chart Indicators: Understanding leading and lagging indicators is critical from the perspective of being able to spot changes that may occur in the movement of currency pairs.

Leading indicators help a trader spot a change where the previous trend has run its course and the price is ready to change direction again. Lagging indicators provide an indication of the possible changes in trend once the change is clearly visible. The latter is meant to encourage people to move with the herd while the former is useful for a trader who is adept at spotting reversals before they occur.

Although, leading indicators seem like a potential gold mine, they have the tendency of misleading or giving wrong signals. Lagging indicators, on the other hand, rarely mislead. However, the downside is that a person may lose the opportunity to make a huge kill and may end up with a smaller chunk. The most common leading and lagging indicators are Oscillators and Momentum indicators respectively.

Stochastic, Parabolic Stop and Reversal (SAR) and Relative Strength Index (RSI) are examples of oscillators that used to determine overbought and oversold market conditions. For instance, in the case of Relative Strength Index (RSI), on a scale of 0 to 100, a value below 20 indicates an oversold market while a value above 80 indicates an overbought market. If a chart has been indicating oversold (or overbought) conditions, for a certain length of time, one can expect an increase (or decrease) in the price of the currency pair in future. The problem with the aforementioned leading indicators, is that they may provide conflicting signals. In such a situation it would be best to ignore the signal.

Momentum indicators are lagging indicators that generally give the right signal at the expense of delayed entry. People have to choose between leading and lagging indicators since the signals are generally conflicting.

Forex Robots: Forex trading requires the ability to interpret a number of chart indicators needed for ensuring profitable trade. There are numerous signal systems that have been designed by professional money managers. These systems have been designed using past performance and trends to simulate results that may reflect the actual trading environment. Both mechanical and automated Forex currency trading systems are available in the market. The latter does not require the presence of a trader in order to execute trades while the former provides tips that are useful for executing trades. Automatic trading robots ensure round the clock trades without any supervision and are thus effective in removing the human element from trading. Fully automatic trading robots can help one dispense with brokers who were previously required to manage accounts. However, one must remember that past performance is not indicative of future results. So, a robot that works well during back testing may not always yield the best results.

A good system should be constantly monitored in order to ensure improved and optimized trade. The trading account should require less investment and initially, one should be able to trade with a demo account. Forex robot systems should also have an inbuilt loss protection mechanism since these systems are not foolproof. These robots can be used by traders, brokers and institutional investors.

Advantages of Currency Trading

Increased Liquidity: As mentioned earlier, Forex is the most liquid market in the world. Increased liquidity ensures that the trades gets executed at the desired price.

Ability to Use Leverage: Increased use of leverage is permitted, since price fluctuations are typically fractions of a cent. People are allowed to start trading with very little money in their account and are encouraged to control an extensive sum of money in lieu of an initial margin requirement.

Increased Profitability: The ability to employ leverage results in increased return on investment (ROI). Huge profits with a small up-front investment is one of the benefits of Forex trading. Moreover, traders are allowed to split their capital gains to their advantage since regardless of the time of executing the trade, 40 percent of the profits that accrue to the trader get taxed at the short term capital gains rate while the remaining 60 percent is taxed at the lower long-term capital gains rates.

Guaranteed Stops: People are allowed to place both buy-stop orders and sell-stop orders. The former allows the trader to buy the currency pair at a price that is set above the current market price. The buy-stop order is triggered when the market price touches or exceeds the buy-stop price. People place stop-orders when they would like to trade the potential upside breakout.

Similarly, sell-stop orders can be placed to sell the currency pair at a price that is set lower than the current price. The sell-stop order is triggered when the market price touches or falls below the sell-stop price. These sell-stop orders are placed by traders in order to limit their losses. These are also known as stop-loss orders.

Low/No Processing Fee: Many brokers do not charge extra fees for opening or closing a trading account, for phone trading, for inactive accounts or for changing stop or limit orders.

No Commissions: The absence of commission on Forex trades is another benefit. This is because the spread between the bid/ask price is the compensation for market makers.

Most businesses undertake currency hedging to prevent losses that accrue on account of unfavorable exchange rate movements. One must remember that, although an experienced Forex trader has the opportunity of reaping rich rewards, the chances of losing money, especially when one is overly leveraged, cannot be ruled out.

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Trader On Chart | Handbook Fx Buying and selling Device for MT4

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