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Binomo Online Trading Platform Gives People Opportunity For Extra Income | Forbes India

Click here to see Forbes India’s comprehensive coverage on the Covid-19 situation and its impact on life, business and the economy

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The whole world is in a churn today. Now everyone understands the obvious health risks abound in the current situation and are taking a lot of precautions to ensure good health. With the economic slowdown spreading worldwide due to lockdowns, almost everyone is also aware that they need to become smarter with their money and use it judiciously.
People wish to maintain their lifestyle and not just give up. They are actively seeking alternative means to generate some extra income. They are willing to put in the effort as they can see their savings are not earning enough interest to even compensate for normal inflation.
Today, everyone is looking at options to better use their savings so as to generate capital. No wonder then, many Indians are turning to online trading platforms, which are gaining popularity in India as they offer a viable investment and earning potential to everyone.
One such online trading platform, Binomo India, has gained rapid foothold in the Indian market. Binomo is an Online Trading Platform that allows everyone to earn additional income from the comforts of their home by leveraging upon worldwide financial markets. Users seem to love the fact that Binomo’s trading strategy application offers them an opportunity to learn how to trade and benefit from global markets.

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Binomo, a global major in online trading is now available to Indians with its online trading platform that is renowned for its honest trading practices. It is a solid company ready to help its users to get extra income and it also helps them to get through boredom of staying at home every day. Binomo enables its users to trade, and invest from the comforts of their home using the Binomo App.
Binomo owes its popularity to its easy to use platform and extensive training modules including a demo account with demo funds, which a person can use to understand how the platform works. It encourages users to develop their skills and train using the free demo account, and once they feel ready they can open a real account. Binomo offers online trading with minimal risks from anywhere including one’s home.  
All this makes Binomo an extremely logical choice for beginner traders. The robust platform offers everyone a demo account to practice online trading on the Binomo App, which is available to users of both Android and iOS devices.
The Binomo trading platform can also be accessed on the web. The Binomo website is highly suitable for those who like the comfort of using their Laptop or big screen desktops. However, thousands of Binomo users spread across the world confirm that they find Binomo’s mobile trading experience highly satisfactory and convenient to use as it allows them to keep an eye on their investments even while on the move. 
Depending upon the account type, Binomo offers 50+ Trading Assets including popular currencies, crypto-currencies such as Bitcoin and Litecoin, stocks, shares, commodities and other assets available for trading. It offers a great way for a person to start investing small and learn how online trading works, then work their way up to bigger trades.

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The Binomo demo account is easy to understand because of its very intuitive interface and online tutorials. Even the most novice, or first time trader, can start using the Binomo demo account with ease. Binomo also offers 24-hour online assistance where users can ask any queries they might have. To top it all, the special promocode on the banners will get a +100% on the first deposit. This promotion will be available only until August 15, 2020.
Everyone who makes it a point to spend time studying how the platform and different investment strategies work, eventually benefits from the immense investment opportunities that Binomo trade offers. Binomo training has helped thousands of users worldwide to master online trading. 
Binomo helps its user base to work with short-term contracts or specific financial derivatives. People can study and learn about a variety of financial instruments or financial products offered in the global markets that they can invest in using the Binomo platform.
Binomo was the broker of the year at the 2016 IAIR Awards and named the best broker for beginners in 2015 at the FE Awards. Binomo has all licenses and certificates from The Financial Commission.
For more details on Binomo, or to join millions of Binomo traders worldwide who have already made sure of the fairness and effectiveness of the Binomo app, you can open a demo trading account with Binomo by logging on to www.binomo.com
You can also download the Android version of the Binomo App from the Google PlayStore  or the iOS version from Apple’s App Store.
[youtube https://www.youtube.com/watch?v=pYfw2QXWDXs] Disclaimer: The views, suggestions and opinions expressed here are the sole responsibility of the experts. No Forbes India journalist was involved in the writing and production of this article.

Click here to see Forbes India’s comprehensive coverage on the Covid-19 situation and its impact on life, business and the economy​

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NinjaTrader Review 2020: Pros, Cons, Fees & More • Benzinga

If you’re on the hunt for the best online brokerage, Ninja Trader is a great fit for both new investors and seasoned traders. Some of the key features in NinjaTrader’s futures brokerage service include:

If you’re on the hunt for the best online brokerage, Ninja Trader is a great fit for both new investors and seasoned traders. Some of the key features in NinjaTrader’s futures brokerage service include:

  • Commissions as low as $.09 per Micro contract
  • Low $400 account minimum
  • Low day trading margins of $500 per contract for E-mini S&P 500 (ES), Nasdaq (NQ) and Dow Jones Industrial Average (YM) stock index futures contracts
  • $1,000 margins for Gold (GC) and Crude Oil (CL) futures contracts
  • Free version of NinjaTrader platform included with all brokerage accounts
  • Three platform license levels with varying feature sets and commission rates

In addition, the broker offers competitive spreads and a high-speed execution service for forex currency pairs.  

Who’s NinjaTrader For?

Futures Traders

NinjaTrader’s brokerage services cater directly to futures traders. It’s the ideal destination for those both active and new, with unlimited free use for advanced charting, market analysis, and simulation trading.

Advanced Traders

NinjaTrader’s state-of-the-art trading platform has a variety of features available across three license levels that allow traders to select the best fit for their trading approach. There are two upgrade feature sets available, Trader + and Order Flow +.

While advanced charting, market analysis, and simulated trading are included free for all users, licensing Trader + or Order Flow + gives you access to premium tools such as an enhanced SuperDOM, an advanced alerting system, semi-automated order execution, volumetric bars, and other sophisticated charting systems.

Active Traders

With commission among the lowest in the industry, traders can keep their costs low on a per contract basis. NinjaTrader’s low margins are also a great fit for active traders. With numerous technical analysis tools available, the trading platform can help users target opportunities and manage execution in volatile markets.

NinjaTrader has their flagship advanced trading platform for Windows-based desktop computers. Other third-party platforms are supported and available by request. If you are a Mac user, you can run the software using a multi-boot utility like Apple Boot Camp.

Source: https://ninjatrader.com/

NinjaTrader features a wide range of technical analysis functions that can be useful for those starting out with demo trading — especially if you want to learn how to trade futures.

The broker uses CQG (Continuum) for order routing by default but also supports order execution through Rithmic. Kinetick is also available as a free end of day market data source for stock, futures and forex data optimized exclusively for use with NinjaTrader’s platform.

If you’re interested in trying out the NinjaTrader platform using futures data, you can register to get a free two-week trial.

A free version of the NinjaTrader platform is included with all funded brokerage accounts and has all the core features needed for live trading, with access to charts, market analysis, and simulated trading.

If you want to access some of its more advanced capabilities, you can either lease the software starting at a quarterly basis or purchase a Lifetime license, which includes free upgrades for life.

The advanced tool sets are where NinjaTrader really shines. For example, sophisticated order types known as automated trade management (ATM) strategies are included in the Trader + feature suite. These consist of a set of specific rules you create to manage a group of stop-loss and profit target orders to operate on all or part of an open position.

NinjaTrader’s third-party developer community, known as NinjaTrader Ecosystem, features thousands of third-party apps and add-ons you can use with its trading platform. From their website, you can use the keyword search and filters to scan hundreds of custom tools and trading indicators built to work with NinjaTrader.

If you have programming skills, you can build compatible software within its advanced C# based development environment.

The NinjaTrader platform provides a high-performance backtesting engine which allows users to test and verify futures trading strategies using historical data. A wide range of useful educational materials are available if you’re unfamiliar with its platform and wat to enhance your skills.

These include daily training webinars designed to educate new users on the powerful tools available, hundreds of on-demand training videos, help guides, and an informative YouTube channel.

[youtube https://www.youtube.com/watch?v=bg4ocBoYrjM]

NinjaTrader’s Commission and Fees

Commission and margin requirements are among the lowest in the industry. A $1,000 minimum initial deposit is required to fund a new account and commissions go as low as $.09 per Micro contract with a Lifetime license. Day trading margins of $500 for ES, NQ and YM contracts, and $400 for GC and CL contracts are also very low.

When it comes to platform fees, the broker’s advanced platform and live data are available free of charge for use in a demo account. For live trading, you can use their free platform with all the basic essentials or choose a paid license level for more advanced features and lower commissions.

If you lease or buy a Lifetime license for the trading platform software, you also gain access to a suite of premium features that include its advanced trading management (ATM) strategic order handling. Traders who purchase a lifetime license also get the Order Flow feature set which comes with free platform upgrades for life.

NinjaTrader’s Security

NinjaTrader is well-regulated in the United States by the National Futures Association and the Commodity Futures Trading Commission (CFTC).

NinjaTrader’s Customer Support

NinjaTrader’s online support team excels in prompt replies with inquiries addressed within 15 minutes during market hours. An active user community interacts directly with the NinjaTrader support team in their User Forum. They also host daily live training webinars, have hundreds of on-demand training videos, and more.

NinjaTrader can be reached by email, phone, and an online support form for customer service. For critical trade issues, NinjaTrader provides direct phone support for brokerage clients. International traders are also directly supported with dedicated Spanish, Russian and German brokerage service teams. 

NinjaTrader’s Tradable Asset Classes

NinjaTrader brokerage offers a basic range of asset classes with a focus on futures trading on the CME, CBOT, NYBOT and Eurex exchanges. You can trade the following asset classes via NinjaTrader:

  • Futures 
  • Forex 
  • CFDs
  • Stocks*

*The platform can also be used through other supporting brokers such as TD Ameritrade or Interactive Brokers to trade stocks.

NinjaTrader’s Ease of Use

After downloading the NinjaTrader platform, it’s best to spend some time on the forum and watch the tutorial videos provided. It may take some time to set-up your ideal dashboard.

While NinjaTrader’s platform is exceptionally customizable and offers numerous advanced features, it may not be considered easy to use when you first download the platform.

Final Thoughts

NinjaTrader is one of the top brokers for futures and forex trading. The unlimited use of its free platform is a great way to get acclimated to NinjaTrader before deciding to trade live.

The free platform is sufficient for new traders with more advanced tools available as need such as semi-automated execution. NinjaTrader’s low commissions and fees, free tools, and an active community forum will work to any trader’s advantage.

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‘Risk On’ Market Update 12/10/20 – Forextraders.com

Markets finished last week firmly in a ‘risk-on’ frame of mind. Stocks, commodities and non-USD currencies all moved into bullish territory in terms of technical indicators. The uncertainty which characterised September’s price moves made way for a more positive outlook in a wide range of asset groups.

Trading Risk Measurement

Markets finished last week firmly in a ‘risk-on’ frame of mind. Stocks, commodities and non-USD currencies all moved into bullish territory in terms of technical indicators. The uncertainty which characterised September’s price moves made way for a more positive outlook in a wide range of asset groups.

Market Update

Stocks – Market News

• Asian markets had a mixed start to the week. The Hong Kong Hang Seng equity index was up 2.29% on Monday, but the Japanese Nikkei 225 was down -0.17%.

The mixed messages from the Asian trading sessions carried into the European open. Asian traders were wise to the risk of following the buying patterns only to find European and American traders taking profits later in the day.

Metals – Market News

  • Price action in gold and silver hints that they could have started one of their breakout patterns. Fans of the metals will be familiar with how both can build momentum and click through price levels on the way to their next target price. The main issue is deciding on trade entry points.
  • As of Monday morning, the price of gold ($1925.22) is where it was on Friday afternoon. Support 1 is at $1921.98, Support 3 at $1917.87.
  • Such price consolidation is a characteristic of the metal and there’s nothing bearish about the indicators.
  • The Hourly SMA has provided support and could be the indicator to watch. The kiss of that line in the early hours of Monday marking the week-to-date low at 1921.66. Price support in that region was also provided by the 23.6% Fib.

Source: FXTM

Energy Commodities – Market News

  • Geo-political risk rather than technical indicators continue to guide the price of crude with Azerbaijan and Armenia engaging in a will-they won’t-they military stand-off.
  • It’s hard to get a clear picture of how political uncertainty will impact price. Still, the increased volatility and price increase of 6.84% last week will be a tempting proposition for many.

Trade of the Week

Last week has been firmly signed off as a successful opportunity to ‘buy-the-dips’. Our desk put on a buy of the US 500 stock index one hour before the European stock markets opened on Monday the 5th of October. With an opening price of 3367.28, it caught the pre-market exuberance and was mostly in positive territory throughout the week. Only trading underwater in the overnight trading of Tuesday evening and Wednesday morning.

Source: IG

In the morning session on Monday the 12th, the total percentage return on the US 500 position is +3.74%. The two-unit purchase trade, put on using IG, generating a profit in cash terms of £244.72 in the space of one week.

Source: IG

The obvious question to ask is whether there is any juice left in the move towards risk. The countdown to the US presidential election has started in earnest. With 22 days until votes are cast, those looking for this week’s trade might have less conviction than the position our desk put on last Monday.

Gold’s role as a defensive asset is not as strong as some would suggest. It’s hard though to look past the metal’s price action, dollar weakness, and the chance that it be seen as some kind of security as the election nears.

A position in gold could be a useful marker. Our buy-in small size for $1923.15 is one for the Demo Account, but it should help keep track of the markets.

Our analysis is based on a comprehensive summary of market data. We use a range of metrics with weighting given to simple and exponential moving averages and key technical indicators.

Any information contained on this Website is provided as general market information for educational and entertainment purposes only and does not constitute investment advice. The Website should not be relied upon as a substitute for extensive independent market research before making your actual trading decisions. Opinions, market data, recommendations or any other content is subject to change at any time without notice. ForexTraders will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

PAST PERFORMANCE IS NOT ALWAYS INDICATIVE OF FUTURE RESULTS.

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Learn with ForexTB: The battle of the currencies!

What is currency trading?How do currency pairs work?What currency pair is the most popular to trade and why? A few of the most common questions concerning traders when it comes to currency trading!Well, we’ve got all the answers, but first let’s start with some simple explanations and, as we go along, we’ll cover everything around…

An introductory guide to forex trading

What is
currency trading?
How do currency pairs work?
What currency pair is the most popular to trade and why?

A few of
the most common questions concerning traders when it comes to currency trading!
Well, we’ve got all the answers, but first let’s start with some simple explanations
and, as we go along, we’ll cover everything around the currency market.  

Forex trading
(aka. Foreign exchange, duh!), is all
about buying and selling currencies in pairs
. All you need to know is how
much the currency pair is worth. However, it’s not that simple, as these
currency pairs do not always deliver the desirable results to traders.

Before we dive into the trading currency
pairs, let’s see some of the most popular currencies out there. These are:

  1. US Dollar (USD)
  2. Euro (EURO)
  3. British Pound (GBP)
  4. Australian Dollar (AUD)
  5. Canadian Dollar (CAD)
  6. Swiss Franc (CHF)
  7. Japanese Yen (JPY)

Now, let’s see how they look in
pairs according to the category they fit in.
Currency pairs are divided into three categories. The “Majors“, the “Crosses” and
the “Exotics“, each with its own
characteristics.

1. The “Majors”
These currency pairs are always paired
with the U.S dollar
, with EUR/USD
being at the top of the currency pairs table as the most traded currency pair
in the market
. These are:

FXTB2

So why is the EUR/USD pair the most popular and traded pair ever?
Because both currencies represent two of
the biggest economies in the world!
Thus, trading this pair will result to
having tight spreads. And YES, this is a good thing because the lower the
spread is, the lower the fees you pay when you enter a trade.

2. The “Crosses”
These currency pairs do not involve the
U.S Dollar
.

These include and not limited to:

FXTB3

3. The “Exotics” *
These currency pairs include one major
currency
, this being the US Dollar, and one currency from a developing market. Some examples of exotic
currency pairs are:

FXTB4

Something
to note in this category: Exotics tend to be “trickier” in terms of price
fluctuation, due to economic factors. For example: A political result or
scandal in Mexico can cause the USD/MXN price to change unexpectedly!
Therefore… Trade at your own risk, if you’re about to trade with these pairs
(well, you should always be careful when trading)!

So, as we’re approaching to the
end of this useful educational article, it
is advised for less experienced traders, NOT TO trade with multiple currency
pairs simultaneously
! We recommend that you make yourself comfortable whilst trading on a demo account, as this
will make you gain confidence and at the same time potentially achieve better
results! Well, we can’t guarantee that, but you get the gist. Once you’ve mastered currencies, you can
slowly expand you trading abilities and start trading with new currency pairs!

Don’t you agree?

This article was submitted by ForexTB.
For bank trade ideas, check out eFX Plus

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