Forex rules and regulation - LiteForex

Daytrading: Information for your everyday trader

Daytrading futures, forex, stocks, etc.
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/r/Forex Trading Community

Welcome to FXGears.com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /Forex is the official subreddit of FXGears.com, a trading forum run by professional traders. FXGears.com hosts and moderates our chatroom, and has developed such tools as the chart bot you'll find available in chat.
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Central Africa apex bank issues hard forex rules

Central Africa apex bank issues hard forex rules
The new BEAC (Bank of Central African States) rules introduced in June were intended to clean up the money block flooded with petrodollars, which, due to poor control, often end up in offshore bank accounts after a complete bypass of the local economy.
https://preview.redd.it/huxma1nn4zl31.png?width=750&format=png&auto=webp&s=33d3fe2d1f5733232292edd26b58369d5f66bd8c
The rules include that all foreign currency transfers that exceed 1 million CFA francs ($1,680) must be subjected for approval by the bank and that all export proceeds above 5 million CFA ($8,400) will be repatriated within 150 days by local bank account.
According to entrepreneurs, the efforts of the BEAC to combat money laundering and replenishment of thin foreign exchange reserves lead to acute currency shortages and delays in operations through the currency union of six countries.
The central African CFA union includes the former French colonies of Chad, the Republic of Congo, Equatorial Guinea, Gabon, Cameroon, and the Central African Republic. All but the last one are among the largest oil producers in sub-Saharan Africa, whose financial transactions are amongst the most non-transparent in the world.
The bank also ordered to close onshore accounts in foreign currency, some of which may be reopened with its consent, and banned the use of offshore accounts by companies existing in the region without prior permission.
Businesses have complained that they have been waiting for months to take hold of hard currency and cannot import materials or pay suppliers.
Major mining and oil companies have the most significant influence on lobbying for change.
Responding to complaints, the BEAC has extended the deadline for companies to comply by December 1, instead of the original September 1.
Oil companies refused to comment while negotiations were ongoing, as other multinationals did, such as telecommunications companies.
The IMF called on the central bank to increase its reserves in foreign currency, which is estimated at 2.7 months of import coverage at the end of last year, which is extremely low for a region with such an extensive amount of oil. The bank agreed to extend this period to five months by 2022, as IMF papers show, and the new rules are to force banks to keep their foreign currency in BEAC.
The IMF spokeswoman said that the revised rules did not introduce new foreign exchange controls or restrictions on capital flows. They are rather aimed at clarifying certain requirements. She also added that they are expected to help the region adhere to the “rules of anti-money laundering and combating the financing of terrorism.”
The information above cannot be considered as investment advice and past results do not indicate future performance.
Risk Warning: CFDs are high risk products.
submitted by Oinvest1 to u/Oinvest1 [link] [comments]

Netflix is violating RBI’s two-factor authentication and forex rules for payments

Netflix is violating RBI’s two-factor authentication and forex rules for payments submitted by mass_maharaja to india [link] [comments]

Forex Rules in India

Forex Rules in India
People travel all around the world and when they land up in a foreign country they require that particular country’s currency in order to buy goods and services. Here foreign exchange comes into the picture, which helps you in exchanging the currency of one country into that of another. The largest and the most liquid financial market in the world is the foreign exchange. Here are some international currency exchange guidelines that are to be followed in India. When going on a leisure trip abroad, the maximum amount of foreign currency that can be taken is USD 25,00,00 per traveller in a single financial year. Out of that, only $3000 can be carried as cash. The remaining balance should be carried around as traveller’s cheques, forex cards and remittances. But when on a trip to Nepal or Bhutan for any purpose, no forex currency exchange will be available.
https://preview.redd.it/yv2qhmp8nev21.png?width=1400&format=png&auto=webp&s=28be5c84b94de148d85d52f473dd17a7808f6644
  • When going on a leisure trip abroad, the maximum amount of foreign currency that can be taken is USD 25,00,00 per traveller in a single financial year. Out of that, only $3000 can be carried as cash. The remaining balance should be carried around as traveller’s cheques, forex cards and remittances. But when on a trip to Nepal or Bhutan for any purpose, no forex currency exchange will be available.
  • The documents that are required when purchasing foreign currency are a valid visa, passport and a confirmed air ticket.
  • You can use traveller’s cheques on your trip. They can be encashed or used at banks, hotels, restaurants, bureaus, shops and other establishments. They can be used in over 400,000 locations spread across 200 countries. With a traveller’s cheque, your trip can be hassle-free and convenient.
  • When you buy forex, it must be purchased 45 days prior to the date of travel.
  • When you are in a foreign country, the maximum amount that you can carry around as cash is $3000. You can also carry a forex card when on your trip.
  • Traveller’s cheque can be used anytime as it has no validity period. If you were unable to use the traveller’s cheque in your previous trip, you can use them in your next trip.
To know another Foreign Currency Exchange Guidelines in India, visit source blog.
Source: https://yourexpertguide.wordpress.com/2019/04/29/foreign-currency-exchange-guidelines-in-india/
submitted by travelmoneyindia to u/travelmoneyindia [link] [comments]

Top Ten Forex Rules for successful Trading

Top Ten Forex Rules for successful Trading submitted by MxInvesting to u/MxInvesting [link] [comments]

@FT: Forex rule book closes window on ‘last look’ practice https://t.co/jXxlas4ICZ

@FT: Forex rule book closes window on ‘last look’ practice https://t.co/jXxlas4ICZ submitted by -en- to newsbotbot [link] [comments]

[Tech] - China Tells Bitcoin Exchanges to Follow Forex Rules

[Tech] - China Tells Bitcoin Exchanges to Follow Forex Rules submitted by AutoNewsAdmin to WSJauto [link] [comments]

[Business] - China’s newly-tightened forex rules unlikely to stem overseas property binge, say analysts

[Business] - China’s newly-tightened forex rules unlikely to stem overseas property binge, say analysts submitted by AutoNewsAdmin to SCMPauto [link] [comments]

China Tells Bitcoin Exchanges to Follow Forex Rules

China Tells Bitcoin Exchanges to Follow Forex Rules submitted by KellyfromLeedsUK to PrintingShop [link] [comments]

[Business] - China’s newly-tightened forex rules unlikely to stem overseas property binge, say analysts | South China Morning Post

[Business] - China’s newly-tightened forex rules unlikely to stem overseas property binge, say analysts | South China Morning Post submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]

[Op-Ed] - Enforcing forex rules not currency control | China Daily

[Op-Ed] - Enforcing forex rules not currency control | China Daily submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]

[Op-Ed] - Enforcing forex rules not currency control

[Op-Ed] - Enforcing forex rules not currency control submitted by AutoNewsAdmin to CHINADAILYauto [link] [comments]

Malaysia’s central bank says fund broke forex rules

Malaysia’s central bank says fund broke forex rules submitted by rotoreuters to betternews [link] [comments]

FXGlory Broker? Scam or not?

hey guys, does anyone have any experience with FXglory as a forex broker?
Im looking for a swap-free forex broker in the US that is legal. At least like how Hugosway is where its not a scam and works and is legal, but swap-free.
I know in the UK there are brokers that are swap free and they just charge a flat fee in a different way or so. But in the US, the forex rules are more strict thanks to the government.
(Please dont ask why I need a swap-free broker; its for religious reasons because swap involves interest)
submitted by fazrah00 to Daytrading [link] [comments]

2% Money Management Rule | Forex Trading Made Easy

2% Money Management Rule | Forex Trading Made Easy submitted by MariusL15 to u/MariusL15 [link] [comments]

2% Money Management Rule | Forex Trading Made Easy

2% Money Management Rule | Forex Trading Made Easy submitted by HopefulStop9056 to u/HopefulStop9056 [link] [comments]

16 Golden Rules for making Profits in Forex Trading

16 Golden Rules for making Profits in Forex Trading

https://preview.redd.it/pdwcatajtst51.jpg?width=1200&format=pjpg&auto=webp&s=0c5c7348aa4ce5761de3e6bacec2b02ec28a6f12
90% of all traders would TRADE BETTER and get BETTER RESULTS if they:
1) Know how to find and follow the market trend.
2) Exercise caution and wait to check for trend confirmation before placing trade entries.
For more info, click: https://medium.com/@musalawal/16-golden-rules-for-making-profits-on-olymptrade-platform-7e6f80097818
submitted by MxLawal to OlympTradeNigeria [link] [comments]

Forex is all about the rules, follow the rules while the profit follows you, simple!

Forex is all about the rules, follow the rules while the profit follows you, simple! submitted by Clinton_thegreat to Daytrading [link] [comments]

Right rules and perfect methods make a successful trader. #tradingrules #tradingplan #pricecharts #successfultrader #forex #trading #traderpulse

Right rules and perfect methods make a successful trader. #tradingrules #tradingplan #pricecharts #successfultrader #forex #trading #traderpulse submitted by traderpulse to u/traderpulse [link] [comments]

Ex-Citi London forex trader welcomes unfair dismissal ruling

Ex-Citi London forex trader welcomes unfair dismissal ruling submitted by newsbot_ to InNews [link] [comments]

Rules for Trading Forex

Forex markets can be volatile and uncertain at the best of times, and inexperienced traders can easily end up chasing their losses. Yet it is precisely this volatility that gives you the potential for major profits. These 10 rules of forex trading may give you the best chance of landing on the winning side. Please remember, however, that trading carries a high level of risk to your capital, and profit is not guaranteed. Over 95% of all new individuals lose all their capital in the first month of trading forex

1. Avoid forex trading software that claims to guarantee returns

While you’re on the hunt for forex trading software, be sure that you’re not taken in by promises of guaranteed returns. There is no forex trading software that can assure you of winning trades. If there was, why would anyone sell it?

2. Always use a demo trading account

We’ve all heard that practice makes perfect, and it’s true. A demo trading account can help you improve your trading skills with virtual trades in real markets. Once you’re skilled at demo trading, you can switch over to real-money forex trading. And even once you’re using a live account, you may still want to use your demo account to try out new forex trading strategies. Of course, you should always remember that your performance on a demo account may not be replicated in a live trading account.

3. Forex trading can be highly stressful – avoid emotional trading

Whenever real money is changing hands, the risk of loss is ever-present. Therefore you should base your trades on considered tactics and strategies. To avoid being led by your emotions stay focused on technical and fundamental factors and market news at all times.

4. Invest in a solid forex education

Knowledge is power – we all know that. Ensure that your forex provider gives you access to tutorials, webinars, expert financial analysis and commentary, an economic calendar, graphs and charts, and even forex trading signals. All of these tools will work to improve your trading performance. The ultimate goal is to generate greater profits than losses over time, even if you have less winning trades than losing trades.

5. You can learn to trade forex successfully

No forex trading system guarantees success (see rule 1) but some may be used as reliable guides. If you learn from the experience of successful forex strategists, your likelihood of success is far greater. But remember, when judging the results of any system or any expert, that past performance is not a reliable indicator of future results.

6. Manage your forex capital wisely

The forex markets can change on a dime, as currency markets are often characterized by high volatility. If you have generated winning trades, be sure to manage your profits. Use stop-loss and limit orders, closeout positions, and hedge your exposure to the best of your ability. Be sure that you are in control of your capital at all times.

7. Manage your investment-per-trade wisely

This is one of the most crucial aspects of forex trading. Many traders fail to heed this important advice: Don't trade more than one currency at a time. Doing so puts you at a significant risk of loss. If you spread your investments over a wide number of trades, you limit your overall losses by not putting all your proverbial eggs into one basket!

8. Use common sense

If you know you’re trading a strong currency against a weak currency, chances are the strong currency will dominate. We are going through a period now where USD is a strong global currency. With a Fed rate hike looming, you may want to back USD against emerging-market currencies. Use your common sense when judging the effect of current and upcoming events.

9. Ensure you use risk protection strategies at all times

Risk protection varies from one trader to the next. However, you can limit your risk by managing your capital wisely, limiting the amount you trade per position, using forex trading signals, trading with greater knowledge, hedging your trades, and using specific technical strategies. Your key risk protection tool is always your stop-loss order. Remember, however, that stop-losses are not guaranteed and you can lose more than your initial deposit.

10. Be especially cautious about overextending yourself with leverage

Leverage allows you to increase the size of trade you can control with your investment capital. It magnifies your profits but it can also magnify your losses. Be sure to limit the leverage you use so you don’t get into serious financial trouble.

The bottom line

By following these 10 golden rules to forex trading, you should find yourself in a much better position over the long term. Your focus should always be on trading currency pairs that you understand, in a way that does not expose you to too much risk. Read up about market conditions likely to impact upon the currencies you’re trading, limit your leverage to an affordable amount, and use a demo trading account to understand the market dynamics.
submitted by ShelSingh to u/ShelSingh [link] [comments]

Rules for Trading Forex

Rules for Trading Forex

Forex markets can be volatile and uncertain at the best of times, and inexperienced traders can easily end up chasing their losses. Yet it is precisely this volatility that gives you the potential for major profits. These 10 rules of forex trading may give you the best chance of landing on the winning side. Please remember, however, that trading carries a high level of risk to your capital, and profit is not guaranteed. Over 95% of all new individuals lose all their capital in the first month of trading forex
  1. Avoid forex trading software that claims to guarantee returns
While you’re on the hunt for forex trading software, be sure that you’re not taken in by promises of guaranteed returns. There is no forex trading software that can assure you of winning trades. If there was, why would anyone sell it?
  1. Always use a demo trading account
We’ve all heard that practice makes perfect, and it’s true. A demo trading account can help you improve your trading skills with virtual trades in real markets. Once you’re skilled at demo trading, you can switch over to real-money forex trading. And even once you’re using a live account, you may still want to use your demo account to try out new forex trading strategies. Of course, you should always remember that your performance on a demo account may not be replicated in a live trading account.
  1. Forex trading can be highly stressful – avoid emotional trading
Whenever real money is changing hands, the risk of loss is ever-present. Therefore you should base your trades on considered tactics and strategies. To avoid being led by your emotions stay focused on technical and fundamental factors and market news at all times.
  1. Invest in a solid forex education
Knowledge is power – we all know that. Ensure that your forex provider gives you access to tutorials, webinars, expert financial analysis and commentary, an economic calendar, graphs and charts, and even forex trading signals. All of these tools will work to improve your trading performance. The ultimate goal is to generate greater profits than losses over time, even if you have less winning trades than losing trades.
  1. You can learn to trade forex successfully
No forex trading system guarantees success (see rule 1) but some may be used as reliable guides. If you learn from the experience of successful forex strategists, your likelihood of success is far greater. But remember, when judging the results of any system or any expert, that past performance is not a reliable indicator of future results.
  1. Manage your forex capital wisely
The forex markets can change on a dime, as currency markets are often characterized by high volatility. If you have generated winning trades, be sure to manage your profits. Use stop-loss and limit orders, closeout positions, and hedge your exposure to the best of your ability. Be sure that you are in control of your capital at all times.
  1. Manage your investment-per-trade wisely
This is one of the most crucial aspects of forex trading. Many traders fail to heed this important advice: Don't trade more than one currency at a time. Doing so puts you at a significant risk of loss. If you spread your investments over a wide number of trades, you limit your overall losses by not putting all your proverbial eggs into one basket!
  1. Use common sense
If you know you’re trading a strong currency against a weak currency, chances are the strong currency will dominate. We are going through a period now where USD is a strong global currency. With a Fed rate hike looming, you may want to back USD against emerging-market currencies. Use your common sense when judging the effect of current and upcoming events.
  1. Ensure you use risk protection strategies at all times
Risk protection varies from one trader to the next. However, you can limit your risk by managing your capital wisely, limiting the amount you trade per position, using forex trading signals, trading with greater knowledge, hedging your trades, and using specific technical strategies. Your key risk protection tool is always your stop-loss order. Remember, however, that stop-losses are not guaranteed and you can lose more than your initial deposit.
  1. Be especially cautious about overextending yourself with leverage
Leverage allows you to increase the size of trade you can control with your investment capital. It magnifies your profits but it can also magnify your losses. Be sure to limit the leverage you use so you don’t get into serious financial trouble.
The bottom line
By following these 10 golden rules to forex trading, you should find yourself in a much better position over the long term. Your focus should always be on trading currency pairs that you understand, in a way that does not expose you to too much risk. Read up about market conditions likely to impact upon the currencies you’re trading, limit your leverage to an affordable amount, and use a demo trading account to understand the market dynamics.
submitted by ShelSingh to FxKings [link] [comments]

http://twitter.com/forex_in_world/status/1277699076751069185EUR/USD Forecast: Wait-and-scrutinize continues amid ruling uncertainty https://t.co/gAi4PUKTSn— FOREX IN WORLD (@forex_in_world) June 29, 2020

http://twitter.com/forex_in_world/status/1277699076751069185EUUSD Forecast: Wait-and-scrutinize continues amid ruling uncertainty https://t.co/gAi4PUKTSn— FOREX IN WORLD (@forex_in_world) June 29, 2020 submitted by Red-its to forextweet [link] [comments]

The 3 Rules of Entering a Forex Trade  Trader Tips - YouTube Basic Rules Of Forex Trading - YouTube 12 RULES OF FOREX TRADING SUCCESS - YouTube 5 Forex Trading Indicators Rules You Must Follow - YouTube 5 Forex Trading Entry Rules You Need to Know - YouTube Best Forex scalping strategy...Understanding the rules ... Forex Trading Rules How These 8 Rules Turned Me Profitable In Forex - YouTube

Each of the rules below is important, but when they work together the effects are strong. Keeping them in mind can greatly increase your odds of succeeding in the markets. So what are the 10 golden rules of forex trading to help you trade successfully? 10 Golden Rules For Successful Trading. It is important for you as a trader to continuously condition yourself for success. Prior to starting your day trading, it's essential to go through your trading rules. Take a few minutes each day to complete it. This process should be rather be considered a constant ... Justforex is a retail Forex broker that provides traders the access to the foreign exchange market and offers great trading conditions on accounts such as Standard Cent, Standard, Pro, Raw Spread, a wide choice of trading instruments, a leverage up to 1:3000, tight spreads, market news, and economic calendar. JF Global Limited does not offer and does not provide services to residents or ... Forex markets can be volatile and uncertain at the best of times, and inexperienced traders can easily end up chasing their losses. Yet it is precisely this volatility that gives you the potential for major profits. These 10 rules of forex trading may give you the best chance of landing on the winning side. Please […] Forex Education; Forex Course; 132. Rules Of Trading Divergence. By. Reddy Shyam Shankar - 24 June, 2020. 314. 0. Facebook. Twitter. Pinterest. WhatsApp. Linkedin. ReddIt. Email. Print. Tumblr. Telegram. StumbleUpon. VK. Digg. LINE. Viber. Introduction. Divergence is used by traders to determine if there is going to be a reversal or a trend continuation. They sometimes work exceptionally well ... Forex rules and regulations are bodies of laws which guides trading in the forex market. They are usually written by a regulatory body and all forex traders are mandated to abide by its tenets if they are really interested in trading in that region. The forex market which is a global online network where traders buy and sell currencies is controlled and regulated by some rules and regulations ... New rules bring no change to forex accounts access: SBP The Newspaper's Staff Reporter Updated 12 Oct 2020. Facebook Count. Twitter Share . Email. Your Name * Recipient Email * 4. A day after news ...

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The 3 Rules of Entering a Forex Trade Trader Tips - YouTube

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