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If you want to get involved in forex trading (or if you have already been doing it for some time), you need to know that it is a complex and multifaceted enterprise. When dealing with it, you should understand the fundamental aspects of this process linked to currencies, business environment, geopolitical news, and many other elements. This knowledge is an essential foundation on which you may build your forex success if you are lucky and skillful enough.
Meanwhile, even keeping this vast mass of information in mind, you still have to obtain a basic understanding of the forex sphere as it is. A starting point from which you can launch your exploration is learning more about the personal account you will use for trading operations. In this field, there is a huge variety of options from which you may choose the one most suitable for starting your career. At the very least, you’ll have to decide whether you want to practice in the safe environment of the demo account or if you are ready to throw yourself into the bulk of risks and opportunities with the live account.
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However, this classification is merely a tip of an iceberg. Sooner or later, you’ll have to decide on more complicated characteristics of your trading profile. This article will help you navigate the complex classification of forex platforms so that you will be able to select a platform and an account with the consideration of all the criteria that are the most suitable to your style, strategy, and trading personality.
Criterion 1: Downloadability.
First and foremost, when looking at different types of forex platforms, one can notice that some of them are downloadable while others are not. Versions of the platform belonging to the first type can be downloaded from the places of their storage and installed on the devices on which they are to be used. In essence, the platforms of this type can be viewed as applications or other software pieces. Today, there are downloadable trading platforms for various types of devices (personal computers, tablets, phones, etc.), as well as different operating systems.
As for non-downloadable platforms, the main thing that distinguishes them from their counterparts is the ability to reach these platforms online. To use them, you don’t have to download any files and install any applications. Instead, you reach for the web address where the platform can be found, log in to the system, and use it in a way you prefer.
When choosing between these two types of platforms, traders should consider the circumstances in which they will be used, the power of their devices, the stability of the Internet connection, and a number of other factors that usually make the difference between installed programs and online platforms. Without these factors, it is impossible to say which of the two types of platforms is objectively better. As always, it all depends on the specific circumstances that may change each time.
Criterion 2: Programming Language.
Forex platforms are complicated pieces of programming aimed at performing a variety of different multifaceted tasks. Therefore, programming languages used to code each of them plays a significant role in the peculiarities of their functioning. Depending on the programming language used, the existing forex platforms can be divided into several main types. Their list includes (but is not limited to) MT4 and MT5 MetaTrader, TradeStation, Currenex, cTrader, and ActTrader. Among these platforms, MT5 MetaTrader is the most widely used. You can reach it through the following link: https://nsbroker.com/web-trading. However, you can choose any platform you prefer, depending on your taste, criteria, and trading style.
Criterion 3: Availability of a Dealing Desk.
Forex platforms can come with or without a dealing desk integrated into them. Dealing desks are the particular elements of the platforms that provide a connection space for forex traders and brokers with whom they interact. A dealing desk is the starting point from which trader’s activities begin, as it includes the whole spectrum of information about the deal, from the type of the operation to pricing. The aggregators such as MetaTrader, Currenex Classic, ActTrader, and some others are vivid examples of platforms with dealing desks available.
The platforms without dealing desks are also frequently referred to as those having direct market access. As it is obvious from their very name, the main distinguishing feature of these platforms is the lack of a dealing desk, due to which brokerage agencies play slightly different roles in the trading operations conducted there. Traders obtain the essential information directly from liquidity providers, limiting the brokers’ mediative role in their operations. Among the platforms lacking dealing desks, one may distinguish such services as cAlgo, cTrader, Currenex Viking, and others.
When you get involved in forex trading, you should realize that this sphere is both risky and rewarding at the same time. It can have many pitfalls and peculiarities that make a difference between your success and failure. Therefore, it is in your best interest to learn as much about this trading sphere as possible. Getting to know your options when selecting a platform is an essential step that should precede any serious actions in the forex sphere. We hope that this article provided you with a general understanding of different forex trading platforms that exist today. If you keep this knowledge in mind and deepen it with time, you will have a high chance of succeeding in forex trading.
(Disclaimer: The article is sponsored and hence promotes some commercial links.)
According to sources, road leading to Badrinath has been repaired and helicopter service has also resumed.
Meanwhile, Uttarakhand Chief Minister Pushkar Singh Dhami visited Dungi village and met families of people who were missing after the landslip incident, and consoled them.
Dhami assured them of all possible assistance. Two people from the village are still reported to be missing.
Pilgrims were seen leaving from Rishikesh Char Dham Bus terminal and Haridwar bus station for the pilgrimage since morning.
As per the state government, various departments -- Devasthanam Board, police are assisting the pilgrims.
Police Chowki Yatra Bus Terminal, Rishikesh, was announcing passenger-information via loudspeaker.
Free RT-PCR tests of pilgrims were being conducted at Rishikesh bus terminal.
Uttarakhand Char Dham Devasthanam Management Board's media in-charge Dr Harish Gaur said pilgrimage was on in Kedarnath, Gangotri and Yamunotri, while for Kedarnath, helicopter service was also available.
Though the weather was cold in all dhams, thankfully there was no rain, he added.
Portals of the temple in Badrinath will close on November 20, Gangotri on November 5, while that of Kedarnath and Yamunotri on November 6.
Uttarakhand floods, triggered by a major downpour from October 17 to 19, have claimed 65 lives so far, 3,500 people have been rescued while 16,000 evacuated to safety.
Seventeen teams of National Disaster Response Force (NDRF), seven teams of State Disaster Response Force (SDRF), 15 companies of Provincial Armed Constabulary (PAC) and 5,000 police personnel have been engaged in rescue and relief operations.
The state has already been provided with Rs 250 crore Disaster Fund which is being used for relief works.
To prevent spread of the diseases, the Central and state governments have decided to send medical teams to the affected areas.
Snapped power lines will be restored at the earliest, the government assured.
The state government said that as soon as alert for heavy rainfall was issued, the Incident Response System was activated at state and district levels, and pilgrims were halted at safer places. (IANS/JB)
Keywords: Uttarakhand, India, Char Dham Yatra, PushkarDhami, Rishikesh.
The sources aware of these developments said that the Centre was hopeful that a successful solution of the six decades-long peace talks would arrive at a logical conclusion, but in the recent statements, Naga leaders have accused the Centre of offering post-solution options.
Sources quoting the stand of Naga leaders said that NSCN's stand was loud and clear that it would not follow the forbidden route to the Naga solution that was linked to foregoing the Naga national flag and Constitution, which is the face of the Naga political struggle and identity.
The Naga leaders have also said that the Centre has been using divisive policy and flattery in the name of finding the Naga political solution when the matters heated up.
When the Centre resumed the peace process in September this year and sent the former special director of the Intelligence Bureau (IB) A.K. Mishra as the Ministry of Home Affairs' emissary to the rebel outfit's chief negotiator and general secretary T. Muivah, he assured him (Muivah) that the peace talks would be initiated under the original framework signed in 2015, a source in the Naga rebel group said.
"Here we are talking about the Naga national flag and Yehzabo (Constitution), the two issues that are holding up the Naga solution under the ongoing Indo-Naga political talks in Delhi.
"The chequered history of the Indo-Naga political issue is clear enough before us, with accords and agreements that were never meant to be implemented in letter and spirit", an important office-bearer of the rebel outfit said while criticizing the governments' stand.
Accusing the Centre, he further accused the Centre of persuading the Naga people again to accept whatever is being offered to hurry up the Naga talks.
On the invitation of the Centre, the senior leaders of the NSCN-IM including T. Muivah arrived in the national capital on October 6 this year to hold another round of talks with the Centre.
Both, the Centre and the Naga leaders had indicated their keenness on resolving this long pending issue by the end of this year in an amicable manner.
Assam Chief Minister Himanta Biswa Sharma, who is also chairman of North East Democratic Alliance (NEDA), and Nagaland Chief Minister Neiphiu Rio had been actively involved in the resumption of the peace talks and taking it forward to a logical conclusion.
Soon after the transfer of Nagaland Governor R.N. Ravi, who was appointed as the Centre's interlocutor for the Naga peace talks on August 29, 2014, to Tamil Nadu, the peace talks resumed on September 20 in Kohima when the Centre representative met the Naga leaders and invited them to visit Delhi for further rounds of peace talks.
The NSCN-IM and the other outfits entered into a ceasefire agreement with the Government of India in 1997 and over 80 rounds of negotiations with the Centre have been held in the past in successive governments. (IANS/JB)
Keywords: Nagaland, India, Constitution, Politics, Flag.
"The fifth match of the LV= Insurance Test Series between England Men and India Men has been rescheduled and will now take place in July 2022. The match, which was due to take place last month at Emirates Old Trafford, was called off when India were unable to field a team due to fears of a further increase in the number of Covid-19 cases inside the camp," said an ECB statement.
"With India leading the series 2-1, the concluding fifth match will now take place from July 1, 2022, at Edgbaston, following an agreement between the England and Wales Cricket Board (ECB) and the Board of Control for Cricket in India (BCCI)," added the statement.
ECB also said that due to the rescheduled Test, the white-ball series between England and India will now start six days later than originally planned. The T20I series will begin on July 7 at Ageas Bowl with Edgbaston and Trent Bridge hosting the second and third matches respectively on July 9 and 10. It will be followed by the ODI series starting on July 12 at The Oval followed by Lord's and Old Trafford hosting the second and third ODI on July 14 and 17 respectively.
"Ticket holders do not have to take any action as all tickets will remain valid for the equivalent rearranged matchday at their host venue. Host venues will communicate the new fixture details to ticket purchasers and the options available to them, including the timeframe for requesting a refund if they are not able to attend the new match day," further said the statement.
"We are very pleased that we have reached an agreement with BCCI to creating a fitting end to what has been a brilliant series so far. I'm very grateful to all the venues involved for the cooperation they've shown in allowing us to reschedule this match. I'd also like to thank Cricket South Africa for their support and understanding to allow these changes to be possible," said Tom Harrison, the CEO of the ECB.
"We would like to apologise again to fans for the disruption and disappointment of September events. We know it was a day that so many had planned long in advance. We recognise that accommodating this extra match means a tighter schedule for the white ball series. We will continue to manage our players' welfare and workloads through next year while we also continue to seek the optimum schedule for fans, players and our partners across the game."
"I am delighted that the England-India Test series will now have its rightful conclusion. The four Test matches were riveting, and we needed a fitting finale. The BCCI recognizes and respects the traditional form of the game and is also mindful of its role and obligations towards fellow Board Members. In the last two months, both BCCI and the ECB have been engaged in discussions and our efforts were aimed at finding a suitable window. I thank the ECB for their understanding and patience in finding an amicable solution," said BCCI Secretary Jay Shah. (IANS/JB)
Keywords: India, Britain, BCCI, Test Match, Cricket.