Compare forex and CFD brokers that are authorised in India, side by side, using the forex broker comparison tool or the summary table below. This broker list is sorted by my overall rankings of the top forex brokers and includes brokers who accept residents of India as clients. * List of countries eligible to receive no deposit bonus: We offer market leading safeguards for our clients by segregating and insuring their funds. Brokers offer no-deposit bonuses to attract new customers. No-deposit bonuses typically involve the broker providing the customer with a small amount of equity, which allows them to learn how to trade Forex without the fear of losing their own money. In addition to its competitive offerings, OctaFX provides a no-deposit bonus ranging from $8 to $16. Traders can easily register an account on the broker’s official website and take advantage of this bonus. It’s important for traders to review the terms and conditions associated with the no-deposit bonus to fully understand its requirements and limitations.
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Yes, pip hunting is often used interchangeably with scalping in forex trading. Both involve seeking small price movements (pips) for quick profits, employing short-term, high-frequency trading strategies, and tight risk management. Another example is the Turkish lira, which hit 1.6 million per dollar in 2001, exceeding the capacity of several trading systems. The exchange rate was called the new Turkish lira when the government removed six zeros from it. The average exchange rate in January 2021 is a more realistic 7.3 lira per dollar. Overall, understanding PIPs and how to calculate them is essential for traders of all strategies, as they are used to measure the smallest changes in value of any asset. Calculating PIPs will help traders accurately gauge the profits and losses associated with their trades, allowing them to make better decisions about their trades and maximizing their chances of success in the markets.