Theforex market is the place where buying or selling of currencies happens. Pair is made up of two different currencies, where one is called the base currency, while the other is called the quote currency.

What is the forex market?

Have you ever heard of a dog fight? That is what the forex market is, except that the dogs are not really dogs in this pit but the different currencies.

However, the idea of foreign exchange can be when a traveller travelling from his or her home country to a different country has to get the currency changed into the fiat currency that is prevalent in the host country. While this is the basic idea, forex trading takes everything up a notch by adding many different features in the whole game.

What are the ways to earn in the forex market?

There can be various ways to earn in the forex market. The basic ways to the most complex of the. All have one thing in common, and that is buy low and sell high. Now let us look at the different ideas of trading in forex to earn money.

What is Leverage?

Most traders take leverage as a bad way and think that it is primarily the way of losing money more than rapidly, but the truth is that if used carefully, leverage can help a lot of traders to attain their financial goals much earlier than they thought it would take.

The way leverage works is very interesting. Let us assume that a broker is offering leverage of 1:500. The trader here can enter a market of five hundred dollars with just one dollar a capital. A trader can enter a market of five hundred thousand dollars with just five hundred dollars.

This is more than better for a novice since they generally have less capital, and forex is the most profitable market.

The forex market is responsible for more than six trillion dollars traded in one single day. Since the market is that liquid, there are various money-making opportunities for the traders which assure massive returns.

What are future contracts?

This is another trading strategy that can help a trader earn some quick money. A futures contract involves two parties where one party predicts that the market is either falling or rising and then make the bets accordingly. Another party that thinks that money can be made off of this deal enters the deal. Shortly, when the contract’s maturity date arrives, both parties have seen the result.

How does a futures contract work?

When a party speculates that an asset’s price will fall (the asset is a currency pair here) and another party predicts rates will rise, they enter a contract. This contract has an opening date and a closing date.

The fate of the contract is decided on the day it closes or matures. Suppose the price does fall, then the selling party is in a loss or the price rises, then the selling party is in profit. It has to be kept in mind that the asset’s price on an opening day does not matter, the price on the closing day is what matters the most, and that is how they win or lose situation is decided.

What is Trading forex in options?

Options trading is almost the same as a futures contract or trading in contract for differences. Here the trader has liberty, not a liability, to actually own the underlying asset on which the trade is conducted. In trading for CFDs or contracts for differences, the traders have to show that they have ample space for the number of assets they are betting on, just in case they actually have to store them.

For example, a trader trading CFDs in oil barrels might have to shoot if he or she has the space to hold, say, 1000 barrels of oil.

This is not the case with options trading. Here, there are two types of calls: the put and the call. The put-call means that the trader is open to selling, and the “call” means that the trader is open to buying. If a trader sees a market move that is about to move in a favourable direction, he or she makes the buy to make a profit, and when there is a chance of the market falling, traders generally look at selling their options.

Conclusion:

Entering the forex market is relatively easy because of trading tools like leverage, margin trading, and some of the features mentioned above. But the fact is that all of these can also harm the traders in an unprecedented way. The traders are advised to sue them carefully because once the market turns on to the trade, there is nothing but chaos.

Looking up to a good broker can be of great help. One such broker is HFTrading. The broker has been around for a lot of ties and works around New Zealand and Australia.

Benefits of Bank Jobs in India

by

The Banker

Historically, Indians have valued job and financial security very highly and continue to do so. In modern times, the IT industry has created an explosion in India revolutionizing everything from people’s lifestyle to their work ethics and expectations. Change is sweeping into every area of human life and many government departments including the bank jobs and is going through a great deal of growth and modernization.

Growth automatically equates to greater opportunities and Indians are vying with each other in the form of several competitive exams that are conducted in order to employ the brightest Indian minds for serious careers in various government departments including the banking sector. Growth and development in the banking sector has given rise to great many new career opportunities in diverse fields such as the share market, loan facilities, mutual funds, Demat accounts, insurance schemes — a vast range of services.

A total array of wealth development and management services has been made available by most of the banks in keeping with the competition from worldwide private-sector banks. This has allowed for people with specialized and technical knowledge to become employed with government banks and avail of both attractive financial as well as career growth opportunities. Areas such as foreign exchange, commodities exchange, crude oil and petroleum exchange, precious metals exchange inclusive of gold and silver, direct interaction with FIIs [Foreign Institutional Investors] as well as India’s largest public sector and private sector businesses are all part of the driving force behind what is going to directly affect India’s future. The opportunity to work in these fields and contribute to building India’s future is definitely a precious opportunity in one’s lifetime.

Benefits of Bank Jobs

Pay and Perks:Professions and jobs which provide regular and reasonable working hours, lucrative pay packages including pension etc., stability, status, respectability as well as peaceful and conducive work environments. Other perks such as holiday benefits, medical benefits, loan provisions, travel allowances, appointments on compassionate grounds for relatives of deceased employees, scholarships and other benefits for children of employees are always extremely sought-after.

Respectability and Growth Opportunity:The Indian government has taken great pains to ensure that its employees are taken very good care of. Most if not all the above mentioned benefits are provided, and therefore, Indians have made it one of their primary avenues when looking to begin a career. In this regard, Bank Jobs has been held in very high esteem because they provide great scope for entering into a career that is not only attractive in terms of financial benefits, but also provides for challenges and growth opportunities galore.

Pride and Privilege:Bank jobs along with other government jobs also give any Indian the added privilege and pride because they allow one to serve the country as well as its citizens. In effect, a career in a bank allows one to become a part of something greater than oneself, to serve a greater cause and that’s invaluable!

Competitive ExaminationsThe burgeoning awareness of the importance of a good education and professional qualifications to improve one’s career opportunities has increased the talent pool manifold in India consequently giving rise to intense competition for every post. The Indian government has resorted to a range of competitive exams designed to identify the brightest and most eligible citizens for every job opening.

Exams are routinely conducted for the Indian administrative services; CET or common entrance tests are conducted for students applying to professional courses. Other exams are held for teaching posts as well as other technical specialties. Thorough research on the Internet can provide extremely accurate information about the necessary qualifications for eligibility regarding any of these examinations as well as availability of present job vacancies in the government and banking sector.

Competitive Exams in the Banking Sector: The Reserve Bank of India [RBI], which is the independent overseeing body that governs and implements laws and guidelines that are followed by the banking sector. For their recruitment they conduct independent competitive examinations to ascertain the most eligible candidates.

The State Bank of India [SBI], which is one of the primary government banks in India also holds its own competitive examinations and other rounds of interviews etc. in their recruitment process.

The Institute of Banking Personnel [IBPS] conducts a common written examination for 19 government sector banks. The next exam will be conducted in September and are held every six months. It has become essential to have good marks in this exam before applying for most public sector banks. This examination gives you the opportunity to compete for both the Position of Probationary Officer and the Clerical cadre. It is also extremely cost-effective as the payment for a single written test makes you eligible for hundreds of job vacancies that may be available in the 19 government sector banks.

The eligibility criteria are:

Clerical cadre position: the candidate must have at least 55% of marks from your Intermediate from recognized board. Age limit: Your age should be between 18 to 28 yrs.

Position of Probationary Officer: the candidate must have minimum 50% marks in your graduation from recognized university and 5% relaxation is available for SC and ST candidates. Age Limit: Your age should be between 18 yrs to 28 yrs.

Once a candidate shines in the written examinations they will be given the opportunity to attend Group Discussions and Personnel Interviews allowing the respective banks to get a clear picture of your skills, abilities, attitude and qualifications.

Hints to Help You Excel in the Competitive Examinations

The Standardized IBPS examination essentially consists of objective type questions from various subjects such as

Logical Reasoning

Basic computer Knowledge

English Aptitude

Quantitative Aptitude

General Knowledge

The Author is a career professional in a highly reputed government bank. As an expert on the functioning of public sector banks, she aims to share her wealth of knowledge for the benefit of the youth so that young Indians can achieve success in competitive

bank exams in India

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Benefits of Bank Jobs in India