How Online Operators Have Opened Up the Forex World


The world of forex is a matrix of numbers, stats and ever shifting decimal places, all of which make earning a profit a tricky task. However, thanks to the evolution of online operators, the market has not only become more accessible to the currency exchange novice, but also much easier to understand.

Today, when you trade forex at and sites of a similar standing, you’ll get access to expert tips, bonuses and affordable trading limits. In fact, it’s this final point that previously kept amateurs traders from making money on the foreign currency exchange.

Fortunately, the exclusivity of the forex world is now a thing of the past and it’s possible to invest just a few pennies and achieve a healthy return with a little bit of luck. However, before you rush off and start picking currency pairs to speculate on, it’s important to outline the nuances of the industry.

The first thing to outline is what forex trading actually is. Based in the currency market, the main premise behind forex trading is to predict whether or not a particular currency is going to get stronger or weaker against another.

To invest on the forex market, you have to choose a currency pair (e.g. GBP/USD) and then place money on whether the dominant currency (the one of the left of the equation) is going to improve or weaken against the lesser. Each notch (known technically as a pip) the currency changes will either win or lose you money based on how much you’ve invested.

For example, if you invested $0.10 per pip on the GBP/USD pairing, then each movement up or down will either make you $0.10 or lose you $0.10. Depending on how much risk you’re willing to accept, you can choose to cashout and end the trade whenever you wish.

Although the process of investing on the forex market is relatively easy, making money isn’t if you’re uninformed. Fortunately, online sites have made things infinitely easier through the following methods:

Daily News Feeds: Just like sports betting enthusiasts, professional forex traders like to keep up with the day’s news. An economic incident in Japan’s volatile markets, as discussed in 2013, will have an impact on the Yen’s performance in the currency market; so it’s vital to stay on top of the latest global headlines. Fortunately, sites offer direct feeds to your account. This means you can stay up-to-date with what’s going on in the world via your desktop and mobile device.

Charting: Collecting market data is relatively simple, but knowing what to do with it once you’ve collated it isn’t. To make life easier, online forex platforms now offer charting tools. Offered in various guises (the more advanced your status, the more complex charting software you’ll have access to), this type of software allows you to plot graphs and track developments over a specified period of time. These charts can then be analysed and used to make better investments.

Leverage: Without leverage, online forex trading wouldn’t be possible for the casual investor. When you’re trading online, the amount you invest is scaled up by a certain figure (leverage). The reason this happens is because forex trading on a major scale involves the buying and selling of units worth millions. Unfortunately, most of us can’t purchase millions of units, which is why leverage is used.

The amount of leverage offered by a site will change depending on the account status of an investor (beginners get more leverage) but an average would be 1,000X. This means your investment amount would get you 1,000X that figure in currency units. One point to note is that leverage can also be dangerous because the more you have the smaller a negative shift needs to be for you to lose a lot of money.

Bonuses: The final reason online forex trading has become more accessible to the casual investors are bonuses. Much like the online casino and poker world, forex operators often give out cash bonuses to new customers. Taking the form of a deposit bonus, the cash usually has to be unlocked before it can be cashed out (unlocked by completing a certain number of trades) and gives people a free way to learn the subtleties of the forex market.

Whether it’s through your desktop site or mobile device, forex trading is now a lot more accessible to the average investor. Although making a million won’t be an easy task, the range of tools offered by established trading sites should be enough to help anyone make a profit if they put their mind to it.

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TiE Institute Workshop – Are you Legally fit for VC investments? Bangalore 19th Dec

Tie Bangalore

In order to be attractive to VCs, early stage companies should, apart from having a sound business plan, also have several other legal factors in place, including strong contracts with employees and contractors, clear capitalization, up to date compliances, etc.

Apart from the above, one should also be aware of and be equipped for factors that would likely govern the future course of VC funded companies, such as market scenario, founder-investor synergies, level of involvement in the venture, timing of exit to name a few, which the workshop will aim to address.

Take aways from the workshop:
– Enables participants to identify and implement legal factors that would have a bearing on the attractiveness of early stage companies to VC funding
– Makes people aware of legal aspects that would typically govern the relationship between VCs and investee companies post funding

Workshop Agenda: Presentation for a duration of upto 30 minutes followed by Q&A session.
Facilitator :Rajesh N. Begur
Founder and Managing Partner

Register or know more:

INR 600/- for Members
INR 1200/- for Non Members

Thursday, November 28, 2013 – 6:00pm – 8:00pm

TiE Office
3rd floor, Divyashree Chambers Langford Road

More and more Raises $200 million From Existing Investors

flipkartBangalore based has received a funding of $200 million (Rs 1,200 crore) from four of its existing investors – Hedge fund Tiger Global Management LLC, venture-capital firm Accel Partners, South Africa-based media company Naspers and U.S. investment adviser Iconiq Capital LLC.

The deal values Flipkart at $1.5 billion, or over Rs 9,000 crore, according to a person with direct knowledge of the deal. “There was a lot of scepticism about Flipkart and e-commerce in India. This funding refutes that,” said Sachin Bansal, chief executive of Flipkart who co-founded the company with Binny Bansal in 2007.

The company plans to utilize the funds to improve its technology capabilities, logistics chain and staff strength as it shifts to a marketplace business model, where retailers use the online platform to sell brands to customers directly. The marketplace model will be cheaper compared with Flipkart’s current business model of first buying the products it sells through its website.

The Bansals, first met as undergraduates at IIT-Delhi and worked together at Amazon’s India office before they launched Flipkart.

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Property Portal Raises $7.5 million In Series C Funding

commonfloor-logoProperty portal has raised $7.5 million in a new round of funding by its existing investors, Tiger Global Management and Accel India. The company plans to utilize the funds to penetrate deeper into existing markets, expand marketing initiatives and invest in technology and product enhancement. had earlier raised Series A from Accel India in 2009 and Series B in 2012 from Accel India and Tiger Global Management.

Commenting on this development, Sumit Jain, Co-founder and CEO, said, “The online play in real estate is a billion dollar opportunity and being the fastest growing real estate portal in the country, we are ideally placed to make the most of this. It is also heartening to know that for many consumers out there, is the first choice when it comes to finding a suitable property. This round of funding by our existing investors is a vote of confidence in our business model and traction that we have built in a short time through our differentiated offerings.”

As per comScore, is the fastest growing real estate portal in the country growing by more than 100% year on year. In Bangalore, is the number one property portal as per Alexa traffic rank. Today has more than 1000 paying customers that include builders, agents and vendors. The company’s revenue has been growing by more than 100% every quarter and it aims to achieve a turnover of $25 million in the next two years.

The company has more than 60,000 projects listed on their portal and this is the largest compared to any property portal in India. The number of property listings has grown by more than 500% in the past financial year and the portal currently has more than one lakh live active listings. has also been leading innovation in the category with new features like ‘site visit’, using which customers who plan to buy a property can avail free pick up and drop cab facility to visit selected projects in Bangalore, Delhi-NCR, Hyderabad, Pune and Chennai. The feature aims to help customers visit a property they like without having to plan in advance for transport or directions. had also recently launched a mobile application for its users with unique features like augmented reality and map search which allows customers to view properties around them; using the camera on their phone. The company has offices in 7 cities – Bangalore, Gurgaon, Noida, Pune, Hyderabad, Mumbai and Chennai.

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Travel Search Engine Raises Funding of $17 Million

wegoLeading travel search engine has secured $17 million in growth capital through the completion of a Series C Preferred Share Offering. The investment round was led by Crescent Point with contributions from Victoria Capital and existing shareholder Tiger Global.  This brings Wego’s total capital raised to US$36 million.

A pioneer in the travel metasearch space across the Asia-Pacific region from its base in Singapore, Wego is now active in 52 markets and 30 languages globally with a particularly large user base in the fast developing markets of Indonesia, India, Southeast Asia and the Middle East. Wego generates more than US$10 million per day of potential bookings for their travel partners and has experienced rapid growth in recent years.

“We’re delighted to welcome Crescent Point and Victoria Capital as new investors. We also wish to thank Tiger Global for being great partners and for their renewed support,” said Ross Veitch and Craig Hewett, Wego Co-Founders.

The company plans to utilize the additional capital to step up investment in product and innovation, grow the team with top talent at all levels, scale marketing to grow Wego into a leading online travel brand and an ever more valuable source of customers for Wego’s hundreds of travel industry partners. Simultaneous to the closing of this round, Paul Bassat from Victoria Capital and a representative of Crescent Point have joined Wego’s board of directors.

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Rocket Internet Venture Foodpanda Raises $20 million Funding

foodpandaRocket Internet venture Foodpanda has raised over $20 million funding from a group of investors led by Investment AB Kinnevik and Phenomen Ventures. Foodpanda is based in Berlin. The company will be utilizing the funds for further expansion, growth and streamlining processes.

Foodpanda, based in Berlin and its affiliated brand hellofood entered 15 new countries, and is now active in 27 different markets. In India, Foodpanda is in partnership with more than 2,000 restaurants across 10 cities with some of the leading brands like Pizza Hut, Subway, Nirula’s, Baskin Robbins, Ammi’s Biryani, etc.

Once customers enter their location on foodpanda, they can browse through delivery options in that region. Before ordering, they can check out ratings, estimated delivery time and fees, look through the menu, and then place the order online. The approach is not only convenient for customers, but also helps restaurants increase their sales and distribution. Foodpanda helps restaurants to increase sales through online and mobile platforms (iOS and Android) and provides them with constantly evolving technology and analytics.

Foodpanda’s focus is on emerging markets in South America, Asia, Africa, and Eastern Europe. hellofood and foodpanda are offering their services in India, Indonesia, Malaysia, Pakistan, Singapore, Taiwan, Thailand, Russia, Argentina, Brazil, Romania, etc.

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Indian Angel Network presents "Chai @ IAN Funding Fundamentals – Are you ready for Investment?" on 18th April 2013, Gurgaon. Limited Seats, Register Now !!

IANAny idea can be invested but only if it is backed by a wonderful business concept, efficient team and clear vision. With rising opportunities it is important for an entrepreneur to understand and evaluate himself if he is ready for the funding. To understand better we will address this time crucial aspects like:

• What do investors look for?
• Mapping the start-up life-cycle with Investment needs.
• Different modes of funding available.
• Choosing the right investment for your business.
• Primer on Valuations.

Knowlarity Communications Pvt. Ltd,
Amsoft Business Centre, Unitech Trade Centre, Near Park Plaza, Sector 43, Gurgaon, India – 122001

For more Info & Registration:
Entry Fee: Rs. 750 Limited seats, on first come first serve basis.

For further assistance please contact:
Sunil:, Cell No. +91-9650021006

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RankJunction Raises Undisclosed Amount from Indian Angel Network

rankjunctionOnline ranking platform for competitive exams, RankJunction has raised an undisclosed amount from Indian Angel Network. Following this, Indian Angel Network members Jay Chopde and Ravi Kiran will join the RankJunction board. RankJunction will utilise the funds for product development and further expansion.

Founded by Sameer and Rashmi Gautam, RankJunction is an online platform for candidates of a prospective exam to come together at prescheduled time, take the test and get their ranks in advance. Its ‘Live Test’ feature is an online mock test which replicates the pattern, number of users and the difficulty level of the actual exam thus helping the users to understand their Preparation Level amongst the total candidates appearing for the exam.Currently, RankJunction has 1,00,000 users from more than 1,000 locations registered for its various services.

More and more Receives Angel Funding from Nadir Godrej

localcirclesCommunity-based local social network LocalCircles has received an undisclosed amount of investment from Nadir Godrej, managing director of Godrej Industries. Launched recently by Delhi Chief Minister Mrs.Shiela Dixit, enables citizens to connect with local communities, including neighbours, colleagues and teachers, and find assistance during emergencies like fire or accidents through web or mobile phones.

“I thought this was an unusual development. They are trying to bring local communities together, bringing considerable amount of social value, and that attracted me,” said Nadir Godrej, younger brother of group chairman Adi Godrej.

Membership to this free online platform is strictly invitation-based.

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MyPermissions Raises 1M for App Permissions Privacy

mypermissionsMyPermissions, an easy, powerful way to scan, control and clean up applications on Web and mobile accessing personal data, has received an investment of $1 million. Led by lool Ventures, 500 Startups and 2B Angels, with participation by Plus Ventures and Robby Hilkowitz, MyPermissions will use the investment to expand its product offering and accelerate the growth of its user base worldwide.

MyPermissions protects consumers’ personal information on the Web through two free products – MyPermissions Cleaner, a Web browser extension that lets users manage which applications and websites access their information and alerts users when a new app is accessing user data, as well as its mobile application Permissions, now available on both iOS and Android. By linking directly to application permissions pages for services like Facebook, Twitter and Google, MyPermissions alerts the consumer when an app is accessing their personal data, giving them control over their personal information again.

Olivier Amar, CEO of MyPermissions said,”Applications access personal data such as email, photos, contacts and location in order to make using services like Facebook and Twitter better and more robust, which is great. However, over time, consumers tend to quickly add up the number of apps constantly accessing their data, and revoking access later can be difficult. We’re excited to be able to build out our product offering, expand our reach globally, and give more consumers the control they deserve over who accesses their personal information.”

Based in Israel, MyPermissions was founded in 2012 and is backed by 2B Angels, 500 Startups, Lool Ventures, Plus Ventures and a consortium of angels.

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