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The best deal on currency exchange.

Currency exchange may seem like a simple necessity: When you visit

another country, you have to buy things with the local coin.

credit unions

We can help you get access to the currency of another country by easily making sure that you can receive it one a credit.

Local Bank

We can help you way around local banks who can guide you to understand the best currency exchange policy.

Consider Traveler’s Checks

Probably one of the least known way to ensure that you have a reasonable exchange every time you are in another country.

Foreign Bank Branch

We can get you introduced to the foreign bank branch, which is one of the best ways to exchange your money without any hassle.

Currency Online

We have some of the best names in the industry who are ready to make the changes in your currency through online means.

Brokers

Get yourself the right person who can make sure that you have access to some of the best people to help with currency exchange.

Recap: Where to exchange currency

Exchange currency can be overwhelming, especially when you are not aware of the best pairs. We have some of the best ways which can allow you to learn more and grow with the currency exchanges.

Trader’s Action

Traders are well versed in the changes which can occur in certain currencies, and we are trying to make sure that you are learning from the best when it comes to earning a profit.


You can easily learn about the currency exchanges and its ways from online sources which can bring a positive impact on your finances
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You can also make sure that you have access to some of the experts who can allow you to learn the best ways to learn and grow.


Selling foreign currency

With Digiliti Money, you can have access to some of the best deals which will ensure that you have the best trading options for selling currency.

Exchange foreign currency with RBI approved money changers


Buy Cash Online

With the help of Digiliti Money, You can be sure of have easy access to help, which can help you buy some cash online.

Foreign Currency Card

With us, you can also get a foreign exchange currency card which can help you make transactions easy when in a different country.


We Are Here to Provide Legal Help

Ensure that you are doing the transaction at a licenced forex store.

From Our Blog

Trading is no longer just for pros – beginners guide to stock trading

The stock market was alien to a large section of the population and there were a lot of misconceptions surrounding it. However, with the advent of the informational age and the internet, it has not just become easier but stretched to the remotest corners of the world. Forex has allowed the new traders to make their business and get higher returns. Even though the profit margin is high, other options need to be taken into account, especially when you are a beginner. Online trading is easy but you must make it secure. Educate: The prices of the market keep fluctuating. Compared to the stocks where the investment is long-term and the day values don’t affect much, Forex is a lot different. A single change in the data and number means money. So, the first thing to do is to educate to identify the factors that can affect the investment. Short term trader: The traders are of various types, so if you are starting, you must know the terminology and the type of trades that you can indulge in. Short-term traders are the traders who invest for the day and before the market closes exits from the trade. They don’t sit on the money but instead care for the day. In stocks, the Long-term is an investment for the future, for instance, saving for marriage, or a retirement. Online trading: Thanks to the internet, there are a lot of options that have just become convenient. This ease of investing has brought the investors into a more favorable position. In addition to that, the internet s a good tool to research the market and get to know the patterns in which the investment can be affected. Apart from the prices of the currencies, you have access to information that was unavailable. Even though stocks are better for the long investment, Forex takes the seat by offering low investment options and a decentralized system, only between the seller and the buyer. Day trading: This is the type of trading that is high fluctuation. The purpose of this trade is to cash on the days business and you don’t care about the position of the company in the long run. Similar to the Forex, where you are concerned about the performance of the pair in a day. Besides that, stock also offers you the option of Active trading where you keep investing and following, scanning the market for the indicators.
Conclusion: Trading in general and forex, in particular, are the tasks of the wise. Only the education of the market will benefit you and reckless trading means that you are giving your money away. So, to make trade-in forex, the best you can do is to equip yourself with the proper information, a plan that can be used in the market, and understand the volatilities of the Marley. Even though there are no guarantees in the market, though before the investment is the vest.

Top 8 forex trading strategies, and their pros and cons

The complexity and complication in the forex market have given it a different edge in the market. The outcome of the trade depends on a lot of factors such as political tensions, turmoil’s, policies of the banks, and the business – import and export. In addition to that, there are personal preferences, knowledge, research, and experience that you have to keep in mind. Compared to the stock market, Forex is high-risk, low-investment, and stays open 24/7.

PRICE ACTION TRADING:

This sort of trading is much beneficial to forming plans for the future in the market. Action Trading is the process where you study the patterns and prices of the past to make a plan. The MO is to wait for the price to appear and then apply the study.

RANGE TRADING STRATEGY:

This strategy has been categorized as one of the time-consuming, however, in the long-run the strategy plays its part. There are trading options to consider after you identify the support and resistance points. It’s to mention that everything in the market matters and a single glitch can prove to be disastrous.

TREND TRADING STRATEGY:

This strategy allows the trader to form a long-term or a short-term. This is applicable in a lot of situations, irrespective of the experience that one has, the strategy has been a preferable one by many of the traders. This can be a lengthy process in case of the outcome.

POSITION TRADING:

Compared to day trading, this strategy concentrates on the long-run. The primary focus is on the long-term effects where the day to day complications aren’t taken into consideration. Whatever happens daily doesn’t affect the outcome of the trade in the long-run.

DAY TRADING STRATEGY:

This is the most popular strategy in forex. The concentration is on the day and what happens in the market is taken into consideration. The idea is to trade the currency and close before the day ends. Even though the ratio is mild, there are decent opportunities to make a profit.

FOREX SCALPING STRATEGY:

There are a lot of trading opportunities in a day, you close and open multiple ways. Besides that, you make small profits more often. Even though the strategy is hectic, there is a chance to make profits and a decent window to do it.

SWING TRADING:

This strategy has been lagging in a lot of things especially among the traders however, the application can be beneficial in certain situations. The risk-profit is medium with trading opportunities whereas you take the advantage of range-bound and trending markets.

CARRY TRADE STRATEGY:

Even though the investment is limited and restricted, there are chances of making a profit. You buy the currency at a lower rate and then follow it by buying the currency at a higher rate.

Conclusion:

The application of any strategy in the trade depends on a lot of factors. The addition of the knowledge, experience, and determination of the trader will surely change the course of the trade. However, there is always the uncertainty of the trade to take the front seat.

Tips for Forex Trading Beginners

Every trade is unique and the application of one technique in a different trade will never reap results. Before you start investing, there are fundamentals to know and markets to get an insight into. Forex above all is a market that has a high-risk, high-profit margin, but not to be swayed by the offerings, there are some tips that you can use if you’re new. Given that the market has no guarantees and many of the factors that affect the values in the market can stem from external sources like political tension, the best that can be done is to know the market at least.

Know the Markets:

This is the initial and the most important step that you can take. As a beginner, it’s obvious to get confused and complicated, but the proper knowledge and preparation on your side will be beneficial. Take some time, educate yourself about the market and the currency pairs that you will be investing in. Successful trading depends on a lot of things and one of them is planning. It can be called the trading process. To set everything in place, you must plan and while you go on investing, ensure that it falls under the guidelines of your plan.

 Practice:

The brokerage accounts allow you to place the investment and facilitate the trade. However, what is little known to the public that you can also get a practice account where you can see how the investment works and practice until you’re sure of your knowledge in the market. You can test your plans, analyze and if something doesn’t work out, change. Besides that, you must have a style. The gathering of the data is very important and to be updated with the recent trends and new in the market. Irrespective of your style, you must make sure that you use the full potential and the tools that you have to make the moves in the market.

Limitations:

This is the leverage or the damage control. Call it whatever. The step is simple that entails that you must know your bounds. Know how much you want to invest, and never risk the money that you can’t afford to lose. A wise investor weighs in every option and then makes the best of the use of the available data that he has under his disposal.

Keep it slow:

There is no need to rush. You must be aware of the speed you’re taking. Take your time, decide, compare and see if the plan is working. Change if needed. Irrespective of the outcome of the trade, maintain discipline and keep following the plan. If the plans aren’t working, you have the freedom to decide and form a new one based on the assumption that you have.

Conclusion:
Choosing the right partner for you matters a lot and just in case you have the best one, all things are on order. Execution of plan, strategy, and experience at the trade will never disappoint.

Is Trading similar to Forex?

Confusion between the forex and the stock market is obvious. Many of the traders make the mistake of intertwining the both even though they know they are different in their process, however, they fail in forming the basic opinion. The varying difference in both of the markets is obvious and in the initial, it may leave you confused, but with the addition of adequate information, the basics can be understood. Both of the markets maintain the core idea of trading, the risks are different, and both of the markets work separately.

Decentralisation/Centralization:

In simple terms, Forex is the exchange and trade of the currencies of the world to make a profit. However, the addition of the trader’s preferences and the knowledge of the market comes into play. There are mixed opinions about the market but all of them settle on the issue of research. Irrespective of all this, the market is highly volatile and versatile. On the contrary, stocks are different, the sale and purchase are different and besides that it uses an exchange to register all the buying and selling, contrary to the forex where the transaction is between the seller and the buyer.

Capital:

Money is the center of all trading and when you are mentioning stock, it must be kept in mind that they will require a high amount of money to be invested as you’re buying equity shares in bulk, however, there is no such thing in the forex where you can start from the minimum. This is one of the reasons that has forced mn ay of the experts to call it the gateway of trading and preferable for beginners.

Trade:

This is where both the stocks and forex agree upon. To make any trade a successful or wise investment, you will need to research. Thanks to the internet, there are a lot of resources where you can gain adequate knowledge to make sure that you’re aware of the patterns of the market. In addition to that, the trade is better as it’s backed by thorough research. There are a lot of stocks compared to the Forex, however, all that boils down to one thing; how well you know how to place your money?

Buying and selling:

Coming to the most important thing; buying and selling. In Forex you will simply buy a pair of the currency and wait for the values to go up and this is when you sell it. On the other side, stocks are considered and are long-term. You simply buy the equity shares and let it stay. The daily fluctuations in the rates don’t affect the outcomes.

Conclusion:

When you’re trading, the only thing that matters is how much you know about the trade? Whether it’s Forex or the stocks, you will have the opportunity to know before you place the money in it. So, take some time, make the best of the choice and never overlook the factors that can affect the trade and its outcome.

Things to know about Forex

There are mixed opinions about forex were some of the experts suggest to be extra careful in the trade and many consider it to the gateway into the trading market. To debut in the stock market can be confusing, so forex can act as a teaching tool where you’re introduced to a highly volatile and risky market that can make the best of the profits. Even though the risks are higher, it does provide you a decent opportunity to make the best of the deals.

Forex:

Forex or the Foreign Exchange is simply the market where the currencies of the world are traded – sold or bought. The traders make sure that there is a balance between the value of the quote currency and the base one and when the values rise the currencies are sold to make a profit. IN that case, stocks are a lot different. You buy stocks in bulk, go through an exchange, and are meant for the long-term.

Capital:

This is one of the reasons that has given an edge to the forex market and even though stocks are best-left forth higher profits, the option of allowing the traders to invest very little in the market gives a boost to forex. This is also why it has been preferred by beginners.

How does it work:

In simple words, Forex is the exchange and trade of the currency pairs. The initial is to choose a currency pair that is to be sold later to make a profit. There are 65 pairs in the market and GBP-USD is the powerful pair. Some pairs offer a decent chance of earning; however, nothing can be achieved without the knowledge of the market.

Process:

The outcome depends on the value of the quote currency and the base currency. If the quote currency strengthens against the base currency, you must buy and if the case is the opposite, you will sell the pair.

Convenient for the new traders:

The forex market allows the trader to make the lowest of low investments. This is absent in the stocks where the need for high capital is obligatory. The former may have risks, high-risk, but at the same time it can capitalize on the trade. Brokerage is the next thing where you can even practice on a demi account to equip yourself with the familiarity and understand the nuances of the trade. However, before you sign up for an account, a little research about forex will not disappoint you and once you’re done with it. You can proceed ahead with it. A piece of expert knowledge at the trade is something that will always be appreciable.

Conclusion:

Compared to the stock market, Forex is decentralized, open 24/7, and gives you access to a market where the requirements are low on investment and expectations are higher on the return. Forex is the low-investment market that can even allow you to invest very low amounts and allow you to understand the various factors of the investing market.

What to bear in mind while investing in Forex?

Trading in general can be a lot complicated. Irrespective of your status in the market, some nuances need to be understood, insight to be looked into and numbers made sense of. In all this, Forex is something that is different and if you are to invest in the market, the primary focus should be the knowledge about the patterns. The way every market has to be approached is different and, in that case, there are other factors that a beginner has to know.

General:

Many of the experts consider forex the best way to enter the trade of stocks. In addition to that, it has always been considered favorable to the beginner as the market allows you to invest very little and at the same time expect higher returns. Leaving that apart, there is no space for reckless investing as the values in forex keep fluctuating. The mistake of treating forex the same as the stocks is a devastating mistake that mustn’t be done. To start with, the trader must know the nuances and paradigms of the game before he decides the nature of the investment. This includes education about the currency pairs, the factors that can affect the investment, and personal preferences. These factors can also be domestic tensions or external problems of the country.

Risk factor:
Considered to be the gateway of the stock trading, forex has a high margh9in of risks. Having said that, there is also a window for making fortune. This is where the concept of the understanding of liquidity and capital comes into the picture. The incomplete knowledge about the market can be dangerous, so you must know the volatility of the trade, the factors and indicators to be kept in mind, and the recent trends. A thorough understanding of the market, the recent news, and the advice from the experts are the best ways to approach. However, given that the market is uncertain, the need to form a plan is necessary.

Plan and strategy:

A trader must have a trading lifestyle. Leaving apart the financial complexities, a basic understanding of the math, let’s say rudimentary is the first thing to start with. Since the market changes in a single moment, the extra knowledge at the trade will allow the trader to identify the options that can be capitalized and return doubled.

Chasing the losses and emotions:

Trading is aloof from sentiments. So, what does it mean? It’s very necessary to trust and make sense of the data at hand which can only be procured when you are in the trade mentally. Furthermore, the addition of the emotions in the process can ruin the trade, so make sure that you are within your senses, not intoxicated or overwhelmed when you’re deciding on investing.

Conclusion:

Keep a clear head, analyze the data you have, and research before you even make the decision. The market is uncertain, and even though your currency is sinking, there is always a decent chance of making a profit.

Most successful Forex traders in the world

The world of trading has seen a lot of ups and downs, but as far as success is concerned, it has names that are alien to none. From the big shots to the humbler beginnings the stories evoke respect and admiration. However, Forex has been left out a little from the limelight. Having said that, it doesn’t mean that there hasn’t been a success. Even though the names are plenty, some are just too good to be missed out on.

George Soros

The first man on the list is George Soros. However, it hasn’t been like that for George who like most of us made his fortune with utmost hard work and dedication. With $8 billion of worth, Soros is one of the names in Forex that you can’t overlook. He made the name in Forex’s career in the 1990s when his investment against the British pound generated more than $1 billion.

Bill Lipschutz

The story of Bill is that of inspiration which led to his name being etched in the memories of the traders. Co-founder and former director of Hathersage Capital Management, Bill Lipschutz transformed the $12000 that he had inherited from his grandmother into billions of dollars.

Andrew Krieger:

Among the richest forex traders of the world, Andrew Krieger can’t be forgotten. At the age of 32, Andrew capitalized on the opportunity against the New Zealand Dollar which resulted in earning him millions of od dollars. Considered among the youngest to have achieved such a feat, Krieger’s attention to the currencies against the US Dollar finally made him the richest forex trader.

Paul Tudor Jones:

Investing can be complicated but not for Paul Tudor Jones who made it top the summit of the forex trading when he invested a huge capital against the Japanese currency. In the year of 2013, Jones earned a return of 20% on his investments.

Bruce Kovner:

Life, in general, is unprecedented, and irrespective of the profession that you are in, within a moment all things can change to an extent that the whole perception of fate changes. The opportunity came for Bruce Kovner who after driving a taxi for thirty years ended up getting huge amounts of money by purchasing a futures contract. The journey from a driver to one of the richest forex traders is something that is to be boasted about.

Stanley Druckenmiller:

Forex requires determination and the right mind that can identify the nuances of the trade along with the required knowledge that can educate the investment. Stanley had the perfect blend of qualities, the trader lifestyle, and strategies that made it work.

Conclusion:
Compared to the stock market where the trade is mostly dominated by the bigger institutions, Forex is decentralized offering the chances to the new investors to capitalize on their dreams. Not only that, the wide access to the markets and the option of low investment for higher returns is something that can’t be ignored either. In the end, the market has the potential to return on your investment given that you are well aware of its process.

Is Forex the same as stocks?

There have been mixed responses on the capitalization and the investment in stocks and forex. Leaving apart the reactions and responses and dwelling upon the main difference between the two that sets apart the investment. The significant difference is the trade itself where forex is the exchange and trade of the world currencies whereas the latter is the selling of the equity shares in bulk. Furthermore, the stock market is the centralized exchange where the sale and purchase of the shares are recorded, exchanged, and registered however, forex is devoid of such centralization and is an affair between the seller and the buyer.

Forex:

Forex is known as the Forex Exchange where the sale and purchase of the world currencies take place, traded, and exchanged. However, the liquidity and volatility attract various opinions on the trade. Leaving all this apart and coming to the stock exchange, it is the sale and purchase of the equity share through an exchange where the transaction and the sale are recorded, registered. The buying of the shares means that you own a small part of the company.

Differences:

The main difference is the centralization and the decentralization of the trades. For instance, Forex is a trade where the affair is between the seller and the buyer, so that means that there is no exchange and it’s completely decentralized. On the contrary, Stocks are centralized and there are exchanges to record the trade. In another addition, you will have to buy the share in bulk that will require huge capital, however, the forex allows you to make a low-stakes trade. You can start by investing very little.

How to trade:

The first thing to do before you invest money in the trade si to understand all the things that you have to. This means that you need to have the nuances of the game, insights into the trade, and study the patterns of the market. Given the versatility and volatility of the market, the more education you have, the better you become at the trade.

Buy & sell:

There are 65 existing pairs in the market and the initial is to choose the pair to start. This is determined by the value of the base and the quote currency that you have to check out. The most important task after buying is to make sure that you know when the trade has to be done and when to sell the pair. This makes that if you aren’t regularly updated with the news, you might miss the opportunity. In comparison, Stocks are for the long-run, a twitch in the day will not necessarily affect the investment in the long run. They’re decentralized, closed, and need a huge capital to start. To monitor the investment, Forex is a lot easier, however, you need to take a lot of things into account before investing in Stocks such as the history of the company.

Conclusion:

Forex and the stocks are two different things, but to come to a conclusion, and rate the options, you will have to know the preferences. Stocks are long-term whereas Forex is short.

How to trade forex?

The cash-flow in the business determines the profit and loss account. There are two main results of a trade – loss or profit. As a beginner in the trade, the initial is the confusion and chaos. Given that there is a wide area open for risk in the market, the need to concentrate on the trading qualities and tactics become very important. Forex trades in a style that no market has done, you have access to a wide range of opportunities, and it stays open 24/7.

Forex Day Trading Strategy:

While the system can be employed in the best manner by the broker as the trade is facilitated, the rest of the hard work depends on the traders and their ability to understand the nuances of the trade. Having said that, you will require a strategy to go in the day trading strategy. The rate has to be taken into the account. For instance, let’s say that you capitalized on 40 of the 100 exchanges, by that logic your success rate is 40%. However, that’s a bad start, The normal rate is 55 and even though you have the winning rate of 50%, you still have fair chances at the trade. Hazard and rewards are the next things that you will need to keep in the mind. This is the potential outcome of the trade and the amount that is being put in it. Let’s say that a trader invested money and earned 15 while losing 11 on the exchange. This will mean that he is gaining more than losing. Making more of the profit implies that even if the traders keep the losing streak on, he will still be able to make the profits. In addition to that, a speculative scenario will be a topic to study and understand. Even though your winning rate is lower, the higher hazard/reward will mean that there is still productiveness in the trade. The concepts are complicated and can be tough to understand for the beginner, but with proper research and rudimentary math on your side, the trader can be introduced to a different style of trading.

Risk Management:

Hazards are common in trading or where the money investments are made and Traders are no alien to it. They have to deal with and create a backup plan for it. The need to formulate plans, assess the financial position, and have a clear image of the finances of an investor is the basics of the traders. However, other factors need to be thought about before you make the trade. The fluctuations in the market values, the information of the indicators of the market, and at the same time understanding the market and how it behaves.

Conclusion:

Trading forex is lucrative, risky, and open all the time. With the addition of cross-border trade, devoid of any dominance of the big institution, it provides a decent opportunity to the individual traders to make profits. The uncertainty of the market can be a huge determiner of the outcome.

Why not be reckless in investing

Irrespective of the action that you’re doing, it is supposed to trigger a response. In the same way, when you initiate any action in any way, you will get a response. The only task is to make sure that you are pitching for the best one. Investing in forex or stocks is a complicated process and various factors need to be kept in mind when you are deciding the nature of the decision. However, all things apart, investment is the case of money and as long as you’re investing real money, the need to be careful is necessary.

Should I be cautious while investing in Forex?

Forex is a highly volatile market where the prices sink and rise within the moment, so to make sure that you’re well aware of the fluctuation and the decision has been taken with a lot of thought, you must use your knowledge instead of being reckless. What does being reckless mean? It’s simply the act of insensible use of your money. When you’re investing, you must take all the factors and indicators in your account. This is how you make the decision, but to rush and hurry will attract the negative response and investment that will most probably end in a disaster.

What to keep in mind?

Given that the market is high-risk which means that even though you have the option of investing low capital, there is still a chance of loss. To be on the safer side, before you invest, it would be wise to understand and read about the various pairs of currency. OIN addition to that, the market behavior and the recent trends in the trade will open you up to the various shifts that are happening behind the curtain. There should be a difference between the behavior and perception of the trader and that of the laymen. This can only be achieved when you are capable of analyzing the data and making sense of the information. Considered to be favorable to the beginner, Forex offers opportunities to the trader that can only be grasped when there is a plan in place.

Strategy:

Every work needs a plan, but the best is when there is space to retrospect and reorganize. You must have the plan and ensure the investment in the trade falls within the protocols of the plan. Besides that, the regular assessment and the need to change the strategy when it isn’t working is the sign of a production line. As mentioned earlier, the trade can be unprecedented, so the plans must be flexible and adaptable to the situation. Moreover, it’s the uncertainty in the trade that gives it an edge over other markets.

Conclusion:

There is no space for sentiments and recklessness in the trade. Skill, experience, study, and knowledge are the keys to successful trading. However, the unpredictability of the market can either add to the trade or decrease. In the final, Forex can’t be predicted, but one must be prepared.

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Salvatore C. Rudd

Digiliti Money has made it more accessible to manage any currency transactions when in a foreign country for the fastest results.

Salvatore C. Rudd