By financen | August 12, 2018 - 7:26 am - Posted in Bitcoins, Forex, Forex Trading

When you invest, you commit capital to an investment vehicle. It could be anything—stocks, bonds, Bitcoins, or foreign currency. You are willing to risk investment capital you now have because you expect your money to generate more money. When you put your money to work for you, it can make far more money than you can earn from your labor.

When considering where to invest your money, you should definitely consider the benefits of trading in the foreign currency exchange, or forex. It could prove to be an even better investment than stocks because it’s a highly volatile market–which means that it’s easy to buy and sell quickly. Forex investments also allow you to use significant leverage.

How to Learn Forex Trading

It can be intimidating learning how to trade forex because it’s an international market with a vast number of currencies available to buy, sell, exchange, or speculate on. Perhaps one of the best ways to learn is to study, and a good place to start is to read Currency Exchange Rates, an article that will give you a big picture view of how forex works.

After you feel more comfortable with the terminology and have a basic understanding of how the market works then you should use an online simulator to practice paper trading. Since you’re not using real money, there is no financial risk. Paper trading will help you understand how prices move during real-time trades.

Finally, when you think you understand how it all works, you will have to take the plunge. Forex trading can be profitable if you follow the lead of successful forex traders. Since they know that they will be successful only half the time, they learn how to cut their losses quickly and let their profits run. As a result, forex trading proves profitable for them.

Understanding How The Foreign Exchange Market Works

The foreign exchange market is known by many names. You may hear it referred to as “forex,” as “FX,” or as “currency trading.” In essence, it is a decentralized worldwide market where all national currencies are traded. This is a huge market; in fact, the biggest financial market in the world. It is possible to do live trading around the clock on your computer because there is always some foreign exchange open somewhere in the world.

As an investor, you can make money by buying, selling, exchanging or speculating on currencies. You will be trading alongside other individual investors, as well as with forex brokers, investment management firms, hedge funds, commercial companies, central banks, and banks.

Investopedia explains the mechanism of how currencies are traded. For instance, if you’re interested in exchanging US dollars for, say, euros, then you will be trading with two currencies. Since currencies are traded in pairs you can understand the cost of one in comparison to the other. So when you see a pair like EUR/USD, you know that you are looking at a price difference between two currencies. You are reckoning how many US dollars you will need to purchase one euro.

Diversifying Your Investment Portfolio

Long-term investment success depends on building a diversified portfolio. By spreading your assets across different markets or different asset classes, you reduce the risk should one collapse. For instance, if your foreign exchange trades are doing well but your stocks are plummeting because of overall market conditions you will not experience financial distress. Your gains in one market will offset your losses in another.

Success in foreign exchange trading is similar to success in any other financial endeavor. It all depends on your work ethic and how much effort and persistence you put into it. Naturally, you will find it difficult in the beginning and you will make mistakes even after you have practiced with paper trading. But if you are willing to study and practice, work with a mentor or financial coach, and progressively learn from your mistakes, then you will eventually get good at forex trading.  When you do, you will find, like many other investors before you, that forex trading is not only fascinating but one of the most rewarding things you’ve ever done in your life.

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By financen | August 8, 2018 - 4:34 pm - Posted in Forex, Forex Trading, Trading

There are many traders who do not follow their routine. If you do not have any routine to follow, you will not know when to place your trades and when to stop trading. The routine works as your daily chart that can guide you through your trading plan. As people focus on their strategy and the analysis, they do not give proper attention when they are developing their routine. As a result, the routine is often outdated and it does not suit the changing trends. This article will give you some tips that you can follow to keep your routine updated with the live trends. You are trading on live trends and any late will cost you money. The more comprehensive you can make your routine, it will increase the chance of your success.

Keeping a paper-based trading journal

Every successful trader at Singapore maintains a trading journal. They always write down the details of each trade so that they can learn from their mistakes. On the contrary, the new investors are placing random trades without knowing the consequences. But soon they realize trading is not a place for showing emotions. If you want to survive as a profitable Forex trader, you must follow some basic rules of investment. And writing down the rules will help you to maintain your discipline.

Due to the recent advancement in technology, you can easily access your past trades data from your online trading platform. But do you really think the digital format of your past trade data will help you to identify your mistake? To be honest, it will help you to a certain extent but still better to follow old-fashioned paper-based journal. When you write things down, you will give a second thought about your trade setup. This simple steps can easily stop you from overtrading the market.

Keep an eye on the latest news and trend

One of the popular ways to keep your routine updated is with the help of Forex news and information. There are many websites that provide free updated information to the traders at free of cost. You can visit these websites anytime to know about the latest news. The international newspaper also has different sections in their papers that provide information on the currency exchange.  All these can inform you about the latest news and trends. If you are active on Social Media, you can get the news form their social pages and use them in your strategy and planning of your trades. Professional traders place one trade after careful planning. They do not rush into overtrading as they know it is not productive. The trends are also an important part of your routine. If the trend changes and you think you need to change your routine, make the changes. Do not wait for a suitable trend as it may never come. You have to take risks always in your trades when you are trading in Forex. An updated routine will only reduce the risks but not remove it completely.

Socialize with the traders and use their ideas

Every trading platform has many options in their software to socialize with the trading groups. Most brokers have their own community where you can post and know your queries. If you think you are mostly getting the proper direction, socialize with the thousands of other traders who are placing trades and get useful ideas.  It may be hard for you to know about the updated news and information but these people can inform about the changes through their ideas and knowledge. Socialize with people and you will get more updated information on the industry.

Review your routine weekly

Take a day off in your trading and review your trading routine. If you find any flaws, try to correct it. Do not wait and always keep your routine under check.

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Many people try to prove their worth in Forex but we do not know what they are trying to prove. This is an online industry where you get to make your money by placing your trades with the trend. If you work hard and develop your strategy, you can make the profit. If you do not work hard, you are going to lose your investment. As it is a live industry where the trends changes every moment, many people take this trading as a challenge and they try very hard. They become upset when they lose and they become desperate. This article will tell you why you should trade in Forex like other business and do not take any risky decisions. It is only a currency trading after all where you can make a profit with your trades. People are not going to judge your success because only you know if you are making money or not.

You don’t have to prove to yourself your performance will speak for you. Many experienced Aussie traders are now working for high-quality brokers like Rakuten, due to their strong record in the trading industry. Success is something which you can never hide and it will always reveal the truth about your achievements.

What are you trying to prove, that you are the best?

You may try to prove two different things. The first thing is you are the best and the second thing is you want to show the world that you can still make wonderful trades. These are worthless decisions that are of no use. You will make a profit one time and lose in the second time. There is no consistency in making money but you can do is make your rewards larger. This is the risks to reward ratio and it can help you to have bigger wins. However, keep in mind that you will always lose sooner or later. Trying to prove that you are the best trader is nothing but a sentimental decision.

Being a beginner in the investment business, you should focus on the Forex trading demo account. You might have the capability to trade the market with real money but without learning the details of this profession, you will always lose trades. You have to develop a balanced trading strategy which will help you to make a profit in the long run. In order to become a profitable trader, you must have a clear blueprint for this market. Take steps in a very organized way since a small mistake might cost you dearly. Always consider trading as your part-time profession for the first six months. Make sure you are trading with an elite class broker like Rakuten to enjoy the best possible trading environment.

The trends do not care about your skill or luck

When people first trade in Forex, they make some good trades and their confidence improves. They think this trading is easy and they were afraid of no reason. They become overconfident and the mistakes start to happen. They start trading like gamblers and do not analyze the chart. They trade with their mind and lose all their investment. If you are trying to prove the trend that you can still overcome after having losses but that is not necessary. The trend has no concern about your luck or skill. You may win a few trades with luck but soon you will run out of it if you do not practice. Your skills will also be outdated if you do not practice with different trends. Just be yourself and concentrate on your practice.

Be a silent legend

Do not shout about your success and calmly enjoy the wonderful rewards. This market is going to award you profit every day if you keep your head in the game. Be a silent observer and learn from other people every day.

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By financen | March 13, 2018 - 6:21 pm - Posted in Forex

Different traders have differing motives for trading the forex markets. Forex markets have a lot to offer different traders which is why it is so popular with traders ranging from new comers, through the spectrum to professional traders.

One of the most cited reasons for wanting to trade the forex markets is volatility. This is how much the price fluctuates over a period of time. In order to make money trading you need the price to either go up or go down (depending whether you have brought the market or sold the market). It is impossible to make money from sidewise movements. Therefore, volatility is a trader’s friend. The great thing about forex trading is that there is plenty of volatility but also depending on the FX pair the volatility varies. For example, pairs such as USD/SEK (US dollar versus Swedish Krona) or USD/NOK (US dollar versus Norwegian Krone) are extremely volatile moving through 100’s of pip a very quickly. Other pairs such as EUR/GBP (Euro versus Pound) or EUR/CHF (Euro versus Swiss Franc)  are much less volatile. This means that you can select a level of volatile that suits you.

Ireviewforexbrokers is an Australian based one of the best forex broker. They offer 70 different FX, pairs, indices and commodities to trade meaning that there is something for everybody, whatever your volatility preference.

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By financen | September 20, 2017 - 6:42 pm - Posted in Forex

Don’t be mistaken – forex trading isn’t a shortcut to instant wealth, but rather a brilliant enhancement to your earnings. Very few people today can get by with one salary, and 2 or 3 ways of earning money is required. Having said that though, there are many forex traders who make their entire living from forex trading.

The Basics of Forex

The whole idea behind forex trading is to exchange one currency for another in the expectation that the price of the new currency will change and increase in value. Currencies are quoted in pairs, of which a typical example is GBP/USD.

The best way to learn the ins and outs of forex and get a solid understanding of it is to sign up with a reputable broker. They’ll open up an entire new and exciting world of making money.

Of course, there are different types of brokers and they offer different features and demo accounts. It’s always a good idea to do research to find reliable, trustworthy brokers. As a leading global provider of online retail financial services, award-winning CMC Markets offer clients more than 10,000 financial instruments across forex, treasuries, indices, commodities and shares.

With the help of leading forex trading brokers, you’ll learn such a lot as you navigate this exciting way to make additional bucks. You’ll learn how to analyze the markets for lucrative opportunities and well as how to calculate your profits with various levels of leverage before making an order.

Access to Free Forex Info

Even if you find yourself excellent brokers, you’ll love that such brokers still go one step further and offer free educational tutorials on forex trading. With so much knowledge at your disposal, forex trading remains what it is supposed to be – fun, entertaining and many times lucrative too. Yes, forex can be profitable, but it can be somewhat complex, but trading with the right broker will ensure your failures with forex are kept small so that you don’t end up wishing you’d never got into it.

You’re Trading with the Biggest Financial Market

The exciting thing about forex trading is that the forex market is the biggest financial market in the world, and everyone’s doing it via electronic communication networks from wherever they are in the world.

It doesn’t matter where you find yourself on your travels because the market is open 24/7, you can be guaranteed that there are always traders looking for a certain currency. If you want to be part of this exuberant trading, the idea is to choose a superior platform from a trusted global market leader.

Most people who have a 9-5 job can only trade at a certain time of the day. This means not having the flexibility to watch the market which means missed opportunities. That’s why it is important to use a trading program where you can let technology work for you. A common strategy is to include stop-loss orders so that should the market take a move against your position, your money is protected.

As you can see, there are certain important aspects you need to know with forex trading and this can very often only be achieved with a trusted broker.

Make Money Around the Clock

The beauty about forex trading is that even though some markets in different countries are closed when your country’s markets are open, trading on foreign currencies can still take place. Yes, most trading happens when the main market is open, but banks around the world hold foreign currencies, and this means they can be traded when the main market is closed.

Supplement Your Salary

The forex market is no doubt one of the most exciting markets to trade. It’s a 24/7 market and it offers so many thrilling opportunities to make profits night and day, making it ideal for part-time traders. Forex is volatile – it’s risky business, but by signing up with the best broker you learn all those important strategies that will help you become a successful part-time forex trader who can supplement a salary that just isn’t enough.

 

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By financen | July 25, 2017 - 4:21 pm - Posted in Forex, Uncategorized

Forex market is one of the promising investment options for your money. The foreign exchange market is an international trade in currencies including the dollar ($), the sterling pound( £) and the Euro (€). The shifting exchange rates determine the gain or the loss. To reap significant benefits, it’s often advisable to have this as a long-term project, be patient and timely.

Signing up for the Forex Market Account

Acquiring a foreign exchange market is easy on the online platform. Observe the following steps:

  1. Find a Forex Broker

Experiment first with a demo account to find a good online forex broker.

Sign up requirements:

Give the following details about yourself:

  • Name
  • Postal address
  • Email address
  • Date of birth
  • Contact
  • Choice currency
  • Password
  • Country of citizenship
  • Tax ID
  • Employment status
  • Annual income and Net worth
  • Previous trading experience (if any)

II. The Forex Broker Proceeds with Sign up

Your online forex broker verifies the details you submit and does the necessary follow-up. Next, the agent guides you through a quick sign up process.

III.        Get Your Account

You now have a forex trading account and upon activation, deposit your currency. You are now approved to carry out your forex transactions.

Golden Tips for Online Investments

I. Research the Online Market

Though your mentality in the forex market should not just be making profits but also an awareness of potential risks, you need to avoid and be secure from common challenges that bedevil this commercial entity. A detailed and consistent study of global financial trends and investment basics will help. Finance news journals and business articles will keep you at home with the dynamics of the contemporary market.

II. Diverse Investment

As a shrewd investor, you should consider diversifying your portfolio to manage the risk levels of investment. Some of the viable options apart from the foreign currency include bonds, spread betting and real estate. With more than one investment you can’t suffer bankruptcy during the economic downturn. You also need to be sensitive to the seasons in the market to know which opportunity to capitalise on in a given span of opportunity. Otherwise, the gain may be limited when you operate off-peak or offside. For example, when the dollar picks over other currencies it is a time of great reward to the investor who cashed in on the low season.

III.        Secure Online Commerce Platform

A good trade platform should furnish you with sufficient details and be user-friendly. Online trading requires adequate security features for your account. Your phone number and email are vital to enable you to keep track of the progress of new events. Always keep your passwords and login information a secret. CMC Markets is one such platform you are looking for as an esteemed client. Tap into their unique online financial brands that include CFD, stockbroking, spread betting and forex contracts globally.

Eluding Forex Scams

Online investors are crying foul over rampant cases of forex fraud that is executed by bogus brokers.If you are not keen, the fraudsters may deprive you of lifetime savings. Most of them are tactful to disguise their ill-gotten wealth by money laundering. Reflect on the following precautions to get you off this insatiable hook:

  • Keep off the ‘too good’ deals: be sensitive to outlandish claims of quick huge profits- such are uncommon in the forex market. Scam artists will dupe you with apparent promotions that guarantee little or no financial risk and luring statements such as investing your money in ‘Inter-banking market’.
  • Search the information about the particular firm you want to engage in on the internet. Legitimate companies have positive feedback and recommendation posted by their happy customers whereas scammers face all kinds complaints of robust and attempted cases of fraud.
  • Verify whether your preferred Forex broker has the approval of the United States Commodities Futures Trading Commission (CFTC). The regulator (CFTC) will provide you with relevant certification for your broker. You may go ahead to contact CFTC to prove the authentication of your broking partner.

Do not relax and wait to invest, invest and relax to earn your extra cash today! Online investment is an all-time opportunity that is growing and becoming better each day even with the advanced technology and globalisation. Dare it!

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As the New Year begins, expectations in the M&A are high. There was an overall decline in activity in 2016 as compared to 2015. To most of the deal makers, it is due to the uncertainties that come with political environment. However, as the year unveils, stabilization in the new administration will dictate the market, with predictions of favors in the Mergers and Acquisition markets.

2017 Expectations in the Merger market.

2016 showed a drop in activity by a 25% decline in activity and reduction in deals. According to M. Bolsinger from Dechert; there are a lot of expectations from the new administration; running from changes in tax policies, interest rates, to other macroeconomic drivers. It is until the changes stabilize that great deals in M&A will crop. Bolsinger is also optimistic on the available opportunities in the financial sector based on the president’s elect promise to replace Dodd-Frank. From his perspective, there is uncertainty of performance in the environment and healthcare sectors.

It is also expected that M&A importance will be of significance in 2017. The US$1.7tn is the amount of money reported to be lying idle in the financial sectors, which is expected to be put in the M&A market for a significant whopping change. Also, there is the need to invest in the organic growth around the world. According to J, Packee, Baird, most investors concentrate on the inorganic investment. It is reported that dry powder stood at US$800bn in Q3 which would have been invested in the sector.

Stock Market

The first quarter of 2017 is expected to show an increasing trend in the deal activity due to the sudden drop of uncertainties from the pre-election period. According to Eurazzo, who works for an international investment company in Paris, the drop in uncertainties can be seen from the trends in the US stock market.

In addition, higher expectations in the M&A deal sector is linked to the emphasis on quality of deals in 2016 which slowed down activities. It is however expected to be different in the first and second quarters of 2017, since there is more confidence in the inventory deal as high quality deals venture the market.

Expectations in the private equity activity in 2017

It is reported that private equity activity in 2016 in North America remained strong, which is in contrast with the drop in the corporate M&A. In the first, second and third quarters of 2016, there were 781 private equity deals valued at US1bn, which is just five fewer from 786 deals in 2015. The technology, industrial and chemicals, and the business services sectors are the top three sectors that largely contributed to the private equity deals in 2016.

According to West Monroe, the last seven years have recorded such a high competition in the private equity deals. This is due to the emphasis in quality deals, speed and valuation, and availability of active strategic buyers. Also, the financial sponsors have made the private equity business easy and convenient. This is because, private equity firms assemble portfolio companies and then roll up add-ons to those companies.

However, according to Bolsinger, the high competition is due to: fewer and fewer large-cap deals; and availability of very acquisitive strategies that sit on a lot of cash while still fostering big threats to the private equities.

Eurazzo sees the long term deals between a business owner and a private equity firm much more sufficient than the short term deals. This is due to the fact that businesses take long to be more productive.

The driving force of the increase in the inbound deal value by 21% in mid-market M&A.

The inbound deal value went up by 21% to US$22.9bn in Q1-Q3 in 2016 especially from the Asia based acquirers. The Asian countries engage in M&A for various reasons such as acquiring better technology or to expand their market share.

The success of great deals in M&A is the buying of beneficial brands and investing back to the countries’ businesses to enhance them. Also, a strict state control helps in improving M&A deals as evident from the China State Council.

The challenges facing the M&A deals.

Cultural differences makes it difficult for some investors to invest and succeed in foreign areas. This is due to political and cultural differences, as well as communication barriers. However, buying a well-established business can conquer the challenges.

The expansion of private debt for M&A activity.

In 2016, the closed end private debt fund had more than US$131bn, which is the highest amount recorded ever. The increased debts according to Monroe is due to the low interest rates. Also, investors have turned up in large numbers to seek for direct lending, which proves to be more convenient rather than the traditional way of banking market.

Source: Firmex.com

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By financen | August 14, 2014 - 6:13 pm - Posted in Forex, Forex Fraud, Forex Scams

One of the best ways of making money is to invest in the foreign exchange market. This is perhaps the largest and most liquid market in the world. Nowadays, more and more people are getting involved in trading currencies and earn their living. As this market is gaining its popularity, forex scam artists are also trying to cash in money from this business. There are ways to identify these scammers.

forex-fraudThe first step is to check out that your preferred Forex broker is accredited with the United States Commodities Futures Trading Commission (CFTC). You can also look for the regulator’s certification on your broker’s website and contact the CFTC to check the authentication of your broker. You must always check the legitimacy of your Forex broker so that you don’t end up getting scammed and lose all your money.

Next, if you see outlandish claims that are guaranteeing high profits in no time, then you need to stay away from them. There is no shortcut in trading currencies. When you are investing money in the forex market, you need to be very much dedicated, investigative, have good analytical skills, knowledge of economics, and consistence practice. This will make you an experienced trader in the Forex market. If you see any scheme that is assuring ridiculous guarantees through unsolicited calls, you need to be careful enough.Forex scams

Another way of identifying a forex scam is when you see a promotion that guarantees little or no financial risk in trading currencies. There is no such investment that does not have any risk involved. Forex Scam artists will always give you false hopes and guarantee that your investment is secure, or they will invest your capital in the “Interbank Market” and so on. Stay away from people who make such promises. Even the professional traders cannot guarantee that their money won’t be at risk in any given day. It is very hard to predict the foreign exchange market and thus you need to stay away from people who are giving false promises.

If you see a firm that is not trustworthy, then it can be a possible scam. You must check the background, physical address and the performance record of the firm before investing your money. If a firm has the intention of scamming people, then you will find many horror stories about them on the internet. Similarly, a legitimate business will be having all their information with the local law enforcement agencies. Hence, it will become easier to distinguish between a genuine business and a scammer. Stay away from the firms who make bold claims about how successful they are in the Forex market, but unable to prove it in papers.

Resources:

http://en.wikipedia.org/wiki/Foreign_exchange_fraud

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By financen | October 2, 2013 - 6:46 am - Posted in Forex, Forex Scams

The fact that you can choose an online forex broker with a simple search is an amazing option for retail forex traders. However, the lack of regulatory bodies in the forex trading arena can lead to many fraud forex brokers who set up shop only to rob their clients. In addition to brokers that are out to make a quick buck there are others that have policies that are not suitable for their clients. It is difficult to know which one is more dangerous than the other since they both lead to large losses – one immediately and the other over time.

forex

forex

Looking at Forex Broker Reviews

There are various ways in which you can safeguard yourself from falling into the hands of a fraud forex broker. The first thing that you should do is to check for reviews and testimonials on specific forex brokers. This can be done over the internet but keep in mind that paid reviews and testimonials are not uncommon in today’s world. Choosing a forum where you can discuss the strengths and weaknesses of a forex broker is a much better option.

Here too, make sure that you do not fall prey to comments that are made by disgruntled forex traders. See more about this on plus500 scam. There are many traders that lose money due to decisions that they have taken and they tend to blame it on the forex broker since they are looking for a scape goat. Comments such as ‘the markets always fall as soon as I placed the order’ or ‘slippages were never in my favor’ are comments that do not reflect on the efficacy of the forex broker.

Learn to sift the comments in order to find the genuine reviews and comments before making your decision.

Important Checks for Forex Brokers

It is essential that you ascertain certain available features offered by the broker before taking any significant steps towards signing on. Here are some of them.

  • Is there an option to open a mini account or an account with minimum deposit? Use this account to place a few trades and withdraw your monies. Once you are sure that the withdrawal methods are genuine and easy to use, you will feel relieved about having easy access to your money.

    Scams

    Scams

  • Always  reading the fine print in the contract. Boring as it may seem, you need to read every word of the contract and understand the provisions offered by the broker.  Some incentives have caveats that will cause problems in withdrawing money. For example, if you have received bonus on opening an account and lost some funds, you may be allowed to access your money on the pretext that the funds have bonus amount included.
  • Choose to work only with forex brokers that are registered with the financial authorities to ensure that they manage their accounts and funds well and that they have the required financial backing.

Helpful Article:

http://en.wikipedia.org/wiki/Foreign_exchange_fraud

http://www.cftc.gov/opa/enf98/opaforexa15.htm







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By financen | July 21, 2013 - 6:27 am - Posted in Forex

Foreign exchange trading, better known as forex trading, is becoming a more popular method of investing for many customers. With its variety of currencies from which to choose as well as a number of precious metals and commodities, these companies are giving the stock market a run for its money when it comes to enticing investors. As more forex companies are established, there is lots of jockeying for position among them to gain the recognition of industry experts and the business of new traders. When it comes to the best of the best, here are some forex companies that are rising to the top of the forex trading industry.

One of the most popular companies is eToro. Needing only $50 to open an account, customers can find a wealth of educational information as well as current market statistics to help them along their way. New traders can open a demo account to help them learn the ropes of forex trading before investing any of their real money, mobile trading and one-click dealing. In addition to trading foreign exchanges, customers can also choose to take their chances with precious metals, oil, gold, commodities and indices.

Billing itself as the company for traders that want more, it offers something for everyone. Mobile trading, mini-accounts, scalping and hedging and more are available to traders. One of the more popular aspects of this company is its trading contests, letting traders compete against one another for prizes in a format very similar to what some fantasy sports leagues do for their customers. Targeting younger traders, Netotrade is determined to be the company of choice for younger traders who demand more from their broker.

XE Markets is a forex broker that lets traders open accounts for as little as $5. With lots of features for consumers including low spreads, no commissions and instant deposits the company is quickly gaining in popularity. Also offering numerous educational resources for new traders, XE is great at helping new traders learn the tricks of the trade before jumping into the forex game. Customers have access to efficient and knowledgeable customer service, and can choose from a variety of tradable instruments including forex, precious metals, equity indices and energies.

AVA FX is a forex company which has made great strides in web-based forex trading. Regulated by the Central Bank of Ireland, it’s very trader-friendly with its mobile alerts and trading signals, helping to alert traders to new information and when good deals may be available. Its web-based trading is also very user-friendly, and its many tutorials and online educational resources make it easy for new traders to learn everything they need to know about the field. Customers who are feeling lucky can take their new-found knowledge and invest in forex, oil, gold, stocks and more.

Investments of any type are risky, but with the emphasis on education and customer service these companies are making it easier all the time for new traders to enter the exciting and ever-changing world of forex trading.

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By financen | March 5, 2012 - 3:44 pm - Posted in Forex

Forex market is now easily accessible to anyone on the internet. Any average person can trade in different foreign exchange market from the comfort of his home.

If you are interested in trading currencies, its important that you first find an online Forex broker. It is always recommended that you start with a demo account and experiment it with different demo accounts from different online Forex brokers. If any broker is offering a free sign up bonus or similar, he should be your first preference. You can easily find one on the internet.

While signing up for a forex trading account, a broker will most likely require the following information.

 

  • Your name

  • Your full address

  • Your Email address

  • Date of birth

  • Phone number

  • Your chosen account currency type

  • Your chosen password

  • Your country of citizenship

  • Your social security number or tax ID

  • Your employment status

  • Your annual income and net worth

  • Your previous experience (if any) in trading and your objectives

A broker will need most of this information because there are different set of laws and regulations in each country. And all this information will be required to verify your identity. Regulations have been introduced so that the account holders are protected from any kind of harm and also because the Forex industry has become retail.

You should always do a thorough research on the broker with whom you are going to open an online account. Most of the brokers will ask for all this information mentioned above. If anyone is opening a Forex trading account for you without all this information, you should be suspicious and a little weary. You can search for the status of your broker through the National Futures Association (NFA).

Risk disclosures will be mentioned to you in the final steps of opening your Forex trading account. Brokers will keep you informed of all the risks of Forex trading so that you comply with the laws. It is very necessary that you understand all the risks associated with trading currencies. In Forex market, you will find a lot more number of losers than winners, so you should always plan your financial activities carefully.

After you have given all the information, the online Forex broker will verify all your information and keep a follow up with you. You should be always available with the supporting documents. Once all the formalities are complete, brokers will provide a speedy sign up process and they have an incentive to be efficient, since you will be providing them with business. Once you get your forex trading account activated, you will be able to fund it with your currency.

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