Category Archives: General Forex

General Forex

eToro: Two Platforms are Better Than One

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From the moment of its establishment, eToro had set out to change the way we trade currencies. That meant throwing away the rule book, forgetting about established conventions and figuring out from scratch the best way to learn, practice and trade forex. This thought process gave birth to the eToro forex platform, a unique visual trading technology that opened traders’ eyes to the simplicity of the forex market, and provided an open and social approach to learning forex trading. And of course, as predicted, novice traders rejoiced at the opportunity to get a smooth start in new and not too familiar territory. As the traders’ skill matured so did the eToro platform, adding more sophisticated and advanced tools to the traders’ disposal. This gradual addition of advanced features created a problem: novice traders didn’t know how to use the new advanced tools and ended up feeling confused or making wrong trading decisions based on misusing these tools. Conversely, advanced users had outgrown the stage at which they needed trade visualizations to make sense of the currencies’ price movements in the market and were beginning to find them a nuisance rather than an aid. eToro’s brilliant solution to the mounting problem was to split the platform into a visual platform for beginners and an expert platform for advanced traders.

The split level platform idea seems so natural and ingenious that one has to wonder why no one’s thought of it before and why there aren’t any other platforms out there using this approach. eToro today is the only platform today that takes in account the fact that novice and experienced traders have entirely different needs and that using the same approach for both will inevitably alienate one, if not both, of these segments of the trading community. It also takes in account that traders want to be able to grow with the platform, and would rather stick to the same service provider if they can continue to provide for their changing needs. The bottom line is that the split level platform works. eToro today is the number one forex trading platform online and has thousands of new adherents every day. It just goes to show that thinking outside the box to come up with solutions that answer directly to the customer’s needs, is the way to go in forex trading.

General Forex

Bforex.com is The Top Site For Online Trading

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Online trading is catching up fast and many people these days prefer to trade in foreign exchange online. You don’t need to be an expert to trade online. But sometimes, especially if big amounts are involved, you may be at risk of losing money. There is no need to worry though because bforex.com has been designed just for people who are not forex trading experts.

The site enables you to trade in foreign exchange with the help of a seasoned team of currency trading experts. Here you will find all the tools, information and support you need to trade profitably. At first glance itself, one can see the various features on offer. For beginners, there is the Forex Academy which offers a range of information on foreign exchange and how to trade in forex. You can also find different trading platforms and even download a mobile application onto your mobile so that you can trade while on the go.

To make use of the various features on offer, you will need to create an account first. This can be done by filling in a form which requests details like first and last name, email address and phone number. Once you are registered, you can start trading. Forex trading can’t get any simpler. When you create an account at bforex.com, you will be assigned a foreign exchange expert or forexpert who will help you with your trading. He can educate you on techniques and tips in forex trading, trading platforms and more. He will be your point of contact in case of any enquiry or clarification. The best past is that the forexpert is at your service 24×7.

A point to note is that bforex.com is ideal not just for amateur and seasoned forex traders but also for investment brokers who wish to trade for their clients. In other words, it is a great place to launch and manage an investment broker business. Brokers will have to register themselves by filling in an application form and get access to advanced CRM software, advanced trading platforms, manpower solutions brand building features and more. The site also partners with large and small companies who wish to enter forex trading, outsource the responsibilities associated with forex trading or allow clients to engage in independent trading.

At the bottom left of the bforex.com page, you can see a number of options which enable you to access information on forex analysis- both technical and fundamental. You can also check out various currency charts and visit blogs on forex trading written by experts in the subject. From here, you can also view videos on forex news and login to your trading platform online.

Remember, bforex.com is not just any other website. It is an award winning site and the proud owners of the Best Financial Derivative Trading Provider 2010 and the Best FX Broker 2010 awards. This is the one stop website for everything including cutting edge forex trading technology, consulting, sales and marketing, business intelligence systems and much more.

General Forex

How To Become A Smart Forex Trader

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How to Become a Forex Trader Learning the method and madness to Forex trading before making the first trade can be one of the first aspects of becoming a successful Forex trader. This, combined with other methods of success in the Forex market can help the investor to create potential profit from the Forex market. First, learn everything that you can about the Forex trading market. This can include learning all information from forums, internet Forex trading gurus and reading everything that you can about the investment market. Learning is essential in any investing market and therefore absorbing all of the information that you can about the Forex market before making your first trade can help to find success. Next, open an account through an online trading website that will allow you access to trades each month. Although these accounts do come with membership costs, it is crucial to take advantage of these accounts and ensure that you are making the most of the Forex markets. Most often, the fees which are associated with trading can come in as little as pennies on the amount that is being traded and therefore will not impact the profits which are being earned by investing in the Forex market.

After the account has been opened the learning does not stop, it is time to look around the website and determine how the trading processes work. Trading can be completed twenty-four hours per day as the foreign exchange market is global and therefore never closes. Taking advantage of opportunities that can yield investment tips and advice, such as seminars that are offered are helpful, even for those that are already trading on the Forex market. Becoming a Forex pro can occur, but it is not a process that is going to happen overnight. In order to make the most of the market, the investor must be willing to learn everything there is to know about the Forex trading market. How to Become a Smart Forex Investor Although becoming a smart Forex investor takes two main principals: time and knowledge. There are many things that one can do to ensure that they are a smart Forex investor. It is important that a new investor has a combination of these aspects and a mindset for success while investing in the Forex market means the difference of profits or loss through the investment process.

Time It takes time to learn the market and time to learn the trading practices which are used through certain situations and certain programs. Therefore, learning all of the information required is not going to occur overnight, nor will the initial profit. It is important for new investors to know that they should start small and take their time until they are able to gauge the activity of the Forex market and the concepts that come with this unique and vast marketplace. Knowledge There are many people that trade on the Forex market without knowing the entire truth about the activities that are being completed.

The best kind of investor is an informed investor that should ensure they are learning about the Forex market, about certain techniques that have been developed to ensure success and about the history, current activity and future predictions of all of the currencies that they are trading. Other ways that knowledge can be obtained is by taking advantage of free newsletters, blogs, and information through tutorials and eBooks which are placed on the internet. Many Forex investors are willing to share information and help others that are trying to make their way into the Forex market and can serve as a guru or a guide through the entire process. The internet is full of free information so be weary when people offer information for payment, in most cases, this information can be found free of charge elsewhere

General Forex

Metatrader 4: A Convenient Means to Trade in Forex

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Metatrader 4 is certainly one of the most preferred platforms for forex trading around the world. Ask any expert, and he/she will tell you that it is their choice as well, for the simple reason that it is easy to use and provides a comprehensive view of the global markets. And one of the key tools that has been instrumental in giving this platform its current popular status is the Metatrader Forex Indicator(s). With this tool, you can have the edge of technology on your side to get better trading acumen and drive higher returns on your investments. And of course, another factor that attracts individuals and traders/brokers alike to this tool is the fact that it is free.

The Metatrader 4 indicator gives you its main benefit in the form of delivering the latest news in real-time updates on your computer screen. And even though they may or may not have any impact on the current trade, you would at least stay updated on the recent developments in the market, and would not have to look for another source like the television or internet sites that are sure to disrupt your attention while you are trading. Further, there are also a wide range of currencies that you can trade via this platform, and also leverage the data provided from the charts that give information regarding the history as well as the current status.

This would help you take better decisions and invest in the right place via Metatrader 4. And if you think that too much of information is going to be confusing, rest assured that it’s going to remain as user-friendly as ever, since everything is going to be organized and placed in manner that is easy to read and comprehend. In the end, I would just say that the Metatrader 4 forex indicator is a great tool to help you invest properly in foreign exchange, and must be tried at least once.

General Forex

Back to Basics – Currency Trading. How Families Are Creating a Killing in Forex Trading.

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The Currency Buying and selling marketplace has changed quite dramatically since participation was opened up in the 1970’s. Now, banks, a range of institutions and even mum and dad investors routinely participate within the market. But let us get correct back towards the basics. Currency Buying and selling could be really lucrative with extraordinary opportunities for anybody to make money from home – if you know what you’re performing and possess a great set of tools and techniques. Currency Trading is frequently known as ‘Forex trading’ or shortened even further to FX. Forex is short for Foreign Exchange.

The Foreign Exchange market may be the largest within the globe – and may be the most liquid. Approximately 3 Trillion dollars are traded each day. So the potential for earnings are huge – as nicely since the potential for losses.

Currency exchange buying and selling is similar to share trading in numerous methods. So that you can be successful you need to think about market fundamentals . For instance, instead of searching at the business’s board of directors expertise and track record, you are searching at a governments qualifications and track record. You look at a country’s upcoming developments and how this will impact other trader’s perceptions. Obviously you will find extra factors, including what decisions the central bank is creating and how this will affect the economy and trading position from the country. And beyond that, there is a level of technical anlaysis, much like share trading – acting on trends and anticipating what will occur tomorrow. So a Foreign exchange trader understands how to conduct a fundamental economic analysis, as well as how to read developments. Then he or she knows when to exit an “over inflated” economy prior to its financial “bubble” bursts.

Beyond the similarities, basic currency buying and selling has its own unique set of rules. By its really nature currency is traded in pairs: whenever you sell 1 currency exchange you’re purchasing an additional. Here is really a list from the commonly traded currency exchange pairs EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD AUD/USD, NZD/USD.* The ‘base’ currency exchange is the 1 within the left although the one on the best is known as the ‘counter’ currency exchange. The rate they’re exchanged at is known merely since the exchange rate. It tells you how much you need to pay depending on the counter currency exchange to buy 1 unit of the base currency.

Easy strategies work best in Currency exchange trading, simply because they’ve fewer elements to break than complex ones and are simply much more robust. Should you wish to learn a system base it on reading charts and spotting high odds chart patterns. You are able to add a few indicators to help time your buying and selling signals better and you then possess a program that can make money.So remember, effective trading techniques have three primary characteristics:

1. They are Simple

2. They operate Earnings and cut Losses

three. They Follow Long Term Trends

There is a lot of money to be created in Currency exchange buying and selling – simply because there will always be large trends that you can run with and make big earnings. The real key to making cash in Forex is the same as its always been – use a simple system and apply it with discipline. You have to accept that there will usually be losses, but, providing you apply your system with discipline you will maintain them little. One from the methods you can systematically apply discipline for your trading would be to institute an automated program that enters and pulls out of a market based on pre determined factors and rules. Automated systems – if they have a proven track record – can assist you strike gold.

The points raised in the article are only the Forex Trading fundamentals. Currency exchange buying and selling can lucrative and at the exact same time you can lose your shirt if you don’t invest in the best program. What you need is a tried and true program.

*USD = US Dollar, EUR = Euro, JPY = Japanese Yen, GBP = British Pound, CHF = Swiss Franc, CAD = Canadian Dollar, AUD = Australian Dollar, NZD = New Zealand Dollar