|
|
|
Forex Trading - Opportunities for Individuals
Indeed large multinational and individual banks and other major financial institutions have dominated FX trading (also known as Forex trading), but there is a paradigm change in the nature and type of investing. According to one estimate, in the new...
How Can I Make Money Currency Trading?
Basically you can make money from trading money. If you have US dollars you can buy British pounds for a set rate and they trade the money back in the future at a different rate. This can make your gains immense. Much larger than gains made on...
Investment Formulas - What Purpose Do They Serve?
What exactly does a formula do? A complete detailed explanation
can be as vast and complex as each individual investor and is
beyond the scope of this article but a brief summary of a
formula's usefulness would include the two primary functions...
Money Laundering in A Changed World - Part II
Money Laundering in the Wake of the September 11 Attacks Regulation The least important trend is the tightening of financial regulations and the establishment or enhancement of compulsory (as opposed to industry or voluntary) regulatory and...
Trends and Profitable Trading In The Forex Markets.
The basis behind using technical analysis is to find trends when looking at the forex charts and be aware of when they first develop so you can ride the trend until it ends. The foreign exchange market is a very strong trending market, lots of ups...
|
|
| |
|
|
|
|
|
|
Choosing the Right Forex Broker
If you've already made the decision to go ahead and start
trading forex, the first step you need to take is to choose the
right forex broker. Currency brokers vary more than the U.S.
Investment houses, so you really need to do your homework before
making a decision. This is very important because your broker is
almost like your business partner. They need to not only treat
you fairly, but also execute when called upon. Here are some of
the most important aspects to consider when picking your broker:
Low Spreads. Always look for a broker that offers low
spreads (which are measured in pips). The spread is the
difference between how much you can buy or sell a currency at a
specific point in time. It's very similar to the bid and ask
prices in the stock market. Since you don't pay a commission to
a forex broker, they make their income through the spread. You
don't get anything in return for paying the spread, so you'll
save money on each trade if you pick a broker with low spreads.
Amount of Leverage Offered. Leverage is essential to
making big money in forex. When you're making a profitable
trade, the amount of "increase" in what you're holding amounts
to just fractions of a penny per unit. So if you're not
investing tens or hundreds of thousands of dollars, your total
gain is minimal. To make a stock market comparison, assume that
you buy $5,000 worth of a stock for $20. A few hours pass, and
you sell it for $20 1/8. Total gain? A barely noticeable $31.25.
Now lets say you were able to borrow your brokers money, and buy
$500,000 worth of the same stock. Your gain would now be $3,125,
which is much more substantial. An equity broker would never
give you that much margin, but you can find some forex brokers
who will offer as much as 100:1, which means that you can borrow
up to 100 times the amount of your own capital invested.
Obviously, this can be risky because you can lose money as well.
Do your homework on how margin and margin calls work before
using it, but understand that it is the fastest way to big money.
Reputation of the Firm. All forex brokers
should be
registered with the Futures Commission Merchant and the
Commodity Futures Trading Commission. You should verify that
your potential forex broker is in fact registered before giving
them any money. Also, because of the massive amount of capital
required in the foreign currency market, brokers are usually
owned or operated by large banking institutions. Verify their
financial stability to ensure the safety of your investments.
Account Types Available. Small investors should look for
brokers that offer mini accounts. A mini account usually offers
a high amount of leverage (otherwise it would take decades of
successful trading to grow $300 into anything significant).
Every broker should have standard accounts which need $2000 to
start the account with and offers more leverage options. The
third type of account is a premium account, which will offer
access to more powerful tools, services, and research. The
amount of capital needed for a premium account will vary based
on institution.
Quality of Tools and Research. Just as in online stock
trading accounts, the quality and availability of tools and
research will vary greatly between brokers. Most will have real
time charts, news, & data, along with technical analysis tools.
Some will have expert analysts writing articles and reports. You
can look these analysts up on Google to see how credible they
are. Also look for technical trading tools, economic indicators,
and good customer support. I suggest starting a demo account at
several brokers to get a feel for their platforms and see what
type of system is most comfortable to you.
Choosing a forex broker is a very important decision, so take
your time and do your due diligence. If you end up with a good
one, you'll have everything you need to succeed and will be able
to focus solely on trading the forex.
About the author:
This article is just a small piece of the free Forex Trading Course at
forexgameplan.com. Go learn about this incredible market and
sign up today while the 30 day course is still free.
|
|
|
|
|
| Currency Trading, Forex Trading, Forex, Online Currency Trading |
| Offers 24 hour online currency trading for institutions and professional traders. |
| www.fxcm.com |
|
| OANDA FXGame - Currency Trading Demo Platform |
| You can start playing the currency trading market with real market conditions ... The platform was created with the goal of making currency trading ... |
| fxgame.oanda.com |
|
| Forex | Forex Trading | Forex Minis | Online Currency Trading |
| FOREX.com - THE site for forex trading. 24hr commission-free currency trading w/ real time execution and guaranteed fills. Forex mini accounts from $250, ... |
| www.forex.com |
|
| Currency Trading News, Forex Trading News, FX News, Forex News |
| Currency Trading News, Forex Trading News, FX News, Forex News - Daily FX. |
| www.dailyfx.com |
|
| Currencies - Currency Converter & Latest Rates at CNNMoney.com |
| Dec 6 1:18pm ET †, US $, UK £, Japan ¥, Euro €. US $, 0.5079, 115.05, 0.7517. UK £, 1.969, 226.50, 1.4798. Japan ¥, 0.008692, 0.004415, 0.006533 ... |
| money.cnn.com |
|
| FOREX Advisory |
| The CFTC urges you to be skeptical when promoters of foreign currency trading claim that their services or account management will earn high profits with ... |
| www.cftc.gov |
|
| Forex Trading: Online Currency Trading from Global Forex Trading |
| Global Forex Trading is the premier online foreign currency trading firm and a primary market maker. To learn more about forex trading, visit GFTForex.com. |
| www.gftforex.com |
|
| Amazon.com: Foreign Currency Trading: From the Fundamentals to the ... |
| Amazon.com: Foreign Currency Trading: From the Fundamentals to the Fine Points: Books: Russell Wasendorf by Russell Wasendorf. |
| www.amazon.com |
|
| Forex, Online Currency Trading, FX, Foreign Exchange | ACM Forex |
| Forex Trading with The Forex Broker. ACM offers online currency trading, commission-free, tax-free, lowest forex spreads on the market, guaranteed fills, ... |
| www.ac-markets.com |
|
| OANDA FXTrade - Currency Trading, Forex Trading, Online Currency ... |
| Currency Trading with FXTrade, leader in online currency trading, provides real-time execution, free forex charts and quotes, and 24 hour forex trading. |
| https: |
|
| Forex-Day-Trading.com - Currency Trading with FREE Training |
| Learn how to day trade currencies with our free training. Try a free forex trading demo for 30 days. |
| www.forex-day-trading.com |
|
| Forex Online Currency Trading: Welcome to Global Forex |
| Global Forex offers online currency forex trading at inter-bank FOREX rates. Try our FREE online forex demo trading system. |
| www.globalforex.com |
|
| Forex trading - Realtime Forex online currency trading |
| Realtime Forex offers commission-free online currency trading on live foreign exchange prices. Realtime Forex’s currency trading service also includes free ... |
| www.realtimeforex.com |
|
| Forex Blog |
| Forex news blog with daily commentary. Has a good beginner's article. |
| www.forexblog.org |
|
| Common Questions About Currency Trading |
| Whether you're puzzled by pips or curious about carry trades, your queries are answered here. |
| www.investopedia.com |
|
| OANDA FXTrade - Currency Trading Basics |
| Currency Trading Basics. Exchange Rates and Spreads: ... In currency trading, these codes are often used to express which specific currencies make up a ... |
| fxtrade.oanda.com |
|
| Currency trading, free forex charts, news and analysis |
| Online currency trading with technical analysis, charts and forex news. |
| www.gfforex.com |
|
| Finance - Currency-Trading Ezine Articles |
| EzineArticles.com allows ezine or email list publishers to upload or download free expert content that can be used within email newsletters or websites. |
| ezinearticles.com |
|
| MGFOREX |
| MG Financial Group - Forex, FX, Online Forex Trading. |
| www.mgforex.com |
|
| DirectoryM - Debt Settlement Solutions |
| Simply provide your contact details and describe your needs to receive a free consultation from business or personal debt service providers. |
| www.directorym.com |
|
|