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Forex Broker Online

Опубликовано: January 8, 2017 в 4:31

Категории: Articles

Forex Broker Online

Forex is one of the best money making arenas in the modern generation and we describe the elementary factors that needs to be kept in your mind while dealing in forex markets. In order to trade in this market you must have to register with a brokerage firm and deal with various brokers. Of course, you will have to seek the help of an experienced broker, and we show you how to spot the most experienced ones from the lot. Many questions regarding the working of brokers might also crop up in your mind and forexbrokeronline.org attempts to answer most of them.

Forex Broker Online

If you are new into this field appropriate, the experienced brokers will give you sufficient training. Confusion always exists in the fees that are taken by the broker and articles highlighting the common brokerage fees structure have been given importance. You must be surprised to know that brokers do not ever charge a commission and this is one of the primary differences between brokers dealing in equity and forex markets. The spread of the trade is taken into account in here and the broker charges the fees accordingly. In short, a broker can make or break your forex experience largely.

Another problem that is faced by novice forex traders is that they might get confused with the numerous websites that all claim to do the same – help you in dealing with the forex market. Since plenty of money is flowing into the field, many have resorted to duping the people off their hard-earned money. As far as possible always resist the temptation to invest on such websites. They always resort to charging a small premium for every transaction done in the forex market and sadly, many users are falling prey to it. I have created list of some good mini forex accounts those you can start with as low as $50.

If you are looking forward to make a career out of forex market, then this is the best website to check out for tips and strategies that is helpful to you and the buyer as well as the seller. The website extensively acts as a handbook to forex brokers who are seeking ways that might increase the profit margin by a larger scale. During the initially days of forex trading only banks were allowed to play spoilsport in this field. Now thanks to the advancement of technology, even you can become a forex broker taking the short route out.

The website primarily states how forex brokers work in the forex market on a particular day. The broker that you are sorting to must given the maximum value of money that you have invested on the market. Ample explanations have been provided to the different Pips and spreads that are practiced in the forex market. Novice forex traders can also peek and enhance their knowledge and skill levels, because the more you learn, the more will be your profits. Always look for a forex broker who can help you anytime of the day. The importance of maintaining communication with the broker is immense and illustrated in the articles.

Learn Forex With Forex Broker

Опубликовано: January 5, 2017 в 4:36

Категории: Articles

Learn Forex With Forex Broker

There has been a boom in the Forex trading business due to unlimited entrants to this business. Forex is basically dealing in Foreign Exchange. The investors are able to purchase and sell currencies depending on the conditions. Buying and selling of currencies help the investor in getting good returns on the investments. Just like the stock market, you need to buy when the market is low and sell when the market is high.

Learn Forex With Forex Broker

FOREX Boom

Anyways, it is not as easy as explained; otherwise everyone would join the Forex market. But if you have spent enough time, researched and done your homework, it would easier for you to understand the FOREX and also the nature of the business. To be successful in this business, you should be able to predict the market, its changes, keep track of the rise and fall of currencies.

In case your goal is to make a name for yourself in the FOREX market, you need to learn FOREX perfectly. In case you are ready to invest both time and money, you could take some classes or online training courses for understanding it better. In case you are not able to spare time and money, you could still learn it in your own time and with whatever little resources you have.

Books, tutorials and software help in learning the techniques and methods to do this business. You could always buy a beginners book to understand the basics of this business. Reading articles would also help you in understanding the trading techniques and tricks of the trade.

Get starting on the FOREX business

The Internet has made it practically very easy to do FOREX trading. Many forex brokerage firms offer online trading facilities; this enables you to do business from your home computer at any time during the day or night. The choice is yours. You only need to have software and network connectivity to the brokerage firm.

Also start with a demo. The demo would guide you on how to use the software. You would be able to get a hold of the software.

Learning FOREX

It may take some time but it is worth the time. You need to get educated on the principles and logics of FOREX trading. The FOREX market is also equally unpredictable like the Stock market. This is one reason not many traders are active in this business.

Different trading methods are used for FOREX trading. Each technique helps in determining trends and predicting changes in foreign currency. All this depends on market conditions. Understanding pips, price interest points would be greatly helpful. Some methods also guide when to buy or sell.

Getting full knowledge about FOREX would help your climb the success ladder faster and without jerks.

How to choose your Forex broker?

Опубликовано: December 10, 2016 в 4:34

Категории: Articles

Forex broker

There are many things we are dependent on throughout your life. Unless we get accustomed to the different systems, our smartness is of no use. The method on the basis of which the market operates also decides how our trade starts and completes. There are many Forex brokers all over the globe just as we find currencies being traded all over the globe. Certain tips which you need to consider while hunting for the right broker are:

Forex broker

Qualifications: This is very important in this line of business. It is very important that your broker is a registered one with the CFTC as a FCM (Futures Commission Merchant). This makes sure that you do not get into traps. This also gives your protection against any wrong trading practices or scams.

Ensure that the broker you are signing up with is trustworthy member of the CFTC so that your funds are not mixed up with the broker’s funds and in case you have a problem, you could always appeal to someone.

The operating model your broker uses. There are 2 types of brokers viz, ECNM brokers and market makers.

Each broker has a different spread to offer. What exactly is the spread? The spread is the difference in the bid prices and ask prices of the currencies traded in. The brokers earn their money by way of spread. Brokers also offer 2 types of spreads that is the variable spread and the fixed spread. The spreads also vary with regards to mini and large accounts.

Slippage – The broker should be able to decide on the slippage. They should know what to expect from the markets.

Margin requirements – The broker has to decide on the margin requirement. This implies the percentage you are ready to shell for opening the trade. It is very important you also clarify on the margin calls and the period required for responding to the calls.

Rollover policy of the broker- The broker needs to maintain minimum margin requirements. The broker can use this interest amount for overnight position. In addition, whether they also pay you interest on the rollovers. It is of essence that you understand this nitty-gritty so that you are not in a surprise at any given point of time.

Once you are completely clear and understood what you need from your broker and what the broker needs from you, the next step is to open a trading account. When the funds are transferred, you are now in a position to start trading. Please remember to go through the entire pamphlet of the trading instructions. The instructions would be very helpful and would give you an in-depth on how the broker would be able to guide you while you are trading.

7 Most Common Mistakes

Опубликовано: December 8, 2016 в 4:26

Категории: Articles

Common Mistakes

Forex Trading calls for in-depth knowledge and it is important that one understands the business well. This would help you in achieving profits. Hence, it is advised that you do your research well before getting started, so as to avoid making some very common mistakes which people end up committing.

Common Mistakes

The reason why forex trading end up committing these mistakes is that they trade without understanding the entire concept and do business blindly. Some very common mistakes committed by a novice trader are that of margin call. Investors make terrible decisions while trading and all these dreams are shattered – the prime cause for the loss is Margin Call. So let us now understand the concept of ‘Margin Call’ and the mistakes which are commonly committed.

Margin is the minimum deposit amount which is required of a trader to trade in a particular lot size. This is the minimum amount required to be deposited with the broker and it is directly dependant on the leverage ratio. Traders new to this business ideally look out for high leverage say for e.g. 250-1 & 400-1. This implies that a lesser margin is required to trade in bigger amounts. Under normal circumstances, this is considered ideal but in this case it is not. An example of this is as follows:

A Forex investor invests $500 in his forex account and does business with a leverage of 250-1. This implies that for trading a lot of 100,000$, an amount of 400$ needs to be deposited. This would result in a pip gain of 100$ which is just superb for this nominal investment.

This then takes us to the concept of Margin Call. Margin Call comes into effect when the broker informs you that the margin amount would not be sufficient to cover the losses incurred by you – this means that you would be losing out the deposit amount. As mentioned in the example above, a loss of 4 pip means that you would incur a loss of 400$ as well as a margin call. The amount of money of the trader would be used up.

The most common 7 mistakes that results in margin call are as follows:

1. Lack of knowledge of news events – It is important that the trader keeps abreast of the events taking place in the forex market, so as to avoid any losses.

2. High leveraging or over trading – It is imperative that a check is maintained on the leveraging amount.

3. Lack of trading system and plan – It is advised that a proper and exhaustive plan be drawn, so that you know exactly how to go about.

4. Pay attention to the very important concept of margin call – Understanding the importance and seriousness of margin call would help the investor in refraining from committing certain blunders.

5. Unavailing the stop loss order facility – It is advised that the trader uses this facility so as to prevent any further losses.

6. Allow highest draw on the account – Make sure you do not cross the limit as it would result in margin call.

7. Not paying heed to the trade experts and not conducting enough research – Keeping a track of the latest news from the trade professionals would help in taking some wise trading decisions.

How do forex brokers make their money?

Опубликовано: December 1, 2016 в 4:17

Категории: Articles

forex brokers

Forex brokers offer their services without charging a fee. GFT forex brokers are very similar to the Forex brokers and they get their share of fee from the other trading activities like purchasing, selling, holding foreign currencies, interest accrued on funds deposited and rollover fees. The Forex brokers do not charge anything extra from the investor. An experienced and veteran forex broker has years of rich experience which prove to be useful in understanding the markets and also guiding the investor accordingly.

forex brokers

It is really amazing how the brokers offer their services without charging a fee for it. The services rendered by a forex dealer are very similar to that of a middleman. Let us take for example as bread middleman. This person purchases bread from the wholesale market at a wholesale price, he then sells it to the retailer. The difference he makes is his profit. In case the bakery store needs to replenish further stock of break, they would contact the middleman. The difference which the middleman charges is his brokerage and his profit as well.
The forex market is very similar to this. The price at which the currency is purchased is called the ask price and the price at which it is sold is the bid price. The essence of the forex market is to buy low and sell high. An experienced forex broker would accordingly advise the trader when to effect buying and selling. Stock and futures market brokers do charge commission on the trades and transactions effected. The forex broker does not charge anything from the investor.

The forex broker purchases the currency from the trader at 1.1967 and the trader purchases the currency at 1.1971. The difference in the amount is the forex broker’s commission. The price gap which is there in each and every transaction is his profit. There are many trades effected by the forex broker day in and day out and the forex broker literally mints money. 0.0001 is called as the pip. In the above referred example, the forex trader makes 4 pips. When calculated in dollars, if the forex contract amount is 100,000$, the total transaction amount works out to 40$ or 4 pips. The mantra in forex trading is that tighter the spread, it is better.

Many forex brokers also offer demo trading accounts which make trading easier and hassle free. The trader is able to practice on these demo trading accounts using virtual money. This makes it easier for the trader to do real time trading. A trader only needs to have a computer and internet connectivity and connectivity to the broker’s website to enter into trading business. The software programs enable the trader to be successful in forex trading. It is important that you select a trustworthy and experienced broker who would be able to guide you properly.

Forex Brokers

Опубликовано: November 12, 2016 в 4:42

Категории: Articles

http://trade-leader.com

Commissions are not charged by most of the Forex brokers. They earn revenue by way of dealings through buying and selling, holding currencies, selling them, rollover fees. The amount the broker gets is really huge. Hence, there is no need for a commission.

http://trade-leader.com

Let us not feel happy over the fact that these brokers don’t charge commissions. They are definitely not doing charity. They earn their revenue by way of buying and selling currency. They sell your currency at a price and purchase it back at a low price. This is how they earn their spread or difference.

Let us now understand what a spread is?

Pip is the smallest increment in terms of money. It is 1/100th of a percent. The fourth place from the decimal point is the pip. It is also referred to as the basis point.

Forex brokers earn their money in the form of pips. The more the number of pips the greater is the spread. There are two types of spreads, a same spread and a variable spread. A variable spread may appear to be a very small amount in the market. When there are fluctuations in the Forex trading, the variable spread is low.

You can connect with the Forex brokers through large banks, investment companies and firms. They are regulated on the basis of the Directives issued by the Commodities Trading Commission. They are also governed by the directives of Futures Commission merchant. The Internet has increased accessibility to so many new traders and investors. Even though these small investors may not have the capital, they are still ready to do business. There are chances of success as well.

Expectations from Forex Brokers:

Once you are in touch with the Forex brokers, they need to be available round the clock for any queries. The Forex markets work 24 hours because of the time zone differences. In case it is midnight in one part of the hemisphere, you could still do business, because it is business hour in some other part of the hemisphere where the Forex broker has an office.

In case you need to leave urgently, you could always depend on your broker who is reliable by communicating on the phone. Please give clear instructions to your broker that you would also close certain positions on the phone, in case the internet is down or there is a problem with your PC.

It is advised that you conduct background checks about your forex broker. In case someone is able to vouch for the broker, it would be definitely good. You can be assured and do business with this guy. The Forex broker should also be transparent in his dealings. He needs to keep you posted about his company’s financial condition, and also be able to support it with proper documents.

The job of the Forex broker

Опубликовано: November 8, 2016 в 4:38

Категории: Articles

The job of the Forex broker

Sometimes a little support is essential especially when you want to invest money. It is very difficult for a naïve and new person to do business; the reason being doing business is not that easy. This is when the brokers come into the picture. They help you to glide through the problem without difficulty. Brokers help the investors in making the right investment decisions. The reason for forex brokers to gain popularity is the new and exciting avenues of forex market. Another important point worth mentioning is the best efforts put forth by the brokers. Many brokers have worked hard and smart to enable their clients make profits and good returns. Hence, the need for a good and trustworthy forex broker is felt.

The job of the Forex broker

The entire concept of forex broker has changed. Previously, only banks were main initiators of forex business. This concept has changed of late. There are well educated and knowledgeable professionals who are operating as forex brokers. The reason for the eruption of new professionals into this challenging field is due to the development and growth of this market. Internet has facilitated this and it has become very easy to do forex business. You just need to have access to internet and you can start trading. You need not deal with Banks. An investor can straightaway open the account with his forex broker and go online.

The forex broker would definitely charge a sum of money, but you can be rest assured the amount would not be a huge one. The commission earned by the forex broker is not very similar to the commission earned by a traditional stock broker. The income earned by the forex broker is actually the difference between the purchase price of the buyer and the selling price. Hence, the income which is earned by the broker is not directly proportional to the sales completed.

You should understand that a trustworthy broker is not a person who is there to only earn money out of you. A good forex broker would want to endeavor a long lasting relationship with his investors. These long term relationships are beneficial for both the broker as well as the investor. The broker is there to take care of the financial health of the investor. A broker’s job does not end only by tips giving, he also has to think beyond the box. He has to educate the investor on the principles of forex trading. Different ways of increasing the earnings of the investor also need to be considered. Hence, it is very important to know that the Forex broker’s role is very important and calls for lot of responsibility.
You need to identify the right forex broker. Ensure that your forex broker is connected either to a financial institution or any affiliate which is registered or of repute.

Forex Trade Software

Опубликовано: October 14, 2016 в 5:02

Категории: Articles

Forex Trade Software

Forex trading being one of the hottest passions of the modern day generation, many are switching to this market for added extra income. However, being a forex broker is not as easy as it sounds. Instead of learning the intricate concepts that has been associated with forex trading, they are taking the easy way out, by resorting to the help of forex trading softwares.

Forex Trade Software

Plenty of automated solutions are available online, which help in kick starting the journey into the forex arena. An introduction to such software solutions can be found in forextradesoftware.net. Since the market is rich with many similar types of software, it takes great amount of pain to obtain the best, but we at forextradesoftware.net might help you in choosing the most appropriate solution based on your needs.

The various advantages of the forex trading softwares have also been listed in forextradesoftware.net. Back in the olden days, you will have to go through countless forms of data before reaching to a conclusion. However, with the advent of such softwares, everything is accomplished with the few clicks of the mouse. The software must be designed in such a manner that fund management is given the topmost preference. You should also be able to feed various values into the software, so that it works out according to your needs.

In the field of forex softwares, you will be able to find plenty of free as well as paid solutions. Confusion may ensue so as to which product which be chosen. Do not worry, because forextradesoftware.net enlists the detailed reviews of various forex-trading softwares for your viewing pleasure. One of the advantages of signing up under a reputed brokerage firm is that they might provide you with all the necessary software packages which might propel in further into the field. However, how to choose the most reputed brokerage firms? An insight has been provided into choosing the best brokerage agency.

A noteworthy program, which is being used in the forex trading paradigm, is forextester. A detailed review of the product has been penned down by out in house forex trading experts. Your search for the ultimate forex trading software ends here at forextradesoftware.net. We offer the detailed and complete reviews of various other software products along with a special emphasis to forextester. One of the best reasons to opt for such software is that you will get to learn more about the market without spending real cash. Hence, you can practice any form of strategy without the fear of risks.

Alternately, you can also try practice accounts. Many forex account companies offer it. My favorite is eToro. I like it because you can play like real account but without risk of money. Try download eToro’s Software and open up a practice account won’t take more than 5 minutes.

Experienced Forex brokers

Опубликовано: October 8, 2016 в 4:59

Категории: Articles

Experienced Forex brokers

This question is valid and not many investors probe into this question “Whether the forex brokers are really their friends? When you first enter this arena, you would have many questions for which you would require answers. The only valid person who would give you the right answer is the Forex broker. We have preconceived notions that Forex traders do not charge commission. This is a false notion. Therefore every broker would try and persuade his investor to do business; the reason being only if the trader invests the broker would earn money out of it.

Experienced Forex brokers

It is definitely true that brokers in securities and commodities transactions get commission, unlike Forex brokers. Forex brokers are middles of Forex and they earn their money through many other trading activities.

Purchasing/selling currencies

Holding currencies, converting currencies

Interest accrued by way of deposited funds

Rollover fees

The Forex broker earns his money from the difference in the bid price and ask price. Previously, only large financial institutions, banks and other investment companies used to deal in Forex trade. The internet has made it possible for even small time investors to try their luck in this business. Brokers are connected to an investment bank and this bank vouches for the loans which are used as leverage in trading. The brokers buy in lots from these financial institutions and sell them back to the investor at what is called the ‘ask price’.

The bid price is the price at which the investor can sell back the position to the broker. For example if the ask price is placed around 1.1920 and the bid price is around 1.1923. The difference is 0.0003 or what is normally referred to as 3 pips. The broker makes the 3 pips in the bargain from the transaction. This also means that the broker has not make any commission in this deal. The normal size lot is 100,000$.

Hence, if the broker is making money in the bargain from the transactions, the broker would advise that you can continue trading, sometimes they also advise on fixing the tight stop so that you do not end up making losses. Trading also takes place based on press releases, which might put you in a loss, so you need to be careful while taking tips based on news releases and bulletins. Like mentioned earlier, a good broker would advise you whether to go ahead with the trade or not. You could also gather tips from people who have been in this line of business. People with experience know the market well as compared to the releases in the press and bulletins.

It is equally true that a broker would advise his investor correctly, because after all he also would earn money in the bargain. Most of the brokers in this line of business are qualified and experienced and hence they give sound investment advice.

Trade forex online with automated software

Опубликовано: September 10, 2016 в 5:05

Категории: Articles

automated software

Recent years have seen a large increase in the number of people taking up forex investing. Advances in technology mean that today, anyone with a computer and internet access can trade forex ‘alongside’ the professionals.

automated software

A lot of people now trading currencies previously had no currency trading experience at all, but came from other financial markets in search of higher returns. Other forex investors had no trading background at all.

Learning how to trade forex online can be a daunting task for the complete novice. While there is a large amount of information, books, tutorials and video available, it does take a lot of practice to fine tune and develop a unique trading strategy.

Nothing beats practice, and numerous brokerage firms offer demo accounts for free, online. These online demo forex accounts allow investors to use real software, with real prices and under real market conditions to practice trading without risking any money. Even with this much on offer, the prospect of making real trades alone, and risking real money till scares a lot of people.

Some companies therefore have tried to bridge this gap by offering automated forex trading software. This software is designed to assist forex traders identify and make profitable trades. There are a lot of different software packages for forex traders available on the market. As with any purchase, it is important to research and be well informed before making any purchases.

The first thing to realise is that trading strategy is perfect. Strategies that will make money for one investor in specific market conditions will lose money for another. Similarly, no package is perfect. At their heart, the software packages merely automate particularly strategies, so are similarly vulnerable. At best, any automated trading software should be used as an additional tool and guide by the forex trader. Anyone trusting a piece of software to trade on their behalf should be aware of these limitations.

It is always recommended to try out a demo version of any trading software. This is a good way of determining whether the way the software works, or indeed the recommendations for trades that it makes are suitable for your investment strategy.

A lot of traders do note successes using automated trading software. Online forums and discussion boards are littered with reviews of the various software packages on the market. They are written by people who have bought, and tried the software, and so it is useful to consider them ahead of any purchase. Packages will have both positive and negative reviews, and so it is important to balance both sets of reviews in guiding your choice.

Once you have purchased a package, it is just as useful to trial run it, and have the package just recommend trades instead of actually executing those trades on your behalf. Keeping a log of the trades recommended by the package, and any profit or loss will also be key to an objective evaluation in the future. If the package is consistently losing money, ditch it immediately, and start shopping for an alternative.

What all the software out there won’t replicate, is the trader’s instinct. This will only come with practice and experience. You will find therefore that the best, and most profitable traders do not rely on automated software, but use it as a guide, and learning aid, ultimately making their own decisions on trades.