Category: Forex Trading

Submitted by: John W.

There are a lot of things that you need to know and understand if you are just a beginner when it comes to foreign exchange trading. Forex is very complicated and often times confusing but it can be learned and mastered. It is a type of investment where you will be dealing with foreign currencies instead of shares or stocks so the principles as well as how trades are done are very different.

Forex of course requires an initial investment. Standard forex accounts require minimum deposits of $1,000 to $2,500. You don’t have to always start with a standard account though. You can initially start your trading with a micro account. A micro account only requires investments that range from $250 to $500. It is best that you begin with this micro account and gain some experience before you upgrade to a standard account. A micro account will give you an idea on the market environment and as to how trading is done. These prepare you to the rigors and complications of a standard account. This is how forex trading for beginners should start. Get experience and skills before you ante up the stakes on your trades.

Most forex trading platforms also offer what is called a demo account. You can look at it as a free forex trading practice session. In it you trade currencies with virtual money. This way you get to learn the ropes of trading before you get into the real thing. These demo accounts are often online so you need a computer set and a fast and reliable internet connection.

Compared to other types of investments, forex trading have obvious benefits and advantages. First, you have total control over your investment. Second, you have no need of a broker although you have the option to get the services of one. Third, it does not collect certain fees that are common among other kinds of investments. Fourth, the government does not collect fees from traders on foreign exchange markets. And last but not the least, you can trade pretty much on any time of the day or night for that matter. Most forex trading markets are open 24 hours a day of the week.

As with any industry or business, forex trading comes with its own risks. These risks include limited protection provided by regulators and the need to meet required margin for each investment made or you will have to pay for the losses.

If you are planning to be involved in forex trading, there are some things you need to make sure that you have or have done before you get yourself into the mix. First, you need to understand the terms and the jargon of forex trading. Second, learn all you can about forex trading before you even think of making your first trade. Third, always make use of the demo account or simulator to get a feel of the action so that you will know how things are done. This helps you go in prepared and with experience. As we stated earlier, forex trading for beginners can be very complicated but once you get used to it, it ceases to be.

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A Few Things That You Should Know Before Getting Into Forex Trading

by

jenny christopher

People who are interested in making quick money in a legitimate way by investing it somewhere can choose Forex Trading. The term Forex is nothing but an abbreviation used for Foreign Exchange and the business of foreign currency is what is known as Forex Trading. This form of investment can appear to be very complicated and difficult to people but this is the case only with beginners. People who have a vast knowledge about it are the ones who make huge profits and returns on their invested money. This form of investment is a great way to make money without losing much.

The popularity of trading in todays time is mainly because of the advanced technology which made people to take up this trading business. With the development of technology, investors can deal with several online Forex platform which exists in the market today. The internet has also played a major role in the advancement of the trading business. There can be found various brokers and agents online who take up the orders placed by the investors. All this is done by the online portal as anyone can open an account. This is a great way for people to make use of their Forex accounts for trading purposes. A very common term which people come across during training system of Forex is Forex platform which is basically the site where traders do their business and also get information about every trading deal. If you want to make profits out of your investments then it is extremely important to understand the concept of trading platform. There is no dearth of these platforms as there are many available in the market. With changing times trading on the Forex market has become extremely easy. But beginners should always be cautious when starting with investing money in the market because little knowledge in this market can eat away all your hard earned money. Therefore, it is always advised to do a lot of studying and research before entering into the Forex world. The training system provides all kinds of basic information about Forex trade. For instance, you will be informed about facts like Forex Currency Trading is open 24 hours a day. This is different from other stock markets in the world because they work only during some specific hours. The reason it works 24 hours is because every country trades on it and so it is open throughout the day for people to work according to their time zones. The most important feature of an online Forex platform is that an investor can purchase and sell currencies and at the very same time get all the related information in least possible time. There are screens where one can easily view the charts explaining the market and status of their investment. All this helps trader to access his platform conveniently. However, it is very important to choose a platform quite cautiously and carefully because the trading depends on this. Also, one should have adequate knowledge about the way the market works.

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US Durable Goods Orders – Forex Trading Update

by

fxsolutions

Joseph Trevisani, Chief Market Analyst at leading Forex trading broker FX Solutions (http://www.fxsolutions.com/), provides a report of US Durable Goods Orders on 28th September.

\”Orders for goods designed to last more than three years fell slightly in August but performed better than expected and orders by companies jumped almost three times the forecast.

The headline number for all goods in the economy, consumer and business, declined 0.1%; -a fall of 0.2% had been predicted in the Bloomberg survey of economists. The July number was revised up to 0.1% to 4.1%.

The August improvement in non-defense capital goods excluding aircraft, synonymous with business equipment investment, shot up 1.1%, well ahead of the 0.4% prediction. The July result was revised sharply higher to -0.2% from -1.5%.

Business investment has been one of the steady drivers of the economic recovery that began in mid-2009. Today\’s number seem to indicate that despite consumer retrenchment business executive still view this as a good time to improve the competitive position of their firms.\”

Practice forex trading with a virtual cash balance by opening a free Forex demo account at http://www.fxsolutions.com/accounts/practice-account.asp

Forex trading

involves substantial risk of loss and is not suitable for all investors.About FX Solutions FX Solutions is a leading

online Forex trading

broker with a focus on advanced trading technologies, transparency of transaction and unparalleled customer service. FX Solutions serves retail clients, white label partners, institutional trading partners and introducing brokers in over 140 countries. FX Solutions\’ products are regulated in the United States, United Kingdom and Australia. FX Solutions in the United States is regulated as a member of National Futures Association, and registered with the Commodity Futures Trading Commission as a Futures Commission Merchant. In the United Kingdom, FX Solutions is a registered trading name of City Index Limited which is authorized and regulated by the Financial Services Authority. FX Solutions in Australia is a registered trading name of City Index Australia Pty Ltd. which is authorized and regulated by the Australian Securities and Investments Commission.

Learn more about forex trading

by visiting www.fxsolutions.com www.fxsol.co.uk and www.fxsolutions.com.au

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