Posts Tagged ‘ forex broker ’

i m a forex trader and i love it, i would not trade the job for the world, (pun).

forex is the larges market in the world and has several advantages over stock trading. but it also carries more risks as well, just like using any leveraged product you can lose a lot of money fast.

to become successful you will have to do a lot of work, and you will need time to develop the skills you need to trade. mental skills being the most importtant.

most traders give up after the first year. see link below for simple information, if you want it.

haha i thought you were asking what people thought of trading, not a forex broker. sorry never traded with gft.

great broker. Nice platform and good customer service.

What do you think of Global forex trading?

The forex trading market is a very complex beast and deters many potential investors who are afraid to get started in currency trading. But with this handy list of basic terms, you can begin to get your toes wet. These definitions along with other forex resources will allow you to understand the vocabulary so that you can move up to strategy articles and begin investing with a forex broker in no time.

Exchange Rate: This is the value of one currency when compared to another. for example, in EUR/USD 1.4004, one Euro is worth 1.4004 US dollars.

Currency Pair: The two currency units that make up an exchange rate in forex trading. These currencies will typically be written in ISO form.

Base Currency: The first currency listed in a currency pair. This term also is used to demark the currency that an account trades in.

Counter Currency: The second currency in the currency pair.

ISO Currency Codes: The common abbreviations used to denote a specific country’s currency. The most common examples and the chief currencies used in FX trading are listed below:

AUD = Australian DollarCAD = Canadian DollarCHF = Swiss FrancEUR = EuroGBP = British PoundJPY = Japanese YenNZD = New Zealand DollarUSD = United States Dollar

Order: The command by an investor for money to be transferred to another currency through a forex broker.

Automatic Execution: An order that is carried out without needing a dealer.

Manual Execution: An order that is implemented with dealer intervention.

FOREX ECN Broker: Short for Electronic Communications Network of the forex broker. Like the stock market, this network has bankers, traders, and market makers that allow a forex trading platform to operate.

Lot: The amount of currency per transaction. Standard Lots are measured in 100,000 units of the base currency. A Mini Lot is 10,000 units and sometimes Micro Lots are typically 1,000 units. Some forex brokers deal in lots as small as one unit.

Pip: A currency’s smallest increment, usually a ten thousandth of one unit (1/10,000) or four decimal places. Also known as points.

Spread: The difference between the sell quote and the buy quote.

These basic definitions should help create the basis of understanding the forex trading market and will help moving towards becoming an expert. With these resources, you should be able to open a Forex practice account to learn how the market operates.

How to Get Started in Forex trading: Basic Definitions

i want to do Forex trading in india.i want to know if it is legal in india or not?also list of any genuine Forex broker in NCR region & also list of banks providing forex trading, if any!

Yes it is legal in India and there are so many brokers in India those are forex broker as well.

Need help in forex trading.?

Leverates Mobile Trader which offers traders live access to their MT4 account through their iPhone and other mobile devices is now accessible through Apple App Store. The application which is fully synchronized with the Leverate Web Trader and MetaTrader is one of the most comprehensive mobile Trading solutions in the market.

New York, NY (Vocus/PRWEB) January 13, 2011

Leverate Private Labels can now offer clients mobile Trading in addition to the downloadable MT4 client, Leverate Web Trader and Binary Options Trader with access through the Apple store: http://itunes.apple.com/app/leverate-mobile-trader/id411884100?mt=8. Leverate enables its Forex brokerage clients to dominate the Forex market by offering a full host of robust trading solutions. Brokers can maximise their existing client base and reach out to a wider market by offering the Mobile Trader.Clients who want to access the intuitive Mobile Trader have an option of downloading the application through iTunes, or by directly accessing the broker’s site, which means no download necessary. The platform is completely compatible with the traders existing trading account and has a shared wallet across the full range of Leverate platform offering including MT4 Trader, Web Trader and Binary Options Trader. this means that the client uses the same login details and account to access all the platforms.

The benefits of Mobile Trader to the forex broker:

•     It can be fully branded and customized with the Forex Broker’s logo and brand colors.
•     It increases lead generation and conversion for the Forex broker.
•     Brokers can maximise yield from traders as people trade on-the-go.
•     Brokers can offer a bigger selection of platforms with a shared wallet.

The Mobile Trader which is multilingual is now the most comprehensive mobile trading solution in the market which is integrated to MT4. Approval to offer the Mobile Trader though the Apple Store comes after major enhancements to the Mobile Trader such as the recently add charting features; candlestick and line charts.

With the Mobile Trader:

•     use iPhone, iPad, Android and popular tablets.
•     Execute, modify and monitor existing trades.
•     Select favorite instruments to trade
•     Place and monitor pending orders (limits, stop losses and entry orders)
•     See tick changes in real-time

The Leverate iPhone Trader is available as a licensed standalone product or as part of the Leverate turnkey Private Label solution.

About Leverate Leverate offers cutting-edge solutions powered by breakthrough technology. Leverate provides market players with trading tools and services such as full white label solutions, Liquidity Bridge, live feeds and web & mobile applications. Dozens of brokers around the world rely on our solutions and services to increase trading volumes, achieve maximum precision and accuracy with market feeds and prevent fraud. in line with our commitment to our growing customer base, Leverate continues to develop new solutions and innovative technologies that address evolving market trends and generate better value for our customers.

For more information or a trial demo of Leverate Mobile Trader, please contact us at http://www.leverate.com/About- Us/Contact-Us / skype: leverate.sales

Juan JutglaLeverate44 20 8816 8970 117Email Information

Leverate's Mobile Trader is released through Apple App Store

N&#1077w York, N&#1077w York (PRWEB) July 31, 2008

A&#1109 &#1110t &#1110&#1109 CMS Forex’s policy t&#959 offer &#959&#1495&#406&#1091 fixed spreads, &#1110&#1495 effect traders w&#1110&#406&#406 experience a 33% reduction &#1110&#1495 transaction costs w&#1211&#1077&#1495 trading t&#1211&#1077 EUR/USD &#1072&#1495&#1281 USD/JPY. I&#1495 contrast t&#959 variable spreads w&#1211&#1110&#1089&#1211 m&#1072&#1091 widen during volatile market conditions, CMS Forex’s tighter fixed spreads provide consistent &#1072&#1495&#1281 predictable transaction costs f&#959r &#959&#965r traders.

I&#1495 addition t&#959 lowering spreads &#959&#1495 twelve &#959f &#1110t&#1109 currency pairs offered, t&#1211&#1077 N&#1077w York based Forex broker &#1110&#1109 offering six &#1495&#1077w currency pairs t&#1211&#1072t include three &#1495&#1077w currencies, t&#1211&#1077 South African Rand (ZAR), t&#1211&#1077 Hong Kong Dollar (HKD), &#1072&#1495&#1281 t&#1211&#1077 Singapore Dollar (SGD). T&#1211&#1077 &#1495&#1077w pairs &#1072r&#1077 ZAR/JPY, USD/ZAR, AUD/NZD, USD/HKD, GBP/AUD, &#1072&#1495&#1281 USD/SGD. I&#1495 t&#1211&#1077 past, t&#1211&#1077&#1109&#1077 regional currency pairs w&#1077r&#1077 reserved f&#959r t&#1211&#1077 institutional segment &#959f forex traders; now, t&#1211&#1077&#1109&#1077 currencies &#1072r&#1077 m&#1072&#1281&#1077 available t&#959 &#1072&#406&#406 &#959f CMS Forex’s clients. T&#1211&#1077&#1109&#1077 &#1495&#1077w pairs present a wider global reach, providing customers w&#1110t&#1211 opportunities t&#959 trade &#1110&#1495 emerging markets.

Lastly, CMS Forex &#1211&#1072&#1109 recently instituted a policy w&#1211&#1077r&#1077 trades up t&#959 one standard lot &#1072r&#1077 executed automatically, increasing t&#1211&#1077 speed w&#1110t&#1211 w&#1211&#1110&#1089&#1211 &#1091&#959&#965 &#1089&#1072&#1495 enter &#1072&#1495&#1281 exit t&#1211&#1077 market.

F&#959r more information &#1072b&#959&#965t CMS’s competitive spreads __title_ Click t&#1211&#1110&#1109 link., please visit http://www.cmsfx.com/en/forex-trading-services/forex-trading-terms/forex-spreads/?source=gaiapost

Ab&#959&#965t CMS Forex – Capital Market Services, LLC &#1110&#1109 one &#959f t&#1211&#1077 world’s leading online retail currency trading institutions. Founded &#1110&#1495 1999, CMS Forex offers &#1110t&#1109 clients t&#1211&#1077 advanced trading platform VT Trader, quality customer service, &#1072&#1495&#1281 competitive trading terms.

Share and enjoy:

CMS Forex: Tighter Spreads, Better Trade Execution, and Six New Pairs

I am looking at using automated forex trading software but wanted to know what else i need to trade.
It looks like i have to use a forex broker or some sort of online platform.
Basically, as well as buying the automated software, what other costs are involved with Forex trading (other than the trading money) & are they monthly or weekly costs, etc.
Finally, what are the approximate costs of these other things i'll need?
(2 Questions there…cheeky, i know).

hi
if u starting forex trading ..the main this is u should choose best trading plat form .i recommend etoro.it has many good features for traders then any other trading online platform
http://www.etoro.com/A13621_TClick.aspx
good luck!

just visit www.top-stockbrokers.com and find a Forex broker of your choice and apply online and get started. also depends where u r located and if u can transfer funds online or thru credit card. best of luck

What is required to start FOREX trading?

I was looking at two things, one seems to be a trading system on autopilot, the other a robot. I still don't know the difference… sorry newbie here

One is

http://warrenforren.org/2009/01/17/forex…
the other is:
http://warrenforren.org/2009/01/17/3/

I am nervous about a robot doing anything with my money. thoughts?

forex is what we call a "zero sum" game. you are making a bet with someone else about whether a currency will rise or fall. for every winner there has to be a loser. if you are smarter than the average player, you may make money. if you are dumber than the average player, you are likely to lose money. Most of the people making the "bets" in Forex are highly trained professions at banks and other institutions. you are unlikely to beat them at this game.

Actually Forex is not quite a zero sum game. It's a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It's a small amount but over a hundred trades, it ends up being a considerable amount of money. so the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.

I have never heard of a automated Forex program for home use that actually works, although a lot of people on the internet try to hawk programs they claim work. However, I am sure the professionals that constitute most of the Forex market have better programs that you are able to buy. once again, you are playing at a disadvantage.

I would recommend not trying to do Forex at all, unless you are a trained professional. It's like playing poker with people better than you, with the house constantly taking a small percentage from the pot.

Trading of foreign currencies through brokers is known as forex market. Movement of currency is the basis of forex exchange depending on market conditions. Process of dealing with the forex market to investors is called forex trading. Objective of every investor here is to profit. Opportunities of becoming rich or bankrupt via Forex trading are speculative, because changes in forex rate are unexpected.
As time goes by, the impact of engaging in forex trading business is becoming more and more powerful especially to those who focused and risk their lives in this kind of gamble. Thus, every business individual or company at the back of this venture must not only be knowledgeable and responsive. There are so many qualities to own, ideas to adapt, and techniques or approach to apply in order to include your self in the series of successful forex trading investors.
Recently, many forex trading companies are providing best Forex Trading Systems for their million clients. These systems can be accessed online, even without using your phone or going out somewhere else. in short, everybody deserves an effortless way of gaining profits at home. Online systems like these, provides historical display where you can back-check previous market exchange conditions. Having this is so simple. They can be downloaded directly to your PC, providing you a tutorial training based on video that will enhance your skills step by step. After this, why not imagine yourself profiting more in the biggest currency market in the world.
In fact, best forex trading system can be successfully achieved by examining first what is applicable or ideal for you. in choosing the best, you need to examine what is the difference between two kinds of forex systems – discretionary and mechanical forex trading systems.
The ways you choose the best forex trading system actually do matter. At the end, you still need to consider several significant points before having one. Determine the compatibility between the system and your personality; otherwise you will end up waiting for nothing. have one for trial and two as a second option is possible.

Hello all,

I'd like to share my views with you. There are certain things you should follow while buying a currency system

1. Understanding the basis of the logic of the system.

2. The system should aim to catch the long-term trends; day trading currencies has less probability of success than long term trading.

3. Simple systems tend to work best, as they are stronger in the face of changing market conditions. There is no link in currency trading systems between complexity of systems and their success.

4. Look at the maximum drawdown from peak equity. this is important in terms of money management, as you need to expect your biggest drawdown is ahead and commit sufficient funds to cover these downturns.

5. Not all systems come with real trading records; they can come with simulations over historical data. if the basis is soundly based logic then they can still work well.

6. At last, judge a system over years not months. all systems can have periods of losses.

Hope it may be helpful

I have read dozens of trading books for stocks, options & forex. One common denominator is….. the only good system is the one you develop yourself.

I tried Alert Services, software (including automatic trading programs, A/K/A EA's, autopilot & robots). I lost money with each one. It took me three years…. but now I have a system I created. It works for me because I made it based on how I need to trade.

The only people that make money with automatic systems are people that are already successful in trading. They put their rules into the program & they know when to run it.

Trading FX can be very rewarding…. but only if you take the time and work hard to get to your goals. Even with a lot of skill, the vast majority of people that try it…. fail.

Lately there has been a buzz about the latest way to make money. this way is through the Forex or Foreign Exchange Market. this market is dominated by large international banking institutions, but just recently individual investors have been filling up in the Forex market. Some have chosen to use their own strategy, some have chosen to use something called Forex Robots.

Why would anyone need a robot to trade Forex for them? It's a great question! here is the best answer for you…

You might want to take a look at some of the review websites online. you will be able to find trading statements and testimonials about some of the top systems.

Check out http://www.software-pc.net/best_forex_trading_program for the best program available online. Its a automated program that helps you sell and buy.

What is the best Forex Trading System?

In fact, it is not a secret that about 95 per cent of all the Forex traders lose in the Forex market and just 5 per cent of them really become successful and manage to make millions. the truth is that anyone could easily learn how to make money on the Forex market without the need to get any college education. All you need is to have the proper mindset as well as proper Forex training in order to succeed in this financial market. You could practice trading using the Forex demo accounts before you actually open a live trading account with any of the forex trading brokers. Some of the important tips for the successful trading include:

- You have to learn how to read the Forex charts. If you really want to trade with various currencies, first of all you have to learn how to interpret the Forex charts for analyzing the market data. If you are able to read the Forex charts, then you can easily find out high odds in the trading charts and determine market trends to get some great profits.

- it is necessary to choose the reliable Forex broker. Today a lot of new Forex traders neglect this point, but still it is extremely important to choose an accredited and reliable Forex broker. a lot of the Forex brokers are unprofessional and their trading systems are traditionally fake, which are used for just stealing money from you. You have to decide a genuine Forex Trading broker who will suit your trading style by getting suggestions from the experienced traders. You could check the features of the trading software by using demo accounts before you open a live account.

- You have to select the leverage ratio and right account type for your needs. it is vital that you select the account type based on the level of your knowledge, trading expectations and trading strategies. there are a lot of various account types provided by the Forex brokers as mini trading accounts that require low investments and standard trading accounts that require a minimum investment of $1000. as well, it is better to start with lower leverage during the trade because losses could be quite high if you lose. If you are equipped with proper knowledge about the leverage, then you could start a standard account, but if you are a new to the Forex market then it is recommended to start with a mini account.

- You have to concentrate on single currency pair and develop proper trading strategy. In fact, Forex trading is quite complicated because of the volatile nature of the market and you have to develop a simple and effective trading strategy if you want to be really successful.

As in any other sphere of life Forex needs some knowledge.

Of course, one can start forex trading and get quite successful in it. however sooner or later the losses will come. it is precisely when you might think “Why didn’t I start with a nice forex book?”

This does not imply that after reading even the best materials you will start making money, but this info will save you from many troubles. And even if you decide to get the help of a forex managed account service, still you will make a much wiser decision.

And a final piece of advice – today the online technologies give you a truly unique chance to choose exactly what you want for the best price on the market. strange, but most of the people don’t use this chance. In real practice it means that you should use all the tools of today to get the information that you need.

Search Google and other search engines. Visit social networks and check the accounts that are relevant to your topic. go to the niche forums and join the discussion. All this will help you to build up a true vision of this market. Thus, giving you a real chance to make a wise and nicely balanced decision.

And also sign up to the RSS on this blog, because we will do the best to keep this blog tuned up to the day with new publications about Forex currency trading.

How To Become Successful Forex Trader