Foreign Exchange Market

As a child, I remember collecting coins and bank notes from my father, every time he would return from one of his trips abroad. The colors, the pictures, the name and sign of the currency - it would transport me to a different world - a place where I saw myself traveling to different countries around the world. As I grew, I did travel to many different countries and my collection of coins and bank notes of different currencies kept growing. This interest in collecting different currencies soon developed into studying the connection between one currency with another and very soon into the world of trading foreign currency or FOREX as it is called. My interest led me to ; a website, where I learned everything about Forex trading and started my trading activities from and have continued since. Retail Forex traders - Finally, we come to retail Forex traders (you and I). The retail Forex trading industry is growing everyday with the advent of Forex trading platforms and their ease of accessibility on the internet. Retail Forex traders access the market indirectly either through a broker or a bank. There are two main types of retail Forex brokers that provide us with the ability to speculate on the currency market: brokers and dealers. Brokers work as an agent for the trader by trying to find the best price in the market and executing on behalf of the customer. For this, they charge a commission on top of the price obtained in the market. Dealers are also called market makers because they �make the market' for the trader and act as the counter-party to their transactions, they quote a price they are willing to deal at and are compensated through the spread , which is the difference between the buy and sell price (more on this later).

David Kane, a Houston oil industry technical support manager, says he found his way to Secure because he had stopped trusting bankers and brokers after the 2008 financial crisis. Kane, a single father raising three teenage boys, invested $2,500 in Secure in July 2013. His account grew to more than $4,000 by February 2014, according to his online statements.

The next type to consider are through EA/Expert Advisors. These types of signals are not good at all because those are the computer oriented programs which can ruin your money within a few trades. But fortunately this is not such a big problem today, as more traders have email reading devices. The most crucial aspect concerning the format you receive the signals, is to ensure that you receive them immediately, and have the capability to act on them straight away - so you have to have immediate access to your Forex brokerage account, and place the trade as soon as you humanly can.

Persons or entities including approved brokers not belonging to the NetDania Group may advertise on the NetDania and its Group's websites, through links, banners or otherwise. We have not taken any steps to verify the accuracy, quality or reliability of any products, information or services provided by third parties that have links on our website. We accordingly provide no warranties with regard to and disclaim responsibility for any such products, information or services and exclude all liability in this regard to the fullest extent permitted by relevant laws and regulations. If a user of the NetDania Group's websites decides to act upon any such advertising, such user does so entirely at its own risk.

Philip Augar is a former investment banker and the author of several books on the City. A pioneer in developing forex as a consumer product, easy-forex continues to lead with customized technology and personal service tailored to all levels of traders. I was able to appreciate the convenience of the available services and opportunities. I am going to deal definitely with InstaForex.


Post a Comment


Copyright © 2013. Easy Forex Book Tips
Support by Forex Trading | | Forex Trading Apply