Difference between revisions of "Bitcoin trading"

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Forex trading accounts are of many types. You can choose the type of account you wish to maintain. But while doing so there are two considerations to be kept in mind.• Level of trading skills possessed by trader.• Money the trader is willing to put up or risk while trading.Forex BrokersThe best thing to do while deciding on Forex trading is to approach a good broker. Forex brokers are always attached to a lending institution like a bank, due to the requirement of large capital. They should be registered with Futures Commission Merchant (FCM) and come under regulation of CFTC or Commodity Futures Trading Commission. It is very important to make sure that your broker has the backing of a reputed institution.
Forex trading is becoming more and more popular with more and more private investors trading Forex at home. Why investing in Forex instead of stocks, options, or commodities for example?Here are the main reasons that make Forex trading a favorite market to invest for traders all over the world:1/ 24 hours a day market place
As opposed to the futures for example, where the market is open a few hours a day, the Forex market is open 24/5 and makes it easy for the private investor to start trading during his free time.2/ No commissions
Trading forex is much less expansive than other investments. Generally, there is no commission. Online brokers make money on the spread (i.e the difference between the sell and the buy price of a currency pair). This spread is generally low and varies from 1 to 5 pips, depending on the brokers and the conditions of the market. There is also a form a Forex streading, the Forex spread betting, that is not subject to tax in some countries like UK.


Broker offer different types of trading accounts for people with different trading requirements and skills.Demo AccountBrokers extend services of demo Forex trading accounts for beginners and those who are new to the Forex market. This account can be used to get knowledge about the nuances of Forex market and trading. These demo accounts are free so there is no requirement of any money here. The broker uses virtual money to finance the account so you can begin trading without the risk of making losses. This would give you an insider's view of the market and teach you the strategies to be employed, the timing of trades and potential profit that can be made. This can be taken as training before actual trading with money can begin.Micro AccountMicro accounts are those which can be funded with as little as $1. This is used mainly for an experience with very little risk. This is another training tool that can be utilized to increase trading skills and sharpen your mind to detect potential profitable movements of currency pairs.Mini AccountMini Forex trading accounts require a deposit of $100 minimum. Those people who are familiar with Forex trading methods and routines but do not want to take high risks can try the mini account. This account reduces losses greatly but profits are also less here.Premium Account
3/ High liquidity
Forex is the largest trade market in the world. There is always a buyer and a seller for any pair of currencies. The trader can take a position whenever he wants at any time. There is no equivalent market or investment where you have such a flexibility.4/ Profit on bulls and bears
Due to the nature of Forex, chances to make money are equal if the market is rising or falling. Trades are always done with a pair of currencies: if a trader anticipates a fall of the first currency of the pair, he can always buy the second currency against the first one. The opposite mecanism applies if the trader anticpates a raise of a currency against another one. It is not the case for other markets where it is profitable only when the market is raising.


Premium accounts are ideal for experienced traders. These require a minimum fund $1000. The risks involved here are higher and so are the profits. Hence only traders with sharp and efficient trading skills should open a premium account for trading.Brokers offer more than one type of account for their customers. The mini accounts requiring less funding offers high leverage and the standard and premium accounts that allow trading on different leverages requiring significant amounts of capital is offered tools and additional services. Thus it is vital to ensure that the broker of your choice is equipped with right kind of tools and is offering appropriate services in accordance with your capital amount in your Forex trading accounts. [https://payjing.com/ stock trading]
5/ Free resources for Forex trading
There are a lot of free resources on the net(articles, videos, news,...). It makes it easy for a beginner to start by himself just self-studying and practicing at home.There are of course other reasons to explain the increase of interest for the Forex, but the most important is to keep in mind that the Forex has its own specificities and a trader has to know and use them to take advantage of it. [https://payjing.com/ investment solutions]

Revision as of 12:18, 23 October 2016

Forex trading is becoming more and more popular with more and more private investors trading Forex at home. Why investing in Forex instead of stocks, options, or commodities for example?Here are the main reasons that make Forex trading a favorite market to invest for traders all over the world:1/ 24 hours a day market place As opposed to the futures for example, where the market is open a few hours a day, the Forex market is open 24/5 and makes it easy for the private investor to start trading during his free time.2/ No commissions Trading forex is much less expansive than other investments. Generally, there is no commission. Online brokers make money on the spread (i.e the difference between the sell and the buy price of a currency pair). This spread is generally low and varies from 1 to 5 pips, depending on the brokers and the conditions of the market. There is also a form a Forex streading, the Forex spread betting, that is not subject to tax in some countries like UK.

3/ High liquidity Forex is the largest trade market in the world. There is always a buyer and a seller for any pair of currencies. The trader can take a position whenever he wants at any time. There is no equivalent market or investment where you have such a flexibility.4/ Profit on bulls and bears Due to the nature of Forex, chances to make money are equal if the market is rising or falling. Trades are always done with a pair of currencies: if a trader anticipates a fall of the first currency of the pair, he can always buy the second currency against the first one. The opposite mecanism applies if the trader anticpates a raise of a currency against another one. It is not the case for other markets where it is profitable only when the market is raising.

5/ Free resources for Forex trading There are a lot of free resources on the net(articles, videos, news,...). It makes it easy for a beginner to start by himself just self-studying and practicing at home.There are of course other reasons to explain the increase of interest for the Forex, but the most important is to keep in mind that the Forex has its own specificities and a trader has to know and use them to take advantage of it. investment solutions

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