What to Look for in a Forex and Binary Options Platform

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Forex and Binary options are among the simplest and most lucrative way of earning money today. Its popularity among investors is because it can be accessed online at all times. Another factor contributing to its popularity is that an investor does not have to be skilled or experienced to trade. However, just like any other business, a trader must follow some tips in order to be guaranteed of making a profit. 

There are several Forex and Binary Options platforms that can help an investor earn more profits. With the high number of platforms it can be a daunting task for an investor to select the best. Below are some of the things an investor needs to look for when choosing a platform to trade Forex and Binary Options.

It is best to select a platform that gives a return even when an investor is out of money. It can be quite disappointing and discouraging to lose cash and, therefore an investor needs to choose a platform that offers some form of return even for negative outcomes. Not many platforms offer such returns but there are ones that do offer up to a 15 percent return on out of cash results.

An investor or trader should also choose a platform that provides a wide range of trading assets. Today, investors have the opportunity to follow the movement of assets through financial newspapers, business news channels and the internet. A platform that provides a wide selection of assets offers the investor more opportunities to make profits.

There are also some Forex and Binary Options platforms that charge some form of joining fee, so an investor has to take care with such platforms with hidden costs or joining fees. Before starting to trade with any platform, it is important to learn about the joining charges and other fees before signing up. Quality platforms with a good reputation have a page committed to providing this information. 

A trader should also choose a Forex and Binary options platform that has excellent customer support. A good customer service department will ensure that any assistance needed can be provided within the shortest time possible as required. This is important because regardless of an investor's experience, sometimes one might need technical or other assistance. 

Therefore, customer support provided should be good to advise and offer help when required. An experienced customer service team should be trained in order to offer instant help without having to make other enquiries which can waste precious time.

Choosing a Forex and Binary Options platform that puts the investor first allows you to focus on your trades and profits.

The Internet’s Role in Forex Trading

The investment market has been expanding its client base steadily for many years now. Individuals from any and every occupation and background can participate in a range of trades including stock exchange, real estate, currency trade etc. Out of these the last one i.e. the currency trade or foreign exchange is the investment market which has garnered the most popularity in recent times. This new found popularity is not unfounded as foreign exchange can lead to high pay outs and is accessible to all participants via the Internet at any time. The massive participation of this market has resulted in a daily transaction of about 4 trillion USD. 

The most important factor which can help a trader to transact successfully with considerable profits in this market, is the Internet. It is this online world which has skyrocketed the market’s popularity by throwing it open to everyone, everywhere. Apart from this factor, there are also a number of forex market related benefits that are available to us, because of the Internet.

Following are listed a few such benefits:

• Research – Foreign exchange is a currency trade involving pairs of currencies from various nations e.g. currency pairs USD/GBP, USD/JPYen, USD/Euro, GBP/Euro etc. (most popular being the USD/EUR). Therefore, it is imperative that we know the major economical trends of the nations whose currencies we deal with. Here the importance of research cannot be stressed enough. It is through effective and optimum research that we can analyze all those national and international indicators that affect the currencies we trade. Thus, proper research will lead to sound analysis and accurate decision making, thereby enabling us to maximize our profit while limiting our losses. And since the Internet makes news from the remotest parts of the world available to us at the click of a finger, it is the most potent source for such research.
• Leveling the field – As mentioned above, foreign exchange as an investment market is available to one and all. There is no particular body governing or regulating the trade, hence direct participation without any middleman or forex broker is possible. Also, due to the sheer amount of money and number of players involved, it is not possible for any person or business entity to monopolize the entire market. The Internet further makes the process obstacle free and levels the field for all traders as it makes all the required information including research materials, training programs, rules and procedures available to one and all.
• Practice makes perfect – This involves one of the best forex related services provided via Internet i.e. demo account. A demo account is a virtual currency trading account through which you can invest virtual cash till you’re confident in yourself and have narrowed down on a particular trading strategy. These accounts are offered by many websites like teletrade (they offer it for free). All you have to do is to fill out the necessary details and download the relevant software (in the case of teletrade it is Meta Trade 4 or 5), and you’re ready for practice.

As mentioned earlier, the information stock of the Internet is inexhaustible, hence for further information on the subject you can look up the other available websites specializing in this field.

Author’s Bio – Alisa Martin is an investment advisor. She also regularly writes for teletrade and other popular forex and investment related websites.

Beginning Online Trading: Some Tips To Follow

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Online trading has been a newer interest among the speculators and stock market investors. Features like low entry price, user friendly software and no experience has made the entire process, including trading, charting etc. researching quite easier. While the entire trade seems to be promising enough, there are many tricks and traps as well. 

Though it is not a big deal for those who are dealing with the processes for a considerable period of time, the new traders might not be familiar enough with the different techniques and even a little mistake might reduce their account balances hugely. So, here are some tips for the new investors in online trading; take a quick look before you are going to invest - 

• Assess your financial situation – While investing in online trading is a good option for making money, it is important to check out if your financial status is stable enough for such an investment. Consider your present income, what are the basic expenses, what assets you have, how much debt you owe to the market, how much you can save after making an emergency fund etc. Make sure you have enough risk capital before investing and don't trade on options, stocks, currencies or commodities as that might lead you to serious financial crisis. It is advisable to be mentally prepared to lose some money and this is why it is important to have some meaning money or risk capital for making these investments. You can also consider using a demo account to get a feel of the market trends and how the entire process works. 
• Learn about charting – Charting is an important process of online trading and hence it is advisable to study the movements of charted price of individual instruments or stocks. Consider observing the movements during different time periods of the day, moving from longer to shorter periods of time. This will help you understand the long term and short term trends of the market. Follow the long term trend thoroughly and set your trading strategies based upon that. 
• Be concerned about the Entry Points – Observe the support and resistance levels closely when you are going to initiate the investment. Support level is that above which the stocks or other instruments stay while falling and resistance is the level at which the stocks and other instruments turn down on a rise. Always wait until the price reaches either of the level. Once you can track the underlying trend, be it support or resistance, open a position. 
• Learn the basics of online trading on your own – It is advisable for the beginners to trade in a practice environment to feel your personal trading style. There are different spans of time available and you can choose according to your preferences. While some prefer turning the trades around regularly, others prefers to hold the positions for weeks or at least for several days. Choose your suitable terms of trading and do through research on that. You can visit teletrade in order to get information about FOREX, and know the terms and conditions of dealing with FOREX etc. 

Author's Bio – Jacks is a renowned blogger and he has been associated with guest blogging for the last ten years. He is a pro on writing on online trade, stocks investments, finance etc.

Tips to make money online by investing in forex market

Foreign exchange market, also referred to as forex market, forex capital market, currency exchange market or fx, deals in currencies from all around the globe. The market permits financial institutions including banks to trade different currency denominations in an easy way. The best thing about forex trading is that it can be done online. 

However, before investing hard earned dollars in the forex market, one should consider some essential information about the market to understand how he or she can make noteworthy profits through this investment tool. Here are the factors to take care of before having a jump start in the market.

• Have a clear concept – At the outset, one must have a clear concept about what is forex market and how to trade in it. Foreign exchange market allows a trader to buy a certain amount of a particular currency paying the exact amount of currency from another country. The motto is obviously to purchase at a low and sell at a high price. This is same as the procedure followed in the stock market. For instance, if a trader believes that Euro is going to rise in terms of value, he can buy particular amount of Euro through forex market using American dollar or any other currency of his choice. 
• Understand the worthiness of forex – One must understand that forex trading is not as popular as stock trading. According to many economists, foreign exchange trading is nothing but currency speculation. Some of them even call this as a type of gambling. But that doesn’t make any sense as even buying bonds or stocks depends on sheer speculation. Nevertheless, before actively participating in online forex trading, a wise investor must open a free demo account with any forex trading website and gather hands on experience in the subject and about the market. A trader can operate virtual transaction through such an account for as long as thirty days. Trading in the forex market can be done online through a forex broker or forex mini account. Such an account can be created by signing up for an online trade account with reputed forex brokerage companies like FXCM, FX Solutions and GFT Forex. Taking a course on forex trading may come handy in order to trade successfully in the forex market and ensure minimum loss as well. Participating in mock forex trading can also come handy to gather experience. 
• Know the scams – To conclude, one must understand what is genuine and what is not. The beginners often get confused with promises like ‘forex made easy’, ‘make huge profit in forex’ etc. These are often misleading or even scam. One should study the market and know the basics of forex trading before he invests his hard earned money in it. He may also participate in seminars or webinars related to forex trading to enhance his ability to make more dollars by trading in the foreign exchange market. 

These are some good and helpful forex trading tips that come really handy especially for the newbie in the market. If you were looking for foreign exchange try here https://www.hsbc.com.au/1/2/personal/foreign-exchange/getrate

Some 15 Important Questions to Ask Your Forex Broker

International Currency Money for Forex Trading (Photo credit: epSos.de)

Day in and out, there are so many news bulletins that are saying different things with regards to currency changes and also forex changes. The truth is that, with every change there is one side that has negative effect with the other having positive. That is exactly how the world of business works. Well, if you have been in forex trading for long, you will understand all this and how forex works. However; if you are new to forex trading, there are so many very important and vital tips to consider before you decide to risk your hard earned money trusting a broker. 

Having a reliable and credible broker is splendid and will give you the best of the forex trading world. However; not all forex traders are really worth trusting to safeguard your investments. This is why you need to make sure the questions below are asked and found out into detail before you decide to put your investments in their hands.

1. For how many years have you been in the forex trading business as a forex broker? This question is important because; this will tell you and give you an idea as to the level of years of experience of the broker and if it is enough for you. 
2. In what exact condition is your brokerage firm in financially? When this question is asked, there are so many lies you can get. This is why you need to go on to ask if the forex broker will be willing to give you a copy of the company’s earnings and also profits (balance sheet). This will make you know if the broker was telling the truth or lies and mostly, if they are telling lies, they will not want to show you their balance. 
3. Ask if the broker has a cordial rapport with some of the best banks in the area or even online? This helps to put you in a sound position of your investments. 
4. Also, make sure you ask who will be quoting the rates. Ask if it is your broker, the bank or a group of banks. 
5. Also, make sure you find out if the spreads are variable or fixed. 
6. Make sure you also find out how tight the spreads are. 
7. Ask if the broker provides Fractional Pip Pricing 
8. Find out all the restrictions the broker has and also the rules he or she works under. This will help you to invest well. 
9. Also, find out whether you are allowed to make orders within the Spread 
10. Find out from your broker is you can make more interest or returns on positive rolls 
11. Also, inquire if you get more positive rolls at all margin points 
12. Ask if rollover rates are showed frequently and also find out where if the answer is yes from them. If the answer is no, do not bother investing with that broker. 
13. Ask if the trading stage permits you to hedge 
14. Also, ask your forex trader if you can lose more cash than that which you deposited into your account 
15. Finally, make sure you check out on the credibility and accessibility of client service by the forex broker. 

All questions above are the best of 15 you can use to get to know if your broker is really serious. If you feel you do not want to stress so much, make sure you study the broker and also examine the way in which he or she answers the questions and how willing they are to go on with more questions.

Author Bio:-

Nisha Pandey is a professional writer in forex trading articles and always recommends reading reviews and ratings of forex brokers before selecting one. You should also examine AvaFX ratings and reviews to find reviews written by forex experts.

Forex Basics

International Currency Money for Forex Trading (Photo credit: epSos.de)

The Internet and advent of electronic funds transfer in the early 90s made the world’s forex markets readily accessible. Today, the forex is one of the largest securities market in the world. Different players contribute to its market volume including individual investors, and huge hedge funds among others. Forex trading continues for 24hours as traders try to profit from changes in currency exchange rates. 

Basically, forex trading is quite simple because it involves buying one currency with another. If a trader buys a currency with another and the exchange rates of the two currencies move in the favour of the trader, the forex trader can buy back the original currency at a profit.

Trading in the forex market is based on a bid/ask system. The difference between a seller’s asking price and the buyer’s bid is called a spread. The smallest increment in the exchange rate is known as a pip and is usually one one-hundredth of the US cent. Commissions are not charged by forex brokers. However, brokers mark-up spreads to 3-20 pips and keep it as their fee.

Forex trading is all about exchange rates. To monitor changes in currency exchange rates, traders need to analyse forex charts, which show trading activities within a certain timeframe. There are several types of forex charts but the most common are bar charts and candlestick. Traders should have proper understanding of these charts to spot trends and make smart trading decisions.

How to read a Forex Chart

• Locate a chart to analyse. Charts can be found online or in specific forex markets
• Find the range. Charts are a reflection of short and long term trading. Forex trade beginners can easily read charts with a range of at least a day but not more than one week. 
• Identify the chart type. Bar charts have price ranges indicated with vertical bars while candlestick charts have vertical rectangles. Line graphs do not have bars or rectangles. Charts come in different forms and traders can switch to candlestick or bar charts for easy interpretation. 
• Locate open and close prices on horizontal “pegs” in a bar chart and top and bottom of rectangles on a candlestick. When the open rate is lower than the close rate, the rate has an upwards trend and the opposite is true. 
• Look at the chart as a whole. It will have groups of bars with different colors moving up or down indicating upward and downward trends respectively.

Common Mistakes in Forex Trading

Lack of knowledge
Forex trading is complex. There are many factors that affect currency markets including interest rates, inflation, elections, wars and money supply among others. These cause currencies in affected regions to swing up or down. Traders without knowledge of the countries whose currencies they trade in can make poor trade decisions.

Lack of discipline
One of the most important traits that forex traders should possess is money management skills. Traders with a plan on where to sell in case a trade is losing money can make higher profits.

Getting too complicated
Some people believe that the more complex an investment is, the more profitable it can be. This is not always the case with forex trading. Most traders who benefit from forex trading do the basics.

Greed
Some traders also believe they can make high returns every day. This makes them take huge risks in a bid to make more. Eventually, they lose all their money if they invested blindly.

With forex, traders can make huge profits on their investments but with the wrong decisions, they can also incur huge losses. Forex traders who learn the basics can avoid making blunders that will make them lose money.

If you want to learn more about Forex trading and want to understand those seemingly complicated currency charts, you can visit http://www.forexcharts.net/.

Forex Trading: The Trade of Today

Forex-sm (Photo credit: Wikipedia)

The foreign exchange market decides the flow and ebb of the global economy. It is here that the currency ratings decide the nature of trade for the day and the pace of business is set daily, anew. It is not run buy a group of people or an organization of banks, but is rather a communication portal between buyers and sellers that decide the game according to the simply policy of demand and supply. This determines which currency stands the most in demand and fulfills the charts of utility for the consumer to the maximum.

The forex trade not only determines the economic status of the globe but it also forges the way finance and trade could shape up in the near future. Therefore, a career in this field is one of the surest ways to make money. But like every business, the forex biz has its own clauses of risks and responsibilities and therefore a lot of new traders are advised to follow the necessary guidelines before they fully throw themselves in the trade.

The Forex trading companies lend a helping hand to the new bee in the business. They provide with a certain amount of guidelines necessary to consider while getting involved in the trade. First of all, it is necessary to treat forex trading as a form of business and trade and not as a form of gambling or an evening spent at a casino. It requires vision and planning at every step of the way and sheer commitment and determination to stick by certain principles which allow healthy trade and encompass the sound tactics of dealing with the ever changing nature of the market.

Next, it is important to consider all the pros and cons of the trade. It is a business like any other and therefore requires the readiness and preparation to deal with the associated possibilities of loss and profit. These possibilities can be further clarified if the trader knows his game well and plays his cards wisely. Knowing the simple policy of pricing action an entrepreneur can ensure a string of good deals since he is thoroughly aware of all the aspects of the dealings he consults and invests in those where he is pretty much guaranteed a good amount of money in return.

Knowing your skills is as important as planning your way through the current market scene. Your present actions will set the base for your future in the field and hence as a new trader it is wise to know everything about the trade before you start betting on appealing deals to invest in. It is advised that knowing the policy of pricing action enables a trader to see both sides of a deal thoroughly and therefore, provides him with a judgment that is not biased only towards the positives or the negatives. This ensures that all the aspects of the dealing are a clear picture laid out in front of the trader with his judgment as the final call.

Another aspect when it comes to forex trade is the cautious step of not over trading. Over trading is one of the major flaws that most of the professionals in the field succumb to. It is either caused by a streak of overconfidence due to a line of great dealings in the present or as an outcome of rage or depression due to a string of bad losses in the trade. Every new trader is therefore advised to be aware of this side of the business and to apply the stratagem of planning and executing so as to avoid this pitfall of over trading.

Bio: Huan Che is a forex trainer from China and has a group of intern traders under his care. He believes that every new trader in the field should have some prior training which will serve as an efficient groundwork when he steps into the trade all on his own.  Also he loves to write for http://www.admiralmarkets.in/

Different Financial Risk Types Explained

In an uncertain financial market, people with money to spare are always looking for investments with the perfect combination of low risks and high returns. 

Although no investment type is entirely without risk, by doing your research and trading wisely, you can still see big returns on your money. 

But which investment type is right for you? Here’s a quick guide to help you decide how to get the most out of your money. 

Share investment 

Investing in shares in generally seen as a long-term investment. It is extremely popular as the growth of shares normally out-performs inflation, giving you a greater return for your investment than a bank could.

When you buy shares in a company, you become a partial owner of that company. Depending on how many shares you have, you can vote in shareholder meetings and have a certain amount of say in the running of the company. 

If the value of that company goes up over time, so do the value of your shares. Therefore giving you a profit on your initial investment when it comes time to sell. 

Historically, investing in shares has produced some of the strongest after-tax investment returns over long periods of time. So if you’re looking for somewhere to put your money, this could be a great option. 

Two approaches can be taken when dealing with shares. You can either buy into a company and then hold on to your shares for many years. Or you can actively trade between companies, buying and selling shares as values fluctuate. 

Before you buy any shares, research potential investments as thoroughly as you can. Invest in the right company, and your money could be working for you for years to come but invest in the wrong company and it could be wiped out in an instant. 

Foreign exchange 

The foreign exchange market, also known as the Forex, FX and currency market is the name given to the market trading in foreign currencies.

Forex Money for International Curency (Photo credit: epSos.de)

Thanks to home computer programs and increased awareness of the Forex market, its popularity has grown massively over the last few years. In fact as of April 2010, average daily turnover in global foreign exchange markets was estimated at $3.98 trillion. 

To make money out of the Forex market, you have to buy and sell currency at the most opportune times. Exchange rates fluctuate constantly due to various factors; military action, natural disasters, and political activity all have an impact on market confidence and therefore the perceived value of currency. 

Trading in shares can be lucrative but risky 

Large companies can use this to their advantage by executing payments or purchases when currencies are at the right levels. Even the smallest change in rates can have a big impact on large transactions. 

Individuals can make money on a smaller scale by buying up one currency and then selling it when the exchange rates change. The margins are rarely massive, but it can give you a bit of extra cash in your pocket. 

Commodity trading 

Commodity trading refers to the trading of raw and primary products and the speculation on their values increasing or decreasing.
Raw and primary products include corn, milk, soybeans, sugar, precious metals and crude oil. Each product can only be traded in certain months of the year, so becoming familiar with the process is crucial before you start trading. 

Money can be made by speculating on crop performances. For example, if there is a bad crop of sugar the price of sugar will go up. So buying sugar before the price increase and then selling when it’s at its peak will give you a profit.

Geopolitical factors can also influence the commodities market. For example, political instability in the Middle East can drive up the cost of crude oil. Or military action in a coffee producing country could affect that year’s crop, also driving up the prices.

As with shares, commodity trading can be long term – buying a product at a low cost and waiting for the value to rise – or short term, where the products are sold high and then bought back lower. 

Dealing in commodities is like trying to predict the future 

Whether you invest money in shares, foreign currency or commodities, they all revolve around speculation, risk and luck. Outside factors can dramatically affect each market, changing the value of your investment over night.
So whichever market you decide to invest in, do your research, and study the market and most of all never invest more than you can afford to lose.

Tom Reynolds, financial analyst at currency brokers firm, Currency Index. He analyzes the changes in yields and financial markets on daily basis, creating predictions on how different financial risk will change in the future that helps the company to hedge its assets and secure their clients’ investments.