4:08 AM
Shimul C. Dey
Just heard of Forex for the first time and probably asking “what do I need to start Forex? How much would be sufficient to start? Where do I start from……?” Well this is every beginner's heartache. Unfortunately important requirements are most times not included in the list of items required for Forex Trading in most answers to the questions above.
A lot of Forex Traders got very far in Forex without the required tools and they got to find out very late especially when series of losses began to occur. This is one of the reasons why beginners in Forex fail because they either ignored or never knew about certain vital tools or requirements they should have acquired when they started Forex.
A lot of Forex Traders got very far in Forex without the required tools and they got to find out very late especially when series of losses began to occur. This is one of the reasons why beginners in Forex fail because they either ignored or never knew about certain vital tools or requirements they should have acquired when they started Forex.
What is Forex Trading ?
Forex is a short form for the FOReign currencies EXchange market. It is one of the most liquid markets in the world, while being the largest financial market (daily average volume is about $3,2 trillion according to BIS report). Forex traders buy and sell various world currencies in order to gain profit on the currency’s price change.
The most traded currency pairs (major pairs) are EUR/USD (euro for U.S. dollar), GBP/USD (Great Britain pound for U.S. dollar), USD/JPY (U.S. dollar for Japanese yen) and EUR/JPY (euro for Japanese yen).
Forex trading is now accessable to everyone via on-line Forex brokers, which allow trading with almost any amount of money and on a very large variety of international currencies.
Forex is a short form for the FOReign currencies EXchange market. It is one of the most liquid markets in the world, while being the largest financial market (daily average volume is about $3,2 trillion according to BIS report). Forex traders buy and sell various world currencies in order to gain profit on the currency’s price change.
The most traded currency pairs (major pairs) are EUR/USD (euro for U.S. dollar), GBP/USD (Great Britain pound for U.S. dollar), USD/JPY (U.S. dollar for Japanese yen) and EUR/JPY (euro for Japanese yen).
Forex trading is now accessable to everyone via on-line Forex brokers, which allow trading with almost any amount of money and on a very large variety of international currencies.
How to Start Forex Trading?
To start trading on the Forex market you need a computer with the access to the Internet (preferably fast, but any connection will work if you won’t be scalping). On the Internet you’ll have to join one of the on-line Forex brokers. There are many such brokers available nowadays; chose the one that is more comfortable for you. A good on-line Forex broker should.Allow small accounts and deposits, so you can try it with a little money before starting a serious trading.Offer a variety of payment methods for depositing and withdrawing funds, especially WebMoney, e-gold or PayPal.Provide the convenient ways for trading — either a newbie friendly trading platform or powerful MetaTrader platform.Be a reputable and trustworthy on-line company, to which you could trust your trading account’s security.Have a fast order execution and funds transaction processing.Offer a dedicated on-line and on-phone support.
To start trading on the Forex market you need a computer with the access to the Internet (preferably fast, but any connection will work if you won’t be scalping). On the Internet you’ll have to join one of the on-line Forex brokers. There are many such brokers available nowadays; chose the one that is more comfortable for you. A good on-line Forex broker should.Allow small accounts and deposits, so you can try it with a little money before starting a serious trading.Offer a variety of payment methods for depositing and withdrawing funds, especially WebMoney, e-gold or PayPal.Provide the convenient ways for trading — either a newbie friendly trading platform or powerful MetaTrader platform.Be a reputable and trustworthy on-line company, to which you could trust your trading account’s security.Have a fast order execution and funds transaction processing.Offer a dedicated on-line and on-phone support.
Top 5 Forex Trading Sites :
Forex FactoryThis is a forex site which comes along with a predominant forex forum along with a better calendar. Additionally they have a wonderful section that provides updates on the news section for Forex
FXStreetFXStreet is a broker who is providing its services featured in multiple languages along with regular outlooks. They do provide aggregated forecasts on the weekly updates and previews for the big events on forex services.
ForexLiveThese live sites provides regular and healthy updates on the social platform like over Twitter, facebook etc. They are also available for the customers throughout the time. Additionally they bring in the interbank features which impact the forex, regular news updates and many more.
AlphavilleAlphaville is an active blog operated by the Financial Times that provides excellent analysis into deep mode. They help in understanding the regular and live updates on the forex trading.
Trading NRG
Here they assist in everything to have information that is linked to almost all. Hence it is very important to update the trend of trading commodities like oil, gas, gold and silver. Actually trading energy is the one that performs this works in an excellent way.
Here they assist in everything to have information that is linked to almost all. Hence it is very important to update the trend of trading commodities like oil, gas, gold and silver. Actually trading energy is the one that performs this works in an excellent way.
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