You can get tons of online trading FOREX on the Internet but which one is the really genuine online trading FOREX? Investing your money on the wrong online trading FOREX and your hard earned money will be gone. They are a lot of frauds on internet these days and we must be extra careful when selecting an online trading FOREX.
Once you’re sure that it is a genuine online trading FOREX, you must evaluate how good are their offer. Do they have hidden costs? Do they provide technical support? Are they teaching you the techniques and strategies of trading FOREX online for free? These are all the important questions you need to ask yourself before selecting a great and genuine online trading FOREX. If possible, find a genuine online trading platform that you can immediately register, deposit the margins of the deal and start running.
If possible, find an online FOREX trading where you do not need to download any soft wares. This type of soft wares will take you time to download and you need to spend more time learning its functions and features. Find an online FOREX which will provide you with sufficient tools once you’re registered. You also need to check for any hidden costs. Look whether there is any commission charged on trading and on your profit withdrawals. Find a FOREX trading platform which has a competitive spreads. The spread can go as low as 3 pips.
Choose your FOREX platform wisely or you’ll lose your money and time. Some online trading FOREX have hidden costs that are quite costly if you’re not careful. Worst, you’ll take days or even weeks to learn about their soft wares and features if you choose the wrong online trading FOREX. You need to determine what features and functions genuine online trading FOREX offer before putting your money inside.
--
Easy forex is an online trading platform gives lots of free valuable tools. You can start trading instantly at a very low cost. However trading forex involves risks, easy forex will not be responsible for the losses incurred by forex traders.
Visit online forex trading or go to http://genuineforextrading.com for more information
Source: http://www.articletrader.com
Showing posts with label commission. Show all posts
Showing posts with label commission. Show all posts
Thursday, January 29, 2009
Thursday, June 19, 2008
Forex Brokers- How do I Find The Right One?
Author: Ray Caran
As in any other market there are a multitude of brokers to choose.
Points to evaluate:
Low Spreads - The spread, calculated in "pips", is the difference between the price at which a currency can be purchased and the price at which it can be sold at any given point in time. You should know that Forex brokers don't charge a commission, so this difference is how they make money. In comparing various brokers, you will find that the difference in spreads in Forex is as large a spread as you would find in the stock market.
To keep more of your profits keep the spread lower.
Quality Institution - Forex brokers are usually tied to large banks or lending institutions because of the large amounts of capital required. Forex brokers should be registered with the Futures Commission Merchant (FCM) and regulated by the Commodity Futures Trading Commission (CFTC). You will find this important information on the website of its parent company.
Make sure your broker is backed by a well known and stable institution.
Tools and Research - Forex brokers offer a multitude of trading platforms for their clients. Before committing to your chosen broker, be sure to request free trials to test different trading platforms.
Find a broker who will give you the correct tools you need to succeed!
Questions to ask your prospective broker:
What are the normal spreads?
Are the spreads fixed or do they vary?
Do the spreads differ depending on ticket size?
Do all clients on your platform get the same spreads?
Some types of transactions
Margin Trading
Margin means borrowing money from a broker to buy a stock, or commodity, or currency pair and using the investment as collateral. It is, to all intents and purposes, a performance bond in cash or another means of security deposited by a trader.
Barriers
This is a standard option that automatically cancels out if spot trades through a prearranged knock-out level. This level is set below the initial spot for a call option, and above spot for a put.
Reversals
Reversals are primarily a Floor Trader strategy used to capitalize on minor price discrepancies between calls and puts. As implied by its name, reversals are the exact opposites of conversions.
Types of brokers
Market Operators
This most reliable group includes big commercial banks which are regulated according to bank laws and rules. If you elect to deal with such banks you will need large amounts of money to start. Minimal lot is approximately $1, 000, 000.
Market-makers
Market makers are financial which work with smaller broker companies and offer probable opportunities of Forex trading to individuals whose trading capitals exceed $50,000. They offer lower cost of Forex market trading. The minimal size of the bill is $50,000.
Small brokers
Smaller brokers working with individuals' small capital - which ranges from hundreds up to several thousand dollars. Risks of carrying out of deals begin when these little broker enterprises clear orders of their clients and work with the dealer or a market-maker.
Kitchens
The scheme of "kitchen" works fine if somebody doesn't start to win all the time. Their founders know that many clients just lose their money. And the profit of "kitchen" is these clients' losses. Then "kitchen" is closed with the remnants of clients' money and about two months later appear under other name. The scheme usually works like that. They offer to teach you for free and to learn how to trade in Forex market. Be aware that anytime money is involved, some one will try to help themselves to it.
Hopefully, I have helped to whet your appetite for Forex Trading.
There are some amazing Forex Trading Autopilot programs available. Do your research.
Article Source: http://www.articlesbase.com/finance-articles/forex-brokers-how-do-i-find-the-right-one-455290.html
About the Author:
Go here for an amazing Automatic Forex Trading System Forex Profits While You Sleep
As in any other market there are a multitude of brokers to choose.
Points to evaluate:
Low Spreads - The spread, calculated in "pips", is the difference between the price at which a currency can be purchased and the price at which it can be sold at any given point in time. You should know that Forex brokers don't charge a commission, so this difference is how they make money. In comparing various brokers, you will find that the difference in spreads in Forex is as large a spread as you would find in the stock market.
To keep more of your profits keep the spread lower.
Quality Institution - Forex brokers are usually tied to large banks or lending institutions because of the large amounts of capital required. Forex brokers should be registered with the Futures Commission Merchant (FCM) and regulated by the Commodity Futures Trading Commission (CFTC). You will find this important information on the website of its parent company.
Make sure your broker is backed by a well known and stable institution.
Tools and Research - Forex brokers offer a multitude of trading platforms for their clients. Before committing to your chosen broker, be sure to request free trials to test different trading platforms.
Find a broker who will give you the correct tools you need to succeed!
Questions to ask your prospective broker:
What are the normal spreads?
Are the spreads fixed or do they vary?
Do the spreads differ depending on ticket size?
Do all clients on your platform get the same spreads?
Some types of transactions
Margin Trading
Margin means borrowing money from a broker to buy a stock, or commodity, or currency pair and using the investment as collateral. It is, to all intents and purposes, a performance bond in cash or another means of security deposited by a trader.
Barriers
This is a standard option that automatically cancels out if spot trades through a prearranged knock-out level. This level is set below the initial spot for a call option, and above spot for a put.
Reversals
Reversals are primarily a Floor Trader strategy used to capitalize on minor price discrepancies between calls and puts. As implied by its name, reversals are the exact opposites of conversions.
Types of brokers
Market Operators
This most reliable group includes big commercial banks which are regulated according to bank laws and rules. If you elect to deal with such banks you will need large amounts of money to start. Minimal lot is approximately $1, 000, 000.
Market-makers
Market makers are financial which work with smaller broker companies and offer probable opportunities of Forex trading to individuals whose trading capitals exceed $50,000. They offer lower cost of Forex market trading. The minimal size of the bill is $50,000.
Small brokers
Smaller brokers working with individuals' small capital - which ranges from hundreds up to several thousand dollars. Risks of carrying out of deals begin when these little broker enterprises clear orders of their clients and work with the dealer or a market-maker.
Kitchens
The scheme of "kitchen" works fine if somebody doesn't start to win all the time. Their founders know that many clients just lose their money. And the profit of "kitchen" is these clients' losses. Then "kitchen" is closed with the remnants of clients' money and about two months later appear under other name. The scheme usually works like that. They offer to teach you for free and to learn how to trade in Forex market. Be aware that anytime money is involved, some one will try to help themselves to it.
Hopefully, I have helped to whet your appetite for Forex Trading.
There are some amazing Forex Trading Autopilot programs available. Do your research.
Article Source: http://www.articlesbase.com/finance-articles/forex-brokers-how-do-i-find-the-right-one-455290.html
About the Author:
Go here for an amazing Automatic Forex Trading System Forex Profits While You Sleep
Subscribe to:
Posts (Atom)