The beginners guide to the Forex Market – Part 1

What exactly are the basics of the Forex market? For those who are new to the world of Forex need to know that a Forex trader uses a special software and brokerage accounts to access the international currency market and place trades. The trades are actually made and financed by the brokerage. The brokerage makes its money by charging fees for this particular service that it offers, and then the money lent to cover the costs of the trades needs to be paid back. The trader is supposed to be able to make enough money off the trades to cover his costs and make a profit, or else, he will only be faced with losses in the market. The profits are generated from the differences between the values of the currencies involved. In theory, a person should be able to make a profit by anticipating the differences. If the US dollar is worth $1.60 in Canadian dollars, the trader should be able to make 60 cents by converting the US to Canadian dollars. Traders take up many different approaches to try to determine when they can make the most money by making a transaction. Since the market is completely computerized, the speculators can make instant transactions and earn an instant profit. Many Forex enthusiasts try to automate their trading with computer programs called trading robots. These automatically buy and sell contracts when the market hits a certain level. Some people believe these programs will generate an automatic stream of income. What exactly are the items that are traded in the Forex market? Oil, gold and silver are some of...

Which brokers offer Copytrading?

Which brokers offer copytrading? All of my loyal readers would already know what copytrading is. But, for those who don’t, copytrading is all about mirroring or copying the trades made by highly experienced and knowledgeable traders. This way, you would be in a better position to trade in a profitable manner, irrespective of how small or large scaled a trader you are! Now, there are countless brokers out there that offer copytrading services. Here is a brief overview of some of the best out there: 1. Etoro The kind of recognition and fame that Etoro holds in the trading world is simply immaculate – it cannot be matched! Etoro offers outstanding copytrading services, which are definitely going to make the entire trading experience a whole lot simpler for you. This way, you would be able to trade by copying the best traders present on the eToro trading network – the platform is fast, simple, and easy to understand. In order to get started, you would need to create an account, and then start using the investment network offered by the platform to look for the most successful traders at the moment. Once you spot a traders that you are interested in copying, the next thing that you need to do is select a position of your funds to begin investing and you’re good to go! It’s as easy as that! 2. Alpari Alpari is amongst the most well-known names in the entire Forex world. On the whole, it also offers a truly exhilarating yet simple trading platform that is surely very easy to understand. Alpari offers a social trading...

What is Copytrading in Forex?

Are you interested in trading Forex, but don’t have the kind of experience and knowledge required to succeed? Well, if that is the case, then there is simply nothing for you to worry about!  The only thing that you now have to focus on is that of copy trading. So, what is copytrading all about? Well, when you get into copytrading, you basically start copying or mirroring the trades that are made by some of the most highly knowledgeable and experienced traders out there. This procedure is additionally known as MentorsCopy trading, and is largely being practiced in the Forex world. The best part about it is that it makes it possible for everyone involved to trade in a far more profitable manner. No matter how small or large scaled a trader it is that you are, you now get to trade just like a professional! When it comes to copy trading, it becomes possible for you to imitate trading strategies that are typically being conducted by highly experienced traders. The best part is that it isn’t just their individual trades that you can copy, but even their overall investment strategies too, thereby guaranteeing that you would be trading like a complete professional. All that it takes is a mere click of your mouse, and that would assign a particular percentage out of your account balance for the copying of a specific trader’s strategies. However, you can also choose to follow multiple traders simultaneously. Copy trading – is it like social trading? To be honest, yes, however, in copy trading, you interact with other financial traders instead of trading...

What is a Forex Money Manager?

Online managed Forex accounts that basically manage and trade the markets in place of a client are known as Forex money managers. There are countless advantages that investors get to enjoy through these, and it goes without saying that there are countless managed Forex accounts out there that actually make a whole lot more cash – way more than they would have ever made through typical retail investors! The most prominent benefits offered by Forex money managers Mastering Forex trading is not an easy job, and to be honest, it gets a whole lot tougher for retail Forex traders who are trying it out for the first time. It isn’t uncommon for a majority of novice Forex traders to drop out in just a few months’ time. The first and foremost advantage that Forex money managers offer is that they prevent investors from having to come down to the table with substantial amounts of investments in hand, just so they can access their Forex accounts. Typically speaking, the average investment that is needed in this case is somewhere around a million dollars. However, one thing that you should note is that there are certain managed Forex accounts that would be willing to get you started for a meager $5,000! The best part is that once you get started, you would be able to have completed control over the investments that you make. Is that all? Definitely not! The major reason why investors turn to Forex fund managers is because of the simple belief that they would help them acquire increased returns over their portfolios. They would actually make it...

Plus 500 Review 2013: What Makes them the Best Broker?

In the world of Forex trading, Forex traders used to encounter different terms and concepts including various types of brokers. If you are a newbie trader, getting familiar with different brokers is one of the best things to do. You must have the initiative to do this as your first step. Probably, you already encountered so many brokers and you are still on the process of discovering more. This time, you can learn about Plus 500. And with this Plus 500 Review 2013, you can understand the important features and the reason why you must deal with this broker. Plus 500 is one of the famous Forex brokers and its headquarter is located in United Kingdom. Its main purpose is Forex trading, but it also offers trading in Commodities, CFDs, ETF, stocks, and Indices. At present, this broker is working with more than one million of clients across the globe. You will never hear anything from them aside from good feedback and comments. Most of its clients came from Europe and Asia. They also gained popularity in the entire America even if there is a strong competition there. Plus 500 Advantages In terms of useful benefits, Plus 500 can provide you a lot. This broker has so many competitors but what is amazing about it is that it was able to survive all the challenges it encountered in the industry of Forex trading. When it comes to special features, you will get amazed on how it has been created for the Forex traders. Plus 500 Platform The Plus 500 platform is in-house developed and uniquely created to run on...