Forex Trading

Sunday, September 7, 2008

Which broker to choose?

As you know there are plenty of brokers with differnt terms in trade. So picking up the right one will be difficult. I'll give you some hints. If you want your money to be in safe place, pick a broker in your country, the broker will passed all jurisdiction rules, so if something happened you'll refunded. There samo importaint things to know when you subscribe to a broker. First of all is tha platform, im my opinion the best paltform is Meta Trader 4, so pick a broker with these platform. Another thing is spred, spred is difference of bid/asking price, the smaller spred, the better :). Leverage is other thing, with the help of leverage you can multiply you account, for expample if you have 10,000$ with leverage 1:100, you can manage 100 times bigger account, so you want hava 10,000$, but you'll have 1,000,000$ :).

Saturday, September 6, 2008

What do you need to enter in forex market?

First of all, you need computer :).
After suppling with computer, next step is to choose internet provider with nice speed.
And choose broker, there are many brokers, with different terms of trading.
If I can adviese you pick broker with MetaTrader 4 platform, this is the best platform in my oppinion. Go to Google and search for forex brokers :), if you still wondering, I'll be pleased to help you. You can add comment or write me to my e-mail.

Friday, September 5, 2008

Let's Begin!

The foreign exchange (currency or forex or FX) market exists wherever one currency is traded for another. It is the largest and most liquid financial market in the world, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions. The average daily trade in the global forex and related markets is continously growing and was last reported to be over US$ 4 trillion in April 2007 by the Bank for International Settlement.


 

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