Jan 312010
 

Everyone would like to find the best broker. Finding a good Forex broker for your Forex Currency Trading is a Must if you want to earn money.  You want to concentrate all of your energy in trading and doing Forex research instead of worrying about fake Forex systems or whether your Forex broker is cheating you. I have done a research to make your job a little easier.

Few things to consider when doing your Forex Broker research. Be sure that the broker has a physical contact address  and a phone number. Check this elements directly before sending any money.

  1. Whether the broker is registered with financial regulating authorities. Check to see if they are registeredd with National Futures Association (NFA) or Commodity Futures Trading Commission (CFTC) if they are based in the US.  If the Forex Broker is based in the UK, check to see if they are registered with Financial Service Authority (FSA). Continue reading »
Jan 132010
 

The platforms via internet allows to trade live for most brokers. Global forex trading is possible with the development of the technology. A great advantage of the forex market is Margin trading, which is basically trading with borrowed money from trader. Since you can only make profits by selling thousands of units of currencies it is impossible for traders to trade without margin trading. For example, if you want to make profits from the small fluctuations of the pound (GBP) you’ll need to buy 1 lot (which is about equal to 100,000 US dollars) and then wait for it to go up. When the pound goes up a little forex traders sell it and profit from the small gap between the original price and the sell price. Forex traders use small amount of money such as $1,000-$5,000 to invest and reap profits. If the pound decrease will lose money.

Basically this is forex – manipulating earnings on the small fluctuations. Some would say that forex is similar to gambling with money on money but the truth is that there are many forex trading systems that predict within a minute error range the future fluctuations of foreign currencies.