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By ICO ACEE
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The cTrader IC Markets platform gives you approach deep liquidity in 64 currency pairs plus 16 major equity indices. Active traders throughout the world value trade in the ECN environment, combined with surpassing cTrader functionality and streaming prices from several global banks, giving you the best trading solutions.
Very Low Spread
IC Markets recommends several tight spreads from all Foreign exchange brokers globally. Spreads on EUR / USD can often be seen at 0.0 pips during European and North American trading sessions. The average spread on EUR / USD is 0.1 pip 24/5. This is currently the most stringent EUR / USD average spread from any broker globally.
No Restrictions on Trading - Scalping Allowed
CTrader IC Markets Platform has no restrictions on trading. We have some of the best trading conditions for scalping and high-frequency trading globally, allowing traders to place an order between spreads because there is no minimum order distance and a freezing level of 0. This means orders including stop-loss orders can be placed as close to the market price you want. Traders can also hedge positions because there is no first exit rule (FIFO) with IC Markets.
Price Level II - Market Depth
CTrader market depth shows the full range of executable prices that come directly from liquidity providers. Orders are fulfilled for full order books using Volume Weighted Average Price (VWAP). The cTrader platform offers transparent liquidity for each currency pair by showing the available volume for each price level at a certain time. High liquidity, spot prices are out of sync, and low latency guarantees the tightest spread possible.
About IC Markets
IC Markets is the only Forex True ECN broker in the world that provides trading solutions for active traders and brokers, as well as traders who are new to the Forex market. IC Markets offers its clients the leading trading platform, low latency connectivity, and superior liquidity, latest market news, accurate signals etc. IC Markets revolutionizes online Forex trading online traders can now gain access to prices and liquidity that were previously only available to investment banks and high net worth individuals.
For more information: https://www.topasiafx.com/best-forex-broker/ic-markets
So, my trader fellows, read the process of choosing a trustable, reputable and almost best broker platform to start trading for the modern days: https://www.topasiafx.com/blogs/15-best-choosing-ways-of-a-trusted-forex-broker
-International Capital Markets Pty Ltd
-Level 6 309 Kent Street
-Sydney NSW, 2000 AUSTRALIA
Global Phone Numbers
General: +61 (0)2 8014 4280
Fax: +61 (0)2 8072 2120
At present, Forex or foreign exchange market is the largest online trading market. Now, people are getting vastly attracted to the Forex market and choosing it as a passive profession.
It's human NATURE to be attracted to the best.
In many ways, it is easy to see the attraction of the Forex market and currency trading for beginners. After all, an estimated $ 5.3 trillion traded on foreign exchanges every day, while the currency is a derivative that allows traders to profit even in market depreciation.
Before Your join Forex trading, KEEP This In Mind…
The nature of Forex trading on margin means that there is the potential to lose a lot more than your initial deposit, while market volatility also creates a significant price shift in a relatively short space.
By adhering to the dos and don'ts of Forex trading, however, you can start as a Forex trader while optimizing long-term chances of success. So, let's dive right in-
Here are the deets…
Do Understanding the Importance of Determinism
The peaks and troughs of Forex trading can have a significant impact on traders, who may remain at the mercy of decisions emotive without experience or curiosity determinism. The latter allows you to understand the underlying laws governing the changes in the Forex market and make more rational decisions, particularly in relation to long-term trading.
Do Follow a Trading Plan
If you are going to succeed as a Forex trader, you must have a clear plan and strategy that allows you to thrive in real-time market conditions.
And that's something you should DEFINITELY be doing.
Many of these can be formulated as you continue to learn about the Forex market, while the use of a demo account through trading platforms like FP Markets allows you to apply this practically in a simulated environment and risk-free.
Do Manage Your Expectations
We touched earlier on the subject of emotive trading, which can also have an impact on you as an investor expectation. More specifically, the results of a large and successful trade can create an unrealistic perception of the market, and it is important to remember the loss that failed and command both are part and parcel of any trading experience. This is why you should always risk management measures such as stop-loss to protect your capital in the worst-case scenario.
Do not listen to rumors
Make no mistake; the Forex market is one of the most-watched and studied in the world, and in the era of social media it is not uncommon for a variety of rumors out during the trading day. You should try not to listen too closely to speculation that because it is much better to use news sources reliable and verified information wherever possible.
Do not be greedy
While greed may be a small factor in your decision to trade currencies, you do not have to let it be your master. The reason for this is simple; the excess of greed can weaken your patience and cause you to become an undisciplined investor who makes decisions based on the return potential than the survival of the trade.
Don't take revenge on trading
The term 'revenge trading' refers to the emotional reaction to the loss, as you can see for this chase and recover your lost capital. While it's natural to want to close you're lost as much capital as possible, it is always important to remain in the 'now' trade and execute orders based on the merit of each.
And always remember do not rely on some unfaithful or unqualified sources for analysis and signal sort of things. Always try to use the accurate Forex trading signals because they'll help you gain profits.
In the end, Forex trading has some certain risks but if you follow the right steps and regulation then one day you may succeed in Forex.
And I really hope these steps which I've highlighted in this article will be benefited to many newbies and if you've any topic in mind that you want me to cover for you then please let me know.
The value of different currencies around the world depend on political events, economic and global social and fluctuates regularly.
This allows traders engaged fluctuations in foreign exchange or Forex to earn money by basing the sale or purchase of currency on speculation the future value of a particular currency.
Today the Forex market is worth more than $ 6 trillion and the largest financial market in the world.
The global Forex market is important for the sustainability of international trade relations, import and export, and the global economic framework and provides a livelihood for thousands of Forex traders around the world.
Read on to learn more about -
- Forex trading strategy
- The benefits of Forex trading
- 5 best strategies for 19-20
First of all, what is Forex trading?
Forex trading is the basis for all international transactions and exceeded the volume of futures or stock market trading.
The purpose of Forex trading is to exchange one currency for another in the faith that the value of the currency received will increase in the future.
What are the different Forex trading strategies?
Forex traders use many strategies and methods of analysis to determine the best time to buy and sell currencies. Here are the most important strategies involved in Forex trading.
Fundamental Analysis: Fundamental analysis looks at the integral indicator of the economy to understand if the currency is likely to be undervalued or overvalued in the future. This method can be a little daunting because it involves a lot of data elements of a country's economy.
This method also analyzes currency inflows and outflows in addition to economic news releases in the country.
Technical Analysis: Many traders favor this strategy as it gives a decent insight into the predictive value of the currency. It involves reviewing past behavior and recently to predict the value of the currency in the future.
Technical analysis involves a long list checklist for detecting small fluctuations in currency trends. It provides merchants with a visual and scientific basis to determine when to buy and sell currencies.
Trade Trends: This method involves identifying a trend of increase or decrease in the price movement of the currency. Using these trends to determine the best time to buy and sell currencies based on the strength of a trend.
This method involves a variety of factors such as the moving average, the value of the currency now and the relative strength indicator to calculate trends.
Swing Trading: This strategy looks to set up shop during the 'swing' trading-day period. This period is when the market registers the maximum activity. This strategy reduces the false price movements observed during the lean period.
Breakout Trade: Trade Breakout identifies the entry point of various trades before trading. If the price of the currency broke out of its range, traders can assume that the trend will continue. Similarly, if the price falls below the range, traders will know better than to sell the currency.
Why do you have to learn Forex trading?
Here are the main reasons that should convince you to invest the time and money to pursue a course in Forex trading.
It can serve as an additional income: Trading in foreign exchange can help you supplement your income from a steady job, which can ease your financial situation. However, it is important to note that it takes to build skills and intuition in the subject.
It is less dependent on the labor market: It serves as a perfect source of income because they do not get a lot of the work rate or downsizing in the companies affected.
You can choose the timing of your work: Unlike the stock market which is open for only six hours a day, the Forex market is open 24 hours for 5 days a week trading. This gives you the flexibility to choose your work schedule.
It involves lower transaction costs: Due to less number of intermediaries in the business, Forex trading has significantly less transaction costs unlike other types of trading. This will reduce your expenses and increase your profit margins.
You can work anywhere: You can access the Forex market from every part of the world as long as you have a computer and an internet connection to work. These days, it is even possible to trade when you travel with the help of a smartphone.
While all of the strategies involved in Forex trading, it takes time and technical expertise to know which one will be used at certain times. Pursuing a short course on Forex trading can help you become an experienced trader or you can use some help from the expert traders such as using their signals. They are both professional and experienced as a result, they can provide you with the best Forex signals. It'll DEFINITELY improve your trading skills.
1. What is the best Forex platform?
There is no one way to answer such a question. This will of course depend on the trader, in accordance with his preference, knowledge, experience as well as what he intends to trade (which financial instrument). Many intermediate-experienced traders, especially when trading on the currency market, prefer to use platforms such as MT4 or C-Trader which are designed mostly for Forex trading, as well as CFD trading, and for someone with some knowledge of the trading market.
Others, more novice traders would prefer the use of such platforms as ones found from Easy-Forex, iForex, or eToro, where limited math/ computational knowledge is required for their use and are a lot more straightforward to use.More advanced/ experienced traders, which may also prefer access to multiple markets would prefer to use such brokers as Interactive Brokers or SAXO Bank's SAXO Trader. Such platforms usually contain much more advanced charting/ analytical tools (although to be fair most analytical tools can also be obtained from MT4/ C-Trader) and also give access to thousands of instruments including Equities, ETF's, Swaps trading etc; and are designed with the ability to effectively allow traders to partake in such markets.
2. Forex Trader: What is the best way to do forex trading?
If you've looked into trading forex then you have most doubtable been exposed to all the various opportunities to make money and are wondering which is the best way to learn forex trading. First of all, the foremost thing I would advise is to get a Forex Education. There are countless material on Forex in the internet for newcomers as well as experienced traders - all you need to do is search. Spend some time reading up on how forex trading works, the concepts behind trades and how prices are impacted by economic and political conditions.
Secondly you must get some experience, if you want to learn forex trading, it's the only way. To begin with it is prudent for this to be on a demo account. This will give you a good technical foundation on the mechanics of making forex trades and get used to using a trading platform.After having traded for some time on a demo account it is very important to also use a Real one, albeit with little investment amount - find a broker that will accept lower sized trades (0.01 lots for FX) so that you can get a real feel for the live market. It is a whole different game trading on a demo and real platform, due to the psychological effect that trading with real money has. Trading small will allow you to put your money on the line, but at little risk if you make mistakes or lose money.From there, provided you are gaining more than you are losing, you should gradually increase your trading size and invested capital, always keeping in mind it should be an amount you can afford to lose and which you feel comfortable with.
3. What is the best forex trading software?
There are a number of Forex Trading software available, all with their specific advantages and disadvantages. Many trading companies have built their own platforms while others prefer to use, and in effect White Label, existing solutions which are commonly known within the industry.To say which one is best would be invalid as this falls on the opinion of the individual user, however there has been a clear trend in terms of popular platforms, which have proven to be favored among both novice and veteran traders. These platforms are the Metatrader 4 and C-Trader. The former has been built primarily for Forex products, while the latter has been designed to accompany other instruments such as Equities and ETF's. Both platforms are easy to use and master and come complete with full charting and technical analysis capabilities.
4. Forex Trader: How can one be a good forex trader?
If it was to be summed up in one word, the key to a good forex trader is discipline. Yes there are many things to learn and know before you make any trades or get involved in the financial industry, but one thing that must stay consistent throughout is discipline. Discipline in learning, in making your first trades and in sticking with your plan.The basics that all new traders should follow are:- Learn about Forex - there is an abundance of material on the net. Spend a good 1 month learning. Study Technical and fundamental analysis.
5. Foreign Exchange Market: Is it possible for an amateur forex trader to make sustainable profits trading forex?
Many Traders have made a living off of trading Forex and some have had very wealthy returns which have allowed them to become self-employed and leave the 9-5 work behind them. All of these traders have 1 thing in common - they all started out as an amateur forex trader! No one is born with the trading know-how; it is achieved through dedication and discipline.So Yes! an amateur forex trader can indeed make sustainable profits from trading forex. As long as he is willing to put in the effort and has the discipline to follow through with such a commitment then there is no reason why he cannot do what others have done before him in the same shoes.
6. Forex Trader: Who is the best forex trader?
There is no one best Forex Trader reviews - or at least there is no clear way to measure this (is it the amount one has won or the % gained from it). Also as many of the top forex traders in the world do not trade with their own money but instead funds and Company capital, it means that different psychological and risk appetite conditions exist for different traders and as such makes it bias to compare such traders success with those who trade with their own capital.The one thing to know is that what a lot of Forex traders do have in common is their appetite for success, their diversified portfolio and willingness to take measured risk.
7. Has anyone ever made money trading FOREX?
Yes! Not only have people made money trading Forex but many have made a livelihood!Although the majority of retail traders would not have as much success as professionals would, this is largely attributed to poor money management strategies and lack of discipline in sticking with their strategy.With 100% discipline and a good money management strategy, there is no reason why anyone should not have a good chance in making money from trading Forex.
8. Is FOREX the best way to invest money?
It is hard to say if it would be the Best as there are numerous ways of investing money and would largely depend on what the individual is familiar with; however it is one of the best, largely to the fact that unlike stocks/ housing market - an investor can make money regardless of the how the instrument is doing by both selling/ buying that instrument (or doing both - known as hedging).In the Stock market it is only possible to invest in the success of a stock - however in Forex you can both buy/ sell a certain currency against another and hence there is always a possibility for profit to be made.Also the fact that Forex is commonly traded on leverage, it allows Forex trading to become one of the most volatile and hence allows for higher profits (as well as losses) to be made - if traded correctly.
9. Foreign Exchange Market: What are the best forex blogs?
There are a number of locations on the web to find a great forex related blog, in fact many brokers have their own blogs also; but in order to remain unbiased I will recommend a non-broker blog. One of the most useful blogs for both novice and veteran traders alike is at https://55brokers.com - there is a regular update on current market movement as well as an abundance of information and back-forth ideas being expressed.
10. Is Olymp Trade a scam or legit broker?
No, it is not safe to trade with Olymp Trade. Olymp Trade is owned by Smartex International Ltd which is an offshore company registered in St. Vincent and the Grenadines.
11. Why do individual investors usually lose money in Forex?
The majority of retail investors end up losing money in Forex. In spite of the fact that they may receive the right training and educative material (or at least the same as some other successful traders may receive) many often fail due to bad money management rules and/or lack of discipline. The latter is the most often.The hardest thing in Forex is not making the calculations or predicting where to enter, how much to trade and/or what your limits should be; it is sticking to your strategy and following through with 100% discipline.