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Forex charts are very important for every technical Forex trader and the perception of price helps in shaping the opinion of trends, determining the entry levels and many trading decisions.
The investor today has access to a growing number of trading and investment instruments. These range from the traditional industrials and blue-chips to the fast-paced forex and futures markets. It can be complex and complicated to decide which of these is best for your investing taste and there are many factors which you should consider.
If you’re planning to try forex trading, then choosing the best forex trading platform is an essential consideration you’ll need to make in the early stages of your forex career. However, there’s no denying the wide variety of trading platforms currently available – but they aren’t all created equal.
With this in mind, we’d like to share with you some crucial tips and advice for choosing a forex trading platform that’ll make your trading career a success, rather than cause you needless frustration – so let’s get started.
One of the first things you’ll need to pay attention to is the potential service charges and fees you may have to pay. These fees can vary be quite a large amount, so it’s important to make sure you read all of the small print before you sign up to anything.
While some brokers will simply charge you each time you decide to make a trade, others will charge you a flat rate ‘account maintenance’ fee, and still others may use other payment systems – such as an apparent ‘free’ trading system that merely makes a commission on your trades. With this in mind, it’s a good idea to research which system will best suit your needs, and be aware that this may change over time. Therefore, a good forex trading platform should also give you a reasonable amount of flexibility, too.
It goes without saying that you must choose a trading platform that meets regulatory compliance guidelines, because this will ensure the company has integrity, and your investments will be safe. While the regulation authorities are usually on top of the forex market, there’s no harm in doing your due diligence before you settle on any particular platform, because this will give you an extra layer of protection when it comes to choosing the right one for you.
Overall, choosing a quality forex trading platform will be a crucial aspect of your trading career, and it pays to do your research and find the service that will best cater to your needs. What’s more, it’s also worth trying out a few different services to see which one you prefer, and many of the best trading platforms will happily give you a free trial account, which will help you to get to grips with the basics. You can even make a few dummy trades on a practice account before you part with your real money, which means you can get started quickly and easily once you’re ready to trade.
As we all know, binary option is one of the most profitable strategies we can use these days if we want to earn some money online. Of course, there are many strategies and tools that can help us to boost our chances of success. One of these tools that definitely stand out is Dual Robot, probably the most reliable binary option robot we can find on the market.
Q: Is there any risk in profit taking?
The next phrase may be somewhat of a cliché, and in my personal opinion rather bad advice, but it needs to be noted. Using a static perspective with specific and well-detailed wording, a trading career carries the indirect expectation of being a binary bet and NOT any long-term plan. This means that taking a profit may give you a dollar at this moment; however, if the profit is based on an initial set-up with a monetary risk of hypothetically USD $100 and you are planning to execute a trade with the same R/R condition, a risk of doing this continues to exist. The risk which is, over a period of time, equivalent to the overall sum of your account balance.
Diversification across different financial assets seems to be the rage today but is it really that important? Most gurus preach that you should diversify your capital across different asset bases such as commodities, property, stocks, CFDs, forex, hedge funds…etc and I have no doubt whatsoever that this is a sensible route to take but I do think that as far as trading is concerned diversification is not always the answer.
Many people consider sovereign debt to be as much about debt as it is about politics. The sovereign entity has obligations to people that live there, and some of these obligations will end up being more compelling than the obligations from a loan agreement or from a bond indenture. This means that the analogy to personal bankruptcy or even corporate bankruptcy will only get people so far.
2015 was an excellent year for the U.S. dollar. However, with just 5 trading days remaining, many investors wonder if will still be a smart trade in 2016 to be long on dollars. The month of December has been difficult, with dollar bulls struggling to stay in control. Interest rates have been raised for the very first time by the Federal Reserve since June 2006. However, instead of the dollar appreciating, it erased most of its gains from November. Many investors are now wondering if the dollar can’t be lifted by hawkish forward guidance and a rate hike, whether or not it is a foolish idea to purchase greenbacks in 2016.
Is there something like Holy Grail of trading? Some kind of „magic” procedures and strategies that would be 100% efficient, and that would allow you to avoid all mistakes and earn every time? We think you already know the answer. Of course no. Nobody can understand all aspects of the global market, simply because it is too complex and unpredictable. This is the reason why trading is one of the riskiest jobs you can imagine.
However, there are certain “impulses” you can use for making your trading decisions safer, more accurate and more profitable after all. These “impulses” can be described as signs that global market (or local one) sends in a real time, giving us opportunity to predict certain movements and make better moves. If we are talking about the stock market, then we can call them stock trading signals. And yes, stock trading signals can be “X factor” that can make a difference between successful and poor traders.