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21
Forex / Re: How to Make Money Trading ...
Last post by admin - Apr 01, 2020, 04:35 am
That huge $5 trillion number covers the entire global foreign exchange market, BUT daily trading volume from retail traders (that's us) make up between 5-6% of overall volume, or between $300-400 billion.
So you see, the forex market is definitely huge, but not as huge as the others would like you to believe. We don't like to exaggerate. We just keepin' it real.
Aside from its size, the market also rarely closes!
The forex market is open 24 hours a day and 5 days a week , only closing down during the weekend. (What a bunch of slackers!)
So unlike the stock or bond markets, the forex market does NOT close at the end of each business day.
Instead, trading just shifts to different financial centers around the world.
The day starts when traders wake up in Sydney then moves to Tokyo, London, Frankfurt and finally, New York, before trading starts all over again in Sydney!
In the next section, we'll reveal WHAT exactly is traded in the forex market.
22
Forex / Re: How to Make Money Trading ...
Last post by admin - Apr 01, 2020, 04:35 am
When you do this, you've essentially participated in the forex market! You've exchanged one currency for another.
Or in forex trading terms, assuming you're an American visiting Japan, you've sold dollars and bought yen.
Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.
It's these changes in the exchanges rates that allow you to make money in the foreign exchange market.
The foreign exchange market , which is usually known as " forex " or " FX ," is the largest financial market in the world.
Compared to the "measly" $22.4 billion per day volume of the New York Stock Exchange (NYSE), the foreign exchange market looks absolutely ginormous with its $5 TRILLION a day trade volume.
That's trillion with a "t".
Let's take a moment to put this into perspective using monsters...
The largest stock market in the world, the New York Stock Exchange (NYSE) , trades a volume of about $22.4 billion each day. If we used a monster to represent the NYSE, it would look like this...
Looks intimidating. Some may even find it sexy.
You hear about the NYSE in the news every day... on CNBC... on Bloomberg...on BBC... heck, you even probably hear about it at your local gym. "The NYSE is up today, blah, blah".
When people talk about the "market", they usually mean the stock market. So the NYSE sounds big, it's loud and likes to make a lot of noise.
But if you actually compare it to the forex market , it would look like this...
Oooh, the NYSE looks so puny compared to the forex market! It doesn't stand a chance!
Check out the graph of the average daily trading volume for the forex market, New York Stock Exchange, Tokyo Stock Exchange, and London Stock Exchange:
The currency market is over 200 times BIGGER! It is HUGE! But hold your horses, there's a catch!
23
Forex / Re: How to Make Money Trading ...
Last post by admin - Apr 01, 2020, 04:34 am
In the example above, you will receive 1.51258 U.S. dollars when you sell 1 British pound.
The base currency is the "basis" for the buy or the sell.
If you buy EUR/USD this simply means that you are buying the base currency and simultaneously selling the quote currency.
In caveman talk, "buy EUR, sell USD."
You would buy the pair if you believe the base currency will appreciate (gain value) relative to the quote currency. You would sell the pair if you think the base currency will depreciate (lose value) relative to the quote currency.
Long/Short.
First, you should determine whether you want to buy or sell .
If you want to buy (which actually means buy the base currency and sell the quote currency), you want the base currency to rise in value and then you would sell it back at a higher price.
In trader talk, this is called "going long" or taking a "long position." Just remember: long = buy.
If you want to sell (which actually means sell the base currency and buy the quote currency), you want the base currency to fall in value and then you would buy it back at a lower price.
This is called "going short" or taking a "short position". Just remember: short = sell.
The Bid, Ask and Spread.
All forex quotes are quoted with two prices: the bid and ask .
In general, the bid is lower than the ask price.
The bid is the price at which your broker is willing to buy the base currency in exchange for the quote currency.
This means the bid is the best available price at which you (the trader) will sell to the market.
If you want to sell something, the broker will buy it from you at the bid price.
The ask is the price at which your broker will sell the base currency in exchange for the quote currency.
This means the ask price is the best available price at which you will buy from the market.
Another word for ask is the offer price.
If you want to buy something, the broker will sell (or offer) it to you at the ask price.
The difference between the bid and the ask price is known as the SPREAD .
On the EUR/USD quote above, the bid price is 1.34568 and the ask price is 1.34588. Look at how this broker makes it so easy for you to trade away your money.
If you want to sell EUR, you click "Sell" and you will sell euros at 1.34568. If you want to buy EUR, you click "Buy" and you will buy euros at 1.34588.
Here's an illustration that puts together everything we've covered in this lesson:
24
Forex / How to Make Money Trading fore...
Last post by admin - Apr 01, 2020, 04:34 am
How to Make Money Trading forex.
What is forex trading?
How does forex trading work?
In the forex market, you buy or sell currencies.
Placing a trade in the foreign exchange market is simple. The mechanics of a trade are very similar to those found in other financial markets (like the stock market), so if you have any experience in trading, you should be able to pick it up pretty quickly.
And if you don't, you'll still be able to pick it up....as long as you finish School of Pipsology, our forex trading course!
The objective of forex trading is to exchange one currency for another in the expectation that the price will change.
More specifically, that the currency you bought will increase in value compared to the one you sold.
Trader's Action EUR USD You purchase 10,000 euros at the EUR/USD exchange rate of 1.1800 +10,000 -11,800* Two weeks later, you exchange your 10,000 euros back into U.S. dollar at the exchange rate of 1.2500 -10,000 +12,500** You earn a profit of $700 0 +700.
*EUR 10,000 x 1.18 = US $11,800 ** EUR 10,000 x 1.25 = US $12,500.
An exchange rate is simply the ratio of one currency valued against another currency.
For example, the USD/CHF exchange rate indicates how many U.S. dollars can purchase one Swiss franc, or how many Swiss francs you need to buy one U.S. dollar.
How to Read a forex Quote.
Currencies are always quoted in pairs, such as GBP/USD or USD/JPY. The reason they are quoted in pairs is that, in every foreign exchange transaction, you are simultaneously buying one currency and selling another .
Here is an example of a foreign exchange rate for the British pound versus the U.S. dollar:
The first listed currency to the left of the slash ("/") is known as the base currency (in this example, the British pound), while the second one on the right is called the counter or quote currency (in this example, the U.S. dollar).
When selling, the exchange rate tells you how many units of the quote currency you get for selling ONE unit of the base currency .
25
Forex4you trade forex / Re: Forex4you is offering high...
Last post by admin - Mar 31, 2020, 02:17 pm


Forex4you Registration


Established in 2007, Forex4you is an online Forex/CFD broker as well as social trading provider that was setup to provide an offshore alternative to the existing market structure that is dominated by EU/UK brokers. Incorporated at a time when the global financial markets were starting to experience the early signs of an economic meltdown, Forex4you had the goal of navigating the storm and successfully managed to grow its client base to more than 1.5 million traders within a decade.

On Forex4you, access to the latest traded assets is provided, and this is reflected in the fact that cryptocurrency CFDs are a prominent feature on its platform. Forex4you provides both Dealing Desk and No Dealing Desk models. The brand is operated by the E-Global Trade and Finance Group, a company presently located in the British Virgin Islands.
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Forex4you trade forex / Re: Forex4you is offering high...
Last post by admin - Mar 31, 2020, 02:14 pm
How much it costs to trade with Forex4You
Forex4You have made the choice to not charge commission. Instead a slight spread is added to the prices that traders receive from the market quotes. For a normal trading account the spread payable starts at 2 pips for the most popular currency pairs. Classic Non Dealing Desk (NDD) Accounts pay spreads that start at 0.75 pips.

Customer support is available 24/5
For any problems or questions, Forex4You offers customer support 24 hours a day, 5 days a week. To contact one of the team there are the usual methods such as Live Chat, FREE phone number, and an email option. The general feeling is that the level of service is pretty good, with calls and chat being answered in less than a minute. Emails naturally take a little longer, but you should expect to receive a reply within 24 hours.

Payment options with Forex4You
There are a number of different options for clients of Forex4You to deposit and withdraw their funds. These currently include bank wire transfer, prepaid and credit cards, and electronic payment systems such as FasaPay, WebMoney, Neteller, and Skrill. There is also the option to withdraw funds via a Payoneer Mastercard, which generally takes place in less than 24 hours.
There are plenty of attractive features for both new and experienced traders. These include:

 
  • Support available in a number of different languages including Mandarin, Russian, Cantonese, and Thai
  • A good choice of trading accounts
  • Low spreads that are reasonable
  • Customer support is responsive
  • Education center that is very informative
  • Payment options are good, and include support for Payoneer Mastercard
27
Forex4you trade forex / Re: Forex4you is offering high...
Last post by admin - Mar 31, 2020, 02:11 pm
Forex4You was established in 2007, and is the brand name of holding company E-Global Trade and Finance Group Inc. This holding company is registered in the British Virgin Islands, and specializes in offering forex trading online for retail traders all over the world. Forex4You is a relatively small fish for personal traders, but has made quite a name for itself with retail traders, however big or small their volume may be. One big plus for beginners is the fact that there are cents trading accounts. Something that very few other brokers offer. We always advise novices to start small and this account offers ample opportunity. Another big plus which is certainly worthy of a mention is the Forex4You bonus program of up to 25% on deposits.

There is currently only one trading platform available. However, this shouldn't be considered too much of a disadvantage, as it is the ever popular, MetaTrader 4 (MT4). MetaTrader 4, is also known as MT4, and is one of the platforms developed by MetaQuotes Software. It is used by a large number of online Forex brokers, and can be downloaded directly from the website, or via an MT4 broker, such as Forex4You. With MT4, Forex4You can offer all the tools and resources needed for traders to analyze prices, places, and to manage their trades.
MT4 has proved to be pretty robust, and many traders looking for new brokers will be pleased in the familiarity of this very popular trading platform. There is an Advanced Charting Package, Automated Scripts, Trade Alarms and Market Alerts, Trailing Stops, along with a wide range of technical indicators.

Forex4You offers 4 different types of account
The Forex trading community has a wide diversity of traders, and while the options with Forex4You are smaller than many other brokers, there should still be something to suit most.

Cent accounts - This type of account is primarily aimed at new traders. Those that would much prefer to try things out before venturing into the Forex market and trading with larger amounts of cash. There are two options for those with smaller amounts to invest and these are the Open Cent and Cent NDD accounts. And for those who would like a bit of practice before investing anything at all, there is of course a demo account.
Classic accounts - Once a trader has gained some experience, and has a few hundred dollars to invest there is a classic account. Again, there is an Open and NDD classic account to choose from.
PAMM accounts - These are Percentage Allocation Money Management accounts and are really aimed at Money Managers who have their own list of investors.
Pro accounts - Traders who have decided to trade Forex professionally will be pleased with the option of a Pro Account. Larger volumes and the best spreads will turn the heads of traders making a career of Forex trading.



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Forex4you trade forex / Forex4you is offering highly t...
Last post by admin - Mar 31, 2020, 02:02 pm
Forex4you is offering highly technological and professional service. By choosing Forex4you as your personal broker you are receiving most affordable market entry with No Dealing Desk Market Execution technology by means of BBO.

You are provided with a wide range of accounts with constantly increasing number of trading tools. You can choose the most suitable trading conditions according to your level of experience: ,,Cent" for Forex beginners, ,,Cent NDD" to get order execution on the Counter-agent side; ,,Classic" for experienced traders who knows how to deal with trading risks; ,,Pro" for true Forex professional traders.
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Binary .com / Re: Binary.com Review and Tuto...
Last post by admin - Mar 31, 2020, 11:32 am
Binary.com- What is binary options trading?



Binary.com Register Here
30
Binary .com / Re: Binary.com Review and Tuto...
Last post by admin - Mar 31, 2020, 11:30 am
Customer Support
For the convenience of their clients, Binary.com has translated their website into a dozen different languages. As for customer support, traders can contact the support team through email or by calling them directly on the telephone.

Contact numbers vary based on trader location. The correct details can be found on the 'Contact Us' area of the website.

Unfortunately, we noted that live chat support is not available which puts Binary.com at a disadvantage, when we compare the broker with other brokers in the industry.

Deposit & Withdrawal
As for the payment methods that are supported by Binary.com, there are plenty of choices. You can use major credit cards such as VISA, Mastercard. Alternatively, you also fund your trading account through eWallets such as Skrill and Neteller.

You can also fund your trading account through online exchanges such as Western Union. For traders without convenient access, funds can also be transferred through wire transfer.

Cryptocurrencies such as Bitcoin, Bitcoin Cash, Litecoin and Ethereum are also accepted in lieu of fiat currencies. As for withdrawals, the whole withdrawal process takes between 1 to 5 business days to be completed depending on the method used.

Is Binary.com Best For Day Trading?
As a platform for day trading, Binary.com is a suitable platform due to the fact that the expiry time for binary options can be as short as 2 minutes. The high returns offered also help to justify the trading risks involved in trading binaries.

Accepted Countries
Binary.com accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use Binary.com from United States, Malaysia, Hong Kong, Iran.
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