forex broker

Finding forex brokers online

The purpose of the forex broker is not really restricted to providing you a trading platform which helps you trade with ease. Your broker is your connection with the markets. The broker is essentially responsible for providing you the cover that allows you to trade with margins. Needless to say, as a trader you need to exercise due discretion while you are actually in the process of selecting the online forex broker. And, what exactly are the factors that you need to keep in view? We will discover in the course of this post.

Factors that you need to consider while you are in the process of selecting a broker

Are you too confused about the right steps to take when it comes to selecting a forex broker? Don’t be—since we’re here to help.

Find out if the broker is regulated or not

There are a lot of unregulated brokers functioning in the market. You should be prudent enough to avoid them since there is every chance of them “vanishing in the air like a puff of smoke” after you have spent a substantial portion of your hard earned money. So, find out whether the broker is regulated or not. There are different regulatory bodies governing the currency markets of different countries. So, you should, at first, find out about the apex regulatory body governing the Foreign Exchange Market in your country (if don’t already know about it) and then find out if the forex broker consulted by you is regulated or not.Forex Trading System

For instance, if you are trading in the US, then you would want your forex broker to be registered with Commodity Futures Trading Commission (CFTC) or National Futures Association (NFA).

Flexibility

Does the forex broker offer you a reliable platform? Are the services of the broker backed by financial software which allows you to trade from anywhere you want? Or is the platform mostly “offline”? If yes, then you might as well end up facing major problems – simply owing to the fact that the forex market functions 24 hours a day. And, if your platform doesn’t work all the time then you could miss out on opening or closing a trade at the most opportune moment.

Margins or deposits

Let us tell you that the forex margins differ from broker to broker. If you are able to trade with low deposits then you can benefit by profiting from higher leverage.

What is the size of trade that you are allowed to trade with?

Once again, the trade size varies from broker to broker. A standard lot consists of 100,000 trading units of a currency. There are some brokers that offer you fractions of lots.

Online presence

One of the best ways to investigate the credentials of the broker will be to ensure that you are actually going through the online forums in a bid to find out what the forex traders have to say about the quality of services offered by brokers.

Do keep these points in view in order to be duly guided.

Author Bio: Sam Payn, a well-known industry blogger, is enthusiastic about sharing valuable tips on Forex – his newfound love. Many of his blogs focus on the need to choose the right online forex broker.


A look at the Forex Market in Indonesia

On December, 2015, the Forex exchange reserves in Indonesia had touched a whopping 105,900 USD million that was tipped as the largest figure since July 2015. The Foreign Exchange Market in Indonesia has successfully been promoted as one of the potent ways to earn money fast. Investors in the country have been looking for quick money and the Forex market promised them fast money for sure. Let us take a look at the forex market in Indonesia.

The Forex Market in Indonesia

It’s the local futures brokers who have played a crucial role in promoting the forex market in Indonesia. A forex broker Indonesia typically offers services both online and offline and is also backed by either a representative office or master IB. The leading trading brokers in the country offer local telephone numbers for their dealing desk.
The Indonesian traders can hypothetically be divided into two main categories. There is one segment which is absolutely comfortable dealing with the risks associated with the forex broker or the products and is in favor of regulated solutions led by FSA. Indonesian investors are also known to rely heavily on Singapore and Australian regulated brokers. Then there is that other section of investors that prefers low cost solutions. They just want to trade fast and not face any hassles during the initial period.

The Indonesian currency market: A Few Facts (Past and Present)

The capital market of the country is fairly developed. It was the Dutch Colonial government that supervised this market way back in the year 1912 but had been shut down during the World Wars. The Capital Market Supervisory Agency had been established to take care of the functionalities of the Foreign Exchange Market as it was reopened in 1977. The particular sector had been privatized in the year 1992 with a new ownership at the helm of things. The privatization of the company was a direct result of the improvement of the economy.

The stocks featuring in the Indonesian market include traditional commodities like energy and industrial materials. The banks and other financial institutions enjoy the largest share in the market – standing at 25.23%. The Industrial Materials, Consumer Goods and Energy have 20.03%, 14.71% and 13.72% shares respectively.
Very interestingly, the Forex market has flourished in Indonesia, despite the fact that the country has people living below $2 per day. Perhaps the success of the forex industry is attributable to the presence of strong private and government sectors in the country.

How should you select a Forex broker in Indonesia?

Today, if you are on the lookout for a reliable forex broker in Indonesia, make sure you are making a selection only after conducting thorough research on the background of the broker. There is no dearth of forex brokers functioning in Indonesia. However, not all of them will offer you equal quality of services. So, it is imperative on your end to ensure that you are doing your research properly before opting for a service.
Hope we have been able to help you. Good luck!


How to make money with Forex affiliate programs

Forex are one of the highest paid programs in the affiliate marketing niche. The fact that you can stand to make upwards of $200 per referred client makes it one of the marketing niches that you cannot ignore. However, there is a lot more to forex affiliate programs that you can think of. Here are some ways to help you get started promoting a program.

Website Promotion

If you run a website or a blog, forex partnership can be a great way to monetize your websites. Placing banners, or text links within your content or by sending a promotional or introductory email to your mailing list, the possibilities are endless. However, markets should note that it is not as simple as throwing in some banners and text links on your website and expecting visits to convert to clicks and eventually to depositing clients. Marketers need to make use of smart marketing tactics in order to achieve good, if not great results.

The type of website that you manage also plays an important role when it comes to success with forex affiliation. Ideally, a financial website tends to offer a higher rate of conversion of visitors into depositing clients. But other niche websites such as economics, gambling, online games and so on can also be used to promote forex programs.forex-analystCPA or Revenue share?

Most programs allow you to choose between a onetime compensation, known as CPA or a recurring commission also known as revenue share. While there is no straight forward answer as to what is more lucrative, marketers need to understand their website demographics and thus choose one of the two commission plans. Some forex brokers also offer a hybrid plan which includes a CPA and a revenue share. If you notice that your website has a steady stream of traffic but visitors tend to bounce off, then using banners that are linked to a CPA plan can be more effective.

Text links embedded deep within content are proven to be more effective in terms of linking to a revenue share plan. However, no matter what, marketers are encouraged to experiment with the banners, text links and the commission plans in order to choose the more ideal revenue share plan.

Broker Promotions

Forex broker promotions can play an important role as well including the messaging that is on the banners. Most new traders tend to prefer forex brokers that offer additional bonuses that can help in increasing their trading equity. Therefore, utilizing banners that speak about forex broker promotions can be an effective way for marketers to promote the forex brokers that can also entice website visitors to click on the banners in order to learn more.

Forex Affiliate Programs – Why are they lucrative?

At the outset, forex affiliation is very lucrative thanks to the basic fundamental psychology of the human mind, which is to make money. By allowing the retail trader access to the financial markets, it is quite easy for just about anyone who has the capital to deposit funds and start trading. When choosing anaffiliate program, it is important that you as a marketer should pay close attention to the forex broker that you are promoting. With high paying CPA’s and revenue share plans, a seasoned marketer should be able to further monetize their websites or marketing plans making use of forex affiliate programs.


Forex Brokers: A few facts explored

The popularity of forex is only increasing with each passing day. However, traders still lack the basic knowledge about the trade before they start trading with real money. If you have just initiated your trading career, then it is essential on your part to acquaint yourself with the basics of forex trading before you start investing real money in the trade. And, when it comes to basics, one cannot help but learn about forex brokers. Today, we will be discussing broker forex trading – what it means and how you should choose a forex broker.

dollar_1999092b

Forex broker- What it means

The introducing broker serves as the intermediary between the interbank and you. The interbank, on the other hand, refers to a network of banks that trade with each other. The brokers have relations with these interbanks and when you actually sign up with a broker, you will be well advised regarding the best currency pairs to trade with.

The choice of a broker cannot really make or break your trading fortunes, however it might as well affect your winning chances in a fair measure. Let us explain how. A broker with the right trading platform will be able to offer you all the necessary tools to help you make the right trading decision. Here are a few points that should be factored when you are actually in the process of selecting a broker. Read on to find out.

Which trading platform is the broker using?

It is very important to take special note of the platform used by the broker when you are about to hire the same. A trading platform should be ideally easy to use and be backed by all the right tools, like trading charts and calendars, to help you make the right trading decision. If a broker is using a trading platform which does not have the following capabilities, you should ideally stay away from it.

It is important to consider the type of spreads offered by the broker while selecting the same. Is the broker offering you fixed or variable spreads? When it comes to fixed spreads, the fees charged on each of the trades will not really vary with the market conditions. However, if you’re opting for variable spreads, the fees will fluctuate on the basis of market volatility.

You should be sagacious enough to check the performance record of the forex broker thoroughly before you’re actually availing the services of the same. Authentic brokers are usually members of NFA or CFTC. You should check the registration details of the broker before zeroing in on services. You might as well be too eager to rope in a popular broker, with positive reputation in the market. However, the advice would be not to settle for the services without checking the background!

Do keep these tips in view while you’re in the process of selecting a broker. It would be a major mistake if you’re not acquainting with the correct ways of selecting the forex broker. Refrain from committing such mistakes.


My Favorite Investments: One Year Later

I’ve only been investing seriously for about a year. So why am I qualified to write about this at all? Well, I would never call myself an investment expert, but I do have practical experience that only comes from doing. I’ve managed to make a handful of investments and gain some real money in just a year. So I’d like to share how I did it. I do this because I understand how intimidating it can be to start investing. You’re worried about making the wrong choices, losing money, or watching the stock market collapse right when you put your first money into it. While these concerns are real, they’re also exaggerated in the minds of most non-investors. I think that the best way to learn about investment is to simply start doing it. That’s the strategy I started with a year ago, anyway, and it has gotten me this far. Here’s how I did it.

  • I Bought My House. This one was huge for me. I had to buy a very, run down house. I could have afforded a mortgage more than double the one I took out, but I wasn’t comfortable taking on that much debt, even though my mortgage lender would have let me. I was thrilled to find out that my monthly mortgage payment was less than I was paying in rforex-broker-feeent for the same-sized space. With appreciation on my property (increased by a nearby development) as well as improvements I’ve made inside, my house appreciated more than 20% in a single year! I don’t know if I’ll ever have another investment quite this good (your second home is not nearly as well subsidized as your first) but I’ll take it for now!
  • I Got an IRA. I didn’t get my first IRA till I was 28, which is inadvisably old for starting to invest in mutual funds. That’s not exactly true. Any time is a good time to start, but you’ll see more benefit if you give your money a long, long time to grow. I wish I had started when I was 18. But I didn’t. So today I’m making monthly contributions to get to my yearly contribution limit of $5,500. I think I picked the right mutual funds and ETFs because I’ve already seen some real growth in the little time I’ve had my money in this account.
  • I Started using Forex. Forex Trading is really cool. It’s almost like a game, letting you make investments on how you think currencies are going to change in value over time. If you’re right, and the currency gains or loses a lot of value in your chosen direction, you’ll gain a lot of money. This ones tricky, because it’s risky and it’s easy for beginners to lose a lot of money quickly. But if you do your homework and practice, Forex can be one of the best investments you ever do, just like it has been for me.

These have been my main investments. I chose them carefully and I’m using what I learned to make more good investments in the future.

Image Source: http://www.gettingmoneywise.com/2014/08/the-complete-guide-to-forex-brokers-fees.html


A low spread forex broker is meant to help all traders – Know more

The forex trading market defines the spread as the price gap depicted by various buying and selling propositions that involve all currency pairs. The forex traders need to develop the spread prior to checking their trading profit. The lower spreads play a key role when the trades are drawn by the positive column. Low fixed spreads of forex trading are considered to be beneficial for forex traders by all forex traders that are dominating the market. That’s one reason why these fixtures are more proudly advertised by these market leaders.

Low spreads are likely to bring down much of the financial losses. The basic principles that any trader follows sees a contrast here. Earning profits and securing personal funds are the primary aims of all his moves. The internet will help you find a low spread forex broker that shows specific values for floating as well as fixed spreads. You may choose either the minimum level or the medium level for setting the values. There’s always this possibility of making big deposits, but you’ll find brokers that indulge in bits-n-pieces trading by allowing you to use mini as well as micro accounts. The fixed spreads don’t yield any real advantage; these spreads are bound to undergo tactics like widening, which are followed by a number of forex brokers.

A low spread forex broker usually seems more attractive to the scalping supporters

They would mostly find this strategy to be more attractive as it opens a variety of deals as a matter of fact. It’s under these conditions that commissions are given; commissions wear a cap of 100 pips. Cost of Forex operations are lowered by the low spread desks; dealing with these desks is also much simpler for traders. A few good traders will consider this to be a key selection component.

The ECN trading model doesn’t show traders with any fixed spread. When it comes to buying and selling, a specific rate is shown by each currency pair. The spread thus offered will show an accurate reflection of this rate. All of the trading investors will be able to explore the actual trading conditions within the forex market.Forex Trading System

Some traders choose a fixed spread when they consider a heavier supply and demand. This doesn’t let you defy the fact that all fixed spreads are only usable when the market doesn’t show any favorable trading conditions. The actual buying and selling rates for a specific currency pair don’t have anything to do with it. Clients availing the ECN are able to access the retail as well institutional forex trading participants directly. A quality forex trading platform neither indulges in any form of competition against clients nor does it trade against them.

Tight or low spreads are yielded by certain brokers while dealing with small accounts. Initial deposits are paid to these brokers by small traders who find them very attractive. For every trader, it’s good to opt for lower spreads and trading commissions. You may enjoy such an environment under a suitable broker.

Clients may avail competitive rates and effective spreads via any quality trading platform. They would usually pick a reputable and loyal liquidity provider to establish a powerful bond by making quality investment. Like the majors who explore these platforms, the forex zone is also experienced by the participating clients.


How To Get Started In Forex Trading?

How to Get Started in Forex Trading?

Forex Trading SystemThe key to trading in foreign currencies is staying calm. Foreign exchange or forex traders speculate on movements in exchange rates, much like others would speculate on movements of stock prices. Even small exchange rate fluctuations can make a big difference to a forex trader. Market volatility is the place where traders make their money.

How to Trade FX

As a result of the unpredictability of currency markets, clever forex traders – who also call themselves investors – need to develop a plan. They have to set targets as to when they want to sell and buy their currency and, even more fundamentally, they need to adhere to it.

Forex trading has been gaining in popularity over the years, with forex brokers reporting a growth in clientele, especially over the past few years, as the Euro zone, the US and Chinese markets have slowed and governments have tried to spur growth by injecting cash into the economy.

Forex traders, who deal on their own personal accounts, follow the news closely. Their common warning is against playing with large sums of money. The uncertainty in the largest markets in the world enables forex traders the elbow room for playing around with global currencies.

There are indicators to keep a lookout for, such as the US Federal Reserve’s decisions, and trader reports from the European Central Bank. It is mainly at times of economic policy announcements that high volatility fluctuations – leading to high returns – happen.

Disasters, notably the Japanese earthquake and tsunami in 2011, also generate moneymaking opportunities by sparking market volatility.

What Platform to Trade on

To learn about forex there are companies providing access to the best trading software. One example is the Vantage FX MetaTrader 4 program which is also available on apple – and MT4 for Mac is becoming more and more popular by the day.

A web-based platform for forex, this provides the education, the low spreads, and other tools that traders need to come confidently into the market.

This sort of online forex trading platform offers customer care and attention as well as a choice of packages to suit the individual – seasoned trader or beginner.

At Vantage, for example, clients are provided with an account manager, meaning there’s just one point of contact for each trader, backed with support on hand 24/7.

Many people start out dabbling in forex trading in their spare time but the sort of success that can come with experience and an understanding of how the market works can lead many of these retail traders to give up their day jobs and concentrate on forex. Successful trading can give people the sort of cash flow, flexibility and even security that is difficult to find in the conventional world of work.

Plus, with the kind of software available today, forex traders no longer have to sit glued to their computers. If you would like learn digital trading read the binary options reviews. It’s possible for them to set stop limits, say at £1, $1.45 or €1, or a profit limit — say at £1.20, $1.65 or €1. But the most vigilant forex traders need to keep a very close watch on news, politics and even the weather.

Article by Robert Berkeley
Robert has successfully built Vantage FX UK Trading Limited, into one of the key players in the FX market across Europe with significant growth year on year.
Robert regularly blogs about forex trading and comments on major fx new events.


%d bloggers like this: