Thanks to the new computer and internet technologies and the forward looking policies of the US Government, the complex world of forex trading has been brouht to the laptop of the individual. Foreign Exchange Trading, which was the preserve of Governments, Central Banks,MNCs and HNIs is now throwing new opportunies to small investors; in the process threatening the flow of funds from traditional instruments to forex markets having daily turnover of $2 trillion and round the clock operations all over the Globe.
While this new world of forex trading offers tremendous money making opportunities, forex trading is at the same time a highly risky investment option. Theforex markets are pretty volatile and as the margin provided by most trading platforms is upto 100 times or more; good fortunes can be wiped out in minutes. Thus forex trading is to be approached with caution and only after learning sufficiently about the currency markets and trade. All forex sites offer practice accounts. The best trading platforms for forex trading practice and live trading are Forex.com, GFT, Crown Forex and InterBank FX. Besides reading of various materials provided in our learning section, it is advisable to practise trading on demo accounts. Learn more on forex!
Interbank FX offers free alert services as well as automated trading software.It also allows Micro Trading at 1% of the lot. This means a mini account can trade on a balance of $1 with a leveraged amount of $100.
Crown Forex Software is similar to Interbank FX software backed by Swiss Banking and Financial System, which are a great comfort to investors.
GFT Forex offers a sturdy software backed by the banking of JP Morgan Chase. Apart from their award winning Dealbook 360 Software, they also offer excellent charting free of cost. Their forecasting software is amazing, but costs $500 per currency pair.
Forex.com on the other hand, offers free Nostradamus Forecasting Software even for the Mini Accounts. Nostradamus, sometimes, makes an error of 90 pips (enough to wipe out small investors), but if followed accurately (enter a deal only when the compass reading is 0 or 100 and remains there for some time) then Nostradamus can be really a very profitable friend.The standard accounts of Forex.com are supported free by e-signal, which is a very priveleged facility.
Forex trading requires discipline. If proper discipline is followed, the chances of success can be as high as 100%. However, any misinformed or rash act can wipe out huge equities within minutes. The first discipline to observe is to avoid over trading. This is the biggest secret of forex trading. Never over trade, that means never trade more than 10% of your total deposits. On a deposit of USD 2000, you should trade only one or two mini lots. Second rule is not to be greedy. On a deposit of USD 2000, never expect to make USD 2000 everyday. On this deposit, 30 to 40 USD everyday is a good trade. On a deposit of USD 1000, intelligent traders can make USD 2000 in a month. Our endeavour is to create successful forex traders of the highest order, not withstanding the volatile/tricky nature of currencies and the fact that forex trading requires the highest qualities of mind.
If you are ready to trade, then let me tell you that the best platforms for trading are Forex.com, GFT, Crown Forex and Interbank FX as they provide some of the best indicators like CCI, which are very accurate regarding trend continuation and trend reversal.Interbank Fx offers 2 pip Euro/USD while Crown Forex spread for Euro/USD is only 1 pip.( yes only one pip) Mini accounts are $250 for all except Crown Forex for whom it is $300. Standard Accounts ($1000 lots ) require minimum deposits of $2500 or more. So, join Forex.com, GFT, Crown Forex or Interbank FX for Live Trading! Also, you can have a look at the Pivot Point/ Support/ Resistance and Economic Calender, which so often reflect high volatility in forex market.
Trade with us to learn more about this startling opportunity and avail of our freeresearch based specialised forecasting advice.
GFT ForexInterbank FXCrown ForexForex.com
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