Forex and Options: How to make them work for you - The Nation Newspaper
Forex and Options: How to make them work for you - The Nation Newspaper |
- Forex and Options: How to make them work for you - The Nation Newspaper
- Best Forex Broker 2019 Overall - Emirates Business 24/7
- How to Start Forex Trading with $100 - FXDailyReport.com
- Forex Advice for Beginners by Pavel Belogour - Move Your Money
| Forex and Options: How to make them work for you - The Nation Newspaper Posted: 31 May 2019 01:37 AM PDT The Forex market, trading currencies against one another is the largest market in the world. There are Trillions of dollars moving throughout this market on a daily basis. Options trading is a method of trading based on forecasting the price of a stock, commodity, index, or Forex pair and is one of the simplest forms of trading available to today. In today's economic climate having one steady source of income is good, but two is better. Forex and Options trading are great ways to create a second source of personal revenue. Olymp Trade is an award-winning Financial Commission member operating since 2014, which allows you to take advantage of both markets, but also teaches you how to make your money work for you. How do I start trading? First, you must register with Olymp Trade. To open your account, provide your name, a phone number and email address. Once registration is complete, a trading account and demo account with $10,000 Demo dollars are opened automatically.
After the accounts have been established take time to understand the markets. Olymp Trade has a large educational suite to help new investors become acclimated to the markets, tools, and strategies that make a successful trader. Options are predictions a trader makes about whether the price of an asset will rise or fall after a period of time. Forex is the practice of trading pairs to either profit from the price increase or decrease. With 72 assets (currency pairs, stocks, indices, commodities, and cryptocurrencies) to trade, understanding the markets and how to best operate within them is essential. How to make a deposit There are approximately 20 ways to fill up your account: from credit and debit cards to e-wallets and cryptocurrencies. Deposits are made instantly and easily through the method most convenient for you. Traders can make a minimum deposit and withdrawal of $10 through the same payment methods. Withdrawals are sent to the same account a trader deposits, 90% are instant, though they can take 1-4 days depending upon the type of account.
Risk-Free Trading: Demo Account Learning to invest and trade can be daunting. The fear of losing your own money is enough to stop many traders before they begin. The best way to practice is by using your free demo account. While using your demo account trades can be executed the same way you would with real money. Up to date quotes, accurate calculation of the trade results, and the ability to trade different assets make this trading experience realistic. Traders can replenish their Demo Dollars, making it possible to practice different trading strategies to find the one that best suits them. There is no set amount of time before a new trader is ready. It is commonly recommended that new traders spend three weeks practicing with their strategy before beginning to trade with real money. Switching Focus The Olymp Trade platform was built for traders to flow seamlessly from one type of trading to another. Transitioning from making demo Options trades to the live Forex market is a two click process. Made to be intuitive the platform is easy to navigate. The account's mode can be switched from the drop-down menu where your account balance is displayed at the top of the window on the right next to the "Make a deposit" button.
There will be three choices presented, "Live account, Demo account, Forex or Options". It is wonderfully convenient to jump from practicing with Demo dollars to investing real money in live markets or instruments with such ease. Training with a new strategy in your demo account and once you feel confident three clicks later you're trading with real money. Conclusion The Olymp Trade platform places everything you need to, become the successful trader you have dreamed of being, directly at your fingertips. With the platforms intuitive interface and continuously updating education libraries, you have access to the answer to any question you may have. Trading made simple for the sake of everyone. Let Olymp Trade help you change your life.  | ||||||||||||||||||||||||
| Best Forex Broker 2019 Overall - Emirates Business 24/7 Posted: 29 May 2019 02:57 AM PDT  Our selection of the best forex brokers of 2019 is the result of comparing only the most trusted brokers with long standing traditions and flawless financial backgrounds which makes all of them a safe choice. We tried to find the best forex broker overall although this choice will often be a question of individual trading preference. We have compared brokers based on several factors which we think are most important from a traders perspective.This factors are: trading fees and spreads, trading platforms, charting and analysis tools, assets and regulators. Best Forex Broker 2019
All of the brokers we took into comparison are considered as safe as they are all regulated by the top tier regulators like the FCA and ASIC and also have a long standing trading tradition. Considering all of the many factors, we think that the most important ones are trading fees and a user friendly platform. The trading fee's should be reasonable and the trading platform should be easy to understand and use. What all of the compared brokers also have in common are the free demo trading accounts. If you are just starting out with forex trading we highly recommend you to start trading with a demo account where you can't loose any money – as you probably know, forex trading is highly risky and you can loose money in matter of seconds. All of the brokers also enable CFD trades. This are high risky and complex contracts and are not suitable for beginners traders – you can loose all of your investment in seconds. Taking all of the above information into consideration this are our favourite brokers in overview: 1. IQ Option (Best Binary Options Trading Company)
With almost 16 million accounts and 3,6 million trades per day IQ Options is a legit and transparent trading platform following the latest financial regulations, which enables users to trade a variety of different instruments and assets like forex, stocks binary options, cryptocurrencies etc. The trading experience is pretty smooth. Based on the high level functionality the platform is a good fit for professional traders, but it is also a good fit for beginners as it is really easy to understand and navigate. If you sign up you can be sure to interact with an intuitive platform that enables access to a a big amount of resources, and trading options. The platforms comes with a few drawback as well. The customer support is still being upgraded and at this time it can happen that you will need to wait for more than 24 minutes in order to have your queries processed. If you are just starting out and you will need to interact with a customer support agent on a daily basis, than you need to pay an fee of $3000 in order to secure a consistent communication. USA, Japan and Canada based traders are not allowed to register with IQ options
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK 2. eToro (Best Social Trading Platform)
eToro is an established social trading company, operating since 2007. It is an FCA regulated entity when operating in the UK, an Australian entity in Australia, and a Cypriot entity for international customers. eToro is considered to be a trustworthy platform as it is regulated by an established regulator while being a well-recognized startup as well. Its main operation is based around CFDs. CFDs are complex instruments that include leverage, so they come with a higher risk. eToro has been awarded as the best social trading platform – social trading means you can follow other traders and copy their investment strategies.
3. Forex.com ( Great all-around offer)
FOREX.com is a forex and CFD broker offering over 84 currency pairs and 230 CFD's across major asset classes. The brand is part of the GAIN capital holdings which operates in multiple countries holding licenses from many different regulatory hubs including UK, US, CA, Japan and Australia. We would recommend this platform to active and mid active traders as they will benefit from slightly lower trading fees and spreads. + Forex.com is an overall solid forex broker with a high level of trustworthiness. With over 145.000 clients and nearly $1 billion in assets you can't do anything wrong. As a beginner you can open a demo account depositing a minimum of $250, before investing real money. On the other side advanced traders can access a premium account by depositing $25.000 or by trading $25million in monthly national value. – There are no major downsides on this platform. What we could lay out as a downside is the fact that the MT5 trader did not rolled out yet. In a nutshell, as a trustworthy global player, Forex.com offers plenty of trading options for Forex and CFD traders. With all of the major trading platforms, diverse trading tools and research tools FOREX.com is suitable for almost all traders at all experience levels. 4. Plus 500 (Recommended for experienced traders looking for an easy-to-use platform, with great user experience)
Plus 500 is a quality CFD's provider and operates around the world via its subsidiaries: Plus500AU, AFSL #417727 issued by ASIC, Derivatives issuer licence in New Zealand for NZ clients, FSP No. 486026; Financial Services Provider # 47546 in South Africa. Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909). Plus500 CY Ltd authorised and regulated by the Cyprus Securities and Exchange Commission (Licence No. 250/14). Client Money is held on trust, separated from Business Money. Should Plus500 go into liquidation client money would attract all the legal protections afforded to trust money. Plus 500 has one of the most user-friendly platforms that allow instant access to variousmarkets, including commodities, indices, shares, andoptions. Every asset is availableto buy or sell as CFD's, with leverage up to 1:300, commission-free. Many other featuressuch as stop, limit, andtrailing stop are all present on the platform. Customers can also enjoy trading in a free unrestricted demo account that imitates real action. The platform has a lot of news, market information, training tools and comes with solid customer support. Everything is available in the Arabiclanguage, including customersupport.
[/dropshadowbox] 5. OandA (Most user friendly trading platform + best API)
OandA has won many awards this year as the best overall pick for forex and CFD's trading. It is a well trusted company regulated by the top tier regulators like FCA and ASIC. We would recommend this platform to users who are looking for a user friendly trading platform including high end research tools.
+ On the positive side OandA offers one of the most user friendly and easy to use platforms including fully digitalised account opening and powerful research tools including the best API in the industry. – On the flip side you can only trade forex and CFD's with a pretty high withdrawal rates. Their support would need some improvement as well.. Forex trading for new investors – what you need to know and how to choose your broker. 6. FXCM (Best Technical Tools)
FXCM is a UK based forex broker which offers some CFD's as well and is regulated by some top tier regulators like FCA and ASIC. We would recommend this platform to users looking for great technical research tools.
+ What we found best on this platform is the fast account opening options, low trading and finance fees and the high end technical research tools. – On the downside, FXCM only offers forex, CFD's and some crypto trading options. Their platform needs and update as it is outdated and not user friendly. No minimum deposit required so feel free to give it a shot – inactivity fees charged only after a year. 7. XTB (Best Fx and CFD Broker)
XTB is primarily a CFD and forex broker regulated by the most trusted financial regulators including the FCA and is also listed on the Warsaw stock exchange. We would recommend this platform to users looking for fast deposit and withdrawal + great research tools.
+ What we found best about this platform are the fast deposits and withdrawals and also the hassle free account opening. The platform is easy to use and has a lot of research tools as well. – On the negative side trading assets are limited to forex, CFD's and real stocks in some limited countries. The support is a standard solution, but the employees can be a bit pushy some times. In a nutshell, XTB is recommendable for clients who want to trade forex and CFD's and are looking for a hassle free account opening, low withdrawal fees and great research tools. Demo account option available. Our Top Picks For DayTradingWhat are the most important criteria to look for when choosing a forex broker? There are lots of them but we can simply split them into this three categories:
Almost all of the Brokers listed above offer a large selection of currency pairs available to trade, almost all have pretty low account minimums and the highest legal leverage ratio of 50:1. They also provide the choice between commission accounts and spread markup accounts. Commission accounts have a fixed commission fee but will in turn offer lower bid-ask spreads.  | ||||||||||||||||||||||||
| How to Start Forex Trading with $100 - FXDailyReport.com Posted: 30 May 2019 02:11 PM PDT  Unlike the futures or options markets, you can actually start trading with as low as $100 in the forex market. Forex is a leveraged market, which means you can use a little money to trade up to 20 or 30 times the amount you will be required to stake in a trade (UK and Europe), and sometimes even as much as 500 times your required investment amount (known as the margin). This makes the idea of trading forex quite interesting to many. However, trading with $100 in the forex market, even if you have access to a leverage of as high as 1:500, comes with its own set of challenges and rules. This is what this article is all about. What Can't You Do With $100 in Your Forex Account? Here are some things a $100 forex account cannot do for you.
What Can You Do With $100 in Your Forex Account? However, there are positive things you can do with your $100 forex account. You will be able to do the following:
How to Start Forex Trading with $100These days, the process of opening and funding a forex account has been made very easy. You can do this in a matter of minutes using any of the payment methods available from the broker. After funding your account, you can then trade forex with $100 following these rules. Rule 1: Money Management The first method is to trade with money management as the number 1 focus. This money management-focused method means that you will trade with no more than 3% of this money in total market exposure. This means you can only trade micro-lots ($1000 minimum position size). If you hold an account with a UK or EU broker, you can only use a maximum leverage of 1:30. With a margin of 3.33%, this means that you cannot trade within the boundaries of risk management with an EU broker, as you will need at least $33 to trade 1 micro-lot. However, a brokerage in Australia, South Africa or any of the other popular offshore jurisdictions still offer leverage of up to 1:500. A micro-lot would therefore need just $2 commitment from the trader, which keeps the position within allowable risk management limits. Rule 2: Risk-Reward Ratios The next rule has to do with risk and reward. Risk refers to the Stop Loss (SL) you will use, and reward has to do with the Take Profit (TP) setting. You should target to make 3 pips in profit for any 1 pip risked as stop loss. Using your allowable money management that restricts you to 1 micro-lot positions, this means that you should be prepared to target $6 for every $2 used in the stop loss. This translates to at least 60 pips TP, and 20 pips SL. Related: How to Set the Stop Loss (SL) and Take Profit (TP) Targets This means that you have to be super-selective of your trades. Only enter into trades where there is a high chance of winning, and use well-defined parameters of support and resistance to target your setups. Fortunately, some chart patterns such as the flag and pennant have standardized profit targets, and the pattern boundaries can also help define the stop loss. Rule 3: Avoid the News Spikes News trades are highly unpredictable, especially within the first few minutes of a news release. The spikes and whipsaws can easily stop your trades out. With such limited capital, you should avoid news trades like a plague. Ultimately, you will need to work on getting more capital, but by the time you do, your $100 journey in forex trading would have prepared you adequately to trade larger capital responsibly. List of Forex Brokers That Accept $100 Deposits
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| Forex Advice for Beginners by Pavel Belogour - Move Your Money Posted: 30 May 2019 04:30 AM PDT  At first glance, Forex trading is deceivingly simple. However, the number of bankrupt traders should warn you off hasty decisions and unwise bets. As a successful trader with over 20 years of trading experience, Paul Belogour shares three critical tricks to keeping your trading capital safe and multiplying it. Be Smart About the DealsForex brokers tempt beginner traders with significant payouts. With only "buy" and "sell" choices for every trade, newcomer traders are prone to risking large sums to secure quick profits. Without market knowledge and analysis, these bets can reduce your account to nothing in minutes. According to Mr. Belogour, it is never wise to risk everything on a single trade, however sure it seems. Instead, the expert recommends setting a maximum trade size and staying true to it. While you are learning the ropes of Forex, keep your bets at 5% to 10% of the trading capital and increase the number in increments until it reaches 15% to 20% once you gain enough experience. Learn and Try New StrategiesForex traders think themselves experts after six months on the market. Each of them promotes the winning strategy that works 100% of the time. Unfortunately for beginner traders, these claims are rarely valid, and the number of strategies available online is overwhelming. If you choose one and keep using it indefinitely, you risk going broke when it is no longer viable. As an experienced trader, Paul Belogour emphasized the value of ongoing learning and experimentation from your first days on the market. Information is the trader's gold and learning new strategies is equally important to market analysis. If you keep trying out new ways to win the bets, your account will soon match your diligence, and you will be able to come up with your own winning strategies. Demo accounts are perfect for experiments with new approaches, but eventually, you will graduate to live trading. When you do, keep Mr. Belogour's previous advice in mind and never risk more than you can afford to lose. Keep a Journal to Analyze MistakesIn the adrenaline rush of making quick decisions, taking risks, and waiting for positive outcomes, it is easy to forget yourself and your long-term financial goals. Even if you keep your bets reasonable and learn new strategies, you will not see a significant profit until you study and analyze your own actions and derive conclusions about your trading style. Pavel Belogour suggests you start a trading journal. Besides noting the asset you are trading, record any other factors that influence your decision. These include the price trend, the strategy you are trying out, market data you've read in the news, your mood, and more. Look through the journal at the end of the week or the month and consider the reasons behind your biggest mistakes and victories to reevaluate your trading approach. Making a profit by trading Forex is not a given, it requires careful market analysis and discipline. If you use Mr. Belogour's advice to learn, analyze, and keep a cool head when placing bets, you will keep your trading capital safe and grow it. Post Views: 234  |
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