Foreign Exchange Traders

Foreign Exchange Traders is a financial institution where you can learn Forex trading and get knowledge about the Forex market with experienced traders. Forex is about currency trading including currency exchange rates. It is a platform where Forex Traders can exchange their knowledge and learn new strategy about Forex Trading.

Monday, 24 April 2017

JustForex : The world trusted broker

JustForex is a reliable broker, which has already gained trust of thousands of clients

all over the world. It is regulated by the Belize International Financial Services Commission

(license no. IFSC/60/241/TS/16) and shows stability of work in any situations on the market.


The broker operates under mixed business model. It acts as both dealer and broker,

depending on the selected account type. JustForex traders get only the best quotations

received from 18 world liquidity providers.

JustForex Forex Trading


Regardless of experience, clients consider this broker a comfortable one. They can

choose any of 5 available account types and use strategy that suits best their trading style.

It’s also possible to create, develop and test a new one on free Demo account or use

Trading Central analytics to get some trading ideas from the professional traders from all

over the world.

Having considered all the preferences of traders, company provides one of the best

trading conditions on the market:

● no minimum deposit is required

● floating spreads from 0 pips

● leverage up to 1:2000

● low commissions on ECN accounts

● deposit/withdrawal with over 20 payment systems

● various bonuses and promotions

JustForex Bonus


But in case, one has no experience in trading or simply does not want to expose

funds to any risks, JustForex has a solution! The company gives an opportunity to work

under several well-paid Partner programs such as IB (Introducing broker), CPA and others

and earn while the attracted clients are trading!

The company is oriented on long-term relationships with both traders and partners

which can be confirmed by many clients who collaborate with the broker a lot of years.

JustForex - Just comfortable trading!

Just Forex account



Only @ Foreign Exchange Traders

Friday, 14 April 2017

FBS Forex for Malaysia

FBS is a reliable FX (Forex/Foreign Exchange) company! And the FX (Forex/Foreign Exchange) trading at FBS is very easy to obtain a high income! FBS is working hard every day to be able to offer the best terms and conditions for the novice and professional trader. FBS is the best choice to start a Forex trading. FBS is rapidly growing!. Clients of FBS has won millions of dollars. 


Click to continue

Verified registered user is a registration and verification by mobile number.

FBS says:

"FBS is an international broker with more than 120 countries of presence. 
3,000,000 traders and 130,000 partners have already chosen FBS as their preferred Forex company."

and

"If you are looking for a reliable and honest broker, consider opening an account at FBS. You will be surprised how easy and comfortable trading on Forex can become when there is a professional company standing behind you."

along with the achievements

"Founded in 2009, FBS has received numerous international awards, proving its worth to the customers. The company received the titles of the Best Customer Service Broker Asia 2016, Top IB Program 2016, Highly Recommended Broker Insurance Company in Indonesia of the year, Best Forex Brand, Asia 2015, Best Safety of Client Funds Asia 2015, Best broker in Asia-Pacific region 2015, Best broker in the Middle East and many others."


Best age range: 22-35
Primary client interest: Forex trading, Financial news, Financial services/ Investment services



300x250



Only @ Foreign Exchange Traders

Sunday, 12 June 2016

Why Forex is better than stocks?


Currency trading or you can say foreign exchange has been influenced by many external factors, including the action of central banks and other political moves as well. In order to answer the above question, it is very important for you to understand how do currency converter, banks, investors and brokers as well work?
It doesn’t matter if you see a lot of things in common because Forex and stock markets have a lot of things in common but you use similar chart and trading strategies.

Before you go and understand why Forex trading is better than stocks, better to know the working hours of both. Currency trading or Forex trading is open 24/7, whereas stock in some foreign countries open and close at regular working hours. So this is a reason to switch on to Forex trading because in stocks you need to close all your positions before stock exchange closes, if you trade Intraday or do day Forex trading. And if you want to know more, stocks represent only single of some baskets of companies, whereas in Forex market currency pair represent the entire economy of the country.
For example, EUR/USD currency pair represents the complete European Vs complete US economy. So you can understand it simply means that any economic event happening in the European country or in the US states will influence the price.
And to decide which is better either Forex trading or stock only if you want to trade Forex Vs Stocks then choose what you want in trading because the quality stocks are always safe, but give you smaller returns, or on the other hand Forex is highly risky and provides you great opportunities to earn a lot.

Leverage and Exchange Rate

If you are here in the United States, then you are allowed to trade with leverage 1:2 while in the Forex trade scene is totally different. If you want to qualify trade with leverage, you just have to open a Forex trading account and you are all set to go.
Only in United States you are bound to the leverage 1:50 while outside the country you can get as much as you can 1:200 leverage for your trading. Now, if you want to know a major difference why Forex is better than stocks, then read ahead and you know it yourself.
In stocks, you purchase and sell out shares of a company that may cost anywhere from one dollar to a thousand dollars. But you can hold a limited number of stocks and you need to concern with the ability of the company to make money.
While currency exchange is totally a different world, supply of currency may fluctuate and the good news is you can buy any amount of currency you want.
And currency trading is always quoted in pairs, so you need to consider the economy of the both countries. So if you want real fun and money too, then go to Forex.

Options you can choose

You can choose any of these two, either stocks or Forex but the right option would depend upon your system and currency trading strategies. But when you are starting with Forex trade then-
§         It is completely decentralized
§         Its participants are from all over the world
§         It has unique roles of large banks, hedge funds, and commercial companies as well.

Reason you should care about Liquidity

If you are new to this market, then you should be aware of liquidity because liquidity makes it easier to trade an instrument.
And in general, it simply means if superior the liquidity, then tighter spreads and lower transaction costs. For big companies like Microsoft, Apple and other may have more liquidity and commission shares to the broker may be more.
There is not any commission while you work with a Forex broker because when you trade with currency pairs and most common type of retail Forex trading is on a spread basis with not any commission. And with the currency pair EUR/USD you can trade at 1.1190, which is round trip transaction of 0.000/1.1190 and if you want to know about percentage then it is near about 0.01%.

24/7 Forex Trading and Major Currency Pairs

Time is the best part of Forex trading and in the Forex market; you can earn millions with following currency pairs. To gain something, you have to lose something that is why you have to spend some of your precious time to understand the world’s economy, the financial health of the countries whatever pair you are using as part of your trade.
But the most beneficial currency from which you can start are from Euro, Bitcoins, and Canadian dollars to US dollars and must understand the exchange rate of these currencies. Some of the primary or major currency pairs are listed below:
§         EUR/USD
§         GBP/USD
§         USD/CHF
§         USD/CAD
§         USD/JPY
To learn more about the major currency pair, read the article Major Currency Pairs in Foreign Exchange Trading

Have you decided yet whether Forex or the stock is good for you?

If not, then don’t worry, we have a lot for you to read and learn from. You will be glad to know that in currency trading or currency conversion, the bottom line has always stuck to it what works for you.
And follow some super successful secrets of great Forex traders of all time, because you need to know more about one market than another or you can say that people must stay in their area of expertise. But if you are interested in particular companies then you should invest in stocks, while if your mindset is for macroeconomics then Forex would be a successful business for you.
If you don’t have an interest in particular inclination, but good at transaction costs- Currency trade would be a better option.

Analyst

If you are a good analyst and update yourself with the world economy, then foreign exchange is better than stock for you because it is a prime market that can generate billions in revenue for the big banks and companies as well.
A good analyst in foreign exchange puts a little effect on exchange rate, yes, you just analyze the Forex market nothing else.

Future with Forex trading

Same as the Forex has an advantage over stocks; it has advantage over future market as well. And you would be facing guaranteed and limited risk and Forex traders can have positions limits for the purpose of risk management.
This number is considered relative to the money in the currency trader’s account.
But the risk is managed to be minimum in spot Forex market because of the online limits of trading surface and this will generate a margin call if the required margin value exceeds.

Your Choice and Your Profit

We are guiding you through some common terms and strategies so you can understand and make a lot of money using Forex market hierarchy. This hierarchy starts from major banks, EBS i.e. Electronic Brokering Services and then medium size and Small Banks, Retail ECNS, Retail Market makers or Hedge funds or commercial Companies and finally retail traders. This would be your choice and you can see the difference which will definitely help you to decide why Forex is better than stocks.

Choose the right for you
Stock
Forex
Minimum or No Commission
NO
Yes
24/5 Trading time
NO
Yes
Instant execution of the market orders
NO
Yes
No middlemen
NO
Yes
No market manipulation
NO
Yes

How you can invest AND manage the Costs

Most Forex traders and brokers work without commission, and there are not any single expensive fees or data licenses. The cost you pay during trading is the spread between the buy and sell price, which is generally displayed on your screen as it is. This is quite different than trading other markets and especially in stock. When trading equities or a futures contract, you often have to pay the spread along with a commission to a broker while not including any data charges for a price stream and charting according to the market!

Currency Trading Decisions

Lastly, it is important to mention that Forex trading moves around top 8 major currencies. This keeps the time and tide low while you analyze, when you are looking for a currency trade!  Companies on list of NYSE (New York Stock Exchange) are unavoidable to notice. Even if you have a basic opinion of the market, this can complicate the task of getting success in just one stock to trade.
Your profit would come out from technical analysis in Forex trading while in stocks it is difficult to analyze the chart daily and the risk depends on you and your strategy over which your system works. So friends finally you will find many similarities and dissimilarities between stocks and Forex trading and you know it well that just buy and hold doesn’t assure you any profit. So it is totally up to you where you would find you interest and invest but Forex market reacts instantly on news and along with that provides you a lot of opportunities. So you yourself decide the currency trading decision. 
If you are a new trader then start learning Forex trading and if you are an experienced trader then you know the benefits of Forex better.
Please share your valuable views in the form of comments. We appreciate your kind feedback.
Copyright © 2016, Sanaullah Baloch
All Rights Reserved.

Wednesday, 1 June 2016

How to Start Currency Trading and Become a Successful Forex Trader?

People are smarter nowadays than any of the previous decades and there are many success stories of wealthy Forex traders who inspire us to work in the currency trading. We will tell you why some Forex traders have become immensely rich? How to use currency converter?  And deliver their top most secrets to you as well. But before you start investing, you should know that to become a successful Forex trader is more to concern your mindset than any successful trading strategy.
In fact, there is not any trading strategy can be profit making if the trader is with a wrong mindset. He needs to optimize it because it is like surfing in the ocean full of rip tides and for successfully trading in the financial market one needs talent, patience, proper equipment and being mindful of the surrounding.
If you are perfect at blending good analysis with the right implementation in the world of finance, your success is for sure and like other skill sets, successful Forex trading and investments come from a combination of talent and hard work.




Most Profitable Keys to Start Currency Trading and Become a Good Forex Trader

Right Pair within right hours

There is not any time limit for doing Forex trading, but to trade for most of the success, then trade during peak volume hours to guarantee liquidity. Liquidity is nothing but a trader’s ability to sell a position and this is easier to do when the market is active. Say, if you are in a day job shift, then early or late in the day plus it also depends on the pair of currency you are trading.
And we have a hash one secret for mini account holders or small traders, experts advise trading US currency against various currencies. And EUR/USD is the pair most frequently traded plus you can avail latest information on these currencies in print, broadcast and internet media.
You can follow these pairs because of good liquidity in these pairs and it might be wise for part time traders to trade in between most tradable currencies.
§      EUR/USD
§      USD/CHF
§      CAD/USD
§      USD/JPY
§      GBP/USD
You should be loaded with immense knowledge before trading other currencies against US dollars because it requires sophisticated knowledge, for which information might not be available up front.

Why Forex is Very Lucrative for the Diligent Trader?

Yes, Forex trading is a serious business and does not have any place for fools so understand the business before trading and investing through Forex brokers. And currency trading by far the most lucrative business for the reasonable businessmen, patients and diligent individuals who have the time and the energy required for success. 

How to Approach?

A famous saying fits over here, if you fail to plan you are planning to fail so preparation is the most important part to approach the right thing to trade because to gain what you are looking for, you need to align your goals and temperament with the instrument and market that you are comfortably relate to.
For the best of everything you can work with the best of these three time tested points.
1. Time: you should choose time frame suitable for your temperament and the trading as well because this way you can avoid exposure to the overnight risk. Prepare a daily chart indicating an easy with overnight risk and willing to face some days go contrary to your plans. Remember that the way to make substantial money in the market requires time and the frequency of your trading.
2. Strategy: after you successfully decide the time frame you need a consistent and working strategy. There are some traders trade using indicators such as MACD and CROSSOVER while other prefers buying or selling breakouts. After a perfect and consistent working strategy test it if works to provide you with an edge. You can also frame a list of strategies and can choose the right one after one delivers positive outcomes consistently.
3. Understanding the Market: means the proper use of instruments because there are some instruments which works better than others and use of erratic instruments fail to meet winning system so test your system on multiple instruments. This will help you to check the personality which should be equal to the instruments being traded. For example, Fibonacci supports good and its resistance level is trustworthy if you are trading USD/JPY currency pair in the Forex market. You can be successful in the Forex trading market if you test multiple time frames, so as to find that combines your trading system the best.
Friends it is easy to avoid risk overnight if you can ensure following elements found in the successful and wealthy traders in your business as well.

Patience

Never chase the train after it has left the terminal; wait for the next one. Yeah the same thing works in the Forex trading also once you are clear with what you expect from your system then sit back and relax it might take longer than you expect and let your system indicate either the point of entry or exit.

Discipline  

Discipline helps you to be patient- to sit and relax until your system shows an action point. Why discipline? Because it helps you to pull the trigger when your system tells you to do so, trust your system instead of going on to plan B.

Objective

No emotions in the business and no business is done without emotions, almost perfect here because you need to be emotionally detached if you have a system that provides entry or exit level with less reliable factors, then you don’t need to be emotional or getting influenced by other’s opinions. Make sure that you have a reliable system so that you can be confident in working on its signals.

Implementation

There is not possibly a system with 100% profitable trades even good systematic work with 65% profit to loss ratio. So it is an art to make profits by the management and execution of trades. Currency as a part of asset class-
§      You can earn the interest rate differential of the pair
§      In the exchange rate, you can get the value

The Risk Involved in the Forex

This perception is not entirely true that inter-bank market being unregulated and consists big risks instead it would be a better approach to the discussion of risk after understanding the differences in the decentralized market and centralized market than updating yourself where the regulation would be the best.
Since the market is constructed by each of the bank or traders giving away offers and bid for a particular currency. And due to the huge flow within the system, it is near impossible for an individual trader or central bank to influence the price of a currency and indeed in today’s high volume market co-ordination and cooperation of other central banks can’t move the market to any length because trillions of dollars are being traded every day.
Let’s discuss some secrets of very successful Forex traders- Bill Lipschutz, George Soros, John R. Taylor, Jr, Stanley Druckenmiller, Andrew Krieger, who made their own fortune with extensive knowledge of the market they had. And if you want to be the best, you must learn from the best.
You can follow these Tips and Tricks recommended by Forex traders who made their fortunes and even a beginner can make his business successful after following these tricks. 
§      It has been found in statistics that beginners in Forex trade get very low success rate and this is one of the way that people loses hope and quit.
§      If you are new to the market, then it is obvious that you would lack knowledge and experience as well. Most of the online Forex brokers offer a practice version of their trading platform that helps you the very same experience as a live trading application.
§      Expectation beyond possible that is “to be rich in a day” and many Forex traders think of this and get depressed. It takes years to convert Forex trading into a perfect occupation and that might take time and a good investment as well, so as a new Forex trader, if you handle to stay in the game without losing all your assets in the first few months and this is the reason not to quit your day job yet.
§      Excessive leverage can help you depending on your experience level, trade leverage is a powerful tool which helps you get to maximize your returns, or it can make your downfall. So don’t trade until you understand because it is not something to take lightly. Big success overnight or more than effective cash management becomes your Greed; yeah, it is straight forward greed which can compel you to enter into any ridiculous trade and you may end up with a big loss.
You should know about commodity future trade commission (CFTC) which puts a limit to retail traders in currency trading to 50:1 for major and 20:1 for others. And maximum leverage for OANDA Canada clients is generally determined by IIROC, and you can analyze that every Forex trader who has become successful will tell you that most challenging is keeping your emotions out. 

Start Genuine Building

It is highly recommended to build your own working system rather than picking one from the internet because just copying a system that works for a successful trader might not work for you. And that is why build your own genuine system, yes, you can borrow bits and pieces from other people’s trading strategies. 

Pay Yourself First

Now if you gain good after many successful investments, then the first thing you should do is to pay dollars for yourself because if you don’t who will so never reinvest everything you earn. And since in Forex trade you can use the currency converter before investing in an exchange between euro to dollars, bitcoins to dollars, Bitcoin is nothing but a virtual currency and many other exchanges are possible, but you need to be under an experienced broker so as to get financially strong without taking any loans.
Since Forex trade is the only market where banks, big commercial companies, central banks, management firms, retail Forex broker and investors as well are involved that is why it is the largest market in the world, immensely profitable as well.
Ask yourself if you are ready to invest then you should know the answers of this question; how can I invest my money in the foreign exchange market?
The Answer is very simple this is the only market where about 5 trillion dollars trading is done in a single day and banks, commercial companies, investment firms, hedge funds, and retail investors, foreign exchange allows participants to buy, sell, exchange and speculate on currencies. 
Foreign exchange or Forex is also called the currency market where currency conversion and other financial decision are made for profiting our business. And now as you are well aware of Forex trading and currency converting strategies so we are introducing some technical terms here.
§      Exchange traded funds (ETFs) and Exchange traded notes (ETNs): there are some ETFs with a single currency while you would find others who buys and manages a group of currencies.
§      Certificates of deposits: good to know that certificates of deposits (CDs) are available on individual currencies or even on a basket of currencies which allows traders to earn interest at foreign rates.
§      Foreign Bond funds; there are some mutual funds which are invested in the bonds of foreign governments. These are nothing but shown in the currency of the country of sale. If the value of the currency of another country rises in relation to the investor’s native currency, the earned interest is increased when it is converted. 

Is There Any Future of Currency Trading?

Since in Forex trading we can exchange between any currencies; euro to dollar, bitcoins to dollars, dollars to rupee and many more but to engage yourself in currency trading in the future as well as in other Forex market, then the difference between trading currency are worth considering. Big difference between currency trading and its future is when the trading price is determined and when the real exchange of the currency pair takes place. I want to conclude this by putting the tagline that ''Forex is Future Currency Trading''.

Please share your valuable feedback about this article. Comment your views.

About Author:


Phung Thi Bich Hong is an expert writer with over 5 years of experience. She loves writing and make everyone happy with her work. She likes travelling and taking care of her small family. Writing is her passion.


Copyright © 2016, Sanaullah Baloch
All Rights Reserved

Thursday, 19 May 2016

Meta Trader 4 (MT4)

Hello my dear readers. I hope you enjoyed reading my last article. As we discussed about the Major Currency Pairs in the last article, you are now aware of the pairs on which you have to trade. Today, we will look into the most famous online trading platform of Forex market. There are many online trading platforms available for mobile and desktop both. Some of them include Mirror Trader, Ninja Trader, Meta Trader 4, Meta Trader 5 but I prefer Meta Trader 4.

Meta Trader 4 (MT4):
Meta Trader 4 or MT4 is an online Forex trading platform available for desktop as well as mobile devices. It was developed by MetaQoutes Software Company. It has almost every available feature including Expert Advise (EA) feature. It has a high speed processing time so that you can execute your trade at that particular instant. It has a discussion and news forum where you can get updates to the latest Forex news. It has a wide range of indicators including the basic and the most advanced one. I have used many indicators in Meta Trader 4. Some of the most used indicators are listed below:

§        Average Directional Movement Index
§        Bollinger Bands
§        Moving Average
§        MACD
§        Momentum
§        Relative Strength Index
§        Volumes
§        Fractals
§        Alligators

It has a feature of viewing the currency pair chart in different time frames to get an idea of the moving trend. The available time frame options to view the Forex chart of any pair in Meta Trader 4 are:

§        1 minute chart
§        5 minutes chart
§        15 minutes chart
§        30 minutes chart
§        1 hour chart
§        4 hours chart
§        1 day chart
§        1 week chart
§        1 month chart

It offers free demo-account for practising purpose so the new traders learn trading and can do practise in that account to make them ready before investing in real account and facing the high risk of losing their money.

It supports many brokers around the world. I must say it is one of the most reliable and best platforms of online Forex trading. If you are a new trader, start with a free account in Meta Trader 4 to experience it yourself and if you are an experienced trader then you must have used Meta Trader 4 so we need your valuable feedback about it. We appreciate the valuable feedback of our readers. Thank you very much.




Copyright © 2016, Sanaullah Baloch
All Rights Reserved.