Genuine online forex trading

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Trade your way with flexible pricing options including spread only, spread + fixed commission, or STP pro.

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How to choose a genuine online trading forex

This fascinating thrill ride is filled with all the twists and turns of exciting information, so be sure to hold on for this bumpy ride!

You can get tons of online trading FOREX platform on the internet but which one is the truly genuine online trading FOREX? Investing your money on incorrect online trading FOREX and you will lose your hard earned money. They are a lot of frauds on internet these living and we must be above precise when selecting an online trading FOREX.

1. Once you're really sure that it is a genuine online trading FOREX, you must evaluate how good are their platforms. Do they have hidden costs? Do they bestow customer support? Are they schooling you the techniques and strategies of trading FOREX online at no cost? These are all the important questions you want to ask manually before selecting a great and genuine online trading FOREX. If viable, find a genuine online trading platform that you can immediately list, deposit the margins and start trading.

2. If viable, find an online FOREX trading where you do not want to download any soft wares. This will take you time to download and you have to spend more time learning how to use it.

3. Find an online FOREX which will bestow you with sufficient tools once youre registered. You also want to check for any hidden cost. Look whether there is any commission charged on trading and on your profit withdrawals. Find a FOREX trading platform which has a competitive spreads.

Going through the final part of this article, we will see just how important the subject can be to many people.

Select your FOREX platform cleverly or you'll lose your money and time. Some online trading FOREX have charge you for many things and are entirely costly when sum up. Youll take hours or even days to learn about their functions and features if you get the incorrect online trading FOREX. You want to clarify what functions genuine online trading FOREX propose before putting your money inside.

This article is meant to both inform and entertain those who read it. Hopefully, we have (will) accomplished both goals for you.

How to make money trading forex online

Chances are at one time or another, you’ve been asked by well-meaning friends to join the train of online forex traders. Or your interest has been piqued by the business and you’ve been told by numerous online sources that the best way to make money is trading forex online. Either way, it’s always important to understand the pros and cons of any venture you wish to embark on. Best believe it, it is not always bright and shiny in the online forex trading world.

Pros

It is easy to trade in online markets

You have access to a great amount of leverage making it easier for small retail traders to start their journey even with little capital

Con

Are the stories real? Can you make A living trading forex?

The internet today is rife with numerous forex trading victories. Are they just another cheap PR to get unsuspecting victims to embark on forex trading? The truth is there have been plenty of genuine forex trading success stories. But it all depends on you. How willing are you to work? How ready are you to learn the process?

Professional forex trader ezekiel chew has put down some seven noteworthy ways to become an excellent forex trader, beat the majority, and scale to impressive heights.

1. Learn the trade before you trade

Despite how exciting the process of trading may seem, it is always better you look, or in this case study, before you leap. That’s right. The better part of your excitement should be spent learning the art of trading.

Any tom, dick, and harry can open an account and start trading, but it takes so much more to make the money you dream of. Not to mention the tendency to be easily frustrated and to incur huge amounts of debt when you do not understand the process well.

How can you learn? A proper forex trading course is the best place to start your journey towards a successful forex trading path. They’ll teach you all the rudiments of trading independently and provide you with ample knowledge of trading strategies for the long run. You’re also sure to get follow on support when you embark on trading.

Make sure to be wary of scammers who promise quick success in a short period. A simple hack is that a good trading school will never promise such. They’ll only promise to teach you everything you need to know to trade effectively.

2. Set up A demo trading account

If you want to practice the trading process and get accustomed to the nitty-gritty involved, a demo account is an answer to your prayers. It enables you to practice forex trading on a “demo” capital, which is not real capital. This is because a demo account does not require capital to function.

Some of the perks are it helps you to get used to the trading interface and the process of placing orders on dummy trades. So when you do eventually start really trading, your boat would be smooth-sailing. A demo trading account provision is available on several trading platforms.

3. Beginning A piecemeal at A time

Trust us, you do not want to throw in a large amount of money at the initial stage of your trading quest. For one thing, a lot is at stake when you do, plus the emotional upheaval this may cause.

As a newbie, it’s best you start trading with a small amount of money and in the process, master the skill. You'll also have a lesser tendency to risk your account in the process. Leverage and margin also give you the ability to start really small. A good trading school will teach you all you need to know about leverage and margin.

4. Do not feel overwhelmed; price action is all that matters

Do not fall into the bandwagon of nouveau traders who clutter their chart with so many indices. Best believe it, at the end of the day, price action trading is all that matters. This cluttering of your chart also diverts your attention from what matters in the grand scheme of things, and you’re often rendered immobile from the numerous factors to consider.

And of a truth, technical analysis is not hard to decipher. It’s all about buying at very low prices and selling at a high price. The same way a trader would want to purchase goods in a store or from a manufacturer at low prices and sell to customers at a high price.

You will find that a good number of institutional traders do not care to crowd their charts with several indicators. They simply analyze prize levels and make a decision either to buy or sell within these prize ranges.

5. Find A forex trading strategy that works

We like to think that several indicators on a chart are like several stick-it notes on a refrigerator. You most likely placed them there to remind you of important things. But because they are many, they end up confusing and even frustrating you.

A good forex trading strategy that works need not be complicated. What is important is that it gives you an edge in the market. Look at trading in the long run. When your wins are more than your losses, you will be profitable. Finding the right forex trading strategy that is time tested through a series of successful backtesting is highly important.

Start off by mastering one strategy in a single pair. Swing trading strategies are one of them. Only move on to the next pair or strategy when you are profitable in a series of three sets of 20 trades. This way, you have a clear idea on whether or not you are profitable when compared to someone who is trading a range of different strategies and various pairs.

6. Trade within your limit

It is important to remember that a lot could go wrong with any trade at any given time. Do not be tempted to trade outside your accepted risk exposure in a week. Especially as a new trader, you could easily bankrupt your account in a short time when you trade above your limit.

Another advice is to count your losses and never keep a trade beyond the loss of its value. If chances allow, you ought to move to protective stop loss to decrease your losses. You also want to go the extra mile of protecting your profits by taking profits at strong levels.

One more thing: you should make use of trailing stops to protect winnings and at the same time creating an avenue for it to grow.

7. Keep track of your trading journey

There’s a reason why companies hire firms to audit their account. While your forex trading may not be the same as a company, they are both business ventures with the aim of making a profit. This way, you can determine how your trading has been going within a period of time. Your losses too should be accurately accounted for.

Keeping a record also serves as a practical lesson. Trading is essentially a lot of learning and a little doing. How fast you learn from your mistakes and apply your newfound knowledge will go a long way in projecting your profits and boosting your morale.

We understand that the art of forex trading can prove to be an emotional rollercoaster especially for the newly indoctrinated. However, it is important to take any losses with a grain of salt, for it is a part of the whole process of trading. Sometimes you win, other times you lose. What is important, however, is that you learn from your losses and wins too.

One strategy is to always make plans and be deliberate about those plans. Try to map out a clear cut pattern to attain any goal you set. Diligence and experience are what make a successful forex trader. And a right attitude to loss is what makes it a learning experience.

Some of the things you could include in your record taking include:

The date the trade was made

Screenshot of the chart of every trade

Explanation of where the trade was taken and reasons for the execution

Write out your performance in the trade

Write out how your performance makes you feel.

Creating a word document can help with all this.

How to spot a forex scam

The spot forex market traded over $6.6 trillion a day as of april 2019, including currency options and futures contracts. with this enormous amount of money floating around in an unregulated spot market that trades instantly, over the counter, with no accountability, forex scams offer unscrupulous operators the lure of earning fortunes in limited amounts of time. While many once-popular scams have ceased—thanks to serious enforcement actions by the commodity futures trading commission (CFTC) and the 1982 formation of the self-regulatory national futures association (NFA)—some old scams linger, and new ones keep popping up.

Back in the day: the point-spread scam

An old point-spread forex scam was based on computer manipulation of bid-ask spreads. The point spread between the bid and ask basically reflects the commission of a back-and-forth transaction processed through a broker. These spreads typically differ between currency pairs. The scam occurs when those point spreads differ widely among brokers.

Key takeaways

Many scams in the forex market are no longer as pervasive due to tighter regulations, but some problems still exist.

One shady practice is when forex brokers offer wide bid-ask spreads on certain currency pairs, making it more difficult to earn profits on trades.

Be careful of any offshore, unregulated broker.

Individuals and companies that market systems—like signal sellers or robot trading—sometimes sell products that are not tested and do not yield profitable results.

If the forex broker is commingling funds or limiting customer withdrawals, it could be an indicator that something fishy is going on.

For instance, some brokers do not offer the normal two-point to three-point spread in the EUR/USD but spreads of seven pips or more. (A pip is the smallest price move that a given exchange rate makes based on market convention. Since most major currency pairs are priced to four decimal places, the smallest change is that of the last decimal point.) factor in four or more additional pips on every trade, and any potential gains resulting from a good trade can be eaten away by commissions, depending on how the forex broker structures their fees for trading.

This scam has quieted down over the last 10 years, but be careful of any offshore retail brokers that are not regulated by the CFTC, NFA, or their nation of origin. These tendencies still exist, and it’s quite easy for firms to pack up and disappear with the money when confronted with actions. Many saw a jail cell for these computer manipulations. But the majority of violators have historically been united states-based companies, not the offshore ones.

The signal-seller scam

A popular modern-day scam is the signal seller. Signal sellers are retail firms, pooled asset managers, managed account companies, or individual traders that offer a system—for a daily, weekly, or monthly fee—that claims to identify favorable times to buy or sell a currency pair based on professional recommendations that will make anyone wealthy. They tout their long experience and trading abilities, plus testimonials from people who vouch for how great a trader and friend the person is, and the vast wealth that this person has earned for them. All the unsuspecting trader has to do is hand over X amount of dollars for the privilege of trade recommendations.

Many of signal-seller scammers simply collect money from a certain number of traders and disappear. Some will recommend a good trade now and then, to allow the signal money to perpetuate. This new scam is slowly becoming a wider problem. Although there are signal sellers who are honest and perform trade functions as intended, it pays to be skeptical.

"robot" scamming in today’s market

A persistent scam, old and new, presents itself in some types of forex-developed trading systems. These scammers tout their system’s ability to generate automatic trades that, even while you sleep, earn vast wealth. Today, the new terminology is “robot” because the process is fully automated with computers. Either way, many of these systems have never been submitted for formal review or tested by an independent source.

Examination of a forex robot must include the testing of a trading system’s parameters and optimization codes. If the parameters and optimization codes are invalid, the system will generate random buy and sell signals. This will cause unsuspecting traders to do nothing more than gamble. Although tested systems exist on the market, potential forex traders should do some research before putting money into one of these approaches.

Other factors to consider

Traditionally, many trading systems have been quite costly, up to $5,000 or more. This can be viewed as a scam in itself. No trader should pay more than a few hundred dollars for a proper system today. Be especially careful of system sellers who offer programs at exorbitant prices justified by a guarantee of phenomenal results. Instead, look for legitimate sellers whose systems have been properly tested to potentially earn income.

Another persistent problem is the commingling of funds. Without a record of segregated accounts, individuals cannot track the exact performance of their investments. This makes it easier for retail firms to use an investor’s money to pay exorbitant salaries; buy houses, cars, and planes or just disappear with the funds. Section 4D of the commodity futures modernization act of 2000 addressed the issue of fund segregation; what occurs in other nations is a separate issue.

An important factor to always consider when choosing a broker or a trading system is to be skeptical of promises or promotional material that guarantees a high level of performance.

Other scams and warning signs exist when brokers won’t allow the withdrawal of monies from investor accounts, or when problems exist within the trading platform. For example, can you enter or exit a trade during volatile market action after an economic announcement? If you can’t withdraw money, warning signs should flash. If the trading platform doesn’t operate to your liquidity expectations, warning signs should flash again.

The bottom line

Conduct due diligence on the forex broker you’re considering by going to the background affiliation status information center (BASIC), created by the NFA. Many changes have driven out the crooks and the old scams and legitimized the system for the many good firms. However, always be wary of new forex scams; the temptation and allure of huge profits will always bring new and more sophisticated scammers to this market.

How to spot a forex scam

Back in the day: the point-spread scam

Key takeaways

Many scams in the forex market are no longer as pervasive due to tighter regulations, but some problems still exist.

One shady practice is when forex brokers offer wide bid-ask spreads on certain currency pairs, making it more difficult to earn profits on trades.

Be careful of any offshore, unregulated broker.

Individuals and companies that market systems—like signal sellers or robot trading—sometimes sell products that are not tested and do not yield profitable results.

If the forex broker is commingling funds or limiting customer withdrawals, it could be an indicator that something fishy is going on.

The signal-seller scam

"robot" scamming in today’s market

Other factors to consider

An important factor to always consider when choosing a broker or a trading system is to be skeptical of promises or promotional material that guarantees a high level of performance.

The bottom line

Genuine online forex trading

Kuazlan

Trader

Scammers and genuine business people, these are the two main categories you'll work with in business transactions. Scam in fact abounds on speculative markets such as forex. People who work at home and who try to make their own independent buck face scam risks every day. Genuine online forex trading does have a big impact on the international work environment, but sometimes it is not enough. False commitments are common basis for lots of forex activities, and most issues result from the creation of unverified brokerage systems that charge commissions or money deposits while giving zero in return.

Trade without middlemen, that's the best idea for genuine online forex trading. You can develop personal strategies and stop basing your decisions on the recommendations of so-called professionals. Beginners usually get in the traps of less genuine online forex trading, but even more experienced traders may fall for it. Fear and greed are the two feelings that expose you to scams. Don't believe in miracles and don't expect wonder results from you first investments. This is not possible, therefore, stay wary of anyone who tells you otherwise.

Let's take a clear example here. In order to operate on the foreign exchange market, you need to open an account and make a money deposit. Genuine online forex trading systems generally recommend for the opening of multiple accounts at the same time, while scammers advise you to create just one, so that they may get more money from you in one shot. Look for web sites that provide advice and support for beginners, and even strategies to implement on the currency market. In time, with genuine online forex trading support you'll learn how to detect and analyze market indicators and distinguish what is genuine from what is fake.

Stay realistic and don't fall for the ultimate regular income promises or the revelation of the secret market movements.

Genuine online forex trading results from good knowledge of the market principles and solid education.

There is a risk even with the best trading systems. The rewards can be considerable, but with every investment you also take a risk!

Create an individual simple system. Leave advanced currency trading strategies for when you are confident and trained enough to handle them!

Avoid short-term money ventures and aim for long term success!

Forex trading can be learned by anyone. It truly is a business open to anyone. BUT the learning curve is steep, a lot of mistakes are being made and you can lose a lot of money fast by making the same mistakes all beginner forex traders make.

Exploring scams involved with forex trading

While foreign exchange (forex) investing is a legitimate endeavor and not a scam, plenty of scams have been associated with trading forex. As with many industries, plenty of predators exist out there, looking to take advantage of newcomers. Regulators have put protections in place over the years and the market has improved significantly, making such scams increasingly rare.

Foreign exchange trading involves the trading of pairs of currencies. for example, someone might exchange euros for U.S. Dollars. In september of 2019, 1 euro ranged in value from about $1.09 to about $1.12. So, a trader who exchanged 100 euros for $112 when the value of the dollar is high could profit by exchanging those $112 for euros when the value of the dollar drops back to $1.09 per euro. Such a transaction would result in a net profit of less than 3%, which likely would be wiped out by the broker's commission.

Forex is a legitimate endeavor. You can engage in forex trading as a real business and make real profits, but you must treat it as such. Don't look at forex trading as a get-rich-overnight business, no matter what you may read in hyped-up forex trading guides.

Exchange rates are volatile and can go up or down unpredictably. When accounting for commissions brokers take from transactions, making money requires significant changes in exchange rates in favor of the trader. High profits are possible, but it's not a market where anyone should expect quick and easy cash.

What makes a scam?

Forex trading first became available to retail traders in the late 1990s. the first handful of years was wrought with overnight brokers that seemed to pop up and then close down shop without notice.

The common denominator was that these brokers were based in nonregulated countries. While some did take place in the united states, the majority seemed to originate overseas where the only requirement to set up a brokerage was a few thousand dollars in fees.

A distinct difference exists between a poorly-run brokerage, which isn't necessarily a scam, and a fraudulent one. Even a poorly run brokerage can run for a long time before something takes it out of the game.

Some common examples of scams investors should look for include churning and brokers who simply underestimate risk. Churning involves brokers who execute unnecessary trades for the sole purpose of generating commissions.

Additionally, some brokers often overestimate the ability of investors to make a lot of money quickly and easily through the forex market. They typically prey on new investors who don't understand that forex trading is what is known as a zero-sum game. When a currency's value against another currency gets stronger, the other currency must get proportionally weaker.

How to avoid being scammed

The first step to take is to check the location of the brokerage's headquarters and research how long it has been in business and where they are regulated. The more the better.

If you feel you are being scammed, contact the U.S. Commodity futures trading commission.

The simple act of finding out who you should call if you feel that you've been scammed, before investing with a brokerage, can save you a lot of potential heartache down the road. If you can't find someone to call because the brokerage is located in a non-regulated jurisdiction, this is usually a red flag and a sign that it's best to find more regulated alternatives.

Genuine online forex trading

Here is forex trading. Scammers and genuine business people, these are the two main categories you’ll work with in business transactions. Scam in fact abounds on speculative markets such as forex. People who work at home and who try to make their own independent buck face scam risks every day. Genuine online forex trading does have a big impact on the international work environment, but sometimes it is not enough. False commitments are common basis for lots of forex activities, and most issues result from the creation of unverified brokerage systems that charge commissions or money deposits while giving zero in return.

Please visit: online forex trading. Trade without middlemen, that’s the best idea for genuine online forex trading. You can develop personal strategies and stop basing your decisions on the recommendations of so-called professionals. Beginners usually get in the traps of less genuine online forex trading, but even more experienced traders may fall for it. Fear and greed are the two feelings that expose you to scams. Don’t believe in miracles and don’t expect wonder results from you first investments. This is not possible, therefore, stay wary of anyone who tells you otherwise.

Let’s take a clear example here. In order to operate on the foreign exchange market, you need to open an account and make a money deposit. Genuine online forex trading systems generally recommend for the opening of multiple accounts at the same time, while scammers advise you to create just one, so that they may get more money from you in one shot. Look for web sites that provide advice and support for beginners, and even strategies to implement on the currency market. In time, with genuine online forex trading support you’ll learn how to detect and analyze market indicators and distinguish what is genuine from what is fake. For more information: forex trading.

Stay realistic and don’t fall for the ultimate regular income promises or the revelation of the secret market movements.

Genuine online forex trading results from good knowledge of the market principles and solid education.

There is a risk even with the best trading systems. The rewards can be considerable, but with every investment you also take a risk!

Create an individual simple system. Leave advanced currency trading strategies for when you are confident and trained enough to handle them!

Avoid short-term money ventures and aim for long term success!

Genuine online forex trading

In any business, there are people who are genuine and then there are others who are out to scam the innocent people and swindle as much of their money as possible. While surfing the internet, we come across many advertisements that warn us of fake business propositions and companies that promise many things but are just looking to make a quick buck. For those who work from home, and for those who are interested in doing business of their own, they face such problems on a daily basis. For those who are working from home, being promised fancy returns without doing anything or companies that say they will pay them to simply forward emails to hundreds of people are all frauds and of no use. Similarly, in forex trading too there are many who make false commitments and promises but do not deliver. While trading in the forex market online, the genuine online forex trading systems must be recognized to save oneself from undue losses.

Foreign exchange is the biggest financial market in the world and there are thousands of investors trading in it across the globe.

For them all to be protected from scams or fraudulent middle men it is important to educate them on how to trade on their own. This way, their dependency on others would come down and they would start thinking on their feet and making decisions based on their judgment. The genuine online forex trading is aimed at facilitating people with all the information they would require and to help them get good returns on their investment dollar. There are many books and websites created for the benefit of the traders, especially the beginners. They must be taught to differentiate between genuine online forex trading and fake ones, which will put them on alert and keep them safe. They must stay wary of any site that promises miracles and overnight riches and understand that it is not really possible unless they spend time and put in some effort into it.

While trading on the internet, the users are asked to open accounts, and most are advised on opening multiple accounts. If it were a fake system, it would say that one is sufficient and through that the investor can rake in millions in a single shot. But with the real systems, they will realize that they need to make trials and attempts before they are anywhere near earning profits. They will learn about how to go about trading and what are the details involved in completing successful trades. All this will make them smarter and give them a jump start in helping other beginners in playing it safe and watching out for all these indicators that distinguish between genuine and fakes. They will also know that day trading as the first attempt is not a wise decision and they need more experience before getting into this. It is always better to pick up some books on possible misleading information or sites so one can stay on the alert and keep a watch on their investments and earnings.

So, let's see, what we have: FOREX.Com offers forex & metals trading with award winning trading platforms, tight spreads, quality executions, powerful trading tools & 24-hour live support at genuine online forex trading