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#121 xtreamforex.com

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Posted 18 June 2019 - 05:09 AM

Main Differences between Forex and Options

 

Margin

In Forex trading Margin is one of the biggest elements of trading. The maximum margin is determined by each broker and can but up to 1:500, it is designed to allow traders to increase their investment capital so they can make a larger trade, in Binary Options there is no use of margin at all.

 

Pay Outs

With Forex there can’t be any specified numbers on profits or losses. Traders can apply a Stop Loss order, to makes sure no big losses are made, but depending on how the market moves as the position is open losses and profits can be wide or narrow. A trader could lose all the money in his account in one trade. With Binary options the investment is pre-determined and a trader already knows how much he will make if the trade goes well and how much he will lose if it doesn’t. 

 

Closing a Position

With Forex trading you can choose exactly when to close a position as the markets change. When a position opens there are no limits about when it should close that is entirely up to the trader and the decision can be made during the trade. With Binary Options the time frame is pre-determined, and the trade has to play out till the expiry date. Some brokers offer the option of “early closure” meaning you can exit your position at some point during the trade if you feel you are losing, but at a percentage cost.

 

Order Types

In Forex trading there are many order types including buy/sell, limit, stop, One Cancels the Other, Trailing Stop, Hedge Orders, and many others. In Binary Options there are five types of orders, high/low, 60 second options, Touch/No Touch, Boundary Options and Options builder.

 

Trade Size

Some Forex brokers allow trading micro lots, which are 1,000 units of the base currency, the maximum trading amount is determined by each broker and can be as high as 10,000,000 dollars. In Binary Options, the minimum and maximum is determined by each broker. The trading amount can be as low as 5 dollars per trade, and the maximum can be 1,000 dollars, or 5,000 dollars or more.



#122 Mark Potter

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Posted 18 June 2019 - 06:51 AM

Picking up a credible and suitable broker has always being an important task for me. My broker ForexChief is simply best for me. I am receiving narrowest spread, reasonable leverage of 1:400, re-quote and slippage free timely trade executions along with full capital protection through appropriate regulations. I am also enjoying free trading lessons and market analysis from this broker. It is also providing me modern trading platform of MT4.

 



#123 xtreamforex.com

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Posted 28 June 2019 - 07:09 AM

Making a Profitable Business in the Forex Market

 

For many people trading may be something small they do on the side, and do not take really seriously but for some trading can become their main source of income, or at least a big part of it and that is when Forex trading can become a Forex Business.

 

Like any other business you need to calculate and manage your costs. In Forex the costs are the losses you are likely to suffer through your trades, the commission you will pay to the broker through the spread – or separately – your basic equipment which is a computer and internet access.

 

 

Losing trades may seem like a cost you can avoid but they are not, no matter how good of a trader you are and how much money you are making, you are always going to have some losing trades, and it will be your biggest cost as a trader. So your plan should be to make sure your revenue can offset your cost enough for you to make a profit.

 

 

You need to always make sure that over all you have successful trades making enough profits to cover the losing ones, over all costs and leave a profit, otherwise it is completely useless to trade, and you will be spending more than you are making.

 

You can do that by making goals for your trading journey and always aim at reaching them. You goals should be to reach a very high percentage of winnings opposed to the percentage of losing or the winning trades need to be larger than your losing trades to balance it off. This is what is referred to as the risk reward ration. For example your risk reward ration can be set at 1:2 for every trade, meaning 35 to 40 percent of the times your trade have to right. Most successful traders win between 40-60% of the time however their wins are substantially bigger than their losses and therefore make up for the imbalance. So in essence you can be wrong more than you are right and still make a big profit.

 

It takes a lot more skills and tactics to have a Forex business of course, and you cannot find out about all of them through one article but over time you can learn to manage your trading well enough to make a good business out of it.



#124 xtreamforex.com

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Posted 04 July 2019 - 07:24 AM

Wide Range of Forex Trading Products offered by XtreamForex

 

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Forex trading is buying and selling of currency pairs with intent to make money or hedge investments. Forex market is most liquid asset class to trade and invest globally. There is wide range of foreign exchange products for trading that investors can pick up without difficulty but before trading in real money, it is advisable to open a demo account and try out different strategies that you could use in an actual foreign exchange environment.

 

XtreamForex is one of the Top Online Forex Broker who offers wide range of Forex Trading Products globally. These Forex Trading Products include:

1) Forex Products

2) Cryptocurrencies

3) Indices

4) Stocks

 

1) Forex Products

Forex Product available for trading is currency pairs. Currency pairs are the most renowned foreign exchange product in the market. Investors trade currency pairs globally. In Forex Products one currency is traded among other. The most renowned currency pairs include GBP to USD, EUR to USD and USD to JPY. With XtreamForex you can Trade More than 60 Major, Minor and Exotic currency pairs from 0.0 pips.

 

2) Cryptocurrencies

Cryptocurrency is a digital currency built with cryptographic protocols that make transactions safe and sound and difficult to fake. In simple words Cryptocurrency is a medium of exchange value that exists in the digital world. With XtreamForex Trade the world's most traded digital currencies: Bitcoin, Litecoin, Ethereum and many more under one Forex Trading Platform.

 

3) Indices

Indices traders speculate on price movements in stock Indices like the FTSE 100, the Dow Jones and DAX. Indices price movements and unpredictability are affected by factors like political events, major factors which affect companies in a particular sector, economic data like employment figures and big changes in the currencies markets. Trade Indices with excellent trading conditions and competitive spreads.

 

4) Stocks

Create and manage your own portfolio of companies. Trade 60+ Stocks of some of the largest and most famous companies of US, UK and EU. XtreamForex  gives you competitive spreads and exceptional execution on some of the world's most popular shares.

 



#125 xtreamforex.com

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Posted 05 July 2019 - 06:51 AM

Forex Tips

 

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Forex trading takes more than just learning and skills but it takes confidence and belief. It is very easy to be discouraged by fails and hard times and stress and give up. Of course we do not want to deny that there is a time when for some people the best choice is to quit, but in many cases it is important to try and fight for what you believe in.

 

Having confidence in your Forex trading is a package with having confidence in yourself in general. You need to believe that you can achieve what you think you can. Most successful people – not just traders – in the history of the world believed in their own power of visualization. Meaning they wanted to get somewhere and they did one way or another never really giving up hope. Forex trading most definitely requires never losing hope and pushing to get where you want because it is not an easy or fast process.

 

You need to believe that you are a successful trader and act as such. This is not to encourage fake over confidence – because it can be harmful – but encourage healthy confidence in your abilities and your skills. If you tell yourself that you are not a good trader and you believe it then your whole outlook will be negative and it will make it harder for you to have the confidence to make the right choices. Hesitating during trading and questioning yourself will only lead to loss.

 

Aside from being confident in yourself, you need to be confident in your plan, because your trading plan is your main guide and if you don’t trust it enough to always stick to it then you’re in trouble. Of course there are stages where you will go back to the plan and adjust it and make it better, but that happens when you are reviewing your trades, not while you are executing them. During trading you need to have 100% confidence in your plan and strategy and follow them.

 

Next to your trading plan you should have a risk management plan, and one which you believe is and will continue to work well. Once again it takes some time before you get the right plan, but when you do you have to trust the plan and follow it in order to keep managing your risks and money right.

Last but most definitely not least always keep a trading journal; it is your way of crafting and perfecting your plan.



#126 xtreamforex.com

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Posted 09 July 2019 - 06:02 AM

Most Volatile Currency Pairs of 2019

 

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Want to start Forex Trading but don’t know which forex pairs you need to focus for profit? Nobody can give this answer correctly as it depends upon the trader’s knowledge about that currency pair and the volatility of currency pairs. You need to take the time to analyze different pairs against your own strategy, to determine which are the best Forex pairs to trade on your own account.

 

What Volatility Refers to?

Volatility is a term used to indicate the change in trading price of pairs in a specific period of time. Greater the scope of price variation, greater volatility is considered to be there. The volatility of a pair is measured by calculating the standard movement away of its returns. The standard difference is a measure of how widely values are dispersed from the average value (the mean).

 

The importance of volatility for traders

Being aware of a trading product's volatility is important for every trader, as different levels of volatility are better suited to certain tricks and psychologies. For example, a Forex trader looking to progressively develop his funds without taking on a lot of risk would be advised to choose a currency pair with lower volatility. On the other hand, a risk-seeking trader would look for a currency pair with higher volatility in order to cash in on the superior price differentials that volatile pair offers.

 

What affects the volatility of currency pairs?

Currency pairs are affected by following factors or events:

  • Economic or Market Related Events
  • Change in Interest Rate of a Country
  • Drop in Commodity Prices

The degree of volatility is generated by different aspects of the paired currencies and their economies. Moreover drivers of volatility include inflation, government debt, and current account deficits; the political and economic stability of the country whose currency is in play will also influence FX volatility. As well, currencies not regulated by a central bank - such as Bitcoin and other cryptocurrencies - will be more volatile since they are inherently speculative.

According to the chart we come to the point that GBP/NZD is the most volatile currency pair of 2019.

 



#127 xtreamforex.com

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Posted 11 July 2019 - 08:43 AM

Forex Indicators

 

Forex Indicators also known as Expert Advisors (EAs) are tools used by traders on the trading platform to help them make better trading decisions, by using certain methods and strategies which predict the future movements of prices. Most Forex platforms allow the use of EAs although in some few cases they may not be allowed, so it is always preferable to check.

These tools can be found on the platform and traders can choose which are the best to use for each trade. Some traders prefer one tool over the other, some like combining several methods. There are many Forex Indicators and EAs, here are two of the most popular ones;

 

The Profit taking tool

As the name suggests it advices the trader when is the right time to take the profits and close the trade. While many traders can go into good trades deciding when is the right to pull out is a little more tricky. Pulling out too soon may prevent you from making further profits and pulling out too late may cost you your profits. In this case the three day relative index can also be used to help the trader determine what the likely odds are. Another method is the known Bollinger Bands, which adds and subtracts the standard deviation of price data changes over a period from the average closing price over that same time frame to create trading ‘bands’.

Another method is the trailing stop, which gives the potential of the trade to let profits run without staying open too late and losing money.

 

 

Trend Confirmation Tool

The trend confirmation tool is usually used as a backup for the trend following tool. It helps reassure whether the current trend following indicator is correct or not. It gives its own results and if both Trend following and trend confirmation tool results match then the trader can be reassured.

Overall Forex Indicators, Expert Advisors and trade assisting tools are many, and they can each be used in many different ways, through many different method, for many different reasons, which is why it is advised to further explore Forex indicators, they can and will make your trades easier and more successful eventually helping you become a better trader.



#128 xtreamforex.com

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Posted 30 July 2019 - 06:50 AM

What are Forex Signals

 

Forex traders are constantly on the lookout for ways to help them trade better, make better predictions and ultimately make more profits. So it is important for traders to look at all the options they have before deciding what is best for them.

 

 

Forex Signals provide raw data and insights about the market so that traders can make better informed trading decisions with much less risk.

Unlike EAs, Forex Signals are sent on a regular basis through alerts like SMS messages, email alerts or pop up messages. Some Forex brokers offer free signals on their platforms, or through their services giving traders constant updates, but in the case that they do not there are many separate Forex Signal services.

 

 

If traders want to use a Forex Signal service from a third party it is offered at a fee, usually an average of 200 dollars a month. When you pay for the service you will have more options regarding the method you would like to receive the signals, and they will be more regularly updated.

 

It is important to note that no matter how good or reputable the service is nothing in Forex is 100% guaranteed, and even these predictions which are based on technical and fundamental analysis can prove to be wrong if unexpected market changes occur, so even in the case of using Forex Signals traders still have to use their own knowledge and trust their own instincts when making their trading decisions.



#129 xtreamforex.com

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Posted 02 August 2019 - 06:37 AM

What is a Bull Market?

 

Markets are described as either Bull markets or Bear markets depending on the general direction of their currencies.

The term bull market derives from the way a bull attacks its enemies by swaying its thorns upwards, therefore it describes a market that is heading in an upwards direction.

 

 

What stands out about a bull market is that it is generally moving upwards, and has been moving upwards for a long period of time. Even if it suffers minor losses its general direction is always positive.

This doesn’t apply to just the currency, but the whole environment surrounding the currency like the economic environment, employment in the country, and number of investments.

 

 

A bull market attracts many investors as it promises almost guaranteed high profits, and because it keeps getting investors, it continues to perform well and thrive.

It is hard for investors to suddenly lose interest in a bull market, unless a general rumor is spread about the market, making all investors and traders believe that this market is going to decline, forcing them to withdraw their investments, and invest against the market, leading to a big decline and moving the market from bullish to bearish.

 

 

Of course there are many ways for a market to be affected, and that can be through big news releases, businesses between countries and more, if the market declines on its own, it will also push investors away which will further in its decline.



#130 xtreamforex.com

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Posted 16 August 2019 - 05:57 AM

Advantages and Requirements of the MT4 Forex Trading Platform

 

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Mt4 or Meta Trader 4 is one of the most popular and used Forex Trading Platform. It is offered by almost every Forex company and preferred by many forex traders. The platform has established itself as a prominent one by catering to all the basic needs of traders and not just for trading.

 

 

The most likeable feature about Mt4 is its user friendliness, which allows even the newest of traders to adjust to trading smoothly without the complications of learning how to use a new software. It offers a simple and understandable interface, which is highly customisable, allowing each trader to decide how their platform will look like, and be most comfortable to make their trading easier.

 

 

Additionally Mt4 offers technical and fundamental analysis, and Forex indicators which are an important and desired help by both newcomers and experienced traders. Expert Advisors are also an important and big advantage, not only does the platform come with its own EAs but it allows traders to write and design their own EAs and upload them to the platform, giving the space for anyone who wants to expand their skills to do so.

 

The key features of Mt4 are the Market Watch Window, Navigator Window, Multiple Order Types, Variety of pre-installed indicators, Analysis tools and multiple chart set ups, Automated Trading Order Execution Capabilities, Hedging and Scalping friendly, and Expert Advisors.

 

The Mt4 Platform can be downloaded on all devices (including Apple devices) like phones and tablets.

 



#131 xtreamforex.com

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Posted 20 August 2019 - 11:51 AM

XtreamForex Thailand Demo Trading Contest

 

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XtreamForex demo contest provide traders a chance to get real money without investing your own funds! Before you start real trading take your first step in this exciting opportunity, make little real cash and test your skills. Join and take a dive into the exciting world of Forex trading competition with XtreamForex! Joining Link: https://xtreamforex....emocontest.html

 

Contest’s Time:

  • Registration Period: 19th August 2019 to 6th September 2019.
  • Trading Period: 9th September 2019 to 11th October 2019

Winner Announcement: 21st October 2019

Offer is Applicable: Only for Traders of Thailand, Malaysia and Indonesia

How to Apply: The Client must register for the competition via the competition dedicated page in order to participate.

To Win: The client who will generate maximum profit at the end of the contest will win.

Winning Prize

  • 1st Prize $1000
  • 2nd Prize $750
  • 3rd Prize $500

XtreamForex Philippines Demo Trading Contest

 

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Join and take a dive into the exciting world of Forex trading competition with XtreamForex! Here we offer forex trading contest for demo accounts once in a year. You can join this contest for free. Forex Demo Trading competitions are the best way for beginners to gain experience in Forex trading and to try out and improve your trading strategies in a competitive environment! Joining Link: https://xtreamforex....emoContest.html Contest’s Time:
  • Registration Period: 19th August 2019 to 6th September 2019.
  • Trading Period: 9th September 2019 to 11th October 2019

Winner Announcement: 21st October 2019

Offer is Applicable: Only for Traders of Philippines

How to Apply: The Client must register for the competition via the competition dedicated page in order to participate.

To Win: The client who will generate maximum profit at the end of the contest will win.

Winning Prize

  • 1st Prize $1000
  • 2nd Prize $750
  • 3rd Prize $500


#132 E Reynolds

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Posted 24 August 2019 - 06:51 PM

The scalpers always feel comfortable when scalping. Because by and large regulated trading broker don’t allow trading concept such as this. So we the traders who are particularly scalpers have to choose the broker which permits scalping. By the way as a scalper now I am comfortable with LQDFX which is credible and form here without any kinds of restrictions I am able to scalp at any major currency pair including minimum margin requirements.



#133 xtreamforex.com

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Posted 05 September 2019 - 06:22 AM

XtreamForex is the Fastest Growing ECN Forex Broker in the Financial Market

 

XtreamForex is a Brand Name Of Top Trading Firm Grand Investing LTD. Grand Investing LTD was incorporated in October 2007 and is headquartered in the centre of Majuro, Marshall Islands. The Company is a member of Grand Investing Group, one of the Biggest Trading Companies in southeast Europe. Grand Investing Group has twenty years of experience in investment and commercial banking, as well as real estate investments.

In January 2016, XtreamForex - (a trade name of Grand Investing LTD) - was formed in order to provide retail investors access to the currency, commodities, energies and equities markets.

Clients of XtreamForex are offered a choice of 5 account types, in order to suit the needs of traders of all levels and preferences. All accounts, except the ECN and ECN Pro, are commission-free and offer variable spreads.

Swap-free service is available to clients of Islamic belief on Micro & Standard account types. Scalping, hedging as well as automated strategies (EAs) are allowed on the Xtream account.

XtreamForex is a member of the Investors Compensation Fund and that client funds are held in segregated bank accounts as per our regulations requirements. What is more, the broker provides negative balance protection, ensuring that its clients do not lose more than they have invested.

 

Trading Conditions

Minimum Initial Deposit

XtreamForex requires a minimum investment of $5 from traders to open an account, which is a very low minimum deposit requirement.

 

Maximum Leverage

The maximum leverage rates offered by this broker are high, reaching 1:1000.

 

Forex Trading Platform

XtreamForex offers its customers the famous MetaTrader 4 (MT4), desktop and mobile versions available (for Android, iPad & iPhone).

 

Customer Support

XtreamForex Customer support is available 24/5 during market opening times. We believe to build long-term relationships with our clients and all the people who work with us.

 

The MetaTrader 4 terminal is a perfectly equipped platform that allows trading in Forex, CFDs and related products. It provides the necessary tools and resources to analyze price dynamics on financial markets, conduct transactions, create and use Expert Advisors (EAs). EAs are advanced automated trading systems written in MQL4 that are able to analyze market conditions automatically, open and close positions and place, modify or delete orders.

 

Forex Promotions & Bonuses

Join any one of our Forex Promotions from XtreamForex and get the most out of your trading. Some of our promotions will support your account in the case of drawdown and some of them support you wile opening trades. All of XtreamForex promotions and bonuses increase your trading volume and the only thing you need to do is to trade on regular basis and enjoy profit.

 

At the time of writing of this review, XtreamForex offers its traders the following promotions:

- 100% Credit Bonus

This bonus applies to clients with minimum deposit $100 and cannot be withdrawn from the trading account.

 

- 30% Tradable Bonus

This bonus applies to clients with minimum deposit $500 and can be withdrawn from the trading account.

 

- Everyday Payout

As a IB you can earn up to $25/Lot commissions for each traded lot by your referred clients and this time you can withdraw your daily earned commission at the end of the day. Every 24 hour you will be able to cash out your earned commission into your IB account.

 

- Annual IB Contest

XtreamForex starts an annual competition for all our partners. Become a XtreamForex Partner and grab the chance to achieve your dreams!

 

Methods of Payment

XtreamForex offers a large number of payments methods to accommodate all our international clients through their account management portal, MyXtream: Bank wire transfer, credit/debit cards and e-wallets Neteller, Skrill, China UnionPay and Local Deposits and withdrawals.

 

XtreamForex charges no fees on deposits and withdrawals.

 

Conclusion

XtreamForex is a true ECN Forex Broker that offers reasonable conditions for trading with a variety of products through the robust MT4. Start Online Trading with XtreamForex and Experience Reliable Foreign Exchange Trading with Best Forex Brokers and get an edge with our exceptional Forex Trading conditions.



#134 E Reynolds

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Posted 07 September 2019 - 10:53 AM

Now I am comfortable with LQDFX which is real STP Execution and for all time make sure security of funds,  superior execution for trading comfortably , lowest trading spreads for using any kinds of trading techniques , minimum margin requirements, low transaction cost , easy withdrawal system without long time process, active customer services and much more trading facilities that are very supportive to lead a comfortable trading life with certainly.  so, I always feel secure and comfortable when trading.    



#135 xtreamforex.com

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Posted 13 September 2019 - 06:33 AM

Xtreamforex  Services

 

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XtreamForex is committed to provide superior Forex trading services for all clients, irrespective of the size of their account balances. Our whole team is committed to offering best industry leading products and services to all clients.

  • ECN Forex Broker: ECN broker is a forex financial expert. It is a non-dealing desk brokers. The ECN provides an electronic system for buyers and sellers to come together for the purpose of executing trades. It can best be described as a bridge linking smaller market participants with its liquidity providers through ECN FOREX BROKER.

 

  • Top Forex Trading Platform: Forex Trading Platform have a huge impact on Forex Trading. Forex Trading platforms are the most widely adopted trading association in the entire financial market. It has an incredible amount of exposure among retail traders with a reach and visibility that exceed any other financial product.

 

  • Forex Market Analysis: Forex Market analysis is used by retail forex traders to determine buy or sell items on currency pairs. Forex Market analysis many types like as Fundamental analysis, Technical analysis, weekend analysis etc.

 

  • Segregated Client Accounts:  When a Forex broker are use segregated accounts, it means there is a dedicated account where client funds are kept separate from the broker’s operating funds. In Forex industry, a number of brokers choose Segregated account for their customers.

 

  • Customer support: XtreamForex are available for customer support 24/5 during marketing times. If you have any query/question please feel free to ask us.

 

For more detail visit here:  https://xtreamforex.com

 

 



#136 xtreamforex.com

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Posted 25 September 2019 - 06:08 AM

Risk Management

 

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When trading Forex there are many factors that can affect the trades very badly, be it greed or fear. Some people can get too intoxicated with the thrill of making a profit that they lose a streak of trades that sets them back, or they can invest too much money in each trade and get wiped out. All these factors need to be managed, and that is where risk management comes in. Risk management not only reduces risk for trades but makes sure that traders have a plan to recover their losses.

 

Reward to Risk Ration

 

With this method of risk management, traders have to consider the possible reward with the successful completion of a transaction, when they are deciding on which trade to make. This includes considering the spread as it affects the price a lot. The possible reward from the trade has to be big enough to cover the fees you will be paying the broker through the spread, so the trader puts a stop to execute a sell order automatically if the trade moves against him, this protects the capital and makes sure losses won’t more than the fee.

 

So if a spread costs 2 pips and a 50 pip trading loss is acceptable, then the reward expected should be 152 pips so you get a 3:1 reward risk ration. This means a downside of 50 pips with an upside of 152 pips can cover the spread, and give you a 150:50 reward risk ration.

 

Capital protection & Risk Management

 

Using this method a trader makes sure each trade uses no more than 2% of the capital. This makes sure that even with a series of bad trade the balance won’t go down to 0 and therefore the trader does not go broke. With a constant 2% investment of the capital, it would take an average of 50 losses in order to lose all the funds. This not only smart but also a highly encouraging making sure you don’t end up having to fund all the time and waste your money and lose your courage.

 

XtreamForex Risk Management Tips:

  • Try Demo/Practice account.
  • Daily watch the news.
  • Stay updated with current and upcoming Economic events.
  • Open trade with small Lot size.
  • Correlations – increasing risk unknowingly.
  • Always set your stop loss and take profit.

For more detail visit here:https://xtreamforex.com

 



#137 xtreamforex.com

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Posted 03 October 2019 - 05:20 AM

Currency and Commodity Trading Correlation

 

Online trading is the biggest industry of today’s world. Forex trading alone moves trillions of dollars daily affecting whole economies. To trade Forex traders open an account with a Forex company and trade on currency pairs, but all Forex companies don’t only offer currencies for trading, almost all companies also offer commodities.

 

 

Commodities have been trading in one form or another since the beginning of civilization. Commodities are pretty much anything which can be delivered from point A to point B, and exists on an exchange.

 

 

Commodities are bought with currencies in the physical world, but through online trading they are treated the same as currencies, with bets being placed on their movements through Forex, Binary Options and stock exchange futures.

 

 

What some people may not pay attention to is the heavy affect each has on the other. Currencies are very heavily tied with commodities and the other way around. The Canadian dollar for example is directly correlated to oil prices due to exporting oil, so is the Japanese yen because Japan imports oil.

 

 

The Australian dollar and New Zealand dollar not only affect each other, but they are both correlated to gold and oil prices.

Unexpected changes in the ties between currencies and commodities can have a huge impact on traders who trade based on these relations.

 

 

For online traders there isn’t a huge difference between commodities and currencies, they all represent a virtual product around which trades take place.

 

 

If you are a beginner in Forex and don’t know how to trade like a pro then Join cutting-edge Copy Trading Programme with Best Forex Broker and match up with a suitable trader. Let them trade while you watch your potential profits grow.

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#138 xtreamforex.com

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Posted 08 October 2019 - 07:31 AM

Dealing with Forex Customer Support

 

The mediator between you and your Forex account is your account manager, and the company's customer support team, here are insider tips on how to deal with customer support while trading with a company for an easy and pleasant process.

 

Opening an Account

 

When you first decide to open an account with a company, it is your chance to ask about the company and get to know it. The person you will be contacting is getting paid to introduce you to the company and make you feel comfortable. You should feel free to ask anything you need to call at any time and expect your questions answered. You should not feel guilty or uncomfortable for ''bothering'' the good people at the company for it is their job to help you.

 

You in turn should also be honest and helpful. If you are asked to provide documents you should make sure you have provided your documents before expecting your account to be open, and if the company specifies that it takes 24 or 48 hours for a procedure to take place, then you should be patient and not call to ask if something is done when the specified time hasn't passed, and lastly and most importantly if you decide that you do not wish to trade with the company after all then be honest and inform the person you are speaking with that you are no longer interested so they can stop bothering you and focus on other clients.

 

During Trading

 

When you have become a client of the company it is good to establish a friendly and comfortable relationship with your account manager. They want to be comfortable talking with you when any changes happen, or with advice and you want to feel comfortable reaching out to them when you need them, so it always helps to be friendly and nice but also stick to business talk during phone calls keeping in mind that your account manager is probably very busy with many clients and even if they'd like to have a chat with you they can't afford the time.

 

What not to ask

 

Although you should feel free to ask any questions to your account manager just remember that it is not their job to teach you Forex trading or any form of trading. If you are a complete new comer you can ask them to refer you to Forex education programs that the company or other web sites may offer.

Also remember that your account manager is by law not allowed to give you trading advice. If he/she does that they are liable to being sued if they give you the wrong advice and you lose your trade. Unless your account manager is licensed by a Forex regulatory authority to give trading advice then you cannot expect them to give you any.

 

Closing an Account

 

 

Whether you've been trading for a week or a year with a company if you get to the point where you've chosen to close down your account, you should be straight forward and inform your account manager. If you try to go around it you will have to face the worry of receiving another phone call asking if you will deposit, and your account manager will waste a lot of time trying to reach out to you believing you will eventually deposit.

 

Connect with XtreamForex and make Trading strong. Our whole committed to provide superior Forex trading services with excellent results. 

 



#139 xtreamforex.com

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Posted 15 October 2019 - 04:46 AM

Forex Hedging

 

When trading, all traders are trying to find the best way to minimize risk and increase profits, one way of doing that is through hedging.

 

Hedging is when the same trader opens two positions in the opposing directions. So the same trader will open one position going long on a currency pair, and another position going short on a currency pair.

 

 

While both positions are open the profit is at zero, but once traders decide the right time to close one or the other then they are ready to go either way (selling or buying) to make the profit.

 

 

Hedging is done mainly in foreign exchange trading, because it is flexible and allows the trader the right but not the obligation to buy or sell the currency pair at a particular exchange rate when the time feels right.

 

 

When traders choose to hedge they need to analyse the risk of their hedge, and the types of risk they are taking in the position they are opening, and if it is high or low. Then they need to decide how much they are willing to risk, decide on the most effective strategy and then implement and monitor the position.

 

 

There are different types of hedging, some much more complex than just direct hedging, and traders can take other approaches when necessary.

 

Some brokers do not allow direct hedging.

 

About XtreamForex

 

XtreamForex is one of the most reputable Forex and commodity Broker Company.  XtreamForex Is provides superior forex trading services to all clients. Our company's vision is to grow to be a leading and reliable broker that takes pride in offering the most professional pricing and services to Forex Traders. We are building towards a successful, bright and secure future for our company and are committed to build long-term relationships with our clients.

 

 

 



#140 xtreamforex.com

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Posted 18 October 2019 - 08:43 AM

Forex Scalping

 

Traders use many different forms of trading which they feel the most comfortable at, and help them make the best profits they can. Each trader depending on their strong points can find themselves working better and earning more when using a the method which suits them best.

Scalping is a well-known and commonly used form of trading which suits trader who wants to make large numbers of trades earning small profits each time. This happens by opening a trade, buying a currency pair, and closing it as soon as the smallest profit is made – usually between 3 to five minutes - completely evading risk even if the profit is too small to make a difference.

 

The main base of scalping is to make a lot of trades daily – can be up to over a hundred a day – and aim on never losing any money through those trades, but steadily keeps making small profit among small profit slowly building up a larger account.

 

The downside of scalping is that it requires large amounts of deposit, to be able to handle the amount of leverage which must be taken to make the short and small trades worthy. It also demands a lot more attention, as none of the positions can be losses, otherwise the other small trades will be imbalanced by losses and therefore become entirely useless. It takes clear and attentive concentration skills to achieve that.

 

Of course needless to say, Scalping is time consuming, and would take a trader who can commit to trading for hours on a daily basis in order to keep building up from the small profits made with each trade, therefore it would be very hard to keep up as a scalper if one is not already a full time trader.

Based on all these facts it makes sense to say that scalping is not for everybody. It is mainly popular due to the fact that it is technically risk free, because even when a loss is made it is small, and over time it depends on no losses being made, but no big profits either. A constant scalper would choose a safely earned small amount over the risk of a great profit opportunity. 

 

An important aspect of scalping is to always keep consistency in trade sizes, if a trader uses erratic trade sizes while scalping; they are bound to lose a lot of money. If random sizes are chosen it is most likely that an oversized, leveraged loss will erase all the profits of a day’s work, defeating the whole principle of scalping. All trade sizes must be the same, making the amount of losses and gains equal, therefore keeping the trading strategy balanced.

It is also important to mention that scalping is a popular method to be applied on automated trading programs, due to the fact that it is time consuming and needs very specific and accurate decisions which can be very easily effected by emotions like excitement or greed.

 

The way programs work is by trades being placed through the trading day and the system is based on a set of signals derived from technical analysis charting tools that create a buy or sell decision, at the points which the trader has programmed to indicate the right buy or sell conditions.

 

Many people find scalping through programs effective and doable, because it does not require their immediate presence, or their constant attention.

Over all, to become a good scalper, attention, concentration and time are needed, with a lot of practice, and having the intuition to pull out at the right time, even when the profits are too small to seem worthy.

 

Visit us: https://www.xtreamforex.com/

 






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