Nov
26
The best forex trading tips
Posted in Forex Tips.
Why do hundreds of thousands online traders and investors trade the forex market every day, and how do they make money doing it?
No Comment
Archive for November, 2011
Nov
21
There are few important criteria you need to list out when you want to choose a forex broker.
- Which jurisdiction are you in?
- Is the forex broker regulated?
- Which platform are you familiar with?
- How much do you plan to invest?
- Forex Tax issue need to be considered?
- Is the broker an IB or a dealer?
- Read more…
Nov
14
It was Europe just about all the time once again last week as markets moved to the cadence of the political machinations in Greece, Italy and the EU. After what seemed like inertia in Greece and Italy concerning their respective political leadership, both countries moved to replace their prime ministers. In Greece after several days of dithering, missed deadlines and public and private outrage, there finally is a new prime minister. On November 10th, Lucas Papademos, a former vice president of the European Central Bank, was named to replace George Papandreou, who had pledged to stand down four days earlier. Mr Papademos, an academic economist and a member of no political party, has the reputation that is reassuring to Greece’s bailout partners. His financial expertise should prove useful when it comes to implementing the complexities of the agreements reached with the EU and IMF.
Nov
02
Light years ago, in a galaxy far, far away…. financial institutions, banks and international monetary funds were the only participants in the trading of foreign exchange instruments.
Thats a fancy way of saying forex!
Forex brokers at the retail level did not exist because these institutions monopolized the foreign exchange due to their abilities to have access to information and data that allowed them to hedge their interests and profit from the monetary policy that the average investor could not get to very easily. This, combined with government regulations and the huge volume required in trades to maintain adequate liquidity, prohibited the small speculator from participating.
Nov
02
Forex broker is an intermediary between a trader and a currency market. Retail trading isn’t possible with Forex brokerage. Finding the right Forex broker among hundreds of the online firms isn’t an easy task. That’s why you need to inform yourself on the specific broker that you will want to work with and collect important information on certain aspects.
The first question you have to ask yourself is: is the broker I want to use regulated? There must be no doubt about this first point. All regulated brokers must submit financial reports to regulatory authorities, and when they fail to do it, authorities have the right to fine them or terminate their membership. This enforces Forex brokers to keep transparent financial reports.
The brokers must be regulated by their local regulatory authorities, for instance, for brokers based in the US, they must be regulated by the NFA (National Futures Association) and CFTC (Commodity Futures Trading Commission), Swiss based brokers must be regulated by the FDF (Swiss Federal Department of Finance) and so on.
