But several incidents in recent weeks make it clear that all too often, companies have a hard time acting ethically when that gets in the way of making more money.
You must have heard of training for Forex trading as that gives you all the requisite technical knowledge for successful Forex Trading. However, not many of us are aware of the training our minds before getting into Forex Trading. Yes, it’s true! Just like psychological training before a baseball match or soccer tournament, you need to train your mind before getting into Forex trading.
Interesting. “If you have to ask”, chances are you have ways to go. Don’t get us wrong, we realize that, since there's no fame or glory in successful trading, there’s only money. And making money is what you ultimately want from it. And if you want money, you want it fast, you want it soon and you crave lots of it.
If you look at a particular trade and study it by example, it’s better to do it directly on your computer screen with a training account. You can just look at your buy-line, look at your stop loss (on most platforms, certainly on xStation, you drag both lines onto a comfortable level of SL/TP and see your potential gains or losses in pips and colors - very convenient) and see the way your trade is going, and realize how badly or how well you are going to do if you place that line in a different spot - all with real securities and in real time.
When people first start to trade they tend to focus on binary options and the reason is simple: they’re a lot of fun. Picking out binary stocks in the morning and watching them go nowhere but up all day really lifts one’s spirits. Sure, “bins” are fun but the way to make real money is Forex or Foreign Exchange where you’re not only trading currencies, in time you’re going to be trading almost everything there is to trade - commodities, CFDs etc.
What a tough week for traders! They say: earnings reports season. Well, it’s good in most cases. U.S. indices even posted all-time highs on Thursday and Friday. Some bulls talk about continuation of a strong trend, some analysts started to post long articles convincing traders that we are heading into a new bubble forming in stocks.
So, it’s official: you’ve decided to up your game and start your own Brokerage. We’re assuming that you’ve done some trading already and realize that if learning to trade was tough, becoming a broker is going to be tougher. In fact, it’s going to be a major pain in the butt - it’s cumbersome, it’s risky, it’s a bit of a legal nightmare and it’s expensive. You may now start to worry but don’t despair. If your decision is solid and serious, ForexOfficials will help you plot your way to the top. Here is what you need to know:
It’s official that the last twenty years have been good to those who wanted to try their chops at online investing. Gone are the times when Wall street alone could make or break markets. You no longer have to rely on the services of a stock broker, the “third rail”, who’d place orders on your behalf and collect commissions regardless, whether you make or lose money. Remember the timeless “Trading Places”? Well, forget it. Nowadays you are the only one to blame or praise for your balance sheet.