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5 Benefits of the Free Forex Demo Account

While business provides unlimited possibilities of profiting, risks are also likely. Trading through online platforms such as Forex market is no odd to this rule as poor business strategy and lacking knowledge may send you into deep financial troubles. However, as a new Forex trader, there is a perfect way of familiarizing yourself with various…

Free $100 Forex No-Deposit Bonus

While business provides unlimited possibilities of profiting, risks are also likely. Trading through online platforms such as Forex market is no odd to this rule as poor business strategy and lacking knowledge may send you into deep financial troubles. However, as a new Forex trader, there is a perfect way of familiarizing yourself with various trading aspects in Forex without losing your money.

Forex demo account is an online trading practice account that not only provides a simulated risk-free trading environment but also gives the new investor trading experience.

With Forex demo account you will be able to access exclusive trading tools for free. Whether you want to test your trading strategy, place an order, manage existing trade positions or even networking with different brokers, then the free demo account will give you all this services freely.

Benefits of Forex Demo Account

As a new trader or beginner in Forex trading platform, it is highly advisable to test you trading skills through a Forex demo account before investing real cash in live accounts.

There are various benefits of having a forex demo account and we have discussed them in details below. Sit back, take you coffee and as we begin our count.

1. Tests your trading strategy

Demo account helps a trader to develop, improve or optimize trading skills. How is this achieved? It is pretty simple. Let us take an experienced Forex trader with a reputation of profits gains. Such traders do have some secret which has enabled him or her stay strong in the market. This secret is what we refer to as a strategy.

While you think you have some good business strategy, it is highly recommended you first put your practice in a risk free trading environment preferably the Demo account . Traders can do all the tweaking, variation or testing of strategies without losing money.

Also read: Practice Online Currency Trading with a Forex No-Deposit Bonus

2. Risk management

Business is a no child play and risks are real. The forex trade risks are the financial loses that do happen due to various market factors. While some of these risks may be due to natural factors, others may be due to common mistakes done by traders and thus may be avoided.

Not that all traders who venture into Forex will meet there expectations, in fact a very small percentage of investors will make or surpass their expectations.

With the Demo account, the likelihood of facing such risks is minimized. For instance, you will learn through the demo account that assets, money streams and liabilities are greatly influenced by the exchange rates and thus when you put live cash into the platform you can be keen on such matters.

Also Read: 10 Best Money Management Tips for Forex Trading

Some traders will be emotional when they are dragged into a loss and they may fail to try to learn where they went wrong and instead they take all remaining amount and put into the investment. With Demo account you will be able to learn how to control emotions in real account.

3. Free trading

Opening a demo account is absolutely free. As if that is not enough, operating this account is also absolutely free. You can do virtual trading and test your trading practices while monitoring your performance. The cash you use in the Demo account are virtual dollars.

Some Forex traders will feed data from their live accounts into virtual accounts hence you will be given that feeling of real trading environment. You will also familiarize with different aspects of trading.

4. Offers a variety of news feeds

Fundamental factors do change every time in the forex market and thus a good trader should always have the latest news on the market performance. Amazingly, Forex demo account provides a range of news feed from professional sites that include Reuters, Associated Press and Bloomberg.Access to such sites improves your trading techniques before venturing into the live accounts.

5. Networking with different Brokers

Demo account gives you an opportunity to interact and meet different brokers. You can test as many top rated forex brokers as you wish.

It is advisable that while in Demo account, try to find a broker whom you will be with in the live accounts so that Despite the new factors such as spreads/swaps and order levels in the live account, the trading condition will remain the same as you will be familiar with your broker.

In summary, the free Demo accounts in the Forex offer a good chance for the new traders to test their skills. You can make mistakes but your money will not be lost.

Traders who begin from the Demo Account will always perform execellently once in the market.

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CMStrader Signals provider, the number 1 signal provider 4 years in a row

CMStrader Signals provider, the number 1 signal provider 4 years in a row.

CMStrader, the number 1 signal provider 4 years in a row, is now offering free signals to new clients!  Reliable trading tools are fundamental part of successful trading.

cmstrader for the Best Trading Signals

cmstrader for the Best Trading Signals

 

CMStrader’s signals success rate is estimated in 91% this should be enough to take a look and decide for yourself. since this is their biggest feature and drives this broker towards success, it is opretty afe to say that they do their utmost to provide you with quality forex signals.

This broker also entered the cryptocurrency market and offers several cryptocurrencies.  in short they act on the market and engage their clients directly.

when you start trading at CMSTrader, you can choose from a extended list of currencies, indices, commodities, gold and oil.

CMStrader Signals for better Trading

CMSTrader sends trading signals to traders’ accounts when there is an opportunity to buy or sell orders at specific points; an overview of the speculated price or loss ratio is included.

CMStrader Signals the number 1 signal provider among brokers

CMStrader Signals the number 1 signal provider among brokers

The signals are sent directly via SMS to a cellphone for major currencies traded on the stock exchange, foreign goods and precious metals.

In addition, signals can be sent to an e-mail address and or traders can be notified directly over the phone.  This service is available 24/5.

Like with Most proper signal services don’t expect 50 signals a day as simply there are not that many. you will get maybe a few good ones a day on which you could and most of the time should act.

Earn profits with CMStrader Signals in the forex market – the biggest trading scene in the world. Enjoy our unique benefits, trading education, minimum margin and best leverage! Start with a demo account and enter the amazing world of forex with CMStrader.

More about CMStrader Signals & Forex Broker

  • Name :CMSTrader
  • Website :cmstrader.com
  • Established :2013
  • Regulation :FSP
  • Country :United Kingdom
  • U.S. Clients Allowed ?  :No

CMSTrader is a leading investment advisor specializing in personal wealth management and growth and is a somewhat a newcomer to the Forex market.

they started in 2013 and since then have won several awards 2 including one for having best customer service in 2013.

CMSTrader “CMStrader Signals” is authorized under the name of CMS Ventures Limited which is a New Zealand Registered Financial Service Provider (FSP).

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Daily Financial News

Supreme Court Sides With Bits of Gold in Bank Dispute

Supreme Court Sides With Bitcoin Broker “Bits of Gold” in Israeli Bank Dispute

Upon appeal, the Israeli Supreme Court has rejected the closure of Bits of Gold’s banking facilities at Leumi bank, Tel Aviv.

The Israeli cryptocurrency brokerage’s appeal followed a previous ruling against it that has now been set aside by the higher court.

As Israel and many other countries struggle with the accelerated phenomenon of virtual currencies, Leumi Bank recently made the news for being a particularly blunt in its rejection of Bitcoin.

We should of course not be surprised with the banks attitude towards bitcoin or any other cryptocurrency for that matter. keep in mind that the banks become more and more obsolete because of them. Bits of gold versus leumi

They will keep on loosing money which now they make with ridiculous commissions of work that is fully automated. so they will try to see how they are able to make the operation and acquiring cryptos  as hard as possible knowing that they will never be able to stop them.

There is widespread anticipation that the upcoming G20 Summit in March 2018 will produce a global, moderate framework for a regulatory approach. Set against that are persistent hostile stances the world over from banks, asset managers and even governments towards cryptocurrencies.

Now that the countries understand there is money to be made with Taxation in cryptocurrencies they might want to make sure that the banks stay within their lane. 

Apart from the Israeli revenue service opting to tax cryptocurrency assets as “properties” and other more positive developments dating back to mid-2017, Israel remains a strange mix of genteel acceptance alongside wildly opposing voices.

There is thus Hope But no decision

Bits of Gold has fought a David and Goliath battle since their banker decided it wanted to steer clear of all cryptocurrency-related business.

On record as recently telling another bitcoin-related trader that they simply don’t want the business, Leumi Bank’s hard-line stance is accumulating bad press. The second-largest bank in Israel appears as discriminatory when analyzing virtual currency traders and other digital coin businesses.

During 2017, a customer made a bank transfer to the Kraken exchange site for buying bitcoin worth $1000. The bank identified the request, halted it, and started investigating.

The elated CEO of Bits of Gold, Youval Rouach said that “The court’s decision enables us to focus on the growth of the Israeli cryptocurrency community.”

 

The February 26 Supreme Court ruling granted Bits of Gold a temporary injunction against their account closure pending further scrutiny by the bank and other parties. The presiding bench declared that the company had “acted transparently and did not violate any provision of law.”

Calling the bank’s concerns “speculative” and turning an unsympathetic ear to the plaintiff, the ruling does, however, allow for the bank to still close the account on any small technical detail that defies legislation. As a record of a public spat around cryptocurrency’s right to be recognized in many ways, the ruling is seen as a victory for the local cryptocurrency community.

One Small Step Forward

Although not as absolute as nations like China that has opted for draconian bans, Israel is a front line for digital coins’ right not just to exist, but also become assets in the true sense of the word. The Supreme Court noted in its written ruling that Bits of Gold had not made itself guilty of the violation of any standing laws since opening its doors for business.

 

The Bits of Gold v. Leumi Bank case might become something of a test case once the bank applies its mind in scrutinizing the company’s accounts against the backdrop of existing legislation. The outcome will also be informed by sentiment post the G20 Summit due in March as well as other global regulatory trends.

Now that the countries understand there is money to be made with Taxation in cryptocurrencies they might want to make sure that the banks stay within their lane.

This was First Published by coindesk

 

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Daily Financial News

easyMarkets launches Ethereum and Ripple.

easyMarkets launches the crypto-markets’ best kept secret – Ethereum and Ripple.

The crypto markets are the new frontier of trading, we have seen unprecedented movement – from astonishing peaks to abrupt crashes – behaviors and easyMarkets launches Ethereum and Ripple.movements no other instrument experiences or has experienced previously.

Bitcoin was immensely popular when we introduced it to our customers in 2017. After closely following the innovative cryptocurrency markets we found two more immensely interesting (but less visible) cryptos to add to our offerings – Ethereum and Ripple.

easyMarkets launches Ethereum and Ripple.

Ethereum is a blockchain based cryptocurrency like Bitcoin, whereas Ripple is a cryptocurrency payment protocol, touted as a solution to perform payments for institutional clients. Although Bitcoin was undeniably the markets’ star in 2017 – these two crypto-counterparts had equally impressive movements.

Ripple towards the end of 2017 had a notable 33014% overall climb with a market cap of $83.6 Billion. This was assisted by Ripple’s collaboration with institutional users like American Express.

Ethereum had climbed an astounding 8,885% from the beginning of 2017 until the end of that year with a respectable market cap of 69.3 billion. Purely as a cryptocurrency it seemed to even outdo its forefather – Bitcoin – by completing transactions quicker and more effectively.

they have also lowered our spreads on Bitcoin!

Of course, all of their cryptocurrencies include easyMarkets great trading conditions:

Trading Conditions

  • There’s  zero slippage on the easyMarkets web platform meaning your Ripple trades will be executed at the price you see on your screen.
  • You can trade Ripple during its most active times, around the clock, five days a week.
  • They got you covered with an in-depth eBook and plenty of other trading education resources.
  • Make sure you have an exit plan in place by taking advantage of our 100% guaranteed Stop Loss and Take Profit.
  • They cover your deposit and withdrawal fees, so that the amount you deposit or withdraw is the amount you receive.
  • Negative Balance Protection means you can never lose more than you invest when you trade Ripple CFDs at easyMarkets.
 easyMarkets launches Ethereum and Ripple.
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