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All you need to know about forex brokers

The simplest way to describe how it works is that different currencies are exchanged against one another in pairs. For instance, people trading between Euros and US dollars will be familiar with the EUR/USD pair.

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The Foreign Exchange has long been used to trade in currencies. Due to its expansive reach and the nature of its trading, this is easily one of the most liquid markets on the planet.

The simplest way to describe how it works is that different currencies are exchanged against one another in pairs. For instance, people trading between Euros and US dollars will be familiar with the EUR/USD pair.

The forex is a lot more complicated in reality. It takes a lot of knowledge, foresight, and careful decision making in order to thrive in this market. It provides people with a platform for exchanging currency. It can be used for simply converting your money from one currency to another. It can also be used as a place where you can invest your cash and make profits on it. The complex nature of the forex means that not everyone can trade on it. This is why forex brokers exist. These parties act as middle agents; they have the experience needed for navigating the platform.

Trading on the forex has become simpler thanks to technological advancements. We now have a host of tools that simplify things for us. The biggest technological leap in forex trading was when forex brokers became digital. We now have the option to trade through broker software. This software shields the user from a lot of complexity involved in the forex. Brokerage platforms such as the FXPrimus are really making forex trading more accessible for everyone. You can check out this FXPrimus review to learn more about this typical platform.

Anyone who is looking to get into forex trading is going to start off with a broker platform. It provides a gateway for people who are new to this complex market. so, if you are thinking of trying your hand at trading currencies, you should start by familiarizing yourself with forex broker platforms.

What Are Forex Broker Platforms?

Like we mentioned above, these platforms act as middle agents. They act as a bridge between a trader and the market. Modern broker platforms are capable of doing this in a number of ways. They offer various features that make the trading process simpler and also safer for you. Guiding a trader and helping them make profitable decisions is one of the major responsibilities of a broker.

Forex brokers are compulsory. Traders don’t have the option to bypass them and interact directly with the market. whether you are a beginner or an expert trader, you will need a broker. However, this does not mean that experts don’t get to enjoy a few perks. As you become more knowledgeable about how the market works, you can begin using platforms that give you more liberty. These platforms do lesser handholding. This creates an environment with greater rewards but also greater risks.

How to Pick a Forex Broker?

The broker that you choose will have a major impact on shaping your trading experience. You can find a lot of different options out there. Every broker has its own rules and regulations that determine how you can trade.

People who are getting into trading now are quite lucky. This is thanks to the fact that the broker market is finally being regulated. A few years ago, forex brokers weren’t regulated in any way and shady broker platforms were running rampant nowadays, things have become tamer. Still, there are certain brokers out there that should be avoided.

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The best way to tell apart reputable brokers is to verify their credibility. This can be done with the help of the National Futures Association. The NFA tracks brokers and keeps tabs on their reputation. You can also verify brokers by checking whether they are regulated by US authorities. These two checks are all you need to tell whether a broker is legit or not.

Once you have established the legitimacy of a broker platform, you can begin comparing the trading environment offered by different brokers. Remember, beginner friendly brokers will do a lot of handholding. This minimizes the risks of you bearing hefty losses. But at the same time, it also restricts your ability to make money. However, you shouldn’t try and skip to more complex platforms without experience. Ending up with a massive negative balance is not hard at all when you’re trading without knowing what you are doing.

Setting Up Your Account

Once you have found a broker that you like, you will have to set up your account with them. Opening an account with a broker is quite similar to opening an account at a bank. You will have to go through paperwork and also verify your identity. Opening up your account can take a handful of days.

If you aren’t sure whether you want to stick with the broker you have chosen, you can go for a demo account instead. This will allow you to test the broker without having to go through a load of paperwork. Demo accounts are faster to set up and require less information about you as well. You can use this account to see how the platform operates and then decide whether you want to stick with the platform or not.

Conclusion

The Forex is a really complex marketplace. It can be a great place for enjoying profits if you know what you’re doing. However, it can also be the perfect place to lose a lot of money. Since the forex is so complicated, it takes time to get a hang of how it works.

Trading on the forex must take place through a broker. There are loads of broker platforms out there and they all make trading simpler. Your broker will play a major role in shaping your trader experience.

Once you have picked the right broker, you will have to set up your account. After all of that has been taken care of, you can begin trading. The more experience you will gain, the more profit you will be able to make from your trades.

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Statements about Cryptocurrency

Statements about Cryptocurrency

Cryptocurrencies are in a bubble and regulators could burst this at a whim.

  • Eight years after the introduction of Bitcoin, there are now over 900 cryptocurrencies and their prices are at all-time highs.
  • Richard Schiller categorizes bubbles as an underlying story driving the market forward, as opposed to the fundamentals of the assets. Cryptocurrencies are riding on a narrative of economic empowerment and freedom.
  • Despite the widespread attention that cryptocurrency receive, many of the actors involved in the market are not fully informed. Debate tends to turn to hype and naive investors are buying crypto-assets without fully understanding what they are.
  • Banks spend 73% of the market capitalization of Bitcoin each year on regulatory compliance. Crypto-assets are currently unregulated and free of these restrictions. As such, the market has thrived but also developed some bad habits.
  • Regulators cannot necessarily shut down cryptocurrencies, but they can restrict liquidity into them from fiat currencies and hamper their growth. The global derivatives market, for example, is worth $1.2 quadrillion, dwarfing Bitcoin’s $100 billion market cap.

Statements about Cryptocurrency

Market manipulations in crypto markets are undermining their credibility.

  • Due to low liquidity, no regulation, and a lack of clear understanding of the markets, pump and dumps are widespread in crypto markets. This is where a speculator can artificially sell while concurrently buying their own currency, wait for the market to rise, and then dump their holdings.
  • Frontrunning is also a common occurrence in ICOs, where early investors—who are used to show initial faith in the enterprise—buy discounted tokens before immediately selling them on.

As with historic bubbles, scams are exploiting naive investors.

ICOs can have the characteristics of vaporware. Entrepreneurs are raising hundred of millions of dollars purely on concepts. Money is being raised from investors who do not truly understand the technical concepts being proposed to them, let alone whether they are feasible.

  • The actual asset structures of ICOs are not only complex but also new forms of assets in their own right. This further confuses investors, which is compounded by the “FOMO” mentality of rushing into investments and following the crowd.
  • The use of celebrities to promote ICOs further demonstrates the use of manipulative marketing techniques used to cajole immature investors into participating in ICOs.
  • The current ICO craze is reminiscent of the South Sea Bubble of the 18th century, a speculatory period that involved crazed investment into enterprises in the New World. Once one of the highest valued companies of all time, the South Sea Company’s bubble burst and the company disappeared almost as quickly as it appeared.

Blockchains are still not proven technology, and more work is required.

  • Blockchains are still new concepts and their technology has not yet been proven on a consumer-wide scale. Attention should be focused on developing this, not speculating on short-termist projects.
  • The security of blockchains is a concept that most investors in crypto-assets do not understand. The onus is on them to protect their assets, which, on the basis of the amount of thefts and frauds in the space, is not being done properly.

There are some solutions to these issues.

  • A less polarized mentality of “us against the world” is needed; this could be enforced by the promotion of self-regulatory standards. These could also help to highlight the bad actors in the ecosystem.
  • More development is required into the underlying technology of blockchains. In the long run, this would be far more valuable than ICO moon-shot projects.
  • Awareness and discussion needs to be promoted. Conferences should present balanced debates from both sides of the crypto-view and more emphasis should be placed on educating investors instead of soliciting their investments.

Originally Published here at https://www.toptal.com

Statements about Cryptocurrency

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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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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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