If you think about it, banks control almost every dollar that is spent in the world. Cash is a dying payment method being replaced with the tap of a phone, swipe of a magnet, and push of a button on an app Each of those pulls the money from your bank and puts it into someone else's. Even on payday, unless you’re working under the table for a nice cash gig or serving food for tips, your main income is a paycheck you put in the bank or an electronic transfer of funds. But, what do banks have to do with FOREX?
If printing a ton of money causes hyperinflation and devalues money and amount of money is pretty static for all countries, how can you make money trading and investing in money? Forex trading has the great opportunity to trade 24 hours a day and five days a week (opens late Sunday but remains open until closing early Friday balancing out to approximately five days). And there's also a bit more to the world money flow than the ‘all countries have a set amount of currency’ idea. So, how exactly is money made by investing in money?
Trading FOREX has many benefits to it. It offers great flexibility, low start-up, great earning potentials, and more. Companies like Trader on the Street make it their business to demonstrate just how powerful FOREX trading can be. With the right startup and a good development of basic trading strategies, trading FOREX can be one of the most rewarding paths one can take.
Have you ever been trading around 5 PM eastern time and had your platform freeze up? Or have you triggered stop losses due to astronomical spreads? Welcome to daily maintenance!! Daily maintenance is something every trader has probably experienced, even if they may not have realized it. If you trade for Apiary, it is at 5:00-5:09 PM Eastern Time. And if you've never looked like the guy below during that time, you're one of the luck ones...
Margin and Free Margin are standard FOREX jargon you'll hear thrown around. But what do they mean and how do they effect you? Lets start with your leverage:
Working towards a hefty goal becomes a lot easier once you see real examples of people who have attained a similar one. I'm excited to present a great example to you today! Jim Davis recently stepped into the first funded level of Beeline to Funding and I had the pleasure of hearing his story--his struggles, triumphs, strategy, and more.
As we've mentioned before, capital is the life blood of your trading account. The Forex account types you trade will affect how you first protect, and then grow that capital. A trader wishing to open a new account can generally choose between 3 types of Forex accounts: Standard, Mini, and Micro (Nano). These accounts differ in provided leverage, and, depending on the broker, different minimum deposits required to open that account.
Lots of investors prefer different markets for lots of reasons. There’s not really a single answer for why any market is better than another, but today I thought I’d share three advantages of the Forex market:
With Christmas behind us, most people are turning their attention towards the new year. Many will make New Year resolutions to better themselves and their families. Others, to visit or experience new things. If one or more of your New Year resolutions for 2017 are financial related, we encourage you to consider seven possible resolutions to help you avoid your own personal fiscal cliff.
7 Financial New Year Resolutions:
When it comes to trading foreign currency, most investors have at least heard of the two main camps that most forex brokers fall into. There are Electronic Communications Networks (ECNs) and Market Makers. Let me begin by first introducing each of these.