Anne Morris Posted January 29, 2017 Share Posted January 29, 2017 Common notion on forex traders: Forex is a common business term which involves traders trading the currencies of various counties. It is generally understood by a common man that when a person trades in a forex market, he/she is supposed to be exceptional in his/her studies, must have a superb IQ and is academically successful. Whenever we hear the financial jargons like liquidity ratio, inflation etc., our memories run back to the college days when we used to attend the boring and uninteresting economic lecture. These are all just preconceived notions. OctaFx broker feels that forex market is not meant exclusively for the super intelligent group of nerds alone. Forex market trading- then and now: In the earlier days, forex market was not open for all the individual investors. For trading in the currencies of different countries in the forex market, one had to be either a big financial institution with large capital whose primary business activity was dealing in currencies and foreign exchange or a banking institution with huge amount of cash and several assets under their belt. But in today’s technological world, a person willing to enter the forex trade is not required to invest huge capital. OctaFx broker recommends that a sum in few hundreds or thousand dollars can be the investing capital to get started in the spectacular world of forex trade. Analysis and ideas to trade in forex market: According to OctaFx broker, in every field certain amount of study and analysis is to be done, for succeeding in the trade. Even in forex market, a trader has to study different scenarios, plan certain strategies for making the best of the current trading situation. There is no single stereotype strategy for all the situations. The trends of the past have to be studied and correlated with the present market trend to formulate efficient and effective strategies. The details and analysis of trends can be procured from several forex trading websites or even the forex brokers like OctaFx broker can help the traders by providing the requires analysis and data. Thus, forex market is not only for the geeks but for everyone who puts in the bits of their brains and does a thorough and complete research of the market. Advantages of forex trade: There are several advantages of trading in a forex market. · The first and foremost is that the market is open for 24 hours, on all the 5 days a week. This means the market functions round the clock. Anyone can enter and trade in the market at any point of time. The market certainly responds to the trade. · There is no centralised foreign exchange procedure as such, in the forex market. All the trade interaction is done directly by the traders over the virtual network or on telephone. · Every shrewd investor can turn the market fluctuations to his/her own advantage and earn huge profits. Conclusion: As per OctaFx broker, the entry into the forex market is easy, the sustenance and success depends upon the efforts put in by the investor. Quote Link to comment Share on other sites More sharing options...
Norm O'Neill Posted February 3, 2017 Share Posted February 3, 2017 I am also working with OctaFX and they are truly high class for all reasons. As we can really enjoy things here with having 100% safety due to them been regulated plus a true ECN and that too an award winning one, so I feel absolutely cool working with them and it helps me out with performance in major way. I also like it to do with the steady spreads from 0.1 pips while there is smooth trading platform where I have no worries over slippage! Quote Link to comment Share on other sites More sharing options...
bearhugs Posted February 11, 2017 Share Posted February 11, 2017 Few brokers are always going to be great as per the service they are providing but finding them is always difficult. But forums are always helpful to find reputed broker. There are so many websites which are useful to get idea about regular broker. Quote Link to comment Share on other sites More sharing options...
radex78 Posted February 11, 2017 Share Posted February 11, 2017 Yes now forex is not only for big trader or hedge funds trader, but already opened for retail trader and now so many broker established on forex business to giving service for trader that want to making money through forex, but indeed not all broker is reliable as trader also need make research before investing money Quote Link to comment Share on other sites More sharing options...
aliforex Posted February 14, 2017 Share Posted February 14, 2017 Yes now forex is not only for big trader or hedge funds trader, but already opened for retail trader and now so many broker established on forex business to giving service for trader that want to making money through forex, but indeed not all broker is reliable as trader also need make research before investing money therefore traders should be able to understand and observe any workings broker, we are able to assess the service and pasilitas given to us when executing trades her, apakaha can give good policy and able to be utilized properly, so they can help us in trading and profit easily Quote Link to comment Share on other sites More sharing options...
gaban Posted February 16, 2017 Share Posted February 16, 2017 therefore traders should be able to understand and observe any workings broker, we are able to assess the service and pasilitas given to us when executing trades her, apakaha can give good policy and able to be utilized properly, so they can help us in trading and profit easily I agree, before we can do in the running trades it must look first in the broker believes what the least, and I always to be trying to learn well in utilizing the facility that has been provided by the broker in practice how good forex trading in the running Quote Link to comment Share on other sites More sharing options...
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