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Selecting a Forex brokers is a real challenge, check day to day happenings that one should keep in mind. Check it out http://www.readyforex.com/Forex-Brokers.php
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Flow of Presentation
• Success Rate in Forex Trading
• Forex Trading Education
• Frequency of Trades
• Dealing Desk
• Term about Trade Execution
• Variable Spread
The presentation is brought by www.readyforex.com/Forex-Brokers.php
Success Rate in Forex Trading
90% of every Forex account opened,closed down in first 3 to 6 months. Sothis means only 10% of retail Forexbrokers actually makes profit.
This means one should have
some kind of business plan in
advance before going for live
Forex trading to improve success
rate.
The presentation is brought by www.readyforex.com/Forex-Brokers.php
Forex Trading Education
• Mostly Forex brokers gives little or basic knowledge about Forex trading and encourage Traders / Users to open Real Forex Trading Account. As little information is actually dangerous and leads to devil home.
• Going towards margin Call is very normal for a new user and it all happen due to lack of knowledge, which ultimately results in lack of interest of Traders from the real exciting world of Forex Trading.
The presentation is brought by www.readyforex.com/Forex-Brokers.php
Frequency of Trades
• The more trades you placed the more money you will lose, which means one need to select a better trading opportunity for profit making.
• The equation says “High Risk High Return”, but that does not say frequent or regular trades instead trade with better opportunity as Trading itself is a risk and returns are high profit that you make using right tactics.
The presentation is brought by www.readyforex.com/Forex-Brokers.php
Dealing Desk
• You need to select a Forex Brokers from alot of Forex brokers that does not offerdealing desk.
• The reason why one should not trade withdealing desk option, as in that casebrokers may use dirty techniques or tricksto screw up your Forex trading account forsure.
The presentation is brought by www.readyforex.com/Forex-Brokers.php
Terms about Trade Execution
• Pay special attention to Terms and Service.
• Most brokers fill your entry offers and that too at worst possible price.
• It has been observed that most of traders missed their profit but do hit stop loss and this happens mainly at first Friday of every month when US Farm payrolls are declared during NYSE session.
The presentation is brought by www.readyforex.com/Forex-Brokers.php
Variable Spread
• The price difference between ask and bid price is called as spread. Usually the spread for EUR/USD pair is 2 pips for most Forex brokers.
• Most brokers follows variable spread method and they usually don’t disclose or guaranteed about how wide can spread could become.
• It has been observed that most of discloses in Terms and Condition as “ Under normal market condition we offer 2pip spread for EUR/USD currency pair”.
• The most funny thing is that there is no Normal Market Condition as market is always uncertain
The presentation is brought by www.readyforex.com/Forex-Brokers.php
Contact Us
Learn more with educational videos related to Forex brokers, Spot Forex trading, Trading courses, Forex market analysis video on a monthly basis Visit at:
www.readyforex.com/Forex-Brokers.php
The presentation is brought by www.readyforex.com/Forex-Brokers.php