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Written by ForexCult Team
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Trading It is important when you are a trader in the market and you are considering trading that you take the time to take a couple of things into consideration before you get started in the trading market. In the following article, I am going to tell you about a couple of tips that you should keep in mind when you are trading online, please take each and every one of them into consideration and make sure that you understand them completely. It is in your best interest as a trader that is trading in the market to know how to protect yourself against fraud and other scams that people have posted on the world famous internet. Each and everything that I am going to tell you is very important in making sure that you are successful in the business as a whole. When taking into consideration trading, it is important that you know there is more than one person that is involved in trading and there is more than one broker that is available to meet your every need when it comes to trading overall. Be sure that you take the time to do careful well scheduled research and make sure that you do not make any decisions until you are completely sure that you are ready to push forward with trading. Tips for Trading Online In the following article I am going to tell you about some tips that you should consider when you are trading online in the market. The first tip that I would like to give you is the tip that you should always ask for references when you are considering a broker to handle your trading needs. Even though this is a rather simple process, there are still many investors out there that never take the time to look into the brokers that they are considering, they normally go with the first one that they run up on and that is something that you should never do. There are too many brokers out there for you to choose from than for you to go with the first one that you run across and end up with a lemon. All you have to do in order to check up on a broker is, take a look at the references that they have listed and take and send each one of them an email and ask them to send you the information that you want to know back. This will allow you to see what the references think about this particular broker and will also allow you to see if they are really worth your time. The most important thing you can do when you are trading online is contacting the references of the brokers. If you do nothing else while you are trading make sure that you at least take the time to do this. Trading and Saving Your Emails Another important tip that you can take into consideration when you are trading, is the fact that you need to keep all of the emails that are sent to you. The number one thing that you can do is create a folder that is supplied by your email provider and store those emails in that particular folder. This can also help you to avoid getting ripped off while you are trading. You should know that the reason that it is so important to keep your emails is because of the fact that it is nearly impossible for you to track someone that is ripping you off in less you have their address or some information to go on. When you are trading, any information that you are provided with, make sure that you keep it in a safe place and make sure that you are well aware of who you are dealing with in trading. There are so many people out there that are fakes that it is unreal but on the other hand you have people that are exactly what they say they are and are really trying to help you out. Trading online could not be a better way for you to save money and also make money. However, you have to make sure that you are able to do just that, make money, and if you are not able to make the money in trading you are going to need to find someone that can help you. Brokers are your best bet for help when it comes to trading because of the fact that they almost know everything there is to know when it comes to trading online. If you do not want to go through a broker when you are trading then it is important that you take the time to learn everything there is to know about trading and trading online. There are so many trading tips that are out there not to mention that there are many trading courses that you can take online and they will help you learn hands on with trading. If you take the time to get to know what trading is all about you will see that it is not hard to succeed at trading and that almost anyone that has determination can do it if they try. There are all different types of trading; you have forex trading, commodity trading and also stock trading.

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Which is the Best Forex Broker you have traded with?

Interview with Matthew Sheppard

Senior Forex Advisor at XForex

1. What is your name and position?

Hello, my name is Matthew Sheppard and I am a senior forex advisor at XForex.

2. What is your experience and professional background?

In the last 6 years I had filled several positions in financial institutions such as a stock broker, a foreign exchange desk manager, a financial consultant and in my recent role I serve as a senior Forex advisor for XForex which is an online forex company.

3. What type of clients you deal with?

We deal with clients on all levels from the beginning stages to the more advanced trading levels.

4. Does most of your business activity come from the online or offline world?

Because of our high presence on the web, most of our business comes from the online world.

5. Why should a trader pick XForex from all forex brokers?

Aside from all the benefits that XForex offer like commission-free trading, 24/7 online support, high leverage (200:1), XForex offers educational and learning trading experience that you won’t find anywhere else..

Our team of experts and financial trainers provide personal assistance and guide clients to financial success. We provide daily analysis and market reviews to our clients giving them a better understanding of the market and helping them trade profitably.

6. From your experience, what advice would you give a person who wants to enter the forex world?

My advice to the beginning trader entering the Forex world is as follows:
  • Learn the market and understand what you’re getting into.
  • Research and find the broker that suits your needs and wants. Look for a good offering but more importantly customer service, don’t go for the low rates offer without being certain they have a good customer service department. From my extensive experience in the Forex world your key to success will be your client-broker relationship. I can honestly say that at XForex they put an emphasis on servicing clients, which is so important.
  • Invest smartly and calculate your risks.
  • Always know when to get out of a trade.

Broker of the Month

5_small_logoUFXBank provide up-to-date charts and news feeds, coupled with an easily navigated trading platform. UFXBank traders can access the biggest market in the world 24 hours a day with ease.

By keeping their platform, site and deposit process simple, safe and secure, UFXBank have become the web’s premier online forex trader.