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Forex Education

Written by ForexCult Team
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Forex Education In the following article, I am going to take the time to tell you about how you can take steps to get a forex education. I am not going to tell you that you need to go to school or anything like that, I am going to tell you that I am going to give you a forex education myself so that you want have to take the time to go to school for forex not unless you want to and you feel that you want to learn more about the forex market. In this article, I am going to tell you about where and when the currencies can be traded and many more details about the forex market that will aid in your forex education. So, let’s get started with your forex education. Learning Your Forex Education When you are beginning your forex education you should know when you will be able to trade currencies in the forex market. The forex market is very convenient to trade in based on the fact that you are able to trade twenty four hours within a day. So having said that you should know that at some point and time everyday there is a financial center somewhere located around the world that is truly open for your business and there are also banks and other financial institutions that are able to exchange currencies on every hour on the hour whether it is during the day or during the night and there are never really any gaps but on the weekends and those gaps are minor. The forex market is known to follow the path of the sun around the world so if you are a night owl you can trade at night and if you are an early bird that always gets the worm you can trade in the morning. It all depends on when you want to place a trade. However if you are the early bird that always gets the worm you may want to consider that in this market that is not always the case. You may be able to snag the worm but there is always the chance that there will be a bigger bird that comes alone and grabs it from you and eats you as well in the process. You’re Forex Education When it comes to your forex education, it is important that you take the time to learn at your own pace. Don’t feel like you have to rush to learn everything because that can cause problems in the long run as well. You want to learn at your own pace during your own time and you should never move forward in the market until you are ready and you have the money to do so. Your forex education is what you make it out to be. If you spend a little amount of time with your forex education then you will notice that you are going to get little results if you spend a lot of time with your forex education you will learn that you will get better results and you will be even more successful in the forex market because of the fact that you put your time and effort into your forex education. There is so much information out there that you need to include in your forex education that you don’t want to wait until you have firmly grasped everything, you just need to make sure that you have all the basics down pat before you actually take that leap into the forex market. Forex Education and the Forex Market Now let’s take a look at the over the counter market which is known to be the biggest as well as the most popular known market that is located in the world today. The over the counter market will play a major role in your forex education as well because of the fact that you are going to be learning about this market. In the over the counter market you will find that the traders are able to determine who they want to trade with based on the conditions of the trading environment as well as the attractiveness of the prices as well as the reputation of the other trader that is involved in the transaction. When it comes to your forex education make sure that you pay close attention to the people that you are involved with when you are trading because you want to know that you are trading with someone that you can trust.

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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.