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Forex Trading Mentor

Written by ForexCult Team
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Forex Trading Mentor As you may know by now when you are considering trading in the forex market, it is very important that you take the time to look into getting a forex trading mentor to help you learn the material that you need to learn before trading in the forex market. I know that there are a lot of people out there that don’t believe that a forex trading mentor is the right way to go but I do. There are so many requirements that are in place today for anyone to be a forex trading mentor and if you are someone that has met those requirements I think that you should be worthy enough to be called upon for help by the forex traders. In this article I would like to tell you about some of the material that a forex trading mentor is going to tell you about when you call on a forex trading mentor to help you out with your learning about the forex market in general. Keep in mind that all of the forex trading mentors are not the same in the way that they are going to go about teaching you. Each and every one of the mentors will probably teach you the same material but they are not going to do it in the same fashion. Material That a Forex Trading Mentor Covers The first set of information that a forex trading mentor is going to cover with you is more than likely going to be the introduction into the forex market so that you can have an outlook on what you need to expect when you do enter the market for the first time. When it comes to the basic introduction into the forex market there is of course some information that you need to know that I would like to go over with you so that you have some idea of what is going one. The first thing that you will need to know is that money which is often referred to as currency is known to be the ultimate commodity. There are many people that buy and sell currencies in the forex market today, even the government is known to do it when they buy or sell the products and services that are offered in a foreign country. Many of the organizations and other individuals that are also in the market are known to exchange currencies for speculative purposes. Since there is so much activity when it comes to the forex market, the forex market is known as the largest financial market that is located within the entire world. What is a Forex Trading Mentor? There are many forex trading mentors out there on the internet that you can contact that will be more than glad to help you with learning about forex trading. All you need to do is make sure that you are able to find a forex trading mentor that is going to dedicate their time and effort into making you a very successful trader. There are some people that do not believe that relying on a forex trading mentor is the right thing to do but when you think about, being able to learn by someone else that is experienced in forex trading will allow you to get a heads up when it comes to forex trading. The reason that most people think that a forex trading mentor is not the right idea is because of the fact that they think that you are not going to be able to learn everything that you need to know within a couple of days that the forex trading mentor will help but the truth of the matter is that even after you have completed the training course you are still able to contact the mentor when you have questions about forex trading. The forex trading mentor is not there to hinder your learning ability in any way, the forex trading mentor is there to help you learn and to make sure that you know everything that you need to know in order to be able to succeed in the market of trading. You just have to make sure that you take the time to ask any question that you have. That is what they are there for, to help you learn about the markets and make sure that you understand the difference in the different types of trading as well. There comes a time when the best way of learning is through someone else.

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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

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