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Forex Market

Written by ForexCult Team
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Forex Market Over the past couple of years, it is known that the global marketplace known as the forex market has changed in some dramatic ways. There are many new strategies for investment that are now becoming even more important so that the traders within the forex market are able to minimize risk and so they are also able to maintain portfolio returns that are relatively high. When it comes to the most rewarding market of the many different markets, you will find that it is the forex market which is also referred to as the foreign exchange market. In this forex market you will find that there are trading patterns that are identifiable and there are also low margin requirements that are comparable as well as trading opportunities that are very rewarding to the traders within the forex market. Learning the Forex Market When you look at the forex market in comparison to the stock markets that are located around the world, you will find that foreign exchange is known to be traded without having any constraints when it comes to a central exchange that is physical. The actual transactions are conducted either by telephone or online. It is also known that with this individual structure of transaction that it is the foundation of the forex market in which has made the forex market the largest marketplace that is located anywhere within the world. When you look at all the facts about the forex market you will see that the actual average volume of the forex market is around one point five trillion dollars during the period of just one day. You can also take this information and compare it to the profits that are made on the New York Stock Exchange and see that they are only making around twenty five billion a day. It is known that the high volume within the forex market is an advantage when you look at it from a trading standpoint because of the fact that the transactions that are made are executed fast and they also have transaction costs that are low as well. Forex Market Overall The forex market overall has been recognized as what is known as an investment that is superior when it comes to the opportunity that it presents by the major banks as well as the multinational corporations and the other different institutions. It is also known that today the forex market is even available more than it ever was to the individual trader. Now that you have gotten the basic information about the forex market, you will need to know the actual difference between the spot forex and the currency futures. There are actually many different traders that have taken the time to switch from the currency futures to the actual spot foreign exchange which is known as forex trading. When you look at spot foreign exchange in relationship to currency futures, you will see that spot foreign exchange is going to offer you a better liquidity as well as a lower cost when it comes to trading. It is also known that the banks as well as the brokers that are in the spot foreign exchange have the ability to quote the markets twenty four hours a day. Forex Market and Spot Forex When you look at the spot forex market you will see that it is not actually burdened by the actual exchange fees or the NFA fees, there are times that these fees are passed to the customer in a form that is known as a higher commission. It is for these reasons that mainly all of the professional traders as well as the institutions are able to conduct the dealing of foreign exchange in the actual spot forex where as not in the actual currency futures. When you are interested in trading in any of the markets, it is important that you take the time to learn about all of the different markets that are available to you so that you can find the one that you are most interested in. Once you have found the one market that you are interested in, you can take the time to sit back and learn about the different objectives and backgrounds of that particular market. There is going to come a time when you are going to have to sit down and really study the information that you have found so that you are able to become a successful trader. Knowing is only half the battle that you are going to face in the markets.

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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.