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Foreign Exchange Markets

Written by ForexCult Team
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Foreign Exchange Markets When you think about the foreign exchange markets, you should know that there are many names that the foreign exchange markets go by. In fact, the foreign exchange markets go by the name of currency markets to forex markets and FX markets. The reason that you should know about these different names is because of the fact that when you are doing research on the foreign exchange markets you are going to need to make sure that you know the other names as well. The foreign exchange markets are actually markets where one particular type of currency is traded for another type of currency. You should also know that the foreign exchange markets are also the largest markets in the world and this information is based on the cash values of the actual trades that take place. When it comes to the participants in the foreign exchange markets you will find that there are a bunch of different participants, you have the large corporations and banks as well as the multinational companies and the speculators as well as the individual traders. The Foreign Exchange Markets Overall When it comes to the foreign exchange markets you are going to find as I have stated earlier in this article that they are the largest markets in the world averaging around two trillion dollars on a daily basis which is more money than all of the other markets make in one day combined together. One of the things that make the foreign exchange markets so popular and so profitable is the number of different people that participates in the markets as well as the fact that the markets also take place in several different financial centers that are located around the world. In current times you will find that the retail traders only make up a small amount of the percentage of actual traders. The reason that the retail traders only make up a small amount of the traders is because of the fact that they haven’t been able to trade as long as the other participants have been able to as well as the fact that nine times out of ten they rely on brokers as well as banks to back them up. It is the retail traders that are actually the ones that are most commonly targeted by the trading scams as well. If you are a retail trader and you are interested in trading in the markets and you are thinking about going through a broker you are going to want to make sure that you take the time to make sure that it is a legitimate broker because there are a lot of scam brokers out there and if you are just beginning you are going to have a hard time distinguishing between the two. The Unique Foreign Exchange Markets The reasons that the markets are unique are numerous and I would like to take the time to tell you about them so that you are aware of the reasons why so many traders like trading in the actual markets. The first reason that the markets are so unique is because of the fact that the have a large trading volume, the second reason that the markets are so unique is because of the fact that they are the most liquid and the third reason that the markets are so unique is because of the fact that they have a large amount of traders that are currently trading in the markets. There are people all over the world that are taking time to learn how to trade in the markets. The fourth reason that the markets are so unique is because of the fact of it s geographical dispersion and the fifth reason that the markets are so unique is because of the fact that the markets have long trading hours in which you have the ability to trade twenty four hours a day except on the weekends. The markets open up at five on Sunday and are open until five on Friday and those are really good trading hours. Another reason that the markets are so unique is because of the actual exchange rates that the markets have. If you are interested in trading in the markets, you need to make sure that you get information that is accurate and up to date about the markets, if you don’t you want be able to get the most recent information and as you know the markets are always growing.

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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.

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