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Forex Trader

Written by ForexCult Team
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Forex Trader When you are a forex trader and you are just starting out in the forex market it can be very scary and that is one of the reasons why you should always make sure that you take the time to learn every piece of information that you can about being a forex trader as well as being a forex trader in the forex market. In order to be a successful forex trader, you are going to need to make sure that you understand what being a forex trader is all about, this includes what you will be doing in the forex market and the stresses that accompany the forex market that affect you as the individual trader. As a forex trader you will have the choice to be the actual trader your self or you can choose to use a forex broker, it is entirely up to you but you need to make sure that you are one hundred percent sure before you take the steps to enter the forex market as a forex trader. There are many beginners out there that take that leap and don’t know what they are doing; this is not something that I would advise you to do. Even the forex traders that have been in the market for years will tell you that they are still learning about the market because of the fact that the market is always changing. Beginning as a Forex Trader It was in the middle of the nineteen ninety’s that many of the beginners as forex traders took that leap of faith and stepped into the forex market which at that time was just being introduced to the self trader. However, today the forex market is becoming more and more popular and there are many beginners as well as investors that are experienced that are running toward forex trading because of the fact that it is the largest as well as the most profitable not to mention the most liquid and also the fastest growing market that is located within the world. It is very important if you are beginning as a forex trader that you take every single second of the time that you need to make sure that you are able to learn the trading skills. You are also going to need to make sure that you take the time to practice every single bit of information that you learn as well and you can do this by opening up a demo account before you take that leap of faith and jump into the forex market trading real money. A demo account allows you to trade fake money so that you are able to get an idea about how good you really are. One thing for sure that you should always remember as a forex trader is that you never want to trade money that you can’t afford to lose. Experienced Forex Trader If you are an experienced forex trader and you are looking into continuing your personal development as a forex trader there are a couple of things that you are going to want to keep in mind. If you are already a forex trader and you are just looking into bringing your knowledge up a notch you may want to consider forex trader mentoring which is teaching other people that are interested in forex trading the ability to self trade with their own individual funds on the forex market and the second way that you can bring things up a notch is by professional forex market trading and that is actually where you are the individual trader that handles the other people’s funds so that you are able to generate or make profits for the actual investment clientele. No matter how long you have been a forex trader there are always options that are available to you so that you are able to become better at what you do. If you are an experienced trader, you are going to want to make sure that you take the time to really learn about the options that you have to become more and more experienced. If you choose to help other people learn how to trade on the forex market you are giving them a piece of you and that in turn will make you a better trader. You may run across a case where you meet someone that knows something that you don’t and you can allow them to teach you what you don’t know.

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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.