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Online Futures Trading

Written by ForexCult Team
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Online Futures Trading Just like with any other type of trading, there are risks that are involved with online futures trading as well. No matter what you are trading, if it is equities or options, commodities or futures as well as forex there will always be some sort of risk that is involved. When it comes to the risk that is involved with online futures trading, the higher the risk the better your chances are to actually be able to gain profit from the actual trade. One thing that you should keep in mind is that when you are trading commodities along with futures contracts that you will be entitled to a rather large amount of earnings and you will also have the chance that you may suffer from some big losses as well. However, if you take the time to study the markets as well as trading you should have nothing to worry about. One thing that you are going to make sure that you keep in mind is that there is not one single individual trader that is currently successful at trading on the markets that has not suffered from a loss at one point and time during their trading career. The number one reason that a trader is able to become successful is because of the fact that they are able to minimize the occurrence as well as the amount of loss by being able to follow the strict online futures trading principles. Futures Trading Plan and Online Future Trading With online futures trading just like any other type of trading, you are going to learn that you have to have money in order to be able to trade because money is one of the main essentials and it is what makes the markets go round. However, you are also going to need an online futures trading plan as well. When you have found an online future trading plan, you are going to make sure that this plan actually is built on your individual trading personality as well as the style that you portray when you are trading. Another thing that you are going to want to make sure that your online futures trading plan relates to is your current economic status not to mention the futures of interest. You should also base your online futures trading plan on the capital that you are able to invest in trading as well as the experience that you have as a trader as well. In relationship to online futures trading, you want to make sure that you know if you invest small amounts you are going to be putting a limit on the options that you have and you should also keep in mind that if you invest larger amounts of money you are going to be inviting higher losses. One thing that you should always keep in mind when it comes to online futures trading is that you should never invest money that is going to affect the way that you are living. Online Futures Trading and the Four Basic Principles When you are participating in trading, it is very important that you follow the four basic principles of trading. The first of the four basic principles is that you know how to manage your risks, the second of the four basic principles is that you are able to minimize your losses, the third of the four basic principles is that you are able to trade with the trend and the fourth of the four basic principles is that you let the profits that you make run. The ability to manage the risks that are involved ten to get better as you gains knowledge about trading. In fact the ability to manage the risks that are involved is known to withhold a lot which includes the mini contracts and the ability to avoid the markets that are considered to be extremely volatile. You should also make sure that you pay very close attention to the surprise reports and the global trend as well as the ability to preserve money for the actual profits. As a trader you are going to learn if you haven’t already that reducing the amounts of loss is the hardest rule that you can actually take the time to practice. If you are really interested in managing the risk you are going to have to be able to walk away from a trade even at times when the market has turned against your very own predictions.

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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.