Posts Tagged ‘Forex Trader’

Forex Basic Tips

Thursday, June 11th, 2015

If you want to know how to become a successful Forex trader, you have to realize that it’s more an art than an exact science; the most skillful players have a knowledge that allows them to “see” beyond the facts and figures.

Some even use a gut extinct, a few master strokes (similar to the “poker face” used in the popular card game) and an artistic endeavour. Practice, discipline and going with your gut are the best methods used by those wanting to know how to become a Forex trader.

The temptation to keep fear and greed out of the equation is a key part in knowing how to become a Forex trader. You may well be tempted to throw thousands of dollars on a hot tip or a series of Forex trading tips, but patience is a virtue only the very best traders endorse and practice.

Think about it in terms of sport betting: you may well be tempted to throw money at your favourite team, but in your deepest psyche you just know the team with the best record, the greatest recent form and style are going to win – and they so often do. The odds are rubbish but so what.

A successful Forex trader will trade small amounts of money on sure fire outcomes and win every time. Sure, it will be next to nothing, but keep at doing this all the time, every single day and it will soon build up.

Bear in mind that Forex tips are good in one respect but pointless in another. Each type of trading approach requires a different method of thinking and each approach will offer a different risk profile. So you would have to change the way you approach that trade entirely – it’s a bit like putting a different hat for when you speak to your boss, the spouse, a friend down at the local bar or stranger in the street – we all wear a different hat and a good Forex trader approaches each style of trade in a different way.

You should always select a broker who will make you feel comfortable but that broker must also work with your appropriate style. And always select a longer time frame for direction analysis and a shorter time frame to time entry or exit. Psychologically you must expect the odd small loss from time to time. Trying to claw back a loss with a wild bet is an absolute no-no; do succumb to this temptation and you will soon learn how to become a successful Forex trader.

The consequence of retail deals in the US was empowering and rose without precedent for more than a quarter. As the present figure stands, the retail showcase deal is up by just about 0.9% than the estimated result. This when contrasted and the past quarters figure is path brighter since the outcome wound up at 1.1% beneath the estimated result.

Meyer, prime supporter, CurrencyFair expressed that his organization would be looking at clients who make exchanges through the main four banks in Australia. Meyer additionally expressed that Australian banks could charge more to their clients in light of the fact that the trust variable among the clients is all the more when contrasted with different nations.

With a million dollar financing on its way, the organization is wanting to twofold its headcount soon.

On the other hand, experts accept that there is an incredible measure of danger included when customers utilize these P2P offices when contrasted with traditional banks. Little sums are the most powerless regarding the matter of these offices since following turns out to be greatly troublesome.

This guest post is provided by Robin Smith of http://forexbonuslab.com/, a leading website about forex broker reviews, forex bonus offers and forex trading tips.

Forex Broker Woos Nigerian FX Traders

Monday, October 11th, 2010

UWC – Forex Broker Woos Nigerian FX Traders

Online Forex Trading has come to stay in Nigeria. A significant percentage of my first time visitors discover Nigerian Entrepreneur via their search for Trading Forex Online in Nigeria. That is kind of funny since FX is not my focus for this blog.

I have observed that over the years, more and more Nigerians are becoming active forex traders. Even though in time past some Nigerians made false claims about their forex trading expertise, the trend is gradually changing. We are beginning to have real professional forex traders who are earning reasonable income from online forex trading.

What Do I need To become a professional Nigerian Forex Trader?

On several occasion, I have received emails requesting that I explain to the sender how one can become a Professional Forex Trader without falling victim to those seminar gurus. Some have pleaded that I recommend a Forex Broker or a Professional Forex Trader who can coach a newbie into becoming a professional FX trader. Well, I had resisted the urge to do so because I am not all that knowledgeable in Trading Forex.

Last week, while discussing with a friend, he explained to me that two factors are needed by a newbie desirous of starting online forex trading business. There is need for a coach, that is an active trader (not a seminar teacher making empty claims). Also, there is need for a reputable Forex Broker. He warned me not to give out his name as a Forex Coach. I wonder why he doesn’t want to coach people. So folks looking for reputable coach, I’m still searching for one that I can recommend.

Well, for the second requirement, he recommended United World Capital, a foreign based Forex Broker that is currently wooing Nigerians. He stated that the company has special interest in Nigerian clients. That sounded unbelievable because even though I knew that Trading Forex is a Multi-billion Dollar Market with great potentials, I never knew that the activities of Naija brother and sister in the industry is beginning to attract international attention.

Well, I visited the official website of UWC, and I must say the website is quite user friendly. I have visited the official portal of several Forex Brokers, but United World Capital (UWC) seems to be different from them all. UWC webmasters seem to have taking into consideration some of the constraints that Nigerian FX Traders faces. They also have quite some mouth watering deals for both would-be traders and affiliates. I will mention some of the things I saw but I suggest you visit their website after reading my ramblings.

United World Capital Deals For Nigerian Forex Traders

I visited UWC website, and I decided to use their onine chat service. The rep that attended to me stated that UWC is focusing on becoming the best Forex Broker for Nigerian FX Traders. I was  told they have some cool special offers for Nigerian clients. That will definitely bring a boost to Nigeria Forex trading opportunities.

Opportunity for Newbie Forex Traders – According to the rep, any Nigerian Trader that registers with them will have the opportunity of trading in different foreign currencies, gold, stocks and CFD. The required minimum deposit for a starter is $10 and they are willing to provide leverage up to 1:500. If you decide to start big and you deposit $50 you will be given a bonus $25. Well, for those with fat purse, a deposit of $300 will attract $100 bonus while 25% bonus goes to those making first deposit above $500. Quite tempting I must say.

Easy Account Funding Options – I guess they are aware that PayPal has not been so friendly to Nigerians. So they already put in place different options for getting fund deposited into your trading account. You can use AlertPay, Okay Pay, Western Union, Bank Wire Transfer, Money Bookers, Debit Cards, Credit Cards, Neteller, WebMoney etc.

Easy Withdrawal of Fund – Withdrawal from trading account is equally facilitated via several options. So no more using PayPal palaver as excuse for not starting an online business. Beside the opportunity for would-be Forex Traders and Professional FX Traders, there is also another opportunity being provided for Nigerians by UWC. You can become their affiliate and earn money.

United World Capital Deal for Nigerian Affiliates

If you don’t know what an affiliate is, read my post  UWC gives room for anyone to become their affiliate. They are promising $10 commission for every referral you send to them who traded lot (lot is the contract volume in forex) + $20 extra for every client that deposit more than $50. They are promising free website design and hosting for Nigerian affiliates who want a website. There is need to get more details on this though.

It doesn’t end there, they claim that any Nigerian affiliate who can provide 1000 traded lots per month or more will be considered for managing his or her own UWC office in Nigeria (please don’t be surprised if you suddenly start noticing UWC banner and text link on this blog). This offer is quite tempting. I’ve almost completed my registration as an affiliate.

What is in it For Nigerian Entrepreneur?

I know you’re beginning to suspect my motive for writing this article. Well, I will leave you to keep guessing. There is nothing wrong with me desiring to make money as a blogger or even becoming an affiliate of UWC. The important issue is that I have shared the same opportunity with you. So, go check out United World Capital deal for yourself. If you decide to take up the opportunity, when next you blog about your Nigeria Forex deals, do send me a love-link. 😉

Well, that is the end of my ramblings. It is time you go to United World Capital official portal to get more details for yourself.  Please drop your thought in the comment section. It will encourage me to keep writing. If you happen to know a Professional Forex Trader willing to become a coach to newbies, drop his/her contact in the comment section. That is just the missing factor we need to compliment the opportunity being offered by United World Capital for the newbie Nigerian Forex Traders. Cheers.