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Forex Advantages The off-exchange retail currency market (also known as Forex, currency market or FX market) is, by far, the largest financial market in the world. It includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions. The average daily trade in the global Forex and related markets is currently over US$ 4 trillion. Lots of traders are starting to trade Forex due to the Forex market advantages. Here are the most important Forex market advantages:1 – 24 hours a day market: The Forex market is open 24 hours a day (except on weekends). So, no matter where you are based, you can trade Forex at your favorite time. 2 – High liquidity: Forex market is the biggest financial market in the world averaging over 3 trillion USD daily. 3 – Leverage: The leverage on Forex can be as high as 200:1 which means that you can trade up to $100K with just $500. 4 – Easy short selling: On Forex it’s as easy to buy a currency pair as to short sell it. There’s no uptick rule like on Nasdaq. 5 – Free commission fees: Commission fees are 0 on Forex. The only cost in buying a currency pair is the spread. 3 6 – Free trading platforms: On Forex most brokers offer good trading platforms for free. 7 – Free Demo accounts:Most Forex brokers offer free demo accounts which allow you to start practicing with virtual money. This way you can learn Forex without risking your money. 4 5 Myths about Forex Trading 1 – If I know how to trade stocks, I know how to make money on Forex: If you have experience trading stocks and think you can simply apply your knowledge on Forex and make money, you’re going to be disappointed. The Forex market is much more complex. Firstly, the Forex market is open 24 hours a day. This may not seem a big deal but it’s a significant difference in relation to the stock market. As the Forex market is open 24 hours a day, this brings more complexity to a trader. If in the stock market you have periods of higher and lower volatility, in the Forex these differences are even higher. Many stock traders think the Forex market is easy because it is open 24 hours a day. They think they can trade whenever they want and make their quick bucks. Truth is you can make money in Forex. But for that, you need to have a deep knowledge about this market. The indicators that work in stocks don’t always work in Forex. The Forex market is more complex and, this way, the indicators that you use on stocks don’t work so well here. Brokers are another huge difference between stocks and Forex. In the Forex market, due to the lack of regulation, a lot of Forex brokers don’t act in their clients’ best interest. It’s a lot more difficult to find a good Forex broker than a stock broker. 2 – Since the market is open 24 hours a day, you can make money anytime you want: Once again, this is not true. In order to make money, a trader needs volatility. Although this market is open 24 hours a day, in the majority of the time there isn’t enough volatility to make good trades. This is a big challenge because volatility can appear at any time of the day and the trader can’t be watching the market all the time. He has to adjust his strategy in order to trade only in high volatility periods. 3 – Commission trades are free on Forex market: You don’t pay a commission fee when you place an order. Although, you pay the spread, which is the difference between the bid and the ask. This way, the more you trade, the harder it will be to make money in Forex because you’ll have higher fees. In the Forex market, as in any other market, a trader must avoid the overtrading at all costs.4 – You need to predict what will happen in order to make money in forex: In order to make money in Forex, you need to react to what is happening. This is not the same thing as predict. A good trader simply reacts and respond to whatever the market is telling him. He analyses charts, reads the news and all information he has at his disposal in order to react as fast as possible to market movements. A good trader is always looking to evolve and learn. 5 – The more complicated my strategy, the best: This is another myth that has nothing to do with reality on Forex trading. The truth is that usually the simple strategies or systems outperform the complicated ones. So, there’s no need to use plenty of different indicators at the same time. Study the market, find your favorite system or strategy, and stick with it. CURRENCY STRENGTH CALCULATOR
OASIS WEALTH BUILDERS AS INTRODUCING BROKER IN MALAYSIA
Oasis wealth
builders is an Introducing Advisor whose one of its many activities is
to refer clients to the off-exchange retail foreign currency market.
As you may or may not know, the free-floating exchange rate system
officially started in the late 70s. Back in those days, certain banks,
government institutions, and other big financial institutions were able
to participate in this market. The main reasons these institutions
participated in the Forex market, was because they needed to manage risk
in certain investments through hedging and others to speculate on the
exchange rate movements for a gain or a profit. The forex market is a
very liquid and growing market. Recently, with the advancements in
computer technology and the Internet and other trading platforms, retail
traders can participate on the forex market. However, retail traders do
not have access to the interbank rate as most banks and other
institutional investors do. Most retail traders can participate in this
market through a retail broker commonly known as FDMs or FCMs in the
USA. There are possibilities to speculate in the off-exchange retail
foreign currency market and make a profit; however, due to the high
volatility of this market, traders can suffer substantial losses
including all funds.
Oasis Wealth
Builders, plan to offer trading support to all of its clients. We will
also give instructions on how a client can open a demo and a live
account with our affiliate brokers. We will teach the fundamentals of
the forex market. We will submit all marketing and teaching materials to
our affiliate broker's compliance department prior to providing it to
our clients. .
We will also answer
questions about the MT 4 Trading platform to clients who have questions.
It is important that clients know that the MT 4 offers various technical
tools and indicators. They can be very useful to the trader and can help
on trading decisions; however, it cannot guarantee any trade to go to
the desired direction.
Risk
disclosure:
FOREX TRANSACTIONS ARE NOT TRADED ON AN EXCHANGE, AND THOSE FUNDS
DEPOSITED WITH THE COUNTERPARTY FOR FOREX TRANSACTIONS MAY NOT RECEIVE
THE SAME PROTECTIONS AS FUNDS USED TO MARGIN OR GUARANTEE EXCHANGE.
TRADED FUTURES AND OPTIONS CONTRACTS. IF THE COUNTERPARTY BECOMES
INSOLVENT AND YOU HAVE A CLAIM FOR AMOUNTS DEPOSITED OR PROFITS EARNED
ON TRANSACTIONS WITH THE COUNTERPARTY. YOUR CLAIM MAY NOT RECEIVE A
PRIORITY WITHOUT A PRIORITY YOU ARE A GENERAL CREDITOR AND YOUR
CLAIM WILL BE PAID. ALONG WITH THE CLAIMS OF OTHER GENERAL CREDITORS,
FROM ANY MONIES STILL AVAILABLE AFTER PRIORITY CLAIMS ARE PAID. EVEN
CUSTOMER FUNDS THAT THE COUNTERPARTY KEEPS SEPARATE FROM ITS OWN
OPERATING FUNDS MAY NOT BE SAFE FROM THE CLAIMS OF OTHER GENERAL AND
PRIORITY CREDITORS.
THE
HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE IN FOREX TRADING CAN
WORK AGAINST YOU AS WELL AS FOR YOU. THE USE OF LEVERAGE CAN LEAD TO
LARGE LOSSES AS WELL AS GAINS.
DURING TECHNOLOGICAL CRISIS, ORDERS MAY NOT BE FILLED AS PLACED.
TRADING ON A PARTICULAR ELECTRONIC TRADING SYSTEM MAY DIFFER FROM
TRADING ON OTHER ELECTRONIC TRADING SYSTEM. OR OTHER MARKET SYSTEMS. IF
YOU UNDERTAKE TRANSACTIONS ON AN ELECTRONIC TRADING SYSTEM, YOU WILL BE
EXPOSED TO RISK ASSOCIATED WITH THE SYSTEM, INCLUDING THE FAILURE OF
HARDWARE AND SOFTWARE. THE RESULT OF ANY SYSTEM FAILURE MAY BE THAT YOUR
ORDER IS EITHER NOT EXECUTED ACCORDING TO YOUR INSTRUCTIONS OR IS NOT
EXECUTED AT ALL.
THE
BRIEF STATEMENT CANNOT DISCLOSE ALL THE RISK AND SIGNIFICANT ASPECTS OF
THE FOREX MARKETS THEREFORE. YOU SHOULD CAREFULLY REVIEW THIS DISCLOSURE
DOCUMENT BEFORE YOU TRADE.
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Send mail to support@oasiswealthbuilders.com with questions or comments about this web site. Copyright © 2009 [] Last modified: 10/13/09 |
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