Forex market can be divided into 2 parts: traders – investors (people who want to invest money and trade on the market) and brokers (companies which connect traders with each other – the one who sells something with the one who buys).
To enter Forex market traders should have a deposit. The amount of money needed maybe rather big or rather small – sometimes broker companies may give you a “credit” even if you have just $100 in your pocket. Such credits are called leverage, it means that you have a deposit but you can trade not only on your real amount of money but on the amount provided by broker as a credit. For example, the leverage is 1:100. This means that you have (let’s imagine) $500 but with the help of this credit you can trade on amount of money that is 100 bigger, i.e. $50 000. It’s nice, right?
There are different types of leverage, starting from 1:1 to 1:2000. For example, you have only $10 and a broker gives you 1:2000 leverage, it means that you can trade on $20 000. But don’t be that amazed and enthusiastic right now – the lower your deposit is and the bigger your leverage is the bigger are you chances to lose your money.
When you open a trade the cost of goods you trade (currency, oil, etc.) may go up or down. In case it goes down and the amount of your loss seeks to the amount of your deposit a broker will close your trade and of course you will lose all your money. The amount of deposit like $10 is really small so there is a great chance that you will lose the money. But when your deposit is bigger and leverage is smaller, then the smallest changes on the market are not likely to affect your entire deposit, so you will be able to continue trading and are likely to win money!
FXMoneyWorld company offer its clients 1:100 – 1:400 leverage. It is 5 or even 20 times smaller than some brokerage companies offer, so trading with FXMoneyWorld your chances to lose money are 5-20 times lower respectively.
All brokerage companies have special online trading concepts that are concerned with technology, service and education. Best of them provide educational content, for example, free webinars, videos, articles, glossaries and so on. Some brokerage companies do not provide it that is not helpful for their clients.
Let’s deal with technology concepts. Traders may enter Forex market using their PC, tablets and mobiles. At least those traders who are clients of big brokerage companies which have platforms for all the types of devices.
Brokerage services include support (one language or multilingual), trading plans – Demo and Real accounts, skilled personal manager. Make sure that the support center of the broker you choose speaks your language or the language you are good at.
This is what online trading concepts FXMoneyWorld company offers https://fxmoneyworld.com/about-us/. Check out the page and hope our article helped you to understand how the market works.
To enter Forex market traders should have a deposit. The amount of money needed maybe rather big or rather small – sometimes broker companies may give you a “credit” even if you have just $100 in your pocket. Such credits are called leverage, it means that you have a deposit but you can trade not only on your real amount of money but on the amount provided by broker as a credit. For example, the leverage is 1:100. This means that you have (let’s imagine) $500 but with the help of this credit you can trade on amount of money that is 100 bigger, i.e. $50 000. It’s nice, right?
There are different types of leverage, starting from 1:1 to 1:2000. For example, you have only $10 and a broker gives you 1:2000 leverage, it means that you can trade on $20 000. But don’t be that amazed and enthusiastic right now – the lower your deposit is and the bigger your leverage is the bigger are you chances to lose your money.
When you open a trade the cost of goods you trade (currency, oil, etc.) may go up or down. In case it goes down and the amount of your loss seeks to the amount of your deposit a broker will close your trade and of course you will lose all your money. The amount of deposit like $10 is really small so there is a great chance that you will lose the money. But when your deposit is bigger and leverage is smaller, then the smallest changes on the market are not likely to affect your entire deposit, so you will be able to continue trading and are likely to win money!
FXMoneyWorld company offer its clients 1:100 – 1:400 leverage. It is 5 or even 20 times smaller than some brokerage companies offer, so trading with FXMoneyWorld your chances to lose money are 5-20 times lower respectively.
All brokerage companies have special online trading concepts that are concerned with technology, service and education. Best of them provide educational content, for example, free webinars, videos, articles, glossaries and so on. Some brokerage companies do not provide it that is not helpful for their clients.
Let’s deal with technology concepts. Traders may enter Forex market using their PC, tablets and mobiles. At least those traders who are clients of big brokerage companies which have platforms for all the types of devices.
Brokerage services include support (one language or multilingual), trading plans – Demo and Real accounts, skilled personal manager. Make sure that the support center of the broker you choose speaks your language or the language you are good at.
This is what online trading concepts FXMoneyWorld company offers https://fxmoneyworld.com/about-us/. Check out the page and hope our article helped you to understand how the market works.