The important thing to remember is FOREX and Currency trading is an alternative investment for many people. So, advertise in places where your target market is likely to be hanging out. It is important to note that protecting your trading capital is not synonymous with never experiencing a losing trade.

Build a team only if you want to become a broker or market-maker in the industry. You will need a small team of professionals who are also skilled in currency trading, customer service, and web design. You should build out your team when you have enough money to do so. Most currency trading companies start small, as professional Traders.

Top 10 Rules For Successful Trading

When readers purchase services discussed on our site, we often earn affiliate commissions that support our work. That means you just pay for the shares you trade, not a flat fee. You can take hundreds of trades, but you still just pay for the shares you trade!

Should buyers default on payment further to the stipulated due date and grace period, the insurer will pay upon verifying the validity of the claim. International Enterprise Singapore, a Government initiative, offers trade credit insurance at very attractive premium rates through its TCI Programme. In Singapore, businesses often resort to loans, letters of credit and insurance to cover the financial risks involved in trading. The result is that these traders, hold far too long to loss positions, and hope that the market will graciously turn, so that they can at least approach breaking even.

Get Securities and Perform a Trade

Hopefully this article has proven more cautionary than encouraging. Traders really need to examine and understand their motivation for making the leap. The obvious reward is the possibility of earning far greater profits than could be achieved managing only personal funds. For traders with the appropriate skills, temperament and work ethic, running a Successful hedge fund can become a reality. One way to get started is with the Interactive Brokers family and friends program, enabling a trader to manage up to 15 accounts without having to register as an investment advisor. This is not meant as an endorsement or infomercial for IB, any similar broker-sponsored program should work equally well.