Open a Forex Trading Account – The People’s Choice
Open a Trading Account with FxPremiere – As the Forex Market evolves and grows rapidly. It is crucial to remember that Forex Accounts need to be compliant. But most importantly to the benefit of the trader. Forex Firms these days are not known to look after clients. We at FxPremiere Group a Group of 11 Forex Traders situated globally in different jurisdictions only refer the best in the industry.
Open a Forex Account
Trading the financial markets is an experience of a lifetime. Every individual or company wants to delve into trading Forex. FxPremiere Offer 4 main options
1 – Regulated Forex Account
2 – Daily Forex Signals
3 – Start Copy Trading
4 – Become an Introducing Broker
FxPremiere.com has been going strong since 2010 | Being one of the few that even have trust pilot reviews as a signal provider. This shows commitment to its subscribers.
Trading the Capital Markets has become a part of individuals everyday life. So its imperative to make sure the ground work is done correctly from the start.
Using FXPremiere.com services you will have a piece of mind that the brokers we refer as a team are all compliant with each countries jurisdictions financial measures.
The aim of forex signal trading is simple. Just like any other form of speculation, you want to buy a currency at one price and sell it at higher price in order to make a profit so Open a Trading Account with FxPremiere.
Some understanding can arise as the price of one currency is always, of course, determined in another currency. For instance, the price of one British pound could be measured as, say, two US dollars.
In signal forex trading terms this value for the British GBP pound would be represented as a price of 3.0000 for the forex pair GBP/USD. Currencies are grouped into pairs to show the exchange rate between the two currencies; in other words, the price of the first currency in the second currency on trade.
Some traded forex pairs are EUR/USD, USD/JPY and EUR/GBP, but it is also possible to trade many minor currencies such as the Mexican peso (MXN), the Norwegian krone (NOK). As these currencies are not so frequently traded the market is less liquid and so the trading spread may be wider.
Forex trading spread
Like any other forex trading price, the spread for a fx pair consists of a bid price at which you can sell and an offer price at which you can buy. It is important to note, for each forex pair, which way round you are trading forex signals.
Trading with Signals
When buy orders are made, the spread always mirrors the price for buying the first currency of the forex pair with the second. So an offer price of 1.4000 for EUR/USD means that it will cost you $1.40 to buy €1. You would buy if you think that the price of the euro vs the dollar is going to rise, that is, if you think you will later be able to sell your €1 for more than $1.40.
When a sell trade, the spread gives you the price for selling the first currency for the second. So a bid price of 1.4000 for EUR/USD means that you can sell €1 for $1.40. You would sell if you think that the price of the euro is going to fall vs the dollar, so you can buy back your €1 for less than the $1.40 you originally paid for it.
Calculating your profit
The spread for EUR/GBP rises to 0.8530-0.8536 and you decide to sell your euros back into pounds at the bid price of 0.8530. The €11,000 you previously bought is now therefore sold for £8530. Open a Trading Account with FxPremiere | Your profit on this transaction is £8532 minus the original cost of buying the euros (£8415) which is £117. Note that your profit is always determined in the second currency of the forex pair.
What are the best currencies to invest in?
How leverage maximises returns
Say you want to buy GBP/USD and the offer price is currently 1.5000. If you buy £1 per pip with InterTrader your full contract value will be £1 x 15,000 = £15,000. But with our standard leverage for retail clients of 30:1 your margin requirement to open this position is just 3.33% x £15,000 = £499.50.
Another way to look at this is that, if you had £15,000 on your account, you could buy £30 per pip. Without any leverage, your £15,000 could only support a trade worth £1 per pip. With leverage you can increase the potential return on your capital by a factor of 30.
You should subscribe to several Forex Signal Providers always and get many ideas..
Open a Trading Account with FxPremiere
|Money on account||£15,000||£15,000|
|Risk per point||£30||£1|
|Notional trade size||£450,000||£15,000|
|Increase in pip value||54 pips||54 pips|
Remember: the process of becoming a trader is all about you. What works for one investor may not work for another. There are very few wrong ways to invest, as long as you do so in an educated, consistent, and thoughtful manner.
Knowing your own type of trading temperament will help you in choosing the right strategy for you
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