Before I begin, I have to admit that I had quite a tough time researching all of the different trading platform available on the market today. At first I thought – “Hey! This is the era of the Internet and advanced technologies! Finding a perfect platform will be a breeze!” Boy, was I wrong. I got so caught up in trying out and visiting all the different websites, clicking relentlessly on the shiny ads and overall getting caught up in the glossy promises. And let me tell you, it is quite a tricky road to go down on.
Look, I’m not gonna lie to you – trading is as tricky as ever. We all know it is risky, but also rewarding. But what I didn’t know, what I could never have imagined is that starting out would be so difficult! I admit, I made a common mistake of wanting and chasing the most with a minimum effort… I’m sure you know what I’m talking about. So, what happened next?
First, I said to myself – “Look, you got this. If you just keep a cool head on your shoulders and your eyes on the prize, you know you got this!” And sure enough, I managed to insert that energy into my research, and found a platform that shares my exact values.
When I first heard the name of YorkCG, I got instantly attracted to it. Personally, it reminded me of New York – the concrete jungle where dreams come true. The home of Wall Street, the most successful and promising market on the planet. Wall Street has suffered some major setbacks over the course of history – you probably heard about the big crash of 1929. Those were devastating times for the entire country, but Wall Street managed to pull through in the end.
So, call me sentimental – but this was my first thought. Strength and reliability that YorkCG has showed later down the road only proved me right. With YorkCG, I was able to carefully plan my trading strategy and execute it with little effort. Their team of staff is amazing, the broker that contacted me was knowledgeable and more than happy to assist with any issues I may had along the way.
For starters, I wanted to go slow and easy, and only deposited the minimum of $250. Now that I think about it, I should’ve gone even higher. But hey, there is always another chance with another trading day, right? So, I wanted to be fully prepared and equipped for my start with YorkCG. Luckily, the platform offers so many different educational tools, which I found very encouraging.
So, I didn’t want to waste any time. I started watching tutorials and demo videos, and kept up with all the latest news. I can even brush up on my trading lingo or learn new terms through their variety of e-books available. What particularly stood out for me, and made choose this platform without a doubt is the fast execution. When you open a trade, your emotions go up and down, high and low as you watch the asset of your choosing perform on the market. And when it’s all over, you want the funds on your account immediately, right? Hey, you deserved it!
YorkCG is able to process your request in just a few days. For me, it took them 4 days to get all of the paperwork settled and put the funds on my account. And I gotta say… I was tempted to pull that money and go treat myself and my family to a fancy trip! However, I soon realized that the smartest way was to keep investing, and increase that cash. Wish me luck!
The art of trading has been present in our modern history longer than you can imagine. The first types of trading were taking place back in the era of Paleolith – where the hunters exchanged the fruits of their labor with one another. According to the historic record from the Stone Age, South West Asia was the first-ever type of trading place. There, the expert analysts show proof of ancient deposits and exchanges. They were made with the Mediterranean region, including mostly their tools and utensils. Later on, the archeology connects us to a rollercoaster of new evidence of widespread trading in Egypt and other parts of North Africa. They even go as far as the Sumerians in Mesopotamia and even Great Britain.
Cute story, right? Well, though it represents a rich and detailed part of our modern-day history, trading at its core was able to keep some of the ancient principles that worked well. This way, they continue to apply new and innovative ways of thinking. As a result, Forex trading platforms today are combining the most out of the two, seemingly different areas of market trading.
On our way of conducting thorough and detailed research of what trading platforms today have to offer, we have come across a relatively new name in the Forex industry. Who is Securedvc? How did they come to be and what do they represent? Keep reading to find out how an honest and impartial Securedvc.com Forex review looks like. We aim to provide you a straightforward Securedvc feedback.
Brand and Reliability
Early on, when you encounter the name of Securedvc Forex, you will notice their main goal in the trading business. Those are security and reliability. Namely, Securedvc is a new name that strives for perfection. And how do they do that? Well for starters, they continue to research and improve their overall image. This way, they hope to build the trust of the clients across the globe.
Securedvc does not discriminate – no matter where you’re from or how much (or little!) experience you might have, you are welcome to join. The platform encourages you to constantly explore and research new ways of trading. This way, with joined efforts, you can help the brand improve, and enjoy the success they share with you.
In this Securedvc.com review, we will also explore some less-known facts about the market in its entirety and try to take away the stigma and present to you an honest picture of this alluring business and its mysterious parts.
Securedvc has one key goal in mind – providing the complete package of business services in trading. From different types of trading assets to advanced marketing strategies, the brand will guide you through your trading adventure step by step.
As the name would suggest, the brand aims to provide you with the utmost security since the very first step you take on the market. Especially today, with widespread of the internet, you have a tough choice of who to put your trust in. Securedvc aims to reassure you by creating the safest possible trading environment. From enforcing cutthroat policies to building impermeable firewalls, nothing is too big when it comes to your protection.
Safety and Security
When you click on the “Terms & Conditions” section of the website, a new window of opportunity shows up. You will notice that this brand makes it clear right away that they do not negotiate when it comes to the safety of their clients. They aim to impose strict measures when it comes to trading and this way, they contribute to the improvement of the entire trading community.
On the road of completing this goal, Securedvc vows to work closely with law enforcement in order to prevent money laundering, fraud and terrorist acts that aim to disrupt the trading world. This is an issue that was present within businesses since early history. Luckily, as they grow, the measures of protection improve as well. This way, your safety is put on a top spot as a number one priority for trading platforms.
Further along, you can read all about the Securedvc plans to contribute the law officials in combating these issues and protecting you, your information and your funds. As you continue scrolling, you will find different sections that further explain each part of the website in great detail.
As with any other reputable platform, Securedvc imposes strict regulations when it comes to the very first step – creating your account. Of course, you need to be at least 18 years of age if you wish to engage in trading. This is a standard restriction, which is present in almost every other part of your life – from voting to driving.
Furthermore, you will need to give your permission for use of the information you provide. The website kindly notes that they will not use all the info you input for anything other than your account creation. The encryptions which Securedvc applies makes it impossible for anyone to use that information for any other purpose. Not even the company’s top officials! This way, your trust is secure and intact while you trade.
One other important fact that you are agreeing to when creating your account is that you will not help others to try and abuse the generosity of the market. All of the processes that go on while trading is confidential. So, any attempt of fraud or money laundering will be punished harshly. Don’t say you haven’t been warned!
What is KYC?
Short for “Know Your Customer”, this is a type of regulation that prevents identity theft, and overall ensures safety within the world of finance. In addition to verifying your identity as a part of the creation of your account, KYC is applied in other aspects of trading and banking. Mainly, it is used as a measure of anti-bribery. It takes into consideration not only clients but also agents, consultants, and distributors. Banks and other institutions today make it their priority to ensure that the identity of their customers is legit, so they can prevent any damage or abuse within the financial world.
Main standards of the KYC regulation include:
customer acceptance policy – this is the main part of the verification process. It includes the acceptance of your information based on their reliability
customer identification procedures – proving your identity by providing relevant documentation. These include your ID card or a copy of your passport
monitoring of transactions – each deposit or withdrawal made through a platform is monitored with utmost strictness and top technologies. This is important not only to ensure safety but also transparency.
No matter how involved you are in market trading, the first thing you need to know is that it is quite risky. Like in any other business, there are ups and downs. And though you cannot fully protect yourself from the risk, you can take some preventative measures. The most important one is educating yourself in order to try and be prepared for hard times.
Trading is quite risky, but that is the basis of its appeal, too. Leverage is one of the most important factors that contribute to your success in the market. Based on it, you can decide on your individual exposure to the market. This way, you will be able to decide on the spread of your investment, as well as its use of different types of assets.
The Securedvc trading platform is the embodiment of all the features we listed before. From security to asset availability, eventually, it all comes down to the platform and how appealing it is. At Securedvc, you have the advantage of an easy-to-use platform. This platform displays all the assets and shows you their performance.
Here, you can watch how different stocks, currencies, and indices are performing on the market in real-time, no matter where you are. The huge advantage of the Forex trading market is that it is always open. Regardless of your time zone, you can always engage without fear of missing out.
And if all the numbers, rows and columns seem rather confusing, don’t stress! You can redirect your attention to the appealing charts, which show how a certain asset is taking on a trend. Simple colors and symbols make it quite easy to catch on and keep up with the excitement on the market.
In the end, the trading platform you choose can only take you so far. And while Securedvc provides a lot of advantages, you remain an independent trader. This way, all the risks and fears fall on your back, and you are the one that gets to face the consequences. This is why it is especially important to have a secure and reliable platform to guide you through it all.
Securedvc capable team of brokers and staff are available for all the questions you may have. By creating this direct and open relationship you will gain a sense of stability and comfort you need to take over the world of trading. This brand aims to gain and keep your trust by keeping a transparent insight into their operations. That way, you can always ask a question or raise a concern without fear of not being acknowledged. Let’s wait and see if the Securedvc brand will be able to stand the test of time!
FXVC has had quite a rollercoaster ride since first being established back in 2014. A lot of innovations have been introduced since then – from better spreads to a wider range of tradable assets. FXVC is one of those platforms that aims to contribute to a more fun, as well as safer trading environment for all. The question is – is it succeeding on that mission?
In this article we will dig deep in hopes to giving you a full FXVC feedback – from what the brand represents and its reliability, to the spread of assets it offers and special advantages that make it pop on the market. Read along if you want to find out!
From the very start, FXVC has aimed to treat and acknowledge each individual trader with utmost respect. No matter how crazy you think your trading dreams are, nothing is over the top for FXVC. By constantly improving and applying new strategies in trading, this platform tries to keep in touch with their clients and listen to their feedback, in order to improve their business even more and become more attractive to a wider range of users.
One of FXVC’s main goals is transparency – everything they do in order to improve your trading adventure is available for your consideration and analysis. This platform is regulated by the Cyprus Security and Exchange Commission, CySEC for short, which is one of the most reputable regulatory bodies out there. This body is created with a clear vision of making the trading world as safe and as transparent as possible. They are constantly creating and improving their policies while making sure all the brands they are regulating are following in their footsteps. In addition, they provide annual reports about all of them, which you can find easily on their website.
CySEC also helps you improve your knowledge about this industry by holding regular seminars and lessons all around the globe. Everyone is welcome to join and learn new and exciting things about market and its regulations. CySEC makes it a priority to fight against terrorism and fraudulent activities, which is part of the reason why it is subjecting all their brands to such harsh regulations.
How is this beneficial for you to know? Well, CySEC helps you, as an individual trader, to feel more confident and powerful on your trading journey. When you are trading on a platform that is regulated by this body, you know that the platform would never allow any breaches or mistakes. Because if that would have happened, the trust would be lost, and traders would scatter to other platforms. Not to mention – huge fees and punishments would be imposed for the platform itself. This is why FXVC always keeps in check by regularly complying with CySEC requests and regulations.
As a brand, FXVC aims to be as inclusive as possible. That’s why, whether you are an avid stock trader or you are looking to dip your toes into some cryptocurrency trading, you will find something you like in no time.
FXVC has created its own proprietary trading platform, which is ensured with many safety firewalls and security systems. This is quite important when doing business online – any business, but especially the one that has a lot of money at stake. In the case of FXVC, the platform encrypts all of the information you are inputting, making it impossible to be traced or abused in anyway.
When you visit their platform, you can choose between 4 major asset groups:
CFDs – contract for difference for short, this a new and exciting way to trade without unnecessary fees and commissions. When you choose a CFD, you are not owning any real asset – rather, you are speculating on the direction in which its value is gonna go. That way, a lot of the pressure is taken away from you, so you can focus on making the smartest trading decision
currency pairs – the currency pair of the world are traded in one unique market called Forex (Foreign Exchange). This type of market is special for many things, one of them being that it is always open, except for holidays. This is the place where you are sure to keep updated and on top of your game, since it is one of the most liquid markets in the world
stocks – of course, the stock exchange is one of the longest standing traditions, and FXVC acknowledges that. You can watch how the stocks of the biggest companies in the world are being traded in real time and act accordingly
cryptocurrencies – who can forget about Bitcoin? Cryptocurrencies are taking over the world for the past couple of years, and getting in on the action is even easier with FXVC. This way you can track how they are performing on the world trading market, while assessing their individual goals and achievements.
With the fast-paced world of trading, customers want everything done as efficiently as possible. This is one of FXVC’s main achievements. No matter which type of payment method you choose, the trade executions process is instant. In addition to low and stable spreads, FXVC aims to bring you as much safety as possible in trading.
Each trader can request their own broker to help with this process. That way, you can establish a long-lasting relationship of trust with your broker, who will be there to guide you through any hardships you might stumble upon along the way.
Education is of outmost importance, and trading is no different. This is why FXVC is constantly improving their educational section with e-books, economic calendar, video tutorials and other learning materials.
As you progress through different account types that FXVC has to offer, you will be presented with a wider range of educational tools. From expert analysis to regular SMS and notification announcements, your trading journey is sure to become a lot more exciting and filled with new tips and tricks.
These trading tools are accommodated neatly through an extremely well-designed trading platform. Easy to use and adjust to, FXVC platform is transparent and simple to follow. With different types of charts and appealing colors, watching the market performance is easier than ever before.
FXVC customer support consists of a team of staff which are knowledgeable and efficient – everything you want customer support to be. You can reach them through many different channels including phone, e-mail and chat. You query will be addressed within 24 hours maximum. And if you find it easier to do your own research – you can redirect to FXVC FAQ page. This page is regularly updated with new answers for your convenience, so you can begin your trading journey as effortlessly as possible.
Finding the trading platform of your dreams is a challenge unlike any other. Many ups and downs along the way could make you feel discouraged, which is why we created this FXVC feedback in hopes to make your job a little easier. With a user-friendly platform and reliable regulatory body, FXVC strives to be at the top of the trading game. This is not easy since there are many platforms trying to do the same. However, these are some of the most distinctive features which make FXVC stand out much more easily.
Have you considered running your own brokerage? You should. The forex trading industry is a huge business. More than $5 trillion is traded each day in the Forex market. Thanks to its massive profit potential, this industry continues to draw an ever-growing number of investors. Profits and losses can be practically unlimited with proper risk management in place, so it obvious why so many brokerages are being opened to claim their share of the market.
Starting your Forex brokerage can be an exciting business opportunity. As with any other business, it makes sense to do some homework on how to become a Forex broker and then construct a Forex brokerage business plan. You need to be aware of key aspects, such as where you will be registering your brokerage and what trading instruments you will be offering.
The biggest decision you can make in the beginning is whether you want to open a brokerage from scratch or opt for a white label solution. To help you make your decision, we have compiled a comprehensive, step by step, a guide on how to start a forex brokerage firm.
How to open your own Forex company from the ground up
Apart from investing a lot of time and effort, opening a forex brokerage from scratch requires solid start-up capital. Complying with all the legal requirements, negotiating with banks, building an attractive website will take up a lot of time. On the other hand, there is a big benefit to doing thing this way. The entrepreneur keeps 100% of profit and has full control over your business. To make things easier to understand, we have highlighted 8 important steps to follow in order to open a forex company.
Do your research!
First of all, you need to define your target regions. You should select a jurisdiction to register your brokerage based on the knowledge where your customers will be coming from. This is a huge decision, as the licensing requirement can vary greatly from one country to another. Often it is easier to start own forex brokerage in a place different from your origin. For example, many companies that serve traders from around the world are based in Cyprus for tax and legal purposes. This is why it is essential to Compare the legal requirements of several jurisdictions before making a decision.
Formulate your business plan
Yes, creating a thorough business plan may sound daunting. Even if you feel it would be a waste of time, there is plenty of benefits to it. Creating a new financial company is a long journey and having a Forex brokerage business plan will definitely help to streamline this process. Your plan needs to consist of target market descriptions, start-up capital, marketing, and social strategy, projected profits and expenses, competitor research, etc.
Gather start-up capital
Usually, capital requirements are set by the jurisdiction. You need to contact the financial regulator in your jurisdiction to learn what the minimum initial capital size is. In addition to this, it can be very costly to set up a forex brokerage. Always keep in mind that you will need sufficient funds to cover operating expenses during the first 6 months to a 1-year period at least.
Choose your partners
Every brokerage needs a reliable payment services provider. There is no way around this. The only way to compete in the market is to have a stable payment processing system. It can be a good idea to negotiate with more than one system. This way, you will have an alternative option in case the primary payment processor’s software fails. You should always be able to provide different deposit and withdrawal options to your clients.
When it comes to leverage, you must negotiate a line of credit with a bank. As this process is often arduous due to the bank’s complicated verification and approval procedures, plan ahead and allow enough time for this process.
Making yourself visible online
At this stage, you will want to create a website and decide what trading platform you want to use. You can go for the standard MT4 or have additional services, such as Android/IOS app, or even your own branded web trader. Building a high-quality website can eat up a lot of time, so plan ahead and tackle this step early on.
Choose and equip your office
Your brokerage will need to host several different departments. At a minimum – IT-personnel, financial personnel, customer support team, marketing and sales teams, compliance officer. In the beginning stages, when there is low trading volume, some of the roles can be executed more efficiently. If an employee has proper qualifications, he can easily combine several roles. This will of course change as your business scales up. In today’s startup culture, virtual offices are becoming more and more common. However, you will most likely need to set up a physical office location.
Testing is the key to success. You will only have one shot at making a successful launch. So, be sure to allow enough time to test everything before your brokerage goes live. Professional testers should take their time and test everything several times including – the platform, payment processing systems, the terminal, the app, etc. This time can also be used efficiently to train your personnel, especially the customer service department.
This is the most exciting part. This is where months of hard work will start to pay off. Don’t forget that your involvement doesn’t stop here. It is crucial to support your launch with a well-developed marketing campaign.
Using a White Label solution to become a Forex broker
For those who feel that starting your own brokerage from scratch is too complicated, there is a more elegant solution. Many large brokers offer Forex White Label solutions. This means that you will be in charge of running the “storefront”, while all technical trading operations are handled by the large brokerage. Forex While Label business has drastically lower set up and operating expenses. In addition, it doesn’t have to comply with capital requirements. For the majority of people starting their own business, this solution is much more acceptable than setting up a forex brokerage from scratch. In the following step-by-step guide, you can see in more detail how this approach differs from the previous one.
Choose your partner
Even though there are many brokers that offer Forex White Label solutions, it is vital to choose a reliable partner to avoid customer disappointment. During the research, pay close attention to things like the safety of funds, quality of execution and flexibility.
Research legal requirements
In most parts of the Western world, you are required to register and get licensed as a broker. However, there are many jurisdictions where incorporating a company is enough. For example, you can register your company in one country, but set up your offices in another country entirely.
Formulate a business plan
This part is mostly the same as if you were starting a company from the ground up. Building a proper Forex brokerage business plan will help you keep focused and on track.
Grow your brand
To make your brokerage look like a trustworthy business, you need to have a high-quality logo, branded materials, and professional content. Forex While Label business can function completely online as it doesn’t need nearly as many personnel. You need to decide whether investing in a physical office will be beneficial for your brand in the long-run.
Offer additional services
As a new kid on the playground, you will need to offer some competitive advantages. Your customers should have an easy time working on your platform. You can offer them incentives like educational material, or trading copy software. Make your platform as user-friendly, and content-rich as possible.
Even though you will receive a ready-made trading platform, you should still devote some time to testing to check if everything works correctly.
For those looking to start their own brokerage, Forex White Label can be a good starting idea. This option will drastically cut down on the legal and capital requirements as well as the set-up time. Significantly lower operational expenses will especially come in hand during the first few months while you are still expanding your customer base. As your business expands, and your trading volume starts to grow you can start thinking of becoming a Forex broker with full control over operation and profit. When you have already built up a name for yourself in this industry, it is much easier to secure additional financing.
Online trading represents all trading activity done on the internet. As a trader, you buy or sell financial assets on a trading platform that is offered by a brokerage or a bank. Whatever decision you make is transferred instantly via the trading platform to the broker and executed immediately. This is why an active internet connection is necessary (hence the name ONLINE trading).
Ever since the 1990s, online trading has been growing exponentially due to the availability and ever-increasing affordability of high-speed computers and internet connections:
Internet: Nearly 60% of the global population are active internet users as of January 2020, and the global online penetration rate is growing by the year
Computers: Moore’s law suggests that a computer’s processing power can double every two years. This performance has enabled investors to execute their trades from the comfort of their homes
Thanks to these two rising trends, there has been a massive growth of online trading worldwide. More and more people are now able to trade online, and it seems that the number of traders will keep on expanding given the fact that currently, there are over 1.7 billion mobile phone users who are excluded from the financial system. Online trading can offer many more benefits when compared to the traditional, pre-internet era of trading.
Advantages of Online Trading
Before the use of the internet, Investors had to handle all of their trading operations via mail, telephone or fax machines. Buying or selling decisions had to be made via the telephone with their broker. This was slow and inefficient as brokers needed to confirm all transaction details like – price, quantity, length of trade, type of trade, exit price and much more.
Not only has the ease of trading drastically improved, but the simplicity and quality of tools, instruments, and methods of analysis. In the pre-internet era, investors would need to construct charts of paper. Even as early computers became available, traders had to manually calculate many values on their own.
Nowadays online trading platforms allow a wide range of order types. All of them can be set up manually via the brokerage of your choice. This is hugely beneficial because it allows traders to prepare a precise trading plan with the exact buy, sell and exit-entry orders.
Another benefit is in no restrictions on how you can trade. Traders can select any trading strategy they prefer. When trading online, you can choose any of these styles:
Scalping – short term trading
Many of these trading styles seemed intangible just a few decades ago when a call to the broker was still needed.
Thanks to online trading, more financial instruments are accessible to traders than ever before. Now you can execute trades on:
Forex (Foreign Exchange) market -Trade currency pairs like the EUR/USD, USD/GBP, and USD/JPY
CFDs on Commodities – Trade CFDs on commodities like Gold, Crude Oil, and energy
CFDs on Indices – Trade CFDs on the DAX30, NASDAQ, and others
CFDs on Shares – Trade CFDs on the stocks, like Apple, Tesla, and McDonald’s
ETFs – Trade collection of securities like stocks, bonds, or options
Bond CFDs – Trade on the fluctuations in the value of corporate or government bonds
Cryptocurrency CFDs – Trade based on the price movements of Bitcoin, Ethereum, Litecoin
As you can see, there are many assets you can trade and analyze. Forex market is one of the more popular choices for beginners. It consists of many currency pairs including the major ones (Forex Majors) – the EUR/USD currency pair, the GBP/USD currency pair, and the USD/JPY currency pair. Then there are Forex Minors – the EUR/JPY currency pair, the GBP/AUD currency pair, and the GBP/JPY currency pair.
Furthermore, there are also Exotic Pairs such as the EUR/NOK currency pair, the NZD/SGD currency pair, and the USD/HUF currency pair. Of course, there are many more pairs than just these, but new traders should limit themselves to just a few basic ones in the beginning.
How to choose an online trading platform
As there are many options to choose from, new traders should focus on selecting a trading platform that can offer a simple way to trade and access the financial market. In addition to executing trade orders, you will want your platform of choice to be able to do other tasks as well. Here is a list of desirable platform features:
Reliability and stability of the platform
Performing chart analysis
Changing or adding instruments for analysis
Monitoring the news
Keeping track of open and closed trades
Access to support and discussion forums and communities
As you can plainly see, it is not just about opening and closing trade orders. A good trading platform mush offers much more than that.
Another important thing to look out for is a thriving community. By making sure of this, you will gain not only valuable tutorials but also technical troubleshooting and support. In this sense, the more popular the platform is, the larger and more helpful the community will be.
Some trading platforms are based on open code and they offer strong independent development of expert advisors and plugins. All of this can be helpful to skillful traders who want to improve their trading strategy. Some are found for free within the communities, while others are developed by experts and sold at a price.
It is essential to review a platform before committing to it. You need to make sure it can offer what you need to make your trading experience as smooth as possible.
Two popular examples of online trading platforms that offer a rich set of features are MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are especially useful for Forex and CFD trading. These platforms have built a reputation for being very user-friendly.
How to Choose an Online Trading Broker
Research prior to committing to a specific broker should be a top priority. Making the right selection from the beginning can go a long way, and It can definitely improve a trader’s odds of being successful. With that in mind, there are a number of elements to consider:
Is the broker reputable and regulated?
Does the broker offer top-performing and easy to use the software?
Do they offer a wide range of tradable assets?
Do they offer support, education, and training?
What are the costs of trading?
What you need to open an account
Opening a brokerage account is an easy process that should take you no more than 10 minutes given that you have all your information at the ready. In addition to the basic information like your name and address, a brokerage will most commonly ask you for the following:
Bank account: You will need to add funds to your account and the easiest way to do it is to link it with your checking or savings account. Transferring money usually takes a day or two.
Social Security number: Your SSN is important for making sure your tax forms are in order.
Driver’s license or state ID: If the brokerage cannot confirm your identity, you may need to provide a picture of your driver’s license or state ID.
When you are on the market, trading away your favorite currencies, you may notice some systems and types of signals which could help decide on the next logical move. These are the Forex signals – and they are special types of indicators created especially to make your trading journey so much more enjoyable.
If you ever encountered other types of markets, such as the commodity market or an indices market, you will notice a whole other range of indicators. This article will focus solely on the Forex market – which is the most liquid market in the world. Forex never closes – it is open 24/7 except for the weekends and holidays and is always there for you to embrace your unique trading strategy.
These signals are based mainly on technical analysis. This is a type of study that researches price patterns mainly, but overall it focuses on all investment opportunities in hopes of finding the right one for you as an individual trader. A very special feature of Forex signals is that there are so many different kinds – there are free tutorials, the ones that require you to pay a fee or even the ones you develop for yourself over time.
These signals can execute your transactions either manually or automatically, whichever you prefer. If you choose the manual option, you will be able to decide on your own when to execute, and which trade, of course. However, this takes up a lot of time, patience and research, which can be quite tiring. This is where the automated Forex signals come in – they do all the heavy lifting for you! Depending on how you set them up, they will do all the research for you – watch the market performance as a whole, as well as analyze the currency pair of your choosing. Since the currency trading goes on in pairs (for example, USD/EUR), that’s twice the work than it would normally require for other types of assets.
Forex signals, therefore, assess these currencies as individuals as well as a pair, trying to determine some kind of pattern of performance. This takes many factors into consideration – from geopolitical activity to even health aspects of a certain country. This way, you can more easily assess and decide on your game plan.
With the automatic option of trading, you as a trader are “teaching” the software how to execute your own trades, based on an individual input of each indicator. How is this useful? Well, when you put something into an automated mode, you detract all of the emotions and are able to get a clearer image. In addition, you will be able to decide on your own what will your next trading step be, after you research the analysis this software will provide you through different Forex signals.
What is a signal, anyway? A Forex signal is a particular trigger of any kind, that can set an action on the market into motion. This action could be a drop or a surge of the value of a certain currency, or rather an exchange of buying and selling that currency for another one.
These signals can also be acquired by creating mathematical algorithms. And if you’re not an avid mathematician, don’t stress! This is where that software we mentioned comes in handy. These algorithms are even more useful if they are combined with other signals, such as the economic indicators of the analysis of the current geopolitical condition.
The trade signals can use a variety of different inputs. Some of them include components from the technical analysis, quantitative analysis or even the fundamental analysis. This is the beauty of trading – everything can come in handy at some point, and bring your trading adventure onto a whole new level that you never even imagined. The ultimate goal being for you to make the smartest possible trading decision.
These Forex signals are also quite important for improving your entire portfolio – they help you decide when is the best time to make a certain trade happen. For bond traders, for example, this is important for determining how long to hold onto a certain asset. In addition, they can also help you decide how and when to switch from different currency pairs and asset classes, creating a unique ability to engage with each part of the market.
Trading signals can be as simple or as complicated as you make them out to be. While using a few simple inputs can help save a lot of time, a more extensive analysis can bring you to see a clearer and bigger picture and help your trading journey in the long run. And though using much more indicators can take up more time than you originally planned, it can help you assess your trading situation better and save you a lot of profit.
There are several ways of creating your own unique trading signal. And while many traders choose the most common and simple ones to get buy, if you choose to invest some of your time into them, you could come out on the other side as a trading pro. Here are some of the examples:
Technical patterns – these types of patterns are based on the mathematical equations and symbols, giving you a visual and clear picture of the currency pair performance on the market
Moving average patterns – this is a more complex type of indicator. It assesses moving averages of different currencies, and you should watch how they interact with each other or where they meet
Volume – this is a common indicator, so much that many traders take it for granted sometimes. The volume of a certain asset shows you how much do traders turn to it and how often they invest in it, bringing you to a state of easier decision making
Interest rate – the decision on interest rates is a pretty major one, and takes into consideration many different aspects of a political and economic landscape of a certain country. This decision is made by central banks, but you can assess them after they have been announced and create a trading signal of your own
Volatility – this is quite an important signal that you may have found yourself using without a second thought. It is quite significant no matter which currency you’re trading. For example, the Japanese yen is considered to be the most stable currency, so its volatility is low. Still, with highly volatile assets you can have chances for a bigger profit, too.
These are just some of the many examples of Forex signals that can be found on the market. Who knows, maybe you can come up with a whole new one in your next trading day! In the meantime, you can join the variety of traders from all around the world that found these signals quite useful. When you’re trading in real-time, this can be even more challenging. However, you can easily find a unique way these signals can come in handy the next time you try to create your trading strategy. And with so many different Forex signals out there, it is only a matter of time when you find the perfect combination to suit your trading dreams.