Forex features and how to get started. Get the chance negative balance protection and high leverage.

What is Forex?

To make this simple, imagine you are getting ready for a trip to New York and you exchange 500 Euros into Dollars. A week later, your trip is unfortunately cancelled and you decide to change your Dollars back into Euros. Surprisingly, you end up with 505 Euros: a profit of 5 Euros!

This is known as a profitable foreign exchange trade. You initially purchased Dollars at a certain rate of exchange and during the week that followed, the value of the Dollar went up against the value of the Euro.

Without even meaning to do so, you managed to make a small profit as you bought your Dollars at a low rate and sold them back at a higher rate – the aim of any successful trade.

Nowadays, there is no need to go to a bank or post office, or even leave your house for that matter – you can simply trade online using your home computer or mobile phone.

As mentioned above, from the palm of your hand you can trade Forex, which includes currencies such as the Dollar or Euro, a variety of Commodities such as Gold or Oil and even major market indices.

Explains many features of forex

Choose an NDD-type broker that offers transparent trade.

It is unclear what the DD type broker actually does because the broker operates between you and the market.

There are some brokers which can lower spreads by profits that beat traders.

Spreads are a source of revenue for forex brokers.
And the NDD type tends to spread more than where the spread is using the DD type. However , orders for NDD- type brokers are highly transparent, and there is no operation, such as losing due to rejection, and the execution power is high.

Forex broker also allows you to trade stock indices and individual stocks in the above environment without further proof.

“Bonus” that can trade more than the deposit amount is luxurious.

Brokers such as XM have a “bonus” mechanism.

You cannot withdraw bonuses, but you can withdraw any profits that result from trading with the bonuses.

・No Deposit Bonus

A bonus that allows you to trade without deposit. you can trade with this as margin.

This bonus is granted when you verify your identity after opening an account.

・Deposit Bonus

Bonus given to your account when you make a deposit.

Usually, a 100% deposit bonus will be given to your account on the first deposit.
If you have this bonus, you will be given a bonus for the amount you deposit, so you can trade twice as much as the deposit amount.

Is high leverage dangerous?

Yes, of course, it is dangerous if you spend all of the money in your account.

But if you are trying to trade the same amount, for example, $10,000, high leverage is by far the best.

The margin required for trading 0.1lot (10000 currencies) in EUR / USD is only $ 12.3.

4 carefully selected! Recommended Forex broker ranking

How to start forex easily in 5 steps

Choose a forex broker

It is also true that while some brokers offer excellent FX services, unauthorized and vicious forex brokers are hiding.

I think the criteria for avoiding bad brokers are as follows.

• whether the broker has a financial license
• Business size and name recognition
• reviews
• Execution power (whether there is no execution refusal)

And so on.

By identifying the brokers that do not fit these, you can select the forex broker that suits you best.

・Recommended forex broker for those who start forex

If you choose an unscrupulous broker, you may not be able to withdraw money even though you have earned it.

So it is important to select a good and reliable forex broker.

Create an account with the broker of your choice

After selecting a broker, access the official website of the forex broker(if it is XM, here ) and enter the necessary information.

Complete the form below as they are displayed in your identity document.

After completing the form, you will be required to submit an identity document.

Generally, it is sufficient if you have a recent utility bill (eg electricity, gas, water, phone, oil, Internet and / or cable TV connection, bank account statement) to prove your license, passport and address.

Install trading software

Most Forex brokers support both trading software “MT4” and “MT5”, which are distributed on the website of Forex brokkers, so let’s download and install it.

Deposit to the created forex account

Let’s deposit if you can do so far.

There are two main deposit methods, Bank Transfer and Credit Cards.

The recommended deposit method is a credit card .
If you pay by credit card, the deposit will be reflected immediately.

However, it is required that the name of the account and the name of the credit card be the same.

Based on the above, to start FOREX immediately

This is a series of ways to start forex.

Also, if you are new to forex trading, it is a good idea to acquire technical knowledge such as how to read charts by searching through technical analysis.

For those who are starting FX, please refer to the following carefully selected forex brokers.

If you have a good account, you can open an account and start forex!

4 carefully selected! Recommended Forex broker ranking

Forex Comparison Chart | Compare spread, leverage and loss cut level.

Average spread

*GEM is GEMFOREX. Standard account for both GEM and XM.
*AXOIRY is a nano spread account and includes a commission
*TitanFX is a blade account and includes a commission ($7)
*2 When adding the XM loyalty program (-0.67 pips after 100 days)

Leverage

Stop-Out Level