How to Get OctaFx No deposit Welcome Bonus

OctaFx No-Deposit Welcome Bonus :

For Those Who are just going to explore the Forex World, You can Kick-Start Your Forex Way, With OctaFx For Absolutely Free :)  

Yes, You can get a Welcome Bonus of 8$ with their 'Micro' account..

Bonus Rules :                               

•  This Offer is for new Clients.
•  You Have To Open 'Micro' Account to Qualify for Bonus.
•  You have To fully get 'Verified' to Qualify For Bonus.
•  Only 'Profit' is withdraw able.. Not the Bonus.
•  You have to Trade at least 2 St.Lots to Withdraw the Profits. 

So, What are you waiting For , Go & Get it now ;) 

Click the Banner Below to Go For it =>   

                                         

Popular Forex

Hi everyone..!

I have decided to express my personal Forex experience & share a list of forex brokers who are good in market with some special qualities..


Parameters are :   

• Tight Spreads
• Less Slippage
• Instant Order Execution
• Fast Deposit / Withdrawal
• Client Satisfaction
• Good Customer Support Services
• Customer Remarks/Reviews/Testimonials 
• Best affiliate Commissions 
• Multiple Payment Options
• Decent Leverage Options
• Multiple Account Types 

So, Here we go for a list of them. . .

1. XM

2. LiteForex 

3. Exness
   
4. OctaFx
   
5. FBS
   
   

Earn Money on Forex ( Intro & Ratings )

Hi Everyone !

Today, i have decided to write on briefly about 'Forex' system, and give you guys an overview of its strategies & scope of earnings. . .

So, lets get started with Introduction to Forex. . .

 
Intro & History :- 

The word FOREX is derived from words 'FOREIGN EXCHANGE' and its also the largest financial market of the world. 

An estimated figures tells that, This business generates US$ 4 Trillion Daily :p

aahhh.. It's really that big figures :)  

  

Forex, unlike other financial markets, is not tied to an actual stock exchange. Forex is an over-the-counter (OTC) or off-exchange market.

Purpose

The foreign exchange market is the mechanism by which currencies are valued relative to one another, and exchanged. An individual or institution buys one currency and sells another in a simultaneous transaction. Currency trading always occurs in pairs where one currency is sold for another and is represented in the following notation: EUR/USD or CHF/YEN. The exchange rate is determined through the interaction of market forces dealing with supply and demand.
Foreign Exchange Traders generate profits, or losses, by speculating whether a currency will rise or fall in value in comparison to another currency. A trader would buy the currency which is anticipated to gain in value, or sell the currency which is anticipated to lose value against another currency. The value of a currency, in the simplest explanation, is a reflection of the condition of that country's economy with respect to other major economies. The Forex market does not rely on any one particular economy. Whether or not an economy is flourishing or falling into a recession, a trader can earn money by either buying or selling the currency. Reactive trading is the buying or selling of currencies in response to economic or political events, while speculative trading is based on a trader anticipating events.

Background

Historically, Forex has been dominated by inter-world investment and commercial banks, money portfolio managers, money brokers, large corporations, and very few private traders. Lately this trend has changed. With the advances in internet technology, plus the industry's unique leveraging options, more and more individual traders are getting involved in the market for the purposes of speculation. While other reasons for participating in the market include facilitating commercial transactions (whether it is an international corporation converting its profits, or hedging against future price drops), speculation for profit has become the most popular motive for Forex trading for both big and small participants.

Who trades currencies, and why ?

Daily turnover in the world's currencies comes from two sources:

• Foreign trade (5%). Companies buy and sell products in foreign countries, plus convert profits from foreign sales into domestic currency.
• Speculation for profit (95%).

Most traders focus on the biggest, most liquid currency pairs. "The Majors" include US Dollar, Japanese Yen, Euro, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar. In fact, more than 85% of daily forex trading happens in the major currency pairs.

When and where are currencies traded?

Forex is open 24 hours a day, 5 days a week. It is up to you when you want to trade – full-time from 9 to 5, part-time after work, or once a day, before going to bed.
Unlike a stock market, the foreign exchange market has no physical location. It is rather a decentralized electronic network of banks and forex brokers.

Which currencies can be traded?

Forex currency symbols consist of three letters. For example, USD stands for the US dollar, EUR for the Euro, and JPY for the Japanese Yen. Some currencies are also known under nicknames:

• American dollar (USD) = Greenback
• British pound (GBP) = Cable or Sterling
• Swiss franc (CHF) = Swissy
• Canadian dollar (CAD) = Loonie
• Australian dollar (AUD) = Aussie
• New Zealand dollar (NZD) = Kiwi 

• The major Forex pairs and their nicknames:

Pip 

Pip stands for “percentage in point” and it represents the smallest change in price that a currency pair can make.
The smallest increment of price movement a currency can make. Also called point or points. For example, 1 pip for the EUR/USD = 0.0001 and 1 pip for the USD/JPY = 0.01.

Leverage 
 
Leverage is the ability to gear your account into a position greater 
than your total account margin. For instance, if a trader has $1,000 of margin in his account and he opens a $100,000 position, he leverages his account by 100 times, or 100:1. If he opens a $200,000 position with $1,000 of margin in his account, his leverage is 200 times, or 200:1. Increasing your leverage magnifies both gains and losses.
To calculate the leverage used, divide the total value of your open positions by the total margin balance in your account. For example, if you have $10,000 of margin in your account and you open one standard lot of USD/JPY (100,000 units of the base currency) for $100,000, your leverage ratio is 10:1 ($100,000 / $10,000). If you open one standard lot of EUR/USD for $150,000 (100,000 x EURUSD 1.5000) your leverage ratio is 15:1 ($150,000 / $10,000).

Now days Fx Brokers are offering leverage 1:50  to 1:1000 ect.. 
Margin

The deposit required to open or maintain a position. Margin can be either “free” or “used”. Used margin is that amount which is being used to maintain an open position, whereas free margin is the amount available to open new positions. With a $1,000 margin balance in your account and a 1% margin requirement to open a position, you can buy or sell a position worth up to a notional $100,000. This allows a trader to leverage his account by up to 100 times or a leverage ratio of 100:1.
If a trader’s account falls below the minimum amount required to maintain an open position, he will receive a “margin call” requiring him to either add more money into his or her account or to close the open position. Most brokers will automatically close a trade when the margin balance falls below the amount required to keep it open. The amount required to maintain an open position is dependent on the broker and could be 50% of the original margin required to open the trade.
Spread  

The difference between the sell quote and the buy quote or the bid and offer price. For example, if EUR/USD quotes read 1.3200/03, the spread is the difference between 1.3200 and 1.3203, or 3 pips. In order to break even on a trade, a position must move in the direction of the trade by an amount equal to the spread.