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ONLINE CURRENCY TRADING-7 TIPS FOR FOREX TRADING SUCCESS

An online currency exchange, or electronic forex exchange, is an internet Based platform that facilitates the exchange of currencies between countries. Online currency exchanges make money by charging a nominal fee and or through the bid\ask spread in a currency. Best trading broker easily trade in forex business and transact the money by electronic platform. The business of trading in different currencies in order to profit from exchange rate differentials. Currency trading of forex trading refers to buying and selling national Currencies to either make profit or hedge businesses.

HERE ARE THE SEVEN IMPORTANT TIPS FOR FOREX TRADING SUCCESS:-

  • DEFINE GOALS AND TRADING STYLE
  • THE BROKER AND TRADING PLATFROM
  • A CONSISTENT METHODOLOGY
  • DETERMINE ENTRY AND EXIT POINTS
  •  CALCULATE YOUR EXPECTANCY
  • FOCUS AND SMALL LOSSES
  • POSITIVE FEEDBACK LOOPS

1. DEFINE GOALS AND TRADING STYLE: – The goal of trading is to seek out profitable patterns in movements in price, to seek to be on the right side of the trends that you are seeking to trade, with a certain tolerance level which would indicate that the trend is over and a reversal is more likely. Goals offer direction, something to aim for when trading the markets and give a sense of achievement each time a target is hit. The goal of day trading is to generate profits from the price action of the underlying financial instrument in the shortest period of time. It plays an important role to give success in the forex trading. Moreover, a trading style is a set of preferences that determine how often trader trade and how long they will keep those trades open for. It will be based on your account size, how much time trader can dedicate to trading, personality and risk tolerance.

2. THE BROKER AND TRADING PLATFORM: – It plays an indispensable role to understand the trading skills of online currency trading. A brokerage platform is defined as software provided by brokerage companies, which gives the opportunity to perform trading activities and manage trading accounts. Brokerage trading platforms are software that can analyze financial market transactions and activities, evaluate the risk associated with trading opportunities, and ultimately facilitate investors and traders opening, closing, and managing market positions

3. A CONSISTENT METHODOLOGY: – A consistent business methodology means a system of broad Principles or rules that determine how specific procedures or methods can be defined and followed to help managers make right decisions and solve different problems efficiently within the scope of a particular business situation. An example of a business methodology would be determine how, in a defined, planned manner, you test something, validate results, establish the deliverables and to improve and monitor that “thing” on an ongoing basis. Methodologies demonstrate a well thought out, defined, repeatable approach. It is very helpful to trade in the forex business and understand every technique.

4. DETERMINE ENTRY AND EXIT POINTS: – A forex entry point is the level or price at which a trader enters into a trade (buy/sell). Deciding on a forex entry point can be complex for traders because of the abundance of variable inputs that move the forex market. It also refers to the price at which an investor initiates a position in a security. In order to participate in an investment, traders must engage in a transaction, buy or sell. Moreover, an exit point is the price at which an investor or trader closes a position. An investor will typically sell to exit their trade because they are buying assets for the long term. A trader may also sell at an exit point, or they may decide to buy to close the position (if they were short).

5. CALCULATE TRADER EXPENTANCY: – The expectancy ratio is then calculated by taking the reward to risk ratio and multiplying it by the win ratio, and then further subtracting it from the loss ratio. This means that this trade will return 0.2 times the size of your losing trades. Most of forex strategies tend to have 50% to 70% win rates, depending on market conditions, with a reward: risk of ratio of 1.5:1 or higher. That means that on average about 60% of my trades and my gains are bigger than my losses. Without the understand of the forex traders expectancy, a forex broker could not trade in the online currency trading.

6. FOCUS AND SMALL LOSSES:-To understand the forex market and currency trading, firstly, a trader focus on the undercapitalized the money relation to the size of the trades that they can make. There are many rules to focus on the online currency trading is that always use a trading plan, treat trading like a business, use technology to trader advantage, protect trading capital and many more. Most of the intraday traders lose money because they fail to understand the market movements and end up taking wrong decisions.

7. POSITIVE FEEDBACK LOOPS:- Positive feedback—also called a positive feedback loop—is a self- pattern perpetuating of investment behavior where the end result reinforces the initial act. For asset bubbles, positive feedback loops can propel the price of a security far above its fundamentals. Positive feedback trading is a trading strategy that implies buying when prices rise and selling when they fall. A large number of studies have documented the existence of positive feedback trading around the world in both developed and emerging markets. Positive feedback is a process that occurs in a feedback loop which exacerbates the effects of a small disturbance. With the help of trading products a forex broker easily trade and understand the skills of the forex market.

Why Are Interest Rate Important For The Best Forex Brokers

INTEREST RATES: – The real interest rate is the nominal interest rate less inflation. Best forex traders must keep an eye on each Country’s Central bank interest rate and more importantly, when it is expected to change, to forecast moves in currencies. Higher interest rates increase the value of a country’s currency. Higher interest rates tend to attract foreign investment, increasing the demand of country’s currency.

WHAT IS POINT OF INTEREST IN FOREX?
A pip is the smallest whole unit price move that an exchange rate can make, based on forex market convention. Most currency pairs are priced out to four decimal places and a single pip is in the last [fourth] decimal place. A pip is thus equivalent to 1\100 of 1% or more one basis point.

DIRECT CORREALTION BETWEEN INTEREST RATES AND FOREX RATES:-
From the above focuses it is obvious that there is an immediate connection between the loan fees pervasive in a given economy just as the money worth of that economy. This is one the grounds that financial backers from everywhere in the world. Higher interest rates offer lenders in an economy a higher return relative to other countries. Therefore, higher interest rates attract foreign capital and cause the exchange rate to rise.

WHY INTEREST RATE IMPERATIVE FOR THE BEST FOREX BROKERS ARE FOLLOWING AS:-

  1. INTEREST RATE DIFFERENTIAL:- Interest rate differential [IRDS] simply measure the difference between interest rates of two different instruments. IRD is most often used in fixed income, forex and trading products in the lending markets. IRD also plays a key role in calculating a currency carry trade.

2.NOMINAL AND REAL INTEREST RATE:- A real interest rate is adjusted to remove the effects of inflation and refers the real cast of funds to the borrower and the real yield to the lender or to an investor. A normal interest rate, on the other hand, refers to the interest rate before taking inflation into account.

3.INTEREST RATE AND INVESTMENT:- Well, it is the most important thing for the forex brokers to invest some money in the forex market that they earn more profit. Investments are inversely related to interest rates, which are the cast of borrowing and the reward to lending. When interest rates rise, bond prices fall and when interest rates low, bond prices increase.

  1. In general the currencies with highest interest rates tend to perform best against rivals with smaller interest rates.
  2. It is even possible to profit from interest rate differentials by purchasing high interest currencies while selling low interest currencies. This is known as Currency trade.
  3. Forex brokers will keep close tabs on the actual interest Rates and on projected interest rate changes.
  4. Firstly, It is important for the forex broker to understand the tips and tricks to run the xtreamforex business in forex market.
  5. The relative difference in the interest rates of countries is a primary factor in exchange rate
    movement.
  6. Some of the main factors of interest rate are that important for best forex brokers:-

CREDIT SCORES:- Your credit score is one factor than can important you interest rate
Home location
Home price and loan amount
Down payment
Loan term
Interest rate type
Loan type

  1. The main point to be learned here is that domestic interest rates directly affect how global market players feel about a currency’s value relative to trading products.
  2. Interest rates are of utmost importance of forex trades because when the expected rate of interest rates of interest rates changes, the fluctuation comes under the forex currency.
  3. A key factor that important as well as influences the foreign exchange [forex] market is the interest rate. That changes made by major central banks such as bank of England [BoE], European central bank [ECB], as well as Federal Reserve Bank of U.S.
  4. The higher a country’s interest rate, the more likely its currency will strengthen currencies surrounded by lower interest rates are more likely to weaken.
  5. There are more essentially three main types of interest rates: – the nominal interest rate, the effective rate, and the real interest rate.
  6. Most of forex brokers used fixed interest variable interest for trade forex business.

CONCLUSION: – Interest rate plays an indispensable role in the forex market. Forex trading company offers different types of platforms to succeed the business. But, Interest rate is must be important for best forex brokers to directly run their foreign exchange market.

Best 5 Stocks Trading Platforms For Beginners

Stock trading platforms involves buying and selling shares in companies in an effort to make money on daily changes in price. Traders watch the short-term price fluctuations of these stocks closely and then try to buy low and sell high. This short-term approach is what sets stock traders apart from traditional stock market investors who tend to be in it for the long haul in Xtreamforex business. While trading individual stocks can bring quick gains for those who time the market correctly, it also carries the danger of substantial losses. A single company’s fortunes can rise more quickly than the market at large, but they can just as easily fall

Is There a Good Trading Platform for Beginning Traders?

E*TRADE and TD Ameritrade are choices that beginners may want to look into. TD Ameritrade has excellent educational resources that can help novice traders understand the markets and become more comfortable with trading before actually placing trades. E*TRADE’s user-friendly interface can eliminate the frustrations a beginner might have trying to navigate a trading platform. It is the best trading platform for beginners in Xtreamforex business.

HOW DO BEGINNERS TO BUY STOCKS?

The easiest way to buy stocks is through an online stockbroker. After opening and funding your account, you can buy stocks through the broker’s website .Other options include using a full service stockbroker, or buying stock directly from the company.

Types of stock trading

There are two main types of stock trading:

Active trading is what an investor who places 10 or more trades per month does. Typically, they use a strategy that give benefit to beginners to run their business and, trying to take advantage of short-term events (at the company level or based on market fluctuations) to turn a profit in the coming weeks or months.

Day trading is the strategy employed by investors who play hot potato with stocks — buying, selling and closing their positions of the same stock in a single trading day, caring little about the inner workings of the underlying businesses. (Position refers to the amount of a particular stock or fund you own.) The aim of the day trader is to make a few bucks in the next few minutes, hours or days based on daily price fluctuations.

HERE ARE FIVE IMPORTANT STOCK TRADING PLATFORMS FOR BEGINEERS:-

  • ETORO
  • TD AMERICA
  • E*TRADE
  • CHARLES SCHWAB
  • INTERACTIVE BROKERS

1. ETORO: – eToro is a market-leading social trading network, allowing traders to copy the trades of experienced investors, or receive exclusive perks for sharing their own trading strategies. With over 3,000 tradable symbols, eToro is a large global cryptocurrency exchange that offers non-U.S. customers the ability to trade forex, exchange-traded securities, and crypto. For U.S. citizens, eToro offers stock and cryptocurency trading for users residing in 44 states, to add to its existing cryptocurrency offering. 

EToro is a leading online brokerage that offers cryptocurrency trading and stock trading platform. It was among the first online trading companies to support digital currency trading when it added support for Bitcoin (BTC) in 2014. Shortly afterward, it added support for Ethereum (ETH) and Ripple (XRP).  Today, eToro supports 40+ cryptocurrencies on its popular online trading platform, provides an enterprise-grade crypto exchange for professional traders, and offers multicurrency to beginners. Through eToro’s simple web-based platform and well-designed mobile app, customers can deposit fiat currency from a debit card or bank account and begin trading immediately.

2. TD AMERICA: – TD Ameritrade is one of the larger online brokers in the U.S., so it offers multiple platforms aimed at different levels of expertise. For passive and active investors, the web-based and standard mobile app platforms are intuitive and easy to use. However, for casual traders and day traders, this platform is likely the best bet, due to its extensive screening capabilities, charting tools, and advanced analytics. All in all, passive investors, active investors, casual traders, and day traders will all be impressed with TD Ameritrade’s range of trading platforms and overall offerings.

 TD Ameritrade’s focus on the client experience has made its platforms seamless and easy to navigate. Using innovation to transform the individual client experience, TD Ameritrade puts the user at the center of the design to optimize the individual experience. TD Ameritrade web, thinkorswim, and the mobile apps are all highly customizable based on the user’s unique interests. 

3. E*TRADE: – E*TRADE was one of the first online brokers in the United States. In October 2019, it joined a growing list of online brokers who transitioned to commission-free trading on stock, ETFs, and options trades. E*TRADE has a range of offerings, including three web-based/downloadable platforms and two mobile applications, making it a good choice for both passive investors, casual traders, and everyone in between. Despite the fact it has robust features such as news, research, and screeners, E*TRADE remains intuitive and easy to use. Beginner investors, in particular, will find E*TRADE is best option in stock trading platform because of the expansive educational resources it offers.

E*TRADE web is a best trading products for beginner-friendly platform that provides streaming quotes, portfolio analysis market commentary, and educational offerings—all essential tools for the passive investor. Although it’s not built for investors who require advanced trading tools, its screeners will help them select the stocks, bonds, ETFs, or mutual funds that align with their needs and investment objectives. The E*TRADE mobile app is one and the same. It is one of the best mobile trading platforms in the market, as it’s very easy to use and offers plenty of convenient features.

4. CHARLES SCHWAB: – Charles Schwab continues to be one of the leading online brokerage platforms. The company has been at the forefront of the industry’s move to commission free stock and ETF trading and completed two large acquisitions last year, with TD Ameritrade being most notable. Schwab has brought on an additional 15.8 million customers in the past year, so it is not a niche player in the industry. Schwab has customers spanning the entire range of investor types, from novice to very sophisticated. As such, Schwab has a variety of platforms available to meet the diverse needs of its customers. Schwab brokerage platforms include a browser-based platform with schwab.com, a sophisticated and highly customizable workstation, and mobile offerings. However, customers trading exclusively in options or actively trading on margin, as well as those wishing to trade FX, cryptocurrencies, or futures may find better options elsewhere.

5. INTERACTIVE BROKER: – Founded in 1993, Interactive Brokers (aka “IBKR”) has a streamlined approach to brokerage services that focuses on broad market access, low costs, and superior trade execution. Customers can trade stocks, options, futures, forex, bonds, and funds on 135 markets from a single integrated account. In late 2020, the company launched its Impact Dashboard, which helps you evaluate assets with a socially responsible investing (SRI) lens.  Overall, it is best trading platform has consistently found Interactive Brokers to be one of the best brokers for professional traders and sophisticated, active traders who want to take advantage of a powerful suite of tools and global access to a wide range of assets. We’ll take a deeper look at Interactive Brokers to help you decide whether it is the right fit for your investing needs. 

 Interactive Brokers is ideal for institutional investors and sophisticated, active traders who want a robust trading platform and access to a long list of asset classes. The broker has attempted to broaden its appeal, introducing new products, services, and educational content aimed at less active traders and investors. However, IBKR’s reputation as a professional-level platform may still scare off less-experienced investors. The company accepts clients from more than 220 countries and territories and supports trading on 135 markets across 33 countries, using 23 currencies

Five Tips For Choosing The best forex Trading Broker

The foreign exchange market, also known as forex or FX, is the world’s largest financial market with a daily turnover of over $5 trillion it is by for the most liquid and traded market in the world. It is also one of the most accessible markets with forex trading platform and brokers available online 24\7.

However, this accessibility of forex trading can be a double-edged for individuals. With so many choices available, it can be difficult to know how to choose a forex broker that is right for you. In this article, you will learn 5 tips to help get started and selecting best forex trading broker.

WHAT IS A  FOREX BROKER ?

If you are looking to get involved in online forex trading, one of the first things you need to do is find a forex broker. A forex broker is a middleman who helps connect traders with the currency market. There are two types of brokers: – DEALING DESK [DD] AND NO DEALING DESK [NDD] Dealing desk brokers act as market makers, meaning they buy and sell currencies on behalf of their clients. On the other hand, no dealing desk brokers provide direct access to the interbank market, where banks and other large institutions trade with each other.

No matter what type of broker you choose, you need to make sure that they are regulated by a reputable body such as the financial conduct authority [FCA] in the U.K or the commodity futures trading commission [CFIC] in the U.S 

WHY DO YOU NEED A FOREX BROKER?

There are number of reasons why you need a forex broker:-

1. To get access to the currency market- without a broker, you won’t be able to trade in the forex market.

2. To get leverage- Leverage is when you borrow money from your broker to trade with. This can be a great way to increase your profits, but it can also be detrimental to your capital if not used correctly.

3. To get a trading platform – A trading platform is the software you use to trade currencies. Most brokers will provide their own proprietary platform but some also offer popular third party platforms like Meta Trader 4 [MT4].

4. To receive Expert advice and analysis – Many brokers offer their clients access to expert analysis and market commentary from experienced traders. This can be a valuable resource, especially for new traders.

5. To get customs support- When you trade with a broker, you should have access to customer support in case you have any questions or problems.

Now that you know what a forex broker is and why you need one, let’s look at 5 tips to help you choose the right broker for you:-

  1. CONSIDER THE COST: – The first thing you need to consider when choosing a forex broker is the cost of the services. This includes both the spreads[the difference between the bid and ask prices] and commissions [ a free charged by the broker] Spreads can vary significantly from one to broker to another, so it is essential to compare rates before you open an account. Remember, the lower the spread the less you have to pay in order to make a trade. Commissions can also vary depending on the broker, but they are usually much led than spreads. Some brokers even offer commission-free trading so; it is worth checking this out as well.
  1. CONSIDER THE PAYMENT METHODS:-  Another vital thing to consider when choosing a forex broker is the payment methods that they offer. Most brokers will allow you to deposit and withdraw funds using a credit\debit card or bank transfer. However, some brokers also provide additional methods like PayPal or Skrill.

It is important to choose a broker that offers a payment method that is convenient for you. For example; – if you want to deposit and withdraw funds using your credit card, make sure That the broker you choose accepts this method.

  1. THE TRADING PLATFORM:- As we mentioned earlier, the trading platform is the software you use to trade currencies. It is essential to choose a broker that offers a platform that is easy to use and has all of the features and tools that you need. Most brokers will offer their own proprietary platform , but some also provide popular third party platforms like Meta-trader 4[Mt4] .If you are new to forex trading, we recommend choosing a broker that offers MT4 so that you can take advantage of all the features and resources it has to offer. 

 4. REGULATORY COMPLIANCE:- One of the most important things to look for when choosing a Forex broker is regulation. Regulation is necessary because it provides protection for your invest Mints. For example: – if a broker is regulated by the financial conduct Authority [FCA] in the UK, This means, that they are held to high standards of conduct and must follow strict rules and regulations. This protect you, as the client, from fraud or misconduct.

 5. DEMO ACCOUNTS:- Another thing to consider when choosing a forex broker is whether or     Not they offer demo accounts. Demo accounts are important because they allow you to test Out the broker’s platform and see if it’s a good fit for you. Most brokers will offer demo Accounts, but some may require you to make a deposit first. We recommend that you choose so That you can try out their platform before committing to an actual account.

How to find Best Forex Markets News online?

Forex trading has a strong appeal for every individual to increase their income source. It Requires specialized knowledge as well as Forex traders can access dozens of online Forex trading classes and a profitable trading. Besides these, Forex markets news class is developed with successful trader’s Knowledge and experience along while is typically offered as part of membership into their trading forum.

BY USING THESE FOLLOPWING FOREX NEWS SITES WE CAN EASILY FIND HOW TO

FIND BEST FOREX TRADING:-

FX STREET

FOREX FACTORY

DAILY FX

INCESTING.COM

FOREXLIVE

FX EMPIRE

FOREX NEWS

ACTION FOREX

EARN FOREX

FX Street:- Fx Street is beyond one of the top sites forex traders should be checking daily. It was launched in 2000. On the portal, the real-time quotes, news, newsletter and interactive chats with experts from all over the globe are among the most well-received content. individual professionals and small companies. This website portal is easy to navigate like a reliable news source. Fx street use strategies based on parameters such as price, time, and Economic events to help users trade with this portal. This news website is very beneficial for traders to find best forex market news online. 

Forex Factory:- one of the most portal “Forex factory” is specially designed for those traders who are experts in their work. which related to the foreign exchange Market .It’s main mission is to connect more and more traders to the forex markets. Forex factory works on the currency pairs to potentially make a profit. when currency are traded in pairs and exchange one currency for another. A trader is calculate on whether one currency will rise or fall in value against the other . With the potential to increase your initial investment , the forex factory is highly profitable as compare to the stock market.

Daily FX:- Forex day trading involves buying and selling currencies within a single trading day. Forex day traders buy and sell multiple currency pairs within the same day to gain profit of small market movements . Daily FX launched in 2002 as well as the free and research website from IG , is one of the world’s leading source for news and analysis on the currency.

Investing:- is one of the best website for financial platform and news portal .Moreover, one of the top three global financial websites in the world. It offers market quotes, information related to stocks as well as give many opportunity for future options, analysis etc. These platform has sites in more than 20 languages and has over 60 million users. Apart from these, investing.com describes itself as the largest global financial site in the universe. One interesting fact about that incesting.com only provides financial information not for trading purposes. Furthermore, This news sites is an excellent platform to find best methods of Forex trading marketing.

Forex Live:- Well, forex live trading is short-term and fast paced online trading on the foreign currency exchange market. This market is commonly Known as Forex and it is world’s biggest and most popular market and it trade about 5 trillion USD worth of trades placed every day. There are multiple ways to start forex live trading. For Instance:-we can trade currency pairs with digital options, multipliers or CFDS.

FX Empire:- FX Empire is a leading global financial news portal, delivering up-to –date market news and analysis, technical data and financial tools for the financial markets. This platform is easy to use and understand and include all the features. This website was founded in 2011 by a team of industry experts that wanted to create the idea of perfect FX Empire. The FX Empire is easy to use and gain more profit. With the help of these portal we easily find the ways of best forex trading online news.

Forex News:- News trading has been becoming increasingly popular among forex traders because it offers opportunities to make large profits within a relatively short period of time. Forex News is perfect for traders who want to get a wider outlook on how the market is doing. Specially for those who are interested in forex trading news online. Another useful section to check out is that forex News Finance section. Which covers business news which is great for stocks traders. For instance:-CNBC, Bloomberg and Fox business are the major television networks that recommend about the in-depth Knowledge of the forex trading.

Action Forex:- This website was set up in 2004 with the aim to provide insightful analysis to forex traders. The first and foremost benefit of action forex news is that it can be used determine the primary direction to trade the currency. Action forex is an ideal forex news site to follow for news on major and minor pairs. These strategies provides lot of information regarding best forex markets news online.

To Conclude:-

The best forex trading online news depending on the masses which they portal\website choose for their career option as well as profit. However, there are certain news sites for forex trading which are financially regarding traders and some of them quotes etc.

What to Look For in a Trading Platform

A Forex broker and a Forex trading platform are a package deal in most cases. Very few companies offer multiple platforms to their clients, so when choosing a broker you need to test out their platform and make sure it fits your needs. Here are a few things to look out for Firstly the trading platform needs to be offered as a demo account so you can test all the following, so a demo account is a must.

Then once you start trying it out, make sure it is user friendly and allows you to access things easily. At the end of the day you shouldn’t have to be a computer expert to become a trader, and you do not want those details to come in the way of your trading.
Customizing your screen, your tools, and the format of the platform can make your life much easier, as you will have everything exactly where you want it when you trade, so a customizable platform is always a preferable one.


Of course most important are the tools you will be able to use when trading. This is how the trading happens you should have all the execution orders, tools and indicators you need. If you want to use EAs make sure the platform supports them.

Some platforms offer the newsfeed in the same place as you trade, that can be extremely helpful and allow you to trade better while having everything you need in one space. If you are usually busy and never in one place, better make sure your platform can be downloaded on different devices like your phone or tablet for easy and flexible access. And lastly it is always a plus if a platform can be used with your mother tongue, allowing you to understand everything better and easier, and have an overall better experience.

Top Forex Bonus and Promotions 2022

Forex companies are constantly on the lookout for new methods to attract potential clients, with high competitions from rival companies, each Forex broker needs to stand out and offer something that other brokers don’t. That’s when Forex promotions come in. Forex promotions are a very popular and on demand method to give clients an extra motive to choose the specific broker. Promotions work in many ways the point of them is always to give something back to the client.

Welcome Bonuses are offered by most companies and they are a percentage added to the deposit when a client first opens an account. It is a way to welcome a client with an added motive. The percentage vary some may give 50%, some 100% and some as high as 250%, in most of these cases the bonus will be given in the form of trading credits deposited into the clients account.

Redeposit Bonus: A redeposit bonus works in the same way as a welcome bonus, but is extended to every deposit a client makes and not just the first one.

Low First Deposit: All reputable companies have a minimum first deposit for any client to start trading, which can be $100, $200 and in some cases much higher. But for a short period a company can offer a much lower minimum first deposit, as low as $25. This is a motivation for new traders, of people who can’t afford to invest much.

No Deposit Bonus: In some cases companies can allow a client to start trading with them without investing any money at all. The company will offer the client a live account with a specific amount of trading credits, with which he/she can trade. This is a motivation to get clients started with the company.

Cashback/ Rebate Bonus: Cashback bonuses, sometimes called Rebate bonuses offer traders a certain amount of money back for every specified traded volume, motivating them to trade more.

Refer a friend: Most companies offer this promotion, which simply allows their clients to make extra profit if they refer a new client to the company. When they do they get a form of a bonus which can either be a specified amount or a small percentage of that person’s trades.

Gifts for trading volume: A big motivation for clients is knowing they will get some worthy gifts after they trade with a specified volume. Gifts can range from gadgets and tablets, to cars and overseas trips. Of course the bigger the prize the bigger the required volume.

How to earn a great income from online forex trading

“Online Forex trading is just a side income”. This is what most of the people think, that trading forex is just a side business that cannot take the place of an actual job. However it is very much wrong and we have been made aware of it by the many people in this industry who have taken it seriously and are now ranked among the billionaires of the world. We can take the example of George Soros who is the world’s best currency trader also known as the trader who broke the bank of England. His net worth is now more than $25 billion which clearly shows how much of an impact that currency trading can have on the income of an individual if taken seriously and not as a side job.
The online forex market is the largest market in terms of dollar value of average daily trading , dwarfing the stock and bond market. It is often hailed as the last great investing frontier. The one market where a small investor with just a little bit of trading capital can realistically hope to trade their way to a fortune.

However mouth-watering currency trading may seem, it is not without its risks. So to help you earn a great income from foreign exchange trading we have some tips that you should absolutely follow:-

1. Define your trading style:-
Before you set out on any journey, it is imperative to have some idea of your destination and how you will get there. Consequently, it is imperative to have clear goals in mind, then ensure your trading method is capable of achieving these goals. Each trading style has a different risk profile, which requires a certain attitude and approach to trade successfully.
For example, if you cannot afford  going to sleep with an open position in the market, then you might consider day trading. On the other hand, if you have funds you think will benefit from the appreciation of a trade over a period of some months, you may be more of a position trader. Just be sure your personality fits the style of trading you undertake. A personality mismatch will lead to stress and certain losses. 

2. Chose the right broke with the right forex trading platform:-
Choosing a reputable broker is of paramount importance, and spending time researching the differences between brokers will be very helpful. You must know each broker’s policies and how they go about making a market. For example, trading in the over-the-counter market or spot market is different from trading the exchange-driven markets.
Also, make sure your broker’s trading platform is suitable for you. As such, traders should make sure a broker’s forex trading platform and software comes with the technical and fundamental analysis tools they need, and that trades can be entered and exited with ease. A good broker with a poor platform, or a good platform with a poor broker, can be a problem. Make sure you get the best of both.
Choosing the right broker in today’s market is difficult with the market being flooded with forex brokers. So to make it simple, start your journey in foreign exchange trading with  Xtreamforex trading broker which is the best available option in today’s market. 

3. Risk/reward ratio:-
Before trading, it’s important to determine the level of risk that you’re comfortable taking on each trade and how much can realistically be earned. A risk-reward ratio helps traders identify whether they have a chance to earn a profit over the long term. For example, if the potential loss per trade is $200 and the potential profit per trade equals $600, the risk-reward ratio would equal 1:2. 

4. Stop loss orders:-
Risk can be mitigated through stop-loss orders, which exit the position at a specific exchange rate. Stop-loss orders is an essential forex risk management tool since it can help traders cap their risk per trade, preventing significant losses. Although it’s important to have a winning trading strategy on a percentage basis, managing risk and the potential losses are also critical so that they don’t wipe out your brokerage account.

5. Performing weekend analysis:-
On the weekend, when the markets are closed, study weekly charts to look for patterns or news that could affect your trade. Just a little hardwork and you will surely reap the benefits. One last tip to top it off would be to keep a cool head and don’t rush. Trading is an art, and the only way to become better is through consistent and disciplined practice.

Which is good for trading – Forex or Stock Market?

Many of us who are new to the trading always get a question in their mind once in a life time that in which market we should do the trading – Forex or Stock market? In this article I would like to share the differences between them which will assist you to take the right decision in your trading career.

Forex refers to the buying and selling of currencies on a global level. The foreign exchange market is one of the biggest markets available worldwide. It is one of the most volatile markets as the prices of currencies could go up or down at any given time. The trading of currencies in this market is not done individually but in pairs so this would mean that the price of any particular currency would be in comparison to the other currency. The most popular currency pairs for trading include EUR / USD, GBP/USD, USD/JPY among many others.


As the stock market trading allows traders to trade with the various shares of companies. The traders can speculate on the value of blue-chip stocks and penny stocks which are both popular assets in the stock market. Blue chip stocks are the shares of well established, financially stable profitable companies that are referred to as having a blue-chip status. As a result of which their shares are also very expensive to buy. On the other hand penny stocks are those companies which in their earlier years were trading for under £1 a share. So those who invested into these companies during their penny stock days would have made substantial gain overtime.

Market influences
The factors to consider before trading Forex or stocks are the factors that determine the market price. Both markets are primarily driven by supply and demand, but there are many other factors that can affect price. When trading the stock, you should focus on several factors that directly affect the company you choose, including the company’s debt level, cash flow and earnings, as well as economic data, news reports and the state of the sector in question.
However, for Forex, the focus is usually much broader as a more complex set of factors can affect market prices. In general, macroeconomic indicators of a country (e.g. unemployment, inflation, gross domestic product (GDP)) as well as news and political events must be taken into account. And because you buy one currency and sell another, you need to recognize the performance of two economies, not one.

Trading hours
In the aspect of trading hours, the foreign exchange market is open for 24 hours a day and five days a week. While the stock market remains open for 8 hours a day.

Variety available to trade
In terms of stocks there could be thousands of stocks to trade on the stock market. In comparison to it the forex market can only have 27 major currency pairs (formed from 8 currencies). Although non major currency pairs can also be traded but the total number are still less than 100 pairs.

Fees and Commission
Generally, the forex brokers make money from the spreads of a currency pair when we execute an order. Spreads is the difference between the bid price and asking price or in simple terms can be called as the difference between the buy and sell prices. Different brokers of different trading companies charge differently on spreads as well as for their services used.

While some trading companies and their brokers charge very high for their services, at the same time there are some brokers that charge very low while offering the same services. A very good example would be the Xtreamforex trading company which is awarded as the best forex trading company of the year 2021 providing the trading opportunities at very tight spread.
On the other hand the stock market charges on spread and takes commission fees from the traders as well. These are usually around $5 -$10 for a given trade. This may be a minor consideration for stock traders who trade with large amounts of capital, but for new and beginners this fee can really damage profits.


Let’s summarized
So, as we can see there are both benefits as well as drawbacks in both the markets. This makes the decision to come down to the trader’s own preferences and attitude towards risks. For short term traders like day traders, scalp traders or swing traders, the foreign exchange market provides ample of opportunities but for short to mid-term traders and with low volatility rate, stock market could be the better option for them.