Is it possible to trade forex online for free?

If you are interested in trading the foreign exchange market (Forex), then you may be concerned about any hidden costs that you could incur and if you can trade currency online for free. You will certainly be able to open a free account with most brokers that will allow you to practice your trading skills. You will not be charge for this service.

However, once you decide to open a live Forex account then that is another matter. For instance, your broker will definitely charge you a commission on every trade that you activate. This charge will take the form of a spread which is the difference between the buy and sell prices of currency pairs. This is why you are advised to select those pairs that exhibit the lowest spreads.

If you trade the EURUSD, then its low spread provides you with the best opportunity to trade currency online for free. You can cut your costs down even further if you choose the right forex broker.

This is because most forex brokers have a transparency policy which implies that they will never charge you additional fees on their services such as withdrawing and depositing funds. In addition, everytime you execute forex you will not be faced by a commission charge in the shape of a huge spread cost.

Excellent Forex Broker can do this because they make their income from the difference between your payout when you win and your refund when you lose. Consequently, right forex broker can almost allow you to trade currency online for free.

Taking beginner tips at trade forex online

forex-tips-2Everyone the world over has heard of trading in stocks, or foreign currency trade in some form or other. This may be from the stock exchange or simply the indices that are posted on the news but whichever way they have heard of it, the lure of making money always seems to be present. So the question remains, what can new comers do to get their foot in the door and have a go at trading themselves?

Online foreign currency trade sites are abundant in the current market and given that forex is one of the easiest ways to trade, it is not surprising that their user numbers are increasing greatly every day. This could be a great place for someone to start as they often have simple interfaces, self-explanatory features and an abundance of reading material and interactive trainers to get you going.

The first step is to learn all about forex trading and how they really work. forex trading in short are the choices you will have of which currency exchanges can trade in. each site will have their own selection to choose from so take some time to look into each one before you commit yourself to a site. As to the number of choices available, you may wish to choose a site that has several options available so you can expand your knowledge as you go. Alternatively, sites with less options often have more focused data available.

How to make money by trading in currency

If you undertake an appropriate internet search, then you will find that there are many Forex brokers available that will allow you to make money by trading in currency. When you make a selection you are well-advised to choose a broker who is fully regulated by bodies such as the Commodity Futures Trading Commission (CFTC) or the National Futures Association (NFA). You will then be able to invest knowing that all your trading activities can be audited by these organizations, if needed.

How easy is it to consistently make money by trading in currency? You will discover that you can quickly learn the techniques allowing you to competently open and close trades. However, mastering the complexities of Forex is quite another matter and can involve a steep educational curve. The reason for this is that currency pairs can generate very complex price patterns which are very difficult to predict with any degree of accuracy.

Basically, you need an easier method that will allow you to simplify the procedures when trying to make money by trading in currency. Does one exist? Yes there does, because you can use binary options as a technique to achieve this objective.

When trading binary options, you only have to concern yourself with two possible outcomes per trade. You will either make a predetermined profit or receive a refund. In addition, you only have to predict the correct direction in which your selected currency pair will advance without being bothered about the size or magnitude of the movement. Consequently, you will find that simplicity is the main advantage of binary options.

How to make money with binary options trading

If you are like most people, you may wonder if there are opportunities out there that can be used to generate big returns on your money. I am talking about binary options trading. Before we go further, let’s make sure we are on the same page with what a binary option is and how the trading works.

Binary options are a relatively new investment vehicle that was first introduced to the world at large in 2008. The appeal to binary options is the fact that contracts are extremely short term and can yield over 100% return if you can accurately decide the direction of the underlying stock or commodity. Most binary options websites will allow you to trade indexes such as the Dow, S&P 500, Nasdaq, etc. You may also be able to trade commodities such as oil and gold, along with a few selected individual stocks.

How to get started on the road to huge returns

When you log on to your binary options account, you can select a financial asset discussed above and predict whether the price of that asset will rise or fall in the next hour or so. Once you click the up arrow, a call option, or down arrow, a put option, a trade is born in the form of a contract. However, unlike a regular option, there is no way to exercise the contract. If at the end of the hour your prediction becomes a reality, you could be looking at huge gains that range from 70% to over 100%. It is not unheard of to make over $500 a day, if you know what you are doing. Essentially, binary options trading is a form of day trading, but with much less risk and much lower capital requirements.

The odds of you winning are 50-50, but if you have basic trading knowledge you could further tip the odds in your favor. If you are new to trading or trading binary options, I would recommend finding a broker that allows you to “paper trade,” which means you will be able to place trades and not risk any of your money until you feel comfortable.

What it all comes down to

The bottom line here is that binary options are a great way for anyone to trade with the potential of big profits with minimum time to put in and capital to start. As I stated above, I would start with a practice account to learn the ropes but once you understand the process, a new world of potential riches is within reach.

A Full Review of the IC Markets Broker

About the broker

The IC Markets company was established in 2007 in Sydney. The main mission of the broker is to provide quality services for small and institutional clients. The main feature of the company is the world’s first True ECN trading environment with a direct access to interbank liquidity. The company is trying to emphasize its reputation by showing its suppliers. Liquidity is provided by 50 banks, among which there are such giant suppliers as UBS, JPMorgan, Morgan Stanley, Goldman Sachs, Citi, HSBS, Bank of America and others.

About the broker

The IC Markets company was established in 2007 in Sydney. The main mission of the broker is to provide quality services for small and institutional clients. The main feature of the company is the world’s first True ECN trading environment with a direct access to interbank liquidity. The company is trying to emphasize its reputation by showing its suppliers. Liquidity is provided by 50 banks, among which there are such giant suppliers as UBS, JPMorgan, Morgan Stanley, Goldman Sachs, Citi, HSBS, Bank of America and others.

Localization. The resource is fully translated into 4 languages. In addition to native English, there are Chinese, Japanese and Russian. Also directly on the site, there is a service from Google Translate, which translates the portal into almost any language of the world.

Regulation. The full name of the company sounds like International Capital Markets Pty Ltd (IC Markets). It is regulated by the Australian Securities and Investments Commission (ASIC). The main office of the company is also registered in Australia. Continue reading “A Full Review of the IC Markets Broker”