FxNet - FxNet.com

[Andy]

Official discussion thread for FxNet at Digital Cash Palace.

- Users can ask questions, make suggestions to improve the service, share stories (no spamming/advertising).
- Brokers employees may participate in topics by answering questions. Promote and posting announcement.

Please be honest and fair with the broker being discussed.

Read FxNet reviews, ratings, information.

Advantages

• Fixed spreads 24/5
• No Re-quotes, No Rejections!
• True STP Broker
• Client Funds kept at reputable Global Banks
• Register and start trading in under 1 minute
• 20% Welcome Bonus
• Flexible Leverage up to 1:500
• 24/5 Support
• Personal Forex Manager
• No Commissions or hidden fees
• FREE Forex Tools and Education
• Unlimited and no obligation Real & Demo Accounts
• EA friendly
• Counterparty with Interbank Liquidity
• Hedging, Scalping and News Trading Permitted
• Limited Risk - No Negative Balance

Variety of Platforms and Accounts:

• SimpleTrader Platform - Unique, simple to master platform
• MT4 Trading Platform
• Trade from Web, Android mobile, ipad, iphone
• Islamic friendly accounts
• MAM Accounts

Funding and Security:

• EU Regulated, by CySEC and MiFID compliant
• Variety of Deposit Methods
• Instant Deposits
• Fast Withdrawals
• No minimum Deposit

 

[FXNET LTD]

About FxNet
FxNet Ltd is a global, fully licensed Over the Counter (OTC) online Forex and commodities broker, regulated by the Cyprus Securities and Exchange Commission (CySEC). FxNet is located in Limassol Cyprus.

FxNet's mission is to reach and retain traders around the globe through exceptional customer service, integrity and continuous innovation that will provide our clients with simple, exciting and secured trading platforms.

 

[FXNET LTD]

Gold Trading

Just like currency trading, commodities like gold are a big part of online trading. Gold is the most popular of all precious metals as an investment both online and as a physical investment, as it holds solid guarantees against any economic political or social flat currency crises.

The price of gold has been on the rise for many years, unlike volatile and unpredictable currencies, which leads to gold being a very solid investment especially in certain countries like India where gold is a cultural commodity and the most precious metal.

Gold can be traded online with Forex and Binary Options platforms just like currencies are traded. It can also be physically bought and resold at a later point, which is a guarantee for profits as its price has been on the rise for years, or it can be sold in the coin market, where both silver and gold coins are sold.

As a physical investment it is important for any potential buyer to know the market well, or the seller because there are many people in the market who will cheat their sales to make extra money, for example India is a country with the highest sales but also the highest dishonest salesmen.

When it comes to gold coins, potential buyers should keep an eye on the difference between bullion and collector’s coins. Bullion prices fluctuate according to the current price of gold, while rare coins which carry a significant collector premium based on historical supply and demand are valued at a much higher price.

FxNet Team

FxNet Ltd is a global, fully licensed Over the Counter (OTC) online Forex and commodities broker, regulated by the Cyprus Securities and Exchange Commission (CySEC). FxNet is located in Limassol Cyprus.

FxNet's mission is to reach and retain traders around the globe through exceptional customer service, integrity and continuous innovation that will provide our clients with simple, exciting and secured trading platforms.

 

[FXNET LTD]

What is a Ponzi Scheme
A Ponzi scheme is a very widely used term for any type of fraud related to investment, and has come to be very well known across the world. In actuality though it does not represent every kind of scheme, it refers to a specific type of scheme.
A Ponzi scheme is based on paying earlier investors with the money of later investors. The head of the scheme will pretend to operate a profitable and reputable business which guarantees impressive amounts in return to the initial investment. Once the ‘business’ gains a few investors, their money is returned by the newer investors whose money return date is yet to arrive. The catch is there is no business or any money being generated and the operator of the scheme is keeping whatever leftover money for themselves.
Once investors see a good return, they reinvest and suggest this ‘business’ to acquaintances and so the amounts of money coming in increases making more personal profits for the head of the scheme.
Shorter lived Ponzi schemes happen on a smaller scale, and their operator vanishes once he/she has made enough money to be satisfied, leaving their investors robbed and deceived.
Those who get greedy and aspire to keep the schemes running longer usually collapse when they are no longer getting new investors and are no longer able to pay any of the ones they already have, and so they are exposed, otherwise their lack of profit declaration while always paying back their clients can arise suspicions to authorities who will in turn make an arrest.
In some cases Ponzi schemes can go up to millions and even billions like the infamous case of Bernard Madoff.

 

[FXNET LTD]

Forex Tools

A Trend-Following Tool

The point of this tool is to help traders recognize the direction of the major trend and attempt to profit by trading in the trend's direction. Many people misunderstand the purpose of trend-following tools and try to use them as separate trading systems. While this is possible, the real purpose of a trend-following tool is to suggest whether you should be looking to enter a long position or a short position.

A Trend-Confirmation Tool

A trend-confirmation tool as its name suggests helps determine whether the current trend-following indicator is correct or not. A trend-confirmation tool may or may not be intended to generate specific buy and sell signals. Instead, we are looking to see if the trend-following tool and the trend-confirmation tool agree.


If both the trend-following tool and the trend-confirmation tool are indicating an upward movement, then a trader can more confidently consider taking a long trade in the currency pair in question. If both are indicating a downward movement, then the trader can focus on finding an opportunity to sell short the pair in question.

the moving average convergence divergence (MACD) is one of the most useful trend confirmation tools. It measures the difference between two exponentially smoothed moving averages. Then smoothes this difference and compares it to a moving average of its own. When the current smoothed average is above its own moving average, then the histogram would be positive and an uptrend is confirmed. On the other hand when the current smoothed average falls below its moving average, then the histogram would be negative and a downtrend is confirmed.