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XtreamForex

Discussion in 'Broker Discussion' started by xtreamforex.com, Sep 13, 2016.

  1. xtreamforex.com

    xtreamforex.com

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    Advantages and Disadvantages of Automated Trading Robots

    If you were an avid trader and you knew there is a way to keep your trading working even when you can’t be there, and be promised maximum returns without having to pay a fee wouldn’t you take it?

    That option is and has been available since the late 90s at the dawn of online trading. Automated trading robots are programs which algorithmically make trading decisions based on preset aspects of orders like time, price, quality etc. There are different types of trading robots, but they are all based on the same theory, and perform the same functions.

    A trader carefully puts their trading essence into the program as they customizes its strategy and the aspects based on which it will react, turning it into a representation of their own mind and trading style. The only difference is that the trader will not be monitoring the system around the clock, and therefore is stripped of the ability to intervene in the occurrence that conditions do not comply with the usual strategy the trader follows.

    The best advantage of trading robots is the emotionless method of performing trades. Emotions such as anger, stress, fear and greed are a trader’s worst enemy, and even the best trader cannot be completely untouched by all the factors which induce these emotions. A trading system will simply follow the strategy and act accurately and responsibly without any last minutes changes, which is why it can turn out to be profitable and helpful. That exact same reason; lack of last minuet changes, is why you may wake up with a hollow account.

    As ‘smart’ as these systems can be created, they will never have the human factor, of reacting to unpredicted situations, which they have not been preprogrammed to react to.

    Technical issues of course are another big factor behind the many failure stories shared by traders. A lag of information update, receiving the wrong data or something as trivial as an electricity cut while your positions are opened can lead to great losses.

    Admittedly these programs are used by big investment companies, and by asset management programs. Though still prone to error, they are backed up and monitored in ways which are very hard to achieve at home.

    Home versions of trading robots are very susceptible to fraud and Forex scam and cannot always be trusted. They can also prove to be much more expensive than you’d imagine. The cost of the program itself can be affordable but the security systems which need to be installed with it; in addition to the data back-up systems which are require can all together be costly.

    At the end of the day trading in Forex is a risk all in its self, you can test the programs through demo accounts and see for yourself, although it’s good to note that even the best Trading Systems have had complains and while companies may take responsibility it is not always the case that you will be reimbursed.

    Automated trading robots have their advantages and disadvantages. What you will focus on is your choice.
     
  2. xtreamforex.com

    xtreamforex.com

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    NOWRUZ LIVE TRADING COMPETITION 2019

    XtreamForex presents new trading competition Nowruz Live Trading Competition 2019.

    Open live trading account and get 50$ No Deposit Bonus for Contest
    The Forex Live Trading Quiz is working to create the best competitive and transparent trading environment for customers to deal with in such a space. As we are growing fast on an international scale and making ourselves a global brand, it is our primary priority to serve your interests, and therefore your success and satisfaction - and we will always know. Forex traders are invited to participate in live trading competition.

    This competition is an opportunity for merchants to showcase their skills, apply different strategies and strategies, and benefit from the special awards they are considering.

    About Registrations:-

    Registration Starts:- 1st April,2019.
    Registration End:- 20th April,2019.
    Contest Starts:- 22 April,2019/GMT+2
    Contest End:-24 May,2019/GMT+2

    Contest Prizes:-

    1st Prize :- 10,000,000 TOMAN
    2nd Prize :- 5,000,000 TOMAN
    3rd Prize:- 3,000,000 TOMAN

    For more information visit here:- https://xtreamforex.com/50-Nodepositebonus.html

    Note:- This Contest is Only for Iranian Clients

    (Terms & Conditions Apply)
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  3. xtreamforex.com

    xtreamforex.com

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    Become a Introducing Broker(IB) with XtreamForex

    Earn extra money with XtreamForex IB program. Refer clients to XtreamForex and get exciting commission. The commission is every day pay out. Minimum commission is 7$ per lot and highest commission is 25$ per lot. For marketing you get support from our team.

    Advantages:-

    ü Commission is up to 25$ per lot

    ü Commission Daily Payout

    ü Marketing Support

    ü 25% on Sub Affiliates

    ü Auto Rebate

    ü Full Access to Statistics

    Visit:- https://affiliates.xtreamforex.com/

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  4. xtreamforex.com

    xtreamforex.com

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    XtreamForex - Academy

    As a forex trader to be aware about Forex news, Market movements and current Economic events is most important. Place your Trades with a good market knowledge.

    With XtreamForex its very easy to learn forex and take your trades according to the market movements. We are providing daily technical analysis on our website and market news etc.

    · Forex News

    · Cryptocurrency News

    · Market Morning Briefing

    · Forex Forecast

    · Weekly Forecast

    · Economic calendar

    · Forex Article

    For more details visit to our website:- https://xtreamforex.com/academy/
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  5. xtreamforex.com

    xtreamforex.com

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    Get 30% Tradable Bonus on Every Deposit - XtreamForex

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    Xtreamforex Offer you double your investment with Forex Tradable Bonus. Feel secure with a broker that ensure safety of your fund and provides the best trading environment to make most out of your strategy. XtreamForex welcome all of their clients with a Tradable bonus on every deposit in the live account. Deposit at least 500 USD to get the Tradable Bonus. Joining Link:- https://xtreamforex.com/tradable_bonuses30.html

    Promotion’s Time:

    ·Start: Starts from 14th May 2019

    ·End: Promotion Ends on 31st December 2019

    ·Minimum Deposit: 500 USD

    Offer is Applicable: The clients with live account and Minimum Deposit 500 USD.

    How to Apply:

    ·Register to the Live Account.

    ·Make Minimum Deposit 500 USD.

    ·Get up to 30% Tradable Bonus in your account.
     
  6. xtreamforex.com

    xtreamforex.com

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    Where Does News Trading go wrong?

    When news releases are put out, traders base their trading on those releases. It can lead to strength or weakness in a currency depending on the news and what it corresponds to. However the expectation of currency changes that a news release gives does not always play out as expected, and for traders who choose to trade on news this can be problematic. There are two main factors that may confuse news traders.

    US indicators can produce the opposite result of the dollar, due to the risk on risk off mentality, so a weaker than expected US indicator can lead to a strong US dollar. That is because the US dollar affects the whole world, and it’s better to be safe by using the US dollar. When indicators surpass expectations, the whole world’s currencies are expected to improve so no safety is needed and the dollar is sold.

    This behaviour has taken place for long periods of time in the aftermath of the financial crisis. In that case, never ending expectations caused the currency to return to normal behaviour followed by weak data. Creating more dollars to buy bonds weakens the US dollar, and positive figures lower chances of raising the US dollar.

    The second expectation that traders have on big events such as rate decisions, where high expectations don’t come true and leads to disappointment. Or high expectations do come true but they were priced in or over priced in that any result leads to sell off. This scenario is called “Buy the rumour, sell the fact” it can even happen when the event is not a rumour but a well know scheduled and debated event.

    For example, a future rate cut in Australia may result in a rally for the Australian dollar if this even would be priced in. This can happen despite the usual behaviour of a rate cut hurting the perspective currency and despite reality meeting expectations.
     
  7. xtreamforex.com

    xtreamforex.com

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    How to Limit your Risk while Trading?

    No matter what method of trading, traders use, and what strategies they follow they should constantly be paying close attention to the money they are spending and the risk they have for losing that money. This can happen though one main thing which many traders choose to ignore; Cutting losses.

    It’s easy to get excited with an open position and keep it open because it is gaining profits or because it could possibly gain profits, so excited that when thing take a turn for the worst you are still convinced you have a chance for profit.

    But cutting losing trades before they drain all your position is the biggest struggle traders have, especially at the beginning of entering the world of Forex. Leaving a losing trade is a win on its own because you save more losses, but it’s much easier said than done. And for many actually leaving a trade is emotionally hard as they truly they believe they have a shot at winning.

    It is always said that 90 percent of all traders fail at Forex Trading; the number is so high because traders don’t how to keep their losses to a minimum, which is one of the most important things to learn in Forex trading. Developing a Forex strategy should revolve around minimizing losses and keeping losses small usually refers to the overall number of money lost rather than how many trades lost. Because if you lose 100 dollars in 10 positions in a row, it is just the same as loosing 100 dollars on 20 positions. What matters is the money you are losing or making, and you need to learn to utilize your initial funds and trades in a manner that saves you the most money.

    Learning how to manage risk and money is something you learn with time and experience, as you make some mistakes and fix them, and realize where your money is being mainly lost. But you should always start off with an initial plan that will help you manage your money right and use it in the right way to save the most possible for yourself.
     
  8. xtreamforex.com

    xtreamforex.com

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    Making a Profitable Business in the Forex Market

    For many people trading may be something small they do on the side, and do not take really seriously but for some trading can become their main source of income, or at least a big part of it and that is when Forex trading can become a Forex Business.

    Like any other business you need to calculate and manage your costs. In Forex the costs are the losses you are likely to suffer through your trades, the commission you will pay to the broker through the spread – or separately – your basic equipment which is a computer and internet access.

    Losing trades may seem like a cost you can avoid but they are not, no matter how good of a trader you are and how much money you are making, you are always going to have some losing trades, and it will be your biggest cost as a trader. So your plan should be to make sure your revenue can offset your cost enough for you to make a profit.

    You need to always make sure that over all you have successful trades making enough profits to cover the losing ones, over all costs and leave a profit, otherwise it is completely useless to trade, and you will be spending more than you are making.

    You can do that by making goals for your trading journey and always aim at reaching them. You goals should be to reach a very high percentage of winnings opposed to the percentage of losing or the winning trades need to be larger than your losing trades to balance it off. This is what is referred to as the risk reward ration. For example your risk reward ration can be set at 1:2 for every trade, meaning 35 to 40 percent of the times your trade have to right. Most successful traders win between 40-60% of the time however their wins are substantially bigger than their losses and therefore make up for the imbalance.

    So in essence you can be wrong more than you are right and still make a big profit.

    It takes a lot more skills and tactics to have a Forex business of course, and you cannot find out about all of them through one article but over time you can learn to manage your trading well enough to make a good business out of it.
     
  9. xtreamforex.com

    xtreamforex.com

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    Wide Range of Forex Trading Products offered by XtreamForex

    Forex trading is buying and selling of currency pairs with intent to make money or hedge investments. Forex market is most liquid asset class to trade and invest globally. There is wide range of foreign exchange products for trading that investors can pick up without difficulty but before trading in real money, it is advisable to open a demo account and try out different strategies that you could use in an actual foreign exchange environment.

    XtreamForex is one of the Top Online Forex Broker who offers wide range of Forex Trading Products globally. These Forex Trading Products include:

    1) Forex Products
    2) Cryptocurrencies
    3) Indices
    4) Stocks

    1) Forex Products
    Forex Product available for trading is currency pairs. Currency pairs are the most renowned foreign exchange product in the market. Investors trade currency pairs globally. In Forex Products one currency is traded among other. The most renowned currency pairs include GBP to USD, EUR to USD and USD to JPY. With XtreamForex you can Trade More than 60 Major, Minor and Exotic currency pairs from 0.0 pips.

    2) Cryptocurrencies
    Cryptocurrency is a digital currency built with cryptographic protocols that make transactions safe and sound and difficult to fake. In simple words Cryptocurrency is a medium of exchange value that exists in the digital world. With XtreamForex Trade the world's most traded digital currencies: Bitcoin, Litecoin, Ethereum and many more under one Forex Trading Platform.

    3) Indices
    Indices traders speculate on price movements in stock Indices like the FTSE 100, the Dow Jones and DAX. Indices price movements and unpredictability are affected by factors like political events, major factors which affect companies in a particular sector, economic data like employment figures and big changes in the currencies markets. Trade Indices with excellent trading conditions and competitive spreads.

    4) Stocks
    Create and manage your own portfolio of companies. Trade 60+ Stocks of some of the largest and most famous companies of US, UK and EU. XtreamForex gives you competitive spreads and exceptional execution on some of the world's most popular shares.
     
  10. xtreamforex.com

    xtreamforex.com

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    Forex Tips

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    Forex trading takes more than just learning and skills but it takes confidence and belief. It is very easy to be discouraged by fails and hard times and stress and give up. Of course we do not want to deny that there is a time when for some people the best choice is to quit, but in many cases it is important to try and fight for what you believe in.

    Having confidence in your Forex trading is a package with having confidence in yourself in general. You need to believe that you can achieve what you think you can. Most successful people – not just traders – in the history of the world believed in their own power of visualization. Meaning they wanted to get somewhere and they did one way or another never really giving up hope. Forex trading most definitely requires never losing hope and pushing to get where you want because it is not an easy or fast process.

    You need to believe that you are a successful trader and act as such. This is not to encourage fake over confidence – because it can be harmful – but encourage healthy confidence in your abilities and your skills. If you tell yourself that you are not a good trader and you believe it then your whole outlook will be negative and it will make it harder for you to have the confidence to make the right choices. Hesitating during trading and questioning yourself will only lead to loss.

    Aside from being confident in yourself, you need to be confident in your plan, because your trading plan is your main guide and if you don’t trust it enough to always stick to it then you’re in trouble. Of course there are stages where you will go back to the plan and adjust it and make it better, but that happens when you are reviewing your trades, not while you are executing them. During trading you need to have 100% confidence in your plan and strategy and follow them.

    Next to your trading plan you should have a risk management plan, and one which you believe is and will continue to work well. Once again it takes some time before you get the right plan, but when you do you have to trust the plan and follow it in order to keep managing your risks and money right.

    Last but most definitely not least always keep a trading journal; it is your way of crafting and perfecting your plan.
     
  11. xtreamforex.com

    xtreamforex.com

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    Most Volatile Currency Pairs of 2019

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    Want to start Forex Trading but don’t know which forex pairs you need to focus for profit? Nobody can give this answer correctly as it depends upon the trader’s knowledge about that currency pair and the volatility of currency pairs. You need to take the time to analyze different pairs against your own strategy, to determine which are the best Forex pairs to trade on your own account.

    What Volatility Refers to?
    Volatility is a term used to indicate the change in trading price of pairs in a specific period of time. Greater the scope of price variation, greater volatility is considered to be there. The volatility of a pair is measured by calculating the standard movement away of its returns. The standard difference is a measure of how widely values are dispersed from the average value (the mean).

    The importance of volatility for traders
    Being aware of a trading product's volatility is important for every trader, as different levels of volatility are better suited to certain tricks and psychologies. For example, a Forex trader looking to progressively develop his funds without taking on a lot of risk would be advised to choose a currency pair with lower volatility. On the other hand, a risk-seeking trader would look for a currency pair with higher volatility in order to cash in on the superior price differentials that volatile pair offers.

    What affects the volatility of currency pairs?
    Currency pairs are affected by following factors or events:

    · Economic or Market Related Events
    · Change in Interest Rate of a Country
    · Drop in Commodity Prices

    The degree of volatility is generated by different aspects of the paired currencies and their economies. Moreover drivers of volatility include inflation, government debt, and current account deficits; the political and economic stability of the country whose currency is in play will also influence FX volatility. As well, currencies not regulated by a central bank - such as Bitcoin and other cryptocurrencies - will be more volatile since they are inherently speculative.

    According to the chart we come to the point that GBP/NZD is the most volatile currency pair of 2019.
     
  12. xtreamforex.com

    xtreamforex.com

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    Forex Indicators

    Forex Indicators also known as Expert Advisors (EAs) are tools used by traders on the trading platform to help them make better trading decisions, by using certain methods and strategies which predict the future movements of prices. Most Forex platforms allow the use of EAs although in some few cases they may not be allowed, so it is always preferable to check.

    These tools can be found on the platform and traders can choose which are the best to use for each trade. Some traders prefer one tool over the other, some like combining several methods. There are many Forex Indicators and EAs, here are two of the most popular ones;

    The Profit taking tool
    As the name suggests it advices the trader when is the right time to take the profits and close the trade. While many traders can go into good trades deciding when is the right to pull out is a little more tricky. Pulling out too soon may prevent you from making further profits and pulling out too late may cost you your profits. In this case the three day relative index can also be used to help the trader determine what the likely odds are. Another method is the known Bollinger Bands, which adds and subtracts the standard deviation of price data changes over a period from the average closing price over that same time frame to create trading ‘bands’.

    Another method is the trailing stop, which gives the potential of the trade to let profits run without staying open too late and losing money.

    Trend Confirmation Tool
    The trend confirmation tool is usually used as a backup for the trend following tool. It helps reassure whether the current trend following indicator is correct or not. It gives its own results and if both Trend following and trend confirmation tool results match then the trader can be reassured.

    Overall Forex Indicators, Expert Advisors and trade assisting tools are many, and they can each be used in many different ways, through many different method, for many different reasons, which is why it is advised to further explore Forex indicators, they can and will make your trades easier and more successful eventually helping you become a better trader.
     
  13. xtreamforex.com

    xtreamforex.com

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    What are Forex Signals

    Forex traders are constantly on the lookout for ways to help them trade better, make better predictions and ultimately make more profits. So it is important for traders to look at all the options they have before deciding what is best for them.

    Forex Signals provide raw data and insights about the market so that traders can make better informed trading decisions with much less risk.

    Unlike EAs, Forex Signals are sent on a regular basis through alerts like SMS messages, email alerts or pop up messages. Some Forex brokers offer free signals on their platforms, or through their services giving traders constant updates, but in the case that they do not there are many separate Forex Signal services.

    If traders want to use a Forex Signal service from a third party it is offered at a fee, usually an average of 200 dollars a month. When you pay for the service you will have more options regarding the method you would like to receive the signals, and they will be more regularly updated.

    It is important to note that no matter how good or reputable the service is nothing in Forex is 100% guaranteed, and even these predictions which are based on technical and fundamental analysis can prove to be wrong if unexpected market changes occur, so even in the case of using Forex Signals traders still have to use their own knowledge and trust their own instincts when making their trading decisions.
     
  14. xtreamforex.com

    xtreamforex.com

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    What is a Bull Market?

    Markets are described as either Bull markets or Bear markets depending on the general direction of their currencies.

    The term bull market derives from the way a bull attacks its enemies by swaying its thorns upwards, therefore it describes a market that is heading in an upwards direction.

    What stands out about a bull market is that it is generally moving upwards, and has been moving upwards for a long period of time. Even if it suffers minor losses its general direction is always positive.

    This doesn’t apply to just the currency, but the whole environment surrounding the currency like the economic environment, employment in the country, and number of investments.

    A bull market attracts many investors as it promises almost guaranteed high profits, and because it keeps getting investors, it continues to perform well and thrive.

    It is hard for investors to suddenly lose interest in a bull market, unless a general rumour is spread about the market, making all investors and traders believe that this market is going to decline, forcing them to withdraw their investments, and invest against the market, leading to a big decline and moving the market from bullish to bearish.

    Of course there are many ways for a market to be affected, and that can be through big news releases, businesses between countries and more, if the market declines on its own, it will also push investors away which will further in its decline.
     
  15. xtreamforex.com

    xtreamforex.com

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    Advantages and Requirements of the MT4 Forex Trading Platform

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    Mt4 or Meta Trader 4 is one of the most popular and used Forex Trading Platform. It is offered by almost every Forex company and preferred by many forex traders. The platform has established itself as a prominent one by catering to all the basic needs of traders and not just for trading.

    The most likeable feature about Mt4 is its user friendliness, which allows even the newest of traders to adjust to trading smoothly without the complications of learning how to use a new software. It offers a simple and understandable interface, which is highly customisable, allowing each trader to decide how their platform will look like, and be most comfortable to make their trading easier.

    Additionally Mt4 offers technical and fundamental analysis, and Forex indicators which are an important and desired help by both newcomers and experienced traders. Expert Advisors are also an important and big advantage, not only does the platform come with its own EAs but it allows traders to write and design their own EAs and upload them to the platform, giving the space for anyone who wants to expand their skills to do so.

    The key features of Mt4 are the Market Watch Window, Navigator Window, Multiple Order Types, Variety of pre-installed indicators, Analysis tools and multiple chart set ups, Automated Trading Order Execution Capabilities, Hedging and Scalping friendly, and Expert Advisors.

    The Mt4 Platform can be downloaded on all devices (including Apple devices) like phones and tablets.
     
  16. xtreamforex.com

    xtreamforex.com

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    XtreamForex Thailand Demo Trading Contest

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    XtreamForex demo contest provide traders a chance to get real money without investing your own funds! Before you start real trading take your first step in this exciting opportunity, make little real cash and test your skills. Join and take a dive into the exciting world of Forex trading competition with XtreamForex! Joining Link: https://xtreamforex.com/thailanddemocontest.html

    Contest’s Time:
    · Registration Period: 19th August 2019 to 6th September 2019.
    · Trading Period: 9th September 2019 to 11th October 2019

    Winner Announcement: 21st October 2019

    Offer is Applicable: Only for Traders of Thailand, Malaysia and Indonesia

    How to Apply: The Client must register for the competition via the competition dedicated page in order to participate.

    To Win: The client who will generate maximum profit at the end of the contest will win.

    Winning Prize
    ·1st Prize $1000
    ·2nd Prize $750
    ·3rd Prize $500
     
  17. xtreamforex.com

    xtreamforex.com

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    XtreamForex Philippines Demo Trading Contest

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    Join and take a dive into the exciting world of Forex trading competition with XtreamForex! Here we offer forex trading contest for demo accounts once in a year. You can join this contest for free. Forex Demo Trading competitions are the best way for beginners to gain experience in Forex trading and to try out and improve your trading strategies in a competitive environment! Joining Link: https://xtreamforex.com/PhilippinesDemoContest.html

    Contest’s Time:

    · Registration Period: 19th August 2019 to 6th September 2019.
    · Trading Period: 9th September 2019 to 11th October 2019

    Winner Announcement: 21st October 2019

    Offer is Applicable: Only for Traders of Philippines

    How to Apply: The Client must register for the competition via the competition dedicated page in order to participate.

    To Win: The client who will generate maximum profit at the end of the contest will win.

    Winning Prize

    ·1st Prize $1000
    ·2nd Prize $750
    ·3rd Prize $500
     
  18. xtreamforex.com

    xtreamforex.com

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    Xtreamforex Services

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    XtreamForex is committed to provide superior Forex trading services for all clients, irrespective of the size of their account balances. Our whole team is committed to offering best industry leading products and services to all clients.

    · ECN Forex Broker: ECN broker is a forex financial expert. It is a non-dealing desk brokers. The ECN provides an electronic system for buyers and sellers to come together for the purpose of executing trades. It can best be described as a bridge linking smaller market participants with its liquidity providers through ECN FOREX BROKER.

    · Top Forex Trading Platform: Forex Trading Platform have a huge impact on Forex Trading. Forex Trading platforms are the most widely adopted trading association in the entire financial market. It has an incredible amount of exposure among retail traders with a reach and visibility that exceed any other financial product.

    · Forex Market Analysis: Forex Market analysis is used by retail forex traders to determine buy or sell items on currency pairs. Forex Market analysis many types like as Fundamental analysis, Technical analysis, weekend analysis etc.

    · Segregated Client Accounts: When a Forex broker are use segregated accounts, it means there is a dedicated account where client funds are kept separate from the broker’s operating funds. In Forex industry, a number of brokers choose Segregated account for their customers.

    · Customer support: XtreamForex are available for customer support 24/5 during marketing times. If you have any query/question please feel free to ask us.


    For more detail visit here: https://xtreamforex.com
     
  19. xtreamforex.com

    xtreamforex.com

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    Dealing with Forex Customer Support

    The mediator between you and your Forex account is your account manager, and the company's customer support team, here are insider tips on how to deal with customer support while trading with a company for an easy and pleasant process.

    Opening an Account

    When you first decide to open an account with a company, it is your chance to ask about the company and get to know it. The person you will be contacting is getting paid to introduce you to the company and make you feel comfortable. You should feel free to ask anything you need to call at any time and expect your questions answered. You should not feel guilty or uncomfortable for ''bothering'' the good people at the company for it is their job to help you.

    You in turn should also be honest and helpful. If you are asked to provide documents you should make sure you have provided your documents before expecting your account to be open, and if the company specifies that it takes 24 or 48 hours for a procedure to take place, then you should be patient and not call to ask if something is done when the specified time hasn't passed, and lastly and most importantly if you decide that you do not wish to trade with the company after all then be honest and inform the person you are speaking with that you are no longer interested so they can stop bothering you and focus on other clients.

    During Trading

    When you have become a client of the company it is good to establish a friendly and comfortable relationship with your account manager. They want to be comfortable talking with you when any changes happen, or with advice and you want to feel comfortable reaching out to them when you need them, so it always helps to be friendly and nice but also stick to business talk during phone calls keeping in mind that your account manager is probably very busy with many clients and even if they'd like to have a chat with you they can't afford the time.

    What not to ask

    Although you should feel free to ask any questions to your account manager just remember that it is not their job to teach you Forex trading or any form of trading. If you are a complete new comer you can ask them to refer you to Forex education programs that the company or other web sites may offer.

    Also remember that your account manager is by law not allowed to give you trading advice. If he/she does that they are liable to being sued if they give you the wrong advice and you lose your trade. Unless your account manager is licensed by a Forex regulatory authority to give trading advice then you cannot expect them to give you any.

    Closing an Account

    Whether you've been trading for a week or a year with a company if you get to the point where you've chosen to close down your account, you should be straight forward and inform your account manager. If you try to go around it you will have to face the worry of receiving another phone call asking if you will deposit, and your account manager will waste a lot of time trying to reach out to you believing you will eventually deposit.

    Connect with XtreamForex and make Trading strong. Our whole committed to provide superior Forex trading services with excellent results. For more detail Visit here: https://xtreamforex.com
     
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    xtreamforex.com

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    Forex Hedging

    When trading, all traders are trying to find the best way to minimize risk and increase profits, one way of doing that is through hedging.

    Hedging is when the same trader opens two positions in the opposing directions. So the same trader will open one position going long on a currency pair, and another position going short on a currency pair.

    While both positions are open the profit is at zero, but once traders decide the right time to close one or the other then they are ready to go either way (selling or buying) to make the profit.

    Hedging is done mainly in foreign exchange trading, because it is flexible and allows the trader the right but not the obligation to buy or sell the currency pair at a particular exchange rate when the time feels right.

    When traders choose to hedge they need to analyse the risk of their hedge, and the types of risk they are taking in the position they are opening, and if it is high or low. Then they need to decide how much they are willing to risk, decide on the most effective strategy and then implement and monitor the position.

    There are different types of hedging, some much more complex than just direct hedging, and traders can take other approaches when necessary.

    Some brokers do not allow direct hedging.

    About XtreamForex

    XtreamForex is one of the most reputable Forex and commodity Broker Company. XtreamForex Is provides superior forex trading services to all clients. Our company's vision is to grow to be a leading and reliable broker that takes pride in offering the most professional pricing and services to Forex Traders. We are building towards a successful, bright and secure future for our company and are committed to build long-term relationships with our clients.
     
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