make money online with forex trading system
TRANSCRIPT
Make Money Online with Forex Trading System
Have you ever traveled overseas? If your answer is yes, you’ve successfully done a forex transaction! If
you’re wondering what a ‘forex transaction’ is, it’s high time I broke it down for you. Forex is a popularly
used term in the world trade market which stands for- foreign exchange. It’s simply explained as the
exchange of currencies among different countries.
For example, when you decide to go to France, you must convert your dollars into euros following the
exchange rate of the respective day. The exchange rate is always changing depending on the supply and
demand of the currency. If you get .80 euros for $1 today, don’t get frustrated to see it getting down to
.55 euros tomorrow! Changing the rate at a consistent manner is a very common nature of FX trading.
How does forex work?
Trading at forex involves nothing but buying and selling of two different currencies. It includes a pair of
currencies such as- EUR/USD where the first one’s called the base currency and the second one is the
quote currency. The base currency always has a value of 1. If the quote currency is 1.4113, it means you
will require $1.4113 to exchange it into 1 base currency.
You must have a clear conception of the frequently used forex terminologies to understand how forex
actually works. The forex 101 needs you to know about ‘spread’ and ‘pip’ in the first place. Spread is the
difference between the buying and the selling price of currency and pip is the amount of profit made in
each trade.
Let, you want to buy Euro against USD. If your trading platform shows 1.4331x 1.4335 as the current
price, it means the trade is going to be executed with 3 pips spread.
A forex broker makes money from this spread. The amount of spread may get smaller or bigger
depending on the risk the broker wants to take. However, some brokers may offer zero spread trading
which is hardly found in reality. When makes pricing and gives you any price that he wants, you may find
no spread there but he actually takes a certain amount from you in some way!
Let me give you a real example of forex trading with respect to EUR/USD currency pair. Since euro
stands on the first place, the exchange rate will indicate the amount of US dollars needed to purchase
one euro. If you think the value of euro will increase against dollars, you will buy euros with dollars and
vice versa. Now, you can make a huge profit by selling the euros back upon raising the exchange rate.
Why is forex the best trading system?
Foreign exchange or forex trading has become no. 1 choice for the investors around the world since it
comes with some amazing features that dwarf other trading systems. Let’s discuss on that-
1. High earning potential
Forex let the investor’s trade for over $2 trillion in different currencies every single day! This huge
volume of the transaction has made forex the biggest and the most liquid financial market around the
globe. Here, you can enjoy unlimited earning potential and run a perfectly stable financial business.
2. Forex is always there
It never sleeps and promises to be with you 24/7 anywhere, anytime. By using a popular trading
platform, you can ensure instant execution of your command sitting at the home or the office. Though
they are open from Monday to Friday, different time zones make them alive all seven days in a week.
3. Low initial investment
You can be a part of forex even though you’re short of a huge amount. You can start with as low as $300
to start trading with this financial platform. It’s a golden opportunity for the new investors who want to
test the market with a small capital.
4. Transparency of trading
Transparency in the forex markets is highly appreciable. Anyone can get information on the current
trends or make a quick market analysis in this trading system.
With the help of a pure STP broker, a trader can directly interact with the liquidity providers e.g. banks
to make quick execution of his order without engaging a dealer. It makes a platform for a transparent
dealing between the client and the broker that brings great satisfaction.
5. Minimum commission/exchange fees
Forex trading involves very low commission or exchange fees, unlike other investment opportunities.
Brokers may also offer ‘no commission’ trading with forex! The only fee you have to pay is when there’s
a spread between the buying and selling price.
6. Little to no slippage cost
Slippage is the difference between the expected price of a trade and the price at which it’s actually
executed. For example- if you want to buy a share at $2.00 but the order’s executed at $2.50, the
slippage cost will be 50 cents. Forex, with its efficient and strong marketing policy, is successfully
ensuring little to no slippage costs while trading.
7. Zero withdrawal fees
The automated forex trading software allows a client withdraw any amount of money he wants without
paying the withdrawal fees. Also, they don’t charge any maintenance charge for your account and you
can keep every penny of the profit that they make you.
SGT Markets
SGT, founded in 2006, is a fully regulated and authorized online trading service provider that offers
secured access to the world’s largest liquidity providers to ensure effective foreign exchange all over the
world. SGT markets offer various trading platforms such as- MetaTrader 4 which can place the buying
and selling orders on its software automatically and provide a quick decision on the trade.
With the features and benefits stated above, I believe you’ll agree on the fact that forex is the best
trading system so far. However, without proper training and effective forex strategy, it’s hard to make
profits on this platform since it comes with a huge chance to make a significant loss if you fail to
understand the market.