Blog Archive
- 2024 (9)
- 2022 (8)
- 2021 (39)
-
2020
(27)
- October(5)
- August(1)
- July(4)
- June(2)
- May(1)
-
April(9)
- Investor Brain: Online Currency-Trading Sites Mult...
- This Is What It Takes to Go from $0 to $1 Million ...
- Three smart money moves to make during the coronav...
- 10 Steps To Becoming A Millionaire
- Things you need to Stop doing if you need to be Su...
- FOREX TRADING MARKET.: If You Want To Be...
- FOREX TRADING MARKET.: Money Management : How To...
- If You Want To Be Rich, Stop Focusing On Your Sala...
- Money Management : How To Avoid Loses In The Forex...
- March(1)
- February(4)
- 2019 (20)
- 2018 (10)
- 2017 (14)
- 2014 (2)
- 2013 (7)
- 2012 (6)
Blog Archive
-
▼
2020
(27)
-
▼
April
(9)
- Investor Brain: Online Currency-Trading Sites Mult...
- This Is What It Takes to Go from $0 to $1 Million ...
- Three smart money moves to make during the coronav...
- 10 Steps To Becoming A Millionaire
- Things you need to Stop doing if you need to be Su...
- FOREX TRADING MARKET.: If You Want To Be...
- FOREX TRADING MARKET.: Money Management : How To...
- If You Want To Be Rich, Stop Focusing On Your Sala...
- Money Management : How To Avoid Loses In The Forex...
-
▼
April
(9)
Powered by Blogger.
Followers
Investor Brain: Online Currency-Trading Sites Multiply.
Posted by
stephenadebiyi |
Edit Post
Online Currency-Trading Sites Multiply
IF YOU LIKE TRADING ON VOLATILITY, THERE IS nothing quite like the forex market.
It is open 24 hours a day, five days a week, and the players range from global banks to individuals. The daily volume is well over $3 trillion, according to the Bank for International Settlements. Despite its gargantuan size, the market isn’t tightly regulated, and traders can use lots of leverage, which poses benefits and dangers. There is no central exchange; the market moves from one country to another. As Tokyo is closing, for example, London is opening.
Among the 25 firms we evaluated for our annual Best Online Broker review, published on March 16, E*Trade, Interactive Brokers, MB Trading, thinkorswim and TradeStation all come with some kind of built-in forex- trading system. OptionsXpress and TradeKing have enabled currency futures trading, and customers of SiebertNet can place forex trades through a live broker.
Last week, Zecco (http://www.zecco.com) announced it is partnering with the forex trading firm GAIN Capital (http://www.gaincapital.com) to launch Zecco Forex. “Today’s volatile forex markets have created an attractive and complementary opportunity for our investors,” said Jeroen Veth, CEO of Zecco Holdings. “Zecco Forex provides them access to another asset class where they can make trades independent of overall equity-market direction.”
ZECCO’S FOREX OFFERING (http://www.zecco.com/forex) is a separate legal entity from its regular platform, so customers must sign up for a separate account. In time, however, the firm plans to integrate the two platforms into a single display, but that isn’t likely to happen until next year, according to Zecco spokesman Gabriel Dalporto.
When you arrive at Zecco’s forex site, you will find some educational content, as well as an opportunity to sign up for a practice account with $50,000 to start. The practice account lets you play with the analytical tools in the GAIN Capital platform and gives you a feel for how forex trading works. The account includes real-time quotes and charts, along with all the trading tools and information available to Zecco Forex customers. These tools include single and contingent order types, a real-time newsfeed and market commentary, plus daily and weekly research.
Should you decide to take the leap to trading with your own money, you can sign up for either a mini account, with a minimum deposit of $250, or a standard account, with $2,500. Those who deposit $10,000 or more can use a more advanced trading platform. The Java-based downloadable trading platform, ForexTrader Desktop, runs only on Windows, while the more advanced ForexTrader Web can be used by those with Macs and the Safari browser.
Most forex brokers don’t charge explicit commissions; they tack on a fee to the price paid for the trade. Zecco’s spreads are in line with what most of its rivals charge; a list can be found at http://www.zecco.com/forex/trade-pricing.html.
A key component of forex trading is leverage. Yes, stock and option traders can employ leverage by trading on margin. But their use of margin is minuscule, compared with that often found in foreign-exchange trades. You can utilize leverage of as much as 200 times the size of your account, so with just $500, you can hold $100,000 of currencies. With high leverage, however, comes much greater risk. It is imperative to stay on top of all your open transactions to avoid a huge margin call. Failure to use leverage prudently can be disastrous, as Lehman Brothers, Bear Stearns and thousands of no-down-payment home buyers found out.
Zecco Forex’s offering lets customers trade in 37 currency pairs, though most of the action is in just a few currencies (primarily the U.S. dollar, Japanese yen, euro and British pound). The Zecco community is starting to see action in its newly launched Forex section, so you can discuss your strategies with other traders.
FIDELITY’S FIXED-INCOME AUTO-ROLL program (http://www.fidelity.com) went live at the end of March. It allows customers to automatically reinvest the principal of their matured new-issue U.S. Treasury bills, notes and FDIC-insured certificates of deposit into similar new-issue instruments. The goal is to make it easier for customers to remain fully invested and leave less cash on the sidelines.
The Auto Roll Program’s methodology takes into consideration the original instrument’s security type, size, term to maturity and coupon frequency when locating a new purchase. Customers can verify that the pending trade matches their objectives through a Fidelity e-mail alert. If they decide not to reinvest, there is an option to cancel the trade.
Auto Roll is available for new-issue Treasuries and certificates of deposit with a term to maturity of five years or less. If a Treasury or CD that matches the original investment isn’t found, Fidelity will alert the customer and move the principal of the mature instrument to the default cash position in his or her brokerage account.
NOTES ON SWITCHING ACCOUNTS: In response to our March 23 “How To Switch Brokers Painlessly” column, Steve Sanders, vice president at Interactive Brokers (http://www.interactivebrokers.com), tells us that there is a sister system to the Automated Customer-Account Transfer System, or ACAT, used by many firms. Called the Currency and Banking Retrieval System, it passes lot and cost-basis information from one broker to another. Adds Sanders: “It is up to the discretion of the broker to use this system. [Interactive Brokers] makes full use of this system, whenever the ACAT transfer broker also makes use of this system.”
STOCK MARKET TRADING.
CHARITY DONOR.
GET PAID.
NOTES ON SWITCHING ACCOUNTS: In response to our March 23 “How To Switch Brokers Painlessly” column, Steve Sanders, vice president at Interactive Brokers (http://www.interactivebrokers.com), tells us that there is a sister system to the Automated Customer-Account Transfer System, or ACAT, used by many firms. Called the Currency and Banking Retrieval System, it passes lot and cost-basis information from one broker to another. Adds Sanders: “It is up to the discretion of the broker to use this system. [Interactive Brokers] makes full use of this system, whenever the ACAT transfer broker also makes use of this system.”
STOCK MARKET TRADING.
CHARITY DONOR.
GET PAID.
Subscribe to:
Post Comments (Atom)
4 comments:
If you had financial problems, then it is time for you to smile. You only need to contact Mr. Benjamin with the amount you wish to borrow and the payment period that suits you and you will have your loan within three working days. I just benefited for the sixth time a loan of 700 thousand dollars for a period of 180 months with the possibility of paying before the expiration date. Mr Benjamin has be helping me with loan.Make contact with him and you will see that he is a very honest man with a good heart.His email is lfdsloans@lemeridianfds.com and his WhatApp phone number is + 1-989-394-3740
Invest in yourself today ✅ not tomorrow ❌
contact https://coincheckinvest.com/?ref=bigstar77 now to set up your investment plans and be rest assured of your financial freedom.
Invest in COIN CHECK today choosing one of it’s plans You can earn 5% every 24 hours. The minimum is 100$
You can earn 3% daily for 5 days, the minimum is 1000$
You can earn 30% every 24 hours the minimum is 1500$
You can earn 10% every 60 minutes the minimum is 2000$
How?
Coinpayu is the Online Crypto Earning website where you can earn cryptos without investment. If you have no work to do and no skills for earning then you should earn with this website its super easy to use.
Post a Comment