Standard Trading Accounts

Jan 03, 2011 at 15:40
788 Views
5 Replies
Member Since Jan 03, 2011   5 posts
Jan 03, 2011 at 15:40 (edited Jan 03, 2011 at 15:41)
Hi, I want to inform you people who are new in Foreign-exchange (forex) trading. Foreign-exchange (forex) trading consists of the buying and selling of world currencies, and its marketplace is among the most liquid in the world. The unique aspect of trading forex is that individual investors can compete with large hedge funds and banks - they just need to set up the right account.

Standard Trading Accounts
The standard trading account is the most common account. Its name derives from the fact that you have access to standard lots of currency, each of which is worth $100,000.

This doesn't mean that you have to put down $100,000 of capital in order to trade. The rules of margin and leverage (typically 100:1 in forex) mean that only $1,000 needs to be in the margin account for one standard lot to be traded

Member Since Nov 18, 2009   735 posts
Jan 04, 2011 at 07:47
Brian, thanks for the valuable information. Investopedia is a wonderful resource, isn't it? But instead of copying pages of text, you could just copy the link:

https://www.investopedia.com/articles/forex/08/forex-account-type.asp

brain22 posted:
    Hi, I want to inform you people who are new in Foreign-exchange (forex) trading.
Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
Member Since Jan 06, 2011   245 posts
Jan 06, 2011 at 12:33

brain22 posted:
    Hi, I want to inform you people who are new in Foreign-exchange (forex) trading. Foreign-exchange (forex) trading consists of the buying and selling of world currencies, and its marketplace is among the most liquid in the world. The unique aspect of trading forex is that individual investors can compete with large hedge funds and banks - they just need to set up the right account.

Standard Trading Accounts
The standard trading account is the most common account. Its name derives from the fact that you have access to standard lots of currency, each of which is worth $100,000.

This doesn't mean that you have to put down $100,000 of capital in order to trade. The rules of margin and leverage (typically 100:1 in forex) mean that only $1,000 needs to be in the margin account for one standard lot to be traded



Seconded
Knowledge Is Power
Member Since Jan 03, 2011   5 posts
Jan 16, 2011 at 19:04 (edited Jan 16, 2011 at 19:04)
Trading Signals

Trading Signals compare what these forex trading signal providers give out with their own technical and fundamental analysis. And they study which points they agree upon and which points they differ at. And based on these, the forex trader may decide whether to continue with his plans of trade, or revise his strategy in view of the analytical input of the forex signal provider.

Or sometimes, the whole process goes in reverse. A forex trader takes the trading signal given out by the trading signal provider. Then, he analyzes it based on his own criteria. And he comes up with his own concluded plan of trade which is essentially a combination of both strategies. Whatever strategy that can assure him of the highest probability of profit and minimal losses, he would take.


pip2cash
forex_trader_8139
Member Since Mar 04, 2010   423 posts
Jan 17, 2011 at 01:07
thanks for info.
Member Since Jan 03, 2011   5 posts
Jan 22, 2011 at 22:38
Develop Your Trading Strategy

Many individual investors are now looking at forex trading as an alternative form of investment. While this speculative investment option has the potential to be extremely profitable for anyone willing to learn and master the skills and knowledge needed to conquer the forex market, strict discipline is still needed to be able to succeed in forex trading.

Various information about forex trading, and forex investments in general, can be found all over the internet. Many forex forums also offer the needed assistance for forex newbies in trying to learn their way around forex trading. Numerous forex strategies are even developed in these forex forums where the members help each other in formulating and fine-tuning several forex strategies. And this is where forex newbies seek the help of more experienced forex traders in learning how to trade.

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