Jayden We talk to people every day who want to know how to make money when the economy is doing well, and how to make money when the economy is doing badly.
They want to know how to profit when the stock market is up, how to protect their gains when the stock market is down; how to take advantage of the unprecedented growth in China, India and other emerging markets; how to fight inflation to ensure their pensions continue to provide a comfortable lifestyle; what can be done to offset the impact of rising oil prices; and how to balance their budgets when commodity prices – from the price of orange juice bought at the supermarket to the price of the wood needed to build a new house, how to balance the budget.
In general, their goal is to make a profit. Whenever they ask us these questions, our answer is one-word “forex trading”.
Of course, you can also spend some time researching stocks, mutual funds and options, to profit from stock market rallies and declines. You can also delve into foreign bonds and ETFs to take advantage of economic growth, in emerging markets around the world. In addition, you can take advantage of interest rate futures and government bonds to fight inflation.
Most of all, you can also enter the commodity futures market, speculate on crude oil, feel the violent price fluctuations, or participate in pork belly futures and soybean futures to hedge the risk of price fluctuations in both. But who has so much time to study so many trading options?
The Forex market allows you to enjoy gains whether the economy is booming or busting. When the stock prices rise, you can make money from the forex trading market; when stock prices fall, you can also make money from the forex trading market; when the strength of emerging markets rose and began to soar, you can through the forex trading market; regardless of inflation levels rise or fall, you can profit through the forex trading market; and when crude oil and other commodity prices go up and down, you can still make money through the forex trading market.
But to how to enter this forex trading market, you need to choose a forex broker first.
There are a large number of forex margin brokers from a variety of countries and regions. Superficially, these brokers appear to be similar, which makes it difficult for first-time investors to choose one.
For investors who are new to the forex market, there are two issues that should be of particular concern when choosing a broker:
Firstly, the credibility of the broker, which relates to the safety of funds and the execution of orders;
Secondly, the technical performance of the trading platform, such as whether the platform is stable and whether the exchange rates are real-time.
We can confirm whether this broker can be chosen by the following points:
1. Is this forex broker regulated?
Investors should choose a forex broker that is registered and has a good governance record, unblemished and solid financial footing. Stay away from forex brokers that are not governed at all.
2. How about the customer service?
The forex market is a 24-hour market, so 24/7 customer support is necessary! Are you able to communicate with the broker company at any time by phone, email, or online chat? Do the customer service staff have sufficient knowledge of the subject? The quality of service varies significantly between forex brokers, so make sure you are clear on these issues before you officially open a forex account.
Here’s a good way to check the quality of customer service: pick a few online chats and connect to them to see how quickly they answer your questions, which is critical to their ability to meet your requirements. If the responses you get are not timely and the answers are not satisfactory you will not like dealing with them.
3. How about the online trading platforms?
The vast majority of forex brokers allow you to trade via the relative convenience of the internet. A key part of the trading platform is the order processing system. Therefore, trading software is very important.
4. What is the broker’s policy?
When choosing an online trader, you should carefully check their services and policies.
5. Best Brokers Recommend:
FXTM partner link: https://www.forextime.com/?partner_id=4919801
IC Markets partner link: https://www.icmarkets.com/?camp=12085
Alpari partner link: https://alpari.com/en/?partner_id=1237270
Exness partner link: https://www.exness.com/a/tth8tth8
Errante partner link: https://myportal.errante.com/links/go/929
How to open a forex account? It’s as simple as going to the broker’s website and registering online.
