easy-forex is now easyMarkets. Forex trading – Easy Forex carry a substantial risk of loss up to your invested capital and may not be suitable for everyone.
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Trading currencies can cause some confusion related to risk due to its complexities. Much has been said about the interbank market being unregulated and therefore very risky due to a lack of oversight. This perception is not entirely true, though. A better approach to the discussion of risk would be to understand the differences between a decentralized market versus a centralized market and then determine where regulation would be appropriate. The interbank market is made up of several banks trading with each other around the world. The banks themselves have to determine and accept sovereign risk and credit risk , and for this they have many internal auditing processes to keep them as safe as possible.
The regulations are industry- imposed for the sake and protection of each participating bank. Since the market is made by each of the participating banks providing offers and bids for a particular currency, the market pricing mechanism is derived from supply and demand. Due to the huge flows within the system, it is almost impossible for any one rogue trader to influence the price of a currency. This is a positive move for retail traders who will gain a benefit by seeing more competitive pricing and centralized liquidity.
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Banks of course do not have this issue and can, therefore, remain decentralized. Traders with direct access to the forex banks are also less exposed than those retail traders who deal with relatively small and unregulated forex brokers , which can and sometimes do re-quote prices and even trade against their own customers.
It seems that the discussion of regulation has arisen because of the need to protect the unsophisticated retail trader who has been led to believe that forex trading is a surefire profit -making scheme. For the serious and educated retail trader, there is now the opportunity to open accounts at many of the major banks or the larger, more liquid brokers. As with any financial investment, it pays to remember the caveat emptor rule — "buyer beware! The forex markets are the largest in terms of volume traded in the world and therefore offer the most liquidity, thus making it easy to enter and exit a position in any of the major currencies within a fraction of a second.
Leverage in the range of Of course, a trader must understand the use of leverage and the risks that leverage can impose on an account. Leverage has to be used judiciously and cautiously if it is to provide any benefits. A lack of understanding or wisdom in this regard can easily wipe out a trader's account. For more on leverage, check out " Forex Leverage: Another advantage of the forex markets is the fact that they trade 24 hours around the clock, starting each day in Australia and ending in New York.
Are you an EU Tax Resident? Are you a Tax Residence in any other EU country? Please select years years Over 5 years. Please select Few times a year Monthly I trade several times a month or actively. Please select Under 12 months months Between months 60 months and over. Have you ever worked in a financial services firm or in a role that is relevant to trading in OTC leveraged financial instruments?
Which financial instruments are usually characterized by the use of leverage? You bought a contract for gold long term position. The next day the price of gold increased. What will be the result of the transaction? Please select I will earn I will lose It will not affect the value of the transaction. Please select Ahead of news releases that were expected Ahead of news releases that were unexpected Never, the market moves constantly in the same manner.
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- Etiqueta: Easy Forex Trading!
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Under Australian regulation, before you can start trading forex you first need to complete a short suitability test. You can take the test after completing your registration or anytime later before you start trading. Maximum leverage available in Poland is 1: I would like to receive occasional newsletters, event information and special offers. Please see our Privacy Policy. You can always opt-out later. Step 1 Step 2 Step 3. Select Best childhood friend?
Name of first pet? Enter security code shown. Can't read the word presented? Try a different code. Select one of more options to your intended way of trading. The default option shown does not represent a recommendation.
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Please make your choice depending on your knowledge, experience and personal preference. MT4 account Do you also want an MT4 account? MT4 account will be created. In terms of its licensing and regulations, easy-forex is obliged to ask you about your experience of financial products.
Please take a moment to give us some information below. Please select Rarely Occassionally Often Very frequently. Risk warning Forex, Commodities and CFDs OTC Trading are leveraged products that carry a substantial risk of loss up to your invested capital and may not be suitable for everyone. It is important to understand the tax implications and treatment of forex trading activity in order to be prepared at tax time.
Making money in forex is easy if you know how the bankers trade.
Consulting with a qualified accountant or tax specialist can help avoid any surprises and can help individuals take advantage of various tax laws, such as marked-to-market accounting recording the value of an asset to reflect its current market levels. Since tax laws change regularly, it is prudent to develop a relationship with a trusted and reliable professional who can guide and manage all tax-related matters.
As such, traders should try to avoid becoming overly emotional about either wins or losses, and treat each as just another day at the office. As with any business, forex trading incurs expenses, losses, taxes, risk and uncertainty. Also, just as small businesses rarely become successful overnight, neither do most forex traders.
Planning, setting realistic goals, staying organized and learning from both successes and failures will help ensure a long, successful career as a forex trader. The worldwide forex market is attractive to many traders because of its low account requirements, round-the-clock trading and access to high amounts of leverage. When approached as a business, forex trading can be profitable and rewarding. In summary, traders can avoid losing money in forex by:. Take the Time to Find a Reputable Broker The forex industry has much less oversight than other markets, so it is possible to end up doing business with a less-than-reputable forex broker.
Use a Practice Account Nearly all trading platforms come with a practice account, sometimes called a simulated account or demo account. Keep Charts Clean Once a forex trader has opened an account, it may be tempting to take advantage of all the technical analysis tools offered by the trading platform. Protect Your Trading Account While there is much focus on making money in forex trading, it is important to learn how to avoid losing money. Start Small When Going Live Once a trader has done his or her homework, spent time with a practice account and has a trading plan in place, it may be time to go live — that is, start trading with real money at stake.
Use Reasonable Leverage Forex trading is unique in the amount of leverage that is afforded to its participants. Keep Good Records A trading journal is an effective way to learn from both losses and successes in forex trading. Understand Tax Implications and Treatment It is important to understand the tax implications and treatment of forex trading activity in order to be prepared at tax time. The Bottom Line The worldwide forex market is attractive to many traders because of its low account requirements, round-the-clock trading and access to high amounts of leverage.