Can you tell about Advantages in Forex Trading Account
What are benefits in Forex Trading Live Account?
- Posted:
- 3+ months ago by Albertpick
- Topics:
- trading, account, forex
Details:
Answers (6)
Opening an Individual Live Forex trading account with Liquid Markets can offer you a wealth of benefits and give you the potential to earn unlimited trading profits.Such as :
-100+ currencies, precious metals and CFDs.
-Free usage of our Market Analysis tools.
-Full access to Educational Material.
-The support of a dedicated Personal Account Manager
-Safety of your funds
There are some benefits as below:
1. 0.9 fixed EUR/USD spreads or floating spreads
2. Leverage of up to 1:500
3. 100+ currencies, precious metals and CFDs
4. The freedom and flexibility to trade on MT4 from your desktop or a mobile device
5. Free usage of our Market Analysis tools
6. Full access to Educational Material
7. The support of a dedicated Personal Account Manager
8. Safety of your funds
well, i feel the need to make a comment: capital market is different from Foreign Exchange market, even if both products can be traded on the same platform. capital market is fund raising/equity market which has nothing to do with currencies. the same for money market where interest rates swaps etc. can be traded. of course, this is just an academical difference, in practical terms you will find many markets derrivatives available on a Forex platform
Considering that you asked this question, the answer is simple: it is an amazing way to teach you that miracles are very, very rare. It will teach you what losing money means - do not touch Forex if you are at the level when you ask such questions. Get you familiarised first with simple non-leveraged products as stocks for example. Always consider that all those wonderful advertisments that you can gain 1000 USD by investing 100 are very, very REAL! You will always paly using a margin and gain and lose based on the leveraging effect. Say you bet 100 on EUR/USD pair long with a broker that gives you a 1:100 leverage - your exposure would be actually 10,000. So if the pair goes north 1% you gain 100 which is 100% on your investment. If it goes south... well you lose all your money. Actually you will first experience the wonderful 'margin call' where you are required to put some more money if you want to keep your position. If you do not, the loss will just vanish from your account... Assume you are stubborn and do not accept to lose (which many people do). You fund some more 100 into the account. You live in US and Mr. Dragi makes a statement during a press conference in London at 12 (GMT) that most probably BCE will impose negative interest rates on EUR - the pair goes south 2%. When you get up in the morning you will find you account busted. Statistically some 5% of the FOREX traders are succesfull with 95% losing money... The only case where you could potentially think of Forex is if you want to hedge an exposure in a foreign currency - even then, you will need to consider that all these products come to a cost (interest) before going onto Forex market. Take care
Trading Forex with a live account, as opposed to a demo account, comes with several benefits and real-world experiences. Here are some advantages of trading with a live Forex account:
Real Market Conditions: Live accounts expose traders to real market conditions, including actual price movements, liquidity, and slippage. This provides a more accurate representation of how trades would be executed in a live environment.
Emotional Control: Trading with real money involves real emotions and psychological factors that are not present in demo trading. It allows traders to practice discipline, manage emotions such as fear and greed, and develop a more resilient mindset.
Risk Management Practice: Live trading helps traders implement and test their risk management strategies more effectively. Learning to manage position sizes, set stop-loss orders, and control risk is crucial for long-term success.
Profit and Loss Tracking: Live accounts allow traders to track actual profits and losses. This enables a realistic assessment of the effectiveness of trading strategies and helps in identifying areas for improvement.
Live Analysis and Decision-Making: With a live account, traders make real-time decisions based on the latest market data. This helps improve analytical skills and decision-making processes.
Broker Relationship: Opening a live account establishes a relationship with a broker. This relationship involves understanding the broker's trading platform, order execution speed, customer support, and other services provided.
Access to Live Market News: Many Forex traders rely on real-time news and economic data to make informed decisions. Live accounts often come with access to live market news feeds, economic calendars, and analysis tools.
Live Trading Strategies Testing: While demo accounts are useful for testing strategies, live accounts allow traders to assess the effectiveness of their strategies in a real market environment. Strategies that perform well in a demo account may behave differently in live conditions.
Earning Potential: Live trading, if done successfully, offers the opportunity to generate profits. Traders can benefit financially by making informed decisions and executing profitable trades.
Adaptation to Market Conditions: Live trading allows traders to adapt to changing market conditions, unexpected events, and economic releases. This adaptability is essential for staying successful in dynamic markets.
It's important for traders to start with a well-thought-out trading plan, use proper risk management techniques, and continuously educate themselves to maximize the benefits of trading with a live account. Additionally, traders should be aware of the risks involved in Forex trading and only trade with money they can afford to lose.
fund are safe?? there are zillion on FX platform providers which are not regulated. Funds are safe as long as your platform is provided by a reputable institution/bank