gbp aud

The Warning Signs Surrounding GBP/AUD

Typically, currency pairs will involve two currencies of countries that have well-developed economies and play a significant role on the world stage. Many of these involve either the USD and/or the GBP, and in this case, it’s the GBP/AUD pair that this article will focus on. The focus here is on why both of these currencies will likely down trend long into the future. While it doesn’t mean that you should avoid all forex trades with them, you should maintain a sober outlook in regards to the fundamentals for these currencies.

In the United Kingdom’s case, the Brexit vote is by far the biggest strike against the stability of the GBP. Already, the currency had declined more than 12% by the eve of the historic vote, which represents a staggering loss by historical standards. Against the USD, by the end of September 2016, it was at a 31-year low. Its value against the AUD isn’t much better. While the Brexit may not actually happen should Article 50 not be served, the fact that the vote for it passed means that it will take years to fully restore confidence in the currency, with GBP/AUD taking a hit as a result.

The standpoint and action of the Bank of England are another points to consider. The BoE favours retaining its loose monetary policy (referred to as Quantitative Easing), but some of its members are beginning to baulk at the length of time that its low-interest rates have been maintained. It is the only major central bank that is actively increasing the level of monetary stimulus it is providing to the economy, which is designed to push the value of the GBP even lower.

Within the GBP/AUD pair, Australia faces a problem of a different nature. Its mining boom, largely fueled by demand from China and India, has helped push the Australian economy to new heights – its per-capita income in nominal terms stands as one of the highest in the world. That said, this boom has resulted in Australia becoming dependent on the BRICs economies for its own fortune, a task that has proven to be increasingly difficult in recent years. Of the four, only India is showing an accelerating trend of growth.

In spite of these fundamentals, the Reserve Bank of Australia (RBS) is committed to keeping interests rate elevated, allowing the AUD to stand strong with the GBP/AUD pair. RBA Governor Battelino states that the past trend of inflation resulting from mining booms demands a more restrained monetary policy and that the underlying health of the economy justifies keeping rates higher. The stance of the RBS is that it wants its currency to remain strong, and more interest rate hikes are likely coming. The strength of the AUD is only going to grow.

In regards to how the GBP/AUD appears, the 10-day moving average of the pair is below the 20, 50 and 100-day moving averages of the spread between the two, pointing to a sudden and major change in the relationship between the currencies. This suggests that the trend is likely to continue in the near future, which should inform anybody wanting to trade the GBP/AUD currency pair.

Spreadbetting, CFD trading and Forex are leveraged. This means they can result in losses exceeding your original deposit. Ensure you understand the risks, seek independent financial advice if necessary. The value of shares and the income from them may go down as well as up. Nothing on this website constitutes a solicitation or recommendation to enter into any security or investment.

 

Alexander Bowring is a London based writer and a Southampton Solent University Screenwriting graduate. He has worked alongside TV personality and Telegraph feature writer Alison Cork, whilst also having produced content for ITV, This Morning, Canvas8, Who’s Jack, Alison at Home, and Bonallack & Bishop Solicitors. Alexander also has a keen interest in investments.

Top 4 Foreign Currency Exchange Trading Tips

If you have dabbled in foreign currency exchange trading before but have struggled to be successful, don’t worry, as this is not an uncommon occurrence. The world of foreign currency exchange trading can often be a difficult path, with success being hard to come by more often than not. However, when it comes to finding illusive success, help is not too far away, as the below 4 tips can reinvigorate your trading experience.

top-4-foreign-currency-exchange-trading-tips

Tip No.1 – Always have a goal in mind

 

Foreign currency exchange trading is a long and hard journey. As with any trip, you need to know where your end location is. A set desired level of profit or portfolio size determines this final destination in the world of foreign currency exchange trading. Question your goals from the outset. Do you want to achieve a self-sufficient portfolio that generates a regular turnover? Or do you want to trade sparingly, aiming to reduce risk but maximise short-term profit? If you want to achieve success, you cannot trade aimlessly, so always having a goal for your foreign currency exchange trading habits in the back of your mind is key,

Tip No.2 – Employ the back of a reputable broker

 

You might be surprised to discover the quantity of traders who are restricted by being backed by a low-quality online broker. With so many different brokers being on the market, the reality is that the quality varies wildly. Some platforms offer a bare bones structure, whereas others an all-inclusive service. Whichever type of platform you sign up for, ensure it is a reputable broker with a well-known name. This should act as a framework to achieving success when it comes to foreign currency exchange trading. Furthermore, reputable brokers more often than not have a comprehensive customer service network, which is vital in the event you encounter unforeseen problems when trading.

Tip No. 3 – Stick by a set mythology

 

With countless ways to trade foreign currency at hand, you will find that some methods are easier to employ than others. Initially, before you start to trade, you need to commit to a set methodology, one that has long term credentials. Some traders set their trading style based on the fundamentals of a countries economy, whereas others settle on a technical approach. This means analysing charts and statistics. Obviously, these are not the only two methods, with many branches coming off them with slight tweaks and variances. Whichever foreign currency exchange trading methodology you commit too, it must be followed over the long term.

 

Tip No.4 – Prepare for the long haul

 

While success is certainly achievable with consistent short-term gains, it is a rare sight when it comes to foreign currency exchange trading. If you commit to trading foreign currency, you must be prepared to hold for the long term, meaning waiting for months instead of days for profit to come around. If you cannot commit to such a long duration, then you should ask whether foreign exchange currency trading is the right investment option for you.

Spreadbetting, CFD trading and Forex are leveraged. This means they can result in losses exceeding your original deposit. Ensure you understand the risks, seek independent financial advice if necessary. The value of shares and the income from them may go down as well as up. Nothing on this website constitutes a solicitation or recommendation to enter into any security or investment.

Alexander Bowring is a London based writer and a Southampton Solent University Screenwriting graduate. He has worked alongside TV personality and Telegraph feature writer Alison Cork, whilst also having produced content for ITV, This Morning, Canvas8, Who’s Jack, Alison at Home, and Bonallack & Bishop Solicitors. Alexander also has a keen interest in investments.

Foreign Currency Exchange Trading Terminology Explained

After taking your first step into the foreign currency exchange trading world, it can be quite an overwhelming experience. The onslaught of information will come thick and fast from the very first moment, and a majority of it will be hard to understand and digest. Foreign currency exchange trading requires a certain knowledge to master. While each and every trade should be made with comprehensive research, getting the fundamentals right with foreign currency exchange trading only requires a base level of education. In order to take this “next step” for knowledge, take on board the tips in this article.

Foreign currency exchange trading terminology explained

Currency Pair

 

The term “currency pair” will be a phrase you encounter often in the world of foreign currency exchange trading. You will understand that the process of trading foreign currency is done by trading one currency for another, hence currencies being showcased in pairs. Consider that you currently hold USD in your investment portfolio, but you want to buy GBP, this trade will be a currency pair of USD/GBP. There are numerous formats for currency pairs, with enough available to satisfy all who want to trade foreign currency, no matter what the scale in mind is.

 

Spread

 

If you hear the term spread, it is referring to the difference between the buying and selling price. Most consider this to be where the profit is found in foreign exchange currency trading. Trading currencies require you to watch the spread extremely closely, with the ideal scenario being you holding a higher priced currency for the one you are about to trade for. In this scenario, you will be making money, but if the situation is the other way around, you will see a loss.

Leverage

 

In the world of foreign currency exchange trading, the term leverage refers to both margins and credit, both being used collectively to make trades. If you trade using leverage, as an investor you can make your money stretch further, however, there is an increased risk associated with it. Select online brokers are able to offer leverage ratios as high as 50:1, meaning a single pound can be worth up to £50 in a trade scenario. However, if a trade begins to unravel, you can find yourself in deep trouble fast.

Stop Loss

 

Unlike other elements currently able to be used within the world of foreign exchange currency trading, stop loss is able to offer some form of security. As mentioned previously, if leverage is not used properly, significant risks are involved. However, stop loss is a tool used for risk management. The usefulness of this feature at times can be worth its weight in gold, as it can prevent you finding yourself in financial freefall during hard times of trading. When a stop loss is initiated, it automatically enforces a trade if the value of the currency dips below a pre-set level. It is an essential aspect of foreign exchange currency trading, but must be used wisely, as it can deconstruct an effective trading strategy if implemented poorly.

Spreadbetting, CFD trading and Forex are leveraged. This means they can result in losses exceeding your original deposit. Ensure you understand the risks, seek independent financial advice if necessary. The value of shares and the income from them may go down as well as up. Nothing on this website constitutes a solicitation or recommendation to enter into any security or investment.

Alexander Bowring is a London based writer and a Southampton Solent University Screenwriting graduate. He has worked alongside TV personality and Telegraph feature writer Alison Cork, whilst also having produced content for ITV, This Morning, Canvas8, Who’s Jack, Alison at Home, and Bonallack & Bishop Solicitors. Alexander also has a keen interest in investments.

The Basics Of Currency Pairs Explained

Foreign currency exchange trading, otherwise known as forex trading, in theory, is a simple process. In many ways this is true, but it is hard to be successful without a lot of skill and expertise within your arsenal. The skill aspect requires a lot of trial and error, but for expertise, this can be picked up with sufficient research. If you feel the downfall of your foreign currency exchange trading strategy is due to lack of understanding of currency pairs do not worry, as we are here to help. This article will take an in-depth look into currency pairs and will help explain the best to trade and which to avoid.

The basics of currency pairs explained

What currency pairs are classed as ‘majors’?

 

Currency pairs are either deemed to be ‘minors’ or ‘majors’. For beginners, it is best to only focus on the ‘majors’. This includes pairs such as EUR/USD, GBP/USD, USD/CHF, and USD/JPY. When considering your foreign currency exchange trading portfolio, these major pairings should be the foundation of what you trade around.

What currency pairs rank as most popular?

 

In terms of popularity, it shouldn’t be a surprise that the ‘majors’ dominate the charts. From a volume perspective, EUR/USD is easily the most popular, consisting of around 70% of total transactions, showing that the world traders have a lot of time for this pairing in particular. However, that doesn’t mean other currency pairs aren’t traded regularly. When you analyse the stats, you will see pairs like GBP/JPY, GBP/USD, and EUR/JPY are also favourites in the foreign currency exchange trading world.

What currency pairs are most liquid?

 

You should already know that liquidity is essential to success in foreign currency exchange trading. EUR/USD is considered to be the most liquid, mainly due to the high transaction volume. While this is true, you will unlikely find liquidity to be a problem when trading foreign currency. Generally, with the size of the market being so big, it would be rare to not be able to find another trader to complete a trade via.

 

What currency pairs are the best to trade?

 

This question in itself is highly subjective, as traders will have their own personal preference. That is just the nature of foreign currency exchange trading. If you really want to determine it for yourself, take a look at the signals, or more specifically, look for sharp growth signals.

When is the best time to trade forex?

 

Foreign currency exchange trading is a market open 24 hours a day, so it literally never sleeps. The question of when is the best time to trade is highly dependent on your own personal portfolio and what currency pairs you currently own. Furthermore, it is dependent on what currency pairs you will wish to acquire. For example, a UK-based trader would not find it worthwhile to trade substantially in the early hours of the morning, as most of the movement within the GBP will not be happening then.

Spreadbetting, CFD trading and Forex are leveraged. This means they can result in losses exceeding your original deposit. Ensure you understand the risks, seek independent financial advice if necessary. The value of shares and the income from them may go down as well as up. Nothing on this website constitutes a solicitation or recommendation to enter into any security or investment.

Alexander Bowring is a London based writer and a Southampton Solent University Screenwriting graduate. He has worked alongside TV personality and Telegraph feature writer Alison Cork, whilst also having produced content for ITV, This Morning, Canvas8, Who’s Jack, Alison at Home, and Bonallack & Bishop Solicitors. Alexander also has a keen interest in investments.

Foreign currency exchange trading, otherwise known as forex trading, in theory, is a simple process. In many ways this is true, but it is hard to be successful without a lot of skill and expertise within your arsenal. The skill aspect requires a lot of trial and error, but for expertise, this can be picked up with sufficient research. If you feel the downfall of your foreign currency exchange trading strategy is due to lack of understanding of currency pairs do not worry, as we are here to help. This article will take an in-depth look into currency pairs and will help explain the best to trade and which to avoid.

What currency pairs are classed as ‘majors’?

 

Currency pairs are either deemed to be ‘minors’ or ‘majors’. For beginners, it is best to only focus on the ‘majors’. This includes pairs such as EUR/USD, GBP/USD, USD/CHF, and USD/JPY. When considering your foreign currency exchange trading portfolio, these major pairings should be the foundation of what you trade around.

What currency pairs rank as most popular?

 

In terms of popularity, it shouldn’t be a surprise that the ‘majors’ dominate the charts. From a volume perspective, EUR/USD is easily the most popular, consisting of around 70% of total transactions, showing that the world traders have a lot of time for this pairing in particular. However, that doesn’t mean other currency pairs aren’t traded regularly. When you analyse the stats, you will see pairs like GBP/JPY, GBP/USD, and EUR/JPY are also favourites in the foreign currency exchange trading world.

What currency pairs are most liquid?

 

You should already know that liquidity is essential to success in foreign currency exchange trading. EUR/USD is considered to be the most liquid, mainly due to the high transaction volume. While this is true, you will unlikely find liquidity to be a problem when trading foreign currency. Generally, with the size of the market being so big, it would be rare to not be able to find another trader to complete a trade via.

 

What currency pairs are the best to trade?

 

This question in itself is highly subjective, as traders will have their own personal preference. That is just the nature of foreign currency exchange trading. If you really want to determine it for yourself, take a look at the signals, or more specifically, look for sharp growth signals.

When is the best time to trade forex?

 

Foreign currency exchange trading is a market open 24 hours a day, so it literally never sleeps. The question of when is the best time to trade is highly dependent on your own personal portfolio and what currency pairs you currently own. Furthermore, it is dependent on what currency pairs you will wish to acquire. For example, a UK-based trader would not find it worthwhile to trade substantially in the early hours of the morning, as most of the movement within the GBP will not be happening then.

Spreadbetting, CFD trading and Forex are leveraged. This means they can result in losses exceeding your original deposit. Ensure you understand the risks, seek independent financial advice if necessary. The value of shares and the income from them may go down as well as up. Nothing on this website constitutes a solicitation or recommendation to enter into any security or investment.

Alexander Bowring is a London based writer and a Southampton Solent University Screenwriting graduate. He has worked alongside TV personality and Telegraph feature writer Alison Cork, whilst also having produced content for ITV, This Morning, Canvas8, Who’s Jack, Alison at Home, and Bonallack & Bishop Solicitors. Alexander also has a keen interest in investments.

4 Things That All Top Foreign Currency Exchange Traders Do

When you are carrying out foreign currency exchange trades, it is important that you have the tools and skills needed at hand to succeed. This includes market knowledge, as well as technical trading tools, with each aspect being as important as the last. To help you work towards your dream of foreign currency exchange trading success, here are 5 things that all the top traders do, and you should too.

4 things that all top foreign currency exchange traders do

Tip No. 1 – Use fundamental analysis at every turn

 

You will need to know what the prices currently are for integral currencies and what they should be looking into the future. To achieve this, you can look at the fundamentals of each currency through the appropriately named fundamental analysis. This basically means there are broad recurring themes that affect the market and if understood, can be used to determine the future performance. If you correctly carry out fundamental analysis, you can set up your own rules for entering and leaving a trade with profits in your crosshairs.

Tip No.2 – Pair strong currencies with weak currencies

Through doing this you can skew your results towards profit while dropping the dead weight currencies that are dragging you down and hampering the progress of your portfolio. However, one thing to consider is that you will be buying a strong currency, while effectively shorting the other. Do not ignore the fact that all currencies have advantages and disadvantages, meaning the situation may change in terms of profit at any moment. Saying that, though, the key for all traders is to pair the strong against the weak, this will result in profits.

 

Tip No. 3 – What is mathematically best may not always be the right move

 

When it comes to beginner traders, a delicate and precise approach is adopted within their trading strategies. This is carried out with the belief that this method will eventually lead to multimillion-dollar gains. Unfortunately, the market doesn’t always work like this, and the reason is simple. While mathematics is an essential part of success, it cannot be solely relied on. Other factors can change prices, which means mathematics is not the be all and end all of the foreign currency exchange.

Tip No. 4 – Scale your investments appropriately

 

Another crucial part of foreign currency trading revolves around scaling your investments correctly. This means trading in the correct way to reduce the risks that you are facing. If you do not do this, you will be exposing yourself to events that you could otherwise be avoiding. Remember, foreign currency exchange trading without scale will lead to uneven investments and eventual losses.

These tips may seem like common sense, but it is important to stick to such advice when you are looking into foreign currency exchange trading. When it comes to this market, the details are where you win or lose large sums of money. Professional traders already understand these core aspects and there is certainly a reason for why that is the case.

Spreadbetting, CFD trading and Forex are leveraged. This means they can result in losses exceeding your original deposit. Ensure you understand the risks, seek independent financial advice if necessary. The value of shares and the income from them may go down as well as up. Nothing on this website constitutes a solicitation or recommendation to enter into any security or investment.

Alexander Bowring is a London based writer and a Southampton Solent University Screenwriting graduate. He has worked alongside TV personality and Telegraph feature writer Alison Cork, whilst also having produced content for ITV, This Morning, Canvas8, Who’s Jack, Alison at Home, and Bonallack & Bishop Solicitors. Alexander also has a keen interest in investments.

How Brexit Is Affecting Currency Exchange Rates

Figuring out when it is best to transfer money oversea or to buy foreign currency for your holiday is never an easy task, particularly with the whole uncertainty regarding Brexit currently gripping Europe. Recent weeks have seen the euro and sterling go up and down like a rollercoaster, as the currencies have been hammered as the UK voted to depart from the EU.

How Brexit is affecting currency exchange ratesThe direct of Smart Currency Exchange, Charles Purdy said; “At the beginning of last week, we saw the euro gain further strength, reaching a two-week high against sterling. This was due to EU referendum polls in the UK taking centre stage, with the latest polls indicating a jump in ‘Brexit’ support, which caused sterling weakness across the board. This trend was reversed overnight as the likelihood of a June US interest rate hike receded. The euro had a slightly disappointing day on Tuesday, despite better-than-forecast revised growth figures, as it lost ground against sterling and the US dollar.”

Later last week, the pound sterling dropped again, after the leave campaigned sneaked a victory, leaving the EU in shock. If you are needing to make a currency transfer in the near future, perhaps you are making a Europe property purchase, or have a mortgage there, it makes sense to seek the advice of a currency specialist first. It is possible to lock in a more favourable exchange rate in advance, meaning if the exchange rate drops further, you will still make the transfer at a better rate. This process is known as a ‘forward contract’ and will allow for peace of mind if you are anxious about a potential weakening of the pound.

A forward contract can be utilised effectively if you think Britain will suffer further in the post-Brexit era, and sterling will drop as a result of the result the panic. Reports are surfacing that the pound could drop by up to 20% if issues begin to swirl, on the other hand, though, consider if the public votes rally behind being independent of the single market, resulting in you missing out on better rates by not waiting. Using a specialist does come with other advantages as well, you are likely to receive a much better exchange rate than what is offered by most financial institutions like banks. You should also receive no commission and lower fees.

Holidaymakers heading abroad to Europe in the upcoming weeks may also want to take advantage of sterling’s value now if they believe the UK will plummet further. Again, though, remember if the nation rallies you could lose out. Regardless of how you think the country will pan out, you should never leave it until the airport before exchanging currency. The best rates can be found online, with many providers offering free next day delivery or collection from a local store, both with no commission.

Spreadbetting, CFD trading and Forex are leveraged. This means they can result in losses exceeding your original deposit. Ensure you understand the risks, seek independent financial advice if necessary. The value of shares and the income from them may go down as well as up. Nothing on this website constitutes a solicitation or recommendation to enter into any security or investment.

Alexander Bowring is a London based writer and a Southampton Solent University Screenwriting graduate. He has worked alongside TV personality and Telegraph feature writer Alison Cork, whilst also having produced content for ITV, This Morning, Canvas8, Who’s Jack, Alison at Home, and Bonallack & Bishop Solicitors. Alexander also has a keen interest in investments.

Post-Brexit – Pound vs Euro

The Brexit decision shattered investor confidence and in the aftermath of the decision everything from sterling to stocks had been in for a bumpy ride. Further economic damage settled in the next morning after the results had been released, as investors abandoned the pound even more. The world was also shocked as Prime Minister David Cameron declared that he will be stepping down from his post come September. Scottish Prime Minister Nicola Sturgeon also hinted on the possibility of a Scottish referendum to declare independence from Britain. Furthermore, a vote of no confidence had been issued against Jeremy Corbyn, a political leader of the Labour party, leaving the UK political scene in a state of disarray.

post-brexit-pound-vs-euro

Saying that, there are positive aspects to Brexit though and Britain would likely trump financial doom-prophets in the long run. This can be seen in the positive light of Cameron’s resignation speech. Quoting part of his speech “I said before that Britain can survive outside the EU and indeed that we could find a way”.

Pound movements

 

The British Pound has been on a downhill slope with the decision taken to leave the European Union. This decision came as quite a surprise to most, as polls indicated that Britain was all set to remain part of the EU. However, this has certainly not been the case, as this news sent the pound spiralling downwards at a fairly sharp rate. If that wasn’t bad enough, even the euro has taken some losses to its more successful peers like the US Dollar. Analyst forecast that this downward movement would likely last for some time, as investors would be wary of investing in Britain before Brexit influences had subdued and the economic climate has stabilised once again.

At the moment, no Article 50 announcement has been made, so this still leaves Britain with some power to influence its own destiny. It would likely not nullify the referendum, as doing so would only serve to worsen the economic climate by creating political havoc within the country itself.

Euro movements

 

Speaking on the euro further, it did perform better aftermath of the referendum offering a strong run against the pound. In other forex pairs, the euro had however suffered some losses due to investors seeking a safe haven for their capital. Once Article 50 has been called into power it remains to be seen what the European Union will do, since negotiating power would then be in their hands, putting them in a much better position to influence economic decisions, without the input of the UK.

Future forecast for both currencies

 

Direct future results will likely be influenced to a great extent by the continued ramifications of the referendum results, although other economic announcements could have a significant impact. These announcements could be made by either Britain or the European Union itself. The Scottish independent poll could also play out to have an influence on both the pound and the euro, with the impact on the euro being less severe. Spain’s general election would also likely have an impact on the Eurozone, influencing this currency.

Spreadbetting, CFD trading and Forex are leveraged. This means they can result in losses exceeding your original deposit. Ensure you understand the risks, seek independent financial advice if necessary. The value of shares and the income from them may go down as well as up. Nothing on this website constitutes a solicitation or recommendation to enter into any security or investment.

Alexander Bowring is a London based writer and a Southampton Solent University Screenwriting graduate. He has worked alongside TV personality and Telegraph feature writer Alison Cork, whilst also having produced content for ITV, This Morning, Canvas8, Who’s Jack, Alison at Home, and Bonallack & Bishop Solicitors. Alexander also has a keen interest in investments.

What Is The Forex Trading Market?

The forex (or foreign exchange market) is a global market for the trading of currencies. What it encompasses is all aspects of buying, trading, and exchanging currency at prices that are decided upon by a number of varying factors. There are many ways to make sure that you are able trade the markets successfully, with the key being in understanding the markets before and what makes them tick. Looking at the currencies you will face, at their core they are handled by large international banks that have robust financial centers. These centers are the hub of all the world’s forex action, and control the function of the trading that takes place between buyers and sellers. The market is open during the week (5 days) and closed on the weekend (2 days), with these operational times being stuck to rigidly.

What is the forex trading market

Forex works through various institutions that allows there to be global operation in place on many different levels. This means that there are smaller firms that are known as forex brokers. There are many who are part of the trading market that are behind the scenes with all kinds of market changes. Forex has no regulatory authority and that makes it a fear for many investors. However, if you do your homework and you have a strategy; forex trading is a great way to not only make money, but to also establish a global investment presence.

Why is forex trading growing in influence?

Forex trading is growing and becoming more and more popular as each day passes. The main reason for this is the simple fact that there are many opportunities to make money with simple trades, new options are constantly opening up that will allow you to have a small investment in place and make potentially big returns. There has never been a better time to learn and plan how to trade the forex markets, as you have the opportunity to take a small investment and expand out to other markets.

Forex is one of the most important new ways to engage in trading and it is relatively new in the grand scheme of things since it has only been around since 1965. Since that time there have been over 400,000 millionaires who have made their fortunes through forex trading accord to official statistics. It continues to be one of the dominant channels for making money, as well as for pushing through new levels of prosperity all over the world.

Forex trading is very straightforward and easy to learn, as anyone and everyone will have access to the best options with regards to investing. Generally an open book from an investment perspective, when the time comes to kick start your investment experience keep all that you have read here today at the forefront your mind. When you want to make sure that you are prosperous when it comes to forex investing, you may find that all the above information represents the proverbial ‘keys to the mint’.

Spreadbetting, CFD trading and Forex are leveraged. This means they can result in losses exceeding your original deposit. Ensure you understand the risks, seek independent financial advice if necessary. The value of shares and the income from them may go down as well as up. Nothing on this website constitutes a solicitation or recommendation to enter into any security or investment.

Alexander Bowring is a London based writer and a Southampton Solent University Screenwriting graduate. He has worked alongside TV personality and Telegraph feature writer Alison Cork, whilst also having produced content for ITV, This Morning, Canvas8, Who’s Jack, Alison at Home, and Bonallack & Bishop Solicitors. Alexander also has a keen interest in investments.

Elements That Make Up Every Reputable Forex Broker

If you keep your eye on various investments, chances are that each day you’ll hear someone mention how the forex markets are doing. Forex used to be considered the little brother of the stock market, but now its own entity. It has also become very easy to get involved with, but in order to take part in this, you’ll need to find the right forex broker to help you along the way. This article will examine the various ways for finding the right forex broker for your current situation.

reputable forex broker

Financial Certification

Along with the rise in popularity of the forex market, there has also been a rise in Internet scammers ready to cheat you out of your money. Therefore, if you want to play in the forex market, you’ll need to be extra careful. Prior to signing up with a forex broker, carefully examine their credentials. If a brokerage service doesn’t have some sort of accreditation from a respected financial institution such as the Financial Conduct Authority (FCA), then you are best to avoid them.

Industry Reputation

Obviously, the forex broker you select should have a good reputation in the industry. If you have a prospective forex broker in mind, why not take some time to read any customer reviews. If your prospective forex broker has a lot of negative reviews, chances are there’s a reason for that, so you’d best avoid them.

Costs

You’ll want to make sure that your forex broker doesn’t end up costing you more money through hidden costs. People new to forex trading are not the only ones who get stung this way, as many seasoned veteran traders have been stung too. If you carefully read through any agreement you sign and ask them about ALL costs associated with trading before signing, it is less likely any hidden costs will surprise you.

Availability

One of the worst things that can happen to you is if your forex broker isn’t around when you need them the most. Trading forex means having to do it during odd hours (depending on which country you are in), so what good is having a broker who is unable to support you during these times? Have a chat with your forex broker about what times you think you might need them the most. If they can’t offer any support during these times, you are better off looking elsewhere.

Information

There are many different forex strategies for people entering the market. Some people will look at various statistics, while others choose to act on instinct. If you would rather use statistics, you will need to know if your forex broker can have this information available for you when you need it.

Demo Account

If you are just starting out with forex trading, look for a forex broker who can offer you demo software. A demo account can let you get your trading skills honed to perfection and not let you get thrown into the deep end unnecessarily. It may seem irrelevant to you, but a good forex broker should offer you a demo account to practice with.

Spreadbetting, CFD trading and Forex are leveraged. This means they can result in losses exceeding your original deposit. Ensure you understand the risks, seek independent financial advice if necessary. The value of shares and the income from them may go down as well as up. Nothing on this website constitutes a solicitation or recommendation to enter into any security or investment.

Alexander Bowring is a London based writer and a Southampton Solent University Screenwriting graduate. He has worked alongside TV personality and Telegraph feature writer Alison Cork, whilst also having produced content for ITV, This Morning, Canvas8, Who’s Jack, Alison at Home, and Bonallack & Bishop Solicitors. Alexander also has a keen interest in investments.

5 Things That All Top Forex Traders Do

When you are trading in forex, it is very important to make sure that you have the tools to succeed. From market knowledge to technical trading tools, it is all important and it all counts. Helping you achieve your dream of forex success, here are 5 things that all top forex traders do and you should to.

5 things that all top forex traders do

No. 1 – Use fundamental analysis

You want to make sure that you are able to know what the prices of key currencies are and potentially will be in the future. How you can do this is by looking at the fundamentals of a currency through the aptly named fundamental analysis. What this means is that there can be broad themes that are a part of the market for years that can determine its future performance. Through correctly implemented fundamental analysis you can determine the rule for entering and exiting a trade with profit in mind. If you are trying to highlight the right time to trade, fundamental analysis can help you do that.

No. 2 – Pair strong currencies with weak currencies

By doing this you are able to skew y5 Things That All Top Forex Traders Doourself towards profit, all the while ditching dead weight currencies in the process. One thing you need to think about is that you will be buying when one currency is strong and thus shorting another. You need to realise that every currency carries both strengths and the weaknesses, which means that the situation can change regarding profit in an instance. Saying that, the key for every trader is pair the strong against the weak with profit in mind.

No. 3 – What is mathematically best may not always be the right move

When it comes to new traders, the approach adopted is usually very delicate with very precise trading strategies implemented. The belief is that this take on the market will lead to eventual million dollar profits. Sadly, this is never the case and the reason is simple. While mathematical judgment is helpful, you can’t solely make a trade on that alone. Other determining factors often come into play, which means that what is mathematically best may not always be the right move.

No. 4 – Scale your investment appropriately

You will want to make sure that you scale your investment appropriately, and that you know what you need to do in order to trade the commodities you have at hand successfully. What that means for you is that you need to make sure that you are trading in the right way and in a manner that leaves you exposed to unnecessary risk. Remember, trading forex without scale will often lead to lopsided investments and eventual losses.

They may sound innocuous enough, but it is important that you take these rules into account when you look to trade forex. When it comes to the forex markets the devil is in the details, the pros understand this and after reading all of the above you should to.

Spreadbetting, CFD trading and Forex are leveraged. This means they can result in losses exceeding your original deposit. Ensure you understand the risks, seek independent financial advice if necessary. The value of shares and the income from them may go down as well as up. Nothing on this website constitutes a solicitation or recommendation to enter into any security or investment.

Alexander Bowring is a London based writer and a Southampton Solent University Screenwriting graduate. He has worked alongside TV personality and Telegraph feature writer Alison Cork, whilst also having produced content for ITV, This Morning, Canvas8, Who’s Jack, Alison at Home, and Bonallack & Bishop Solicitors. Alexander also has a keen interest in investments.