Forex Trading – What do you need to get started?

Forex may seem like a daunting arena to trade within, however it may not be as tough as you originally thought. More and more people are getting involved with forex, as should you approach forex trading properly there is definitely plenty of profit to be made.

Do Your Research

Even though the forex market is becoming increasingly accessible, success is definitely not guaranteed. Before you start forex trading you would have probably worked hard to raise a pot of capital to play around with, so the last thing you want to see is this money disappear. Treat forex like any other financial transaction and before you agree to get involved you need to be fully prepared for all possible outcomes. Start the process early by researching the field. There is a whole host of free educational resources out there, both physical and web based. Many brokers also offer demo accounts to help newcomers to forex learn the field. Outside of the educational aspects of forex, you will need to develop a financial savvy and economical judgement. However, those will come to you in time and they aren’t something you can necessarily learn from a resource.

Finding a Broker

Plain and simple, you can’t trade forex without a broker. Brokers vary in quality, price, and service, so it is important that you do your research and find one that suits your forex trading style. Some brokers you come across will be forex trading exclusive, while others will be more multi-faceted. Obviously if you have various investments in other markets then the latter might be better suited to your situation. Whatever type of broker you choose, they should be FCA regulated at minimum. They should also be there for you when you need them, so enquire about their customer service options. Are they available around the clock? Are they not available evenings and weekends? All this information should be a factor when you decide which broker to use.

Take it for a Test Drive

The first broker you sign up to won’t necessarily be the one you eventually stick with. After selecting a broker, get involved with the software and platform straight away to get a feel of how it works and to see if it is the right platform for you. Use the brokers demo account and see if the platform is suitable. If it isn’t then you shouldn’t worry too much, you can always go back to the drawing board as there are plenty of other forex trading platforms out there.

Final Thoughts

The forex market is undoubtedly an exciting place to be, but during your early days forex trading you may be left feeling a little overwhelmed. You should remember that getting started in forex isn’t as tough as it may seem. Remember all the aforementioned and you should be able to get off on the right foot, with success hopefully coming sooner rather than later.

Can you Trade Forex for a Living?

It doesn’t matter whether you are a white-collar worker or a blue-collar worker; everyone is looking for a way out of the daily ‘rat race’. More and more people are turning away from traditional work in order to pursue home based earning via the form of online trading. The form of trading that is attracting the most attention is forex trading, but can you trade forex for a living? Read on to find out.

What is Forex?

Forex trading (sometimes listed as just FX trading) is a form of investment that has strong connections to the foreign exchange markets. It places focus on the exchange of international currencies in attempt to make profit. The forex market actually qualifies as the largest form of investment market in operation, as it involves almost all the countries around the world. When it comes to forex, all trading is handled in an ‘over the counter’ capacity, which helps separate it from traditional forms of trading.

Operating Times

What makes forex so appealing as an avenue of investment, especially to those who wish to do it for a living, is that the market never sleeps. It means if you wish to leave the 9am to 5pm behind to trade forex for a living, then odds are you are going to enter a world that operates round the clock. This means that you can create and operate within your own customised work schedule and will no longer be tied down to a schedule that is dictated to you by an employer.

Trading Levels

Where forex differs from other trading markets is that it is split up into several different access levels. What level you have access to is all dependent on how much you can and are willing to invest. The highest level that can be accessed is the Interbank Market. To reach this you need to not only have a mountain of cash backing you, but also expert knowledge of when it the best time to trade forex and how to secure a profitable deal more often that. Interbank Market is the considered the pinnacle level and such trickles down from there, with all other levels largely related to funds available and prior forex trading success.

Final Thoughts

The days of having to force yourself into a workplace to make money are slowly becoming a thing of the past, as many continue to look for alternative money making opportunities, Forex trading has become a way from many to take control of their finances and assume full responsibility for their earning potential. If you are asking if you can trade forex for a living, the answer is definitely yes, but it isn’t as simple as logging onto to a trading platform. Trading forex for a living requires more than just a desire to do so, should you want to trade forex a living you need to brace yourself for the hours of intense struggle that lie ahead. If you are ready for risk and are willing to make brave decisions then you may find that trading forex for a living is a viable 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. Having a keen interest in investments, Alexander has been working for a broker house as a freelance copywriter since May 2014.

Is it the right time to invest in Apple shares?

When you count down the top-ten most innovative companies in the world, Apple would come near the top of that list almost every time. Since the 1970s, Apple have revolutionised the way people view both home and mobile technology. Innovation has become an integral part of their business model and has helped push their stock price up in recent years. Apple shares offer investors an all-round appealing investment, but should you invest in Apple shares? Read on for more information.

Cost

In the past, should you have wanted to invest in Apple shares you have had to part with a pretty penny in order to do so. However, a rare window has opened up that means people can get hold of them cheaper than expected. The iPhone 6 and Apple Watch announcement of summer 2014 wasn’t exactly what people were expecting. Following the usual bump in share price, it dipped to the lowest point since 2012. It represented a 20% drop and even though it still isn’t cheap, it is definitely discounted. Should you invest in Apple shares during fall 2014, you may be getting a great deal.

Portfolio

Apple stocks are a pricey acquisition, which means they are going to be a stock that makes up the backbone of your portfolio. It isn’t going to be a stock that can be flipped for a quick profit, nor can you factor it into the part of your portfolio that is going to provide you with short-term gains. When you choose Apple it is going to a stock that will more than likely provide results over the long-term. The question you must ask yourself is should you invest in Apple shares, are you going to be able to find a place for Apple shares in your portfolio? Or will you have to sacrifice one of your premium stocks in order to do?

Understanding the Product

It sounds obvious, but being a user of Apple products can actually make you more knowledgeable about the brand when you choose to invest in Apple shares. The company prides itself in secrecy regarding product development; making predicting what is coming in the future hard for an outsider. However, consistent users of Apple products can predict what is coming the future, as they match up hardware and software advances with iOS compatibility and release date timelines. Obviously, the deep financial performance of the brand will always be out of reach, but estimation can go a long way in predicting the performance of Apple products in the pipeline.

Final Thoughts

There is plenty to consider should you want to invest in Apple shares, with the aforementioned arguably being the most important. But, the be all and end all of any decision will always rest on the fact that Apple is a global powerhouse, as such their shares command global powerhouse type of money to buy. If you can afford to part with such then Apple represents a smart investment, if you can’t it may be worth directing your attention elsewhere.

Could I Profit From Forex Trading or Alibaba Stocks?

Many people considering investing in Alibaba stocks are also interested in learning how to trade Forex. ‘Forex’ means Foreign Exchange, and there are many different Forex markets in operation around the world. In fact, the Forex market is referred to as being 24/7, as currencies are always being traded at one point or another in various time zones around the world. This is not the case with Alibaba stocks, which would be traded within normal working hours.

The Forex market appeals to those who could also be thinking about buying or selling Alibaba stocks for several reasons. The accessibility of the markets, as noted above, is one benefit for busy traders who may also be working full time trading Alibaba stocks as well as other stocks. At the same time, Forex is leveraged and thus initial deposits can only be a fraction of the value of the trade. Another appealing factor is the variety one encounters on the Forex markets, as so many different currency pairs can be traded.

That said, asking a question such as ‘Could I profit from Forex trading?’ to someone who has purchased Alibaba stocks is not one which is easily answered. Ask any Alibaba stocks trader who has previously had their fingers burnt through a trade which went wrong and they will tell you that the financial marketplace, is, just like the sea, a fickle mistress. In particular, the range of factors which can affect currency values – war, famine, politics, economic change, are so vast that currencies can increase or decrease in value rapidly.

To profit from Forex trading, or indeed to profit from Alibaba stocks, you would need to have a good understanding of the world news, how financial trading works and you also need to be able to make accurate predictions. Basically, you would need a crystal ball. As such, it is most wise to go into Forex not expecting to make a substantial profit for some time, if ever. You will need to learn the ways of the market place and to teach yourself patience and perseverance, to even stand a chance of making money. The same can be said to anyone reflecting on the idea of dealing Alibaba stocks.

Risk warning: 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.

How to Invest in Alibaba Shares

Are you hoping to invest in Alibaba shares, but you are confused as to what steps are required to do so? If so, this short guide will be of help to you. Read on to find out exactly what you need to do in order to invest in this e-commerce company.

1. Research the company: Before you begin to invest in Alibaba shares you need to find out as much information as is possible about Alibaba. How are they currently performing and how are they expecting to perform in the coming year? Are there any factors which could impede their progress or boost their recovery? These questions and more should be answered.

2. Find out about trading: If you are new to the world of shares and stocks then it will benefit you to learn about how financial markets operate, how shares are bought and sold and how a broker operates as a middle man. Being thus prepared, you will better understand the trading process when you begin to buy or sell Alibaba shares.

3. Work out how much you would like to trade: You may be trading as a hobby, or trading may be about to become your full time job. Either way, being sure of your finances and carefully determining how much money you can spend on the trades when you opt in or out of Alibaba shares is sensible.

4. Consult a brokerage: Using a broker to sell and buy Alibaba shares on your behalf is a must-do on your trading list, so get searching. Trust, experience and excellent standards of customer service are the things to look for.

5. Watch the markets: Be vigilant about reading the financial newspapers and watching online forums relating to the markets you are interested in trading on. Those in the know will be those getting ahead, after all.

6. Make your own decisions: Yes, your broker is there to help and may be allowed to give you trading advice on Alibaba shares, if they are so permitted by the Financial Conduct Authority. Yet this does not mean they are necessarily right. It is better to make your own trading decisions.

7. Exhibit self control: If you experience some good fortune with your first investment in Alibaba shares, then you will be pleased, naturally. However, this doesn’t mean you should then throw yourself into another trade straight away. Bide your time and guard your money.

Risk warning: 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.