Category: Uncategorized

Ways to detect fraud in Forex As the popularity of Forex trading increases, cheating activities are increasing. Since Forex involves trading money on an international scale, often on the Internet, good chains of fraud attempts are beginning to emerge. Ironically, many of these fraud artists can find their footprints in newspapers, television, and other print media. While these cheating attempts can be easily monitored by experienced traders, new speculators find it difficult to distinguish between what is real and what is not. It is essential that you thoroughly look at everything related to Forex trading and which company you are likely to trade with before you deposit any investment money. The last thing you will need to know is if the company you invested in is subject to SEC investigation for fraudulent crimes. In such circumstances it will be impossible to recover your money from this company because the claims by people who have been scammed like you will be much higher than the payments that can be guaranteed by the government. One of the ways to detect the attempts of a monument in Forex trading is when you hear someone announce a forex trading system that does not involve any risk. It is common axiom that risk is a close adjective of Forex trading, and generally no one can claim otherwise, otherwise it is a liar or rather a criminal. Successful Forex trading requires the availability of knowledge, discipline and a prudent strategy for trading but does not require a magical or risk free program that can guarantee the profit of money in this field. One of the other common methods of cheating professionals in Forex is to offer and promise job opportunities for people who will use their trading systems. This is usually a trick to convince you to spend your money with them. It’s all about catching people with their money so they spend it in this company. These companies usually offer promises that they will save the company’s money for trading by people who will use their trading system. But why should they do that? All they do is try to lure people with their training systems and then try to convince them that those who excel during the training period will be hired by the company and traded with their real money that will enable them to make a fortune in a short time. All reputable Forex trading sites are often found in CFTC or NFA members. Make sure there are no claims on the company you will deal with and that they are members of one of these organizations before you consider dealing with them. Since the FX market is relatively unorganized, in many cases Forex attempts are technically well prepared and may involve intermediaries manipulating prices through methods that can not be traced by the average trader. For this you must be careful not to fall victim to such mediators.

(The main difficulties facing a forex trader) Most traders spend years trying to look for a set of indicators that only a few Forex traders know that will enable them to become wealthy in a short time. But there is no such thing as a fantastic indicator or a set of indicators that can enrich anyone in a short period of time. The main reason for this is market changes, each moment is unique. Any Forex trading system will inevitably fail at one time or another. Therefore, our goal will be to find the Forex trading system that fits our character as traders, otherwise the trader will have difficulty tracking this system. Unfortunately, most traders are attracted to the Forex market because of the desire to increase money. This is mainly due to the fact that advertising always tries to show or suggest that trading and making money in Forex are easy. But in fact, trade in itself is very easy for anyone to do. It’s just as difficult as a single peak, but the second part of trading is not that simple. Making money or achieving continuous profitability results is difficult as it requires a lot of learning, patience, discipline and commitment. This list will continue with you forever. Most traders ignore that they will not have to use capital management rules until they achieve sustained profitability results. But capital management allows you to increase your profits systematically and also reduce the risk you face in each trading center. Capital management tells you how much risk you can incur in each single trade. Using capital rules is essential if you want to achieve the objectives of your business. Using capital management rules, you are sure you can stay in the market tomorrow, next week, next month and even in the following years Psychological discipline is one of the most forgotten topics. One of the most important principles of the financial market is that the price of any financial asset depends on the realization of all individuals involved in the market or so-called “herd.” In other words, the price of any financial asset is determined according to the factors of fear, greed and hope of all traders. You must be aware of all the psychological factors affecting the decisions of traders will definitely put the possibilities of trade in your favor. Learning is the basis of knowledge in any human system. Just as engineers and doctors need long years of university education before earning their degree, Forex traders are also required to spend many years studying. It is recommended that you find someone with experience to guide you through the trading process because some information may take you without knowing the wrong path.

(How did forex start?) The origin of the Forex trade has been traced back to its history years ago. Different currencies and the need to exchange them have existed since the days of the Babylonians. He calculated that they were the first to use paper notebooks. Speculations were barely speaking. These days the value of goods was expressed in the form of other goods. The clear limits of this system encouraged more acceptable means of exchange. It was necessary to establish a common rule for calculating the value. In some economies, things such as teeth, feathers and even stones were used at some times, but later on, the use of minerals, especially gold and silver, was used to dig a prominent place as an acceptable means of payment and also as a storehouse of value that could be trusted. Trade between the peoples of Africa, Asia and others was done through this system. Money was initially manufactured from the preferred metal in stable political systems, introducing the paper form of government bonds also gained acceptance in the Middle Ages. This type of bond or paper currency was more successful by imposing it through force than persuasion until it became the basis of the modern currency system in today’s world. Before the First World War, most central banks supported their currencies by making them convertible into gold. However, the standard gold swap system had weaknesses during the cycles of contraction and boom. When an economy recovers, it begins to increase the pace of its imports from abroad so that its gold reserves are reduced to support its currency. As a result, money supply dwindles as interest rates rise and economic activity slows down to recession. in the end. . The Great Depression and the abolition of the gold standard system in 1931 created a period of calm in the activity of the Forex market. From 1931 until 1973 The European Economic Community introduced a new system of fixed exchange rates in 1979 known as the European Monetary System. Europe’s pursuit of currency stability continued with the signing of the Maastricht Treaty of 1991, which not only aimed at stabilizing exchange rates but also replaced many of them in euros in 2002. London was and remains the main center of the offshore market. In 1980, it became the main center of the Euro-Dollar market when British banks began lending in US dollars as an alternative to the Pound. In order to maintain its leadership position among global financial centers, the non-persistence of the fixed exchange rate regime gained new significance with the events in Southeast Asia At the end of 1997, some of the currencies were devalued against the US dollar, while others were left unchanged, especially in South America, which was also in dire straits at this time. While businesses have to face a more volatile currency environment during these years, investors and financial institutions have found new ground to work on. The Forex market initially operated under the control of central banks and government institutions but later absorbed various other financial institutions. At the moment, it also includes dot com companies as well as those operating on the Internet. The size of the Forex market is currently dwarfed by any other market for investment. The foreign exchange market is the largest financial market in the world where it trades approximately $ 1.9 trillion a day. It is estimated that more than $ 1200 billion a day is traded daily and thus can easily be said that the Forex market is a very lucrative opportunity for discerning investors