In order to trade forex, investors are required to open an account, and some accounts are experimental through which you can learn and train how to implement the orders for buying and selling and also making profit with stopping losses, and all this is done experimentally only.
Through this account, you can enter the world of real trading, and in this way, you are very professional, and you can execute some trades and then get money, and the transaction sizes start from 0.01 micro- lots in order to reduce the large losses that occur in many other platforms.
When you open an online forex trading account, you should know a set of simple and easy steps, namely:
1. Choose the type of account for activating your account before you think of activating the real account and charge it with the balance that suits you. You can open more than one demo account for forex, which is 100% free.
2. Understand the types of accounts before opening an account, either in personal profile or profile of the company.
3. For inexperienced users or users with small amounts of capital, may try open a mini-account and work on opening a Standard account in order for the account to be suitable for you and your experience.
You must also read the written contract well so that you can open a forex account and work to see the account opening form with them and read all its clauses and agree to them so that each party knows the nature of his work and that during the opening of the forex account, during the registration in the forex account, you must present the various official papers, which are Just a simple broker.
The account is activated after the broker has received all the necessary documents and you must also receive an email with various instructions regarding completing the activation of your Forex account, and this message will contain the name, password and various instructions about financing so that it is suitable for each client according to the available capabilities, With some support when working to open your account in your distinguished website, this method is very easy in order to obtain a forex account.
High-risk investment warning: Trading Foreign Exchange (Forex) and Contracts for Differences (CFDs) is highly speculative, carries a high level of risk and may not be suitable for all investors. You may sustain a loss of some or all of your invested capital, therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin. Any opinions, news, research, analysis, prices or other information contained in this presentation is provided as general market commentary and does not constitute investment advice.
Editors’ Picks
EUR/USD defends US inflation-inspired gains near 1.0300 at one-month high
EUR/USD flirts with the 1.0300 threshold, after posting the biggest daily gains to refresh five-week high, as traders reassess the risk profile during early Thursday morning in Europe. The reduction in the US inflation numbers propelled hopes that Fed could ease on its rate hike trajectory.
GBP/USD rebounds from 1.2200 on improved risk appetite, UK GDP in focus
The GBP/USD pair has sensed buying interest after correcting to near the critical support of 1.2200. The asset is aiming to recapture its six-week high at 1.2293 as investors’ risk appetite has improved dramatically after a significant decline in the US inflation rate.
USD/JPY: Establishment above 200-EMA at around 134.50 supports bulls
The USD/JPY pair has witnessed mild selling pressure after printing an intraday high of 135.24 in the Asian session. The asset is walking northwards briskly to recapture its two-week high at 135.58. However, a slower upside move signals exhaustion and could trigger downside momentum at any time.
Editors’ Picks
AUD/USD: China, Fedspeak probe bulls near 0.7100, Aussie inflation expectations eyed
AUD/USD treads water around 0.7080, after rallying to the fresh two-month high, as the recent Fedspeak and headlines surrounding the China tariffs seemed to have poked the bulls. The Aussie pair traders remain cautious ahead of the monthly Consumer Inflation Expectations from Australia.
EUR/USD defends US inflation-inspired gains near 1.0300 at one-month high
EUR/USD flirts with the 1.0300 threshold, after posting the biggest daily gains to refresh five-week high, as traders reassess the risk profile during early Thursday morning in Europe. The reduction in the US inflation numbers propelled hopes that Fed could ease on its rate hike trajectory.
Gold extends recovery towards $1,800 as hawkish Fed bets trim
Gold price has picked bids below $1,790.00 and is extending its recovery above the immediate hurdle of $1,792.00 amid a broader risk-on in the global market. The precious metal is expected to continue its upside run-up after a healthy correction to near $1,808.00.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: How to trap a hungry bear
Crypto markets moves higher. Placing a countertrend short is still ill-advised. Higher targets remain possible for all assets. BTC tests the lower half of an ascending channel for the third time. ETH continues displaying bearish divergence but underline market strength remains. XRP in a make-or-break situation.
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