Learn Everything About Forex Trading and Start Trading ZuluTrade
What is Forex Trading?
The term “Forex Trading” stands for foreign exchange and refers to the buying or selling of one currency in exchange for another. Currencies are traded in the foreign exchange market, a global marketplace that’s open 24 hours a day in different parts of the world. All forex trading is conducted over the counter (OTC), meaning there’s no physical exchange and a global network of banks and other financial institutions oversee the market.
What are the Benefits of Forex Trading?
Low Transaction Costs
Spreads are usually low, making forex trading relatively cheap. However, you should look into all associated costs when choosing a broker, as some may also charge a flat fee or variable commission.
A 24-hour Market
From Monday morning in Australia to the Friday afternoon close in New York, the forex market never sleeps. Forex Trading is not subject to the opening hours of any centralised exchange system. As long as there’s a market open somewhere in the world, deals can take place.
Benefit From Leverage
In forex trading, a small deposit can control a much larger total contract value. Leverage gives the trader the ability to make nice profits, and at the same time keep risk capital to a minimum. The arrangements in the Forex markets provide investors to lever their original investment by as much as 20 to 30 times and trade in the market. This can magnify both gains and losses.
High Liquidity
Liquidity refers to the ease with which an asset can be bought or sold with a limited effect on its value. The global scale of foreign exchange combined with the high volume and 24-hour activity, make the forex market the most liquid market in the trading world. This is an advantage because it means that under normal market conditions, with a click of a mouse, you can instantaneously buy and sell at will.
Variety
Trading Options Forex markets provide traders with a wide variety of trading options. Traders can trade in hundreds of currency pairs. They also have the choice of entering into spot trade or they could enter into a future agreement. Futures agreements are also available in different sizes and with different maturities to meet the needs of Forex traders.
Demo Accounts
Most online forex brokers offer demo accounts to practise trading and build your skills, along with real-time forex news and charting services. By simulating a live trading environment, demo accounts give you the chance to get used to a trading platform, familiarise yourself with market movements and develop a risk management strategy, all without making any financial commitments.
How Do I Start Forex Trading?
Create your Account
If you want to become a manual Forex Trader, you must first create a traders account on ZuluTrade.
Choose a platform
You must have a forex trading platform like ZuluTrade Webtrader or MetaTrader4.
Start trading
After completing all of the previous steps, you are now ready to trade. You can also open a demo account funded with virtual money to test out the broker’s forex platforms and services before going live. Demo accounts are excellent for testing out trading strategies and practising trading without risking any funds.
Features of our Forex Trading Platform
ZuluScripts
The ZuluScript feature enables the ability for investors to create “scripts” or a set of custom instructions that can carry out trading operations if conditions and specified criteria are reached.
Technical Charts and Indicators
A simple yet effective way to get the information from the Trading Station user interface with technical charts (Candlesticks, OHLC, Lines), a large variety of Indicators (Trend, Oscillators, Volatility, Volumes, Williams %, etc), custom lines, objects, along with the ability to create trading robots by running the ZuluScripts.
The Automator
A prized feature on ZuluTrade is The Automator. You can set rules to lock profit, update Stop/Limit for selected trades, close profitable trades or get notified of any significant changes on the markets. The Automator allows you to build rules at the Settings tab of your Forex account.
Integration With Automated Trading Software
Interface Forex trading software places trades automatically based on the occurrence of the desired criteria. The software should have the necessary connectivity to the broker(s) network for placing the trade or direct connectivity to the exchange to send the trade orders.
Frequently Asked Questions (FAQs)
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Este servicio está ofrecido por Triple A Experts SA - regulado en EU, No. de licencia: 2/540/17.2.2010
Las transacciones de divisas al contado involucran un riesgo sustancial con la posibilidad de pérdida siempre presente. Los resultados de sus transacciones pueden variar. Dado que el factor de riesgo en en el mercado de divisas es alto, es recomendable utilizar solo verdaderos fondos de "riesgo" para operar en este mercado. Si usted no dispone el capital adicional que tiene la capacidad de perder, no debería hacer transacciones en el mercado de divisas. Los corredores de Forex y ZuluTrade están compensados por sus servicios a través del spread entre el precio de oferta y el precio de demanda. Es decir, hay un cierto costo al iniciar una transacción debido a su spread de oferta/demanda. Las cuentas de reparto de ganancias son sujetas a una tasa de rendimiento mensual por cada sistema de trading seleccionado.
Las transacciones del mercado Forex involucran un riesgo de pérdida real. Jamás se ha diseñado ningún sistema de trading "seguro" y nadie puede garantizar ganancias o ausencia de pérdidas. El rendimiento pasado no es indicación de resultados futuros.
Los resultados hipotéticos de rendimiento tienen muchas limitaciones inherentes, como las que están descritas a continuación. No existe ninguna declaración que hay cuentas que tienen posibilidades de obtener u obtendrán ganancias o pérdidas similares a las representadas. En realidad, existen con frecuencia diferencias marcadas entre los resultados hipotéticos de rendimiento y los resultados reales que son conseguidos por cualquier programa de trading individual.
Una de las limitaciones de los resultados de rendimiento hipotéticos es que son generalmente producidos a posteriori. Además, el trading hipotético no involucra riesgo financiero y ningún registro de trading hipotético puede ser indicación completa del impacto de riesgo financiero involucrado en el trading real. Por ejemplo, la habilidad de soportar las pérdidas o seguir un programa trading individual a pesar de las pérdidas del trading son puntos sustanciales que pueden afectar los resultados reales del trading. Existen muchos más factores relacionados con los mercados en general o con la ejecución de cualquier programa de trading especifico que no pueden ser previstos a la hora de deducción de los resultados hipotéticos de rendimiento y todos estos pueden afectar los resultados del trading con manera adversativa. Por favor clique aquí para visualizar completo el descargo de responsabilidad.