How Forex Affects Us All By Geri Mason
The forex trading plan is the systematic approach to currency trading which controls all aspects of the trading. This is backwards, it’s like trying to fly an airplane without going to flight school, then you crash the plane and almost die, then after all that you decide to go to flight school…many traders do this exact same thing with their trading accounts, don’t be one of them!
Unlike all other businesses which competition makes tougher conditions for everybody, the more people work on forex the more money everybody will make because it will make more volatility and movements in the market and volatility and price fluctuation is what we make money through it.
The strength of Plus500 is the peculiarity of being a platform completely user friendly, characterized by cutting-edge innovation, and the availability of tools effectively responsive and reliable, but also the presence of a simple interface that makes it ideal not only for the most experienced of online trading but also for those who look out for the first time on the world of finance and the stock market online.
If you buy a EUR/USD call option thinking the price will rise in the next 15 minutes, it doesn’t matter if the price goes up 1 pip or 100, you still get the full payout and are exposed to a known risk (the amount you placed on the trade) if it drops 1 or 150 pips instead.
Pip – for Forex instruments quoted to the 5th decimal point (e.g. GBPUSD – 1.32451), 1 pip is equal to a price increment of 0.00010; for Forex instruments quoted to the 3rd place following the decimal point (e.g. USDJPY – 101.522), 1 pip is equal to a price increment of 0.010.
You have to keep on trading with a very small amount of money for several months and when you see that you can make profit and the number of your successful trades is more than your bad trades you can increase the amount of the money little by little.
I am a technical trader and my style is day trading and scalping I only have 2 hours to devote to trading each day, and in that window of time I hope to be in out and within 0-4 trades, depending on the market conditions and technical set-ups that I am watching.
But beware of such websites and online trading portals, as per RBI circular No. 53 dated April 7th, 2011 and circular No. 46 dated September 17th, 2013, it has been clarified that overseas forex trading through digital trading portals, in respect of the margin payments being made by their customer for online forex trading transactions (directly /Indirectly) through their credit cards / Net Banking is prohibited for resident Indians.
I think none of us, who read the article and comments here, want to cheat the government to hide the taxes ; but the government policy ( actually RBI ) is forcing us to do so. Even if we say to RBI that we haven’t invested a single paisa but we want to withdraw money from forex and want to pay tax, if required, then also the government will NOT accept it and we will find ourselves in jail with non-bailable offence.
At the operational level and therefore real negotiations, one of the most significant advantages of using Plus 500 is the ability to get a bonus of 25 euro without a deposit and to get additional bonuses in the case of bigger trades, for new traders, in addition, the platform Plus 500 allows to get bonuses for the first deposit, the amount of which is calculated based on the amount deposited.
We believe Option Robot is doing a lot of things right so they will continue to increase the number of traders using the platform One of the reasons for this is the fact that Option Robot is run by people with experience in the binary options and forex industries as traders.