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Forex trading: is there a secret to success?

A private investor who has decided to try his or her hand at the stock market often faces a rather standard question: should he or she look for a good broker or can he or she use the services of his or her bank? And, most importantly, what is the difference? The answer, in fact, is simple and applies to more than just this situation: everyone should mind his own business. In other words, if you need glasses - go to Ikea: you can of course buy them in any supermarket, but you will get a lower quality product for a higher price. It's the same with the stock market - if you're going to invest in stock market assets, do it through a reliable broker.

I should say right away that it is difficult to distinguish between banks and brokers: there are different banks as well as different brokers, so any generalizations will not be correct one way or the other. Nevertheless, it is possible to highlight the main differences between a quality broker and an average bank offering brokerage services to their clients:

1) Trading platform.

For a broker, serving investors is the main task, unlike a classic bank, for which it is a side business. Consequently, this leads, among other things, to the fact that banks are not willing to spend significant resources to develop quality online trading platforms. At the same time brokers, on the contrary, understand the importance of high-quality and convenient trading software, and they are ready to invest in its development, because their main business depends on it - so if you want to trade a lot of different assets comfortably, you need a good broker.

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Forex trading: is there a secret to success?

Forex trading: is there a secret to success?

"How to make money on Forex?" - This is the question every beginner trader asks at least once. Is there a universal secret of success in this market, or maybe there are certain rules of the game to win? Let's try to find the answers to these questions, telling about the basics, methods and programs of trading on the FOREX market.

Trading on the "Forex" market

More recently, trading on the "Forex" was considered the privilege of the elite, the big players. But times are changing: today, almost anyone can try his hand at speculating on the difference in exchange rates, and not necessarily to have a large capital.

So, trading on Forex market is attractive and available. So why only some people succeed to snatch the jackpot and the majority is in the state of variable success? Luck? Knowledge? Strategy? What do you need to be successful in trading?

Of course, good luck, a correctly chosen strategy and knowledge are important components of success. But do not forget that the Forex market is highly volatile, and the possibility of making a large profit is always associated with considerable risk. That's why before you start trading you have to be ready for risk, not to gamble with your last bit of money, have patience as well as know the rules of Forex trading.

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How do Forex brokers make money?

How do Forex brokers make money?

Many beginners ask themselves the question: what do Forex brokers earn on? After all, they are not a casino! It is the knowledge of how brokers make money that will help a trader to distinguish a real broker from a scammer. So, let's analyze the ways of earning money from the broker.

Spread. The difference between the buying and selling prices is the main source of the broker's income. The broker has access to the lowest spread and for traders he just increases it by taking the difference for himself.

Leverage. One spread alone, especially for small trades, will not be enough. Then leverage comes to the rescue. Of course, it is an attractive tool for a trader, though it increases not only the profit, but also the potential loss. But it is always profitable for a broker: for example, with 1:100 leverage a broker will receive 100 times more in spreads than with no leverage at all.

Spread on Swaps. When a transaction is carried over to the next day, the broker pays the trader a certain percentage or, on the contrary, withholds it from the amount on the trader's account. However, the swap is not symmetric: as a rule, the broker charges more than he pays. For example, if one trader sells 1 lot of EUR/USD and another trader buys the same amount, the payout to the second trader will be less than the amount charged from the first trader's account. The difference, again, is the broker's earnings.



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Metatrader 4/5 charts. Explore Currency and Stock Quotes.

MT4 / MT5 (metatrader 4/5) markets data price feeder

Charts in MetaTrader 4/5 display changes in currency and stock quotes over time. They are essential for technical analysis and trading robots. Charts allow you to visually follow the quotes of financial instruments in real time and instantly react to any changes in the markets.

Charts have a lot of different settings, and you can customize them to your needs. MetaTrader 5 supports three types of charts: broken line, bars and Japanese candlesticks. You can change the color of each item. Flexible settings allow you to create a comfortable workspace for long-term work.

In addition, you can create different templates and profiles for charts in MetaTrader 5. In the templates, you can save color schemes and analytical objects overlaid on the chart, and in the profiles - all the templates of all open charts. They can then be used to quickly restore the working area of the platform.

There are 21 timeframes available for each chart in MetaTrader 5 - from one-minute to monthly. Quotes for currencies and stocks can be presented in the timeframe that best suits any particular trading system. In addition, additional information is displayed on charts (tick volumes, last price line, OHLC line and so on), which facilitates technical analysis for traders.

The wide variety of options for working with charts in MetaTrader 5 is used in technical analysis. Over 80 most popular analytical tools are integrated into the platform: technical indicators and graphical objects.

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Ready business for brokerage and investors

ready brokerage investors business 300px

Looking to start your own brokerage business?

TradeToolsFX would love to help you get started!

With a minimal budget you can open the door to the world of investing!

Complete set of necessary software, hardware, 24/7 technical support and price feed to work!

You choose what to do forex or binary options!

A great start to your business!

If you wish, we can register a company in the United States with a bank account for you!

We provide free consulting services at any stage!

Hurry up! This offer is limited!

For more details, write: https://t.me/tradetoolsfxtech

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How do I get started as a broker?

Forex software widget

Good question, we are ready to help you gain confidence and start earning!

TradeToolsFX has a new promotion for you:

- MT4 / MT5 label with turnkey installation on a dedicated server,

- data price feed with all necessary pairs,

- use of our data center for processing payments with a dedicated manager!

How much does it cost? MT4 $3500 per month & MT5 $4500 per month (without any fees)

Hurry up, quantity is limited!

For more details, write: https://t.me/tradetoolsfxtech

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Forex software widgets

Forex software widgetForex software gives the trader a wide range of opportunities for fast profits. Today, any financial instrument is considered to be liquid, because the use of proven strategies can increase the income in just a few minutes.

Forex software, Binary or Blockchain exchange of crypto-assets with maximum profit is possible only for experienced traders, while beginners are recommended to practice on demo accounts. After all, it is foolish to use your money hoping only for luck, when you can test all bets using a demo platform system.

What is a demo account?

In other words, a Forex software widgets service with virtual money, which is almost identical in function to a real one. It is built on the same platform, it has the same underlying assets, identical instruments, and the quotes offered for trading are also presented in real time and on the same terms as those offered to traders on a real account.
The only difference is that all transactions are conducted with virtual money, which is available on any demo account when you open it.

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TradeToolsFX creates MT4/MT5 bridge into Binance.com

Leading Tech Company Creates MT4/MT5 bridge into Binance.com Chicago / Il - The TradeTools FX technology group was founded in 2008 by a group of highly experienced IT professionals with the goal to create simple, secure and user friendly solutions for the FX market.
CHICAGO - May 16, 2021.
TradeToolsFX announces the creation and launch of a full-cycle application for working with the Binance cryptocurrency exchange.

TradeToolsFX CryptoBridge is an application that allows you to get current prices for cryptocurrency pairs, open and close orders on the Binance cryptocurrency exchange using metatrader 4 (mt4), metatrader 5 (mt5) and FXNEXT software. CryptoBridge allows any broker to trade directly on the Binance cryptocurrency exchange without restrictions. The product is an addition to the metatrader services and uses a fix protocol that provides ample opportunities

Binance is one of the largest international online digital currency exchange services that allows you to exchange dozens of cryptocurrencies both among themselves and for fiat money.

About TradeToolsFX: The TradeTools FX technology group was founded in 2008 by a group of highly experienced IT professionals with the goal to create simple, secure and user friendly solutions for the FX market. Our software engineers have years of programming experience providing custom tools and solutions for FX brokers, money managers and financial institutions around the world.

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FXNEXT system for working with crypto, forex and binary options - a special promotion!

FXNEXT system for working with crypto, forex and binary options - a special promotion!Chicago / Il - The TradeTools FX technology group was founded in 2008 by a group of highly experienced IT professionals with the goal to create simple, secure and user friendly solutions for the FX market.
CHICAGO - March 22, 2021.

An unprecedented special offer for MT4 / MT5 brokers and our new clients!
Only for you, we offer you to purchase an FXNEXT license on special terms.

Terms of the offer: by concluding an agreement with us, you get an FXNEXT server, terminals and a mobile application at a special price of $ 500 per month!

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Forex Myths

Forex MythsThe first myth that all brokers advertise is that trading is easy. Perhaps they are right, but only if they mean physical activity. Indeed, clicking on the buttons with the mouse is not a difficult job. If they meant to work and make money successfully, then this is not an easy task. The reason for this lies mainly in human psychology. You can really create a good trading system, develop excellent tactics in the market, but you will need time to develop a stable psyche and not react to greed and fear. It takes different people a different amount of time. It all depends on the personality, someone will still have a head start.

The next myth is huge capital gains. The one who told you that on Forex you can double or triple your money in a short time either simply did not work or is openly deceiving you. A trader is considered to be successful if he makes, on average, 5-10% per month gains.


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