Sometimes starting with Forex trading might seem overwhelming, but it’s far easier than you think.
It’s 2020, and you don’t have to visit Wall Street, call your broker every day and constantly monitor the market to profit. Now a single website can replace a team of people working to earn your money. Let’s begin by answering a few simple questions and get you on the right track.
- What is Forex?
Forex another word for Foreign Exchange. It is where you can profit from the difference in the prices, in other words, price fluctuation. By buying and selling currency pairs among other assets.
- What is a broker?
A broker is a company that gives you access to the Forex market. You can start trading with them by registering on their website and opening a trading account.
- Do I need to go anywhere?
No, you don’t need to go anywhere, as everything is done online. You can manage your accounts, open and close new deals all from your mobile phone or a computer. It’s up to you.
Why join a Forex broker?
Forex is exciting! It’s the world's largest financial market, so you can imagine the potential it has for investors. And, since it became more accessible to users all around the globe, it became an alternative to earning a living for many people.
If your mind's made up and you think you want to join. Then we want to recommend ourselves to you. OctaFX is an award-winning international brokerage. If you choose us as your entry gate to the world of Forex trading, you can get the following trading conditions to make your experience a smooth and easy one:
Fast deposits and withdrawals
24/5 support from our international team
Getting started is easy and it doesn’t involve any complicated procedures: simply click OPEN ACCOUNT on our website to register, and a Personal Area cabinet will be created for you.
In your Personal Area cabinet, you can:
- Verify your account to help us make it as secure as possible
- Deposit and withdraw your money
- Open new trading accounts
- Restore passwords
- Manage your bonuses
Yet, Personal Area is not all you need to access Forex. The real door to trading Forex is a trading account, and you can open it upon registration.
When opening a trading account you will be able to choose:
Type of account: real or demo
The demo account will help you learn, or test strategies without having to invest funds!
The platform and account you want to trade with (MT4 Micro, MT5 Pro, cTrader)
Each of them has its own advantages!
Leverage will help open your desired trades with fewer funds. As the higher the leverage the less required margin you’ll need.
The currency of your account
Euro or US dollar.
Whether it should be an Islamic account or not.
We offer swap-free accounts that do not charge interest, instead, a fixed fee is applied.
If you decide to open a real account you’ll need to make a deposit and voila! The doors to the world of Forex are open and you can start.
(Please note that both Personal Area and Trading account require different logins and passwords.)
But wait… HOW do I trade?
First time trading? Not to worry, you can still avail of all the things we mentioned above, you’ll just need a bit of practice before your start. We’re always here to help you learn, as we believe in educated choices. Try Trading Tiger Academy free of charge - and learn everything about forex regardless of whether you are a beginner or a pro!
It’s crucial to learn about trading because even if technology makes it simpler, different strategies and trading techniques will help you earn more and risk, less.
Like we said before, forex is exciting and full of possibilities and OctaFX is happy to be your guide.