Choosing a broker (dealer FOREX)

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Many believe that the Forex trading game. This is partly true, but unlike the game of Forex trading is a real opportunity to earn a living. Investments in the currency market do not require deep mathematical knowledge, but in Analytics trader should understand. One of the most important abilities - the ability to interpret the news.

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Our dealing center has over activities in the international currency market and gives the possibility to earn on sale of currency for both experienced and novice traders (Forex traders). Forecasts of leading analysts of the market, and, including trading robots and signals enable traders in their work.

The initial contribution that would be needed to get started in Forex (despite all the stories, wandering in the Network) is very small. First, you will have the opportunity to trade, to thoroughly examine all the rules and nuances of the market even without any investment (with the help of the demo account no Deposit or Forex accounts). In addition, the Forex market does not have to fear crises and sharp falls. Disaster that make of the enterprising and intelligent millionaire bankrupt, peculiar only to the stock market.
Choosing a broker (dealer FOREX) largely determines the result of speculation, since it depends how accurately, quickly and efficiently fulfilled Your instructions. There are no trifles: even number of rings after which the broker takes the receiver, because seconds on a fast market can cost a good deal of money. In accordance with the standard contract of the word broker is final, therefore, an important factor is the climate of confidence between the broker and the client. In the most General case, when choosing a broker should pay attention to:

Х history, reputation, financial condition (a decent broker itself provide the annual report and the report on profits and losses), membership on stock exchanges and professional associations;
Х the effectiveness of communications, the availability of alternative channels such as telephone/Internet access;
Х the margin (normal is 110-130% of the minimum required by the exchange, 3-5% of the transaction amount in the FOREX positions for a period of more than a day and a half for intraday) and commissions (about 25 dollars per contract or 5-7 pips on the amount of 500K for FOREX). We have to think of that futures broker there are different charts of accounts, and several large Commission (40-50 dollars) you can count on additional services and advice that may be useful for beginners;
Х recommendations of the sources that You trust;
Х availability of Russian-speaking personnel in recent past was, in itself suspicious, but lately it occurs and in a quite respectable companies.

Position
depending on their vision of the situation trader can have one of the following positions on the market: a long (long) - own as a tool to purchasing it, a short (short) - have an obligation put the tool, selling it, and a neutral (flat, square). The trader is obliged to keep its position independently, and brokers, as a rule, do not take instructions like "close my position there is something there". In the case of currencies position "long dollar against the yen" is equivalent to "short yen against the dollar."

Types of orders (orders)
Transience of market processes and the degree of risk, which affects participants, dictate the style of communication of the broker and the client: a minimum of words and unambiguous interpretation of the statements. Therefore, the intention of the customer usually are issued in the form of standardized orders (literally orders, orders) to the broker. Some of them may not be taken exchanges, meaning that they can be made directly in the routing system, however, a good broker will accept such an order on terms is "without warranty" (not held basis) and will seek to execute it at the best price. It is clear that the first thing you should decide what we want to do: to buy or sell (buy/sell) and to mention the number of the lot or the amount of FOREX, then the contract (the month of delivery, the goods, stocks or currency pair and, finally, specify the type of

Х at the the market this request broker will make an immediate deal at the best price available. In the currency market, you should ask first quote and reply BUY, SELL, or NOTHING. Options of such an order are market on open (MOO) and market on close (MOC)

Х limit (at a specified price or better). You should understand that the electronic market saw TECs at that price or a little better, you can almost be sure to execute an order. In the case of open outcry is not unambiguously, i.e. deal at this price could happen, but Your broker did not take part in ;). On the FOREX, of course, the Ticker is purely informational and cannot reflect the real transactions in General, not to mention a specific dealer.

Х stop This order implies conclusion of transactions at the market once the market will be fixed transaction at a specified price. Used for closing positions (loss)and opening. The difference between the specified stop price on actual performance is called slippage and usually insignificant in a quiet market. Option is to stop limit (is not accepted by all exchanges), i.e. an order to make a deal at a price not worse limit once the market reaches the stop price (not recommended for use as a limitation of losses for the obvious reason). Another option - stop close only , i.e. the transaction will be executed on the closing price of the market, if the case goes to the fact that he closes above (buying) or below (sale) of the agreed price. Historically it is believed that the closing price are the most important and informative. There are also standard ways to combine orders, the so-called contingency orders.

Х if done (if completed). Causes the activation of the second order of execution of the first. Is used for the automatic reduction of losses (stop loss). For example, buy 500K EUR/USD at .9420 stop, if done, sell 500K at .9380 stop means that, according to the trader, a break above the level of 9420 has a good chance of continuation and the dealer must open at this moment a long position and activate the stop order 9380 for sale. If the market goes below 9380 before he reached the 9420, nothing happens. Order buy 500K EUR/USD at .9420 limit, if done, sell 500K at .9380 stop is pointless, as the market may come, say, 9450 to 9380 bypassing 9420. Some brokers take revolving orders (revolving), i.e. after the execution of the second order of kit if done activated first, and so specified amount of time.

Х one cancel other, OCO (one cancels the other) is used to close a position: a limit order is placed at the desired level of profit, stop - on the level of stop loss. After the execution of any of them remaining the order of the pairs will be canceled automatically.

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