To trade forex, you need a platform or which you know as broker. However, there are literaelly hundreds of brokers out there that offer forex trading platform. Now, we are going to give you some things to consider to make it easier for you to choose the best broker.
If you think you’re ready to plunge and start real-time trading, you should choose a forex trading strategy. There’s a huge amount. You can choose the forex strategy. This is because investors, speculators, companies and banks have been trading for decades.
4XLimited tries to be a reliable forex broker that will help you earn some decent money on the side by claiming its global regulation. However, BrokersView find it is just a fraud. When you start to trade with it, you will find any trading information it claimed has been left out, and the fraud itself is unbelievable.
Fraudulent brokers are any illegitimate entities used to deceive traders into fraud or malicious attacks. Scammers work in a wide variety of ways, from claiming false strict regulation, fast and convenient withdrawal to other deceptive formats to give the impression of legitimacy.
According to the World Bank, foreign exchange problems, high inflation, and budgetary constraints caused by fuel subsidies distort the advantages of a developing non-oil industry and high oil prices.
The bank's activities began to raise suspicions after it was discovered that one branch had foreign exchange transactions that were more than 145 times the average.
The legitimate license is the business license issued by the financial regulatory institution of each country/region.
The 500 richest people in the world lost $1.4 trillion from their exposure to the financial markets in the first half of 2022, a record loss due to ongoing geopolitical unrest, high inflation, and recent recession fears.
Founded in 2020, FSDS is an online forex broker offering an extensive range of 350 trading assets to its clients, including currency pairs, cryptocurrencies, precious metals (Gold, Silver, Platinum), energy (Brent, WTI, NAT, GAS), etc. However, recently FSDS catches many traders’ attention due to too many complaints, we wonder why and how it is happening. WikiFX made a comprehension review on this broker to help you better understand the truth, we will analyze the reliability of this broker from specific information, regulation, exposure, etc. And you should never miss it.
Choosing a broker may be difficult since they do not all charge the same fees or provide access to the same amount of instruments, so assess the characteristics that are most essential to you and consider your trading style before settling on one.
South Africans have gotten far too enamoured of forex trading. Because of the country's rapid economic growth, interest in this speculative market has increased dramatically in recent years. There are dozens of different Forex brokers in South Africa that provide their services to the country's inhabitants, but local traders still have difficulty selecting a reliable forex broker.
We are all aware that forex trading is a high-risk activity in which we might lose all of our money in a single deal. The odds of winning the daily FX deal, on the other hand, are great. Many traders now make a career solely from forex trading.
Traders and investors that got defrauded by malicious forex brokers always rely on the media to defend their rights, wishfully hoping that the police could arrest the culprits and recover their funds. We hate to burst your bubble but most scam forex brokers are not forex-related, but just fake websites curated for the sole purpose of ripping their clients off.
Ark Trader from Ark Technologies was the star of the show at the Ultimate Fintech Awards with the next-generation online trading platform showcasing the brand’s success.
Nigeria’s external reserves closed the month of June 2022 at $39.16 billion, gaining $5.83 billion in one year compared to $33.32 billion recorded as of the corresponding month of 2021. This is according to data obtained from the Central Bank of Nigeria (CBN).
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
Bitcoin pulled back ever so slightly Tuesday as we continue to see a lot of nothingness, or what could be thought of as “Brownian motion.” Bitcoin has no real sign of strength at this point, so when I look at this chart it’s apparent to me that we have just formed a massive “H pattern”, which is typically very bearish.
Many individuals wonder, "Is forex trading a truly excellent investment?" "Yes," is the response. When it comes to investing, Forex trading is worth considering. Forex is now the most liquid market in the world, with a daily transaction of more than $6.6 trillion
The price of the EUR/USD currency pair stumbled again in a rebound higher, as the negative pressures on the euro are still strong and persistent.
Since the introduction of the Central bank of Nigeria’s (CBN) “Naira4Dollar Scheme” in March 2021, the Naira rate has fallen by a whopping N127 (or 26%)