How To Build Your Own Trading Strategy?
The forex market opens each week during the Asian time zone, beginning with Auckland, New Zealand when the banking and financial sector starts up around 8 AM (21:00 hours GMT or thereabouts). The client graphical user interface of the electronic trading platforms can be used to trade currencies , equities , futures , or options and are also sometimes called trading turrets (though this may be a misuse of the term, as some refer to the specialized PBX phones used by traders).
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Further ABC is also registered with : BAPPEBTI Member of The Indonesian Derivatives Clearing House Member of Jakarta Futures Exchange Member of the Commodity Trading Board With sanctions obtained for Overseas Transactions, HIF we can now offer our clients a broader spectrum of trading and investment opportunities.
A thorough forex education is the first chapter a new trader should conquer, and we make this possible through our carefully chosen selection of articles and tutorials, which cover the range of topics we believe are crucial on every forex trader’s agenda.
Webinars:As part of my educational and mentoring efforts, and as I have been doing for over a year in The Forex Signals service, I will organize at least once a week a webinar rich with interesting content, explaining and teaching trading methods and concepts of interest to members.
If so, you may be able to write off your currency trading losses as a legitimate business loss, provided you meet the other requirements as set out by the IRS, chief among them that your motivation for engaging in forex trading is to create a profitable business.
Although the MetaTrader 4 platform required the software to be downloaded first before traders can start using it, it is still the preferred trading platform among most traders as they have the ability to customized the platform with third party solutions and automate their trading.
Since rollover interest represents interest earned (where long the higher yielding currency) or interest expense (where short the higher yielding currency), these amounts are treated as ordinary interest income or expense and must be accounted for separately from currency trading gains and losses.
Probably the best one to start out with if you are new to trading forex is one of the forex books for beginners such as, ‘Currency Trading For Dummies’ as it is clear and easy to follow and will give you a good grounding in the essentials of forex trading.