Forex market has already become popular in the world and in the territory of Russia and the CIS countries for a long time. There are a lot of reasons for that: convenience for trade, a round-the-clock mode of Forex work, the flexible approach to marginal crediting, “smooth” rates on popular tools, possibility with identical simplicity to make a purchase, as well as a short sale without a covering at any moment, etc.
However Forex market has also one lack – a weak adjustability. The matter is that Forex market has no concrete geographical binding, does not belong to the concrete state, and, hence, does not get under regulations of supervising bodies of the different countries.
Company Larson & Holz IT Ltd is a popular dealing centre specializing just on Forex market, gives advice to those categories of citizens who wish to try on Forex:
1) The guaranteed percent
Do not trust the companies which suggest to take your money in managing and thus promise the guaranteed percent of profit. Practically 100 % are a deceit.
Certainly, it is possible not only to trade by oneself on Forex, but also to co-operate with the skilled trader. But nobody can GUARANTEE profit in the risk speculative markets.
2) Unreal trading conditions
Be cautious, if you are offered unreal favorable trading conditions.
3) Absence of the constant representative
Again, this sign in itself is not an absolute criterion of the dishonorable company. Just, companies without the representative in the client territory are always a risk zone.
The offshore clearing centre is a legal body which incurs functions of mutual settlement with each client of the company, blocks client positions in case of need, rents the trading server, includes dealers who can be even scattered on the Earth etc.
4) Presence or absence of vocational training
Good dealing centre takes care of its clients. He does not just registers their deals, but also, whenever possible, should hold information seminars, master classes, try to promote growth of the traders and investors professional skills. In other words, the dealing centre should pursue a policy, allowing to maximize client profit, to be both the assistant and the adviser.
5) How to refill the deposit
It is the brightest sign. Bank transfer, electronic payment systems and credit cards are admissible. And transfer should be carried out on the requisites of the same company that appears in the contract. No cash or transfers to the third parties. If you are suggested to transfer cash, they are 100% swindlers.
Do not allow the swindlers, only covered with Forex market, to deceive you. The market Forex is an excellent possibility for means augmentation, but only for those who is ready to study diligently, to work daily and work over itself. Remember, good luck needs to be earned, do not trust the swindlers promising you easy money. And good luck to you in making correct trading decisions!
There are 2 ways you can make money on Forex.
Alternatively, you can hire experienced traders to manage the money on your trading account and they will trade for you. Read more about forex investment.