Currency trading: a type of money-making and how to avoid losing money with a broker
A brief history of currency trading
Most researchers suggest that the principles and foundations of the money and currency trading market go back to the Babylonians, where they knew the exchange between them. Babylonian merchants exchanged goods between themselves as well.
What is currency trading?
Currency trading means foreign exchange specifically. And it is among what is known as the stock market or an extended market in all countries of the world. It is known globally as an economic term with the word previously mentioned “Forex.” This process involves the global banks, financial markets, some individual traders, and some international institutions in this largest financial market at the global level. Thanks to the development of the Internet and telecommunications networks, currency trading has become easy and more widespread through a special market. Through this market, buying, selling and trading can be done via computer and internet. In this market, thousands of millions of currencies and dollars are exchanged every second, and the daily trading volume of currencies is estimated at about thirty thousand billion dollars.
Currency trading: A type of making money online is seen as trading electronic over the Internet, which brings more profits from the stock market trading. Trading is done in the base currencies, which are:
The US dollar
The Forex market is a global network that includes millions of traders and clients from all over the world despite their differences through a system that enables them to conduct various trading operations. This process is done by means of the trading platform system that intermediary companies provide to their clients in order to connect them to the global trading network. FINMAX FX is one of the leading intermediaries in the field of online currency trading.
Let's review some of the advantages of FINMAX FX:
Ease of trading in highly liquid markets, which is done through the Internet. Once you have a FINMAX FX account, you can trade, trade and follow your trades
Monitor the market all the time and follow up your deals at the time you want and from anywhere, provided that there is only the Internet and from any device (computer, phone or smart board). This allows you to monitor the deals yourself easily and conveniently through our available applications.
It also allows you to trade currencies via FINMAX FX also the possibility of trading 24 hours a day and this feature does not exist in most markets, in addition to the ability to buy and sell currencies and metals and execute pending orders in the future, unlike other markets where buying first and then selling after. This is a way to make profits online without trouble.
Online Trading Mechanism: FINMAX FX is the most prominent online money broker
After obtaining the login information to his account online through the FINMAX FX website, the investor will be able to follow the course of trading and enter his purchase and sale orders on his own. The technologies provided by FINMAX FX for this purpose verify that the investor has a sufficient balance of funds before starting the trading process.
During the purchase process in the Forex market, the value of the currency equivalent to the purchase value is reserved and the trading commission and allowances for the investor are added to it after entering the purchase order depending on the quantity and the price entered. Technologies on the FINMAX FX platform also adjust the value of the reserved currency in case the investor has modified or canceled the purchase order.
During the sale process, the program reserves the amount of cash from the investor's balance available for trading. If the sale order is partially or completely executed, the value of the currency is deducted from the investor’s balance and his money balance is increased according to the value of the currencies that were sold following the deduction of the trading commission and the fees that the customer must pay.
An open invitation to everyone!
The public is still a long way from the Forex market. What separates you from making a profit and making money and to become a "Forexia" (if the phrase is correct), only a computer and the Internet and an account on our leading Forex platform FINMAX FX.
Our platform, FINMAX FX, offers trading forex and CFD trading with award winning trading platforms, competitive pricing and direct 24-hour support. FINMAX FX is one of the leaders in the Forex market that unites traders all over the world. We also provide our customers with:
Quality service and security
MetaTrader multi-functional platform and a wide range of commercial assets
This, then, is a glimpse into FINMAX FX, the leading broker in the online currency exchange market. We anticipate diving into the details and other features of this world-famous broker.
It all starts with a broker
But not as simple as you can imagine in ideas and plans. Currency trading is a dangerous activity and consumes in no way comparable to entertainment or games. If you are truly intent on entering the Forex trading market, start choosing the right broker, this is the first step towards success and development in this field.
There are a lot of companies and there are a lot of scammers so your search for a broker for financial services can continue for weeks or months. As practice shows, traders often have to move from one company to another, try to trade with it, and then assess its reliability, safety, and profitability.
As others search and doubt, you can start your collaboration with FinmaxFX, who will become your trusted assistant on your way to becoming from an inexperienced beginner and unaware to a skilled and successful professional.
What distinguishes this broker and why exactly should you start trading with it, will it be successful?
Let's analyze the company on the main points in order to understand its attractiveness and perspective for us as clients.
We start with the licensing documents
You can always read reviews and opinions of experienced agents in forex specialized forums and evaluate brokerage firms, but when you go to the broker's official website, you can always do independent analysis and note all aspects of the company.
The first priority from which everything should start is basic information about the company and its licensing. It is easy to bring text and attractive data to the home page about the conditions of Forex trading supposedly very attractive so that it draws the attention of the user for the first time, but at the same time, such a company can hide Easily information about itself and not provide photo certificates. Which makes you really doubt the company and keep in mind the idea of bad faith and even fraud.
FINMAX FX broker is subject to European Union directive and CROFR certification. These are two primary documents on which the company implements its financial activities in Europe, Russia, and the Commonwealth of Independent States.
The company has been operating in the market since 2015, while it has been able to develop rapidly and occupies a leading position among competitors despite its relatively short period of operation. Thanks to the continuous introduction of new technologies and job improvements, it can provide customers with quality services and services.
What are the conditions for trading a broker? The second priority is of course trading conditions. This factor is the key when a trader has an option in favor of one broker or another. FINMAX FX provides its users with the most favorable terms for comfortable trading operations:
5 types of accounts for any investment opportunities:
Minimum deposit - $ 250;
You can renew your account in any convenient way
Spread by 3 points, and for VIP customers - from 1 point;
Wide leverage up to 1: 200;
A wide range of trading assets - currency pairs, cryptocurrencies, gold, stocks, indices, etc.;
Working at a MetaTrader5 terminal is convenient and practical with the ability to install a mobile version;
Receive trading signals;
Option to protect against negative balance and strong deposit withdrawal;
Regular webinars for training
Free demo account and extensive training base;
Quick and dedicated technical support - you can ask a question in the online chat or e-mail.
Choose the right broker:
Collaboration with FinmaxFX is a great start to successful and productive development in the field of trade. The business of the company is designed according to the needs of customers, thus providing a lot of useful information for beginners, and it also helps experienced traders to improve and discover new market opportunities.
Choosing for FINMAX FX is an opportunity to learn from scratch to trade and development efficiently and profitably in order to become a professional in your business.