An introducing broker is an agent who introduces beginner traders to the Forex market and in return, they receive a brokerage fee. This fee is usually a percentage of the spread or commission. Many forex markets around the world are regulated in that, not any individual can introduce new customers to brokerage and introducing brokers are required to prove identification and validity of their trading documents. The National Introducing Brokers Association represents all the professionals in the industry who include commodity trading advisors, introducing brokers and Future commission merchants. There are two types of induction brokers; a guaranteed and an independent introducing broker. The difference between the two is their relation with Future commission merchant. Attributes of an introducing broker An introducing broker acts mainly as a customer representative and a salesperson for future investors and some of their common attributes are; They are not usually registered with the Commodity
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Five simple ways to develop the trading skills
Everyone wants to become a Forex millionaire but sadly only few can full fill their dream. But this statistical data has not stopped people from becoming a Forex trader. Every day the number of retail traders in the online trading industry is rising at an exponential rate. If you do some research you will be surprised to see the majority of the traders don’t have any precise skills about this market. They are always placing random trades without knowing the risk factors. On the contrary, the successful traders in the United Kingdom follow organized steps to learn more about this market. They trade with a proper strategy to become a profitable trader. Today we will share five key simple steps which will help you to become a profitable trader.
Read moreOptions trading
Saxo Capital markets provide stock options that help investors and online traders benefit even when trading prices are falling. These trading equity options are aimed at mitigating risks while providing forex traders with more exposure to global markets on their platforms. Traders go for options trading online in cases where they need protection. Using equity options helps protect the portfolio of most traders from markets that are declining. These options are used as a building block by Australian traders to position themselves in markets that may be falling, therefore, offering them protection when fluctuation hits.
Read moreFour simple tips to trade the key levels of the market
The retail traders are always looking for a professional trading system to deal with the complex nature of this market. They are even willing to spend thousands of dollars to buy simple and effective trading system. But do you really think that you can make money by using other people trading strategy? Every trader has a different personality. You have to consider the personality while developing the trading system. So if you follow other people trading strategy, you will always make mistake and place emotional trades. You have to consider the long-term scenario of the market. Try to create such a unique system which will help you to trade the key support and resistance level. Now we will discuss four important parameters which will help you trade the key support and resistance level with the high level of accuracy.
Read moreAdvance knowledge of risk management to save your investment
Surviving in the retail trading industry is one of the most difficult tasks in the world. Even if you start your trading career with millions of dollar, it won’t take much time to lose all your fund. The first three month is very crucial for the new investors. If you don’t trade with proper money management you will blow your trading account without even understanding the nature of this market. In the eyes of trained professional risk management factors is often known as the most important element in the Forex market. But this doesn’t mean you will become a profitable trader just by following the simple 2% rule of risk management. You have to understand the advanced art of risk management to save your investment. In this article, you will give you three amazing tips on money management which will change your trading career. A different approach to the basic
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