Introduction of foreign exchange market

Currency is no doubt an essential element for a country. However, in order for all the countries with different currencies to trade with one another, a system of exchange rate between their currencies is needed; this system, is formally known as foreign exchange or currency exchange.
In the early days, the system of currency exchange is supported solely by the gold amount held in the vault of a country. However, this system is no longer appropriate now due to inflation and hence, the value of one’s currency nowadays is determined through the market forces alone. In order to determine the value of a currency’s exchange rate, two main types of system is used which is floating currency . For floating exchange rate, its value is determined by the supply and demand of the global market where the supply and demand is bound by all these factors such as foreign investment, inflation and ratios of import and export. Normally, this system is adopted by most of the advance countries like for example UK, US and Canada. All of these countries have a similarity where their market is well developed and stable in economic terms. These countries choose to practice this system due to the reason where floating exchange rate is proven to be much more efficient compared to the pegged exchange rate. The reason behind this is because for floating exchange rate, the market itself will re-adjust the exchange rate real-time in order to portray the actual inflation and other economic forces. However, every system has its own flaw and so does the floating exchange rate system. Another form of exchange rate is known as pegged exchange rate. This is a system where the value of the exchange rate is fixed by the government of a country and not the supply and demand of the market. This system is called pegged exchange rate because the value of a country’s currency is fixed to another country’s currency. As a result, the value of the pegged currency will not fluctuate unlike the floating currency. However, there is a fatal flaw in this system where if the pegged exchange rate is not controlled properly, panics may arise within the country and as a result of that, people will be rushing to exchange their money into a more stable currency. However, the truth is, most of the countries do not fully practice the floating exchange rate or the pegged exchange rate method in reality. The Foreign exchange market, or commonly known as FOREX, is the largest and most prolific financial market because each day, more than 1 trillion worth of currency exchange takes place between investors, speculators and countries.

Forex Trading history

The FX market is an inter-bank or inter-dealer network first established in 1971 when many of the world’s major currencies moved towards floating exchange rates. It is considered an over-the-counter (OTC) market, meaning that transactions are not conducted on an exchange like some equity stock markets such as the New York Stock Exchange (NYSE) or the Chicago Options Board Exchange (CBOE) where options and futures are traded. OTC trades exist as agreements made between two parties that agree to trade via telephone or electronic network.
As FX trading has evolved, several locations have emerged as market leaders. Because these trading centers cover most of the major time zones, FX trading is a true 24-hour market that operates five days a week. For example, as a trader in New York, you have access to the FX market starting Sunday evening when the market opens in Sydney for the start of the trading week. The FX market has become the world’s largest financial market, and it is not uncommon to see over $3 trillion US traded each day. By contrast, the NYSE— the world’s largest equity market with daily trading volumes in the $60 to $80 billion dollar range—is positively dwarfed when compared to the FX market. Even when combining the US bond and equity markets, total daily volumes still do not come close to the values traded on the currency market.

Introducing Broker and Questions about it

What is an Introducing Broker (IB)? An Introducing Broker is an individual or company who introduces a party to CMS Forex, enabling that party to trade the Forex market.
Is an IB a CMS Forex employee? An IB is not an employee of CMS Forex and has no connection with CMS Forex other than as a contracting party with CMS Forex under the Introducing Broker Agreement or deed.
What is the IB compensation process? IBs will receive compensation at the beginning of the month based on his introduced clients’ total round turn lots traded in the last month.
Can an IB trade on behalf of his clients? An IB can manage his clients’ accounts and trade on behalf of his clients through the Limited Power of Attorney.
How does an IB manage his/her Forex business with CMS? A password-protected online IB business report will be provided to the IB, which gives the IB the ability to monitor his clients or customer trading activities and calculate their IB rebates 24 hours a day.
Do I have to pass any brokerage exams or register with specific financial regulatory organizations to become an IB? If you plan to operate your IB operation in the USA clients who reside in the USA, you must register as an IB with the NFA. If you intend to manage the accounts of US clients, you will need to register with the NFA as an IB and a CTA. Both IB and CTA registrations with the NFA require passing the Series 3 examination.

FXCM Now Brings No Dealing Desk Forex Trading to the Nordic Region

With this expansion, FXCM will strive to be the premier forex provider for the Nordic region. Accessing highly competitive prices from relationships with some of the world’s largest banks, and as a premier “No Dealing Desk” or agency execution forex firm focusing on the Nordic countries, FXCM offers clients no dealer intervention. Through FXCM’s UK entity, the FXCM Nordic Desk will provide a variety of currency trading products, services, education, and is developing a CFD product to launch in 2009. FXCM aims to deliver the best forex trading technology, resources, and 24/7 customer service through its multiple trading platforms, including: FXCM Trading Station II, MetaTrader 4, and Forex System Selector. Benefits of Trading with FXCM • No Dealing Desk Execution • Spreads as low as 1 pip • Easy to use Platform―fully customizable look and feel with integrated charts • Customer service in local languages • Regulated in six international jurisdictions: U.S., UK, Canada, Hong Kong, France, and Australia Contact our Nordic Desk by e-mail at Nordic@fxcm.com for more information. FXCM focuses on retail and institutional forex services as well as white-label partnerships. Forex Capital Markets is one of the Largest Forex Dealer Members • More than 125,000 live accounts are traded on FXCM trading platforms • As of January 2009, an average of $500 billion in notional volume is traded each month on FXCM trading platforms • As of January 2009, in excess of $600 million in customer funds trading on platforms offered by FXCM Leveraged foreign exchange trading carries a high level of risk, and may not be suitable for all investors.

Automated Forex Trading Software

Forex, the market where currency pairs are bought and sold, is the most liquid market in the world. Traders who aim to benefit from favorable exchange rate movements, trade round the clock, since the forex market operates 24 hours a day, five days a week. 'Forex trading tips,Forex signals, that refer to the indicators both leading and lagging, which are used by traders for the purpose of identifying appropriate time frames for buying and selling currencies, were dealt with in the article.For the purpose of ensuring profitable forex trades, one needs to be able to interpret the leading and lagging indicators. Since interpreting signals is not a particularly easy task, especially since leading and lagging indicators tend to produce conflicting results, forex signal systems, both manual and automated, caught on in a big way. Automated forex signal systems, that did not require the presence of the trader to execute trades, took precedence over Mechanical forex signal systems, since the latter required the trader to be present, for the purpose of buying and selling, based on the signals received, and thus was not totally effective in removing the human element. Automated forex signal systems also known as forex automatic trading robots, are based on computer programs. Forex robot systems are designed by professional forex money managers who use past performance and trends to simulate results that may reflect the actual trading environment. They are based on hindsight which, as we all know, is 20/20. An account may not achieve profits similar to those shown, since past performance is not indicative of future results.

Success on forex market status with knowledge

If there is one thing that I’ve learned about getting involved in new projects, it’s the fact that they can be intimidating if you are unfamiliar with what it is that you are doing. This is the only way for you to really get a handle on the situation . Regardless of what the subject is, knowledge is what is going to be able to help you overcome your issues.

This is especially the case whenever you are talking about trading on the Forex market, something that many of us find whenever we are first starting out. The learning curve that is necessary for you to get started can be quite steep but it does not necessarily need to be something that is unobtainable to you. there is one way for you to get started quickly.
You have access to an almost endless supply of information on any subject that you can possibly think of. I’m talking about the Internet, and if you’re reading this, you are sitting in front of your computer at this very moment. Finding the right kind of information is paramount in order for you to be successful in the Forex market, so there is a way for you to do so effectively.
The first thing that you need to do is to open your web browser to a search engine, such as Google or Yahoo. It is not simply enough for you to type in Forex and expect to get the information that you need. Be more specific with your search, and you will get results that are more specific in return.
Since you have a multitude of results in front of you, it is must for you to scan down through it and know what you are looking at. Not every and all website can be trusted on the Internet, especially when you’re trying to get financial information. Look for one that you can trust and that is going to give you the information that you need for free.

It is important for you Internet is not some kind of magical information archive it seem to give us what we want when we want it. At times, you need to overcome a few losses at first in order to find exactly what you’re looking for. Be learn about forex market.

forex, trading foreign currency

FOREX trading is all about trading foreign currency, stocks, and similar type of products. The currency of one country is weighed against the currency of another country to determine . Most countries have control over the other countries value, involving the currency, or money. Those are often involved in the FOREX markets include banks, large businesses, governments, and financial institutions.
What makes the FOREX market different from the stock market? A forex market trade is one that involves at least two countries, and it can take place worldwide.There are two countries are involved, one is with the investor, and two, the country the money is being invested in. Most of all transactions taking place in the FOREX market are going to take place through a broker, such as a bank.
What really makes up the FOREX markets? The foreign exchange market is made up of much kinds of transactions and counties. Those involved in the FOREX market are trading in large volumes, large amounts of money. Those involved in the FOREX market are trading daily twenty-four hours a day and sometimes trading is completed on the weekend, but not all weekends.
You might be surprised at the number of people that are involved in FOREX trading. In year 2004, almost two trillion dollars was an average daily trading volume. This is a huge number for the number of daily transactions to take place.
The FOREX market is not new but used for over thirty years. With the introduction of computers, and then the internet, the trading on the FOREX market continues to grow as more and more people and businesses alike become aware of the availablily of this trading market. FOREX popularity in this market continues to grow so could that number.

Secrets of Free Forex Bonus

Online forex trading is blossoming as more people are getting to know the new way of working from home. Forex brokers compete for more forex traders promising amazing offers and rewards, while we, forex traders, try to figure out which broker is worth trying and which bonus sounds the best.
After choosing the forex broker, another factor you should check out is broker promotions. Many forex brokers offer "First Deposit Bonus" or a welcome bonus. The idea behind the first deposit bonus is simple - generally, but not always, the welcome bonus comes in the form of percentage matches on deposits.

Free bonus has requirements and rules that you should always examine on your forex broker website. These requirements and rules come in a form of withdrawal restrictions. Basically, once you get the bonus you will have to execute a certain amount of trading before you can withdraw your free bonus. I strongly suggest checking bonus requirements before you get one. You can always ask your forex broker not to give you the bonus. Thanks for freedom of speech and choice!!
For example, a bonus requirement might sound like this: in order to withdraw your free bonus you are required to execute a minimum trading volume of 10,000 lot of every $1 bonus. Meaning that for $50 bonus you will have to make lots of trading!
Again, before you deposit a single dollar, I cannot emphasize enough just how IMPORTANT it is to review the forex bonus deals to see which one will give you the best advantage and isn't too demanding on bonus requirements.
A more "innocent" way of getting some free cash is to invite a friend. Once you are an active trader check if your forex broker gives away free money in case you invite a friend. Usually it requires for your friend to make a deposit, then both you and your friend get free bonus. Refer a friend bonus is not calculated in percents. It is usually a fixed price varies from $50 to $500, depending on the account type.

What You Really Need to Succeed in Forex Trading

Numerous people coming into the Forex market are unaware of how crucial training in Forex trading is and how it is paramount to their success.
Actually lack of Forex trading training is the number one factor for 97% of new traders failing, there are other factors you must address besides suitable training, like primary concepts of Forex trading, the all important money management, and market levels and their analysis.

If you can't analyze the market properly and understand its movements, you will not be able to bring home Forex trading. you need to know how the markets trade before you begin practicing it.
You need suitable training. Trading the Forex market without knowing how the basic system works, would be like trying to play any game without knowing the rules and objectives . You just can't win.
The primary concepts of Forex trading or any other trading in fact must be understood before devising a Forex trading system that is right for you and your personal trading needs So you must first formulate a system based on the three fundamentals. To do this you need suitable training .
It's important that you understand these three elements as they are essential to successful trading. Only when these elements are applied correctly can you use your system to minimize your risk in the market and take advantage of maximum profits. The three primary trading concepts you will learn from any good trader or trading course will be on the subject of risk and execution plus money management
Money management simply means knowing what percentage of your trading fund you may invest and what you may not. The highest financial risk will be investing more than your account can cover. . All successful traders will advise you to begin with small trades and use stop loss order strategies ensuring that you do not get wiped out after your first trade.
Another important element of Forex trading is the study of market levels and their analysis.
The Forex market is very unpredictable, currency values are constantly changing and suddenly. It's important for you to understand about price behaviour and know the disciplines applied in trading. Buying a currency at a low value and then selling it when its value increases is not the only concept essential in trading, any professional trader or good trading manual or course will tell you there is a lot more involved.
One more element, but rarely discussed by new traders is detachment. It is important for you to know how to detach from your emotions when trading in the Forex market. To let your emotions make the decisions and behave impulsively in trading can lead to disasters.
The most successful traders in the world are detached from their trades emotionally because they have learnt the rules of the game, they have devised a Forex trading system they understand and so allow the system to make the risk and execution decisions, they learnt how to trade and the correct way to approach it, they all acquired the training needed to achieve lasting maximum success .

Can Forex Signal Software Really Help You Become A Better Trader?

Many online tools are used by traders in the forex industry to help them achieve success. Forex signal software is one of them. We have to understand that the forex market does not sleep when we sleep, it continues 24/7. Athough some experts believe forex trading software is not ideal, it is useful if you can't be available trends in trading change. It really all depends on how you work.as a trader . The forex trader is expected to be able to make head or tail of data, statistics, historical chart in their attempt to know when to trade and when to pull out of a trade. It just depends on how you would like to trade really Your trading style depends onthe tools you use. The beauty of using these tools is that anyone is able to use them, and if you have a difficult time analyzing technical data forex signal software helps immensely. Signals are able to indicate changes in trends and these changes are what the forex trader uses to make money. . Learning to trade in forex provides you with a valuable skill, it just takes time to learn. This business can be worked from anywhere in the world when you have access to the internet. It doesn't matter what time of day or night you work it . Being successful in any business venture is the point of going into it in the first place. If you are thinking of entering the forex trading industry, and you want to use signal software, make sure you know what you are purchasing ? This software could help you avoid buying into a scam.

Forex Trading - Genderless Paradise For Women Traders

Despite the increasing numbers of women in business, journalism, news and politics the world is still possessed by male dominance. The unfair discrimination against women employees socially you can still hear how sexual differences are used to justify different roles for male and female.
women forex traders are just as good as men forex traders . Apart from living significantly longer, getting away from troubles using flirting and almost zero probability of becoming the next most-wanted serial killer, women are very good in multitasking.
In forex trading your success depends on the intuition. It plays a major part in making a decision when to trade, how much to risk and is it worth . Intuition is given to humans by nature but it is a known fact that women tend to be more accurate in using this "six sense". It is basically impossible to make any kind of successful business decision without intuition and the ability to use it right comes in handy for female traders.
Apart from intuition women possess the ability to multitask. According to research performed in University of Pennsylvania in Philadelphia, women were found oftenly better in multitasking. Women use more of their brains with any given task and that contributes to women ability to do several things at the same time. Multitasking allows women to become a professional forex trader, take care of a family and kids, and alsofind some time for herself. ". Most women won't risk what they cannot afford while gambling, investing and forex trading because of the "looking after the family" instinct. According to research women were found to take much less risk than men when it comes to financial investments.
With some computer and internet knowledge, persistence, ability to read and learn how to trade forex and a little time any woman can trade and earn just as much. Whether part time or full time, forex trading is sexless and there is no any rule or regulations for stop women. Forex trading is an ultimate genderless heaven.

How Much Time to Spend Forex Trading?

All experienced forex traders will tell you not to overtrade. The question is, what is too much trading? Is it true that the less time spend in forex market, the better? it is better to stick around to catch more opportunities.
Forex trading is a risky business and ,while some claim that the less time you are in the market, the bigger change you will keep all of your profits safe, the others come up with the approach of staying active almost constantly.
If all you do is watching the screen, you will be know nto clumsy trading. You might win at some point, but give it all back later on due to tiredness, boredom, anxiety, fear or greed. Do other things to take the edge off otherwise you will lose money. you should divide the time spent trading into two categories:
1. Actual Trading 2. Leaning: screen watching, chart analyzing, software design, reading trading materials, forums, blogs and news etc. Whether to trade in the morning or in the afternoon depends on the market movements. If there are valuable moves in the morning session, afternoon session usually ends up being lifeless and monotonous. On the opposite, if morning session is lacking the excitement, the rollercoaster moves will probably happen over lunchtime.
Use figure charts to help you ride the waves up and down. . This way you can actually step away from the computer while profits are piling up, or minimize the losses until the next opportunity strikes.
The trick is to learn how to feel forex market mood of the day. Once you are tuned to the market, you will have a fine idea on how long you should spend behind the screen. The time spent trading depends on what type of a day it is - trending or irregular:. The trick is to spot the turns and trade the swings. In my experience, if you understand the personality of the market, then it so much easier to trade. Figuring out whether the market is trending or being irregular requires some intuition and experience. Don't be disappointed if it doesn't come to you right away. With experience comes great understanding!
Let's try comparing forex market to a farmer (yes, a farmer who works in, let's say, potatoes fields).
Strong downwards trend on a previous day can be equated to the farmer falling down the hill. He is exhausted, probably hurt and needs some time to sit at the bottom of the hill to recover before going back to work again. So now the trading day will start off in an irregular manner and by lunch time the farmer will feel refreshed and rested enough to get on his feet again.
Uptrend day can be compared to the farmer lifting a giant bag of potatoes up the hill. It is hot and exhausting, so the farmer makes little stops and puts the potatoes down on the ground (retracements), rests a while and then continues up the hill. The higher the farmer gets, the slower he moves since the giant potatoes bag is getting heavier with every step. So he makes longer stops and rests in order to move on.
Irregular day with small difference between High of the Day and Low of the Day, the farmer is feeling sick. However, this means that the following day will most probably be a trading day, as the felling-better farmer goes out to work again!
Every trader has a different strategy to approach the market. Use your experience to understand market characteristics and make better profits. Remember, the important thing is quality, not quantity. What matters is not how much you spend forex trading, but how you use this time to compete the market.

Using Forex Automation to Help You Become a Profitable Forex Trader

A possible way to be a successful forex trader is to know how to utilize forex automation. Trading means that you trade your time or your money, but you don't want to do both. Automating your trades gives you the time to go off and do other things whilst your 'work' is still being carried out by your computer.
This is the reason that forex trading automation is so important. You must make sure you are operating as profitably as possible.
Forex automation is not very hard to used , you just need to find the right forex software for your needs. There are many different types of forex trading software available, so you need to get bestone for you.You can purchase download software that you install onto your own computer .
It is important that you research and learn about forex automation; learning how it functions is working is that the key of your success. Forex trading automation is the best way for anybody to become a successful trader, particularly for those traders who are learning trading .Without automation you will spend more time than is necessary or profitable on your forex trading.
This will help you see what software is available, and how other people are utilizing forex trading automation. All this research will take time, but this is time and effort well spent when you are a successful forex trader.
Avoid getting the first software or system that you find for forex automation, finding the right system takes time, the first one you find may end up being the wrong one. Take advice from other traders, read online forums and invest your time in searching for forex articles on the internet. Find out what is working for other traders and chances are it will work for you too.
Education from research and learning is the only way you will get yourself set up with it and become successful. So, don't delay, get started on that research today.

The Forex Magic Machine Reviews

Do you want to know more about The Forex Magic Machine automated trading software? Many currency traders are enjoying the benefits of using this automatic robot to make money for us today. Even though this type of trading software is becoming more and more popular, there is still a huge majority of people who have no idea what they are and how they work.
Using this robot allows peopleto make money without having to watch the charts all day.
1. What is the Advantage of Trading Automatically with The Forex Magic Machine Instead of Doing It Manually?
One big benefit is that this robot has no emotions and will not be scared out of a trade. It buys and sells according to the proven profitable systems that have been programmed into it and only responds when the market conditions fulfil its trading conditions. This software is also do difficult calculations and respond much faster than a human being trading mechanically, tiherefore it can identify profit opportunities and capitalize on them much faster than a manual human trader.
2. How Do You Know If The Forex Magic Machine is the Right Software For You to Use?
This trading program can be purchased and used successfully by anyone even if they have not done a single Forex trade before. In a 24 hour market like Forex, having such a powerful automated software allows its user to profit from any opportunity and not lose them because he or she needs to rest or is too tired or distracted to identify the profitable opportunities manually.
For beginners who have never made money from the currency market before, The Forex Magic Machine provides an opportunity to jump in and start learning without any heavy losses .

LMT Forex Formula Review

L.M.T. stands for Low Maintenance Trading which is an complete and excellent name for this program. It is a program that analyses and spots potentially profitable trades, it isn't a robot. When there is a possible trade a signal is given. You have to do a little analysis, but it is all laid out for you in the 47 page manual. Simply look at the 4 checks to determine if a potential trade set up is one that you should take. It is very accepting programme because it puts charge of trading. Its helpful for deciding or taking decisions for decideingto enter the trade or not.The goal of L.M.T. Forex Formula is to identify trades that have the potential of producing large wins consisting of hundreds of pips. It is nice to have a trading program that looks for large wins. And another great aspect of L.M.T. Forex Formula is that it can be used with any pair. I have been testing it on 10 pairs with good success. Of those trades 3 were wins, 1 loss, and 1 break even. The result from these 5 trades is that the account is up 413 pips.
The L.M.T. Forex Formula can be used to check for trades either once a day or you can use the programs to trade more often for smaller profits. This makes the program great for those who have full time jobs .or for who want to more active in trading.There is allot of sites for this formula purpose but LMTforexformulareview.com is also one of them nice sitewhich provides weekly updates and offering help to fellow traders.

How to Make Serious Money Forex Trading

Forex trading, like any other form of trading, is about planning your strategy in advance.

There are many ways to achieve the goal of having a trading strategy:
1. You can device one yourself. 2. You can take a Forex course and learn from an expert. 3. You can use a signal service and simply execute a strategy provided by a third part. 4. You can use an EA or Forex software with the ability to manage your trading account automatically.
Any of these options will be a good one.Therefore, if you want to actually make money Forex trading, you must always keep your arsenal of trading tools and resources growing, along with your knowledge of the Forex market.
Also, once you have a strategy in place (whether it is via Forex courses, services or software) always put that strategy to the test on paper money for at least two months, because as they say: only practice makes perfect.

Create Wealth At Home Trading Forex Today

Forex offers the most reliable way to earn money online today. It used to be the exclusive recluse of the very rich and big financial houses, not anymore because anybody with an Internet connection, anywhere on the surface of the earth can now make money buying and selling currency in the world exchange market. The second benefit is that you do not need big money bag to make money because you can start your trading today with just $100.
This is made possible because of legitimate brokers online. They make the Forex market available on their platform for you to takebenefitsas much as u want. The good ones offer Friendly Forex trading online tools, interactive and innovative platform to make the Forex market easy for you. It is so easy to get started that you should start today and earn good money as profits.
To get started you have to identify a reliable Forex broker, then download their platform to your system, it is very easy and most of them have a step by step guide to help you through.
Then open your account. You should start with a demo or practice account, this will enable you familiarize yourself with how the market works .This will also help you develop the needed skills and confidence, necessary skills will involve developing your own trading system and creating a money management habit. When you are comfortable with your demo, you can then proceed to open a real account. With a real account, you need to send your money to the Forex Broker so that you can start real trading. Once your money reflects (which can take between 5 working days to a few hours depending on your mode of payment) you can then click on the 'trade for real' button and follow the simple instructions.
If you want to start your real trading with $1000 demo trade with just that amount. With this you can have an approximate forecast of how far you are progressing. Then another thing to notice is that you should open your trading account with real money but don't trade it until you have demo traded. This will help you get more serious and help you achieve goals in the short run.

Why Learn Forex Trading? 4 Reasons Forex Trading Beats Stock Investing

There's no doubt about it, times are tough for a lot of people - especially if they've seen their life's saving shredded by the stock market.
Because of the recent chaos that the equities market have been through, many people are now looking for other places to invest their money. Many successful speculators have found it in the foreign exchange - called the Forex or FX for short.
If you're anything like them, there are at plenty of reasons why you should learn Forex trading. Most have to do with why currency trading beats stock investing.
Some of them are; (1) currencies tend to trend and are more predictable (2) the Forex is more transparent - corporations cannot hide information from you (3) the FX is an extremely liquid market - it is very easy to enter and exit trades quickly from the comforts of home. (4) Start up costs are less.
Currencies have a tendency to trend. And, as many traders say, "The trend is your friend, until the end, when it bends." In other words, if you have learned how to read the charts and have found the beginning of a trend there's the possibility of riding it for quite a while in order to enjoy substantial profits.
Historically, currency pairs have followed certain pattern movements. During times of crisis, for example, there are "safe" currencies that investors flock to. Certain patterns repeat. If you can recognize those patterns it's possible to capitalize on them.
Although the Forex is affected by a huge number of variables, at least you can know about them.
Also, virtually all Forex orders are executed immediately. However, there are some currency pairs that the seasoned FX trader tends to avoid because at times they are less liquid than the others.
Learn Forex Trading Because of Low Startup Costs
You do not need a lot of money to start trading the Forex and most brokers do not charge a commission. As a matter of fact, it's easy to start trading with as little as several hundred dollars. And, if you have learned how to trade the Forex, it is possible to multiply your investment in a relatively short amount of time.
Learn Forex Trading with Currency Trading Courses
Because there is risk involved, most people invest some time in order to learn how to trade the Forex before they sign up with a Forex broker. There's a wealth of currency trading courses available on the Internet.

Forex Secrets - Learn the Secret of the Millionaire Traders

If you look online, you will see lot's of so called experts selling you methods that can make you rich from cheap software robots and expert advisers and some systems that even tell you they can predict the future! So if these systems are so good, why are they being sold so cheaply, why doesn't the vendor just trade and get rich?
The answer is because these systems don't work and no serious trader would ever follow one of these programs. The real pro Forex trader knows that what separates winners from losers is not the trading system used but having the right mindset to apply it.
Let's look at this in more detail.
Fact: Forex trading is simple to learn and anyone can do it but despite this fact 95% of traders lose and this is not because they can't learn to trade, its because they cant get the right mindset to apply their system.
It's simply adopting the right mindset and keeping your emotions out of your trading. The correct mindset involves trading with discipline and keeping loses small. Most traders cant do this, because they hate being wrong and hold losses in the hope they turn around.
All traders will lose money even the best and you will have long periods of losses and in these periods, you must cheerfully take your losses - you mustn't get angry or frustrated, you must continue trading your system with discipline until you hit profits again.
The secret of Forex trading is that it comes from within.

Forex Trading - 6 Reasons Why You Should Start Trading Forex Now!

Forex trading refers to currency trading that operates 24 hours a day and where more than 2 trillion dollars exchange hands everyday. iIt's reachable to everyone, including you.
Everyone can get their share of the riches provided they know their way around. Well, are you prepared to take risks in order to garner more wealth? If you do, then judge for yourself first the different aspects involved in Forex trading.
Reason 1: Flexibility of Trade
If you feel limited to making money through your own investments and work, then you should really consider Forex trading. In Forex trading, there is no limit on how much you can profit, except of your own modal and strategies of investment. So, immediately after you decided on your sales, your position closes and you won't be affected by sudden market fluctuations.
Reason 2: Unsteadiness
Unsteadiness of course means instability, and this can be translated either into an advantage or necessary risk that you must take. So, put into your mind that the higher risk that you put into the trade, the higher possibility of profits that you'll gain. Bear in mind though, you might incur losses if you take too high a risk.
Reason 3: Accessibility
As said before, Forex trading is 24 hours a day and there's no limit on where and when to trade. There won't be any worries anymore as you travel anymore because you can trade anywhere and anytime you want.
Reason 4: Profit Prospective
The high possibility of earning from forex trading is the best attraction to investors around the world. By having a small modal to start off with, you can gain more profits in return. Still, you must do a concrete plan first before you start trading.
Reason 5: Boundary
This is to compliment the instability in trading. As in usual investments, the margin might be around 2:1 or 3:1, which means if you invest 1 dollar, you'll get 2 dollars in return. However, in the forex market trading, the boundary is almost 200:1, which means if you invent $200, you'll get $20000 in return. The con is that as you can earn faster, you can also lose money faster. Reason 6: Paper Trade
Paper trading means that you start on a mock trade and follow the market movements without paying any money. This enables you to garner experiences, learn and practice some basic techniques before you make your first live trade.

Forex risks

There are always risks to FOREX trading, even if your broker is quite reputable. All investments and transactions meet the whole set of risks because of sudden rate changes, changing market conditions and different political events.
Many factors are the reason for these forex risks. Just a few examples are: the main company's goals; the scheme how these goals are reached; the successful company's administration that guarantees its long functioning and at last ability to oppose any force-majeure with company's own resources.
Banks made up its primary participants. As communication facilities and automation were developing banks started trading "directly" without any intermediaries such as stock exchanges. Forex market's broker doesn't need any licenses and certificates for his activity as he is considered to be just a legal person. That's why Forex market on the whole also doesn't run into any "legislative limits" inside countries, and in many states is equated to the games' organization.

So it's important to mention that there are no regulations for Forex market, even despite of great number of complicated problems and risks - such as the risk connected with market prices' changes. However, first of all, it's important to know, that broker companies can't operate in a single stock exchange in compliance with all problems and risks, in contrast to quite adaptable exchange markets.
It's absolutely necessary for any FOREX trader to know at least the main rules of technical analysis and reading financial charts, to have experience of studying chart changes and indicators and interpreting of these very charts. This is a certain way of decreasing risk and financial exposure.
Many ways to minimize risks when placing an entry order were elaborated. Among them are different types of stop-loss orders. A stop-loss order is a special code of rules explaining how one can leave his position if the currency price amounts to a certain point. A stop loss order is placed below current market price if a person takes the so-called long position and expects the price to go up. On the contrary, stop-loss order is placed above current market price if a person takes the so-called short position and expects the price to go down.

Advantages of the Forex Market

When thinking about various investments, there is one investment vehicle that comes to mind. The Forex or Foreign Currency Market has many advantages over other types of investments. The Forex market is open 24 hrs a day, unlike the regular stock markets. Most investments require a substantial amount of capital before you can take advantage of an investment opportunity. To trade Forex, you only need a small amount of capital. Anyone can enter the market with as little as $300 USD to trade a "mini account", which allows you to trade lots of 10,000 units. One lot of 10,000 units of currency is equal to 1 contract. Each "pip" or move up or down in the currency pair is worth a $1 gain or loss, depending on which side of the market you are on. A standard account gives you control over 100,000 units of currency and a pip is worth $10.
The Forex market is also very liquid. When trading Forex you have full control of your capital.
Many other types of investments require holding your money up for long periods of time. This is a disadvantage because if you need to use the capital it can be difficult to access to it without taking a huge loss. Also, with a small amount of money, you can control
Forex traders can be profitable in bullish or bearish market conditions. Stock market traders need stock prices to rise in order to take a profit. Trading can be risky, but with having the ability to have a good system to follow, good money management skills, and possessing self discipline, Forex trading can be a relatively low risk investment.
The Forex market can be traded anytime, anywhere. As long as you have access to a computer, you have the ability to trade the Forex market. An important thing to remember is before jumping into trading currencies, is it wise to practice with "paper money", or "fake money." While this is no guarantee of your performance with real money, practicing can give you a huge advantage to become better prepared when you trade with your real, hard earned money. There are also many Forex courses on the internet, just be careful when choosing which ones buys.

Forex 10 Essential Tips For Forex Trading Success

If you are new to Forex trading you understand need to understand that 95% of trades lose. If you want to win you can but you need to follow these important trading tips. Here are your ten tips and there in no particular order of importance, there all important! 1. Don't Use a cheap Forex Robot or Expert Advisor If you think you are going to get rich by paying out two hundred dollars or less for a cheap software package think again you won't, all these systems lose money. 2. Accept Responsibility Leading on from the above point, it should be pretty obvious that you need to accept responsibility for your actions, learn skills and get a decent Forex education. 3. Work Smart Not Hard You don't need to work hard just get the right Forex information and that should only take you a couple of weeks at most and your all set. 4. Keep Your Strategy Simple trading strategies work best as they are more robust than complex ones, with fewer elements to break, so keep your system simple. 5. Use Technical analysis This is simply the most time efficient way to trade and all you need to do is learn the right chart formations, to spot profitable chart set ups and that's a learned skill. 6. Be PatientDon't trade to often, once or twice a month is enough to make big gains and is the best way to trade profits. 7. Use tight Money Management You are going to get losses, so make sure you keep them small and always place a stop before you start to trade. !8. Use Sensible Leverage You can get 200: 1 leverage with any Forex broker online but this is far too much and you will eventually destroy your account. 10- 20:1 is plenty for most traders. 9. Learn Discipline You will here this word a lot and it's the key to Forex trading success. You must follow your system with discipline and keep your losses small. 10. Be RealisticDon't be afraid to make mistakes or take losses, all traders do and you will too. Forget perfection and focus on making money; if you can make 50 - 100% in your first year of trading you are up there with the best and can be very proud of yourself. These are 10 very simple tips for forex traders and if you follow them you could be on the road to Forex trading success .

Forex Software - Choosing the Best

When it comes to forex trading the forex software you choose is essential. There are so many forex trading companies all competing for your business that choosing the right forex software can be quite a difficult task. Before purchasing any forex software there are a few essential items that should be included. The most important is security and your online forex trading software should include a 128 bit SSL encryption which will prevent hackers from accessing any of your personal details and information such as your account balance, transaction history, etc.
Providing the best security for your forex trading will include a company that provides 24 hour technical server support for your forex software, 24 hour maintenance should anything go wrong, daily backups of all information, and a security system that has been designed to prevent any unauthorized access. Another important factor when it comes to choosing your forex software is to check what the company’s downtime is like.The forex software you choose for your forex trading should also have technical support available at all times should your session be cut short.
Ensuring that all the above features are listed in the forex software you choose will help to ensure your forex trading success.

How to Win the Forex Battle

Every trading activity is participating in a battle. Winning the battle is a matter of knowledge, skill and experience. Some says that 95 to 99 percent of the traders are lining up on the loser’s side.
How to win the battle in the currency market? It is easy to answer that question, based on the above approach – prepare yourself for the battle. If you treat it as a business you still may loose everything.
The correct approach is: consider each pressing of the Buy/Sell button as entering a battlefield. If you enter it without having a knowledge, skill and experience on how to win, you are destined to fail. The earlier you get your “bad” lessons, the better for your overall experience. No mater how good you consider yourself prepared, after demo trading lessons, you have no idea of the forces ruling on the real market.
In fact the worst enemy you are going to face in the very beginning is not hiding behind the walls of the global currency trading centers. That enemy is so powerful that you will be amazed how quickly it will wash away all your carefully considered decision.
No one has been able to evade the force of that destructive power. No one can understand or realize that force unless it has been confronted face to face. Start trading with real money and you will face it too. Fear forces you to sell near the bottom and buy near the top. Greed forces you to get out of the market prematurely. Hope will keep in the trade until you loose everything. Fear may save you but hope may wreck you completely. Greed will never make you rich.
It is easy to give advice to trade without emotions and use the logic, only. Study all your “bad” trades, because they are the most precious gifts on the way to proficiency in trading. Growing as an experienced trader is possible only after getting your losses in the beginning. Then sit down and carefully study the lessons they brought to you.
One thing traders never want to do is to admit of being wrong. The market is a constantly changing and it demands flexibility in taking decision. That implies monitoring and constantly adjusting, changing your decision and action. Once you overcome the emotions, concentrate on developing your signature way of trading. You can start with following different advisors and system and picking from them the things you like. Now, you have to go back to emotion in a controlled way. Every time your system suggests a trade look inside you and see how you feel about this trade. You feel bad – discard it. If you feel good – keep it.
Here comes the final step: Looking for the final approval sign before submitting the trade. Here is the time, where the mastership shows up. Your weapon is loaded, the target is clearly seen on the visor and the finger is on the trigger. You have to make that final exhale, get the target over the cross point and shoot it.
How much knowledge, skill, experience and patience you need to build within in order to reach that very final stage of trading proficiency? Only you’ll know that and only you can do it. Study all you can find on the net and follow the steps of the best if you want to win that battle.

Forex Trading Systems

You should build your own trading system
A trading system on the Forex market is a type of strategy that allows traders to trade with a set of rules. There are many free trading systems and strategies printed in trading articles, journals, books and on trading-related websites. Youcan also make ur trading system make mmoney by himself. Why you need a forex trading system?
It’s easy to trade with a system.
A good system provides consistent result. What makes a good trading system?
It’s simple. Forget complicated systems with lots of rules - it’s a proven fact that simple systems work better - and are less likely to fail, in the brutal world of trading.
A trading system with profitable expectation.
It provides good ratio of reward/risk.
A system of comprehensive risk management including market exposure weightings, stop-loss provisions and capital commitment guidelines that preserve capital during trend-less or volatile periods. Once you learn how to develop trading systems and strategies, you can then be better equipped to test them as well. By this point you might even find that the system created by yourself is the best one for you, because it becomes the system more suited to your profit objectives while operating within your risk tolerance levels. . The irony is that for a trader to know which system to purchase, you must first learn how to create a system. And after knowing how to create a system, he will no longer have the need to buy one.

Price Action: The Perfect Forex Trading System

Trading the Forex market has become very popular in the last few years. But how difficult is it to achieve success in the Forex trading arena? Unfortunately very few, only 5% of traders achieve this goal. One of the main reasons of this is because Forex traders focus in the wrong information to make their trading decisions and totally forget about the most important factor: Price behavior.

Most Forex trading systems are made off technical indicators (a moving average (MA) crossover, overbought/oversold conditions in an oscillator, etc.) But what are technical indicators? They are just a series of data points plotted in a chart; these points are derived from a mathematical formula applied to the price of any given currency pair.
There is an important implication on this definition of technical indicators. The fact that the readings obtained from them are based on price action. Take for instance a long MA crossover signal, the price has gone up enough to make the short period MA crossover the long period MA generating a long signal. Most traders see it as “the MA crossover made the price go up,” but it happened the other way around, the MA crossover signal occurred because the price went up. Where I’m trying to get here is that at the end, price behavior dictates how an indicator will act, and this should be taken into consideration on any trading decision made.

Trading decisions based on technical indicators without taking price action into consideration will give us less accurate results. For example, again a long signal generated by a MA crossover as the market approaches an important resistance level. If the price suddenly starts to bounce back off that important level there is no point on taking this signal, price action is telling us the market doesn’t want to go up.
Technical indicators are a very important aspect of trading. They help us see certain conditions that are otherwise difficult to see by watching pure price action. But when it comes to pull the trigger, price action incorporation into our Forex trading system will definitely put the odds in our favor, it will generate higher probability trades.
So, how to create a perfect Forex trading system? There are 3 ways or tips for that purpose which are as under;
First of all, you need to make sure your trading system fits your trading personality; otherwise you will find it hard to follow it. Every trader has different needs and goals, thus there is no system that perfectly fits all traders. You need to make your own research on various trading styles and technical indicators until you find a concept that perfectly works for you. Make sure you know the nature of whatever technical indicator used.

Secondly, incorporate price action into your system. So you only take long signals if the price behavior tells you the market wants to go up, and short signals if the market gives you indication that it will go down.

Third, and most importantly, you need to have the discipline to follow your Forex trading system rigorously. Try it first on a demo account, then move on to a small account and finally when feeling comfortably and being consistent profitable apply your system in a regular account.

What a Good Forex Training Program Should Include

A Forex training program or a Forex trading course won’t guarantee profitable results, nothing can, but choosing the right Forex training program or Forex trading course will definitely put the odds in your favor.
Before spending any amount of money on any Forex trading course or Forex training program there are some important aspects you need to take in consideration. There are many training programs available, but not every one of them suits the needs of every trader.
The first thing you should be looking in a Forex training program is the content of the material. Unfortunately, most courses or training programs focus or spend most of the time on basic concepts. Though these basic concepts are important, spending most of the course on them won’t help the trader to make consistent results.
The following subjects are what I consider the most important aspects of trading and every training program or trading course should address:

Forex trading basics - Review basic concepts such as: margin, type of orders, a little background, bid/ask, rollover, etc. You need to make sure you understand every single concept to perfection.
Main drawbacks of Forex traders - Being aware of the common mistakes made by Forex traders and knowing how to handle them will prevent new traders from making those mistakes.
Technical and fundamental analysis - These are the two main approaches adopted by Forex traders. Knowing how to properly apply each concept will definitely put the odds in your favor.
The three pillars of Forex trading. These three subjects have the most impact on every trader trading account.

Forex trading system development - Having the right system is a must if you want to have consistent profitable results. Having a system that doesn’t fit you will cause a series of problems that will make your trading account vanish away (second guessing the system, not following your system, etc.)
Money management - This is considered by many successful traders to be the most important single aspect of trading. Money management helps to increase your profits geometrically and at the same time limit your losses (i.e. a good risk reward ratio of about 2:1 will make you money in a Forex trading system that is right only 38% of the time.)
Trading psychology - Being aware and knowing hot to handle the psychological barriers that affect every trader decision will put the odds in your favor.

Other important aspects every training program should include are:

Developing habits for success (such as discipline patience, taking responsibility of every action, commitment, etc.,) understanding and taking our trading as a business, risk and trade management.
Another important aspect you should take into consideration when choosing a Forex training program is the mechanics of it, getting to know how the training program works.

A good Forex course will have the following:

A live conference room, to apply everything learned under live market conditions.
One-on-one coaching, every trader has different needs and requires special attention. Online trading course, a course that could be accessible through internet. A forum, where members can talk just about everything related to the Forex market and the Forex training program.
Trading the Forex market is no easy task. It requires a lot of hard work. Making the right decision will definitely put the odds in your favor. Take your time when doing your diligence because it is a big and important step in a trader’s trading career.

Automated Forex Trading System

The Forex MegaDroid is an automated Forex trading robot This was specifically designed to function in all market environments. The facts are clear and un-debatable on this issue, the market canmake unexpected moves at the drop of a hat and having a weapon in your arsenalable to react instantly to those corrections and profit from them at the sametime, puts you in a very powerful position. Because of this we were forced togive it our highest rating possible, a 10 out of 10. This item is not to beunderestimated and MUST be in your final decision making process when makingyour purchasing decision.This Forex robot uses a cool new technology known as Correlated Time and PriceAnalysis (RCTPA). The Forex market like any other will follow specific patterns and Mega Droidwill use years of back testing to profit from those patterns. Now the hallmark of Forex Mega Droid and why it is creating such hype is thefact that the program is the first Forex robot to have artificial intelligence(AI). What this means is instead of simply taking the same trades over and over,if one trade is a loser the robot will learn from the experience. It will then factor in why that trade was a loser and use that valuable information for latertrades. This Automated Forex Robot is incredibly valuable because the problem with mostForex robots is they stop working after a certain amount of time. ForexMegaDroid learns from it's mistakes and is constantly adapting to marketconditions. Now keep in mind this product is stillvery new, so these numbers COULD change in the future. The initial results havebeen pretty staggering. Forex MegaDroid has shown a 95-96% win percentage ontrades and tripled one of our accounts. The best part is the robot was very good at limiting losses by not riding costlydrawdowns. A high win percentage with minimal losses are the signs of anEXCELLENT automated software.

Risk Disclaimer in Forex

Trading foreign exchange on margin carries a high level of risk, and itis not essential that it is suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives or ur goal, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Soif youtake decisions according to above ways then u will be able for makingt nice n satisfied profit by forex.Thats way its so important that you should kept in mind all the eleents of risks which are involved in forex trading or also in foreign exchange.

For attaining financial freedom by forex trading

There is no need to allow your learning curve to cost you money.
You must be willing to make all your trading decisions, instead of relying on someone else’s thoughts or ability (or lack of). They will make decisions with no hesitation, and handle the growth of their account in a predetermined, intelligent fashion. They range from very active to very patient. This is a near certainty. I don’t say this to talk you out of trading. Their decisions will be calculated and analyzed to near perfection. Regardless of your ultimate goals, you will reach them quicker with a great forex education. By taking this approach, however, these traders are only as good as the people they follow. 1. Have Faith In Yourself To reach the level of elite forex trader, you must trust in yourself and your forex education.
Unfortunately, they haven’t followed the simple steps In fact, one of the key points to look for in an elite forex trading course is on going knowledge. There are many ways to trade the forex. 2. Accept Your Learning Curve Unless you are a veteran trader, you will lose money trading the Forex market. It’s nice to have an ongoing relationship with the person/people helping you to achieve your objectives.
You will be trading against others that fall to this reality day in and day out. In fact, quite the opposite. Take your trading to their level and you will never look back. Go through these steps and give yourself the greatest opportunity to achieve your goals. Your education should never end. 3. An elite forex trader will lead. You must decide which style suits you best. With the amazing growth of the forex market you are going to see an astounding amount of traders lose all their money.
4. Take some time to review different options before deciding on who to trust with your forex education needs. You, however, will not risk a dime until you have learned the skills you need to make money trading the forex. Of course, you will prepare yourself fully before every risking any money.

Managed Forex Account - Be Your Own Hedge Fund And Avoid The Recession

Managed Forex accounts are best suited for those who wish to tap into the Forex world's fast moving turnover but don't have all it takes to do so. A managed Forex account is a type of trading account that is handled by a company trading representative. A lot of people are interested in the Forex market due to its' high liquidity, 24 hour trading, low start up costs, and other attractive reasons. However not all traders are able to sufficiently learn or trade currency due to conflicting time schedules or perhaps due to other job delegation. A managed Forex account is a live Forex account absolutely funded by an investor, and traded by a company, or specialists. This allows the individual a reasonable profit margin as s/he does not have to trade on their own. Hundreds of companies and investment firms make up the Forex market arena where an investor's money is put to qualitative use against an established managed Forex account. Some of these organizations have profound specialty in managing Forex accounts, providing an all near one hundred percent value for their service in the currency exchange. This landmark results gives the potential investor much confidence in their service offering. Managed Forex account when being handled by a professional currency representative, gives a better chance of realizing a steady monthly or yearly percentage of return.Organizations and professionals charge management fees on the managed Forex account irrespective of whether the account is in profit or not. Such companies handling managed Forex accounts usually have important insider information because of close interaction with many financial institutions. In other words, they provide access to currency exchange rates and market changes that one can use to turn in a nice profit.There are obviously many advantages of a managed Forex account. Some allows the individual to achieve a steady rate of growth without having to go through the rigorous hassles of expending energy and time to trade the money personally. Part of the monthly or annual accruable revenue goes to the investing firm or company that provides the managed Forex account. The flexibility of withdrawing funds from the managed Forex account is another upside of this scheme. This is due to the very liquid nature of the Forex market which allows for potential in both rising and falling markets, giving the experienced money manager more chances to grow the investor's account.

Managed Forex Program

Managed Forex Program

A lot of people are much surprised that what Forex Managed Accounts are. There's a Forex currency market in which there are always currency rates changes going on. A lot of professional traders constantly make money on these rate changes. But there are also traders who manage clients' accounts for a per centage of profit and this is called Managed Forex Accounts. How do you choose a correct managing trader or managing company? First of all you should pay attention to how long the company exists and how much experience the managing trader has.The schemes of accepting money by the company or trader are also very important. There are 2 schemes or steps or you also say them techniqes First one is accepting money to their own accounts; second one is suggesting to open PAMM (Percentage Allocation Management Module) with a different broker. The 2nd sort is preferable as accounts with a different broker are opened into your name and it's only you that can withdraw funds from them. In this way you protect yourself from possible cases of fraud.Profit statistics is another important issue. In Forex just like in any other business there's a simple rule that applies: the more the profit is the higher the risk is and the lower the profit is the more risk-free the endeavor is. It's very important to choose a balanced option.

Benefits of a Forex Managed Account

Trading opportunities in both rising and falling markets. So there are somme benefits of a forex managed account which are as under.
1.Asset diversification from foreign exchange trading.
2.Professional forex account management.
3. Diversified forex trading discipline using the major currencies only.
4. Real-time account management and reporting.
5. Liquidity of assets - money can be withdrawn at any time.
6. Participate with an individual retirement (IRA), Roth IRA, or through certain company retirement plans.
7. Low initial investment for a managed account starting at $5,000 to $10,000 depending account type

What are Forex Managed Accounts?

Investing in the Forex market is a great opportunity to diversify and benefit from the liquidity that global foreign exchange provides. A good way to leap into Forex trading is through Forex managed accounts while receiving professional training .Ultimately, good trader's fine tunes their own trading system and learns how the market reacts to specific news and patterns. The big players in Forex trading are primarily central banks, commercial banks, non-banking International Corporation, hedge funds, private investors and speculators. There are a few factors as to why Forex is starting to attract more small investors. Forex can be traded 24 hours a day 5 days a week. Managed account accommodates those investors who wish to allocate part of their initial investment capital to the Forex market but are either unable to watch the markets 24 hours a day or prefer to have their risk capital managed by professionals. Managed Forex trading depends on certain strategies which may be known to the investors or exclusively to the fun managers.It is not enough for one to simply invest money without knowing the basics of what s/he is into. Even if a Forex fund manager does not know the technicalities involved in trading, it makes a lot of sense for such a person to know what goes up and comes down or stays there as it concerns the trading activities. Searching for a good managed Forex account is not an easy task. Some trading systems take too many trades causing the trader to margin out too soon or give poor signals all together. Clients are advised to be sure of trading system that is able to back up its data with proven results and back tests their system in real-time. Depending on the broker that is managing your account and their ability to pay out is what counts the most.