Power up your trades
Stock Market Overview
dependability & innovation in trading
We strive to bring in innovation when we are planning to get you the right heights.
strategies to follow
In-Depth Daily Market Analysis
the accounts of experienced traders
Aubrey M. Morris
Excellent Trading Terms
June R. Campos
Simon D. Barrett
NFP is short for Non-Farm Payrolls, and it is a term that measures the amount of jobs that are opened in the US every month. As the name suggests, the number of jobs does not include the ones that are related to the farming industry. The NFP is released on a first Friday of every month.
NFP includes a variety of factors that contribute to the rise or a decrease in the number of new job openings. Some of them include:
- unemployment rate – the ratio of people who are unemployed for the time that is being measured and the people who are employed. Is the first greater than the second? If the answer is yes, the unemployment rate will rise
- average hourly earnings – this is one of the most important factors that affect the overall economy of a certain country. Hourly earnings are again in relation to many different factors, and are making a job opening more or less appealing. Then, you can also compare them to the same positions in other countries, and assess accordingly how the NFP will probably turn out
- participation rate – this is one of the trends that are associated with the NFP and its results.
Stockscm Trading Strategy
Many trading platforms today are trying to distinguish themselves by creating new and innovative approaches. Sometimes they work, while in other cases, they fail miserably. But we won’t focus on those. Rather, we will relocate our attention to the ones that strive for being original and ahead of the competition.
One of them is Stockscm. And before you say anything – no, this won’t be a typical, biased Stockscm review. No, sir! Rather, we will aim at giving you an honest and truthful Stockscm feedback. That way, you can see for yourself what this trading platform is all about.
NFP and its Influence
The Non-Farm Payroll is quite an important factor on the Forex market. Many experts are claiming that the NFP is actually one of the main, if not the only factor that is driving the market in a certain direction. Whatever the reason may be – NFP is definitely a strong contender on the market when you are deciding on your trading strategy.
In time, traders have noticed that they can, in fact, decide on their trading plan like this. Especially when assessing and researching the NFP and its features. Most often, the release of the Non-Farm Payroll is actually one of the most watched economic events in a month! The thing about this event is, that it can create a lot of chaos and heightened emotions on the market. That alone can cause major shifts in trading, as many experienced clients already know.
NFP – Main Goals
Since the release of the NFP draws so much attention each month, it has become a major factor in the market. Accordingly, many traders have started to attempt at creating new and innovative trading strategies using this report. Though the information about it are confidential, of course, there are some ways you can use the speculation in your favor.
Like with any other asset, you can use this emotional environment just before the NFP is being released to watch how the market is performing. This includes everything – from market trends to your own personal instinct. In other worlds, these are the main advantages of the NFP. By following this example, you can create your own personal trading strategy, and gain from it, too!
NFP and the FED
One of the biggest roles that the NFP has in the world of finance is in relations to the Federal Reserve, which is the US national central bank. Namely, the Federal Reserve also patiently awaits for the Non-Farm Payroll report each month. After that, the officials use its main points and information that the report provides in order to decide on the future steps. Monetary policies, interest rate cuts and all of the other major moves that the Fed decides on are primarily based on the NFP.
For example, if the NFP shows a growth in the number of job openings, the Federal Reserve will raise the interest rates in order to control the inflation from spiraling. Same goes in the other direction. Especially in times of hardships on the global markets, the Fed will be cutting the interest rates. Though, it should be noted that this is not a useful move in the long run. This is the main reason why the Fed is quite hesitant at making it.
A lot of the reactions that are surrounding the release of the NFP each month can be a part of a trading strategy. Namely, the consensus means that the majority of the market participants are agreeing on what the results of the latest NFP will be. Then, after its release, if the consensus was close to the actual results – the damage will be a lot easier to come by.
Similarly, the further the results are from this consensus, the bigger the consequences. Still, this is all a normal part of trading – speculating, failing, trying again, and succeeding. It is the same with trading with NFP, which is why this strategy is attracting more and more traders each day.
How to Trade NFP?
Much like any other type of trading strategy, this one requires knowledge, patience and a bit of luck. According to your personality type and your strengths and weaknesses, you can choose from the two of the following strategies:
Trading before the release of the NFP
as mentioned before, this requires a lot of patience. And if your speculations don’t turn out to be true – don’t be so hard on yourself! Speculating is an essential part of trading. Therefore, you will apply it no matter what type of an asset you are choosing to trade with
Trading after the release of the NFP
this type of trading is a lot more cautious, but also quite hectic. This is why you should aim at always keeping your head calm and cool. Even when things seem to be spinning out of control! It is important to note that the initial reaction to the NFP might not be the right one. But still, it is certainly a strong factor that can create a serious market trend. Later, you can also use to your trading advantage.
Mobile trading continues its ascendency, as brokerage companies and dealers report that more than 20% of all the trades are going through trading apps. According to FXCM research, only on forex, the retail average daily volume surpassed $250 billion and most of the people are using mobile apps.
Since it is popular and useful in many ways, let’s see what are some of the top investing apps for Android devices which you could use in order to improve your trading.
No matter what instruments you are trading, you definitely should keep up to date with the latest and most important market news. The CNBC mobile app lets you access accurate and actionable business news. In addition, you can research financial information, market data, and much other useful information.
One cool feature of the Android CNBC app is that it will notify you instantly when breaking news occurs. You can also watch live videos, see what major analysts think about the markets, and stay up to date with the latest episodes of the CNBC shows.
Whether you need a CFD trading platform or platforms for stocks trading like TD Ameritrade or Robinhood, it is crucial that you have complete access to your trading account at any time and no matter where you are.
We’ve seen huge amounts of volatility for the past few years, which means buy-and-hold strategies will definitely not work. Traders will need to act fast and make split decisions when a major event occurs. Mobile platform will help you do exactly that, even when you are not at your desk.
For the past few years, brokerage companies had invested a lot of time and resources into mobile platforms. This is why so many people are conducting trades using them.
Similar to the CNBC app, with Yahoo Finance you can follow stocks you care about most and get personalized news and alerts. You also have access to real-time information about stocks and other instruments. In addition, there are many investment updates for you to stay on top of the market.
You’ll be able to create your portfolio of assets as well as track their performance. Later, they can compare them with interactive full-screen charts. This is the best way to find all the financial information you need with sleek and intuitive navigation.
Yahoo Finance goes beyond stocks. In addition, it tracks currencies, bonds, commodities, equities, and many other financial instruments. With this, any type of trader will find what suits them the most.
Volatility had been the main characteristic of the stock markets since the end of 2017. Because of that, people wanting to invest in stocks needed to pay closer attention to the market’s performance.
When prices fluctuate to such a big degree, you want to be updated with the latest information. This is quite impotant, since it might impact the future direction of the price. So, you should be able to monitor your portfolio. Let’s see what are some of the best iOS trading apps out there.They can help you to stay constantly informed about the latest developments as a trader.
By far of the most popular app used for tracking the stock market, investing.com offers a set of financial tools covering a wide variety of global and local financial instruments. With the app, you’ll have access to real-time data, live quotes and charts for over 100,000 financial instruments from 70 different global exchanges.
Additional features like economic calendar, earnings calendar, personalized portfolio, alerts, news, analysis, etc. are also available on investing.com, in order to help you understand better the market performance.
We’ve mentioned how important it is to monitor your portfolio on a constant basis. This is due to the market’s volatility, but despite that, you won’t be able to stand at your desk on a constant basis. You need to be able to monitor your stock even when you are away and that’s when you need a mobile platform.
Most of the brokers, whether we talk about the FXVC mobile platform, Oanda, forex.com, etc. had already developed iOS versions for their platforms, meaning you can monitor your trades and have full access to almost all account features directly from your phone. You definitely want to close or open new trades at any time. Of course, with the mobile platform, you are able to do that.
Another important iOS app you should constantly use is Bloomberg. Although it is similar to investing.com, Bloomberg has an edge in terms of documenting the most recent events. Consider that geopolitical tensions have a great influence on the financial markets these days. Therefore, you need access to reliable information as fast as possible.
If you want to use it on a daily basis, there’s only a limited number of articles you can read. This then means you will need to sign up for a subscription. However, it’s worth the payment! Mainly because you’ll be able to know in greater detail more about big events. Whether you like it or not, they will sooner or later impact your stock market portfolio.
Investing your money had never been tough, considering the low interests we are witnessing at a global scale. Bank deposits are far from being considered an investment generating return. The main reason for that is you’ll end up with little or less than you initially had. Some countries, like Japan and Switzerland, have negative interest rates because of it.
As a result, people were forced to move into the financial markets and today we will talk about some starting tips which you definitely need to take into account if you want to start trading CFDs.
Before you even start, you need to be fully that trading is not a lottery as some people claim. Everything works based on cause-effect relationships and that is true for equity prices. Whether we talk about CFD stocks, currency CFDs or anything else, their price moves up and down based on demand and supply.
Your job, as an aspiring trader, is to understand the reasons that influence supply and demand. Then, you should learn to anticipate price movements. Leave trading aside and focus on your education. Technical analysis, fundamental analysis, risk management, market sentiment, are all representing fields where you need as much knowledge as you can digest.
Your trading system
In a fast-changing environment, where you won’t find any certainty, you should follow a clear and specific set of trading rules. Beginners treat with ignorance the importance of a trading strategy, which is why most of them end up losing money.
Repeating the same mistake won’t take you another place. This is why it’s crucial, after you’ve done with phase one- education, to sit down and write a compelling trading strategy. There isn’t a specific pattern on how to do it and you’ll find different methods online.
The important aspect to note here is that your strategy must cover in-depth how you’ll enter the market, what trading setups you will search in the market, your risk management rules, how you review your trading activity, how you analyze the market, and last but not least, how you constantly improve the entire strategy as you progress.
It’s all about risk management
If you want to be successful at trading, you’ll need to learn how to manage risk effectively. No matter what kind of trading strategy you choose, one thing’s certain: you won’t make money 100% of the time. That is why you need to find an efficient way to limit the downside when you lose money. Similarly, you should also know how to leverage the upside, when you profit.
Are you a new financial brokerage just considering becoming a broker, or you are already a professional in the industry? Either way, one of the most challenging aspects of your career is finding new leads.
Additionally, regardless of which brokerage firm you work for, marketing costs will always be high and good leads are precious. This includes the portion of the financial industry you represent, or even how talented you are. Why is that important? Well, it is why you need to make everything you do count, every single day.
Moreover, when you put it like that, there is an all-in-one, powerful solution. Additionally, it provides every service you need to become successful in the competitive financial industry. It’s called FINOVATION and it truly is the only fintech resource your business for you. If this sounds interesting, keep reading to learn more:
Reliable All-In-One Platform
FINOVATION is the industry’s only reliable all-in-one platform designed to meet the needs of today’s medium to high volume traders.
Furthermore, whatever your needs may be, FINOVATION can create a custom fit platform. From trading platforms and customers relation management, marketing solutions and much more. This way, success is well within your reach. How is that possible? Simple – with an easy to use dashboard which provides at-a-glance information and tools!
Benefits Of Using FINOVATION
With our custom-built new generation CRM, Trading platforms are always improving to maximize time you have in your disposal. In addition, we provide companies with resources to ensure the best ROI in every aspect of the operation in today’s global financial markets. With FINOVATION, you get:
- intuitive CRM – this reveals and provides at-a-glance information and tools that today’s Sales Agents need to maximise their time and get optimal results. This way, you can quickly and easily see which depositors are currently online. In addition, you can learn about the declines of recent deposit attempts, recent Withdrawals, and much more.
- easy to use Dashboard interface – which provides full accessibility to all current information.
- An array of powerful Floor Management tools – These allow you precise control and Agent Management via a wide spectrum. In addition, you can take advantage of our transparent Flexible Calendar and Task Manager.
- exclusive layout of each client’s portfolio page – With this, it;s easier than ever to maximise each Sales Agent’s time for best possible results. How do we do that? Simple – with the accessible, up to date, displayed Data.
- Last but not least – the ability To Make Every Lead Count!
If you wish to learn more about making your brokerage business more efficient and sustainable, contact FINOVATION. Here, you can speak to a fintech professional who will answer your questions and assist you with making your business better. No matter how many questions or doubts you may have, that’s what we are here for! But don’t take our word for it – see for yourself!
If you like this article, please feel free to share it on your favorite social media sites.
We came across StocksCM, a newcomer on the Forex market that is just taking off. If you’re looking to get all the inside info before getting started with your trading journey, read along. Our comprehensive review on the StocksCM platform will help you to dot all the I’s and cross all the T’s. You’re also welcome to share what’s on your mind in the comment section.
We want to start this FX broker review, pointing out the primary message of StocksCM. They aim at helping their clients to push the limits so they can scale their success as individual traders. Their goal is noticeable with each click through their webpage. With impeccable designs and a user-friendly interface, you always know where you stand. Everything is clear and transparent since their team is always ready to take your requests and comments into consideration.
How does StocksCM forex work? Well, among the already well-established names, a brand needs to get ahead by setting itself aside and being unique. Keep reading to become well-versed in what makes the StockCM platform stand out from competitors.
Investing or Trading?
While these two terms can get easily confused or mistaken with one another, StocksCM shows a clear picture of the difference between the two. These are actually two completely different methods of profiting, both in the financial markets. Whether you are an investor or a trader, you are attempting to earn profit by engaging with the market. However, the main difference between the two is their unique approach to creating this profiting strategy.
While an investor aims for larger returns over a limited time period, a trader takes their time, as well as takes a wider range of signals into consideration. From the rise and a drop in the market performance to an individual enter and exit strategy and timing, a trader is able to receive smaller, but more frequent profits by comparison.
So, when you invest, you aim to build up your capital during an extended period of time. While you do so, you can combine stocks, bonds, mutual funds or any other type of financial instrument available on the platform. Investments often take years to play out, sometimes even decades. Who has that kind of time, anyway? During that time, investors can collect interests, dividends or stock splits, depending on the type of financial instrument which they added to their personal portfolio. In addition, investors are usually more concerned about the fundamentals of the market, such as forecasts and price movements. And while a trader takes those into consideration as well, they make a more in-depth analysis as they go along, adding new things to the mix as they come by.
Basics of Trading
This is where trading comes to its peak – analyzing anything and everything you may find useful for your trading adventure. This is the main advantage of the process of trading, where you can create your own style and strategies. While you can always compare to other traders, engage with them and learn what works for them, this may not work for you as well. This is why the safest option is to try and try again until you eventually succeed. And who knows – in no time, you can become a role model for other beginners as well! Remember how challenging it was to start? Now, you can become more compassionate and sensitive to these differences and learn how to turn them into advantages.
Creating this FX broker review, we wanted to support a new but promising trading platform that acknowledges its lack of experiences but makes up for it with innovations and modern approaches. Everyone is welcomed to try and grow with this up and coming platform. Starting their journey with a brand that is clear with their goals, the message they are sending out into the trading world is attractive and appealing.
Each trading platform that you stumble upon on your search for a perfect fit aims to offer you something new and exciting. But one thing they can all agree on is – the wider the asset range, the more satisfied clients! This is true in any business, but market trading especially. Just for the sake of comparison – while an investor hopes for an annual return of 10%, for example, a trader will earn the same amount in a single month! How cool is that?
This is what StocksCM takes into consideration, which is why they provide their clients over several hundred different assets up for trading. From stock and currency pairs to indices and cryptos, it is up to you to choose which one to take a chance with first. What seems to be especially popular on StocksCM are the currency pairs, and it is no surprise since the possibilities are practically endless.
Currency pairs are listed and traded on the largest and most liquid market in the world – the Forex market. What is so special about it? Among other things, what pops out immediately is that this market is always open. Aside from holidays, you can trade on the Forex market no matter which time zone you are in. So, sleep in and get some rest, because this market will take you on a rollercoaster! You won’t be able to get out of your head.
Forex is short for Foreign Exchange, and it is a place where you can trade all the major currencies of the world. They are displayed in currency pairs – such as USD/EUR, for example. And though they also have their own individual values, which are displayed in indexes, they are always traded in pairs. like listed above.
One other thing that stands out with currency trading is the wide range of different factors that contribute to their value. From the economic landscape of a certain country to the global spread of a health crisis, there are so many things to take into consideration. They add up to a fluctuation in the exchange rates between the two currencies. This can significantly increase your profit and diversify your portfolio. Here are some of the most common currency pairs which you can find in the StocksCM Forex section:
- USD/EUR – while the US currency is referred to as one of the most popular currencies of the world, the euro is fluctuating as many factors are attempting to shake it – from the Brexit fallout to the potential new trade deal with the EU
- USD/JPY – the Japanese yen is one of the most alluring currencies because of its stability. Not many things can shake it down. That’s because the investors strive to buy it and keep it close in times of hardships
- USD/AUD – the huge environmental crisis that has shaken Australia for the past couple of months. Despite the floods and rainforest fires, the currency is successfully bouncing back.
In addition, you can also find the so-called “cross-currency” pairs. As the name would suggest, they do not trade against the dollar. Rather, they do it amongst themselves (the Japanese yen and the Australian dollar, for example). How did this tradition of comparing currencies to the US dollar come to be?
Well, the US economy is historically one of the strongest ones in the world. This tradition came to be after World War II when there was a lot of turmoil with the global economy. The US economic landscape, however, stood its ground for one main reason. And that is because they ensured all their national money through the reserves of gold. This way, if anything unpredictable would have happened, the US would still have a safety net to land on. This is how gold came into the spotlight as well – now it is a safe-haven asset for traders and investors. For starters, gold will never run out, not to mention – it’s quite stylish, too.
As you sail the unpredictable seas of market trading, you will notice your personal trading style forming along the way. This is a good thing – it helps you acknowledge your strengths and weaknesses and learn how to improve both. Typically, after some time passes you will be able to recognize 4 major types of traders which you can meet on your way, or become yourself:
- Position trader – this type of trader is quite a patient one. Namely, they can hold on to their position for months or even years. How is that possible, you might ask? Especially since there are so many new appealing positions to open every single day! Well, no one said you can’t have the best of both worlds. With StocksCM, you can open and close positions as you wish. Still, holding a certain position unchanged for a long time requires a lot of patience
- Swing trader – you can hold these positions for shorter periods of time, typically weeks. This way you can assess the market performance in a much closer range, and decide on your strategy accordingly
- Day trader – this type of trader is fast-paced, but not hasty. Rather, they assess their possibilities during a single day of trading, and a lot can happen in that time
- Scalp trader – this is an extremely hectic type of position to hold. Here, you take your chance and do your best within the minutes or even seconds! This adds up to a lot of excitement and appeal, not to mention quick profits.
Were you able to recognize yourself among any of these trading types?
We hope that this is one of the best Forex broker reviews you have ever read and bet that the mentioned-above information will help you to find your way with StocksCM.
New trading platforms are popping up at every corner. This is a good thing since it gives you plenty of options to choose from. However, are they all reliable? How can you, an up and coming trader, know who to put your trust in? After all, trading brings a lot of responsibility, aside from the excitement. And having a lot of different options can be a good thing. However, it brings out the challenge of picking the right one.
FXVC has been present on the market for quite a while. During that time, they had their ups and downs, just like any other business. We were researching through the comments and reviews made by the users from all around the globe. Then, we have decided it would be useful to dig in a little deeper into this platform and learn all of its good and bad sides, so you don’t have to. In the following passages, you can read all about our discoveries, and check out what we are talking about by visiting the platform, too. So, the question remains – is FXVC a scam? Keep on reading to find out!
Brand and Reliability
Since FXVC stepped into the spotlight back in 2014, their main goal was to establish the trust of their clients. That took a lot of time and patience. In addition, more advanced technologies and innovative approaches came that would differentiate them from the competitors. Since then, FXVC has built up quite the following in Europe first, as well as other countries around the globe.
Why is this such a big achievement? As you might have learned, Europe is quite a competitive market not everyone can qualify to enter. Ever since establishing the European Union, the harsh regulations are created to prevent any fraudulent activities towards their citizens. As a result, a new regulatory frame was created. Breaching it will lead to grave consequences in order to protect each client.
This is quite reassuring. While researching further, we have learned that FXVC is regulated by the Cyprus Security and Exchange Commission – CySEC for short. This is one of the strongest regulatory bodies in one of the toughest markets in the world. Their overall mission is to create a safe environment for traders. They do that by contributing to the healthy development and functionality of the world markets. They assure it by constantly reviewing and improving brands under their jurisdiction. Also, they keep adding innovative approaches while keeping what’s already been working well established.
What does this mean for you? While you can’t exactly contribute to the way FXVC does business as much a stronger regulatory body, CySEC provides you an assurance. In other words, if FXVC is a scam – they would be the first ones to call them out on it. You see, by breaking any of the regulatory body rules or principles brings out quite harsh punishments. And no platform would subject to that kind of scrutiny. Because once the trust is gone, it is impossible to repair the reputation and regain clients. Which is why FXVC stays ahead of it – by following the CySEC rules and contributing to their mission of creating better and improved market environment for all.
Trading Platform and Offers
FXVC aims to be innovative each step of the way, which is why they created their own proprietary platform. What does this mean, exactly? Well, when a company creates its own platform, it means that their advantages come into play with every moment you use it. This way, they are creating new and original ways to do business. In this case, FXVC’s own software is applying special security and regulatory measures to ensure the brand’s functionality, and your better trading experience.
Some may argue that the lack of the highly popular MT4 platform is a risky move, FXVC is aware of that. Rather, they try to add something new to the mix, which is quite admiring. The MT4 platform is one of the most advanced ones in the business. Still, FXVC would rather take a less-known road and see how it plays out.
Nevertheless, the trading platform offers to all its traders an opportunity to buy and sell over 300 different asset. They include stocks, currency pairs, CFDs and cryptos. They can be found in 4 neatly organized sections of their webpage, which shows how the securities are performing in real time. This is necessary especially with today’s technology, since you don’t want to miss out on all the excitement. Aside from this list, by clicking on each asset you can also be presented with the handy chart. It shows the growth and progress of that asset through time during a trading session.
If everything so far sound pretty satisfying to you, the next logical step would be to look for that “Register” button. It is set in the top right corner of the page, and by clicking on it you will be presented with a form. Here, you can enter a few basic information about yourself. This information include your name, country of residence and telephone number, as well as your e-mail address and unique password. You will use it each time you sign up to trade.
Furthermore, after filling out the form you will receive a confirmation e-mail in your inbox. After this, you will be all set to begin trading. Another important part of the registration process is the next step, which includes an investor questionnaire. Here, you will be able to input more detailed information about yourself, including education, amount of funds and your overall trading experience and goals. This is quite important, since it will help your broker have in mind which educational tools to provide for you and make your trading adventure even easier.
After you completed the necessary registration section of the webpage, you can find the bright green button marked “Deposit”. By clicking on it, you will be taken to a new part of the site in which you can choose the payment method in which you wish to make a deposit of funds to your account. They include bank wire transfers, credit cards and electronic fund transfers.
What particularly stands out with FXVC is that the processing of the funds is instant. In addition, there are no hidden fees or other commissions of any kind. FXVC is completely transparent with all their missions and processes, which makes it even easier to learn about them and establish the long-lasting relationship of trust and reliability.
In order to accommodate your every individual need as a trader, FXVC has worked long and hard to create different types of accounts suitable for your trading journey. As a result, you can find 5 account types, and choose from them accordingly to different parameters and trading tools they provide. And if you wish to switch to another one, you can do that in just a few steps, by fulfilling the required amount of money for deposit on your account.
Bronze is the basic type of account, which you can acquire by depositing a minimum of $2.500 in funds. This account provides you access to the research made by analysts and trading alerts which will guide you to making a smart trading decision.
A step above from bronze, the silver account can be yours by depositing a minimum of $5000. This will give you access to the more personal education tools including a connection to your broker and analytic tools such as market reviews and web calendars.
The gold account is available to you after you make a minimum of $10.000 deposit. It gives you access to all of the trading tools including e-books, video tutorials and e-mail and SMS notifications, so you can always keep up with the current market events.
The platinum account can be yours after you made a deposit of $25.000 or more, and you can use it to create a whole new set of advantages for your trading process. It also includes perks, such as lower spreads and even discounts on the certain fees and commissions.
The biggest gem of them all in the FXVC crown of jewels is the VIP account, reserved especially for the most loyal traders. With it, the opportunities are endless – from special educational courses to no fees on certain trading options.
All in all, you cannot be certain how things will turn out in the end. Since market trading is unpredictable, all you can do is hope that the skills you acquired along the way are enough to guide you when things get tough. And if not – having a trusting platform to lean on can get you a long way. We gave you with our analysis of the FXVC platform in hopes to make your decision easier and more prosper for your trading dreams. We hope we did our job well, by bringing you one step closer to achieving them.
Many successful traders reach a point in their careers when they start to consider opening their own brokerage firms. One of the first dilemmas they encounter is regarding the trading platform. For those not willing to invest massively in state-of-the-art servers and a comprehensive platform, there is another solution. Traders can easily hire the services of a company who offers forex White Label brokerage.
With the diversification of the global markets in the past couple of years, there are so many emerging possibilities for each trader and a specific business goal. Different assets including stocks, currencies, and indices can be traded on different levels of the market. This way, you can fulfill your trading adventure. Forex white label is a new and up and coming tool that is aimed at helping you do exactly that – drive your wildest trading dreams into an exciting reality.
In its core, a white label is a business strategy that allows you to take the best and the most useful features of a certain business plan or venture. Next, you can turn it into different types of plans with one common goal – to suit your trading goals. The white label was originally a way for start-ups to adapt to a wild and unpredictable trading landscape. Back then, it was led by strong competitors. This way, every business, and every client can have a legitimate chance to try and come on top. Simply by using tips and tricks that the market already allows.
As time goes on, the white label-type of business has become suitable for professional brokerages, too. What’s so special about it is trust and experience. In other words, the traders that were once starting out and had a safe guide and anchor within the white label system, are now trading pros! Because, if you have a perfect formula to fulfill your trading dreams, why change it?
Forex White Label Program is for individuals and institutions that desire to build a brand name and a presence in the Forex industry. Using a White Label solution means you are starting your own brokerage with a fully customizable platform. This way, your branding is fully on display. In addition, you are typically have access to many additional services like office and administrative support. The platform itself can be very user-friendly. It gives users the ability to interact, learn and automatically copy the trades from more successful traders.
Full ownership Vs White Label?
#1 question for all traders opening their brokerages is – Owning or Renting? If money presents no object, owning is the right move for your future business. However, owning your servers and platforms is a path not many traders take. When dealing with such a risky business, many opt-outs for the other, more optimal solution.
As modern trends suggest, many companies are deciding to employ those options that are more budget-friendly. By going lightweight, there is much more freedom is running your own business. Instead of purchasing expensive hardware, which is often tricky, you have the freedom to implement easily upgradable and transparent solutions on the go. By offering this service you can more easily adapt to market trends as well as the needs of your clients.
How do I choose?
By choosing While Label Solutions, you are minimizing the initial cost of starting up your brokerage. In addition, you will be facing much fewer logistical problems. This way a new brokerage is making the best use of the experience of a company that is providing a White Label service.
Even though initial costs or setting up a brokerage are smaller this way, there are some fees to be aware of. The main cost that the new brokerage incurs in a white-label agreement, is a monthly rental fee charged by the brokerage operator of your choosing. Furthermore, there is often an initial set-up fee, for an initial server equipment.
How much does it cost to run a White Label Partnership?
In addition to fees for setting up, branding and managing your platform, operating a private label is just like running any other business. There are expenses associated with it. Staffing fees are still likely to apply since it’s probably impossible to try to operate a white label partnership as a one-man show.
Depending on how you want to develop your business model, you could be looking into further investments. These include customer support, client education, marketing, accounting, management and even IT. However elaborate your business plan is, always keep budget in mind. The best way to prepare your company for long-term success is exactly that. You should aim to carefully manage your expenses from the very beginning.
What are the Advantages?
White Label types of business are cost-effective, which is one of the many reasons why so many traders turn to it. By cutting out the middle-man, it allows you to create your own business strategy in whichever way you see fit. It gives you the tools you need, and you can use them in a way you always dreamed of. As a result, today we have a variety of business strategies and platforms within the trading world, which attract different types of traders by fulfilling their goals. This is a great thing and a big improvement for the entire trading landscape. Today, the world of trading is more inclusive than ever and welcoming to both trading pros and beginners. If you are one, it is never too late (or too early) to start! Forex White Label is the most common way to adapt to the exciting ups and downs of trading.
What is Gray Label?
Gray Label is a toned-down version of White Label aimed at those looking to minimize their investment even further. In this arrangement, you obtain the Grey Label license from a White Label broker and the branding of the Grey label broker is separate from that of the technology. This is the more cost-efficient way of launching your new forex business. However, the downside of it is that users are not quite sure with two different brands. This will always be an issue. This applies especially when it comes to brand recognition and loyalty. Moreover, apart from the monthly fee or commission paid to the White Label solutions provider, there will eventually be another cost. In addition, you will have to deal with the hassle involving the transition to a White Label at some point.
In addition, there will always be ongoing costs such as commissions and maintenance fees. Gray Label’s solution comes with a significantly smaller set-up cost. However, its commissions are often drastically higher compared to the fees of a White Label. Most importantly by choosing While Label, you will not be losing time waiting to scale up your operations. From the very beginning, you grow your own brand as a company offering end to end solutions.
Choosing the right White Label partner
Choosing the best partner for your brokerage can prove to be a daunting task. Coupled with cost, the implementation time is another crucial factor to be taken into consideration. Investing in White Label solutions shouldn’t break your bank. However, it should provide your clients with a top of the range product.
Securing a flawless technical execution for your platform should be a top priority. Your partner should also be able to provide you with on-going support. This is possible to achieve via special training and scheduled platform updates that will keep your platform relevant. Selecting a good White Label partner will prove to be invaluable in the long run, so take your time and do your research.
Each aspect of theForex White Label strategy aims to be suitable for each trader, no matter who you are or where you come from. During years of experience on the market, there is pretty much nothing we haven’t seen. And that’s what’s so great about this whole experience. You are constantly learning and finding new things about yourself as a trader, and us as a company to guide you on that journey.
On your journey of developing trading skills, you will easily find yourself striving for something more, something bigger and greater. That is only natural. Since the trading world will pull you in with its allure and make you feel like anything is possible, but how can that be? Well, this is where Forex white label works its magic. Namely, within this system, you will be able to start your own brokerage and run it fully and solely under your own identity! This way, you will be completely independent and be able to run your own show however you please, suitable to your wildest trading dreams.
Industry momentum has been exponentially shifting towards a more lightweight approach over the past several decades. More companies are choosing to adopt White Label solutions as they have seen all the benefits it provides for all parties included.
To sum up, in most cases, choosing to go with a White Label partner could prove to be very lucrative. With a strong plan, you will be able to allocate your limited resources in the best possible way. When you select a partner that suits your needs, you will be able to focus on growing your brokerage in a much more efficient way.
With today’s fast-paced world of technology, keeping up with innovations can seem challenging at times. So many options for improvement and getting ahead in the world of business and trading are available. They are usually combining skills with experience and efficiency. When you’ve been on the market for quite some time you have learned your way around and experienced almost everything it has to offer. So sometimes you will find yourself wondering – what’s next?
Change is sometimes strange, often difficult, and all throughout quite uncomfortable. But this is how growth works! And when you reach your destination, you will feel so much stronger and more empowered than ever before. You will also be grateful that you got through it all. And for a successful trader who manages risks quite well, the next logical step regarding this would be to start your own brokerage.
How would that work? In the beginning, when the idea forms in your mind, you will have more questions than answers. And that’s only natural! That’s what FINOVATION is here for – to guide you through all the hardships while celebrating your achievements during your exciting trading adventure.
Is it Difficult?
Starting a brokerage is quite similar to starting any other business – it’s challenging but rewarding. Hardships may seem like a lot. But when you have the right tools and the great amount of support that Finovation provides, you are destined for greatness. Since everything begins and ends with you, you should always look at investment as an opportunity to improve and grow for yourself. Along the way, you will learn new skills. They vary – from negotiation and compromise to accuracy and analysis of important information regarding this exciting area of the industry.
Investing in yourself has more advantages than you may think. First, when you start your own brokerage, you should always keep in mind that you are investing your time, money and effort into yourself and the people you appreciate. You are not just handing it to some management group of people you don’t even know. This feeling is quite rewarding and it constantly gives back. Because, whenever you feel you’re in doubt, you have yourself to rely on. You will be included in every single part of this alluring process, creating it and adapting it to your needs, as well as market requirements.
Historically, brokerages were the only option for independent traders to try and establish themselves as powerhouses on the market against huge corporations. The market was always competitive, and in 1975 in the US, the corporations were leading the way in all the industries. In trading especially, all eyes were on them, while everyone else was forced to follow behind. With brokerages, however, every single person had a fair shot at creating something unique and special on the market. Simultaneously, they are making a great amount of profit by applying skills picked up along the way.
Today, one of the greatest features that come to mind when you start your own brokerage is significantly lower costs. When you take on the entire workload on yourself, you cut off the unnecessary fees and charges which you would otherwise have to give out. For this to happen, you will need a significant amount of capital to invest in your trading dream. This then draws the need for a skilled and focused team of professionals who are dedicated to your vision. This is where FINOVATION comes into play.
With our wide variety of business services, you will be able to design your own business plan and be able to start your own brokerage in no time. From marketing strategies to CRM and innovative payment solutions, you name it. FINOVATION is aiming to become your ultimate guide for all things related to market trading. How are we able to constantly stay on top, you may ask? Well, we have been around for quite some time, and we’ve experienced a lot of ups and downs. We combine the traditional approaches which we learned through years of experience with new and creative ways to run a business. At the same time, we are overcoming many obstacles along the way.
When you start your own brokerage, a new world of possibilities opens up to you. So far, you’ve only been able to experience the market from one side – by being a trader. You’ve watched your favorite assets go back and forth, up and down during trading sessions. You’ve worked hard and played harder, and it paid off. Now, it’s time to sit back and see what the market can do for you.
Your Own Platform?
You will still be able to invest in the assets of your choice, of course. However, in addition to this exciting chapter, you will be able to do something even more exciting. And that is – earning commissions from others using your own signature platform! How great is that? This way, you can design the trading platform of your dreams, and share it with the world! One of the biggest advantages of the fintech industry is that you can do it from wherever you are. By relaxing on the beach or sitting in your bedroom, in just a few clicks! Before this, you had to set up a physical company, which drew so many unnecessary spending. With FINOVATION , however, starting your own brokerage is more appealing and easier than ever.
What are some other advantages of setting up your brokerage? For starters, you will have access to the best and the most of what the world of technology has to offer. Faster execution and better connection with clients are just some of the many perks that we offer here at FINOVATION . We understand that you need to stay updated with all the innovations. That’s why we aim to help you do that by constantly improving your connection with our team. We are always available to you for every question you may have during this exciting journey.
With our top of the line CRM, staying connected has never been easier. When you decide to start your own brokerage, there are so many small details that will contribute to the overall image you are trying to create. So, in order for you to not get caught up into them and keep your eyes on the bigger picture, FINOVATION will do so for you.
Keeping Things Interesting
Staying on top of the game can be quite challenging, but we are not the ones to stray away from difficulties. Instead, we see them as opportunities to fill in the blanks we didn’t even know there were on the market. How do we do that? By combining years of experience with an ability to adapt to innovations. The same goes for each of our clients – we are here to help you be the best broker you can be, but it doesn’t stop there. Us, too, have an outstanding need to constantly improve ourselves and our business. So, whenever you grow, we grow with you and accept new challenges and welcome new like-minded traders into our global family.
When you decide to start your own brokerage, however, you should keep one thing in mind. You are entering quite a competitive environment of already established traders, brokers and global trends which move the market into several different directions daily. You never know what will happen next, but that goes for every business. That’s why you should focus on what excludes you from the crowd of the same-old. What is it that will make you pop in the eyes of your future clients? This feature, whatever that may be, will make you recognizable throughout the globe. Besides, it will ensure the trust of both partners and other traders.
Which Type of Brokerage?
Furthermore, there are two types of brokerage which you can consider setting up – the full-service option or a retail brokerage. When it comes to the first option, as the name would imply, you will be able to run all operations of the business. Not only trading services, but also transactions and other features that are included in day-to-day trading. This option also has a distinctive value that pops up right away. It will take some time for your brokerage to start from the ground up. That’s why you will need to create a carefully planned and detailed financial strategy that will serve as a safety net until you reach your final destination.
On the other hand, the retail brokerage takes a lot of the pressure off of you as an independent broker just starting out and trying to get by. This option minimizes risks while providing you with the best features available for decentralized brokerages. However, the bigger the risk – the bigger the reward. In this case, since you will not have direct access to the market, the chances for profit will be somewhat decreased. Instead, you will only access the market through other companies, and collect your profit through fees and commissions made by traders.
In the end, starting your own brokerage is as challenging as any other new beginning. At first, you don’t know more than you do. But as you keep going, the market will accept you as one of its own, helping you march to the beat of your own drum. And FINOVATION is always here to help you on that journey, however long it may take.
Foreign Exchange represents a process of buying and selling different national currencies. It is a relatively new section of the market that enables people from all over the globe to trade everything from Australian dollars to Japanese yens. And while this market is one of the largest in the world, there are still a lot of people who keep googling “what is Forex and how does it work?”. Here at GMChain, we gathered all the need-to-know information to provide you with a full picture of what FX is.
Many parties take part in the Forex trading ecosystem, including companies, central banks, hedge funds, investment management firms, retail brokers, and traders. Each of them contributes to the everyday functioning of this huge market.
Let’s crunch some numbers associated with Forex. Thus, as the statistics go, there are more than $5 trillion transactions traded here daily. It is 25 times more than global equities trading volumes.
Sounds impressive, isn’t it? We bet you want to learn more about how the Forex market works. Then keep reading to find out all the details.
Distinctive features of this game-changing trading platform
You may wonder what is so unique and special about the Forex market. Well, the primary distinctive feature of FX is the absence of one market exchange. Rather, it is a global network of both brokers and computers that tracks the overall growth and development. This highly structured system takes a lot of the pressure off, and more importantly, ensures safety and discretion for all parties. It helps to build a trusting relationship between the brokers and traders.
The Forex market is made up of two primary levels. One of them is the interbank market, where large financial institutions trade currencies on behalf of the clients. The other part is the OTC market, where traders can do their exchanges through online platforms, such as fxvc.eu.
One more distinguishing feature of FX trading is that you can get a much higher level of financial support here if compared with other instruments. The following information will come in handy if you want to learn more about how leverage works in Forex. In layman’s terms, leverage is the use of borrowed funds by traders who want to increase their positions. A borrowed capital allows accessing a larger portion of the market with a relatively small deposit. Thus, you receive a real chance to win a high return for a small up-front investment. However, it is worth mentioning that a trader is risking to lose as well. So, leverage is so-to-call a double-edged sword.
Forex trading – Everything from A to Z
So, if Forex trading is the new black, what are the top currencies on it? For starters, the US dollar is considered to be the most traded currency in the world. It is a part of 85% of transactions, with the euro trailing it with a modest 39%. What makes the dollar persist on the market despite difficulties?
Well, there are several key factors contribute to it. The US economy is one of the strongest ones on the planet, even in its worst days. Just think of the previous year. The trade war was at the top of the heat, and the US dollar was still able to rule the Forex market. No matter the geopolitical turmoil, this currency shows time and time again that it is here to stay. Not many things can spoil its worth. On the other hand, the Japanese yen is considered to be the so-called “safe-haven asset,” due to its stability and high liquidity. The investors usually turn to it in times of hardships on the market.
How did the Forex market come to be anyway? Before World War I, precious metals, such as gold and silver, were backing up the currencies. This system did not work during the war, so a new one came into play. First off, three new international institutions were created – IMF (International Monetary Fund), the GAAT (General Agreement on Tariffs and Trade), and the IBRD (International Bank for Reconstruction and Development). They were crucial in the transition from gold to international currencies, starting to rely on each other.
The Central Bank
Still, though, the dollar kept its value somewhat secure with the equal reserves of gold in its central bank. You may know it better as the Federal Reserve. Back then, however, when the Forex market just came into the spotlight, it was mostly aimed at governments and larger companies. Today, anyone trades here! You don’t have to be a part of a bigger establishment to fulfill your trading dreams. These days, many investment firms offer a unique opportunity for traders to distinguish themselves as valued participants on the FX market. When people learn how Forex trading works, they do everything possible to become part of this innovative system and scale their success.
The Forex market – A symbiosis between innovations and original approach
Boasting many years of experience behind its belt, FX is considered to be a unique trading platform on the market. It opens up the whole new world of opportunities for all market participants, including an ability to trade different assets and track their performance in real-time. What is more, numerous educational tools enable everyone to become a part of Forex while getting a stable income.
However, there is one more specific feature that makes Forex stand out. It operates 24 hours a day, 7 days a week, all around the globe. So, there is no need to rush or worry that you will miss something good. This significantly differs FX from other trading platforms. For instance, the stock market usually closes in the afternoon. However, others are trying to stay competitive, closing during the key hours of the trading day. This generates a whole new level of engagement with different types of traders.
Major currency pairs in the Forex market
So, how does Forex work? It is not only the place for all the transactions but also a crucial part of determining the value of a currency. Though many fractures contribute to it, such as economic and political, everything begins and ends with the market itself.
Currencies are always represented in pairs – for example, USD/EUR. There is also a value attached to it, which represents the amount of which one currency is expressed through the other one in that pairing. What is more, each currency has its value, which you can analyze through an index. The trading of currencies is accomplished with the help of lots – micro, standard, and mini. Through lots, each currency is different than it would be if you’d, for example, went to the bank and wanted to exchange one currency for another. Forex online trading is completely different from this transaction, though it applies similar rules when it comes to their main instruments – currencies.
The technologies behind the Forex trading system
Despite the market working around the clock, it doesn’t mean that whatever you do on it is a done deal. It takes a lot of hard work and thought-out moves to obtain the final result. In addition, the time of day you engage in trading determines the volume for the currency you choose. This information should be considered when one is deciding on the timing of entering the Forex market.
A special branch that researches the currency pairs and all that makes them unique is called Forex analysis. It aims to determine a direction a certain trend will go next. Of course, it is not an easy task to make such predictions. However, it is a source of state-of-the-art development as time passes, and new things on the market keep emerging.
So, traders, as well as companies and hedge funds, use Forex analysis to decide on their particular trading strategy. There are different ways to do this. While some analysis is manual, others require the use of computers and software that researches historical data. Either way, each independent trader is able to choose their own approach to the matter while we recommend combining both.
Forex trading – How does it work and what is the main objective in it?
Forex analysis aims to help you make a profit by predicting the currency pairs’ movements. There are currently over 150 global currencies, which makes this method somewhat tricky to come by. The most commonly used ones are euros (EUR), pounds (GBP), and the Australian dollars (AUD). Trailing close behind them are Japanese yens (JPY), Canadian dollars (CAD), and Swiss francs (CHF). Other currencies are not obvious right away but also quite important. You can check them out for yourself on the fxvc.eu. This platform provides a full list of available currencies.
Numerous other factors that affect currency levels. Everything from price movements to political and economic events may cause changes. The country’s level of GDP, inflation rate as well as employment statistics and the Central Bank statements may contribute to your experience in Forex trading.
What to know about Forex market analysis
Three most common types of analysis should be taken into account when it comes to Forex trading:
- Technical analysis. It assesses the past price movements of a certain currency. This analysis is aimed to predict where it will go next so you can assume your strategy. This way, you can recognize patterns more easily.
- Fundamental analysis. This analysis examines the factors that are affecting the economy of a certain country. Taking into account everything from the inflation rate to the gross domestic product, it helps to predict the future factors which may form and affect a certain currency.
- Sentiment analysis. This analysis is used to understand if people are buying or selling a particular currency, and which factors may be contributing to such behavior. It is also known as crowd psychology. In other words, people tend to reenact the behavior of those ones whom they admire or those with whom they have close relations.
The bottom line
The currency market is certainly one of the most exciting parts of any market. With many factors that contribute to it daily, it is no surprise that it is always open and welcoming to traders of different origins and trading goals. To succeed in a Forex trading career is much easier than you might think. All you need is patience, eagerness, and specific knowledge. So, if you’re ready to risk, you’re bound to succeed.
Learn How to Trade
Upcoming Free Seminars & Webinars