Monthly Archives: November 2018

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3 of The Best Forex Traders

In whatever field you are in or whatever interest that has captivated you, it is always great to hear about the most successful people in these fields. They can serve as inspiration and they also help show you that success is possible.

Let’s take a look at three of the best and most successful Forex traders.

George Soros

First of all, we have George Soros. He started his endeavors in the financial industry in 1954 as an employee in Singer & Friedlander, a merchant bank in London.

About 15 years later, her left his employee life behind with a wealth of information and experience. He then founded the Soros Fund Management group. The group managed hedge funds.

His name reached legendary status in 1992, when he garnered 10 billion by short selling pound sterling. Going against the United Kingdom, he eventually succeeded and gained close to a billion dollars. He was actually the first person to do so and holds the record for the highest earnings in a single day.

This victory earned him the nickname “The Man Who Broke the Bank of England.”

Paul Tudor Jones

Next up we have Paul Tudor Jones. Jones gained fame because of the prediction method that he had in 1987. At the time, he was looking at the volatile fluctuations of the market, especially the interest rates.

For the firm he has, he obtained as much as 15 percent of returns in the year 2013 due to his prediction method. He is also best known due to the film TRADER: the Documentary, which showcased the 1987 incident. If you haven’t seen the film or know about the incident, we suggest you check both out.

Stanley Druckenmiller

Finally, we have Stanley Druckenmiller. His success came about due to the German Mark’s fall in 1980. With diligence, he observed the situation and understood that it was quite undervalued. He took it as a sign to proceed to purchase it.

He earned as much as 60 percent for his Quantum Fund.

These are only a few of the best Forex traders throughout history. These are only people too, which means that success can come to anyone.

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Top 2 Apps for Forex Traders

Most of our lives today are enabled and supported by the many applications (or apps) that can be easily enabled from the Android or Apple markets. If we want to exercise, there apps that provide exercises and even keep track of how many pounds that we have lost.

For aspiring writers, there are apps that share motivational quotes from writers and others that provide writing prompts that help people write.

This goes the same for trading in the Forex. There are a great number of apps that can help in the Forex trading endeavors. Let’s take a look at the top two apps for Forex traders.

Thinkorswim

Thinkorswim

The first app we’ll be looking at is called thinkorswim mobile. This is one of the most popular trading apps out in the market right now. It was actually created by a brokerage company called Ameritrade.

First and foremost, it can be used for trading in itself. It serves as a platform for your trading needs. Through the simple interface in the app, you are able to trade currencies, stocks, and more.

Apart from that, the brokers also upload charts and update it regularly. These charts can help you read the market better and make more informed decisions. There is also an area you can access that gives shows you the latest news from around the globe.

Monitor where you are at in the market, learn from current events, communicate with your fellow traders, and trade all through one app.

Trade Interceptor

Trade-Interceptor

Another good trading app in the market is Trade Interceptor. There are a multitude of option available to you. First you will have the ability to trade currency pairs. You can also trade commodities and binary options too.

There are also a host of technical charts on the app that you can use to learn more about the current market and apply it to your trading.

Perhaps one of the biggest and best features is how you can simulate trades to see how your strategies would go. These simulations use historical data.

These are only a couple of the best apps for Forex trading. Do try these and see which fits for you.

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4 Reasons Why the Forex is the Best Place to Trade

All the people who are interested or participate in trading have one thing in common. It is gaining the most amount of money possible. Thus, people try to find the right market to trade where they have the right leverage and knowledge to do this.

However, majority of the people turn to Forex for their trading. In this article, we’ll be exploring several reasons why the Forex is the best place for you to trade. Let’s begin.

It’s Accessible

The first reason why people like trading in the Forex is that it is very accessible. It is actually the most accessible market in the world right now.

For 100 American Dollars, you can start trading in Forex. If you compare this money requirement with other markets in the world, you’ll find that this is actually quite reasonable.

Apart from the money requirement though, the accessibility of Forex lay in where you can access it. With a computer and internet access, you can easily open up your account. There is a registration process where you need to sign up, submit necessary documents, and make an initial deposit into your account.

Afterwards though, you are good to go. This accessibility makes it so there are so many people in the market.

Bonuses

When trading in the Forex, you will most likely do so with the help of a broker. The brokers have considerable leverage in the market that you can take advantage of when you sign up with them. Due to this leverage, a lot of big quality trades can take place for a minimum price.

Most brokers offer bonuses for signing up with them. This bonus will be deposited into your account. Apart from that though, they also offer promotions as well. One such promotion is that you can have withdrawable points for your trades.

It definitely adds some fun to the trades.

Support from Peers

The fact that there is so many traders in the Forex market means that there is a community out there. There are a lot of groups and communities that rally together in order to provide tips or insights that can help guide each other towards success.

It is easy to find experience people who can help you out with your Forex trading. S

Its Volatility

Perhaps one of the biggest reasons to trade is the volatility of the market. This means that it has a tendency to go up and down quite easily. This is favorable for traders as it is the primary way for traders to turn a tidy profit.

These are only a few reasons why you should trade in the Forex market. We do hope you try it out.

What is Forex Trading

From Visually.