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The forex market being the largest market in the world, the investment in the currency trading is continuously increasing. As there is always risk associated with the trading, well versed knowledge regarding going trends in the forex market is very essential. There are many other factors that need to be regarded while trading. Thus to avoid the risk due to the unawareness to the trading system, trading through the broker will bring many benefits to the trader.

The broker using the model name STP (straight through processing) is known as the STP broker. The STP brokers act as the mediator between their client and their connected liquid providers which can be bank, another broker or any investor, etc. This is the electronic process, where the client places their order to the broker and in turn brokers will directly place their client’s quotes to the liquid providers. The broker will then find their appropriate liquid provider and ask the liquid provider to execute the deal. The brokers earn profits through the fixed commission charged by them for the single trading. Thus the more trading volume carried out by the client, the more commission will be earned by the client. The commission charges vary as per the different STP brokers.

Sometime, the STP brokers also acts as the market maker in which they try to manipulate the ask/bid rate obtained from their liquid providers to gain some profits. They will find the liquid provider with the appropriate bid/ask rates and change the pip value of the given quotes by few units say 0.3 to 0.5, before presenting that quote to their clients. The difference in the increase of the spread will be the profit for the STP brokers. Thus adding the mark up to the received quotes, there is the scope of getting the varying spread every time.

As the STP brokers can process the clients order without any intermediation, they are considered as the non dealing desk brokers. So there will be no delay in the processing of the clients orders and will provide the transparent trading system, where the clients are assured that their orders are routed to the real market, instead of artificial market. Also due to the less processing time, there is also the less risk of settlement. This is the main reasons behind the selection of the STP brokers by the clients. Also through the STP brokers, the clients can get the chance to trade on the competitive bid/ ask rates, due to the presence of wide range of the liquid providers who can also provide client more liquidity.

Thus there are many benefits of trading through the STP broker. Certain brokers also provide other services like everyday market trends, guide to trade, etc. But along with the benefits, it is also need to take care that the STP broker, you are selecting is the true STP broker. Because there are many brokers available in the market, which does not transfer the clients order to the true market. Thus the selection of STP broker should be done very carefully.

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In the financial sector, having a fluctuating currency which is not only predictable but also unstable is one of the greatest aims. When there is a sudden drop in the value of a currency, a number of negative effects on the market follow.

This is exactly what happened on January 15, 2015 when the Swiss National Bank (SNB), removed the cap that had been placed on the franc against the euro. But what are the consequences of this action? What is the future of the forex industry? Let’s discover the answers to these questions in this article:

One of the industries that will be hit the hardest by this move is the Swiss export industry. The exporters have suddenly found themselves in an undesirable position as their products command less competitive rates in the overseas markets compared to what they commanded before the cap dropping. This has led to the drastic decrease in the price of shares and hence resulting in losses by the stockholders.
This move has also laid fertile ground for the central bank’s opponents who are most likely going to oppose any such drastic moves in the future. This has already been experienced in the past when in December of last year, a referendum was held in order to convert a majority of the bank’s foreign exchange into gold which is more stable. Even though the initiative failed, the latest move by the bank has given the opponents enough power for any future campaigns.
The SNB’s monetary policy will have a ripple effect on major financial institutions in other countries. It will make markets quite skeptical on whether such policies in other institutions will stand the test of time. It would therefore discourage investors from pumping their money into the forex industry. With reduced investor confidence, less money will flow into the forex industry thus decelerating growth in the sector and effectively slowing down economic growth in other sectors as well.
Another prominent predictable effect of this move is the fall of the Swiss stock market. Most investors were shocked and caught off guard by this action and have continued to sell their equities and shield themselves by running from the franc itself or gold. Even those who are still holding onto their equities are mostly doing so in anticipation of the stabilization measures they expect from the SNB as well as the European Central Bank to undertake.
This move may also work against the strides made so far in the recovery of the global economy from the 2008-09 recession. According to the International Monetary Fund, this action may result in the Eurozone and Japan being held in a world of slow growth and low inflation for prolonged periods of time.
This would be a blow to the health of the global economy whose growth is still too brittle, too low and too lopsided to withstand such situations. So, the forex industry needs to pay a lot of attention in making itself successful.

http://www.commexfx.com/future-forex-industry-swiss-francs-cap-sudden-drop/

The Forex market is fast becoming a focal point for millions of new entrants due to its unique and extremely beneficial qualities. We are seeing a wave of people that have learnt how to make clever investment choices in order to benefit from the market. However, going long and going short are two strategies in Forex that may take slightly longer to grasp, but once a thorough understanding has been reached you will be able to make clear and crucial decisions in order to be profitable. Below we will examine the two main strategies mentioned in detail in order to clarify.

Going Short

This trading strategy is when we sell the base currency in order to buy it at a later stage when the price begins to drop, thus gaining return from the transaction. For example, if the current GBP/USD is 1.5345 meaning we pay 1.5345 Dollars for one Pound Sterling, and we have $1000 dollars, we would sell the Dollars in order to purchase the Pound Sterling. This is carried out when one anticipates the cost will once again drop in a short period of time. Once the price drops for example GBP/USD drops to 1.5350, this implies that more Dollars can be purchased with the same amount of Pounds that we obtained in the beginning. In other words one can keep the additional Dollars as profit, which he simply earned by considering the dollar as the base currency.

Risk in Short Position

As with all financial markets, forex has the same amount of risk involved. One can expect the risk of prices going in the exact opposite direction than originally expected, causing you a loss instead of profits. For example, if the GBP/USD gets to 1.5340, one would not even get the same amount of Dollars that he sold initially. This strategy is only profitable if prices drop.

Going Long

In the Forex Market, going long refers to buying of currencies with the intent of reselling them at a later stage once the price increases. Should one notice an increasing trend of a currency for a long period of time, then buying would be the correct option and keeping the trade open until we see the price reach its maximum point before reversing. For example, GBP/USD is showing an increasing trend for the past few hours or days and the current price is 1.5400 and it is increasing in price, then you can sell the Dollars to purchase the Pounds and wait for the prices to get to the desired level. You could sell when the price gets to 1.5500 and that yields you more Dollars than your initial investment.

Risk in Long Position

There is the risk of the price declining once you have purchased the currency. In this situation, your loss would equal the difference in the price at the point which you bought the currency and the price at which you are selling it. Regardless of which position you open or the investment in Forex market, all you have to know is the market trend and the economic conditions of the base currency.

http://www.commexfx.com/going-short-long-strategies-successful-trading-decision/

In the financial sector, having a fluctuating currency which is not only predictable but also unstable is one of the greatest aims. When there is a sudden drop in the value of a currency, a number of negative effects on the market follow.

This is exactly what happened on January 15, 2015 when the Swiss National Bank (SNB), removed the cap that had been placed on the franc against the euro. But what are the consequences of this action? What is the future of the forex industry? Let’s discover the answers to these questions in this article:

One of the industries that will be hit the hardest by this move is the Swiss export industry. The exporters have suddenly found themselves in an undesirable position as their products command less competitive rates in the overseas markets compared to what they commanded before the cap dropping. This has led to the drastic decrease in the price of shares and hence resulting in losses by the stockholders.
This move has also laid fertile ground for the central bank’s opponents who are most likely going to oppose any such drastic moves in the future. This has already been experienced in the past when in December of last year, a referendum was held in order to convert a majority of the bank’s foreign exchange into gold which is more stable. Even though the initiative failed, the latest move by the bank has given the opponents enough power for any future campaigns.
The SNB’s monetary policy will have a ripple effect on major financial institutions in other countries. It will make markets quite skeptical on whether such policies in other institutions will stand the test of time. It would therefore discourage investors from pumping their money into the forex industry. With reduced investor confidence, less money will flow into the forex industry thus decelerating growth in the sector and effectively slowing down economic growth in other sectors as well.
Another prominent predictable effect of this move is the fall of the Swiss stock market. Most investors were shocked and caught off guard by this action and have continued to sell their equities and shield themselves by running from the franc itself or gold. Even those who are still holding onto their equities are mostly doing so in anticipation of the stabilization measures they expect from the SNB as well as the European Central Bank to undertake.
This move may also work against the strides made so far in the recovery of the global economy from the 2008-09 recession. According to the International Monetary Fund, this action may result in the Eurozone and Japan being held in a world of slow growth and low inflation for prolonged periods of time.
This would be a blow to the health of the global economy whose growth is still too brittle, too low and too lopsided to withstand such situations. So, the forex industry needs to pay a lot of attention in making itself successful.
http://www.commexfx.com/future-forex-industry-swiss-francs-cap-sudden-drop/

The financial sector, especially the banking subsector; has a lot of players involved. However, not all these ply their trade in the honest manner they should. This leaves many people wondering if they are actually bankers or thieves in disguise.

This article seeks to address this question by focusing on a number of illegal activities that have been done in the past and are still being perpetuated by some banks, albeit under the table. These include:

Charging Negative Interest Rates

Normally, depositors usually expect the money that they deposit in banks to gain interest over the period of time that it is kept there. However, this is not the case when some banks decide to do just the opposite: they charge for depositing money with them.
This has been done in the backdrop of economic instability such as the current situation in Switzerland, where the Swiss National Bank is charging a -0.25% interest on large depositors. This and similar moves by such institutions discourage investors, as it passes the burden of poor economic policies by the regulators on the bank clientele.

Trading Toxic Debts

This is another activity done by banks that very much disadvantages investors and reduces their confidence in the institutions. It has been likened to corporate gambling.
The practice involves loaning out money to people or companies that have little chance of paying back the debt at all or with interest. This may lead to an economic crisis and massive financial loss.

Creating Fake Investment Sectors

This is a practice that is against international security laws and involves inducing investors to make sale or purchase decisions based on fictitious information, thus leading to the investors losing their money or stock.

False Financial Reports

Often, financial institutions have been found to produce and present fake financial reports that are either aimed at hiding some illegal activities that go on in them, or to portray themselves as being in a better financial position than they actually are.

Money Laundering

Moving money from the underground to the mainstream economy as well as tax evasion maneuvering acts are sometimes executed with the help of banks which pass the money through their chains. This works against the mainstream economy as the appropriate tax money is not injected into the economy. It also serves as a means of funding criminal activities.

A case study is how it has just been alleged that HSBC was involved in a tax evasion scheme that saw its CEO shelter millions of pounds in a Swiss Bank account.

Running Away From Taxes

The banks themselves have sometimes been involved in illegal activities aimed at shielding them from taxes. One such example is the BMP scandal which exposed massive irregularities in the sector.

Ponzi Schemes

The Ponzi scheme involves banks paying dividends to older investors using the capital that has been invested by newer investors instead of the profits that they have rightfully earned.
One of the well-known example of such activity was the massive Ponzi scheme at Goldman Sachs investment bank, where the conglomerate was ordered to pay up to $10 million as claim to all the investors who had fallen victim to the fraud.

http://www.commexfx.com/bankers-or-thieves/

Trading in forex being mainly a speculative practice, can be quite demanding on the trader. However, not all people wishing to do so may be financial experts or adept at analyzing the complex forex data. All they want is to place their currency where there can be maximum returns with little effort. This is where forex trading systems come in. They help you do all the hard work.

Benefits of Using a Forex Trading System

There are several benefits associated with utilizing these systems for trading in forex. Some of these include:

Quick analysis- Since these systems are computerized, they are able to do complex market analysis in the twinkling of an eye. This saves the trader a lot of time and energy which could have been used if they did it manually. Furthermore, these analysis are highly accurate and are displayed in graphs or tables that are easy to synthesize.
Trends- the systems are able to model possible future trends in the forex market by use of historical and current data. This enables the trader to get a rough picture of how the market may fair, thus enabling them to make the best moves and employ the most effective strategies in response to this output.
Unlike us humans who can get carried over by emotions such as greed and fear, a forex trading system places trading orders purely by analysis of data to come up with the best. This ensures that you only trade in shares which will most likely rake in profits.
Frequently Asked Questions Regarding Forex Trading Systems

Many people wishing to start using or even those already using these systems have a lot of questions regarding them. If you are one of them, have no worries, for you will find this section extremely helpful as all these queries will be answered in a very clear and detailed manner.

How Do They Work?
This is the most basic question that most people have concerning the systems. These systems simply operate by analyzing the forex market activity. It identifies market signals that lean toward the inbuilt profitability parameters. It then automatically broadcasts an alert signaling a buy or sell before making the trade.

Who can Use them?
The software just like many others out there are not limited to professionals in the financial sector or IT gurus. Even newbies in stock trading will find the software really useful in enabling them to make trades.

What Currencies do the systems Trade In?
The systems are designed to trade in the major currencies that are used in global commerce. These include the US dollar, Pound Sterling, the Euro, and the Japanese Yen among others.

Do they have User Support?
The best forex trading systems come with a comprehensive user support center that will offer you any technical or service related assistance in case you get stuck. Furthermore, most have online help platforms on their websites to solve all your problems. This is especially useful to beginners and newcomers.

http://www.commexfx.com/benefits-of-using-a-forex-trading-system/

Trading in shares on the stock market is one of the most important activities in the global economic sector today. This is due to the fact that it not only enables companies to raise capital, but also gives the traders an opportunity to get a piece of the profits gained by the companies whose shares they invest in.

For traders, there are two directions they can choose to go when investing in shares: Traditional forex trading or spread betting. These methods have a number of similarities and differences that may act as a guide to the trader depending on their needs. In the next paragraphs, we discuss some of these aspects with an aim of comparing and contrasting the two.

Definitions

The logical point to start at would be to define each method since by definition, they are quite different. Forex trading involves buying and selling of the shares of the companies listed on a given forex market.

Spread betting on the other hand refers to speculative betting on such shares by placing a bet whose outcome depends on whether the future price of the shares increase or decrease.

Leveraged trading

Given that spread bets are leveraged products, it makes it possible for a trader to gain exposure to large share values by investing with only a fraction of that value. For instance, to spread bet on Vodafone shares, a trader needs to invest about 5% of the stock value for that number of shares only.

In forex trading, the trader has to invest the exact amount of money that is needed to purchase a certain number of shares. In this context, it requires more capital than its counterpart.

Commissions charged

Forex trading of shares usually attracts commission which is a percentage of the total stock value traded; it is charged by the stock brokers.

Spread betting however does not attract any commission charges whatsoever. The trader gets to earn the whole amount of cash of the stock they invested in.

Capital Gains Tax and Stamp Duty Charges

For spread betting, the trader is neither required to pay any stamp duty charges nor any tax on the capital gains.

Forex trading does not attract stamp duty but the trader is charged a capital gains tax. However, losses are considered as tax reductions.

Expiry

Spread bets do have expiry bets that are fixed to specific timelines. After these dates are reached, the investment is no longer active.

Forex trading do not have any expiry dates (except binaries, options and forwards), thus enabling traders to hold onto and gain from the shares for decades.

Physical Ownership

Stock traders gain physical ownership of the company thus the ability to attend AGMs and hence participate in the formulation of company policies. The more shares one holds, the more influence they have.

Spread betters do not have such privileges since it is simply speculative.

Profit Gains

For stock traders, one can only gain profit when the value of their shares appreciate. They suffer a corresponding loss when the price falls.

Spread betters have the ability of going both long and short- and can therefore bet and gain from either a fall or a rise in share value.

http://www.commexfx.com/forex-vs-spread-betting/

Over the last decade, there has been a great surge in the development of internet technologies thus increasing accessibility to several people throughout the world. This has in turn led to an increase in financial activities taking place over the internet, known as virtual finance. These services are offered by traditional financial institutions such as banks and stock brokerage firms as well as newer institutions such as online payment services which are sorely based on the internet.

There are many aspects of virtual finance that make it such an attractive medium that it is today. However, it also has some cons which may discourage people from widely embracing them. These two aspects are what will be focused on in this section article. Keep reading and learn more!

Advantages of Virtual Finance
There are innumerable pros that are associated with virtual finance. Some of these include:
Wide Accessibility- Have you ever decided to go and visit a land based financial institution but found it impossible to summon the energy to do so? If you have had this experience, virtual financial institutions present you with a very practical solution and one that demands next to nothing in terms of the energy required on your part.
This is because you can be able to access their sites from anywhere in the world and at any time without having to worry about travelling expenses or time. All you need is an internet connection.

Ease of movement- Most people on average, deal with more than one financial institution. However, moving from one land based financial institutions offer a great challenge due to the physical barriers and the time constraints.
Virtual financial institutions eliminate this since with them, one can move from one institution to another with ease by just the click of a mouse to open new tabs. This enables one to be engaged in several financial dealings simultaneously without any constraints.

Fast service- If you are familiar with most land-based financial institutions then you are aware that more often than not there will be a queue that you have to join when seeking services. This is completely eliminated in virtual financial institutions, where you will get the transaction you want done completed in the blink of an eye without waiting for long, which saves you time.
Availability and mobility- This is one front on which the virtual financial institutions are very advantageous. Unlike land based institutions which have set times at which they close, the virtual ones operate 24/7, 365 days a year on any device with internet connection.
Disadvantages of Virtual Finance

Notwithstanding the above pros, virtual finance also has some cons associated with it. These include:
Security- This is the biggest concern to most people. This is because their virtual accounts may suffer phishing, malware and hacker attacks thus leading to losses.
Personal relationship- With physical finance institutions such as banks, one has an opportunity to create a personal relationship that may last for many years with it. This is not the case with the virtual institutions as their dealings are purely transactional.
Transaction issues- Some transactions and problems are better addressed on a face to face basis. Virtual finance does not offer clients this as all transactions are based on the web.

http://www.commexfx.com/pros-and-cons-of-virtual-finance/

Gold is one of the most popular commodity assets, as well as being the highest valued precious metal. The gold bubble, which refers to the high market activity it attracts, is a millennia old due to this popularity. The Swiss Franc on the other hand is one of the eight basic currencies that are widely used in the global forex market.

With this in mind, it is quite obvious that the value or price of one will without an iota of doubt have an effect on the other in one way or another, directly or indirectly. This article focuses on how this has been the case in recent times and how this has in turn had effects on the global forex market and economy.

The Beginnings of the Swiss Franc Value and the Gold Bubble Price
The forex market is subject to several market forces that are mostly beyond the control of financial institutions such as the Swiss National Bank (SNB).To compound matters, the bank recently enacted unsound policies that resulted in the ballooning of Switzerland’s balance sheet from 100 to 500 billion in just over five years so as to hold the Franc down against other major currencies. This value represented about 2/3 of the countries’ GDP.

This situation was especially dangerous for Switzerland who over the years has been a poster child of good economic policies, with the franc having been on a constant appreciation against other currencies. This, combined with its largely export-driven economy made it one of the most dangerous economic situations ever experienced by any country since the Great Depression.

Compensatory Measures Taken
In the wake of this looming disaster that may have seen the collapse of the Franc, the Swiss people went on a referendum in an effort to tap into the gold bubble as an alternative to the paper currency. The November 2014 vote had a 3-point agenda on which the Swiss had to vote on:

Returning the Swiss National gold held offshore back to the country
Compelling the SNB to hold at least 20% of the their assets in nothing other than solid gold
To prevent any further sale of gold.
With stiff opposition from both the Swiss government and the SNB, the Swiss people returned a ‘No’ vote thus maintaining the status quo at that time.

The Aftermath
Following the referendum results which prevented the widespread use of gold reserves, the SNB got a chance of taking other recovery measures to make the Franc more stable. The action it took was to remove the 1.20 EURCHF cap that had been set in late 2011- a time when the gold bubble had hit an all -time high. This made the franc fall below 1.0.

The move did not come without consequences. The value of gold once again soared as stock traders escaped the hit to hedge themselves against the losses resulting from the currency’s devaluation. Also, greatly affected were the Swiss manufacturing industries which experienced massive losses on their exports.

http://www.commexfx.com/the-gold-bubble-price-and-the-swiss-franc/

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Trading in Forex is one of the best ways to invest your time and money. However, it’s a proven fact that anyone can learn Forex but only a few can make profits. Forex Trading is a business activity just like any other; you either gain or lose. That’s why, it’s highly advisable to educate yourself about how to “trade currencies for profits” if you really want to succeed in the forex market. Here are a few tips that will help you learn Forex Trading with much ease.

Always have a Back-up Income for Security Reasons
Although Forex Trading is a lucrative way to earn huge sums, there is a high risk of losing capital. In Forex Trading, sometimes it’s hard to predict the outcome. We’ve heard about people who have lost a great deal of money and ended up being broke. The truth is, it’s all about taking risks and having an alternative source of income is highly advisable especially to the beginners.

Instead of Experimenting, Follow the Conventions
As stated earlier, Forex Trading is all about taking risks. However, there are various trading rules that one must not break. Remember that Forex Trading does not favor anyone. That’s why, making even the slightest mistake can cost you a lot. The best way to do this is letting the loss to come naturally without being triggered.

Don’t Engage Yourself in Competition
Each trader follows his own theories and beliefs while trading. Thereby, some traders are willing to take more risks while others will decide to play a fair game. It’s up to you to do you trade based on previous experiences than following what others are doing.

Practice the Trade Regularly to Gain Experience
The only way to gain experience is by practicing trading. There are no shortcuts to success in Forex Trading. Practice enables the trader to make the right decisions in order to trade effectively.

Don’t Increase the Risk Levels After Seeing Some Positive Signals
The biggest mistake that most traders make is increasing the risk levels immediately after a few successful trades. It’s important to focus on whatever appears to have stronger fundamentals instead of trading based on successful performances.

Overconfidence Will Only Reduce Your Chances of Survival
In Forex Trading, the chances of surviving for an overconfident trader are minimal. The truth is, in this trade, there are good and bad times which are hard to predict. The best thing is to learn from your past experiences and apply the right tactics during your venture.

Stop Wasting Time on Excessive Research
Most traders waste valuable time and money researching and using several approaches to the trade. Instead of over experimenting, the best thing to do is to use a particular approach and proceed in a systematical manner.

Adopt a Simple System
The only way to survive in Forex Trading is by using simple systems instead of the complex one because it’s easier to get better results in the end.

Never Exaggerate Your Achievements
Just like with all trades, it’s always good to stay humble even during good times. The problem with some traders is that they have the tendency of exaggerating their achievements but do not open up on their failure. This makes other people assume that all is well and may not assist you in any way.

Always Take Some Time Off
Trading can be a daunting task, especially the depression that occurs when losses are incurred. Your mind may become overworked and you may develop health problems. Always ensure that you are getting enough time to relax your body and mind.

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CommexFX gets atop the contenders with the diversified trading strategies, maximum client satisfaction and no hidden policies and procedures. From lowest spreads in the markets to the very option of copying other traders online, CommexFX makes its mark on the Forex Trading market. Being licensed by the CySEC, a user can rest assured to be working with a trusted and a regulated FX broker.

When it comes to the best of the FX market offers, CommexFX carves new ways coming up with the state of the art technology woven with robust technical expertise. With both live and a demo account, a user is never left deserted to lose the money. Bagging expertise with demo one assures welcoming good amount of profit.

In this CommexFX review, we’d go through where CommexFX stands out of others and how it can boast of being the best. Right after its launch, it has managed to grab the honorable awards like Best ECN Newcomer Asia in 2012 in addition to being the Best ECN Forex broker. Moreover, it has also garnered the Best Online Trading Platform badge. Let’s take a look at some of the best things to go with ComemxFX that would tell you why you need to choose it over others.

Here we go:
MT4 trader platform makes it easier than ever before to place trades. No complex and complicated figures and steps are involved. Moreover, it is also multi-terminal. The users can easily copy other traders with courtesy of MyFxbook Autotrade which is a socially connected platform offering the members to copy other ones who are already successfully making good bucks out of their FX trading on CommexFX.

Mobile trading allows the users to place their trades on the go. Users can work it out on all of the major Mobile Operating Systems like iOS, Android, Windows and Blackberry. Users can open and close a position, monitor the performance live and produce the activity reports while trading within a lucrative ECN/STP environment.

One of the best features of this latest CommexFX review deals with literally very low spreads. Other FX brokers in the market offer different spreads for different types of account. This discrimination won’t harm you whatever the size of your account is. The spreads offered are lowest in the market. The faster and prompt execution of trades makes the users comfortable with no chance of manipulating the prices as users have direct access to the live prices on the dashboard.

The CommexFX manages to secure and segregate the clients’ funds where it deposits the same with globally recognized and trusted banks. It is also a member of the ICF that assures the safety and security of the clients’ funds. Transferring your funds has never been that easy as CommexFX offers a smart card for the same.

The help desk is available 24 hours a day and 5 days a week. Imagine what you expect out of the best brokerage services, CommexFX has everything to offer. From a robust affiliate program to the best online trading environment, CommexFX has been tailored to meet your custom requirements. This CommexFX review brings to light all what you know.
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Forex Trading requires discipline, hard work, as well as, determination in order to be a successful trader. Most people have tried their hand on the trade, but have ended up with huge losses. The truth is, there are risks involved in forex trading but the real gurus know what it takes to be a winner. If you are a newbie in Forex Trading, you need to follow certain strategies in order to be successful.

To be successful in this field, you need to learn from other professionals who have made immense success in trading. There are various people around the world who are recognized for their expertise in this field and are included in some of the most successful traders in the world. Below is a list of some of the renowned forex traders who have made it through the good and bad times to be successful.

Bill Lipschutz
Bill Lipschutz was a brilliant student who had excellent mathematical skills. The New York born trader received his Bachelor degree in Fine Arts from Cornell College and then acquired a Masters Degree in Finance in 1982. His interest in stocks started during his college years where it’s said that he invested $12000 in stocks, which grew up to $250,000 after only a few months. Despite the huge achievements, Bill is said to have lost all his money to stocks but later shifted to Forex Trading, which was more stable. Bill is now a famous trader in the financial sector and is estimated to have made $300 million in a year by trading in the Forex market.

George Soros
The graduate from London School of Economics shocked the world when he made $1 billion in one day. When he gained $10 billion dollars, he was nicknamed as “the man who broke the bank of England.” George is a renowned author of investing books and is also a philanthropist. He is also said to have donated about 8 billion dollars in charity.

John R.Taylor, Jr.
John enhanced his trading skills at the Chemical Bank where he was working as a political analyst. He, then, became a Forex analyst for the bank after one year. This gave him the opportunity to build a strong foundation in the Forex Trade field. Today, the Princeton University graduate is the owner of a currency managing firm, FX concepts, and is also recognized for inventing computer-aided Forex Trading systems.

Stanley Drunken miller
After graduating from Bowdoin College, Stanley, he worked as an oil analyst for the Pittsburg National Bank. He, then, left his job at the bank and created the firm namely Duquesne Capital Management. It was at this time that he started working for George Soros, a successful Forex Trader, where he learned his trading skills. During his time with George, he is said to have earned both himself and Soros over $1 billion. He, then, returned to Duquesne in 2000 and is working there till today. He also owns a non-profit organization which is dedicated to educate people.

Andrew Krieger
Andrew became famous in 1987 when he sold the New Zealand currency between the value of $600 million to $1 billion. The value exceeded the money supply circulation in New Zealand at that time. Andrew earned $300 in revenue from the single transaction. In 1988, he worked for the Soros Management Fund and later moved to Northbridge Capital Management. He is also a philanthropist and is said to have made $350,000 donation for the tsunami victims in 2004.

http://www.commexfx.com/the-top-5-most-successful-forex-traders/

Trading in the Forex market largely depends on your mindset. Your success or failure in the trade highly depends on your mindset. This means that if you do not have the right mindset, you will not be successful in making profits no matter how good your strategies are. The truth is that most traders often ignore this fact, or are simply unaware of how important it is for them to succeed in the Forex market. If you are not sure how to go about it, here are few tips that might help you develop a profitable Forex trading mindset.

Have Realistic Expectations
We all know the risks involved in Forex Trading. Sometimes, the business is so good that you might end up thinking that things are always the same. That’s the biggest mistake that a trader can make. Setting high expectations when you are just starting out will only discourage you especially after incurring severe losses. You need to accept that you might lose the money in your trading account and thus, you have to be prepared for it.

Be Organized and Have a Clear Plan
Successful traders always have a plan. With a trading plan, you can plan out the things you intend to do and what you should be looking out in the next trade. You also need to have a trade journal where you can record all your trades and use them to see your progress. The journals should also contain your long-term and short-term goals and how you plan to achieve them.

Be Patient
Most people get into Forex Trading with the aim of making quick cash. What they fail to realize is that quick money comes and go easily. It’s better to start doing your trade in the small daily charts instead of investing huge sums expecting to grow rich in one transaction. It’s better to wait for some time to place an order only when the price set ups are worth taking the risk. Also, remember that with trading, it’s all about winning or losing. You have to be prepared for anything.

Be Accurate in your Selection
Your experience in trading helps you discover what’s effective in making profits and staying away from what does not work. You need to be extremely choosy during your selection. Select only those strategies that are beneficial and valuable for your trading.

Always Be Prepared to Learn New Things
The best way to get a better understanding of the trade is by training yourself on a regular basis. Learn about the basic rules that are most effective in trading. Look for a “trade mentor” to help you get a clear understanding of the trade as well as motivating and rectifying you when mistakes are made. With that, you will be able to make wiser decisions while trading.

Familiarize Yourself With the Market Trends
In Forex Trading, the markets change every now and then. Most beginners find it hard to cope with the trend but the big secret is to know when to trade. First, you must learn the market properly and know how it works before venturing into the actual trading. You must learn and practice how to trade, how to place your orders and what to do when losses are incurred. This way, you will be able to develop a successful Forex trading mindset.

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Forex Trading can cause severe emotional instability problems especially when a trader loses his money. The first reaction when losses are incurred is anger and frustration which can, sometimes, make the trader become aggressive and violent. A Forex Trader must learn how to handle his emotions during such occasions in order to be successful in his ventures. The only way he can do this is to use his emotions in a positive way and as a source of inspiration to make crucial improvements. Below is a list of some of the most effective ways to maintain discipline in trading.

Exercise
Apart from helping you keep fit and healthy, exercise plays a crucial role in relaxing your body and mind, relieving stress as well as keeping your brain healthy. Exercise helps clear the mind and increases your ability to perform well even under intense pressure. It also helps in keeping your emotions stable at all times.

Always Be Happy
Spending a whole day frowning because you lost in your trades will only reduce your chances of winning in the next trade. This is because frowning will destabilize your mind in such a way that it will be much harder for you to make wise decisions while trading. You always need to smile and laugh because you will not only set a positive mindset but at the same time, you will be able to make successful trades.

Meditation
There are a million reasons why you should start meditating. Meditation has, over the years, proven its ability to improve a person’s overall well-being. One of the main reasons is that it helps reduce stress and anxiety attacks. This is especially common with Forextraders who spend their days waiting for the unexpected to happen during trading. Meditation is also known to increase serotonin production which is a hormone that improves mood and behavior. It also heals the body and mind, makes you become more focused, increases wisdom and gives you perspective and finally, it helps you beat the blues.

Set Your Goals Right
Nothing gives you more satisfaction than having clear set plans for the future. It gives you joy to know that, at the end, you will still achieve something, no matter how hard things become.

Take Care of Your Body
As a trader, you are always too busy to even take good care of your body. A healthy body and mind is more likely to have a positive mindset than an unhealthy one. Always take a balanced diet to provide your body with proper nutrients, exercise regularly to relax the body and mind and also, get quality sleep each day. Sleep helps the body relax and provides a great relief. It also helps stabilize our hormones which are the main causes of emotional instability.

Take Deep Breathes
Taking deep breathes offers some amazing benefits to the body. As a trader, sometimes, it’s hard to come to terms with huge losses. The next time you feel angry, resentful or anxious due to your loss, pay special attention to your breathing. The fact is, when negative emotions run high, your breaths become shorter and shallow. Take a couple of deep breaths everyday so as to stabilize your emotions.

Find Solace in Music
The right kind of music can help relax your mind and body, reduce chronic stress, and affect your emotions in a positive way.

Offer a Helping Hand to Others
Helping others brings back so much more in return. It makes you feel happy and less stressed knowing that you changed someone’s life in one way or the other.

Celebrate Your Achievements
As a trader, it’s easy to get carried away by emotions after earning huge profits from your trades. Most people crave for more and end up even stocking more money into their trading accounts in attempt to earn more. It’s always good to sit back and relax while enjoying the fruits of your labor.

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Forex Trading requires discipline, hard work, as well as, determination in order to be a successful trader. Most people have tried their hand on the trade, but have ended up with huge losses. The truth is, there are risks involved in forex trading but the real gurus know what it takes to be a winner. If you are a newbie in Forex Trading, you need to follow certain strategies in order to be successful.

To be successful in this field, you need to learn from other professionals who have made immense success in trading. There are various people around the world who are recognized for their expertise in this field and are included in some of the most successful traders in the world. Below is a list of some of the renowned forex traders who have made it through the good and bad times to be successful.

Bill Lipschutz
Bill Lipschutz was a brilliant student who had excellent mathematical skills. The New York born trader received his Bachelor degree in Fine Arts from Cornell College and then acquired a Masters Degree in Finance in 1982. His interest in stocks started during his college years where it’s said that he invested $12000 in stocks, which grew up to $250,000 after only a few months. Despite the huge achievements, Bill is said to have lost all his money to stocks but later shifted to Forex Trading, which was more stable. Bill is now a famous trader in the financial sector and is estimated to have made $300 million in a year by trading in the Forex market.

George Soros
The graduate from London School of Economics shocked the world when he made $1 billion in one day. When he gained $10 billion dollars, he was nicknamed as “the man who broke the bank of England.” George is a renowned author of investing books and is also a philanthropist. He is also said to have donated about 8 billion dollars in charity.

John R.Taylor, Jr.
John enhanced his trading skills at the Chemical Bank where he was working as a political analyst. He, then, became a Forex analyst for the bank after one year. This gave him the opportunity to build a strong foundation in the Forex Trade field. Today, the Princeton University graduate is the owner of a currency managing firm, FX concepts, and is also recognized for inventing computer-aided Forex Trading systems.

Stanley Drunken miller
After graduating from Bowdoin College, Stanley, he worked as an oil analyst for the Pittsburg National Bank. He, then, left his job at the bank and created the firm namely Duquesne Capital Management. It was at this time that he started working for George Soros, a successful Forex Trader, where he learned his trading skills. During his time with George, he is said to have earned both himself and Soros over $1 billion. He, then, returned to Duquesne in 2000 and is working there till today. He also owns a non-profit organization which is dedicated to educate people.

Andrew Krieger
Andrew became famous in 1987 when he sold the New Zealand currency between the value of $600 million to $1 billion. The value exceeded the money supply circulation in New Zealand at that time. Andrew earned $300 in revenue from the single transaction. In 1988, he worked for the Soros Management Fund and later moved to Northbridge Capital Management. He is also a philanthropist and is said to have made $350,000 donation for the tsunami victims in 2004.

http://www.commexfx.com/the-top-5-most-successful-forex-traders/

Forex is an acronym for Foreign Exchange Markets. Forex is further denoted by the symbol FX a well known term among investors, bankers and stock brokers across the world. The Foreign Exchange Market or currency market is a global, decentralized market for trading of currencies. Major international banks are the core participants in the FX market.

Financial centers around the world provide a convenient platform for trading in currencies among multiple buyers and sellers round the clock with the exception of weekends. And the FX market operates on several levels.

Let us briefly look at some unique advantages of FX trading.

24 hour market
As already mentioned in the introductory paragraph the FX trading operates on a 247 basis with the exception of weekends. Trading across the world starts when the markets open in Australia on Sunday evening and closes when markets end at New York Stock Exchange on Friday evening.

High Liquidity
Liquidity is when you can easily convert an asset into cash with minimum price fluctuations. In FX market one can easily effect transactions by moving huge lots of foreign currencies in and out of the market with least price fluctuations.

Low transaction cost
As per FX terminology the cost for a transaction is added with the price i.e. Buying price of the currency itself. This in other words is called a spread. Spread is the difference between the buying price and the selling price.

Leverage
The leveraging factor is nothing but the ability to trade more money in the market than what is actually available on the traders’ account. Forex brokers allow traders to make profits on the leveraging factor. If you are allowed to trade on a leverage factor of 50:1 ratio it means you can trade for $50 with $1 capital available on your account. You can control a trade volume of $50,000 with just $1000 worth of capital.

You need to open a Forex trading account online to be able to buy and sell foreign currencies. For every FX currency you buy, your account will be credited with the aforesaid amount. For every FX transaction you effect in terms of selling the corresponding currency will be debited from your online Forex Account. The profits you incur of the same will be wired directly into your account through Paypal.

Profit potential from rising and falling markets
You can trade freely in the market as far as your potential goes. If you feel a currency price will go up, you can buy it, in other words, go long. Increased currency price indicates you can sell it at the much increased price. You can compensate for huge profits by trading on volumes. On the other hand, if you feel the currency value is going to drop, you can sell it or go short.

Seasoned stock traders can make huge amount of profits and even become overnight millionaires. On the other hand, if you crave for huge amount of profits and start trading without following the tricks of the trade you can also end up losing a lot of money. Thus, you should exercise caution while you are operating in the Forex market or stock market.

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Every trader wishes to make profits by trading. It is hard to attain long term goals as only the minorities attain that milestone. Your trading actions must be well planned in order to achieve that level of success in trading. There are various ways of achieving long term goals:

1. Decide on the trading objective
Interrogate yourself and ask whether you aspire to be a full time trader or not. It is important to ask oneself whether one wants the trading actions to be continued from home or somewhere else. The trader must be clear with his own intentions and objectives.

2. Dividing the goals into bite-sized chunks
Long term goal must be divided into fragments. This step will help in the accomplishment of the goal realistic. There must be a mini goal for each month set aside. Psychologically, it is easier to attain mini milestones and not the gigantic ones. If the mini goals are captured this will charge you up with optimism which will act as a fuel in the long run.

Risking more is not the way to enhance your trading profits. Small profits must be earned consistently to boost up the level of confidence. Do not pounce on your goal at once, rather take one step at a time. Master the steps of trading, then aspire to be a professional trader. Achieve the mini goals and just them up to reach at the long term goal.

Various guidelines must be followed while devising the mini goals:

Structure of the mini goals
• Go for just six trades per month as this will cultivate discipline and keep oneself away from the temptation of over trading.
• Be consistent with your losing amounts. Do not increase the trading amount when you are a starter. Master the art and trading strategies, by heart the price action plan, trading journal only then go for bigger trading amounts.
• The amount of risk to be borne at each trade should be bearable.
• Monitor whether the risk reward ratio of 1:2 is achieved or not.
• The setup for price action should meet the various guidelines in the trading plan.
• Make use of daily affirmations in order to improve trading

3. Accomplish your goals by being a bit more thoughtful
Break your goals into small chunks so that it appears achievable and not impossible. Trading is something like operating the hedge fund where you are a manager. Follow the method of trading, your trading routine and do not always fix yourself on vague unachievable goals.

Risking the monetary figure which you cannot afford can be harmful for your trading career. Do not frame up a complicated trading mindset. Do not trade like a beast, but trade like a rational trader. Trade logically and methodically if you wish to attain your goals. Follow your trading routine to make a substantial amount of money at the end of the year. Set realistically achievable mini goals. Do away with your bad trading habits by giving the least importance to the instincts.

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