Learn Everything About Forex Trading and Start Trading ZuluTrade
What is Forex Trading?
The term “Forex Trading” stands for foreign exchange and refers to the buying or selling of one currency in exchange for another. Currencies are traded in the foreign exchange market, a global marketplace that’s open 24 hours a day in different parts of the world. All forex trading is conducted over the counter (OTC), meaning there’s no physical exchange and a global network of banks and other financial institutions oversee the market.
What are the Benefits of Forex Trading?
Low Transaction Costs
Spreads are usually low, making forex trading relatively cheap. However, you should look into all associated costs when choosing a broker, as some may also charge a flat fee or variable commission.
A 24-hour Market
From Monday morning in Australia to the Friday afternoon close in New York, the forex market never sleeps. Forex Trading is not subject to the opening hours of any centralised exchange system. As long as there’s a market open somewhere in the world, deals can take place.
Benefit From Leverage
In forex trading, a small deposit can control a much larger total contract value. Leverage gives the trader the ability to make nice profits, and at the same time keep risk capital to a minimum. The arrangements in the Forex markets provide investors to lever their original investment by as much as 20 to 30 times and trade in the market. This can magnify both gains and losses.
High Liquidity
Liquidity refers to the ease with which an asset can be bought or sold with a limited effect on its value. The global scale of foreign exchange combined with the high volume and 24-hour activity, make the forex market the most liquid market in the trading world. This is an advantage because it means that under normal market conditions, with a click of a mouse, you can instantaneously buy and sell at will.
Variety
Trading Options Forex markets provide traders with a wide variety of trading options. Traders can trade in hundreds of currency pairs. They also have the choice of entering into spot trade or they could enter into a future agreement. Futures agreements are also available in different sizes and with different maturities to meet the needs of Forex traders.
Demo Accounts
Most online forex brokers offer demo accounts to practise trading and build your skills, along with real-time forex news and charting services. By simulating a live trading environment, demo accounts give you the chance to get used to a trading platform, familiarise yourself with market movements and develop a risk management strategy, all without making any financial commitments.
How Do I Start Forex Trading?
Create your Account
If you want to become a manual Forex Trader, you must first create a traders account on ZuluTrade.
Choose a platform
You must have a forex trading platform like ZuluTrade Webtrader or MetaTrader4.
Start trading
After completing all of the previous steps, you are now ready to trade. You can also open a demo account funded with virtual money to test out the broker’s forex platforms and services before going live. Demo accounts are excellent for testing out trading strategies and practising trading without risking any funds.
Features of our Forex Trading Platform
ZuluScripts
The ZuluScript feature enables the ability for investors to create “scripts” or a set of custom instructions that can carry out trading operations if conditions and specified criteria are reached.
Technical Charts and Indicators
A simple yet effective way to get the information from the Trading Station user interface with technical charts (Candlesticks, OHLC, Lines), a large variety of Indicators (Trend, Oscillators, Volatility, Volumes, Williams %, etc), custom lines, objects, along with the ability to create trading robots by running the ZuluScripts.
The Automator
A prized feature on ZuluTrade is The Automator. You can set rules to lock profit, update Stop/Limit for selected trades, close profitable trades or get notified of any significant changes on the markets. The Automator allows you to build rules at the Settings tab of your Forex account.
Integration With Automated Trading Software
Interface Forex trading software places trades automatically based on the occurrence of the desired criteria. The software should have the necessary connectivity to the broker(s) network for placing the trade or direct connectivity to the exchange to send the trade orders.
Frequently Asked Questions (FAQs)
© Copyright ZuluTrade
This site is not intended to be a solicitation of transactions to customers living in the United States of America.
Le trading de devises au comptant comporte un risque substantiel et il y a toujours un potentiel de perte. Vos résultats commerciaux peuvent varier. Étant donné que le facteur de risque est élevé sur le marché des changes, seuls les véritables fonds «à risque» devraient être utilisés dans ces opérations. Si vous ne disposez pas du capital supplémentaire que vous pouvez vous permettre de perdre, vous ne devez pas négocier sur le marché des changes. Les courtiers Forex et ZuluTrade sont rémunérés pour leurs services par le biais de l'écart entre les prix acheteur / vendeur ou il peut y avoir un coût pour initier une transaction via l'écart acheteur / vendeur. Les comptes de partage des bénéfices sont soumis à une commission de performance mensuelle par système de négociation sélectionné.
Les résultats de performances hypothétiques présentent de nombreuses limitations inhérentes, dont certaines sont décrites ci-dessous. Aucune représentation n'est faite que tout compte réalisera ou est susceptible de réaliser des profits ou des pertes similaires à ceux indiqués. En fait, il existe souvent des différences marquées entre les résultats de performance hypothétiques et les résultats réels obtenus par la suite par un programme de négociation particulier.
L'une des limites des résultats de performance hypothétiques est qu'ils sont généralement préparés avec le recul. De plus, le trading hypothétique n'implique pas de risque financier et aucun historique de trading hypothétique ne peut rendre compte de l'impact du risque financier sur le trading réel. Par exemple, la capacité de résister à des pertes ou d'adhérer à un programme de négociation particulier malgré les pertes de négociation sont des points importants qui peuvent également avoir une incidence défavorable sur les résultats de négociation réels. Il existe de nombreux autres facteurs liés aux marchés en général ou à la mise en œuvre de tout programme de négociation spécifique qui ne peuvent pas être pleinement pris en compte dans la préparation de résultats de performance hypothétiques et qui peuvent tous avoir une incidence défavorable sur les résultats de négociation réels. Veuillez cliquer {{0}} ici {{1}} pour consulter la clause de non-responsabilité complète.
[1] Le Futures Commission Merchant ("FCM") et ZuluTrade sont rémunérés pour leurs services à travers le spread entre les prix bid/ask, ou il peut y avoir un coût pour lancer un trade à travers le spread bid/ask. L'inscription est totalement gratuite, et il n'y a AUCUN contrat et AUCUNS frais mensuels.
[2] Past performance is not indicative of future results. This website does not make any representation whatsoever that the above mentioned trading systems might be or are suitable or that they would be profitable for you. Please realize the risk involved with trading Forex investments and consult an investment professional before proceeding. The trading systems herein described have been developed for sophisticated traders who fully understand the nature and the scope of the risks that are associated with trading. Should you decide to trade any or all of these systems' signals, it is your decision. The performance results displayed on this website are hypothetical in that they represent trades made in a demonstration ("demo") account. The trades placed in the demo account take into consideration the spread between the bid and ask prices which would have been paid by a trader if an actual trade was made. Transaction prices were determined by assuming that buyers received the ask price and sellers the bid price of quotes provided by a large Forex broker.