After that you understand the general principles of how margin trading system and working mechanism of speculation on the currency rates, and after that I was able to read the graph of exchange rates and are you a good idea of how to predict exchange rates, and methods of technical analysis and news.
Has now become eligible to move to the stage of the process in this new area by opening an account with a brokerage firms in trading currencies.
There are hundreds of brokerage firms that operate through the Internet each monthly trading volume of several billion dollars, a lot of companies follow the mismatch of the U.S. and Britain and other countries.
On what basis will choose a brokerage firm?
And what you ask for it before they actually open an account and send your money to this company?
There are a lot of things that you should learn before they actually open an account with one of the brokerage firms Perhaps you are learning a lot of them, but we chose up at all here in one place.
To ensure the credibility of the company
When you open an account is actually the first action to do is to send money to a brokerage firm is taken into account for her and for use in buying and selling of currencies has been decided to open your account up to $ thousands of dollars.
Before doing so we must be sure that the company would send her owner is a company registered with the State to which they belong and that record clean and devoid of any manipulation or set on customer deposits.
There are several ways to do this kind of inquiry of the project, including:
Question the company directly on the guarantees provided by the client funds to them.
Contact with the official state followed by the company as possible.
Request the addresses of some old customers and contact them and ask them about the way the company deals with customers.
Inquire about corporate America:
The U.S. government required all companies, institutions and individuals who work as mediator in the financial markets to the detriment of others registered with the CFTC
Acronym for Commodity Futures Trading Commission, the governmental body of the U.S. Congress is specialized in organizing work in the financial markets of different kinds.
Follow these fall under the control of other self-regulatory organization called the National Association of Futures National Futures Assosiation and shortened NFA This association is responsible to the CFTC for the control of private institutions and its registration and verification of compliance with standards that ensure minimum safety of customers in this market in order to preserve the investor's funds In support of the national and international confidence in U.S. financial markets.
There are many types of institutions and groups that fall under the control of NFA, including brokerage firms trading in the forex market.
Once you have a brokerage firm in the capital markets to NFA all the documents that prove their consent to the criteria given each company set its own tariff ID can be used for everyone who wants to inquire about the history of this company has been registered with the NFA, where every record company put the company name and address of the actual and the names of the founders and the number of cases filed against the company by clients that have been sentenced or not, governance and other information that will enable the client to judge the credibility and integrity of the brokerage firm.
Can ask for this information by contacting Alhataki from within the United States or through the NFA official site on the Internet where you can inquire about the brokerage company you want by name or by number of NFA by a method more accurate and the best.
Before you open an account with one of the brokerage firms of America asked whether registered with the NFA, asking them to provide you with NFA ID number on it. In any case, most listed companies put the number clearly on the front page but if you do not know this number you sending your own company and ask them directly about this number.
After you get this number you can go to the NFA site on the Internet and enter the number in the space to get to the information available, which no doubt will help you to judge the integrity of the company.
You can access the place where the company will put the number of NFA to enter the site at the following link:
http://www.nfa.futures.org/basicnet/
It should be noted that the absence of the NFA No. brokerage firm does not mean that the company does not have the credibility or integrity of all there is a company that has a number NFA means that it is the approval of the CFTC and NFA standards and that the record can be confirmed by official and an official government.
In all cases, please do not hesitate to ask for everything that goes on your mind regarding the firm you're considering opening an account with this owner are entitled to be reassured by the company to be deposited with the owner.
It is also in the practice on the virtual account Demo account do not hesitate to ask about any issues or problems, technical or other experience Responsiveness quick and accurate from the Support Section Support the company may be considered evidence of the level of interest in the company's customers.
Saturday, December 26, 2009
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