ATFX Press Releases 2021

Kelly Yeung

ATFX.com Representative
Messages
776
ATFX has just announced the launch of its advanced research and analysis platform – AT Premier. The platform was initially released in the Middle East region. AT Premier was designed as a comprehensive, multi-dimensional, intelligence-delivery platform to provide market analysis, education, signals, news and copy trading.

Powered by dedicated internal intelligence tools, AT Premier, serves as an one-stop solutions hub for beginners, professional traders, market analysts, money managers and introducing brokers.

Ramy Abouzaid, Head of Market Research at ATFX’s middle-east office commented:
“ Our clear aim was to create a simple, easy-to-use yet complete platform where users could digest and act upon sensible intelligence sourced and distilled from a multitude of respected sources.”

Some of the services which power the platform are:
  • Real Time Market Analysis – with quick delivery of data and insights being vital for informed trading, ATFX technical analysis feed has been developed as a real-time data center.
  • Institutional Signals & AT Sentiment Indicators – A service for advanced traders who want to capture an edge on the markets’ major analytical views and sentimental targets. AT Premier gives trades access to institutional quality data and analysis, presented in a compelling visual manner. The platform provides a derived-data service (DDS) with forecasts constantly updated from over 20 institutions.
  • Single Stock Financial Analysis – there is growing interest in trading strong-performing single stocks. Infographics & data analysis produced daily on key companies and portfolios allow traders to make sense of performance nuances in a clear and simple manner.
  • Markets Live – ATFX’s live streaming platform, currently set at 40 minutes per day and connects their clients instantly with experts. The service covers the most current and influential topics and insights into market moves and impact.
4yev-x5ah5IRas_R8t-eX6zEWtqdezDAYpvbB30-d2Y6crB7hTE0keWO2k3Wx8hnToU23iTHx93B_Vrp2Z4O38tj_XWR74BzUEHaAmf8LhcVL3ejJnzFUnQSA4DAt-fVl6xSI_1T


Joe Li, Group Chairman at ATFX added:
“ At ATFX, we constantly endeavor to put our clients at the heart of absolutely everything we do. AT Premier is meant to make a trader’s typically stressful journey a fulfilling and productive one. We have always held the belief that state-of-the-art and even user-friendly technology is only as good as its transparency and effectiveness. Hence, at the very core, AT Premier is a transparent and effective tool to aid and abet the experience and productivity of every entity or individual that takes online trading seriously.”

Other services that enhance AT Premiere include:
  • One-On-One Coaching – ATFX allows premium users access to senior analysts through an efficient appointment management system via video-chat platforms and webinar offerings.
  • Self-education Hub – ATFX’s library of digital educational videos is varied, topical and constantly updated to maintain relevance in this age of constant flux.
  • 24×5 Dedicated Technical Analysis – A skilled support team has been trained to be at hand to respond in real-time to any technical analysis-led queries that users typically have.
  • Copy Trading – AT Premier’s Copy Trading platform aims to serve professional money managers and traders to share their performance with their own private network as well as other AT Premier portal users so that they can generate extra income for themselves.

ATFX is a co-brand shared by a group entities including:
  • AT Global Markets (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom with registration number 760555. The Registered Office: 1st Floor, 32 Cornhill, London EC3V 3SG, United Kingdom.
  • AT Global Markets LLC is a Limited Liability Company in Saint Vincent and the Grenadines with company number 333 LLC 2020. The Registered Office: 1st Floor, First St. Vincent Bank Bldg, James Street, Kingstown, St. Vincent and the Grenadines.
  • ATFX Global Markets (CY) Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 285/15. The Registered Office: 159 Leontiou A' Street, Maryvonne Building Office 204, 3022, Limassol, Cyprus.
  • AT Global Markets Intl Ltd is authorized and regulated by the Financial Services Commission with license Number C118023331. The Registered Office: Suite 207, 2nd Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius.
 

Kelly Yeung

ATFX.com Representative
Messages
776
A crucial part of becoming a successful trader is building a trading strategy aligned with your strengths and has an edge in the markets. The profits (or losses) you make are directly linked to how you execute your strategy and whether you follow it consistently. If you wonder how you can build a Forex trading strategy, stay with us as we explain the critical pillars of a profitable strategy in depth.

To build a profitable trading strategy, you should first identify your trading style and the time you can dedicate to trading. Building a day trading strategy, yet you have a full-time job, might not be the best idea. However, a day trading strategy may be appropriate for people who can allocate multiple hours to trading the markets each day. For traders with limited time for trading, building a swing trading strategy might be a better idea than day trading.

The next question is you have to assess your risk appetite and the size of losses you can tolerate. As a beginner trader, it is always best to start trading with a small size and then increase your trade size after becoming consistently profitable. Most new traders cannot handle the massive losses that usually accompany large trades. If you trade with a larger size (risk) than you can handle, you will end up being shaken out of good positions before your stop-loss is hit, only to see the trade go in your favour later.

Finally, spend time learning the markets and monitoring your trades. The most successful traders are in the markets 90% of the time; you do not have to be trading all the time. You could be monitoring a trade, waiting for a trade setup to be complete, or even researching a new strategy. Most new traders tend to stop looking at their trades once they put them on, which is a big mistake.

Always record your trades, both winning and losing trades, to track your performance over time. Remember that you cannot improve what you do not know. By keeping a record of all your trades and the reasons you took them, you can identify repeating patterns and work on getting better.

The above tips are a summary of what you need to do to become a successful trader. However, you need much more to be a consistently winning trader. We will outline the various actions that you must regularly implement to become a successful trader below:

10 Tips to Becoming a Successful Trader

1. Set Clear Goals and Choose a Trading Style

Before trading the markets, you must set clear goals for your trading and choose a trading style. If you choose to become a day trader, you have to be ready to execute a large number of trades daily. Not all your trades will be winners, and you must accept this and keep trading until you get to the winners. Being a swing trader means that you will execute much fewer trades with higher chances of success, but you must be okay having no trades on certain days. Regardless, you must always keep your eye on the markets monitoring developing trade setups.

Have a plan for your trading before starting your day and choose the setups you want to trade. While having a profit goal is okay, the most crucial part of trading is identifying the proper setups and trading them, which will lead to the profits you want. Having a plan for the setups you intend to trade will ensure that you do not jump into trades that do not fit your trading strategy, which could lead to unnecessary losses.

A trading plan will help you assess different trading opportunities and only choose the best setups to trade while avoiding low-quality setups. The suitable trading setups will have low risk and high-profit potential.

2. Choose the Right Broker

Choosing the right broker is an essential part of your overall trading strategy since you need a broker to access the Forex markets. The best brokers usually have low fees in low spreads and commissions combined with fast execution speeds. Such brokers also offer a wide variety of tradable instruments to their clients, giving them a wide selection of choices.

You should choose a broker regulated by top-tier regulators such as the UK’s Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC). You should also choose a broker who offers excellent customer service and has good reviews from past clients. The best way to choose a broker is to open a demo account and test their services. This way, you get a good understanding of their services without risking your hard-earned money.

3. Have a Consistent Trading Routine

You should have a consistent plan of action before entering the markets each day. The only way to have a consistent trading routine is to have a framework that you can use to make decisions in the markets. A trading framework is a plan of action that helps you decide whether to buy or sell an instrument based on certain factors. You could decide to sell an asset because it just broke below a support level, or you could buy an asset because it just broke above a crucial resistance level. Your plan needs to be as detailed as possible to cover the many scenarios that characterise the markets. A detailed strategy will help you avoid making mistakes by covering all potential scenarios in the market.

4. Identify Your Trade Entries and Exits Beforehand

Many beginner traders tend to have an entirely random approach to trading the markets where they keep shifting their trade entries and exits based on emotion. It is not uncommon for traders to move their stop loss higher or lower as a trade goes against them to give it more room. The opposite is true of winning trades; most losing traders tend to cut their winners short before hitting their profit targets. Such actions result in bid losses and small wins, which is why most retail traders end up losing long-term.

Therefore, once you have identified your entry and exit points, stick to them no matter what the markets do. If the trade moves against you and hits your stop-loss order, you will still be a winner if you did not move your stop loss. Holding on to your winning trades until you hit your profit target will also help you win long-term. By sticking to your plan, you can later improve it as you will have gathered consistent data.

5. Know Your Limits and When To Stop

To be a successful trader, you must know your limits and when to stop. You must be clear about how much loss you can handle and trade in small sizes or avoid certain expensive assets. For example, traders with small accounts should trade in small lot sizes and should avoid expensive instruments. Such traders should trade very liquid assets such as the EURUSD currency pairs, which also have tiny spreads. They should avoid exotic currency pairs that have wide spreads and are expensive to trade.

As a beginner trader, you might be best served to step out of the markets for a while after encountering a losing streak.

6. Choose the Right Trading Approach

Most experts recommend that beginners trade with fixed profit and loss amounts until they are successful with this method. There is an excellent reason for taking the fixed targets approach as a new trader. This approach will build your confidence and discipline as a trader. By not changing your stop-loss and profit targets regardless of what your trade is doing, you will learn to appreciate how the markets work. You will find yourself having to watch as the market moves against you and reaches your stop-loss order taking you out of a trade. You will also watch as the market heads towards your profit target, stops and reverses, before heading back and hitting your profit target. Finally, you will end up learning to give your trades space to work out either in your favour or against you.

Once you are successful trading with fixed profit and loss targets, you can then move to a variable trading approach to use trailing stop-loss orders to lock in your profits as a trade moves in your favour. You will also learn how to cut your losing trades before your stop-loss order is hit once it is clear that market conditions have changed. Do not skip over the fixed part of trading, as that is where you build a firm foundation for your long-term trading success.

7. Master Your Trading Psychology

You cannot become a consistently profitable trader if you have not mastered your trading psychology. The hard part about trading is your mindset and how you react to what the market does. As human beings, we are wired to avoid pain and seek pleasure, which is why we hold onto our losing trades for much longer than we should and cut our winners short. We hold on to bad trades for too long because we do not want to feel the pain of closing such trades and booking a loss. On the other hand, we cut our winners short to enjoy the pleasure of a win while avoiding the pain of watching the trade reverse and erode our wins.

You must conquer these feelings if you want to be a successful trader and beat the statistics of being one of the many losing traders.

8. Keep Track of All Your Trades
Many of us are familiar with the phrase “You can’t change what you don’t know.” To become a great trader, you must know your weaknesses and strengths, and you can only do this by tracking your trades. You should keep a journal of all your trades and the reasons why you took them. By tracking your trades and outcomes and the reasoning behind your actions, you can identify flawed thought processes that lead to bad trades. You can identify the trade setups that work best for you and maximise on these in future. You can also spot the patterns behind trades that did not work out for you and work on eliminating them. The best traders are good at recording their trades and analysing them to improve over time. The only way to become a successful trader is by constantly improving your mindset and trading processes, which you can only do by tracking all your trades.

9. Prepare for Your Trading Week Over the Weekend

The best traders prepare for the trading week over the weekend, looking for trading opportunities when the markets are closed. The weekend provides an excellent opportunity to review the trades you took the previous week and plan for the coming week. You should look at the long-term charts during the weekend to identify trading opportunities aligned with the long-term trends. Trading opportunities based on weekly, daily and 4 hour charts are more reliable since they are long-term trends.

You should also prepare for your trading day before you start trading. Start by checking the daily and 4-hour charts to see if the trend is still the same and then move to the lower timeframe charts to identify the best trading opportunities for the day. You should do this every day to ensure that the opportunities you identified over the weekend are still valid.

10. Keep Learning About Trading and the Markets

The top traders are constantly working at their trade to get better each day, regardless of their experience. You should do the same to ensure that you become a better trader each day. Remember that the financial markets are constantly changing, and strategies that worked in the past may stop working with time. Therefore, you risk being left behind if you are not constantly analysing the changing trends in the markets. For example, You might have to adopt entirely different strategies in a market crash compared to normal trading conditions. Traders who did not adapt their trading styles to the market crash in March 2020 booked significant losses as they kept fighting the trend. Many expected the crash to result in a recession that would last for months, only for it to last for less than a month. Traders who adapted and turned bullish as the markets rallied booked significant profits on the way back up.

ATFX is a co-brand shared by a group entities including:
  • AT Global Markets (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom with registration number 760555. The Registered Office: 1st Floor, 32 Cornhill, London EC3V 3SG, United Kingdom.
  • AT Global Markets LLC is a Limited Liability Company in Saint Vincent and the Grenadines with company number 333 LLC 2020. The Registered Office: 1st Floor, First St. Vincent Bank Bldg, James Street, Kingstown, St. Vincent and the Grenadines.
  • ATFX Global Markets (CY) Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 285/15. The Registered Office: 159 Leontiou A' Street, Maryvonne Building Office 204, 3022, Limassol, Cyprus.
  • AT Global Markets Intl Ltd is authorized and regulated by the Financial Services Commission with license Number C118023331. The Registered Office: Suite 207, 2nd Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius.
 

Kelly Yeung

ATFX.com Representative
Messages
776
bl5688_pic1_2.jpg


ATFX Launches Brand New Social Trading App in the LATAM region – ATFX TeamUp
The fully customisable social trading app lets clients chat, learn, and copy.

LATAM, 24 March 2021 - ATFX have just launched their brand new social trading application called ATFX TeamUp in the LATAM market. The app is designed to benefit all the broker’s clients regardless of their trading abilities.

While the new app has a vast amount of benefits, the underlying key to its success is that it promotes a success cycle for all traders.

Beginners can automatically copy professional traders’ trades with a proven track record of success via their ATFX accounts. The experienced traders get to earn extra income from the copy trading programme.

Learn from the Best
The app also acts as a real-time educational tool for new traders who can watch experienced traders take live trades, by watching how the experts’ trade, new traders can reverse engineer the reasons behind each trade and try to replicate the same in their accounts.

Such traders can build their experience and become more self-reliant, which turns into a virtuous cycle, as they eventually become experts and create their following.

Learn from the Experts
The ATFX TeamUp app’s auto-copy function allows traders to easily copy trades from expert traders whose trading style fits their risk appetite. Traders can choose to spread their risk proportionately among proven traders by allocating a portion of their funds to each expert trader.

The app allows traders to free up their time by copying proven traders instead of sitting and analysing the markets themselves. Of course, past performance is not a reliable indicator of future results. Still, there are plenty of opportunities to analyse a trader’s track record and fully customise one’s trading experience.

Experienced and proven traders have the opportunity to earn an extra income. The more they grow their following, and the more traders copy their trades directly, the more they will earn from each one. Traders with a proven track record are welcome to take advantage of this feature.

Ask the Community
Another essential feature in the ATFX TeamUp app is the community element. The TeamUp community is a safe place for traders to brainstorm different trading ideas and market scenarios. Experienced traders can bounce ideas off each other, while beginners can chat, learn and critique each other’s reasoning.
You can create discussion groups to get notified whenever someone sends you a message or when another trader takes a trade. Such groups provide a safe place to exchange trading ideas and advice.

Jeffrey Sui, ATFX Chief Operation Officer, added: “The launch of ‘ATFX TeamUp’ for our LATAM clients shows our commitment to bring the best trading technologies to all our clients.. We will also be providing customer support in Spanish so that our LATAM clients can easily connect with us and have a seamless trading experience. We will unveil more projects in due course as part of our vision to make the financial markets available to clients across the globe.”

ATFX has dedicated significant resources to develop proprietary technologies for their clients. The ATFX TeamUp launch comes after their new website launch in Q4 2020, which will help the broker better serve its clients. As competition in the retail Forex brokerage industry heats up, market leaders can distinguish themselves via such developments.

bl5688_pic2_2.jpg


END

Legal: AT Global Markets Intl Ltd, Company Number 157819 is licensed by the Financial Services Commission as an Investment Dealer (Full Service Dealer, excluding Underwriting, License Number C118023331) pursuant to Section 29 of the Securities Act 2005. The Registered Address: Suite 207, 2nd Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius.

HIGH-RISK INVESTMENT WARNING: CFDs and Margin FX are leveraged products that carry a high level of risk to your capital. Trading is not suitable for everyone; losses can exceed deposits. You should only trade with money you can afford to lose. Please read the full Risk Disclosure Policy.
 

Kelly Yeung

ATFX.com Representative
Messages
776
You should use the MetaTrader 4 platform because of the many instruments you can trade via the platform. MT4 allows traders to trade Forex pairs, stocks and indices, CFDs, cryptocurrencies, among other instruments.

Most brokers offer the platform because of its popularity among Forex and CFDs traders who find it easy to use. MT4 also has numerous in-built indicators and allows traders to run automated strategies.

8zlibPkMcAEzg9ixaduSz0aCkMKuL15t_tdCYEO6TDgpXkH0ksRBL8iMkm4jYLXpQXQNreCHpBnscNDywp3k1KD4lPaAyFiQWR_vLNeOY2LhPtAH-2ElTvZmQOwjRBCQqjW1Y9T2

Advantages of the MetaTrader 4 platform
The MetaTrader 4 platform stands out among many other trading platforms given its ease of use and the large number of instruments to trade via the platform. The fact that most brokers offer it as an option also plays a crucial role in its dominant position within the markets.

Many distinctive features make the MT4 platform the first of its kind:
  1. The MT4 platform has many features that are not available on any other platforms, such as its availability in multiple languages.
  2. The platform is simple and easy to use with a very short learning curve even for beginner traders and investors, making it very attractive to all traders.
  3. The MetaTrader 4 platform is popular with traders who use automated strategies given the ease of integrating such strategies into the platform.
  4. The platform has the ideal aesthetics for currency trading.
  5. The colours of the platform’s trading charts can be changed to a trader’s liking making it friendly to use.
  6. It is also easy for traders to monitor trends on the MetaTrader 4 platform, making it easy to trade different instruments.
8nW48EtdvZuDWzqzxsTZNfSza56JzkvEaJjECkPNnFnQT5b7YqEvShy3rBf8G5t0sJSwbVE4bvmfxEiFg2UgZc6FeWknPe00R_lm14i3Czulda3tqSHuS-OwtQa8JfWgHALqxBzG

The MetaTrader platform has other advantages, such as the multiple languages the platform offers, allowing traders from every region to trade comfortably in their local languages. Traders also get access to over 50 in-built indicators highly customisable to suit a trader’s specific strategies. The trading tools provided on the charting platforms allow traders to perform their analysis and trade on the same platform. The platform also allows traders to process multiple orders using custom indicators and automated strategies.

The platform has an internal mail system that can guide you through the download and installation of the MetaTrader 4 platform. The process is straightforward, and most people can easily install the mobile and desktop versions of the platform. Traders have to keep their username and password handy, as well as their broker’s account details.

Most brokers offer their clients the option to download MetaTrader 4. It remains one of the ideal trading platforms, which explains its popularity among traders globally. The platform also has an education section with materials tailored for all types of traders, especially beginners who want to learn how to trade the markets. Traders can use these resources to improve their trading capabilities and become more successful in the markets. These are just some of the reasons why MT4 is the leading trading platform worldwide.

ATFX is a co-brand shared by a group entities including:
  • AT Global Markets (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom with registration number 760555. The Registered Office: 1st Floor, 32 Cornhill, London EC3V 3SG, United Kingdom.
  • AT Global Markets LLC is a Limited Liability Company in Saint Vincent and the Grenadines with company number 333 LLC 2020. The Registered Office: 1st Floor, First St. Vincent Bank Bldg, James Street, Kingstown, St. Vincent and the Grenadines.
  • ATFX Global Markets (CY) Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 285/15. The Registered Office: 159 Leontiou A' Street, Maryvonne Building Office 204, 3022, Limassol, Cyprus.
  • AT Global Markets Intl Ltd is authorized and regulated by the Financial Services Commission with license Number C118023331. The Registered Office: Suite 207, 2nd Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius.
 

Kelly Yeung

ATFX.com Representative
Messages
776
The most frequent questions asked by new traders are: What is Forex Trading? And, How to trade Forex? The forex markets are the global currency markets accessed by traders via brokers. The difference between the Forex markets and the stock markets is that Forex pairs are not traded on a central exchange like stocks. Forex trading has expanded to include contracts for differences (CFDs) on other assets such as stocks, indices, and commodities, which should not be confused with actual stocks. While CFDs represent the underlying stocks, they have slight differences in that the CFDs can be traded when the actual stock market is closed.

The Forex market is one of the most liquid markets globally, with transactions exceeding 5 trillion dollars. Most of these transactions are made by large financial institutions such as central banks and top investment funds. Traders and investors account for a significant portion of the Forex trades executed each day, with most traders trading the EUR/USD currency pair.

Forex trading is the act of buying one currency while selling another by buying and selling currency pairs. For example, buying the EUR/USD currency pair means buying the euro while selling the US dollar. This principle applies to all currency pairs traded in the Forex markets. There are numerous currency pairs for traders to trade, including major and minor currency pairs and exotic pairs.

NZGzsUU6zxZSMyKwxns2IG0n4RIlGoPOp4R0oSsw5-rNWQE5v7Vlsus_Nkh6OCd1ahcK0Ocfg3B4q3D7CO8GSchjmCk6cWCHXLpzD6saC-7fpHqVuB_Y-_nouq9X_FpghoX1h_7B

Forex Trading Steps
To invest in the Forex markets and become consistently profitable, you must follow a few steps to increase your chances of success. These steps are detailed below:
  1. Learn the fundamental principles of foreign exchange trading.
  2. Know how to predict prices based on support and resistance levels.
  3. Learn how to use the MetaTrader platform.
  4. Learn technical analysis, including how to use indicators and charts.
  5. Identifying the appropriate entry and exit points for specific currency pairs.
  6. Learn how to manage your risk to limit losses and maximise wins.
If you follow the above steps correctly, you will gain extensive experience trading the Forex markets and becoming a successful trader. Learning the above skills will help you trade multiple instruments since they are universal skills.

lXScpum7Bhc2IY4MtOsJ5oNfinUb92cCvySNPnAXgPJLp0C1oLaIRhzFgt-T-I28kTqnW1anQlltBn_GVOn0PXpWqESWIHlsLCFu25k95okP1XqNgt2mpcDl66Ge2Udd0q5sLq8F

Advantages of forex trading or online trading
Trading the forex or foreign exchange market has many advantages that make it different from other investment markets. These factors are listed below and are why many investors prefer to trade these markets instead of traditional investments.
  1. Trading happens 24 hours, five days a week.
  2. You can start with minimal capital.
  3. The Forex markets have high liquidity.
  4. Traders can make profits from both rising and falling prices.
  5. You can trade from anywhere in the world at any time.
  6. Traders can practise trading on a demo account before moving to a real account.
  7. Forex trading allows for high leverage levels.
  8. Traders can trade a large selection of major and minor currency pairs.
Therefore, it is a very distinctive market for traders and investors from different countries worldwide as it has many advantages over other investment markets.

Online trading strategies
To achieve success in the forex market or the online trading markets, you must follow a consistent trading strategy aligned with your personality with an edge in the markets. There are numerous trading strategies used by investors globally, and the ones listed below are just a few of these strategies. They include:
  1. A price breakout strategy.
  2. The high to low trading strategy
  3. The Recovery Zone Strategy.
  4. Moving Average Indicator Strategies.
  5. Bollinger bands strategy.
Therefore, you must carefully examine and study the state of the markets from all angles. Most traders choose to focus on fundamental or technical analysis, with either strategy having its strengths and weaknesses. However, the best traders incorporate both strategies in their trading routine to maximise their trading results by increasing their profits and reducing their losses.

Forex account opening

ATFX is a co-brand shared by a group entities including:
  • AT Global Markets (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom with registration number 760555. The Registered Office: 1st Floor, 32 Cornhill, London EC3V 3SG, United Kingdom.
  • AT Global Markets LLC is a Limited Liability Company in Saint Vincent and the Grenadines with company number 333 LLC 2020. The Registered Office: 1st Floor, First St. Vincent Bank Bldg, James Street, Kingstown, St. Vincent and the Grenadines.
  • ATFX Global Markets (CY) Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 285/15. The Registered Office: 159 Leontiou A' Street, Maryvonne Building Office 204, 3022, Limassol, Cyprus.
  • AT Global Markets Intl Ltd is authorized and regulated by the Financial Services Commission with license Number C118023331. The Registered Office: Suite 207, 2nd Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius.
 

Kelly Yeung

ATFX.com Representative
Messages
776
Most traders start their trading journey using the popular MetaTrader 4 trading platform to learn how to trade. Opening an MT4 account gives you access to forex pairs and other tradable instruments. There are two main types of forex trading accounts: the demo account and the real/live account.

The demo/virtual account allows you to practice trading without having to risk actual money. The demo account is crucial for most traders as they can learn how to trade the markets, test their trading strategies and improve them without risking actual cash.

We advise most beginner traders to start with a demo account as they hone their trading skills and switch to a live account only after they are consistently profitable on the demo.

aI2cb5j7a7XESie6D9sLAoBwCZimYBZp_zmBBCuB1WXvMbrzIUtVwtHBWyctLjzsUNSOR2jqF0J-svVA-OQZFkBYSsHUxwdSBUNEyGKFZv5cmO3oJ1h0HI-Zx8iE3xECB7WKHBRJ

Here are the three steps you must take when opening a Forex trading account to ensure you do it right:
  1. You must choose the right broker who offers the account type that meets all your trading goals. The best way to determine if an account is right for you is to open a demo account and practice trading on it to see if it is the right fit. Do not be afraid to open multiple demo accounts with different brokers.
  2. Once you are ready to open a live account, you must choose the correct type of account. The most common types of accounts are standard accounts that charge only a spread on each trade, which are the best for beginners.
  3. Lastly, make sure you open an account that matches your financial resources. Traders who want to trade with small amounts should open mini accounts that allow them to trade 0.01lots (micro lots). You can upgrade to a higher account once you have more funds.
You should read the terms of your contract with your broker to understand your obligations and theirs. However, not many people read the terms; hence, they rely on the broker reviews posted on multiple websites online. The reviews are a quick way to familiarise yourself with a broker’s products and services before deciding to open a forex account with them. Always read reviews from trusted websites that have an unbiased opinion of each broker.

Some of the common steps involved in opening a live trading account include providing your details such as full name, title, residential address, employment and financial status, among others. These details help the broker create your account and assess whether you are a good fit as a client.

Once you open a live forex trading account with a broker, you must submit official documents such as your identity card and passport to verify your actual identity. You also have to submit official documents such as a bank statement or utility bill that shows your residential address. The broker will use these documents to verify your live account, after which you can deposit funds into the account and start trading the markets.

ATFX is a co-brand shared by a group entities including:
  • AT Global Markets (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom with registration number 760555. The Registered Office: 1st Floor, 32 Cornhill, London EC3V 3SG, United Kingdom.
  • AT Global Markets LLC is a Limited Liability Company in Saint Vincent and the Grenadines with company number 333 LLC 2020. The Registered Office: 1st Floor, First St. Vincent Bank Bldg, James Street, Kingstown, St. Vincent and the Grenadines.
  • ATFX Global Markets (CY) Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 285/15. The Registered Office: 159 Leontiou A' Street, Maryvonne Building Office 204, 3022, Limassol, Cyprus.
  • AT Global Markets Intl Ltd is authorized and regulated by the Financial Services Commission with license Number C118023331. The Registered Office: Suite 207, 2nd Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius.
 
Top