ATFX Press Releases 2021

Kelly Yeung

ATFX.com Representative
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800
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ATFX Connect, the institutional arm of ATFX, focusing on Hedge Funds, Family Offices, B2B, Asset Managers, HNW's, and spread betting account has partnered with Centroid Solutions for several years.

Centroid Solutions provides a wide array of services to brokerages, including risk management services, connectivity, order and liquidity management systems, hosting and server infrastructure solutions.

Through the partnership with Centroid, ATFX Connect enhanced their risk management to the next level. The flexible infrastructure enables ATFX Connect to manage real-time analytical tools and sophisticated risk management functionality. Centroid24 Risk Management Suite consolidates data from all platforms and trading systems, generates an in-depth view of overall trading performance, highlighting potential risks in real time and helping brokers understand their risk exposure in different models.

“We have incorporated the latest risk management and analytics tools helping us to take our risk management to the next level. With an advanced lineup of products and technology that caters to different institutional clients, and a highly experienced team, ATFX Connect is well on its way to becoming one of the major players for the institutional brokerage industry” said Matt Porter, Head of Operations at ATFX Connect.

ATFX Connect’s multi-access platform caters for clients who wish to trade on an Agency, Margin or Bridge account via a Fix API or GUI. The service includes Direct Market Access to Tier 1 Bank and Non-Bank liquidity providers and low CFD pricing.

“We are truly pleased to be working with ATFX for the past years and be part of their journey to become a major player in the institutional space. It matches our mission to provide excellent services and solutions to help brokers from around the global excel. We look forward to our on-going collaboration, to provide innovative and world-class solutions.” said Cristian Vlasceanu, CEO of Centroid Solutions.

ATFX Connect
Back in 2019, ATFX stepped into the Institutional arena with the launch of its Multi-Access platform ATFX Connect. The management’s vision was to expand the broker’s global presence and continue to provide award-winning liquidity and customer service to clients within the Institutional community. With the focus on the professional Investor, the ATFX Connect platform is designed to provide an efficient automated trading venue that delivers tailored liquidity solutions to Hedge Funds, Asset Managers, Brokers, Private Banks, and other financial institutions.

ATFX
ATFX is an award-winning FX/CFD broker with a global presence offering customer support in over 15 languages. With over 200 tradable financial assets, including forex, cryptocurrency, precious metals, energy, indices, and shares traded as CFDs, ATFX is regulated by the UK’s Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, the Financial Services Commission (FSC) in Mauritius, and the Financial Services Authority (FSA) in Saint Vincent and the Grenadines.

Centroid Solutions
Centroid Solutions is a technology company specializing in risk management, quantitative analytics, connectivity, complex execution strategies and P&L optimization for financial brokers. Centroid’s team is comprised of professionals with extensive industry knowledge and experience in dealing desk, risk management, analytics, trading solutions and software development. Centroid delivers a complete suite of technology solutions and infrastructure that is specifically designed to help brokers optimize their business performance, reduce operating costs and enable business growth.

Media Contact
Matthew Porter
Tel: (44) 020 3917 8705
Source: ATFX Connect

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
800
Gold is one of the most sought-after metals among the available precious metals, which has been the case throughout the ages. Gold’s appeal to traders and investors is driven primarily by its characteristic as an asset that can be used to preserve value. Most traders and investors globally have embraced gold trading as a highly profitable strategy, especially since the metal is considered very safe, especially in volatile political and economic conditions. But how can you trade gold as a new investor or trader?

Trading gold through CFDs is one of the most popular ways to buy and sell the asset used by investors worldwide. You can profit from both positive and negative changes in gold prices using CFDs, making it easy to trade in both directions. Investors can bet on rising and falling gold prices using CFDs despite the metal being regarded as a safe-haven asset. Trading gold CFDs is much better than trading the physical metal itself.

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Factors that affect gold prices

The US dollar: The dollar is one of the main factors affecting gold prices globally, given that the two instruments are both considered safe-haven assets.

Political and economic conditions: The political and economic conditions affect gold prices within the global markets. The publication of negative economic and political news typically has a positive impact on gold prices as investors flock to the safe-haven asset. In contrast, a stable economic and political environment usually reduces the demand for gold.

Central banks: Changes in interest rates set by central banks also significantly impact gold prices. Higher interest rates usually drive investments into bonds and away from gold, which does not bear interest. Lower interest rates make gold more attractive because it preserves its value better than currencies.

Supply and demand: The price of gold is greatly affected by the supply and demand for the metal. An increase in the gold supply usually triggers lower prices, especially if the demand is lower. A decline in gold supplies than demand typically leads to higher gold prices, especially if there is a high demand for gold.

Inflation rate: High inflation rates usually increase gold prices as investors flock to the metal as a store of value to preserve their valuable investments. High inflation rates typically lead to the affected currencies losing value, making gold an attractive alternative store of value.

So, when deciding to start trading and investing in gold within the global markets, you must follow some steps to trade safely and increase your chances of success. The first step is to choose a trading strategy that corresponds with your trading account size. Always choose a strategy with an excellent risk: reward ratio to ensure that your profits are greater than your losses. Keep track of market events, news and economic releases which could affect gold prices to exploit the opportunities created by such events. Always track the US dollar’s movements given the significant impact it has on gold prices. Doing the above will help you anticipate future gold prices and execute the right trades while avoiding losses.

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Types of gold investments

There are different ways to invest in gold, the first of which is online trading of gold CFDs via forex platforms, where the trader or investor opens a trading account with a brokerage firm allowing them to trade gold, other precious metals, currencies, among others.

The second way to invest in gold is by buying physical gold bars. You can do this via reputable websites such as JM Bullion and APMEX then have the gold bars shipped to your home address.

Thirdly, you can invest in gold by buying stocks, that is, acquiring the shares of companies that mine gold, which is an indirect investment in gold. Buying shares means that you are also exposed to other risks such as the company going bankrupt or making losses on its operations.


Ways to invest in gold

The traditional way: The traditional way to invest in gold is to buy gold bullion. You can buy gold bullion depending on the amount you are willing to invest, which will determine the weight of the gold you buy.

Investment Fund: Investment funds are more flexible and are traded on global stock exchanges. You can buy shares in a fund that invests in gold and benefit from your investment being managed by professionals.

Gold coins: They are rare to find and are often sold at a value higher than the price of physical gold making them quite expensive.

Contracts for Difference: CFDs allow you to buy and sell gold in an intangible way and eliminate the risks associated with storing physical gold.

Gold Deposit Certificates: Are an alternative to real gold and enable the investor to buy and sell gold at its daily rate.

Therefore, although gold is considered one of the safest assets in times of crises, appropriate strategies and plans must be applied to ensure profits and limit losses. Keeping track of global economic news on an ongoing basis as their effect on gold prices allows you to predict future gold prices and remain profitable.

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
800
5. Try to determine the ideal profit target for each trade
You have probably wondered before about how to determine the ideal profit target for each trade. The first step to doing this is to avoid imposing external expectations on the market.

Yes, leave that to the amateur traders, and check your trading account's transaction history.

You could enter this information into a trading simulator and investigate what would happen to each trade if you didn't close it at the wrong time. Record the alternative results so that you can determine the ideal profit target for each trade identified by your trading system.

Despite the importance of all the previous advice, you must remember that it is very likely that you will not reach your trading goals. Setting the ideal profit target requires immense skill and insight, which unfortunately cannot be arbitrarily estimated. But following these tips and constantly evaluating your trading results will set you on the path to success.


6. Develop your style of trading
There are no right or wrong methods of trading currencies; the important thing is to choose the method that reflects your personality, optimises your resources, and taps into your strengths.

The above elements will determine the conditions that push you to open trades, set your stop-loss orders, and when to close trades for either a profit or a loss. Your trading style should reflect your daily goals to increase the profit potential of your trades.

Executing a trading plan that allows you to make profitable strategic trades depends on finding the right trading style for you.

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7. Track your progress and extract valuable lessons.

Your time is the most critical asset you own, so you must make the most of it when trading. This requires that all your trading decisions are not affected by your emotions. Always stick to your chosen trading strategy to increase the chances of achieving your trading goals.

Whether you are a day trader who closes all their positions at the end of the day or a swing trader who holds their positions overnight, focus on making progress daily. Always analyse your trading performance at the end of the day and draw lessons on what you did right or wrong, which will make you a better trader over the long term.

Keeping a record of your trades will allow you to identify your strengths and weaknesses to keep improving your skills to become a better trader. You can use these processes to identify your unique path to becoming a successful trader.


8. Try to understand the psychological factors of trading
Your psychological state is one of the main factors determining whether or not you will succeed as a trader. Trading is a mentally taxing endeavour, and the best traders know how to control their emotions so that they do not affect their trading decisions negatively.

If you set yourself a daily profit target and achieve it in the first half of the trading day, how will that affect the rest of your day? Will you continue trading while minimising the amount of money you speculate with? Or will you shut down your computer, content with having attained your goal for the day?

Understanding and mastering your psychology will help you act logically when trading forex to make the right trading decisions aligned with your trading strategy. The journey to becoming a successful trader requires you to master your human psychological tendencies, most of which go against the fundamentals of trading.

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9. Learn how to deal with risks
Your ability to handle the risk inherent in each trade is a determining factor to your success as a trader. You have to fight fear, which is a powerful emotion, to make the right trading decisions constantly.

Mastering fear will help you handle the risk of opening trades identified by your trading system and keeping winning trades running for the maximum profit while cutting short your losing trades.

Fear can keep you from taking all the trades identified by your system, closing down losing trades, and letting your winners run, which is the opposite of what you have to do to become a successful trader.

Therefore, you must acknowledge the dominance of risk in trading, start with a demo account if you have to. This will allow you to prepare for all possible losses and potential trading profits psychologically. If you want to make consistent profits, you must keep assessing your risk tolerance.

You should always keep potential risks in mind when preparing your trading plan to not leave room for surprises that are difficult to deal with.

There is one thing that all successful people have in common, regardless of the fields in which they work, and that they all follow a specific routine and adhere to it.

Focusing on your trading routine will get you positive overall trading results instead of focusing on a daily profit target, which you might not attain, leading to a lack of motivation.

Set up a Metatrader 4 account or Demo Account start trading now!


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
800
Many people are looking for information about Bitcoin, the leading cryptocurrency, which has recently witnessed a massive rally in its share price. However, the cryptocurrency market is known for its volatile price swings that can plunge traders into losses instantly. Despite the volatility, traders who know how to minimise their risk exposure and trade manageable positions can successfully trade digital currencies such as Bitcoin.


Two steps to start investing in digital currencies
1. The first step to trading digital currencies is to choose a reliable trading platform. Currency trading has become very popular, and there are many brokers and platforms that support digital currency trading.
2. Secondly, you need to open a real Bitcoin account and activate it, after which you can deposit funds into the account and start trading digital currencies.


How To Assess a Digital Currency Project
The best digital currencies have real-world value and applications. They are widely used as a store of value or to provide valuable services to society. For example, Bitcoin is used as a currency, and its acceptance as a mode of payment globally is growing.

Some digital currencies have other use cases, such as Ripple, which is widely used within the financial services industry to facilitate payments and other transactions. The Ethereum network is also used widely by other cryptocurrencies as the underlying technology.

These three digital currencies are the most valuable, and their real-world use drives their high valuations. The cryptocurrency projects that fail usually do not have a solid use globally, which is why they failed over the long term.

There are many other characteristics of successful digital currency products, but this is why some projects are successful, and most are not.

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Top 10 tips for trading on the market Currency digital
1. You must only risk money that you can afford to lose and do not trade with money meant for other purposes, or loans, as this will put undue pressure on you to make profits.

2. You should set small, easily achievable goals, which will motivate you to take on more significant risks and challenges that yield more profit.

3. Constantly track the instruments you are trading so that you can correctly anticipate future price movements and use them to profit from the markets.

4. Always track your emotions to ensure they do not interfere with your trading decisions. While you cannot ignore or eliminate your emotions, you can manage them well so that they help you become a better trader.

5. You should not rely on luck or guesswork, successful traders look for the best setups and take calculated risks that allow them to be profitable over the long term.

6. Always learn from your mistakes by analysing your trading performance to identify your strengths and weaknesses to ensure your trading plan is based on your personality.

7. The best traders do their own analysis of the market and do not rely on anyone to give them trading signals, which should be your long term goal.

8. You have to believe that you can be a successful trader despite all the challenges that come with being a successful trader.

9. Always keep educating yourself on how to be a better trade by learning from expert traders and from your experience.

10. Currency trading can be a full-time job, but very few people get to this level. You can trade the markets alongside your day job until your trading profits exceed your employment income.


Trading digital currencies for beginners
As a beginner trader, trading digital currencies is not very different from trading Forex pairs, but there are slight differences that you should know. Firstly, cryptocurrencies are more volatile than fiat currencies, which is unlikely to change.

You need to monitor your digital currency trades more closely than Forex pairs, given their much higher volatility.

Despite the challenges associated with trading digital currencies, they have much higher profit potential than most other instruments because of their volatility. Therefore, you should be aware of the characteristics of digital currencies before deciding to trade them and incorporate the same into your trading plan.

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How To Become a Successful Digital Currency Trader
Having a good understanding of trading will give you a slight advantage when trading digital currencies as even the most successful traders have to adapt to changing market conditions constantly.

Most beginner traders look for an easy way to become successful traders, which is why many new traders fail and quit trading altogether. Unfortunately, there is no easy way to become a successful trader.

However, there is a right way to become a successful trader, and that is to study the markets, prepare well for your trading day, and trade your plan. Most unsuccessful traders do not follow these rules and end up being disappointed and racking up significant losses.


The Basics of Currency Trading
The bid and ask prices are quoted, so the bid price is the one you can buy the currency at, while the ask price is the one at which you can sell the currency. If you are buying a currency pair in a trade, you must think that the currency pair’s value will rise over time and make you a profit when you sell it at a higher price later.

The opposite is true when you sell a currency pair as you expect prices to fall, making you a profit when you repurchase it later at a lower price to close the position. A currency pair rises when the value of the first currency is higher than the second currency, and it falls when the value of the second currency is higher than that of the first.

Therefore, you are constantly betting that the price of one currency will rise at the expense of the other currency, making you a profit on your trades.

If you ever wondered about what forex is, you may have heard of contracts for difference (CFDs). There are two ways to trade forex, which are using CFDs or through spot forex, also known as margin. As traders, we usually trade CFDs, which are online instruments, while spot forex involves buying and selling the actual currencies like you would do when travelling to another country.

Set up a Cryptocurrency or MetaTrader 4 account and start trading now!


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.
 
Messages
160
Great advice, and I like that you have pointed out number 9 is often forgotten about. Adhering to your plans is extremely important - an imperfect plan that you follow completely is less risky than a perfect plan that you fail to adhere to.
 

V_Minh_T

Corporal
Messages
75
Good written, thank you for sharing. It is very important to keep your head cold and not to get depressed after losses
 

Kelly Yeung

ATFX.com Representative
Messages
800
Trading currencies is exchanging one currency for another by buying one currency while selling the other to make a profit. Trading physical currencies is done via currency exchanges, while trading currencies online is done via brokerages. Currency trading is also known as Foreign exchange or Forex trading. As a trader, you will be trading virtually via a Forex broker without exchanging actual currencies.

Let’s now dive into the details of how Forex trading and the Forex markets work.


How Does Forex Trading Work?
As a Forex trader, you make money by buying and selling currency pairs. For example, you can buy the USD/JPY currency pair expecting it to rise in value so that you can sell it later. By buying the currency pair, you bet that the US dollar will rise in value while the Japanese yen falls. The online Forex markets are connected to the real world values of the currencies traded.

The Forex markets are the largest financial markets globally, with daily transactions exceeding $5 trillion. Therefore, there are multiple trading opportunities available to you daily. The majority of the transactions in the Forex markets are done by international banks, hedge funds, investment banks, institutions and governments.

As a retail trader, you should always trade in line with the dominant trend, typically set by the larger institutions mentioned above.

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Thanks to most people having easy access to the internet worldwide, Forex trading is now easily accessible to almost everyone worldwide. You can easily buy and sell currencies on the internet to make a profit from the comfort of your home. Unlike the stock markets, the Forex markets are open 24 hours a day, five days a week.

Here are some crucial facts about the Forex markets:
  • The major or main currencies, which are also the most traded globally, are the US dollar, the euro, the Japanese yen, the British pound, the Swiss franc, the Canadian dollar, the Australian dollar and the New Zealand dollar.
  • The major currency pairs consist of the major currencies paired with the US dollar, such as the euro/ against the US dollar, the US dollar/ Canadian dollar, etc.
  • Minor currency pairs are made up of the major currencies paired against each other instead of against the dollar, such as the euro/ against the British pound (EUR/GBP) and the Swiss franc vs the Japanese yen (CHF/JPY), and so forth.
  • Non-traditional exotic) currencies are the currencies of countries with high economic growth but with some challenges such as low liquidity and lack of trading volume. Such currencies are regarded as being quite risky as it is difficult to predict their future price direction. They include the Norwegian krone, Hong Kong dollar, Thai baht, and South African rand.
  • Non-traditional currency pairs consist of one currency other than the conventional ones and a single major currency.
Forex trading works in pairs where the value of one currency is measured against the other to make a currency pair and the broader Forex market. Currency pairs are written in this format EUR/USD, with the left currency being the base currency and the right currency being the secondary currency. The exchange rate refers to the price paid in the secondary currency to buy one unit of the base currency.

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Profit from currency trading is made via the difference between the bid and ask price of currency pairs. When a trader buys a currency pair such as EUR / USD for a specific amount, the trader will profit if the price rises and will suffer a loss if the price falls.

If a trader sells a specific currency pair, he will profit if its price falls and book a loss if the currency pair’s price rises. The movements of a currency pair depend primarily on its liquidity, which is determined by the supply and demand for each currency in the global forex markets. The major currency pairs are the most liquid.


5 Beginners tips to get started in Forex trading
  • Choose a reliable and licensed Forex broker that will protect your funds and adhere to the best practices required by regulators.
  • Choose a broker regulated by a top-tier regulator, preferably one offering deposit compensation if the company declares bankruptcy.
  • Research the services offered by the trading broker to know their trading costs and the quality of their customer service.
  • Confirm that your preferred broker offers all the right trading tools suitable for beginners who may be unfamiliar with how the markets work.
  • Learn about forex trading, including proper risk management, technical analysis, and trading psychology.

Advantages of Forex Trading
There are several reasons people choose to start trading currencies, including making an extra income from anywhere without going to an office. The second reason is the significant income potential provided by the markets compared to a traditional job. The multitude of profit opportunities in the Forex markets also makes it very attractive since it is the most liquid financial market globally.

The forex market is also the largest financial market worldwide and can be traded 24 hours a day, five days a week, unlike other markets that are closed for several hours each day. Currency trading also has lower costs compared to other assets such as stocks that have higher transaction charges. The high liquidity of the Forex markets also makes it easy for traders to quickly open and close trades to minimise losses and maximise profits.

Set up a Metatrader 4 account or Demo Account to kick start your trading journey now!


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
800
What is the forex or foreign exchange market? How can you trade forex as a beginner? These are questions asked by many new traders, but the answer is simple. Forex is the global financial market through which traders and investors trade currencies, commodities such as oil, stock CFDs from leading stock exchanges, precious metals such as gold and silver, and various digital currencies. The forex trading market is the largest financial market globally, where nearly $5 trillion is traded daily, making it one of the most liquid markets globally.


But How Does the Forex Trading Process Work?
The forex markets allow traders and investors to buy and sell currencies, which affects the values of the affected currency pairs. For example, when traders buy the euro, they usually sell another currency such as the dollar to buy euros. Therefore, the euro’s value will rise while the dollar’s value falls as it is being sold.

The most significant moves in the Forex markets are driven by global institutions and governments that need large amounts of one currency to settle their transactions. Retail traders can profit from the moves made by governments by buying currencies that are rising and selling those that are falling. Some popular currencies include the euro, the US dollar, the Japanese yen, the pound, and the Swiss franc, which are typically paired against each other.

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Is Forex trading risky?
The answer is yes. Forex trading carries a high level of risk, but there are different methods that you can use to reduce and limit your risk exposure as a trader.
  1. Always have an updated technical analysis perspective of the markets.
  2. Constantly follow the fundamental news and events that affect the markets.
  3. Stick to the right trading plan based on your personality.
  4. Seek advice from expert traders who are willing to share their expertise.
  5. Design a trading strategy that works for you.
As a beginner trader, it is advisable that you open and trade on a demo trading account with a trusted broker before opening a live account and risking your hard-earned cash. Trading on a demo account will familiarise you with the Forex markets and your broker’s services and will allow you to test your trading strategy. Once you are successful on a demo account, you can open a live account and trade real money.


Factors Affecting the Online Trading Market (Forex)
Some factors tend to impact the Forex markets as a whole as well as on individual currency pairs. The main factors are global political and economic events, especially in the largest economies such as the US, China, the EU and the UK, which tend to have a ripple effect across the financial markets.

The forex market is connected to all countries given that most countries trade with each other, which is why they are affected by political and economic events. The market operates 24 hours, five days a week, starting with the opening of Australian markets, then Tokyo, then London, and the New York markets, with the most active sessions being the London and New York sessions.


Forex Trading Steps
To invest in the online currency trading markets, you must follow a few steps to increase your chances of success as a trader by limiting your losses and increasing your profits.
  1. Learn the principles of foreign exchange trading.
  2. Know how to predict prices using support and resistance levels.
  3. Learn how to use the MetaTrader platform.
  4. Learn technical analysis and how to use indicators on charts.
  5. Know how to identify the correct entry points to maximise your profits.
  6. Learn how to minimise your risk exposure using proper risk management.
If you follow these steps correctly, you will gain extensive experience in trading the Forex markets, which you can use to become a consistently profitable trader. It might take time to build these skills, but you can use them for the rest of your life once you have these skills.

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Advantages of Forex Trading or Online Trading (Forex)
Trading the forex or foreign exchange market has many advantages that are different from other investments, so they have attracted a wide range of traders and investors. Here are a few advantages of Forex trading:
  1. Forex markets can be traded 24 hours, five days a week.
  2. You can start trading with little capital.
  3. The forex markets are highly liquid financial markets.
  4. You can quickly profit from falling and rising prices.
  5. You can trade from anywhere in the world at any time.
  6. You can trade through a demo account and a real account.
  7. You can use leverage to trade positions larger than your account.
  8. There is a wide selection of currency pairs and other instruments.
Therefore, the Forex markets are a very distinctive market for traders and investors worldwide, given its many advantages over other asset classes.


Online Trading Strategies (Forex)
To achieve success in trading the Forex markets, you must follow a trading strategy aligned with your trading method, strengths and weaknesses. There are numerous strategies used by traders to trade and profit from the global financial markets, including:
  1. A price breakout strategy set at a designated resistance zone.
  2. Strategies based on the highs and lows.
  3. Other breakout strategies.
  4. The Recovery Zone Strategy.
  5. Automated Strategies.
  6. Moving Average Indicator Strategies.
  7. Bollinger Bands Indicator Strategy.
  8. Quantities double strategy.
Therefore, you must carefully analyse the state of the markets from all angles, whether it is the political angle or the economic angle, to ensure that you choose a trading strategy that suits you. Your strategy should also fit the current state of the markets to help maximise your profit opportunities and limit your losses.


Forex trading via brokerage firms
Brokerage firms (forex brokers) are spread worldwide to help traders and investors access the global financial markets. Brokers allow traders to trade different instruments, which they could not access otherwise. Investors can trade commodities, currency pairs, stocks, and other instruments for a small fee. You should choose a Forex and CFDs broker who can meet your trading needs based on the following criteria.
  1. Globally respectable licenses such as the FCA and CySEc licenses.
  2. It has integrated customer support service.
  3. Provides trading ideas and advice on how to trade the financial markets.
  4. Engages respected trading experts to teach its clients about the markets.
Therefore, you must follow all the steps outlined above to become a successful trader. You must understand how the fundamentals, including political events and economic releases, affect the markets and specific currencies. You must also understand technical analysis to identify the best trading setups and opportunities. You should also know how to minimise your risk exposures and trade the appropriate size for your account. Doing all the above consistently will help you become a consistently profitable trader.

Set up a Metatrader 4 account or Demo Account to kick start your trading journey now!


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
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Bitcoin is the leading "digital currency," which means that all operations and transactions related to it, including issuing, buying, holding and selling them, occur on the internet. Unlike regular/fiat currencies, Central Banks or other monetary authorities cannot print or coin them using paper or metal. On the other hand, traditional currencies such as the dollar, the euro, and the Japanese yen are controlled by their respective governments via Central Banks.

Interest in Bitcoin among consumers, traders and investors worldwide has skyrocketed due to several factors, chief among them being the surge in its price. Other factors contributing to Bitcoin’s popularity include the speed, security, and ease of making global transactions with the cryptocurrency. These factors have made bitcoin the leading crypto.

As a result, large groups of traders have benefited from bitcoin’s popularity and appreciation, making considerable profits in the spot markets, CFD trading, and futures trading. Before starting with the four basic steps to trading Bitcoin, we will list some of the cryptocurrency’s main features. Many believe that Bitcoin is the biggest competitor to traditional currencies and can bring about radical changes in the global financial markets.

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Bitcoin is a global currency that is not printed on paper or by any government, which means that it is not directly connected to any country’s economic conditions and politics. However, Bitcoin’s value can be affected by the global economic uncertainty that may affect the leading currencies causing investors to buy Bitcoin as a hedge, causing its prices to surge.

You can start trading Bitcoin from anywhere, as long as you have an internet connection and funds that you can convert into digital currency. The digital currency revolution has eliminated the barriers created by different currency exchange rates and contributed to creating an inclusive global economic system.

You do not have to buy a who;e bitcoin to start trading since one bitcoin can be divided into a hundred million parts (0.00000001 BTC), and many exchanges allow investors to buy Bitcoin in small portions worth a few dollars.

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Bitcoin trading is available 24/7, distinguishing it from physical stock and currency exchanges that operate for fixed hours five days a week. You can trade Bitcoin 24 hours 7 days a week, unlike Forex trading, which opens 24 hours 5 days a week and closed over the weekends.

Anyone can buy bitcoin or sell bitcoin at any time from anywhere across the globe, with millions of transactions being made every day. Therefore, you can confidently make bitcoin transactions without having to worry whether you will find a buyer or a seller to complete a transaction.

However, you should be aware of Bitcoin’s massive price fluctuations that could see the value of a transaction rise or fall within seconds to reflect abrupt changes in Bitcoin prices. There is little you can do to stop the price swings affecting your Bitcoin holdings or transactions, and you should be comfortable with the same if you are trading or transacting with Bitcoin.

Now that you have a good idea about Bitcoin let’s show you the tips to get started!


Four easy steps to start trading Bitcoin:

1. Create an account. You have to open a Bitcoin account before you can start trading CFDs, which typically takes only a few minutes. After that, you will be able to make your first transaction as soon as you deposit the required amount into your account. Note that you do not need an account on the Bitcoin exchange if you do not want to buy and sell actual bitcoin. If you simply want to profit from Bitcoin’s price swings, you can trade with a broker who displays the best prices from several exchanges.

2. Once your account is open and funded, you should prepare a trading plan to help you profit from Bitcoin’s price swings. Having a trading plan will help you make objective decisions when trading to capitalise on the low-risk, high reward trading setups while avoiding poor trade setups. A good trading plan will also help you minimise your risk exposure and increase the size of your profits by holding your winning trades and cutting your losing trades.

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Five tips for preparing your Bitcoin trading plan:
  • Determine your trading goals and divide them into several stages, including short and long-term goals.
  • Determine the percentage of risk that you can accept for each transaction and the maximum amount that you can bear to lose.
  • Choose an appropriate risk-reward ratio so that you know how much potential profit you need to offset potential losses.
  • Choose the markets you want to trade and decide if you want to start trading Bitcoin only or try a few other cryptocurrencies.
3. Gather As Much Information as you can about Cryptocurrencies
This may sound like common sense advice since you should always make sure to do your research before making any investment decisions. Although past performance does not guarantee your future profits, history can act as a good indicator of how an asset will behave under similar market conditions.

Therefore, you should trust the decisions made from historical data instead of your feeling and intuition, especially if you are a beginner trader, always stick to your trading plan. Experienced traders sometimes rely on their intuition, but they benefit from spending many years analysing historical data and trading the same instruments. The next and last step is to make your first Bitcoin trade.

4. Make your first Bitcoin trade
The fourth and last step to trading Bitcoin is to make your first trade. Once you have done your analysis of the markets and identified a great Bitcoin trade setup, you can execute the Bitcoin trade using the bitcoin trading platform of your choice. You can set the price you want to pay to open the trade and wait for your order to be filled. To get out of the position, you reverse your initial transaction by buying or selling.

You should always have a stop-loss order at a predetermined level to minimise your risk exposure. Limiting your losses is a crucial pillar in every successful trader’s plan as it ensures you have the funds to take more trades in future.

You should also have a profit target for when the market goes in your favour. Remember that the market does not go up or down in a straight line, which means that you should take your profits at predetermined support and resistance levels to avoid losing out when the market inevitably reverses course. You should also allow your profits to run as much as possible.

Therefore, if you want to succeed in the world of trading, you will have to invest a large amount of your time and money in acquiring the right skills to trade volatile digital currencies. Trading is a career just like any other, and you have to study the markets and build your skills over time.

But if you only want to make quick profits from the markets, we recommend that you pursue another career to avoid the massive losses that you will most likely incur with such a mindset. Trading is not a get rich quick scheme. It is a skill that you build over time.

Set up a Bitcoin Account or Demo Account to kick start your trading journey now!

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.
 
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