Advantages of Forex Trading Online
A Quick Guide to Trading Forex Online
Forex trading can be overwhelming if you’re new to the concept, but it’s far less so once you have an understanding of how to trade Forex online, and the advantages of doing so. Trading Forex online has grown in popularity, for many reasons, and here at www.etxcapitalforextrading.co.uk we strive to make the process as transparent and convenient as possible, helping to resolve any issues that budding traders may have before they venture into the world of online Forex trading.
The international Forex market is considered to be one of the largest markets in the world, with over $4 trillion being traded every single day. As a trader, you can speculate on which direction a currency will go, over the long or short term, watching for any appreciation or depreciation in value between currency pairs, such as the Euro versus the US Dollar.
Trading Forex online
As technology and innovation have advanced, the Forex market has become more accessible than ever before, meaning that trading Forex online has seen unprecedented growth. With the Internet and brokers bringing a broad spectrum of individuals to the Forex market, FX trading isn’t only available to the heavy hitters – nowadays everybody has the opportunity to get in on the action, whatever their experience level.
When choosing an online Forex broker, it’s a good idea to look for a firm that has had many years in the business. ETX Capital has over a decade of brokerage experience, so can offer its long-standing reputation and expertise, as well as assured quality care to you, as a trader.
Trading online gives you access to competitive pricing and advanced technology to ensure you can analyse the market as accurately as possible. Using ETX as a broker gives you the option of four different platforms to suit your trading needs – ETX Trader, ETX TraderPro, ETX MT4 and ETX Binary – meaning that whether you’re after trading adrenaline-pumped short term contracts or you wish to complete technical analysis on the MT4 platform, there’s an option to suit you.
While it is possible to trade Forex offline, trading Forex online means that you can cut out the middleman. It opens up the market to independent parties, rather than just banks and corporate firms, and also offers exceptional liquidity. You can trade whenever you like, wherever you like, giving you access to the Forex markets without ever having to leave your chair.
When you use ETX you can instantaneously buy and sell currencies, and depending on which platform you choose to use, you can join in some fast-paced trading (with ETX Binary, for example) or you could use trailing stops with a platform such as ETX TraderPro. The availability of different platforms, such as ETX Binary and ETX MT4, allows you to trade using your preferred method, and access to trends, analytics and news means that you can always keep well-informed.
Depending on the brokerage you use, online Forex trading also allows you to trade on the move, with the use of mobile apps. The ETX apps – available on the iPad and tablet – and mobile site – available on the iPhone and Android phones – offer individuals the ability to trade whilst in transit.
Another big plus for trading Forex online is the extra security available to you. SSL certified sites like ETX ensure that your account, your money, your details, and your trade, are as safe as possible. ETX keeps client money safe in separate bank accounts to firm funds, and with the firm being part of the Financial Services Compensation Scheme, individual client money is protected up to a level of £50,000.
Whilst profits are never guaranteed, with a strategy in place and plenty of analysis and research any Forex trader has the potential to see profits, and online Forex trading will ensure that you’re in the best hands to do just that.