Ariana C. Larson, Author at Aci Forex

The Different Payment Methods to Fund Your Forex Account

November 12, 2020August 27, 2020 by Ariana C. Larson

Investment opportunities like Forex require an accurate understanding of the market and the different fluctuations that come through time. Due to that, investors take a different stand while dealing with Forex as a move to earn profits. But for that purpose, one also needs to be aware of the different payments that fund a Forex account. Since it is a modern market, you will be rewarded with several payment methods that help you do things with ease.

1. eWallet Payments

Ease of use, lower transaction costs, and a number of other features have popularized eWallet to a large extent. The form of payment takes shape with particular methods that include Neteller, PayPal, Webmoney, CashU, and so on. Thanks to these options, people can choose the one they prefer the most and go about making payments when the time is right. Since the transaction gets cleared in a safe and secure format, you will have nothing to worry about.

Moreover, Forex brokers have already begun using this form of payment and even offer special bonuses when you use specific eWallet methods.

2. The Offline Mode

Apart from eWallets, offline payment methods are also quite famous among Forex investors. Traders who are involved with massive amounts of money are the ones who usually utilize this method and capitalize on the same. Among the different methods present in this system, Bank WIRE, Western Union, and Local Deposit are the most common ones. But if you’re planning on using one among these methods, then you also need to be aware of transaction fees and other forms of payments.

3. Debit & Credit Cards

One does not necessarily require an introduction for debit and credit cards because the payment system is quite clear and famous. By utilizing this option, you will be getting used to an instant form of transaction that completes your needs and takes things forward in the right manner. Apart from that, you can also request for a refund if you feel that you have made a mistake. Due to all that, using your credit or debit card is an excellent option to fund your Forex account.

The Best Method

Summing up these three options will clearly inform you about the best one from the lot, and it is eWallet Payments. As a cheaper and safer system, eWallet beats the rest, and you need to understand the same. The different aspects of advancement that it places forward are quite interesting, and you will be able to make the most from the same.

Hence, acknowledge these options and look into the same because funding your Forex account is essential, and you need to do so without fail.

How Do I Fund a Forex Account

November 12, 2020July 19, 2020 by Ariana C. Larson

Investing in the forex market is one of the best options for day trading today. It is the biggest trading market around the world that opens for five and a half days a week. You need a forex exchange account to trade and hold your foreign currency online. Having multiple trading accounts online can make your trading easier while managing different currencies for trading. To trade in forex, you first need to open an account, deposit the money you want to trade for a certain currency, and your account is ready to sell and buy currency pairs.

Funding your forex account is easier than it may seem when you are a beginner in forex trading. Most of the trades in forex happen with the help of banks (75%). One can trade for as little as $1000 and still make enough profits. Once you have a knowledge of how forex trading works, you are ready to open your forex account with the help of forex traders or brokers. There are three common ways to fund your forex account.

Credit/Debit Card Deposit

Debit or credit card deposits are the most common among traders as they are easy and can transfer directly from your bank account to your trading account. You can use your credit card to make a direct deposit to a forex account whenever you want. To make a deposit using your credit card, log in to your forex account, and select a credit card deposit. Enter your credit card details and make the payment. The amount from your bank account will be deducted, and an equal amount will be deposited into your forex trading account.

PayPal

PayPal is an online payment method that you can use to send and receive money across 150 countries around the world. It is a safe online wallet that helps you make direct money transfers without the need for banking details. Using PayPal is also easy, and you just need an account to make the payment. On the forex website, when you are on the payment methods page, choose PayPal for money transfer. This will redirect you to your PayPal webpage, where you will have to confirm the payment. You may also need the login details of your PayPal account if you are signing in from a new device. PayPay is faster than credit card payments that can get you started in seconds.

Wired Transfer

You can also deposit money in your forex account using a wire transfer. It is not the best option available for forex but is still useful while dealing with brokers. Learn how to wire money from your bank to your broker. The broker will keep and manage your account for you. As soon as they receive the funds, they will add it to your forex account. It is useful when you are unable to deposit money to your account and request the broker to make the trade so that you can wire them the money later.

What to Keep in Mind for Any Kind of Trading?

May 30, 2020 by Ariana C. Larson

To become a successful trader in any form of trading, you will need to put in your concentration into every event happening in the world that impacts the trading variables. Going by the trend will not take you to the set goal; you will need to have a proper approach to the objective. Not all trades are the same; be it for the functions or profits it brings. Stocks have been the most popular form of trading for centuries, but since forex came into the picture, a lot has changed. There is a constant competition between the two trades and are always compared for its features.

Regardless of the trade, there are certain factors that you need to keep in mind. Preparing yourself for the business is an integral part of starting a trade, and that would include understanding the basics of each trade. But there are these common concepts of trading that you must know prior to that. Let us have a look at those factors that you need to keep in mind for any kind of trading.

Build a Trust for the Data

You are not gambling when you sign up for trade; instead, there is a test of your wits happening when challenging stages come up. Knowing the market and its changing conditions is important in trading profitably. By building basic knowledge about the investments and gaining proficiency at it, you are more likely to make wise decisions of investment. Make sure that all your trading calls are adequately backed by research and data. Guidance from full-service broker firms can always be sought to help you with the analysis. Robo-advisors are enhancing the service provided by such brokers, making for more efficient trading since there wouldn’t be any form of emotions in the decisions made.

Future and Options are Crucial Pieces

Trading isn’t all about buying and selling stocks or certain currency pairs at the market prices; there is much more that you need to explore and understand before starting with your investments. Margin trading can help you purchase more than you had intended to with the money you hold. The derivative market works this way, which you need to understand for its pros and cons.

Calculated Risks

No one can guarantee returns for the money you invest; neither can the losses be predicted. So, it is always best to trade with what you can afford to lose. Make sure that you don’t touch the savings for future purposes so that you are not risking your life for a single trade. Don’t give in to the thrill that sets in as the trade proceeds and take unnecessary risks. Try and protect the trading capital as you stay in the trading business, especially in day trading.

Discipline and Stop Loss

These two aspects are linked because as you practice one, you would organically internalize the other. Using a stop loss at the right time during the trade can help you stay away from big losses and also inculcate a well-disciplined character within you, which is imperative in the trading business.

What to consider before setting up a Forex account?

May 30, 2020May 23, 2020 by Ariana C. Larson

Forex or foreign exchange is the trading of international currency to one’s profit. After the establishment of the Bretton Woods System trading in foreign currency become inevitable and gave rise to foreign exchange as we know it today. But times were different back then, the invention of the internet and advancements in technology has made it possible for small scale individuals to compete against large scale Multi-National Corporations (MNC’s). The primary objective of trading is to gain profit, and the case is that same with forex. When you trade your home currency with the legal tender of a country, which is higher than yours, then you are trading down.

Forex is the process of buying and selling international currencies to ones benefit. It works almost like the stock market, just that here you trade currency. The currencies and their values are always fluctuating depending on the market and happenings of the industry. Traders buy currency when the market has fallen and sell it when there is a rise in the value of these currencies. This might seem a bit complex, but the foreign exchange is easy to learn, before you invest your money, you will have to spend a lot of time to understand the market of these currencies.

Before you step into the world of foreign exchange, you must have enough knowledge about the sector. Market and industry analysis is a must. Without adequate research, the forex market will chew you and spit you right out, leaving you bankrupt. Forex is easy to learn but challenging to master, you will need to do a lot of reading before getting into this business, and it should be a continuous activity for this profession. In the stocks and forex market, information is everything, and you will have to estimate if the market is going to rise, fall or go in circles. Reading and keeping yourself up to date with the market news is essential, there are a lot of things which affect a countries market from the death of a political figure, emerging refugee crisis to diplomatic talks with other governments. A good trader should be aware at all times to protect his investment from crashing.

Brokers play an essential role in this industry, and you should be able to trust your broker with your investment. Research the brokerage firm and have a world with their other clients. Know what the rules and policies are and will it be safe to deposit your cash in their trading account. Once you are sure about the broker, take a demo account and familiarise yourself with the system. Later you can opt for a managed account or a funded account.

What are the Requirements for Opening a Forex Account?

May 30, 2020May 22, 2020 by Ariana C. Larson

Of all the business that runs the global economy, forex trading is one crucial piece in creating the big picture. As the hype surrounding the trade increased exponentially over the past few years, more people are trying it out. But you cannot just blindly sign up for the trade without understanding its working and basics. If you are stepping into the forex trade for the first time, you must gather all the information, train yourself for it, and then open an account for it.

Check for the brokers who can help you out with the trade, and decide on the one who looks to be promising enough to guide you through the track of making profits. In order to get this right, you will have to go through some forex demo accounts of various brokers. Once that is done, all you need to do is to go ahead with the sign-up process, which is not a strenuous task to get done with; only as simple as opening a bank account. Let us have a look at how a forex account is opened and what its requirements are.

Requirements to Get Started

The very first step to starting your forex trade is of opening an account with a broker. Personal information has to be provided in the early stage to set up your account. Once all the basic details are entered, you can sign up into the account and look for the features of the platform. Firstly, you will need to enter the following information about you:

Name
Address
Email
Phone number
Currency type for the account
Password protection for the trading account
Date of birth
Country of citizenship
Tax ID or Social Security Number
Employment

This page will be followed by the basic financial questions about the annual income, trading experience, net worth, trading objectives.

Why the Details?

The first question that arises in the mind of every beginner would be of the need for providing the brokers with this long list of information. That is to comply with the law that puts the brokers in a position to keep the necessary data about all their clients. Government regulations have been imposed in such a way that the customers stay protected in the trade. As forex went retail sometime after its launch, chances for the account holders(Must Watch) to be in trouble increased.

Not all trades would have such mines waiting for your massive leap on it, but there have been reports in the past of such incidents. This made the brokers gather information about everyone entering the platform as a pre-emptive measure. Make sure that your broker asks all these data at the time of sign-up since they are obliged to. If you come across any such broker who doesn’t ask for such information, there surely would be something murky about it. Go ahead and check about the broker’s authenticity and current status before signing up.

Top 4 Things You Should Know About Forex

May 30, 2020May 21, 2020 by Ariana C. Larson

Foreign exchange trade has been of the same standards as that of the stocks in its growth process, but it has now surpassed the stocks for it has developed itself in time. The popularity of the exchange has grown over the years, and it has now become one of the biggest pillars of the world economy. People who know the currency markets have always wanted to make money by increasing their investments in different markets; forex always being on top of this list.

All traders having deep-rooted knowledge in forex has a huge potential to gain profits by leveraging on the various options available today. If you are in the same position, you are likely to make a lot of money by trading currencies and exiting it at the right time. But you don’t have to worry if you have the least knowledge about the forex sector since you have plenty of platforms to learn about it before investing in the exchange.

More investors are being attracted to forex by the signals used in the market, and these people have been making money out of the ups and downs in certain currency pairs. With many players already in the market prepared to make the right moves during the fluctuations, it would be challenging to meet their standards. So, if you are planning to invest in forex, you need to have a basic understanding of the trade and certain other aspects beforehand. Here are the top things that you must know about forex.

1. Learn the Basics About Forex

Of all things that you should know about forex, the basics matter the most since they form the foundation to your establishment. You must learn how it functions, which can only be entirely grasped after going through all the terminologies. When starting with the forex trade, try and learn everything that plays a crucial role in the trade. Currency pairs, types of the forex market, signals, factors moving forex market, spreads and lots, leverage, pip, and margin are among the most basic concepts of forex that have to be understood in its truest sense before stepping into a forex trade.

2. News Reflects the State of Forex

This is one of the most important points about forex that you must know as people tend to overlook the news about the events happening around the world. Only by having regular access to all the latest news regarding fluctuations in crude, embargos, trade, market situations, and the relations between countries can you have a clear picture of what needs to be the next move in order to make profits.

3. Momentum of the Investment

You shouldn’t keep reveling in the glory of having earned some money when the market was at its peak. Keeping track of the conditions of forex is essential since that would be the factor determining our future cash flow.

4. Objectives Matter the Most

Sticking to your objectives and milestones is important when investing in forex. Each move of our must according to the plan you have set, else the whole trading may go astray. By doing this, you are more likely to become a winner by investing according to your risk appetite.

Is Forex profitable?

May 30, 2020May 15, 2020 by Ariana C. Larson

The foreign exchange market has gathered considerable momentum in the past few decades and seems to be growing at a phenomenal pace. As per a triennial report published in 2016 by the Bank for International Settlements, the foreign exchange market cap averaged $5.1 trillion per day. That is more than the Gross Domestic Product (GDP) of many countries combined. Forex has proved to be a highly profitable sector only if you are smart about your choices. Just like any other trading platform, foreign exchange or forex is prone to risks and crashes, but it allows intelligent investors a colossal possibility of profiting from their investments.

An intelligent investor always knows what he is getting into and what might be at stake, keeping this thought in mind he puts his money on a prospective currency and waits until the desired result is achieved. Although forex is a high-risk market, it has great potential for securing a profit. People often treat trading like gambling in a casino, forex is not a game of luck; it is based on fluctuations in the market and outcomes of diplomatic relations between international governments. If you invest wisely, foreign exchange is a platform which will earn you a lot of money, but if you are one of those who think of it as a one-time deal, then you are in the wrong place. It is evident that there will be loses in this industry but to keep understanding what went wrong and not making the same mistake again is what an intelligent investor should do.

People often invest without doing adequate research on the currency; they make spontaneous decisions and end up losing their money. You must formulate a comprehensive investment strategy and discuss your plans with the broker so that your chances of incurring a loss will be minimalised. You should be aware of how different currencies are performing and what are the factors which affect its status. Keep track of these factors and know when to invest, you plan for long term investment option. Short term plans may have their advantages but are filed with higher risks and even higher brokerage charges.

Know the terms and jargons used in the industry, and that would only be possible vis reading. This industry can prove to be a highly profitable business only if you are entirely aware of how this machinery works. The cost of one currency affects the value of another current, and you must be on your feet and understand how to read between the lines, for example, your currency will be affected if a buyer of commodities another had his goods destroyed in a shipwreck. Apart from that, keep an eye on international organisations, courts and NGO’s as they are highly capable of creating fluctuation sin the market.

How is the Forex market suitable for beginners?

May 30, 2020May 10, 2020 by Ariana C. Larson

Forex, also known as foreign exchange, is the buying and selling of international currency as a continuous trade in an independent environment. Unlike the stock market, the foreign exchange industry is not regulated by any central authority, which makes is easily accessible to new traders. In the past few decades, investments in foreign exchange have seen a considerable increase in the number of traders and the amount invested. On average, the foreign exchange market amounts to more than 5 trillion US dollars in a day while the stock market floats at roughly 200 million US dollars in a day.

The whole idea of trading in currency originated after the implementation of the Bretton Woods system by the International Monetary Fund in 1994, which established the US dollar as the primary currency for all international trades. This gave birth to forex, the trading of two currencies by private parties. As of now, forex has become a force to be reckoned with, and it attracts a higher number of new traders than the traditional stock market. Since any central authority does not control forex, entry and exit become very easy.

Foreign exchange proves to be more comfortable for a new investor as it does not function using a lot of variables. The stock market has millions of listed companies to choose from, and that becomes a tedious job. The forex market is limited to the number of currencies present, and people mostly trade in the high currencies which narrows down the spectrum even further. Given the endless list of shares, the stock market requires you to be on the spot with your research and knowledge. Missing the business news on any beautiful day might cost you a fortune. The stock market is a highly sophisticated industry; minute changes in this industry can cause the market to crash. The forex, being an independent trading platform, requires less effort as compared to stock trading. The international currencies fluctuate daily, but it is relatively easy to understand the pattern and come up with multiple algorithms(must watch) to excel in this industry.

Since forex is an open platform, the competition between the brokers is very high, and this reduces the charges of trading to a relatively lower point. But this same open platform gives spine to frauds and schemers, and it becomes comparatively easy to cheat new traders and flee with their money. The leverage in the forex market is another double-edged sword which can cause collateral damage. The leverage ratios for trading in currencies stand at an average of 50:1 while the same for the stock markets 2:1. Given this high leverage, it becomes easy to obtain large profits in a smaller amount of time, but the risk of losing it all escalates at a quicker pace.

How do you fund a Forex account?

May 30, 2020May 5, 2020 by Ariana C. Larson

A forex account is nothing but a foreign exchange account which is used by investors and traders to trade in foreign currency by keeping their home currency as the base unit. All foreign currencies are registered on this forum, and its services can be availed by creating an account and depositing money in your country’s currency. The minimum investment required to begin trading is a thousand dollars. You can select any forex broker and set up an account with them. It is advisable that you first create a demo forex account

These forex accounts are popular as they carter to a large number of audiences from different parts of the world. Once you are familiar with the demo accounts, you can move ahead with the permanent funded accounts like mini accounts, managed accounts and fully funded accounts. With an increase in the number of brokers available in the market, the maintenance and running cost of these accounts has significantly fallen. Begin with creating a demo account and then moving on to a managed account, if you are sure that you have learnt the art of trading and are familiar with complexities of investing you can create a funded account and be the master of your dreams.

Funding a forex account is relatively easy to learn, the user can transfer the desired sum using a variety of methods like online banking, cash deposit, bank transfer and the most usual way is by using a credit card. You will have to enter the details of your card into the system, and the money will be directly transferred into your trading account. These transfers are either instant or take up around 24 hours to complete the transaction. Many sites offer you practice trading simulators which are available online for you to practice trading before you jump into the real world.

You must go through the terms and conditions provided by the broker and get to know about the charges for transferring money from your bank account to your trading account. This will vary from one bank to another, but in most cases, the fee is set at a minimum so that it becomes appealing to the users and they are encouraged to feed more money into the trading account. Before you fund your account, gather enough information about the authenticity of the broker. You might regret it later if the broker service turns out to be a phoney one. Cross-check all details and gather intel on the broker, ask you licences and read reviews, only then proceed with depositing your money in the trading account.

How do I set up a Forex account?

May 30, 2020May 2, 2020 by Ariana C. Larson

The exciting world of trading is not for everyone, and it takes experience, persistence and patience to excel in this field, most of all, trading in the international market using foreign currencies. Share, stocks and investments have become very popular giving rise to a lot of brokerage firms who promise to help you in accurately investing and converting your funds. So what does it take to be a trader or an investor today? The answer is ‘nothing much’, in the early days of trading when everything was conducted on paper, people were learning about trading by other traders or the limited print media, but now the world can learn about anything under the sun using a device smaller than the palm of their hand. The internet has made things easier for new traders to find brokers and understand what the market has to offer. Today, a lot of brokerage firms allow their clients to first create a demo account with them so that they can familiarise themselves with how trading is done and what could be at stake if you are not well equipped with the skills. Forex came into existence after the establishment of the Bretton woods system which gave the investors a common currency for international trade.

To set up a forex account, you need to begin with finding the right broker as they will help you with everything, from setting up the account, transferring funds and investing in good stocks. There are thousands of brokers available in the market, all of them promise a safe, secure and jolly trading environment, but many of them are phoney and are willing to trick you into losing your money. It becomes essential for you to conduct thorough research on the reputed brokerage firms and decide what’s best for you. Talk to experienced investors and take their review seriously as these guys are industry experts and will be keen to show you the right way.

Once you’ve selected the broker, please spend some time on their website, reading the terms and policies of their organisation so that you are aware of what you are getting into. For a first-timer, it is advisable to opt for a demo account and learn the tactics of trading then move on to a managed account where the brokers will help you with the activities. When you reach a stage where you think you are confident enough to take the matter into your own hands, you can apply for a funded account, here the broker will work as an advisor, letting you know about current trends and update you on latest statistics.