If you live in Hong Kong, the
first question you need to ask is whether you should trade on your own or with
a broker. This has nothing to do with trust issues, but you can get information
from different sources with the level of information. As a rule of thumb, if
the trader is an adult resident of Hong Kong, trading on their own from their
HK-based computer does not require any license.
We’ll discuss this more in a
minute, but basically, a Forex dealer needs a special license to accept
payments and manage accounts of non-residents—to wit: non-Hong Kong residents.
Who
would benefit from trading with a broker?
Many people don’t have much time
to monitor the news or follow other analysis methods. Since you can’t afford to
miss even a single 1-minute candle, it might be worth paying someone else to do
your trading for you. Many …
Forex is a trading market based on foreign currency and is open to anyone who wants to trade on it. In this article, you will learn what forex is all about, as well as how to become a successful trader.
An important tip when trading forex is to ensure that you lay out a plan first. This is important because you need to be completely aware of the market you are working with, as well as, your own concerns. You will find failure, if you do not understand the risks involved before trading. You must compare your goals to the status of the market and work from there.
Having an analytical mind is a great way to succeed in Forex, and luckily you can train yourself to think more systematically and logically about the market. Take your time to go over the numbers. You will need to devise charts and …
