Advertising on Forex trading is now in every magazine, online publications, on banner banners in the city and even on ordinary entertainment sites. We, as ordinary visitors, are trying in every possible way to “feed” the idea that with the help of trading on the Forex market we can all become financially independent, successful traders, find the key to success and fabulous wealth, make money on an apartment, a car and a yacht ...
Is it so? Why does everyone promise the “golden mountains” to everyone who starts trading on the Forex? And why, in this case, are we still not trading?
We will tell about this to everyone, as well as about one well-known and reputable trading platform - BForex.com - in this article.
The essence of Forex trading
So, you probably heard about the "Forex", but did not think about what it is. We tell you information that is publicly available: Forex is the largest center for trading currency values and shares in the world. Every day there is a huge number of brokers who work with traders around the world. With the help of such broker companies (intermediaries, in fact), everyone can gain access to this market and engage in trade. All that is needed is to have an account (for example, the BForex platform, which this article will be devoted to), a trading client installed on a computer with an Internet connection and a desire to engage in trade.
The process itself is quite simple: you see quotes of currency pairs or precious metals, as well as stocks of companies in real time. You have a deposit on which you can conclude a transaction for the purchase or sale of a financial instrument. In addition, according to the conditions of your account, the broker can provide you with a certain leverage that will increase your risk, but will also allow you to extract more profit if successful.
Your task is to predict how the course will change in the near future. If you are right and bought the company's shares before they go up, you are observing the growth of your profit from the current transaction. Conversely, if there has been a collapse in value, losses await you. Here, in fact, the whole process of trading in a nutshell.
Where to begin?
Based on this, we can note the following: to start trading, you need to create an account on the site preg.BForex.com (this site will be an example) and enter your personal data. You can start with a demo account: on it you can learn the basic principles of trading and learn how the market works. In addition, this beginning will serve as an excellent way to familiarize yourself with the interface of the trading client and the system interface.
Then, feeling confident in your knowledge, you must make a deposit in the form of real funds. Speaking specifically about the BForex site (reviews will confirm this), then the minimum amount for crediting here is 200 dollars. After replenishment, you can start trading.
The BForex platform is your guide to the world of Forex.
“Why exactly BForex?” - you ask. We answer: this is one of the oldest online Forex trading platforms. It has been on the market since 2007 and during this time has repeatedly proved itself to be the best. The objective of this company is to provide the highest quality service to customers by offering them professional investment tools. This concept includes everything: from the opportunity to open a demo account and gain access to the knowledge base and ending with analytical tools, strategies, and even tips from managers regarding how to invest and what to expect from the market.
Plus, of course, you can be sure of the honesty and transparency of the work of BForex. Entrance to your platform is free here, and the site does not contain malicious viruses or intrusive ads.
Learning opportunities
Enumerating the advantages of this site, of course, we will reveal a little more thesis about learning. Indeed, even if your personal advisers (which are provided by the company to each user) recommend investing in a particular financial instrument, for the safety of your finances, do not blindly trust them. It is recommended to take such advice as indicators, but make the final decision based on the situation on the market.
Let's just say this: trust, but in any case rely on your own knowledge and experience. The latter can be obtained, by the way, here - in the "ForexAcademy" section on the BForex website. The reviews recommend that you refer to one of several sections that are here: “Fundamentals of Forex”, “Webinars” and “Educational videos”. Each of them contains a lot of interesting and informative materials that can become excellent helpers on the way to studying Forex trading. Most importantly, all this is available in free form to anyone who would like to start making money.
Account replenishment conditions
Before you can enter your platform on BForex, you must, as already noted, make a deposit. This is simple, given the huge number of deposit methods available to the user. So, all deposit methods can be divided into: bank transfers, Visa and Mastercard cards and, of course, online currencies. Obviously, the category of the latter guarantees the most comfortable and fastest replenishment of the account. So, BForex (reviews confirm this) supports working with systems such as Skrill, Qiwi, OkPay, CashU, Neteller, RBKMoney and others. Of course, all of them are available to users from our country, so there will be no problem with making money.
In addition, when making a deposit on BForex, you can expect a bonus - the amount that will be credited to your trading account additionally. Of course, they will not be able to rent it for you - but they will allow you to trade for this amount in order to get even greater profit in the future.
Withdraw funds
In the event that the amount in your account as a result of trading reaches the figure that you want to withdraw, you will need to order a withdrawal. It should be remembered that the conclusions are made to the card, payment system account or bank account that was used as a means of replenishment.
In order to conduct the withdrawal procedure, you will also need to confirm your identity. This is done by sending a copy of the passport and a scan of a credit card to which you will withdraw funds. All this, of course, is aimed at ensuring the safety of the trader’s money.
User reviews
What are the reviews of ordinary users about BForex? Mostly, of course, these are the characteristics of the project as a long-lived and reliable broker, which has rather favorable conditions and first-class support. However, there are also a lot of negative opinions that BForex managers sometimes deceive people by promising them a guaranteed income. As a result, a person can replenish the account, after which he will lose the entire deposit.
Of course, this may be true. On the other hand, having no experience, investing in the Forex market is in any case tantamount to a waste of money. Therefore, blaming someone in this situation is stupid: the user realized what he was doing, and naively believed that he was waiting for the “Golden Fleece”.
When starting this adventure, remember where the free cheese is.
Alternatives to Earnings
Finally, if you clearly understand what threatens you with failure to work with BForex (the RU version of the site, by the way, is) - you can try an alternative. For example, the same binary options. As a trader, you only need to predict the direction of the course and the period in which it will occur. The scheme of work is much simpler, but the yield is at the level of 80 percent. Recommended to try.