Brave and confident people in human history have always been successful. They did this in a variety of ways. This happened because confidence in success allowed them to concentrate on their goal and maintain motivation for a long time. And all this in order to finally find their way to fame, prosperity and self-realization.
One of the possible ways to achieve the desired has always been the global market. Stock - due to its high volatility, and foreign exchange - due to the simplicity of analyzes and forecasts. The most intelligent of the successful trading people have learned to work with both types of markets.
Why should I become a trader in the forex market?
The answer is very simple: because in every person there is a hidden or overt desire to realize oneself. Every child in childhood has inclinations that can only be revealed if he tries and experiments. With optimism, moving through life, he will learn from his own trials and mistakes. The moral is this: if you don’t try, you don’t know! Accordingly, it is now easy and simple to answer the question posed: then, to become one, if this business is to your liking.
The Forex market is speculative. However, the negative that is heard in these words appears only when money controls your life, when it is closely connected with emotions. Although in reality it’s just pieces of paper, and only the person who controls money, and does not obey it, can learn to manage and increase it.
Where to start a beginner on the stock exchange?
First of all, you should get acquainted with the structure of the Forex exchange. This is an interbank currency exchange market, the main players of which are commercial banks, central financial institutions of countries, as well as large fund managers. Private individuals can also trade in the Forex market, but for this they need to have their own broker who will execute orders to buy or sell currency. One of these is Admiral Markets, a forex broker that has existed on the market for more than 15 years and successfully goes with its customers the path to success in this economically unstable world.
Why is company life so important? Exclusively because it is an indicator of the stability of the organization. About Admiral Markets (Forex), reviews can be very different, but nothing can raise confidence like the ability to stay afloat when less successful companies go bankrupt in the face of severe market fluctuations.
Why Admiral Markets?
Just because it's hard to find the same company that Admiral Markets is in the Forex market. Which is better to open an account? Which currency pairs to choose? Competent consultants will answer all these questions.
The company provides training in the basics of trading and working in trading terminals at its own expense. It is carried out through webinars and online courses taught by the best traders of the company.
Admiral Markets is a forex broker who cares about its clients. Despite the fact that the company is registered in the UK, it has a representative office in Russia. This is important because it guarantees the availability of Russian-language technical support, which, if necessary, will help in a difficult situation.
What does Admiral Markets get from this?
Everything is simple. Admiral Markets is a forex broker who earns in the same way as other similar companies. The organization receives a spread, the difference between the bid and ask price. Her earnings directly depend on how experienced the trader is and how often he trades financial instruments through his broker. That is why it is beneficial for companies to train their clients in trading in order to earn money with them.
The exchange allows you to use not only the Forex currency market. Admiral Markets also provides an opportunity for its customers to trade contracts for stocks, bonds and indices, which increases the opportunities for increasing earnings.
Can I start trading right away?
It is possible, but it will be counterproductive, since without knowledge of competent technical and fundamental analysis it will be difficult to predict the price movement for a specific financial instrument.
Now every trader has the Internet, and the possibilities for studying a subject are almost endless. Hundreds of printed and video materials on specific topics are in the public domain. Dozens of people share their best practices and ideas on the World Wide Web. However, you should not go too deep into the study of this subject. Since knowledge without practice will not bring you income, it is most reasonable to find the optimal balance between theory and its application.
And what about a person who does not get along with exact sciences since childhood? This problem is also solvable, since each successful broker issues its own market analytics. It is set out available for almost any person. This is also done by Admiral Markets - a well-known forex broker in the market, largely due to its accurate forecasts and qualitative analysis.
What are the benefits of Admiral Markets?
There are quite a few advantages. So what are the reviews about Admiral Markets ? Feedback from traders about the broker is the first advantage. They consist of dozens and even hundreds of individual evaluation criteria, but remain common and unchanged, such as, for example, the convenience of a trading terminal.
Admiral Markets works with the Metatrader 4 platform. He uses it under a manufacturer’s license, which he pays for himself. That is, the company does not try to shift the burden of these costs onto its own customers and provides the terminal completely free of charge. You just need to go to a specific page of the site and then select your operating system to download the necessary file and run it on your computer. Admiral Markets also provides quotes for free. All this is done for the convenience of customers, as it creates favorable conditions for an ordinary trader.
Admiral Markets trades on the interbank market?
Traders often ask similar questions. However, it doesn’t matter at all whether the broker withdraws your transactions to the interbank bank, since this does not affect the profit of the average trader.
All that is important to know for successful trading is the timeliness of withdrawing earned money to your bank account. Simply put, such questions are important only for large players operating in the millions of dollars.
Which is better - technical analysis or fundamental?
This is an interesting question because proponents of technical analysis will argue that their method is fundamental. That he is the best tool for understanding the market. Proponents of fundamental analysis will shout how important indicators, policies and the global economy are in pricing financial instruments. In reality, it turns out that both approaches are important. Experienced traders use both technical and fundamental analysis, making more profit than those who advocate any one method.
Admiral Markets Reviews
Many traders also have a question about whether to trust broker reviews. First you need to understand the sources from where the bulk of experienced traders take information.
Reviews about Admiral Markets can be read on the official website. There are both positive comments, where people express their gratitude, and constructive criticism. Many users note the speed of administration's response to all customer messages. If any problem arises, then the company's employees will solve it as soon as possible.
Novice traders pay attention that among the most successful organizations is Admiral Markets (Forex). Broker reviews in large quantities. They can be found in numerous independent forums for traders, where professionals share their experience with an open mind and honesty.
Users agreed that in general it is worth trusting such successful companies with a long history like Admiral Markets. A lot of companies now provide Forex broker services, many of which do not even have a three-year history of their existence. As experience shows, such projects for the most part cease to exist (go bankrupt) in the next couple of years, as soon as an unstable situation in the global economy occurs. Those that survive will probably be as successful as the Admiral Markets. Forex is a market that, in this regard, is quite harsh towards brokerage companies.
Some tips for mastering technical analysis
First, you should pay attention to the Dow theory. Its main postulates reveal almost the whole essence of technical analysis, making it as short and clear as possible. The Elliot Wave Theory should be the next step in mastering the price dynamics of certain financial instruments. In addition to it, one should learn to apply Fibonacci levels to make an adequate and reasonable forecast for price movements. It is also important to remember that all indicators are only derivatives of the price, and it, in turn, is primary.
Will I be able to “disperse” my deposit?
Yes it is possible. For such purposes, special trading systems have been developed. They operate on the principle of increasing the lot, but only increasing the risk allows for profit growth with a small deposit.
A rather difficult task is to select a working trading system that will bring a stable income for a trader for many years. There can be two ways out of this situation: creating your own trading scheme using knowledge from the field of technical and fundamental analysis, as well as buying a ready-made system.
A ready-made trading system carries certain risks, but it can be a good help in the process of creating your own option by adjusting some elements, such as, for example, money management or the indicator period.
Finally, let’s say a few words about motivation. The ability to trade does not come to a person instantly. This requires months, and sometimes years of work on oneself, and a thorough study of the market.