9 Must-Haves When Looking for a Forex Broker

9 Must-Haves When Looking for a Forex Broker

If you're interested in trading currency in the Forex market, then the first thing you must do would be to locate Forex agents who supply the most effective services. There are only two things that matter to be able to succeed in the realm of currency trading. One, you need to get strong trading strategies. Two, you need to have a broker that is exemplary. Here are a few tips to locating the very best agent you'll be able to use.

1. Low Spreads. The spread is the key way Forex brokers render their profits. The spread is the difference between the price at which it can be sold at any particular point in time, along with the cost at which you can buy a money. When buying a agent, keep a look out on their spread costs.

2. Qualifications. Probably the most crucial thing of all is ensuring the Forex broker you use has the correct qualifications. Therefore, choose an agent registered with the Commodity Futures Trading Commission (CFTC) as a Futures Commission Merchant (FCM). This means you have legal protection against any abusive trading practices and scams which could appear.

3. Low Account Opening Number. Newbies in FX trading must realize that it takes a lot of practice to really master the trading game. You'll definitely not have sufficient capital to invest in the future, if you are to invest a sizable portion of your money right away and lose. Hence, ensure that your agent gives you the ability to trade for a small sum. Some Forex brokers offer as low as $100.

4. A wide selection of leverage choices. Leverage is required to trade monies due to the truth that price moves are only fractions of a cent. Generally, leverage is expressed as a ratio between the quantity of capital you supply to the amount a Forex broker will lend you. Remember the more leverage you use, the more danger there is in getting a margin call, however you also have the capacity for gains that are larger and vice versa. Generally, when starting out with a little bit of capital, make sure that the Forex broker you're using offers a comprehensive selection of leverage choices. This can certainly give you more control over the risk exposure you should be prepared to take.

5. What's their Rollover Policy? Do they have any minimum margin requirements that they utilize to earn interest on any overnight places? Plus, do they have conditions or any other requirements about you getting interest on any rollovers.

6. Instant Execution Of Trades. Time is the enemy in regards to Forex, especially during spikes or abrupt changes in money value. So, a platform that forthwith do every trade should be provided by Forex brokers. It's a good idea to talk to other Forex dealers in an endeavor to find out who are the Forex brokers that are better out there. As in any industry or business, there are some dodgy ones. There are lots of forums on the internet today that are dedicated to discussing all areas of Forex trading, including the discussion of Forex brokerages. These are great resources you'll be able to use allowing you to find some invaluable advice that could just save you being ripped off by some unscrupulous Forex broker.

7. Customer Service. Forex is a 24-hour market; hence 24 hour support is important. Can you contact the company by telephone, email, chat, etc? Do the customer support representatives seem to comprehend what their talking about? The quality of customer support can fluctuate from broker to broker, so make sure you check it out before starting an account. It's a good idea to contact several Forex brokerages to get a feel of how quickly they could respond to inquiries. Do not give them your business when they don't respond immediately, and with an acceptable answer.

8. Try A Demo Account. Once you are assess independent reviews and spoke to a customer care representative, it is time to try a demo account. Demo reports are outstanding tools only because they enable you to trade currencies using trading environment and the agent's platform in real time when looking for a broker. Most agent's offer demo accounts for free and you can try Forex strategies that are different on these accounts, learn to trade as a newbie on those accounts and most of all attempt every facet of the trading system on these accounts.

9. Forex Exit Strategy. There is going to be a time when you want be able to take your cash efficiently and to realize some of the profits that you've made. Make sure that you're capable to get your own money within a couple of days as some on-line Forex brokers insist on a 14 day delay which is not absolutely necessary.

By taking the time, plus attempt to do some initial research, you may be able to select a dependable Forex broker. This might just save you a lot of pressure and troubles you may encounter if you should pick any old Forex agent.

Disclaimer:  Forex, Stocks, Futures and other financial instruments have a large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose.  You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any doubts.

8 Tips to Break Into the Lucrative Forex Market

8 Tips to Break Into the Lucrative Forex Market

Until the past few years the worlds big financial institutions controlled the Forex markets. Yet the rapid growth of popularity and the world wide web of web trading platforms has meant that more and more individual investors have really been able to reach the marketplace.

Now, the average man or woman now has a shot at trading Forex!  If you haven’t heard how lucrative Forex trading can be, here are 8 reasons to start trading after this article. 

1. Contrary to popular belief it is possible to begin trading the Forex market with almost no start up capital. Many individuals think that you must have a ton of money set aside in your banking account to come out profitable from trading. Yet this isn't always accurate.

2. Forex is a tremendous marketplace! There's actually trillions of dollars traded everyday. The marketplace isn't controlled by just a few individuals.

3. Enormous volatility. Forex is the most explosive marketplace in the world. With the movement in the marketplace there's always a chance to make substantial gains everyday!

4. It's possible for you to earn money when the market is in a downturn.  Yes, Forex allows you to make money in  uptrend or downtrend markets.

5. There's the chance to demo commerce. In other words you'll be able to learn trading without risking some of your cash. Then you can begin trading with real cash when you're making a profit by means of your demo accounts.

6. There are automated systems you could purchase which you'll be able to trade with almost no expertise.  Trading signals, trading robots, and trade copiers to name a few.

7. It's possible for you to join Forex communities and get responses from successful dealers. You’ll never have to worry about your trading confidence when putting money on the line.

8. Forex is the only market that is open 24 hours a day, making it extremely easy to work into your busy schedule.

There you have it, 8 reasons to start trading Forex today! What are you waiting for? Go start making REAL online income!  Open Forex Account Now!

Disclaimer:  Forex, Stocks, Futures and other financial instruments have a large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose.  You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any doubts.

10 Hotels That Make for an Affordable NYC Vacation

10 Hotels That Make for an Affordable NYC Vacation

It’s okay to stay outside of Manhattan
Although everyone wants to stay in the middle of the ‘Big Apple’, understandably, very few can afford to pay a small fortune to simply sleep in a room.

Yes, Times Square may not be right outside of your door, but with the city’s fantastic metro line, staying in a different borough such as Brooklyn can drastically reduce your cost per night.

Don’t immediately knock the idea of a Hostel stay.

Yes, while a hotel stays congruent with the glitz and glam of NYC, you probably won’t be spending much time in it. Staying at a hostel and renting a private room, or even staying in a dormitory can cut costs in half if you are okay with staying in a not-so-fancy accommodation.

Nonetheless, if you are dead set on staying in a hotel, and want the full Manhattan experience, then here are our five best hotels that we recommend for the traveler on a budget:


The Maritime Hotel

Designed for the National Maritime Union in 1966, this modern hotel overlooks the Hudson through big porthole windows, giving this beautiful building a different appearance that accentuates the clean, modern layout.

The rooms were designed to be cozy and streamlined, and all the furniture is chosen carefully to make the most of the hotel’s tiny rooms. Despite the size of the rooms, each one comes with a generously sized queen sized bed.

This resort provides a downtown location, an Italian and Japanese eatery, and a ten thousand square foot patio.

Incentra Village House

This hotel is situated in the historic and hip Greenwich Village, and is surrounded by many popular landmarks.

There are thirteen studios and suites, with ten have working fireplaces, and  the biggest rooms holding up to a maximum of four guests. Nearly all the suites provide a kitchenette and all come with a complementary coffeemaker, TV, private bathroom and an air conditioner.

Found next to the trendy Meatpacking and Chelsea districts, you’ll have have a lot of places to go out and sight-see.


Room Mate Grace

Situated in Times Square, you'll be hard pressed to find a bargain hotel that is as fashionable as Room Mate Grace.

This modern youth hostel combines very affordable prices with an extremely welcoming feel. There are 139 rooms with complimentary wifi, flat screen TVs, DVD players and iPod docks. Described as "unique, modern and whimsical" it draws a stylish crowd that values the nightly reception DJ, 24 hour coffee bar and pool which has submerged music as well as a "swim up" pub.

Grand Central, Rockefeller Center, St. Patrick's Cathedral and MOMA are all within a mile of Room Mate Grace. It is an excellent place for accommodation if you are okay with staying in a hostel.


Gershwin Hotel

Of all the cheap hotels in the Big Apple, The Gershwin could be the most striking. Finding your hotel won’t be hard, it is nearly impossible to miss the brilliant red outside with stunning, circus-like awnings and lights.

Found a block away from the Empire State Building and near 5th Avenue shopping, clubs, and the Flower and Fashion Districts, you'll have lots of sightseeing right out your door.

The Gershwin offers all of the this, plus a multilingual staff, discount parking, irons, and safe boxes for your belongings. In case you do not find enough to do outside of the hotel, there's an onsite art gallery and a rooftop sun deck to relax on.

Rooms vary from basic dormitories to private suites, ensuring that there is something for everybody and and every budget.


Chelsea Savoy

Sporting an extensive wall of celebrities that have previously stayed, the Chelsea Savoy is astonishingly affordable. This resort may not be the most fashionable in town, but it's famous for its outstanding, helpful staff and cleanliness.

The Chelsea Savoy will attract those who desire a tidy, pleasant place to stay that's in a great area, for a reasonable cost. In the event that you'd rather spend your cash on the town as opposed to a fancy, overpriced resort, then the Chelsea Savoy is a true and tried victor.


East Village Bed and Coffee

This really is among the least expensive lodging choices you'll find in the 'Big Apple'.

It might not just be the conventional picture of a Manhattan hotel, but it really is a feasible choice for open minded, and of course, cash strapped voyagers.
 
This is a three-floor property with each floor having a common bathroom, a sitting room (with TV, computer and internet access) and a nicely-equipped kitchen. Bedrooms provide an excellent experience to the guests choosing to make East Village Bed and Coffee as their area of stay in New York and are highly individualistic.

It must be said that several budget travelers who book cheap flights to New York and aspire to carry on their austerity, make bookings with East Village Bed and Coffee.

Chelsea Lodge

Chelsea Lodge is one affordable lodging that is a popular choice to New York City budget travelers. It’s fantastic positioning in Manhattan makes it so endearing for those who crave for more affordable airfares!

Chelsea District is an excellent choice for art galleries, shopping and nightlife. A pastoral appearance that is different is just one more facet of the hotel which makes it exceptionally popular with patrons. Pine doors, patchwork quilts and flowery-painted walls are just a few of the fundamental characteristics of Chelsea Lodge. The communal bathroom is shared by the majority of the bedrooms but there are a couple of ensuite rooms accessible to the visitors, of course at higher costs.

Hotel 17

Hotel 17 has a classic, 'old world' charm to it. The milieu of the hotel is impressively timeless and has been put to use for multiple fashion shoots!

The common toilets in the hotel as well as bedrooms have been recently updated and guarantee a comfortable stay to the patrons.

Ensuite double rooms are also available for the guests with somewhat deeper pockets.

Hotet 414

Hotel 414 is a great choice for all those looking towards a nice stay in NYC, with some affordability. Situated near Times Square, Hotel 414 ensures that it stays in the general area of the majority of leisure travelers who reserve flights to New York. The bedrooms are cozy and spacious. Breakfast is included in the room rates and so is all day tea and coffee.

Comfort Inn Midtown

Comfort Inn Midtown is just another alternative for all those looking to be in the well-known area of all - the Times Square. Run by Apple Core Hotels, Comfort Inn is a conventional resort with comfortable bedrooms, equipped with hair driers and coffee makers. A buffet breakfast is complementary.


There you have it. Ten hotels that truly give you a bang for your buck in one of the greatest cities of the world. While NYC might not be labeled as the most “budget-friendly” city to visit, keeping your accommodation costs to a minimum is going to help you spend your money on experiencing the rest of the city and enjoy your glamorous vacation.

Find cheap hotels in NYC!