Forextime ecn magazine
ForexTime also releases weekly market analysis videos filled with expert advice about new trading strategies. This FXTM tool enables you to perform five-point calculations to decide what position to take on a range of financial instruments. You can get assistance from agents 24 hours a day over the phone, via live chat, or through third-party platforms like WhatsApp and Telegram. Users who are able to meet the deposit minimums required to open an ECN account will receive highly competitive rates and avoid any limits on order volume.
Whatever kind of trader you are, you can be confident that FXTM is a safe way to make foreign exchange trades. For first-time users looking for an app more tailored toward improving their trading skills, Stock Trainer is an alternative option worth considering.
This virtual trading app provides the ideal environment in which to learn more about how foreign exchange markets operate. Beginner traders often do not want to risk trading large sums of money and generally will not be able to trade full time during the workweek.
Accounts with lower minimum deposits and which allow trading in micro-lots are generally more suited to beginner traders. However, spreads on these accounts are often wider than those with higher minimum deposits. Experienced traders often prefer accounts with higher minimum deposits and tight spreads. Maximum leverage varies according to account, with flexible leverage of up to available on the Micro Account and FXTM on the market execution accounts.
Hedging, scalping, and algorithmic trading is unlocked on all accounts. Micro Account This account is aimed at beginner traders with a low minimum deposit of 10 USD and instant execution. Only available on MT4, this account features micro-lots and spreads that are similar to Micro Accounts at other brokers — starting at 1. Traders with this account will also be unable to trade stocks or stock CFDs, and leverage is restricted to Advantage Account A good account for more experienced traders, spreads start at 0.
Leverage is also set at a maximum of FXTM on this account. Demo accounts will remain active as long as traders login to the trading platform at least once every 14 days. Islamic Swap-free Accounts Muslims in India will be pleased to note that all accounts are available as Islamic swap-free options.
When the swap-free mode is enabled, the account will not accrue interest for carrying positions overnight. Therefore, it is perfectly suitable for Muslim traders as it complies fully with the no-riba tenets of Sharia law. The swap-free option is usually available for seven days, depending on the trading instrument you are trading.
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