Wide Range of Forex Trading Products offered by XtreamForex
Forex trading is buying and selling of currency pairs with intent to make money or hedge investments. Forex market is most liquid asset class to trade and invest globally. There is wide range of foreign exchange products for trading that investors can pick up without difficulty but before trading in real money, it is advisable to open a demo account and try out different strategies that you could use in an actual foreign exchange environment.
XtreamForex is one of the Top Online Forex Broker who offers wide range of Forex Trading Products globally. These Forex Trading Products include:
1) Forex Products
1) Forex Products
Forex Product available for trading is currency pairs. Currency pairs are the most renowned foreign exchange product in the market. Investors trade currency pairs globally. In Forex Products one currency is traded among other. The most renowned currency pairs include GBP to USD, EUR to USD and USD to JPY. With XtreamForex you can Trade More than 60 Major, Minor and Exotic currency pairs from 0.0 pips.
Cryptocurrency is a digital currency built with cryptographic protocols that make transactions safe and sound and difficult to fake. In simple words Cryptocurrency is a medium of exchange value that exists in the digital world. With XtreamForex Trade the world's most traded digital currencies: Bitcoin, Litecoin, Ethereum and many more under one Forex Trading Platform.
Indices traders speculate on price movements in stock Indices like the FTSE 100, the Dow Jones and DAX. Indices price movements and unpredictability are affected by factors like political events, major factors which affect companies in a particular sector, economic data like employment figures and big changes in the currencies markets. Trade Indices with excellent trading conditions and competitive spreads.
Create and manage your own portfolio of companies. Trade 60+ Stocks of some of the largest and most famous companies of US, UK and EU. XtreamForex gives you competitive spreads and exceptional execution on some of the world's most popular shares.
Forex trading takes more than just learning and skills but it takes confidence and belief. It is very easy to be discouraged by fails and hard times and stress and give up. Of course we do not want to deny that there is a time when for some people the best choice is to quit, but in many cases it is important to try and fight for what you believe in.
Having confidence in your Forex trading is a package with having confidence in yourself in general. You need to believe that you can achieve what you think you can. Most successful people – not just traders – in the history of the world believed in their own power of visualization. Meaning they wanted to get somewhere and they did one way or another never really giving up hope. Forex trading most definitely requires never losing hope and pushing to get where you want because it is not an easy or fast process.
You need to believe that you are a successful trader and act as such. This is not to encourage fake over confidence – because it can be harmful – but encourage healthy confidence in your abilities and your skills. If you tell yourself that you are not a good trader and you believe it then your whole outlook will be negative and it will make it harder for you to have the confidence to make the right choices. Hesitating during trading and questioning yourself will only lead to loss.
Aside from being confident in yourself, you need to be confident in your plan, because your trading plan is your main guide and if you don’t trust it enough to always stick to it then you’re in trouble. Of course there are stages where you will go back to the plan and adjust it and make it better, but that happens when you are reviewing your trades, not while you are executing them. During trading you need to have 100% confidence in your plan and strategy and follow them.
Next to your trading plan you should have a risk management plan, and one which you believe is and will continue to work well. Once again it takes some time before you get the right plan, but when you do you have to trust the plan and follow it in order to keep managing your risks and money right.
Last but most definitely not least always keep a trading journal; it is your way of crafting and perfecting your plan.
Want to start Forex Trading but don’t know which forex pairs you need to focus for profit? Nobody can give this answer correctly as it depends upon the trader’s knowledge about that currency pair and the volatility of currency pairs. You need to take the time to analyze different pairs against your own strategy, to determine which are the best Forex pairs to trade on your own account.
What Volatility Refers to?
Volatility is a term used to indicate the change in trading price of pairs in a specific period of time. Greater the scope of price variation, greater volatility is considered to be there. The volatility of a pair is measured by calculating the standard movement away of its returns. The standard difference is a measure of how widely values are dispersed from the average value (the mean).
The importance of volatility for traders
Being aware of a trading product's volatility is important for every trader, as different levels of volatility are better suited to certain tricks and psychologies. For example, a Forex trader looking to progressively develop his funds without taking on a lot of risk would be advised to choose a currency pair with lower volatility. On the other hand, a risk-seeking trader would look for a currency pair with higher volatility in order to cash in on the superior price differentials that volatile pair offers.
What affects the volatility of currency pairs?
Currency pairs are affected by following factors or events:
• Economic or Market Related Events
• Change in Interest Rate of a Country
• Drop in Commodity Prices
The degree of volatility is generated by different aspects of the paired currencies and their economies. Moreover drivers of volatility include inflation, government debt, and current account deficits; the political and economic stability of the country whose currency is in play will also influence FX volatility. As well, currencies not regulated by a central bank - such as Bitcoin and other cryptocurrencies - will be more volatile since they are inherently speculative.
According to the chart we come to the point that GBP/NZD is the most volatile currency pair of 2019.
Forex Indicators also known as Expert Advisors (EAs) are tools used by traders on the trading platform to help them make better trading decisions, by using certain methods and strategies which predict the future movements of prices. Most Forex platforms allow the use of EAs although in some few cases they may not be allowed, so it is always preferable to check.
These tools can be found on the platform and traders can choose which are the best to use for each trade. Some traders prefer one tool over the other, some like combining several methods. There are many Forex Indicators and EAs, here are two of the most popular ones;
The Profit Taking Tool
As the name suggests it advices the trader when is the right time to take the profits and close the trade. While many traders can go into good trades deciding when is the right to pull out is a little more tricky. Pulling out too soon may prevent you from making further profits and pulling out too late may cost you your profits. In this case the three day relative index can also be used to help the trader determine what the likely odds are. Another method is the known Bollinger Bands, which adds and subtracts the standard deviation of price data changes over a period from the average closing price over that same time frame to create trading ‘bands’.
Another method is the trailing stop, which gives the potential of the trade to let profits run without staying open too late and losing money.
Trend Confirmation Tool
The trend confirmation tool is usually used as a backup for the trend following tool. It helps reassure whether the current trend following indicator is correct or not. It gives its own results and if both Trend following and trend confirmation tool results match then the trader can be reassured.
Overall Forex Indicators, Expert Advisors and trade assisting tools are many, and they can each be used in many different ways, through many different method, for many different reasons, which is why it is advised to further explore Forex indicators, they can and will make your trades easier and more successful eventually helping you become a better trader.
Forex traders are constantly on the lookout for ways to help them trade better, make better predictions and ultimately make more profits. So it is important for traders to look at all the options they have before deciding what is best for them.
Forex Signals provide raw data and insights about the market so that traders can make better informed trading decisions with much less risk.
Unlike EAs, Forex Signals are sent on a regular basis through alerts like SMS messages, email alerts or pop up messages. Some Forex brokers offer free signals on their platforms, or through their services giving traders constant updates, but in the case that they do not there are many separate Forex Signal services.
If traders want to use a Forex Signal service from a third party it is offered at a fee, usually an average of 200 dollars a month. When you pay for the service you will have more options regarding the method you would like to receive the signals, and they will be more regularly updated.
It is important to note that no matter how good or reputable the service is nothing in Forex is 100% guaranteed, and even these predictions which are based on technical and fundamental analysis can prove to be wrong if unexpected market changes occur, so even in the case of using Forex Signals traders still have to use their own knowledge and trust their own instincts when making their trading decisions.
Markets are described as either Bull markets or Bear markets depending on the general direction of their currencies.
The term bull market derives from the way a bull attacks its enemies by swaying its thorns upwards, therefore it describes a market that is heading in an upwards direction.
What stands out about a bull market is that it is generally moving upwards, and has been moving upwards for a long period of time. Even if it suffers minor losses its general direction is always positive.
This doesn’t apply to just the currency, but the whole environment surrounding the currency like the economic environment, employment in the country, and number of investments.
A bull market attracts many investors as it promises almost guaranteed high profits, and because it keeps getting investors, it continues to perform well and thrive.
It is hard for investors to suddenly lose interest in a bull market, unless a general rumour is spread about the market, making all investors and traders believe that this market is going to decline, forcing them to withdraw their investments, and invest against the market, leading to a big decline and moving the market from bullish to bearish.
Of course there are many ways for a market to be affected, and that can be through big news releases, businesses between countries and more, if the market declines on its own, it will also push investors away which will further in its decline.
Advantages and Requirements of the MT4 Forex Trading Platform
Mt4 or Meta Trader 4 is one of the most popular and used Forex Trading Platform. It is offered by almost every Forex company and preferred by many forex traders. The platform has established itself as a prominent one by catering to all the basic needs of traders and not just for trading.
The most likeable feature about Mt4 is its user friendliness, which allows even the newest of traders to adjust to trading smoothly without the complications of learning how to use a new software. It offers a simple and understandable interface, which is highly customisable, allowing each trader to decide how their platform will look like, and be most comfortable to make their trading easier.
Additionally Mt4 offers technical and fundamental analysis, and Forex indicators which are an important and desired help by both newcomers and experienced traders. Expert Advisors are also an important and big advantage, not only does the platform come with its own EAs but it allows traders to write and design their own EAs and upload them to the platform, giving the space for anyone who wants to expand their skills to do so.
The key features of Mt4 are the Market Watch Window, Navigator Window, Multiple Order Types, Variety of pre-installed indicators, Analysis tools and multiple chart set ups, Automated Trading Order Execution Capabilities, Hedging and Scalping friendly, and Expert Advisors.
The Mt4 Platform can be downloaded on all devices (including Apple devices) like phones and tablets.
XtreamForex demo contest provide traders a chance to get real money without investing your own funds! Before you start real trading take your first step in this exciting opportunity, make little real cash and test your skills. Join and take a dive into the exciting world of Forex trading competition with XtreamForex! Joining Link: https://xtreamforex.com/thailanddemocontest.html
• Registration Period: 19th August 2019 to 6th September 2019.
• Trading Period: 9th September 2019 to 11th October 2019 Winner Announcement: 21st October 2019 Offer is Applicable: Only for Traders of Thailand, Malaysia and Indonesia How to Apply: The Client must register for the competition via the competition dedicated page in order to participate. To Win: The client who will generate maximum profit at the end of the contest will win. Winning Prize
• 1st Prize $1000
• 2nd Prize $750
• 3rd Prize $500
Join and take a dive into the exciting world of Forex trading competition with XtreamForex! Here we offer forex trading contest for demo accounts once in a year. You can join this contest for free. Forex Demo Trading competitions are the best way for beginners to gain experience in Forex trading and to try out and improve your trading strategies in a competitive environment! Joining Link: https://xtreamforex.com/PhilippinesDemoContest.html
• Registration Period: 19th August 2019 to 6th September 2019.
• Trading Period: 9th September 2019 to 11th October 2019 Winner Announcement: 21st October 2019 Offer is Applicable: Only for Traders of Philippines How to Apply: The Client must register for the competition via the competition dedicated page in order to participate. To Win: The client who will generate maximum profit at the end of the contest will win. Winning Prize
• 1st Prize $1000
• 2nd Prize $750
• 3rd Prize $500
XtreamForex is the Fastest Growing ECN Forex Broker in the Financial Market
XtreamForex is a Brand Name Of Top Trading Firm Grand Investing LTD. Grand Investing LTD was incorporated in October 2007 and is headquartered in the centre of Majuro, Marshall Islands. The Company is a member of Grand Investing Group, one of the Biggest Trading Companies in southeast Europe. Grand Investing Group has twenty years of experience in investment and commercial banking, as well as real estate investments.
In January 2016, XtreamForex - (a trade name of Grand Investing LTD) - was formed in order to provide retail investors access to the currency, commodities, energies and equities markets.
Clients of XtreamForex are offered a choice of 5 account types, in order to suit the needs of traders of all levels and preferences. All accounts, except the ECN and ECN Pro, are commission-free and offer variable spreads.
Swap-free service is available to clients of Islamic belief on Micro & Standard account types. Scalping, hedging as well as automated strategies (EAs) are allowed on the Xtream account.
XtreamForex is a member of the Investors Compensation Fund and that client funds are held in segregated bank accounts as per our regulations requirements. What is more, the broker provides negative balance protection, ensuring that its clients do not lose more than they have invested.
Minimum Initial Deposit
XtreamForex requires a minimum investment of $5 from traders to open an account, which is a very low minimum deposit requirement.
The maximum leverage rates offered by this broker are high, reaching 1:1000.
Forex Trading Platform
XtreamForex offers its customers the famous MetaTrader 4 (MT4), desktop and mobile versions available (for Android, iPad & iPhone).
XtreamForex Customer support is available 24/5 during market opening times. We believe to build long-term relationships with our clients and all the people who work with us.
The MetaTrader 4 terminal is a perfectly equipped platform that allows trading in Forex, CFDs and related products. It provides the necessary tools and resources to analyze price dynamics on financial markets, conduct transactions, create and use Expert Advisors (EAs). EAs are advanced automated trading systems written in MQL4 that are able to analyze market conditions automatically, open and close positions and place, modify or delete orders.\
Forex Promotions & Bonuses
Join any one of our Forex Promotions from XtreamForex and get the most out of your trading. Some of our promotions will support your account in the case of drawdown and some of them support you wile opening trades. All of XtreamForex promotions and bonuses increase your trading volume and the only thing you need to do is to trade on regular basis and enjoy profit.
At the time of writing of this review, XtreamForex offers its traders the following promotions:
- 100% Credit Bonus
This bonus applies to clients with minimum deposit $100 and cannot be withdrawn from the trading account.
- 30% Tradable Bonus
This bonus applies to clients with minimum deposit $500 and can be withdrawn from the trading account.
- Everyday Payout
As a IB you can earn up to $25/Lot commissions for each traded lot by your referred clients and this time you can withdraw your daily earned commission at the end of the day. Every 24 hour you will be able to cash out your earned commission into your IB account.
- Annual IB Contest
XtreamForex starts an annual competition for all our partners. Become a XtreamForex Partner and grab the chance to achieve your dreams!
Methods of Payment
XtreamForex offers a large number of payments methods to accommodate all our international clients through their account management portal, MyXtream: Bank wire transfer, credit/debit cards and e-wallets Neteller, Skrill, China UnionPay and Local Deposits and withdrawals.
XtreamForex charges no fees on deposits and withdrawals.
XtreamForex is a true ECN Forex Broker that offers reasonable conditions for trading with a variety of products through the robust MT4. Start Online Trading with XtreamForex and Experience Reliable Foreign Exchange Trading with Best Forex Brokers and get an edge with our exceptional Forex Trading conditions.