Forex trading advertisements are now in every magazine, online publications, on banners around 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, gain the key to success and fabulous we alth, earn money for an apartment, a car and a yacht…
Is it? Why do they all promise "mountains of gold" to everyone who starts trading on Forex? And why, then, are we still not trading?
We will tell about all this, as well as about one well-known and reputable trading platform - BForex.com in this article.
The essence of Forex trading
So, you must have heard about "Forex", but did not think about what it is. We tell information that is in the public domain: the Forex exchange is the largest trading center for currency values and stocks in the world. Every day there is a huge number of brokers who cooperate with traders around the world. With the help of such broker companies (intermediaries, in fact), everyone can access this market and engage in trade. Everything for thisall you need 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 start trading.
The process itself is quite simple: you see quotes for currency pairs or precious metals, as well as company stocks in real time. You have a deposit with which you can make a deal to buy or sell a particular financial instrument. In addition, according to the terms of your account, the broker can provide you with a certain leverage, which will increase your risk, but also allow you to extract more profit in case of success.
Your task is to predict how the exchange rate will change in the near future. If you're right and bought the company's stock before it went up, you're seeing your profits rise from your current trade. And vice versa, if there was a collapse in value, you are waiting for losses. That, in fact, is the whole trading process in a nutshell.
Where to start?
Based on this, the following can be noted: to start trading, you need to create an account on the site preg. BForex.com (this site will be used as 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, such a start will serve as an excellent way to get acquainted with the interface of the trading client and the system interface.
Then, feeling confident in your knowledge, youmust make a deposit in the form of real funds. If we talk specifically about the BForex platform (reviews will confirm this), then the minimum amount for crediting here is 200 dollars. After depositing, you can start trading.
The BForex platform is your guide to the world of Forex.
"Why BForex?" - you ask. We answer: this is one of the oldest online platforms for trading in the Forex market. It has been on the market since 2007 and during this time has repeatedly proven itself from the best side. The task of this company is to provide the highest quality service to customers by offering them professional investment tools. This concept includes everything from the ability to open a demo account and access the knowledge base to analytical tools, strategies and even tips from managers on how to invest and what to expect from the market.
Plus, of course, you can be sure of the honesty and transparency of BForex. Login to their platform is free here, and the site does not contain malicious viruses or intrusive ads.
Opportunities for learning
Listing the advantages of this site, of course, we will reveal a little more about the thesis about learning. After all, even if your personal advisors (which the company provides to each user) recommend investing in a particular financial instrument, for the safety of your finances, you should not blindly trust them. It is recommended to take this kind of advice as indicators, but make the final decision based on the situation that has developed onmarket.
Let's put it this way: trust, but in any case, be guided by your own knowledge and experience. The latter can be obtained, by the way, here - in the "ForexAcademy" section on the BForex website. Reviews recommend referring to one of the several sections that are here: "Forex Basics", "Webinars" and "Educational Videos". Each of them contains a lot of interesting and informative materials that can be great helpers on the way to learning Forex trading. Most importantly, all this is available in free form to anyone who would like to start earning.
Terms of account replenishment
Before you enter your platform on BForex, you must, as already noted, make a deposit. It's 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 quick replenishment of the account. So, BForex (reviews confirm this) supports working with such systems 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 depositing money.
Besides, when making a deposit on BForex, you can expect a bonus - an amount that will be additionally credited to your trading account. Of course, they will not give you the opportunity to withdraw it - but they will allow you to trade for this amount in order to get even more in the future.profit.
Withdraw funds
In the event that the amount on 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 withdrawals are made to the card, payment system account or bank account that was used as a means of replenishment.
In order to carry out 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 the 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 quite favorable conditions and first-class support. However, there are also a lot of negative opinions that BForex managers sometimes deceive people, promising them a guaranteed income. As a result, a person can replenish the account, after which he will lose the entire deposit.
Of course it could be true. On the other hand, having no experience, investing in the Forex market in any case is tantamount to an empty loss of money. Therefore, blaming anyone in this situation is stupid: the user was aware of what he was doing, and naively believed that the “Golden Fleece” was waiting for him.
When starting this adventure, remember where the free cheese is.
Alternatives to earn money
Finally, if you clearly understand what threatens you with failure in working with BForex (the site has an RU-version, by the way), you can try an alternative. For example, the same binary options. From you, as a trader, you only need to predict the direction of the course movement and the period in which it will occur. The scheme of work is an order of magnitude simpler, but the yield is at the level of 80 percent. Recommended to try.
