If you are reading this, then chances are, you are one of the millions across the world who has been suffering from the largest economic slowdown in years, if not decades. With the global pandemic sparing no one, even traditionally stable industries such as retail, hospitality, tourism, and F&B have been hard hit. Worse of all, this crisis has affected developing countries harsher than most, and many have either lost their jobs or have seen their incomes greatly impacted.
With livelihoods at stake, and no end in sight to these challenging times, how can you gain more control over your future? How can you start earning extra income from your smartphone, laptop or computer – any time you want, and wherever you are?
Allow me to introduce you to the world of Forex trading, what you should look out for, and why it could be a great way to start building extra income from the comfort of your home or in your free time.
Why Forex trading could be perfect for you
In recent times, Forex trading has become a popular option for those who want to earn extra income in their free time. In fact, those who are successful at it can even earn enough through trading to do it full time! But what exactly is Forex trading?
In simple terms, Forex trading is the buying of one currency and selling another in pairs. Traders can decide to buy or sell currency to make profits as the value of the currency rises or falls in relation to another. The Forex market offers many benefits such as:
- Convenience – compared to other markets, it is easy to start your journey in Forex. You can try with a demo account before you put in your real money. Also, you won’t need a large sum of money to start trading. Once you sign up with a reliable trading platform, you can trade from anywhere and anytime.
- Flexibility – the Forex market is open 24 hours a day, 5 days a week. This means that you can trade and potentially earn income in whatever spare time you have, or around the clock if you wish!
- Control – one of the best parts of being a Forex trader means you are your own boss and won’t have to depend on a fixed pay. You can earn more money through smart decisions, and best of all, there’s no rent or employees to pay!
- Potential – right now, the world’s economy is going through a challenging period with an uptrend or downtrend in currency values. This means that when you make the right decisions, there is great potential to make profit!
Sounds amazing! How do I start trading Forex?
Hold on. Not so fast! While I understand the excitement to begin your adventure in Forex, there are certain things you should be aware of before investing your hard-earned money. First, and most important of all, you’ll need to sign up with a Forex broker. This is the platform that not only allows you to make transactions but can also provide many tools and features to make trading and earning easier.
One of the most important things to do before you get started is choosing the right forex broker to start trading with. But with so many trading sites and apps to choose from, where do you start?
Don’t worry, this useful guide will help you make the right choice!
Here are 5 KEY things you should look out for when choosing a Forex broker:
This might sound like an obvious tip but there are thousands of trading brokers, and not all are secure. If you’re not careful, you might never get to see your hard-earn money again once they receive it! You should always choose a broker operating within a regulatory framework, like Forex4you. Forex4you keeps their clients’ funds secure. It always ensures proper client funds segregation by placing them with top-tier banks. As of now, Forex4you has more than 14 years of experience serving over 2 million trading accounts.
Every dollar you make is important. Always choose a broker that displays their fees or follows industry guidelines. A good broker always displays its operational data on the website like how Forex4you shares its performance statistics on www.forex4you.com. It also has a proven track record with its yearly performance audited by a Big Four Accounting Firm.
Imagine encountering a problem and having difficulty having it resolved by the platform? Or worse, a customer service officer who doesn’t even speak your language! At Forex4you, we’re serving our customers 24/7 with support via a toll-free number to call, live chat, or email.
4: Easy and Reliable Trading Platform
If you are new to Forex, starting your adventure in trading can be confusing. That is why it is important to find a reliable trading platform that makes trading easy and contains all the trading tools that you need. Look out for these key factors: execution and stability.
When it comes to forex trading, speed is everything on the trading platform and it is an important factor to consider how fast your trading decisions can be executed. When you click “BUY” or “SELL”, a few seconds difference can mean you will win or lose on a trade. Look for a broker such as Forex4you that offers near-instant trade execution speeds with no delay. What’s more, Forex4you’s faster withdrawal times mean less waiting to access any money held in your trading account.
For greater stability, Forex4you uses MarketPlace – our very own liquidity aggregator and order execution software that helps make your order execution even faster, more stable, and more secure.
5: Superior trading conditions
Every cent counts, so if you wish to maximize your profits, you must keep your trading costs low. Always look for a broker that offers the lowest possible spreads as well as the highest leverage you feel comfortable with.
Learn and enter the market with as low a risk as possible. With competitive spreads from 0.1 pip, and leverage of 1:2000, Forex4you can keep your trading costs low. With 100% deposit bonuses for traders and different trading conditions, Forex4you offers different trading accounts for all levels of trading – from beginners to advanced traders. You can even choose from commission-free and commission-based trading accounts with a smaller or larger spread.
Are you ready to start your trading journey?
Even though there may be some tough times now, if you have the passion and determination to succeed, there are many possibilities and opportunities waiting for you. With the right broker by your side, Forex trading can be a rewarding way to change your financial situation and take charge of your future.
Forex4you celebrates its 14th year of trading success this year. To thank our clients and partners for their support, we’re running promotions and contests with great prizes such as vouchers and gold. For our partners, there’s even a chance to win luxury supercars! Who says trading has to be boring?
So, what are you waiting for? Sign up with Forex4you today and start your Forex adventure at https://www.forex4you.com
Marina Strauss is the CEO of E-Global Trade and Finance Group, Inc.
A business leader with over 15 years in managerial and senior positions in leading firms in Europe and Asia. She is result-oriented and has an extreme passion for delivering high-quality results. Under her leadership, Forex4you provides best-in-class trading services across Asia with a strong presence in five of South-East Asia’s biggest markets.
About E-Global Trade & Finance Group, Inc.
Forex4you and Share4you are trademarks of E-Global Trade and Finance Group, Inc. Licensed and regulated by the Financial Service Commission (FSC) of the BVI.
Forex4you, launched in 2007, as an accessible and transparent online platform for traders.
In 2013, we introduced a social trading service – Share4you, copy trading to the market. This service enables traders to copy the trades of experienced traders and learn from their trading strategies.
For over a decade, we have grown from strength to strength. We have served more than 2 million trading accounts and reached a trading volume of more than US$68 billion. Awarded the “Best Forex Broker, Asia” in 2020 by Global Banking & Finance Review.
In 2020, we won the “Best Forex Affiliate Program” by AtoZ Markets for our partner program. To date, we have paid out over US$26 million in commissions to our partners.
Forex Trading involves significant risk to your invested capital. Please read and ensure you fully understand our Risk Disclosure.