Forex is a unique short-term investment instrument. Unlike other instruments such as gold, property, stocks, and mutual funds, forex has the highest level of risk, as well as the advantage of being able to make a lot of money in the shortest time. However, this does not dampen the interest of traders to carry out forex trading activities. There are various reasons why many people are now looking to forex trading as an additional source of income or a main job.
What is Forex Trading
Forex trading is a type of investment instrument that uses foreign exchange which is abbreviated as forex. This forex uses physical currency which means you actually hold the dollar or other currency, which is purchased. But now, there is also forex trading online so that it is easier and more flexible to do.
This investment is also known as forex trading with the aim of making a profit. Where usually, one party will buy a certain nominal amount of currency to get the difference in profit.
Those who trade forex, of course, have experience and always take the time to see and analyze the various factors that influence the fluctuations of world currencies.
Forex broker recommendations
There are so many forex sites that are often a reference for investors to find out various things about market movements, the economy, and so on. In addition, with this forex news, business people can do fundamental analysis before placing orders or opening positions to buy or sell. Fundamental analysis is very important for traders so that profits will increase.
There are many choices of brokers that offer convenience for you. But among all that, there is one that excels with a myriad of services, here are some tickmill review:
Tickmill was founded in 2011 and is registered with the Estonian Ministry of Economy (license nr VVT000289, FRA000029) a member state of the European Union and the Eurozone. Tickmill has direct ECN access and currency liquidity.
1. Thin Spreads
This broker which is famous for its very thin spreads has a spread that is not fixed, and widening spreads most often only occurs when the market opens on Monday and for high impact news, spread widening is very rare, and the rest of it all becomes very thin, and of course very profitable.
2. No Requote
No re-quotes, delays, or interventions.
Yes, who doesn’t get annoyed when they want to open or close an order when a requote or order is rejected, because the price has changed. And at Tickmill this does not happen, because all orders will be directly forwarded to the market very quickly, even though the price is moving very fast.
3. Free to Use Trading Techniques
All trading techniques can be used here, scalping, hedging, averaging, martingale, and many more, all are allowed at Tickmill. Tickmill allows all trading strategies. You can scalp, use expert advisors (EA), hedge your positions, or trade during news releases.
4. Safe funds
Segregated funds mean that your money is held separately from the company’s capital.
5. Low cost
You can open a Classic account with a minimum deposit of $50 or an Exchange account with $100. The deposit is free of charge.
6. 5 digits and No Entry Point limit
In the price displayed on Tickmill using 5 Digits behind the DOT (comma/dot), and when you want to find profit only in a matter of points, of course, this is very profitable. Because Tickmill is allowed to place Pending orders in all positions for trapping and without restrictions. Including installing SL and TP.
7. Easy-to-use Client Area Access
After registering with Tickmill, you will get an account number to access your personal client area, there you can use it to set up an account or create a new trading account, view market analysis, and of course to process transfers between accounts and submit withdrawals. The menu is very complete and easy to understand.
And many more, of course, you can try it yourself to gain experience when trading. And in essence very pleasant and comfortable.