Forex or The foreign exchange market is very very large financial market in the world, with a daily turnover of over $5 trillion. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. Forex trading refer to the art of buying or selling currency for profit.

Author Topic: Forex Trading account types (FBS)  (Read 2775 times)


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on: December 15, 2018, 05:17:16 PM
To get to this section you need a Forex Trading account first (You can open it for FREE). For how to open a Forex trading Account and a video, go to How to open a trading account

There are 4 (or up to 5) types of Forex Trading Account (View all available type at Trading Account Page).
Here is short description for each type of account.

Cent account
This one is specialized to trade at very low volume
Micro account
This one is designed to trade at very low volume but also higher volume too.
Standard account
This one can trade at any volume, very flexible one.

Zero spread account
This is for those who trade frequently.

ECN account
This is for those who trade at large volume and gain a lot of profit.

You can choose the account type that suit you. For Beginner I recommend Cent or Micro.

« Last Edit: December 16, 2018, 12:18:03 PM by ForexFacoil »


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Reply #1 on: December 16, 2018, 05:24:14 PM
I use Standard right now.


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Reply #2 on: December 26, 2018, 01:17:37 AM
I use Standard Forex Account currently


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Reply #3 on: March 05, 2019, 04:45:57 AM
With this, forex trading isn't hard anymore.


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Reply #4 on: May 23, 2019, 04:13:33 AM
Forex market is good. Choose best account for you.


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Reply #5 on: December 05, 2019, 01:04:16 PM
This is great


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Reply #6 on: December 17, 2019, 08:14:07 AM
Very useful for choosing account


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Reply #7 on: February 28, 2020, 06:12:14 AM
Zero spread account is good


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Reply #8 on: April 27, 2020, 05:56:56 AM
The US dollar has strengthened against major currencies. In trading at the New York Stock Exchange last night (20 April) as investors bought the dollar as the safest and most liquid currency. After the price of oil fell sharply Including anxiety about the effects of the Covid-19 virus That is spread around the world

The dollar strengthened against the yen at 107.64 yen from the 107.59 yen level and appreciated against the Swiss franc at 0.9678 francs from the level of 0.9676 francs. In addition, the US dollar also appreciated against Canadian Dollars at the level of 1.4133 Canadian Dollars from the level of 1.4022 Canadian Dollars

The euro depreciated against the US dollar at $ 1.0861 from $ 1.0867, while the pound fell to $ 1.2445 from $ 1.2482, while the Australian dollar fell to $ 0.6348 from $ 0.6353.

Investors buy dollars as a safe currency After the price of WTI crude oil fell to the negative level for the first time since oil futures trading in the NYMEX, as investors are still worried that The government around the world uses lockdown measures. Will result in the demand for oil to subside.

Investors are keeping a close eye on the situation of the covid-19 epidemic, as the latest worldometer, a website compiled by public health agencies around the world, shows that the number of people infected with the covid-virus 19 Around the world is now 2,419,206 people and the death toll is 165,775 people.

For US economic data disclosed last night. The Federal Reserve (Chicago) Fed said the Chicago Fed National Activity Index (CFNAI) dropped to -4.19 in March after touching +0.06 in February.

The CFNAI is a weighted index of 85 economic activity indicators in the United States. Positive CFNAI indicates higher economic growth than the trend, while the negative CFNAI indicates Indicates the growth of the economy that is below the trend

Other US economic data scheduled for this week include second-hand home sales in May, home price index for February, the number of weekly jobless claims, the purchasing manager index ( PMI) April gross production from Maritimes, Purchasing Managers' Index (PMI) April gross service sector from Margit, new home sales in March , Durable goods orders in the month have. C. And consumer confidence in March from the University of Michigan.


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Reply #9 on: June 10, 2020, 06:19:51 PM
First, I worked with the ExpertOption broker on a demo, and then I decided to choose a main account for work and earn money.


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