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Controlling Your Forex Risk

If you know about Forex you know that there can be a lot of risks involved, especially for new traders. Forex can mean high rewards, but as with everything in life, high rewards come with a high risk.

Controlling Your Forex Risk
If you know about Forex you know that there can be a lot of risks involved, especially for new traders. Forex can mean high rewards, but as with everything in life, high rewards come with a high risk. So when you start trading you should reduce your risk until you understand trading more and can control your risks. AGEA is perfect for new traders because it gives you loads of options which can reduce your level of risk. Controlling these factors can considerably control your risk level: Leverage Leverage is a loan provided by the broker to the trader, so that the trade can trade more capital than they have. It is given in a ratio to the amount of money you have to trade. For example a common leverage is 1:100, this means if you put $10 on to trade with, we will make this $1,000. Initially this sounds great, as the higher amount you trade the higher profits you can make, but consequences the leverage can mean higher losses. “Higher Leverage Can Mean Higher Losses.” “AGEA leverage can be from 1:1 to 1:500” A lower leverage is the best way to control your risk. AGEA gives a wide range of leverage to allow you to choose the level of risk which suits you. MetaTrader4 – 1:1 to 1:500 (initially 1:100) Streamster – 1:100 Capital Capital is the amount of money that you invest. The ultimate risk of forex is losing capital. But you have to start with some money to make money in forex – right? Actually no! AGEA will give you $5 to start trading live – so you don’t need any capital to get started. If you search the internet for “Forex Bonus” you will find offers up to many thousands of dollars – but beware, these all come with multiple terms & conditions. Most will only give you bonus’ equal to the amount you deposit – so if you don’t have anything to deposit, you’ll get no bonus. “AGEA will give you $5 to start trading live” “No deposit is needed, no expiry limit, withdraw whenever. Simple!“ So you search for “No Deposit Forex Bonuses” – again you will get options, but most have strict conditions on withdrawing profit from these bonus , for example you may have to triple that bonus before you can withdraw any money. Here are a couple of real Terms & Conditions on “No Deposit Bonuses” “1. To withdraw your free bonus you need 60 TPoints (trader points) 2. One bonus per household/IP address. 3. The bonus expires in 3 months.”“You can use the bonus for live trading, but you cannot withdraw it.” AGEA is different! We have no such conditions. Everyone gets $5 when they open an account, it can be used on MT4 or Streamster, no deposit is needed, no expiry limit, withdraw whenever. Simple! Spreads Spreads are, basically, the “fee” a broker charges for you making trades. So the higher the spread the harder it will be for you to make a profit. The brokers are themselves charged a spread by their liquidity provider (a Company who sets the forex rates).		So there will never be no spread on a trade, but the excess added to the liquidity providers will depend on the forex broker. AGEA charges NOTHING extra on top of the spreads charged by their liquidity provider on MetaTrader 4. And has great spreads on their platform, Streamster. Check out AGEA’s great spreads at: “AGEA charges No Commissions or Exchange Fees” Streamster Spreads: http://www.agea.com/index.ncre?page=streamster-services MetaTrader4 Spreads: http://www.agea.com/index.ncre?page=mt4-services Virtual trading “Practice Makes Perfect” The best way to become a forex trading expert is to practice. Test out your strategies, and see if you profit. But you don’t want to be practicing with real money, so start with a demo account. A demo (or virtual) forex account is a simulator of a real forex platform, but you trade with virtual (fake) money. With AGEA you can open demo accounts with MetaTrader 4 and Streamster. You can download these at http://www.agea.com/index.ncre?page=downloads “AGEA awards $100 to the trader who makes the highest virtual profit” Now you can make REAL money from trading with VIRTUAL money, through AGEA’s Master of the Month forex contest. Every month AGEA awards $100 to the trader who makes the highest virtual profit (via Streamster). You will automatically be entered when you start trading virtually on Streamster. For more information about this contest (one of many!) go to http://extra.agea.com/en/promotions/be-the-next-agea-contest-master Education “Knowledge is Power” – Sir Francis Bacon Many successful traders use fundamental or technical analysis to predict when currencies are going to rise or fall, and hence when they should buy or sell. “AGEA has an extensive education website - Why Not Read a Page A Day?” You can’t just guess which way a trade will go; you need to understand the currency and what affects it. AGEA has an extensive education website so you can learn how to get the most from your trades, and plan your strategy. Why not try reading one page a day at: Extra.agea.com/en/education “24 hour, Multilingual Live Support, known for friendly and helpful assistants” Support You definitely don’t want to be losing money because you don’t know how to use the platform right. AGEA has a 24 hour, Multilingual Live Support, known for friendly and helpful assistants. So any time you have any problems you can contact them at: https://www.agea.com/_nsssupport.ncre So now it’s time to get trading! Below a summary to help you decide which account suits you. Open Your Account at https://www.agea.com/index.ncre?page=open-account