EagleFX keeps your fund safe
Forex trading is an important aspect for people who want to earn maximum profit from their money. There are several benefits of forex trading, and if it is done via a reliable broker, then the sky’s the limit for you. EagleFX is one such broker who helps make this dream come true while providing multiple benefits if you start trading on its platform. Let’s take a look…
Forex trading is one of the most popular modes of making money and indulging in quick profits and sometimes losses. It is the marketplace where the world’s currencies are traded regularly, and it is the largest financial market in the world.
Trading in the forex market is risky, but at the same time, it is the way to make quick money. There are many advantages of trading forex. These could be convenient hours, high liquidity, and trade on margin. There are several other benefits of trading on foreign exchanges. Below are some of them.
Long and short selling
One can either opt to trade for a long period or for a short duration, whichever is suitable to the trader. While a trader can go short on other markets by using derivative products, short selling is an inherent part of trading forex. This is always because traders sell quote currency to buy another base currency.
24 hours trading
The market is open 24 hours a day so that the trader can do the trading at any time of the hour at his own time and ease. They are open for these long hours because forex transactions are completed between parties directly, over the counter rather than through a central exchange.
Four major sessions are there in forex trading. They match the opening hours of banks in London, New York, Sydney, and Tokyo. However, the timings of trading change in a few months in March, April, October, and November as countries shift to daylight savings on different days.
The foreign market is one of the most liquid markets in the world. There are a large number of buyers and sellers trading at any time. The majority intended to generate a profit. The transactions are completed quickly and easily. Hence, the transaction costs are meager.
Volatility in the market
The higher the volatility in the forex market, the higher is the volume of currencies traded every day. It translates to billions of dollars every minute. It makes the price movements of some currencies extremely volatile. One can reap profits by speculating on price movements in either direction. Volatility is a double-edged sword and can turn the tide against you.
With EagleFx, trading in forex exchange is easy, and foreign exchange pairs are leveraged, which will help in making more profits. One can open up a position in the currency market by paying only a small proportion of the full value of the position. It means that the trader gets the profit or loss on the full value of the position when it is closed. There is a margin that a trader gets on trading, and that margin offers an opportunity to make large profits.
Variety of currency pairs to trade
EagleFX offers various currency pairs to be traded on the exchange. One can trade any number of currency pairs while speculating on global events and the major and micro-economies’ strength. With EagleFX one can trade with more than 100 forex currency pairs.
It is the most important factor in forex trading as it helps mitigate the loss to a minimum and limit it to a known amount. Hedging will reduce the risk of unwanted moves in the forex market. This could be done by opening multiple strategic positions. There are many strategies to be used to hedge forex.
Eagle FX role
To get the benefits of forex trading, especially for the novices, it is important to have a broker who can guide you in the best possible way to help you save your money from risk and get you maximum profit. This could only be possible if the broker is trader-friendly and trader-centric. EagleFX is one such broker that has created a niche for itself in the forex market by aiding the traders with the safest and most profitable trading sessions.
Headquartered in the Commonwealth of Dominica, EagleFX is one such broker which offers trading options on forex pairs, company shares, commodities, and cryptocurrencies alike.
The broker has a very navigable website that can be operated by the professional and a novice easily. One can open up either a demo account first to understand the trading sessions and then open up a live account to start trading. It has one standard trading account, which can be modified in many ways. One can open the account with various base currencies like the EagleFX ZAR account.
The broker also offers an Islamic account, which can be open on request by the customer care executives. The trader can use the full benefits of opening such an account with EagleFX.
Trading is simple with ease
The trading terms and conditions with EagleFX are simple and straight. They offer multiple trading instruments like currency pairs, stocks, and cryptocurrencies. Even if the leverage rate is lucrative or affordable Commission rates, EagleFX offers very impressive sessions and believes to be beneficial brokers in the market.
Protection with utmost care
Your funds are protected with EagleFX with a multiplayer of security to it. The broker provides high-tier fund protection mechanisms. The fund is protected with the utmost care, which a trustworthy broker is all about. Therefore it is certainly worth trading with EagleFX. The broker protects your position from devastating losses if you open a leveraged position and the trade goes against you. You can run out of funds completely. With negative balance protection, you are safe. As soon as the account balance comes to zero, your position is closed automatically by the software. This saves you from paying extra losses.
The broker also gives multiple layers of fund protection from virtual risk. The fund is stored in the offline storage space where there is no possibility of hacking. The money is kept in a segregated bank account and is not stored on the broker’s balance. Therefore, they are safe and sound if parked with EagleFX.
Customers’ compensation fund
If any arguments or the customer is mistreated at the EagleFX, then there is a customer compensation fund via which every penny of the customer is given back. Eagle FX ensures to keep the customer’s pride first and deals with them with utmost respect and sincerity.