Fledgling Forex traders can often feel exposed to the elements when taking their first steps in the currency exchange market, but when they join Forex Club they’re offered a helping hand through a seemingly impenetrable matrix of numbers.
Operating as a brand name of Indication Investment Ltd, Forex Club is based in Nicosia and regulated as an online FX trader with under the Cyprus Securities and Exchange Commission (CySEC). Aside from offering access to the world’s currency market, the mantra Forex Club aspires to uphold is to raise the “financial literacy” of those who join its virtual platform.
FXClub-Global.com’s Special FX:
With a strong focus on improving the FX knowledge of all its traders, the defining feature of Forex Club is their education section. Starting from the basics and moving up to offer training material on various strategic concepts in the trading world, the information on offer at Forex Club is enough to benefit both complete beginners and seasoned investors.
One of the toughest aspects of FX trading is the analysis of chart patterns and how they should influence your investment decisions. Indeed, knowing how a chart develops and what pieces of data to look for can make the difference between a losing trade and a profitable sale.
For novice traders the world of FX charts can be a minefield but thanks to Forex Club’s comprehensive glossary they can learn the subtleties of Symmetrical Triangles, Reverse Head and Shoulders and Wedge patterns.
Forex Club offers three trading platforms with varying degrees of operation. For beginners the StartFX platform automatically takes care of many operations which they might find tricky. With a built in adviser, no spreads or requotes and streaming new from courtesy of Dow Jones, this is perfect option for those new to the market.
For those with more experience in the FX world MetaTrader 4 and SharkFX offer OneClick Trading, hedging positions and no dealing desk so all trades a connected directly to the currency market.
Beyond Forex Club’s demo option, traders can open a standard Forex Club account which carries a minimum deposit limit of $200 and no commission charges. In addition to this traders can take advantage of a 1:50 leverage ratio and zero spreads on major currency pairs.
Indeed, instead of taking a spread from each trade, Forex Club charges a flat rate of $0.40 for every $1,000 lot traded. For novice traders this a great way to save money as they can dabble with a series of small trades and find their feet before incurring charges on their account.