Commexfx - www.commexfx.com

[Guest CommexFX]

Hi Everyone i am officel representative from commexfx . if you have any any question regarding this broker feel free ask me here

About CommexFX

CommexFX is a fully regulated award-winning STP/ECN Forex Broker with an excellent reputation for offering financial services to both individual and institutional investors.

Founded on a solid base of professionalism and always striving to exceed in excellence, the satisfaction of our client is our target.

Our vision is simple: to offer our clients the very best trading conditions and expertise in order to make their trading experience both a pleasant and profitable one.

CommexFX strives to offer the best online trading conditions and tools, via state-of-the-art trading platforms, covering the world of forex, CFDs and commodities. All these markets can be accessed through a single CommexFX account.

When trading with CommexFX you have the security of trading in a safe and secure environment, due to the fact that it is regulated by the Cyprus Securities and Exchange Commission (CySEC), licence number 153/11.CommexFX is also governed by the Markets in Financial Instruments Directive (MiFID).We are also on the registers of the Financial Conduct Authority (FCA) and we subscribe to the Investor Compensation Fund (ICF).

Our fully transparent STP/ECN model takes pride in offering highly competitive spreads with zero price manipulation or third party intervention, coupled with high execution speeds through a market network of liquidity providers. The most technically advanced trading platforms,and mobile platforms, including the MetaTrader 4 (MT4), allow you to trade at anytime from anywhere.

Our team consists of committed professionals who are always on hand to assist you with all queries. Our customer multi-lingual support is available 24/5.

CommexFX has been awarded by various prestigious bodies at recent events; such as for ‘Best Online Platform’ at the 2013 CIOT EXPO China, for the ‘Best ECN Forex Broker’ at the November 2012 Mena Forex Awards Dubai as well as receiving the prestigious Global Banking And Finance Review Award for the 2012 Best ECN New Comer Asia.

[Guest CommexFX]

CommexFX will be a platinum sponsor at the Jordanian Expo in June 2014 organised by JFEX

Once again JFEX will be holding its annual investment expo in Amaan, the city of the Hashemite Kingdom of Jordan on the 3rd and 4th June.

CommexFX leads the way by being the Platinum sponsor at this event; a showcase for an array of seminars, conferences and ideas. The JFEX is also a great opportunity for all industry leaders to mingle and exchange ideas on trading and investment related services. Due to the increased demand in the FX industry, the size of this event increases every year and as does its reputation.

Jordan is experiencing an industrial growth, being nominated by MENA as one of the best cities in the region as far as economic, labour, environmental and socio-cultural factors are concerned. It is an undisputed fact that a growing number of well-known international companies have entered the Jordanian market.

The event is expected to attract at least 2000 attendees, including important IBs, institutional and retail traders.

This excellent example of networking in an industry which is rapidly achieving popularity as well as international respect will be covered by journalists from all over the world, as well as local press from the MENA region.

For more information regarding the expo click here.

[Guest CommexFX]

The Coffee Beans are Jumping!

The substantial fluctuations in the price of coffee continues to make headlines as Brazil experiences its largest draught in 50 years and the US sees coffee rust devastate its plantations.

At present, Brazil and Vietnam are the biggest exporters of this impactful commodity, accounting for 60% of global exports. Vietnamese farmers have become quite savvy in the art of coffee production and it has become quite common for them to withhold production when they do not consider the market price to be good enough; hence deliberately influencing the price.

A slump in exports from the Sub-Saharan countries of Africa was also witnessed, and survival tactics may include developing ‘niche-markets’ , like Ethiopia and Kenya have already done in order to compete with the levels of Vietnam and Brazil. These niche markets refer to the production of high quality Arabica bean, like the one produced in Columbia.

So what is the future for coffee? It all boils down to consumption….interestingly enough, Europe, the more traditional coffee consumer, has been outpaced by the emerging markets, namely South America, which has experienced an increase of 136% in exports over the last 10 years, over taking the US and Canada. Asia has also increased its exports by 50% and the Middle East by 30%. This increase in production from these new markets will maintain the crisis and continue to push the price up, and the present figure of 2.25 billion coffee cups being drunk per day globally will continue to rise.

Coffee, a commodity to be watched carefully!

http://www.commexfx.com/the-coffee-beans-are-jumping-30052014/

[Guest CommexFX]

LeapRate Exclusive: CommexFX launches JForex platform at Jordan FX expo

As leading edge technology continues to be a necessity for retail brokers, CommexFX launches Dukascopy’s JForex platform.

Emerging market economies are increasingly gaining ground among FX brokers as potential regions for growth, as several key retail FX brokerages headed to Jordan for the annual Forex Expo which takes place today and tomorrow.

One particular brokerage is Cyprus-based CommexFX, which has launched its version of Dukascopy Bank‘s JForex platform today at the event, which was attended by many retail brokerages with a client base in the Middle East, including FXCM, CitiFX, ADS Securities, Merex, ICM Capital, Merex and Noor.

CommexFX’s Diana Munoz spoke with LeapRate last week in a television interview, detailing the firm’s business model, an interview during which Ms. Munoz explained that Cyprus is an ideal location from which to gain a client base from not just Europe, but also Asian markets.

The company added the JForex platform, citing technological advancement and the security of operating with a Swiss bank as being key factors in the decision.

Jean El Khoury, Head of Marketing at CommexFX explained to LeapRate that “Any expo presents the ideal opportunity to meet our valued traders and clients face-to-face, but at this particular expo we also had the chance of sharing the experience with Dukascopy as we add their platform, the JForex to our list of prestigious trading platforms,which includes our popular MT4.”

“We are convinced that since we share the same goals for offering clients superior FX products and technical solutions, the partnership between Dukascopy and CommexFX will flourish and prosper benefitting both parties.”

Speaking from the event today, Luis Sanchez, First Vice President of Dukascopy Bank reported to LeapRate that “Just to give an example of the kind of professional relationships we have with our White Label partners, not only do we partner with them but we also accompany them to expos, share the stage and help them promote the JForex platform, along with their other platforms. We support them all the way, and I am pleased to announce that this new concept is put into practice today at the 9th Jordan Expo in collaboration with CommexFX, who are the Platinum Sponsor.”

Technological innovation has been a subject of importance more so than ever this year, as detailed by LeapRate’s interview with Dukascopy TV in Geneva last week, during which the forthcoming Forex Innovators conference in Tel Aviv, Israel was discussed, along with the rationale behind it.

The business to business conference will be launched shortly, and will be presented by LeapRate to an international audience encompassing the world’s most prominent innovators in the Forex industry.

http://leaprate.com/2014/06/22728/commexfx-launches-jforex-platform-at-jordan-fx-expo/

[Guest CommexFX]

Middle East witnesses excellence of CommexFX!

IMG 20140605 WA0001 Middle East witnesses excellence of CommexFX!CommexFX’s popularity sweeps through the Middle East and achieves recognition for its excellence by receiving the award for ‘Most Transparent Forex Broker’ at the 9th Jordan Forex Expo and Awards 2014 which recently took place in Amman.

CommexFX was also the Platinum sponsor at the event which not only succeeded in attracting over 2000 attendees, IBs and institutional and retail traders, but also proved to be a showcase for all industry leaders within the MENA region to mingle and exchange ideas on FX trading and investment related services.

The JFEX expo was also an excellent opportunity for CommexFX to launch its new platform, the JForex platform, a technically advanced software to add to its list of prestigious online trading platforms. The White Label partnership CommexFX has undertaken with Dukascopy, owner of the JForex platform, further enhances its determination to offer its clients nothing but the best brokerage services with superior trading tools and conditions; the security of operating with a Swiss bank was a key factor in joining arms with Dukascopy.

http://www.commexfx.com/middle-east-witnesses-excellence-of-commexfx/

[Guest CommexFX]

Forex Trading in China

China, does not have a free market economy, hence remains an unusual place to start a business. As a result, the political structure is closely tied to economic growth. The communist government in China, in one way suppresses development, but also fosters, and sponsors the growth of Chinese industry, and its expansion overseas. This in turn protects domestic industries, which gives it an edge as a nation over the others in the BRIC category.

A persistent difficulty for Forex brokerages is that China is more or less impermeable to western companies as the entire business methodology in China is in stark contrast to other global models. Strict restrictions on non-domestic companies operating for forex trading China, seizing financial assets of companies participating in JV’s with Chinese organizations, and blocking bank accounts of foreign companies operating in Chinese territory, makes it a hindrance for growth, sometimes.

The Chinese government, and regulators view forex as a highly leveraged product which carries too much exposure. Specifically, in China, when we look at the huge population, huge losses in savings can end up in a crisis that would shake social stability. Chinese people have that inherent risk-taking attitude in their blood, and also have a lot of savings, due to lack of social welfare. Hence, the risk of losing out precious money, in lieu of forex trading, is very real, and dangerous.

The government, however, also considers forex as a more “fair game”. With the huge market, clients can become better off without market manipulators, but opening up to OTC is a huge step for them, both in forex and in futures.

A recent trend shows that more companies are trading goods and services with China, and pricing it in yuan instead of dollars. The fourth quarter of 2013 saw a 30% increase in yuan trade settlements, up from the second third quarter. Although the currency remains tightly controlled, the Chinese government and many fund managers are betting on the yuan becoming the new yen in Asia. According to the Bank, dollar activity in the 4th increased by just 2%, while euro,pound and yen trade, all declined.

Last year, China’s merchandise trade exceeded $4 trillion, making it the world’s No 1 trading country. Total cross-border yuan settlement was 5.16 trillion yuan, up 61% year on year.

Read More http://www.commexfx.com/forex-trading-china/

[Guest CommexFX]

How Does an ECN broker Work?

Definition of ECN Broker

An ECN broker is an electronic system which links the market participants, the buyers and the sellers, to an automatic program which matches markets orders and then executes them. The markets participants are a basket of brokers, banks, hedge funds, liquidity providers and retail traders, all hoping to obtain the best possible price available. The ECN engine then displays the best available bid and ask quotes from the multiple market participants, and orders are then automatically matched and executed. The speed at which this is done is one of the main attractions of an ECN model; another attractive feature of the ECN model is the absence of a Dealing Desk.

So how does it actually work?

When the client selects his preference of currency pair, an ECN broker will provide him or her with market depth ( order book),that is the ‘bid prices’ of buy orders, the total volume of bid price, the ‘ask price’of sell orders and the total volume of ask price. All quotes come from the market participants and the ECN engine matches the best ones to each other and then displays them to the client directly, there is no middle man intervention, no Dealing Desk.

The orders processed by ECN agents are usually limit orders.

Because ECN spreads are much narrower than those used by everyday brokers, electronic communication networks brokers charge clients a fixed commission per transaction.

Electronic communication networks allow individuals to communicate almost instantly regardless of geographic location. This makes ECNs an effective way for individuals to come together and make direct trades.

ECNs have also made the financial markets more efficient and more global.

Advantages of ECN trading

No Dealing Desk

Spreads are narrower

Fast trade execution, clients trade forex instantly on live streaming, with immediate execution. 4. The market participants providing price quotes are world-class banks and financial institutions.

Transparency- all orders and rates can be seen, reflecting market depth and enabling the client to make better buying and selling decisions. This will help you analyze market depth, which in turn enables you to make better buying or selling decisions.

http://www.commexfx.com/how-does-an-ecn-broker-work/

[Guest CommexFX]

Forex trading Dubai- the know-how of business conducted in the bustling city

Banking divisions and other corporates facilitate Forex trading Dubai. The business know how is simple. Familiarize yourself with the advantages of Forex on a convenient trading platform and how you can make enormous profits just by trading with 8-10 major currencies. When you realize the business potential of the economy and how you can catapult to higher positions in life by effective trading, then smart moves are all yours. A few advantages of trading Forex in the bustling economy are as follows

Extensive FX product coverage

There are financial corporations or biggies which offer you to trade in more than 160 currencies across the world. This gives you the versatility of trading better. You are able to practice your moves on quite a wide forum. This expands your career horizons in the FX market rocket high. The bustling city Dubai is known as the “Real estate Empire of the world” and has no dearth of opportunities for the smart bees.

More than 1,100 training academies

You can find more than 1,100 training academies providing comprehensive training for FX trading. The presentations are made on a live demo platform where real-time business takes place across the world. You as a student can feel enormously confident on persuading a successful venture in trading with currencies upon completion of the course. Online courses or tutorials are also available with live traders/brokers giving you market updates from time to time.

Course contents

The training course includes

Charting and technical analysis

Know-how of performing on a Professional Trading platform

Enhancing your own personal techniques to trade in the FX market

Other benefits FX brokerage firms offer clients

Liquidity

Firms provide clients with a high level of liquidity. Liquidity is the capacity to convert an asset into cash. With currencies i.e. various form of cash used for trading as an instrument do you have any qualms on the liquidity factor? Most of the successful brokerage firms deal with currencies involving Euros, US dollar, Pounds, Swiss Franc. Two currencies are paired up and traded in the live market.

Leverage

You are able to make great profits from the concept of leveraging. Leverage is ability to trade with a bare minimum deposit as the base but able to trade on 100 times the deposit value. Most brokerage firms offer you a leveraging ranging from 100:1 going up to 1000:1.

100:1 means with a $1 min deposit you are able to trade currencies to the tune of $100.

1000:1 means with a deposit minimum of $1 you are able to trade on a platform worth $1000.

These high leverages give you the desired amount of profits on a platter.

Certain guidelines new traders need to follow

a) Trade on a dummy platform for as long as you want till you perfect yourself with the moves. Sophisticated trading platforms like MT4 (Meta Trading 4) are available online. You can download a free trial and practice moves like the way it is done on a real market.

b) Read offer disclosure statements carefully.

c) Approach a seasoned broker and get yourself thoroughly trained. Familiarize with terms like liquidity, leveraging, trading on multiple platforms, how to interpret charts and graphs, etc.

When you do your home-work right you can emerge as a successful trader.

http://www.commexfx.com/forex-trading-dubai/

[Guest CommexFX]

Meta trader 4, UK- The Leading FX platform

The MetaTrader4, best known as the MT4, is the popular choice of traders worldwide. As the demand for FX trading increases, so do the number of FX disciples and software companies everywhere are continuously launching new forex trading platforms to compete with the MT4, but, up until now, it still sits on the throne as the most widely used FX trading platform worldwide.

The MetaTrader4 is a full-cycle trading platform that includes both back-office components and front-end terminals. So, with the MetaTrader4, a broker needs no additional software to get the brokerage business going. For the trader himself, the MT4 is completely user-friendly and offers a wide range of powerful tools, it enables to manage the set-up of groups, financial instruments, databases, data feeders and many others.

The following advantages are testimony to its popularity and growing success.

API –Application Program Interface, this allows the software to extend its functionality and integration with other systems. It also grants access to ready plug-ins designed to facilitate smooth operation of the platform.

ML4 language- this is the programing language of the Mt4, extremely popular as it allows the creation of new scripts, and integration of EAs, allowing full automated trading

The platform boasts a robust security system on the online operations as the MT4 uses 128 bit encoding

Full set of technical analysis tools and graphics are available

The platform offers multi-lingual and multi-currency support

The MT4 server can serve over 10,000 traders working with multiple accounts simultaneously. The server is capable of processing dozens of different financial instruments with quotes history going back years.

MT4 gives you a complete picture of graphs, algorithms and indices charts with clarity and precision. The software supports use of sophisticated methods of representation that even a non-MT4 trader will want to switch over to the MT4 platform.

Customization

MT4 allows its traders to customize trading operations within the market in sync with their level of expertise. It can meet their trading needs and practices. For example, if you want to start off the day with trading in gold, then switch over to FX trading in the middle of the day and finally end up with stocks and equities.

Meta trader 4, UK is therefore the most sought after software in town.

http://www.commexfx.com/meta-trader-4-uk-the-leading-fx-platform/

[Guest CommexFX]

How to Become A Savvy FX trader !

When trading in the exciting and lucrative FX markets, what should one look for? Which are the factors that make all the difference between a smart trader and a novice trader?

Spreads-the lower the better!

The spread is the difference between the buying price and the selling price of a foreign currency. Traders everywhere are looking for low spreads as this guarantees double the profit when trading volume.

ECN/ STP-trading environment

This involves no intervention of a third party, thus no Dealing Desk, allowing for transparency of live prices, all orders and rates can be seen by the client, reflecting market depth and allowing the client to make better buying and selling decisions.

Flexible Leverage-the higher the leverage the more risk involved!!

Leverage allows a trader to trade more money than he /she actually deposited into the account. So a client who deposits $100 and selects a leverage of 200:1 allows him/her to trade with an equity of $20,000. The higher the leverage the more risk involved as more funds can be lost.

Choice of Advanced Online Trading Platforms

Trading has never been so easy as it is nowadays with the use of user-friendly software. All trading platforms are easily downloadable and managed, with self-explanatory advanced features, widgets and other applications making the art of trading attractive. The ability to see all financial instruments, and different currency pairs or sessions on multiple screens, to generate historical reports of all trading activity, to integrate all EAs needed , to create graphics, follow technical analysis, to add other plug-ins, all these factors are essential in facilitating FX trading, not to mention the fact that most platforms are nowadays available in many languages too.

Read More http://www.commexfx.com/how-to-become-a-savvy-fx-trader/

[Guest CommexFX]

Mastering Demo Accounts

Plunging into live forex trading, without knowledge or experience in FX, can result in substantial losses to your bank account! Fear, along with ignorance, are the biggest enemies of FX trading, and these are immediately eliminated when trading in demo accounts.

Investing time in a demo account will undoubltly improve your trading strategy. A demo account simulates a live trading account, with identical trading conditions, including same real time spreads and leverage, as well as real time signals and forex charts, all with zero risk.

Advantages of a demo account

Virtual Funds

Since the funds are virtual, you trade with no risk; so the element of fear is eliminated and your trading strategy can improve with confidence.

Unlimited Use of demo account

You trade without pressure as a demo account, in most brokers, is available for an unlimited period. This improves practice, allowing you to learn more aspects of FX trading and increase your FX knowledge.

Gain experience

Practice makes perfect, and this applies to FX demo trading! The more you use a demo the more experience you gain, and of course, successful FX trading is all about confidence, knowledge and experience!

Many FX brokers will encourage even the most experienced and savvy trader to manage both demos and live trading accounts simultaneously, as they may want to trade different currency pairs or trade in different FX market sessions. In short, successful demo trading will improve the trading strategy of any serious FX trader; and a successful trading strategy leads to profitable trading!!

http://www.commexfx.com/mastering-demo-accounts/

[Guest CommexFX]

Benefits of Forex trading

What is Forex trading?

Forex is an acronym for Foreign Exchange Markets. Forex is further denoted by the symbol FX a well known term among investors, bankers and stock brokers across the world. The Foreign Exchange Market or currency market is a global, decentralized market for trading of currencies. Major international banks are the core participants in the FX market.

Financial centers around the world provide a convenient platform for trading in currencies among multiple buyers and sellers round the clock with the exception of weekends. And the FX market operates on several levels.

Let us briefly look at some unique advantages of FX trading.

24 hour market

As already mentioned in the introductory paragraph the FX trading operates on a 247 basis with the exception of weekends. Trading across the world starts when the markets open in Australia on Sunday evening and closes when markets end at New York Stock Exchange on Friday evening.

High Liquidity

Liquidity is when you can easily convert an asset into cash with minimum price fluctuations. In FX market one can easily effect transactions by moving huge lots of foreign currencies in and out of the market with least price fluctuations.

Low transaction cost

As per FX terminology the cost for a transaction is added with the price i.e. Buying price of the currency itself. This in other words is called a spread. Spread is the difference between the buying price and the selling price.

Leverage

The leveraging factor is nothing but the ability to trade more money in the market than what is actually available on the traders’ account. Forex brokers allow traders to make profits on the leveraging factor. If you are allowed to trade on a leverage factor of 50:1 ratio it means you can trade for $50 with $1 capital available on your account. You can control a trade volume of $50,000 with just $1000 worth of capital.

You need to open a Forex trading account online to be able to buy and sell foreign currencies. For every FX currency you buy, your account will be credited with the aforesaid amount. For every FX transaction you effect in terms of selling the corresponding currency will be debited from your online Forex Account. The profits you incur of the same will be wired directly into your account through PayPal.

Profit potential from rising and falling markets

You can trade freely in the market as far as your potential goes. If you feel a currency price will go up, you can buy it, in other words, go long. Increased currency price indicates you can sell it at the much increased price. You can compensate for huge profits by trading on volumes. On the other hand, if you feel the currency value is going to drop, you can sell it or go short.

Seasoned stock traders can make huge amount of profits and even become overnight millionaires. On the other hand, if you crave for huge amount of profits and start trading without following the tricks of the trade you can also end up losing a lot of money. Thus, you should exercise caution while you are operating in the Forex market or stock market.

http://www.commexfx.com/benefits-of-forex-trading/

[Guest CommexFX]

Choosing A Forex Broker!

The FX market is such a fiercely competitive market that just thinking about which broker to approach will be a tiresome task, especially if you are not sure what you are looking for!

Role of a Broker

In order to trade in the FX markets you need an FX broker. But what is a Broker?

A broker (brokerage firm) is a place where buyers and sellers of different currencies, from the FX markets, come together to buy and sell. It operates as a middle man between the trader and the market, and it also provides the financial tools required to be able to carry out these transactions, such as the online trading platforms.

Factors to help choose a Broker

Regulation and licencing

A crucial point when choosing a broker, you are investing your money in this entity so it is important that it is regulated and authorized within its financial jurisdiction.

Safety of Funds

A reputable broker should take extreme measures to ensure that client’s funds are always 100% secure and governed by the principal of SAFETY.

Client’s accounts should be segregated and kept in different accounts to company accounts.

The broker should also guarantee it uses reputable banks for clients to deposit their funds.

Variety of Methods for Deposit and Withdrawal of Funds

A successful broker should cater for the needs of all its traders. Therefore, it should offer a variety of fast and efficient payment methods where deposits and withdrawals are carried out at great speed and without problems.

The methods of payment should also be safe and secure.

Tight Spreads

An attractive feature for traders as the lower the spread, the more profit they can make.

Fast Execution

The faster the execution of the trade the more satisfied a trader is, as he is obtains the price he wants, as well as seeing the market depth of the price itself. There is an element of transparency with the absence of a Dealing Desk.

Variety of Accounts

A good broker will offer its traders a variety of accounts, with different contract size, lots traded, different leverage and different stop levels and margin calls.

Online Trading Software

Since online forex trading takes place on trading platforms, make sure the broker you choose offers the latest trading platform, which must be user-friendly and reliable, as well as fats and efficient.

The platform should offer easy-to-use technical and charting tools, educational tools, financial instruments to use and should be available in different languages.

Excellent Customer Service

The importance of a good customer service remains undisputed. A client needs to have confidence that his problems and queries will be solved at all times, facilitating his trading activity.

All in all, the more experienced you become in FX trading and the industry itself, the easier the selection task for an FX broker!

http://www.commexfx.com/choosing-a-forex-broker/

[Guest CommexFX]

CommexFX participates in World Cup mania by launching its own contest!

CommexFX participates in World Cup mania by encouraging FX traders to participate in a Football Contest to guess the winning teams of the contest.

The contest will ran throughout the entire World Cup season which starts on Thursday 12th June and ends on Sunday 13th July 2014.

There will be 3 prizes given to our winning participants and their names and account numbers will be posted on Facebook after the World Cup ends on 13th July 2014.

The prizes will be as follows: an iPad, an iPhone and a Tablet. All prizes will be named on Facebook.

Learn more http://www.commexfx.com/commexfx-participates-in-world-cup-mania-by-launching-its-own-contest/

[Guest CommexFX]

Introduction

CommexFX participates in World Cup mania by encouraging FX traders to participate in a Football Contest to guess the winning teams of the contest.

How to participate

Only new clients or CommexFX clients who have never deposited in their live trading account are eligible to participate. Existing clients of CommexFX who have previously deposited are not eligible for participation.

In order for any eligible client to participate, a live CommexFX trading account needs to be opened with a minimum deposit of $200. The supporting account documents need to be submitted as well (proof of ID and proof of residence)

CommexFX Facebook will post the table of games throughout the duration of the contest, as well as updated information of the game results. All you need to do is guess the overall winner of each of the 8 groups for the first stage which lasts from 12th June till 26th June and send us a message via Facebook quoting your full name and account number.

You do the same during the Round 16th Stage which last from 28th June till 1st July ; the same for the Quarter Final Stage , taking place on the 4th and 5th July ; and the Semi-Final Stage on 8th and 9th July. The date of the Final Game is the 12th July 2014.

Read More

http://www.commexfx.com/contests/fifa-2014/

[Guest CommexFX]

HOW CONFIDENCE LEADS TO SUCCESSFUL TRADING

Confidence is the answer to successful trading, it will help you master your trading strategy and enable you to conquer the world of FX trading!

The question we ask ourselves is how is this confidence achieved? The answer is not that simple as a number of intricate factors are involved in the confidence mechanism. First, one must arm himself with knowledge of the FX markets, how they operate, what tools are required, how do platforms work and, the most important, when to trade? All of these can be learnt, either by self-educating yourself with the use of webinars, seminars, manuals and other educational tools available online everywhere, and a demo account can be opened with any FX broker and serve as a practice tool since it simulates the exact trading conditions as a real live account but without the risk of losing funds as they are virtual.

Losing trades can serve to build confidence in your trading strategy, simply analyze why you lost that trade, or why it failed and that loss will be ‘the best teacher’ you will ever have. You can also evaluate your daily trading journal to check what went wrong and this will eventually prevent the losses from happening again.

Winning a trade or two is a great confidence-booster, but it can also give you a false sentiment of confidence that you have mastered the art of FX trading! Imagine the ‘first-time lucky scenario’ where you place some trades and succeed with all of them? This may urge you to invest greater amounts of funds into your trading account and rush to over-trade, with a great possibility of losing all the funds. This situation can be dangerous, as it derived from pure luck, no thinking or skills were actually involved. In fact, this situation could be described as ‘false’ confidence, and this is exactly what needs to be avoided at all costs.

As opposed to ‘false’ confidence, your aim should be to obtain ‘real’ confidence. This will be achieved by developing a trading plan, not over-trading until you are armed with both knowledge and confidence, never risking more than you can afford to lose and using positive trading habits. The golden rule here is to never ever rely on ‘luck’; this can be as destructive as it can be joyous!!

Perseverance is another confidence- booster; ‘if at first you don’t succeed, try and try again!’ A successful trading strategy will only be developed over time, so patience is a key factor. Learn from the ‘silly trades’ which failed to learn why they failed and avoid them the next time round. In fact, these ‘mistakes’ are the ones that will greatly improve your trading strategy as they will serve as a lesson. Remember, no one was born how to trade in FX, it is a process which requires perseverance, determination, dedication, knowledge and a lot of patience!!!

So having now learnt that luck is to be avoided when developing our trading strategy, let’s enter this intriguing and fast pace world of FX trading by building an indestructible confidence, arm ourselves with powerful knowledge and begin positive and successful trading!!!

http://www.commexfx.com/how-confidence-leads-to-successful-trading/

[Guest CommexFX]

WHY WESTERN FIRMS ARE FLIRTING WITH ASIA

The love affair between the West and Asia continues to strengthen. While the rest of the world is dealing with a global economic crisis, the Asian markets are growing at a breathless pace, and this is even more noticeable in the financial sector.

Western firms have noticed this niche and eagerly want to gather clients from all over Asia, namely China, Vietnam and Indonesia, by signing strategic partnerships with local IBs and the set-up of offices in Hong Kong, Singapore and even Australia.

The attractive characteristics of the Asian markets are the fact that its financial markets are very developed, the traders are savvy and the region is free from financial and economic crisis which has infected parts of Europe. The number of people inhabiting these areas results in high volumes which is highly appealing to brokers. Technology is also very advanced in this region and this also contributes to the rise of these markets.

The key to a full penetration of the Asian markets is understanding the culture and the language. English is not widely spoken and the Asian people feel more comfortable dealing with someone in their own language, they also use certain means of communication which differs from the rest of the world; in China Facebook and YouTube are banned and they prefer to chat via QQ, and use YOUKU and TOUDU.

Another success story with Asians is the use of bonus credits as promotional campaigns; they love this. The ideal scenario for them is that they get either a no-deposit bonus when opening a real account ($50, $100 or $200) or that on depositing funds, they get a bonus credit of 50% or sometimes even 100% of the amount deposited. These bonuses are generally not withdrawable and serve as a cushion for trades.

GROWTH OF THE IB IN ASIA

Western firms have discovered that a safe way to enter the FX Far Eastern markets is via a local IB, or local representatives; or even with a White Label solution with Revenue Share. This way they have a local representative, promoting their products in their language and with their local know-how, guaranteeing more of a response.

http://www.commexfx.com/why-western-firms-are-flirting-with-asia/

[Guest CommexFX]

Awards Review-CommexFX Does It Again!

CommexFX does it again!! Yet another award to adorn the office mantelpiece, this last one for the Most Transparent Broker 2014, received at this month’s Jordan Forex Expo which took place in Amaan.

So far, in the first half of 2014, CommexFX has received 3 outstanding rewards from recognised bodies in the FX industry; apart from the award mentioned above, CommexFX also received the Best White Label Solution 2014 and the Best Global Trade Execution 2014, both announced at the CIOTEXPO in Shanghai in May 2014.

CommexFX ‘s brokerage services not only receive constant international recognition for excellence, supreme customer care and remarkable product innovation, but they are also committed to global outreach. CommexFX is not only attending international expos in a bid to create international product awareness, but will be opening offices around the world in order to service its clients on a local level and at the same time create jobs within the community. The CommexFX global expansion will soon hit the headlines, watch the reviews and keep your eyes

http://www.commexfx.com/awards-review-commexfx-does-it-again/

[Guest CommexFX]

CommexFX the Altruist

We have seen that CommexFX cares about its traders by providing them with the best brokerage services and trading conditions in the market, but did you know that it also cares about the environment and supports all cultural and traditional events that take place in Limassol, the city where it is based?

Last year, CommexFX was honoured to sponsor the 50th year Anniversary of the Limassol Chamber of Commerce, held under the auspices of the President of the Republic of Cyprus. The Chamber encourages the economic development of Limassol by promoting all activities which raise funds for the social and economic sectors of the city; it is also fervently involved in the opening of new businesses, as well as offering substantial services to its businesses-members and solving local issues. The living proof of the Institute’s goals is the development of road projects, the Cyprus University of Technology, the Techno Park and a number of tourist infrastructure projects (e.g. marina, Conference Centre, etc.). Many reviews were written about this underlining a sentiment of admiration for CommexFX, and yet they just took it in their stride.

Yet again in September 2013, CommexFX demonstrated its commitment to tradition and cultural events by partially sponsoring the Afamia Grape festival, with its musical nights of folkloric dance and music. As per the reviews, the money raised from this festival, supports the Communal Volunteering Committee which provides services to senior citizens, including the provision of food and a 24 hour care.

CommexFX not only exceeds in excellence but it also cares about you, the trader, and the world you live in; it supports all worthy causes and believes that there is always room for improvement not only in the workspace but also surrounding us.

Trade with CommexFX and learn to be an altruist too!!!

http://www.commexfx.com/commexfx-the-altruist/

[Guest CommexFX]

CommexFX Goes Swiss

CommexFX is pleased to add Swiss credibility to its range of products by offering the JForex platform. The JForex is a leading web-based platform, tailored to the specific trading strategy for each client and meeting their technical requirements.

The JForex platform reflects Dukascopy’s testament to innovative technology, it is JAVA based and runs on any operating system, and can run on numerous devices simultaneously. It is available on iPhone, iPad and IOS platforms.

CommexFX’s new and existing clients can now access the SWFX (Swiss Marketplace), one of the world’s largest liquidity aggregators, meaning that execution is fast and reliable, there is no price manipulation or dealing desk intervention and pricing is transparent.

The forex platform is provided by Dukascopy, a well-known Swiss Bank and a White Label partner of CommexFX.

‘In keeping to our motto of exceeding in excellence, we, at CommexFX, are pleased to announce a partnership with Dukascopy Bank, which will add credibility to our already superior products and allow our clients access to the SWFX, as well as an excellent execution and outstanding customer service; all within a reputable ECN environment allowing a simple integration of spot FX online trading. We believe that FX trading and advanced technology go hand-in-hand so therefore this partnership with Dukascopy we hope will be a long-term relationship, focused on bringing us many benefits, both in client caliber as well a great international recognition.’