Find out the history of forex trading, how it works and how to trade. Note this is an educational site only and not for the purposes of forex trading.
Easy Forex
Easy-forex.com offers an e forex platform that suits the new person to e forex trading while also acting as a good ground for the seasoned trader. For the upstart, the platform is ideal because of the low amounts required to start trading and therefore offers a lower risk of loss that usual. While low risk translates to low profit, there is no better way to learn the ropes in the very volatile forex market than to start with low risk trading and then increase the risk level with increased knowledge. With Easy forex, a trader can start transactions with as little as $25 which, in addition, is payable through a variety of options including Paypal, wire transfers and American Express. Easy Forex first went on line in August 2001. The two co-founders are Mr Komen and Mr Zelig. Mr. Komem specializes in eCommerce of multi-currency solutions. He has a strong background in banking and is an expert in international trading and hedging. Prior to Easy Forex, he managed some large customer Forex accounts and published numerous professional articles on Forex trade, techniques and theories while Mr. Zelig is experienced in establishing and managing private trading rooms and has a number of years experience in working for some of the largest banks as Chief Dealer on Corporate Desks, as well as the head of foreign currency exchange department. Mr. Zelig was responsible for developing and implementing corporate Forex training programs and publications. He is a key developer and implementer of Easy Forex innovative trading platform. For those green to forex trading and those who are technologically-challenged, Easy Forex is also ideal as the platform is web-based. There is no software to download and this has the immediate advantage of being useful to the least technologically-informed trader in addition to enabling the trader to carry on trading at all times and wherever they have access to the Internet. This is a huge advantage as set up problems can act as inhibition to some traders. For the seasoned traders who are not averse to taking bigger risks, Easy Forex has programs that take of them. Apart from the Mini Account discussed above which allows traders to start trading with $25, Easy Forex has two other account types. These are the Gold Account whose minimum trading amount is $500 and the Platinum Account whose minimum is $2,500. In addition to having accounts that cater for customers at different levels, Easy Forex does not charge commissions or bank charges on any of its transactions. Moreover, the forex trader is allowed to freeze the forex rate at which he or she wishes to buy or sell. This offers the trader a considerable degree of control and greatly mitigates the possibility of loss. Perhaps in the belief that their customers are unlikely to encounter many problems with the platform, Easy Forex customer support is limited to contact via email only. This can pose quite a challenge to traders who have really unique and personal questions which might require a more personalized way of communication such as a telephone conversation.
No Demo Account While you can make payments to Easy Forex through a variety of methods, they are only able to make disbursements through wire transfer. This can cause an inconvenience to some traders in addition to being rather expensive when compared to other methods of making payments. For deposits using credit cards, Easy Forex will also require that you provide photocopies showing both the back and the front of your credit card. When all factors are considered, Easy Forex is a good platform that serves the new forex trader well and offers a real opportunity to the trader lacking in technical knowledge. With Easy Forex, a trader can start trading at any time.
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