The central meaning of working on the exchange is to choose a clear action plan. Before starting to work, a trader will need to select one of the fundamental strategies or concentrate on working with indicators, which are linked to the currency rate charts. The separate method of technical analysis also implies the use of arrays of analytical data without using charts. Ultimately, indicators such as the amount of capital, the duration of trades and the number of transactions are determined by the type of strategy selected.
For the best start of trading activity, a novice trader should choose a broker who will become a guide for a novice trader in the world of financial services.
Forextime Singapore: about the broker
FXTM is a global brand that operates in several locations around the world. Some jurisdictions require that the activities of the company's branches in their locations regulate by the agencies overseeing the financial markets. FXTM complies with this directive in several countries, and the brand is held as follows:
The brand operates in Cyprus and the EU as ForexTime Limited. This recourse is authorised and regulated by the Cyprus Securities and Exchange Commission under the license of the Cyprus Investment Firm (CIF).
FXTM has invested heavily in producing some of the best educational resources for traders.
There are e-books on several aspects of forex trading, webinars on forex and local seminars in countries where FXTM has a physical presence. There is also a guide for beginners in forex trading. Short training videos are available on FXTM's website. The videos are suitable for beginners as well as more experienced traders.
