The Best has Gotten Better- Cristiano Ronaldo is the official sponsor of XTrade. This partnership signifies an opportunity to support one of the world’s most famous athletes while promoting an innovative online CFD trading provider. Learn what Forex is and how easy it is to trade and make profits in the financial market. Forex trading involves two currencies. The first currency is purchased while the second is sold. Take for instance, if you bought a EUR/USD currency pair, this means you would be buying euros and selling dollars. If you sold this pair you would be selling euros and buying dollars. As more traders buy the EUR/USD pair the value of the euro strengthens relative to the dollar and the exchange rates increase. Similarly when more traders sell the EUR/USD the value of the euro weakens relative to the dollar and the exchange rate decreases.
Score Like Cristiano Ronaldo, Use Leverage at XTrade
Leverage is one of the most attractive benefits of Forex and CFDs trading, and it is crucial that you know exactly how it works and how to use it. Investors are required to provide just a small portion of the entire capital, but will receive winnings according to the entire investment, not just the portion the individual investor invested. XTrade as well as other platforms such as Plus 500 and iForex allow their customers to trade with only a small percentage of the position value in their accounts, so that traders do not have to invest tens of thousands of dollars for the chance to make any real profit. For example, if you trade at a leverage of 400:1, this means that for every $1 that you invest in the market, the broker effectively invests $400 for you. As a result, by investing $500 you can control trades worth up to $200,000. Wow, here’s a chance to score like Cristiano Ronaldo!
Trade with a Regulated Broker Like XTrade
Start your trading career with a regulated broker like XTrade, Plus 500, and others. There are many excellent reasons to start trading forex. Here are just a few: Accessibility – All you need to participate in the financial market is a computer or mobile device with an internet connection.
24 hour Market – The Forex market is open 24 hours a day, 24 hours to make a profit.
Liquidity – The foreign exchange market is the largest financial market in the world with a daily turnover of just over $4 trillion. The enormous volume of daily trades makes it the most liquid market in the world, which basically means that under normal market conditions you will always have business. Even international banks do not have enough power to solely control the market for a long period of time, which makes it a great place for everyday people to invest and profit.
Develop a Winning Strategy Like Ronaldo and XTrade
The partnership signifies an opportunity to support one of the world’s most exciting talents while promoting a leading and innovative online CFD trading product service. Forex trading can be a risky business. Educating yourself will help develop a winning strategy like that of this spectacular joint venture of Cristiano Ronaldo and XTrade. Forex orders will help to manage risks and maximize profits. Popular orders include: stop, trailing and entry stop. The stop order is designed to limit risk on an existing position. It will terminate the position at a set price (you choose) if the position moves against you. A trailing stop also limits the risk on an existing position. It is placed at a fixed distance, in pips, from the current market and monitors the market as it moves in your favour. The entry stop is an order designed to open a new position, but only if the market begins to move in the direction that you anticipate.