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Forex Trading Tips for Investors in the Global Currency Markets
May 22, 2012 (07:05 PM EDT)


SINGAPORE, May 23, 2012 /PRNewswire/ --

Forex Trading offers various benefits from tighter fixed FX spreads to greater leverage and substantial gains from small movements in the market.

Foreign exchange (Forex, or FX) is one of the most traded financial products, providing attractive opportunities for traders, even in a volatile market. For many traders, FX trading offers an affordable gateway into the world of stocks, shares, equities and currencies.

City Index Asia now shares their top Forex trading tips with traders to help achieve more consistent trading results:

  • Research & Analysis - Before you begin to trade, familiarize with both technical and fundamental tools so you can trade more effectively.
  • Have a Plan - Consider a plan including your personal profit goals, maximum risk allowance, trading strategies and evaluation criteria. Trading on impulse can be dangerous.
  • Risk Management - City Index trading platform lets you reduce losses, lock in profits and enter the markets at predetermined levels.
  • Maintain Discipline - Experienced traders cut their losses quickly, run their profits and use their trading strategy and plan to help enforce these rules.
  • Follow the Latest News - Live markets are influenced by global, social and economic events so to get a much better position opening new trades or exiting positions; follow daily events.

Summary

Forex trading offers many benefits. The key is to research, plan, manage your risk, stay disciplined and follow the news.

Learn more about forex trading with City Index Asia today.

Trading CFD and FX on margin carries a high level of risk, that may not be suitable for some investors. Consider your investment objectives, level of experience, financial resources, risk appetite and other relevant circumstances carefully.

About City Index:

Today more and more individual traders are discovering the benefits of derivatives, and many of them are discovering them through a City Index trading platform.

As a group, we transact in excess of 1.5 million trades every month in over 50 countries worldwide. We provide access to a wide range of instruments including margined foreign exchange, CFD trading and, in the UK, financial spread betting.

We constantly look to improve the performance of our platforms and expand our range of services. The result is that our customers benefit from innovative trading tools with transparent pricing, competitive spreads, and a high standard of customer support.

SOURCE City Index Asia