Can you become a Forex Introducing Broker?

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Any individual or company that has contacts with individuals or other companies who might be interested in trading forex online, either by themselves or through a forex broker can become a forex Introducing Broker.
Below are some typical examples of companies that can become successful forex Introducing Brokers (IBs). This list is not exhaustive, so if you don't see a description of your company type or your personal background, you can check out any forex broker online.
Independent Financial Advisers
Successful Forex Traders
Banks
Insurance companies
Advertising companies
Organisers of financial seminars
Estate agents
Sales Executives with interested* client base
Any business professional with interested* clients
*How do you know if your contacts are interested in the forex markets?
If your contacts are the kind of people who satisfy all or some of the following criteria, then the chances are that they might be interested in trading forex. And this means that you can earn commissions from introducing them to a forex broker:
Previous experience in trading online
Previous experience in investing
Have disposable income to trade
(usually above USD10,000)
Are interested in alternative forms of investment
Want to trade themselves
Want professionals to trade for them
There are few prospects that offer individual or commercial entrepreneurs more benefits than those provided by becoming an introducing broker in the online foreign exchange business. These benefits are driving more and more ambitious individuals and companies to offer their customers and contacts a direct route to trading currencies online and/or investing their money in professionally managed forex accounts.
Qualified businesses and individuals across the world take advantage of the rapid growth of the forex market via an introducing broker relationship. If you want to be one of them, read the section below on why you should become an Introducing Broker.
Below, I have listed just some of the advantages of becoming an Introducing Broker for an online forex brokerage:
Introducing Brokers - Why should you become one?
Your benefits
Provide your customers and contact with access to the freedom that comes from actively trading their own money online on secure forex trading platforms.
Increase the number of investment and money-making opportunities you offer your clients and network, which in turn improves the scope and reputation of your own business and can lead to greater client retention levels.
You are paid a commission based on the trading volume of the clients you refer. For your clients, this doesn't mean that they pay more. You are remunerated exclusively by the forex broker out of his profit from your referred clients.
You can receive daily reports on the commissions you generate through the clients you refer to your forex broker. This enables you to monitor the growth of you new business online, 24 hours a day.
You can take advantage of the explosive growth in the demand for alternative investments by offering your high-net worth clients a managed forex account. By introducing clients to a managed forex account, you gain because their investments are being managed by professionals and this increases your reputation as a quality financial services provider.
It's easy to get started as an Introducing Broker. In fact, if you simply decide you want to introduce clients for a commission based on their trade volume (which is the most popular type of Introducing Broker agreement), then all you need is a relationship with a couple of forex brokers.
You can leverage the potential in your existing customer base or commercial relationships by constantly improving the level and depth of financial services you provide.
Your clients often gain better service from you (if you choose to manage your relationship with them directly. The reason for this is that most forex brokers are international and that means that they may not have the in-depth expertise or understanding of your clients specific needs as you do. This improves your service offering and assists in building client loyalty.
Your own Swiss bank account. A few forex brokers even provide Introducing Brokers with their own Swiss bank account where all commissions are paid. The advantages of having your own Swiss bank account are well known, but there are some great free guides to Swiss banking on the net.
Your clients' benefits
Your clients can trade forex whenever they choose. The forex market is the most liquid and most actively traded market in the world. This means that 24 hours a day from Sunday evening 22:00 CET until Friday evening 22:00 CET they can decide for themselves when they want to trade and when they want time off.


Your clients get free account management services to make their online forex trading even easier. All reputable forex brokers provide a complete back office (account management) system, free of charge to all clients.

Your clients can diversify their investment into online forex trading. More and more investors and traders choose to spread their risk by investing in a number of capital market products, such as stocks, forex, futures etc.


Your clients do not have to be investment wizards. Anyone can learn how to trade forex in a few hours. In fact, most forex brokers provide in-depth training in how to use their systems.

Getting started as an Introducing Broker


Make sure that the forex broker you choose to become an Introducing Broker for provides all the assistance you require to grow your new business.


The best ones in the market will provide you with the support, materials and training you need so that you can promote their online currency services to your clients and contacts in the most informed and compelling way as possible.

Fiorenzo Fontana

Forex brokers

Fiorenzo has held several senior positions in the financial services industry as a trader and analyst at UBS. Fiorenzo has built a career spanning more than 25 years in investment banking and capital markets trading. Mr. Fontana is a citizen and resident of Switzerland and a graduate of the Chiasso Business School, Switzerland.

This article is free for republishing
Source: http://www.articlealley.com/article_24292_19.html

Forex M.O.D Trading System. Real Trading Techniques For You With This M.O.D System.

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In the beginning there were the profits and the Forex M.O.D was there to witness. Reliable profits from trading the forex market are the goal and dream of all forex traders around the globe. Most of them have entered the market in order to have a reliable source of income, high enough that it will allow them to have a life away from the regular office job.

But life is sometimes more complicated than what we initially think, and forex trading is no exception. Though forex basics are far from being complicated to learn, in fact you can learn them in a relatively short time and without worrying if you need a college degree to be able to dominate the definitions and concepts of this field; once you have learned the basics you will be confronted with more subtle obstacles in your way to becoming a profitable forex trader.

Soon you will realize that you won´t only need to understand how the currency markets work but you will also need a system or strategy that will let you identify the correct currency pairs and timing to enter your trades with a high probability of these being successful and able to put some cash in your pocket.

So you need a system, a trading system that is all the reliable it can be. Here is where the Forex M.O.D System enters in this scene. First of all, you won´t become a millionaire overnight by the simple action of using it in your trading. You must be rational and be realistic on how much you will advance in building your account from your trading. All good things in life take time, but they may take an eternity if you walk in the wrong direction. So the M.O.D system can show you the north on your journey. Without the hype of some other systems, the M.O.D is among the best systems you can find and apply these days.

It will show you:

- 3 Real Rules for Successful Trading.

- How to Apply the Famous Phrase “Trade With The Trend”.

- The Only 4 Indicators You Should Use to Pin Point The Best Trades.

- Some Nature´s Laws That Apply In Forex and That You May Have Never Imagined Were There.

And some extra stuff that will really transform the way you trade and let you appreciate the real value of the Forex M.O.D system and how much good it will do to your trading.

Forex Trading can be highly profitable. You can work from anywhere and still make a very good income. You just need to know the basics and have a good trading system. If you want to start with the right foot, consider using this great Forex Trading System.

Must Know Before You Start Forex Trading

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Many people have heard about Forex trading, some have even made the effort and looked for information.
Forex trading has a lot to offer the private trader.
A successful Forex trader can earn a lot of money in a short period of time.
Before you dive into the Forex world you should be aware of the following:
1. Forex trading is a risky business , it involves high leverage and you may lose money. Because of its complexity and the fact that most traders experience losses - sometimes it is compared to gambling. However Forex trading is not gambling, as you control your level of exposure via your ability to get out whenever it suits you to minimize your risk and make your investment safer.
2. Do not start trading unless you have money that you can afford losing. The worst thing to do is to trade with “Coward Money”. When someone opens a real account and deposits money that can’t be afforded the money will probably go down the drain as a result of the psychological element that comes into play. When trading you must be detached from your emotions. If you trade with money that you can not afford to lose you add a level of anxiety to your trading and that will disrupt your thinking and planning.
3. Forex trading is a profession like any other profession and therefore you must study and know what you are doing. There is plenty of information available on the Internet or in books.
4. Trading requires discipline and an organized system especially when talking about Forex trading. Every trader must have a plan and discipline in order to survive and earn a living.
Before you start trading with real money you should study up as much as you can about trading. You may choose a fundamental or a more technical approach however keep in mind that you will have to constantly maintain your studies and develop your own system and approach towards trading.
5. Money management is very important in any kind of trading , especially in Forex trading where leverage is high. Sometimes you will have to make difficult decisions that may cost you some money in the short run but save you much more money down the road. Successful traders will often opt to cut losses and forgeit a small portion of their money instead of losing big sum of their money. There is no place for prayers , wishes or hopes in the world of professional trading - successful traders are detached from their feelings and remain impassive to the rises and falls of the market.
6. Like any other business , Forex trading requires forward planning. Before entering a trade you should analyze the market , charts and conditions. The successful trader plans trades and recognizes the precise moment of the entry, exit and stop loss points way before the trading even begins. The keys for long term success is analyzing planning, managing the trade strictly according to the plan.
Although trading is not for everyone , if you are serious in your decision to become a successful trader then it is possible. The thing that differentiates successful traders from the rest of people is their determination and desire to become successful. Successful traders never stop learning about the market and new systems.
Ziv Al has been active in stocks and Forex trading for the last few years.
If you want more excellent information about Forex you can find it in the Author site http://Forex-intro.info .

Must Know Before You Start Forex Trading

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Many people have heard about Forex trading, some have even made the effort and looked for information.
Forex trading has a lot to offer the private trader.
A successful Forex trader can earn a lot of money in a short period of time.
Before you dive into the Forex world you should be aware of the following:
1. Forex trading is a risky business , it involves high leverage and you may lose money. Because of its complexity and the fact that most traders experience losses - sometimes it is compared to gambling. However Forex trading is not gambling, as you control your level of exposure via your ability to get out whenever it suits you to minimize your risk and make your investment safer.
2. Do not start trading unless you have money that you can afford losing. The worst thing to do is to trade with “Coward Money”. When someone opens a real account and deposits money that can’t be afforded the money will probably go down the drain as a result of the psychological element that comes into play. When trading you must be detached from your emotions. If you trade with money that you can not afford to lose you add a level of anxiety to your trading and that will disrupt your thinking and planning.
3. Forex trading is a profession like any other profession and therefore you must study and know what you are doing. There is plenty of information available on the Internet or in books.
4. Trading requires discipline and an organized system especially when talking about Forex trading. Every trader must have a plan and discipline in order to survive and earn a living.
Before you start trading with real money you should study up as much as you can about trading. You may choose a fundamental or a more technical approach however keep in mind that you will have to constantly maintain your studies and develop your own system and approach towards trading.
5. Money management is very important in any kind of trading , especially in Forex trading where leverage is high. Sometimes you will have to make difficult decisions that may cost you some money in the short run but save you much more money down the road. Successful traders will often opt to cut losses and forgeit a small portion of their money instead of losing big sum of their money. There is no place for prayers , wishes or hopes in the world of professional trading - successful traders are detached from their feelings and remain impassive to the rises and falls of the market.
6. Like any other business , Forex trading requires forward planning. Before entering a trade you should analyze the market , charts and conditions. The successful trader plans trades and recognizes the precise moment of the entry, exit and stop loss points way before the trading even begins. The keys for long term success is analyzing planning, managing the trade strictly according to the plan.
Although trading is not for everyone , if you are serious in your decision to become a successful trader then it is possible. The thing that differentiates successful traders from the rest of people is their determination and desire to become successful. Successful traders never stop learning about the market and new systems.
Ziv Al has been active in stocks and Forex trading for the last few years.
If you want more excellent information about Forex you can find it in the Author site http://Forex-intro.info .

E-Currency Trading

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One of the many ways to make money online is by trading e-currency. When you consider the numerous benefits that e-currency trading has to offer, there's no wonder why people are flooding the Internet to make money, trading e-currency. Everything from having a 24-hour market to the low transaction costs makes e-currency trading so appealing. Although it does take time to build up a reasonable income from trading e-currency, the benefits are promising.

Here are 5 reasons why you should get into e-currency trading.

1. Liquidity
There are a number of benefits to making money, trading e-currency, but the outstanding liquidity within the market is one of the biggest benefits. Because of the superior liquidity, there is a more efficient price stability and better trade execution. It also makes it convenient for the traders with trades becoming easier to open and close transactions.

2. Geographical versatility
As with many ways to make money on the Internet, making money, trading e-currency is very versatile when it comes to where you can trade. As long as you have an Internet connection, you can potentially pick up your computer and do business anywhere in the world. This makes it extremely convenient if you enjoy traveling or if you just can’t get away from your business when on that family vacation.

3. 24-hour markets
As the saying goes, “the internet never sleeps.” When it comes to trading e-currency it’s the same way. There are always people trading somewhere around the world, and you can join them at any time. This allows you to create a schedule that works best for you and trade within any time zone that suits your needs.

4. Low minimum investment
Anymore, it costs an arm and a leg just to get into certain markets on the Internet. With e-currency trading, there is a low minimum investment opening the door to a much more diversified group of people. With some investments dropping as low as $250, it creates opportunities to make money without spending a lot to do so.

5. Low transaction costs
The low transaction costs are certainly something that sticks out when you are trying to make money, trading e-currency. This allows you to spend less money with fees and begin building up a positive income flow. The only major transaction cost that you will have to deal with is the spread, which is the difference between the buy and sell price of each currency pair.

While there are a number of other benefits to making money, trading e-currency, the benefits listed above certainly do justice. With time and the proper training, you too can incur the benefits of e-currency trading.

Tap the Potential of Currency Trading For Profit by William R. Alheim, Jr., CPA, MA

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The term Currency Trading which is often synonymous with Foreign Exchange Trading (FOREX) can be highly lucrative monetarily or a short term journey to financial disaster. Since you are reading this article it can only be assumed you have an interest in the topic. Before preceding any further you need to ask yourself which of the possible outcomes do you desire? From a layman's perspective, currency trading is the buying and selling of currencies with the sole purpose of profiting from the transaction. This potentially rewarding market until recently was dominated by banks, insurance companies, and other large financial institutions, but every day an increasing number of individuals are joining the market.
You don't need to be highly sophisticated to understand the basic knowledge required to begin trading. Two currencies are exchanged on the basis of the currency exchange rate currently prevailing that day and at that exact time. The currencies are always quoted in pairs, for example, EUR/USD for the Euro and the US Dollar. The exchange rate for any individual currency can vary greatly each day; much like the stock price of a company can go up and down on any day. A broad array of economic factors and events happening worldwide can produce exchange rate fluctuations. Such as; inflation, industrial production or current political and geographical proceedings are to mention but a few. Although it does not require a high degree of knowledge to begin trading the currency markets it is imperative that to become a thriving trader your comprehension of the factors that affect the market is essential.

The tremendous popularity of currency trading lies in a clear number of advantages it enjoys as compared to the stock exchanges, apart from its enormous size and volume. First, no commission for your trades are required by vast majority of the brokerage firms instead you pay the bid/ask spreads. Second, the flexibility of time is another positive aspect, in other words you are able dictate the terms as far as timing and the mode of trading is concerned. Third, foreign currency trading is suitable for small-time investors since you don't necessarily need to invest large amounts of money to begin trading. Finally, you are able focus your attention on only a few currencies and the events we mentioned above effecting the selected currencies daily trading pattern.

Trading in currencies can not only can be beneficial financially it also can become a highly intoxicating addiction. Learning to trade is a fairly simple process, where as learning to trade and being able to MAKE MONEY at it is a completely different subject all together. Fortunately, for the beginner or for an experienced trader which has not been as successful as they desire there are many exceptional Forex training courses on they market today. Some of these even offer an one-on-one mentor where you are able to watch an experience highly profitable professional trader trade in real time and you are able to make the SAME trades as he is at the SAME time he is making the trades, thus virtually insuring a productive initiation to the Foreign Exchange Markets. By investing in a Forex trading course before actively starting to trade with a real money account is an investment that should be returned to you in a very quickly and could eventually lead being the smartest investment you have ever made.

For Reviews of The Top 10 Forex Trading Courses go to http://www.tradingforexreviews.com/forextradingcoursereviews.htm



About the Author
William R. Alheim, Jr. possesses a Bachelors Degree in Marketing from Florida State University and a Masters of Accounting Degree from Florida International University. He is a Certificated Public Accountant license issued by the state of Florida. During his career he has been controller, corporate controller and CFO of various corporations. He has been an active participate in markets as both a trader and researcher in excess of twenty years.

Understand Why You Need Forex Trading Software

Do you need Forex trading software? Perhaps not, especially if you have all the time in the world, you can allocate hour upon hour to analyze the factors that can affect a single Forex trade with currency pairs, and you are satisfied with making as many as ONE trade per day, as well as not having the information readily at hand to let you know when to buy at the right time, or just as importantly, when to sell at the right time.

Without meaning to sound facetious, that is a pretty good description of what it is like for a Forex trader to attempt to assess and evaluate the truckloads of data that have an impact on a country's currency at any given point in time. Almost regardless of how good you may be at Forex trading and how well you understand the Forex market, there is just not enough hours in the day anyway to make the most effective use of your time as a serious Forex trader if you do not employ technology and Forex software to help you.

When you are evaluating which of the many Forex trading software programs available, the first piece of advice is not to choose a package that locks you in to a particular Forex broker. While the software may be good and meet all your needs, you still have a major "single point of failure" if that broker goes under or decides to close his doors for whatever reason. If the software is proprietary or locks you into that particular broker, you are hosed if that broker goes away.

One of the more obvious things to consider is the security and/or the encryption capabilities of the software. This is critically important, especially if you are using the type of Forex trading software that does the complete transaction on your behalf. You need to have this type of financial data encrypted to avoid the possibility that the transaction will be intercepted as it is transmitted to the Forex broker.

When you have chosen a program, start using it to become familiar with what it does, and just as importantly, what it does NOT do. Do not start making actual trades with it until you have learned the software well enough to understand what it is telling you or what it is advising you to do. Become familiar with the different pieces of data that it is gathering for you and understand how it is making its evaluations and recommendations.

One of the things that you need to remember is that any Forex trading software is just another tool in your Forex trading toolbox. There is no single tool in that toolbox that is going to have all the answers for you. Your job in becoming a successful Forex trader is to learn to get the inputs of all the necessary tools at your disposal and combine the information such that you can make intelligent and informed trades. That still does not mean you will never make a losing trade, since even the most successful Forex traders make an occasional losing trade, but you will learn how to minimize your losses and above all, to maximize your gains and revenue.
About The Author...

For more insights and additional information about Forex Trading Software as well as seeing a review of three of the most popular and successful Forex trading software programs available today, please visit our web site at www.forexcurrencysystems.com/review_forex_software.php

Read More From Jon Arnold

Using Forex Trading Software For Personal Profits

If you engage in Forex trading, it can be difficult to keep up with everything you need to be doing to make the best trades. You need to keep track of trends, analyze data, place, hold and sell orders, and just in general keep on top of the market for your particular currency pair or pairs. Forex trading software can help you manage these tasks with much less difficulty than you might otherwise have.

In fact, Forex trading software is pretty commonplace, and some brokers even offer a very limited version of propriety software for free when you use their systems. Most Forex trading software can give you visual breakdowns of the different kinds of data you need to keep track of, so that you can plan and strategize your trades accordingly.

Of course, you're still going to have to know about the Forex market and how the trades work in general. The Forex trading software is only as good as your particular knowledge of the Forex market itself. Therefore, make sure you learn about Forex trading and do plenty of practicing before you actually begin. If you're interested in being a Forex trader, do some research and some hands-on learning first. Sign up with a Forex broker and then get yourself a demo account. With that demo account, practice doing "fake" trades so that you learn all of the ins and outs of the Forex market before you risk any of your own money.

You'll also need to learn about two different types of analysis in order to read your charts properly. That is, you'll need to learn technical analysis and fundamental analysis. Technical analysis teaches you to read your charts for particular trends, so that you can tell how a particular currency is likely to behave based upon past behavior. Fundamental analysis teaches you to analyze a particular currency's health based upon its country's political, social and economic stability.

Once you have learned your way around the Forex market and are ready to trade, again, good Forex trading software is going to enable you to keep track of your data much more simply, so that you can visually see how things are going relatively easily. Again, this doesn't preclude the need for you to know the Forex market inside and out so that you can make the most profitable and informed trades. However, it does make the trading process much simpler because you can keep track of your data much more easily.

Once you've found a good Forex broker, set up a demo account, and have fully utilized your choice of Forex trading software in practice trades, you can begin to do real trades with these tools. Of course, remember that the first cardinal rule in Forex trading is that it is a risk and therefore, you should never trade with money you can't afford to lose. That said, though, tools such as Forex trading software can streamline the process for you and help you become a successful Forex trader, as long as you know what you're doing even without those tools.
About The Author...

For more insights and additional information about using Forex Trading Software as well as seeing a review of three of the leading Forex trading software programs, please visit our web site at www.forexcurrencysystems.com

Read More From Jon Arnold

How Anyone Can Learn Forex Trading - How To Trade Online Profitably For Beginners

Anyone can learn forex trading if they want to. If you've never considered how to trade online then you should. Why watch your pension fund climb a measly 7% in a year when you can have more than that in a single day? Find out how in this article.

The Wheels Of The Forex Market

You already have some experience of forex when you buy foreign currency for your vacation. To make money out of it, you need to be able to predict if the price is going up or not.

The great thing is that you only need to understand a little to make a lot of money. Thousands of people do this every day.

Predictable Behaviour

The forex market moves in very predictable ways. Within a very short space of time you can easily learn enough about it to be able to predict some major movements, for instance by looking at chart patterns or watching the daily forex news.

Although it helps to learn as much as you can, what really separates a consistent winner from a consistent loser is not knowledge but discipline.

Logic Over Emotion Always

If you want to learn forex trading and win consistently then you must always use your brain and not your heart or your gut.

Always have a reason to place a trade and never trade because you "have a feeling". Intuition is notoriously inaccurate and many traders have clocked up winning streaks only to lose it all on a single bad trade.

So you must always have a logical reason to trade. As you start to learn basic forex concepts you will easily be able to spot a good opportunity, have a good reason and then place a successful, cash generating trade.

Risk Management

A good reason is not enough. You may spot a pattern in a chart and have reason to believe that the price will move in a specific way but you can never be 100% certain. Even if you are 90% certain, you or I can still get it wrong 10% of the time and you need to be prepared for that.

Every good trader uses something called a "stop" for every order that they make. This is a way of telling the broker that if you get it wrong and the price moves against you then they should reverse your order after a specified backtrace e.g. if it moves against you by 15% or some other percentage.

This way, you can limit your losses to only a small amount and you can live to fight another day. Without a stop, you might have potentially lost everything!
About The Author...

Discover how anyone can easily learn to trade online profitably and get your free forex beginners report and easy forex lessons by clicking here: learn forex trading.

Read More From Jamie Hanson