Learn to trade forex philippines

Now available in the Philippines, get access to the Learn to Trade Forex seminar designed to help novice traders discover their financial freedom.
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The possibility exists that you could sustain a loss in excess of your initial investment.

You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. Skip links Skip to primary navigation Skip to content Skip to footer support forextradingph. Welcome to Forex Trading Philippines.

Your One stop shop to get started in your forex trading journey! Trade on the Go Anywhere, Anytime. Looking to get started in Forex Trading? You've come to the right place. Join our Free Forex Trading Seminar and learn how to trade the world's largest financial market!

Forex The foreign exchange market is a global decentralized market for buying,selling and exchanging currencies. Commodities Trade commodities markets including oil, gold and silver against multiple currencies. Indices Profit from both rising and falling markets, trading CFDs on indices following portfolios on international exchanges. Register for free worshop today! Jane Smith Repairing Manager. John Smith Software Engineer. John Doe Software Developer. Recent Posts 8 Mar. Register For Free Workshop.

By: Moneymax. Published on: October 2, Last updated: October 15, Category: Personal Finance. Welcome to the biggest financial market in the world, the foreign exchange market or forex.

Forex trading in the country may not be that big yet but it is starting to gain attention to what with the many forex trading platforms available today. Keep on reading to know more about forex trading in the Philippines and why it can be a worthwhile venture. Forex or foreign exchange trading is the act of buying and selling currencies. Buyers and sellers transfer currency between one another at an agreed price. Like any other kind of investment, the goal in forex trading is to make a profit.

When you trade forex, you are betting one currency to increase its value and the other to decrease. This is how you make money in this market. Forex trading occurs between two parties, usually in an over-the-counter OTC market. A network of banks across major forex trading centers in various time zones run the forex market.

From a small site to a segment leader in seven years

Since there is no definite central forex market location, trading forex can be done 24 hours a day. There are three different types of forex markets you have to know before you actually start with forex trading Philippines. In this market, a contract is agreed upon when buying or selling a set amount of currency at a specific price.

The transaction is then done at a specific date or a range of future dates. A contract is set between buyers and sellers to buy or sell a specific amount of a currency at a specific price and date in the future. Unlike forward forex, contracts in this market are legally binding. Forex trading has multiple benefits that make it a good investment instrument.

Free Forex Seminar for New Traders

However, as with anything, it is bound to have its shortcomings. As with the stock market, forex trading is open to everyone, but it is not for everyone. Forex allows you to dip your toes into foreign markets.

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By investing in other currencies, you minimize your risk by using foreign currencies to hedge against local economic downturns. Markets follow up-and-down cycles. When the Philippine economy is down, expect other global economies to be up, and vice versa. Investing in other currencies allows you to weather local market downturns.

With the looming interest hike from the Federal Reserve and the stronger US dollar, the Philippine peso is taking a hit — although according to London-based think tank Capital Economics Ltd. Take these factors into consideration before going into forex. Leverage is borrowed capital where you take on debt for an opportunity to reap big wins on your trades. The amount of leverage provided can be , , or even With leverage, when you win, you can win big, but take note that it also works the other way around, and you can lose a great amount of money.

Unlike the stock market where buy and sell orders can only be made during market hours AM to PM , the forex market is open 24 hours a day, 5. This allows individuals who have no time to trade during office hours the opportunity to do so after work.

Also, since you are trading foreign currencies, and thus trading in a global market, you can use the time of day or night to your advantage. You are your own broker when you participate in the forex market. Most trading platforms do not charge commissions, but for some, they are fixed. Forex trading platforms have automated strategies that allow you to minimize risk without looking at your screen.

These built-in strategies are the stop loss and take profit orders. A stop loss order is the limit the trader puts to minimize losses. You can liken this situation to an auction. Once your trade reaches the specific amount in your stop loss order, your money will be automatically traded to its original currency to minimize losses. The take profit order is the specific amount you want to realize in a profit. It works in a similar fashion with stop loss. You can start with any amount you like, even as little as PHP 5, An order form will pop up. You will see several technical terms in the order form.

To come up with strategic trade and to avoid losses, here is a simple explanation for each. This is the unit used in a currency quote. Pip is the smallest value by which a quote can change [2]. Stop order is the order used to set the minimum and maximum price to buy and sell. It is the limit you set to minimize your losses whenever you buy a currency. Once the currency reaches the amount in your stop order, your order will be processed.