Benefits of FOREX

The foreign exchange marketplace is arguably one of the most fascinating, complex and simultaneously intimidating trading environments on the planet. A decentralised, round-the-clock world of buying and selling, foreign exchange remains a somewhat opaque arena for those who have not been properly acquainted with the fine details of its workings. How-ever, those who are willing make the substantial time investment required to master its opera-tions will likely uncover many benefits.

Perhaps one of the most appealing perks of the foreign exchange marketplace is the oppor-tunity to practice and refine new strategies without any upfront financial investment. After selecting a preferred trading platform, both amateur and professional investors will gain the ability to undertake mock-trading. For those who have never traded within the foreign ex-change marketplace before, this will serve as an excellent hands-on introduction. Profes-sional investors will find such practice to be an excellent vehicle for simulating the effects of newly conceived investment strategies.In fact it is quite possible that an investor may actively trade in both a legitimate account as well as a practice account, ensuring that their real world trades are backed by extensive experience within simulators.

Investors who are savvy with technology will find the foreign exchange marketplace to be particularly stimulating due in large part to the fact that the trading platforms powering this marketplace are constantly evolving. The decentralised nature of foreign exchange has re-sulted in the growth of trading platforms in countries around the world, each of which Is ac-tively competing for the attention of investors. With this in mind it should come as no surprise that platform developers are constantly seeking to gain an edge over their competitors. Such competition can only serve to benefit investors. Instead of being forced to navigate ageing platforms commonly found in the equities and stock markets, foreign exchange investors will enjoy an intuitive and engaging experience powered by cutting-edge software.

For those with an appetite for risk, foreign exchange offers many benefits, namely an exten-sive leveraging system by which large amounts of investment capital can be accessed with relatively small initial deposits. It is quite common for investors to trade well over four hun-dred times the amount of capital they currently have available. While such a system obvi-ously comes with its fair share of risks, the rewards cannot be ignored. Far from an anomaly, leverage of this nature is a commonly observed phenomenon within the foreign exchange marketplace.

As stated previously, there exists fierce competition amongst platform developers seeking to attract new clients. Because of this, a growing number of loyalty programs now exist which provide financial rewards for investors who make repeated trades on a single platform. This is likely to be a refreshing change of pace from traditional online stock platforms, where hefty charges are levied against every trade. In fact, there now exist loyalty programs within the forex environment where investors are compensated for each trade they make.

Last, but certainly not least, among benefits found within the foreign exchange marketplace are the numerous opportunities for free education and consulting services offered by today’s leading forex platforms. In an effort to dispel notions that forex is a cryptic and undeciphera-ble world, trading platforms are working diligently to help new investors master the basics of trading as quickly as possible. In recent years, transparency and engagement have become core principles of operation.

As you can see, there are no shortage of benefits available to those seeking admittance into the exciting world of foreign exchange. Now is the time to begin your own personal journey into a fascinating niche of today’s financial services industry. Good luck, and happy invest-ing!

Risks and Benefits of Foreign Exchange

The foreign exchange markets remain some of the most cryptic and complex arenas for many investors. In fact, a substantial number of investors choose simply to avoid the foreign exchange markets entirely in an effort to stave off what they believe will be significant finan-cial loss due to complex, somewhat dubious trading schemes. That being said, there are nu-merous rewards available to those who do take the time to properly understand how this fas-cinating marketplace functions! What that in mind, we’ve created this brief guide of the risks and benefits of foreign exchange trading for those who are ready to learn more about this often misunderstood industry.

Risks and Rewards

Given the relatively small pricing fluctuations taking place in currency pairs at any given time, it is quite difficult to reap large profits without a substantive initial investment. Because of this, many trading platforms allow users to leverage their positions with significant amounts of ‘borrowed’ capital. With big investments come big rewards and, in arena such as foreign ex-change, big losses. Such extensive leverage paves the way for large financial losses for those who are unable to convert this borrowing into a profit.

The fact that the marketplaces remains open for 24 hours a day most days of the week also poses significant risks and rewards for those involved in trading. One on hand, the opportunity to develop intricate and sophisticated trading strategies reinforced by signals, algorithms, etc., can provide ‘non-stop’ opportunities for fiscal gain. However, without properly implementing protective stop-loss procedures, it is also possible that investors may suffer catastrophic losses while they sleep. With this in mind, it is plain to see how the accessibility of this marketplace is also one of its most dangerous characteristics.

Playing It Safe

Fortunately, a number of trading simulators and forex software packages are currently avail-able which allow investors to practice and refine their strategies while using simulate currency. These tools are ideal for new investors seeking to ‘learn the ropes’ of the marketplace and established veterans who are crafting and fine tuning strategies for future use. As a general rule, foreign exchange investors, particularly new arrivals to the arena, should think critically about their aims and objectives before initiating trading in forex software packages in order to ensure that they are adequately prepared for what is to come.

Why Use Forex Trading Software?

Even if you are only casually interested in the world of foreign exchange trading, you’ve probably noticed that this particular branch of the financial marketplace relies heavily upon various software platforms in order to keep traders connected to the forex exchanges. The decentralised nature of the forex marketplace has transformed it into a unique environment in which investors and traders can access forex exchanges on an almost 24 hour basis. With that in mind, it could be argued that forex trading software acts as a powerful administrative and strategic resource for those who are active here.

Perhaps one of the most significant advantages of forex trading software is the ability for in-vestors to both view historical trends and simulate the effects of new investment strategies on current marketplace activity. The scope and complexity of the foreign exchange market-place has often made it seem inaccessible or threatening for those seeking to break in. Using forex software, many of these hurdles can be overcome quickly and allow novice traders to explore what the marketplace has to offer.

Forex trading software is also an excellent defence against unexpected volatility which may occur during the off hours when investors are either sleeping or away from their computers. Using a series of automated protocols, investors can develop their own pre-programmed ‘re-actions’ to any number of market conditions. Were these conditions to be fulfilled during ‘off-hours’, the software could act on its own to engage the strategies set forth by the investor. For some, these automated processes act as a form of much-needed insurance in a market-place which has gained much notoriety for its dynamic shifts.

For some, the benefits of forex trading software lie in the “non-human” nature of its process-es. Like it or not, our emotions continually serve as a triggers, compelling us to make deci-sions or (in this case) engage in trades which may or may not actually serve the best inter-ests of our agendas. Yet another benefit of these automated trading processes is that they can effectively limit human participation to a certain extent and act as an impartial executor of the trader’s intent. While intuition and instinct obviously have their place in financial trading, the automated systems provided by many forex trading platforms allows those who may have difficulty separating their emotions from a trade to keep a healthy distance from their earlier strategic decision making.

Perhaps a final benefit of foreign exchange trading software which should be mentioned is the fact that these tools are offered at a variety of price points, allowing individuals from across a broad array of experiences and professions to get involved if they so choose. For example, students wishing to learn more about the marketplaces can use some of the less expensive trading platforms and explore the market simulators provided within them. Like-wise, trading professionals can invest in much more expensive packages and reap the benefits of extensive automation and research tools to help maximise their continued success. Regardless of where you may be at in your knowledge of or interest in the foreign exchange marketplace, it will definitely be worth your time to download a trial version of any of the leading software packages available today. These tools will help alleviate much of the initial con-fusion that traders feel when entering the foreign exchange arena for the first time. Trading software has helped to bring an increasing number of traders into the foreign exchange mar-ketplace, and for good reason. Using these tools, it is entirely possible for novice traders to gain deep insight into the marketplace and for experienced traders to maintain their professional careers.

How to know the reliability of the money transfer company

Money transfer is easily one of the most important and critical services for individuals working around the world. Particularly in situations where individuals are employed in a different country then their official residence, money transfer often provides a much needed ‘lifeline’ by which family members can receive critical financial resources. With demand often comes supply, and in situations of immense demand, it is not uncommon for more dubious service providers to become involved in order to reap a quick profit. The money transfer industry is not immune from these issues of credibility.

How can you properly determine whether or not you should trust a currency exchange company? This is a question that individuals all over the world have to ask themselves on a near daily basis. Perhaps surprisingly, one of the elements of a business’s “trustworthiness” which is easiest for consumers to evaluate is its reputation. Online review sites are widely available, and typically provide customers with an honest, comprehensive overview of a business as viewed by its customers.

Other parameters can also directly influence how you perceive the reliability of a money transfer company as well. These are not directly related to customer sentiment, but instead, are linked to the fine details of the operation aspects of a business. One of the most important examples is exchange rates. Although the buy/sell price for currencies fluctuates noticeably throughout the business day, customers should always do their research before entering into a transaction with a business in order to ensure that they are not losing out on funds due to manipulative exchange rates.

Yet another similar aspect of a money transfer company that should be thoroughly explored before doing business is transaction costs. One of the most common ‘tricks’ that currency exchange services play on their customers is offering highly competitive exchange rates which, unfortunately, are paired with staggeringly high transaction fees. Although customers think they are receiving a good deal, these costs dramatically eat into the sums they receive.

As a general rule, customers should always try to find as much information as is available about a money transfer business. No detail is unimportant. Whether it’s the number of years a money transfer has been in existence or the number of currencies they currently offer, this information may influence your final decision on whether or not they can be trusted. Whatever decision you make, it’s always best when that decision is informed!

Send money in-app while chatting with friends

It seems that the world’s leading technology providers are locked into an intense race-to-finish to see which can become the most popular money transfer service. What began as an enterprise largely dominated by PayPal, online money transfer software is now a volatile and competitive field, made even more cutthroat following Facebook’s full implementation of in-app, in-chat money transfer bots.

The new Facebook Messenger bot launched by TransferWise allows individuals to quickly transfer money to friends and family in the UK, US, Canada, Australia and Europe without leaving the messenger app. As could probably be expected, this technology is proving to be immensely popular among social media users who are seeking a more vertically integrated approach to their online experience.

Although the TransferWise bot is currently only available in a select number of countries, representatives from the company have explained that this initial roll-out is only one step in a larger plan which will see the technology implemented in over 50 countries worldwide. At this stage, it seems not outside the realm of possibility that the TransferWise bot will give more established competitors a serious “run for their money”.

In terms of operational details, the TransferWise bot operates by asking users a series of short questions which determine how much money is being sent, who it is being sent to, and where the money will come from. At this point, the bot takes over and completes the transaction for the client. With largely industry-standard exchange rates and fees, the TransferWise bot delivers exceptional performance and results without forcing customers to pay an annoying premium for them.

For those who are interested in learning more about this powerful money transfer software or other products like it, a simple internet search will likely yield a handful of viable options. More than anything, customers should be diligent in order to ensure that whatever service they choose does not charge them excessively for transactions. Performance and affordability should always go hand-in-hand.

Your cheapest option for money transfer

Online money transfer has quickly become one of the most important aspects of the digital economy today. For individuals around the world, money transfer provides a quick and effi-cient way of routing financial resources to families and friends in foreign countries. Particular-ly in situations where someone may be working in a different country than their current resi-dence, money transfer helps ensure that these critical financial lifelines are preserved.

Given the extremely high demand for online money transfer today, a myriad of businesses have entered this arena, making it one of the more competitive industries and over-saturated marketplaces in existence. As a customer, finding the perfect money transfer service can be difficult, particularly if you do not know which specific parameters of the industry you should be researching and comparing. With that in mind, we hope that this brief guide will provide valuable insight into the world of money transfer and help ensure that you have the best ex-perience possible.

Perhaps the most conventional form of online money transfer available today is the bank transfer. If you have an established account with any larger banking institution, the chances are good that you will have access to a variety of online money transfer tools. That being said, do not expect these transfers to be offered at no charge. It is quite common for banks to charge between £5-15 per transfer. As you can see, these expenses will add up very quick-ly, particularly if you are expecting to complete transfers on a frequent basis.

For those seeking an alternative to online bank transfers, services such as TransferWise may be the ideal solution. Studies have shown that TransferWise typically provides a highly competi-tive exchange rate on major currencies, particularly in scenarios where larger sums are being transferred. Although customers transferring less than £400 may be forced to pay slightly high-er transfer fees, the widespread popularity of this service is a testament to its unwavering com-mitment to performance and affordability.

CurrencyFair is yet another option that may customers around the world have chosen to use. Although the base exchange rates for CurrencyFair are typically less competitive than Trans-ferWise, they also offer reduced transaction fees, helping to reduce the overall cost of the ser-vice. It is always important to remember that exchange fees and transfer fees figure prominently into the final cost of a transfer. Ignoring one of these parameters could lead to unpleasant sur-prises over time.

If you are still in doubt as to which service may be the best for your needs, we highly recom-mend that you take the time to survey customer reviews and industry insights into these prod-ucts. There is no shortage of reviews regarding the latest money transfer services. This infor-mation can prove to be invaluable for customers who may be entering this world for the first time and do not have the prior knowledge they need to evaluate the merits of a service based on more technical details. If , for example, a money transfer service has repeatedly failed to deliver funds in a timely manner or at the agreed-upon-rate, this information will likely be available. Reviewers are typically more than willing to divulge both the best and worst experiences they have had with money transfer services. This can only work to the benefit of future customers such as yourself.

If you have any additional questions about money transfer services, we would encourage you to speak directly to representatives from the service provider you are researching. A simple phone call could reveal a variety of insights that could help facilitate a smoother decision making pro-cess. Good luck!

Moving Currency Can Affect Your Investments

With the triggering of Article 50, following the Brexit referendum, the pound fell in value and is going to have many ups and downs, in the near future. A weak pound hits everyone hard, especially if they want to travel, or do business, outside of the UK. The imported goods in the stores are seeing higher prices for consumers in the UK, making their sterling stretched to maintain their lifestyle.

Of course, the weakening of the pound is going to affect purchases as well as travel plans. That might be good news for some businesses in the UK, as they see more people staying home for their vacations and, perhaps, buying locally-sourced goods in the shops.

Shopping and travelling outside of the UK, with the weakened pound, impacts people immediately. It is something that is noticed right away. When it comes to investments, people should also be aware of where their money is. Many investments have currency exposure in other countries and the movement of that currency can cost one a lot of money if they are not proactive in their investments.

Companies and people who have businesses with overseas operations can benefit when converting or moving earnings back to the UK. They will most likely see an increase in profits due to the conversion rate. However, investments that are solely in the UK will see their importing costs, along with fuel and other commodities, rise.

There are mixed views regarding the outlook for the pound and it is best to have a diversified portfolio for your investments. A diverse portfolio can spread your money across a variety of investments and goegraphies. This will help to achieve the best balance between return and risk. Reviewing your investments regularly is a good practice to have, if you do not already do so.

Finding a fund manager is a good idea if you do not have the time to research or manage your investments. A strategy called ‘hedging’ is seen in some funds and it helps to reduce the impact of currency movements. This strategy is usually best left to the professionals.

Yes, turbulent times are upon us and many of our investments are going to be influenced by Brexit and elections in France and Germany, among other things. Hedge your investments, talk to professionals and do some research. It will pay off in the end.

Strategies for Currency Hedging

The world we live in is a turbulent one. Currency is affected by shifts in government and changes within countries such as the UK and Brexit. In turbulent times, which are fairly frequent, companies have access to many ways to maintain their success. One essential part of this is strategies for currency hedging. In order to protect profit margins, there is a skillset needed that requires analysis, proper implementation and market research.

Companies need to have a good understanding of the risks. Being exposed to risks through transactions, economics and translational, means that understanding these risks is the first stage in creating and establishing a made to order currency risk management strategy. For instance, if you have recurring monthly flows, such as payroll, it is wise to be proactive and work with a currency strategist to ensure the timing of your transfers are in line with the best exchange rates you can get.

Work with a currency expert or company you trust. In this way, you can be assured that you understand your risks and the impacts on your bottom line. Making a plan with all of the key stakeholders ensures that everyone has input and everyone understands moving forward.

Automating your currency purchasing is a first good step in any strategy. Work with a reputable company, implement your strategy and be reactive to the small and large turbulence you’re going to encounter. Reviewing your strategic plan, quarterly or semi-annually, will ensure that you are on the right track, and are staying on that track.

The growth in FinTech platforms allows you to automate most of your currency exchange program and keep control of your profitability. Linking yourself with such a platform gives you immediate control and success, using experts in the field to help guide you and keep you on the right path.

The world we live in is a turbulent one, ever changing with ups and downs in the currency exchange market. Finding a company that can help you stay the course with the least amount of harm to your bottom line is the key to success.

Online remittance saves 3%

Money remittance is, by any standard of measure, one of the most important elements of today’s globalised economy. The ability for individuals to quickly and easily transfer money to all corners of the globe has allowed countless men and women to pursue lucrative professional opportunities far from their home country while still allowing them to support any family members who may have been unable to accompany them on their journey.

In the earliest days of remittance, the convenience of quickly sending money abroad came at a price. Customers were often forced to pay exorbitant service fees in order to utilise remittance, which often dramatically cut into the amount of funds they were able to send abroad. Because of this, remittance was often undertaken sparingly so as to maximise the sum total being sent abroad. In today’s climate of innovation and disruptive technology, however, new development in remittance technology are helping customers save valuable funds by dramatically lowering the service fees attached to the transaction. In many cases, those utilising online remittance software are able to save up to 3% over traditional remittance services.

The advantages of online remittance and online money transfer are not only confined to cost savings. Given the fact that a large number of online remittance providers allow customers to transfer funds from their personal computers, these systems virtually eliminate the lengthy process of travelling to a bank, requesting funds, and then delivering these funds to a remittance provider. For many busy individuals, the old expression “time is money” has yet to fall out of fashion. Online remittance helps ensure that these transfers can occur without compromising the daily “to-do” list.

One of the most common questions regarding online money transfer and online remittance involves security. Is money safe when it is being transmitted online to a foreign bank account? Although security systems vary considerably between service providers, the largest remittance services are equipped with state-of-the-art protections in order to ensure that funds are not wrongfully obtained by cyber criminals.

As you can see, online remittance is a popular and import service for workers around the world! For those who have yet to explore the world of online remittance and the various services currently available, there truly has never been a better time! We hope you have a convenient and positive experience with whichever remittance service you choose!

How remittance affects a country’s economy

For anyone who follows global business, it should come as no surprise that the volume and frequency of international remittance in the past few years has grown tremendously. This is, of course, due in large part to the ever-increasing population of foreign born workers in countries around the world who are sending portions of their wages back to friends and family in their location of origin. The act of remittance, when analysed from a variety of perspectives, has proven itself to be immensely beneficial in a variety of ways.

For developing nations, remittance has proven itself to be a crucial lifeline through which foreign currency is routinely injected into their domestic economy. This, of course, often leads to substantive gains in overall economic health and an increased in speed of modernisation and other development projects occurring within the economic sphere. To put this in perspective, studies undertaken in 2014 revealed that nearly US $435 billion were being transferred as part of remittances on an annual basis. This number is likely to have grown significantly since then!

That being said, if a country is receiving a large amount of remittance income, it is quite likely that certain other indicators are becoming increasingly valid, such as a decline in the domestic manufacturing sector and thus, a dip in GDP and per capita income. While remittance may help slow this process, it is important to remember that remittance only cannot sustain an economy. If a country reaches a point where remittances have become a critical component of economic health, this is a sure sign that other domestic factors are in dire need of assistance.

Frequent use of remittance is also a sign that a country’s less wealthy population has become marginalised by their domestic banking system. Given the fact that remittances can occur without the use of a bank, many receivers are opting for third-party providers in order to avoid the lofty fees imposed by larger institutions. If such actions are occurring, it is most likely a sign that money transfer software in domestic banks is considered out-of-reach for many citizens.

Regardless of the positive or negative aspects of money transfer, it seems quite reasonable to assume that these services will become increasingly important over the foreseeable future! With that in mind, learning all there is to know about money transfer will quite likely pay large dividends for those who are preparing for a more globalised future economy.

Category: Money transfer