Making a choice of broker for conducting trade is an important step, and thus it is necessary to ensure that a well-thought decision is taken.
The forex broker selected for conducting trade should belong to a recognizable and reputable market background and should also possess servers that exhibit high stability. The selected broker should also possess regulation in at least one or two countries. A reputable broker will ensure that the investments made by the businessman are safe and will also ensure smooth trading. You can choose one of the reputable and reliable brokers from recommended forex brokers supported for Forex Sri Lanka Trading.
For Forex Trading Beginners it is important for them to be aware of the basic terms that are used while conducting a trade especially when someone chooses to start the Forex Trading from home.
$ Margin Required = Current Market Quote*Volume/Leverage
MT4 / ctrader trading terminals indicates the value of free or available margin.
In cases where the interest rate of the currency bought by the trader is higher than the interest rate of the currency sold by the trader then the trader is subjected to earn interest or rollover (also referred to as the positive role).
In cases where the interest rate of the currency bought by the trader is lower than the interest rate of the currency sold by the trader then the trader is subjected to pay a rollover (also referred to as negative role).
The rollover/swaps have been found to add to the cost or profit of the trade. The size of the position tends to increase or decrease on the basis of the increase/decrease in the size of the rollover amount.
Forex trading is not easy So one can learn forex trading and its fundamentals by referring Forex complete Guides like our Forex School or similer guides. You should be regularly checking Forex currency charts, news and should constantly be in touch with reading them inorder to gain a detailed and complete understanding of the forex trading. Also be aware of the basic terminologies that are used in forex trading ( No need to remember them but just get an idea about what each stands for ! ). Also read about famous successful forex traders to learn more about how they traded and became profitable ! Also
A large amount of money is not required for starting off with the currency trading because of the margin trading feature offered by the brokers. There is a minimal requirement in the beginning for setting up the account over the broker platform, or one can even opt for the no-deposit bonus to start off with the forex trading ( If you are looking for a broker that offers free bonus. You can try Tickmill . They offer USD 30 after your first deposit. ). However, it is advised to start off with a deposit of a higher amount in order to ensure a little bit of buffer in case the trader or the investor suffers from losses or your trade goes against the direction predicted by you.
Making the choice of a broker is one of the most important tasks for trading online. They help the traders in getting access to the forex market and trade by making online platforms available to them. It is important for the traders to choose the right broker for themselves in order to achieve their financial goals. Before selecting a particular broker, the traders should carry out a comparative study between the different brokers and their feature in order to get the best one for themselves. Some of the factors that should be kept in mind while choosing the broker are regulation, license, currency types offered, demo account offered or not and payment methods offered by the broker.
After the broker has been selected continue the trade with opening a demo account on the broker’s platform. This account is provided to the trade for a specific duration of time. By opening a demo account, the trader gains knowledge and experience of using the trading platform provided by the broker and can also practice trading so that he/she can get prepared for trading on the real platform. The trades done through the demo account does not involve the usage of real money so it is not having any risk like real account.
Extensive training is required for gaining expertise in forex trading. Through practice one gains an idea about when to buy or place a sell. It is important to practice on demo account platform for a few weeks or months until you are profitable so that the chances of incurring losses by the trader alleviates. Also, practicing on demo account helps the traders in developing their own trading strategies.
After practicing in the demo account platform, it's time to start trading with the real money. The trader should be able to get a live account by depositing a specific amount of money in the account as recommended by the broker.
There are some strategies that might give you tremendous results while others may not. However, the basic fundamental principle of making profits is to repeat that strategies that help in making profits and avoiding the strategies which don't. Patience and good Forex money management techniques are important to minimize losses and maximize profits.
You can do Forex at home online or as an online part time job in Sri Lanka.It carries potential high profits but you have to understand that it carries equally high risk. So forex trading is suitable only for those who can understand the risk factor involved in it.
So trade with patience to be successful like famous forex brokers !
Prathilaba October 25th, 2018
Posted In: blog
Forex has been long time assumed to be the "High Reward High Risk" scheme, which draws on the interests of many. To begin with the Forex Training it is essential to understand the potential of this particular sector that is equally outweighed by its risks.
Forex is the short form of Foreign Exchange, and to be more clear it deals with currency trading. Majorly for commerce and tourism, there is a need to change the currency of one country to its equivalent value of the currency in another country. With globalization considered as the best step towards a perfect industrial world, businesses across the world require Forex.
Commercial initiatives and businesses that work in foreign countries are under a constant risk of the fluctuations in the value of the currency. When they sell or buy services or goods in other countries, they aim to prevent losses at least, if not gain huge profits. Therefore the foreign exchange markets have a regularized way to provide a hedge against these risks by fixing a particular rate at which the transaction would be concluded by the end of a certain period. In order to comprehend these risks completely, we need to understand the concepts of decentralized markets and centralized markets.
This is often referred to as Forex Volatility. It tells about the level of uncertainty or the risk involved with changes that could be possibly involved with currency exchange rates. A higher volatility denotes how an exchange rate can be spread over a large number of values. Therefore, this risk of high volatility is one of the major things to be considered when you want to invest in Forex services.
As the risks involved with forex trade is equally perplexing as the potential for gain, it is essential to find a regulated licensed forex broker. Many forex solutions companies exist in the market today, who have gained trust through the years of service. It is recommended to go for a reputable Forex broker like IC Markets, Tickmill, IQ Option, Roboforex or Pepperstone. You can learn about each of these brokers by referring to Regulated Forex Brokers in Sri Lanka article in both English and Sinhala.
Nowadays banks are taking up the forex trading expertise to ease out the process for their clients. The interbank market is a network of various banks around the globe that have commerce and currency exchange among themselves, in various countries. The banks need to work on the sovereign risks and credit risks by themselves, through deep processes of internal auditing. This is needed to keep themselves and their clients safe from losses as much as possible.
Forex acts as an entity to circulate the various currencies with the equivalent value from and to different countries.
With most of the forex beginners opting for Forex Trading Software, most of them are available for free.
Some of the beginners resort to FX bots too. These are nothing but Expert Advisors aka EAs. Though it is designed to be helpful throughout, it is often not very reliable when the market changes and they are hardly on the high-profit side. If you are good with the code it works on, you can change it according to the market trends. But this is even more difficult while you are just a beginner.
If you still believe in rising huge profits with EAs, then the best would be MTA 4 / MT5 .
If you want to go by the news updates, the stock updates you see on CNN and Bloomberg are already the discounted prices with the inception of volatility. As the news is out, the Spreads grow, with a high number of re-quotes and slipping stop-losses. So keeping in mind that you a beginner, it is recommended to stay away from new trading until you become a professional in that mode.
cTrader is yet another trading platform similar to MT4 ( Meta Trader 4 ), with more features as it is new to the market. With a better user interface and advanced codes to take stop loss and profit systems, varying chart time frames, cTrader is a good retail trading platformyou can resort to as a beginner.
Based on the market convention, it is the smallest price move that a particular exchange rate results in.
eg : If GBP/USD jumps from 1.3360 to 1.3361, the .0001 USD is considered as 1 pip.
Upto 4th decimal place is considered in most currency pairs. Upto two decimal places considered in Jap Yen pairs.
In literal means, Leverage indicates the control over big things using something small. On the similar tone, Leverage in Forex terms means to control huge transaction in the market with just a small amount in your capital. It involves a great amount of talent and knowledge in Forex domain to take much out on the leverage part of it ( Higher the leverage, higher the risk and higher the profits ! ).
eg : 100:1 leverage means you can control upto $100 with just $1 while 500:1 leverage means you can control $500 with $1
It denotes the brokerage costs and the equivalent replacement in transaction fees. So basically this is the difference between Buy and Sell price denoted in pips. ( In Meta Trader 4 / 5 you can enable the spread column to get the values easily while in ctrader, it will be shown with currency pairs )
The investor takes a loan ( not exactly but will refer to it as loan to get the idea correctly ) from the broker on a short-term basis. This loan is equivalent to the amount of leverage taken by the investor. Before a trade can be placed, it is essential for the investor to deposit the money in the margin account. The Forex margin account is on the equivalent level of an equities margin account.
When an order is implemented, a slippage occurs if there is no limit order. Otherwise, a slippage can occur when there is less favorable rate than that which has been set initially. Slippage is widely linked with High Volatility.
If you are involved in forex trading, the analysis is the major key to success. Looking into daily, weekly, and monthly charts is essential for both short term and long term trading.
The technical analysis revolves around trend lines, support and resistance lines and eventually the indicators based on these.
The fundamental analysis is needed to understand the impact of news and commerce trends of each country on the Global forex system.
Though many believe to invest in the major currencies like the Dollar or the Euro, it is often suggested to go for more of what you see rather than what you believe. It is essential to invest in the currencies that you can significantly see a profit coming in rather than the ones you believe would yield profits later. This is mainly because the market is quite unpredictable and most often assumptions lead to disastrous losses.
So always be up to date with the current trends in the market analysis and align your investments and forex trading accordingly.
Before you jump into the deep pool of the Forex market, it is essential to have a good exposure to the requirements in a viable trading plan. Do read about the Forex Money Management Techniques before you decide on the investments wisely.
When it comes to investments, be it short term or long term, patience is what yields you the money. The longer you wait for the market to change, the larger the income. Again it could be risky, as it is FOREX - the huge trend among most people in any country.
As Forex is completely unpredictable, to get off to a good profit start in this domain, we would like to suggest you use a demo account in one of the online trading platforms, without any investment so as to learn the way the market analysis works. Once you make some good improvements, it is better to begin the journey of Forex ventures through a small investment as low as $1 ~ $200. This keeps you confident enough as you learn along, preventing huge losses and yet good incomes.
You can refer useful Forex Trading articles section to learn about Forex in English and Sinhala in Sri Lanka.
Prathilaba July 21st, 2018
Tags: forex, forex brokers, forex in sri lanka, forex lanka, Forex Trading, Forex Trading for beginners, Forex Trading for beginners in Sri Lanka, Forex trading in English, Forex Trading in Sinhala, Forex Trading Platforms, Forex Trading Risks, Forex Trading terms, Forex Trading Tutorials in Sinhala, Forex Trading Tutorials in Sri Lanka, Fundamental Analysis, IC Markets, iq option, lanka forex, Leverage, Margin, market analysis, money management, Money Management techniques, pepperstone, Pip, Slippage, Spread, technical analysis, TickMill, trade with the trend, What is forex trading, Where to trade forex
You can see the most reliable, trusted and regulated brokers that are recommended for Forex Trading in this list. We will include more non dealing desk Forex Brokers and dealing desk Forex brokers in future when we come across regulated, trusted and suitable forex brokers for better trading experience.
Forex Trading කරන්න සහ Forex Trading කරමින් ඉන්න සමහර අයට තියෙන ලොකු ගැටලුවක්නේ කොහොමද හොද බ්රෝකර් කෙනෙක් හොයාගන්නේ කියලා. මුලිකම දේ තමයි ඔබ තෝරාගන්න ඕන නියාමනය වෙන Non-dealing-desk හෝ Dealing Desk බ්රෝකර් කෙනෙක්. ඒවගේම ctrader වගේ trading platform එකක් ලබාදෙන ආයතනයකට යන්න පුළුවන් නම් වඩාත් හොදයි මොකද ඔයාට forex එපා වෙන්නේ නැතුව කරන්න ඉතාම පහසු ක්රමයක් තමයි එකේ තියෙන්නේ Meta Trader platform එක්ක බලද්දී. ඒවගේම සමහර ආයතන වල ට්රේඩ් කරන්න පහසු ඔවුන්ගේම ට්රේඩින් ප්ලට්ෆොර්ම් තියෙනවා. ඒවගේ එකක් වුනත් වඩාත් සුදුසුයි forex වලට නවක කෙනෙක්ට.
ICMarkets is an Australia based regulated licensed broker that offers Forex trading, CFD Trading, Precious Metals Trading and Bonds trading. One of the reliable and popular brokers with a low spread and low initial deposit. It is one of the Paypal accepted forex brokers too. to learn step by step, read " IC Markets Forex Tutorial in English " article.
ICmarkets ඕස්ට්රේලියාවේ ලියාපදිංචි සහ නියාමනය වෙන ආයතනයක්. ඔවුන් ෆොරෙක්ස්, බොන්ඩ්ස්, cfd, ලෝහ ට්රේඩින් සේවය ලබාදෙන ලොව පිළිගත් බ්රෝකර් ආයතනයක්. ඔයාට නවීන ට්රේඩින් මෘදුකාංගයක් වන ctrader භාවිතා කරමින් ඉතාම අඩු spread එකක් එක්ක ට්රේඩ් කරන්න අවශ්ය සහ කැමති අය අනිවාර්යයෙන් යොමු වෙන්න ඕන බ්රෝකර් කෙනෙක් තමයි ICmarket. ඔවුන් පේපැල් හරහා මුදල් යෙදවීමේ පහසුකමත් ලබාදෙන බ්රෝකර් ආයතනයක්. ඔබට තිබෙන්නේ ගිණුමට මුදල් ලබාගන්න පුළුවන් පේපැල් එකක්නම්, පේපැල් හරහා මුදල් යෙදවීම සහ ගැනීම කරන්න පුළුවන්.
IC Marketsහි ලියාපදිංචි වන විදිය සහ ෆොරෙක්ස් ට්රේඩ් කරන විදිය ගැන වැඩිදුර ඉගෙන ගන්න පුළුවන් " IC Markets Forex Trading Sinhala Tutorial " ලිපිය මගින්.
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
MT4 / MT5
Tickmill is a Uk based regulated broker with license from both UK and Seychelles that offers Forex trading, CFD Trading, Precious Metals Trading and Bonds trading. One of the reliable and popular brokers with a low spread and low initial deposit. Step by step guide ; Tickmill Tutorial in English
එක්සත් රාජධානියේ ලියාපදිංචි නියාමනයවන ආයතනයක් වන tickmill ආයතනය මේ වන විට සීෂෙල් රටේද ලියාපදිංචි නියාමනය වන බ්රෝකර් ආයතනයක්. ඔවුන් ෆොරෙක්ස්, බොන්ඩ්ස්, cfd, ලෝහ ට්රේඩින් සේවය ලබාදෙන ලොව පිළිගත් බ්රෝකර් ආයතනයක්. පොඩි මුදලකින් අඩු spread එකක ට්රේඩ් කරන්න කැමති සහ අවශ්ය අයට භාවිතා කරන්න පුළුවන් බ්රෝකර් කෙනෙක් තමයි tickmill කියන්නේ. Visit Broker
Tickmillහි ලියාපදිංචි වන විදිය සහ ෆොරෙක්ස් ට්රේඩ් කරන විදිය ගැන වැඩිදුර ඉගෙන ගන්න පුළුවන් " Tickmill Forex Trading Sinhala Tutorial " ලිපිය මගින්.
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
Roboforex is a Beliz based regulated licensed broker that offers Forex trading, CFD Trading, Precious Metals Trading & Bonds trading. One of the reliable and popular brokers because of the low cost ECN Pro Accounts.
Roboforex බෙලීස්හි ලියාපදිංචි සහ නියාමනය වෙන ආයතනයක්. ඔවුන් ෆොරෙක්ස්, බොන්ඩ්ස්, cfd, ලෝහ ට්රේඩින් සේවය ලබාදෙන ලොව පිළිගත් බ්රෝකර් ආයතනයක්. ඔයාට නවීන ට්රේඩින් මෘදුකාංගයක් වන ctrader භාවිතා කරමින් ඉතාම අඩු මුදලකින් ට්රේඩ් කරන්න අවශ්යයි නම් robofrexහි ECN Pro කියන වර්ගයේ ගිණුම වඩාත් සුදුසයි. හැබැයි මෙයාලගේ spread එක ICmarkets සහ Tickmill එක්ක බලද්දී සාපේක්ෂව ටිකක් වැඩියි. Visit Broker
MT4 / MT5
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
Pepperstone is an Australia based regulated licensed broker that offers Forex trading, CFD Trading, Energy, Soft Comoddities and Precious Metals trading. Company offers services since 2010. One of the reliable and popular brokers with a low spread and low initial deposit. Also it is one of the Paypal accepted Forex brokers too.
පේපර්ස්ටෝන් කියන්නේ ඕස්ට්රේලියාවේ ලියාපදිංචි සහ නියාමනය වෙන ආයතනයක්. ඔවුන් ෆොරෙක්ස්, cfd, ලෝහ ට්රේඩින් සේවය ලබාදෙන ලොව පිළිගත් බ්රෝකර් ආයතනයක්. ඔයාට නවීන ට්රේඩින් මෘදුකාංගයක් වන ctrader භාවිතා කරමින් ඉතාම අඩු spread එකක් එක්ක ට්රේඩ් කරන්න අවශ්ය සහ කැමති අයට යොමු වෙන්න පුළුවන් තවත් ඕස්ට්රේලියානු බ්රෝකර් කෙනෙක් තමයි පේපර්ස්ටෝන්. ඔවුන් පේපැල් හරහා මුදල් යෙදවීමේ පහසුකමත් ලබාදෙන බ්රෝකර් ආයතනයක්. ඔබට තිබෙන්නේ ගිණුමට මුදල් ලබාගන්න පුළුවන් පේපැල් එකක්නම්, පේපැල් හරහා මුදල් යෙදවීම සහ ගැනීම කරන්න පුළුවන්. Visit Broker
MT4 / MT5
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
FBS is a Beliz based regulated licensed broker that offers Forex trading, CFD Trading, Precious Metals Trading. One of the reliable and popular brokers with low minimum deposits and a company with branches worldwide for excellent support. You can get a welcome bonus of $50 or $130.
FBS කියන්නේ බෙලීස්හි ලියාපදිංචි සහ නියාමනය වෙන ලොව පිළිගත් බ්රෝකර් ආයතනයක්. ඔවුන් ෆොරෙක්ස්, cfd සහ ලෝහ ට්රේඩින් සේවය ලබාදෙනවා. ඔවුන්ගේ කාර්යාල රටවල් ගණනාවකම පිහිටලා තියෙනවා. ඔබට ට්රේඩ් කිරීම සදහා $50 හෝ $130 welcome බෝනස් එකක් ලබාගන්න පුළුවන් ගිණුමක් ප්රථම වතාවට ආරම්භ කිරීමේදී. Visit Broker
MT4 / MT5
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
When you are trading, you will be depositing and keeping money with a third party company. So if the company is regulated by a authority of a company that means it has to follow certain procedures to protect the funds of the customers or broker will have to face heavy penalties or possible loss of license to operate as a forex broker. Therefore it is recommended to trade only with regulated brokers.
ඔබ ට්රේඩ් කිරීමේදී මුදල් යොදවන්න වෙනවනේ යම් ට්රේඩින් ආයතනයකට. මෙම ආයතනය යම් රජයක් පිළිගත් ආයතනයක් විසින් නියාමනය කරනවා කියන්නේ ඔබේ මුදල් වල සුරක්ෂිත භාවය පිළිබඳව ගැටළුවක් නෑ කියන එක. හේතුව තමයි යම් විදියකින් මෙසේ නියාමනය වන බ්රෝකර් ආයතනයක් වැරදි ක්රියාවක් කලොත් ඔවුන්ට විශාල වශයෙන් දඩ මුදල් ගෙවන්න සිද්ද වෙනවා වගේම යම් අවස්ථාවල ඔවුන්ගේ බලපත්රය පවා අහෝසි කරන්න පුළුවන්. ඉතින් එම නිසා මෙවැනි නියාමනය වෙන ආයතනයක් සමග පමණක් ට්රේඩ් කරන්න මතක ඇතුව.
Forex is not a bogus program, it is one of the world's recognized revenue generating methods ( This is how the banks, financial institutions, hedge funds and retail traders make a revenue. George Soros & Andrew Krieger are some of the prominent forex traders in the world. ) but if you choose an unregulated broker which may not act genuinely ( most of the time these are referred to as bucket shops) the forex trading can become a nightmare for you. So choose a reliable broker first, learn trading, manage your funds properly, practice and also don't forget to try news ways as well. This will help you to become successful in forex trading ( Time factor can vary depending on your abilities mate. It can take 2weeks or 1 month for one person and another person might need about 6month to even several years. So patience is one of the important factors too ! ). Read this article to learn about helpful tips in trading. Learn Forex Trading in English
මෙය මුදල් ඉපැයීය හැකි ලොව පිළිගත් සාර්ථක ක්රම වේදයක් ( බැංකු, මුල්ය ආයතන, හෙජ් අරමුදල්, ඒවගේම සාමාන්ය ෆොරෙක්ස් ට්රේඩ් කරන අය මුලික ලෙසම මුදල් උපයන ක්රමවේදයක්. George Soros, Andrew Krieger වැනි අය එදා මේද තුර මේ හරහා විශාල මුදල් හොයපු අය. ) . නුමුත් ඔබ නියාමනය නොවන වංචනික බ්රෝකර් ආයතනයක් භාවිතා කලොත් ඔබට මේ ෆොරෙක්ස් කියන දෙය එපා වෙන්න, ඉගෙන ගත්තු දේ වගේම , මුදල් වතුරේ යන්නත් පුළුවන්. ඒක නිසා හොද විශ්වාසවන්ත පිළිගත් බ්රෝකර් ආයතනයක් භාවිතා කරන්න මේකන් ඔබට සාර්ථක වෙන්න පුළුවන්.
ඉවසීම, කැපවීම, අත්හදාබැලීම, මුදල් කලමනාකරණය සහ සැලකියයුතු කාලයක් වැය කරමින් පුහුණු වෙන්න පුළුවන් නම් අනිවාර්යයෙන් මේක හොද අදායම් මාර්ගයක් කරගන්න පුළුවන්. ගොඩක් වෙලාවට forex වලින් අසාර්ථක වෙන්නේ මම ඉහල කිව්වා දේවල් හරියට අනුගමනය කරන්නේ නැතුව කලබලේට පටන් ගත්ත ගමන් සල්ලි පස්සේ දුවන අයට. ඒක නිසා ක්රමනුකුව පටන් ගන්න. ඒවගේම forex වලින් කෙනෙක් සතියෙන් මාසෙන් සාර්ථක වෙන්න පුළුවන් වගේම තව කෙනෙකුට මාස 6ක් එහෙම නැත්තම් අවුරුදු කීපයක් වුනත් යන්න පුළුවන්. ඒක තීරණය වෙන්නේ එක එක අයගේ තේරම් ගැනීමේ හැකියාව මත. ඒවගේ හොද ඉවසීමක් තියෙන්න ඕන කියන එකත් මතක් කරන්න ඕන යාලුවනේ !
ඔබ ට්රේඩ් කළ යුතු ආකාරය වගේම ඔබට අත්වැලක් වෙන ලිපි කීපයක්ම ඇතුලත් වෙන මෙම සිංහල ලිපිය කියවන්න. Learn Forex Trading in Sinhala
Prathilaba October 10th, 2017
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You can find the latest videos published by Tickmill Forex Broker which will be useful for your trading activities as well as to get latest updates from Tickmill Forex broker. Also you can refer Tickmill Forex Tutorial in Sinhala or Tickmill Forex Tutorial in English as well. Good Luck ! 😎
Prathilaba July 16th, 2017
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