Since it will be necessary to manage your investments for you, choosing your manager is not a task to be taken lightly. Before you start your quest, start by defining what you're looking for: would you rather go through an independent manager or a firm? Which compensation method is best for you? Let's look in detail at the steps that will allow you how to choose a forex manager to find the manager that best meets your needs. Objectives You may not be doing your trades yourself, but you're still the investor. So it's up to you to decide what goals to achieve. If you know which way you want to go, it will be easier to find a manager to take you there. Qualifications You don't improvise as a forex account manager. This is why it is important to verify that potential candidates have at least an undergraduate degree in business, or even a doctorate. Additional industry-specific qualifications such as "financial advisor" or "financial analyst" are an undeniable bonus. Experience If you go...
How to trade oil?Trading Oil is like marketing oil. The trade in black gold usually takes place on a global scale between traders from various countries. Traders thus gather in a trading centre, much like the trading rooms and start trading on the prices of the cargoes. They are bonding with oil companies and their first task is to cover the oil needs of the oil companies. As a result, cargoes along the way can change owners dozens of times. But beware, the risk is the volatility of the oil market that is to say that prices can vary from one moment to the next as a result of exchange rates. This can complicate the operation. Traders must, in this case, be able to predict the rise or fall in the price of oil on a specific date in order to be sure to have profits on resales. The second option to trade oil is for individuals who do not affiliate with any oil company. There are two ways to do that. Either the individual in question buys shares in the oil sector or operates on petroleum ...
Stocks or stock exchanges are not the only trading items in the world. There are also so-called raw materials including gold or silver but especially Oil. As we all know, the price of oil has continued to rise in recent years, some sources of fall for the economy but the wealth assured for traders, because yes, there is no shortage of places for oil trading everywhere in the big countries. Black gold has become a safe investment product.What are the advantages of trading oil?Oil has long been known as a must-have energy source. It has been at the heart of the global economy for ages and has been there to show its power. With the successive crises from one country to another, the price of oil has risen considerably. It may seem strange, but contrary to what one might think, the great powers do not suffer to say the least. In fact, they use this increase strongly to trade oil at their ease. Trading Oil has several advantages. The first great advantage is the access it can offer everyo...
The smashing entry of high technology has allowed many sectors to develop at breakneck speed. As far as online trading is concerned, high technology is synonymous with Metatrader. Metatrader refers to the generic name of a trading platform that brings together various software for traders to assist them in their online trading activities.Why use Metatrader 4?The Metatrader is a platform, created by a Russian company called MetaQuotes Software. Aimed mainly at forex, it is currently used for other markets such as CFDs or commodities. The evolution of this platform has been surprising since 2001 so that in 2005, the latest version was put on the market: the Metatrader 4. Currently Metatrader 5 is already on the market, although Metatrader 4 remains the preferred CFD platform for many traders. Metatrader 4 is much more than just a trading platform, in fact within it brings together different options that can be useful such as the automatic trading function, or the mobile trading functi...