Go forex
Trading foreign exchange also known as forex on the currency market can be an exciting hobby and a substantial source of investment income.
My list of forex bonuses
Go forex (forex trading for BEGINNERS)
Trading foreign exchange also known as forex on the currency market can be an exciting hobby and a substantial source of investment income. To put this into perspective, everyone should be aware of the fact that securities market trades almost $23 billion each day. On the other hand forex market trades about $5 trillion each day. So, without putting too much a person having a good knowledge of forex can make a lot of money.
If you are new to forex the best app anyone having good knowledge of forex would recommend is named go forex (forex trading for beginners.) this app is a forex trading learning application which gives it’s users a good knowledge about how to trade foreign exchange also known as forex. This app is free and also very simple to use. No sign-up is required to use this application and there are even no ads which most people considers to be annoying.
Go forex app is based on the most popular e-book named “forex basics & secrets in 15 minutes” and within application you will find super friendly explanations and expert tips about forex trading. The app also offers trading strategy examples which helps the novice traders and newbies to easily learn and master the currency exchange market in a fun and quick way. Using this awesome app users can learn about the best times when to trade forex, understand what influences the currency rate fluctuations and other similar stuff. Users will also be able to test their knowledge and intuition with the interactive quiz game. If users are looking for the best forex broker they will even get benefit from this app as this app includes the dynamic TOP 10 forex broker guide which is updated regularly on the basis of real user reviews.
Following are the things you will learn form this app as a user
- How to read quotes and charts
- What influences currency rates
- How to use leverage
- What is multiple time-frame analysis and how it works
- Illustrated trading examples
- What are the best times for trading forex – daily & weekly
- Social trading and copy trading
- 10 forex tips from the pros
And all other things related to forex that will make you a pro in trading foreign exchange.
You can visit the official website of go forex. The app is also available for ios, android and windows phone devices. Download this app and don’t forget to share about this awesome app with your friends and family.
How to spot a forex scam
The spot forex market traded over $6.6 trillion a day as of april 2019, including currency options and futures contracts. with this enormous amount of money floating around in an unregulated spot market that trades instantly, over the counter, with no accountability, forex scams offer unscrupulous operators the lure of earning fortunes in limited amounts of time. While many once-popular scams have ceased—thanks to serious enforcement actions by the commodity futures trading commission (CFTC) and the 1982 formation of the self-regulatory national futures association (NFA)—some old scams linger, and new ones keep popping up.
Back in the day: the point-spread scam
An old point-spread forex scam was based on computer manipulation of bid-ask spreads. The point spread between the bid and ask basically reflects the commission of a back-and-forth transaction processed through a broker. These spreads typically differ between currency pairs. The scam occurs when those point spreads differ widely among brokers.
Key takeaways
- Many scams in the forex market are no longer as pervasive due to tighter regulations, but some problems still exist.
- One shady practice is when forex brokers offer wide bid-ask spreads on certain currency pairs, making it more difficult to earn profits on trades.
- Be careful of any offshore, unregulated broker.
- Individuals and companies that market systems—like signal sellers or robot trading—sometimes sell products that are not tested and do not yield profitable results.
- If the forex broker is commingling funds or limiting customer withdrawals, it could be an indicator that something fishy is going on.
For instance, some brokers do not offer the normal two-point to three-point spread in the EUR/USD but spreads of seven pips or more. (A pip is the smallest price move that a given exchange rate makes based on market convention. Since most major currency pairs are priced to four decimal places, the smallest change is that of the last decimal point.) factor in four or more additional pips on every trade, and any potential gains resulting from a good trade can be eaten away by commissions, depending on how the forex broker structures their fees for trading.
This scam has quieted down over the last 10 years, but be careful of any offshore retail brokers that are not regulated by the CFTC, NFA, or their nation of origin. These tendencies still exist, and it’s quite easy for firms to pack up and disappear with the money when confronted with actions. Many saw a jail cell for these computer manipulations. But the majority of violators have historically been united states-based companies, not the offshore ones.
The signal-seller scam
A popular modern-day scam is the signal seller. Signal sellers are retail firms, pooled asset managers, managed account companies, or individual traders that offer a system—for a daily, weekly, or monthly fee—that claims to identify favorable times to buy or sell a currency pair based on professional recommendations that will make anyone wealthy. They tout their long experience and trading abilities, plus testimonials from people who vouch for how great a trader and friend the person is, and the vast wealth that this person has earned for them. All the unsuspecting trader has to do is hand over X amount of dollars for the privilege of trade recommendations.
Many of signal-seller scammers simply collect money from a certain number of traders and disappear. Some will recommend a good trade now and then, to allow the signal money to perpetuate. This new scam is slowly becoming a wider problem. Although there are signal sellers who are honest and perform trade functions as intended, it pays to be skeptical.
"robot" scamming in today’s market
A persistent scam, old and new, presents itself in some types of forex-developed trading systems. These scammers tout their system’s ability to generate automatic trades that, even while you sleep, earn vast wealth. Today, the new terminology is “robot” because the process is fully automated with computers. Either way, many of these systems have never been submitted for formal review or tested by an independent source.
Examination of a forex robot must include the testing of a trading system’s parameters and optimization codes. If the parameters and optimization codes are invalid, the system will generate random buy and sell signals. This will cause unsuspecting traders to do nothing more than gamble. Although tested systems exist on the market, potential forex traders should do some research before putting money into one of these approaches.
Other factors to consider
Traditionally, many trading systems have been quite costly, up to $5,000 or more. This can be viewed as a scam in itself. No trader should pay more than a few hundred dollars for a proper system today. Be especially careful of system sellers who offer programs at exorbitant prices justified by a guarantee of phenomenal results. Instead, look for legitimate sellers whose systems have been properly tested to potentially earn income.
Another persistent problem is the commingling of funds. Without a record of segregated accounts, individuals cannot track the exact performance of their investments. This makes it easier for retail firms to use an investor’s money to pay exorbitant salaries; buy houses, cars, and planes or just disappear with the funds. Section 4D of the commodity futures modernization act of 2000 addressed the issue of fund segregation; what occurs in other nations is a separate issue.
An important factor to always consider when choosing a broker or a trading system is to be skeptical of promises or promotional material that guarantees a high level of performance.
Other scams and warning signs exist when brokers won’t allow the withdrawal of monies from investor accounts, or when problems exist within the trading platform. For example, can you enter or exit a trade during volatile market action after an economic announcement? If you can’t withdraw money, warning signs should flash. If the trading platform doesn’t operate to your liquidity expectations, warning signs should flash again.
The bottom line
Conduct due diligence on the forex broker you’re considering by going to the background affiliation status information center (BASIC), created by the NFA. Many changes have driven out the crooks and the old scams and legitimized the system for the many good firms. However, always be wary of new forex scams; the temptation and allure of huge profits will always bring new and more sophisticated scammers to this market.
Forex
Trade 50+ forex pairs with GO markets
Trade the world’s largest and most liquid market with your GO markets trading account.
GO markets is one of australia’s original metatrader 4 forex brokers that provides a world class forex market experience, helping new and skilled traders alike develop forex trading strategies to improve their trading outcome.
With full access to the most popular forex trading platforms metatrader 4 and metatrader 5, analyse financial markets, access mobile trading, trading signals, expert advisors (eas), with the ability to execute flexible contract sizes. Expect quick and efficient execution of your orders, with over 50+ forex pairs available and utilise leverage up to 500:1*.
With our commission free standard account, account holders get access to micro, mini and standard FX contract sizes. Our plus account is designed for more active traders looking to access to institutional grade spreads and a transparent commission-based pricing structure.
We also offer forex trading practice account on both metatrader 4 and metatrader 5 platforms. Try a forex trading practice account and test your trading strategies.
Trading forex with GO markets
Experience the benefits of trading forex on the GO markets MT4 and MT5 platforms:
- Access to eas and smart tools
- 50+ currency pairs
- Tight and competitive spreads
- Flexible leverage
- 24/5 hour trading
- Commission-free, low-cost dealing.
With full access to the most popular forex trading platforms metatrader 4 and metatrader 5, analyse financial markets, access mobile trading, trading signals, expert advisors (eas), with the ability to execute flexible contract sizes. Expect quick and efficient execution of your orders, with over 50+ forex pairs available and utilise leverage up to 500:1.
- The trading hours for forex (“FX”) are from monday 00:00 to friday 24:00 (platform time). Please be mindful of public holidays as trading times may change.
- Our forex pairs are spread-based only for standard GO account holders. GO plus+ account holders receive lower spreads and fixed monetary commissions.
- Our FX prices are derived from various quotes by our liquidity providers and include GO markets own spread. Our spreads are variable.
- Your profits and losses are realised in the second named (terms) currency of the pair you are trading. If this currency is different to your account currency, your realised profit and loss will be converted based on the spot rate at the time of conversion.
- If you have one or more FX positions open at 24:00 (platform time), there will be a daily swap adjustment to your position.
- For open FX position(s) on a wednesday at 24:00 (platform time), the swap adjustment will be for 3 days instead of 1. This is to cover settlement of trades over the weekend. Please be mindful of public holidays as these may change.
You can find an indicative swap on your platform, by right-clicking on a currency pair and selecting ‘specification’
| symbol | average spreads* |
| EUR/USD | 0.2 |
| USD/JPY | 0.2 |
| GBP/USD | 0.5 |
| USD/CHF | 0.4 |
| USD/CAD | 0.3 |
| AUD/USD | 0.2 |
| NZD/USD | 0.3 |
| EUR/GBP | 0.4 |
| majors | minors | exotics | metals | ||
|---|---|---|---|---|---|
| AUDUSD | AUDCAD | AUDJPY | AUDHKD | USDTRY | XAGUSD |
| USDCAD | USDSGD | CHFJPY | EURMXN | USDZAR | XAUUSD |
| USDJPY | EURCAD | EURGBP | EURTRY | EURDKK | |
| EURUSD | EURNZD | GBPCAD | USDCNH | EURHUF | |
| USDCHF | GBPJPY | NZDUSD | USDDKK | EURNOK | |
| GBPUSD | AUDCHF | AUDNZD | USDHKD | EURPLN | |
| CADJPY | EURAUD | USDMXN | EURSEK | ||
| EURCHF | EURJPY | USDNOK | USDHUF | ||
| GBPAUD | GBPCHF | USDSEK | USDPLN | ||
| GBPNZD | NZDJPY | AUDCNH | CADCHF | ||
| NZDCAD | NZDCHF | ||||
| AUDSGD | |||||
Our forex smart guide is intended to give you a greater level of transparency into trading cfds and forex. This information should be considered in conjunction with our product disclosure statement and financial services guide. It is not designed as a replacement.
At GO markets we offer a forex trading practice account and free educational resources to help new traders get started. For advanced traders we offer advanced trading tools and different account types.
How to trade forex
Ready to trade and experience the world’s largest and most liquid market? You can get started in 3 simple steps
Open a live MT4 or MT5 trading account
Fund your new account with $200 or more.
Start trading.
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United kingdom+44 203 637 7618
International+61 3 8566 7680
Trading derivatives and leveraged products carries a high level of risk, including the risk of losing substantially more than your initial investment. It is not suitable for everyone. Before you make any decision in relation to a financial product you should obtain and consider our product disclosure statement (PDS) and financial services guide (FSG) available on our website and seek independent advice if necessary
The information on this website is of a general nature only and does not consider your objectives, financial situation or needs. Every effort is made to provide information that is accurate. However, information is subject to change at any time without notice. GO cannot guarantee, and assumes no legal liability or responsibility for, the relevance, accuracy, currency or completeness of the information.
Information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. The GO markets AFSL authorises us to provide financial services to people in australia. However, GO markets complies with the obligations arising from our AFSL in respect of the financial services provided to all our clients, including those who reside outside of australia
This website is owned and operated by GO markets. All contents © 2021 GO markets pty ltd. All rights reserved. AFSL 254963. ABN 85 081 864 039. ACN 081 864 039.
Trading derivatives carries a high level of risk
Multi-award winning FX & CFD provider*
GO markets is one of australia’s original meta trader 4 forex brokers. Since 2008, we have been proud to offer traders a powerful and valued trading platform and advanced technologies, helping new and skilled traders alike implement their trading strategies.
In investment trends december 2019 australia leverage trading report, GO markets are rated no.1 for customer service. Our educational programs also achieve the highest satisfaction award.
We make it our mission to be a reliable and trusted broker for every trading interaction, with friendly and knowledgeable support staff on call for all of your needs.
*investment trends december 2019 australia leverage trading report.
Why GO markets
Low spreads from 0.0 pips
Tight spreads on our range of forex, share cfds, indices and commodity markets, with over 350 instruments to trade.
Australian regulated broker
GO markets pty ltd was launched in 2006 and is an established australian based and operated company (AFSL 254963).
Fast execution
GO markets’ servers are located in the equinix LD4 data centres providing a low latency environment to execute your trades.
Segregated client funds
All client funds are held in separate client trust accounts at top-tier AA-rated australian banks - national australia bank and commonwealth bank.
24/5 client support
GO markets friendly customer support team is available 24/5 to help you with all your trading needs.
Trade over 350+ products
Trade a wide range of products including forex, share cfds, indices and commodities, all from one account.
No deposit fees
Fund your live GO markets’ trading account with no transaction fees.
Secure transaction
Faster and secure way to fund your GO markets account by using 3D secure which provides extra protection for online payments.
Access smart tools
Experience the GO MT4 advantage with MT4 genesis. We’ve got the full suite to help you navigate the global markets.
Funding methods
Daily market news
New to trading forex & cfds?
Register and access free forex & cfds education courses including live and interactive webinars.
Sign up for newsletter and market commentary
Join our mailing list to receive market news and monthly newsletters, delivered directly to your inbox.
United kingdom+44 203 637 7618
International+61 3 8566 7680
Trading derivatives and leveraged products carries a high level of risk, including the risk of losing substantially more than your initial investment. It is not suitable for everyone. Before you make any decision in relation to a financial product you should obtain and consider our product disclosure statement (PDS) and financial services guide (FSG) available on our website and seek independent advice if necessary
The information on this website is of a general nature only and does not consider your objectives, financial situation or needs. Every effort is made to provide information that is accurate. However, information is subject to change at any time without notice. GO cannot guarantee, and assumes no legal liability or responsibility for, the relevance, accuracy, currency or completeness of the information.
Information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. The GO markets AFSL authorises us to provide financial services to people in australia. However, GO markets complies with the obligations arising from our AFSL in respect of the financial services provided to all our clients, including those who reside outside of australia
This website is owned and operated by GO markets. All contents © 2021 GO markets pty ltd. All rights reserved. AFSL 254963. ABN 85 081 864 039. ACN 081 864 039.
Trading derivatives carries a high level of risk
Forex wisdom
Downloads
Forex starts from here
Welcome to the GO-FOREX-GO
Based on our experience : at least 90% of new forex traders lose all their money within their first 3 months of trading. This means that they have no idea what the heck they are doing! They just jump into the market blindly with only hopes and dreams and rely on the flip of a coin to determine their success. 90% of forex traders are uneducated and lack the basic knowledge of how the forex really works. They rely solely on luck without LEARNING ANY OF THE BASICS AT ALL! And reliable sources suggest that up to 10% of these under- informed forex traders end up losing their entire trading account!
So do we assume that most losing traders are just ignorant? Of course not. Most losing traders are quite intelligent. In fact, most people who inquire about forex trading have above average IQ's. So why do they FAIL. They simply lack the discipline required to learn about how the forex actually works. They are initially overconfident and consider their quick 5 minute market analysis to be 100% correct. More often than not they are 100% WRONG!
GO-FOREX-GO brings online forex trading to be possible for everyone. Using our FOREX SIGNALS, with 24 hours a day signal support for global forex trading – five and a half days a week – in the majors, crosses and exotic pairs, as well as gold, we have our customers online forex needs covered. Our unique approach to the foreign currency market makes foreign exchange trading easy to learn and simple to master.
GO-FOREX-GO believes in making foreign exchange trading and commodities trading available and enjoyable for all. Professional currency traders love trading over our user-friendly TOOLS (expert advisor and script). First time traders love our FOREX WISDOM AND EDUCATION package, which offers forex trading practice, and our currency trading tutorial.
Services overview
Get started trading forex online with us. Check out our online forex trading platform, then open your account to get our exclusive offer.
Risk disclaimer :
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. 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.
Risk disclosure : trading FX dengan menggunakan margin/leverage membuat tingkat resiko menjadi lebih tinggi. Dimana leverage dengan risk setting yang tinggi, bisa meningkatkan profit dengan cepat, tetapi sebaliknya juga bisa meningkatkan risk dengan berkurangnya sebagian atau seluruh dana investasi anda. Oleh karena itu investor diharapkan untuk berhati-hati dan mempertimbangkan dengan sebaik-baiknya tingkat risk yang hendak dipilih. Agar tingkat resiko yang ada tidak melebihi perhitungan dari tingkat resiko yang sanggup untuk ditanggung oleh investor/trader.
Protecting your confidential information
We, at RGC TEAM, value our relationship with each of our customers, and we appreciate the trust that you have placed in us. We recognize that you have concerns about the confidential personal information we obtain about you throughout our relationship. Because protecting your confidential information is important to us, we have adopted a privacy policy which governs how the confidential information we obtain about you is used and maintained. We pledge to protect that information and ensure that it remains private. The information in this notice summarizes the categories of personal information that we collect about you, how that information is handled, and how we protect that information. We do not disclose any nonpublic personal information about our customers to anyone, except as required or permitted by law. RGC TEAM does not sell personal information obtained about you to companies that are not associated with RGC TEAM for the purpose of marketing their products or services to you. Collection and use of personal information the privacy policy set forth in this notice applies to RGC TEAM and affiliated companies of RGC TEAM. We collect nonpublic personal information about you from the following sources, solely for the purposes specified:information we receive from you on account applications or other forms, such as name, address, phone and similar information. We use this information to administer the accounts we maintain on your behalf, process transactions requested by you, respond to your inquiries, evaluate your investment needs, and identify other products and services that may interest you. All RGC TEAM employees are instructed to use strict standards of care regarding the confidentiality of your nonpublic personal information as outlined in firm policies. Employees not adhering to our firm policies are subject to disciplinary action. We require outside companies and independent contractors to whom we provide customer information for marketing, servicing or processing to enter into a confidentiality agreement that restricts the use of the information to those purposes. We maintain physical, electronic and procedural safeguards that comply with applicable laws to protect protect your nonpublic personal information.
Goforex.Co
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Go forex
Forex , FX, or 4X are acronyms for the foreign exchange market , the largest financial market in the world. Trading forex allows you to trade one currency against another and actually make money on the fluctuation of exchange rates between currencies. The foreign exchange market is by far the largest financial market in the world.
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Forex education - becoming a successful forex trader is an ongoing process. It has a beginning but no end. There is no pre-defined template for success. In every walk of life there are achievers, yet only 2 - 3% gravitate to become WORLD CLASS PERFORMERS. Research shows that those who carry and maintain the title have or have had a parent, guardian, coach, or mentor who has taught them, pushed them and held them accountable for their actions and performance. This web site is your coach and mentor. We can teach you, push you and hold you accountable, empowering you with the ability to become a WORLD CLASS forex TRADER! "do not attempt to trade currency margin until you receive the education and training to become a successful trader. There is substantial earnings to be made in the foreign currency market, but trading in the forex is for the well-informed" Goforex.CoTraffic reportEstimated valuationSearch engine indexesSearch engine backlinksSafety information
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