About the Canadian Dollar

The Canadian Dollar is one of the major currencies of the world. It is known as a commodity dollar because it moves together with oil prices due to Canada being one of the largest oil suppliers worldwide.

The British Pound

The British Pound Sterling and is one of the eight major currencies of the world. It is the oldest currency that is still in circulation and dates its history back to the middle ages.

MetisEtrade investor reaps huge profits from USOIL trading

One question that we get often here at MetisEtrade: is it really possible to earn a large profit in a short amount of time in the FOREX market? A businesswoman from Roxas City, Capiz has proven that it is possible. The investor, a mother of two, started in the market with an initial deposit of PHP 100, 000 and in less than two weeks, has earned a profit of over PHP 600,000 after trading USOIL in February 2015 by taking advantage of a slight recovery in oil prices from February 2 to 6 after a 53 percent drop over six months – a testament to both good judgment and thorough research practices.

The FOREX market is known as a high risk, high return one due to its volatility. Considered as the largest market in the world, the FOREX market dwarfs even the largest stock exchanges in the world, with trillions of dollars in volume changing hands each day. Due to the previously high cost of entry, the FOREX market has traditionally been open only to large institutions such as banks; the emergence of the retail side of the FOREX market has allowed individual investors to take advantage of lower initial investments without losing on the opportunity to earn hefty profits.

Read full story Here: http://www.metisetrade.com/blog/2015/02/metisetrade-investor-reaps-huge-profits-usoil-trading/

Overtrading

 

Many new traders are so eager to profit from the market that they usually trade just for the sake of trading. Again, this exposes you to greater risk, without the commensurate rewards. Trade when you feel that there’s a good opportunity. Don’t trade for the heck of it.

Forex trading: Fighting your emotions

Forex trading involves many emotions. These emotions include greed and fear, the two biggest culprits when it comes to emotional trading losses. Green happens when you try to take advantage of previous profits, despite indicators that warn of probable losses.

Forex Trading Guidelines

There’s no sugarcoating the facts: forex trading WILL be a grind. You’ll probably start out either on the losing end or making small, barely noticeable gains. But before you start, here are some very important guidelines to help you.

MetisEtrade: The Filipino forex company

One of the most important decisions you will make before you enter the forex market is your choice of broker. As your main link to the market, a forex broker acts as your business partner and your guide. Today, you can choose from any number of brokers in any part of the world. The internet has solved the problem of geography, and signing up for a forex trading account is as easy as filling out forms. 

However, going with an international online broker brings its own set of disadvantages. International brokers are usually registered under their home country, so they’re not covered by Philippine regulations.

Take for example, the Swiss National Bank fiasco. Last month, the SNB announced the removal of price caps that kept the exchange rate between the Swiss Franc and the Euro stable.  A large number of forex brokers were affected as a result, including some of the largest brokers in the world. 

As an investment option, forex trading is inherently high risk and high reward. For that reason, it is very important to have the proper regulations in place, to help protect against whatever potential problems may arise. 

MetisEtrade is the only broker registered with the Bangkong Sentral ng Pilipinas (BSP) and the Securities and Exchange Commission (SEC). With MetisEtrade, you combine the convenience of an online broker with the security of a duly regulated financial company. 

In addition to brokerage services, MetisEtrade also offers free seminars to their clients that aim to educate the Philippine investor on the nature of the forex market. The company employs financial advisors who can mentor their clients on the proper way of trading. That’s more than you can say for any other local broker.

With MetisEtrade, you’re gaining a partner uniquely tailored to the Filipino investor.