If you know about currency trading, you know that there can be a lot of risks involved, especially for new traders. Currency trading can mean high rewards, but as with everything in life, high rewards come with a high risk.So when you start trading you should reduce your risk until you understand trading more and can control your risks.
AGEA is perfect for new traders because it gives you loads of options which can reduce your level of risk. Controlling these factors can considerably control your risk level:
Leverage is a loan provided by the broker to the trader, so that the trade can trade more capital than they have. It is given in a ratio to the amount of money you have to trade. For example a common leverage is 1:100, this means if you put $10 on to trade with, we will make this $1,000.
Initially this sounds great, as the higher amount you trade the higher profits you can make, but consequences the leverage can mean higher losses.
A lower leverage is the best way to control your risk.
AGEA gives a wide range of leverage to allow you to choose the level of risk which suits you.
Capital is the amount of money that you invest.
The ultimate risk of currency trading is losing capital. But you have to start with some money to make money – right? Actually no! AGEA will give you $5 to start trading live – so you don’t need any capital to get started.
If you search the internet for “Currency trading Bonus” you will find offers up to many thousands of dollars – but beware, these all come with multiple terms & conditions. Most will only give you bonus’ equal to the amount you deposit – so if you don’t have anything to deposit, you’ll get no bonus.
So you search for “No Deposit Bonuses” – again you will get options, but most have strict conditions on withdrawing profit from these bonus , for example you may have to triple that bonus before you can withdraw any money.
Here are a couple of real Terms & Conditions on “No Deposit Bonuses”
“1. To withdraw your free bonus you need 60 TPoints (trader points)
2. One bonus per household/IP address.
3. The bonus expires in 3 months.”
“You can use the bonus for live trading, but you cannot withdraw it.”
AGEA is different! We have no such conditions. Everyone gets $5 when they open an account, it can be used on MT4 or Streamster, no deposit is needed, no expiry limit, withdraw whenever. Simple!
Spreads are, basically, the “fee” a broker charges for you making trades. So the higher the spread the harder it will be for you to make a profit.
The brokers are themselves charged a spread by their liquidity provider (a Company who sets the rates).
So there will never be no spread on a trade, but the excess added to the liquidity providers will depend on the broker.
AGEA charges NOTHING extra on top of the spreads charged by their liquidity provider on MetaTrader 4. And has great spreads on their platform, Streamster.
“Practice Makes Perfect”
The best way to become a currency trading expert is to practice. Test out your strategies, and see if you profit. But you don’t want to be practicing with real money, so start with a demo account.
A demo (or virtual) trading account is a simulator of a real trading platform, but you trade with virtual (fake) money.
With AGEA you can open demo accounts with MetaTrader 4 and Streamster.
Now you can make REAL money from trading with VIRTUAL money, through AGEA’s Master of the Month contest. Every month AGEA awards $100 to the trader who makes the highest virtual profit (via Streamster). You will automatically be entered when you start trading virtually on Streamster.
“Knowledge is Power” – Sir Francis Bacon
Many successful traders use fundamental or technical analysis to predict when currencies are going to rise or fall, and hence when they should buy or sell.
You can’t just guess which way a trade will go; you need to understand the currency and what affects it.
AGEA has an extensive education website so you can learn how to get the most from your trades, and plan your strategy.
You definitely don’t want to be losing money because you don’t know how to use the platform right.
AGEA has a 24 hour, Multilingual Live Support, known for friendly and helpful assistants. So any time you have any problems you can contact them at: https://www.agea.com/_nsssupport.ncre
So now it’s time to get trading! Below a summary to help you decide which account suits you. Open Your Account at AGEA.