Workplace trader
For normal operation, the trader must:
1. Computer and Internet access2. Information system3. The program of technical analysis4. Forex broker-dealer
Computer and Internet access
It has long been the computer has become a necessity for the trader. Now we can say that the computer trader must always be connected to the Internet. In addition to online trading and information systems online gives the trader a lot of other possibilities. Among them: the conference of traders, news and analytics software, as well as libraries, bookstores, a collection of useful links and much more.Conference traders. Here you can ask questions of more experienced traders in all aspects of the Forex market, as well as share thoughts and ideas.
News and Analysis. Many Web sites offer analytical articles, forecasts of economic indicators, calendar of economic and political developments, technical analysis, performed by renowned specialists.Software. You can find and download many useful programs: educational programs for traders, program management and portfolio optimization, various analytical programs, new indicators and trading systems for TradeStation.
Information system
To work on the Forex market, you must have access to news and quotes of currencies in real time. This opportunity provides international news agencies via satellite systems or the Internet. It is now proposed a huge number of such systems. They can be divided into three groups.Reuters, Bloomberg, Bridge, TeleRate and others. It's expensive satellite systems - they are suitable for banks and large companies. These systems provide a wealth of information and usually include a serious analysis of the program. The cost of these systems is significant: plant 1 000-3 000 USD, a monthly fee of 000-3 000 USD.
DBC Signal Broadcast, FutureSource, CQG, Tenfore and others. It is relatively inexpensive satellite system - they are available for individuals and small businesses. These systems provide fewer features than the systems in Group 1, but this is quite sufficient for normal operation of the trader. Cost: about 1 unit 000 USD, monthly fee 300-500 USD.DBC Signal Online, WebTrader, Comstock on the Net, and others. This inexpensive systems using the Internet - they are available in almost all traders. The quality and amount of information they in no way inferior systems of group 2. Cost: free installation, monthly fee 150-300 USD.
Must take into account that these prices are approximate and may change significantly over time. It is also possible the emergence of new services and software.
Workplace trader
Perhaps no modern trader can not do without a program for plotting and currency technical analysis. Today the market offers a large number of such programs. To facilitate your choice, we draw your attention to the best of them.The American company Omega Research Inc. is a leader in the development of software for technical analysis of financial data. Its development ProSuite 2000i, TradeStation 2000i - this, in our opinion, the most powerful technical analysis software for real-time. The cost of TradeStation 2000i is around 2400 USD, ProSuite 2000i approximately 4800 USD.
Relatively recently, the U.S. firm Equis Corp. has released MetaStock Professional (Real Time). Before that, she offers a version of MetaStock, not running in real time. MetaStock Professional quickly gained a leading position and become one of the most popular programs of technical analysis. The cost of MetaStock Professional (Real Time) v.7 is about 1500 USD.There are many other, less powerful programs of technical analysis. However, if for some reason you do not fit the program Omega Research and Equis, we recommend that you use a program that is available (usually free) with the information system.
Must take into account that these prices are approximate and may change significantly over time. It is also possible the emergence of new services and software.
Workplace trader
To work at Forex trader needs to choose a firm partner, which will open a trading account, the insurance deposit is placed and from which it will enter into transactions of buying and selling currencies. On the status of these firms are generally broker-dealers, in their capacity can be both Russian and foreign banks and firms.The main criteria that should guide the choice of partner, are the major terms of trade (which is required for account opening minimum deposit, the minimum allowable amount of transactions, spreads on major currency), the list of traded instruments, the ability to work through the Internet, as well as the reputation of the financial structure.
Firms offering clients trading in the Forex market can be divided into several groups:Large: a deposit of 50 000 USD, the amount of transactions from 500 000 USD, spread 3-5 points.Average: a deposit of 5000 USD, the amount of transactions from 100 000 USD, a spread of 10-15 points.Small: a deposit of 1000 USD, the amount of transactions of 50 000 USD, a spread of 10 or more points, and often charged the commission of 5-50 dollars per transaction.
For normal operation, the trader must:
1. Computer and Internet access2. Information system3. The program of technical analysis4. Forex broker-dealer
Computer and Internet access
It has long been the computer has become a necessity for the trader. Now we can say that the computer trader must always be connected to the Internet. In addition to online trading and information systems online gives the trader a lot of other possibilities. Among them: the conference of traders, news and analytics software, as well as libraries, bookstores, a collection of useful links and much more.Conference traders. Here you can ask questions of more experienced traders in all aspects of the Forex market, as well as share thoughts and ideas.
News and Analysis. Many Web sites offer analytical articles, forecasts of economic indicators, calendar of economic and political developments, technical analysis, performed by renowned specialists.Software. You can find and download many useful programs: educational programs for traders, program management and portfolio optimization, various analytical programs, new indicators and trading systems for TradeStation.
Information system
To work on the Forex market, you must have access to news and quotes of currencies in real time. This opportunity provides international news agencies via satellite systems or the Internet. It is now proposed a huge number of such systems. They can be divided into three groups.Reuters, Bloomberg, Bridge, TeleRate and others. It's expensive satellite systems - they are suitable for banks and large companies. These systems provide a wealth of information and usually include a serious analysis of the program. The cost of these systems is significant: plant 1 000-3 000 USD, a monthly fee of 000-3 000 USD.
DBC Signal Broadcast, FutureSource, CQG, Tenfore and others. It is relatively inexpensive satellite system - they are available for individuals and small businesses. These systems provide fewer features than the systems in Group 1, but this is quite sufficient for normal operation of the trader. Cost: about 1 unit 000 USD, monthly fee 300-500 USD.DBC Signal Online, WebTrader, Comstock on the Net, and others. This inexpensive systems using the Internet - they are available in almost all traders. The quality and amount of information they in no way inferior systems of group 2. Cost: free installation, monthly fee 150-300 USD.
Must take into account that these prices are approximate and may change significantly over time. It is also possible the emergence of new services and software.
Workplace trader
Perhaps no modern trader can not do without a program for plotting and currency technical analysis. Today the market offers a large number of such programs. To facilitate your choice, we draw your attention to the best of them.The American company Omega Research Inc. is a leader in the development of software for technical analysis of financial data. Its development ProSuite 2000i, TradeStation 2000i - this, in our opinion, the most powerful technical analysis software for real-time. The cost of TradeStation 2000i is around 2400 USD, ProSuite 2000i approximately 4800 USD.
Relatively recently, the U.S. firm Equis Corp. has released MetaStock Professional (Real Time). Before that, she offers a version of MetaStock, not running in real time. MetaStock Professional quickly gained a leading position and become one of the most popular programs of technical analysis. The cost of MetaStock Professional (Real Time) v.7 is about 1500 USD.There are many other, less powerful programs of technical analysis. However, if for some reason you do not fit the program Omega Research and Equis, we recommend that you use a program that is available (usually free) with the information system.
Must take into account that these prices are approximate and may change significantly over time. It is also possible the emergence of new services and software.
Workplace trader
To work at Forex trader needs to choose a firm partner, which will open a trading account, the insurance deposit is placed and from which it will enter into transactions of buying and selling currencies. On the status of these firms are generally broker-dealers, in their capacity can be both Russian and foreign banks and firms.The main criteria that should guide the choice of partner, are the major terms of trade (which is required for account opening minimum deposit, the minimum allowable amount of transactions, spreads on major currency), the list of traded instruments, the ability to work through the Internet, as well as the reputation of the financial structure.
Firms offering clients trading in the Forex market can be divided into several groups:Large: a deposit of 50 000 USD, the amount of transactions from 500 000 USD, spread 3-5 points.Average: a deposit of 5000 USD, the amount of transactions from 100 000 USD, a spread of 10-15 points.Small: a deposit of 1000 USD, the amount of transactions of 50 000 USD, a spread of 10 or more points, and often charged the commission of 5-50 dollars per transaction.
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