Netpicks has been assisting Forex or FX traders since 1996. FX trading offers its traders the opportunity to utilize a decentralized market to trade currency pairs. The exchanges are located around the world in various major cities such as New York, Sydney, London, Tokyo and Paris.
Netpicks offers its traders a live signal service as well as helpful charts. Traders can also trade in different cities since the market is always open somewhere in the world. The New York exchange might be closed but the exchange in Sydney would still be open.
Making trades on the spot is the method most traders prefer to use. It is also possible to trade in forward and futures markets. If a business owner wants to hedge their bets, then forward and future trades are preferable.
The forex market has substantial liquidity and for this reason, it is preferable to many traders. This is according to the research from the experts at NetPicks. Forex trading volume, on an average day, is done on the basis of trades of up to $5.2 trillion. The forex market has limited options compared to the stock market. Pairs are the primary method of trading currency in the forex market (netpicks.com)
Forex traders are allowed to leverage. This is when a trader spends a limited amount of a total investment volume and gets the help of a margin account. Traders with margin accounts only have to have total equity of $1,000 for funding of trades with values of $100,000.
Some common Forex terms include PIP or Pip, which is prince interest point. Bid price is another, which refers to the price that buyers will pay for each pair. Ask price is the current purchase price for pairs and Spread refers to the difference between bid and ask prices.
Netpicks is a world leader in providing trading education to its traders. It was founded in 1996 at the beginning of the online trading market. The company is based in Irving, Texas.
The professionals at NetPicks have years of experience in helping everyday traders succeed in the market. All of the trade educators at NetPicks are real-life traders themselves.