Bank details

 

Bank wire details:

Bank Name:                 Comerica Bank
Bank Address:            14950 Avery Ranch Blvd, City: Austin,  State: Texas Zip: 78717, United States
Account Title:             Wealth Profusion LLC  (Business Checking Account)
Business Account#:  1881773251   
Routing Number:       111000753   
Swift/Bic Code:          MNBDUS33

Company Details:
Name: Wealth Profusion LLC
Company's address: 10685-B Hazelhurst Dr. # 16425, Houston, State:TX Zip/Post Code:77043 Country: United States


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what is Forex Trading ?

by G.Malone

Currency trading is the trading of foreign currencies on the currency market. This is exchange where a States currency is traded for currencies from all over the world. Collaborating in Foreign exchange trading suggests that you are taking part in an international market in which a large number of currency fluctuations occur due to lots of different factors. Profits generated in this market are generally in the trillions of bucks each day and millions of folk from many backgrounds engage in it across the world.

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Trading in a Forex Trading Demo Account

How to Trade Spot Forex or Spot Gold

Spot Forex or Spot indices are same as forex trading or currency trading but you can start trading spot gold or Currency  in four easy steps, these steps are :

1. Choose Broker:

Here are few good brokers:

We recommend you to search for a good broker, there are a lot of brokers that play with new traders money, research before you start trading.

2. Download trading platform:

You can trade on demo platform with virtual money and when you will be expert then open live account with real money.

Download any broker's platform to start trade For Example:

Click File and click Open new Account (it will ask your information and will open new demo account which is free)

3. Understand the trading platform:

  • What are pips?
    • A pip is a very small measure of change in a currency pair in the forex market. It is the smallest amount a currency quote can change, which is usually $0.0001 USD, or 1/100th of 1%.

      • Example1: Using the value 1.30775 in EURUSD
        • 1 denotes dollar value
        • 30 denotes cents
        • 77 denotes pips
        • 5 denotes 5/10ths of a pip (negligible and can round the pip value up or down)

       

      • Example2: using XAU/USD or Gold value 1275.45
        • 1275 denotes dollar value
        • 45 denotes pips/points

         


4. Choose Forex Forecast signals or best Forex Forecasting System:

Choose our signals from Elite Membership to place trades, or you may choose our Master Mind Forex Trading System to analyze and place your own trades.

5. How to place a trade on the platform:

  • Click on Gold, EUR/USD or Any pair you want to trade and click New Order / or Press F9
  • New window will be opened place Stoploss and Limits and click Sell or Buy according to the signal you receive from our website
  • Stop Loss
    • The maximum value you input to stop buying (Used to protect you from big loss)
  • Limit or Take Profit
    • The minimum value you input to stop selling (where you take profit )


6. Understand the Signal and Use good method to Place Trades:

To better understand signals and use good method to place trade Please read our blog.

Copyright 2006-2016 - ForexTradeForecast.com

Starting Forex Trading- Lots and Leverage explained


Are you starting Forex Trading This Article quickly explains Lots, Leverage, & Pips. This will covers how currency lots are traded to help better know how to plan your trading system and manage your funds. Pip is short for Price Interest Point, also called points. This suggests that small movements in currency costs can create big profits.
The cost of a pip isn't a set cost. If you are trading with a standard lot in forex account, a pip is worth $10. If you are trading a mini lot, a pip is only worth $1, so the 1 micro lot trading is equal to 10 cents. The value of a pip changes based on the dimensions of your account, because the dimensions of your account has effects on how much currency you can leverage.
If you are trading in dollars , the standard account has a value of $100,000 USD . A mini lot is 10 thousand units of base currency. If you are trading mini lots, you can leverage $10,000.
This is the rationale why a pip in a mini account is worth less than a pip in the standard full sized account. While Currency exchange trading lets you leverage more funds than you have, this should be a perilous weapon.
While you can make profits on funds that you leverage ( rather than own ), you may also have losses amplified too. There are some methods to manage your risk when trading foreign exchange. If you've got an interest in trading forex, you have to have a definite trading plan.
You'll place something known as a stop loss order.
Stop-loss orders the classic way merchants minimize risk when placing an entry order. A stop-loss order to exit your position if the currency price reaches a certain point. If you are taking a long position, you would place the stop loss order below current market cost.
For a short position, you would place a stop loss order above current market cost. This strategy allows you to manage your risk and, just as the name implies, stop your losses at a certain point. Foreign Currency Trading can be quite profitable and and amazing way to invest.

Forex markets Risky or not, what you need to do?


So you decided to start forex trading after hearing from other folks who earn cash in currency trading and you need in on the action? The sole problem is that you have no idea what it is and how you go about doing it. Using technology to its full advantage is the key when you have to start making a massacring on the currency market. many years back you had to rely only on your discernment and experience if you wished to succeed with foreign exchange trading.
Today, you can actually start trading inside hours of first deciding you wish to give it a try. The way to try this is to select a currency exchange software product which will steer you through the experience step by step. When you are on the lookout for a currency exchange software product ensure that its one which will enable you the simplicity of researching the market in realtime.
Its straightforward to understand, straightforward to apply and works - lets look at it. Wait for new 4 week low to occur then close the open long position and open short. The above is an easy rule, it works and has the following benefits : For the user : one. It takes small time to execute, less than 15 mins a day.
Forex markets trend long term so you'll be on all of the major trends two.
It only as one rule so is intensely troublesome and does not get distracted by market noise. Its proved to work and will continue to work as in a laissez faire market you get trends. Words of caution : if you want to use this system beaware of the following:
When you are watching out for a foreign exchange software product ensure that its one that will enable you the ease of looking into the market in realtime.
If you do this youll know exactly when the move with a trade. Timing is urgent when you must earn money foreign exchange trading so unless the software you are using gives you realtime updates, its valueless.
Do your homework before you are making a last call about which software to get. Its a crucial investment and with the right one youll be earning money on an once per day basis trading on the forex market. Guarantee its easy to install and that it can offer you the guidance you need.
Remember with the right product, even a forex newbie trader can make profits their first day.

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