Forex Trading Basics For Canadian Traders

April 1st, 2022 by admin No comments »

Learning the forex trading basics can enable you to trade in forex online in Canada. There are many authorized providers for forex trading platforms and your best bet would be to check them out online after studying the reviews.

With loads of choices, you could be puzzled selecting the right portal for your needs. Most forex brokers on the internet in Canada have courses as well where you can learn the basics of currency trading and the tools required for success.

Demand for real tine services

Forex trading Canada can be fun as the features are tailored for the people from the big white north. Canadians can trade from the comfort of their homes at the click of a mouse and choose their hours for trading.

As more and more people are logging in on the internet to trade in forex from homes across Canada, there is a huge demand for real time trading services as well.

The brokers vie with one another to offer great platforms and features to get more traders on board. From offering free forex education and training so that you are equipped with the forex trading basics, they also offer bonuses for those who sign up for the first time.

You get an added advantage of platform choices as there are at least 4 different types of platforms on offer. Depending on your choice, you can settle with a platform.

Customizable interface and charting functions

There are features in forex trading Canada like advanced order management, prices that are executable, loads of charting functions, and an interface that you can customize to suit your needs.

For new account openers, there are several great features that can help them to get started off easily and without any hassles. It is the no frills systems that they love as most Canadian traders like their counterparts in the US are first timers in forex trading.

Once you fund your account with an online Canadian broker, you can get free access to their state of the art trading training courses as well. You can benefit largely from the free training and education which can help you loads when you trade with real money as they are a different ball game. Unless you get acquainted with the intricacies of forex trading basics, you cannot profit.

Now that you understand how forex trading works, I have a special time limited bonus for you.

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Trading Forex – Oil Prices and Canadian Dollar

April 1st, 2022 by admin No comments »

Over last couple of years there was a lot of discussion in Forex trading circles about Canadian dollar and oil prices. Why? Canada is major producer of oil and with surging oil prices people have been trying to find a correlation and take advantage of it. Or at least explain it.

Canada doesn’t rank at the top of oil producing countries. Many others are bigger. Saudi Arabia, Russia, Kuwait and others. Nonetheless, Canada has been an exporter of crude for a long time and being a neighbor of USA, the biggest oil consumer, raises Canada’s stature in the field of this important commodity.

There are huge oil reserves locked in the “black sands” of Alberta. Until recently exploitation of these deposits has not been economically viable. Now, however, with oil prices around 80 US dollars per barrel, production can go on in earnest. We are talking about estimated 300bln barrels reserves. That’s 10 times total annual worldwide output.
Huge deposits.

This fact has been known for years. Conventional wisdom among Forex traders was that it could be used in their decision making process. Only how? Conventional wisdom has been to go long CAD/JPY if one anticipated rising oil prices. In theory it makes sense. Japan is an importer and Canada an exporter of oil. It should work, right?

Unfortunately, it only works on the broadest of scales. If one has an outlook for many months or even years to come, this particular notion might make sense. Not on any shorter time scale, though. Recent developments are perfect example. Oil has just reached an all time high of 80 dollars while CAD/JPY is still about 700 pips from most recent high. Besides, despite much research and many tries, nobody has demonstrated that either one of these financial instrument is a leading indicator for another. So there is no clear way to take advantage of this correlation on regular bases.

Oil prices are just one of many factors influencing CAD. There are prices of many other commodities , like metals and agricultural products. There is the government spending, unemployment, taxes and interest rates. Entire spectrum of factors. Besides,
there are better ways to play oil market. Futures and stocks of oil producers can deliver better returns if one is correct on crude price direction.

Should one really incorporate oil price analysis into Forex trading, there is a better alternative to CAD/JPY. What is it? USD/CAD. That’s right. United States is a consumer of virtually all of Canadian oil surplus. These two countries are their respective biggest trade partners. What’s more important, price of oil is better correlated to USD/CAD than any other liquid currency pair.

Reputation Management is the Answer How Your Business Is Perceived

March 1st, 2022 by admin No comments »

Is it true that you are keen on finding out about dealing with your standing? Have you been searching for accommodating and solid data? Indeed, this article will ensure you get a few strong ideas. It will assist you with sorting out some way to more readily deal with your standing.

Posting data via online media locales is essential to your business’ standing. You should post a few times each week at any rate to actually run an advertising effort. Assuming you see that posting via online media locales is overpowering, consider recruiting an aide to make your posts for you.

At the point when individuals invest in some opportunity to offer something about your business, it is vital that you are sufficiently gracious to answer. While you might be an extremely bustling individual, it shows your crowd that you really care about them and what they need to say. This is imperative to keep a consistent client base.

At the point when you talk with your crowd, ensure that you do as such in a conversational tone. Individuals try to avoid the possibility of entrepreneurs continuously addressing them with promoting to them. While you would like to make a deal, you ought to never cause a client to feel like this is your main concern.

Be grateful. Assuming somebody leaves a decent audit about your organization, send them an individual message and express gratitude toward them for their criticism. On the off chance that conceivable, send your client a coupon for a specific percent off on their next buy as a much obliged. In the event that this is preposterous, earnestly say thanks to them for their input.