Let’s Know About Forex Services – Ten Stereotypes, Five Doubts and Fifteen Your Competitors

The forex service provider is a firm that furnishes smoother access to a trading platform that allows you to buy and sell foreign currencies. It acts as an intermediary between you and the interbank system.

Ten common Myths you might have come across about Forex services are as follows:
  • Forex services are based out only in large financial cities
  • Forex services require a vast amount of money
  • The services are not transparent 
  • The service providers are not well experienced
  • The forex services are not convenient and timely
  • Forex services are only for traders
  • There is no one-stop shop for forex services
  • The forex service provider does not educate its clients
  • The provider makes money trading against their customers
  • Forex service is full of fraud
The above are firm stereotypes in accordance with the good service provider you choose, whereas these myths might stand as facts with the bad service provider. Thereby your success or failure depends on choosing a genuine Forex service provider.

Choosing the best Forex Service can be a very overwhelming task especially if you don’t know what you are looking for. Here are five doubts you should clarify about forex services before putting your money in:

If the Forex service provider and the services are highly secure (regulatory compliance) or not
Whether Transaction costs are cheap or not and if any hidden charges are involved
If the services are hassle-free or not
whether the services are convenient and transparent or not
If the customer service is good or not

The Forex market is extremely competitive and highly volatile being so, many corporate and individuals proceed for forex services in order to not lose out on the bottom line.

15 Things Your Competitors know About Forex Services from a good service provider like Myforexeye: 
  • Regular Forex audits
  • Highly transparent
  • Exceptionally secure
  • One stop solution for all forex needs
  • Research reports and Forex news
  • Real-time rate check
  • Corporate forex training
  • Forex risk advisory
  • Import and export financing
  • Easy money changing
  • Your treasury manager at your hand 24/7
  • Tremendously convenient through a mobile application
  • Forex leakages rescuer 
  • Adds to the bottom line by preventing any losses
  • Extremely professional customer service 
Thereby, Myforexeye is your go-to genuine forex service provider for all your forex requirements.

Read More Information About Forex Advisory Services

Comments

Post a Comment

Popular posts from this blog

Foreign Exchange and Risk Management

Image
The term Foreign exchange implies two things; they are foreign currency and exchange rate. Foreign currency is any foreign nation’s currency which is authorized medium of circulation and the basis for record keeping in that country. An exchange rate is the value of a nation’s currency in terms of another currency. The strengthening of the globalization process has led to a rise in foreign exchange transactions in international financial markets. This has set on higher volatility of exchange rates and has absolutely increased foreign exchange risk. There are numerous types of risks involved, however only a few can bring losses as massive as foreign exchange risk. In these conditions, the demand for new modern and effective methods for managing foreign exchange risk becomes a great necessity for the parties in international foreign exchange activity. Foreign Exchange Risk Management is crucial for firms frequently trading in the international market. Coping with risk has therefo
Read more

Forex Risk Management Techniques

Image
The need for forex risk management arises when traders who have open positions are willing to cut the size of their potential losses but alternatively there are also another set of traders who are willing to gain massively from single open position. The main aim of trading is to enjoy higher returns but it comes with higher risk.  The case is similar for corporate which have expected cash flows inwards or outwards depending on being an exporter or importer. If these cash flows are left un-hedged, the case is equivalent to trading. It is at this point there is need to understand what proper risk management is. Forex Risk Management Techniques can make the difference between survival and sudden death of a trader in the currency market. Even when best trading systems are in place, but no risk management strategies are there, failure would knock on your door sooner than later. These strategies can come in the form of cutting down on your lot size, entering the market at par
Read more

What is Foreign Currency Exchange?

Image
Foreign currency exchange also abbreviating as Forex or FX is the conversion of currency of one country into another country’s currency.  In Foreign exchange markets, currencies are traded around the clock over the counter. Foreign exchange transactions are currencies exchanged by a traveler or by any corporate making payments to financial institutions and governments across the world. Transactions could be made by individuals, corporate or institutions. Importers and exporters or anyone taking speculative positions with no underlying goods or services all transact with currencies. The number of transactions has increased in the recent decades. Unlike equity and debt markets, the global Foreign Currency Exchange market is the largest and the most liquid financial market, having over trillions of dollars as average daily volumes. Foreign exchange transactions can be done for spot or forward delivery. They are executed over the counter (OTC) and around the clock and ther
Read more