In Sweden, the Financial Supervisory Authority is responsible for financial regulation. In Swedish, the institution is called Finansinspektionen (FI) which is a combination of the former financial and insurance supervisory bodies. The Bank Inspectorate oversaw banking and other financial market operations while the Insurance Supervisory Authority only focused on the insurance industry. In 1991, these two bodies were combined to form FI which covered both tasks under one roof. Continue Reading →
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We have put together an extensive list of forex terms to help you learn trading forex and orient in the world of financial terms.
Knowledge of forex terms is vital, as most of the trading tips, deposit bonus tips and other articles include the trading jargon. Without knowing these fx terms it will be difficult for you to understand the reviews and tips on Forex Bonus Lab.
Learning to trade begins with the definitions and hence we strongly recommend you to browse through the terms.
Check the forex terms displayed in the alphabetical order below and if you are unable to find what you are looking for here – get in touch and we will give you a hand.
When trading currencies on Forex things can potentially go very well, leading to a large degree of financial success. This, of course, is the objective for every trader, but sometimes things don’t go as planned. Traders on the Forex markets are bound to make mistakes from time to time, especially when they don’t know what mistakes to avoid. When you know what the most common types of mistakes are, you can be prepared for them and save your investments. Some of these mistakes can even be considered as “traps” which ensnare the unsuspecting trader. Although beginners who are inexperienced are certainly susceptible to these common mistakes, sometimes skilled traders aren’t always aware of what traps to be aware of either. Avoiding these mistakes often makes all the difference between success and failure on the Forex markets.
The forex market is a vast, accessible area for the traders around world. It’s essentially open all the time; it has fully accessible use of margin and comparatively low costs of trading.
These are some features that can entice anyone into trading currencies for some extra buck. But the problem is most of you will fail during your first steps as a forex trader. Here’s a list of things you’re supposed to do, many of which you don’t end up doing. Browse through the list of the best Forex tips we have prepared for your to assure successful trading!
Curious about Forex Market Hours? Foreign Exchange Market is the largest and the most active. Unlike Stock Market that closes daily, Forex market closes weekly. This article will examine the Forex market hours, explain the timing of the sessions and provide forex trading tips based on the forex sessions overlap. Read below to find out the most prominent Forex market hours.
The Forex market hours are 24/5, open the weekdays but closed on the weekends. While it is 24/5, not every exchange hub works all 24 hours. The active hours change between locations. While the market hours continue over a 24 hour time period, from 10 p.m. GMT Sunday to 10 p.m. GMT Friday, the actual Forex trading hours vary. For New York, the time is 1 p.m. GMT to 10 p.m. GMT, while it is 12 p.m. GMT to 9 a.m. GMT for Tokyo.
Forex Bonus Lab will be covering currencies for people less interested in speculating fx, but more into using forex for traveling purposes!
One of the most useful features that a new trader can use is the demo account. Before the evolution of technology, traders didn’t have online accounts and they were writing their trades on paper rather than introducing them at the market. This is why the term paper trading is often associated with forex demo account trading. The demo or practice accounts allow new modern traders the opportunity to paper trade. It has the advantage of not requiring any deposit, since the trading is simulated and account balance is virtual.
Trades can be initiated and positions closed as usual, but no money is at risk. All losses are simulated, but all gains are also simulated. This has the advantage of allowing traders the opportunity to practice their strategies in a simulated environment without the fear of losing their initial investment. This is a very useful tool to learn, because traders will look at the indicators and try to determine when they should open a trade, how long they should keep it open and also when is the best time to close that position.
A trader should not make the mistake to think that all Forex broker are reputable and handle their business honorably. After some research is made regarding them it is apparent that some of them use a dealing desk in order to gain from less experienced traders, sometimes delay order execution until it is favorable to them or they do straight fraud by betraying the confidence of the customers who have put their faith in them. It becomes imperative that a lengthy investigation must be made regarding brokers by examining their site and the opinion of the customer on the forums in order to ascertain that what they boast about is also what they provide.
In order to help traders before they make a deposit to a broker, in the following a definition for brokers will be given, along with a way to verify them online and how to be sure that they respect the current legislation. This article will tell you what is good forex broker and what should you bear in mind while choosing best forex broker!
Learning how to start trading currencies successfully is a difficult task not suited to everybody. However, if a trader has a clear plan, he can overcome the obstacles associated with it. Of course trading currencies involves a significant degree of risk. Many traders have losses, this raises a question why trade forex. Nevertheless, trading performance depends also on the attitude. This differs considerably depending on who we talk about. Some people trade simply because it is a nice pastime and they want to experience the thrill. Others perceive trading as being very successful. They also don’t do a very good job of documenting themselves or practicing on a demo account first. That is not the right attitude a trader must have. By taking the time for thorough documentation, a trader can increase the chances of belonging to the class of traders that register profit. Forex Bonus Lab provides you with a full guide on how to start trading Forex online!