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Alfa-Forex has been in the forex industry since The broker is a part of Alfa Group, a Russian consortium with businesses in banking, insurance, investment, a waterworks company and supermarket chains. The goal of this Alfa-Forex review is to inform you of their advantages and disadvantages, so you can make a clear choice whether you wish to trade with them. Traders also can trade demo to get used to the platform and test how everything works, which is a useful asset for beginner traders. The offers with alfa forex broker deposit of the platforms are:. The minimum lot size is 0. The offered minimum lot size is 0.

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Company website. Customer Service Email Address. Company address. Information abstracts. Pyramid scheme complaint. Warning: Low score, please stay away! Exposures 2 pieces of exposure in total. Pyramid scheme complaint Expose. Check whenever you want Download App for complete information. Download on the App Store. Download on the Android. Download on the Google Play.

Scan to Download. No content No data. Load failure Load failure. VR Field Survey. Agree and Continue. What is pyramid scheme complaint? With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams.

We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment! Report immediately. Report This Platform. Related Photos. Confirm to Submit. Submit successfully! Not providing real-time customer support. License 0. Business 6. Risk Manag 0. Regulatory 0. Software Index 4. Software Index. Wikifx rating Description Rating.

Great AAA. Excellent AA. Good A. Average B. Poor C. Worst D. Trade rating of WikiFX was based on WikiFX investigating system, which detect how the investors from worldwide query platforms trade their foreign exchanges, and exclusive data model, which was created by a professional team of forex brokers identification.

For your convenience, WikiFX adopts the following rating system, along with rating instructions. Note: WikiFX reserves the right of final interpretation for the content hereinabove. Broker Information. Regulatory Status. Company Abbreviation. Select Country or Region. That's because extreme moves define capital markets in the first place. The downfall of learning forex trading with a demo account alone is that you don't get to experience what it's like to have your hard-earned money on the line.

Trading instructors often recommend that you open a micro forex trading account, or an account with a variable-trade-size broker, that will allow you to make small trades. Trading small will allow you to put some money on the line, but it will also allow you to expose yourself to very small losses if you make mistakes or enter into losing trades.

This will teach you far more than anything that you can read on a site, book, or forex trading forum, and it gives an entirely new angle to anything that you'll learn while trading on a demo account. To get started, you'll also need to understand what you're trading. New traders tend to jump in and start trading anything that looks like it moves. They may use high leverage and trade randomly in both directions, and this can often lead to the loss of money. Understanding the currencies that you buy and sell can have a big impact on your success.

For example, a currency may be bouncing upward after a large fall. This may cause new traders to try to "catch the bottom. The currency itself may have been falling due to bad employment reports for many months in its country. Would you buy something like that? Probably not. This is an example of why you need to know and understand what you buy and sell. Currency trading is great because you can use leverage, and there are so many different currency pairs to trade.

But this doesn't mean that you need to trade them all. A better way of doing this is to pick a few currencies that have no relation, and focus on those. Having only a few will make it easy to keep up with economic news for the countries involved.

You'll also be able to get a sense of the rhythms of those currencies. After you've been trading with a small live account for a while, and have a sense of what you're doing, it's OK to deposit more money and increase your amount of trading capital. Knowing what you're doing boils down to getting rid of your bad habits, understanding the market and trading strategies, and managing your emotions. If you can do those things, you can be successful trading forex.

Managing risk and managing your emotions go hand in hand. When people feel greedy, fearful, or another emotion, this may be when they're more likely to make mistakes with risk. And this is what often causes failure. When you look at a trading chart, approach it with a logical mindset that only sees the presence or lack of potential for success.

It should never be a matter of excitement. If pulling the trigger on a trade feels emotional in any way, you should re-evaluate why you're doing it and try to regain an objective mindset. However, it's better to save up more money to give yourself more flexibility with losses.

Many traders study finance, economics, or business in college. Computer sciences and mathematics can also help you work toward becoming a trader.

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