By Frank Martin (MoneyAmped.com)
As technology races relentlessly ahead, people all around the world – previously divided by geographical distance and cultural dissimilarity – are being drawn together. For companies, this means that new markets and trade avenues are opening up. For consumers, it means prices are being driven lower by increased competition, and that a wider range of product choice is becoming available. And for financial traders, it implies that the markets are more and more interconnected.
In our intensely globalized world, “There is so much that’s dependent on each other”, explains Sheila Patel of Goldman Sachs, “And, whether it’s oil prices or what a central bank does a continent away, it matters to everyone in terms of their own investments”.
Events in countries and markets thousands of miles away are claiming greater relevancy to our financial lives. Globalized financial trading also affects the markets around which it revolves, exerting a formidable impact on the economy in its own right. Commodity prices, for instance, are increasingly shaped in response to trading in the commodities market, no less than to the fundamentals of supply and demand.
Your trading platform should be geared to excelling in this interconnected global environment, and there’s no way around it. In this article, we’ll elucidate some of the features of the iFOREX Europe trading app and, specifically, how they work to orient you to the globalized financial world we live in.
Instruments from Multiple Industries
iFOREX Europe offer their clients a huge range of over 750 CFD instruments belonging to all the major industries, from information technology to aviation to fast food, on a single platform. This is because traders’ asset repertoires are tending to expand, and people increasingly want to trade in sectors they had ignored in the past. The array of instruments at iFOREX Europe is divided into six categories: shares, stock indices, ETFs, forex pairs, commodities, and cryptocurrencies.
It’s straightforward to navigate through the list of options and to open “buy” or “sell” deals on multiple assets, fixing your own deal size and stop loss orders. Remember to make use of leverage of up to 30:1 to boost your deal size and your potential earnings exponentially, even from small price movements in any asset. (Don’t forget, though, that leverage can also multiply your losses when the market goes against you, so use it prudently.)
You won’t be left to navigate among the hundreds of choices all on your own. iFOREX Europe offers you a stream of integrated financial news, continually keeping you in touch with the latest developments in the markets and the economy. You’ll also receive the brokerage’s own daily market analysis, which is aimed at keeping you in tune with the trends setting the economic scene.
Extensive Education Center
On a deeper level, the iFOREX Europe app works to enhance your trading acumen on a constant basis. Clients enjoy a library of easy-to-follow articles on trading concepts, from the fundamental (“How to Invest in Oil” and “What is Stop Loss?”), to the much more sophisticated (“Elliot Wave Theory” and “What is a Momentum Indicator?”). For the moments when you prefer to learn visually, turn on one of the great video tutorials that explains things pleasantly, step by step.
All aspects of the iFOREX Europe app are designed to assist you in taking advantage of our interconnected world intelligently and efficiently. Thus, the live rates for your instrument (and hundreds of other instruments) will come in directly to your smartphone, along with trading signals to alert you of potential opportunities. The app’s trading sentiment tool gives you insight into what other traders are thinking, and you can track price trends using cutting-edge charting technology. iFOREX Europe clients enjoy the support of a family environment permeated with the culture of learning.
Getting the Ball Rolling
For those interested in opening an account with iFOREX Europe, pay a visit to the iFOREX Europe website where you’ll find the option to click on “Register”. Fill in your details; then deposit some money into your new trading account to activate it. You can make deposits through online or offline means, including bank wire, credit card, debit card, and eWallet.
When you want to withdraw your funds, find the option to “Withdraw Funds” on the menu; fill in the amount you’d like to withdraw; choose your preferred method and click “Continue”. Your funds should appear in either your bank account or credit card before long.
Wrapping Things Up
The boundaries between nations, businesses, and industries are fading in our times. Modern technology has bound us all together into a single whole, sending information like lightning to the farthest corners of the globe. For those of us involved in financial trading, this means we need to operate in a globalized mindset, in which commodities are tied up with share prices, and currency pairs are knotted up with commodities.
The developers at iFOREX Europe have thoroughly suited their trading platform to the state of our modern world, both in terms of the information you need to receive and the access to global markets you’ll want at your fingertips. iFOREX Europe is part of the iFOREX Group, a trusted presence in online trading who have been around since its early days in the 1990’s.
iFOREX Europe (formerly known as ‘Vestle’) is the trading name of iCFD Limited, licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license # 143/11. The materials contained on this document have been created in cooperation with iFOREX Europe and should not in any way be construed, either explicitly or implicitly, directly or indirectly, as investment advice, recommendation or suggestion of an investment strategy with respect to a financial instrument, in any manner whatsoever. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.22% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Any indication of past performance or simulated past performance included in this document is not a reliable indicator of future results. Please note: Calculations of past performance movements may represent the futures and not the underlying asset. Full disclaimer: https://www.iforex.eu/legal/analysis-disclaimer.html
