With almost $4 trillion exchanging hands every day, the currency trading market (aka forex market) is the largest financial market in the world.
In the past couple of decades, only multi-million dollar corporations, central banks of different countries, and hedge fund managers had access to the very lucrative forex market; but since the mid-90s, the advent of the internet also gave rise to online trading, and this made it possible for anyone to trade in foreign currencies wherever they are, and whenever they want.
If you are interested in learning how to trade in the forex market yourself in Tanzania, then you must first familiarize yourself with the basic concepts involved.
Fortunately, there are plenty of free resources that you can find online using any search engine, but if you want an easier, and more convenient way to learn about forex is to go to the website of a reputable online broker, a company like easyMarkets.
Their website has plenty of online educational resources like video tutorials, one-on-one training sessions with one of their expert brokers, and other helpful resources.
You can also gain access to helpful tools like ones used for technical analysis, market commentaries, and a news ticker to keep you abreast with anything happening in the marketplace.
Once you learn the basics of forex trading, the next step would be finding the right broker and trading platform that you will use to make money.
It just so happens that easyMarkets also has an easy-to-use web trading platform that you can use for free; with just a click of your mouse, you can execute trades that can make you thousands of dollars richer.
You can also download their desktop trading application so you can gain access to more tools and settings, and they also have a mobile app so you can keep track of your trades even when you are not in front of your computer; you can also get live support from one of their expert account managers for whenever you have any questions or disputes.
Now that you have chosen a broker and a trading platform to use, the next step is to register your account and deposit funds into it so you can get started.
With easyMarkets, you only need to go online, create an account and then add funds to it using your credit card; you can also do a transfer from your savings account if you wish.
Now, if you are still a bit apprehensive about risking your money on the forex trading market, easyMarkets can provide you with a demo account which you can use to simulate trades at real time, using real-world market conditions; and if you make it to the top three monthly demo users, you can also receive free trading credits as a prize; so not only are you getting some practice in trading, you can also start trading without putting out any of your own money at risk.
It is straightforward to get started in forex trading in Tanzania; you only need to follow the simple instructions mentioned above, and you can immediately get started making money in the exciting and highly lucrative forex trading market.
What is easyMarkets?
easyMarkets is one of the pioneers that ushered in the online forex trading industry. Founded in 2003, easyMarkets has revolutionized currency trading and is now being used by traders from over 160 countries all over the world.
Forex trading was once only accessible to professional brokers and large companies, but thanks to easyMarkets, even regular folks like you can now engage in trades and make a decent living out of it.
They made this possible by considerably lowering the entry costs from $10k to just $25, and developing an easy-to-use online trading platform.
Besides currency pairs, users can also trade in other commodities using the easyMarkets trading platform. Using just one easyMarkets account, users can also trade in other commodities like gold and oil with the same amount of ease.
You can choose to use the easyMarkets web-based platform, download and install their desktop application, or you can use your smartphone or tablet with their mobile app so you can trade whenever you want from wherever you are.
To further convince you to use easyMarkets, here are some of the benefits that you stand to receive:
- A simple margin computation method that will allow you to use leverage on all the available balance in your account.
- An effective stop-loss command that will prevent you from losing more money than you are prepared to risk.
- Tight spreads that can assure you will be getting the same rate that you planned on getting in the first place.
- No hidden fees.
- Fast and secure deposits and withdrawals.
You can be sure that your transactions are safe and secure because easyMarkets operates under the strict supervision of the NFA in the US, the CySec in Europe, and ASIC in Australia.
They are the regulatory bodies that make sure that their clients are protected from any unfair dealings.
Another great thing about dealing with easyMarkets is they have dedicated account managers whose task is to guide and provide advice to their clients, depending on their level of experience.
They also have an extensive learning section in their website where you can gain access to a vast amount of educational material so you can get up to speed with what forex trading is all about; and if you are an experienced trader, you may get some tips on how to improve your trading strategies.
If all of these got you interested in getting started in forex trading in Tanzania, then CLICK HERE