Selecting and using the best Forex trader in trading is very important so as to become successful in the Forex market.It is therefore important to choose a broker based on your goal,for active trading and investment, while choosing ensure they are licensed, select a broker from the appropriate traders union, review carefully and study the trading conditions.
OctaFx is an online currency trading brokerage which offers online currency trading, forex trading and forex education services
Below are the highlight of 9 important things you need to know about OctaFx.
- OctaFx trading servers: the OctaFx is known to have stable connection and low latency which gives it an edge from other Fx servers located in London and it has a wide network of servers and data situated in Europe and Asia.
- Opening hours: the OctaFx MT4 and MT5 opens 24 hours in a day for 5 days in a week which is from 12am on Monday to 11: 59 on Friday. The maintenance takes place 12a.m to 2a.m on Saturday and also 3:30am to 4:30a.m on Sundays and it is important to know that at this maintenance hours, trading cryptocurrencies would be unavailable.
- Advantages of Trafing with OctaFx: the customer support of the OctaFx is responsive and values every of their customer, the OctaFx provides client with high quality service in accordance with international standards and regulations, makes trading experience convenient and outstanding. On deposits and withdrawals customers are not charged comissions, there is an availability of various withdrawal and deposit options, on the OctaFx there is a wide range of trading tools and there is a negative balance protection.
- Supports sports activities: The first sponsorship was agreed in 2014 and OctaFx supports clients that have interest in sports across the globe. OctaFx has also been known to support and sponsor Southampton football club which is an English Premier team.
- Takes part in Charity programs: OctaFx has been known to engage in supporting different charity and sponsorship programs so as to come to the rescue and aid those who are in need.
- Trading is easy: to trade on the OctaFx all you need do is open an account, make a deposit,sign in to the web based platform then start trading.
- You can set a leverage: leveraging helps to reduce marginal requirements which is the amount necessary to maintain a particular phase then allows a trader open orders with a larger volume than what it could originally do.
- Predict price movement: For beginners on the trafing website, it is very much possible to track the general direction of the price on the chart and buy orders when it increases or also sell orders when it decreases. However, this does not automatically guarantee a profit all the time, but it is a good route for developing your strategy. In cases where you have no prior experience, it is much more advisable to avoid trading during major news releases, as the market tends to be highly volatile. In reducing losses, basic risk management techniques may also be of an added advantage .
- You can make profit and accessibility to close an order: on this Forex trading platform it provides you with different strategies to make profit from currency price fluctuations and this include hedging, scalping,news trading and lots more. However, if as a trader you conclude that you have gained enough profit, navigate to the Trade tab on your dashboard, click on the open position to open a context menu then select Close order.
Forex trading have been said to have transformed how people interact with financial markets and how it enable investors to easily access hundreds of different markets across the globe. However, OctaFX provides forex brokerage services to its clients in over 100 countries of the world. and uses the most up-to-date technology and knowledge to make your forex trading experience outstandingly convenient.