Forex Trading With ECN PRIME

Trading Forex

If somebody wants to trade on the interbank forex market, which is an OTC (over the counter) market, then the clients need to open a trading account at a forex broker. The forex broker provide all of tools and technology and settle trades to the market through its Liquidity network. Trading can be done either over the phone or through electronic networks, but the most popular way is using an online trading platform, where clients can analyze the market movements and based on their expectations and opinions, they can make investment decisions and place trades on the real market. The Forex trading is a 24-hour market, because of such a worldwide distribution of trading centers. Sydney, London, Tokyo, New York, and Frankfurt are the main hubs of trading. The market makes the biggest movements when markets overlaps each other. Trader mostly like London and New York session.

It is very important to learn Forex trading before taking up this trade. For instance, one should know about basic terms like currency trade. A currency trade is a synchronized purchase of one currency and selling of another. The currency combination used in this exchange is known as a cross (for instance, the euro/US dollar, or the GB pound/Japanese yen). The most frequently exchanged currencies are called "majors" and include EURUSD, USDCHF, USDJPY, and GBPUSD. 

The spot market is the most important Forex trading market as it has the biggest volume. The market gets its name because all of the exchanges are settled immediately, or "on the spot," although this is practically accomplished in two working days. Other than these terms, ECN PRIME offers access to real access to interbank forex market with ultra-fast order execution with very low spreads and costs via award winning MetaTrader 4, cTrader and Currenex platforms. ECN Prime provide real time market quotes and charts as free of charge. It gives you the possibility to trade on real market with virtual money and you can test your trading strategy and learn trading without any risk. 

Opening a real Forex account is very easy. It is done in three simple steps. The first step is to select the account type. You should decide in advance whether you want to open a live account in your name or in your business's name. Also, there is an option between Innovative Liquidity Connector and xLeverage accounts.

The next step is the online registration. The proof of ID and proof of address documents needs to be submitted to complete an account application. These documents are necessary to complete account application, because ECN Prime needs to follow and comply with the international and local Know Your Clients and Anti-Money Laundering rules and regulations.

Once the broker receives all the paperwork required, you will receive an email on how to fund your trading account with real money. After this process is complete, you will receive a final email with a username, password to login your trading account. You can now also open a MetaTrader 4 and cTrader demo account with ECN PRIME. 

So, if you are looking for benefits and want to invest and make money from Forex trading, then choose ECN PRIME. They are the best forex broker you could ever find. One of the main benefits of an offshore trading account is that there is no capital gain tax acquired from trading activities. If you make $500 or even $1 million, ECN PRIME has no obligation to report the capital gain to any tax authority. They hold client funds on segregated accounts.