Forex trading platforms or not forex

Forex trading platforms or not forex

Forex trading platforms or not forex  It is a decision that only you know and here some information that can help you make decisions, only you deside

Broke out the mess of the pyramids and the illegal collection of money, the foreign exchange (Forex) market was questioned because some companies were justifying the high yields offered with alleged investments in this market.

forex trading platforms
forex trading platforms

Such is the case of Capital Forex, a pyramid that functioned in Tulúa, Buenaventura, Cúcuta and Armenia but whose profitability had nothing to do with the buying and selling of foreign currency. But there were also companies that were promoting the product without having due authorizations of the Financial Superintendent, as Evolution Market Group (Finanzas Forex), entity supposedly established in Panama, which neither had licenses in that country.

This situation put the Forex in the public pillory and created the feeling that this kind of investment was one pyramid, when this is one of the financial largest markets in the world, in which anyone can enter through electronic means to buy and sell all kinds of currencies (dollar, euro, yen, Swiss franc, sterling pound (, among others).

In Colombia, a person can be legally accessed Forex through two mechanisms: search a broker abroad or do so in Colombia through an office of representation or correspondent of a foreign broker.

In the first case, if the investor has the resources in Colombia, should be out of the country using an intermediary in the foreign exchange market (Bank, broker, Exchange House) as if to do a global spin. Therefore, you must declare the origin of resources and carry out the Declaration of change at the Bank of the Republic.

The recommendation, in this case, is investing in a recognized broker with experience, supervision and monitoring of State entities, and use formal channels to turn money to the account on the outside which will operate. Do not give money to anyone.

When it comes to a representative office or a contract of correspondent who has any of these international brokers in the country with entities duly authorized by the Superintendency of finance to promote the product, be sure to verify the entity references and remember all service and transactions make the broker from the outside.

I.e., the entity in Colombia have to certify that you opened the account with international broker and that its resources go to that account. In this case, turns to the outside that you do also are reported to the Bank of the Republic.

So far, the only entity authorized by the regulators is Fit Forex Investment Team AG, representative office in Colombia of Forex Investment Team AG, a Switzerland-based Forex broker.

How to invest in Forex?

The broker on the outside and the Representative Office give the investor platform for trading in the Forex market. The customer decides if he negotiates directly, or gives a trader of the entity responsible for the negotiation (managed account).

After clear the way to access the Forex, remember that this is a highly risky market because even though high returns in short periods of time, can be given the high volatility of these markets and the high degree of leverage, also the entire investment can be lost.

With deposits ranging from US $ 300 could take positions of up to US$ 60,000 which makes that small variations in the price of the coins you can lose or win a big capital. Therefore, there must be clear that no one can guarantee Forex fixed returns. Not trust in companies that you ensure a high profitability in the short term because very surely have that assume risks soaring for generate them or are doing other things.

The speculation in the market of currencies should do is with money that is can risk and that if is loses not affect the situation financial nor the style of life of the investor. This money does not guarantee the State nor funds from deposits in Colombia or abroad. It is the investor who assumes all the risk, so it should be very well learn how to do it.

To Margarita Baéz, expert in Forex and legal representative of Fit Forex Investment Team AG, if someone wants to negotiate on their behalf must have much discipline, concentrate in few markets, get to know them in depth and study them daily. “The main problem for investors is that in one day want to return millionaires. And this is a market which requires lot of discipline… The negotiation strategy I recommend is what risk what you can recover easily. This is your stop loss (loss limit) “, says.”

The entities have demos (demo software) so that people try the platform before investing. If you decide to invest directly, do it in own computers (never in an internet cafe), but if you don’t have time to operate or do not know how to do it can search the administration by an expert (managed accounts).

In this case, make is who is the trader, his record of operations, check your profile and experience, talk with customers that have operated with it. In end, all what you let know the type of professional to which le is giving his money. In Fit these accounts are opened from them US$ 25,000 dollars. Remember that Forex managed account must be your name and all, or part of their funds, can be withdrawn when you want it, without fines or penalties.

Regardless of the way that you choose, keep in mind that resources should never be handled through intermediaries of the exchange market and that neither should be handed to natural persons.

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