Trading commodities on the Forex can be a very lucrative business, but it takes more than just the desire to make money to succeed, it takes knowledge and the right people to help you.
So you have the money to invest, but you have no real idea how to get started in Forex trading. One of the first things most investors recommend is that you spend a little time learning about how the market works, and what type of commodities you are interested in.
Learning how to invest your money and make trades is not as hard as it would be if you were going into the NYSE, it can take years for a good trader to understand the stock exchange. For trading on the commodities Forex you are going to need to use what is known as a platform, this is a type of software that provides you with access to up to the second data on all of the commodities being traded. It can be either downloaded or accessed via a web site depending on your needs and which company you choose.
Each company offers a different platform, as well as offering a different range of pip spread, and varying leverages as well as other services. You should look for the one that offers the lowest spread with the highest leverage, based on how much you plan to invest. Here are my picks for three of the best platforms available:
Forex Yard offers a great training program that allows you to spend plenty of time practicing before you invest any of your hard earned money on the real Forex. Fixed spread rates of 3 pips on the USD / EUR and 3-5 pips on all others guarantees that your rates are the same no matter what is happening in the real world, many others go higher during world events.
Oanada is the perfect platform for the entry level investor; their platform offers a training platform that gives you easy to understand step by step training. You can fund your account with your credit card and trade in units as low as 5 cents, or as as high as your budget will allow. A very tight pip spread that varies only slightly with major news events insures that you will make the most out of your investments.
ACM offers four distinct versions of their platform, tailor made to suit your needs. They have a downloadable version for your home or office computer, a flash version for flexibility and a mobile version for your cell phone or PDA if you are on the go. Easily funded, you can be up and bidding within minutes of logging in to their website and signing up for your account.
Choose your platform with care and make sure you understand all of their terms and conditions before investing, finding the right platform can be the difference between winning and losing on the Forex commodities market.
Source by Serena Lewis