What is foreign exchange forex investment, or forex trading? The forex market, also known as FX market is a decentralised international network with no settled or physical location that trades in all the world's currencies.
It is an over-the counter OCT market where intermediaries make their negotiations directly with each other. The trade in currencies can be made easily by the retail investor through the use of the internet by entering the market using electronic online trading platforms which are available by forex brokers.
Because of the complexity forex investor the trading products and the considerably high risk involved in the particular market, investing in the forex market is targeted for risk aware investors with sufficient knowledge of the market procedures. Potential forex investor should seek independent advice from an independent financial adviser as forex investor as a lawyer before entering into a contract with a broker.
The main risks associated with forex trading Complexity Forex transactions are not straight-forward. Thus, it is advised for an investor to exercise care, set out his investment objectives and take into consideration his risk strategy and his experience before entering into such transactions.
Volatility The investor must always take into account the fact that exchange rates are influenced by several, not exhaustive factors which are differentiated by political and economic situations.
Leverage Despite the fact that leverage can increase the returns of your investment, it can also work in the opposite way and produce magnified losses. Thus, investors are strongly advised forex investor to invest forex investor which they cannot afford to lose. Marketing and advertising techniques It is often observed that advertisements and promotions offered forex investor be forex investor and may encourage the investor to become part on an investment scheme without exercising the necessary care in order to make clear the risks and fees associated.
It is important for the investor to carefully read and comprehend the marketing material and the subsequent contract and legal documents. Unauthorised and unregulated firms Some firms are not regulated and are not authorised to provide legitimate forex services and products.
Some of those firms do not specify whether they are regulated and under which regulatory authority or forex investor indicate to be regulated by the European Securities and Markets Authority ESMAwhich however forex investor not authorize or forex investor any type of investment firm.
The authorization and regulation of investment firms in the EU is made by the regulatory authorities of the EU Member States. An unauthorized firm does not forex investor to comply with investor protection rules such as safeguarding of client assets, clear information, disclosure of risks, suitability and complaint handling.
In Cyprus the relevant authority is the Cyprus Securities forex investor Exchange Commission CySec which keeps an updated list of the Investment Firms regulated under its authority and is published in their website.
Protection of Investors Safeguarding of client assets The safeguarding of clients assets is an important objective and the investment firms in order to ensure the reasonable safety of clients assets maintain internal control programs which detect and prevent 1 fraud, 2 violation of regulatory rules and regulations and 3 risks due to errors forex investor day-to —day business processes.
Essentially, an Investment Firm ought to keep such records and accounts in order to enable at any time to distinguish assets held by each client and by their own assets. Clear information The investor must receive clear information related to his transactions, commission fees and charges. An investor must also receive clear information in respect of the risks involved and the price quotes intended to forex investor used in his transactions.
Usually, in respect of price forex investor, the firm will provide an online tool which could be used upon request. Disclosure of risks Usually the risks involved are disclosed in the Forex investor and Conditions of the Client Agreement. Forex investor The Investment Firms usually forex investor that they offer online trading facilities only to individuals with sufficient knowledge and experience in the field and in financial matters, who are able to acknowledge and evaluate the risks and merits which are engaged with the potential transactions involved thus limiting their liability.
Some firms in order to ensure the knowledge forex investor their clients ask them to pass a 'client suitability test'. Complaint handling The client should have in mind that the forex broker should have an internal complaint procedure which he is advised to follow in the case where an error or failure is detected. In accordance with the complaint management procedures of CySec, the applicable Laws, Rules and Regulations the Investment Firms must keep a record of complaints and measures taken in respect of complaint resolution.
An online form can be filled in with the details of the complaint, the investor and the CIF. It has to be noted that the client in order forex investor be able to submit such form he must first address to the internal complaint controls of the CIF.
Thus, a violation of the agreed binding Terms and Conditions, a bias behavior or an inability to provide the agreed services may raise the possibility or the necessity of taking legal measures. In such situation of injustice and after forex investor the relevant complaints the forex investor is advised to seek legal advice.
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