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Top 3 Forex Trading Mistakes

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Forex trading in Dubai is one of the most exciting investment ventures to be involved. The mind-blowing challenges, economic riddles and most especially, the potential sky rocketing profits you could make while sitting in the comfort of your office chair – these are all put together in one profession. If you’re a newcomer in this massive financial market, then it’s important that you make yourself aware of the universal mistakes that can easily ruin your Forex trading venture. These mistakes are costly and even the most courageous beginner may tend to leave after all his capital had been wiped out. So, here is the summary of slip-ups that every Forex trader should be aware of and avoid:

Understanding Forex Forecasts - Dubai Forex Trading

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What is Forex Forecasting? A Forex forecast is typically a product of the definitive research which would show you in advance the conditions that will take place at a certain future date. However, it is important to know that predictions are just what they are – predictions, and does not guarantee that they will actually happen. There are several factors that come into play when forecasting live Forex rates but even so, it is possible to consistently project currency prices within a range of acceptable margin of error.

UAE to Become a Forex Trading Hub in the GCC Region

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The UAE is undoubtedly regarded as a commercial hub in the Gulf Region and not, it also set to emerge as a foreign exchange trading hub in the region, said a senior official of ADS Securities, the Abu Dhabi based Forex and commodities and trading platform. Claus Nouveau-Nikolajsen, ADS Securities, Head of Sales, GCC & MENA, states: “The UAE has been at the forefront of financial industry development in the GCC and offers the most conducive environment for the growth of the forex marketplace and infrastructure. Trading of both major and emerging market currencies in the UAE is on the rise, and with international trade growing rapidly, the need for currency management will only increase. The expected upgrade of the UAE to emerging market status by index provider MSCI will have a significant impact on investment flows into the country, which in turn will also boost the country’s forex market.”

Currency Trading in Dubai

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Currency trading in Dubai or simple forex trading is becoming more and more popular in middle east especially in Dubai. Dubai is surrounded by hundred of Forex brokers who are fascinating more and more traders with their promotions and services. As per the current stats, UAE is fastest growing online traders hub after Saudi Arabia. The foundation of currency trading which we know today came about following the end of fixed currency exchanges to new “floating’ currency rates in the early 1970’s. The market has managed to stay stable since this time, with interest fueled by advances in technology such as computers and telephone dealings. Because of these, more people have become more attracted to entering the Forex market.

Developing your Forex Trading Skills

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Currency trading is absolutely a game where you can win or lose. It can both be profitable and risky depending on how you navigate yourself in the markets. As similar to any other kind of investment, currency trading has its own or pros. However, if you have a good amount of knowledge and understanding of the Forex market, then you may be able to reap significant profits from the massive Forex market.

Choosing a Forex Broker in Dubai

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To choose , Forex broker in Dubai is always important decision as your online trading is based mostly on them. Be cautious , when you are going for this step as you will be surrounded by hundred of Forex brokers in Dubai, which will have attractive benefits for traders but beside that you have to think with your logic, which one is regulated Forex broker and where it is been regulated. There are so many Introducing brokers working full time, you should be beware of them as they are not being considered as secure and regulated Forex brokers. Always choose actual regulated Forex broker and keep away from middle-man like brokers.There are a lot more Forex brokers around the Internet than you’d think. A query of “forex brokers” on the search engines would give thousands of results. There are so many different offers, promotions, features and bonuses available across these brokers. But while there is a wide selection of Forex brokers, not all of these are regulated.

Dubai International Forex Trading Show 2013

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We are going to have first time in Dubai, the biggest and first of its kind , representing international Forex and online brokers to join together in the presence of traders, IB's and Affiliates from MENA region.
International Forex Trading show will begin April 4 & 5 at Ritz Carlton , DIFC Dubai, UAE...