Abstract：A live event that will help us to understand more the works of a forex broker and how can we avoid or resolve if we encounter unlawful experiences with them.
This next Friday, July 15, 2022, at three o'clock PH time. Skilling LTD's Business Development Manager, Mariegold B. Sagocsoc, will present a live event hosted by WikiFX. Mariegold is originally from Manticao, Misamis Oriental, Philippines, but resides in Kuala Lumpur, Malaysia at present. She will speak on “Managing Forex Traders.” This live event will be broadcast concurrently on WikiFX Live Room (https://liveroom.wikifx.com/en/live/202207144521433651.html) and WikiFX Facebook Page Philippines, which is WikiFX.Philippines. It is a privilege for WikiFX to share this live event with everyone so they may learn how a certain broker handles their investors' funds.
Skilling on WikiFX
Skilling is one of the most reliable brokers in the online trading sector. It gets a high ranking on WikiFX, which indicates that this broker is regulated and operates out of actual offices. Since the first day this broker was featured on WikiFX, just a few complaints have been received and resolved with the assistance of WikiFX. To learn more, visit Skilling WikiFX Dealer Page.
Licenses
What is Skilling
Skilling is a Scandinavian-owned fintech startup with a single mission: to simplify and democratize trading in a transparent and safe environment. We do not believe in trading just for traders. We believe in trade for all parties. From our offices in Seychelles, Cyprus, London, Malta, and Spain, we are developing an innovative trading platform.The Seychelles Financial Services Authority has approved and governed Skilling Seychelles Ltd. You may trade more than 900 forexes and CFD financial instruments with us, such as currency pairings, shares of your favorite businesses, prominent commodities, and global indexes. All transactions are conducted using forex or CFDs. You may trade on our platform using a desktop computer, a mobile device, or by installing our app from Google Play or the Apple App Store.
Skilling Vision
Unlock the potential of the global financial markets for the benefit of everybody.
Everyone with an interest in financial markets should have access to and the ability to maximize their potential.
Skilling Mission
Our objective is to provide a trading platform that caters to traders of all levels, from novices who have never traded before to seasoned professionals. We want to develop a platform that links everyone to global financial markets and demonstrates their potential.
In the live event, Marigold will discuss the whole forex trading process, including:
What is the function of the broker？
How are their traders managed？
Include how a forex broker makes money off of its traders.
How do FX accounts operate？
Also mention how to locate the ideal broker.
A forex brokerage links retail forex traders to the forex market. Foreign exchange is abbreviated to “Forex,” and the forex market is exchanged on the “interbank” This implies that banks trade electronically at prices that may vary from bank to bank.
When you place a deal, Forex brokers earn their money by taking a cut of your profits. Changes in the relationship between two currencies within a pair are measured in basis points (pips). Before executing your deal on the market, the forex broker will charge you a few pip fees. The market may be trading at 1.3100 EUR/USD as a purchase price, and the broker may execute your order at 1.3102. If you terminate your position quickly, the forex broker will pocket the difference between the “market price” and the amount you paid.
It is known as the spread. You may ask why the forex broker would choose to generate money on such a minor thing. The simple explanation is that the majority of traders do not consider a few pip differences. This makes the charge visible. A forex brokerage generates revenue by providing access to forex leverage. With leverage, you may manage a greater quantity on the market than you have in your account. If your leverage is 100:1, you may control $1,000 in the market with just $10 in your account if you are trading. This not only increases your possibility of profit (or loss) but also makes each pip substantially more valuable, hence increasing the value of the spread you pay.
Regardless matter whether you win or lose while trading, the forex broker will continue to benefit from the difference between what you pay and the true “market price” that they pay. A forex brokerage's primary objective is to facilitate your access to the forex trading market while profiting in the process. Many of them will even teach you a little bit about trading. There are several forex trading brokerages, some large and others tiny, but they all function similarly.
You may begin your search for a forex broker with this list of forex brokers. Open a forex demo account with each broker you're considering and test them out for some time. If you want to consistently trade forex, you need a trustworthy forex brokerage.
If you're new to forex trading, take the time to educate yourself and understand a little bit about what you're doing. Forex trading is not difficult, although it might seem difficult at first. Everyone can learn how to do it with a little patience and perseverance.
You may access the live event even on the go. Simply download the WikiFX app from the App Store or Google Play Store for free.
