Trading Platforms: Your key to retaining traders and reducing your churn rates

While having a trading plan is important, it’s also equally important to have the discipline to stick to and implement it. ’ Stephen Covey said being proactive is an important part of one’s success. As a trader, being proactive means taking action – doing something or doing the things that will contribute to your success as a trader. Affiliates that use the XCritical AMS to promote Forex will see increased traffic and conversion rates as a result of the superior lead quality they get. Marketing campaigns may be launched, and various forms of advertising can be shown on their websites, landing pages, and mobile applications.

“Turning a blind eye to the fundamental events that shape the underlying markets can prove to be disastrous. You might get lucky a few times, but trading on luck is similar to gambling,” he says. “At Orbex, we strive to provide top-notch educational resources, while making those resources available through a multitude of channels,” says Mr Abbas.

Choose the Right Broker

Our survey highlighted that traders are willing to switch brokers with better platform offerings. In this case, traders would appreciate the added value of having better https://xcritical.com/ UX/UI and would, therefore, be more likely to remain loyal. In our experience, many brokers are shifting focus to trading platforms and choosing unique offerings.

Think about your target market before deciding which social media site is best for your company. Which social media site is ideal for your business will depend on the amount of time your target audience spends there as well as the kind of content and promotions they show the most interest in. Don’t invest money you can’t afford to lose, don’t trust the ‘snake oil’ claims and make sure that you learn all you can about forex trading before you begin. In general terms, it is much safer to choose brokers, platforms and traders that are based in your country. Usually, in these schemes, little to no actual forex trading is done – but when there are no new investors, huge losses are recorded and the HYIP owner simply disappears with the remaining funds. Investors can be tempted to deposit sums of money so that their trades can be managed by ‘highly-skilled’ traders in exchange for a share of the profits.

Be prepared (stay up to date with news, announcements, upcoming meetings, interest rate changes, economic calendar etc)

The United Kingdom is widely considered to be the global leader in forex trading. According to the Bank for International Settlements triennial survey of 2019, the UK accounted for 43% of the global forex market share. This is significantly higher than the next two countries on the list, the United States and Singapore, which accounted for 17% and 7.6% respectively. Affiliates and IBs can be invaluable in helping you generate forex leads. They can help multiply your online exposure manifold, while also increasing your geographic reach.

ForexHotLeads generates exclusive realtime forex traders as well as offers a wide array of trader database leads in all geos. Let our marketing experts bring your company new clients so you can focus on your core business. Just like you, your competitors are offering powerful trading platforms as well as all the most popular forex pairs and then some. The way to stay ahead of the curve is to highlight the technology tools you offer to ease trading.

Business consultancy

Offshore traders aren’t always scamming, but with the different regulatory bodies, there are no mandatory international rules to be followed. Of course, sometimes the broker is incompetent rather than unscrupulous – making mistakes rather than scamming traders. Automated trading is aimed at newcomers to the forex trading market and is commonly referred to as robot trading or expert advisors. The very nature of the volatile exchange rate makes it ripe for get-rich-quick scammers, offering 100% profit based on a ‘secret formula’.

Having the correct psychological mindset for winning trades requires a lot of humility, self-control and self-discipline. Managing to keep your ego in check is just one of the many factors involved – but it is a crucial one. Any investment decision is made by each client alone whereas Admirals shall not be responsible for any loss or damage arising from any such decision, whether or not based on the content. Being a Forex trader allows you to work from nearly any place with an internet connection. Hotel rooms, cafes, and—thanks to the latest technological developments—even more distant corners of the world.

Link to existing Freelancer account

The same goes for being excessively confident and excited after a winning streak – refrain from trading or make sure you are knowledgeable about your mental state. Once you have a set strategy, don’t forget to do extensive tests by backtesting your favourite markets until you feel secure in your strategy. Diversify your investment, it is recommended that you do not invest more than 20% of your total investment funds in any one market. When starting boost forex lead generation to trade, it is important to understand what you want to achieve from it, and how you define success. Learning to trade Forex or any type of financial market can be difficult and is certainly not something that you will pick up in a day. From January 2019 to December 2019, the client got more qualified leads and completed more sales than at any other time since it began PPC ads, with VF Agency managing ad spends exceeding £670,000.