subject: What Does FxDialogue Offer New Investors? [print this page] What Does FxDialogue Offer New Investors?
With so many foreign exchange market brokers to be found on the internet, it can be difficult for someone new to the market to decide on a broker that meets their needs. The amount of information laid onto a newcomer is a mountain's worth, and learning to truly make the most out of the Forex market takes a lot more time than simply reading an overview. Someone new to Forex should be focusing more on learning about the market than trying to choose a broker, but with the amount of choices available many people find themselves putting more effort into the latter than the former. FxDialogue, one of today's fastest growing Forex broker firms, aims to meet the needs of investors while helping them learn how to play the market.
The words "pips", "spreads", "slippage", and all of the other terms used in the Forex market are foreign to those who have never dipped their feet in the market before. Even worse is learning how to read the charts properly, and learning exactly how this type of trading works. These are all things that potential investors should do some heavy reading on before jumping into the foreign exchange market. FxDialogue has three primary learning resources on their website: a basic FAQ, an in depth e-book and an application called Wayback Simulator. The FAQ and e-book are full of information that every potential or new investor should learn, but the Wayback Simulator is the real draw.
The Wayback Simulator offered by FxDialogue gives real played back trading opportunities, and allows users to interactively work in a market environment. Any actions that can be taken on the real foreign exchange market can be taken on the simulator. This gives seasoned investors a way to hone their skills and strategies, and gives those new to Forex trading a way to learn how the market works. Newcomers also learn to read the market in a much more interactive way than any tutorial could ever give. With the dynamic nature of Forex trading, experience plays a big role in accurately speculating and trading wisely.
Those looking to try out this broker's services can sign up for a free 10-day demo account. A demo account gives a user a chance to see how the company handles their clients and gives total newcomers the chance to witness the foreign exchange market first hand. The demo account is free to open, but does not come with the other benefit to FxDialogue's services: the MexcelTrader add on. This add on comes free with their standard LIVE account and simplifies the normally overwhelming programming requirements that popular platform MetaTrader 4 has by exporting the data from MetaTrader to Excel. This is an invaluable tool for new investors, and even those who are experienced find the add on to be helpful. Real time market data is streamed to Excel for users to watch and interact with. All of this adds up to the ideal new investor experience in that learning is a part of the process, and newcomers need not worry about whether their broker is right for them.
