Gaal thanna Vs Neth Fm

FOREX Trading In Sri Lanka

Sri Lankans have fallen victim to a large number of scams in recent years. Investment scams such as Sakvithi and Golden Key have promised extraordinarily high returns on deposits. However, all of these have failed at some point, costing depositors their hard earned money. What is worse, pyramid schemes are still running rampant throughout the area. FOREX trading however, is not a scam. This is truly a viable means of making money in the foreign currency market.A relative lack of internet usage in this region makes FOREX trading in Sri Lanka a little known and littler explored option for seeking an investment income. However, for those with internet access, a bit of practice can make this a very lucrative investment opportunity for the savvy investor. The first step is to choose a FOREX broker. Two very good options exist for FOREX trading in Sri Lanka. The first is eToro. This FOREX trading platform is ideal for the beginner. This is because the market data is presented using a graphic interface that makes trading in FOREX almost like playing a video game. Real time data is converted graphically to show a runner gaining or losing ground in a race. There are other graphic simulations that work in a similar manner to help the newcomer become comfortable with the FOREX market.UFX Bank is another really good trading platform for those with limited experience. While trading on this site, is not like playing a game, the technical analysis and data are presented in such a manner that even a person with no experience in financial markets can see what is happening from minute to minute. Both offer a wealth of free tools for the investor that allow one to formulate a trading strategy and create orders that dictate when to open a trade, when to close a trade, and when to take profit or stop loss. One tool, known as a trailing stop loss allows a trader to enter a trade and ride it as long as movement is in a favorable direction. The stop loss is set a certain number of pips behind the entry point. As the position advances, the stop loss follows at the same number of pips behind. When the market turns, it can only move the prescribed number of pips before the stop loss kicks in and closes the trade.