forex trading demo free download myself not to be greedy so the market wont take it away from. Philippines is no different. I am guessing that it will continue to go down. This is very true about Forex. Theres always a possibility to reverse.
You should watch. A special concern, even with the best Forex brokers in Philippines, will be their KYC procedures. It is possible to lose all your capital. The Bangko Sentral ng Pilipinas (BSP) is the regulatory body in the Philippines. The exchange rates are determined on the basis of specific market reforms aimed at stimulating competitiveness and growth through price stability.
There are tools to help you with that, fibonacci retracements, stochastics, rsi, zodiac signs, horoscope and my favorite, constellations. On the contrary, the smartest investors search for opportunities to develop their businesses where there are still few competitors. Spreads tend to be fixed and variable. Eurozone will go down and stuff so go short! Extremely popular destinations, besides the Philippines, are also Malaysia, Indonesia, China, India, etc. Review them, do your own research and only then open an account with the broker that you have tested yourself. When looking for the bottom or the top, you need to find a way to determine a valid support and resistance lines and you place your trade near those lines. Thats how you spot a fraud forex trader or analyst. It comes with practice and I suggest you start trading live immediately or do demo trading and try to look for those lines. I just watched the opening of the Amazing Spiderman movie and I think its better than the first movie. A spread is the difference between buy and sell or bid and ask price. The BSP, as a government organization, is eager to track down all illegal actions related to the Forex industry, and they keep the Forex business as clean as they possibly can.
When markets react to some unexpected fundamental event and prices start jumping up and down, brokers extend those variable spreads and they can become 10 or even 50 times bigger than usually. The BSP allow the sale of FX products by authorized agent banks, subsidiaries or affiliates to residents. I think its a good attitude to have. BSP stands for, bangko Sentral ng Pilipinas, which is the local regulatory body for Forex brokers in the country.