When trading Forex, the world’s biggest financial market with over 5 trillion dollars of daily turnover, you have to compete with millions of other trader and investors out there. That’s why you need a whole lit of advantages to succeed in this highly competitive business. The list includes, skills, expertise, decent brokers and innovative solutions like cutting-edge trading software. These are some of the cornerstones of success in trading FX.
Cornerstones of Success in FX Trading
In order to succeed in trading FX and pretty much any other financial market out there, you just have to base your trading activities upon several cornerstones or “whales” as some people like to call them. We have already named some o them.
Within the scope of this article, we are going to focus on the last one, which is trading software. Indeed, we are living in a highly technological world full of devices and innovative technologies giving you a competitive edge over rivals. That said, it is software that lets you take your trading experience to a whole new level and enjoy enhanced performance leading to higher profits over the long term. That’s why truly client-oriented broker bet on software innovation to let their clients feel the difference and enjoy what they are doing.
Apparently, nobody diminished the importance of skills and expertise in trading financial markets. However, if you are dealing with an old-fashioned broker denying the power of innovation in everything, including software solutions, chances are you are going to yield to more advanced traders equipped with more powerful solutions.
You see, today’s trading world is lightning fast and sensitive to minor changes around. That’s why those who have more powerful trading software solutions are always going to be one step ahead of the rivals.
By the way, today’s level of technology makes it possible to create truly sophisticated yet efficient, flexible and intuitive software for both traders and investors out there. SFX Markets has recently introduced one of such software masterpieces. This is called SFX Trade Leaders Pro. Some traders and investors say this is the ultimate solution, the best one ever. So, let’s go ahead and take a closer look at it!
SFX Trade Leaders Pro.
SFX Markets offers the trader a whole lot of trading platforms designed to meet the requirements of every single trader out there – from rookies to to advanced traders and experts. Whether you an automated trader, a news trader, or a trader relaying on tech and fundamental analysis, SFX Markets has got you covered! Those who a fond of trading on the go, can benefit from the company’s mobile and web trading platforms.
Still, SFX TRADER PRO is one of the best options for sophisticated traders and investors seeking the ultimate experience.
To be more specific, SFX TRADER PRO relies on FIX Protocol-based graphical user interfaces (GUIs for short). The are known for reliable performance and no-frills trade execution as well as a platform geared toward active HFT and news traders out there. The platform’s key advantages are claimed to be as follows:
Deep Market Depth
Interbank Spreads
Nearly instant execution
Time-tested performance
With that being said, SFX TRADER PRO is claimed to be an excellent piece of trading software tailored mostly to experts in short-term FX trading (but not limited to them) and offering the trader an opportunity to get flexible by staying in control of multiple key parameters, including even the max slippage on stop-loss order execution.
On to of that, the trading platform benefits from the so-called FIX API, which is becoming an international standard when it comes to exchanging info on any electronic financial market out there. By the way, the FIX API or protocol gives traders almost total control over trading and numbers a bunch of key features:
Direct access to interbank tight spreads set and charged by major liquidity providers.
An option to build your own trading apps or using existing ones
Lightning-fast execution and order entry speeds.
Enhanced trading privacy.
SFX TRADE LEADERS PROGRAM
SFX Markets has come up with a standalone program dedicated to SFX Trade Leaders. Basically, that’s a new social trading and investing solution letting you benefit from several innovative features, which have no competitors. Everything boils down to a simple idea:
Successful traders do what they do as their transactions are copied straight into investor accounts. In exchange foe that, the traders are paid a certain fee. That said, the solution is claimed to be the industry’s first social trading solution taking into account both sides – traders and investors.
This is what the company’s official website reads:
Trade Leaders may have several Master Accounts to send signals to their followers. Each Master Account may have several associated Offers with different conditions.
An Offer’s Investment period specifies the minimum time period that an investor agrees to follow the Trade Leader. The Investor cannot withdraw funds before that period is over, if not authorized to do so by the Trade Leader, except for profits previously earned.
An Offer’s commission structure sets values for a Performance Fee as a % of profit earned, a fixed Managed Fee for each Investment period, and a Volume Fee per lot traded. Investors pay such fees to the Trade Leader at each Trading Period’s end.
Investors can set up several Investment Accounts, with each account connected to one Offer in which trades are executed to follow a Trade Leader’s Master Account. An Investor can limit their maximum loss for each account.
COMMISSION STRUCTURE
One of the key features of social trading at SFX Markets is the notable flexibility in its commission structure. Each Trade Leader can set up various commission structures in the Offers they create to appeal to different investors. This commission flexibility is very innovative among social trading platforms. An Offer’s commission structure can include the following components:
For more details, please visit https://www.sfx-markets.com/investing/trade-leaders/about
The bottom line is, thanks to SFX Trade Leaders Pro, traders and investors from around the globe can cooperate and benefit from each other’s activities while capitalizing on trading Forex. All you need to do is to join the program and start using the innovative software. Good trading and investing!
