Forex Trading

To make a living from Forex trading, you need a reliable trading platform that is easy and convenient to use and offers the same tight spreads to large and small players alike. You also want a system that offers the ability to test your trading approach before committing real money.

Forex Yard is an online foreign currency exchange trading service. It is designed so that a new trader can sign up and start trading in a matter of minutes. The service consists of online trading tools, access, and educational programs for both beginners and expert traders to use, as well as a downloadable software trading platform. The organization believes strongly in education as the best means to expert trading, so the learning tools are extensive. Based in Cyprus, Forex Yard was designed by professional Forex traders, as well as internet and financial sector specialists, and the service caters to international traders.



Advantages of using ForexYard

ForexYard is an online trading platform that offers variety in all aspects of the trade and this is why it has become one of the better known online foreign currency trading facilitators in today’s market. One of the clear advantages with their system is that you can use it pretty much anywhere there is an internet connection. The reason for this, is that you have the choice of trading using both a web based Java system and downloading ForexYard’s own free Forex trading software to your own computer . The web based Java system means you don’t need any special software which would restrict your online trading ability to your own PC or laptop. They also have free trading station software that you can also download, though this is not necessary to be able to trade. This provides you with more sophisticated decision making tools.

A very important feature on ForexYard is the ability to trade in commodities. Gold is a growth market during recession and Silver is likely to have a rally after dropping nearly 1/3 last year. Another one of the benefits of Forex trading is the massive amount of leverage that traders can employ. ForexYard gives its traders 200:1 leverage (meaning, a customer must have 0.5% of the value of their positions in their trading account in order to execute a trade.

ForexYard offers a neat little “virtual trading” demo-account facility. You can practice trade, using real-time quotes and full platform functionality, but only risking “pretend” money. This is a great way of testing out trading systems, particularly if you use technical analysis as your decision making tool. Finally, they dedicate a whole section of their website to Forex training and education. This includes a section on charts and technical analysis techniques.

Another attractive feature of their service, is that you can make a decision to sign up online and start trading within minutes using your credit card (Visa, MasterCard, Diners Club, Maestro) or bank wire to fund your account. You can make a decision to join them and be “out there doing it” almost immediately. They are also very big on credit card security and your personal privacy as well. With a “SuperMini” account, you can start trading with as little as $100.

ForexYard boasts that they never freeze their spread prices. This is common with other market makers when price spikes occur. A trader’s worst nightmare is getting frozen out and unable to exit when a sudden price move, either in your favor or otherwise, takes place. ForexYard has a policy of fairness for all. They want to provide their less experienced clients with every possible advantage and consequently, provide tighter spreads across the board. These were once only available to more experienced account holders, while less experienced clients were given spreads 1-3 pips higher. Their “universal pip rate” has dispensed with this discrimination, so that new traders receive exactly the same spreads as professional clients.

What ForexYard offers?

Guaranteed Limited Risk - If your equity drops below what you can cover then the deal closes out so you are not left owing.

Training - An excellent tutorial package allowing traders of all levels to learn and develop trading technique, this is totally free with ForexYard.

Security - Using the latest SSL encryption technology, you can trade safe in the knowledge that your personal details are protected by the latest anti-fraud techniques.

Customer Service - All traders have access to a dedicated, 24-hour Support Center. Here you can receive help on any technical issues with your account, plus up to date advice on the markets. This is extremely useful and important because the staff all has great experience in trading.

Languages - ForexYard trading platform is available in the following languages: Chinese, Turkish, Spanish, German, Arabic, English, French, Norwegian, Finnish & Swedish.

Depositing - The minimum deposit at ForexYard is $100 and they accept the following methods: Credit Card, Neteller, Wire Transfer, Paypal, Western Union, MoneyGram and WebMoney.

Types of Account

ForexYard Super Mini - ForexYard has an excellent starter membership called the SuperMini Account. These accounts are 1/10th the size of a Forex standard account meaning new Forex traders can start learning and earning, without a large initial outlay.

ForexYard Standard Accounts - ForexYard Standard accounts are set up for the more experienced Trader. There is more variety on the spreads with the standard size being 10,000 base currency per trade. That’s 10 times more than the Super Mini, so your risk is higher, but so are the gains.

VIP Services - ForexYard offers VIP services which are often described as Trading Big Guns. They offer consultation and will work to tailor a package that meets your trading needs.

What can we expect in the future?

You can expect the same high level of service you are used to with a lot of improvements. First and the most important one will be the introduction of EA (or Robots as they are also known). At the moment ForexYard doesn't support EA's, although they will be releasing a new account type on their platform shortly with a specific EA built in. I will be happy to let you know about this once the new account type has been launched so that you can start using this service.

Conclusion

ForexYard offers two different things that is considered to be absolutely necessary in any trading platform, customer support and all the help you need to gain more knowledge. It doesn't matter how long you have been trading on the Forex market, you will never get tired of knowing that you can pick up the phone, 24 hours per day and talk to someone about your account. The tutorials on ForexYard are also top notch and will help everyone, from the raw beginner to the seasoned trader. I highly recommend ForexYard to everyone because of their easy-to-use system which is suitable for beginner’s as is for expert traders. If you don’t have a trading platform yet or you aren’t satisfied with the current one, join ForexYard and I am sure you won’t regret it.

ForexYard - Trading Made Easy