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A Beginner’s Guide to Forex for Business

Thank you for quality information you give!!! These are very useful tips. This is the perfect blog for anyone who wants to know about forex factory calendar. Hi, The details column has stopped working- no details show and they have in the past. How do I fix this please? Results are about probabilities and risk management. You can not know the order of the wins and losses, but different trading styles have particular probabilities with large sample sizes.

Hi, its my pleasure to come across your site.

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Video call. Does not contain White spaces. Red — high impact expected to move price on their release. This card is accepted at over The percentages above are the percent of trades involving that currency regardless of whether it is bought or sold, e. You are already registered with us as Facebook user. Partner Links.

May God bless you for your enlightenment. Pls I want to learn forex trading, but am a complete novice, newbie about forex. Even downloaded the MT4 on my pc but I do not understand it yet. Thanks waiting your urgent reply.

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The above information is really wonderful and articulately written. Thank for the good work, ok. Would kindly send me information on how to interpret technical chart.

Thanks for your anticipated cooperation. I would like to know, if the USD came out negative i. Hi, For the last 2 weeks I have been unable to get the Forexfactory site. My web browser, Microsoft Edge, tells me they are unable to connect with your site.

I have been using forexfactory for years until 2 weeks ago. Please explain. Posted by Rachel Hunter 25 Comments. Forex 5 Minute Strategy — Introduction Sovrn. Michael says:. October 1, at am. Rachel Hunter says:. October 2, at am. October 17, at pm. March 26, at am. April 1, at pm.

Professional Forex Trader

July 12, at pm. FredericParis says:. July 16, at am. Okoroji Onyedikachi says:. October 14, at pm. Randy Carter says:. October 18, at am.

What Is A Professional Forex Trader?

Richard says:. December 11, at am. June 22, at am. August 24, at am. June 26, at pm. August 10, at pm. September 17, at pm. October 8, at pm. Gboy says:. February 21, at pm.

March 30, at pm. Ndubisi A says:. July 26, at pm. Luc says:. February 16, at pm. Sizolwethu says:. So one of the key challenges is clearly to prevent chargebacks: Meanwhile, career fraudsters are also making the most of the pandemic chaos and confusion to hide and attack exchanges, especially the newer ones. This is, however, old news for mature Forex platforms, who are already a high target of fraudsters, due to the fact that they operate as digital wallets.

What is a Forex Broker?

Major players in this market tend to be financial institutions like commercial banks, central banks, money managers and hedge funds. Global corporations. › › Forex Trading Strategy & Education.

This is doubly true for those who also offer crypto trading, and those who cover risky markets such as Latin America or the APAC region, where synthetic ID fraud is a known issue. In fact, the key point to understand is that Forex companies are facing the same application fraud and fraud attacks as before the pandemic, only on a much bigger scale.

These include:. The last point is particularly worrisome as it facilitates money laundering, described as the Achilles heel of forex and crypto trading for its ability to burden exchanges with regulatory fines, scare clients away, and stop banks from working with you. The rise of remote work and the WFH work from home movement also means people are more vulnerable to phishing attempts and poor security.

Unprotected by a company firewall or simply adjusting to a new form of work makes it easier for fraudsters to confuse people and extract their login details, which they will use for application fraud. In short, we can expect a growing number of data leaks to appear on darknet marketplaces in the following months. These IDs are then bought by other fraudsters, who use them to create accounts on all kinds of sites, especially high targets such as Forex and crypto trading platforms. Complicating matters is the fact that many of these Forex companies face a big dilemma when it comes to onboarding new users.

In these uncertain times, nobody wants to lose business. This explains why you might be tempted to relax your user authentication process in order to grow your user base. Which brings us to the topic of manual reviews.

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Exchanges, especially new ones, often try to gain a competitive edge with zero friction onboarding — but it all flies out the window if the manual reviews slow things down. By now it should be clear that user authentication is the key stage to focus on. Block fraudsters before they can sign into your platform, and you reduce chargebacks. The question remains: how do you offer a seamless customer journey while flagging fraudsters as soon as they land on your website? Here are the tools we recommend at SEON. Whether you deploy an email analysis or phone analysis data enrichment module, the concept is the same: use very few data points, and get a much better idea of who your user is.

Because data enrichment such as the one offered by SEON works in real-time, you can instantly get a precise risk score based on, say, an email address only given at user authentication, which removes doubts of synthetic ID fraud.

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You can still also automate the process thanks to dynamic friction. The idea is simply to separate KYC processes into light and heavy ones. You initially only use light KYC, and only trigger heavy KYC like a selfie photo or ID document upload for those who could be a threat of using synthetic ID fraud techniques at the user authentication stage. This is a much more efficient method than asking for ID after registration. For one, it lets fraudsters know immediately that they are being watched. It also removes any potential frustration for users who manage to sign up, and then find themselves waiting for authentication before they can begin FX or crypto trading.

Social media lookup, as the name suggests, attempts to find information about a user by gathering their social data. While this is usually considered part of the data enrichment process, it deserves its own mention here, as it can be used for two good reasons:. We offer a complete end-to-end fraud detection solution , or data enrichment modules that integrate into your Forex platform in any way you want, even as a one-click Chrome Extension. In short, we want to make it as easy as possible for you to add a new layer of protection to your site, or to start from scratch and ensure no bad agents make it past your landing page.

Products Intelligence Tool Increase fraud detection accuracy in one click. Industries Banking and Insurance Onboard more customers with less friction while remaining compliant and competitive. Get a demo.