Forex Blog @ FxBees.com

We are happy to welcome many new members lately at FxBees.com. As you know, FxBees.com is not only about trading and publishing results. Its also about sharing experiences and ideas as well as improving your trading results by learning from the best. To make sure that you get the most out of FxBees.com, we would like to give you some recommendations:

1. Follow other members through your real-time feed
At FxBees.com all trades of  our members are disclosed in real-time. We also use this data to build statistics documenting the individual past performance of every member. What does that mean for you? You can browse through endless trading statistics of every member and identify successful traders at first glance. Once identified, you can follow the activities of interesting members in real-time by clicking the follow button. Your indididual real-time feed will be displayed inside of your trading application, regardless of which solution you use (read more on that later). So you stay up-to-date about trading activities of your favorites, copy their trades and learn from them.

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The widely known standard Forex account has a smaller brother called Mini account and – not so well known – an even smaller brother called Micro account. While the reasonable minimum deposit for a standard account is somewhere arround $2,000 one can start trading with $25 in a Micro account.

Beginners who are about testing the waters of Forex trading, have to determine wether to paper trade with a Demo account or to get their feed wet with a Micro account. Before you start trading, you have to have a strategy anyways. As long as you dont have a strategy, dont play with real money! Given you already made your first steps in Forex trading, a Micro account could be the right choice for you. Here is why…

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Just a few weeks have passed after our public beta launch. Even though there is still some development ahead, it was absolutely right, to go online now. As a small and lean company we simply cannot afford to waste our resources for features and functions nobody cares for. The market and our users are the best guidelines when it comes to effective development.

For instance, we were very surprised how many users were asking for the option to open a real account immediately. Together with our first partner broker CMS FX International we now offer real money accounts connected with FxBees.com.

Open a Micro Account with only 200$

Besides the common standard account, we are also able to offer our customers to open a micro account. A micro account  only requires a minimum deposit of $200 and allows a minimum trade size of 0.01 Lots. By trading micro lots your exposure is much lower and you can get used to the Forex market slowly.

Why use Micro Account instead of a Demo Account?

A demo account gives you the opportunity to become familiar with the trading platform, learn how to place trades, and use technical analysis tools. However, when there is no risk, you are likely to be more detached when you place your trades and in how you look over the result of each trade. Also, a demo account usually starts with a large initial amount that may not be representative of your starting capital when trading live.

With Micro Lots, putting some money on the line, even in very small amounts, may make you more invested in what happens with your trading! When you are ready, you can deposit more funds and upgrade to a standard account.

See, how position sizes affect how much you make or lose on a 100 pip move (example):

Standard Position (1 Lot): 100 Pips = $1,000 (1 Pip = $10)
Mini Lot (0.1 Lot): 100 Pips = $100 (1 Pip = $1)
Micro Lot (0.01 Lot): 100 Pips = $10 (1 Pip = $0.10)

As you can see, learning is much more convenient with a Micro Account.

How to get started?

Register at FxBees.com and then upgrade your demo account to a Standard or Mini Account to start trading with real money. If you experience problems, just contact us through the support forum.

First of all: 75% of our readers and followers on Twitter are familiar the advantages of the FOREX market. However beginners are not, so this especially for you guys.

Besides many other positive aspects there are a few facts which stand out from the rest: Liquidity, absence of market manipulation, nonstop trading activity, no bull & bear cycles. Lets take a closer look at these factors.

1. Liquidity:
The Forex market is by far the most liquid market place in the world. Only the daily retail volume – which accounts for approx. 3% of the total volume – is about 100bn USD (yes, per day). Thus investors are always able to buy and sell at very competitive prices. The spread in the Forex market is usually not higher than two pips (otherwise change your broker!) for the mai n currency pairs comprising EUR, USD, JPY, GBP, CHF.  (more…)