Netpicks is an online trading company that was founded in 1996. It prides itself on being the leader in online trading ventures offering financial assistance to many investors. The company is headquartered in Irving, Texas. The man at the helm of the company is Mark Soberman who leads a team of dedicated financial experts and together they focus on helping traders make sound financial decisions (ceocfointerviews.com).
According to the company, traders who trade in currency pairs have the ability to invest in the price schedules of various world currencies. The trading market works solely on speculation and this determines whether the prices will go up or they will plummet. With forex trading, traders are given the opportunity to trade in an open but decentralized market. Forex traders usually trade electronically in various financial exchanges across the world. Tokyo, London, Sydney, Paris and New York are some of the major financial exchanges in the world. With several financial exchanges, it means that the market is open 24 hours a day.
There are three types of trading namely spot trading, future, and forward trading. To be able to trade effectively, the Netpicks offers traders with enough information in form of charts, graphs, and live signal data.
According to Netpicks, many traders opt to trade in currency pairs because the forex market offers significant liquidity. This is one of the main characteristics of the forex market. On a good day, around $5.2 trillion can be traded on the forex market. Other characteristics include high liquidity benefit for retail traders and limited trading options for traders. More on netpicks.com.
Leveraging is also another option that forex traders are allowed to venture in. It involves traders being allowed to use a small amount of the total investment they have made with the aid of a margin account. Traders looking to have margin accounts will have to search for brokers dealing with leveraging trading.
Netpicks advises new traders to fully understand how the forex market works so as to avoid making serious mistakes. They further advise traders to be conversant with the emerging political and financial stories happening around the world because it will help them make sound trading decisions.