Welcome to Noble Capital House, where our goal is to teach you all you need to know about Forex and point you on the path to profitability. By definition, Forex simply means foreign exchange or currency trading, and it is a decentralized international market where world’s major currencies are traded. The Forex market is unique since it is the largest market in the world with an average daily trading volume of $5.5 trillion. It is also the most liquid global market.
While trading Forex, you can buy and sell currencies 24 hours a day from Monday to Friday. Trading Forex can be tricky, but it can also be very simple. It is in some ways like trading stocks. Forex traders buy a currency pair if they expect its exchange rate will rise in the future and sell a currency pair if they expect its exchange rate will fall.
Let’s illustrate this. If Forex traders believe that the Great Britain currency will weaken against the dollar, they will likely sell the pound and buy the dollar. If the dollar strengthens, they have a higher purchasing power to buy the pound. Now they can buy back more pounds and make a profit.
There are immense benefits in trading Forex. We will explain below some of the most important benefits which can help to become a successful Forex trader:
These are just some of the reasons why online Forex trading has become very popular.
Complete the registration on our website and have a look at our online trading platform
Check an educational part of the site and become familiar with main Forex principles
Start trading and getting profit in the Forex market!
To become a successful Forex trader, a would-be trader needs more than money to start with. He/she needs a required skill set and a good deal of patience. Moreover, a trader should be able to identify good trading setups.
At Noble Capital House, our team of experts have installed a Web-trader platform for your convenience. This does not require any additional software asides your computer or smartphone, as long as such devices are equipped with the Internet and browser options. It is incredibly easy for anyone to begin the Forex trading and make a profit. Our Web-trader platform can be used to trade from any computer, operating system or browser, it allows one-click trading, gives you an access to full account histories, and supplies you with several time frames to choose from. Besides, you can use it from anywhere in the world. And if you install our mobile application it will be even easier for you.
Below we enumerated some steps to become a successful Forex trader:
At Noble Capital House, we have condensed all these steps into an easy one for you and taken the mystery out of the Forex trading. All you need is to open a Noble Capital House account and gain an immediate access to our Web-trader platform that doesn’t require any additional software. All you need is just your computer or smartphone with the Internet and browser capabilities, and you are ready to go.
Now that you are ready to start trading, your aim is to buy cheap, sell expensive, and make a profit in the process. Here are basic steps to trade Forex:
You will need to familiarize yourself with Forex terminology, such as base and quote currencies, exchange rates, long or short positions, bid and ask prices, and spreads. A base currency is the currency you spend/sell while purchasing a quote currency. Exchange rate shows how much you have to spend in a base currency to buy a quote currency. A long position means that you wish to buy a base currency and sell a quote currency; a short position means that you want to buy a quote currency and sell a base currency. A bid price is the best price at which you are willing to sell your quote currency on the market while the ask price is the best available price, at which you are willing to buy from the market. A spread is the difference between the bid price and the ask price.
There are always two numbers on a Forex quote. They are the bid price (on the left) and the ask price (on the right).
This decision should be as informed as possible. You can make this decision after making predictions about an economy (for example, if you believe that the U.S. economy is weakening and will further do so, then you probably want to sell dollars in exchange for a currency from a country where the economy is strong), or after reading economic reports (on issues such as GDP, inflation and employment). You may also arrive at your decision by looking at a country's trading position or by analyzing politics. For example, if a country is having an election, then the country's currency is expected to appreciate if the winner of the election has a fiscally responsible agenda.
To trade Forex successfully, you need to learn how to calculate your profit. Here is a quick example: If your Euro/US Dollar trade moves from 1.544 to 1.545, your currency value will by ten pips (a pip measures the change in value between two currencies with one pip usually equaling 0.0001 of a change in value). Then, multiply the number of pips that your account has changed by the exchange rate. This calculation will tell you how much your account has increased or decreased in value i.e. how much profit or loss you have made.
Now that you have learnt basic steps to trade Forex, here are additional pointers:
You need to be able to analyze the market, understand how the news affects the market and what trading strategies to employ. You may analyze the market through technical analysis (This involves reviewing charts or historical data to predict how the currency will move based on past events), fundamental analysis (Looking at country's economic fundamentals and using this information to influence trading decisions), and sentimental analysis (A largely subjective analysis based on guesses). Successful trading is often described as optimizing your risk with respect to your reward. Any trading strategy should have a disciplined method of limiting risks while making the most out of favorable market moves.
Always remember to stay calm and not to get unnecessarily emotional. The Forex market is volatile, and it is normal to see a lot of ups and downs even within a space of 24 hours. Do your research and stick with your strategy.
At Noble Capital House, we deal in all kinds of market assets - currencies, commodities, bonds, ETFs, indexes and stocks.
Each share in an index contributes towards the calculation of its overall value, with the index appreciating or depreciating in value depending on the collective performance of its stocks.
Welcome to our Education chapter, where you will find relevant resources that will help you to trade Forex, precious metals, and commodities with confidence.
We have an online library stocked with e-books, webinars for registered traders, video tutorials and articles.
We offer free education for traders, allowing them to gain valuable insight from our experts in the Forex market. Traders are also able to tap into our broad Video-on-Demand library at any hour of the day.
On our website, you will find content that will help both new and experienced traders.
It is always helpful to have access to educational resources, professional guidance and recommendations when you start trading Forex. While this may be gotten from an established Forex trainer, and Forex how-to books, we at Noble Capital House have designed this learning page especially for you.
There are some of resources we offer:
Ebooks: These are electronic versions of Forex “how to” books published and printed by Noble Capital House. They have been specifically designed to be read on a handheld device or a computer.
Articles: You can find the most popular and helpful Forex articles on our website. Written by professional currency traders, analysts and strategists, the articles are a good way to educate yourself and get familiar with the world of Forex trading.
Video tutorials: We have put together videos that provide practical information about Forex trading. We have made the videos to be more interactive and specific than our articles and e-books are.
Webinars: We from time to time hold webinars for our Platinum account holders. Through this, we are able to give participants in different locations the opportunity to see and hear our professional Forex instructor online, ask questions, and get the one on one help that they need.
Why don’t you take advantage of Noble Capital House’s training center by clicking on any of the links below? Remember, when you learn, you start making more money.
Now that you are ready to begin Forex trading, we have put together four different types of accounts that you may choose from. As with any other type of business, the more you invest in Forex trading, the higher the profits you can expect.
Our account types have different spreads and commissions, and each is classified according to the level of funds that you are ready to invest. No matter what account type you choose, each client gets free training, live phone support and e-books to ensure that they succeed at Forex trading. However, the more money you invest, the better features you enjoy.
Here are the types of client accounts that we offer:
Once again, you must note that the type of account you choose to open will affect the level of trade bonus you are entitled to. The higher the grade of your account (the more you deposit), the better the additional bonuses and features you are able to access.
Welcome to Noble Capital House. We are ready to serve you.