Netpicks is a company that focuses on helping traders to attain success financially. This company was established in 1996 by Mark Soberman who is currently the CEO of the company. Since then, it has been in the forefront in providing trading education in the future and forex trading. The company has its headquarters in Irving, Texas
Forex trading, according to netpicks, is investing in movements of currencies. Forex trade is mainly on speculating the rise and fall of currency. This form of business allows traders to trade currency in various parts of the world (analystoffinance.com). They are two forms of practicing the trade which is electronically, and over the counter in financial exchange centres based in major cities around the world, these cities include; New York, Paris, Tokyo, London and Sydney.
Netpicks provides the traders with live signals and charts to help them in the trade (Dailyforexreport.com). In the forex trade, there consist of many forms of trading. Some of these forms include; spot trading, swing trading, options trading, future markets and future markets. Most traders prefer spot trading while most business owners go for future and forward markets. Forex trading uses some specific terms in their trades. Some standard words used in forex trading include PIP which is price interest point. This means a loss or a gain, Bid price which refers to the cost of traders who are selling their currency, ask price which refers to the cost currently of the purchase of currency and spread which means the difference between ask and bid price.
Forex market is limited, that is it has few options regarding the currency pairs, another characteristic is that it is very liquid and out of this liquidity retail traders benefit from it. The company staff advice traders especially ones who want to join the forex market to clearly study it before engaging in any trade and to make wise decisions without being attached emotionally to their efforts. The Netpick staff works day and night tirelessly to ensure that their clients are pleased and satisfied with their services.
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