South Africa An Ideal Time Zone For New Online Trading Room Says PFR
proforexroom
Online Forex trading room, proforexroom.com said today it was opening
enrollments for South African clients. "The time zone is ideal" PFR
said. "We operate our trading room during Central European Time and
therefore unlike traditional US based rooms our room is open during
the daylight hours in a more realistic time zone". Successful in the
European market in countries such as UK, Germany, France, Italy and
Europe generally, PFR as its commonly referred to provides Forex
trader training and education services online. Trading live is
challenging, so the right online information and education is
important to ensure longer term survival PFR said today.
Bengaluru, Uttar Pradesh, April 7, 2010 /India PRwire/ -- "Cost
effective trader training for South African Forex traders is now in
reach - whether beginning traders or experienced, PFR offers a unique
trading room opportunity within the European time zone"
"Currency traders in South Africa now have an online training provider
coaching them in Forex trading". PFR said today. Proforexroom.com has
been operating since January 2010 and already has proven popular in
Europe and the time zones of Central European Time. "We open the
trading room around 8am CET and close around 6pm CET. We have a
single, professional trader who provides the training whereby he is
making trades throughout the day during the European session. You can
watch and learn, even mimic the trading on your online demo platform
which can be downloaded Free from most online forex brokers".
"The retail currency sector has been booming in recent years as online
systems have been opened up and allowed traders to create a new home
based business. Along with ease of entry and proliferation of news
websites, charting systems, trading systems, education sources, books
etc has opened up the traders to thinking trading is easy... its not.
Theres a lot of skill to going into a trade and you need the right
trading system to do so. A trader needs to have a lot of discipline
and from getting up in the morning, having the right trading plan,
money management, precise entry and exit rules etc." said PFR. PFR
went on to further say "being in a trading room environment helps
provide trader discipline to new traders and beginners alike, some of
our traders are seasoned, experienced traders themselves who have been
long term currency traders in the market. They have been through the
education process trying many courses, systems etc"
"Some people think that buying a robotic forex trading system like a
expert advisor EA is a way to easy wealth. These systems are marketed
as if someone can set and forget system and just leave the Expert
Advisor (EA as its commonly called) on 24/7 on a Virtual private
server or virtual desktop and thats it. Little do they realise that
markets change and the settings dont and therefore come back to a
shocking loss when the market volatility changes or goes quiet during
the summer season when the markets are quiet and then trend in a
direction long or short when everyone comes back from holidays. Its
important to have a dynamic trading system that changes with the
market and having the live trading room experience is another
important element to this. Trades are happening there live in the
room, you can see the market right there on the spot. Theres no curve
fitting of charts... its trading at the right hand side of the chart
stuff as they normally call it. We provide basic level of resources
for you to understand.
"Sth. Africa .za time zone is ideal" - PFR
Proforexroom Opens Up Trading Opportunities And Education To Traders
In India and Asia" - PFR
Online education provider Proforexroom.com announced today an
expansion of its training and education services targetting India and
Asia. PFR as the company is commonly referred to online and in chat
forums is an online Foreign Exchange trader training organisation
working live during the market session. "We (PFR) trade during the
European trading session (8am CET to 6 pm Central European Time),
"..Generally there is minimal opportunities during the Asian session
and therefore we go where there is appropriate trading volume and
volatility".
"Flexibility to work from home - a home based business that is simple
and can make money" - PFR
PFR said today that its company provided an opportunity for "live"
training in foreign exchange trading as the market unfolded in real
time.
"... Theres no curve fitting of technical charts, the market is
happening as the trainer is speaking... he is making trades live
entering and exiting the market and guiding members along the way who
have the choice to mimic trades on a live or demonstration
account...This is trading in the raw, live trades using real live
situations not paper trading"
"... it must be remembered that Forex is the worlds biggest traded
market with over $3 trillion in currencies transacted per day... along
with this comes risks involved. Clients find it easy to open up a
broker account whether they are in Europe, Malta, Australia, India,
Hong Kong or Indonesia. Anywhere you can trade, but trading is also
risky when it involves leverage with some brokers offering 1:200
leverage. Online web trading platforms can be easily downloaded and
money deposited into a live account through a visa card system
http://www.visa.com or paypal http://www.paypal.com... its this ease
of entry into the market that creates extreme risks to the traders
capital. People often think trading the financial markets is easy but
its not, it takes a lot of trader education, books, etc. Essentially
the room is getting traders up to speed to trade safely, quickly in a
short space of time using disciplined trading techniques and
strategies that were reserved for professional bank traders before"
Before you trade however PFR warned you need to have an evaluation of
your risk profile and see if its money you can afford to lose. That
said, if careful assessment is done and professional advice sought
currency trading is the perfect home based business for startups.
There is no staff to employ and overhead costs are minimal.
"We are excited to be moving into the India and Asian region...
Classes are conducted during the European session and generally the
market is active during this period of time especially in the European
currencies traded such as the Euro, Pound, Pound Swiss, Swiss franc
and Japanese Yen crosses. The time frame works well for Indian
traders, Chinese traders to South East Asian regions around Indonesia,
Hong Kong and Australia. Members can see the traders screen live, hear
the trader talking through trades from trade setup, trade entry,
placement of stops, complete money management of the trades through to
exit of the trade. This is a perfect way to learn and gain the
necessary trader psychology to stay in the market for a longer term
period through complete forex education."
As part of the expansion, PFR annouced a 2 week FREE trial offer. We
are offering new clients in the Asia Pacific region who want to learn
the PFR system a free 2 week trial to the trading room. You can
effectively hear the trader making trade calls in both English and
Italian languages.
"This is a great opportunity to learn and earn... Trialists who go
onto join the room receive other benefits including a minimum pip
guarantee per month, rebates on trades and the like including chat
room support. Anyone who wants a trial simply has to go to our website
http://www.proforexroom.com and record their details ... its that
simple and they will be given a login and password to enter into the
room."
" Right now, South African traders can trial the room for free for 2
weeks. Simply go to the website" PFR said "theres a section there
where Trialists can register" ... "essentially this is a fantastic
opportunity for a free training in Forex trading. Who else offers at
the moment nearly 100 hours (2 weeks equivalent) of free training to
new traders. After two weeks even if you dont take up a membership to
the room you will have learnt something such as swing trading,
charting, technical analysis concepts, had a look at the way the
market dynamics of the currency market work and seen a live forex
trading session in action. Registration is simple and theres no credit
card required upon registration".
Notes to Editor
PFR is a global online education provider of Forex trader training.
The companies website is http://www.proforexroom.com -
Proforexroom.com offers cost effective training for traders in trading
foreign exchange during the European trading session (approximately 10
hours per day) and currently offers a free trial to prospective
members in Australia, India and Asia. Forex is a $3 trillion dollar a
day market. It is recommended that professional advice be sought from
your lawyer or accountant, financial advisor prior to making any
trades in the foreign exchange market and money to trade should
represent "risk capital" only.
PFR can also provide cost effective corporate training for groups of 5
or more traders in webinar format.