| By :
Dave Titley
ForexYard was established in 2004. They offer a Free Practice Account, which is easy to open. They also offer a Free Trading Course upon registration which explains the basics of the Forex Trading Market. As well as the free course, you get several well written tutorials, explaining common technical indicators for their trading platform. For beginning traders in Forex, there is in My opinion, no better place to start than with ForexYard. You get the option of a web-based or download trading platform, with flexible margins and extra features not available at other retail brokers. They have great customer service and are always willing to give advice to new traders. You can make contact by Telephone, Email, or Live Chat. The Super Mini Account gives you the minimum risk, with maximum feel and experience. ForexYard accounts begin with as little as $100, and the Standard Account caters for deposits above $1000. To trade in commodities, you will need to open a Standard account: Gold, Oil, and Silver. Deposit options: Neteller, Creditcard, Bank transfer and Paypal. Free demo accounts with unlimited practice money. Bonus for new clients. You get $100 free for a $1000 deposit, or receive $50 to $300 cash back. The ForexYard website is easy to navigate, with clearly explained instructions. Trading in CDF brings all the benefits of owning a commodity, but without having to actually own it personally.
Much like trading in the foreign exchange (Forex) market, CFDs are instantaneous exchanges of contracts between buyers and sellers with an agreement to exchange the difference in value upon closing the contract. You can buy (go Long) or sell (go Short) any index or commodity with no worries of strange and difficult to understand rules prevalent in other markets. Trading a CDF has the major advantage of leverage margin opportunities. CFD trading means clients can trade a full portfolio of indices or commodities without having to tie up large amounts of capital in the process. Risks can be Managed by using Stop and Limit orders, which are commonly used when trading Forex. They allow the trading of a wide array of market indices which represent some of the most significant markets worldwide. Now you can buy and sell indices like the NASDAQ 100, Dow Jones Industrial, S&P 500, and the Nikkei 225, just to name a few,all at a click of a button. As with equity market indices, the CFD market also allows for the instant exchange of shares in the commodities market. Two of the most relevant and exciting of these markets - Crude Oil and Precious Metals - are available to clients operating on a Standard/Pro Trading Account. Overall, Forex Yard provide a very reliable and professional service for the beginner and the Pro.
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