Sales Forecast Publicity and Advertising Strategy Our Pricing Strategy Startup Expenditure Budget Sustainability and Expansion Strategy 1. Industry Overview The financial services industry is indeed a broad industry and one of the active line of businesses in the industry that any entrepreneur who have solid understanding on how foreign exchange works is to either start a Forex brokerage firm or to launch an online Forex trading business.

A non-bank foreign exchange company also known as foreign exchange broker or simply Forex broker is a company that offers currency exchange and international payments to private individuals and companies. The term is typically used for currency exchange companies that offer physical delivery rather than speculative trading. As a Forex brokerage company, your responsibility is to provide Forex trading platform for retail Forex traders.

So what you need to do is to hire experts to help you develop a user friendly Forex trading platform. Your trading platform must be secured and easy to navigate. It is also important to make use of secured payment portal and also Forex traders should be able to withdraw their earnings without stress.

The truth is that the numbers of people that register and trade on your Forex trading platform is what will determine the money you will make. In order to attract people to your trading platform, you should develop Forex trading demo; a learning tool for Forex trading. The Forex Brokerage Services industry is indeed in a mature stage of its growth. The industry is characterized by growth in line with the overall outlook of the economy, consolidation from the largest players in the industry and wholehearted market acceptance of industry products currencies from different nations and services.

The Forex Brokerage services line of business will continue to be in high demand by business establishment in the united states, most especially as the number of businesses and international trade increases. Manufacturing industries and other corporate organizations are also expected to continue to source for Forex especially when they are involved in intentional trade or have international business partners. The Forex Brokerage Services industry is indeed a large industry and pretty much active in countries such as United States of America, United Kingdom, France, Italy, Nigeria, South Africa Japan, China, Germany, and Canada et al.

Over and above, starting a Forex brokerage firm requires professionalism and good grasp of our foreign exchange works on a global platform. Besides, you would need to get the required certifications and license and also meet the standard capitalization for such business before you can be allowed to start a Forex brokerage firm in the United States; the industry is heavily regulated to guide against fraud and criminality.

Executive Summary Freeman Jones Forex Brokerage Firm, LLC is a registered and licensed Forex brokerage company that will be located in the heart of Las Vegas — Nevada. The company will be involved in dealing in currencies from leading countries of the world whose currencies are traded in the United States of America.

Aside from the fact that we will serve as a bureau de change for business and individuals who want to buy or sell foreign currencies, we will also engage in Forex trading on the internet. We are aware that to run an all — round and standard Forex brokerage firm can be demanding which is why we are well trained, certified and equipped to perform excellently well.

We will offer a standard and professional Forex services to all to our individual clients, and corporate clients. We will ensure that we hire professionals who are well experienced in the Forex bureau firms industry with strong bias in online Forex trading.

Freeman Jones Forex Brokerage Firm, LLC will at all times demonstrate her commitment to sustainability, both individually and as a firm, by actively participating in our communities and integrating sustainable business practices wherever possible. We will cultivate a working environment that provides a human, sustainable approach to earning a living, and living in our world, for our partners, employees and for our clients. Our plan is to position the business to become the leading brand in the Forex brokerage services line of business in the whole of Nevada, and also to be amongst the top 20 Forex brokerage firms in the United States of America within the first 10 years of fully launching the business.

This might look too tall a dream but we are optimistic that this will surely be realized because we have done our research and feasibility studies and we are enthusiastic and confident that Las Vegas is the right place to launch our Forex brokerage cum Forex trading company before sourcing for clients from other cities in The United States of America.

Freeman Jones Forex Brokerage Firm, LLC is founded by, Mr. Freeman Jones and his family. Freeman Jones is Forex trader per excellence with adequate results to show for it.

He has well over 15 years of experience working at various capacity within the financial consulting industry with strong bias for Forex in the United States of America. Freeman Jones graduated from both University of California — Berkley with a Degree in Accounting, and University of Harvard MSc. Finance and he is a chartered account. Our Products and Services Freeman Jones Forex Brokerage Firm, LLC is going to offer varieties of services within the scope of the Forex brokerage services industry in the United States of America and of course on the global stage.

Our intention of starting our Forex brokerage firm in Las Vegas — Nevada is to leverage on the opportunities available in the city. We are well prepared to make profits from the industry and we will do all that is permitted by the law in the United States to achieve our business goals, aim and ambition.

Our business offering are listed below; Trade Forex on behalf of our clients both corporate clients and individual clients Buy and sell Forex from leading countries of the world Provide other related Forex and financial consulting and advisory services 4.

Our Mission and Vision Statement Our vision is to build a Forex brokerage services brand that will become the number one choice for individuals, smaller businesses and corporate clients in the whole of Las Vegas — Nevada. Our vision reflects our values: integrity, security, service, excellence and teamwork. Our mission is to provide professional, reliable and trusted Forex trading and Forex brokerage services that assist start — ups, corporate organization, manufacturing companies and non-profit organizations in sorting out their foreign exchange and financial related concerns.

We will position the business to become the leading brand in the bookkeeping and payroll services line of business in the whole of Nevada, and also to be amongst the top 20 bookkeeping and payroll services firms in the United States of America within the first 10 years of operations. Our Business Structure Freeman Jones Forex Brokerage Firm, LLC, is a Forex brokerage cum Forex trading firm that intend starting small in Las Vegas — Nevada, but hope to grow big in order to compete favorably with leading Forex brokerage cum Forex trading firms in the industry both in the United States and on a global stage.

We are aware of the importance of building a solid business structure that can support the picture of the kind of world class business we want to own. This is why we are committed to only hire the best hands within our area of operations. Ordinarily we would have settled for two or three staff members and settle for just online Forex trading services, but as part of our plan to build a standard Forex brokerage services firm in Las Vegas — Nevada that will also be involved in buying and selling of Forex, hence we have perfected plans to get it right from the beginning.

The picture of the kind of Forex brokerage services business we intend building and the business goals we want to achieve is what informed the amount we are ready to pay for the best hands available in and around Las Vegas — Nevada as long as they are willing and ready to work with us to achieve our business goals and objectives.

At Freeman Jones Forex Brokerage Firm, LLC, we will ensure that we hire people that are qualified, hardworking, and creative, result driven, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders the owners, workforce, and customers.

As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of five years or more as agreed by the board of trustees of the company. Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.

Defines job positions for recruitment and managing interviewing process Carries out staff induction for new team members Responsible for training, evaluation and assessment of employees Responsible for arranging travel, meetings and appointments Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.

Oversee the smooth running of the daily office activities. Marketing and Sales Executive Identifies, prioritizes, and reaches out to new partners, and business opportunities et al Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of relevant projects.

Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions. Responsible for financial forecasting and risks analysis. Performs cash management, general ledger accounting, and financial reporting for one or more properties.

SWOT Analysis Freeman Jones Forex Brokerage Firm, LLC engaged the services of a core professional in the area of business consulting and structuring to assist our organization in building a well — structured Forex brokerage cum Forex trading firm that can favorably compete in the highly competitive Forex market in the United States and the world at large.

Part of what the team of business consultant did was to work with the management of our organization in conducting a SWOT analysis for Freeman Jones Forex Brokerage Firm, LLC. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Freeman Jones Forex Brokerage Firm, LLC; Strength: Our core strength lies in the power of our team; our workforce. We have a team that can go all the way to give our clients value for their money; a team that are trained and equipped to pay attention to details and to deliver excellent returns whenever our clients engage our services to trade Forex for them.

We are well positioned and we know we will attract loads of clients from the first day we open our doors for business. Weakness: As a new Forex brokerage cum Forex trading firm in Las Vegas — Nevada, it might take some time for our organization to break into the market and gain acceptance especially from corporate clients in the already saturated Forex brokerage services industry; that is perhaps our major weakness. So also, we may not have the required cash to leverage on the opportunities of buying huge Forex as permitted by the law of the United States when such opportunity present itself to us.

So also, we may not have enough budget to give our business the kind of publicity we would have loved to. As a standard and well — positioned Forex brokerage cum Forex trading firm, we are well — equipped and ready to take advantage of any opportunity that comes our way.

There is hardly anything we can do as regards these threats other than to be optimistic that things will continue to work for our good. MARKET ANALYSIS Market Trends The Forex brokerage cum Forex trading services industry is indeed a very large industry and of course it is one industry that works for businesses across different industries. If you are conversant with the trend in the Forex brokerage cum Forex trading industry, you will agree that loads of businesses but in the United States and in other part of the world are becoming active in international trades hence the increase demand for Forex.

The truth is that, a company in the manufacturing sector that depend on raw materials from the international market, or a company actively involved in importing and exporting and of course international tourist and international students et al cannot effectively operate their business or fit into a new country without having the currency of the host nation.

Another notable trend in the Forex brokerage services industry is that in the last five years, the industry has performed impressively as a large reduction in unemployment boosted the revenue generated in the industry.

Featured below are the basic principles of Forex trading, risk management, and trading psychology. Following these principles does not necessarily guarantee that you will achieve profits in this highly volatile and enormously large market, but it can help. Without knowing the basics, it will be hard for you to profit in Forex.

Let's examine these key features of profitable Forex trading:. No matter what your trading strategy is, you should always have your stop-loss set. This is a trading parameter that enables you to define the closing price of your trade, and the trade will then be closed at this level automatically. In other words, once you have placed a stop-loss, you can rest safe in the knowledge that you will not lose more than you expect. This may not necessarily be applicable every time, as sometimes the market behaves erratically, and you can see some price gaps.

When a price gap happens, your stop-loss will not be executed at your predetermined level, but will instead be executed at the next available price— this may result in what is known as slippage. Some people try to comprehend trading as a game, where they have to beat the market, and once they start to lose this game, their nerves start to let them down.

First of all, trading is not a game, and you should never treat it like one. Forex trading is an exciting activity that is a mix of analysis and discipline. Instead, you should just understand them, rely on your analysis, and follow the rules you have established for yourself.

This is the ultimate key in how to profit from Forex. Emotions can spoil every trader's experience, and this is why it is vital to keep them separate from your trading.

If you feel down, do not trade. Equally, if you feel too happy or excited, you should also avoid trading. Feeling too confident about your trades can result in big losses.

However, this is easier said than done because emotions make us human. Let's hear from Jens Klatt, an experienced trader, about his expert opinion on mastering your trading emotions in the free webinar below.

How can you be profitable in Forex trading? Staying up-to-date with the latest news releases is definitely one way. A lot of market moves happen due to either news and announcements, or due to the expectations of news and announcements.

This is referred to as fundamental trading. What you have to be sure about is that even if you are a technical trader, you should still be paying sufficient attention to fundamental events, as such events are a key driver of market moves.

In other words, if you have a reliable trading strategy, and all of the technical indicators point to a long trade, make sure to check the Forex calendar and see if your trade is in line with the current news. Even if your technical setup works like a clock, fundamental news can be a game-changer.

Traders who are work for a firm can earn any salary in a very wide range. It depends on the specific trader's job title, the firm they work in and even the country and city they are in. Information from Glassdoor shows that the average salary of a Forex trader in London is £65, For comparison, at the current exchange rate, that amounts to around USD86, If you are interested in a full, in depth analysis of what a Forex trader salary is, depending on their job title, experience and location, have a look at this very comprehensive article , instead of going to Reddit and asking if you can make money from Forex trading.

Perhaps you've heard about automated trading EAs , and you're curious: Why not use automated trading in the Forex market? Occasionally, these EAs can be somewhat profitable.

EAs occasionally cash in as they focus on technical-analysis based aspects of Forex trading. However, many of these bots scalp the market, which means they set a wide stop-loss and cash in on small profits, which can lead to devastating losses for a trading account during a losing streak. The biggest disadvantage of automated trading systems in the Forex market is that there are a lot of scams. The people that consistently make profits with EAs are the people developing them.

To earn a profit trading Forex, you are best-off learning some tried and tested strategies and developing your own skill with them over time. Follow the rules provided above and, with some patience and dedication, you can get better at trading and mitigating your losses as a Forex trader. There is no golden rule here. Many people are looking for a direct answer to the question of how to gain profit in Forex? This is an easy way to start trading Forex, yet it's doubtful as to whether it can be a profitable one, especially in the long run.

The main thing to remember here is that to be profitable in the Forex market, you should mainly have more winning trades than losing ones. This, of course, is only applicable if your take-profit level is equal to the level of your stop-loss.

To put this message into other words and make them fit more easily into your trading strategy, we can say that to be profitable in Forex, you need to make more correct moves than incorrect ones. This generally depends on your trading strategy, and on the risks you are willing or are able to take.

Forex trading is performed on the margin — this means that the size of your trades can be a lot larger than the size of your deposit. In other words, you can trade much more than you have. This can potentially lead to very high profits from Forex. Unfortunately, the same also applies to your losses. Generally, profits and losses are almost unlimited in the Forex market. Mostly, it depends on your risk appetite, your trading strategy, and your level of understanding.

Start trading for skill instead of a profit, and in time, the profits should come with the skill. If you would like to learn more about profitable trading in the context of Forex trading strategies, why not check out our article on the Most Profitable Forex Trading System? Admirals is a multi-award winning, globally regulated Forex and CFD broker, offering trading on over 8, financial instruments via the world's most popular trading platforms: MetaTrader 4 and MetaTrader 5.

Start trading today! This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time.

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The major financial markets nowadays include foreign exchange markets Forex Trading Profitable , currency trading exchanges, and so on. Currency trading, often known as FX trading, involves trillions of dollars daily. Currency trading is progressively gaining traction in India. There is a lot more to discover in this area as there are many inquiries about how to make money and get profit in forex trading.

Forex is a market with a high risk. The most critical thing to ask yourself is whether or not you have a risk appetite. Not all deals will be profitable, and you must be prepared to lose some money. Are you willing to keep going despite a series of setbacks? If you do decide to trade in Forex, risk management should be part of your plan. This can help you reduce the hazards of trading while also allowing you to profit from it. This holds true for Forex just as much as it does for any other market.

If you think you have what it takes to trade Forex, go for it — but keep in mind that you should only trade with risk capital money that you can afford to lose without it affecting your living standards.

Portfolio diversification is a strategy that many successful professional traders employ. Trading Forex profitably necessitates the use of a well-defined strategy. There is no right or wrong approach to trade; what matters is that you choose the one that works best for you. You may discover that one trading technique works well for a certain currency pair in a particular market, while another approach works well for the same pair in a different market or under other market conditions.

Profitable Forex trading requires a high level of discipline, and having a plan in place will help you stay focused and avoid emotional trading, which has shown to be the downfall of many traders. It takes time to develop your plan. Beginners should practice trading on a Demo account for a while to get a feel for how the market operates.

Forex is a fantastic platform, and if you trade correctly, you may benefit from it. It allows you to make consistent money and become wealthy, but the caveat is that you must know your way around trading. Visit us : www. Your email address will not be published. This site uses Akismet to reduce spam. Learn how your comment data is processed.

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English Indonesian Portuguese Brazil Arabic. Our Pricing Strategy It is a fact that Forex trading both online and offline is driven by the demand of a certain currency which is why the prices cannot be fixed; prices for Forex fluctuates on a regular basis. When the leverage increases, the risk of investment will increase as well. In this article, we will discuss Forex trading profitability. Payment Options At Freeman Jones Forex Brokerage Firm, LLC our payment policy will be all inclusive because we are quite aware that different people prefer different payment options as it suits them. The absence of the above restrictions only helps you to make money on Forex.

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