Brokers’ Update – MCM FX Launches Workshops and ThinkForex Expands

In our latest daily digest of news from across the global retail trading industry, we note that brokers are taking steps to help clients become more informed traders. This is seen as MCM FX launches educational workshops and Admiral Markets releases a trading calculator.

Additionally today, we saw two developments from the UK market. First, ThinkForex announced the opening of its London office, a move that was expected since the Australian broker obtained an FCA license. Second, the shareholders of LSE-listed gaming and trading giant Playtech approved the acquisition of Plus500 with 100% of the votes cast for the motion, at a general meeting held this morning

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UK-based broker MCM FX has started cooperating with technology provider GWAZY Ltd. to offer educational workshops in order for beginners to familiarize themselves with the GWAZY trading method and platform.

MCM FX is offering three types of packages. The ‘GWAZY for Starters’ workshop includes a 2-hour training programme and a live trading account worth $50. The ‘GWAZY Gold’ workshop includes a 3-hour training programme and a live trading account worth $150. The ‘GWAZY Deluxe’ workshop includes an intensive 4-hour training programme and a live trading account worth $250.

The training programmes will be conducted by the professional FX trader Paul Wallace, who the company explains has over 20 years of experience in trading, performance coaching and trading education.

Admiral Markets announced that it is launching Trading Calculator, which is now available on the website. The Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term & CFD trading calculator will help to estimate trades' profit or loss and compare the results for different opening and closing rates that could be both historical or hypothetical.

The company explains that the trading calculator will help its clients to calculate: the potential profit and also the risks of a trade; the required margin for positions; Swap costs for holding overnight; recognize not only the cost of the order, but also the pip value of a given financial instrument; understand the margin change depending on the respective Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term and more.