Starting Forex Trading in UAE-Forex Brokers Reviews

Here is list of Forex brokers if you are starting forex trading in UAE. You should be careful while choosing broker for online trading as all brokers are not regulated and trust worthy. Below list is my personal evaluation of forex brokers. When ever, you start trading, look for forex broker which is Regulated by any financial authority. For example, HY Markets is regulated by FSA UK.

UAE is becoming financial hub and more Forex brokers are moving here so there are lot of options but my advise is to be careful while dealing with unknown broker. Also you will find here lot of middle brokers so its better to directly trade with main forex broker rather than middle man.

Broker Name
Key Points
Rating

Regulated by DFSA and FSA-UKIn Market since 1977Offices in Hong Kong , London , United Arab EmiratesCustomer support available in English , Arabic , Chinese , Russian


Regulation: FSA (UK)Headquar…

UAE to Become a Forex Trading Hub in the GCC Region

The UAE is undoubtedly regarded as a commercial hub in the Gulf Region and not, it also set to emerge as a foreign exchange trading hub in the region, said a senior official of ADS Securities, the Abu Dhabi based Forex and commodities and trading platform. Claus Nouveau-Nikolajsen, ADS Securities, Head of Sales, GCC & MENA, states: “The UAE has been at the forefront of financial industry development in the GCC and offers the most conducive environment for the growth of the forex marketplace and infrastructure. Trading of both major and emerging market currencies in the UAE is on the rise, and with international trade growing rapidly, the need for currency management will only increase.  The expected upgrade of the UAE to emerging market status by index provider MSCI will have a significant impact on investment flows into the country, which in turn will also boost the country’s fore…

Standard Chartered Bank launched online Forex service

Standard Chartered Bank has announced the launch of enhanced online foreign exchange services through its secure banking platform Straight2Bank.  It brings a choice of 130 global currencies to the bank's clients in Bahrain, the UAE, Oman and Qatar. It is seamlessly accessible to all corporate clients through the platform. This added advantage allows clients to access international trade currencies within Straight2Bank - ultimately making currency payments for Middle East-Asia and intra-Middle East trade relationships faster and executed in a currency of choice. The product innovation saves clients' unnecessary costs in currency conversions and avoids the inherent risks associated with fluctuating currency rates - a challenge most traders face when dealing with trade partners outside their economies. Standard Chartered corporate clients can now access instantaneous foreign curr…

UAE Forex Trading - 3 Major mistakes

So often, people talk about the many potentials of Forex trading but very few ever mention the things and choices that people allow to interfere with their trading business. This article will focus on some of the mistakes that traders commit while not realizing that their success will be limited or destroyed overtime and how to successfully do UAE forex trading. 



Not Using The Stop Loss and Limit Order Feature
The Stop Loss and Limit Orders are helpful tools in helping traders enhance their profitability and minimizing their risks. A limit order allows you to set a predetermined profit of level and get you out of a position once that level is achieved. A stop loss on the other hand works similarly but will get you out of a position once your loss reached a predetermined level. If used the right way, these tools can help avoid or minimize catastrophic losses when trading.
Letting Your Emot…

Forex trading UAE - 3 facts you should know

There are a lot of hype and myths surrounding Forex trading UAE today. This is not a surprise though. With the vast amount of information in the Internet created by people who are looking to make money from selling Forex trading products and services, it is quiet easy to get deceived. It’s vital to know that Forex trading is not as easy and quick as many people in the Internet would have us believe. And by keeping these things in mind, one should be able make an informed decision whether or not Forex trading is for him. 

Below are some facts that anyone should understand before trading UAE Forex:
Success in Forex Trading Is Not Easy
There are a number of Forex brokers around the Internet that promise too-good-to-be-true results without experience and knowledge in Forex. This however is not the case at all. Otherwise, all people would be doing this to make a living. Fact is, Forex trading i…

Is Forex Trading For You? Ask Yourself These 3 Questions

Yesterday, I had talk with one lady who was interesting in Forex trading. She was excited about her friends who was doing Forex investment in Dubai gold trading but probably she is not aware of the risk evolve especially when you are new in UAE forex trading. With the Forex market being the largest financial market in the world having a $4 trillion trade a day volume, more and more people are becoming attracted to its potential as a money-maker.
While it is true that there had been thousands of people who are making off a living wage from Forex trading, this doesn’t mean that Forex trading is for everyone. Just like any other business, you need to devote a considerable amount of time and effort to realize profits from it.
After you have learned about the potential of Forex trading, you may be tempted to jump in the bandwagon, hoping that you’ll get a share from this massive financial mark…

Forex trading trends - UAE

UAE forex trading is hot trend now a days for many investors living here as its potential is huge. GCC countries, including UAE – the second biggest economy in the Middle East after Saudi Arabia continues to boom faster than any other region in the world. It is one of the few countries that have continued to grow in different aspects while the rest of the world plummeted because of the recession.
When it comes to trading, the UAE is one of the ideal places to be. With its highly developed offshore market and free trade zones, Dubai – the UAE’s primary commercial hub is known to be a globally regulated environment. The following are the emerging trends that I think have molded the online trading in Dubai over the past several years.
Trend #1: Forex Brokers Are Now Offering Dubai-Based Platforms
Dubai is distinctive among other offshore markets for its 100% ownership in free zones, no restr…