Why use a Forex broker, and the benefits of customized contracts

In the modern world technology allows information to be shared immediately and as a result people are becoming a financial expert. We are poor exchange rates offered by high street banks, such as the perception that the bank as the most effective method to transfer quickly and badly eroded exhausting Becoming.
FX forex brokers work as professionals and usually offer rates that are much narrower than the big banks, this means more money in your pocket!

The advantages of using a broker is not all, service customers of big banks completely impersonal and often do not speak to a currency. That means (among other things) that do not speak, you are one of market movements and explain other options that are tailored to the contract will save you money. Some of the options on the transfer of its currency:

    Spot contracts
    Forward contracts
    Limit and stop-loss orders


Most foreign currency transfers, especially by banks are cash contracts. This is where a guy agrees to the "point" to reach an agreement within a limited time and money saved in a currency other than an almost immediate term. These types of contracts are particularly useful when the funds are urgently needed, but normally used throughout the industry. One of the main criticisms of the clients in the transfer of funds is left is a tendency to transfer funds to the right until the last minute while negotiating the same will find that an additional $ 1,500 of a property are to rely on the mercy of exchange rates when sending money abroad. On a £ 200,000 purchase of foreign currency of a 1% movement in GBP / USD (cable shift) will cost an additional $ 3,000. Choosing the right time to make its exchange rate and the guarantee of getting a good price with a currency specialist at a bank will save thousands of dollars in shipping.
It is a forward contract that is right for me?

Communication is the best opportunity to achieve a good rate of change is crucial. If you leave a time frame where the funds are available, then a forward contract can be used to maximize transfer.
Futures contracts are a great tool in your currency transfers to protect against risks. It is said that 97% of people that the loss of speculation in the currency markets, an alarming statistic, especially since many of these people themselves as experts. If you know a certain amount of money in a house, not a fee agreement that indeed the risk that the acquisition is moving at the rate (which makes it about every 3 seconds!) Must be resolved. Again, for most of us purchase is provided a considerable amount (if not all) of our savings, and therefore is always the best rate of the highest importance. If the rate moves against you (the difference between the last high and low in EUR / USD week was about 3%), then the purchase of the property could be a $ 400,000 plus € 8,190.24, depending on when the transfer their cost, and this is little more than a week!

Using a forward contract to remove the mercy of the markets, including whether to increase the risk of the market, but certainly moves better, safer option than the market risk and not against you to a rate tied to it? At least for the price you have additional information that you can plan accurately the amount of funds have to play with and you can be sure that the transfer will be affordable.
What is a limit and stop / loss orders and how is it used?

Limit orders and stop loss are another way to protect your funds from market movements. Limit orders allow the transfer to be processed automatically if they meet a certain level. For example, if the market average is 1.18 (GBP / EUR exchange rate at the time), and wants at least £ 120,000 € 100,000 of the transfer, you can fill a limit to your order automatically if the market moves in your favor (It should be noted that the mid-market rate to move up to get to 1.20 to 1.20). The limits are often used in combination with stop-loss orders.
In the same transfer, if the worst case, you have € 110 000 will be prohibitively expensive for the purchase or transfer then a stop loss order can be placed. As a stop limit, you can use to protect their rate of loss of market movements, if the markets move very close to 1.10, then your rate will be full, so it is no worse that 110,000 € £ 100.000 of the bank transfer achieved.
Can you influence the conversation with your forex broker specializing in all these options as well as all versions of the necessary data from the transfer will be explained. The publication of large data (decisions of interest rates, GDP, inflation and housing numbers), it is rare that markets go up or down to 1% in seconds.
If you have any requirement, please contact currencies come into contact, and I would be more than happy to explain exactly how you can take advantage of these options.