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DMX Markets

DMX Markets Review: Trade Financial Markets With Confidence

DMX Markets is a Forex and Cryptocurrency trading broker that has been in control for a while, and those who used the platform enjoyed its features.

Today, we’ll be talking about DMX Markets and how the brokerage platform works. In this article, you’ll find more reasons why you should actually start using the service for Forex trading and other market opportunities.

But before we go into the primary detailed information in this article, let us introduce you to DMX Markets. 

Are they legit?

Well, we will answer all your questions below. All you have to do is to grab your cup of coffee and sip with this discussion. Make sure you follow up for better understanding.

What is DMX Markets?

DMX Markets is one of the most trusted Online Forex (FX) trading brokers. It provides traders across the globe with cutting-edge Forex trading technology to offer unmatched top tier liquidity, institutional grade spreads, and the security of tight financial regulation.

Not like other platforms, With DMX Markets, you can gain access to the financial markets safely.

As a trader, apart from trading to make some money for yourself, DMX Markets empowers its traders by offering them the best online trading functionalities. These tools help you stay in charge of your trades and manage losses in the best possible way.

DMX Markets have some of their products in which you might find interesting. These products include: 

  • Forex
  • Indices
  • Commodities
  • Stocks

1. Forex 

The foreign exchange market is a decentralized global market for the trading of currencies and also reacts to global news, events, and economic policies.  

The foreign exchange market does not set a currency’s absolute value but rather determines its relative value by setting the market price of one currency if paid for with another. The large players in the Forex market include investment banks, central banks, hedge funds, and other commercial companies.

How to trade in Forex using DMX Markets

You can trade the forex market using DMX Markets by taking the following steps:

  • Create and fund your account
  • Choose a currency pair
  • Decide on the type of FX trade 
  • Decide to buy or sell 
  • Adding orders
  • Monitor and close your trade
  • Closing your trade

2. Indices 

Indices is a measurement of the price performance of a group of shares from a particular exchange. CFDs are what is traded in DMX Markets and they are measured properly across a segment of the leading market Equity/Stock indices.

How to trade in Indices using DMX Markets

To trade in Indices using DMX Markets, here are what you should do and consider:

  • Find an index 
  • Choose whether to Spread bet or trade 
  • Decide whether the market is bullish or bearish
  • Placing your Indices trade 
  • Monitoring and closing your trade 
  1. Commodities

The commodities market refers to the aspect of the financial market that deals with raw materials. It’s also known as a ‘primary economic sector’ and contributes massively to the growth of every nation’s economy.

With DMX Markets, you can access the major commodity markets such as oil and precious metals. They are natural resources traded on exchanges around the world. Traders are assisted in their pursuit of long and short term strategies where commodity trading has the potential to reap lucrative rewards.

How to trade in Commodities using DMX Markets

To trade in Commodities using DMX Markets, here are what you should do and consider.

  • Choose your market
  • Decide to buy or sell
  • Enter a trade size 
  • Manage your risk
  • Monitor your position
  • Close your position

4. Stocks 

The total value of equity trading globally is estimated to be over $25 trillion, with the stock market representing the primary entry point for investors. 

Trading and profiting from stocks for most of the world’s most popular and even undervalued companies is a path to wealth that many, including famous investor Warren Buffet, gained from in the last century.

DMX Markets already have the experts on hand, tools in place, and timely news reports so that traders can make informed decisions to trade Stock CFDs on global markets.

How to trade in Stocks using DMX Markets

To trade in Stocks using DMX Markets, here are what you should do and consider.

  • Open a brokerage account
  • Set a stock trading budget
  • Learn to use market orders and limit orders
  • Set up a practice stock-trading account
  • Measure your returns against an appropriate benchmark
  • Keep your perspective.

See Also:

8 Investments Mistakes to Avoid as a Beginner

Reasons To Trade With DMX Markets

Trading the financial markets using DMX Markets as a broker brings massive benefits both for those who are new to trading and experienced traders. Here are some of the most apparent:

A Registered Broker

DMX Markets is the brand name for Digital C Media, with the registered address Suite 305, Griffith Corporate Centre Beachmont, P.O Box 1510, Kingstown Saint Vincent And The Grenadines, a southern Caribbean nation.

While it is true that operating offshore allows brokers to enjoy lower regulatory burden, it provides an avenue for brokers like DMX Markets to thrive and offer services such as maximum leverage trading on certain assets.

Leveraged Trading

As we noted in the earlier paragraph, DMX offers leverage trading to allow traders to make the most out of favorable trades. Note, however, that leverage trading is risky since you could lose as much money as you could gain on bad trades.

We recommend that beginners trade with a lower leverage trading ratio, and increase their positions as their appetite and experience increases.

Meanwhile, trading instead of holding investments helps you to maximize your profit potential by trading on both rising or falling market positions.

Demo Trading Account

A demo account provides the opportunity for beginners to feel the heat of the financial market without putting any money on the line. DMX Markets offers a demo trading functionality, although, as with most brokers, you have to register on the platform to access this feature.

Terms Used In DMX Markets

Whenever you want to join any platform,you need to understand some of the terms that are sometimes being used. There might be some words mentioned in this broker that you might find interesting.

It’s essential for everyone to know what they are about to go into, with the following information being especially helpful for beginners.

Long Position

If you believe that the price of the underlying asset is rising, you would open a “Long Position”, meaning that in order to make a profit out of this trade, the price when closing the position should be higher than the opening price.

Short Position

In contrast, if you think that the price of the underlying asset will be dropping, open a “Short Position”, meaning that when closing the trade, the price should be lower than the opening price.

CFD

CFD is also known as a contract for difference. This can also be understood as the contract between two parties, typically described as “buyer” and “seller”, stipulating that the buyer will pay to the seller the difference between the current value of an asset and its value at contract time.

AML

AML is also known as Anti Money Laundering. This refers to a set of laws, regulations, and procedures intended to prevent criminals from disguising illegally obtained funds as legitimate income. 

OTC

OTC is also known as Over-the-Counter or off-exchange. This kind of trading is actually done directly between two parties, without the supervision of an exchange. It is contrasted with exchange trading, which occurs via exchanges. 

PSP License

PSP License is also known as payment system providers. This is an online service for accepting electronic payments by a variety of payment methods including credit card, bank-based payments such as direct debit, bank transfer, and real-time bank transfer based on online banking.

Is DMX Markets Safe?

Not like other brokers you’ve come across that their security and privacy isn’t secured. 

In  DMX Markets, your privacy is their priority and your security is very much important to them.

Your personal information is well secured.

Some personal information will be required from you.

Such as:

  • Your name
  • Address
  • Date of birth 
  • Occupation
  • Information about your transactions
  • You will have to verify your identity (passport, ID card or other receipts not affiliated with DMX Markets)

This broker has created a very perfect system for everyone and has chosen an excellent trading platform for its traders from all parts of the world. Trading with this broker is safe, especially knowing that you are signing up with a regulated broker.

See Also:

Wize Capital Review

Extra Tip for Beginner Traders

There are a handful of tools for understanding potential market moves, but the two used most frequently includes:

  • Technical Analysis
  • Economic Calendars

Technical Analysis

A technical analysis is a means of examining and predicting price movements in the financial markets, by using historical price charts and market statistics. It is based on the idea that if a trader can identify previous market patterns, they can form a fairly accurate prediction of future price trajectories.

Technical analysis can also be applied to a lot of different financial systems, and is especially useful in Forex trading. 

The Foreign Exchange markets have such a large volume of data for just 24 hours that enables you to make an analysis based on that short time frame since there would have been a lot of movement.

A lot of DMX Markets traders also use technical analysis for different markets such as commodities, equities, currencies, and others.

Many believe that technical analysis has created self-fulfilling trading rules: As more and more traders use the same indicators to find support and resistance levels, there will be more buyers and sellers congregated around the same price points, and the patterns will inevitably be repeated.

Technical analysis is quick and less expensive when compared with other methods of studying market moves. Additionally, it provides early signal, allows traders to set up entry and exit points, and also covers vital trend analysis.

Understanding the Economic calendar

An economic calendar is usually used by investors to monitor market-moving events, such as economic indicators and monetary policy decisions. Market-moving events, which are typically announced or released in a report, have a high probability of impacting the financial markets. 

An economic calendar has so many benefits for traders which include:

  • Being able to manage risk effectively
  • Being in a position to plan ahead
  • Having access to extra, helpful features for customisation
  • Planning Ahead
  • Risk Management
  • Progress tracking

How to Use the Economic Calendar

One of the great things about Economic Calendars is that you can customize them to focus on information that is most important to you and your trading strategies.

You can also set the calendar for the current day, yesterday, or the future to see what type of information has been or will be released. This is a fantastic tool when trying to forecast market movements and take advantage of opportunities.

There are also some Important Events to Watch for on the Economic Calendar. Following up these events will be of great benefit to you as a trader in DMX Markets. 

They are:

  • GPD
  • Unemployment
  • Interest Rate
  • CPI and inflation.

GDP: GDP is also known as Gross Domestic Product. GDP is the figure that can be used to understand if a country’s economy is growing or shrinking. Usually, every country sees some growth, but how much is important. If Nigerian’s growth is outpacing the growth of Canada, that is important to the exchange rates of their respective currencies. In general, growth should be beating the country’s inflation.

Unemployment: This helps to know if there’s any available job. Usually compare it to previous data to see if an economy added more jobs, lost jobs, or had no change. This can often be a better indicator of how the economy is really doing as opposed to GDP. 

Zikel Designs

Interest Rate: Most countries in the world have a central bank that determines the interest rate for banks in that country when loaning money to each other. Generally speaking, a lower interest rate is better for economic growth, but there are some exceptions.

CPI and inflation: CPI also means Consumer Price Index. are ways to understand a country’s ability to purchase goods and services. If a country’s growth isn’t outpacing it’s prices, it is bad news for people in those countries.

Final Words on DMX Markets

Whether you’re new to trading or an experienced trader looking to try out a new brokerage platform, you can use DMX Markets. Being fairly new, however, means that their service still could be improved significantly, although it currently offers most of the tools you need to become a successful investor or trader.

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