Forex trading in Qatar
In Qatar, the expat investors and Qatari investors are doing remarkably well with Forex trading. That’s the reason many Forex Brokers have now opened offices in Doha recently. The reason for the popularity of Forex trading in Qatar is the risk appetite of the investors, the investors from Doha can spare a portion of their portfolio for high-risk financial trading like Forex. Forex is the most exciting market among all financial markets. It is very much dynamic in nature and always moving, thus offers an opportunity to make money from the price fluctuations.
The forex traders exploit the smallest price fluctuation in currencies to make a profit and of course, make losses too. The Forex brokers give a leverage of 1,000 times the deposited capital, so you get to trade with $100,000 by making a deposit of $100. Using leverage increases your profit rate by many folds. But it does increase your loss rate many folds too, you may lose your capital very fast if the price moves against your trade. Hence you should use the leverage very carefully, and always with a stop-loss.
Forex Brokers in Qatar
While selecting a Forex broker in Qatar, you must choose the one with an excellent track record and advanced trading features. We have shortlisted few brokers with the high quality of service and lowest charges. You can always rely on these Forex Brokers in Qatar when safety and security of your funds are concerned.
|Broker Name||Features||Broker Review||Broker's Website|
|Regulated broker with Forex, CFD and Cryptocurrency trading.||IQ Option Review||Open Account|
|Regulated broker with up to 100% Bonus deposit.||HotForex Review||Open Account
|Regulated. Crowd Trading feature.||Trade360 Review||Open Account|
|Regulated broker.||iForex Review||Open Account|
There’re some of the finest Forex brokers in Qatar who can help you to get started with Forex trading in Qatar. These brokers offer you support and training in the Arabic language and provide telephonic support as and when you need them. While searching for ‘Forex Brokers Qatar‘, look for the well-established broker with many years of service in the industry. The new brokers in the market may pose a risk in terms of safety, security of your fund and transparency in trading.
Interestingly, a large number of investors are making returns that are outperforming the returns from equity markets. The key to succeeding in Forex trading lies in interpreting the currency price movements along with global financial news and happenings. One thing is clear, one can make money by trading currencies. But the new entrants to the market face a bewildering array of options, platforms, and terminology, so here’s a quick explanation to help understand Forex trading in Qatar.
What is Forex trading?
When you trade forex, you simultaneously buy one currency and sell the other. Hence the forex trading is always quoted in pairs, example EUR/USD, GBP/USD etc. The first currency mentioned in the quote is called base currency, and the second one is the quote currency. The price quoted indicates how much of the quote currency, the trader can buy with one unit of the base currency.
An example, if the currency pair EUR/USD is quoting at 1.0120, then you can buy 1 EURO for 1.0120 US Dollars. While trading Forex, there will always be quoted two prices for any currency pair. They are Bid price and Ask price or Offer price.The Bid price is the price given if you want to sell the currency pair, and the Ask price is the price quoted if you want to Buy the pair. For example, for EUR/USD is quoted at a Bid price of 1.0120 and an Ask price of 1.0122. The difference between the two is known as the spread. Forex traders can make a profit by buying a pair at a low price, and then selling it at a higher price, or selling the pair high, then buying it at low.
The example in EUR/USD :
When US Dollar weakens, EURO gets stronger (with respect to Dollar). Therefore, if the US is facing higher unemployment rate, the USD is likely to weaken. If you want to generate profit in this scenario, you need to BUY the EURO (at aks price – 1.0120 ), expecting it to appreciate against USD. Buying a position is also called LONG position.
In the alternate scenario of the lower unemployment rate, you should have sold the EUR/USD at the Bid price 1.0122, anticipating that EURO would get weaker and USD stronger. This is called creating a Short position.
Bitcoin Trading in Qatar
Are you thinking of investing in Bitcoin in Qatar? If you have been watching the financial news lately, you might have heard about the exponential rise in the world’s most known cryptocurrency. So a lot of people in Qatar are thinking “Should I invest in Bitcoin in Qatar?”. Before jumping to any quick conclusion, let us have a quick view on different aspects of Bitcoin. After that, it will be automatically clear, whether you should trade bitcoin in Doha and Qatar. It should be your decision after knowing pros and cons of Bitcoin Trading in Qatar whether to trade it or just give it a try.
If you decide to give Bitcoin trading in Qatar a try then IQ Option is one of the best available options to you. They offer you Cryptocurrency trading, Forex trading, CFD and Binary Options under one trading platform. You can use all these financial trading instruments strategically to make use of the trading opportunities in the market.
Bitcoins Qatar – What is Bitcoin?
Bitcoin is a kind of digital currency, also known as the cryptocurrency. The term Cryptocurrency means that it has a high level of encryption, which means hacking of Bitcoin is almost impossible. Like any other currency, you can exchange Bitcoin, and its price keeps fluctuating in relation to other major currencies like USD, EURO etc. This brings the opportunity for trading on its price fluctuation and earn. All the conventional currencies are centralized, which means the central banks control them. For example, Qatar Central Bank issues Qatari Riyal. Whereas Bitcoin is decentralized, meaning there is no central bank, country or government managing it. That means it is not susceptible to government or any central bank mismanagement. Let us discuss some Pros and Cons of Bitcoin, before finally jumping onto the topic “Bitcoin in Qatar”.
Pros of Bitcoin
Easy to send money – You can send and receive money almost instantly over the internet without having to go through any bank intermediary. Hence there are no bank charges while sending and receiving bitcoins.
Limited supply – There is a maximum limit to Bitcoin mining. This limits the amount of bitcoin that can ever be produced. This is different from traditional currencies, as the Governments print traditional currencies as per their requirement. This limited supply is the reason that helped to contribute to the rise in the price of Bitcoin.
Private – some people think Bitcoin transaction is anonymous, but actually, it’s more private. We can see the transaction on the blockchain – the public Bitcoin ledger. But we cannot see the name and identity details of the transaction. Most people like this kind of private transactions.
No transaction fees – Unlike all the bank cards VISA or MASTERCARD, a merchant accepting Bitcoin does not have to pay any hefty fees.
Cons of Bitcoin
Risky and sharp price fluctuation – Bitcoin has shown a steady rise for several months, then falling 20 -40% over few days. Bitcoin trading goes on all seven days a week and 24 hours a day, and the price keeps fluctuating.
Sometimes a small global news can send the price tumbling down.
So, it’s basically not stable as there are a lot of unknown factors that may affect the price abruptly. The important rule here is “Don’t put any money into Bitcoin which you can’t afford to lose.”
Bitcoin transactions are not reversible – The credit card transactions are reversible, Bitcoin transactions are not reversible. So if you send Bitcoin to the wrong person, you can not retrieve it back.
Lost wallet – There are lots of stories from people who have lost their Bitcoin wallet address through computer crash, virus-infected computer and stolen computer, thus losing all their money in Bitcoin wallet.
Bitcoin trading in Qatar with IQ Option
If you have gone through the above discussion, you might have realized that the risks are high while trading or investing in Bitcoin in Qatar. There are many ways to invest in Bitcoin in Doha, Qatar.
Bitcoin trading in Qatar
In order to invest in Bitcoin, the investor has to understand the Bitcoin Wallet, the type of Wallets etc. It is important to maintain your Wallet securely on your computer. Open your account for a Bitcoin Wallet. Buy Bitcoins and store them in your wallet. You have to wait for the price appreciation to get profit. Alternately, the traders can open an account with IQ Option to start trading Bitcoin. There are a number of technical indicators available on the trading platform to help you take a better decision and increase your potential profit. IQ Option provides most competitive spread in the industry while trading Bitcoin. Start trading Bitcoin and other Cryptocurrencies with IQ Option with the simple account opening process.
- Sign up with IQ Option for Free Demo trading account.
- Start trading Bitcoin in Qatar in a Demo account with $1000 virtual money for practice.
- Make a deposit to your account and start trading Bitcoin and other assets under one account.