NetPicks is a company that gives guidance to forex traders. It was founded in 1996 and is headquartered in Irving, Texas. They say the best way to do Forex trading is by using currency pairs. This gives the investor a way to price movements in currencies. Also known as FX trading, currency trading, and foreign exchange trading, investors make a bet on whether currency pairs will rise or fall in value.
Nowadays investors do all of their forex trading online. There is software that provides charts to guide the investors as well as services, like NetPicks, that provide real-time information about all currencies. Unlike stock markets, forex markets are open 24/7. This is because there’s always a market open since there are financial exchanges around the world in places like New York City, London, Paris, Sydney, and Tokyo.
Most people make what are called spot trades. Some people, however, also make trades using both forward markets and futures markets. People who want to hedge their bets use these latter two forms of trading. NetPicks says that most investors use currency pairs due to the fact that Forex markets feature substantial liquidity.
When NetPicks was first established it was the dawn of online trading. This enabled people around the world to become day traders. Since that time they have been educating people how to trade so that they can achieve success through day trading. Beyond forex trading they also teach investors about futures, stocks, ETFs and options trading (dailyforexreport.com). NetPicks is led by Mark Soberman who brings with him years of experience in the financial industry. He has built a team of trading professionals who each have particular specialties. Everyone on the team is an active trader who practices what they preach to their clients.
There are three key areas that NetPicks can help their clients in. This includes those who want to make active trading their full-time job, those who just want to earn part-time income, and those who just want to spend a few minutes a day making trades. New clients pick what they’re objective is and then NetPicks gives them the information to make it happen.