S dollar consolidates on economic worries and uncertainty around the U. S presidential election. Goldman Sachs GS , the banking group, spikes in extended trading after posting third quarter EPS and sales that beat estimates. Bank of America BAC is losing ground before hours after reporting third adjusted sales up 3. Both figures beat estimates. The company expects full-year adjusted EPS to be Empowering the individual traders was, is, and will always be our motto going forward. Contact us: contact actionforex. Necessary cookies are absolutely essential for the website to function properly.

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This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website. Sign in. Log into your account. Forgot your password? Give yourself peace of mind and easy access to all your files with a great back up system.

To understand the advantages of backing up, these are the top 3 reasons to develop an effective back up system :. Any type of information stored in your computer is important for trading efficiency.

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Before picking your preferred method of backing up, one of the most crucial points to consider is the amount of data you wish to stock. This will determine the storage capacity you should purchase and the type of method you should choose. Whether you use a back up system for solely trading or for additional personal use, you must supply yourself with the right tools to get the most value out of your money.

First, learn the different ways you back up your computer files :. Via thumb drives or flash drives. Removable and rewritable, these highly portable devices can simply be plugged into a computer to start backing up. A possible setback for this tool is the higher chances of malfunction as well as dropping or losing the device.

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Via network attached storage. This type of back up system uses network connection to automatically store and retrieve data in a central computer together with other network users. Used by mostly small businesses, a network attached storage can be a flexible and easy way to back up.

Via cloud. Using cloud storage has become a common way to back up files these days. With a reliable internet connection, you can easily upload, view or delete files anytime through any device. A possible setback for using this system is that it uses up your internet bandwidth - which is a very important aspect of trading efficiently. Since Forex trading is a mobile business, the ideal back up system is through an online or portable setup.

Foreign exchange calculator

With easy access and convenience, a virtual or mobile back up system allows traders to upload or download any data while on the desk or on the go. This ensures both safekeeping and retrieval of all information in case of a computer crash or laptop failure.



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Forex traders can make use of an external hard drive for its capacity, security features and portability. Nowadays, competition for the best performing mobile hard drive gives traders more design options and cost-effective prices. Because of this, make sure to pick top rating hard drives to date and compare the interesting features you can take full advantage of when trading.

Calculator

Recent innovations also provide extra choices in drive speed, USB connectivity and compatibility. The most important features of a portable back up system are:. Overall Performance. The overall performance of an external hard drive deals with speed, connectivity and security features. These are some of the more important features that Forex traders should look at. If you plan on adding tutorial videos as well as personal documents like photos or music, you will need to consider getting at least 1TB.

Shock resistance.

Description

A back up system that is portable should have high resistance to shock to prevent damage of the device. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose.

Day In The Life of a Young Forex Trader

If you fail to understand or you are uncertain of the risks involved, please seek independent advice. We will not be held responsible for any poor market conditions, judges or losses incurred upon the acknowledgement of our recommendations and technical analyses.