While trading in the forex market we often come across the term “White Label Partnership”. Do you know what does it mean? Well, White Label Partnership (WLP) is an efficient solution for the financial institutions which have a license. Examples of such institutions are investment companies, banks and other organizations that have their own client base. They should also be the ones who want to expand their financial products portfolio.
How does it work?
To get a WLP you have to register. The next step is to customize the MetaTrader trading platform with the personalized look, feel and branding. You can then introduce your new and effective products for the customers. This will diversify your product portfolio. You can then run the venture you established and earn a profit.
What are the advantages of setting up White Label Partnership?
Experts say that there are numerous benefits that one can experience by setting up WLP. In this article, we are going to discuss some of them to give you an idea how they can be useful to you.
Concentrates on the selling
Companies partnered with will look after the IT infrastructure and handle the risk management. This will enable you to focus on the business and improve the sales.
Completely branded trading platform
The partners will offer a totally branded trading platform that is in keeping with the look and feel your company or brand.
The partners will have total control over the products, services, payments and tools with WLP. There would be no issue with autonomy.
Result oriented systems
These will make the trading easier with their new and effective systems. If you are using them, you can expect to be never running at loss.
Stability and security
As the data feed will be secure and the execution of them at an outstanding level, the clients will feel safe to work with your brand. You will win more trust from your clients.
Customized trading and financial instruments
You will have full freedom to decide what you exactly want to offer to your clients.
Cost-effectiveness and value for time- To launch a brokerage you do not have to spend a large sum of money, everything will be available in a short span of time within your spending capacity.
Which is the best method of analysis for forex trading?
Researching with the market and the several analysis techniques of trading we have found that there are two methods of analysis, viz. the Fundamental Analysis and the Technical Analysis. If asked to pick the best one, experts have voted in favor of forex Technical analysis technique.
What is Technical analysis technique?
This is a system which makes use of past price movements. This determines the direction of a given currency. The technique can be a manual one or an automated one. The manual system lets the trader analyze the technical indicators and enhancing the capability to interpret whether one should buy or sell. On the other hand, the automated one teaches the software to the trader which they should look for and interpret. This technique can be used by a short-term trader