Trading forex should be an enjoyable and profit heavy experience, especially if you have the knowledge and skill required to succeed. That being said, the realm of forex hasn’t escaped the wave of cyber security issues that have plagued various investment markets in recent years. Anyone that actively trades forex needs to take account security extremely seriously, arguably more seriously now than ever before. Helping you stay safe, the following looks at the steps you need to take to make sure that you’re protecting your forex account and trading within a safe environment.
Understand broker regulation
Before you sign-up for an online forex broker account, you need to get an understanding of how such firms are regulated. It…show more content… Trade behind a firewall
Another obvious security measure that is so often overlooked, it’s pivotal that you trade behind a firewall. What a firewall does is keep your connection private and prevents any hackers or malicious parties from breaking through and obtaining your private information. It’s a pretty basic security measure, but a firewall can be a lifesaver when it comes to keep your account secure.
Avoid trading on a public network
For some, trading on a public network is unavoidable, so this particular rule isn’t something that everyone will be able to implement. However, we would strongly recommend that most avoid trading on a public network. The reason for this is clear - they aren’t secure. Anyone using the network that has malicious intent will find it easy to exploit, this would mean that your personal data would be at risk the entire time that you are connected to it. When it comes to trading, keeping matters as “private” as possible is always advised.
Don’t login to your account on a co-use or public access computer
Public computers are obviously widely used the world over, but they should never be used for forex trading purposes. The risks are so high, as at many places these computers are monitored and almost always use a public network. Not only that, should you forget to log-out or have someone