There are two ways to lose money on the currency market: the market failure and theft. Most traders lose money in the long terme.Il is therefore extremely important to follow the rules of Forex money management to preserve capital as long as possible. In this article we will talk about protection against unauthorized
access to your funds from your online broker. We are not talking about fraud and scam, rather we are talking about how you can protect your trading account.
A good question is: How money can be stolen from my trading account? First we would like to say that usually your money is safe. If you have already made payments of your winnings, you may have noticed that according to the supplier, it will take some time and effort to withdraw funds. A safety device that Forex brokers use is that you can withdraw money as the payment method with which you made the deposit. So if you have deposited money by bank transfer, you or hackers can apply to withdraw your funds in another way. Even if the probability is low, you should always protect your data against unauthorized access. Therefore respect the following safety tips, which apply not only for Forex traders, but also for online banking and other online transactions:
Passwords: Some weak points are the passwords. you have five, ten or more accounts with email providers, auction houses, forums, comparison sites, etc. and you can not remember all those passwords. So you used the same password everywhere. Although it makes things easier for you, it also makes them easier for hackers. it is also risky to use passwords with words that can be found in dictionaries. This makes the work much easier for hackers. So, you should use different passwords for different accounts, and use passwords consist of uppercase and lowercase letters, numbers and special characters. One way to use a different password for each site, for example, using the first three letters of the site, then add 1-2 special characters of your choice and use your "usual" password at the end. And of course you should never write your passwords on a file in a folder on your computer.
Anti-virus updated: Keep your anti-virus update. If you're online. You do not necessarily need to buy an expensive product, there are many good free antivirus programs available on the net.
Firewall: Do not forget to enable your firewall. The modern operating systems and anti-virus products have such a protection mechanism.
Protection against fraud: Never open attachments to e-mails you receive from unknown or suspicious. you can risk your account by visiting questionable websites. Make sure that Web sites use HTTPS encryption and it works (in modern browsers is shown with an icon in the address bar). The ideal solution would be to have two different computers. One you can use to surf the web and one that you can use for trading on the forex market and other financial transactions.
Avoid trading on a public computer: You do not know what software was installed on a public computer at an Internet cafe. Avoid trading on the public computers. If you really want trader outside your home, make sure you take your laptop with you or use a forex broker that allows trading with mobile phones.
