Forex Market IML: An Introduction
Forex Market IML is a term that refers to the Forex market as it is traded through the platform of the company, iMarketsLive (IML). This platform is a multi-level marketing program that provides education and trading services related to the Forex market. It was founded in 2013 by Christopher Terry, who is a veteran trader in the Forex market. The company has its headquarters in New York City and has expanded to over 120 countries worldwide.
What is Forex Market IML?
Forex Market IML is a decentralized market where the currencies of various countries are traded. It is the largest financial market in the world with an average daily turnover of over $6.6 trillion. The Forex market operates 24 hours a day, five days a week, and is accessible from anywhere in the world. The market is open for trading from Sunday 5:00 pm EST to Friday 5:00 pm EST.
Forex Market IML is a platform where traders can buy and sell currencies with the aim of making a profit. The traders use technical and fundamental analysis to predict the direction of the market and make trading decisions accordingly. Technical analysis involves the use of charts and indicators to identify patterns and trends in the market. Fundamental analysis involves the study of economic and political events that affect the currency markets.
IML provides various tools and resources to its members to help them trade the Forex market. These include trading signals, market analysis, and educational resources. The company offers a trading academy where members can learn the basics of trading and advanced trading strategies. The academy covers topics such as technical and fundamental analysis, risk management, and trading psychology.
IML also provides a trading platform where members can execute trades in the Forex market. The platform is user-friendly and offers advanced charting capabilities. Members can choose from various trading instruments, including currency pairs, indices, and commodities.
IML’s compensation plan
IML operates as a multi-level marketing program, which means members can earn commissions by recruiting others to join the program. Members can earn commissions from their direct referrals and their referrals’ referrals. The more people they recruit and the more trades they make, the more money they can earn.
IML’s compensation plan is based on a binary structure, which means members have two legs, a left leg, and a right leg. Members earn commissions based on the volume of trading in their weaker leg. The company offers various bonuses and incentives to encourage members to recruit more people and make more trades.
Conclusion
Forex Market IML is a platform that provides education and trading services related to the Forex market. The platform is operated by the company iMarketsLive (IML), which operates as a multi-level marketing program. The Forex market is the largest financial market in the world, and it operates 24 hours a day, five days a week. Traders use technical and fundamental analysis to predict the direction of the market and make trading decisions accordingly. IML provides various tools and resources to its members to help them trade the Forex market. These include trading signals, market analysis, and educational resources. Members can also earn commissions by recruiting others to join the program.
