Trading forex, stocks and commodities on margin carries a high level of risk and may not be suitable for all investors. One important difference between a successful and an unsuccessful trader is that the first is able to survive under unfavorable conditions on the market, while an unsuccessful trader will blow away his entire account after consecutive unprofitable trades. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Before , the Maria Theresa Thaler also known locally as rial and the Indian rupee were the main currencies that were circulating in Oman. However, a couple of years later, the coints were introduced in Oman.
On the other hand, the Indian rupee continued circulating through the country. The situation changed in when for official currency twas made the rial Saidi. It was actually equal to the British pound and replaced the rupee with approximate rate of 21 rupees to rial. However, a couple of years ago this amount was denominated. The central bank in Oman has the most important regulatory functions ever since it was established.
It is important to know that its main goal is to make the inflation as low as possible by making the economy grow as much as possible. Actually the current political and economic situation in Oman is not that bad and the foreign exchange market is preferred by many novice forex traders because of its steady fluctuations.
Therefore, the market is not really suitable for risky players who are in need of high stakes and huge volatility. Below we will post a list of brokers that every person can take a look at. Remember that it is always better to open a demo account first and try some strategies until you learn how to trade properly. Otherwise, if you start trading on your own with real money and no experience, then you will not last much — you can be sure of that. Usually the Oman rial is tied to the Indian rupee and this is why this currency pair is really popular among traders there.
However, here is the promised list of forex brokers that you can use in the country. ONASIS Brokers uses the award-winning metatrader4 forex trading platform which is capable of using custom indicators and automated expert advisers for trading automization.
Our multilingual operation and support team are proud to offer you professional services in your mother language anytime you require such. Fund your account Request a Withdrawal. One important difference between a successful and an unsuccessful trader is that the first is able to survive under unfavorable conditions on the market, while an unsuccessful trader will blow away his entire account after consecutive unprofitable trades.
All information on this page is subject to change. The use of this website constitutes acceptance of our terms of service and customer agreement. Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.