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What is Database
A database is an organized collection of structured information or data, generally stored electronically in a computer system.
Benefits of using Database
An essential benefit of using databases is the security of having control from a database management system (DBMS). Together, the data and the DBMS and the applications associated with them are referred to as database systems, often abbreviated to databases only.
Why should I use Database
The data within the most common types of databases in operation today is typically modeled in rows and columns in a series of tables to make data processing and querying efficient. The data can, therefore, be easily accessed, managed, modified, updated, checked, and organized. Most databases use structured query language (SQL) to write and query data, which is undoubtedly an excellent reason to use this technology.
What is BancoFX
Banco FX is an innovative financial services' provider that offers traders a wide choice of financial products including Forex, stocks, commodities, precious metals, CFDs, oil & gas and indices. Banco FX was founded in 2012 and is domiciled in London, U.K.
Benefits of using BancoFX
Banco FX offers traders a choice of several different accounts. The Micro account allows new clients to trade in 1000 units’ lot sizes. It comes with lowered contact sizes and minimum starting balances. The client would be able to trade live with this low balance with no extra charges attached. This is a good place for new traders to start their trading experience. The Macro account is the standard Banco FX account and requires a minimum deposit of as little as $1000 for 1000 units. Traders have access to Banco FX 24/7 live support, online learning materials and access to more services by raising the initial deposit. The Gold account holders receive their balance, profit/loss plus other information valued in corresponding gold. The trading on this account is much the same as those in currency accounts.
Why should I use BancoFX
Banco FX offers a free demo trading account which can be used for up to one month. Traders can practice trading on the Banco FX station software and can monitor and try out various trading strategies without incurring any financial risk. They can access live buy and sell prices, deposit up to $50,000 of virtual money and also trade online 24-hours a day, five days a week. There are several features available including variety of foreign currency options such as spot transactions, futures, forwards, options and swaps where traders can exchange one currency for another currency for a given time length. Fundamental and technical analysis are provided on a daily basis.
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