{"version":"1.0","provider_name":"For overseas forex cashback services, try Money Charger","provider_url":"https://money-charger.com/en/","author_name":"admin","author_url":"https://money-charger.com/en/author/admin/","title":"Complete Guide for Beginners in Overseas Forex Trading | How to Start, Things You Should Know, Recommended Brokers, and More - Money Charger (Overseas Forex Cashback Service)","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"sTZMsfZoc1\"><a href=\"https://money-charger.com/en/information/year/\">Complete Guide for Overseas Forex Beginners | How to Start, Things You Should Know, Recommended Brokers, and More</a></blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https://money-charger.com/en/information/year/embed/#?secret=sTZMsfZoc1\" width=\"600\" height=\"338\" title=\"&amp;quot;Complete Guide for Beginners in Overseas Forex Trading | How to Start, Things You Should Know, Recommended Brokers, and More&amp;quot; &#x2014; Money Charger (Overseas Forex Cashback Service)\" data-secret=\"sTZMsfZoc1\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"></iframe><script type=\"text/javascript\">\n/* <![CDATA[ */\n/*! 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Therefore, this article provides a complete guide, from the basic information that overseas forex beginners should know to the process of taking their first trade. Even successful millionaire traders were once beginners with zero knowledge. Let's take the first step as a trader by understanding the correct information, advantages, and disadvantages. Basic Information that Overseas Forex Beginners Should Know There are three basic pieces of information that overseas forex beginners should know. We will explain everything from what an overseas forex broker is in the first place, to legal issues related to using overseas forex, and the characteristics of people who will benefit most from using overseas forex. What is Overseas Forex? Brokers Based Abroad The definition of an overseas forex broker is \"a broker based outside of Japan.\" Unlike domestic forex brokers based in Japan, overseas forex brokers include all forex brokers located outside of Japan. Overseas forex brokers comply with regulations by the local financial authorities where they are based and operate under the laws of that country. I want to use a highly secure overseas forex broker! For those concerned about safety, our \"Overseas Forex Broker Safety Ranking\" lists brokers that have obtained financial licenses and are operating soundly. Using overseas forex is legal if done at your own discretion. Beginners in overseas forex trading are likely wondering, \"Is it illegal to use overseas forex?\" To put it simply, using overseas forex is legal if done at your own discretion. The following cases are illegal for overseas forex brokers. In other words, there is nothing illegal about us individual traders using overseas forex brokers. The Japanese Financial Services Agency has actually stated the following: Even if a company is located overseas, if it conducts financial instrument transactions as a business for the benefit of or with Japanese residents, it is required to register as a financial instrument business (registration based on Japan's \"Financial Instruments and Exchange Act\"). It is prohibited to conduct financial instrument business in Japan without registration. (Violators are subject to penalties.) Quote: Financial Services Agency Beware of solicitations by unregistered overseas companies. Of course, it is illegal to evade taxes by not filing a tax return for profits earned from trading with overseas forex brokers, so be sure to pay taxes on your earnings. If you want to know more about the legality of overseas forex trading, please refer to \"The Legality of Overseas Forex Trading | Warnings from the Financial Services Agency and Legal Opinions,\" which provides a thorough explanation. There are three types of people for whom overseas forex trading is recommended. Overseas forex trading offers few advantages for traders with abundant funds. On the other hand, if you fall into any of the following categories, using overseas forex trading can give you a favorable trading environment. If you mainly fall into these three categories, the benefits of choosing overseas forex trading are very significant. For example, if you want to trade with a small amount of capital, overseas forex trading allows you to raise funds using bonuses and use high leverage trading exceeding 1,000 times without the risk of margin calls. Also, since domestic forex brokers are generally not available from overseas, if you are based overseas, you will need to use an overseas forex broker. In addition, overseas forex trading offers trading conditions that are not available in domestic forex trading, based on overseas regulations, so please also refer to \"Advantages of Overseas Forex Trading for Beginner Traders\" when deciding which to choose. Advantages of Overseas Forex Trading for Beginner Traders The following eight points are advantages for beginner traders to choose overseas forex trading. Beginners, who often have limited capital and are prone to losses, benefit from using overseas forex trading with minimal funds and low risk, allowing them to efficiently gain experience and profits. You can start actual trading with zero capital. Even those who want to make money with forex but lack the funds to start real trading can begin with overseas forex. This is because overseas forex allows you to raise trading funds even with zero capital by utilizing \"account opening bonuses.\" Specifically, you can start trading with zero capital by following the steps below. For details on the cushion function credit that allows you to debut in overseas forex with zero risk, please see \"What is the cushion function of overseas forex bonuses?\". You can raise additional funds with deposit bonuses. Ideally, it's best to have sufficient funds to start forex trading. However, there are issues such as difficulty in preparing large amounts of capital, and the greater the capital, the greater the risk. Therefore, by utilizing overseas forex brokers that offer deposit bonuses, you can receive bonuses equivalent to 20% to 100% of your deposit amount, which can be used as trading funds. For the latest bonus campaigns from various overseas forex companies, please see \"Overseas Forex Account Opening Bonus/Deposit Bonus Comparison Ranking.\" Even with a small amount of capital, high maximum leverage is OK. When considering the same amount of capital, overseas FX has the advantage of allowing for a wider range of trades compared to domestic FX. Because overseas FX does not have the maximum leverage restriction of 25 times that applies to domestic FX, capital efficiency can be improved with high maximum leverage. Item 25x leverage common to all domestic FX companies 1,000x leverage typical for overseas FX USDJPY Required margin per lot 590,678 yen 14,766 yen EURUSD Required margin per lot 693,508 yen 17,337 yen XAUUSD Required margin per lot 1,971,000 yen 49,275 yen Required margin per lot (100,000 currency units) Based on prices at the time of writing this article For example, the required margin to trade USD/JPY in 1 lot (100,000 currency units) in overseas FX is approximately 15,000 yen, but in domestic FX it is approximately 600,000 yen. Therefore, overseas FX is an environment where it is easy to start trading even with a small amount of capital. One of the advantages of using overseas forex brokers is that even beginner traders can easily utilize leverage, the greatest weapon in forex trading, while minimizing risk, as there is no risk of losses exceeding the account balance. This is because many overseas forex brokers employ a zero-cut system, meaning no margin calls. Zero-cut is a customer protection system where, if losses exceed the account balance due to trading, the overseas forex broker covers the insufficient negative balance. (Reference: e-Gov […])"}