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Pablo Soria
De Lachica

Director of Business Development @ Bforex

Director of Business Development at Bforex, Pablo Soria de Lachica oversees the international currency trading operations of this Panama-based investment firm. Pablo Soria de Lachica has been with Bforex since 2008 and holds responsibility for the trades that the company’s brokers make as well as for personnel hiring decisions.

Through the Bforex website, Pablo Soria de Lachica provides a variety of tools for professional and casual investors. Bforex maintains a blog on currency news, discussing factors that have or are likely to affect price shifts, as well as tips on foreign exchange investing and discussions of larger market trends. In addition, Pablo Soria de Lachica’s team of analysts provides both fundamental and technical analysis for their clients through the Bforex website, and advisors are available for consultations 24 hours per day.

Pablo Soria de Lachica also maintains an online Forex Academy through the Bforex website. Topics addressed include basics such as buying and selling foreign currencies, the role of trading margins and leveraging on profitability, and how a forex quote works. Pablo Soria de Lachica’s tutorial then describes more advanced concepts such as support and resistance levels for currencies, how to interpret trend lines, and the role of common technical analysis indicators.

Pablo Soria de Lachica attended the Universidad Tecnológica de México (UNITEC) in Mexico City, where he received a Master of Business Administration. Pablo Soria de Lachica donates to several charities, including Sagrado Corazón de Jesús, Niño de Atocha, and Donaciones al mundo.


Pablo Soria De Lachica's Publications

  • Bforex - Products and Services, Pablo Soria de Lachica
    January, 2011
    by Pablo Soria de Lachica

    Offering clients a streamlined approach to trading, Bforex is a foreign exchange broker based in Panama City, Panama. Among the many services the company provides its clients are 24-hour assistance, commission-free trading platforms, and a guarantee of Stop and Limit orders in any market condition. Bforex also offers two downloadable trading platforms for its clients.

    Designed by Bforex’s on-site technical department, PROfit allows for adjustable layouts for traders of all levels and experiences, presents users with live streaming quotes and one-click trading options, and comes with 24-hour support accessible from the platform itself. PROfit is also available as an iPhone application, making the Bforex trading experience a mobile one. The MetaTrader4 platform incorporates advanced trading tools into a simplified, user-friendly interface that facilitates comprehensive trading operations. Its charting system, live streaming, customizable screens, and multilingual support create an ideal platform for beginners as well as seasoned professionals.

    A multitude of supplemental tools are available for use on the Bforex website, including daily market updates, foreign exchange analyses, major currency charts, and economic calendars for reference. As Director of Business Development for Bforex, I preside over the company’s international currency trading activities and conduct our trade-training program, Forex Academy. The academy consists of a series of online instructional materials for new and experienced traders interested in broadening their knowledge of trading in and between foreign markets.

    Clients can find phone numbers for the Bforex international helpdesk, dealing room, and various country locations on the company’s website, www.bforex.com. Electronic and postal mailing addresses for support inquiries are also posted on the website.

  • Frequently Asked Questions: Stop Orders
    June, 2011
    By Pablo Soria De Lachica, Director of Business Management at Bforex

    Q: What is a stop order?
    A: Also referred to as a stop loss order, stop orders are directives to buy or sell a security once the price of the security drops or increase above a specified price.

    Q: What happens when the price set by the stop order has been reached?
    A: When the security reaches its set price, investors enter the stop order as a market order and receive a guarantee on the trade’s execution. However, the trade may not be executed at or around the stop price.

    Q: Why wouldn’t a trade be executed?
    A: Trades may not execute if the stop order enters a fast-moving market, or if a shortage of liquidity relative to the order’s size exists.

    Q: Are there different types of stop orders?
    A: Stop orders come in the variations of sell, buy, stop-limit, and trailing stop offers.

    Q: Please define sell and buy stop orders.
    A: With sell stop orders, brokers receive instructions to sell at the best possible price following a drop in price below the stop price. In contrast, buy orders attempt to limit loss or protect profit on a short sale. Buy stop prices are always set above the market’s current price.

    Q: Where can I learn more about stop-limit orders?
    A: Please refer to my article entitled About Stop-Limit Orders.

    Q: What is a trailing stop order?
    A: With this type of stop order, the order includes a stop parameter that acts as a moving, or trailing, activation price. The activation price is entered as a specific amount of rise or fall in the security price, or as a specific percentage change.