Forex Articles

How to choose broker

Nowadays, Forex opens doors for everybody, who is eager to make money. However, before a newcomer ventures into forex trading, the essential thing is to pick a proper brokerage company. This article will tell you how to choose a reliable broker.

Top 10 rules of technical trading by John Murphy

Where will the market move? Will it soar or plunge? When will the trend reverse? These are the key questions asked by technical strategist John Murphy. John Murphy is a legendary trader with the over 13 years’ experience. He developed 10 major rules of technical analysis based on his experience. The rules apply to a wide audience of traders – both novice and pros.

Forex literature. Is it worth spending time on reading?

Books about Forex as well as forex trading itself are very popular nowadays. A great variety of Forex literature is available nowadays for those who are interested in trading. Every author takes on a teaching role and tries to teach a beginner-trader forex market wisdom, share experience and give advice.

Combining Forex and main job

The market where foreign currencies are exchanged attracts ambitious people. They crave for showing their skills amid intense competition and are sure of immediate profits. Optimism always favors any start, but you should not forget about preparation. It is impossible to become an outstanding, successful trader instantly. Finance is a serious topic requiring a cautious approach. To become a truly professional trader, you should make plenty of efforts.

What are pips and how to calculate them correctly?

A pip is one of the basic notions on Forex. However, there are traders who do not completely understand what is a pip and cannot correctly calculate it. Let’s look at it in detail.

A few words about day trading on Forex

Let’s look at the meaning of the word "day trading." Intraday trading is another way of saying "day trading" and it means a trading within one day.

Forex robots. The main advantages of trading systems

Financial benefits give a possibility to meet most of people’s demands as well as confidence in the next day and freedom. There are a lot of ways to improve your financial situation. Trading on the foreign exchange market is among them. Robots significantly help people as trading on Forex is risk-taking.

Public holidays and Forex market

Many factors influence the international forex market. What impact public holidays of different countries have on the currency market will be answered in this article. During holidays, trade on Forex is often less intense and it is difficult to predict its further movement. Even technical indicators, fundamental analysis and MT4 advisors won’t help a trader clear the situation. This uncertainty is mostly applied to the currency of the state where a holiday takes place.

How employment rate indicator affects Forex

The employment rate is a number of people who have jobs expressed as a percentage of the total workforce. It is the third important indicator for foreign currency markets. Like GDP, the employment rate of population capable of working mirrors an economic environment of a country and its health.

What novice traders need to know?

As a rule, a novice trader is full of enthusiasm hoping to make a big profit within a short period of time. A lot of people consider Forex to be a kind of casino, and that is their biggest mistake as trading on the forex market does not mean a game of chance but working hard. Though few examples of unforeseen success took place in the history of Forex.
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Feedback from traders

Andy M trader
review Stoxmarket
20-07-17

This is a scam broker that does not pay out. Do not give them your money or time. Just warning others as I have been caught by them!

Alexander trader
review Trade12
20-07-17

Started with Trade12 last December. I made a big trade mid Feb and made good returns. Initially I did not withdraw the profits as I made another trade and make another $320 by April. All in all my profits amounted to $1160. I requested for withdrawal that month but there was a delay caused by the system. But I was able to get my money on the 2nd week of May. Now I am still with Trade12 and currently trying their ecn account. So far the service is good and definitely better than the normal account.

Payam trader
review SuperForex
13-07-17

I"m trading with Superforex for a 1,5 years and have to say it's all right. Terminal is not superfast, but also definitely not slow. I can make deals with enough comfort. In addition, their support department is ok. I don't need to stand alone with any troubles if they are. I think it's worth giving a try.

Eder trader
review ForexMart
10-07-17

I am constantly basing my trading decisions on ForexMart's economic news and analytical reviews, since these give me a clear view on what to expect during trading days.

Mint trader
review InstaForex
05-07-17

InstaForex is really a good broker company that has very clear trading conditions and my experience with this broker is excellent. I try their demo account and now I use the real one by MT4, and I admit that both demo and live account gives the best trading quality. Every trading bring me almost 50% profit with only $1 minimum deposit, I feel it is very affordable. I also never experienced any cheating during trading so it was really good trading system and fair to me. I recommend InstaForex to other traders.

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