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.
123

Feedback from traders

Bronx trader
review SuperForex
11-09-18

Nice broker. I'm totally saticfacted with them! Good bonuses's programm. Good conditions. Let it be!

tumisang trader
review ForexChief
10-09-18

these are scammers, when you make profits they log you out of your own account. Do not invest your hard earned money and your time and effort trying put this broker. Move to the next one...Dont let their own written reviews fool you...SCAM BRO

Kenneth Hubbard trader
review Gainsy
06-09-18

This broker is 100% pure scam. I have been trading for over 10 years now and this is by far the most blatant theft I have ever experienced. The people that say withdrawal is fast are lying. It take about a week to transfer money from your trading account to your personal area, after which you can request withdrawal. I will happily provide a screenshot showing you this. Then they take a further week, if ever. There are constantly increasing levels of "verification" always request more and more difficult documents. Finally they illegally entered my account and destroyed it by opening and closing high spread trades. This was simple theft and I believe they have been ripping off traders for years now. Registered in a dodgy place in the caribbean, a phone number in UK and skype reps in Hong Kong. Try finding out who owns this company and you will understand the slime you are dealing with.

J trader
review IC Markets
06-09-18

Company illegally sharing your data and personal detail with third party. Shit customer service trying to hide issues rather than fix.

Kate O Hara trader
review Stoxmarket
04-09-18

Hello these fake brokers take advantage of people who seem low risk and fragile. It sucks when all you wanted to do was to invest your money into something that secures a better future for yourself and your family only to get ripped off. I can recommend a solution to anyone whose in this situation and interested.

Show more
Start trading with
no risks and investments
With new Start-Up Bonus of $1000
Get bonus
55%
from InstaForex
on every deposit
Earn up to
$50000
for inviting friends to get StartUp Bonus from InstaForex
No investments required!