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

Saul V. trader
review ForexChief
10-03-19

my experience with forexchief started with a start of curiosity, but it turned out to be a serious and fulfilled company, which like all good things has supporters in favor and against ... what I value most of them is the speed of their transactions

William K trader
review ForexChief
27-02-19

Of all the brokers I have tried forexchief is the best, has the backing of trained and responsible staff, a modern and effective mt4 platform, among other things as its system of leverage and reputation, make me continue with them

shitforex trader
review SuperForex
21-02-19

Scam broker. If somebody is reading this - don't open account! They are scam broker and thieves. I have lost few hundred $

Marilin trader
review ForexChief
18-02-19

for now they have been very satisfied, the transactions have been successful and fast, they are a very serious company, they are in contact with the users ... they use a quality platform and you can adapt your system to your needs

Bruce de Oliveira trader
review Olymp Trade
13-02-19

Broker scammer does not pay neither his affiliation representatives They deleted my account claiming IP fraud, and I forwarded all the correct affiliation data I have recorded video proving that the account was with everything correct and they deleted, then claimed that it would not be possible to investigate because my account was no longer in the system. The regulatory rule of them did not help at all, I contacted her and she informed me that she could not do anything about the case. They blocked my operations account too, I do not have a recording

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