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

Talim trader
review LiteForex
13-11-17

I opened a trading account in LiteForex one year ago, within a year I earned some money and wanted to withdraw them. When I applied for a withdrawal, I found out that I can withdraw only through the same payment system that I used when deposit a trading account. But I lost access to my old webmoney purse. I wrote in the chat and their support made an exception for me allowed to withdraw money through skrill. Thank you for not having ignored me, and helped to solve the problem.

Lourd trader
review ForexMart
03-11-17

I am always recommending ForexMart for those who want to try out FX trading because they are very accommodating to new traders and they have excellent customer services.

Graham close trader
review Swissquote
28-10-17

Solid broker with above average spreads. Excellent funds safety and global trading giant. No problems at all. Give 5 stars anyday.

James McAvoy trader
review Forex4you
25-10-17

When looking for a broker there are many things that we have to check for ensuring the best broker. According to my trading experience first of all I will be looking for in a broker, if they ensure lowest trading spreads or not. Because the broker can affects the result of our trading with certainly. that’s why now I am with Forex4you which for all time ensures lowest trading spreads from 0 pips which is very supportive to lead a comfortable trading life with certainly by using any trading techniques with scalping.

Kyah trader
review ForexMart
13-10-17

I earn additional profit through forex trading on a monthly basis. ForexMart is my broker and they have been a wonderful trading partner. I like how simple and consistently good are their withdrawal system. They also keep on improving and adding more services as I've noticed in the past few months.

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