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

Eduardo trader
review Solidary Markets
01-02-18

I have been working with SMFX since 2013 and have nothing but positive comments. They have the best support, very human and always willling to help. I am very satisfied with their accounts. Got two of them, a Standard for swing trading and a Top for scalping. Their execution times are excellent and so their spreads. Highly recommended for those searching a broker where you can start trading with small capital and be able to produce any strategy.

Matej Marko trader
review SaxoBank
31-01-18

Saxobank dead company without support team. In Saxobank doesn't exist support team, they doesn't answer on me emails. It is SCAM broker.

Azur trader
review PaxForex
31-01-18

PaxForex is an amazing broker. I was afraid to deposit even 100 USD, after a very negative experience with my previous broker. Hence, I started trading here with Cent account, with deposit of just 10 USD. I wanted to make sure that this broker is not a scammer. Now I upgraded my account to Standard, as I believe, there I can earn properly. There has been not a single issue for now.

rajkumar trader
review iFOREX
30-01-18

i have lost my whole money by investing in iforex, Also i reffered 4 of my friends. They also do not earn money, they lost entire money. Also the refferal amount also not got to my account. There is no response of email and phone. no customer care phone number. the phone number will not work at all. you will keep on deposit the money, but as of now i did not earn any money. Please do not invest in iforx.

devit trader
review NPBFX
24-01-18

Even if I asked a question by chatting, I gave it a try and I was asked again for a phrase that was waited for 50 minutes. Support is not working at all.

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