Forex Articles

Myths about Forex

The currency exchange market, or Forex, is well-known to numerous people. Private traders as well as various companies work on Forex. Currency operations are getting more and more popular with every coming day.

Introduction to Forex trading

The essence of any market is buying an item at a lower price and selling it at a higher price. In this regard, the Forex market is no exception, the only difference is that items on the foreign currency market are represented by foreign currencies that have their own prices.

Forex trading strategies

Every trader chooses the most convenient method of trading. The type of Forex trading a trader uses depends on his first-hand experience in money management and the significance of money in his life. There are a lot of strategies of trading on Forex.

Forex market trading hours

The international currency market operates 24 hours a day, 5 days a week, excluding public holidays when all banks are closed. In each time zone there are establishments, selling or buying currency during their working hours.

Forex participants

To start Forex trading, you have to realize what place a private investor occupies on Forex, or, in other words, the role of a trader in the global system of currency exchange.

Advantages of Forex

The foreign exchange market or Forex has the incontestable advantages thanks to those everyone regardless of location, education and income, has the opportunity to trade. All you need is a computer and an internet access.

The guidelines for choosing a broker

Nowadays there are a lot of companies, providing access to online trading on Forex market. Quite often even experienced traders have difficulties choosing a broker that would meet the requirements of convenient and, what is more important, profitable trading on Forex market.

Trend indicators

For allowing a trader to determine the market movement direction the trend indicators were worked out. As a rule, they are not restricted by moving averages. They include such instruments as price models, support and resistance lines, trend lines.

Several ways of employing Fibonacci levels

Each trader applying technical analysis has many postulates he relies on in trading. Quite often it turns out that traders do not go deep into the matter, guided by their market experience only. However, there are effective theories applied to the markets which lack substantial ground. They can be proved by statistics only. This is the kind of theories Fibonacci number theory is attributed to.

Classical Trader’s rules

In order to become successful on the currency market a trader must follow the range of rules. Below we consider the classical trader’s rules which will help you to organize your work on the market in such way that you will have a success and profit on the market.
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Feedback from traders

gaminn trader
review SimpleFx
01-12-17

They cancelled all my trades and deleted my account. The reason was "exploiting inaccuracy of prices" (point 8.24 b) of their Terms of Bussiness). It means they cancel anybody trades when they decide to do so. Lost 80 000 USD.

Chris H trader
review GCI Financial
30-11-17

Hello, I've been trying to get my money back from this company for over a month now. I have emailed my account manager ( Jacques Debruyne ) his email is: ( jacques@gcitrading.com ) numerous times, spoken numerous times on their Live Chat. They keep telling me that they are considering it, but it is all lies. The amount is $1,100 USD. Now I know that's not a lot of money but still it is my money. Can anybody help me on how to get my money back? I don't know what to do. Thank you for taking the time and your consideration in reading my post. I appreciate it. Here is more information on: Jacques Debruyne Head of Sales GCI Financial Ltd. Direct Skype: gci.french Direct Phone: + 1 800 604 2412 WhatsApp: + 507 62 51 3400 www.gcitrading.com Best Regards Chris

Ayo trader
review LiteForex
22-11-17

Can I reclaim my lost account on liteforex? I lost this account after my laptop was stolen from me. All the details lost. What should I do?

Robbe trader
review Olymp Trade
17-11-17

I sometimes counter trend trading here. It's not always successful but there are some good days as well. I won't advertise the broker cause you'll think that I'm talking it up...But I haven't had any problems with them. They pay money and don't put a spoke in wheel.

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.

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