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.

Feedback from traders

Eduardo trader
review Solidary Markets

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

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

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

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

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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