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.

Feedback from traders

Kavi trader
review InstaForex

Finally, I was able to find a broker that will not betray me and lie to me. Instaforex is the most honest and reliable broker I have tried. I have been with them for a year now and I never had any trouble trading. Depositing and withdrawing money is also easy unlike with my previous brokers. There are no hidden charges at all.

Jacque trader
review Triomarkets

I regret opening an account at Triomarkets. Their customer service is only great when they are dealing with new traders. After opening an account and depositing my money, they support team has been very unresponsive already. They take too long before answering to live chats. Also, their platform is not as good as the one I used in demo trading. This broker is not worth it.

Gustaf trader
review InstaForex

I have seen positive evidence from Instaforex, and will probably continue trading with them. Starting from a fast system, responsive client service, and the bonuses they always offer. I opened recently a PAMM account to could invest in projects also. During day time trading my strategy is with medium-term and short-term positions. They are a good broker for beginners but I have doubt that it will happen again to me.

Philip trader
review BullionVault

I have been dealing with BullionVault for a year and it's always been satisfied. They have incredible product offering, the website is good and customer service so helpful. They provided me with all information that I need. My orders were handled with professional efficiency and they kept informing by emails of the progress of each orders.

Yunuss trader
review Alfa Financial

My boss recommended Alfa Financial to me and my colleagues. I was the only one who pursued Forex trading and I don't regret it at all. This broker is absolutely admirable. They have advanced tools that are very helpful in every trading activity. They also have various programs that can heighten the profitability of their traders. As of now, my profit rate is 7% and I am happy about it.

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