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

Aziza trader
review Amana Financial Services

I opened an account at Amana Financial Services and used my credit card to fund my trading account. I invested $100 but I was charged with over 200 dollars. Only the $100 was credited to my trading account so I asked the company. Sadly, they did not respond to me and they closed my account without my permission.

Eiftal trader
review FXGiants

I signed up FXGiants with $1000 and I have had a very terrible experience with them. Last month, there was a 63 pips spike on my MetaTrader 4 platform that took out my stop. I was upset to see that the trade was closed at the spike price about 42 pips lower than my stop on my GBP/USD pair! Next day I also got 51 pips slippage on USD/AUD pair. I have tried quite a few brokers in the past and I can say that FXGiants are by far the worst. Another worst this is that they do not have any live support. I am going to leave FXGiants broker.

Ableh trader
review ForexMart

I have been trading with ForexMart for six months. Everything works well. The MT4 platform is stable, spreads are fixed, and fast order executions. The deposit and withdrawal, they process on time. Only sometimes, customer support is a bit late to respond when I have problems in my trade even though they answer in the end. But no big deal. Overall, I am satisfied trading with ForexMart.

Ishak trader
review SuperForex

I was able to find a number of things that suit my trading tastes the most. I feel very fortunate to trade using Super forex. I have joined since 2 years ago. Deposit and withdrawals are fast. Indeed, I am very happy for the results of my trades here. Big plus for me was new trading account pro.ecn.mt4. Their minimum deposit is also very reasonable for beginners. Currently i’m testing pro.ecn account, it looks really great with fast execution and rather narrow spreads.

DanTan trader
review ForexMart

I have a classic account with Forexmart, this platform is profitable for me, As I got solid execution and live price. it is established with many free advanced tools, so I can analyse the market trend easily and place an order perfectly. Also, Forexmar has a reliable payment service through Neteller, I have passed a great trading experience with Forexmart broker.

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