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.

John Murphy’s 10 golden rules of technical trading

The ability to predict volatile and often paradoxical market trends is a rare talent that is highly valued in the world of professional trading. The name of John Murphy is known to everyone who is at least vaguely familiar with the technical trading theory. Throughout the years of his practice, the trader and analyst with more than 30 years of experience has established 10 main rules of technical analysis. These universal principles are still relevant and will serve well both newcomers and successful traders.

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.

Can Forex supplement full-time job?

The Forex environment suits ambitious people perfectly. Indeed, they can manifest their expertise in tandem with market vision under highly competitive conditions. A successful trader should always have one’s finger on the pulse of a market. To earn decent money in financial markets, a trader should not miss a good market entry point and should close positions in due time to avoid losses. The thing is that monitoring all market moving news from all over the world takes a lot of time. This scares away would-be traders who are not ready to earn on Forex at the expense of their full-time job or private life.

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.

Introduction to day trading

The term "day trading" means trading within one day. This term became so popular that today, everyone involved in day trading, whether it is a trader or an employee in a brokerage company, is called a day trader.

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

Sonia trader
review Tifia
16-09-21

The trading conditions of Tifia are decent. In fact, I haven't encountered any trouble while making my trades. Sadly, the customer support is not very helpful. When I try to contact them, it takes them a while before responding. Sometimes, they don't reply at all.

Gio trader
review InstaForex
16-09-21

Since I started trading with last August, I've ben made an average profit of $150/week and every week I made withdraw of my profits via my Skrill. It has became a second income and I'm very happy with it. Then, they solved my problem in less than 1 day, and the money came to my account. Their customer support is helpful and professional. Recently, I won some of their prizes in the contest that they organize. Sum up, InstaForex is worth the best broker in Asia and I highly recommend this broker to all

Hayatu trader
review FP Markets
15-09-21

FP Markets is terrible. I tried trading with them for a month but all of my trading activities failed because their platform kept crashing. Good thing I did not invest a huge amount of money. Or else, I would have lost everything.

Carina trader
review MOCAZ
15-09-21

I am holding a basic micro account at MOCAZ because it is what I can afford. I am grateful that the broker offers different account types so they could cater to all kinds of traders. So far, my trading activities are going well and I see no problem in their services at all.

Tyan trader
review SuperForex
15-09-21

I use two systems for deposit and withdraw: Neteller and Epayments. My trading involves currency like EUR/USD,USD/JPY, JPY/GBP, CHF/USD and Gold or Oil depending the trend of the market on the last two. I made around $500 profit in the first month. The trading process goes smoothly before profit. Their analitycs of forex market, which really helped me to form a strategy. I am very satisfied and very pleased that I can trade with Superforex.

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