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

IvanMok trader
review ViproMarkets

I've satisfied with ViproMarkets Brokers' narrow spreads and fast execution on the MT4 platform, As I can doing scalping trading in the market and till now my gain is $200 plus in an ECN Pro account. Besides I have found all major news and analysis on the trading platform, which needs a scalper. Really I am profitable with ViproMarkets broker.

Agauda trader
review TopForex

I would personally advise that you to keep away from TopForex broker if you are an intraday FX trader or a news trader. I ever witnessed a 42-pip spread on pre-news event. Now it’s occur most of time. Another thing their client support is unprofessional and very slow. I had some query and chated with their live support, I experience their live chat service is awful, hardly they answered my queries in as short as possible, I did not like their approach. Moreover, TopForex is not a regulated broker

Karina trader
review Tradeview

If I could turn back the time, I would not attempt opening at Tradeview at all. This broker is terrible. I tried to make my trades but their poor quality platform would not execute it. Sometimes, it would execute a buy order but then it will not sell on the price that I want. I lost a lot on this broker and I regret being with them.

Liew trader
review Windsor Brokers

When I opened an account at Windsor Brokers, I deposited only the minimum amount. This small amount allowed me to make my trades and little by little, I was able to make it grow. Now, my portfolio is great and I am able to trade short-term already. With the help of the amazing services that this broker provided, I was able to grow as a trader.

Summy trader
review BCS Cyprus

BCS Cyprus is not a reliable broker. They don't have good trading conditions. I'm using their platform, and the platform crashed all the time. Also system down too often, It takes more than 10 minutes to be fixed, and it caused me to lose. I called their support and complained about it, but they will only say they will fix it soon, but the problem is still there. Since I always lose my money here, I decided to stop trading with them. I don't want to lose more money.

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