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.

Feedback from traders

Sillo trader
review NPBFX

I lost $368 in single trade due to their bad platform. The platform is not user friendly and it's really hard to customize. Spreads get higher too often, which cannot be an advantage for possible profits. And I think their platform is not suitable for beginners, it crashes many times and very confusing to use. Also, they don't provide a good support team. I closed my account at this broker and will never trust my trade with them anymore.

Luccy trader
review Tifia

I have been trading with Tifia for two years, and I'm so pleased with their service. They provide a good service for the client. It's profitable trading with them. The platform has good quality, works well, instant order execution, fixed spreads, real prices, and no slippage during my trades. The withdrawal process is also fast and easy, it is always successful within 3 hours. I have nothing to complain about Tifia. They always have a way of making my trading smooth. They are professional broker, I highly recommend Tifia to all traders.

Nuggy trader
review MaxiMarkets

MaxiMarket is not a recommended broker. I started to trade with them, I felt disappointed because the system is so confusing. Software frequently used experiences connection issues and trading pages filled with spam and other junk. The trading process takes a long time to be done, and it's really hard trading with MaxiMarket. I lost my account with a deposit that I deposited, and all of my profits were also canceled. Customer support ignored me. Stay away from this broker. They don't provide complete information about trading rules and leave the user if an error occurs.

Forla trader
review NSFX

I have been with NSFX for six months. Since I sign up for an account, I never got any problems. I choose to invest my money in NSFX because they always provide excellent services. The trading platform is working great with instant order executions. And they took only a small fee, and I think it's reasonable. I'm delighted with them, and I used to withdraw my fund through Skrill. I would like to recommend them to all traders.

Mahajo trader
review Price Markets

I have the most awful experience with Price Markets broker. Last month my EA placed a sell order on EUR/USD pair at their platform. It was a trade that was giving me a 74 pips profit when I planning to close my trades. However, when I tried to close this trade manually but their servers hangs for 45 minutes. Then the price started growing, and I lost an amount of $215 with them due to their server problem. When I contacted their live support, they said it was closed normally by stop loss of my EA and had no problem. Unbelievable. I'm closing my account after. I don't want to continue my trading with an irresponsible broker.

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