Forex Articles

Myths about Forex

The currency exchange market, or Forex, is well-known to numerous people. Private traders as well as various companies work on Forex. Currency operations are getting more and more popular with every coming day.

Introduction to Forex trading

The essence of any market is buying an item at a lower price and selling it at a higher price. In this regard, the Forex market is no exception, the only difference is that items on the foreign currency market are represented by foreign currencies that have their own prices.

Forex trading strategies

Every trader chooses the most convenient method of trading. The type of Forex trading a trader uses depends on his first-hand experience in money management and the significance of money in his life. There are a lot of strategies of trading on Forex.

Forex market trading hours

The international currency market operates 24 hours a day, 5 days a week, excluding public holidays when all banks are closed. In each time zone there are establishments, selling or buying currency during their working hours.

Forex participants

To start Forex trading, you have to realize what place a private investor occupies on Forex, or, in other words, the role of a trader in the global system of currency exchange.

Advantages of Forex

The foreign exchange market or Forex has the incontestable advantages thanks to those everyone regardless of location, education and income, has the opportunity to trade. All you need is a computer and an internet access.

The guidelines for choosing a broker

Nowadays there are a lot of companies, providing access to online trading on Forex market. Quite often even experienced traders have difficulties choosing a broker that would meet the requirements of convenient and, what is more important, profitable trading on Forex market.

Trend indicators

For allowing a trader to determine the market movement direction the trend indicators were worked out. As a rule, they are not restricted by moving averages. They include such instruments as price models, support and resistance lines, trend lines.

Several ways of employing Fibonacci levels

Each trader applying technical analysis has many postulates he relies on in trading. Quite often it turns out that traders do not go deep into the matter, guided by their market experience only. However, there are effective theories applied to the markets which lack substantial ground. They can be proved by statistics only. This is the kind of theories Fibonacci number theory is attributed to.

Classical Trader’s rules

In order to become successful on the currency market a trader must follow the range of rules. Below we consider the classical trader’s rules which will help you to organize your work on the market in such way that you will have a success and profit on the market.
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Feedback from traders

Lone trader
review Blackwell Global
08-05-25

Everything are great with them. However, their withdrawal process sucks. I'm waiting for about 2 weeks now. No update at all.

Guy trader
review Option365
06-05-25

I just joined this broker last year, but I have many problems with this broker. At first, all seems good. But few months later, they show their true colors. Withdrawal process too long to settle. Customer support too busy too handle my problem. It’s so bad, and I decided to stop trading with this broker.

Roxanne trader
review Velocity Trade
05-05-25

Velocity Trade is a reputable broker offering reliable services. They consistently exceed my expectations. Withdrawals are quick; they are processed within a day or just a few hours, and the execution of my orders is nearly instant—superb customer service and the best spreads I have encountered. My MT4 platform operates smoothly. I will continue to use Velocity Trade!

Albert S Barker trader
review MRTMarkets
30-04-25

MRTMarkets has poor execution and service. Additionally, their spread is not suitable for day traders. As always, my position experienced slippage, and I found a misleading price quote, which differs from the live market rate. Therefore, I have decided to withdraw my money, and I believe investing is risky with the MRTMarkets broker.

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review MTI Markets
29-04-25

I like how they serve their clients, so professional. The terminal is not buggy, they give good bonuses with acceptable rules. I also have no problems with their platform tools.

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