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.

Feedback from traders

Chandler trader
review SuperForex

SuperForex is the first choice for forex trading. really I am profitable with a stable MT4 platform in a mini account, As I got fixed spread, which is the best for my scalping strategy. I have traded by the EA and always it works well a fast execution. while that has an integrated EA, but am using a paid EA. So the trading journey of mine is smooth. Even I haven't any problem with withdrawals money and all withdrawal request have happened within time. That's why I am preferring the SuperForex platform.

Hyida trader
review ForexMart

To be honest, the only thing that I do not like about ForexMart is their limited trading platform. Their platform works really well and I have no issue in using it. But I was hoping that they will soon have a mobile platform so I can access my trades even when I am outside.

Balqees trader
review InstaForex

Instaforex is my first broker and in fact the only broker I tried. I have been trading with it for two years and a half now and I am really loving my experience. Of course, it is not perfect. Sometimes, the broker would have technical issues in their platform but they are always able to resolve it immediately. Hence, it does not really interrupt with my trading activities that much.

Wendy trader
review SuperForex

SuperForex is the best broker I've ever trade with. I put a deposit of $100 through Skrill, and I just waited for a few hours to see my money deposited. After that, I applied for a bonus of 40%, which was given to me in a very short time of period. They never delay any process, always process it quickly and on time. Their trading conditions are suitable for making good earnings, such as fixed spreads and fast trading execution. For slippage, compare with other brokers, is normal. Therefore, I have a stable profit of around $400 monthly, and it's awesome. The commission charge is low, so it doesn't affect my balance too much. So satisfied to trade with them. SuperForex is a reliable broker that I would highly recommend to all traders.

Gus Cosio trader
review InstaForex

I am pleased with the InstaForex trading platform, As all of my orders are executed in a moment and their spreads are fixed and they didn't change it. Besides I can use specific tradings tools for automatic trading or analysing. Another is they have vast bonus programs, especially I got a 30% bonus on my every deposit. That's why I am preferring to trade at Instaforex.

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