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

Augustine trader
review Think Markets
19-11-20

I am disappointed to trade on the Think Market's trader platform in a Pro-account. As this platform has a lot of problems like slippage or slow execution, tools or EA didn't work. So my pending orders always risky for execute to my preferred position or close my order. So I had lost $550 in the running market. That's why recently I like to avoid trading with Think Market and withdrawn my rest invest.

Evakoda trader
review PaxForex
19-11-20

I’ve been trading CFD's with PaxForex for last 4 months it’s been great, super quick execution and a great selection of CFD pairs. I trade on metal mainly and the pricing is very tight. I have made profit withdrawals of over $3000 without any problem and most of the time I got money within 4 hours. Recently I moved over from MT4 platform to web platform, because their web platform is very convenient for me. I have no objection about this broker.

Sudip trader
review InstaForex
19-11-20

I have been with Instaforex for more than three years now and all I can say is they have excellent trading services. The platforms are all stable and easy to use, the spread is fixed and low, the customer support team is dependable, and they even have various programs to make the trading experience much more fun and productive. One example is their regular contests which is a great motivation to do better in trading.

Tamas trader
review PrivateFX
19-11-20

It has been seven months since I started trading at PrivateFX. So far, I can say that their trading platform is really easy to use and it can even handle high volatility in the market. My only problem really is that since their spread is not fixed, it goes up so high especially during news announcements. With this, I rather avoid news trading because the cost is too high.

Sebastian trader
review ATC Brokers
19-11-20

I've traded at ATC Brokers. The platform price quote is always same as the real market. Also, their spread is fixed, and execution is instant. I never get negative slippage and requote so far. Till now, I've earned around $1200. So I had succeeded to set my trading strategy with them. I used to withdraw my fund through Skrill, and it only takes 6 hours maximum to be successful. So I have a pleasant trading experience with ATC Brokers.

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