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

Sonia trader
review Tifia
16-09-21

The trading conditions of Tifia are decent. In fact, I haven't encountered any trouble while making my trades. Sadly, the customer support is not very helpful. When I try to contact them, it takes them a while before responding. Sometimes, they don't reply at all.

Gio trader
review InstaForex
16-09-21

Since I started trading with last August, I've ben made an average profit of $150/week and every week I made withdraw of my profits via my Skrill. It has became a second income and I'm very happy with it. Then, they solved my problem in less than 1 day, and the money came to my account. Their customer support is helpful and professional. Recently, I won some of their prizes in the contest that they organize. Sum up, InstaForex is worth the best broker in Asia and I highly recommend this broker to all

Hayatu trader
review FP Markets
15-09-21

FP Markets is terrible. I tried trading with them for a month but all of my trading activities failed because their platform kept crashing. Good thing I did not invest a huge amount of money. Or else, I would have lost everything.

Carina trader
review MOCAZ
15-09-21

I am holding a basic micro account at MOCAZ because it is what I can afford. I am grateful that the broker offers different account types so they could cater to all kinds of traders. So far, my trading activities are going well and I see no problem in their services at all.

Tyan trader
review SuperForex
15-09-21

I use two systems for deposit and withdraw: Neteller and Epayments. My trading involves currency like EUR/USD,USD/JPY, JPY/GBP, CHF/USD and Gold or Oil depending the trend of the market on the last two. I made around $500 profit in the first month. The trading process goes smoothly before profit. Their analitycs of forex market, which really helped me to form a strategy. I am very satisfied and very pleased that I can trade with Superforex.

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