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

Wong Koko trader
review TraderNet
20-01-22

TraderNet has good trading conditions, which give an advantage for its traders. I am satisfied with the 1.3 pips spread and MT4 platforms performance. Here the execution speed is so fast and hasn't any delays, including with many advanced Tools. I have used one-click trading, the printing of charts, Expert Advisors (EAs) and Technical Indicators. TraderNet provided real-time prices in all major currencies pair and real profitable analysis. They are reliable because all withdrawals are processed within 4 hours via the Skrill account. They are also regulated by the FFMS so I can also trust themselves in the forex market which I needed.

Daren trader
review DeltaStock
20-01-22

I want to find a good broker. Delta Stock was very unprofessional. I was disappointed because they can not fulfill everything I wanted. Signal is often problematic. Each I contact customer support are always not answered. It’s hard to trade with Delta Stock, it likes throwing away my hard earned money. leverage limits not suit my trading, staff are too pushy and the MT4 system has too many delays. The spreads they offered are nothing because it increase during news. Sometimes big slippage occurs on unexpected times and opens trades in odd times.

Hudson trader
review Friedberg Direct
19-01-22

I opened an account with Friedberg Direct 3 months ago. I can say that trading execution is very fast, and the support team also have been helpful so far. Their platform is also the best. However, Friedberg Direct broker is much better than the other broker. They are definitely not a scam. I have withdrawn the profit that I made today and I decided to continue my trading here.

Luisy trader
review Aetos
18-01-22

Since the beginning, I realized that Aetos broker is well organized, especially with deposits and withdrawals, because this point is very important for traders. I started with a deposit of $100, and I saw my first earnings in just two weeks. Spreads are narrow as I tried EUR/USD, and spreads range from 2 pips, which is very ideal. When I made a withdrawal request by Neteller, I realized that this process didn’t take more than 1 day. My money was sent very fast! Execution of deals is high-speed, and with Aetos, also re-quotes don’t exist. So totally satisfied to trade with Aetos broker.

Marc trader
review Grand Option
18-01-22

This broker is so bad and they are flat-out stealing from traders. Grand Option has stolen 3-4 pips from all my profitable positions. I'm trading an ECN account and apparently all my trades need to go 3-4 pips beyond my take profit level before they close out. I'm labeling this broker as a SCAM even though they are the largest Forex broker in the world. I haven't even been here for a week, so stay away from this broker. They are scammer and they just want to steal your money. The platform doesn't work properly and you get so many re-quotes. All I can say about this broker is bad and their trading system are weird. I don't like them. Platform is not user-friendly.

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