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Tuesday, April 2, 2019

How To Choose A Forex Broker?

How To Choose A Forex Broker?
How to choose a Forex broker for online forex trading, is important for forex traders. 
Let’s say that you are just getting started in online forex trading and you don’t even know how to choose a Forex Broker. Or, perhaps you have been trading foreign currency for some time, but you want to check out what other forex brokers are available. Maybe you’re not happy with your current forex broker and you want to find a new one. 
Here we will discuss in detail what we think you should know about choosing a forex broker. 
Also, you can check out our recommended brokers section to see some of the forex brokers that we feel are worthwhile. Also, you can download our free Forex Broker Checklist to use for your broker search.
How to choose a forex broker

Low Spreads or Transaction Fees for Online Forex Trading

Transaction costs are calculated in pips. The lower the better. The spread is the difference between Ask prices and the Bid. While most forex brokers don’t technically charge commissions or fees for their services, they get their piece of the action by the spread. The higher the spread, the less money you will make on any given transaction. Generally, spreads are currently between 2-5 pips on average. Be careful of forex brokers advertising 0 pip spreads. They are likely charging fees in some other way. Read the fine print.

Leverage Options and Margin Requirements

Leverage can be a good thing, or a bad thing, depending on how you use it. Better brokers will have different leverage options, meaning a selection of leverage ratios. Perhaps a 400:1 leverage ratio is too high for you. Do they have a 200:1, or 100:1 option? 400:1 is great leverage, but remember, while it can help multiply your profits, it can just as quickly multiply your losses. The higher the leverage, the higher the risk. The lower the leverage, the lower the risk. Perhaps if you are just starting out, you’d like to start with 100:1 leverage. As you get more experience and can take bigger risks for bigger rewards, are you able to move it up to 200:1, or some other ratio. You need a forex broker that can offer the leverage values you want.

 Of course, you also need to remember that lower leverage means lower risk of a margin call, but it also means that you will get a lower profit. Basically, if you have limited capital, you might want to make sure that your broker offers high leverage. If capital is not a problem, you can rest assured that any broker that has a wide variety of leverage options should be sufficient. Different leverage options let you vary the amount of risk you are willing to take. For example, less leverage (and therefore less risk) may be preferable if you are dealing with highly volatile currency pairs. The lower the margin requirement (meaning the higher the leverage), the greater the potential for higher profits and losses. Margin percentages vary from .25% and up. Low margin requirements are great when your trades are good, but not so great when you are wrong.

 Most of the brokers pay interest on a trader’s margin account. The financing costs regularly change with the predominant national rates. If you decide to take an extended break from trading, or if you use good money management techniques and maintain a good free margin balance, the money in your margin account will be accruing interest. Keep in mind that most forex brokers do not allow you to accrue interest unless your margin requirement is at least 2% (50:1).

Forex Brokers Customer Service

Almost nothing is as valuable as good customer service, especially with online forex trading. Even if you don’t use it, you should have access to some minimum service requirements. Does the Forex broker have 24-hour support? Can you contact them by phone? Email? Chat? When you talk to them, do the people seem knowledgeable? If you can’t get a hold of them right away, or if you email them, is their response time short? Contact several brokers and ask them questions. Find out which of them works best to help you and answer your questions, or even to help train you in forex trading. If you don’t feel that warm fuzzy from a given broker, move on to the next one. A word of caution… service might be better before you open and fund a real money account. In the event that you observe that to be the situation, pull back your cash and proceed onward to another forex broker.

Quality of the Forex Broker


 If you get a personal recommendation by a friend for a great forex broker, definitely check them out. In any case, you want to make sure you have a quality broker. Forex brokers are not required to be enrolled or regulated with any organization since the Forex advertise is named as an "unregulated" market. However, the better brokers will typically be registered as a Futures Commission Merchant (FMC) as well as being regulated by the Commodity Futures Trading Commission (CFTC) and a member of the National Futures Association (NFA).  The CFTC and NFA were made to secure people in general against misrepresentation, control, and injurious trade rehearses. The NFA has a basic Forex Online Tutorial, as well as a quick primer about trading in the foreign currency market.

 The quality brokers are usually affiliated with large banks or lending institutions because of the amount of capital they have available. All this information is available if you do your research. Just make sure your forex trading broker of choice is backed by a reliable institution.

Forex Brokers Trading Tools and Research


Better brokers have trading tools available for their account holders to aid them in their forex trading. Additionally, most brokers will have some type of research accessible or showed legitimately on their web site. A good broker will have real-time charts and prices available, current news and data, technical analysis tools, and possibly support for 3rd party forex trading systems. And you should always make sure they have a practice trading account or free trial so you can test their trading platform and service.

Online Forex Trading Platform

Most, if not all, Brokers permit exchanging over the Web. The backbone of any online forex trading platform is their software system and as such is very important. Get a feel for the forex trading options that are available by trying out a trading demo account at different online brokers. Their forex trading platform should include the ability to view real-time currency exchange rate trading quotes, an account summary showing your current account balance with realized and unrealized profit and loss, margin available, and any margin locked in open positions.

Here is an example of a trading platform called MetaTrader:


 Most forex trading platforms are either Web-based or a client-based program you can install on your computer:

 Web-based trading software is hosted on your broker’s trading site. You won’t have to install any trading software on your own computer, and you can log in from any computer that has an Internet connection. These are preferred by most brokers, who think they are more safe and reliable. Java-based software tends to be less vulnerable to attack from viruses and hackers during transmissions than “download and install” software.

 A client-based software program, or one that you download and install, will only allow you to trade on the computer it is installed. These typically run faster, but most forex trading programs are operating system specific. For example, most brokers only offer their trading platform application to run on Microsoft Windows.

Forex Brokers Available Currency Pairs

Make sure that the prospective broker offers, at minimum, the seven major currencies (AUD, CAD, CHF, EUR, GBP, JPY, and USD).

Minimum Trading Size Requirement

The size of one lot may differ between forex brokers, spanning from 1,000 to 100,000 units. A “standard” lot is 100,000 units. A “mini” lot is 10,000 units. A “micro” lot is 1,000 units. Some online forex brokers even offer fractional unit sizes called odd lots allowing you to choose how many units you want to trade per lot. Pick a forex trading broker that meets your trading size requirements. If you are only starting an account with a couple of hundred dollars, you’ll want to find a forex broker that allows mini lot trades.

Forex Broker Trading Hours

Nearly all online forex brokers align their forex trading hours of operation to coincide with the hours of operation of the global Forex market: 5:00 pm EST Sunday through 4:00 pm EST Friday. Online forex trading occurs 24 hours a day between Sunday evening and Friday evening, so you will want to select a forex broker that will let you trade during all market hours.
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Thursday, May 3, 2018

Forex Fundamental and Technical Analysis - Best Method

Forex analysis , Forex Article
Forex Fundamental and Technical Analysis - Best Method

Technical and Fundamental Analysis


Previously we have known what is forex, broker, how to deposit and how to use MetaTrader. whether we have been said to decide buy or cell in forex trading? Of course not, without analysis in forex trading with gambling .. for that before we have to understand what is the technical analysis and fundamental analysis. 
There are two basic approaches to analyzing currency markets, fundamental analysis, and technical analysis. Fundamental analyzes analyze concentrated on the underlying causes of price movements, while technical analysis studies the movements of the price itself.

technical analysis and fundamental analysis


Technical analysis

Technical analysis is the use of action to attempt to predict future price movements, based on an analysis of past time and readings or understand the graphic representation. Although during the advent of various thoughts on various forms in technical analysis, generally all are based on the graphic history of the currency. As long as one is aware of the differences from the fundamental and technical analysis, both can also be used to connect with each other, even sometimes they have different conclusions.

Fundamental Analysis


A lesson from a specific situation, such as warfare, discovery, and change in a governing body, which can affect demand and supply, and consequently also on the market price. Fundamental analysis consists of examining the indicators of macroeconomics, consideration of market and political assets when evaluating a country's currency at a certain time between each other. Macroeconomic indicators include values such as growth values, as mentioned by Gross Value of Products of Domestic Income, interest rates, inflation, unemployment, money supply, State foreign exchange reserves, and productivity. 

Market assets consist of stocks, bonds, and housing. Political considerations result in a degree of trust in the government of a country, state of the situation of security stability and level of certainty. 

Sometimes the government stands when the market forces to make a serious impact on their finances, so the government intervenes directly to keep their country's finances in order not to deviate too far from the desired level. 

Financial interventions are initiated by the Central Bank and are usually scheduled although they have had an impact on the Forex market for a while. A Central Bank may take global buying/selling actions for each of its currencies in other currencies or bind itself to mutual interventions in collaboration with other central banks to at least confirm the effects of such interventions. Alternatively, some countries may manage their respective currencies,


Technical Analysis or Fundamental Analysis?

One of the most dominant debates in the financial market analysis is about the validation relationship of the second-tiered sequence of analysis, Fundamental and Technical.

Combining the two approaches is a great step for placement in the 3-month and one-year period. 

Nevertheless, the empirical evidence further unmasks that long-term technical analysis helps to identify long-term movement moves, However, most of the traders are more obedient to technical analysis because it does not take hours to learn. Technical analysis can follow many currency movements at one time.

Fundamental analysis, however, seeks to establish itself in excessive amounts of data within a market. Technical analysis works well because financial markets are always trying to build a strong direction of movement. When the technical analysis has been outlined, it will be easy to use for various time constraints in money market transactions. 


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Sunday, April 29, 2018

analysis and news

Market analysis and news ,
analysis and news
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Saturday, April 28, 2018

test

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Thursday, April 12, 2018

How to start Forex Trading | Learn Forex Trading Strategies

Forex , Forex Article
How to start Forex Trading | Learn Forex Trading Strategies
Hi trader!
Welcome to Ultimate Forex volumes, Want to start journey Forex Trading? Are sure? Then start learning Forex Trading Strategies.

Today several traders have troubled regarding the way to begin Forex trading, a number of their downside area unit major concern regarding the beginning up capital, nowadays We'll be sharing with you a service wherever you'll create your Forex career's a reality while not finance a dim, here you may get bonus straightaway you signup ready to use this bonus your trade this was however expertly used to be able to start there Forex career's.

So Let start from the beginning: 

Forex Trading

Trading interchange on the currency market, conjointly referred to as trading Forex, may be an exciting hobby and a good supply of financial gain. to place it into perspective, the exchange trades concerning $22.4 billion per day; The Forex market trades concerning $5 trillion per day. you'll trade Forex online in multiple ways in which.


Forex trading strategies

Learning Forex Trading Basics:

Understand the Basic Terms: Follow Me...

  1. The type of currency you're paying, or obtaining obviate, is that the base currency. The currency that you just square measure buying is termed quote currency. In Forex trading, you sell one currency to get another.
  2. The charge per unit tells you the way abundant you've got to pay in quote currency to buy base currency.
  3. A long position implies that you would like to shop for the bottom currency and sell the quote currency. In our example on top of, you'd wish to sell U.S. bucks to buy British pounds.
  4. A short position implies that you would like to shop for quote currency and sell base currency. In alternative words, you'd sell British pounds and buy U.S. dollars.
  5. The price is that the price at that your broker is willing to shop for base currency in exchange for quote currency. The bid is that the best worth at that you're willing to sell your quote currency on the market.
  6. The raise value, or the asking price, is that the value at that your broker can sell base currency in exchange for quote currency. The raise value is that the best out there value at that you're willing to shop for from the market.
  7. A spread is that the distinction between the value and therefore the raised price.
Read Forex Quotes:  You'll see 2 numbers on a Forex quote: The worth on the left and therefore the raised price on the correct.

Decide What currency you want to buy and sell: 
  • Make predictions concerning the economy. If you suspect that the U.S. economy can still weaken, that is unhealthy for the U.S. dollar, then you almost certainly wish to sell bucks in exchange for currency from a rustic wherever the economy is powerful.
  • Look at a country's trading position. If a rustic has several traders that are in demand, then the country can probably export several merchandises to create cash. This trading advantage can boost the country's economy, so boosting the worth of its currency.
  • Consider politics. If a rustic has an associate election, then the country's currency can appreciate if the winner of the election contains an in fiscal matters accountable agenda. Also, if the govt. of a rustic loosens rules for the economic process, the currency is probably going to extend in price.
  • Read economic reports. Reports on a country's gross domestic product, as an example, or reports concerning different economic factors like employment and inflation can have a sway on the worth of the country's currency.

It's Time to calculate your Profits:👍But how to calculate Profits?? : Let's see now:

  • A pip measures the modification in price between 2 currencies. Usually, one pip equals zero.0001 of a modification in price. as an example, if your EUR/USD trade moves from one.546 to 1.547, your currency price has accumulated by 10 pips.
  • Multiply the number of pips that your account has modified by the rate of exchange. This calculation can tell you ways abundant your account has hyperbolic or small in worth.

Search Brokerage / Research Brokerages right now:

  1. Different-es Brokers: Look for somebody who has been within the business for 10 years or a lot of. expertise indicates that the corporation is aware of what it's doing and is aware of a way to beware of shoppers.
  2. Check to check that the brokerage is regulated by a significant oversight body. If your broker voluntarily submits to government oversight, then you'll be able to feel confident concerning your broker's honesty and transparency. Some oversight bodies include:
  3. See what number product the broker offers. If the broker conjointly trades securities and commodities, as an example, then you recognize that the broker features a larger consumer base and a wider business reach.
  4. Read reviews, however, use caution. typically unscrupulous brokers can get in review sites and write reviews to spice up their own reputations. Reviews will provide you with a flavor for a broker, however, you must continuously take them with a grain of salt.
  5. Visit the broker's web site. It ought to look skilled, and links ought to move. If the web site says one thing like "Coming Soon!" or otherwise appearance amateur, then steer afar from that broker.
  6. Check on dealing prices for every trade. you must additionally check to visualize what proportion your bank can charge to wire cash into your Forex account.
  7. Focus on the necessities. you would like smart client support, straightforward transactions, and transparency. you ought to additionally gravitate toward brokers who have an honest name.

Open an account with your Broker:

You will open a private account otherwise you can opt for a managed account. With a private account, you'll execute your own trades. With a managed account, your broker can execute trades for you.

Complete your Paperwork:

You can kindle the work by mail or transfer it, sometimes within the variety of a PDF file. check that to ascertain the prices of transferring money from your checking account into your account. The fees can remove your profits.

Active your account:

Usually, the broker can send you associate degree email containing a link to activate your account. Click the link and follow the directions to urge started with trading.

Starting Trading:

First of all, market analyzing:  you can try to analyze your market.
  1. Technical Analysis: Technical analysis involves reviewing charts or historical information to predict however the currency can move supported past events. you'll sometimes acquire charts from your broker or use a preferred platform like Meta trader four.
  2. Fundamental Analysis: This type of study involves watching a country's economic fundamentals and mistreatment this info to influence your trading choices.
  3. Sentiment Analysis: This type of study involves observing a country's economic fundamentals and victimization this info to influence your trading choices.
Additional: Forex Fundamental and Technical Analysis - Best Method

Determine your margin:

Depending on your broker's policies, you'll invest a somewhat little bit of cash however still build huge trades.
  • For example, if you would like to trade a hundred,000 units at a margin of 1 p.c, your broker would force you to place $1,000 benefit Associate in Nursing account as security.
  • Your gains and losses can either augment the account or deduct from its price. For this reason, a decent general rule is to take a position solely 2 % of your profit a specific currency try!

Place your order: 

  • Market Order: With a market order, you instruct your broker to execute your buy/sell at the current market rate.
  • Limit Orders: These orders instruct your broker to execute a trade at a particular worth. for example, you'll be able to purchase currency once it reaches an exact worth or sells currency if it lowers to a selected worth.
  • Stop Orders: A order could be an option to obtain currency on top of the present worth (in anticipation that its value can increase) or to sell currency below the present value to chop your losses.
Last and final step to get Your Profit...

Must Watch your Profits/Loss:
Us dollar

Above all, do not get emotional. The Forex market is volatile, and you may see plenty of ups and downs. What matters is to continue doing all of your analysis and projecting along with your strategy. Eventually, you may see profits.


I had finished here now your turn lets start...
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