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General Forex

List Of Forex Brokers – How to Compare a List of Online Forex Brokers to Find the One Best Suited to Your Trading Needs

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List Of Forex Brokers

With the recent explosion of Forex brokers in the retail market it can prove difficult in selecting one which is best suited to your trading needs. A useful way to make a comparison is to make a list of online Forex Brokers and record information about their account facilities. In this way you will be able to make a direct comparison and ultimately an informed decision based upon your trading requirements. List Of Forex Brokers

When making a list of online Forex brokers to compare note down the pros and cons of each broker. You many find if useful to consider the following points:

The trading platform offered by the Forex Broker

Most Forex brokers will allow you to open a free demo account. Demo accounts can be set up in just a matter of minutes and offer the opportunity to make an initial assessment of the platform and what is has to offer. Usually all the features of the live platform will be made available, allowing you to establish whether it will be likely to suit your needs. This can also be a good time to test out the level of service provided and the efficiency of the broker in dealing with any queries that you may have.

Instructional material on offer from the broker

Instructions on how to operate the trading platform will be provided by the broker. This will be designed to familiarise you with the platforms operation and showcase particular features. You will also often find you are given access to free guides covering the basics of the Forex Markets and an introduction to fundamental and technical analysis. List Of Forex Brokers

If you are experienced in Forex then much of this beginner material may not be of interest. Look instead for any advanced training material on offer. This may include articles or possibly even free structured courses or webinars. Bear in mind though that you many have to open a live account in order to access these facilities.

Account types offered by the broker

As competition for retail customer increases online Forex brokers are becoming more competitive. This has led to brokers increasingly offering both Mini and Micro accounts. These allow you to trade smaller ‘lots’ than have been available previously. If you intend to trade with a smaller amount of capital then look for these accounts while you get used to the markets as they will help you to balance risk.

Account Deposit currencies

Accounts are generally denominated in US dollars. Increasingly however brokers are offering accounts in other currencies. JPY, EUR, GBP and regional currencies are now offered by some brokers. Ensure you compare the range of deposit options available if it is important for you to trade in your regional currency..

By creating a list of online Forex Brokers you will quickly be able to compare brokers. This will help you to ensure that you are able to select the Forex broker with the best set of facilities to meet your needs. List Of Forex Brokers

General Forex

Best Forex Broker Uk – Why You Need to Choose a Regulated Forex Broker

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Best Forex Broker Uk

When it comes to selecting a Forex broker there are many criteria on which you can base your decision including the brokers trading platform, currency spreads and the levels of leverage available. These can make the decision as to which broker to choose difficult. However the most important factor in your selection process is to ensure that the broker you select is a regulated Forex broker. Best Forex Broker Uk

What it means to be a regulated Forex broker

Regulated Forex brokers have membership of a regulated financial authority. This requires that their company activities are monitored and that they adhere to a strict set of criteria set out by the regulatory body in order to run their business.

In order to become regulated a Currency Brokerage firm will need to meet and maintain a minimum set of requirements on an ongoing basis. These requirements include maintaining sufficient financial assets to ensure the continued operation of the company and also following strict operational standards and procedures as defined by the authority.

Part of this regulation requires them to maintain transparency in their financial documentation. They will also be required to submit detailed financial reports and can be fined or have their membership terminated if they fail to do so. Failure to comply with guidelines set out for this documentation can also lead to similar penalties.

Why you should look for a regulated Forex broker

Regulated Forex brokers have to adhere to a set of guidelines which are designed to help both protect and maintain a level of service to the client. They are also accountable for their actions to the authorities of which they are members.

A key point here is that client deposits are held separately from company funds. Regulation dictates that client deposits cannot be used to fund the broker’s operational activities which help to ensure the safety of your money. This also offers protection to the client in the event that the broker goes bankrupt as funds held in the client account cannot be used to pay back creditors.

Regulations also apply to areas such as the personal information held of clients, quality assurance standards maintained by the broker, monitoring of fraud and customer service and support. Best Forex Broker Uk

How to check that a Forex Broker is regulated

You can easily find out if a Forex Broker is regulated As a results of previous problems in the market place, most regulated Forex brokers will now detail their regulatory status on their website. They will also list any applicable membership of other financial authorities.

The actual body that a broker is regulated with by will vary on the country of jurisdiction of the Forex broker. Countries with dedicated regulatory agencies include the USA, UK, Euro zone, Japan, Australia and Switzerland.

Examples of regulatory authorities include the National Futures Association (NFA) or Commodity Futures Trading Commission or (CFTC) for US brokers, the Financial Services Authority (FSA) for UK based brokers and MiFID and CySEC for Euro zone brokers. You can check the full regulatory standards on the regulatory authorities’ website.

A broker is not required to have membership of multiple regulatory bodies as each of these bodies will help to protect against fraud and manipulative trade practices. It is however important that the broker that you select is a member of at least one.

So when you come to choosing your broker take time to make sure that your Forex broker is regulated. At the very least you will ensure you receive service based on a regulated set of standards and if the worst happens and your broker suffers financial difficulties, your deposited funds will be protected. Best Forex Broker Uk

Forex Trading Articles

Results to the Best Forex Trading Hours

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Forex trading is a wonderful chance to start a home adventure and barter currency for outstanding profit. It’s likewise a non stop market that’s open twenty-four hours a day with the exclusion of weekends. This signifies that the market can be embarked on at whatsoever time and trading can be done to fit roughly with your everyday tasks. This makes Forex trading extremely attracting indeed. If we only knew the best times to trades that would be even more beneficial for potentially larger gross margins. It’s in this report you’ll find the best Forex trading hours.

First of all we had better fully appreciate the operating hours, and some authoritative statistics. They’re elaborated on below.

A. Forex trading begins at five o’clock EST on Sunday and works through to Friday four o’clock EST and does not cease in between.
B. Trading commences in New Zealand, then Australia, Asia into the Middle East, Europe and then The United States of America
C. Over one-half of the absolute dealings are accounted for between the United States of America and Great Britain.
D. The bulk of New York transactions are done in their morning while the European markets are prevalent.
E. It’s when a few of these continents opening hours convergence that most trades come about.

As a result of the astonishing liquidity of Forex, and the fact that the market doesn’t end for over five days of the calendar week, this provides outstanding freedom for anybody to embark into trades when the feeling takes them. As one market closes, a different one opens and hours will forever intersect to give uninterrupted chances irrespective if it is day or night wherever you are.

The trading hours you would like to anticipate is when the Forex volume is overflowing. Forex market intensity are always eminent, but are notably higher when the huge markets (ie. Asian markets, European markets, and the United States markets) are open at the same time. These are the trading hours you prefer to exploit to search out the greatest quantity of profit making trades.

If you study the opening hours of these major currency markets you’ll discover that there are times when the big shots opening times convergence. For instance the Asian and European markets will be open collectively between two am and four am EST. Similarly, the European market and the United States markets are open together between eight am and twelve pm EST.

So as far as the finest Forex trading hours goes, center your time on when the big boys intersect and you’ll see huge trade opportunities to exploit for good gains. In my belief, this is where the immense profits are to be got. You’ll evidently need a good Forex system in situ etc, but if you also have the best trading hours then you’re heaping the odds in your favor.

 

General Forex

Best Forex Trading Accounts – Invest In The Best Forex Trading Program Online Now

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Best Forex Trading Accounts

The process of managing a Forex trading account can be a very difficult task to handle, but it definitely becomes much easier if you have access to the best Forex trading program online right now. A program can take all of the factors and variables that change the values of currencies on the Forex and provide reliable investment recommendations to you that are based on highly advanced algorithms. Best Forex Trading Accounts

If you purchase one of these trading programs though, you should certainly be aware of the different characteristics that can be found in these types of programs. You should also look for a product that can help you adapt to the different types of market environments. If you find yourself caught in a bear market, you may want to trade the market in a different manner than you would trade a bull market.

It is also important that you find a program that provides all of the resources you need to create profitable trades. If you utilize a program that does not provide a large amount of tools, you will likely have an insufficient amount of information at your disposal in order to make informed investment decisions. If you use a program that provides a large amount of tools though, you always make completely informed investment decisions, no matter how complex the investments you are working with may be.

The best Forex trading program online is a program that can also initiate trades on your behalf as well. A program that can actually submit trades on your behalf can make much more profitable trades overall, because programs of this type can make moves much faster than you would be able to make on your own. In fact, programs that make trades for you can enter into investments at the best possible time to increase the amount of profit you generate from each trade. Best Forex Trading Accounts

There are many Forex trading programs online today. The very best programs available to you right now are not the programs that were built by individuals who are skilled at designing software though. The best programs available to you right now were built by individuals who are very knowledgeable about the complexities of the Forex market and the complexities of modern software.

Once you find a program that has been built by knowledgeable software developer and knowledgeable Forex traders, you can be certain that you have discovered a very valuable product. By using software of this type, you will be able to not only make Forex trades with ease, but you will also be able to make consistently profitable investments as well.

The best software available can easily meet all of your trading requirements. Whether you need a program that can trade for you, or you simply need a program that can provide accurate and reliable investment recommendations, it is likely that there is a perfect program available for you on the open market. Once you find a piece of software that was designed by knowledgeable professionals, you can be certain that you have found the best Forex trading program online right now. Best Forex Trading Accounts

Forex Trading Articles

Best Forex Trading Indicators – 4 Simple Effective Ones for Bigger Profits

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Here we will look at some of the best Forex Trading indicators and how you can combine them into a simple robust Forex trading strategy for long term gains…

No single Forex trading indicator works all the time by itself and the way you combine them is essential. Many traders make the mistake of the thinking the more indicators they combine the better – Wrong!

If you do this the system has too many elements to break; you only need a few and your Forex trading system will be simple and robust in the face of ever changing prices.

Right lets build our Forex trading system and look at some of the best Forex trading indicators to help you build a trend following Forex trading system.

First Identify the Trend.

This is obvious by looking at a bar chart but you also want to use moving averages as well. Simple moving averages are great in terms of smoothing out the fluctuations and two great periods to use are first, the 40 day MA to identify the long term trend. Secondly, use the 20 day MA to buy and sell back to in a strong trend and you will find this moving average is excellent for getting in on a trend in motion, with optimium risk / reward.

Spotting the Set Ups

We don’t have time to cover this in detail here but there are a couple of points that are the key to maximizing profits. Firstly, be patient and only trade high odds set ups and secondly, make sure you trade breaks to new highs and lows all the big trends start and continue from them so you need to trade them.

Bollinger Bands – Check Volatility and Standard Deviation

Ask most traders what standard deviation of price is and you will probably get a blank look but an understanding of standard deviation of price and volatility is something that all forex traders need to know about and if you don’t, make part of your forex education and learn about Bollinger Bands.

Bollinger Bands are not used to for market timing – but give you an all round view of volatility price and when you understand this concept, Bollinger Bands can help you in 3 ways:

They can alert you to potential big moves, help set targets and spot market value and entry levels.

Best Forex Trading Indicators for Confirming

When you spot a potential opportunity, you need to confirm the move and make sure price momentum is going the way you wish to trade. There are plenty of momentum indicators but for the last 25 Years I have found the following two the best. There easy to learn and apply, lets take a quick look at them.

The Relative Strength Index (RSI)

A great leading indicator to time your trading signals with. If the RSI supports your view of the market you can use it in strong trends – or when it diverges from the prevailing trend ( from over bought or over sold) to enter trades against the prevailing trend.

The Stochastic Indicator

The best Forex trading indicator of all for better market timing and when combined with the RSI you have a dynamite combination. The stochastic is a simple indicator but is the ultimate timing tool for timing trading signals in my view. If you use stochastic crossovers to confirm your move, you will get the odds on your side. It’s also very effective for timing contrary positions. A stochastic cross, from over bought or oversold levels, against the trend is a highly effective way of getting in on the big contrary trades.

Simple and Effective

There are other great indicators around such as the ADX indicator, MACD and many others but as a blend the above 4 indicators with a bar chart are my best forex trading indicators for profit and they have served me well over the last 25 years.

The indicators are easy to learn, apply and if blended correctly, can add a new dimension to your forex trading strategy.