Tag Archives: forex

Forex Trading Articles

Currency Trading Australia – Forex Trading Hours

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Currency Trading Australia

Foreign Exchange (FOREX) Trading is the buying and selling of international currencies. Because the trading parties can come from every corner of the globe, there are various time differences that need to be taken into consideration when you engage in trading.

The first trade market begins in Tokyo, Japan, at 7:00 pm Eastern Standard Time

(EST) followed by markets in Singapore and Hong Kong that both open at 9:00 pm EST. The Frankfurt market opens at 2:00 am EST, followed by London at 3:00 am EST, for the European market. By 4:00 am EST, the Asian market has closed and all trading stops in that area of the world. The European market on the other hand is in its busiest time.

The market in the United States of America starts in New York at 8:00 am EST. By this time, the European market is coming to a close. The market in Australia comes to life at around 5:00 pm EST, and by 7:00 pm, the Japan market starts up again in Tokyo, completing one trading day. Currency Trading Australia

This is why FOREX trading is a round the clock, 24-hours-a-day industry.

When looking for companies, or brokers, it is best to be able to look for those who have an international reach and have business hours covering the different time zones. Many companies have business hours starting from 2:30 pm EST on Sunday to 4:30 pm on Friday.

The availability of the company is important for you to be able to extend your influence in the markets from Sydney, Tokyo, Hong Kong, Singapore, Moscow, Frankfurt, London, New York and Los Angeles, and trading in currencies such as the Australian dollar, Yen, US dollar, and European Euro. You want to be able to take advantage of the high availability of the market and the always-liquid currencies. Currency Trading Australia

General Forex

Introducing Forex Broker – Forex Bonus Programs Of Brokers And Introducing Brokers

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Introducing Forex Broker

Years ago, the minimum investment for speculators in the Forex market ran to as high as $10 million, a figure that restricted foreign exchange trading to banks, investment firms, Forex trading firms, and wealthy individual traders. Because of the internet and retail Forex brokers, a trader who has only $200 or less can now participate in foreign exchange spot trading through a home computer.

The increasing number of participants in currency trading with limited capital presented an opportunity for brokers to present them with Forex bonus programs that boost the traders’ incomes and attract more traders to pick the brokers’ services.

There are various ways that brokers present their bonus systems. Some brokers reward their new members simply for joining them by increasing the members’ initial deposits while treating their old clients with a similar deal. For example, a trader who opens an account with a broker who offers a joining bonus of 30% can earn an extra $300 for an initial deposit of $1000. Introducing Forex Broker

Some brokers reward high-earning traders by showering them with prizes in proportion to their profits. Under this scheme, a trader will be motivated to earn more as his Forex bonus proportionately increases with his Forex trading income.

Like Forex brokers, introducing brokers, who match traders with Forex dealing firms that pay them for their referral service, are also generous to their clients. These introducing brokers pay traders for every transaction that they make.

Choosing a bonus program can be as confusing and tricky as picking the right Forex broker. While most rewards are tempting, the wise trader research and evaluate before settling with an incentive system. Introducing Forex Broker

Forex Trading Articles

Meta Trader Mobile – How to Use Meta Trader and Generate More Money in Forex Trading

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Meta Trader Mobile

Meta trader is a platform that is commonly used for trading purposes. The most common users of the Meta trader can be found within the financial institutions particularly those who are in the CFD or forex trading market. But since this is an online platform, there are still so many who are unaware on how to use Meta trader.

If you want to know how to use Meta trader, you must first install the software in your laptop or computer. The program will then tell you how it can help you determine the current cycle of this type of trading market. As soon as you run the software in your computer, you will see different charts with various indicators that are related to forex trading.

Although Meta traders look deceiving, you can actually get the hang of it after trying using the program for a couple of days. You can even manipulate the buttons and the indicators of the trading software according to your specifications and needs. Meta Trader Mobile

By using this as part of your trading strategies in this market, it can help you generate more profit whether you are an amateur or already a pro in the said niche. Imagine having a tool that would help you predict whether the market will be stable in the coming minutes or hours. You will be able to do the trade with so much confidence since you have to depend on. There will be faster trades and most of them can even monitor the forex market every second.

With all the innovations on this trading platform, you have the chance to trade while on the road since it now allows trading using your mobile phone. Meta Trader Mobile

General Forex

Forex Lessons – Beginner Lesson For Wannabe Forex Traders

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Forex Lessons

Forex training classes are a great way to learn to trade forex. They are basically a method of getting a good grounding of knowledge from which to springboard a successful trading career. In this article, let me give you your first lesson of forex.

The Big Global Picture

Forex is how much you can sell one currency for to buy another – just like when you go on vacation.

But what affects forex prices is the big global picture. It is not just the economic picture but anything that affects a country.

So, forex prices will also be influenced by war, the threat of war, emigration patterns, the weather and much more. This is what makes forex so fascinating, because it is influenced by pretty much everything. Forex Lessons

Buyers And Sellers

If you look at a forex chart for today, it will look like a bunch of waves, moving up and down. What causes these up and down movements is the pulling and pushing between buyers and sellers of a currency.

At any given time, there can be more people wanting to buy or there can be more people wanting to sell.

Just understand that the price movements, although influenced by global events, are actually drive by individuals in the market. Forex Lessons

Forex Is Not Gambling!

In gambling, whether you are betting on a sportsbook or at a casino, the house has a huge edge against you. It makes it very, very difficult to consistently win.

In forex, the commissions or fees that you pay to trade are minuscule in comparison. This means that, so long as you are disciplined, it is not difficult to make consistent profits.

The only obstacle to that is yourself…

Discipline

After you learn the basics, the most important thing that you need is discipline. Never trade on a “gut feel” and don’t risk more money if you’re losing. This is the mentality of a gambler soon to lose all his money.

Instead, you should trade based on good decisions, based on logic. Remove emotion from the equation as much as you can. Always practice good risk management and don’t risk too much on a single trade.

These are the traits that make the difference between a winning and a losing trader. Forex Lessons

Forex Trading Articles

The Best Fx Trading Platform – Easier Method to Learn Forex Trading

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The Best Fx Trading Platform

If you’re a person who have difficulties in learning by reading a bunch of theories, step by step guidance may be the one that you need. In other words, you’ll learn better with a good forex trading tutorial that split the lessons in a few steps and make you do the steps yourself so it can be easier to understand.

Nevertheless, if you’re not familiar with forex trading at all, you still have to start with theories such as definition of leverage, pips, currency pair, etc. But since the motto of a good forex trading tutorial is “make the student do it”, here’s what you should do:

1. Open a demo account in an online forex broker that uses MetaTrader4 trading platform. Here are some suggestions: AvaFX, TadawulFX, and FXCM. Note that AvaFX and FXCM offer two types of trading platform, so make sure you choose MetaTrader4 (also known as MT4).

2. After you install the platform, log in and check the platform interface. With the trading platform before you, it’ll be easier to explain something and you can test it right away.

By default, the top left area is the currency pair column. The “symbol” column consist of currency pairs such as USDCHF (US Dollar and Swiss Franc), GBPUSD (British Pound Sterling and US Dollar), EURUSD (Euro and US Dollar), and so on. The Best Fx Trading Platform

The next column is “bid” (also known as “sell”) column; it represents how much you will get for selling the first currency. Example: sell EURUSD at bid rate 1.362 means you spend EUR 1 to gain USD 1.362.

The “ask” (also known as “buy”) column represents how much you must spend the second currency to gain the first currency. Example: buy EURUSD at ask rate 1.378 means you spend USD 1.378 to gain EUR 1.

Now right click on one of the currency pair and click “new order”. A new order window will pop out and you’ll see two big “sell” and “buy” button. Try to click one of them and you’ll get a confirmation message that you have executed the order successfully. You can check your trade information at the “trade” tab at the bottom of your MT4 platform.

A forex trading tutorial that makes the student always actively participate in the lesson can make it easier for a new trader to understand how forex trading works. If you can understand your trading platform interface and their uses at the end of the tutorial, you have mastered the basis of forex trading. The Best Fx Trading Platform