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General Forex

Start Forex Trading With Either FXcm Broker or Oanda

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When looking to enter the foreign exchange trading industry you require a solid trading platform with flexible and comprehensive features. Fxcm broker and Oanda are amongst the top foreign exchange trading platforms that promise to offer you several options in foreign exchange trading and much more.

Operating for about a decade now, fxcm has come a long way to establish itself as an authority in the industry. As an online foreign exchange trader or an fxcm broker, you will be able to enjoy round the clock currency trading services. The online foreign exchange trading platform offered by fxcm is a very tool especially for international traders and even for an fxcm broker. This tool will keep an fxcm broker ahead of competition.

Spreads at fxcm are known to have tipped over 1 pip. They also accept all MetaTrader-4 advisors, which works to the benefits of traders and an fxcm broker although they impose certain limitations. Overall fxcm provides comprehensive MetaTrader-4 support. Amongst the other plus points of the broker is that they provide free training to beginners in the foreign exchange industry and the fact that they do not impose any restrictions on entry orders. While they have an upper limit of 50 million on each trade, an fxcm broker can make larger investments by conducting multiple transactions.

Like Oanda, fxcm is one of the better capitalized foreign exchange brokerage firms that you will be able to find out there. Experienced traders will enjoy the time saving one click usability features that they have to offer to their clients.

Oanda too is regarded amongst the top notch foreign exchange brokerage firms of the day. Offering a bundle of comprehensive services to their clients they rightly claim to be redefining the foreign exchange trade. With Oanda you will be able to enjoy ethical trading and achieve high levels of productivity.

The availability of demo accounts gives beginners the chance to understand the many facets of foreign exchange trading. This can be compared to the free training that Oanda has to offer. This feature also comes in handy for experienced foreign exchange traders that are looking for a new broker. It is however the advanced range of tools that the forex firm offers which sets them apart from other foreign exchange trading firms.

As a trader with Oanda, you will find their entire system to be well supported with live chat customer services. They are known to deliver earning withdrawals within two business days for US residents and in less than a week for international clients. Along with this they offer you ease of use with their acceptance of PayPal and sufficient charts as well as other tools. Another unique feature of Oanda is that they offer flexible trade sizes giving you the ability to adjust your transactions according to your intentions. Coupled with their fast customer service it is one of the leading online foreign exchange trading firms at the moment.

Both Oanda and fxcm broker are generally known for their quick and comprehensive services for all their clients, residents of the United States will further benefit because of their close proximity to the brokerage firms.

Forex Trading Articles

Learn Forex Trading: Where to Start

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The foreign exchange market is a dog eat dog world and if an investor ventures in without the essential arsenal of knowledge and tools, it can lead to financially devastating results. The most vital issue for any investor wanting to learn Forex trading is that there is no get rich quick associated with it. There are many frauds out there that claim to have the ultimate Forex system that will make you rich overnight. If that were true, there wouldn’t be Forex brokers who have been in the business for thirty years. These brokers would be rich, retired and living in a hot tropical island someplace having margaritas delivered to them by pretty girls in grass skirts.


With that said, it should now be obvious that there are no shortcuts with being able to learn Forex trading. The investment of time is required before any actual money can be invested by learning the various tools, programs and platforms that are utilized on the Forex market. Having the confidence of knowing that you were able to learn Foreign Exchange trading though experience with demo accounts can create an atmosphere to generate unlimited return potential.


In order to learn Forex trading a prospective investor should solicit the expertise of a Forex broker or brokerage firm. They will greatly assist any investor in learning the Forex principles and the reasons that drive this volatile market. Before one can really succeed with the Forex market, these skill sets needs to be acquired and well comprehended. The Forex broker will set any investor up with a demo account in order to learn Forex trading like it is actually being executed. This is often the best type of learning mechanism because it gives the user hands on experience without suffering any financial loss. This stage of trying to learn Foreign Exchange trading is often referred to as paper trading as no actual money is being gained or lost.


Starting with the time and effort required to learn Forex trading will pay off handsomely once the investor goes ‘live’ on the Forex market. At the time the investor goes live and begins putting his or her own capital on the line, they will have been showing a steady track records of gains and be familiar from the demo or paper trading period. Learn Forex trading by starting with the time; learn everything that pertains to this quickly changing market so that success is just a trade away. There is the potential to earn unlimited income once a significant margin account is built up but as with anything, skipping the training step will put you in a snake pit unprotected. Learn Forex trading and minimize the financial risk associated with the biggest financial market in the world.

General Forex

Max Forex Online Legal – What Does it Cost to Start Trading Forex

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Max Forex Online Legal

It has become increasingly popular for individuals to trade forex from home as sole traders since the internet developed with fast connections. The forex market is the largest market in the world and boasts a massive 3 trillion dollars traded every day and is well known for its volatility in the currency pairs. It is important to gain some knowledge of this market if you intend to place your own trades or you can pay a professional trader to make the investments for you, in this particular article I am going to concentrate on the cost of setting yourself up as a sole trader. Max Forex Online Legal

It is a misconception that you need thousands of dollars or pounds to invest in the forex market. It is also not necessary to use leverage on your investments this is especially dangerous. There are plenty of spread betting platforms that now let you trade at as little as 0.10p a point so starting with as little as £100 is more than adequate. Depending on how much you wish to make each day will depend on how much you wish to trade per pip and the size of your initial investment. There are certain guidelines by which traders gauge their investment and they are not to invest anymore than 5% of their trading balance on any one trade.

The risk management guidelines, or the 5% rule as I call it, are a simple mathematical equation to stop you from depleting your balance before you have had a chance to reap the rewards of your trading system. An example of this would be; a £1000 initial investment with a trade set with a 25 pip stop loss, at £2 a pip would be risking £50 of your trading balance or 5%. If your trading system has an 85% success rate then that means you will win 85 out of 100 trades which is a good success rate. However if you lose your first 15 trades and invested over 5% you would deplete your balance before you made any profit that is why this rule stands in place. Max Forex Online Legal

There is enough free information on the internet to self teach about the forex market and how to trade it. To learn this way may take some time and tests with a demo account would need to be carried out in order to create your own 80% success rate system. You can pay a lot of money to learn how to trade if you want to speed up this process but then there is no guarantee that you will not deviate from what you have learnt. One of the revolutions to bring cost down in the past 5 years and an excellent place to start is forex clubs.

One of the best ways to start trading straight away is a forex club, these clubs are a group of traders trading together often over a webinar. The forex clubs are coordinated by a professional trader that will show where he is entering and exiting trades and the reasons why. Although for legal reasons the professional can’t tell you to enter or exit a trade it is up to your own initiative to copy what he is doing to profit. This gives a way for beginners to start trading straight away with just the knowledge on how to use their spread betting platforms. Max Forex Online Legal

Forex Trading Articles

How Do I Start Forex Trading- Things to Do When Trading Forex

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Forex trading is a great opportunity to make a lot of money.  There are a few things you should do when trading, which is why you’re asking yourself “How do I start Forex trading”.  So, what I’m going to do is share with you some things you should do when trading forex.

That way, you’ll be able to make a lot of money in the FX market.

The first thing you should do is familiarize yourself with forex trading lingo and terms.  Also, make sure you understand them.  This will help you become more successful in the forex market.

The next thing you should do is set up a demo account.  With a demo account, you’ll be able to practice trading forex.  It’s a great place for you to start.  You won’t be risking any of your money.  This will allow you to practice until you’re comfortable with the forex trading process.

After practicing, you should jump into trading.  Set yourself up an account so that you can start forex trading.  You should also get yourself a Forex robot.  This is something that not a lot of people do who ask themselves, “how do I start Forex trading”. 

It’s mistake that they don’t get a robot either.  Because the robot will help you find various opportunities that you wouldn’t have found on your own.  Once you’ve found the opportunities, you will be able to capitalize on it to make a nice profit.

Now that you know the answer to your question, “how do I start forex trading”, go and and get started.  Be sure you set up a plan, have a system, and practice.  Once you do these things, you’ll become a great forex trader and make a lot of money in the market.

General Forex

Forex Position Trading Strategy – How to Start Forex Position Trading

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Forex Position Trading Strategy

Forex position trading strategy is a simple technique to increase your position size without increasing your risk. This trading strategy is particularly effective with mini lots and with averaging into a position also it works equally efficiently for standard lots.

For example you may buy one mini-lot of EUR/USD at 1.3100 and set the stop loss at 1.2980. It pose a risk of $20. When the price rises, you may buy a second mini-lot at say, 1.3120 and set the stop at 1.3100 with raising the stop of the first lot to 1.3100. Now you have two lots with overall risk still at $20.

If you find the price to be still rising, you buy a third lot at 1.3140 and set the stop at 1.3120 along with rising the stop of the first two lots also to 1.3120. This would ensure that even in the worst case the whole trade is at break even. Now, with further price rise, you buy a fourth lot at say 1.3160 setting the stop at 1.3140.

Accordingly, you raise the stop on the first three lots at 1.3140, which will protect your profit. Finally, you buy the fifth lot, set the stops as before and ensure a profit of $100. Throughout the process your risks remain at a constant of $20. So in this forex position trading strategy, you limit your risk exposure and at the same time gain handsome profits.

You can use a similar forex position trading method to average your trades. Weekly 3-bar pattern is a strategy which is ideal for forex position trading and which is very effective on longer time frames like the daily or the weekly chart. This forex position trading strategy lets you stay with the trend for a longer period of time. Forex Position Trading Strategy

Ideally, any day trading should be done with minimum lot size position. With forex position trading strategy, the initial profit is less but with trailing stop it can maximize the profit. A good position of day trading can be changed with forex position trading into a long-term profit option.

With forex position trading your exposure to the market is less and therefore no need to monitor the market continuously. The hedging order protects the position and limits your risk in the trading. With forex position trading, you can earn profit with minimal loss that boosts your trading confidence.

You can find many trusted money management software to calculate tradable profit/loss patterns along with optimizing trade sizes for supporting your forex position trading strategy. These software are designed to calculate trade position sizes according to various money management models with several successful positions sizing formula.

The forex position trading strategy may use formulas based on fixed percent risk, float percent units, fixed units, etc. The software are easy to use and help in calculating the most optimal position size for forex position trading strategy. You may also have many online position sizing techniques and position size calculators, which can supplement your forex trading strategy. Forex Position Trading Strategy