More Forex Trading tips Superblog
Tuesday, April 22, 2008
More Forex And Forex Trading News
Our Featured Forex News Writer
Quick Forex Ideas
forex capital markets
Before starting the forex trading, you should begin your Forex training. A professional instructor can assist you in learning different terminologies, concepts and process as a whole in forex trading. In a good Forex training, there are no high-pressure sales pitches, no tricks, and no hidden agendas, but just plain knowledge. Forex training provides traders the ability to take advantage of the foreign currency exchange. This Forex training empowers investors to become world-class forex traders.
currency exchange rate
The fluctuating oil prices of the past year - 2005 - are a good example of what can happen when factors affect the price and supply of oil. Remember from basic economy courses that higher oil prices act to put the brakes on consumer spending. This will be true as long as the major source of oil for industrialized countries is petroleum based. The price of all goods produced hinges on the price of a barrel of oil. If the oil prices rise, so do production and supply prices for most consumer goods. In addition, the expenses of individual consumers rise as they pay more to fuel their automobiles and heat their homes. The net result is a downward swing in the economy of the country until it hits a rallying point that starts it back on an upward trend.
Forex News News From Around The World
RBS says it is considering rights issue
Mon, 21 Apr 2008 07:33:34 EDT
Read full story for latest details.
Forex Day Trading
Forex Trade
Forex | Understanding Forex
¶ 11:34 PM 0 comments
Our Featured Forex News Writer
Quick Forex Ideas
forex capital markets
Before starting the forex trading, you should begin your Forex training. A professional instructor can assist you in learning different terminologies, concepts and process as a whole in forex trading. In a good Forex training, there are no high-pressure sales pitches, no tricks, and no hidden agendas, but just plain knowledge. Forex training provides traders the ability to take advantage of the foreign currency exchange. This Forex training empowers investors to become world-class forex traders.
currency exchange rate
The fluctuating oil prices of the past year - 2005 - are a good example of what can happen when factors affect the price and supply of oil. Remember from basic economy courses that higher oil prices act to put the brakes on consumer spending. This will be true as long as the major source of oil for industrialized countries is petroleum based. The price of all goods produced hinges on the price of a barrel of oil. If the oil prices rise, so do production and supply prices for most consumer goods. In addition, the expenses of individual consumers rise as they pay more to fuel their automobiles and heat their homes. The net result is a downward swing in the economy of the country until it hits a rallying point that starts it back on an upward trend.
Forex News News From Around The World
RBS says it is considering rights issue
Mon, 21 Apr 2008 07:33:34 EDT
Read full story for latest details.
Forex Day Trading
Forex Trade
Forex | Understanding Forex
Headline News About Forex And Forex Trading
Our Featured Forex Trading Writer
Forex Broker: Choosing The Right Forex Broker
Sometimes it's hard to make a decision on which Forex broker to open our trading account, there are just too many of them. Most of them have different features, capabilities, weaknesses and advantages, for this reason I have created a checklist that can help you decide the broker to use in your Forex adventure.
1. Is it regulated?
The first question you have to ask yourself is: is the broker I want to use Regulated ? There must be no doubt about this first point. All regulated brokers must submit financial reports to regulatory authorities, and when they fail to do it, authorities have the right to fine them or terminate their membership. This enforces Forex brokers to keep transparent financial reports.
The brokers must be regulated by their local regulatory authorities, for instance, for brokers based in the US , they must be regulated by the NFA (National Futures Association) and CFTC (Commodity Futures Trading Commission), Swiss based brokers must be regulated by the FDF (Swiss Federal Department of Finance) and so on.
Also when a Forex broker is regulated allows investors to dispute any resolution, increasing the investor protection.
2. Trading Conditions
This point refers to the features of the trading platform and the trading conditions with the chosen broker. Amongst the most important factors are:
Spread - Obviously the smaller the spread on currency pairs the better the conditions are for investors and traders.
Platform execution - Trading execution refers to how fast and consistent are the execution of trades. Some brokers guarantee fast and transparent executions during normal market conditions.
Fractional trading � Some brokers allow investors and traders to trade on a fractional basis, instead of trading full lots �100,000 units� or �300,000 units�, they allow you to trade �163,345 units� or �325,911 units�. This is very helpful for trades risking certain percentage of their balance on each trade.
Safety of funds � We need to make sure our trading funds are kept in a segregated account or at least insured.
Trading platform � Easy to use and understand platform, is it reliable during fast moving markets? And what extra features it offers such as: one click buying/selling, trading directly from a chart, supports mobile devices, trailing stops, etc.)
Minimum investment � What is the minimum amount of money required to open a trading account? This aspect is very useful because before trading your full account, you need to test the waters and see how well you perform with an account with limited funds (after trading a demo account).
Margin (leverage) � What kind of leverage can be used with the chosen broker? Just to make sure our leverage requirements by our Forex strategy and methodology (leverage above 100:1 is not advisable).
Commissions � Some brokers charge commission, it is ok if they do if the spread is smaller than other brokers.
3. Diligence
Hopefully you have eliminated most brokers at this point. You should have 3 or 4 finalists. In this step do your diligences on forums, ask other traders about their experiences using their brokers, and so forth.
Some forums where you can ask for broker information are: ForexFactory, MoneyTec, ForexNews.
If brokers are registered by their local regulatory authorities, you can visit the regulator website and you will find plenty of information about Forex brokers. Some of them publish resolutions regarding Forex brokers.
Amongst the aspects you should ask and get informed are:
Customer service � This aspect is the most important of them all, are they rude to customers? Are they willingly to help customers? These are the questions you should ask in forums and fellow traders.
Slippage � Slippage is the difference between the price where the trade was executed and actual value of it. Do they honor stop loss and take profit levels? Do they guarantee it? If any one had any discrepancies, did their broker revert the result?
Manual execution � Some brokers don't like scalpers, if they catch someone doing it, they will put this trader into manual execution, so a dealer (human) must accept all transactions made by this trader. Do they do this?
Re-quotes � a re-quote happens when you click the buy/sell button and the platform doesn't accept our price, so it will give us another quote for that particular trade.
4. Testing
In this phase we should test our Forex broker, first on a demo account to see how it works, also test your system to see how it performs. If you are satisfied with the results, then try the same platform with limited funds to see how it performs on real trades. If you are satisfied again then open your full trading account with the chosen broker.
I hope this checklist help you all traders to take the right decision when choosing brokers.
More Thoughts On Forex
gft forex
What about Forecasting: Predicting current and future market trends using existing data and facts. Analysts rely on technical and fundamental statistics to predict the directions of the economy, stock market and individual securities.
Check out the first commercially available Stock Trading Robot Which Earns $346.77 Per Week
forex made easy
Some dealers offer a mini-account for as little as $100 to $300 but a mini-account should have at least a $1000 balance. Mini-accounts are excellent for beginner Forex traders and great to test basic trading expertise and acumen. Mini FOREX account is great for accounts below $10 000. The mini forex accounts enjoy the same benefits as the regular forex accounts, small spreads and free trading platform.
More info on a great Forex system
foreign exchange converter
If you take the time time to learn the art of forex trading you can potentially earn $3,000 or more per month by working about 4 hours per day. Forex trading can be the best home based business you can dream of.
More info on Forex trading
Some Forex Trading Stories
Dollar fell again as Fed made softer comment on US economy.
Thu, 26 Oct 2006 17:03:00 GMT
Our Featured Forex Trading Writer
Forex Broker: Choosing The Right Forex Broker
Sometimes it's hard to make a decision on which Forex broker to open our trading account, there are just too many of them. Most of them have different features, capabilities, weaknesses and advantages, for this reason I have created a checklist that can help you decide the broker to use in your Forex adventure.
1. Is it regulated?
The first question you have to ask yourself is: is the broker I want to use Regulated ? There must be no doubt about this first point. All regulated brokers must submit financial reports to regulatory authorities, and when they fail to do it, authorities have the right to fine them or terminate their membership. This enforces Forex brokers to keep transparent financial reports.
The brokers must be regulated by their local regulatory authorities, for instance, for brokers based in the US , they must be regulated by the NFA (National Futures Association) and CFTC (Commodity Futures Trading Commission), Swiss based brokers must be regulated by the FDF (Swiss Federal Department of Finance) and so on.
Also when a Forex broker is regulated allows investors to dispute any resolution, increasing the investor protection.
2. Trading Conditions
This point refers to the features of the trading platform and the trading conditions with the chosen broker. Amongst the most important factors are:
Spread - Obviously the smaller the spread on currency pairs the better the conditions are for investors and traders.
Platform execution - Trading execution refers to how fast and consistent are the execution of trades. Some brokers guarantee fast and transparent executions during normal market conditions.
Fractional trading � Some brokers allow investors and traders to trade on a fractional basis, instead of trading full lots �100,000 units� or �300,000 units�, they allow you to trade �163,345 units� or �325,911 units�. This is very helpful for trades risking certain percentage of their balance on each trade.
Safety of funds � We need to make sure our trading funds are kept in a segregated account or at least insured.
Trading platform � Easy to use and understand platform, is it reliable during fast moving markets? And what extra features it offers such as: one click buying/selling, trading directly from a chart, supports mobile devices, trailing stops, etc.)
Minimum investment � What is the minimum amount of money required to open a trading account? This aspect is very useful because before trading your full account, you need to test the waters and see how well you perform with an account with limited funds (after trading a demo account).
Margin (leverage) � What kind of leverage can be used with the chosen broker? Just to make sure our leverage requirements by our Forex strategy and methodology (leverage above 100:1 is not advisable).
Commissions � Some brokers charge commission, it is ok if they do if the spread is smaller than other brokers.
3. Diligence
Hopefully you have eliminated most brokers at this point. You should have 3 or 4 finalists. In this step do your diligences on forums, ask other traders about their experiences using their brokers, and so forth.
Some forums where you can ask for broker information are: ForexFactory, MoneyTec, ForexNews.
If brokers are registered by their local regulatory authorities, you can visit the regulator website and you will find plenty of information about Forex brokers. Some of them publish resolutions regarding Forex brokers.
Amongst the aspects you should ask and get informed are:
Customer service � This aspect is the most important of them all, are they rude to customers? Are they willingly to help customers? These are the questions you should ask in forums and fellow traders.
Slippage � Slippage is the difference between the price where the trade was executed and actual value of it. Do they honor stop loss and take profit levels? Do they guarantee it? If any one had any discrepancies, did their broker revert the result?
Manual execution � Some brokers don't like scalpers, if they catch someone doing it, they will put this trader into manual execution, so a dealer (human) must accept all transactions made by this trader. Do they do this?
Re-quotes � a re-quote happens when you click the buy/sell button and the platform doesn't accept our price, so it will give us another quote for that particular trade.
4. Testing
In this phase we should test our Forex broker, first on a demo account to see how it works, also test your system to see how it performs. If you are satisfied with the results, then try the same platform with limited funds to see how it performs on real trades. If you are satisfied again then open your full trading account with the chosen broker.
I hope this checklist help you all traders to take the right decision when choosing brokers.
More Thoughts On Forex
gft forex
What about Forecasting: Predicting current and future market trends using existing data and facts. Analysts rely on technical and fundamental statistics to predict the directions of the economy, stock market and individual securities.
Check out the first commercially available Stock Trading Robot Which Earns $346.77 Per Week
forex made easy
Some dealers offer a mini-account for as little as $100 to $300 but a mini-account should have at least a $1000 balance. Mini-accounts are excellent for beginner Forex traders and great to test basic trading expertise and acumen. Mini FOREX account is great for accounts below $10 000. The mini forex accounts enjoy the same benefits as the regular forex accounts, small spreads and free trading platform.
More info on a great Forex system
foreign exchange converter
If you take the time time to learn the art of forex trading you can potentially earn $3,000 or more per month by working about 4 hours per day. Forex trading can be the best home based business you can dream of.
More info on Forex trading
Some Forex Trading Stories
Dollar fell again as Fed made softer comment on US economy.
Thu, 26 Oct 2006 17:03:00 GMT
|
