FXCM Review

FXCM rating: (13 votes, average: 4.00 out of 5, rated)

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It is important to find a reputed and trustworthy forex brokerage company to implement your forex trading plans. Trading with FXCM offers you the advantage of trading with one of the largest and most financially strong Forex Dealer Members. In the U.S., Forex Capital Markets LLC (FXCM) is regulated as a Forex Dealer Member by the National Futures Association. Read more…

GFT Forex Review

GFT Forex rating: (4 votes, average: 3.75 out of 5, rated)

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It is popularly known as GFT Forex but the brokerage company behind it is known by the name Global Futures and Forex Limited. It was founded in 1997 and is headquartered in Ada, MI, USA. It is registered as a Futures Commission Merchant with the Commodity Futures Trading Commission and is also a member of the National Futures Association.
GFT is regulated in Australia by the Australia Securities and Investment Commission and in Japan by the Financial Services Agency. Read more…

AvaFX Review

AvaFx rating: (9 votes, average: 5.33 out of 5, rated)

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Ava Fx is a top brokerage company that was founded in 2006 by a team of financial professionals and is headquartered in Tortola, BVI. It also has a logistics office in Nicosia, Cyprus.
Importantly Ava Fx is backed by a major financial institution with over $17 billion in assets under management and is rated “A+” by an S & P affiliated rating agency.
Users can view this site in Chinese, Arabic, French, Italian and Dutch. Read more…

Forex.com Review

Forex.com rating: (8 votes, average: 4.25 out of 5, rated)

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Forex.com is a division of Gain Capital Group, LLC, one of the most respected online forex brokerage companies based in the United States. The parent company Gain Capital is widely used by institutional investors and professional money managers alike.
Forex.com is a registered Futures Commission Merchant (NFA ID # 0339826) and a member of the National Futures Association. Since it is an FCM, it is regulated by the Commodity Futures Trading Commission. Read more…

IFX Markets Review

IFX Markets rating: (2 votes, average: 2.50 out of 5, rated)

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IFX Markets is a division of City Index Limited which is one of United Kingdom’s leading providers of retail derivative trading services. The registered office of this brokerage company is located in London, UK.
It is a specialist provider of a forex trading platform which offers 24 hour commission-free trading with tight spreads. Read more…

Start a Part Time Forex Trading Business

If you are in a job with not much scope for advancing your career any further, you should be looking at forex trading as a viable option to increase your source of income. High liquidity and the possibility of making speedy transactions make forex trading attractive for people who have an inclination towards business. Earlier forex trading was the preserve of big companies and corporations with enormous capital and experience in forex trading. But now the situation is Read more…

Easy Forex Review

Easy Forex rating: (2 votes, average: 3.00 out of 5, rated)

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Easy forex is a registered brokerage company having its headquarters in Limassol, Cyprus.
It has International Network Coverage in Europe, Asia-Pacific, Middle East and the United States, with offices in Chicago, London, Manila, Melbourne, Palestine, Sydney and Tel Aviv.
Easy forex obtains its data sources from Reuters, and has a credit card clearing arrangement with Barclay-card.
It has excellent streaming data which is always real-time Read more…

Forex Club Review

Forex Club rating: (10 votes, average: 3.70 out of 5, rated)

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Forex Club is a forex brokerage company based in Staten Island, NY, USA. It is registered as a Futures Commission Merchant with the National Futures Association. Forex Club is available in more than 17 languages. Read more…

The Advantages of Using an Automated Forex Trading System

Most of the forex trading systems you will get to see in the forex market are automated. May be there is a point in understanding how this came about. The exchange-traded futures market was the first to get automated. It was only after that the traders on the spot forex market decided to move on to automated system. Read more…

Some Good Forex Trading Strategies

Anyone who wants to be successful in the financial world ought to try his hand in forex trading. Forex is undoubtedly one of the biggest financial markets in the world. The enormous liquidity in forex markets is the reason why you could be making huge profits. The turnover in forex markets worldwide is estimated to be in the region above $1.5 trillion per day. We will discuss a few strategies on how to be successful in forex markets. Read more…

Some Forex Investing Titbits You Could Profit From

The surfeit of information on forex trading is always likely to overwhelm a novice forex trader. Let us assume you have read everything on the basics of the forex market starting with these articles. Let us also presume that you continue to have a healthy appetite for furthering your knowledge on forex trading. Read more…

How to Calculate Your Profits and Losses in Forex Trade

You might find this topic to be rather infructuous as almost all online forex brokers calculate your profits and losses for you in their trading platforms. So why write an article on this topic? It would seem meaningless, but that is not so in reality.
There is a reason behind this. Firstly you need to understand the mathematics behind your trades and secondly it will help you to ensure that your forex broker is not manipulating your forex accounts. If you know the mathematics behind your trades and how the pips translate to actual profits or losses, you in effect understand your trades. So Read more…

Some Exotic Technical Indicators

In earlier articles on forex trading we learnt about the relevance of technical analysis and how it is to be used judiciously in conjunction with fundamental analysis. Specifically we also analyzed the intricacies of technical indicators such as MACD, Bollinger Bands, and Elliot Waves and so on. But this does not constitute the whole picture of technical analysis. There are some other exotic technical indicators you should be aware of and know how they play off in forex trading. Read more…

MACD and its Importance as a Forex Indicator

What is the MACD?

Moving Average Convergence/Divergence (MACD) is usually displayed as two lines of different colors that criss-cross atop the forex chart. One line is the MACD line itself and the other is called the signal line.
MACD also plots as a histogram. In this case it is a sort of bar chart in the window just below the currency pair prices chart. In the MACD histogram one line signals the zero point. This is called the center line. Then the bars of its chart rise and fall above and below that center line like a wave. The histogram brings forth the difference between the MACD line and its signal line. When they cross each other, the histogram will read zero.
MACD can indicate when currency pair is overbought or oversold. When does that happen? When the lines of the histogram get terribly long, there is a possibility Read more…

The basics of Elliot Wave Analysis in Forex Trading

Ralph Nelson Elliott developed the Elliot Wave Theory in the 1920s as a means of predicting stock market trends. At the core of this theory is what is called fractal mathematics that aims to make predictions in market movements depending on crowd behavior. Although this theory has found acceptance in predicting the behavior of stock markets it is now increasingly finding acceptance in forex markets too. Read more…