TOP 100 Forex Blogs: List of Best Websites to Follow in 2014
I came up with this idea in May 2014 to gather a list of the best 100 Forex related blog sites. I saw that this did not exist and started to work on it. Now we have a huge list of 100 blogs in the Forex industry which is unique. It was a bit strange that just a few weeks earlier MahiFX created a similar list too which is pretty cool. So here’s what I did. I Googled for other sites that have list of Forex blogs and all of them were old, incomplete, with lots of dead links, etc. When it became apparent that this list wasn’t very satisfactory, I added to the list all of the URLs listed under the Alexa Forex classification.
Best Forex Broker Reviews
Brainyforex reviews major forex broker reviews from sites all around the world so as to keep up to date with customers satisfaction levels with forex brokerage firms. When selecting a broker, consider what best suits your trading style requirements and initial deposit. Do you want automated trading capabilities? Can you trade micro lots? What amount can I open the account with? Read more about choosing a broker Also remember, it is a good idea to spread your risk by operating from more than one forex brokerage account. The reality is that there will always be issues with even the industry best forex brokers.
When Does the FX Market Open
The simplest answer is that the forex is open for trading all the time, but that the specific hours it opens and closesat any given locationdepend upon where you are in the world. The base reference time for all opening and closing times worldwide is Greenwich Mean Time, commonly abbreviated GMT. Many websites devoted to clarifying forex business hours describe the opening and closing times with three or four significant examples, usually New York, where the forex opens at 1 pm GMT and closes eight hours later, at 10 pm GMTSydney, where the forex opens at 10 pm GMT and closes eight hours later, at 6 am GMTTokyo, where the forex opens at 00 am GMT (midnight, in other words) and closes eight hours later at 9 am GMTLondon, where the forex opens at 8 am GMT and closes eight hours later at 5 pm GMT Here's Where Things Begin to Get ComplicatedOne source of confusion for new forex traders has to do with how the various websites choose to present the open and closing time data.
Quasimodo (Over and Under Pattern)
Another pattern we heavily monitor, serving as an intraday price turning point. These can be very reliable if used properly and can be seen on everything from daily down to 1 min charts. The easiest way to describe this pattern is a 0-1-0 pattern, where in the case of a buy, price makes a new low; that low is taken out, price comes back up past the initial pullback from the first low, comes back down and uses the base of the first low as support. Its essentially a mutated version of the very common head and shoulders pattern, without the diagonal trendline ambiguity.
Best Forex Indicator
2016-02-08 | 2872 Print PDF TOOLS OF THE TRADE: FUNDAMENTAL VERSUS TECHNICAL INDICATORS So, how do forex traders decide when to buy or sell? There are basically two schools of traders, and you must decide which school fits your trading personality. The first school is the school of fundamental analysis. Fundamental traders use economic reports and news reports as the basis for their trading decisions. Forex traders who have a fundamental approach will closely examine world events, interest-rate decisions, and political news. Fundamental traders are concerned with properly interpreting news, whereas the focus for the technical forex trader is quite different.
MetaTrader4 trades duplicator
The purpose of this software is to help traders, who use Meta Trader 4 trading terminal, in their routine work with trading signals. Some traders, who can not trade successfully by themselves, prefer to copy trades of professional traders. Some successful traders would like to increase their profit by selling trading signals. But it is very hard task to process those signals manually. You should wait for those signals 24 hours a day, what can happen if you were away from your computer when signal came? You can lose your money. With this software you can do what you want while computer is working for you, it does not require any supervision.
GFT Forex Review - Is this Forex Broker Reliable?
Update : As of December 7, 2012, GFT Forex is no longer accepting US clients, and has transferred all of their US-based clients to GAIN capital's retail trading institution, Forex. com. Read the full Forex. com review for more information. ============ Global Forex Trading, commonly known as GFT Forex, is known for its dazzling charts and prompt customer service. Before a potential trader can even download the free demo, a “GFT licensed Forex specialist” is on the phone inquiring if he can walk the user through the platform. During the scope of this GFT Forex review, we were impressed with the company's DealBook 360, a 20 MB-plus downloadable trading engine that powers the company's demo, mini and standard accounts.
Economic Calendar Alerts
AlertFX keeps track of hundreds of scheduled global economic events from various countries. In your account, select "Economic Calendar Alert" from the New Alert page. Use the Economic Calendar to subscribe to upcoming Economic Events. Users can select to receive their alerts after the data is released and/or as a warning alert prior to the scheduled release. AlertFX monitors various sources, including the U. S. Census Bureau and the U. K. Office for National Statistics, for the latest economic releases, supporting economic calendar data from US, UK, Eurozone, Japan, Canada, Switzerland, China, Australia, New Zealand.
Forex & CFD Market Trading Products
Forex Compound Interest Effects
Updated: April 22, 2016 at 3:22 AM Compound interest can really work for you when trading forex and can help you turn a decent trade into a great trade if it can be held over time. Conversely, it can cost you plenty of money if you take overnight positions in which you pay away compound interest. An important thing to remember about compound interest is that its positive or negative effects get magnified substantially when you trade in currency pairs that involve a substantial interest rate differential between the component currencies. Furthermore, compound interest has an especially powerful effect on the carry trade strategy often used by hedge funds and other currency speculators.