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Forex Articles

Forex Articles | Forex Education Center - In this section you will find latest articles submitted by contributors for education purpose.

The articles based on author's opinions and may not necessary based on the facts.

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Directional and Non-Directional Bias

Mario Singh talks about different forex strategies at his site Askmariosingh.com.news

Successful forex trading takes into account all factors that contribute to market movement. While conducting technical analysis is a good way of trading, it is just one aspect of formulating a good trading strategy. To truly be successful, we also need to look at the news because it is the fundamental force that creates market movement.

Trading based on the news is a perfectly viable way of trading. But there actually two ways of forex trading using the news – a directional bias and a non-directional bias.

Directional Bias

Directional bias means that you are think the market will only move in one direction when influencing news is released. This is hinged on the belief that specific news will only push the market to move in a certain direction.

But first, we should talk about what consensus and actual news. The news that will affect the market is always anticipated, day or even weeks before it is released analysts will already release their forecast – whether the numbers will have a positive or negative [Read more...]

How To Start with Binary Options Trading

As with every new endeavor, getting started with binary options may be a demanding task. There are many aspects of online trading binary_options_tradingwhich must be examined before you actually begin to invest. Some of them are obvious, while others require a more careful approach and some financial knowledge. Read on to find out what to look for in a binary options broker and how to minimize risk on this very dynamic market.

The first question that you need to answer is: Which broker is most suitable for me? Well, it all depends on your investment needs and trading abilities. If you are an experienced trader you would probably compare the payout rates of all binary options brokers and choose the one that offers the highest returns. Other seasoned traders will look for particular trading features like OptionBuilder or Open Platform, that allow them to have more control over the trading process. Beginners on the other side sometimes feel attracted by the 60 Second binary options trading because it reminds them of online gambling. Apart from that, the availability of the customer service staff is not necessarily 24/7, especially when the support is provided in multiple languages, and some of the traders require that their account manager should be always ready to help them. [Read more...]

How To Get Into Successful Forex Day Trading Today

Market analysisAside from personal and business purposes, there is another facet of social media sites that is fast gaining interest today. Social media is now being viewed as a rich source of financial and market trading information that can be valuable to people looking for a winning trading platform. With billions of users logging on every single day, sharing and re-sharing data at an unbelievable speed, social media activity can be an accurate, to-the-minute gauge of trends and movements in the foreign exchange market. This characteristic makes social media a great tool to use for forex day trading.

Compared to position trading that takes a long-term outlook, foreign exchange day trading is more immediate and has a short-term perspective. A lot of traders favor day trading because its simplicity suits their hectic lifestyle: you choose a direction, hold on to your trade for a few hours, and make your trade within the day; you also get to see the results within that brief time frame. Given this real-time, fast-paced approach, there’s no other information platform more applicable than the real-time, fast-paced world of social media. [Read more...]

MQL5 Market and Overview of Trading Robots

MQL5 Market is a secure service created by MetaQuotes Software Corp. for its MetaTrader trading platform. This service facilitates the buying of trading robots, indicators, scripts and other trading programs. One can buy ready-made applications suiting their requirements to work on the financial markets. Traders just need to login to their MQL5 account, launch the marketplace and buy the applications of their choice. These applications can then be launched right from their terminals.

market_in_terminal

The marketplace has wide array of applications which cater to the needs of all type of customers. There are both free and paid applications available in the marketplace. Applications can be sorted by price, popularity, category and other parameters for ease of search. All applications are listed along with proper description and detailed images. [Read more...]

Seven Myths about Forex

forexIt’s hardly possible to find a person that has never heard of the Forex market, as FX-related advertising has literally seized nearly all the information channels. This sort of invasion has surely triggered a great response from the audience, resulting in spreading myths among both potential traders and those, who have already taken up this business. The present article is targeted at breaking the most common stereotypes and prejudices around the Forex trading.

Myth 1: Forex is scam.

Hundreds of people strive to plunge into the Forex environment after being promised mountains and marvels just within a few days or weeks. Naturally, unlucky fellows get disappointed at having failed to make a fortune. So, they start blaming the entire world in their bad luck, including Internet, brokers, big daddies but not themselves. [Read more...]

Why Trading the News is a Waste of Time

News TradingI am sure that throughout your Forex trading career, either short or long, that someone has suggested that you trade the news. Or at least use the economic news to help with your trading. Now I am sure that these people aren’t trying to waste your time but that is exactly what they are doing.

Believe it or not but all of the information that you get from reading the news can easily be read in a more efficient way. That way is using a chart, that’s right a regular old candlestick chart will get the job done.

Each candlestick that is printed on a chart tells a different story, being able to read what the story is telling you is very important. Reading a chart at the most basic level is very simple.

A small bodied candle means the market is undecided. A big bodied candle means the market has made up its mind and is ready to go one direction. A candle that closes above its open price is bullish and a candle that closes below its open price is bearish. [Read more...]

Comparing the Forex and Stock Markets: Which one is for you?

People who are not fond of reading the newspapers’ business sections will find these terms highly intellectual, and will feel as if they’re currencyhearing words from a different language – or maybe a little alien-sounding, perhaps. However, for those who are skilled and adept in maneuvering money in these markets, or just those who are frustrated investors, these words are more than what makes up their day.

Forex and stocks what are these two terms, anyway?

Forex                          

Foreign exchange, or forex as it’s simply called, is a market that deals with buying and selling currencies according to their value, with intentions of earning profit. People earn by selling the money they own for a higher value, which means they gain and have more money than the amount that they started with. [Read more...]

Overview of Trading Signals for MetaTrader 4 and MetaTrader 5

What is MetaTrader?

MetaTrader is an independent trading platform created by MetaQuotes back in 2002. MetaTrader is one of the very first truly Metaquotes_company_logoprogrammable trading platforms that comes with its own programming language. One can trade forex, options and futures with MetaTrader software.

MetaTrader 4 and MetaTrader 5 are the two versions of this software, MetaTrader 5 being the latest one in the market. This software works on MQL5’s Trading Signals service which allows traders to copy trading operations of a Signals Provider on a real time basis.

How does this service work?

Traders need only three things to subscribe to a Trading Signal:

  1.  An MQL5.com account.
  2. Select the broker name which will display based on the first few characters entered of the broker name.
  3. Enter the account number on broker’s server. [Read more...]

Why you should not worry about the Cyprus bailout

The article was originally published in Liquid Markets blog by Nick Bang, edited by Maria Appiou (Liquid Markets Marketing Executive)
Bank_Cyprus_imageThe actions of the European Union have left us all in disbelief and we condemn those politicians, officials and legislators who would make it legal to appropriate the savings of hard-working people.

However, to allay any fears you would have about holding funds with a forex broker, I wish to clearly explain why funds held in a trading accounts are not at risk.

Q. Why the EU or any government CANNOT impose a levy on your account with Liquid Markets now or in the future.

When a client deposits margin with a broker such as Liquid Markets, he uses one of our depositary banks to do so or uses his credit card to deposit funds. His account however is not directly with the depositary bank, it is with a forex broker.

As such he does not have a bank account with a forex broker but a trading account. A trading account implies the purchase and sale of financial instruments such as FX, CFD equities, futures etc. Moreover, it implies the utilisation of margin. A levy, tax, or any other form of deduction therefore cannot be applied on your account without your consent because this would imply the possibility of any open positions being liquidated by the deduction, triggering the margin liquidation level. This would mean that the European Union [Read more...]

The benefits of opening an account with ECN brokers

ecn-forex-tradingForex market is a massive international market where agreeable sellers and buyer make forex transactions. The market is decentralized which means that there is no centralized forex exchange, unlike stock markets. Furthermore, the forex market is open 24 hours. To be able to start trading currencies, first and the foremost thing is opening an account with the ECN broker. When your account is opened, the broker provides a username and password; hence, you become eligible to make transactions. The clients of ECN brokers are individual investors, banks, insurance companies, large corporations etc.

What is the importance of ECN brokers? ECN brokers have automatically integrated software which enables traders to do forex trading. If you have a computer, an internet connection and ECN account, you trade currencies from any where in the word; from your office, home etc. In other words, you can do forex trading from home or anywhere without going to the offices of your ECN broker. The problem with most ECN brokers’ spreads is that they are very wide; hence, people loose to them every time they open and close a trade. This thing adds significant loss to frequent traders. One other big problem is the lower capital requirement with high leverage which they attach their clients with. Would it be right to say that a broker always wins the money while their clients always lose? No it would not be an appropriate thing to say. Let’s talk about some of the key pros and cons of ECN brokers as follows: [Read more...]

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