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suguru342208 · 11 months
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Strategies for Profitable and Sustainable Forex Trading
Achieving profitability in forex trading requires a combination of sound strategies and disciplined execution. In this article, we will delve into two crucial aspects of successful trading and provide actionable insights for traders seeking consistent profits.
Strategy 1: Mastering Risk Management
Effective risk management is the cornerstone of profitable and sustainable forex trading. Without it, traders expose themselves to significant capital erosion and emotional stress. Here are essential risk management strategies to implement:
Risk Percentage: Determine a fixed percentage of your trading capital to risk on each trade. A common guideline is to risk no more than 1-2% of your total capital on a single trade. This ensures that a series of losses will not decimate your account.
Stop-Loss Orders: Always use stop-loss orders to limit potential losses. Define your stop-loss level based on your trading plan and risk tolerance. Avoid the temptation to move or widen your stop-loss during a trade to give it more room. This can lead to catastrophic losses.
Position Sizing: Adjust your position size according to the distance between your entry point and stop-loss level. Smaller positions should correspond to wider stop-loss levels, and vice versa. This prevents over-leveraging and aligns with your risk percentage.
Portfolio Diversification: Avoid concentrating your capital on a single trade or currency pair. Diversify your trading portfolio across different currency pairs or asset classes. This spreads risk and reduces the impact of poor performance in one market.
Risk-Reward Ratio: Maintain a favorable risk-reward ratio for your trades. Ensure that your potential reward outweighs your risk in each trade. A common ratio is 1:2 or higher, meaning you aim to make at least twice the amount you're risking.
Strategy 2: Adapting to Changing Market Conditions
The forex market is dynamic, and trading strategies that work in one scenario may fail in another. Adapting to changing market conditions is essential for consistent profitability:
Market Analysis: Continuously analyze market conditions to identify trends, ranges, or periods of high volatility. This analysis helps you select the appropriate trading strategy for the current environment.
Strategy Flexibility: Develop a repertoire of trading strategies suitable for different market conditions. For trending markets, employ trend-following strategies. In ranging markets, utilize range trading or mean-reversion strategies.
Economic Calendar: Stay informed about economic events and news releases that can impact currency markets. Adjust your trading approach to account for potential market-moving events.
Technical Analysis: Combine technical analysis with market conditions. Use technical indicators and chart patterns to confirm or fine-tune your trading decisions in alignment with the current market state.
Continuous Learning: Invest in your trading education by staying updated on industry trends and attending relevant webinars or seminars. Learning from experienced traders can provide valuable insights into adapting to market changes.
By mastering risk management and adapting to changing market conditions, forex traders can significantly enhance their profitability and sustainability. Remember that consistent profits require a long-term perspective, discipline, and a willingness to evolve with the ever-shifting landscape of the forex market.
For the best Forex VPS solutions, visit cheap-forex-vps.com to enhance your trading experience with top-notch virtual private servers tailored for forex trading.
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suguru34 · 11 months
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Understanding Forex Trading: A Beginner's Guide
Forex trading, short for foreign exchange trading, is the act of exchanging one currency for another. While it might sound simple, the forex market is a complex and dynamic arena that plays a pivotal role in the global economy. In this article, we will delve into the basics of forex trading and explore the various players in this market.
Forex Trading Explained
Imagine you're from the United States and planning a vacation to Singapore. Using US dollars in Singapore isn't convenient, so you need to exchange your US dollars for Singapore dollars. This currency exchange is a fundamental concept of forex trading. It's all about converting one currency into another to facilitate international transactions.
Another scenario involves a Japanese company wanting to buy steel from an Indian company. Since Indian companies don't accept Japanese yen, the Japanese company needs to exchange its yen for Indian rupees. This forex transaction enables the Japanese company to purchase steel from India.
Players in the Forex Market
Understanding who participates in the forex market is essential to grasp its significance in the global financial landscape. Here are the key players:
Banks: Banks use the forex market to hedge their portfolios against currency risk, comply with regulatory requirements, and provide liquidity. Central banks also manipulate their currency's value in the forex market to enhance competitiveness in global trade.
Companies: Businesses engage in forex trading to purchase raw materials and services from foreign countries. These transactions help them manage their foreign exchange exposure and maintain stable operations.
Hedge Funds: Hedge funds utilize the forex market for speculation, profit generation, and hedging positions denominated in foreign currencies. They are active participants, leveraging their expertise in currency trading.
Forex Brokers: Forex brokers facilitate currency trading by providing platforms and liquidity to traders worldwide. They play a crucial role in connecting retail traders to the market.
Retail Traders: Individual traders, often referred to as retail traders, participate in the forex market for various reasons. Some do it for personal needs, such as travel expenses, while others aim to profit from currency price movements.
Now that we've established the basics and the key players, let's explore the advantages of forex trading.
The Advantages of Forex Trading
Forex trading has become increasingly popular among retail traders due to several advantages:
Low Initial Investment: Forex trading allows you to start with as little as $100. Some brokers even offer accounts with no minimum deposit, making it accessible to a wide range of investors.
Ease of Entry and Exit: Unlike other financial markets, forex trading offers minimal slippage when entering and exiting trades. This means you can trade at the quoted price, reducing the risk of unexpected losses.
24-Hour Market: The forex market operates 24 hours a day, five days a week. This flexibility enables traders to choose their preferred trading times, whether it's during the day, night, or even in the early morning.
Risk Management: Forex markets rarely experience price gaps, allowing traders to manage their risk more effectively. Stop-loss orders are typically executed at the specified price, minimizing potential losses.
Diversification: Unlike the stock market, forex trading is not correlated with broader market movements. This lack of correlation provides traders with diversification opportunities, regardless of the stock market's direction.
In conclusion, forex trading is a fundamental component of the global financial system, facilitating international trade and investment. While it offers numerous advantages, it also requires a solid understanding of market dynamics, risk management, and technical analysis. Whether you're a seasoned investor or a beginner, the forex market presents opportunities for those willing to explore its intricacies.
For the best  Forex VPS solutions, visit cheap-forex-vps.com to enhance your trading experience with top-notch virtual private servers tailored for forex trading.
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dotzo-posts · 21 days
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VPS Windows Hosting | Cheap VPS Windows Hosting | Forex VPS
VPS Windows Hosting USA starts @ $13.99/mo. Best VPS for Forex tradingwith affordable plans. Buy VPS Hosting for forex / Onshore Windows VPS!
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Gain More Profits in Forex Trading With USA VPS Hosting
major function that USA VPS Hosting plays in Forex trading is to decrease latency as well as slippage. Without it there can be a delay in your executed orders.
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sieuthivps · 3 years
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suguru342208 · 11 months
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Pitfalls to Avoid in Forex Trading
Forex trading is an exciting and potentially lucrative venture, attracting traders from all walks of life. While the allure of financial independence and the thrill of the forex market can be captivating, there are common pitfalls that can threaten a trader's capital and confidence. In this article, we will delve into two critical mistakes that traders, especially beginners, often make and provide valuable insights into how to avoid them.
Risking Too Much Per Trade
Many traders start their forex journey with a modest trading account, and this is a prudent approach, especially for those new to the market. However, it's here that the first pitfall often emerges: the temptation to risk too much per trade.
Consider a scenario where a trader begins with a $500 trading account and decides to adhere to a responsible risk management strategy by risking only 1% of their account on each trade, which equates to $5. While this approach is safe and sound, it may not yield the rapid gains that some traders seek.
To circumvent this perceived limitation, some traders decide to allocate a more substantial portion of their account capital, perhaps $100 or even $200 per trade. The objective here is to generate larger profits quickly. But this seemingly attractive strategy comes with substantial risks.
A string of losing trades can deplete the trading account significantly. As account balances dwindle, emotions often take the reins. The desperation to recover losses may lead to impulsive decisions, such as going all-in on a single trade. Sadly, this approach tends to result in further losses, ultimately culminating in the complete depletion of the trading account.
So, how can traders avoid this pitfall? The answer lies in mastering the art of risk management. While it's true that smaller accounts may yield more modest profits initially, the primary objective is to protect and grow the trading capital over time. Effective risk management entails adhering to a predetermined risk percentage per trade, even if it means accepting smaller gains in the short term. The key is to maintain consistency and patience in risk management, which can ultimately lead to sustainable and substantial returns over the long run.
Seeking the Elusive "Best" Trading Strategy
Another common trap that traders frequently fall into is the relentless pursuit of the so-called "best" trading strategy, indicator, or technique. This quest is often driven by the desire for guaranteed profits and a misunderstanding of the ever-evolving nature of financial markets.
First and foremost, it's essential to recognize that the term "best" is highly subjective in the context of trading. What one trader considers the best strategy may not align with another trader's objectives or risk tolerance. Some traders prioritize profitability, while others focus on minimizing drawdown or achieving favorable risk/reward ratios. The lack of a universally defined "best" strategy makes this pursuit inherently challenging.
Secondly, financial markets are dynamic and subject to constant change. A trading strategy that excels in a trending market may prove ineffective in a choppy or ranging market. Relying exclusively on a single strategy can leave traders ill-equipped to adapt to shifting market conditions.
Rather than chasing the elusive "best" strategy, traders should focus on gaining a deep understanding of market conditions and aligning their strategies accordingly. This means recognizing when their chosen strategy is likely to perform well and when it's prudent to exercise caution or switch to a different approach.
Successful traders often employ multiple strategies tailored to different market conditions. This adaptability enables them to thrive regardless of whether the market is trending, consolidating, or experiencing heightened volatility.
In Conclusion
Avoiding the pitfalls of risking too much per trade and the ceaseless quest for the "best" trading strategy is paramount for long-term success in forex trading. By embracing disciplined risk management and adapting to the ever-changing landscape of market conditions, traders can safeguard their capital and steadily grow it over time.
It's crucial to remember that forex trading is not a sprint; it's a marathon. Success requires patience, unwavering consistency, and a balanced approach to risk and strategy. By steering clear of these common pitfalls, traders can enhance their prospects of achieving their financial goals in the challenging yet rewarding world of forex trading.
For the best Forex VPS solutions, visit cheap-forex-vps.com to enhance your trading experience with top-notch virtual private servers tailored for forex trading.
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nosephineorlok · 4 years
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The best internet hosting answer for your needs
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qnaxservidores · 4 years
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6 Motivos Para Usar Um VPS Forex Para Trading Como qualquer comerciante forex, você provavelmente está sempre procurando maneiras de melhorar. Enquanto a busca por novas estratégias e técnicas nunca é uma má idéia, por outro lado, é importante também considerar as ferramentas que você usa para fazer o seu próprio comércio.
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abigailswager · 5 years
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Alpari Forex Broker review 2019
New Post has been published on https://forexfacts.net/forex-brokers/alpari-forex-broker-review/
Alpari Forex Broker review 2019
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Alpari Forex Broker review
  Alpari Forex Broker is a long established broker they should within no time take their place among the top Forex brokers offering crypto coins for trading
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Alpari Forex Broker | Alpari is was founded as a Russian Brokerage but today they operate on a global scale.
they have been known in the industry and not many traders have not heard about this brokerage.
Through the time Alpari has faced it all as they had faced their setback in recent years but are on their way back.
  Alpari Forex Broker. Is a company that works under the Company “AlpariLimited” which was was founded in 1998.  Alpari Forex broker was one of the companies involved in the formation of CRFIN (the Center for Regulating OTC Financial Instruments and Technologies
The company started in 1998 and made amazing progress in growth for the next 10 plus years. If you were talking forex for the retail market alpari was part of the discussion. They sponsored a football team and enlarged their offering of service with Binary Options and Spread Betting to the market in the United Kingdom. After they had to close their company in the USA and sold their clients to FCCM in 2013 harder times came for the company.
They really hit bottom with the SNB and CHF incident taking the company back to the size of when they started more than 15 years before that. This has tarnished their reputation for a couple of years but at the same time there is no better teacher then hardship and they re-established themselves slowly to become again a broker that people would trust and want to trade with.
This is the process they are still in, keep in mind this has a positive side as they will go the extra mile to give the traders what they want to try to establish themselves again as The Broker.
Becoming a top Forex broker and offering cryptocurrencies is just the next step. They are solidly on the way back with great lessons learned.
Alpari Forex broker | offers a risk-free practice demo account. The Demo account is fully active and stays open for 30 days with the option to extend.
They have an extended educational centre where traders able to learn forex the proper way if you would have searched for educational movies in YouTube, there is a good chance you will have run into a few of their movies there.
Alpari Forex Broker also offers futures trading, swap-free accounts and Expert Advisor VPS hosting.
other Must Know Features and options are,  Alpari options ( Alpari Binary Options ), Alpari bitcoin, Alpari demo account, Alpari trading central
Alpari Forex Broker in our opinion is thou more the larger traders as their Pro account gives access to the ECN account those traders would want to trade with. For the smaller accounts and beginners, there are simply better options like Etoro | Top Litecoin Broker, or Avatrade Top Forex Broker. for the large volume traders,  this is a broker that you should take notice from and try as they will welcome you with open arms and provide you with very good trading experience.
The basic trading platform for Pro, Standard and demo accounts is the industry-standard MetaTrader Trading Platform available for Macs and PCs. MetaTrader Mobile brings forex-trading functionality to smartphones. MetaTrader Pro caters to advanced users who trade high volumes
Alpari Forex Broker Trading Platforms
Alpari offers MetaTrader 4, MetaTrader 5 for trading, the most known platforms in the market, still most people will not touch MT5 just yet and remain to trade on the Alpari MT4 since there are differences for between the platform make sure you understand which platform would be better for you
You can download the platforms for PC, Trading Apps for iPhone and iPad, Android Trading Apps free of charge (as with most brokers ).
Alpari PAMM
Alpari offers PAMM Accounts. The PAMM Service gives you the ability to let your money to be managed in a controllable way for you, by a money manager or professional trader. Or for those that are money manager, I urge you to take a look at the PAMM of Alpari as it is one of the better ones in the market. This part of the business they know and know well,
Deposit Methods
This foreign exchange broker supports multiple ways of banking. The different types of payment are: wire transfer, check, credit card.
 Education & Support
As mentioned they have better in house educational tools than most. They had enough time to fully optimize this, and their service is available when needed through the means of telephone, fax, email.
When it is impossible to trade online due to some reason, traders have the ability to place orders by telephone. This is done according to a very strict communications protocol designed to avoid errors. This will only work thou if you follow the protocol to the letter.
Conclusion.
Alpari Forex Broker that is part of our Top Forex Broker list deserves a chance to prove they have learned from their mistakes, not many brokers even have the opportunity but their resilience and their absolute knowledge of the market makes this again an interesting broker for the larger traders.
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top 3 Cryptocurrency Brokers for Trading Crypto with Forex Broker
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Use Demo, Do NOT Over Abuse It
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suguru342208 · 11 months
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Mastering Forex Trading for Long-Term Success
Forex trading is often hailed as a path to financial freedom, and while it holds immense potential, it's also riddled with challenges that can test even the most seasoned traders. Achieving long-term success in this dynamic arena requires more than simply making the right trades. It necessitates a holistic approach that encompasses strategic planning, effective risk management, unwavering discipline, a commitment to continuous learning, diligent record-keeping, and robust psychological resilience. In this comprehensive guide, we will delve into each of these essential strategies, providing you with a roadmap to thrive in the forex market over the long haul.
Develop a Robust Trading Plan
At the heart of every successful forex trader's journey lies a meticulously crafted trading plan. This plan serves as the guiding star, illuminating your trading goals, risk tolerance, entry and exit strategies, and the rules that govern your trades. It is, in essence, your roadmap, steering you clear of the treacherous waters of emotional trading.
When crafting your trading plan, specificity and realism should be your guiding principles. Define your goals clearly, quantifying what success means to you. Determine the amount of risk you are willing to shoulder on each trade, expressed as a percentage of your trading capital. Lay down unambiguous criteria for trade entry and exit. And most importantly, once your plan is in place, adhere to it with unwavering dedication, irrespective of whether you encounter losses or winning streaks. Consistency in following your plan is the linchpin of long-term success.
Embrace Risk Management
Effective risk management isn't just a recommendation; it's a non-negotiable for forex traders with aspirations of long-term success. The goal here is twofold: to safeguard your capital and to shield your trading career from being derailed by catastrophic losses. One widely embraced rule of thumb is never to risk more than 1-2% of your trading capital on a single trade.
Implementing stop-loss orders is a pivotal part of managing risk effectively. These orders act as a safety net, limiting potential losses when a trade goes awry. Equally vital is proper position sizing, a practice that ensures your trades align with your risk tolerance. Above all, resist the temptation to over-leverage your account, as this perilous path can lead to a swift downfall. Always remember that preserving your capital is paramount, for it forms the bedrock upon which your future growth rests.
Cultivate Patience and Discipline
Patience and discipline are the unsung heroes of successful forex trading. In a market teeming with opportunities and temptations, it's easy for emotions to take control. Impulsive decisions and emotional trading often result in substantial losses. Long-term success belongs to those who can maintain their composure, adhere to their trading plans with unwavering discipline, and patiently await favorable setups while resisting the siren call of quick profits.
True patience also entails embracing the inevitable losses that come with trading. It's imperative not to allow emotions to dictate your actions during losing streaks. Trust in your trading plan, stay the course, and recognize that it is the consistency of your actions over time that yields lasting rewards.
Continuous Learning and Adaptation
The forex market is a dynamic and ever-evolving ecosystem. To thrive within it, you must commit to a lifelong journey of learning and adaptation. Staying informed about market news, economic events, and emerging trading strategies is crucial. Dive into books, attend webinars, and seek wisdom from experienced traders.
Adaptation is equally vital. Recognize that what worked yesterday may not work today. Successful long-term traders remain flexible, ready to adjust their strategies to align with current market conditions. Evolving with the market is not a choice but a necessity.
Maintain a Trading Journal
Keeping a meticulously detailed trading journal is a habit that can significantly contribute to your long-term success. In this journal, record every trade's intricate details, including entry and exit points, the reasoning behind the trade, and the outcomes. Regularly scrutinize your journal to unearth patterns in your trading behavior—both strengths and weaknesses. Use these insights to make data-driven enhancements to your trading plan and strategies.
Psychological Resilience
Forex trading can be an emotionally taxing endeavor, particularly during periods of losses. Building psychological resilience is not a luxury but a vital skill for long-term success. Recognize and manage emotions such as fear and greed, which can cloud your judgment. Consider incorporating mindfulness and relaxation techniques into your daily routine to stay focused and composed under pressure.
In Conclusion
Achieving long-term success in forex trading is no mere feat—it's a journey. It demands dedication, discipline, and a comprehensive approach that encompasses strategic planning, risk management, patience, continuous learning, meticulous record-keeping, and psychological fortitude. Always remember that forex trading is not a sprint; it's a marathon. Success is not measured by individual trades but by the consistent application of your well-crafted strategies over time. Stay committed, adapt to the ever-changing financial landscape, and let the journey to forex trading mastery begin.
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maskmanhk · 4 years
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Just as important in the Forex market as it is in the stock market is the choice of which Forex brokerage firm you opt for. The markets vary in that the stock market brokers have commissions to make their money but a Forex broker will use spreads to make their money.
The forex brokers listed below have been reviewed by us based on a number of key features. We recommend reading the forex broker reviews before making your choice on which forex broker to download & join.
The forex brokers recommended on this page are mainly suited for intermediate and pro traders. They require slightly higher deposit amounts and they might not accept Mpesa. Click here for a list of the best forex brokers that accept Mpesa. These are beginner-friendly forex brokers.
Having made the necessary sacrifices and effort to gather the initial capital to invest, it is quite natural that you wish to invest in an intelligent manner, maximizing your potential profits while, at the same time, keeping your risk levels as low as possible.
You have most probably taken the time to learn the workings of the trading system and garner as much information about the financial markets as possible before investing your money. You have experienced the pain of losses and also the joys of success and by now should have a better idea of exactly what you should be doing and how to go about doing that.
Now, you are finally ready to begin trading properly. You wish to start trading for real and generating a second source of income, no matter whether it is your primary or secondary income source. It is time for you to watch you initial investment pay off and your profits begin to grow.
The only thing you need to do now is to choose a broker and a trading platform to work with. Unfortunately, there is such a multitude of brokers, traders, platforms, and choices being offered. Each one of these also offers its own free gifts, options, and unique features. The realization that trading does not involve simply understanding the system of trading comes suddenly and you begin to experience doubts.
The most challenging questions then become, “Who should I work with?”, “Who should I trust with my money?”, and “Which forex trading platform will meet my needs and desires?” Answering questions like these is not easy, and you will have to sift through a sea of information in order to find the right answers. And if you stumble and make the wrong decision, you might find yourself losing a great deal of potential profit or even suffering from losses due to certain important factors you might have forgotten to include in your decision-making process.
At Kenya Forex Firm, however, our professionals are totally immersed in the world of finance and trading. We completely understand your feelings and the worries that you must be experiencing at the moment. Rest assured that you are hardly the only trader to feel this way.
Our aim, therefore, is to aid you in choosing the best forex brokers in Kenya. We can help you make sense of information that seems chaotic and without order, and also reduce the chances that you will commit any errors. We have taken the time to review every active broker in detail, and analyzed their various trading platform, conditions, and other features that each one offers clients.
Our standards are exacting and our main focus is on the efficiency and profitability offered by a broker. Using the information that we have gathered, we present you with a summarized report of what we feel are the 10 best forex brokers in Kenya, and who will offer you the best terms and potential profits currently available. Emphasis has been placed on the main factors that you should consider when making your decision. With the extensive information we place at your disposal, you will be able to choose the broker, trading platform, and trading conditions that suit your needs and trading style best.
Besides saving valuable time and money, more importantly, you will be more assured that your decisions are the right ones. This will allow you the greatest potential for success.
All that is left for you to do is to make your choice of one of the recommended brokers above, register on their site, and start trading, confident that you have made the best decision possible.
XM Forex
XM forex is a forex trading broker regulated in the Republic of Cyprus that was started by a group of interbank dealers in 2009. Their initial aim was to improve the level of services in the forex trading community.
With XM Forex, traders can access commodities, CFDs as well as foreign currencies. The main advantage of dealing with XM is that because they are based in Cyprus, and Cyprus is a member of the Eurozone, it meets the minimum standards required of any financial service provider that operates in the EU.
It’s also good to know that XM is registered with the FSA (Financial Services Authority) in the UK and Germany’s Federal Financial Supervisory Authority (BaFin). This additional registration gives any of XM forex traders extra protection.
XM have gained an excellent reputation over the years due to their core values of business transparency, top rate trading conditions and expert communication. They offer a wide range of trading options including foreign currencies, precious metals, stock indices and energies. Another positive factor is that there are no rejections or re-quotes of trading orders and their speed of execution is second to none. 99.35% of orders are executed within 1 second.
XM Trading Platforms
XM currently offer a great choice of platforms for their clients that include MetaTrader 4, MT5, XM WebTrader, XM Mobile and MAM Trader.
MetaTrader 4
One of the world’s most popular trading platforms due to it’s user-friendliness and variety of tools. The XM MetaTrader 4 trading platform can be used for manual and automated trading with its own expert advisers.
XM WebTrader
This platform allows traders to trade via the internet without having to go to the trouble of downloading specialized software.
XM Mobile Trader
For those of you who are often on the move and those who love to use their mobile devices XM Mobile Trader is the obvious solution. Trades made using an iPhone, iPad or other mobile devices are easy with their suit of mobile platforms.
MAM Trader
For more advanced trading and the professional trader with more than 1 account, MAM Trader enables you to manage more than one account and has all the necessary trading tools.
Types of XM Trading Accounts
XM offers 3 different types of trading account:
Micro Account
With an initial deposit of only $5 this first level account is ideal for the beginner and those who’d prefer a low risk approach towards their investing. Minimum contract size is 1 000 lots.
Standard Account
This next level account is much more suitable for more experienced and professional traders but requires a larger initial deposit before trades can be done. The benefits are the same as those for Micro accounts but Standard traders can trade with a larger contract size.
Executive Account
If you’re in the position to take bigger risks for bigger gains then an Executive account is for you. The minimum deposit is $100 000 but you get the opportunity to trade in much bigger volumes. Other accounts include an Islamic Account as XM are glad to welcome customers from all over the globe and as such are happy to make special allowances for people’s religious beliefs. If you open an Islamic Account trades will be based on Sharia principles. For those traders who don’t have the experience or time to manage their trading activities there is the option of opening a Managed Account. This type of account allocates the account holder their own personal account manager to manage their funds and take part in trades on their behalf. For complete beginners there is the valuable option of opening a Demo Account. Always a good way to start your forex trading journey as you can experience the highs and lows of trading without risking any of your own money.
XM Forex Bonus info and some additional features
To encourage new customers the XM Bonus is currently $30 worth of credit when you open your first real account. It’s available to all new clients and no initial deposit is required. The bonus is automatically credited to your account and there are no hidden terms. Any profits earned can be withdrawn. Other XM bonus offers include a welcome bonus, loyalty program, free VPS services and no charge for deposits and withdrawals.
So in conclusion XM is a worthwhile choice for both new and experienced traders as it offers an interesting range of bonuses and accounts that cater for the wide variety of people who are interested in investing their money in the forex market. Customer support is available in a wide range of languages and can be contacted on weekdays by live chat, email and via an extensive range of country specific phone numbers. It has a very high rate of executed trades, no rejections and no re-quotes. A distinct advantage in this ever changing market.
EasyMarkets Forex Broker
EasyMarkets
If you’re looking for a forex broker that offers a good all round service Easy Markets could be right up your street. As well as easy forex trading they offer a variety of ways to take advantage of many different markets all across the globe.
Easy Markets is well known all over Europe as it is regulated in several EU countries. Although we should mention that you cannot sign up with Easy Markets if you reside in the USA. Being regulated means you can trust the company’s legitimacy. And as well as trading in foreign currencies you’re able to trade commodities, if you fancy a change of scene.
Easy Markets entered the field of forex trading in 2003. It was started by a group of bankers, forex and internet experts with the aim to provide access to global currency markets as well as trades in equity indices, energy and agricultural commodities, metals and vanilla options via a web-based, desktop or mobile platform.
EasyMarkets Accounts
For their customers EasyMarkets has 3 main types of trading accounts: VIP, Premium, and Standard.
1. Standard
This is the basic level entry account and requires a minimum deposit of $25 and a minimum deal size of $5 000. A mini account gives you access to one on one training, live chat and all platform features.
2. Premium
The next step up is the gold account that requires a minimum deposit of $500 and minimum deal size of $50 000. Additional advantages include your own personal dealer, dealing room chat and access to special offers.
3. VIP
You get all the standard features with a minimum deposit of $2 000 and minimum deal size of $25 0000. As a platinum customer you’re entitled to higher dealing leverage and an expert charting package.
This is the most sophisticated package available for Easy Markets clients. As a VIP account holder you can receive market update calls from dealers, call levels by dealers and customised reports.
All these accounts can undertake trades in silver, gold and oil contracts as well as foreign currencies. Easy Markets also offers some unique extra features such as freeze rate facilities (trades only executed at a certain price) and one click trading. This super fast way of trading means you can buy and sell with little delay.
Easy Markets also offers a range of different easy forex bonus offers that are regularly updated. The current offer is a 20% easy forex bonus trading credit when you make your first deposit.
Like most forex brokers Easy Markets makes its money via the bid-ask spread. In other words their profits come from the difference between the bidding and asking price. The spreads vary according to the liquidity of the market at the time of the trade. However it’s good to know that tailor-made spreads may be available for certain types of account i.e. Platinum and VIP account holders.
For all you forex newbies Easy Forex offers a wide range of educational tools such as training videos, e-books, simulators and events. They also run webinars and seminars for all levels of expertise.
Easy Forex Platforms and conclusion
When looking at different forex brokers the level of customer service provided is a vital factor when searching for the best one. EasyMarkets ticks all the boxes as their customer support is via a 24 hours phone line with quite a few European-based numbers and a few from countries outside the EU. You can also contact the customer support team via email should you prefer.
You know that EasyMarkets is a reliable broker because of the vast number of transactions they get and enable every month. And as well as forex you can try your hand in other markets too. MetaTrader 4 is one of the most commonly used platforms with more than 85% of trades taking place using this software.
So in conclusion, this forex broker is primarily targeted at relatively new traders and those who are looking for a simple and straightforward trading experience. With their range of different options they are also suitable for intermediate and advanced traders, especially if you qualify for preferential rates. Although not available in the USA, traders who reside in Europe, Australia and other countries would be wise to take notice of this easy forex review and have a go at using their user-friendly online trading platform.
FXCM
FXCM is a regulated ECN Forex broker based in USA and has headquarters in New York. The company offers the possibility to trade with and without a dealing desk. You can choose to trade on rates provided directly by the banks with the FXCM widening, getting around 1.8 pips for the EUR/USD currency pair. However, if you need a protection against the spread uncertainty, you can trade with dealing desk with the spread of 2.6 pips on the EUR/USD currency pair.
To open a standard account, the broker requires an initial deposit of 2,000 USD, and it offers leverages of up to 1:200 for all traders who are outside the United States, and 1:50 leverage for US traders. FXCM also offers a mini-account for those who are still new to online currency trading. It requires an initial deposit of 50 USD. I have not tested the mini account, for this reason I can’t share any thoughts about it in my review.
FXCM offers several trading platforms, including the popular MetaTrader 4 platform. For my trading I used the FXCM Active Trading platform. The platform is available to traders that trade more than 10 million currency units per month or deposit more than 25 000 USD. The platform is easy to use and is very intuitive. The spreads are quite tight, around 0.8 pips for EUR/USD, however broker charges a commission of 3.5 USD per 1 lot. I always prefer trading Forex without a dealing desk involved.
FXCM provides great customer support for traders with accounts over 25 000 USD including the weekends when the markets are closed. I didn’t try the standard customer support for smaller account owners, but it states that they offer support in over 20 languages via phone, chat and e-mail.
The registration process requires not only your personal information, but also your financial details and employment information. To approve my account I had to provide a copy of my ID and a valid utility bill for providing proof of residence.
FxPro
FXPro is a regulated Forex broker based in Limassol, Cyprus. I was trading with this broker for a couple of months now. To open a standard account, the broker requires an initial deposit of 1,000 USD, and it offers leverage up to 1:500 for all traders who live outside the United States, and 1:50 leverage for the US traders. However, for MT4 platform it is even enough with 500 USD to open an account. Also, registering a process for the real FXPro accounts was simple.
FXPro offers 2 trading platforms, including the popular MetaTrader 4 platform and their own FXPro cTrader. I always prefer trading Forex without a dealing desk involved,so for my trading I used the FXPro cTrader trading platform. The spreads are tight, around 0.6 pips for EUR/USD, however the broker charges a commission of 65 USD per 1 million traded. Which is 6.5 USD per 1 lot.
Main drawback is that they offer only MT4 iphone and ipad platform. They have not developed mobile version of their FXPro cTrader. And as sometimes I have to leave my computer during the trading process, I am used to manage my positions over the phone.
FXPro provides a great customer support. I had a couple questions during the registration process, which were answered in no time at all. Also I had a couple of small issues with the trading process and quotes, so I had an opportunity to test the customer service well.
Overall, I was satisfied with FXPro services, especially with the customer support and order execution. The commissions from turnover were not the smallest in the market, however I would classify them as normal. The main thing that I did not like was the fact that they did not had their own platform solution for a smartphone.
Dukascopy
Dukascopy is a regulated ECN Forex broker based in Switzerland. The company offers a security of your funds, no price manipulations and quite swift order executions. During the ProForexCourse testing I managed to collect enough experience with Dukascopy for this review.
Dukascopy is indeed an ECN broker with a lot liquidity, but based on my trading experience, Dukascopy spreads are definitely one of the lowest in the industry. My testing parameters were as the following:
Account size: 50 000 USD Commission for 1M: 18 USD Trade size: 500 000 (5 Lots) Trading period: September 3rd to September 28th Trading platform: JFOREX Platform
Firstly, their spreads are floating. On average, the EUR/USD spread reaches around 1.2 pips; however, the broker charges a commission of 18 USD for 1M USD (0.18 pips), which increases the spread in both directions by 0.36 pips. It is still a very attractive deal compared to other broker, though during important news announcements the spread increases by 4 or 5 pips. Also, during the trading period I had a lot of cases with slippage, and once I contacted the Dukascopy representatives, I got an explanation that the slippage was caused by volatile market conditions.
Dukascopy offers several trading platforms, including the popular MetaTrader 4 platform. For my forward test I used a downloadable JAVA-based platform, called jForex. The platform is easy to use and very intuitive. The only thing that I didn’t like much was that platform does not merge positions automatically, therefore after every closed trade I had to do that manually. Nevertheless, the broker does not charge the commission for merging positions, so this was not a big issue.
I really liked the way the Portfolio Statement is presented within the platform. The accounting information regarding the trading activity is very user-friendly: you can easily find all necessary information regarding transactions, trades and commissions.
Signing up for a Swiss broker is slightly more complicated while other brokers offer an online subscription. You are required to download all the papers, fill in the necessary information, and mail the documents to Switzerland. It is suggested that you email scanned copies or fax them first to ensure that everything is in order before mailing your the original documents.
If you are opening up a private account, you will need to include a certified copy of your passport or any utility bill showing your residential address. You will be contacted by a company representative if any additional documentation is needed. A standard bank order is needed to deposit or make a withdrawal from your account.
In general, I had a pleasant experience while trading with the broker. While it offers speedy trade execution and tight spreads, you might get a higher slippage during highly volatile market conditions. At the same time, they size of the slippage is not that critical and it does not occur every time. While the application procedure for an account might be somewhat annoying, it is being offset by an advanced client service and well-thought trading platforms.
Forex.Com
I came across this broker back in 2014. Forex.com is quite a well-known broker and it has two headquarters located in New York and London. The broker allows trading currencies and metals as well as CFDs, and it is possible to execute trades with the FOREXTrader platform, designed by Forex.com, or regular MetaTrader platform.
Personally I never tried their own platform as I at that time I felt perfectly comfortable trading with MetaTrader. Along with its own platform, I like the list of PRO tools they offer such as Autochartist, eSignal and Strategy Center, including DowJones Newswires. It is possible to open a trading account with 1:400 leverage for Forex, and 1:200 for CFD contracts.
During my live experience, sometimes I got lots of re-quotes during volatile times on markets, with spread on EUR/USD reaching up to 3 pips, and I didn’t get that many of them while trading with any other broker. Also, I would debate about the execution speed, as sometimes it took longer than 60 milliseconds to place an order on a live account.
What I liked about the broker is a 24/5 live chat support that helped sometimes answering basic questions related to practical matters (such as opening an account). However, sometimes I got an impression that there was a robot answering my questions.
To conclude, it’s a nice broker, I made my first trading successes and losses with it and it allowed me to get a clearer overview about Forex trading. Yet, for advanced and experienced traders I would suggest trading with others brokers, preferably the ECN-type ones.
Saxo Bank
Saxo Bank is a worldwide-known broker that is headquartered in Copenhagen, with offices located in more than 25 countries. Saxo Bank offers 30000 different trading instruments from over 33 global exchanges, but I was trading only Forex with them, so I cannot express my opinion about other instruments they are providing.
What I like about Saxo Bank is that client funds are deposited at Barclays and HSBC, which are some of the leading players in the banking world, and it means that they are very serious about the security of client funds. In my opinion, the security of funds is one of the most important things that you look in your broker.
What I really liked about Saxo Bank is that they do offer 3 integrated trading platforms, and each one of them is accessible from one Saxo Bank account. The Saxo MT4 account offers the choice of more than 50 FX pairs and CFD indices and commodities. This is not so much of an importance to me though as I trade only one currency pair. But what was attractive for me is that they offered tight spreads and provide leverage of up to 1:200.
The Saxo MT4 platforms allow free access to the Metaqoutes smartphone app so it does allow me to maintain the trade over my smartphone whenever I have to leave my PC. I never had any issues with them. I tested their customer service, that is claimed to be operational 24/5, and I was pleased with their quick responses.
The real account registration process is very easy and is done directly on SaxoMT4 website. Trading with Saxo Bank was convenient, also I am not a huge fan of MT4 platform. And the trade execution was accurate with small slippages and narrow spreads.
  via Kenya Forex Firm LTD
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robertbryantblog · 5 years
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johnattaway · 5 years
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quickclickhosting · 5 years
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qnaxservidores · 4 years
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6 Motivos Para Usar Um VPS Forex Para Trading Como qualquer comerciante forex, você provavelmente está sempre procurando maneiras de melhorar. Enquanto a busca por novas estratégias e técnicas nunca é uma má idéia, por outro lado, é importante também considerar as ferramentas que você usa para fazer o seu próprio comércio.
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