Forex Articles

Myths about Forex

The currency exchange market, or Forex, is well-known to numerous people. Private traders as well as various companies work on Forex. Currency operations are getting more and more popular with every coming day.

Introduction to Forex trading

The essence of any market is buying an item at a lower price and selling it at a higher price. In this regard, the Forex market is no exception, the only difference is that items on the foreign currency market are represented by foreign currencies that have their own prices.

Forex trading strategies

Every trader chooses the most convenient method of trading. The type of Forex trading a trader uses depends on his first-hand experience in money management and the significance of money in his life. There are a lot of strategies of trading on Forex.

Forex market trading hours

The international currency market operates 24 hours a day, 5 days a week, excluding public holidays when all banks are closed. In each time zone there are establishments, selling or buying currency during their working hours.

Forex participants

To start Forex trading, you have to realize what place a private investor occupies on Forex, or, in other words, the role of a trader in the global system of currency exchange.

Advantages of Forex

The foreign exchange market or Forex has the incontestable advantages thanks to those everyone regardless of location, education and income, has the opportunity to trade. All you need is a computer and an internet access.

The guidelines for choosing a broker

Nowadays there are a lot of companies, providing access to online trading on Forex market. Quite often even experienced traders have difficulties choosing a broker that would meet the requirements of convenient and, what is more important, profitable trading on Forex market.

Trend indicators

For allowing a trader to determine the market movement direction the trend indicators were worked out. As a rule, they are not restricted by moving averages. They include such instruments as price models, support and resistance lines, trend lines.

Several ways of employing Fibonacci levels

Each trader applying technical analysis has many postulates he relies on in trading. Quite often it turns out that traders do not go deep into the matter, guided by their market experience only. However, there are effective theories applied to the markets which lack substantial ground. They can be proved by statistics only. This is the kind of theories Fibonacci number theory is attributed to.

Classical Trader’s rules

In order to become successful on the currency market a trader must follow the range of rules. Below we consider the classical trader’s rules which will help you to organize your work on the market in such way that you will have a success and profit on the market.
123

Feedback from traders

Kevin trader
review QuickOption
23-01-25

I've got the worst order execution on the Quick Option platform and the platform always causes some trouble in the risky market, As it didn't execute within time or order it could be delayed. So I got a huge slippage and the position was far from my demanding positions, also my pending orders didn't execute either. So I've almost lost $265 in a standard account. Actually, I am disappointed in dealing with Quick Option.

Penn trader
review Tallinex
22-01-25

What I love trading with Tallinex are; they have bonus programs, the price quoted to 5 decimal places, and the most important thing is, the platform is very stable.

Beahm trader
review 24 option
21-01-25

I got instant order execution on 24 Option platform. I have a live trading account with $700 investments. I can do scalping trade, they give me high profit in the market. I never had any financial problems and have withdrawn my money through Skrill. I've enjoyed their professional service and will continue to trade with 24 Option.

Pearson trader
review ABForex
17-01-25

ABForex is an awful broker, where I got a wired trading experience. I can't run my business on their unobedient trading platform and lost almost $450 from my live account. Sometimes I could log in to their platform and my open orders closed without any issue. I say do not trust ABForex broker.

Gregory trader
review Fidelis
16-01-25

I'm ok trading with them. But when it comes to withdrawal, for a few times, I feel that it quite troublesome for them to process. they will start to ignore you email, give many excuses, and the process took so long.

Show more
Start trading with
no risks and investments
With new Start-Up Bonus of $1000
Get bonus
55%
from InstaForex
on every deposit
Earn up to
$50000
for inviting friends to get StartUp Bonus from InstaForex
No investments required!