Forex Trading Platforms

Featured Broker: FOREX.com Start trading the best forex currency pairs with FOREX.com, Benzinga's pick for the Best Forex Broker in the United States. FOREX.com features low account minimums, low spreads, a user-friendly platform, and great customer support. Currency trading, or forex. is the process of exchanging one currency for another or the conversion of one currency into another currency. Unlike stock trading, the forex market is open for the majority of the business week due to differences in time zones; this can make effective trading a more viable option for those who work during the standard exchange hours of 9:30 am to 4 pm. The forex market is also one of the most liquid in the world, with over $5.3 trillion changing hands every single day. How can you get started forex trading, and which currencies are worth converting? We’ve collected information on six of the most popular and profitable pairs , along with some tips on how to choose a broker and some basic ...

Following weekly highs near 0.89, the cross has lost some momentum today in response to the lack of news from the Brexit. It is necessary to note that the key date will be December 11, when the House of Commons is scheduled to vote on the May’s deal. On the data front today, German Consumer Climate dropped to 10.4 in December, ECB’s Private Sector Loans expanded 3.2% on a yearly basis and M3 Money Supply rose 3.9% on a year to October, surpassing estimates. The Euro formed a solid support near the 0.8810 level against the British Pound and recovered. The EUR/GBP pair broke the 0.8835 and 0.8840 resistance level to move into a positive zone following Carney’s warnings that the pound could fall by 25% over a cliff-edge Brexit scenario. Trade with No Fees & Free VPS! Get started with XM and enjoy the pro trading conditions. Stop settling for an average. Choose the best. Sign up with XM now During the upside, the pair also cleared the 61.8% Fib retracement level of the la...

Featured Broker: FOREX.com Start trading the best forex currency pairs with FOREX.com, Benzinga's pick for the Best Forex Broker in the United States. FOREX.com features low account minimums, low spreads, a user-friendly platform, and great customer support. Currency trading, or forex. is the process of exchanging one currency for another or the conversion of one currency into another currency. Unlike stock trading, the forex market is open for the majority of the business week due to differences in time zones; this can make effective trading a more viable option for those who work during the standard exchange hours of 9:30 am to 4 pm. The forex market is also one of the most liquid in the world, with over $5.3 trillion changing hands every single day. How can you get started forex trading, and which currencies are worth converting? We’ve collected information on six of the most popular and profitable pairs , along with some tips on how to choose a broker and some basic ...

Insights for the Asian Forex trading session Friday 30/11/2018 *** AUD/USD: Australian dollar is under pressure at 0.72990 support *** GBP/USD: British Pound retreats  to 1.27685 support  *** EUR/USD: Euro consolidates above its 500 EMA at 1.13945 and 1.13600 *** USD/JPY: US dollar defended its position at its 500 EMA and pushed prices up to 113.430 *** USD/CAD: US dollar consolidates at 1.32195 and 1.32505 ** Japan Retail Sales YoY (Oct) - (Up 3.5% vs 2.7% forecast) *** Germany Unemployment Change (Nov)  (Up -16K vs -10K forecast) ** Germany Unemployment Rate - (5.0% vs 5.1% forecast) ** U.S. Initial Jobless Claims - (Up to 234K vs 221K forecast) *** U.S. Pending Home Sales MoM (Oct) - (Down -2.6% vs 0.8% forecast) Fridays critical macro summary ** Australia Private Sector Credit MoM (Oct) - 11.30 hrs  *** China Manufacturing Purchasing Managers Index (PMI) (Nov) - 12.00 hrs  ** China Non-Manufacturing Purchasing Managers Index (PMI) (Nov)...

If you’ve ever had a conversation with a forex trader, the word “pip” has probably come up. Most often, you’ll hear how many pips a currency has moved or how many pips the trader has gained or lost in a trade or with a particular trading strategy. If you’re a new forex trader , your conversation can run the gamut from interesting to pretty confusing. No worries. Benzinga will help smooth out your “pip” knowledge. What is a Pip? A pip is short for “percentage in point.” It’s the smallest measure of change for a currency pair and it is not the same for all currency pairs. A change of a pip for most currency pairs is measured in four decimal points (0.0001), but you can also find currency pairs where a change of a pip is a change of 0.01. How Do You Use a Pip? To show how much they’ve gained or lost in a trade , forex traders use pips. The profit you make on a trade can be expressed in the amount of money you’ve made, but that depends a lot on the size of a trade and other factors....

[unable to retrieve full-text content] Equity launches forex trading system    Business Daily Key clients targeted are corporates and small and medium size enterprises. https://ift.tt/2Ql3CyR

Nov 28, 2018 at 20:54 | Updated: Nov 28, 2018 at 20:54&nbspUTC By   Rishma Banerjee In a notice to its customers. The Union Bank of Nigeria said that effective immediately they would be monitoring accounts which are involved in trading digital currency intending to shutting them down without explanation. This is, according to the bank in keeping with the various warnings issued by the Central Bank of Nigeria, in the past. This announcement has however caused an outrage amongst the cryptocurrency and blockchain enthusiasts, who have taken to Twitter and other forms of social media to vent their doubts about the integrity and financial literacy of the country’s banking sector. “To guarantee the security of our customers’ funds, Union Bank will monitor accounts being used for cryptocurrency transactions and may impose restrictions including closure of such accounts.” The bank provided that the reason for such decisions was based on cautionary statements from the...

The temporary freeze on the participation of the five banks in foreign currency trading is seen as part of ongoing regulatory measures by the BoT to curb irregular forex trading and money laundering activities. The BoT last week shut down several foreign exchange bureaus in Arusha, with authorities arresting an unspecified number of suspects. The central bank said it has suspended the five banks from trading in the IFEM due to alleged violations of conduct. "The suspended banks violated some provisions of the code of conduct. They either traded at off-market rates and/or did not submit to the central bank the transactions they made ... contrary to the requirements of the code of conduct," the BoT's Director of Financial Markets, Alexander Ng'winamila, told the Financial Times. "The measures are intended to enforce compliance to the interbank foreign exchange market's code of conduct." Ng'winamila named the banks suspended for trading in the fore...

Forex trading is characterized by high liquidity, extreme volatility, low trading costs, and fast execution. Average trade volume per day in the forex market amounts to roughly $4 billion. In order to wade through this highly volatile market, you’ll need a superior broker. To zero in on the best fit for you, Benzinga has done a comparative analysis of two industry powerhouses: FOREX.com and Oanda. FOREX.com vs. Oanda: Overview We break down FOREX.com and Oanda based on spreads and fees, trading platform, research, and other offerings. Here’s a side-by-side comparison to get you started. Commissions Spreads start as low as 1 But vary based on trading volume Best For Traders of all skill levels If you need a great mobile experience Those who like easy-to-consume data and research Commissions $5 per 100,000 base currency traded Best For Beginners Cost-conscious traders Traders who keep a low account balance FOREX.com vs. Oanda: Spreads and Fe...

First victim on Wednesday is the Bitcoin, which suffers a lot in the second half of the November. We signaled the weakness of the BTC on the 15th of November , when we were straight after the breakout of the crucial support around the 6000 USD. We knew that it was a decisive moment for this crypto. This is what we wrote in our previous piece: Trade with No Fees & Free VPS! Get started with XM and enjoy the pro trading conditions. Stop settling for an average. Choose the best. Sign up with XM now „Oh boy, BTC is in a big trouble right now. Potential target is much lower, our eyes go as low as on the levels around the 3000 USD „ 3 on front was already reached. Price was testing the 3700 USD support (yellow) since Sunday. At some point, we had a descending triangle pattern, which was promoting a further drop. It did not happen and traders chose the other solution – to go north. In the long-term that does not change anything. Thee sentiment towards the BTC is still negative...

Long time, no see with the Cable. Well, during Brexit negotiations I preferred to avoid trading this instrument. Situation changes today as we do have a very nice technical movement and the volatility caused by fundamentals should decrease now, as we are all waiting for the voting in UK’s parliament. Previously, we talked about the GBPUSD on the 24th of October and we said this: Trade with No Fees & Free VPS! Get started with XM and enjoy the pro trading conditions. Stop settling for an average. Choose the best. Sign up with XM now “The test was positive for the sellers as the price bounced from that line and went lower. In other words: on Monday we got a sell signal and yesterday we got a confirmation. The sentiment is negative and in the next few weeks we should get to the the lows from the 15th of August. „ The price indeed went lower and aimed for that target. Then we bounced, went higher and most recently, aimed for those lows again. That price swings allowed the ...

In yet another major digital banking move, Equity Bank has launched an online forex trading platform dubbed Eazzy FX, that gives customers the freedom to trade forex and forex pairs in real-time in Kenya. The idea behind Eazzy FX is to enable SMEs and corporates easily access and trade Forex, essentially democratizing Forex trading. “Eazzy FX is the latest innovations within the Eazzy suite of digital banking products,” said James Mwangi, MD & CEO, Equity Group Holdings. Equity Bank, and its subsidiary company FinServe , have recently launched a number of digital products and services which have positioned the company as one of the most innovative banking service in Kenya in recent years. The Future of Forex in Kenya Banking is quickly becoming a lifestyle and products that were once only accessible at physical banking locations are getting digitized. Speaking about the new innovations in banking, Mr. Mwangi said: “Banking is more and more becoming a lifestyle and soon we...

Insights for the Asian Forex trading session Wednesday 28/11/2018 ***  AUD/USD: Australian dollar bounced at 0.72035 and attempted to secure its position above 0.72145 ***  GBP/USD: The British Pound looks for support at 1.27245; resistance at 1.27685 ***  EUR/USD: Euro has fallen deep into bearish territory  ***  USD/JPY: US dollar extended its impressive run to 113.840 *** USD/CAD: US dollar retreats to 1.32875 *** U.S. CB Consumer Confidence - Down to 135.7 vs 135.9 forecast Wednesdays critical macro summary ** U.S. API Weekly Crude Stock - 08.30 hrs ** Australia Construction Work Done QoQ - 11.30 hrs *** U.S. Gross Domestic Product (GDP) QoQ - 00.30 hrs ** U.S. Gross Domestic Product (GDP) Price Index QoQ - 00.30 hrs ** U.S. Goods Trade Balance (Oct) - 00.30 hrs ** U.S. New Home Sales MoM (Oct) - 02.00 hrs *** U.S. New Home Sales (Oct) - 0.200 hrs *** U.S. Crude Oil Inventories - 02.30 hrs   The FX Majors Current positions and it...

Equity Bank has today unveiled an innovative online forex trading platform in a move that seeks to harness the potential of the financial markets in Kenya.  The platform dubbed “EazzyFX” offers a seamless experience in buying and selling foreign currency digitally eliminating the need for face-to-face or over-the-phone transactions. It also allows access to competitive prices on both emerging market and major traded currencies. Among the key features of the online service include real-time streaming access, competitive market pricing and immediate tailored request-for-quotation facilities. Insights on all trades and deals are also available. Users are able to personalize their profiles detailing their preferred currency pairs from the main dashboard in order to monitor a specific currency or to compare particular currencies against others. The new EazzyFX capability gives SMEs and Corporates freedom and control over their trading and saves them time since they will n...

The temporary freeze on the participation of the five banks in foreign currency trading is seen as part of ongoing regulatory measures by the BoT to curb irregular forex trading and money laundering activities. The BoT last week shut down several foreign exchange bureaus in Arusha, with authorities arresting an unspecified number of suspects. The central bank said it has suspended the five banks from trading in the IFEM due to alleged violations of conduct. "The suspended banks violated some provisions of the code of conduct. They either traded at off-market rates and/or did not submit to the central bank the transactions they made ... contrary to the requirements of the code of conduct," the BoT's Director of Financial Markets, Alexander Ng'winamila, told the Financial Times. "The measures are intended to enforce compliance to the interbank foreign exchange market's code of conduct." Ng'winamila named the banks suspended for trading in the fore...

Equity Bank has today launched an online forex trading platform to tap into the growing forex trading market in Kenya. The platform is called EazzyFX and is available at equitygroup.com/eazzyfx . It will allow people to buy and sell foreign currency. The platform features include: Real-time streaming of currency and price Insights on trades and deals Currency monitoring and comparison Placing of buy and sell orders History of all trading activity Settlement accounts set up for forex conversion. The new platform is available to both individual and corporate customers. To access, all you have to do is create an account and start trading. EazzyFX is hosted by Thomson Reuters Electronic Trading. https://ift.tt/2Q2z3i7

We are all aware that Forex refers to a currency market where traders buy currencies and sell them. For a trader to earn some money at Forex, they should have the currency of a country, which they can exchange for another country’s currency. As a result, a trader will either get a profit or loss. In forex trading, you can decide whether to invest some money or trade without a deposit. Top Forex brokers do provide a free no-deposit bonus to traders. In such a case then you can trade at forex with no money. Whether you opt to trade with or without an investment, the truth is that each case has its own risks. This is true especially if you don’t have the necessary experience and knowledge on how to trade in Forex. That is why you should learn some basics on how to start forex trading business with no money. Related Articles: Forex has a daily trades amounting to 5.3 trillion dollars, making it the top fiscal market across the globe. This alone poses a great chance for traders to e...