Forex Trading Platforms

Any success you have with Forex trading will not just be down to your analytical skills, money management and good timing. While those traits are undoubtedly vital, there’s one factor you must consider before anything else – and that’s which platform you’ll use to trade on. There are hundreds of Forex brokers to choose from. Some excellent, some average at best. So, it’s important to compare trading platforms before signing up with a broker, making sure you select one that meets your particular needs . Why is it important to look at a choice of Forex platforms? Variety is good, but you must ensure you’re getting what you need from your chosen trading platform. Speed . Trading in Forex is often about split-second timing. As soon as a price hits your entry point, you want to execute your trade (either manually or as part of a programmed trade). Make sure your platform pricing is instant, not lagging and is as crystal clear as it can be. When you execute, you want that trade to be co...

Over the last few years, cryptocurrency trading has become one of the most attractive niches in forex trading. Other than it being extremely profitable, the lack of regulation is its biggest appeal. Still, cryptocurrencies like bitcoin, Ethereum ripple, dash, and Litecoin are dynamic, unstable instruments that need to be handled cautiously and in the most optimal way. To achieve this, you need to choose a trustworthy, well-established broker to carry out your cryptocurrency trading. This is crucial to getting on the right track from the beginning when trading cryptocurrencies. When choosing a broker, it is important to note that not all are the same. A broker that meets the needs of another trader may not meet yours. Here are a few tips to help you choose the best forex broker for cryptocurrency trading: Regulation and Reputation To avoid dealing with an unprofessional broker and being scammed, you need to make sure all your crypto trades are made solely with a regulated broker...

January 30, 2019 • Sponsored Using MT4 on a Mobile Device The rise of mobile has created even more opportunities for online traders. Thanks to the power of online trading platforms such as MT4 and MT5, you can now download a mobile version and make trades from your handset. With 63% of people in the US using at least one financial app on their smartphone, it’s not surprising that trading apps are becoming more popular. In this post, we are going to look at using MT4 on a mobile device. What is MT4? MT4 , or MetaTrader 4, is the most popular online trading platform for forex traders. It provides a conduit between currency trading systems and your mobile device. It has lots of useful features for forex traders, including charts and graphs to help you analyze historical and current prices, tools such as stop losses, and expert robo-advisors so you can automate trades. You can download MT4 on to a desktop PC, use a browser version, or install an app. The app version of MT4 is easy...

Yesterday, the British pound fell sharply, given that neither party was able to successfully approve its amendments. Labor Party’s amendments to expand Article 50 and attempts to stop the Brexit scenario without a deal failed, while the Prime Minister’s proposal for Plan B is likely to be approved only if it manages to agree with the EU and replace the Irish border offer agreement with another. Meanwhile, the EU has clearly stated that they are not ready for further negotiations on the Irish agreement, which put the Prime Minister in a difficult position. However, the downward movement was limited, as investors are now waiting for the next parliamentary meeting on February 13, 2019, when PM May promised to conclude a revised deal if she can get it from the EU. 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 GBP/USD Technical Analysis The British Pound gained tract...

Copy trading , also known as auto trading or mirror trading has been on the rise over the last decade. It simply allows traders to participate in the financial market by copying trades from seasoned and experienced traders. This form of trading offers a suitable trade option to the inexperienced traders or those that lack the time to trade. Here are a few ways you could choose a profitable trader for copy trading. Check out if the trader has been making profits consistently Since you are interested in making profits, the first step is checking the trader’s profit margins. Has the trader been making profits consistently over a period of time? The best period to look out for is one year. There are a few who have made huge profits over a short period of time but unfortunately, this doesn’t mean that they will continue to make profits in the long run. The sum might but to be in the safe side, always check profits in the long run, probably a year. Also, a trader might just be convi...

* Traders await for clues on Fed on possible rate-hike pause * Euro scales near two-week high before Brexit vote * Sterling fades after best week in over 15 months * Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh (Updates market action, adds quote) NEW YORK, Jan 28 (Reuters) - The dollar was little changed against a basket of currencies on Monday as traders were cautious about staking new positions ahead of the Federal Reserve's two-day policy meeting and trade talks between China and the United States. Safe-haven demand for the dollar dried up as the U.S. government started to reopen after a record-long shutdown, and investors were bracing for a slew of economic figures that had been postponed. "This could be the calm before the storm," said Marc Chandler, chief market strategist at Bannockburn Global Forex in New York. "It feels like a consolidation day with a risk-off bias." The euro reached a 10-day high against the greenback as investors cons...

It’s expected that the Fed will signal a pause in their tightening cycle. It pushed the AUD/USD pair higher early Monday. With Australia Day celebration, most of the heavy lifting is being provided by a weaker U.S. Dollar. RBA rate might be cut following National Australia Bank’s out-of-cycle mortgage rate hike announcement. As of now, however, dovish Fed expectations are the main focus of the markets. 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 Hence, the pair could go up further if the equity markets, gold, and iron ore futures remain well bid. AUD/USD Technical Analysis The Aussie dollar started a decent upward move from the 0.7076 swing low against the US Dollar. The AUD/USD pair broke the 0.7100 resistance zone to move into a positive zone. The pair even broke the 0.7140 resistance and settled above the 50 hourly simple moving average. Moreover, there...

Japanese Yen Talking Points USD/JPY attempts to recoup the losses from earlier this week as U.S. Treasury Secretary Steven Mnuchin emphasizes that there are ‘no indications whatsoever of a recession on the horizon,’ but the recent series of lower highs & lows raises the risk for a further depreciation in the exchange rate especially as the Relative Strength Index (RSI) clings to the downward trend from late-2018. USD/JPY Outlook Mired by Lower Highs & Lows, Bearish RSI Formation It seems as though USD/JPY will hold a narrow range ahead of the Federal Reserve’s first meeting for 2019 as the central bank is widely expected to retain the current policy, but fresh comments from Chairman Jerome Powell may shake up the dollar as the central bank plans to hold a new series of press conferences after delivering its interest rate decision. The push for greater transparency may spur increased volatility across foreign exchange (FX) markets as the Federal Open Market Committee (...

Forex trading can quickly become a real lifestyle if you stick to it and grow it. Some people start it when they are very young and find themselves pretty good at it, to a point where they can drop out of school or leave their day job and become a full-time trader. The fact is that Forex has the ability to provide these opportunities, but you have to be ready to take them yourself. You’ve probably already heard how well the South African Forex market is developing, so it is no wonder that there would be some people who became very good at it. Let’s find out about the three most famous South African Forex traders, who became rich through Forex. Sandile Shezi Sandile Shezi is what you would call an anomaly of Forex trading. Sure his story is very similar to the ones you’d find with many other traders in the US or Europe, however, it is important to note the amount of risk this young South African trader took in order to get where he is right now. The 26-year-old has confirmed that...