The Rating Of The Best Forex Brokers

The rating is formed according to the the four main criteria that characterize the broker. All reviews were manually checked by the moderator in order to avoid multiple votings from one IP and make sure all of the information was up to date. So, if you want to choose the best broker today, here’s the list of potential candidates!

FxPro

The first place in the TOP four best Forex brokers 2017 is held by FxPro, one of the largest international Forex brokers, which is well known among experienced traders. The company has been operating since 2006, and has been providing trading services for a very wide range of investment tools to date. In addition to currency pairs on the most advanced trading software, it includes its own FxPro SuperTrader. The broker has held the top position for two months and before that they have spent eleven consecutive months at the third place in the rating.

Forex Club

This team presented the new EUR4H trading system using the Price Action principle in dealing with the key EUR/USD currency pair on the 4-hour interval. The rate in EUR4H’s work is to maximize the potential of the market movement within a day, and the profit for each transaction is almost unlimited. In addition, Libertex for iOS received an updated design and new features.

The evening mini-base online course for Libertex will be held in February for its clients, where you can quickly get the required set of knowledge for an effective start of trading on the financial markets from leading experts of the International Academy of Investment and Trading. A new thematic seminar “How to create your own strategy?” was also held a few days ago.

TeleTrade

TeleTrade holds the third place for the third month in a row, being at the same time in the top four continuously for quite a long time (twenty-seven months). For those who doesn’t not know or have already forgotten about the fact, the company has been in the market since 1994, and even more notably, it was the first to receive CBR license to provide services in the Forex market in Asia.

TurboForex

TurboForex is a relatively young broker; the company has been operating since 2010. It is registered and licensed in New Zealand, but this does not prevent it from providing services to traders around the world. In addition to currency pairs, the list of trading tools offered by the broker includes precious metals and oil. In addition, traders can use social trading, which allows them to copy trades of experienced traders.

Choose the broker you think will suit you best and start your career of trading on Forex today!

Explained: Forex and Binary Options Signals

An increasing number of people are beginning to feel attracted towards the idea of trading in certain financial markets. The internet has made trading accessible to anyone who has a laptop or PC and an internet connection. If you find the idea of trading exciting or as a way of carving out financial independence, then all you need to do to start is find yourself a reputable broker.

The two most popular markers for new traders are binary options and forex.

Binary options

An ‘option’ is a contract that you make with a broker regarding a commodity. You do not actually purchase any of the commodity itself – the broker with pay you based on the contract. A ‘binary option’ is so called as there can only be two results – you are right, or you are wrong. The contract will basically state ‘I am investing a sum with a broker that will be doubled as my return (less the broker’s fee) if the price of a commodity rises/falls within an agreed timeframe’.

An example of this – you invest $100 in the price of USD rising against GBP within four hours. If you are right your investment is doubled minus the fee (typically ten percent). If you are wrong, your investment is lost.

Forex markets

Forex (or foreign exchanges) is where you convert from one currency to another, in the hope that the price of the currency will rise in comparison to the one you have converted from, or to other currencies.

Forex trading is more complex than binary options trading as you are making the purchase of the currency using your own money. You will also need to specify how much of the currency you are willing to buy, what price (whether the price of the currency you bought rises or falls) you will sell at and when you will sell. With binary options you can only double your investment, but with forex trading you can make big gains, but also big losses. Financial events such as a sudden currency crash can occur, impacting your trading account balance.  The concept of option exists in forex trading as well. Opposed to binary options industry, forex traders can use regular (a.k.a. “vanilla”) options that have the same profit potential as spot forex trading, but the risk is limited to the premium associated with the contract. Check out this fx options trading platform from Avatrade.

Binary options and forex signals

Knowing what best to do when you first become a trader is virtually impossible unless you have undertaken a substantial amount of investigation into how financial markets work, and how successful traders make their millions. Four out of every five new traders will quit within their first month of trading as they find the trading market too daunting, or complicated.

For those prepared to stick at it, help is at hand in the form of two trading technologies: binary options and forex signals.

A signal, in this regard, is an indicator sent by an experienced trader or a computer algorithm that suggests you ought to ‘get in on’ a particular trade. Think of a signal provider as your own personal trading advisor.

Binary options signals are usually sent via SMS. This is because a trader will need to act upon a binary options trade quickly, before market conditions change. Binary options are dictated by tight time frames. Such signals are usually created via complex, market-watching algorithms.

Forex signals are typically sent via email. The timeframe is not so important, and there’s a lot more to consider before placing a trade. If you did come into a forex trade too late, you may only lose a little profit. Such signals are usually created by experienced traders rather than software.

You can follows signals manually, or by using what is known as an ‘Expert Assistant’, or EA. An EA is a piece of software that connects the signals to your broker account, meaning that the signals are conducted automatically.

There are paid signal providers and free signal providers. Of the two, paid services are frequently the more beneficial. Free signals are generally created via software.

A typical signals provider is Snipe TheTrade, reviewed here on Invezz. The firm offers both forex and binary options signals at a cost of $99 a month. There is a five day free trial period, so you can get a taste of the signals before you hand over any payments. Snipe The Trade’s signals have a confirmed win rate of over seventy percent, and their trading list is available for you to evaluate.

If you are new to trading, then signals are an excellent way to become accustomed to the mostly complex world of online trading in financial markets. You’ll gain experience and valuable insight, plus – hopefully – a significantly swollen trading account.

Recommending You Effective Forex Trading Strategies

In order to make good money in the market of currencies, a beginner should learn how to analyze the market and create Forex trading strategies on the basis of analysis he does. Certain rules of the market have to be followed by the market participants when trading in Forex. Among these rules is using a trading strategy which can turn an ordinary trading into a profitable trading activity.

Forex Trading Strategies Traders Use

The traders can use or develop the Forex trading strategies which are most suitable for them. Some of the traders use only the technical analysis method while others prefer fundamental analysis. While there are others which use both fundamental as well technical analysis for putting trades in the market. There is a big range of tools helpful to the traders for the analysis of the market and read the fluctuations. The beginner traders need to examine and test all the tools to become skilful in the market.

Support and Resistance levels

Traders use support and resistance levels strategy to determine when to enter and exit in a particular trade. Support is the lowest price level after which a price is likely to start moving upwards. The resistance level is the highest price level at which the Forex traders prefer to close the positions in order to cover the risk of a significant decline. The trends are tested and confirmed at the support and resistance levels. These support and resistance levels can be determined by analysis of Forex charts or previous support and resistance level determined for a period time for analysis.

Moving average Forex trading strategy

We can also recommend a moving average trading strategy. The moving average is used to determine a price over a certain period of time. The short term price fluctuations are eliminated and this strategy allows the trader to view the overall market situation. It is also used to indicate the future price movements whether up or down. If the price is above the moving average the market is bullish and the time has come to buy an asset. If the price is below the moving average the market is bearish and it is the time to sell the assets.

While using Forex trading strategies the traders should clearly understand that using a trading strategy needs discipline and the emotions should not be allowed to interfere. A strategy should be back-tested before using it with your account and a good amount of patience is required to see the strategy showing the results. It is of no meaning to keep on switching Forex trading strategies without giving proper time to any of them.

banner