Category Archives: Free Online Forex Trading Information

Useful and free updates about forex trading - online forex trading, details of forex market, strategies, ideas, programs, products and news.

What is the Catch with
Dealing Desk vs Non Dealing Desk?

There is much beyond the choice between dealing desk Forex broker vs no dealing desk Forex broker.

Usually, you will notice that dealing desk brokers are a lot more “friendly” and give you more great perks and bonuses.

This is where you already start thinking “Hmm, why is all that good attitude from dealing desk brokers, compared no dealing desk?” This is business, if they “sacrifice” something, there must be a purpose for it.

Read more about dealing desk forex broker vs non dealing desk broker.

Looking to Make Online Forex Investments?
You are Target No 1 for Forex Investment Scams!!

There is no need to make the situation look worse than it is. It is like it is - Forex became a magnet for the investors. Wow, what can be better than the market where your investment can get 50% or even 100% up!! Big profits can make even smart people lose the focus.

And this is where the scammers are patiently waiting to fool you. Let’s think reasonably, if they can make 100% a day - would they need your money? And though today online Forex investment scam programs shows smaller % (to look more real), this should not fool you.

On the other hand, there are professional traders and trading companies that care about reputation and give profits.

To help you in sorting out the jewel from the rubbish, read this…

Scam Proof Plan to Ever See Your Forex Investment Profits

Best Forex Investment Scam Proof Plan to Ever See Forex Investment Profit - full version of my post.

Surely having a hand on the pulse of the currencies exchange rates is vitally crucial for every Forex trader. Basically this is from what the trader is making the money - from buying a currency at one price and selling it at another price - more profitable for the trader.

Due to this the importance of competent foreign exchange rate tools cannot be overestimated.

This issue has been already discussed in this post - Yahoo Currency Converters. But this Yahoo instrument is more for the people who are not using any trading platform provided by some broker.

This can raise the question - then why using tools like this? One of the criteria was mentioned in the quoted post - your brokers are showing you THEIR currency exchange rates, not the ones that exist on the real internbank. Which means you are looking on the market with their eyes. Whereas it would be better to do that with your own eyes.

All currencies Forex exchange rate - full version of my post.

The largest financial market is Forex trading. Day or night - the trade goes on. It offers a lot of opportunities. Why not join the day traders if you think you can do it. Once you decide to start to day trading, don’t expect to learn everything about it in an instant. You need to exert a lot of effort. Forex trading requires a lot of practice.

You can practice through simulated trading before using real money. Here you can incorporate all your trading techniques and see if they actually work. Don’t be a scared to lose a certain amount of money. But it doesn’t mean that you should not limit your losses. Most importantly, you should learn from your past losses.

A good trader should be disciplined. Make discipline a habit, and act in accord with trading systems/strategies. You can do your trade in a consistent and reliable manner this way. Certain situations require an individual to make decisions based on their pre-set criteria and parameters.

More information about Forex Day Trading Course.

As promised in the previous post on this blog - List of Currencies in the World - we have done a search to answer the questions of our blog visitors about getting complete lists of world currencies.

We recommend you to use the following URLs with information about currencies, symbols, countries of circulation and abbreviations:

http://fx.sauder.ubc.ca/currencies.html
http://en.wikipedia.org/wiki/ISO_4217
http://www.xe.com/iso4217.php 

Read more here List of Currencies in the World.

List of Currencies in the World - the Search of Top Resources

After having done the post on this blog about Yahoo Currency Converters we have received feedback with suggestions from our blog readers about additional information that they would like to see published here. One of the most frequently asked things was to publish here the list of currencies of the world.

We are always glad to provide our blog readers with more information and have started the research to publish here the list of quality resources with the mentioned information.

We suggest you subscribing to RSS feed of the site to make sure that when the post with list of currencies of the world is published here you get notified about it. 

Read more here about List of Currencies in the World.

What is great about Yahoo is that it is not only search engine, but also an informational portal. One of the features Yahoo is offering is Yahoo Currency Converters.

This section of Yahoo is providing several useful features, among them:

  • simple currency converter (web form where you pick one currency and find out how much it costs in the items of other currency, by the way - Yahoo has a huge list of currencies to choose from, that is why you will not have problems for checking even the rare world currencies)
  • trading charts of USD against major currencies (Euro or Yen, by the way the charts are almost real time)
  • major currency cross rates (USD, Yen, Euro, Can $, UK pound, AU $ and Swiss Franc)

Read more about Yahoo Currency Converters.

ICTS Forex Trading Platform

ICTS (Internet Currency Trading System) is Forex trading platform created by ActForex systems. The platform includes the following features:

Real time execution
Advanced risk management
Charting and technical analysis
Flexibity that allows accommodating various business models without custom development
Customizable user interface 

For more info please visit Free Forex Tips blog.

The largest financial market is Forex trading. Day or night - the trade goes on. It offers a lot of opportunities. Why not join the day traders if you think you can do it. Once you decide to start to day trading, don’t expect to learn everything about it in an instant. You need to exert a lot of effort. Forex trading requires a lot of practice.

You can practice through simulated trading before using real money. Here you can incorporate all your trading techniques and see if they actually work. Don’t be a scared to lose a certain amount of money. But it doesn’t mean that you should not limit your losses. Most importantly, you should learn from your past losses.

A good trader should be disciplined. Make discipline a habit, and act in accord with trading systems/strategies. You can do your trade in a consistent and reliable manner this way. Certain situations require an individual to make decisions based on their pre-set criteria and parameters.

More details about Forex Trading Tips.

Free Forex Currency Trade Report

Can Always HELP You

With Tons of Useful Trading Information!

This is core for many businesses, Forex currency trading including - always check your theories with the grounds of raw practise.

It is an absolute must for every professional trader to be plugged to the latest and most fair sources of real trading info. And the bigger is the scope this info, the better - there is no “extra” with information like this.

Extra tiny details can become a nice brain food and later on get new life in the form of Forex trading strategies, trading software, platforms and new services on this market.

Read more here Free Forex Currency Trade Report.

When Choosing Automated Forex Trading Program…

One should definitely remember that a big portion of success in this type of program is depending upon the trading platform. Usually all automated Forex trading programs are built on some trading platforms, supported or not supported by a Forex broker.

Surely you will want to test your automated Forex trading program in real life, on a real Forex trading account. This is when you will need the help of Forex broker and will depend on the trading platform provided by this broker, because brokers usually give a platform by default and you may feel dizzy about making your Forex trading program compatible with the broker’s trading platform.

Read more about Automated Forex Trading Program here.

When Choosing Live Forex Trading Room…

… Make sure that you have asked your broker about the following details:

- what Forex trading platform the broker is using

- differences (if any) with demo trading

- special rules like stop losses, or overnight

Live Forex Trading Room - the full version of my post.

Persons who have decided to enter the forex trading should educate themselves first. Remember even the basics of forex trading to gain success; you need to know more than the basics. There are many ways to learn forex trading. Join online services, enroll in a forex trading school, become an apprentice of a forex trader. For beginners doing it alone involves a lot of risks.

To choose the safer ways of learning forex trading is much better for novice traders. You are going to benefit from experienced instructors who are already trading forex in real times. This way, you are being acquainted with the real market conditions. It is your own strategy that will win you up.

In the forex markets there are six simple steps that novice traders can follow to achieve success.

Information source - Forex Trading Tips blog.

Why is an automated system to the Forex trading system that important?

First of all let’s determine how large Forex trading market is. Here, we will know the importance of automated systems for the Forex market.

We all know that the Forex market is the largest market around the world not just in terms of average daily turnover and average revenue per trader.

You name it, we’ve got it. Check out the following:

BANKS - are one of the major players in Forex market. Banks cater both to large quantity of speculative trading and daily commercial turnover. Well-established banks can trade billions of dollars everyday. Some of the trades are undertaken on behalf of their clients, but most are through proprietary desks.

COMMERCIAL COMPANIES - these commercial companies trade small quantities of foreign currencies compared to larger banks and their trades produce small and short-term impact on the market rates. Anyway, the trade flows from transactions made by commercial companies are essential factors with regards to the long-term direction of the exchange rate of a certain currency.

Read more here Automated Forex Trading Program.

Forex trading is well-known. Anyway, one may think that it is for the 'big' ones, big businesses and organizations. But in Forex trading there are a lot of ordinary individuals.

Not all currencies are traded in the FX market. There are seven major currencies. Forex trading is the buying and selling of currencies in pair. A typical example is the US dollars/Japanese Yen. The basic of Forex trading is to buy a currency at a lower price and sell it at higher. Sometimes, it is not enough. Forex trading involves a lot of different things that not all individuals have a proper knowledge on.

Read more about Forex Trading Tips.