Broker Forex List: Choosing An Online Forex Broker The Smart Way

January 4, 2013 by  
Filed under Online Forex Trading

Online Forex
by Tradingrichmom

With so many best online forex brokers available on the Internet, it is impossible for dealers, individual traders of investor groups to research each before deciding on a broker. As such, there are many sites that now take on unbiased reviews of the top brokers in the Internet. Their reviews are quite in depth and often have personal trader reviews as well as professional analyses of their services.

Have a look at www.bestonlineforexbrokers.com for great reviews and lists of brokers. These sites can be a great way to defend against fraudulent broker services in addition to making a great match between you and a broker—an ideally long-term relationship. One of the first things to consider with these sites is which categories they are using to review the brokers; these sites give important details that must be understood according to your trading needs:

Country of Broker Activity. Depending on your country, there are tax laws and stipulations that can make trading with certain brokers a bit complicated. Additionally, the currencies available to fund your account must match that which you will use. As the Forex market spans globally, so do brokers and the laws of their country that govern their activities and trading.
Leverages. Each broker provides a different maximum leverage ratio, this is important for those who focus their trading style on placing trades with ratios from 500:1 and above.
Pips Spreads. The difference between the ask price and the sell price can be a large percentage of the trade itself. This being the case, finding a site that lists decent pips spreads for each broker is important for any trader.
Customer Service and Support. Broker lists should have current reviews of how the brokers responds and reacts to trader and investor questions and issues. A main problem that many traders and investors have their brokers is that they do not feel supported in times of confusion regarding the site, platform, costs of trading or understanding the data as it is presented.
Minimum Account Deposit. Almost all brokers have a minimum deposit amount for investors to begin making trades. The broker lists should have this information available so you can rule out those brokers that are out of your budget range.
Broker Ratings. The broker lists often have a rating that judges on the user reviews and many other factors including the above-mentioned list. www.forex-rating.com has a great voting system to peruse. This is important not only to give to an idea of how others feel about the broker, but also to see that broker is popular and established enough to have user reviews.
Minimum Position Size. With all of the information available considering the Forex environment, micro-trading is a legitimate approach. This means that the minimum amount that one must trade can be quite small. This is often overlooked, but it is an important factor when looking at Forex broker lists.

The process of finding broker forex list can be difficult, but certain sites make it easier to narrow the playing field. When taking these factors into account, you can immediately rule out certain brokers, find one who suits you and start trading.

Learn how to choose the best online trading forex brokers available in the web..

Best List of Top Forex Websites

February 15, 2011 by  
Filed under Forex Trading System

Babypips (www.babypips.com)

Babypips is one of the most trusted names in forex education for newbie’s. It is a comprehensive forex educational website offering a trading-school which starts you out in forex “pre-school” and takes you step-by-step all the way up through the college level of forex trading education. It is a very well designed and user friendly website, very non-intimidating for the beginning trader. Babypips offers many other great features as well like blogs, forums, a “forexpedia”, and other various forex trading tools, for free.

Forex Factory (www.forexfactory.com)

Forex Factory has what is arguably the best forex forum anywhere on the internet. The forum is very active and includes a plethora of forex trading information from experienced traders. It is really a great learning tool for new traders as it is a virtual meeting place for both professional traders and amateurs. They have a great daily economic calendar that conveys the relative importance of all economic reports each day for the forex market. In addition there are many threads offering free forex trading systems, Forex Factory is a great tool to further your forex education.

Learn To Trade The Market (www.learntotradethemarket.com)

This is another good forex educational website that is geared specifically towards price action traders. Nial Fuller does a good job of explaining his trading strategies via a large library of free price action trading videos and educational articles. In addition to learning how to trade forex using price action setups, there are informative articles on psychology, money management, and similar topics. The daily market commentary provides current price action trade setups and a daily chart analysis; this is a useful resource for learning how Nial’s methods apply to current forex market conditions. There is also a comprehensive price action trading course offered that includes access to the member’s area of the website.

Bloomberg (www.bloomberg.com) and Reuters (www.reuters.com)

These two websites are grouped together because they are both very good and objective financial news industry titans. Both offer in-depth coverage of the global financial markets and each have pages dedicated to the currency markets. If you are looking for a more comprehensive understanding of the macro level fundamentals that are driving world financial markets, check out Bloomberg or Reuters. They also both provide up to date foreign currency exchange rates for just about any currency pair you care to know about.

Forex Peace Army (www.forexpeacearmy.com)

Forex peace army contains a vast amount of information on various forex products, everything from trading systems, courses, software, to managed forex accounts. It contains reviews of these products as well as reviews of forex brokers, educational systems, and forums. You will also find information that will help you determine whether or not a particular forex product is a scam or not. This website is widely regarded as one of the more honest and objective hubs for forex related information and reviews. As their website states “Forex Peace Army is an ALL FREE SERVICE for the community of forex traders”.

To learn how to effectively trade the forex market using nothing but a naked price chart click here: Best Forex Trading Course

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