Of all the available forex trading platforms, whether online and offline, in the market forex metatrader is the most popular platform. Many forex traders have benefited by using this software. You can download it with ease. If you are thinking that it will cost you a lot then you are in for a surprise! It is available free of cost and wont even cost you a cent. This software is known for its user friendly interface and it comes with live news,...more
When you are looking to join a forex course you should check details of the course being offered. You should go through the curriculum of the course before you start with it. You should be sure that you will pursue forex trading as your career option. Before starting you should also acquaint yourself with the terms related to the foreign exchange trading. A good course will give you the option to join the trial period and will also give the money...more
Forex Pips: Is the word sounding like a Greek to your ears? Most of the people are not used to this term and it does sound odd. But in reality this word is only a term that is used to refer to anything, like a software or broker, to monitor your foreign trade business. Forex Pips is the short form for Foreign Exchange Price Interest Point. To simplify it further it means the minimum increase that a tender can have. It tells about the rate at which the trade is progressing in reference to the minimum cost. Pips in exact terms indicate the rate at which the value of foreign exchange is increasing or decreasing. Forex Price Interest Point is calculated in the form of percentages and is lot better than the other methods in the market.When the value aspect of the Pips is concerned then it is equal to one over one hundred percent i.e. 1/100%. This helps in the sense that the businessmen will get to know about the point per point change in the market. This is similar to the minute by minute terminology that we normally use. If you want to determine the value of each pip then you can do that by noticing the money lost or gained for every Pip lost or gained. You can also calculate this by...more
If you are looking for a forex trend indicators then there are many that you can use. To name the most common forex trend indicator you can use the moving averages. Traders make use of the moving averages, by stating that the market is bullish if the price is above the recent high. Some of the traders also use the one moving average in combination...more
I have been really surprised by the ignorance that is shown by the various traders. They buy some of the cheap online trading robots to trading on their behalf. Some of these robots succeed while most of them have failed. This is because of the fact that these robots have been simulated to do trading in backward trend. There has been a lack of...more
Avafx is one of the most established and trustable Forex Brokers on the market. Avafx is regulated under the Financial Services Authority. With Avafx you can trade with the Ava autotrader platform. This trading platform is among the most widely used platforms in forex trading. It has several advantages. For example, by using so called automated trading you can trade forex automatically even when you sleep. Forex Megadroid, FAP Turbo and Forex Shocker is among the most popular Expert Advisors that you can use if use Avafx. Avafx makes money on spreads and commissions. When your turnover is very large, your broker make a lot of money from your trading. Is there a way to get a discount or cashback on all this money your broker is making from your trading?Yes there is! Take a look at the following calculation example:Assume that you open an account with , which offers 0.6 pip discount per roundtrip lot traded. One pip equals about $10 on average if you trade EURUSD, EURCHF and EURGBP. Lets say that you deposit $5000 on the account. Our estimate is that you will turn over about 20 Lots per $1000 per month on your account when using FAPTurbo and Megadroid. Assume that your turnover is...more
Best forex broker, in other words a broker that uses that metatrader platform for trading make money on spreads and commissions. When your turnover is very large, your broker make a lot of money from your trading. Is there a way to get a discount or...more