Common Aspects of Top Forex Traders

Forex or foreign exchange currency market exists wherever one currency could be traded for another currency. There has been an incredible upsurge in the average daily trade of global forex and related markets. For the year ended April 2007, the Bank for International Settlement estimated such markets to be over US $4 trillion. In New York alone, trading accounted for nearly 16.6% of the total daily global turnover of $3.98 trillion. Because foreign exchange is an OTC (over-the-counter) market, there is no central exchange or clearing house. Instead brokers or dealers negotiate with each other directly. There are very few or little cross-border regulations.

Currency trading or forex trading could be affected by a number of factors. Some of them are fiscal or monetary policy of the government, political conditions in the country and market psychology that includes the traders’ perceptions. This non-stop cash market can change at any time in response to real-time events. In fact, it could be very difficult to small time traders to keep up with the constant fluctuations in the currencies.

‘Forex traders’ are the currencies that are traded by the investors. The best forex traders or the top forex traders are those that are making most profit for the investors. You can now easily get information on net about the top forex traders by accessing live data online. This helps the general public to reap in good profits.

Success doesn’t come easy. That is true. Yet we can guarantee good profit by getting good forex training. The most popular forex traders are ones that are monitored closely. They are called the ‘majors’. The EUR/USD combination, the USD/JPY, the USD/CHF, and the GBP/USD combinations are the most popular ones. You need good forex trading guides and proper forex training education to earn good money from this extremely lucrative system.

The top forex traders know how to follow the rules of the game. Most beginners might feel that such a system is useless. They may even ignore it and trade in it using only their gut feelings. Following the currency trading system that has been developed over several years by experts helps the top forex traders to cut down its volatility. Also it is only the top forex traders who know where and when to place a stop order. They can help investors to avoid getting hit by bad exchange rates and thus minimize their losses.

Finally it is only the top traders who have the ability to stand high in any tide. They are never tempted to end a position against the system’s orders. Top forex traders know how far their losses could go only because they follow the stop loss order. Thus with a stop loss order, the investor can stop the trade even if it does not go well. Beginners don’t have that guts to stand out against the wind. With the initial black clouds, they disappear. This is because they lose; they close that position instead of waiting for the big opportunity that comes on later! Finally discipline and forex knowledge holds the key to success.

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Forex Robot – Top Forex Robot Comparison at its Best for a Thorough Understanding of its Features

Forex has a wide range of robots that cater different needs for different traders. We are always in a hurry to label a product without thorough investigation, which, sometimes may be utterly wrong. This article gives you a good assessment of the two top forex robots, namely, FAP Turbo robot and Ivybot robot.

Similarities:
Both robots are automated and can trade 24/7 with high accuracy. Both are equipped with AI – Artificial Intelligence that enables the robot to analyze and trade with reason and not randomly. Both the robots are designed by Forex after years of experience in currency trading. They can trade at the foreign Exchange Market. It is not expensive and does not require a huge capital. The initial purchace comes with a 60 day money back guarantee, user manual, easy to follow video, lifetime forex membership, licence to trade and an account to start trading. Both robot need internet connection to trade.

Dissimilarities:
Ivybot is more of a recent launch than FAP Turbo robot. Ivybot can trade in multi-currency pairs whereas Turbo trades only in one currency pair. FAP T can trade even while you are sleeping or occupies with something else. Ivybot is very simple to install where as FAP Turbo may sometimes require assistance from forex customer care while installation. Ivybot receives regular weekly updates where as FAP Turbo is not equipped with the same. FAP Turbo is voted top two in a recent forex robot survey. Many trades making profits are bound to have used FAP Turbo. But Ivybot is relatively a new robot , nevertheless, revolutionary at the forex market.

Distinct features:
FAP Turbo
FAP Turbo robot requires a capital of 50$ to start trading.
It can trade in one currency pair which is EUR/CHF.
It can trade even while you are asleep with the use of VPS – Virtual Private Server. When you wish your robot to trade even while you are sleeping or occupied in some work, you can choose this option which enables the robot to trade even when your system is off. But, this comes with some extra charge for hoisting.
It uses meta trader 4 platform for optimised positive trading.
Installation requires about 15 minutes and sometimes assistance from forex customer care.

Ivybot
Ivybot robot is the newest robot from forex.
It requires a capital of 50$ to start trading.
Ivybot robot can trade in four currency pairs, which are , EUR/USD, USD/CHF, EUR/JPY and USD/JPY. This is because the robot software is made of four independent robots which trade in each currency pair respectively with assistance from EA – Expert Advisor feature.
Receives regular weekly updates making it never outdated.
Installation is very easy and requires about 15 minutes to complete installation process.

Nicole Anne Smith has been a professional forex trader for over 6 years with a top brokerage firm in the US. Ever since the advent of forex trading robots, she has been exposed to how professional traders use these robots for their daily trading activities. She has since used this skill and utilized these forex robots for her own business. Find out how you too can trade forex professionally with automated forex robots.

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Top Forex Trading Platforms – FX Cast Forecast to Be a Winner

FXcast definitely has to be in the list of top Forex trading platforms with their use of the Metatrader 4 platform.

Whether you are a new trader or an old hand, the Metatrader 4 software is easy to use and provides you with up to the second information allowing you to keep on top of your trades to make your trades easy and error free.

For the new trader, they offer a training demonstration program that allows you the opportunity to learn how Forex trading works long before you invest your first dollar. Accounts can be opened with as little as $10 which is one of the least expensive in the markets.

The Metatrader 4 software offers one of the simplest user interfaces in the market, but still offers some of the best charts for even the most professional trader to track his entries and exits. There are two different platforms offered by FX, the FX Swing for beginners and smaller accounts, and the FX Swing Pro for the more experienced trader who has more in his account.

Registration takes less than five minutes to complete from start to finish, once your deposit is made and verified you are ready to trade. This company is registered in Antigua and Barbuda and has established themselves as a reliable member of the financial community.

Deposit options include Liberty Reserve, Webmoney, International Bank Wire Transfer, eBullion and credit cards to make it easy to deposit and withdraw your funds. Access to your deposits is within 24 hours; depending on the method you chose to make your deposit, some make take up to 1 full day in order to give FX a chance to verify the identity of the person making the transaction for security purposes.

FX offers trades in over 35 currencies with pip spreads as low as 3 on major currencies and leverages ranging from 1:25 all the way to 1:400 depending on the size of your account. By using the spread to cover their expenses, there are no commissions and no hidden fees charged to the trader. Being based out of Antigua and Barbuda lends an almost British sense of fair banking practice to FX, and has gone a long way in helping them to become one of the most respected and trusted Forex trading platforms available online today. Add this to superb multi lingual support and you have the makings of a very successful partnership.

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Top Forex Trading Software Systems

Some of the characteristics that traders look for in a trading software are its reliability to provide real-time and accurate information, an interface that is easy-to-follow but still manages to provide all the necessary information that will help you arrive at a healthy investment decision, and at some point, may include tips on how to know when it is a good time to invest or pull your investment out of the market. There are a lot of software in the market that poses themselves as the top forex trading software systems so it will be really difficult to choose from the available software nowadays.

One software you may want to take a look at is Leverage Fx. It may not be an award-winning top forex trading software systems or famous software but most of the traders are actually recommending this software.

Its interface is easy to follow and it consistently provide queues that can give beginner traders a hint if it is a good time to invest or not.

Some of the other features it has are the all-day long chat room that may contain real-time insights from co-investors and some experts, and consistent email, audio and mobile SMS alerts that come in handy when an extreme situation in the market arises that would need your immediate attention.

Reliability of data should always come first when looking for the top Forex trading software systems. However, as most of the software providers claim about the same thing, really the only way for you to try out the reliability of a software is to try it out and see if it will work for you.

Top Forex Trading Platforms – Forex Yard Gains Ground

One of the top Forex trading platforms available on the market today is the one from Forex Yard. It has what it takes to get up and trading in a very short time with excellent downloadable software.

With foreign currency trading becoming a very popular way to make money in today’s economy, many people are turning to online trading from their office or home, in hopes of scoring the big profits. It takes a lot to become one of the top providers in the Forex market. You have to be able to not only provide excellent software, but a high speed, easy to use interface that provides the trader with no lag or down time.

Forex yard starts out with a great training program to make sure that both the new and seasoned trader understands not only the software, but also how the market works. Along with the training programs for both novice and expert traders you will get online trading tools, a downloadable platform and access to their exceptional customer service.

This software is designed to allow the new customer to sign up and be ready to trade in minutes. By using your credit card to fund your account, you have instant access to your money for trading purposes. Features such the no slippage guarantee, means that there will be no difference between the quoted price and the one you receive at final execution of the deal. A point or two here and there may not seem to be much, until you add them up at the end of the day.

Forex Yard also offer traders protection against losses by issuing an automatic stop order on your account if it appears to be going below the amount of money you have available in it. This is a great way to help stop you from getting in over your head.

Fixed spreads are guaranteed at the rate of 3 pips on the EUR/USD market and 3-5 pips in all other markets to insure that your trades are stable, they do not change this even when world market events are making big news, other companies will either freeze their market prices or make their spread much wider.

Couple all of this with world class technical support that is available 24 hours a day, 7 days a week and you will find that using Forex Yard will be a very pleasant experience. Overall user survey opinions rate this as one of the best downloadable platforms currently available.

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How to Get Top Forex Training

The key to financial earnings on the Forex market is to know what you are doing. There are some top Forex training services available to assist you obtaining the knowledge you need. It’s what you don’t know about the market that is usually your downfall.

Finding Your Starting Point

One of the first things you probably need to know is that there are all kinds of training aides that are available for traders. So you need to start in the right place. There are aides, for example, for beginners all the way to how to employ specific trading strategies. You don’t want to start over your head. Be realistic about what you know and what you want to accomplish and begin there.

The best services will cover a wide range of training options. While you can find individual training tips and guides, the more reputable services will provide you with tutorials from beginner to advanced levels. You will want to focus on these types of services is you are looking for a holistic training approach.

What You Need Learn

The list of what you need to learn about the Forex market is expansive. But there are a few basics that will allow you to hit the ground running. A good training program will familiarize you with the terminology that is associated with Forex. Next you need to understand the premise under which the market operates. You will then need to learn how to operate the software you are utilizing to transact on the market.

You will need to gain an understanding of market conditions and a few basic trading strategies. Now, this is only a basic overview of what you need to look for when identifying top Forex training services. Remember, the more expansive the training, the better.

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The Top Forex Robots – An Honest Review

Let’s take a look at some of the top Forex robots and why traders all over have been turning to automated systems and if they truly do deliver as promised. After all trading systems make our lives a lot easier and most of us simply don’t have countless hours to analyze charts and educate ourselves on all the fundamentals of trading. Granted we need a basic understanding, however we do not need to be a complete expert to utilize automated systems and profit from them.

Forex trading robots are great, but it’s important to choose one that’s going to not only make you money, but one that’s also going to be compatible with your broker. Most trading robots and systems are what are called “EA’s” or expert advisors and these expert advisors for the most part run on the MetaTrader 4 platform. Therefore if you plan on using one make sure you find a broker that uses MetaTrader 4 as their trading platform, that’s number one.

Secondly trading systems always look good during back tested results. This means they’ve taken their trading system and have looked at the past and how it would have performed given its current settings. Don’t let this fool you, make sure whatever system you choose has been forward tested, meaning using real live data and trades that were taken in real time market conditions, not on what would have happened had we taken all the trades 6 months ago up until today.

Demo trade your system first before going live. One the biggest mistakes people make with trading robots is grabbing it then funding their account and trading it live right away. Demo trade the system for at least 3 to 6 months before placing any real money into your account. Doing this will give you a really good handle on how the trading robot functions and whether or not it’s going to suit your trading style.

Lastly see if you can test drive the trading system before making a full purchase of it. Good trading systems allow you to actually use it on a trial period. We’ve found 2 systems that allowed us to demo their signals on a trial period and I have to tell you both of them were excellent.

Which Are the Top Forex Brokers?

This article is about the top forex brokers in the market. In forex trading there’s a few brokers that stand out from the rest and they are SaxoBank and Gain Capital Trading. Both are huge brokers and have the market cornered. Both offer trading in stocks, bonds, derivatives, commodities and forex. Both have great customer support and reliable and advanced trading platforms.

So is there really any reason not to choose one of them as your forex broker? Well, do you have $100,000 to deposit, because that’s the kind of money you need to trade directly with either broker at decent rates. SaxoBank do offer a forex account with only a $2000, but you will pay so much in commission and fees, that it will likely not be feasible to trade with that amount. Gain Capital requires $100,000 to open a trading account. They also run Forex.com, which has a much smaller minimum deposit (only $250), but they don’t seem to be popular with traders online. Too expensive. The thing is, these two brokers are aimed at institutional and professional traders. They’re not aimed at smaller private traders. In fact, you could get the impression that the high minimum deposits and fees is a deliberate attempt to discourage smaller investors and focus on the big players. Nothing wrong with that of course. It just doesn’t help you.

But where do you go if you don’t have that kind of money? There’s a lot of brokers available. If you read reviews online then there’s two things you’re invariably going to run into: The very positive and the very negative reviews. Forex is a very competitive market and even though it can’t exactly be proved, it wouldn’t be too much of a stretch to think that forex brokers spend some of their marketing budget on ‘reputation management’! Just keep in mind that things are most likely not as bad or as good as the reviews claim. To find the top forex brokers, you’ll have to try for yourself.

Top Forex Forums – Finding Quality Information

Tired of spam, aren’t you? It all started with junk mail – all those colorful ads stuck on your physical mailbox. All these junk mails had themselves evolve into more advanced entities to allow them to enter the online community. Now, they have entered the electronic mail through Spam. They are all over the internet – on forums, billboards, threads, blogs, name it they’re on it. If you are a simple Joe looking for information, how would you be able to arrive at the best forum? This article, Top Forex Forums – Finding Quality Information, walks you through on the different forums you can choose from online.

Forex Forums
There is a website you may try out called Forex Forums. Here, you will be able to meet real people who have been in the same situations as you did and will be able to give first hand advices on how they overcame specific challenges.

ForexPros
There is another community you may want to check out. ForexPros is composed of real people, too, who assembled themselves to form an online community aiming to help people out with their Forex concerns.

GoForex
If you are looking for the question and answer type of forums and are not much interested with social networking, you may want to try out GoForex. This forum is composed of experts that are ready to work on your questions and provide researched answers to those that may require deeper research.

These three had the best reviews on the web. Their reliability and easy-to-use interface have sure brought them to where they are now and are widely recognized for their accuracy and efficiency.

Best Forex Platform – See the Review of the Top Forex Trading Broker

I have done a thorough research to discover the best forex trading platform out there. I am a forex trader and I have actually used countless number of forex trading platforms but most of them do not always suit my taste. They usually lack one forex trading feature or the other. I have used ACM, Meta trader and even Marketiva and still counting.

In addition, without taking much of your time let me reveal to you the best forex platform out there and reasons to show you that it is the top forex broker out there. Etoro is the best forex trading platform. It beats other forex trading platforms in the sense that it has some features which they do not have. I am going to review to you why Etoro beats other forex trading platform hands down.

The review goes:

1. Simplicity: it uses an easy to use and visual trading platform. This makes it easy for beginners to learn the proper way to trade using it in less time due to its trading activity is shown in a visual mode. This makes it simple to view and learn.

2. User-friendliness: Etoro’s platform is made for you to see that you do not have to exhaust all of your time figuring out the way to trade. The interface performs this for you; it enables you to focus more on taking trading decisions which really matters. No matter your method of trading it has all kinds of forex trading tools for you to use.

3. No commissions: Etoro does not charge any commissions for any forex trading activity you perform, same as overnight rollover fees. You are given bottom low spreads which are as small as 2 pips and an incredible small first margin necessity of $50, which is the initial minimum amount needed to trade.

4. Reliability: Etoro is run by experienced forex brokers and they are positive in their excellent trading abilities. Every trade you place is entered right away using good precision, so your trades is entered the way you want them and how you need them.

5. Practice: As forex requires a continuous learning experience, and because it is not wise to lose your money as you are attempting recent techniques. Etoro offers demo trading using live market rates. This makes it possible for you to attempt new techniques without risking your money into it by using demo account.

6. Customer service: Their customer service is efficient. They have an open customer service that runs round the clock, that is 24 hours in 7 days.