For the following list, we have received good feedback on each of the recommended managers depicted below. Hopefully, these recommendations will help guide you to the manager of your choice. As always, previous performance is no guarantee of future success, the reason why you must continue to review and monitor the results of your chosen manager over time. Remember that you are the one in charge, and you have the power to change, if and when a manger does not live up to your expectations.
Moreover, as we live in an age when we use are smartphones and tablets more often than ever, brokers wanted to make sure that people who are constantly on the move will also be able to trade forex. Most brokers, at least the most popular ones have developed, usually, more than one mobile trading platform in order to cater to the needs of owners of different mobile devices, most notably iOS and Android.
1) Irreversible: After confirmation, a transaction can‘t be reversed. By nobody. And nobody means nobody. Not you, not your bank, not the president of the United States, not Satoshi, not your miner. Nobody. If you send money, you send it. Period. No one can help you, if you sent your funds to a scammer or if a hacker stole them from your computer. There is no safety net. 

Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. You may lose more than you invest. Information on this website is general in nature. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. Trading through an online platform carries additional risks. Refer to our legal section.
Risk Management Tools: Leverage explains above increases the risks of forex trading. For traders with a low-risk tolerance of those new to forex trading, it’s recommended to consider a foreign exchange broker that offers risk management tools. These can include guaranteed stops, where a maximum loss amount can be locked in. Another is minimum balance protection which guarantees a currency trader loss can’t exceed their deposit.

Combinations of these forces are always in play in world markets, establishing long-term themes that track equally long uptrends and downtrends. For example, the Federal Reserve (FOMC) economic stimulus begun in 2009, initially had little effect on gold because market players were focused on high fear levels coming out of the 2008 economic collapse. However, this quantitative easing encouraged deflation, setting up the gold market and other commodity groups for a major reversal.

Economic numbers: While economic numbers can certainly reflect economic policy, some reports and numbers take on a talisman-like effect: the number itself becomes important to market psychology and may have an immediate impact on short-term market moves. "What to watch" can change over time. In recent years, for example, money supply, employment, trade balance figures and inflation numbers have all taken turns in the spotlight.
Different investors are going to prioritize different things. A day trader, for example, requires speed and flexibility. A first-time trader may value educational resources and reliable customer support. But one thing every trader should care about is cost. Not paying attention to investment expenses is like revving your car engine while filling it with gas. That's why we spent a lot of time balancing price with what each site offered.

This is because the spread can be influenced by multiple factors like volatility or liquidity. You will notice that some currency pairs, like emerging market currency pairs, have a greater spread than major currency pairs. Your major currency pairs trade in higher volumes compared to emerging market currencies, and higher trade volumes tend to lead to lower spreads under normal conditions.
The rally from the $6.4k has elevated the giddiness of bulls yet again. These bulls now send violent comments to any analyst who even utters a bearish projection. Many on youtube continue to call for $20k in 2020 or much, much higher. Step back and see. What is the most simplest view of what's going on? It's most likely yet another FOMO event. IF the bearish...
The Canadian Dollar weakened as USD/CAD, AUD/CAD and GBP/CAD rose on a dovish BoC. The British Pound gained as upbeat UK business confidence cooled Bank of England rate cut bets $USDCAD $AUDCAD $GBPCAD #BoC #BoE - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2020/01/23/USDCAD-GBPCAD-AUDCAD-Rates-Soar-BoC-BoE-Next-Rate-Move-Eyed.html?CHID=9&QPID=917702 https://t.co/fMrX86k65A
The general reasons for this "sterling crisis" are said to be the participation of Great Britain in the European currency system with fixed exchange rate corridors; recently passed parliamentary elections; a reduction in the British industrial output; the Bank of England efforts to hold the parity rate for the Deutschemark, as well as a dramatic outflow of investors. At the same time, due to a profitability slant, the German currency market became more attractive than the British one. All in all, the speculators were rushing to sell pounds for Deutschemarks and for US dollars. The consequences of this currency crisis were as follows: a sharp increase in the British interest rate from 10% to 15%, the British Government had to accept pound devaluation and to secede from the European Monetary System. As a result, the pound returned to a floating exchange rate.
Trading on the Forex is risky. Lack of experience could cause your entire account to be wiped out with a few bad trades. As such, brokers post disclosures that warn of the risks on their homepages. Additionally, most brokers provide tutorials to help you learn the basics of trading and how to execute orders in your account. Practice with a demo account for several weeks, or months, to learn how to make trades and test strategies without putting real money on the line.
Forex trading does involve risk as does any form of investment. There is a risk of sharp fluctuations in foreign exchange markets as you would get with stock, bond or commodity markets. The main difference though is the foreign exchange market is highly liquid in nature and this reduces the risk of being able to buy or sell where a trader cannot find another market participant to transact with.

Each party represents and warrants that it has the legal power and authority to enter into this Agreement. You represent and warrant that you have not falsely identified yourself nor provided any false information to gain access to the Service. If you are entering into this Agreement on behalf of a company or other legal entity, you represent that you have the authority to bind such entity to these terms and conditions, in which case the terms “you” or “your” shall refer to such entity. If you do not have such authority, you must immediately stop using the Service.


Forex.com has two main account types that seek to appeal to a range of traders – standard account and a commission account. With a standard account, you get to enjoy ultra-competitive spreads without any commission on forex trades. With the commission account, you get to enjoy the tightest spreads available which include USD/EUR of 0.2 and above and a commission of 5USD for every $100,000 on forex trades. A major drawback is that the commission account isn’t available on MT4. So, if you opt for this account, you will have to use it via the Forex.com platform. These accounts are independent of each other. Once you open a standard account, you can’t change it to commission account.

Retailers in Canada may refuse bank notes without breaking the law. According to legal guidelines, the method of payment has to be mutually agreed upon by the parties involved with the transactions. For example, stores may refuse $100 banknotes if they feel that would put them at risk of being counterfeit victims; however, official policy suggests that the retailers should evaluate the impact of that approach. In the case that no mutually acceptable form of payment can be found for the tender, the parties involved should seek legal advice.[22]


Real world trading looks very different to nicely drawn illustrations. Maybe if you offered trade examples from actual trading within a third-party verified account you could be taken seriously. The thing is this: my five year old niece does drawings similar to those in this article. But she’s no trader. I would’ve expected something different from a guy who calls himself a professional trader and who has ads in Forbes and Washington Post (that’s how I landed here).

In this case you are right and the spread for EUR/GBP falls to 0.8312-0.8313. You decide to buy back your €10,000 at the offer price of 0.8313, a cost of £8313. The cost of buying back the euros is £111 less than you originally sold the euros for, so this is your profit on the transaction. Again your profit is determined in the second currency of the forex pair.
Any forex transaction that settles for a date later than spot is considered a "forward." The price is calculated by adjusting the spot rate to account for the difference in interest rates between the two currencies. The amount of adjustment is called "forward points." The forward points reflect only the interest rate differential between two markets. They are not a forecast of how the spot market will trade at a date in the future.
An oscillation chart pattern is when a particular time frame cycles up and down between the same support and resistance levels. An oscillation can also be viewed as a series of trend reversals. This can occur on any time frame, but when this occurs on a higher time frame like the H4 time frame or larger, you can trade these patterns profitably. Alternating between buys and sells. trading oscillation chart patterns on the higher time frames give a trader additional pip potential when the market is not trending. So more pips are possible in a non-trending forex market. If a currency pair is not trending it is likely oscillating in some form or fashion, so look for this chart pattern on the higher time frames for more trade opportunities. See the example of a forex oscillation chart pattern below, we also have a complete lesson dedicated to range trading oscillating pairs in our forex lesson package for more details.
On 1 January 1981, as part of changes beginning during 1978, the People's Bank of China allowed certain domestic "enterprises" to participate in foreign exchange trading.[51][52] Sometime during 1981, the South Korean government ended Forex controls and allowed free trade to occur for the first time. During 1988, the country's government accepted the IMF quota for international trade.[53]
This could occur for several reasons including that your back-tested results were based on open-close only data points as opposed to real-time tick data.  If your back-testing module does not have real-time tick data, which includes every transaction captured by a data provider, then the results that you experience in real-time might be noticeably different from your paper trading results.
Plan your trades based on location. For instance, if you’re in South Africa, you would benefit from avoiding periods of lower liquidity because prices are commonly too volatile or not volatile enough, making any technical or fundamental analysis useless. Additionally, understanding weekend hours is important because starting at open on Monday, liquidity tends to be low, while it’s higher as currencies are impacted by weekend news.
Aside from the forex required to trade with, starting a forex trading business can be cost effective especially if you choose to run the business from your home, share office space with a friend or make use of virtual office. Securing a standard office is part of what will consume a large chunk of your start-up capital, but if you choose to start the business on a small scale, you may not have the need to go source for fund to finance the business.
We have debated adding a review section to each of our broker pages, but in researching other forex site a trend is clear: many bad experiences of trading with a particular company come down to naivety or inexperience with trading markets. It is easy for people who have been sold a 'make money online' dream to feel scammed if they very quickly lose their capital - but is this the fault of the trader, the broker or the website or mailing list who sold them on the dream to begin with?
The first target would be the 382 retracement of AD and the second target the 618 retracement of AD. A common stop level is behind a structure level beyond the D point. Conservative traders may look for additional confirmation before entering a trade, for instance an aligning RSI value or a specific candlestick pointing at a reversal. TradingView has a smart ABCD Pattern drawing tool that allows users to visually identify this pattern on a chart. There are several variations, based on CD being an extension of AB such as the 1.27 AB=CD or the 1.618 AB=CD pattern.
Liquidity follows gold trends, increasing when it’s moving sharply higher or lower and decreasing during relatively quiet periods. This oscillation impacts the futures markets to a greater degree than it does equity markets, due to much lower average participation rates. New products offered by Chicago’s CME Group in recent years haven’t improved this equation substantially.
The Sector Summary shows which sectors are hot over various time frames. Many day traders like to focus on buying strong stocks in strong sectors in a bull market (rising prices), and short selling weak stocks in weak sectors in a bear market (falling prices). This tool can help you easily find such stocks. Click on the sectors, and then the sub-sectors within to get a list of stocks ranked by performance. 
The concept of universal money that can be traded worldwide, which is surging in value and price every day is the most lucrative aspect for traders. At the very initial stages 1 bitcoin was traded at 0.003$, it was cheaper than 1 cent! The currency quickly surged in value to be worth many hundreds of US Dollars. As of today, 1 Bitcoin is equal to 9881 US Dollars.

Securities products and services offered by E*TRADE Securities LLC. Member FINRA/SIPC. Investment advisory services offered by E*TRADE Capital Management, LLC, a Registered Investment Adviser. Commodity futures and options on futures products and services offered by E*TRADE Futures LLC, Member NFA. Bank products and services offered by E*TRADE Bank and E*TRADE Savings Bank, both federal savings banks and Members FDIC. Stock plan administration solutions and services offered by E*TRADE Financial Corporate Services, Inc. All separate but affiliated subsidiaries of E*TRADE Financial Corporation.
Foundation. This refers to a keen understanding of the market you wish to day trade, as well as strategies to help you maximize profits. Such information is available from online stock trading, options trading, or futures trading courses, as well as from textbooks--often for little to no cost. Many day-trading schools even divulge their core strategies for free, as an enticement to take their paid classes.
XTB Group has more than 14 years’ experience and is now one of the largest FX & CFD brokers in the world with a market capitalisation of more than $250m. We have offices in over 11 countries including UK, Poland, Germany, Spain, France and Turkey. We are also regulated by the world’s largest supervision authorities including the FCA, KNF, BaFin and CMB.
There are actually three ways that institutions, corporations and individuals trade forex: the spot market, the forwards market, and the futures market. Forex trading in the spot market has always been the largest market because it is the "underlying" real asset that the forwards and futures markets are based on. In the past, the futures market was the most popular venue for traders because it was available to individual investors for a longer period of time. However, with the advent of electronic trading and numerous forex brokers, the spot market has witnessed a huge surge in activity and now surpasses the futures market as the preferred trading market for individual investors and speculators. When people refer to the forex market, they usually are referring to the spot market. The forwards and futures markets tend to be more popular with companies that need to hedge their foreign exchange risks out to a specific date in the future.
While all forex brokers offer stop/loss features when trading it is possible to exceed loss levels set due to slippage. Due to the high levels of risk this presents day traders may select a broker that offers guaranteed stop loss orders. This means they can’t lose more than a set amount for a trade. Another fail-safe brokers offer is negative balance protection. This is where broker automatically exit CFDs traders from the market when their deposit level reaches $0 balance. Even if slippage does occur, the broker pays the difference. Reading the risk warnings of brokers is important prior to trading currency.
As of May 2018, over 1,800 cryptocurrency specifications existed.[24] Within a cryptocurrency system, the safety, integrity and balance of ledgers is maintained by a community of mutually distrustful parties referred to as miners: who use their computers to help validate and timestamp transactions, adding them to the ledger in accordance with a particular timestamping scheme.[14]
Forex: If you are interested in forex trading, the SoftFX Forex Simulator allows you to practice on MetaTrader4, which is a platform that most forex brokers provide by default. Access up to 10 years of historical trading days for 33 currency pairs and a number of commodities and stock indexes. The simulator provides tick-by-tick price data so you see every price move you would have seen had you been watching the live market that day. Spreads change, just like in live markets, and indicators move just like they would in real-time.
Financial Products Traded: All forex brokers offer the major currencies to be traded but there are many currency pairings (exotics) that only a limited number offer. Many online brokers also offer trading of CFDs, indices, commodities and even cryptocurrency such as Bitcoin. Some even include share trading allowing traders to have an all-in-one trading solution rather than multiple brokers and platforms.

IQ Option may not be most well-known or the biggest platform, but it is growing very fast. The platform offers trading in all of the popular assets and up to 25 percent leverage. In addition, IQ Option provides a multi-chart layout, historical quotes, and technical analysis across multiple platforms, including desktop, mobile, and tablet. The brokerage also offers excellent support which includes volatility alerts, stock screeners, calendars, newsletters, and market updates.
If you are brand new to forex trading you can check out our forex beginners course. This education course is for persons who have never traded at all or who are unfamiliar with the forex market. Here we discuss and educate traders about forex basics like the forex market, trading systems, indicators, strategy discussions and setting up demo trading accounts. This beginners course will get a new trader educated and oriented to the basics of forex market. All beginner forex traders should also review our list of forex tips. 
Hi, The price has followed nicely my previous analysis and it has started to approach that prementioned trendline. Previously, the area was wider and I would like to make an update to tightening it a bit. Long story short, the strongest area should be $8,000 - $8,150 and it consists of: 1) AB=CD and the D point lands perfectly inside the marked area 2) Channel...
Wedge chart patterns are continuation patterns in the direction of the trend. In a falling wedge the pair is retracing against an uptrend on the smaller time frames until it reaches an apex, at the point of the apex it reverses back up into the overall trend. The ranges of the up and down cycles contract to form the wedge shape. Ascending and descending wedges can occur when a pair is trending, they do not occur frequently but then they do occur they are obvious and easy to identify.
MAM stands for Multi-Account Manager. Other brokers might also refer to this type of account as a PAMM (Percent Allocation Management Module).  It’s a technical software setup that allows for multiple client accounts to be automatically consolidated into a single, centralized terminal for the account manager to trade from. In our case, we use a single installation of the trading terminal program MetaTrader 4 (MT4) to trade each strategy. The MAM is set up on the broker’s server side, so allocation is instantaneous.

When buying, the spread always reflects the price for buying the first currency of the forex pair with the second. So an offer price of 1.3000 for EUR/USD means that it will cost you $1.30 to buy €1. You would buy if you think that the price of the euro against the dollar is going to rise, that is, if you think you will later be able to sell your €1 for more than $1.30.


Although markets in many foreign countries are closed when North American markets are open, trading on foreign currencies still takes place. While the majority of trading on a particular currency occurs when its main market is open, many other banks around the world hold foreign currencies enabling them to be traded at times when the main market is closed. For example, the North American markets are open when the Japanese markets are closed, but North American traders are still able to buy and sell Japanese yen through their brokerages and banks. However, the market for Japanese yen is more liquid at times when the Japanese market is open.
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Thinkorswim is a particular standout in options trading, with options-trading tabs (just click “spread” if you want a spread and “single order” if you want one leg), plus links that explain the strategies on the order page. Its Strategy Roller feature lets investors create custom covered calls and then roll those positions from expiration to expiration.

Wedge chart patterns are continuation patterns in the direction of the trend. In a falling wedge the pair is retracing against an uptrend on the smaller time frames until it reaches an apex, at the point of the apex it reverses back up into the overall trend. The ranges of the up and down cycles contract to form the wedge shape. Ascending and descending wedges can occur when a pair is trending, they do not occur frequently but then they do occur they are obvious and easy to identify.
These are indicators that help the trader to analyze charts and can be used by itself or as a helping tool in other strategies. Traders can make successful traders just by watching the price changes that are very obvious to them and drawing their horizontal levels. However, a better understanding of the horizontal levels in more complex charts helps them to spot trends that they would have otherwise missed.
Forexfraud.com: Do you want to get started trading and selling stocks but don’t want to sit down for hours reading and learning all the boring bits? With this site you can get started learning all the basic fundamentals in the simplest way to get you into the stock market quicker. This site gives you all the information about other Forex brokers and also gives you a list of ones to avoid. There is also a section where you can see the scams of which to avoid, making this a safe bet to start on!
Risk Warning: CFDs are leveraged products. Trading in CFDs related to foreign exchange, commodities, indices and other underlying variables, carries a high level of risk and can result in the loss of all of your investment. As such, CFDs may not be suitable for all investors. You should not invest money that you cannot afford to lose. Before deciding to trade, you should become aware of all the risks associated with CFD trading, and seek advice from an independent and suitably licensed financial advisor. Under no circumstances shall we have any liability to any person or entity for (a) any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to CFDs or (b) any direct, indirect, special, consequential or incidental damages whatsoever. Falcon FX is juristic representative of license number FSCA #44133. Trading with Falcon Forex by following and/or copying or replicating the trades of other traders involves a high level of risks, even when following and/or copying or replicating the top-performing traders. Such risks includes the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders and the overall risk associated in CFD trading or traders whose ultimate purpose or intention, or financial status may differ from yours. Past performance of Falcon Forex Community Member is not a reliable indicator of his future performance. Content on Falcon Forex’s social trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of Falcon Forex. 

Webtrader is the browser version of MetaTrader and has a more intuitive interface than the downloadable client. Beginners find that it is easier to navigate and make trades and, as you can export your trade history to Excel, you can survey past trades for mistakes or trends and track your improvement. This export and analyse process is perfect for new traders who want to learn as quickly as possible. WebTrader has an incredibly clear layout, making it easy to keep track of your trades.
As you may have guessed, Forex4Noobs is specifically targeted at helping the new members of the forex community to understand how price action works. You can start by signing up to the free weekly newsletter which provides price action analysis and trading tips.  The next step is to cover off the basics. There are over 15 topics covered under this section to make sure you know what you’re getting into.
Since 1995 we have been a full service precious metals firm specializing in gold and silver products ranging from bullion to rare gold coins. We strive to assist each client in meeting their goals when investing in precious metals. We have thrived during the ups and downs of the market while maintaining a very strong reputation. For this reason the Better Business Bureau has bestowed upon on us their highest rating, A+.
Past performance results are not necessarily indicative of future results. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. The performance results of the demonstration ("demo") account displayed on this website imitating real time transactions made by investors using the investment products in real accounts, do not guarantee that same results would have been achieved if you were to imitate the foregoing transactions in real time using a real account. In fact, there are frequently sharp differences between performance results using the demo account and performance results achieved by using any particular investment product and third party trading signals in real account, due to factors related to the involvement of your broker in the transaction and technical limitations and capabilities, which are not under the control of DupliTrade. Finally, there are numerous other factors related to the markets in general or to the implementation of any specific investment product and third party trading signal which cannot be fully accounted for by past performance results. Prospective clients should be particularly wary of placing undue reliance on past performance results and should not base their decision to use any investment product and/or any third party trading signal solely on the past performance presented. The investment products described herein have been developed for sophisticated traders who fully understand the nature and the scope of the risks that are associated with trading. Therefore, in making an investment decision, prospective clients must also rely on their own examination of the person or entity making the trading decisions and the terms of the advisory agreement including the merits and risks involved.
We’re proud to serve our community by offering you the best in financial education at our state-of-the-art center. Since 1997, Online Trading Academy has been committed to teaching the skills you need to make smarter investment decisions by using our Patented Supply and Demand Strategy. Trade with the confidence of the pros as you learn from experienced, professional traders who deliver personalized hands-on instruction.
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