THE CURRENCY TRADER’S BLOG

 

 

Forex Video analysis for Tuesday 18th July 2017

Morning Traders,

Below are a couple of videos Nikki has done for You.

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Understanding Investment strategies: Technical & Fundamental Analysis

The two principal strategies in investing in Forex are Technical Analysis or Fundamental Analysis. Most small and medium level investors in financial markets utilized Technical Analysis. This procedure comes from the suspicion that all information about the market and a specific currency’s future fluctuations is found in the value chain. Traders should learn Forex trading strategies and analysis before the start trading in that. They can get to learn Forex trading online, by attending seminars and also by joining Forex courses. They can get all the Forex education online.

These are: that the development of the market considers all the elements that the movement of prices is intentional and straightforwardly tied to these events, and that history repeats itself. Any trader utilizing technical analysis looks at the highest and lowest prices of a currency, the prices of opening and closing and the volume of transactions. This speculator does not attempt to outflank the market, or even anticipate major long haul patterns, however essentially takes a gander at what has happened to that coin in the later past, and predicts that the little vacillations will for the most part proceed similarly as they have some time recently. Novice traders can understand Forex education online and also by getting advice from expert traders.

A Fundamental Analysis is one which breaks down the present circumstances in the nation of the coin, including such things as its economy, its political circumstance, and other related bits of gossip. By the numbers, a nation’s economy relies on upon various quantifiable estimations, for example, its national bank’s loan cost, the national unemployment level, charge strategy and the rate of swelling. A financial specialist can likewise suspect that less quantifiable events, for example, political distress or move will likewise affect the market. Before constructing all forecasts with respect to the variables alone, nonetheless, recall that financial specialists should likewise remember the desires and reckonings of market members. If you are also looking to learn Forex trading online, then serene education can help you all well as help you in getting practical knowledge as well.




How important are Forex Brokers in Forex trading ?

Who exactly is a broker? A broker is a person or a company that purchases and sells orders according the investor’s decisions in the market. Brokers earn money by charging a commission or a fee for their services to the customers. These brokers are also called Forex Mentor who helps and suggests investor as to which trade they should put in the market according to the market situations. Traders should make sure that they go to safe and qualified broker. They can get to know the criteria of a good broker by attending Forex seminars takes place in UK, US and other parts of the world.

Some of the important criteria to select the Forex Mentor are:
• A FOREX broker needs to be connected with a big financial institution such as a bank in order to provide the funds necessary for margin trading.

• Consult friends and associates to know who they are dealing with and find if they have any complaints or difficulties in dealing with a particular broker.

• Traders can select few online brokers and contact their Internet help desks to see how fast they react to enquiries and regardless of whether they answer questions to your satisfaction.

• Customer satisfaction and safety are important also. You want to find a dealer who executes trades quickly and with minimum slippage. All online brokers should offer automatic execution and have clear policies regarding slippage.

• Traders should know the fees involved in the trades. What is the spread? Is spread fixed or variable according to the account type? Are mini accounts subject to extensive spreads? Are there some other charges?

• Margin accounts are the soul of FOREX trading, traders should make sure they understand the broker’s margin terms before setting up an account.

• Trading software is very essential for the online FOREX trader. Before selecting the broker make sure that they have demo account. Above all, traders look for reliability and the ability to perform well in volatile markets.
Some more information which traders should look for in brokers is their policy regarding minimum account balances, payment of interest on account balances, which currency pairs can be traded and whether a non-standard sized lots can be traded or not.




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