Forex Trading Secrets
Forex Robot & Automated Forex Trading System Reviews
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Finexo Homepage
Overall Rating: Rating:
Open Account: Click Here
Min Deposit: $100
Tools: Free Software, Webtrader, Pivot Calculator, Mobile Trader, Meta Trader-4
Special Promotions: Yes, 10% bonus for first deposition.
Leverage: 1:5 to 1:400
Deposit Options: Many
Free Practice Account: Yes
Support: Excellent (Chat, phone, email)
Company Reputation: Very good.
Why We Recommend Finexo?
Finexo is operated by SafeCap Investments Limited, which is a Cyprus Based Investment Firm (CIF), It is licensed and regulated by the CySEC (Cyprus Securities and Exchange Commission) under license no.092/08. So it adhere to strict financial guidelines.
Various Options for Trading.
It has varied options to trade in forex including mobile trader. It has several apps to offer for mobile trading too. Another option is a popular trading software meta trader 4. You can also trade with web based trading platform.
Easy to Use Platform
Overall platform is easy to use. I contacted company several times and received reply of my each email promptly. I was happy with their answer. Support is pretty much good.
In-Depth Market Research – Added Advantage.
Another good thing about finexo is, it offers detailed market research and education. It is no brainier to trade forex blindly. You can find tools such as economic history, market reviews and information, which ultimately help you in taking trading decision effectively. In other word, you won’t need to move here and there for market update and news to open a trade.
Various Options for Deposit/Withdrawl.Various options offered for depositing money as well as withdrawal. I feel comfortable with this. Account was opened and activated within just few minutes.
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Overall Rating: Open Account: Click Here
Min Deposit: $50
Tools: Free Software, Webtrader
Special Promotions: Yes, bonus of up to $1000 for first deposition.
Leverage: 1:5 to 1:400
Deposit Options: Many, All major including paypal, moneybooker, neteller, credit cards and bank transfer
Free Practice Account: Yes
Support: Excellent (Chat, phone, email)
Company Reputation: Very good.
etoro is a Limassol (Cyprus) based forex trading company. It became very popular soon after it’s launch because of many features it offers. This is only platform available for any kind of forex trader, be it newbie or experienced forex trader. They provide quick and excellent support. I personally use eToro and recommend it to fellow forex traders because of quality of service they offer.
Both eToro software and web trading platform are userfriendly and easy to use compared to many other available in market. You can try a free practice account before you start trading. Unlike many other companies, you don’t even need to install software. You can also try web based trading platform. Downloading software is completely optional.
What i liked most in eToro is, you can start trading within couple of minutes and just depositing $50 only. That’s great idea to learn forex trading. Registration was very simple and i got my bonus within couple of mines. Some companies minimum deposit of $2500 to open and maintain account.
Personal Tip: If you’re planning to trade forex for long time, i’d advice to make first deposit bigger as eToro provides great bonuses on first deposits.
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Any search for information on forex trading will reveal a wide variety of offers from brokerage firms across the globe. The internet, and prevalence of computers mean that these offers are now available to more and more people across all walks of life. Truly, anyone now can trade in forex.When trading forex, a pip is the minimum fluctuation or smallest increment of price movement. Traditionally, prices in forex are quoted to 4 decimal places. The USD/EUR for example, could be quoted as 1.5108. In this instance, the “8″ shows the pip.
The spread is the difference between the buying and selling price. Therefore, a broker quoting a currency pair with a 5 pip spread could be trading simultaneously at 1.5108 (selling price) and 1.5103 (buying price). The smaller the spread therefore, the more money an investor can make.
In the example above, an investor could buy the USD/EUR at 1.5108, meaning an immediate 5 pip loss. The loss is because they can only sell it immediately for 1.5103. The price has to move by 5pips before the investor starts making money on this forex trade.
One of the benefits of increased competition in the forex markets, is smaller or tighter spreads, as brokerage houses fight to attract investors. This is good news for any forex investors. Those investors evaluating and considering offers from brokerage firms would therefore be advised to look into the typical spread on offer. An example is the Fractional Pip Pricing below.
In 2007, one of the largest forex dealing brokers, Forex Capital Markets LLC, announced that it would begin offering “Fractional Pip Pricing”. This was all in a bid to reduce the bid-ask spreads it was offering investors. For the first time, investors were being offered prices quoted to 5 decimal places. As the example above shows, a 0.5 pip spread is better than a 5 pip spread.
Their micro account targets traders who “prefer the the flexibility and convenience of trading in small (1K, 2K) lots, but are not willing to sacrifice tight spreads or quality execution.” This is the exact market that a lot of retail and investors still learning the forex market will fall into. FXCM will let investors open a forex trading account with as little as $25.
Typically, trades in the forex markets are in very large lots, at hundreds of thousands per trade. This is usually unaffordable to most retail investors, who are forced to leverage their capital to have access to these trades. Offering the microlot sizes that are not offered by the large banks brings forex trading within the reach of more people. Cleverly using technology means that they can do this efficiently, without unduly increasing the spreads for investors.
FXCM seems to have chosen to go the low cost route in delivering their forex brokerage accounts. Instead of telephone and instant messenger support services, the firm has extensive self help sections on their website. They also provide personalised responses to more complicated queries, but only via email. More help is available on the forums available on the same website.
As you can see, irrespective of how deep your pockets are, offers exist for anyone wanting to trade on the forex markets.