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Forex Trading

Online Forex Trading Australia

Online Forex Trading in Australia explained by professional FX trading experts, In this article you will read all about Online Forex Trading Australia like how to open online trading account with the best online brokers in Australia.

Online Forex Trading Australia

Forex is an investment opportunity whereby you can make money online by trading one or more foreign currencies for another at an agreed exchange price in the online over-the-counter (OTC) Forex trading market (Fx trading).

The Fx trading market is like any other market where goods are traded except that Fx involves only trading foreign currencies. Foreign currency exchange is the most traded market in the world even more than stock markets, The Forex market is turning over an average of $5.3 trillion each and every day.

The FX trading market involves free-floating currencies (or those not supported by any specific material like silver or gold), which are treated like goods in the Fx trading market. You can buy Euro dollars by paying Australian dollars or you can buy the Japanese Yen by paying U.S. dollars, etc.

Profits and losses in the online Forex market are based on fluctuations in the values of different currencies, with the two most widely traded currencies being the U.S. dollar and the Euro (kings of currencies). The Japanese Yen, Canadian Dollar, Australian Dollar and New Zealand Dollar are also popular for currency exchanges.

How To Open Online Forex Trading In Australia?

To start Forex Trading you need to sign up with an online Forex broker in Australia, Then fund your online trading account and trade currenies online.

Online Forex Trading Australian Brokers Regulated by ASIC

Pepperstone

Pepperstone broker is founded in Australia, Melbourne, Pepperstone is the best ASIC regulated broker in Australia.

Vantage FX

Vantage FX is a creative Australian monetary administrations supplier that endeavors to offer the best in online Forex and Stock Trading Vantage FX is controlled by the Australian Securities and Investments Commission (ASIC).

IC Markets

IC Markets is an Australian-based online ECN forex broker firm. IC Markets specializes in the forex, CFD and equity markets in Asia and Europe.

Interactive Brokers

Interactive Brokers Group Inc is a true online ECN brokerage, You can trade bonds, stocks, Forex, options and futures in bulk orders with this Australian broker.

CMC Markets

CMC Markets Australia is a financial derivatives dealer. The company offers online trading in Stock trading, contracts for difference and foreign exchange across world markets.

EasyMarkets

The easyMarkets broker is the result of the re-branding of “easy forex”, The broker is regulated in Australia by the Australian Securities and Investments Commission (ASIC).   

What Is ASIC Role In Online Forex Trading Australia?

The Australian Securities and Investments Commission (ASIC) is an independent Australian government body that acts as Australia’s corporate regulator. ASIC’s role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors.

Online Forex Trading Australia Conclusion

If you like this article about Online Forex Trading Australia conducted by ForexSQ stock trading experts then share it please, Please note investing in the stock market contains risk of losing your capital so invest the amount you can afford to lose it.

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Forex Trading

Currency Trading Platforms

Currency Trading Platforms reviews by professional forex trading experts, In this article you will know how to open FX trading account with thebest Currency Trading Platforms For beginners.

Best Currency Trading Platforms For Beginners

Below is list of the best Currency Trading Platforms for beginners in the world that provide free demo trading account.

Best Currency Trading Platforms In U.S.

TD Ameritrade

TD Ameritrade is an American online broker based in Omaha, Nebraska. The TD stands for Toronto-Dominion. TD Ameritrade Holding Corporation is the owner of TD Ameritrade Inc.

Fidelity

FMR LLC or Fidelity Investments is an American multinational financial services corporation. It is the fourth largest mutual fund and financial services group in the world. Founded in 1946, the company has since served North American investors.

eTrade

ETrade Financial Corporation is a financial services company headquartered in New York City, United States. It is an online discount stock brokerage firm for self-directed investors.

Merrill Edge

The Merrill Edge is an online discount brokerage service provided by Bank of America Merrill Lynch. Launched on June 21, 2010, Merrill Lynch is a part of Bank of America’s retail banking division.

Charles Schwab

The Charles Schwab is one of the leading providers of U.S. investment services including online investing, shares trading and research capabilities.

Interactive Brokers

Interactive Brokers Group Inc is a true online ECN brokerage, You can trade bonds, stocks, Forex, options and futures in bulk orders with this broker. The broker headquarter is at Greenwich, Connecticut of United States.

OptionsHouse

OptionsHouse’s platform is top notch and commission rates are extremely competitive.OptionsHouse was best known for its highly competitive commission rates.

TradeKing

TradeKing is a discount online brokerage firm, providing online trading tools for self-directed investors to buy and sell stocks, options, bonds and mutual funds via electronic trading platforms or by phone.

Scottrade

Scottrade is a privately owned American financial firm headquartered in Town and Country, Missouri. Its founder, former President and the current CEO is Rodger O. Riney. Scottrade has 503 branch offices around the U.S.

Capital One Investing

Capital One Investing previously known as Capital One ShareBuilder is a brokerage firm with its headquarters in Seattle, Washington. You can buy stocks, options, mutual funds, Bonds and ETFs as partial shares via the ShareBuilder Investment Plan and PortfolioBuilder.

Forex.com

The Forex.com broker Owned by parent company GAIN Capital . Operating since 1999, FOREX.com was a first mover in bringing currency markets to the retail trader.

FXCM

Forex Capital Markets, better known as FXCM, is an online stock broker based in the United States. Outside the US, FXCM also provides trading in contract for difference (CFDs) on major indices and commodities such as gold and crude oil.

Oanda

OANDA broker is a Canadian-based company, In 1996, OANDA Corporation, the US subsidiary, was incorporated in the state of Delaware.

Best Currency Trading Platforms In UK, Europe, South Africa, Asia

Fxpro

Fxpro Forex Broker Founded in 2006, London-based FXPro is an online broker offering Stocks and Forex trading along with CFD’s. The MT4, MetaTrader5 and cTrader online trading platforms are available.

Plus500

Plus500 is a company providing online trading services to retail customers. Plus500 broker provides Stocks and binary options trading to all traders around the world except U.S citizens, The company was founded in 2008 and provides trading in CFDs on a range of financial markets.

IG Group

IG Group is a UK-based company providing trading in financial derivatives such as Stocks, binary options, contracts for difference and financial spread betting and, as of 2014, stockbroking to retail traders. While the majority of the IG Group’s activities are based in the UK, the company has expanded internationally. IG Markets is the oldest broker in the best stock trading brokers list.

CMC Markets

CMC Markets is a UK-based financial derivatives dealer. The company offers online trading in spread betting, contracts for difference and foreign exchange across world markets.

24Option

24option is one of the world’s leading binary options trading platforms. Trade binary options on 60-second options of commodities, indices ,stocks and Forex.

HYCM

HYCM previously known as HY Markets broker is headquartered in London and is authorized and regulated by the Financial Conduct Authority of the United Kingdom.

eToro

eToro is a social trading and multi asset brokerage company that has registered offices in Cyprus, Israel and the United Kingdom.

ETX Capital

ETX Capital broker provides Forex, Spread betting and CFD trading options for all types of investors – from tools and education to trading.

Markets.com

Markets.com broker offers seamless trading of over 300 trading assets. Trade stock, indices, currency, Binary options and CFDs with zero commission or fees on our top notch trading platforms, mobile or web.

AvaTrade

AvaTrade was founded in 2006 in Dublin, Ireland and is licensed and fully regulated in the EU and BVI, as well as Australia, Japan and South Africa.

XM.com

The XM.com CFD broker was established in 2009 in the Republic of Cyprus using the name Trading Point of Financial Instruments Ltd. The broker is regulated by CySEC as well as the UK’s Financial Services Authority (FSA).

Alpari

Alpari Ltd was created in Russia in 1998 but moved its headquarters to the UK where it is registered and strictly regulated by the Financial Securities Authority (FSA), Alpari UK has merged with Alpari Global and Alpari US is registered with and overseen by a number of regulatory agencies.

FXTM

FXTM is an acronym for ForexTime.com, The FXTM forex broker is owned and operated by its holding company FT Global Services Ltd and is based in Cyprus, Belize and Europe’s trading capital of London, UK.  

EasyMarkets

The easyMarkets broker is the result of the re-branding of “easy forex“, the name under which this broker was established in 2003. The easyMarkets firm is headquartered in Limassol Cyprus and maintains satellite offices in London UK, Sydney Australia and Warsaw Poland.

London Capital Group

London Capital Group Ltd was founded in 1996 in the United Kingdom and regulated by the Financial Conduct Authority (FCA) of the UK. LCG trading began offering capital spreads in 2003 and is one of the leading financial services firms in the UK offering a wide range of investment assets that include Contracts for Difference (CFDs), stocks, indices, major currency pairs, binary options, soft commodities, oil and precious metals.

Fxstay

Fxstay broker team provide professional Forex managed accounts service to their clients. Fxstay team provide VIP managed accounts use dedicate teams which include international traders to Managed investors account with low risk. Fxstay is one of the best stock broker in the world specialized only in managed accounts service.

Best Currency Trading Platforms In Switzerland

Dukascopy BankDukascopy Bank SA is known for its transparency in its Swiss SWFX market place. In June 2011, the product is officially referenced on Dukascopy Bank‘s official web site.

Swissquote Bank

Swissquote Group Holding SA is a Swiss banking group specializing in the provision of online financial and trading services.

Best Currency Trading Platforms In Australia

Pepperstone broker is founded in Australia, Melbourne and has offices in USA, Dallas and China, Shanghai.

Best Currency Trading Platforms Companies In Denmark

Saxo Bank is a Danish investment bank. It was founded as a brokerage firm in 1992. SaxoBank is one of the best online stock broker in the world.

Other Currency Trading Platforms For Beginners

The brokers list below is without Any Rating and its just for your information to know more about other brokers, If you want to open demo or live online trading account then use brokers at top of this page, this list will update. 24option HotForexInstaForexGCI TradingFxopenTrade360Interactive BrokersTradeoIQ optionZ.comTradeKingOptionsHouseCapital One InvestingTD AmeritradeeTrade Charles SchwabFidelity – Merrill EdgeExness

Currency Trading Platforms For Beginners Conclusion

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Forex Trading

Forex Trading Sessions

Forex Trading Sessions times explained by professional forex trading experts, In this article you will read about the best Forex Trading Sessions central time.

Forex Trading Sessions Times

Forex market is a 24 hours trading market. This market opens on Sunday 7 PM EST and remains open till 5 PM EST and in this time the market does not close for a second. This market can be accessed by anyone at any time in this time period. Forex market does not restrict the traders to any certain time. It means the traders and investors can trade anytime in these 24 hours. They can wake up at night and start trading when other members of their family are slept. The traders and investors can set their Forex trading schedule at any time in these five days.

Why Forex Trading Sessions is 24/5

Now the questions might be arising in your mind that why this market is opened every time from Sunday opening time to Friday closing time. The answer is very simple. This market is opened every time because it is a global market and the traders and investors from all countries can participate in currency trading. Time Zones of different countries are different. The time that is your work time may be the sleep time for the traders from other countries. Different countries in different time zones have different opening and closing time of the market. Thus, when all the opening and closing time are joined the result is a 24 hour trading market.

Major Forex Trading Sessions Times

There are four more important time sessions in the Forex market. These are US Session, Forex Market Hours GMT time or London Session, Tokyo Session and the Singapore Session. It happens many times that when one session is open, another session also begins and this cause interaction of hours. The interaction of market hours of different time sessions is called Overlapping Market Hours. Volume of orders increases during Overlapping Market Hours and so the volatility also increases. The increase of volatility attracts many traders and investors because they see these hours as their profit earning opportunity. The chart below will show the Forex trading hours of different countries.

Forex Market Hours

Best Forex Trading Session To Trade FX Currencies

Market Overlapping Hours are the best time to trade Forex because volume is very high in these hours and the traders trading in these hours have fewer chances to go in loss. There are two major market Overlapping. First Overlapping is between the Asia and the Europe and the second Overlapping is between the Europe and the North America. Out of these two Market Overlapping Hours, the most interesting market movement is between the Europe and the North America. The traders should concentrate more in trading in the Overlapping Hours because the profit earning opportunities are more in these hours. Volatility outside this hot zone occurs because of some major Forex Trading Sessions and FX news or events but price movement is difficult to predict and also cannot be trusted.

Forex Trading Sessions Times Conclusion

Now you know about “Forex Trading Sessions” so tip foreign exchange trading experts please if you like this article about Forex Trading Sessions Times.

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Forex Trading

Forex Market Hours GMT

Forex Market Hours GMT time explained by professional forex trading experts, In this article you will read about what is Forex Market Hours GMT time.

Forex Market Hours GMT

Forex market is a 24 hours trading market. This market opens on Sunday 7 PM EST and remains open till 5 PM EST and in this time the market does not close for a second. This market can be accessed by anyone at any time in this time period. Forex market does not restrict the traders to any certain time. It means the traders and investors can trade anytime in these 24 hours. They can wake up at night and start trading when other members of their family are slept. The traders and investors can set their Forex trading schedule at any time in these five days.

Why Forex market hours is 24/5

Now the questions might be arising in your mind that why this market is opened every time from Sunday opening time to Friday closing time. The answer is very simple. This market is opened every time because it is a global market and the traders and investors from all countries can participate in currency trading. Time Zones of different countries are different. The time that is your work time may be the sleep time for the traders from other countries. Different countries in different time zones have different opening and closing time of the market. Thus, when all the opening and closing time are joined the result is a 24 hour trading market.

Forex Markets Hours GMT Is A Major Time

There are four more important time sessions in the Forex market. These are US Session, London Session, Tokyo Session and the Singapore Session. It happens many times that when one session is open, another session also begins and this cause interaction of hours. The interaction of market hours of different time sessions is called Overlapping Market Hours. Volume of orders increases during Overlapping Market Hours and so the volatility also increases. The increase of volatility attracts many traders and investors because they see these hours as their profit earning opportunity. The chart below will show the Forex trading hours of different countries.

Forex Market Hours

Forex Market Hours GMT Is The Best Time To Trade

Market Overlapping Hours are the best time to trade Forex because volume is very high in these hours and the traders trading in these hours have fewer chances to go in loss. There are two major market Overlapping. First Overlapping is between the Asia and the Europe and the second Overlapping is between the Europe and the North America. Out of these two Market Overlapping Hours, the most interesting market movement is between the Europe and the North America. The traders should concentrate more in trading in the Overlapping Hours because the profit earning opportunities are more in these hours. Volatility outside this hot zone occurs because of some major Forex Trading Sessions and FX news or events but price movement is difficult to predict and also cannot be trusted.

Forex Market Hours GMT Time Conclusion

Now you know about “Forex Market Hours GMT” so tip foreign exchange trading experts please if you like this article about Forex Market Hours GMT Time.

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Forex Trading

Social Trading Platforms

Social Trading Platforms review by forex trading experts, In this article you will read about what is social trading binary options and the best Social Trading Platforms in the world.

Social Trading Platforms Review

Computers and the Internet completely changed the way people live, work and play. This is also true of the financial investment industry which has been transformed into an online endeavor in which millions of people all over the world participate daily. 

Before the Internet, anybody interested in trading assets in financial markets had to rely on a stockbroker whose physical presence on the trading floor was essential to conducting successful trades on behalf of clients.  Today’s traders and brokers can manage every aspect of their trading portfolios using the computer and worldwide web. 

This improved access to trading markets makes it easier for every level of trader to engage in financial investment trading in a variety of global marketplaces. Every aspect of investment activity can be accomplished on the computer, from researching brokers, assets and markets to opening demo or real trading accounts that provide access to live trading in various global investment markets. 

Traders have traditionally had to rely on the wisdom and expertise of the particular broker with whom they maintain trading accounts to research, formulate, place and track investment activities.  The advent of the computer enabled traders to perform many of these tasks on their own, but they still must rely on a duly licensed stockbroker’s trading platform to access active trading in financial marketplaces around the world. 

Even though computers and the Internet introduced financial marketplaces to millions of people, many do not feel qualified to make choices as to which assets or what marketplaces owhich to focus their investment activities.  To accommodate those traders, brokerages offer managed trading accounts that are completely overseen by a professional investment broker, which may or may not result in successful trades, but contribute very little (or nothing) to building the trader’s personal knowledge of various financial assets and the markets in which they are traded. 

As computers and the Internet gained momentum in transforming the way we do everything, social media sites began to emerge that connected people all over the world with shared interests or professional expertise, as well as connecting family and friends in ways that were previously impossible.

What is Social Trading? 

The popularity of social media sites crossed over into the world of financial investments with the introduction of “social trading” that allows individual investors to share among themselves knowledge and trading expertise, much like Facebook and Twitter allow people with shared interests to connect and share information. 

Before social trading existed, investors had to depend on market or technical expert analyses to reach conclusions about various assets and the markets in which they are traded and formulate trades based solely on their own conclusions regarding that information.  Social trading links individual traders from all over the world whose combined trading enhances and empowers the trading activities of other investors who are part of the social network.  By tapping into the wisdom of multiple traders, an investor can take investment trading activities to a whole new level and successful traders can rise to the level of “gurus” or experts in the fields in which they trade.   

Social trading allows investors to rely on information gleaned from various trading data feeds and other investors, which enables them to analyze financial investment data, compare and copy trading strategies and techniques without having to rely on the trader’s own limited investment knowledge about assets or the global marketplaces in which they are traded by millions of people every day.    

How Does Social Trading Work? 

The advantages of social trading are many and include the ability for traders to interact with each other, share research data and trading strategies to formulate successful financial investments.  

When an investor becomes part of a social trading network, it enables that investor to utilize detailed statistics and historical data from the trading activities of more seasoned or successful traders in multiple markets.  Social trading enables investors to intentionally copy the trading activities of one or more selected successful traders, which can be accomplished automatically, implicitly or manually.  Implicit copying of trading activities are unintentional influences made by the trading activities of other investors.  Automatic and manual copying are self-explanatory options available to traders and differ between social trading brokers

The learning curve for investment activities has been greatly reduced with the influx of multiple social trading sites that enable investors to learn from the trading activities of other investors, while building their ongoing personal knowledge of financial assets and the markets in which they are traded.

Forex Social Trading Platform

Trading foreign currencies (forex) has become a very popular means of financial investment even though most people don’t know a lot about foreign currencies or the fluctuations in values that occur which are the basis of forex trading. 

For new investors, forex social trading enables successful trades by allowing real-time sharing of information that has enabled very successful fellow traders to emerge as experts in the forex social trading arena.  By following the forex trading activities of those successful investors, newbies can build knowledge of forex trading while benefiting from the successful trading activities of more experienced traders. 

A forex social trader (newbie or experienced) could ignore all other asset and market indicators and rely solely on the financial decisions made by and based upon the opinions and trading strategies of other traders who have emerged as successful forex investors within the social trading network.  

Social Trading Binary Options 

Binary options are all or nothing investments that can be made in a wide variety of financial assets.  Investors who trade binary options agree to a payoff that is either a predetermined fixed amount of money or nothing at all.   

Binary options are extremely risky investment propositions that are varied and complex which were previously appropriate for only experienced investors.  With social trading binary options investors can access a plethora of knowledge and trading expertise of individuals who have many years’ experience trading binary options on a variety of assets in multiple global marketplaces. 

Social trading binary options is beneficial to both novice and seasoned investors who may lack knowledge of investments involving binary options.  Social trading allows traders to engage in trading binary options without any knowledge of that type of investment and based solely on the decisions of other successful traders within the social network.

Trading Social Networks 

As you may have guessed, there are hundreds of social trading sites from which an investor can choose to engage in social trading of a variety of financial assets. Selecting a social trading network is the hardest decision involved in social trading because of the plethora of social trading brokers currently available and the similarities of the services they provide. 

Investors should research various social trading sites and select one that allows traders to interact with each other, as well as monitor the trades of others from start to finish to help investors decide which are successful trading strategies worthy of copying.    

Potential social traders can peruse multiple social trading reviews on the Internet that include reviews of the most popular social trading brokers and their interactive social trading platforms. 

Social Trading Brokers  

As previously mentioned, there are too many social trading brokers to list and more information can be found about each one in social trading broker reviews on the Internet.  Some of the most popular brokers are eToro social trading, Tradeo social trading, Ayondo social trading, FXTM, ZuluTrade, Interactive brokers and a variety that provide social trading in the UK.    

Investors should choose the social trading broker that allows them to not only interact with other traders, but also follow to fruition the trades of other people to determine if their trading strategies and techniques are worth copying.  In order to make that determination, social traders must also be able to access data related to social trading profits (and losses) from trade activities of individual members of the social trading network. 

Additionally, the best social trading platforms allow investors to follow and copy traders from around the world and offer trading of a wide range of financial assets.  Investors should seek the social trading platform that has the most active traders and largest network of social trading activities in the particular asset in which one may want to invest.  In other words, if you want to invest in forex social trading, for example, choose a broker that has a lot of clients actively trading in forex markets.  If you want to invest in social trading binary options, choose a broker with the most investors actively conducting trades of those types of assets.  

Efficient trading copy tools provided by social trading brokers allow traders to make multiple investments at any given time and traders should look for social trading brokers that allow the synchronization of order executions between multiple social trading accounts to enhance the possibility of successful trades and increased broker rankings. 

Different social trading brokers offer different platforms and assets to trade and potential social traders should conduct as much research as possible on the broker they choose using the internet, as well as invaluable opinions and trading successes of other investors in the social trading network.

Social Trading Platforms Review Conclusion

The professional investors and financial advisors at ForexSQ invite you to share this Social Trading Review with family and friends who may share an interest in financial investments and the markets in which they are traded.   

Visit www.ForexSQ.com often for the most up-to-date news and information in international world of financial investments. 

Please note Social Trading Platforms and other online trading markets are risky so invest the amount you can afford to lose it.

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Forex Trading

Best Time To Trade Forex

Best Time To Trade Forex explained by FX trading experts, In this article you will know all about the Best Time To Trade Forex Currencies.

Best Time To Trade Forex

So you are looking for the best Forex trading hours, On the Forex (Foreign Exchange) the best time to trade Forex is at what time the market is most active. While more dealers are active, trading spreads, the difference between the ask price and the bid price — tend to contracted.  The outcome is that less of your money goes to the market maker — the expert who trades the currency in question and more to the seller and buyer.

The 4 Main Forex Exchanges

For traders Active trading marketplaces are nearly always well, whether you are trading on the NYSE, Forex or any other financial trading marketplace.

However, for Forex dealers, there’s another good cause for trading while the market is most active: volatility. Because of the nature of the Foreign Exchange’s four main exchanges – London, New York, Tokyo and Singapore — while more than one exchange is open, not only does trading volume rise, but volatility considerably increases as well. Though, depositors often fear unstable markets, volatility the range and rate at which a currency or equity price changes is good for dealers. Devoid of volatility, values remain constant and trading cannot be lucrative. Thru volatility arises risk, but also opportunity.

International Forex Markets Hours

The Forex has 15 independent exchanges internationally. All are open weekly 5 days, from Monday to Friday. All exchange has exclusive trading hours, but from a trading viewpoint, the four most significant exchanges and their hours are the subsequent:

  • New York: 8 AM to 5 PM
  • London: 3 AM to 12 PM (noon)
  • Tokyo: 7 PM to 4 AM
  • Singapore: 3 PM to 12 AM (midnight)

Forex Trading Hour Overlaps

Forex Market Hours

Whereas each exchange is self-regulating of the other, they are all trading the similar currencies. This means that while two of these four big exchanges are open, the number of dealers actively selling and buying currencies increases considerably.

Asks and Bids on one Forex exchange are instantly reflected in the asks and bids on any other open exchange, which both decreases market spreads and rises volatility.

While you study the Forex Trading Sessions listed above, it comes to be clear that Forex trading hours on main exchanges happen in 2 markets instantaneously from:

  • 3 PM to 5 PM, when both Singapore and New York exchanges are open
  • 8 AM to 12 PM (noon) EST, when both London and New York exchanges are open
  • 3 AM to 4 AM EST, when both London and Tokyo exchanges are open
  • 7 PM to 12 AM (midnight) EST, when both Sydney and Tokyo exchanges are open

What Is The Best Forex Trading Hours?

These 4 overlaps are generally the 3 best times to trade. Of these, the utmost positive trading time is the Forex Market Hours GMT time that stars from 8 AM to noon overlap while both London and New York exchanges are open. These 2 trading centers account for in excess of 50 % of all trades on all 15 exchanges internationally.

Exceptional situations can arise, though, that can create any hour of the day or night a positive trading time. Usually, e.g., from 5 PM to 6 PM EST is not a favourable time to trade; the only main open exchange is the Singapore exchange, which accounts for below 10 % of annual Forex trading volume.

If, though, there was a military or political crisis anywhere in the globe that established during this hour, trading volume and volatility would probably spike in response, creating this a very positive time to trade.

Best Time To Trade Forex Conclusion

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Forex Trading

How To Trade Forex For Beginners

How to trade Forex for beginners explained by professional FX trading team, In this article you will read about How To Trade Forex For Dummies.

How To Trade Forex For Beginners?

To trading Forex you need an online trading platform and to download free online trading platform you need to sign up with Forex Brokers. Then FX brokers provide you different trading platforms to start trading currencies on demo or real foreign exchange account but if you want to trade Forex as a beginner then you can download forex trading platforms free and trading Forex in a demo account and meanwhile you learn Forex trading until you know how to trade currency profitably and make money online.

How To Trade Forex With $100

if you want to know how to trade Forex with $100 i must tell you some of Forex brokers allow you to start trading currencies in real account with $100 or lower but you must use high leverage that is a little dangerous for beginner FX traders and you must be a professional Forex trader to use high leverage but if you still want to start trading Forex with $100 you can check out Forex Brokers List and check the minimum open account for each broker then open your trading account with those allow you to trade Forex with $100.

How To Trade Forex Successfully

if you want to trade Forex successfully the first step is you must learn Forex and be well educated, my suggestion is to study currency trading for at least 1 year and practice in demo account to know how you trade currency successfully then start trading currencies in real account.

Buy or Sell Currencies

More than 60% of trading in the Forex market is done in the currency pairs. Currencies are always bought and sold in pairs in the Forex market. In the currency pair, one currency is the base currency and the other is quote currency. A currency whose value is calculated in relation to the other is called the base currency and the other one is called the quote currency. The currency pair is represented in the currency quotation, for example, USD/CAD is the currency quotation in which USD is the base currency and CAD is the quote currency. The four major currency pairs are EUR/USD, USD/JPY, GBP/USD and USD/CHF.

How To Trade FX For Beginners

If you want to trade currencies online here is some basic words in Forex trading that you must learn:

Long Buy: Long Buy is a position in the Forex market which is created when base currency is bought and quote currency is sold.

Short Buy: Short Buy is just the opposite position of Long Buy.

Pip: Pip is an abbreviated form of Price Interest Points. It indicates the profit of the Forex traders.

Bid: Bid price is what is decided by the trader or investor to buy the base currency.

Ask: Ask price is what is decided by the trader or investor to sell the base currency.

Spread: Spread is the difference between the Ask price and the Bid price.

Leverage: Leverage is the amount of purchase that you can do with your own money in the Forex market. For example, if you are offered the leverage of 100:1 then you can open a position of $10,000 with only $100 in your account. Greater the leverage, greater is the buying power of the trader or investor. Some brokers also offer a leverage of 400:1.

Stop Loss: Stop loss is the rate of the base currency of an opened position set by the trader or investor. If the rate of the base currency falls as low as the value of stop loss then the opened position of the trader or investor will automatically be cut off. This mechanism is named as stop loss to limit the loss resulting from the falling trend of the Forex market.

How To Trade Forex For Beginners?

If you are a beginner in the online foreign exchange market then the first important step is alyways note the FX market is risky so invest the amount you can afford to lose it, And trade forex with a demo account for long term until you build a good trading strategy.

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Forex Trading

Forex Economic Calendar

Forex calendar explained to know how a fast Forex calendar will helps a lot to make more money or avoid loss because if you know the result of the important Forex news by a fast Forex calendar then you will buy or sell currencies according the result of the news and it will decrease or increase your profit. ForexSQ forex blog team will introduce you different types of Forex Economic Calendar.

What Is A Forex Calendar?

For all traders decision making is all important. Setting up an investment goal and selecting a specific monetary instrument to trade on can only get the estimated return on investment if you know what influence the market and when it is the best time to enter or exit your trades.

The ForexSQ economic calendar offers useful information on forthcoming macroeconomic events by means of pre-scheduled news announcements and government reports on economic indicators that affect the financial markets. Forex calendar will facilitate you in monitor a variety of major economic events that continuously influence the market as well as make the right investment decisions. Because market responses to global economic events are very fast, you will find it beneficial to recognise the period of such upcoming events and adapt your online trading plans accordingly.

In both bullish and bearish markets there are the best opportunities – as long as you know which one is possible to set in and what changes it will bring along. In this the ForexSQ Forex economic Forex calendar will definitely help you.

If you regular use the ForexSQ Forex calendar, you can follow the release schedule of many economic indicators and get ready for major market movements. Economic indicators will help you reflect trades in the context of economic events and recognise price actions during these events. By following indicators for GDP, for example, or inflation and employment strength, you can expect market volatility and gain possible trading chances in good time.

The whole thing is automatically updated during live announcements as soon as the event data is released to offer you with vital info that could influence your trading. Previous economic events and their effect on the market can also be observed with the Forex economic calendar.

Easy to Use

Choose any day of the economic Forex calendar and you will see a collapse of all the scheduled economic events because of take place that day. Click on an individual event to be presented with additional information and links to more in-depth data about it. This information is going to help you in making an informed trading decision. The time left until each upcoming event is shown, as well as a impulse demonstrating whether it has already taken place.

ForexSQ Forex calendar can be modified so events that will impact your trading are only showed. The time zone is simply changed and the filter options mean that only events from specific countries, assured categories and volatility levels will show up. To stay totally up to the date with Forex trading news, download our economic calendar app for Apple and Android devices ensures you have access to such information on the go.

ForexSQ offers Smart Service providing professional support on each subjects customers need assistance with: money, practical support, trading conditions, and more.

  • Support All Market Hours
  • Numerous Languages Available

Our skill is designed to meet the growing needs of the traders of today and tomorrow. To offer the most valuable pricing and order fills we leverage deep liquidity relationships and smart price combination to offer the best trade implementation.

  • Access Deep Liquidity
  • Get Top of Book Fills
  • Benefit From Smart Pricing

The ForexSQ Forex calendar features all the forthcoming economic events and reports keeping you in front of market changes.

  • Global Event Calendar
  • Filter for Your Needs
  • Predictions and Concluding Report

The ForexSQ customers are provided with a individual account manager to response any queries.

  • All Market Hours
  • Chat, Email, or Phone
  • Skilled Account Reps.

The ForexSQ Forex calendar is appoint to dealers of all types who want to avoid being blindsided by economic or central bank policy announcements. This is a Forex calendar for market participants. The Forex monthly calendar is some cases spreads beyond four weeks for Central Bank policy meetings. The Forex Calendar contains market anticipations for key U.S. data in the week ahead. Visit the ForexSQ Forex Calendar often as you plan out your Forex schedule for currency trading.

An economic Forex calendar is used by investors to observe market-moving events, like economic indicators and fiscal policy decisions. Market-moving events, which are usually announced or released in a report, have a high possibility of influencing the financial markets.

An economic Forex calendar is frequently showed as a chart showing the days, weeks and months of a specific year. Each day lists numerous market-moving events in consecutive order, giving financiers time to research and anticipate the exact release of interest to them.

ForexSQ Economic Forex Calender

The ForexSQ economic Forex calender delivers its users with a near real-time economic Forex calendar updated 24 hours a day. Real values are based on official sources, not third party data providers. Former standards are offered before an economic indicator is reported and marked as revised (*) consequently. Survey consensus figures are offered showing the average prediction among a representative group of economists. We also offer forecasts which are determined by our analysts’ expectations and technically estimated using an autoregressive integrated moving average (ARIMA) model.

ForexSQ team provide fastest Forex trading news to help traders know about the latest financial news. The ForexSQ economic Forex calendar API offers you with direct access to our calendar and historical data with many indicators. The API is also be used to feed a website, off-the-shelf software like Microsoft Excel or a custom developed application. Delivering numerous request techniques to question our databases, it is the finest way to export data in XML, CSV or JSON format and to retain your events calendar up to date.

The ForexSQ is dedicated to best meet and go beyond the prospects of both individual and institutional investors. The firm struggles to offer expert and timely modified services to its users. The ForexSQ committed Customer Service Team offers 24-hour support by phone, email and live chat.

Referral To This Economic Forex Calendar App Please

ForexSQ forex trading blog team provide this article about Forex calendar for those traders looking for the best economic Forex calendar in the market to get latest Forex news so tip us please by share this article and help other stock and foreign exchange traders to know about the ForexSQ Forex calender and make more money or avoid loss by access to the fastest and latest financial news by ForexSQ.

Categories
Forex Trading

True Leverage

True Leverage in Forex Trading conducted by professional Forex trading experts the “” FX trading team, Finding out everything you need to know about what is True Leverage in currency trading.

What Is True Leverage in Forex Trading?

Before you read about “what is True Leverage” lets finding out what is the best leverage per each currency pair.

The first listed currency in a pair is the base currency, and the second is the quoted currency, e.g. in GBPUSD, GBP is the base currency, and USD the quoted currency.
The rate quoted is how many units of the quoted currency can be bought with one unit of the base currency, e.g. if GBPUSD = 1.9029, then USD 1.9029 can be bought with 1 GBP.
Hence, when you enter a long position (perform a buy transaction), you are buying the base currency by selling the quoted currency. A short position (sell transaction) is the reverse.
You buy at the ASK price, and SELL at the BID price (see the “Risk and spread” section below for more info).

xxxUSD pairs
1 lot = USD100,000 contract for any xxxUSD pair. 1 pip = 0.0001 dollars (i.e. 0.01 cents) movement. Hence each pip moved results in a gain or a loss of 100,000 x 0.0001 = USD 10.00

USDxxx pairs
For a USDxxx pair, e.g. USDCHF. 1 lot = CHF100,000 contract size, so each pip moved results in a gain or a loss of 100,000 x 0.0001 = CHF 10.00
But if your account is denominated in USD, and the current rate for USDCHF = 1.1335, then each pip moved results in a gain or a loss of 10.00 / 1.1335 =
~ USD 8.22

JPY-based pairs
The exceptions are JPY pairs, where 1 pip = 0.01
So for USDJPY, 1 lot = JPY 100,000 contract size, so each pip moved results in a gain or a loss of 100,000 x 0.01 = JPY 1,000
But if your account is denominated in USD, and the current rate for USDJPY = 100.56, then each pip moved results in a gain or a loss of 1,000 / 100.56 =
~ USD 9.94

Non-USD pairs, i.e. xxxyyy (where neither xxx nor yyy is USD)
1 lot = 100,000 yyy. So if each pip is 0.0001, then it results in a gain/loss of 100,000 x 0.0001 = 10 yyy.
If your account is denominated in USD, and the exchange rate for USDyyy is currently 1.2000, then 10 yyy = 10 / 1.2000 = ~ USD 8.33

Think through the above step-by-step, until you understand it. It’s logically consistent.
Then we can move on to RISK.

How much risk per trade?

There are two factors that determine RISK:
(1) How many pips your stoploss is away from the entry point
(2) How many lots you buy/sell

Let’s say that you have $10,000 trading capital.
The experts say that you should risk only 1%-2% of it in each trade.
So 2% of $10,000 = 0.02 x $10,000 = $200.

Now let’s say I want to buy GBPUSD (1 lot = $10 per pip, see section above)
The question is: how many lots can I buy, to keep my risk at $200, and if I want to set my stoploss just outside a swing point, which happens to be 40 pips away from entry?

Answer: if I trade 1 lot, then 40 pips x $10 per pip = $400 risk.
So to keep the risk at $200, I must trade half of this, i.e. 0.5 lots.
Now, 0.5 lots = 5 minilots = 50 microlots = 500 nanolots, you can work on whatever basis you like.

So the formula is: number of lots = [trading capital] x [percent to risk]/100 / [pips between entry and stoploss] / [dollars per pip]

Let’s do another example using the formula:
— Trading capital = $500
— Percent to risk per trade = 2% (= $10)
— This time you want to place your stoploss is 100 pips from entry
— We’re trading EURUSD, which is $10 per pip (per lot traded)
So the answer is: 500 x 2/100 / 100 / 10 = 0.01 lots (or 1 microlot)

Working backwards to check: at 0.01 lots, the movement is 10 cents per pip. So if we lose 100 pips (from entry to stoploss), the loss is 100 pips x 10 cents = $10, which is 2% of our $500 account.

Here are two very important points:

1. Leverage (explained in the next section) and risk are unrelated, except that leverage determines the maximum amount of risk you can take. But by keeping your risk at 1%-2%, you should never come near to using up your available ‘margin’.

2. In the examples above, it doesn’t matter whether your broker is offering (for example) 50:1, 100:1 or 200:1 leverage. Your risk is still $200 in the first example, and $10 in the second example. The leverage is irrelevant.

So the key is: focus on keeping the risk low, and you don’t have to worry about leverage, it will take care of itself.

True Leverage and margin

The margin requirement reflects how much ‘spare’ money you need to have in your trading account, in order to make a trade. By spare money, I mean money that’s not ‘tied up’ in other currently open trades.

Leverage and margin work inversely with each other, thus:

— If the broker offers 10:1 leverage, then the margin requirement is 10% (or, alternatively, it means that you can trade a USD 100,000 contract for every USD 10,000 in your account)
— If the broker offers 50:1 leverage, then the margin requirement is 2% (or trade a USD 100,000 contract for every USD 2,000)
— If the broker offers 100:1 leverage, then the margin requirement is 1% (or trade a USD 100,000 contract for every USD 1,000)
— If the broker offers 200:1 leverage, then the margin requirement is 0.5% (or trade a USD 100,000 contract for every USD 500)
— If the broker offers 400:1 leverage, then the margin requirement is 0.25% (or trade a USD 100,000 contract for every USD 250)
and so on.

So the formula is: margin = 100 / leverage

Example – for xxxUSD pair
Let’s suppose that:
— you want to buy or sell GBPUSD, which is currently priced at $1.90
— you currently have $10,000 in your trading account
— your allowable risk per trade = 2% (= $200)
— your stoploss is 40 pips away from entry
— your broker is offering you 100:1 leverage

Calculate your risk, as explained in the previous section:
Position size = 10,000 x 2/100 / 40 / 10 = 0.5 lots

The margin requirement for xxxUSD is given by the formula = [#lots] x 100,000 / [leverage] x [exchange rate]
Then the margin you need is 0.5 lots x $100,000 per lot / 100 leverage x 1.90 = $950, which is 9.5% of your $10,000.
That leaves 100 – 9.5 = 90.5% of your account, i.e. $9,050, available for use in other trades.

If the leverage was only 50:1, then the amount required would be 0.5 x 100,000 / 50 x 1.90 = $1,900, or 19%, i.e. at 50:1 you need twice the margin, compared to 100:1, and so on.

So at 50:1 you are “tying up” 19% of your account balance, leaving the remaining 81% free (“unused or available margin”) to place on other trades.

As you can see, trading at 2% risk leaves plenty of money (available margin) in the account, so leverage isn’t really a major consideration. And note that the risk is always $200, no matter what the leverage is. If the trade hits the stoploss, you will lose $200, no more, no less.

Example – for USDxxx pair
Let’s suppose that:
— you want to buy or sell USDJPY, which is currently priced at 115.18
— you currently have $20,000 in your trading account
— your allowable risk per trade = 2% (= $400)
— your stoploss is 25 pips away from entry
— your broker is offering you 100:1 leverage, and smallest denomination allowable is a microlot

Calculate the dollars per pip, for each lot:
= 100,000 x 0.01 / 115.18 = ~ $8.68

Calculate your risk, as explained in the previous section:
Position size = 20,000 x 2/100 / 25 / 8.68 = 1.8433 lots
But broker allows only microlots, so round down to 1.84 lots

The margin requirement for USDxxx is given by the formula = [#lots] x 100,000 / [leverage]
In this case = 1.84 x 100,000 / 100 = USD 1,840.00, or 9.2% of the $20,000 account. Hence unused margin = $18,160.00 or 90.8%.

Forex Trading True Leverage Conclusion

Now you know all about what is True Leverage in forex trading, For more information about currency trading brokers visit forex brokers comparison website, Tip foreign exchange trading experts please by share this article about True Leverage.

Categories
Forex Trading

How To Be A Forex Trader?

How To Be A Forex Trader explained by professional Forex trading experts the “ForexSQ” FX trading team, Finding out How To Be A Forex Trader.

How To Be A Forex Trader?

To become a successful forex trader you need to follow 3 simple steps:

Learn Forex Trading Basics

The first important thing is learn forex trading basics, The Fxsaty forex traders conducted a free online forex school, You can learn currency trading step by step.

Open Demo Account

Before invest your real money you can practive online trading with virtual money, So find a good forex broker and sign up for a free demo trading account.

Inevest Small Money

Once you practice forex trading with a demo acount and make a good trading strategy for yourself then start with real money but with small amount, You must always note online leverged trading contains risks so invest the amount you can afford to lose it.

Once you invest small amount and make profit then you can withdrawal half of money to decrease risks and countinue trading with other half.

How To Be A Forex Trader Conclusion

For more information about currency trading brokers visit TopForexBrokers.com Forex brokers comparison website, Tip ForexSQ.com foreign exchange trading experts please by share this article about How To Be A Forex Trader.