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Getting Started at CurrenciesFx.com

 

What is it CurrenciesFx.com?

CurrenciesFx.com is a Forex Trading website developed by Qexpert.com. The website consists of the Learning & Research section and the Trading & Reviews section. There is also an Introducing Broker (IB) service offering Forex Trading Rebates to all currency traders. CurrenciesFx partners with a lot of regulated Forex Brokers in order to provide traders with the best trading deals in the industry. You will be informed about active Forex Bonuses, Trading Rebates, and Trading Contests:

How Forex Trading Rebates Work

► Dukascopy Rebate

 

Introduction to Currency Trading

Trading online currencies is a very popular practice nowadays. Some traders are trading profitable, but most traders don't. A wide variety of parameters determines the long-term profit potential of a Forex Trader, including good information, effective analysis, the right strategy, and the right Forex Broker.

(1) The first thing a currency trader must do is to select a trading strategy. Forex Strategies are formed and implemented according to particular profiles including the trader’s growth expectations, risk tolerance, and special needs.

-There are intraday, automated, swing, long-term, and carry-trade strategies

(2) After a suitable strategy is chosen, the next step is the creation of a detailed trading plan. This trading plan must include trading setups, the conditions for entry/exit trades, and a detailed money management system.

-Never try to catch the market, let always the market catch your own trading setup using pending orders

-Create money management rules and follow them with extreme discipline

(3) Last but not least, the trader must find the right Forex Broker. A good Forex broker should provide safety of funds, low trading cost, good customer service, and effective technology

-Prefer always ECN/STP brokers

» Compare ECN/STP Forex Brokers at CurrenciesFx.com

 

Forex Trading Research

CurrenciesFx includes a wide variety of learning & research resources that you can access for free: 

Basic Foreign Exchange TheoriesIntroduction

 

The Forex Brokers Rating Formula

In order to evaluate global Forex brokerage services, a new Forex Rating Formula was introduced by TradingCenter.org. This formula combines 4 major trading factors:

i) Safety of Funds

ii) Cost of Trading

iii) Trading Options

iv) Technological Efficiency

Here is the recent history of the Rating Formula:

» Fx Broker Rating Formula –V5.0, at TradingCenter.org

By giving a specific weight to all the pre-mentioned factors many Forex Brokers have been rated and the results are published at FxPros.net. Withing CurrenciesFx you may find reviews and ratings of popular Forex Brokers.

FX BROKER REVIEWS AT CURRENCIES FX


Different Profiles Create Different Brokerage Needs

As already mentioned individual trading profiles create different needs and different needs create different Forex Broker choices. Let’s see some examples.

(i) A professional day-trader or a scalper needs an ECN broker with tight spreads, low slippage, fast execution, the availability of MT4 / MT5, and a good trading rebate

(ii) A carry-trader or a long-trader need a Forex broker offering a wide variety of Forex pairs and very efficient swap-rates (overnight charges)

In both cases, all traders must choose only among high-regulated Forex brokers.

Notes:

(-) Professional traders may trade the currency market intraday. As concerns novice traders, it is highly recommended to avoid trading intraday

(-) Demo and Practice Forex accounts offer an excellent chance to evaluate the conditions of every Forex Broker without any cost and without any risk

 

Successful Forex Trading

Ambitious Learning and Right Timing are two important ingredients of Forex Trading success.

Forex Market Trading Hours

The Forex market includes 3 trading sessions: the US Session, the Tokyo Session, and the London Session. Between each of these 3 sessions, there is a period when two sessions are opened simultaneously.

1) The London and Tokyo markets are open at the same time between 3 am and 4 am (EST)

2) The US and London Markets are open between 8 am and 12 pm (EST)

These common time frames generate high volatility and volume activity and thus constitute the perfect time for intraday traders.

► More about Forex Sessions

Most Volatile Days of the Week

According to historical research, the major currencies are more active and volatile in the middle of the week. That means from Tuesday to Wednesday but Fridays also are very busy until 12 pm (EST).

 

Forex Market Statistics

These are some statistics regarding the Forex majors, based on our research:

 

Forex Trading Tips

In this website you may find a number of Trading Tips, here are some interesting links:

► Cross-Asset Correlations | ► Trading Forex by Following the Smart Money

 

Create MT4/MT5 Indicators for Free

 

Some Important Forex Links

Here are some important Forex Trading links:

» US Bureau of Economic Analysis | » US National Bureau of Economic Research | » Eurostat (EU) | » UK National Institute of Economic and Social Research

 

Getting Started with Forex Trading

CurrenciesFx.com (c)

 

FOREX REVIEWS

• COMPARE  ECN Brokers  Forex Robots  Forex Signals    
• ECN / STP  FP Markets IC Markets
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Claim FX Promotions

Forex brokers are offering high trading promotions (bonus or rebates). By using Currencies FX as your Introducing Broker you may achieve high rebates from some of the best Forex Brokers (Alpari UK, Dukascopy Bank, etc). Don't hesitate to contact with us and learn more.. 

Forex Accounts Deals

We partner with some of the best Forex Companies in the world and we may suggest various Forex Brokers according to your special trading needs (i.e. low spreads, exotic pairs, no delays, expert-advisors, scalping, MT5 trading etc). Contact us today and enjoy our free service..

Enjoy Trading Privileges

All traders who are using our Introducing Brokerage Service are enjoying trading privileges like market news and signals concerning Forex Trading. Contact us today and learn more about our free IB program, it is free as we never get paid by traders.. » Contact us