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Forex Broker Checklist

Forex Revisited: Getting Past the Hype to Make Money Time to re-group Trading in forex markets has reached a level of momentum where irrational expectations are beginning to interfere with normal business dynamics. While advances in technology have opened up trading opportunities for more individual traders globally, rapid growth in forex markets has inevitably created a gold-rush frenzy among forex brokers and trading suppliers. Even the global credit-crunch has had little impact on that market growth. Myths, hype and scams will probably continue to emerge like weeds during this current phase until enough people become disillusioned, causing a forex market contraction in non-institutional business. Meanwhile, as always, opportunities to make a lot of money will present themselves. This article is about ways forex traders can improve their chances of making money during these turbulent times. It is specially relevant to traders who have already been ‘burnt’ too often by current circumstances and are considering abandoning forex. Copyright © 2009 fxtradermart, All rights reserved.

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Generic MetaTrader 4 vs. MBT MetaTrader 4

The ECN FX Broker Advantage It is often said that an educated client is the best client and this applies to understanding options when it comes to forex trading. Investors see the “commission free” trading that is offered by most FX dealers and do not realize that there is a better option, however, it is not free. The better option is the ECN style FX broker. An ECN style FX broker offers clients the same tight institutional rates and the ability to post inside spread, that large players get and charges a commission for this. The primary advantage of an ECN style FX broker is the spread cost is much lower. Although ECN brokers have generally not been available to the retail level because of trade size minimums, the forex business is beginning to recognize that the industry is heading this direction and more and more of these ECN style brokers are becoming available at lower trade sizes. Most forex brokers are non ECN style dealers which means they make their own market at much higher spreads to the client. In turn they profit on every transaction that a client does, generally without any risk. They do not allow clients to post orders inside their bid ask spread and their have long been questions about how the spreads can change without a client seeing this which results in very poor fills. copyright info: Turning Point Research ©