Forex Auto Trading, Article of Forex Trading, Forex Signal and Forex Broker

How To Choose A FOREX Broker

How To Choose A FOREX Broker

Most investors who trade Forex stocks use a broker. A broker is an individual or a company, who buys and sells stocks according to the investor's wishes. Brokers earn money by collecting commissions or fees for their services.

You should check that a broker is registered as a Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC) as protection against fraud or abusive trade practices. A Forex broker also needs to be associated with a financial institution, such as a bank in order to provide funds for margin trading. Picking the right Forex broker for you will take some work on your part. There are brokers who charge a flat fee and some that charge commission. It may be a good idea to talk with friends and business associates about their brokers. You may get some good leads, and you're certain to hear who to stay away from. There is nothing like word of mouth advertising.

If you are thinking of investing online, you could choose several online brokers and contact their help desks. Seeing how quickly they respond to your questions could be key in how they will respond to their customers needs. If you don't get a speedy reply and a satisfactory answer to your question you certainly wouldn't want to trust them with your business. Just be aware that as in other types of businesses, pre sales service might be better than after sales service.

Before you choose an online broker get a copy of their online demo account. What features are included? Is the software reliable? Does it offer automatic trading? Are there extra software features that cost more?

Before setting up an account with a Forex broker you will need to do further investigation. How quickly will these brokers execute your buy/sell orders? What is their policy on slippage? What are the transaction fees? What is the spread, fixed or variable? What are the margin requirements and how are they calculated? Does the margin change with currency traded? Is it the same for mini accounts and standard accounts?

Don't forget to ask about minimum account balances and interest payments on account balances. Make sure that your funds will be insured.

by Mark Freeman

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Automated Forex Robot Trading - Which Forex Robot is the Best of All?

Automated Forex Robot Trading - Which Forex Robot is the Best of All?
By: Kelly Price

Automated Forex robot trading is big business and there are numerous ones for sale and the vast majority lose, so let find the minority that win and the best robot...

We will look at our best trading system in a moment but first lets look at the Forex robot industry as a whole.

The phrase Forex robots or Expert Advisors are new phrases, until recently automated software was simply called a trading system - but marketing needs a catchy name, so trading systems are now known as robots or expert advisors and the fact is any system that carries these names and has hyped advertising copy will lose you money.

The claims are laughable - double your money each month, 90% accuracy and little or no drawdown and you only pay a hundred dollars or so, you know he claims are not true and so do most sensible people. These systems never produce an independent track record of gains - Why? Because these systems have never made any money long term.

The best Forex Robot Trading System

It's a free one and it doesn't actually call itself a robot, but it is an automated trading system and it does make money and has for over 25 years. Many of the pro traders use it and even trading legends like Richard Dennis admired it, so if you use it your in good company.

It's called the 4 Week Rule and was devised by trading legend Richard Donchian. It only has one rule and here it is:

Buy a new 4 week high - hold it. Wait for new 4 week low to be hit, then close the long and go short. Simply keep keying off new 4 week highs and lows and remain in the market at all times - that's it.

Does it make money?

Sure it does and it beats all the sold systems hands down because it is simple, robust and will always make money as long as markets trend. It's a simple breakout strategy which is a timeless way to make money.

So why don't more traders use it?

They like gimmicks, unrealistic claims and are duped by clever advertising copy. These traders forget that the proof of any system is in its performance and they like the made up sold track records.

The savvy trader though knows, a system like the 4 Week Rule will make money and they use it long term to pile up big long term profits and enjoy currency trading success.

Don't fall for the hype, get the real deal - a free system the top traders use and have been using for over 25 years to make big Forex profits.

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For free 2 x trading Pdf's, with 50 of pages of essential info and a PROVEN FREE Forex Trading System visit our website at: http://www.learncurrencytradingonline.com

Article Source: http://www.ArticleBiz.com

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